2023-12-31-accounts

The Parochial Church Council of St. John the Baptist, Our Lady & St. Laurence Thaxted Annual Accounts and Financial Statements for the year ending 31 December 2023 Page I

Annual Accounts for 2023 Background The Paro¢hlal Churth Council Ihereafter"PGC) has respon￿blI ty, under the pr&sent thairmanship of Fr. Gewn Cawi, for the promotion of the ecdesiastical parish of the whole mi&%ion of the Ch￿￿- pasto￿. evangelical. s(xial, 8t￿ eujmenieal and for the running, maintenance, and daily upkeep ol the parish chuith of St. John the Baplist. Our Wy and St. Lauren￿, Thaxted. To best achieve this, the PCC is fulty regsstered as a tharity with the Chanty Commission under wistrabon number." 1127752. Membership of the PCC Members of th¢ PCC are either elected by the Annual Par(xtal ChuT( meeting or are appointed ex-OffKio, in arzordance with the ChuiGh Representation Rules. 0￿slO￿al￿, a may be co-opted wheie speualist skius ate required. During the 2023 finanaal yeai. the fiAEowng peorAe served as members of the PCC: Chainnan Fr Gewn Capon Churchwarden Ann Pickhaver Paul Meader Secretary Maryanne Fleming Treasurer Philip Stsk (C(H)pted) PCC Member Fr Chris Brown Angela Farr Trevor Haynes Anna Lee Janet Moo Pamela OToo Stephen Odom Perry Staker Michad Tayler IC¢TroWed} (From April 2023} (ro Aptil 20231 Ex4)fficio Dee Barrington Margarèt Caton Maggie Catter￿1 Rev. Susannah Latx Adrian Wright {Deanery Synod-To Awl 2￿￿3) (Deanery Synod) (Deanery Synod) (Assistant Curate) {￿cenSe￿ Reader) Committees Thè PCC orratès. in part. through ￿)MMItteeS which meet in addtb.on lo the main PCC meetings. standi Commtttee This committee is requiTed under ecclesiastical law. 11 has the power to tr￿Sac1 the busin￿ of the PCC tfv4een rts meeb"ngs. subject to any direC￿n5 gNen to it by the main PCC. Estates Committee fOrn￿rt Ihe BuMdi To M￿ntaIn the f8bti¢ of the Thaxled Churth estate and to inprove the farylits that ran be offered. Finance Committee Oversees the income, expeth1rture. arKJ financial g0Veman￿ of ￿ PCC. PrcYuung budgets and recommending finanual poliues for the full PCC to approve. Fundraisin Committee To facilitste and organise fund¥aising events on L￿haff of the PCC. nGoln O Committee To ¢o-ordinate all matters regarding the restoration of the Lincdn Organ on tehaifof Ihe PCC. w0￿h1 . Nurturp $rpd Mission Committee To support and encourage grThvth in the worthip Of￿ within all sections ofthe Parish communty. Page 2

