# **Annual Report & Financial Statements Of the Parochial Church Council of St John’s Church, St John’s Close, Colchester CO4 0HP**
For the year ended 31[st] December 2023
**Incumbent:** Vacant – Church in Inter Regnum
## **Bank:**
Barclays Bank, High Street, Colchester
## **Independent Examiners:**
Larking Gowen Unit 1 Claydon Business Park Great Blakenham Ipswich, Suffolk IP6 0NL
Registered Chairty Number: 1127854
1
## **PAROCHIAL CHURCH COUNCIL OF ST JOHN'S, COLCHESTER**
## **FINANCIAL REPORT CONTENTS**
**Front Cover Page 1 Contents Page 2 St John’s Annual Report 2023 Page 3 – 5 Church Wardens Report 2023 Page 5 Financial Statement 2023 Page 6 Independent Examiners Report Page 7 Statement of Financial Activities Page 8 Balance Sheet Page 9 Accounting Policies Page 10 Notes to the financial statements Page 10 - 14**
2
## **Reports for year 2023 ’ – St. John s Church Annual Report for 2023**
## **Introduction**
St John’s PCC has the responsibility of co-operating with the Incumbent in promoting within the Parish the whole mission of the Church – pastoral, evangelistic, social and ecumenical. It oversees and directs the mission and work of the Parish Church of St John’s within the parish boundaries. Rev Andy Sachs resigned as Priest in Charge of the Parish of St John’s in July 2023. The Church started the recruitment process from July till the end of 2023. Rev Chris Willis assisted in leading the Church through the vacancy in 2023. A transition team was setup in order to assist the PCC and staff in the day to day running of the church.
These reports, along with the Organisation Reports of the various ministry streams of the church, illustrate how the PCC fulfils its obligations to benefit the public – mainly to the worshipping congregations and to the local communities, but also beyond.
## **PCC Membership**
Members of the PCC are either ex-officio or elected by the Annual Parochial Church meeting in accordance with the Church Representation Rules.
During the year 2023 the following were member of the PCC:
|Rev Andy Sachs|Chair|Resigned July 23|Ex-officio|
|---|---|---|---|
|Rev Chris Willis|Chair||Ex-officio|
|Rick Moore|Treasurer||Ex-officio|
|Jane Shelley|PCC Secretary|Started Sept 22|Ex-officio|
|||||
|Nik Read|Church Warden|Resigned April 23||
|Alex Quayle|Church Warden|||
|Jeremaine Johnson|Church Warden|Elected April 23|1 Year|
|||||
|Mary Antony|Deanery Synod|||
|Alex Quayle|Deanery Synod|||
|Jeremaine Johnson|Deanery Synod|||
|Micky Roberts|Deanery Synod|Resigned April 23||
|Tanaka Manika|Co-opted to Deanery
Synod|Resigned April 23||
|Dave Sollis|PCC|Resigned June
23||
|Peter Birdseye|PCC|||
|Geoff Gilbert|PCC|||
|Joanna Marshall|PCC|||
|Tony Berry|PCC|||
3
|Ewan Darby|PCC|||
|---|---|---|---|
|Jane Cornell|PCC|||
|Nicky Sirett|PCC|||
|Jonathan Mulvey|PCC|||
|Clare Luxton|PCC|||
|Carol Cockrill|PCC|||
|Peter Theodosius|PCC|||
|Paul Morgan|PCC|||
|Nik Read|PCC|Elected April 23||
|Helen Robinson|PCC|Elected April 23||
## **The PCC Operates through several committees/ groups which meet between the full meetings of the PCC**
**–**
## **Standing Committee**
This is the only committee required by law. It has the power to transact the business of the PCC between it’s meetings.
## **Mission Partnerships Group**
The group was formed to serve this area on behalf of the PCC with he aim of overseeing and supporting our Mission Partnerships, both individually and with organisations.
