The Parish of Frindsbury with Upnor and Chattenden kALL SAINTS FRINDSBURY CHATTENDEN UPNOR WAINSCOTT LOVING- SERVING-CHANGING Annual report and financial statements for the year ended 31 December 2023 Incumbent The Reverend Nicholas Cooper Frindsburyvicarage 4 Parsonage Lane Frindsbury Rochester Kent, ME2 4UR Registered charity number 1127928 www.allsaintsfrindsbury.org.uk
The Parish of Frindsbury with Upnor and Chattenden Annual Report for the year ended 31 December2023 The report ofthe PCC has been prepared in accordance with the financial reporting standard for smaller entities leffective January 20051 OUR PARISH VISION Our focus as a Church remains summarised in our statement of purpose: 'Loving- Serving- Changing,. Governance and Membership as at 31 December 2023 Members ofthe PCC are either ex-officio or elected at theAnnual Parochial Church Meetin& The members ofthe PCC are the trustees ofthe charity. Vicar: The Reverend Nicholas Cooper lex officiol Churchwardens: Carol Gravestock and Janet Young were elected Churchwardens in April 2023. Deanery Synod representative& Janetyoung and Andrew Whiteley (both elected April 20231 LLMIReaders licensed to the Parish: Judith Armitt, Judy Carr, Carole Morrad lexofficiol Elected members: Jennifer Barnard, John Bloomfield, Catherine Heffernan, Jane Hughes, Robert Mayhew, Nannette McAleer, Alison Mings (Treasurer), Peter Robbins, Victoria Webster, Elizabeth Williams (all elected April 20231. Susan Nicol (elected May 20231 Pioneer Minister: The Reverend Sue Vallente-Kerr The following are not voting members or trustees but in are attendance andlor receipt of papers: PCC Secretary: Sue Jones The responsibility of members of the PCC as Trustees remains unchanged, ensuring that it is solvent, well run and deliveri ng its charitable purposes. The PCC met 7times during 2023 with an average attendance of 740h. The PCC has a Standing Committee which meets to transact minor business between the PCC meetings. A new Electoral Roll was prepared in April 2023 and numbered 104.
Risk Management All reports received by the PCC from its subcommittees are required to identify and highlight any health and safety risks and implications for safeguarding practice. The PCC follows the guidelines for Serious Incident Reporting to the Charity Commission and National SafeguardingTeam. Safeguarding Following the introduction of the Safeguarding and Clergy Discipline Measure 2016: Vicki Webster continued in her role as Parish Safeguarding Officer. The PCC has complied with the duty under section 5 of the Safeguarding and Clergy Discipline Measure 2016 (duty to have due regard to House of Bishops, guidance on safeguarding children and vulnerable adults) at the appropriate dates of the Measure coming into force. The PCC adopted the House of Bishops'Promoting a Safer Church, safeguarding policy statement. All reports received by the PCC from its subcommittees are required to identify and highlight any safeguarding risks. During the year the PCC Safeguarding subcommittee continued to highlight the importance of safeguarding, to review our practice, to make recommendations and arrange training In Novemberwe took part in Safeguarding Sunday. General Data Protection Regulations Data continues to be stored under the consents granted.