Church attendance There were 87 parishioners recorded on Church Electoral Roll in 2023. 17 of vhK)m IN￿ out&de the Parish (from 88 & 16 in 2022. 85 & 17 in 2(r21 and 87 &14 in 20201. The average numbw receMThJ communi)n M Sundays was &3 {up frL¥D 52 in 2￿￿. 57 in 2021 arKI 54 in 20201 but this nurnber clude5 attendan(x at speaal masses around Hoty dayE aTrJ ￿lMenical I ccrfnmunity s￿1￿. Thayted Parish Church's'open Doors. fanity 5erwce. hdd on every4th Swday oftt* monih. tt)ntinues to be a popularftsrm of worship with families and exisb"rKJ parishioners alike and Thaxted parishioners conb.nue to ￿8Y an acb.ve part in wder benefi serwces and ecumenical services the to•ffl. Statement of Trustees. I PCC member5. responsibillties The wrpose ofthis ststement is to dists"nguish the memLv5 respNtsibilitss firwniial Statem￿ from those oflhe Independent Exarninets as ststed in their repryi The chanb.es Acl 2011 requires the rnern￿rS to wepare fir￿￿al statemerts eath finaro81 yearvknith gNe a true and fairvEw of the charity's fin8nryal activities durirYJ the year aThJ of sis ffinanry81 p￿%￿0￿ at the end of the year. In weparin9 1he financial statwnents, the m￿l￿S folk)wed best ￿tice aTKt Selected Suitable account.ng tK)liaes and aoied them cxMSiStenty. Madejudgements and eth"mates that are reasonable arNJ PTLKlenL Fdlowed the recomrnendations ofthe Charity commiss￿ and oftre a(£ounting professions reg8rding fomi and contentol the finanrial statements or undertook to disdose and eX￿ain any departure therefrom, aThY Prepared the finanaal statements ¢Jn the goin9 concem basts unless rtwas inappwrale lo awtne that the (thrity wll conb.nue to tneet its obJ"eth'ves. The members were reminded ￿at they are responsible for keeping accrAJntir¥J reoxds a￿ suffiaentto disdose. wilh reasonable accuracy. thè finxncial postbon ol the tharity at ary time. and lo ￿b$e them to ensuTe that the financial ststernents comply WFth the disclosure regulations. They a￿ also temirxknl that they wesponsble for safeguarding the 8ssets oftt)e charity and en￿ for laknng reasonable steps for the prevenbw and deteth.on offraud and olher irreg￿arr￿e5. Approved by the Parochial Churth cou￿)1 * a full meeb.ng and sKJrth on their behalf. Cy Fr Capon Rertor Dated". thf7k Zoi Page 3

Report of the Independent Examiner to the Parochial chU￿h Council of St. John the Baptist, Our Lady and St. Laurence, Thaxted. We have evaluated the financial statements ofthe P¥roclNal Church Cwn(31 forttyear eTrJed 315t Der£mber 2023 whrh clxnprise the Statement of FInana￿ Activthes, the BaLan￿ &)eetand the rdated notes set out¢)n pages 5 to 10. These finanoal statements have teen prepared urKlertt hi5tryK cxjst ￿l￿ntiOn and in strA￿d￿ ¥￿th the a￿Unting poliaes set out therein. Respective resp)nslbllftles of membw5 andaccountants The rnembers. responw"biltb"es for FwarNvJ the fir￿rria1 st3temts in a￿ry￿ar￿ 7Mth applicabk l•, th8rty a(xJ)untsng prath.ce and (where appropriatel Untled Kinglom a(xxwntirvJ slartdards are set on p&3e 3 ofthe ￿[x)rt ofthe trustees. We rewrt to you our opinh)n as to ￿etherth@ finantial Statem￿1$ give a true and fairview8EKI a￿ properly prepareil in at￿[dance th the guidelines swthin the Charibes Act 2011. We also reFort to you in wr 0￿.nIon the infonnat.on given in the trustee5' report is ¢onsislent with the finanaal Staterna￿_ In addition. we report to you if, in CAJr orxnKJn. the charty has not kept 8cuJunting reo)rds, or have not re(2ived all the informth.on and exJanatiorts we rewire forour asse&￿ We read thetrustees, repKJrt ojrtsithr the imKAKztioTrs for our rem ift tcome aware of ary apparent misstatements WI￿1￿ Basis of accountants O￿nIOn We have examined the pa￿￿1rk and sought evidenc£ to vwrfythe all￿rtS and diq(£ures in Y)e finanaal statements. It also includes an assessment of the signifi(znt estim8te5 and judgements made by the trustees in the preparation ofthe financ4al statements, and ofwhether the accounts.ng policies are aptKopriate to the ct•'s CAr￿MStan￿$, consistenuy applied ax1 adequately disclc6ed. We planned and performed our judgement so as to ￿1n all the Informati￿ aThY expianaticx)s vthith ￿ cY)nsidered necessary in order to piowde us wth suffioent ev1(kn￿ lo gwe reaSona￿e aSSUran￿that Ihe finanaal statemetts are free from rnaterial misstatement. whether caused by fraud or other irregularty or error. In fO￿ing our opinion, we also evaluated the overa11 adequa of the presentat'on of infomiation in the financial statements. Oplnlon In ouropinion". The finanoal statements gi￿ 8 trué and fatrview, in accordan￿ V￿th Unrted ￿ngdorn gereralty a￿epted a(Lounb"ng practi￿ applicable lo charikne4 of the state of affairs ofthe as at 3151 DeC￿ber 2￿23 and ofthe resuts of its activty for the period then ended,. The finanaal statemats have rxopwty prewed in a0)Nda￿£￿th the guide11r￿S wthin the Charrtses Act 2011.. and the infomatK)n gwi in the trustees. report ts ¢)Jn&slerktwith the finarad statements. NisarAhrned ACMA CGMA Ridgell & Guildway Accountants Ltd DateAJ.' 13th M2rcFL 2024 Charterèd Accountant5 The counting House. Watling Lane. Tha￿ed, Essex CM6 2QY Page 4