Below is a list of the Mission Partners and organisations that SJC gave to in 2023:
|**Organisation**|**Amount**|
|---|---|
|Nortons|£6698|
|Toths|£5710|
Vicar’s Discretionary Fund - £1000
## **Safeguarding Compliance Group**
The safeguarding compliance group, chaired by our Parish Safeguarding Office meets 3-4 times per year to keep SJC both fully compliant with the Safeguarding Policy of the Church of England and to enable SJC to continue to develop a safeguarding culture around every area of church life.
## **Electoral Roll**
2023 Roll Revision – 17 new Electoral Roll forms were filled in, of which 6 are residents of the Parish and 11 are non-residents. There were 14 who come off the list due to various reasons making the totals 98 resident, 165 non- resident, 263 total for 2023.
Being listed on the Electoral Roll of St. John’s gives you a say in how your Church is run. To vote at the AVM or to stand for election onto our PCC you must be on the Electoral Roll of the Church.
## _**Electoral Roll Officer – Tony Berry**_
4
## **Attendance**
The average weekly attendance at St John’s, counted during October 2023 was 174 _**.**_ There were an average of 80 views of the services put our each Sunday during October.
We conducted the following: 10 Baptisms, 0 Marriages, 12 Funerals in the Church of conducted elsewhere, eg: Crematorium.
||**St. John’s – Resident**|**Non-Resident**|**Total**|
|---|---|---|---|
|2021|99|175|274|
|2022|96|164|260|
|2023|98|165|263|
## **– ’ Church Wardens Report The Aims of St John s Church in 2023**
St John’s PCC is responsible for the upkeep and maintenance of the Parish Church building, a Church Community Centre and the mission and ministry of St John’s Church Family, located in and in relation to the estate of St John’s in north Colchester. As a resourcing church SJC has the aim of impacting the lives of those beyond the parish too with the vision of _‘ Following Jesus, loving people and transforming the world’_ .
On behalf of the PCC, I am grateful to all those who gave their time this year to enable the mission and ministry of St John’s Church to flourish. I am grateful to all who have quietly served in so many ways throughout the year – I really appreciate it. I want to thank all those who gave their money so generously to the work of St John’s Church in 2023 – thank you for your incredible generosity.
## _**Jeremaine Johnson – Church Warden**_
5
## **Financial review**
The annual accounts for 2023 record a total income increased to £395,795 (2022: £357,765). There was an increase in voluntary income to £340,171 (2022: £314,205), which included £20,327 grants received and Vat recovered on the church roof repairs. Rentals from the community centre & church family centre increased to £52,315 (2022: £41,826).
Tax recovered from Gift Aid and the Gift Aid Small Donations Scheme (GASDS) was £43,117, (£42,573 in 2022). Tax recovery remains a substantial contribution to the total income.
The year included exceptional expenditure on roof repairs of £56,189, resulting in total expenditure for the year of £437,864, compared to £366,783 in 2022. This included our parish share to the diocese of £109,890. On 31 December 2023, the principal balances were £51,024 in the general fund and £1,027,227 in the restricted fund. Overall, the accounts show a deficit of £ (41,535) compared with a deficit of £ (9,831) in 2022.
**Jeremaine Johnson Church Warden**
`25 March 2024`
pe[yCaug] **Alex Quayle Church Warden** `25 March 2024`
6
## **Independent examiner’s report to the Trustees of The Parochial Church Council of St John’s Church, Colchester**
I report to the charity trustees on my examination of the accounts of St John’s Church (‘the Charity’) for the year ended 31 December 2023 which are set out on pages 9 to 15.
## **Responsibilities and basis of report**
As the trustees of the Charity you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 (‘the Act’). You are satisfied that the accounts of the Charity are not required by charity law to be audited and have chosen instead to have an independent examination.
I report in respect of my examination of the accounts. I have carried out my examination under section 145 of the 2011 Act. In carrying out my examination I have followed the Directions given by the Charity Commission under section 145(5)(b) of the 2011 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, with respect to the Charity, were not kept as required by section 130 of the 2011 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.
