BRAMSHOTT & LIPHOOK PAROCHIAL CHURCH COCL ANNUAL REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST DECEMBER 2023
Page I BRAMSHOTT & LIPHOOK PAROCHIAL CHURCH COCL REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31ST DECEMBER 2023
Page 2
BRAMSHOTT & LIPHOOK
PAROCHIAL CHURCH COUNCIL
REPORT OF THE TRUSTEES
FOR THE YEAR ENDED 31ST DECEMBER 2023
(Continued)
Page 3 BRAMSHOTT & LIPHOOK PAROCHIAL CHURCH COCL REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31ST DECEMBER 2023 Continiied
Page 4 BRAMSHOTT & LIPHOOK PAROCHIAL CHURCH COCL REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31ST DECEMBER 2023 Continiied
Page 5 BRAMSHOTT & LIPHOOK PAROCHIAL CHURCH COCL REPORT OF THE TRUSTEES FOR THE YEAR EL44DED 31ST DECEMBER 2023 Continiied
Page 6
INDEPENDENT EXAMINER’S REPORT
TO THE MEMBERS OF THE
BRAMSHOTT & LIPHOOK
PAROCHIAL CHURCH COUNCIL
Independent examiner's report to the trustees of Bramshott & Liphook Parochial Church Council.
I report to the charity trustees on my examination of the accounts of the Bramshott & Liphook Parochial Church Council (the Trust) for the year ended 31st December 2023.
This report is made to the Trustees, as a body, in accordance with the terms of my engagement. My work has been undertaken so that I might carry out an Independent Examination of the financial statements in accordance with the Directions given by the Charity Commissioners. 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 for this report.
Responsibilities and basis of report
As the charity trustees of the Trust you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 ('the Act').
I report in respect of my examination of the Trust's accounts carried out under section 145 of the Act and in carrying out my examination I have followed all applicable Directions given by the Charity Commission under section 145(5)(b) of the Act.
Independent examiner's statement
I have completed my examination. I confirm that no material matters have come to my attention in connection with the examination giving me cause to believe that in any material respect:
-
accounting records were not kept in respect of the Trust as required by section 130 of the Act; or
-
the accounts do not accord with those records; or
-
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 confirm that there are no other matters to which your attention should be drawn to enable a proper understanding of the accounts to be reached.
Matthew Elkins FCA Knox Cropper LLP Chartered Accountants Office Suite 1, Haslemere House Lower Street Haslemere Surrey GU27 2PE
Date: .............................................
Page 7
BRAMSHOTT & LIPHOOK
PAROCHIAL CHURCH COUNCIL
STATEMENT OF FINANCIAL ACTIVITIES
FOR THE YEAR ENDED 31ST DECEMBER 2023
| 2023 | 2022 | |||||
|---|---|---|---|---|---|---|
| Unrestricted | Restricted | Endowment | Total | Total | ||
| Funds | Fund | Fund | Funds | Funds | ||
| Notes | £ | £ | £ | £ | £ | |
| INCOME AND ENDOWMENTS | ||||||
| FROM | ||||||
| Donations and legacies | 2 | 229,503 | 8,615 | - | 238,118 | 118,447 |
| Other trading activities | 3 | 37,344 | - | - | 37,344 | 39,657 |
| Investment income | 4 | 608 | - | - | 608 | 21 |
| _ | ______ | ______ | _ | _ | ||
| Total | 267,455 | 8,615 | - | 276,070 | 158,125 | |
| EXPENDITURE ON | ||||||
| Charitable activities | 5 | |||||
| Charitable | 155,950 | 12,941 | - | 168,891 | 163,900 | |
| _ | ______ | ______ | _ | _ | ||
| NET INCOME/(EXPENDITURE) | 111,505 | (4,326) | - | 107,179 | (5,775) | |
| RECONCILIATION OF FUNDS | ||||||
| Total funds brought forward | 6,485 | 181,854 | 2,000 | 190,339 | 196,114 | |
| _ | _ | ______ | _ | _ | ||
| TOTAL FUNDS CARRIED FORWARD | £117,990 _ |
£177,528 _ |
£2,000 ______ |
£297,518 _ |
£190,339 _ |
CONTINUING OPERATIONS
All income and expenditure has arisen from continuing activities.