A Brief Summary of theyear OurAnnual Parochial Church Meetingand Election of Churchwardenswas held in All Saints Church on Sunday30Apri12023. During 2023 our pattern ofworship continued with 2 service& 8.30am at St Philip & St James, Upnor and 10.00am atAII Saints, Frindsbury. Services at 10.00am continued to be live-streamed and materials were sent to those worshipping at home. Duringthe season of'ordinary time, we followed a sermon series on discipleship. In October, we were pleased to hosL and take part in, the annual service for Kent Black History Association in All Saints Church. Our regular activities and events (including Concerts and Christmas Fayre, Tower Ringing and Handbell Ringing) continued thisyear. Ministry to young families continued with monthly meeti ngs through Up41t led by Pioneer Minister, Sue Vallente-Kerr. She also visited schools for assemblies and lessons. Local pri mary schools took part in a Natlvlty Festival aimed at KS2 classes and All Saints Church hosted Christmas services for schools. At Christmas, Pioneer Minister, Sue Vallente-Kerr organised hamper deliveries for families in need ofsome extra help. The Pastoral Team continued to contact those in our congregation who are elderly and living on their own and the team resumed Home Communions to housebound parishioners and nursing and residential homes. Our annual Service of Remembrance and Thanksgiving for Loved Ones Departed, for families recently bereaved, was held in November. it was well attended and appreciated by those who came. The Prayer Chain team continues to meet and is co-ordinated with care and compassion. Little Lights a group for babies and toddlers with parents and carer4 met weekly on Tuesdays for activities, toys, Bible story and singi ng. The parish walk continued to take part on a monthly basis and was well attended. Pilgrims Pantry, our drop-ln café continued on Tuesday mornings welcoming regular visitors from the church and community. All Saints Craft Group met monthly withi n Pilgrims, Pantry. Pilgrims Pantry took part in the annual fundraising coffee morning event supporting Macmillan. Upchat Café - intergenerational café at St Phili p & St James- continued to meet on Friday mornings The Ecochurch group continued to meet monthly and organised 3 Clothes Swap Events for 2023, one to co-ordinate with Caring for God's Acre fortnight. Donations raised from the February event Iwhich included a Christmas GiftAmnesty Tombolal raised funds to twin the toiletsAII Saints and
St Philip & St James with latrines in the Democratic Republic of Congo through the Tearfund toilet twinning scheme. Home Groups met through the year, forfortnightly Bible study, includinga 6 week Lent Course, based on Emma Ineson's course, Failure, and a study on the disciples. PCC is grateful to the Parish Hall team undertaking the bookings and co-ordination of maintenance. In 2023 i n the parish we conducted 3 Baptisms, 2 Thanksgivingfor the Gift of a Child, 23 funerals and 9 Interment ofAshes. We continue to bethankful for: Church members, faithful financial support Church members, active participation in worship and music by the All Sai nts Singers and church musicians. Young families who have become regular members ofthe congregation. The support and work by those who maintain our buildings and churchyard. Buildings and Churchyard The Buildings and Churchyard team met with the new churchwardens in September to prioritise buildingwork& An assessment re RAAC was carried out on the Parish Hall but no further action was needed. The Archdeacon's Visitation took place in June and a certificate of i nspection was received for both churches. All Saints Regular maintenance work was undertaken including the seNicing offire extinguishers, building alarm and PAT testing. Permission was granted to pollard the lime trees along Church Green Iwork to take place January 20241 Permission was given to remove a limb which had fallen from an ash tree in the Old Churchyard IconseNation areal Work took place to repair parts of the flooring in church. A faculty application was sent for the disposal of the triptych and coat of arms St Philip & St James Regular mai ntenance work was undertaken including the seNicing of fire extinguishers and PAT testing. Pruning work was carried out on an oak tree Ipermission granted 20221
Financial Statements for the Year ended 31 December 2023
Financial Summary
The accounts for 2023 show that for the 12 months to the end of December there was a surplus on the parish accounts of £8,209 before taking account of the movement in value of the endowment investments. A gain on the valuation of the investments of £8,649 resulted in an overall surplus of £16,858.
Detailed explanation of the full year results
Income from unrestricted funds was above expectations mainly due to a successful trading year for the parish hall. The General fund generated a shortfall of £1,847 while the parish hall made a surplus of £9,207.
The figure for planned giving is very encouraging in the current circumstances and I am grateful to all those who have continued to give by standing order as well as to those who have set up new standing orders.
The Parish Hall had a successful year with income totalling £26,777 from regular hirers and casual bookings. The increased use of the hall by other community organisations as well as for private events reflects the efforts of the parish hall management team.
General fund costs of £118,917 are £1,751 higher than 2022 mainly due to higher running costs in particular higher utility bills and administration costs.