This report is made solely to the Charity’s Trustees, as a body, in accordance with Part 4 of the Charities (Accounts and Reports) Regulations 2008. My work has been undertaken so that I might state to the Charity’s Trustees those matters I am required to state to them in an Independent examiners report and for no other purpose. To the fullest extent permitted by law, I do not accept or assume responsibility to anyone other than the Charity and the Charity’s Trustees as a body, for my work or this report.
………………………………….
## **Name: Giles Kerkham FCA DChA**
**Larking Gowen LLP Chartered Accountants 1 Claydon Business Park Ipswich IP6 0NL**
## **Date: 26 April 2024**
7
## **PAROCHIAL CHURCH COUNCIL OF ST JOHN'S, COLCHESTER**
## **STATEMENT OF FINANCIAL ACTIVITIES For the period ended 31st December 2023**
|**INCOME & ENDOWMENTS FROM:**
**Note**
Voluntary income (direct giving)
2(a)
Other voluntary income
2(b)
Charitable activities
2(c)
Other trading activities
2(d)
Investments
2(e)
**TOTAL INCOME & ENDOWMENTS**
**EXPENDITURE ON:**
Charitable activities:
Missionary and Charitable Giving
3(a)
Directly relating to the work of the church
3(b)
**TOTAL EXPENDITURE**
**NET GAINS/LOSSES ON INVESTMENTS**
Exceptional items
**NET INCOME/EXPENDITURE**
**Transfers between funds:**
Loans repaid
10
Other
**NET MOVEMENT IN FUNDS**
**RECONCILIATION OF FUNDS:**
BALANCES BROUGHT FORWARD AT
1 JANUARY 2023 (2022)
**BALANCES CARRIED FORWARD**
**At 31st December 2023**|**Unrestricted Restricted**
**TOTAL FUNDS**
**Funds**
**£**
**Funds**
**£**
**2023**
**£**
**2022**
**£**
247,984
630
248,614
250,829
200
91,357
91,557
63,376|
|---|---|
||248,184
91,987
340,171
314,205|
||54,852
0
54,852
43,304
0
0
0
0
549
183
732
256|
||**303,585**
**92,170**
**395,755**
**357,765**|
||17,192
51,317
68,509
48,377
313,312
56,043
369,355
318,406|
||**330,504**
**107,360**
**437,864**
**366,783**|
||0
574
574
(813)
0
0
0
0|
||0
574
574
(813)|
||**(26,919)**
**(14,616)**
**(41,535)**
**(9,831)**
(19,053)
19,053
0
0
622
(622)
0
0|
||**(45,350)**
**3,815**
**(41,535)**
**(9,831)**
**96,374**
**1,023,412**
**1,119,786**
**1,129,617**|
||**51,024**
**1,027,227**
**1,078,251**
**1,119,786**|
8
## **PAROCHIAL CHURCH COUNCIL OF ST JOHN'S, COLCHESTER**
## **BALANCE SHEET AT 31 DECEMBER 2023**
||**Note**|**2023**|**2022**|
|---|---|---|---|
|||**£**|**£**|
|**FIXED ASSETS**||||
|Tangible assets|5(a)|1,022,281 1,047,489|1,022,281 1,047,489|
|Investments|5(b)|6,669|6,095|
|Total Fixed Assets||**1,028,950 1,053,584**|**1,028,950 1,053,584**|
|**CURRENT ASSETS**||||
|Debtors|7|3,190|6,061|
|Short term deposits||48,397|77,848|
|Cash at bank and in hand||26,783|26,783
46,238|
|||**78,370**|**78,370**
**130,147**|
|**CREDITORS: AMOUNTS FALLING**||||
|**DUE WITHIN ONE YEAR**|8|**(29,069)**|**(39,460)**|
|**NET CURRENT ASSETS**||49,301|90,687|
|**TOTAL ASSETS LESS CURRENT LIABILITIES**||1,078,251 1,144,271|1,078,251 1,144,271|
|**Creditors: amounts falling due after more than one year**|9|**0**|**(24,485)**|
|**NET ASSETS**||**1,078,251 **|**1,119,786**|
|**FUNDS**||||
|Unrestricted||51,024|96,374|
|Restricted|10|1,027,227|1,023,412|
|||**1,078,251 1,119,786**|**1,078,251 1,119,786**|
Approved by the Parochial Church Council on Monday 25th March 2024 and signed on its behalf by:
**----- Start of picture text -----**
Pe [¥Caugh]
**----- End of picture text -----**
**Jeremaine Johnson Alex Quayle Church Warden Church Warden**
The accompanying notes form part of these accounts.