Page 8
BRAMSHOTT & LIPHOOK
PAROCHIAL CHURCH COUNCIL
BALANCE SHEET
AS AT 31ST DECEMBER 2023
| 2023 | 2022 | ||
|---|---|---|---|
| Notes | £ | £ | |
| FIXED ASSETS | |||
| Tangible assets | 10 | 153,539 | 153,733 |
| CURRENT ASSETS | |||
| Debtors | 11 | 7,821 | 8,225 |
| Cash at bank | 145,964 | 42,176 | |
| _ | _ | ||
| 153,785 | 50,401 | ||
| CREDITORS | |||
| Amounts falling due within one year | 12 | (9,806) | (13,795) |
| _ | _ | ||
| NET CURRENT ASSETS | 143,979 | 36,606 | |
| _ | _ | ||
| TOTAL ASSETS LESS CURRENT | |||
| LIABILITIES | 297,518 | 190,339 | |
| _ | _ | ||
| NET ASSETS | £297,518 | £190,339 | |
| _ | _ | ||
| FUNDS | |||
| Unrestricted funds | 14 | 117,990 | 6,485 |
| Restricted funds | 177,528 | 181,854 | |
| Endowment funds | 2,000 | 2,000 | |
| _ | _ | ||
| TOTAL FUNDS | £297,518 _ |
£190,339 _ |
The financial statements were approved by the Board of Trustees on ……………………………. and were signed on its behalf by:
………………………………………….
Revd V Inglis-Jones
Page 9
BRAMSHOTT & LIPHOOK
PAROCHIAL CHURCH COUNCIL
NOTES TO THE ACCOUNTS
FOR THE YEAR ENDED 31ST DECEMBER 2023
1. ACCOUNTING POLICIES
Basis of preparing the financial statements
The financial statements of the charity, which is a public benefit entity under FRS 102, have been prepared in accordance with the Charities SORP (FRS 102) 'Accounting and Reporting by Charities: Statement of Recommended Practice’ applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102 March 2018) Second Edition issued in October 2019, Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Charities Act 2011. The financial statements have been prepared under the historical cost convention with the exception of investments which are included at market value, as modified by the revaluation of certain assets.
The Trustees consider that there are no uncertainties about the Charity’s ability to continue as a going concern.
Income
All income is recognised in the Statement of Financial Activities once the charity has entitlement to the funds, it is probable that the income will be received and the amount can be measured reliably.
Donations, Legacies and Collections
Collections are recognised when banked by or on behalf of the PCC. Planned giving receivable under Gift Aid is recognised only when received. Income tax recoverable on covenants or Gift Aid donations is recognised in the accounts when the gift is received. Grants and legacies are accounted for when the PCC is notified of its legal entitlement and the amount due is probable.
Other trading income
Parochial fees due to the PCC for weddings, etc. are accounted for on an event by event basis. Fundraising Activities are recognised when received.
Income from investments
Interest income is accounted for when received.
Expenditure
Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources.
Grants offered subject to conditions which have not been met at the year end date are noted as a commitment but not accrued as expenditure.
Page 10
BRAMSHOTT & LIPHOOK
PAROCHIAL CHURCH COUNCIL
NOTES TO THE ACCOUNTS
FOR THE YEAR ENDED 31ST DECEMBER 2023
(Continued)
1. ACCOUNTING POLICIES (continued)
Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Buildings - 2% on reducing balance Kitchenette - 5% in straight line
Consecrated and beneficed property of any kind is excluded from the accounts by section 10(2) to (4) of the Charities Act 2011.
Moveable church furnishings held by the Rector and Churchwardens on special trust for the PCC and for which require a faculty for disposal are inalienable property, listed in the church’s inventory, which can be inspected (at any reasonable time). Such items are not valued in the financial statements.
The proceeds of the sale of a portion of land sold in 2000 to the Diocese are recognised as endowment funds, and the interest due on this sum is treated as arising from the original endowment, the use of such accumulated interest is unrestricted and is apportioned pro-rata to the sale of the centre land fund.