Reserves
Unrestricted cash reserves available to spend now increased by some £9,500 to £59,575. These are available to cover future costs of repairs and maintenance to our churches and parish hall as well as future shortfalls in income. It is the PCC’s policy to maintain unrestricted reserves sufficient to fund three months expenditure.
The Parish holds £5,343 of restricted reserves and £121,652 of endowment reserves.
Funds not required immediately are invested in either the Diocesan General Deposit Account, the CBF Church of England Deposit fund, the CBF Church of England Investment Fund or the COIF Investment Fund managed by CCLA Investment Management Ltd.
Financial statements prepared by Alison Mings ACMA, CGMA (treasurer)
1
S tatement of Financial Activities for the year ended 31 December 2023
| Note Income and Endowments Voluntary income 2(a) Activities for generating funds 2(b) Income from investments 2(c) Income from church activities 2(d) Other incoming resources 2(e) Total income Expenditure Church activities 3(a) Generation of voluntary income 3(b) Total expenditure Net income / (expenditure) before investment gains Net gains/(losses) on investments 5(b) Net income / (expenditure) Transfer between funds Net movement in funds Total funds brought forward Total funds carried forward |
Unrestricted Restricted Endowment Total Funds Funds Funds Funds 2023 2022 £ £ £ £ £ 79,055 0 79,055 75,065 3,476 3,476 5,923 4,818 4,818 3,168 38,291 38,291 33,736 1,242 1,396 2,638 4,475 |
|---|---|
| 126,882 1,396 0 128,278 122,368 |
|
| 118,872 1,152 120,024 118,496 45 45 124 |
|
| 118,917 1,152 0 120,069 118,621 |
|
| 7,965 244 0 8,209 3,747 8,649 8,649 -12,313 |
|
| 7,965 244 8,649 16,858 -8,566 0 0 0 |
|
| 7,965 244 8,649 16,858 -8,566 690,988 5,098 113,003 809,089 817,654 |
|
| 698,953 5,343 121,652 825,948 809,089 |
2
Balance Sheet as at 31 December 2023
| Notes Fixed assets Tangible 6(a) Investments 6(b) Current assets Debtors and prepayments 7 Short term deposits 8(a) Cash at bank and in hand 8(b) Liabilities Creditors: amounts falling due in one year 9 Net current assets Total net assets Parish funds 10-15 Unrestricted Restricted Endowment |
Unrestricted Restricted Endowment Total Funds Funds Funds Funds 2023 2022 £ £ £ £ £ 625,705 - 625,705 629,622 101,351 101,351 92,701 |
|---|---|
| 625,705 - 101,351 727,056 722,324 |
|
| 18,428 18,428 15,576 48,556 - 20,301 68,857 47,756 11,019 5,343 16,362 27,232 |
|
| 78,003 5,343 20,301 103,647 90,563 |
|
| 4,755 - 4,755 3,798 |
|
| 73,248 5,343 20,301 98,892 86,765 |
|
| 698,953 5,343 121,652 825,948 809,089 |
|
| 698,953 698,953 690,987 5,343 5,343 22,419 121,652 121,652 95,683 |
|
| 698,953 5,343 121,652 825,948 809,089 |
Approved by the Parochial Church Council on 19 March 2024 and signed on its behalf by:
Rev Nicholas Cooper, Vicar
3
The notes on pages 5 to 14 form part of these accounts.
Notes to the Financial Statements
1. Accounting policies
Basis of preparation
The PCC is a public benefit entity within the meaning of FRS102. The financial statements have been prepared under the Charities Act 2011 and in accordance with the Church Accounting Regulations 2006, governing the individual accounts of PCCs, and with the Regulations’ “true and fair view” provisions, together with FRS102 (2016) as the applicable accounting standards and the 2016 version of the Statement of Recommended Practice, Accounting and Reporting by Charities (SORP(FRS102)).
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 financial statements 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 affiliation to another body, nor those that are informal gatherings of church members.
Funds
Unrestricted funds
These represent the income funds of the PCC that are available for spending on the general purposes of the PCC, including amounts designated by the PCC for fixed assets for its own use or for spending on a future project.
Restricted funds
These are income funds that must be spent on restricted purposes.