9
## PAROCHIAL CHURCH COUNCIL ST JOHN’S, COLCHESTER
## **Notes to the Financial Statements for the Year Ended 31 December 2023**
## 1. **Accounting Policies**
The financial statements have been prepared under the Church Accounting Regulations 2006 in accordance with applicable accounting standards and the current Statement of Recommended Practice, Accounting and Reporting by Charities and applicable accounting standard FRS 102. The financial statements have been prepared to give a ‘true and fair’ view and have departed from the Charities ( Accounts and Reports) Regulations 2008 only to the extent required to provide a “true and fair? view. This departure has involved following SORP 2015 (FRS 102) rather than the Accounting and Reporting by Charities: Statement of Recommended Practice effective from 1 April 2005 which has since been withdrawn.
The financial statements have been prepared under the historical cost convention, except for the valuation of investment assets, which are shown at market value.
The charity meets the definition of a public benefit entity under FRS102.
## **Funds**
General funds represent the funds of the PCC that are not subject to any restrictions regarding their use and are available for application on the general purposes of the PCC. Funds designated for a particular purpose by the PCC are also unrestricted.
Restricted funds are those funds that must be spent on restricted purposes, and details of the funds held and restrictions are provided in note 9.
The accounts include all transactions, assets and liabilities for which the PCC is responsible in law, they do not include the accounts of church groups that owe their main affiliation to another body, nor those that are informal gatherings of Church members.
## **Incoming Resources**
_Voluntary Income and Capital Sources_
Collections are recognised when received by or on behalf of the PCC.
Planned giving receivable under Gift Aid is recognised only when received.
Income tax recoverable on gift aid donations is recognised when the income is recognised.
Grants and legacies to the PCC are accounted for as soon as the PCC is notified of its legal entitlement, the amount due is quantifiable and its ultimate receipt by the PCC is reasonably certain.
Funds raised by fetes, garden parties and similar events are accounted for gross.
Sales of books and magazines from the Church Bookstall are accounted for gross.
## _Other Ordinary Income_
Rental income from the letting of Church premises is recognised when the rental is due. _Income from investments_
Dividends and interest are accounted for when receivable. Tax recoverable on such income is recognised in the same accounting year.
## _Gains and Losses on Investments_
Realised gains or losses are recognised when investments are sold.
Unrealised gains or losses are accounted for on revaluation of investments at 31 December.
## **Resources Used**
## _Grants_
Grants and donations are accounted for when paid over, or when awarded, if that award creates a binding obligation on the PCC.
_Activities directly relating to the work of the Church_
The diocesan quota or parish share is accounted for when payable. Any quota unpaid at 31 December is provided for in these accounts as an operational (though not a legal) liability, and is shown as a creditor in the Balance Sheet.
## **Fixed Assets**
_Consecrated Land and Buildings and Movable Church Furnishings_
Consecrated and beneficed property is excluded from the accounts by section 10(2)(a) and (c) of the Charities Act 2011. Movable church furnishings held by the Vicar and Churchwardens on special trust for the PCC, and which require a faculty for disposal, are accounted as inalienable property unless consecrated. They are listed in the Church’s Inventory which can be inspected (at any reasonable time). For inalienable property acquired prior to (2000) there is insufficient cost information available and therefore such assets are not valued in the accounts. Items acquired since 1 January (2000) have been capitalized and depreciated in the accounts over their currently anticipated useful economic life (initially over 10 years) on a straight-line basis.