Statement of Financial Activities For the yèar ending 31 December 2(Y23 ljDrestii￿ Dtsigjthtsd Restricted EndoThweat Dds funds fllDds 2023 2022 Income and endowments tr￿- Donations and legaaes other trading avittes Investrnents Other irKoFne Total Income 2181 2(bl 2{cl 21d) 45.725 5,861 3,339 111,&37 166.762 46.780 6,447 12.7011 35,042 85,568 3,339 3,857 71,895 75.858 81.165 3.339 Expendlture on: Raising ￿ndS Expendrture on tharitsble thibes Other expenditure Totsl exFendttu 3(a) 1.728 43,623 85.819 131,170 38,593 59.(X)3 38,593 124.126 163,681 3(c} 2.ff27 .2 3.146 61296 Net inGomel lexpendittjrel resources before transfer {17.0741 13,S62 3J39 3.081 {45,6021 Transfrrs Gross transfers bei%%een funds- in Gross transfrrs between funds- wt Net movement in fijnds 18, P4,1701 {43441 55.394 15,79)) 151,0)4} 4,133 17.952 19.042 180,9641 {19,0421 3.081 {45.6021 3,339 Totsl funds brought foThvard 18,480 28,571 84.642 130,244 Total fvnds ¢arried fovKdrd 13.663 7.718 432 29.910 87,723 84.642 Definition of fund types Un￿StriCt9d funds are monies avai18tle to Ihe PCC l Trust&s for gew81 use. vritlK)ut reStrth￿. D&signated fvnds are monies which the PCC h&8 Seta￿de fot a speafic purpose. but rt is wthin their rÈmrt to decide to iealloc2te these fl￿dS at any b"me. through a 5y)stive vote at 8 Pro￿rIY co￿¥￿rted meetirKJ, for ar￿ther purp￿. Restricted funds represent monies that are reqLllred lo be used for the purpose that they are granted or collected. Ifthese fvnds cannot be used for the purpose foi which they were granted or colle(ed. they cannot be re-allocated by the PCC but must either be held for a time until the ￿striC￿"0n can ￿ met or must be diqrM)sed of in ￿X)r(jar￿ with Ch8trty Q)Mmiss￿n guidan( e.g. to another charty with aims that mattth the restricficffi. Endowment reprèsent monies that have been left tolhÈ church for a lryy4em PUTFM)se. These funds are restric￿ as above and generate income which is erther reinvested or used lor Ihe purkK)sethal the rnonie5 were endrywed for. Page 5