The Church Centre, Link and Ark were built on land which was left within a restricted endowment such that it can only be used for church purposes, therefore the buildings asset value of £135,132 (2023 net value) can never be realised. It was allocated during 2008 into restricted funds.
Taxation
The charity is exempt from tax on its charitable activities.
Fund accounting
Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees.
Part of the unrestricted fund which the PCC has, at their discretion, set aside for a designated purpose. Designated funds are also used where donors have expressed a preference without imposing a trust. The funds so designated remain unrestricted since the PCC can remove the designation at any time
Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes.
Further explanation of the nature of each fund is included in the notes to the financial statements.
Page 11
BRAMSHOTT & LIPHOOK
PAROCHIAL CHURCH COUNCIL
NOTES TO THE ACCOUNTS
FOR THE YEAR ENDED 31ST DECEMBER 2023
(Continued)
Operating Leases
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged to the Statement of Financial Activities as incurred.
Critical Accounting Judgements and Key Sources of Estimation Uncertainty
Useful life of tangible fixed assets
The depreciation charge on tangible fixed assets is based on management’s estimate of useful life. This is subject to uncertainty and reviewed by management at each reporting date.
2. DONATIONS, LEGACIES AND COLLECTIONS
| 2023 | 2022 | ||
|---|---|---|---|
| £ | £ | ||
| Donations and legacies | 209,599 | 93,001 | |
| Gift Aid | 10,214 | 11,026 | |
| Collections and other giving | 18,305 | 9,670 | |
| Grants | - | 4,750 | |
| _ | _ | ||
| £238,118 | £118,447 | ||
| _ | _ | ||
| 3. | OTHER TRADING ACTIVITIES | ||
| Fees | 11,778 | 13,143 | |
| Other activities | 25,566 | 26,514 | |
| ______ | ______ | ||
| £37,344 | £39,657 | ||
| ______ | ______ | ||
| 4. | INVESTMENT INCOME | ||
| Other deposit account interest | £608 _____ |
£21 _____ |
Page 12
BRAMSHOTT & LIPHOOK
PAROCHIAL CHURCH COUNCIL
NOTES TO THE ACCOUNTS
FOR THE YEAR ENDED 31ST DECEMBER 2023
(Continued)
5. CHARITABLE ACTIVITIES COSTS
| Grant funding | Church | |||
|---|---|---|---|---|
| Direct costs | of activities | activities | ||
| (see note 6) | (see note 7) | (see note 8) | Totals | |
| £ | £ | £ | £ | |
| Charitable | £117,544 _ |
£9,228 ______ |
£45,620 ______ |
£172,392 _ |
6.
DIRECT COSTS RELATED TO WORK OF THE CHURCH
| 2023 | 2022 | ||
|---|---|---|---|
| £ | £ | ||
| Diocesan Parish Share | 79,938 | 79,938 | |
| Organist honorarium | 820 | 620 | |
| Cost of Services | 120 | 18 | |
| Ministry | 14,809 | 15,039 | |
| Centre Costs | 21,237 | 22,074 | |
| Outreach, education and training | 620 | 152 | |
| _ | _ | ||
| £117,544 | £117,841 | ||
| _ | _ | ||
| 7. | GRANTS PAYABLE | ||
| Charitable | £9,228 | £5,835 | |
| ______ | ______ | ||
| The total grants payable during the year was as follows: | |||
| Acorn Christian Foundation | 1,500 | 1,500 | |
| Papua Partners | - | 1,500 | |
| India Mission Giving | 1,500 | 2,740 | |
| Ukraine Christian Ministries | 1,500 | - | |
| Baxters African Children’s School | |||