## _Other Fixtures, Fittings and Office Equipment_
Equipment used within the church premises is depreciated on a reducing balance basis over 4 years, and buildings at 2% on a straight line basis per annum. Individual items of equipment with a purchase price of £2,500 or less are written off when the asset is acquired.
## _Investments_
Investments are valued at market value at 31 December. Investment in subsidiary companies is stated at cost less provision for permanent diminution in value. Dividends are brought to income resources when received
## _Current Assets_
Amounts owing to the PCC on 31 December in respect of fees, rents or other income are shown as debtors less provision for amounts that may prove uncollectable.
Short-term deposits include cash held on deposit, either with the CBF Church of England Funds, or at the bank.
10
## **PAROCHIAL CHURCH COUNCIL OF ST JOHN'S, COLCHESTER**
## **Notes to the Financial Statements**
**For the period ended 31st December 2023**
|**2INCOMING RESOURCES**
2(a)
**Voluntary income (direct giving)**
Planned giving:
Gift Aid
Income tax recoverable on gift aid
Other giving
Collections
Sundry donations
[2022: Restricted £115, Unrestricted £250,714, Total £250,829]
2(b)
**Other voluntary income**
Donations, appeals, etc.
Income tax recoverable
Government grants
Legacies
[2022: Restricted £61,376, Unrestricted £2,000, Total £63,376]
2(c)
**Charitable activities**
Church community centre income etc.
Events
Fees - other
[2022: Restricted £0, Unrestricted £43,304, Total £43,304]
2(d)
**Other trading activities**
2(e)
**Investments**
Dividends and interest including
any reclaimed tax
[2022: Restricted £181, Unrestricted £75 Total £256]
**TOTAL INCOME & ENDOWMENTS**
[2022: Restricted £61,672, Unrestricted £296,093, Total £357,765]||**TOTAL FUNDS**
**2023**
**2022**
**£**
**£**
156,337
147,798
41,052
40,449
630
-
5,529
5,716
45,066
56,866|
|---|---|---|
|||
**248,614**
**250,829**|
|||
79,375
53,252
2,065
2,124
9,917
6,000
200
2,000|
|||
**91,557**
**63,376**|
|||
52,315
41,826
1,775
1,430
762
48|
|||**54,852**
**43,304**|
||||
|||**-**
**-**|
|||732
256|
|||**732**
**256 **|
||||
|||**395,755**
**357,765**|
||||
11
## **PAROCHIAL CHURCH COUNCIL OF ST JOHN'S, COLCHESTER**
**Notes to the Financial Statements (continued) For the period ended 31st December 2023**
|**3 Resources used**
3(a)
Grants
Missionary and charitable giving:
Church overseas:
- Missionary societies and charitable giving
Home missions and other Church Societies:
Parish mission
Mission partnership
C7
Romania mission trip expenses
Other
[2022: Restricted £32,718, Unrestricted £15,659, Total £48,377]
3(b)
Activities directly relating to the work of the Church
Ministry: diocesan quota
clergy expenses
Church - running expenses
Independent Examination fees
Church maintenance
Church roof repairs
Training
Church community centre running costs
Mortgage Interest
Salaries
[2022: Restricted £27,997, Unrestricted £290,409, Total £318,406]
**Total Resources Used**
[2022: Restricted £60,715, Unrestricted £306,068, Total £366,783]
4
**Total Staff Costs**
Wages and salaries
Social security costs
Pension costs
Average number of paid staff
During 2023 the PCC employed no staff earning over £60,000
No employee benefits were received by key management personnel.