Balance sheet as at 31 December 2023 2023 2022 Current assets Investtnents Cash at bank and in haTr 29,910 26,570 84.759 Liabilibes Creditors. Amounts falling due in one ye 117 117 222 Net current assets. le￿ ¢urrent IlatrAlille5 87.723 84,642 Total assets, less current Ilabllltles 87.723 84,642 Total net assets, less Ilabolltles 87.723 84.642 Represented by Unrestricted General 13,663 36,007 Deslgnate Catering Fund Chat Café ncoln Organ Running Ccéts Literature Provisjon Peter King Memorial Fund Restoration Fund IDe&gnate 128 250 1,211 50 476 1,599 1,392 477 4.790 Restrlcted Bed(et Chapel Mfindow Restor"on Furniture Furwj J StrEppard's fr&nd for Extern81 L￿hting Provrsion of Raiment For the Maintenance of the Bdls maintenan￿ ofthe vicarage Thaxted Churth Musi¢ FUTh ReplaTrrnent Lightrng PTojeGt Restoration Fund (Restridedl Kitchen, T(x5et & M￿tIng RO￿ F￿￿ Decorating the Ilige 816 83 27> 1.074 4.047 20,748 3.973 15031 3.957 4,994 5,015 Endovhnent Chan￿1 Trust 29,910 26.571 Funds ofth• ehureh Page 6

Notes on the Financial Statements Forthe yearending 31& De￿ber2OTts 1. Accounting pollcies General Prlnciples: These fsnancial slalements have been prepared under the current Church N￿oUntIng Regulations and in accordance with the current Charities SORP and applicable accounting slandards. Funds-. Unrestricted funds represent the fvnd5 available to the PCC that are not sut4'e¢l to any restrictions regarding their use and are available for application on the general purFoses of the PCC. Thw indude any funds which the PCC has itself deswnated for a specific purpose. The purpose of other fijnds, resblcted by the circumstsnces ￿ conditions of their receipt, is noled in the financial statements. Resources classified as'Endowment< will be treated as long term investments by the trustees and only the interest received on each investment will be available for ￿-Inves￿nent or use for the purp)se intended by the person I b(xty who donated the fvnds. subject to any separate and distirK agreement on a particular endowment Incoming resources: Collections and fees are deatt wrth in the financial ststements when re￿Ned. Covenanted receipts are dealt with when honoured by the covenanter. Tax recoverable is recognised in the financial receipt when certrfied as due by and received from the relevant tax authonty. Grants and legacies are accounted for when received or are able to be quantified with substantial accuracy. The proceeds of fund-raising and sales of magazines and other gLx)ds are shown gross. and corresponding costs being shown in resources used. RosQU￿e$ used: Grants and donations are accounted for when paid. Costs relating to woth. fun&raising and administration are deatt with when incurred. Stocks of Ir(eralure and gocxys for sale are included in the financial strdlements On￿ if materially sjgnrfunl. The DI￿esan quota accounted forwhen payab￿ and any qwts unpaid as al 31st Ekcember is shown as a creditor on the balance sheet. Restatement of Prioryear Classifi¢ions Where it is found to be necessary to reclassify income or expenditure. etther through enhanced infomialion or changes to how particular items should be classtfied. the prior year will be restated within the current yearfs accounts to ensure a fair and accurate comparison. Value Added Tax: Irrecoveoble Value Added Tax Is written off as part of the relevant cost. Value Added Tax recoverable in connection with repair work is shown specfficalty as an incoming resource. Other ¢urrgnt assets: Quantifiable amounts due lo the PCC as at 315t Decemter are shLh¥n as debtors on the financial statements after educting any amount likely not to be ￿lleCtable. Page 7