| Educational Charitable Trust | 1,500 | - | |
| Hope Health Action | 1,500 | - | |
| Ian Andrews – Mission Giving | 1,061 | - | |
| Other | 667 | 95 | |
| ______ | ______ | ||
| £9,228 ______ |
£5,835 ______ |
Page 13
BRAMSHOTT & LIPHOOK
PAROCHIAL CHURCH COUNCIL
NOTES TO THE ACCOUNTS
FOR THE YEAR ENDED 31ST DECEMBER 2023
(Continued)
8. CHURCH ACTIVITIES
| CHURCH ACTIVITIES | |||
|---|---|---|---|
| Expenditure | Governance | ||
| related to Church | Costs | Totals | |
| £ | £ | £ | |
| Charitable | £40,470 | £1,650 | £42,120 |
| ______ | ______ | ______ | |
| Church Activities, included in the above, | |||
| are as follows: | |||
| 2023 | 2022 | ||
| Expenditure related to Church | £ | £ | |
| Insurance | 2,498 | 2,271 | |
| Church running expenses | 25,143 | 23,625 | |
| Upkeep of Churchyard | 6,876 | 7,934 | |
| Repairs and renewals | 3,670 | 2,592 | |
| Depreciation of tangible fixed assets | 3,933 | 3,802 | |
| ______ | ______ | ||
| £42,120 | £40,224 | ||
| ______ | ______ | ||
| Governance costs | |||
| Independent examination | £1,572 ______ |
£1,650 ______ |
9. STAFF COSTS, TRUSTEES’ REMUNERATION AND BENEFITS
| Gross wages Employer’s national insurance costs Employer’s pension contributions |
£ 23,594 - 481 _ £24,075 _ |
£ 27,508 - 481 _ £27,989 _ |
|---|---|---|
The average number of employees was 2, the full time equivalent was 2 (2022: 2 and 2).
The key management personnel are defined as the Trustees. There were no trustees’ remuneration or other benefits for their services as trustees for the year ended 31st December 2023. During the previous year one employee, N Bryant, became a trustee and continued to receive their normal salary for administrative and other roles for which they had already been engaged by the charity. Remuneration during this period when also acting as a trustee was a gross salary £18,875 and employer pension £347.
Trustees’ expenses
During the year ended 31st December 2023 (2022: £315) of expenses were reimbursed to trustees which had been incurred on behalf of the charity. No other payments or expenses were made to any other PCC member, persons closely connected to them, or related parties.
Page 14
BRAMSHOTT & LIPHOOK
PAROCHIAL CHURCH COUNCIL
NOTES TO THE ACCOUNTS
FOR THE YEAR ENDED 31ST DECEMBER 2023 (Continued)
10. TANGIBLE FIXED ASSETS
| Link and | ||||||||
|---|---|---|---|---|---|---|---|---|
| Ark | Centre | Chapel | Kitchenette | Totals |
||||
| £ | £ | £ | £ | £ | ||||
| COST | ||||||||
| At 1st January 2023 | 35,000 | 100,943 |
68,644 | 19,805 | 224,392 |
|||
| Additions | - | - |
- | 3,739 | 3,739 | |||
| ______ | ______ |
______ | ______ |
_ |
||||
| At 31st December 2023 | 35,000 | 100,943 |
68,644 | 23,544 | 228,131 |
|||
| ______ | ______ |
______ | ______ |
_ |
||||
| DEPRECIATION | ||||||||
| At 1st January 2023 | 18,512 | 27,967 |
20,220 | 3,960 | 70,659 | |||
| Charge for the year | 329 | 1,459 |
968 | 1,177 | 3,933 | |||
| ______ | ______ |
______ | ______ |
______ |
||||
| At 31st December 2023 | 18,841 | 29,426 |
21,188 | 5,137 | 74,592 | |||
| ______ | ______ |
______ | ______ |
______ |
||||
| NET BOOK VALUE | ||||||||
| At 31st December 2023 | £16,159 | £71,517 |