Salaries paid to members of staff having connections with the PCC:
**2023**
**2022**
Mrs M Read (wife of PCC member)
£
9,093
£
10,856
Ms C Luxton (PCC member)
£
28,288
£
27,140
Mrs J Roberts (wife of PCC member)
£
12,046
£
12,622
E Darby (PCC member)
£
14,144
£
13,922
W Darby
£
-
£
4,466|**TOTAL FUNDS**
**2023**
**2022**
**£**
**£**
0
0
4,310
5,009
12,677
10,190
11,630
13,310
32,385
12,602
7,507
7,266|
|---|---|
||**68,509**
**48,377**|
||
109,890
121,311
2,033
2,128
25,441
24,555
1,625
1,600
51,862
44,284
56,189
0
1,062
2,472
19,309
23,876
1,100
1,989
100,844
96,191|
||
**369,355**
**318,406**|
||
**437,864**
**366,783**|
||
**2023**
**2022**
94,001
90,072
5,490
4,765
1,353
1,354|
||
**100,844**
**96,191**|
||
6
6|
||
|
No further payments or expenses were paid to any other PCC member, person connected with them or related party.
12
## **PAROCHIAL CHURCH COUNCIL OF ST JOHN'S, COLCHESTER**
**Notes to the Financial Statements (continued) For the period ended 31st December 2023**
|5
5(a)
**Fixed Assets for use by the PCC**
**Tangible fixed assets**
**Gross Book Value**at 1 January 2023
Additions
Disposals
at 31 December 2023
**Depreciation**
at 1 January 2023
Charge for year
Disposals
at 31 December 2023
**Net Book Value**
at 31 December 2023
at 31 December 2022|**Land and**
**Buildings**
**£**
**Computers**
**& Equipment**
**£**
**Total**
**£**
1,394,947
23,929
1,418,876
0
979
979
0
0
0|
|---|---|
||1,394,947
24,908
1,419,855|
||348,251
23,136
371,387
25,744
443
26,187
0
0
0|
||373,995
23,579
397,574|
|||
||**1,020,952**
**1,329**
**1,022,281**|
|||
||**1,046,696**
**793**
**1,047,489**|
The freehold land and buildings comprises the church community centre and associated land. Freehold land costing £120,000 (2022: £120,000) is not depreciated.
Our current mortgage stands at £24,461 (2022: £60,510).
|5
**Investments for use by the PCC**
5(b)
**Investments**
Cost
At 1 January 2023
Additions
Revaluation
Disposals
At 31 December 2023|**Listed**
**Investments**
6,095
0
574
0
6,669|**Total**
6,095
0
574
0|
|---|---|---|
|||6,669|
Listed investments are 295 shares in the CBF's Investment Fund in trust - Dividends for the benefit of the CM
13
6
9
7
8
10
|**Analysis of net assets by fund**
Fixed assets
Investments
Current Assets
Current Liabilities
Liabilities greater than 1 Year
Cash at bank
**Fund Balance at 31 December 2023**
Fixed assets
Investments
Current Assets
Current Liabilities
Liabilities greater than 1 Year
Cash at bank
**Fund Balance at 31 December 2022**
**Debtors**
Income tax recoverable
Other debtors
Prepayments & accrued income
**Liabilities: Amounts falling due within one year**
Loans
Trade creditors
Accruals and deferred income
Other creditors
**Liabilities: Amounts falling due more than one ye**
Loans
**Restricted Fund Details**
Land and Buildings Church community centre
Computers and Equipment
Investments
Antioch Fund
Other
C7
Church roof repairs
Men in sheds
Romania Mission & foodbank
Loans
Land and Buildings Church community centre
Computers and Equipment
Investments
Antioch Fund
Other
C7