Endowment funds
These are restricted funds that must be retained as trust capital either permanently or subject to a discretionary power to spend capital as income, and where the use of any income or other benefit derived from the capital may be restricted or unrestricted.
4
Notes to the Financial Statements continued.
Recognition of income and endowments
Income
Planned giving, collections and donations are recognised when received. Tax refunds are recognised when the income to which they relate is received. Grants and legacies are accounted for when the PCC is legally entitled to the amounts due. Dividends are accounted for when receivable, interest is accrued. All other income is recognised when it is receivable. All incoming resources are accounted for gross.
Expenditure
Grants and donations are accounted for when paid over, or when awarded, if that award creates a binding obligation on the PCC. The diocesan Parish share is accounted for when due. All other expenditure is recognised when it is incurred and is accounted for gross.
Assets
Consecrated and beneficial property of any kind is excluded from the accounts by Section 10(2) (a) and (c) of the Charities Act 2011.
Depreciation on fixed asset properties has not been provided in these accounts as any charge is not considered material, on the basis that the asset has either, a very long useful life; or a residual value, based on its current value, which is not materially different from its carrying value.
Moveable church furnishings held by the churchwardens on special trust for the PCC and which require a faculty for disposal, are inalienable property, listed in the church’s inventory which can be inspected (at any reasonable time). No inalienable property was acquired in 2022 and 2023.
All expenditure incurred in the year on consecrated or beneficed buildings or on the repair of moveable church furnishings is written off.
Investments are valued at market value at the year end.
5
Notes to the Financial Statements continued.
Short term deposits include cash held on deposit either with the CBF Church of England Funds, with the Diocese or at HSBC bank.
Individual items of equipment with a purchase price of £500 or less are written off when the asset is acquired. The organs at All Saints and Upnor are being depreciated on a straight-line basis over 25 years and equipment used within the church premises on a straightline basis over 4 years. Parish hall fixtures and fittings are being depreciated over 10 years on a straight-line basis.
6
Notes to the Financial Statements continued.
| 2 Income and endowments 2(a) Voluntary income Collections and giving GAYE Tax recoverable Donations, appeals, etc Legacies Grants 2(b) Activities for generating funds Fund raising 2(c) Income from investments Dividends and interest 2(d) Income from church activities Church hall lettings Other church activities Fees for weddings and funerals 2(e) Other incoming resources Insurance claim Other parish income Total Income |
Unrestricted Restricted Endowment Total Funds Unrestricted Restricted Endowment Total Funds Funds Funds Funds 2023 Funds Funds Funds 2022 £ £ £ £ £ £ £ £ 60,720 60,720 54,036 54,036 150 150 550 550 15,974 0 15,974 12,558 0 12,558 1,212 0 1,212 4,097 275 4,372 1,000 1,000 0 0 0 0 0 3,549 0 3,549 |
|---|---|
| 79,055 0 0 79,055 74,790 275 0 75,065 |
|
| 3,476 3,476 5,923 5,923 |
|
| 3,476 0 0 3,476 5,923 0 0 5,923 |
|
4,818 4,818 3,168 3,168 |
|
| 4,818 0 0 4,818 3,168 0 0 3,168 |
|
| 26,583 26,583 24,433 24,433 2,474 2,474 1,419 1,419 9,234 9,234 7,884 7,884 |
|
| 38,291 0 0 38,291 33,736 0 0 33,736 |
|
| 0 0 3,016 3,016 1,242 1,396 2,638 187 1,272 1,459 |
|
| 1,242 1,396 0 2,638 3,203 1,272 0 4,475 |
|
| 126,882 1,396 0 128,278 120,821 1,547 0 122,368 |
7
Notes to the Financial Statements continued.