1. Income 2(al Donations and legacies Total Unrestricted Des. 2.788 22,719 7,080 1.995 ateil Restricted Endovrnient 2023 3.388 22.719 7,120 1,995 3.796 2022 3.388 23,668 4,928 2.143 2.220 23 10,178 Giving- Bank Slo Parish Giving Scheme Loose plate collections One-off Gilt Aid gifts Donatic)ns. appeals etc Donations via Donth"on Station Legacies 'Black Chest Donations 'Restorab"on' VV811 Safe 1,111 1.212 952 282 1,000 1.228 2,032 45,725 242 1.134 2.403 228 46,780 Total 39.359 2(bl other trading activities Total Unrestrieted Desi

ted Restricted

140 Endowment 2023 186 5.315 2022 1.447 4.600 400 6,447 Bookstsll Sales- Fund raisrng Church Lettings - General Church Lettings- Heating 5.315 Total 5.720 140 5.861 2(cl Inveslments Totsl UTrr¢strict¢il Des" Dated R¢strict¢d EodowtDent 3,339 3.339 2023 3.339 3,339 2022 2,701 12,7011 Gains l Losses on Trust Revaluation Total 2{dl other income Totsl UDre5tri¢ted De5. 2.731 ated Restricted 2023 2.731 5.680 2022 2.185 5,917 10 Tax recoverable on SIO & Gfft Aid Tax recoverable on Giving Stheme Recurring grants Non-reeurring one-off grants Yardleys Charty Thaxted Parish Counul Restoration Grants {Non-Speuficl Vicar & Churdmardèns Grant Othei funds geneialed Candle Collection Catering InGorne May & Christmas Fayres Fundraising Cornmittee Events Bank ènd building souety interest Fees for weddings and funerals Wedding Fees for Ghoir 855 14,521 15,376 5.OOD 2.024 2.024 50.OOCI 255 909 388 12,000 3,425 786 11,198 65 111,837 212 875 12.(KK) 9,508 2,072 234 3,425 501 11.1 285 65 71.895 390 35,042 Total 36,086 3.857 Page 8

1. Expenditure 3(a) Raising funds Totsl Uorestricttd Duigrtated Restricted EDdov4ment 454 2023 773 2022 Costs of fetes & other events Cost of Credit Card Madu Totsl 962 1,728 3{b) Expenditure on charitable activities TotAI u￿restriCted Desig￿ated R£stiicted EDdoiTrillent 21123 150 2022 Giving- Missionary societies Giving- Relief & Development agenoes Horne mission Secular charitses Ministry parish Share ete 217 253 43,152 43,623 38.289 38,289 38.593 Totsl 31cl Otherexpenditure Totsi Unr¢strirted Deggnated Restricted Endowrntnt 20Z3 6.000 2022 6.000 Organist Fees Parish Administrator Parish Adrninistrator- ￿nSeS Expenses of Ministy Team Visiting Clergy Expenses hurch running- InsurarK Parish Office- Consumables Paiish Office- Bioadband I WFI Organ I piano tuning Church running - Maintenarr hur¢h running- Clèaning & LauTh1ry Church running - Catering Church running- Flowers Church running- Sem Iconsumablesl Church running- SeNre IA%sets) Church running- 8ells Upkeep of churthyard Administration Bank Fees F&s Payable to the Dityxe Church runniry- El￿triC Church running- Gas Church runniro- Water Church running - ljl Bookst811 costs Governan￿- Examination l Audit Fee Church major repairs- Structure Church majoi repairs- Installation Church major repairs- Churchyard Church intenor and exten¢x dwati Church- Furniture Costs Ghurch - Lighb"ng ProJect Vicarage- Maintenance 105 158 15 703 7.731 7.731 7.134 374 479 475 516 3,097 475 516 3,097 202 191 1,899 3,031 5,325 191 642 1,172 3.ff21 11 1.287 1,119 8,847 1,729 4,220 2.123 1123 1533 2,581 15.834 125 2,533 1581 15.834 125 2,357 7,011 119 215 57D 25.367 7.3 570 1.320 4,926 570 50,944 49,624 97 447 4.176 1.740 124,126 4.176 1.740 Tolal 85,819 Paxe 9