Church roof repairs
Men in sheds
Romania Mission & foodbank
Loans|**2023**
**Unrestricted**
**Funds**
**Restricted**
**Funds**
**£**
**£**
0
1,022,281
0
6,669
6,061
0
(4,608)
(24,461)
0
0
49,571
22,738
**51,024**
**1,027,227**
**2022**
**Unrestricted**
**Funds**
**Restricted**
**Funds**
**£**
**£**
0
1,047,489
0
6,095
6,061
0
(3,435)
(36,025)
0
(24,485)
93,747
30,339
**96,373**
**1,023,413**
**ar**
**2022**
**Income**
**Expenses**
**£**
**£**
**£**
1,046,696
0
(25,744)
793
0
(443)
6,095
574
0
0
630
(630)
876
9,029
(2,536)
3,663
11,541
(11,630)
8,300
20,456
(28,756)
6,000
0
(4,136)
11,500
32,418
(32,385)
(60,510)
18,096
(1,100)|**Unrestricted**
**Funds**
**Restricted**
**Funds**
**£**
**£**
0
1,022,281
0
6,669
6,061
0
(4,608)
(24,461)
0
0
49,571
22,738|**Unrestricted**
**Funds**
**Restricted**
**Funds**
**£**
**£**
0
1,022,281
0
6,669
6,061
0
(4,608)
(24,461)
0
0
49,571
22,738|**Endowment**
**Funds**
**£**
0
0
0
0
0
0|**Total**
**£**
1,022,281
6,669
6,061
(29,069)
0
72,309|
|---|---|---|---|---|---|
|||**51,024**
**1,027,227**||**0**|**1,078,251**|
|||**Unrestricted**
**Funds**
**Restricted**
**Funds**
**£**
**£**
0
1,047,489
0
6,095
6,061
0
(3,435)
(36,025)
0
(24,485)
93,747
30,339||**Endowment**
**Funds**
**£**
0
0
0
0
0
0|**Total**
**£**
1,047,489
6,095
6,061
(39,460)
(24,485)
124,086|
|||**96,373**
**1,023,413**||**0**|**1,119,786**|
|||||**2023**
**£**
3,190
0
0|**2022**
**£**
2,778
3,283
0|
|||||**3,190**|**6,061**|
|||||
(24,461)
0
(1,650)
(2,958)|(36,025)
0
(1,625)
(1,810)|
|||||
**(29,069)**|**(39,460)**|
|||||0|(24,485)
**(24,485)**|
|||||**0**
**Transfers**
**£**
0
979
0
0
(1,602)
0
0
0
0
19,053||
||||||**2023**
**£**
1,020,952
1,329
6,669
0
5,767
3,574
0
1,864
11,533
(24,461)|
||**1,023,413**
**92,744**
**(107,360)**|||**18,430**|**1,027,227**|
||**2021**
**Income**
**Expenses**
**£**
**£**
**£**
1,072,440
0
(25,744)
957
0
(264)
6,908 -
632
0
0
115
(115)
876
1,180
(2,030)
5,369
11,604
(13,310)
6,500
1,800
0
0
6,000
0
6,255
22,927
(17,263)
(95,670)
17,865
(1,989)|||**Transfers**
**£**
0
100
-181
0
850
0
0
0
(419)
19284|**2022**
**£**
1,046,696
793
6,095
0
876
3,663
8,300
6,000
11,500
(60,510)|
||**1,003,635**
**60,859**
**(60,715)**|||**19,634**|**1,023,413**|
Transfers represent adjustments for subsidies from general funds, and timing between receipt and payment.
11
## **Contingent Liabilities**
There is a potential contingent liability in respect of a grant given by Surestart of £272,996 for the Church community centre building project. The liability extends for 25 years from the initial receipt of the grant in 2011, during which period there is a requirement that the usage of the facilities is for the provision of registered childcare for 25 years.
## **Reserves policy**
A target reserve of £90,000 is set to finance both day to day cash flow fluctuations, and to provide a contingency available for unexpected costs, in particular building repairs. Unrestricted funds at the year end £51,024 (2022: £96,374) are below this figure, due to exceptional roof repair costs £56,189 incurred during the year.
12
14