| 3 Expenditure 3 (a) Church activities Missionary and charitable giving Tearfund General Ministry: diocesan parish share Other ministry costs Church running and maintenance Church hall running costs Depreciation of church equipment and hall fixtures and fittings Upkeep of churchyard Mission and youth work Administration costs Other expenses 3 (b) Raising funds Generation of voluntary income Total resources expended |
Unrestricted Restricted Endowment Total Funds Unrestricted Restricted Endowment Total Funds Funds Funds Funds 2023 Funds Funds Funds 2022 £ £ £ £ £ £ £ £ 981 981 3,078 3,078 140 140 0 0 |
|---|---|
| 1,121 0 0 1,121 3,078 0 0 3,078 |
|
| 52,837 52,837 52,891 52,891 4,922 4,922 6,336 6,336 21,497 21,497 18,963 0 18,963 15,601 15,601 14,727 14,727 3,917 3,917 3,917 3,917 3,512 3,512 2,756 2,756 253 253 822 0 822 15,191 1,152 16,342 13,675 1,330 15,006 20 20 0 0 0 |
|
| 118,872 1,152 0 120,024 117,166 1,330 0 118,496 |
|
| 45 45 124 124 |
|
| 118,917 1,152 0 120,069 117,290 1,330 0 121,699 |
8
Notes to the Financial Statements continued.
4 Staff Costs
| Staff Costs | ||
|---|---|---|
| 2023 | 2022 | |
| wages and salaries | £15,005 | £13,529 |
| Average no. of employees | 2 | 2 |
The PCC employs a Parish administrator and hall cleaner, both part-time. During 2023 the parish administrator was enrolled into the NEST pension scheme. Their salary costs include employer contributions.
5 Related parties
There is nothing to report for related parties .
6 Fixed assets
| 6(a) Tangible Cost of valuation At 1 January 2023 Additions at cost At 31 December 2023 Depreciation At 1 January 2023 Charge for the year At 31 December 2023 Net Book Value At 31 December 2023 At 31 December 2022 |
(All unrestricted) Total Parish Hall Church Equipment Parish Hall Fixtures and Fittings £ £ £ £ 600,000 29,536 19,699 649,235 - |
|---|---|
| 600,000 29,536 19,699 649,235 |
|
| 15,673 3,940 19,613 1,948 1,970 3,917 |
|
| 17,621 5,910 23,530 |
|
| 600,000 11,916 13,789 625,705 |
|
| 600,000 13,863 15,759 629,622 |
Equipment includes a projector, organ, speakers, other music equipment, a safe and Wi-fi equipment at All Saints and St Philip and St James.
9
Notes to the Financial Statements continued.
| otes to the Financial Statements continued. | |
|---|---|
| 6(b) Investments (all endowment funds) Market value 1 January 2023 Annual revaluation Market value 31 December 2023 |
£ 92,701 8,649 |
| 101,351 |
7 Current assets
Debtors (Unrestricted funds)
| Income tax recoverable Other income due Prepayments |
2023 £ 14,552 809 3,067 18,428 |
2022 £ 12,000 812 2,764 |
|---|---|---|
| 15,576 |
| 8 Deposits and Cash Balances 8(a) Short term deposits 8(b) Cash in hand and at bank |
Unrestricted Restricted Endowment Total Unrestricted Restricted Endowment Total Funds Funds Funds 2023 Funds Funds Funds 2022 £ £ £ £ £ £ £ £ 48,556 20,301 68,857 27,453 20,303 47,756 11,019 5,343 16,362 22,462 4,770 - 27,232 |
|---|---|
| 59,5755,343 20,301 85,219 49,915 4,770 20,303 74,987 |
10
Notes to the Financial Statements continued.
9 Liabilities (Unrestricted funds)
| Amounts falling due within one year - Creditors for goods and services -Cash received in advance |
2023 £ 4,515 240 4,755 |
2022 £ 3,192 606 |
|---|---|---|
| 3,798 |
10 Restricted Funds
Restricted Funds in 2023 comprise the Hand Bell Ringers Fund, music funds, the Gavin Jupp Memorial Fund and AV Equipment.
11 Endowment Investment Funds
The Endowment Funds are managed by CCLA and comprise various funds set up in past years, which require income to be spent on the running costs of All Saints, St Phillip and St James and the churchyards.