2. Statement of assets and liabilities as at 31* December 2023 Unrestricted Desi ated Restricted Endowment 2023 2022 Current assets- Cash at bank & in hand Barclays- Current Account Barclays- Restorats'on Account CAF Bank- High Interesi CAF Bank- Curtent Ar￿u￿t Cash in Hand 2.260 6,169 8.115 42,804 947 3,907 6,652 47,628 11.228 947 5,267 26.310 Totals 13.663 7.718 36.654 58.035 58.188 Current assei8- InvestmerrtS Chan￿] Trust 29.910 29.910 26,570 26,570 Totals 29,910 Liabilities - Agency aeeounts Agency collectioras 222 222 117 117 Totsls Grand total 13,663 7,718 36,432 29,910 87.723 84.642

3. Statement of the movement of funds Foi the year ended 31st December 2023 Fund Balances IncomlwwJ Outgolng Transfer¥ Galns I Fund Balances Losses carrled fotward Unrestricted Funds General fund 36.¢X)7 81,165 96,239 15,270) 13,663 Designated Funds Catering Fijnd Chat Café Flower Fund Literature Provision Peter lfjng Mefflollal Fund Restoration Fund 2S) 1,211 510 372 1.899 365 128 882 20 1.158 1.880 {1,000) 1,599 476 1,392 477 4,7 Restricted Funds Becket Chapel Imndow Restoration Decorating the South Aisle FuTnitvre Fund Heating Fund tchen, Toilet & Meeting Rth)m Furwj J. Sheppard's fund for Extem* Lighting Maintenance of the Bells Maintenance of the Ghurthya maintenan￿ of the V￿arage Provision of Raiment Replacement Lighting Project Restoration Fund Thaxted Church Music Fund Lincoln Organ- RLJnning Costs 816 16.271 21 49.624 32,538 5.015 3,9S7 75 4,032 4,220 1.740 3,220 1,455 279 83 3.973 I￿¥3) 85 4.047 20,748 1,074 4.176 54,073 1()5 (32,822) Endowment Funds Chancel Trust 26.571 29,910 Totsl 84.642 166.762 163.681 Page 10

Associated Organisations In addthon to the funds which Ihe tnjSt￿ I PCC members dir&Xcontrd of, there are sevwal 859xaated tsrgank%abix)s whith, atthc￿gh cannot forni part of the accoJnts, do have a COnn￿li0n to the fabrK and the w)rk ofthe thurd). Eath organisab.on woduces an independent ac£ourrt oftheir itt￿ne and exp￿ditY￿ but an extract of exh of these is reprodu below for CL)mparison wth prevtw$ years. ￿unts. Vicar and Churchwardens Accounts E¥tractfmm the Summary ofthe Funds V￿1￿ Ihe Wttcar & Chu￿wan1&n$ actx)untsas at 31& Lcember 2023 T>tsl Funds 2023 3.208 Totsl Funds 2022 3.189 Charity Funds hel¢J (Details in the ftrfl V&CW axxxjtsl Yardley Ecdesiastical Charity 18,gY2 Total Restricted fvnds 21110 55,222 V&CWFund 20,610 30,495 Chanty Estate 54,367 84,862 Fund balance at Year End 140.084 Lincoln Oryan Restoralion Committee accounts Extr8dfrom tlje reco￿or￿nG(￿￿e and expendrt" oflhe Lncth Organ Restorakn &t￿ts as at31# 0￿m)er 2(Y23 Total FyrKIs Totsl Funds Openlng funds 37.286 Total Receipts 54.75 Tot81 PaymÈnts 347.9) Funds Balance at Year End 36,993 NB. From 2024, the ￿nColn R8Stty*it)fi Funds wmlbe fully incc¥poraled into the Th8XtedPCC annual actounts. Thaxted Church Hall Extradfrom Ihe recordofinGcHne and expendrtu￿ oflhe Tha¥ted Church Hallacxxwnts &$ at31$1December2023 Total Funds Total Funds 2022 o￿nIng funds 7,767 Tot81 Income 8,173 6,4 Total ExFenditure 5.166 6,155 GRANTSILoans 3.516 One off Expense5 Surplus I (Deficit) 1522 IS.4681 Funds Balance atyear Ernl 4.820 Page Il