£
CBF Income shares
| 131001137S Church Repair Anderson 131001138S L I Frindsbury Paine 131001193S Upnor Parish Room 131001212S MD (Bonham Pennistone Bourne) 131001192S Anderson 131001139S Anderson Endowment 131001523S Frindsbury QAB CBF Fixed Interest 131001025F Church Expenses |
10,986 32,280 1,628 6,420 5,516 5,516 2,328 499 |
|---|---|
| 65,173 |
11
Notes to the Financial Statements continued.
| COIF funds 247790001T S Fulkes Charity 325350001T Newlands Field Charity 279710001T Lesser Parish Field Charity 053820001T J Rich National School |
£ 2,858 20,262 12,165 893 |
|---|---|
| 36,177 |
Total Endowment funds
£101,351
12 Designated Funds
The PCC also holds £56,443 in designated funds in respect of the running of the parish hall and future repairs to the churches.
13 Fund Movements
Summary of fund movements
| Balance at 31 December 2022 Correction Adj re CCLA deposits Balance at 1 January 2023 Incoming resources Resources expended Investment gains Transfer between funds Balance at 31 December 2023 |
Unrestricted Funds Restricted funds Endowment funds Total General Designated £ £ £ £ £ 644,268 46,721 22,419 95,683 809,089 90 -90 0 -17,321 17,321 0 644,358 46,631 5,098 113,003 809,089 99,499 27,383 1,396 128,278 -101,347 -17,571 -1,152 -120,069 8,649 8,649 0 0 0 |
|---|---|
| 642,510 56,443 5,343 121,652 825,948 |
12
Notes to the Financial Statements continued.
14 Statement of cash flows
| Note Cash flows from operating activities: Net cash provided by (used in) operating activities 15 purchase of equipment purchase of fixtures and fittings Net cash provided by (used in) financing activities cash at the beginning of the period 8 cash at the end of the period 8 |
2023 2022 £ £ 10,232 7,615 0 0 0 0 |
2023 2022 £ £ 10,232 7,615 0 0 0 0 |
|---|---|---|
| 10,232 | 7,615 | |
| 74,987 67,369 85,219 74,987 |
15 Reconciliation of net income/(expenditure) to net cash flow from operating activities
| Note Net surplus / shortfall per the SOFA Adjustments for: Depreciation 6(a) (Gain) / loss on investments 6(b) (Increase) / decrease in debtors 7 Increase / (decrease) in creditors 9 Net cash provided by (used in) operating activities |
2023 £ 16,858 3,917 -8,649 -2,852 957 |
2022 £ -8,566 3,917 12,313 -1,121 1,072 |
|---|---|---|
| 10,232 | 7,615 |
13
CHARITY COMMISSION FOR ENGLAND AND WALES Independent examiner's report on the accounts Section A Independent Examiner's Report Report to the trusteesl members of THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF FRINDSBURY WITH UPNOR & CHAThENDEN On aGGounts for the year ended 31 December 2023 Charity no lif any) 117928 Set out on pagès I report to the trustees on my examination of the accounts of the above charily ('Ihe Trust.) for the year ended 3111212023. Responsibilities and basis of report As the charity's trustees, 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 2011 Act and in carrying out my examination, I have followed all the applicable Directions given by the Charity Cornmission under section 145{5)Ibl of the Act. Independent I have completed my examination. I confimi that no material matters have examiner's statement come to my attention in connection with the examination which gives me cause to believe that in, any material respect- the accounting records were not kept in accordan with section 130 of the Charities Act., or the accounts did not accord with the accounting records,. or the accounts did not comply with the applicable requirements concerning the form and conlent of accounts set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the accounls 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 Ihis report in order to enable a proper understanding of the accounts to be reached. e delete the words in the br8Gkets rf they do not apply. Signed: Date: Name: Relevant professional qualrfication{sl or body (if any)- AddTrs8: IER
Section B Disclosure Only complete if the examiner needs lo highlight material matters of concern (see CC32, Independent examination of charity accounts.. directions and guidance for examiners). Give here brief detsils of any items that the examiner wishes to disclose. IER