£47,456 | £18,407 |
£153,539 |
|||
| ______ | ______ | ______ | ______ |
______ | ||||
| At 31st December 2022 | £16,488 | £72,976 |
£48,424 | £15,845 |
£153,733 |
|||
| ______ | ______ | ______ | ______ |
______ | ||||
| 11. | DEBTORS | 2023 | 2022 | |||||
| £ | £ | |||||||
| Trade debtors | 2,573 | 5,348 | ||||||
| Loan – The Ark Pre School | - | 1,022 | ||||||
| Other debtors | 469 | 1,160 | ||||||
| Prepayments and accrued income | 4,779 | 695 | ||||||
| ______ | ______ |
|||||||
| £7,821 | £8,225 |
|||||||
| ______ | ______ | |||||||
| 12. | CREDITORS: AMOUNTS | FALLING | DUE WITHIN | ONE YEAR | ||||
| Trade creditors | 241 | 2,006 | ||||||
| Other creditors | 2,890 | 1,343 | ||||||
| Accruals | 6,675 | 10,446 |
||||||
| ______ | ______ |
|||||||
| £9,806 ______ |
£13,795 ______ |
Page 15
BRAMSHOTT & LIPHOOK
PAROCHIAL CHURCH COUNCIL
NOTES TO THE ACCOUNTS
FOR THE YEAR ENDED 31ST DECEMBER 2023 (Continued)
13. MOVEMENT IN FUNDS
| 2023 | Net Movement | Net Movement | |||||
|---|---|---|---|---|---|---|---|
| At 01.01.23 | in Funds | At 31.12.23 | |||||
| Unrestricted funds | 6,485 | 111,505 | 111,505 | ||||
| Restricted funds | 181,854 | (4,326) | 177,528 | ||||
| Endowment funds | 2,000 | - | 2,000 | ||||
| _ | ______ | _ | |||||
| Charitable | £190,339 | £107,179 | £297,518 | ||||
| _ | ______ | _ | |||||
| Representedby | General | Designated | Restricted | Endowment |
Total | Total | |
| Funds | Funds | Funds | Funds | 2023 | 2022 | ||
| £ | £ | £ | £ | £ | £ | ||
| Agency | 404 | (1,591) | (1,995) | ||||
| General fund | 111,101 | 119,581 | 8,480 | ||||
| Funeral bier | 342 | 342 | |||||
| Church Centre kitchen | 881 | 881 | |||||
| War memorial | 24 | 24 | |||||
| SMB excluding fabric | 79 | 79 | |||||
| Youth | (52) | 6,652 | 6,704 | ||||
| SMB boiler | 3,164 | 3,164 | |||||
| Church Centre building | 485 | 4,949 | 4,464 | ||||
| Buildings value | (9,693) | 134,256 | 143,949 | ||||
| St Mary’s Fabric asset value | 691 | 17,256 | 16,835 | ||||
| DIASO | 96 | 96 | |||||
| Discretionary fund | 4,243 | 8,461 | 4,218 | ||||
| SMB fabric | 384 | 384 | |||||
| Halahan grave | 2,714 | 2,714 | |||||
| _ | _ | _ | _ |
_ | _ | ||
| £111,505 _ |
£ - _ |
£(4,326) _ |
£ - _ |
£297,518 _ |
£190,339 _ |
Page 16
BRAMSHOTT & LIPHOOK
PAROCHIAL CHURCH COUNCIL
NOTES TO THE ACCOUNTS
FOR THE YEAR ENDED 31ST DECEMBER 2023 (Continued)
14. MOVEMENT IN FUNDS
| 2022 Unrestricted funds Restricted funds Endowment funds Charitable Representedby Agency General fund Funeral bier Church Centre kitchen War memorial SMB excluding fabric Youth SMB boiler Church Centre building Buildings value St Mary’s Fabric asset value DIASO Discretionary fund SMB fabric Halahan grave |
At 01.01.22 Net Movement in Funds At 31.12.22 13,060 (6,575) 6,485 181,054 800 181,854 2,000 _ - __ 2,000 _ £196,114 _ £(5,775) _ £190,339 _ General Funds £ Designated Funds £ Restricted Funds £ Endowment Funds £ Total 2022 £ Total 2021 £ 151 (1,995) (2,146) (6,726) (2,280) 8,480 17,486 342 342 881 881 24 24 79 79 6,704 6,704 3,164 3,164 6,577 4,464 (2,113) (2,812) 143,949 146,761 (990) 16,835 17,825 96 96 290 4,218 3,928 15 384 369 2,714 2,714 £(6,575) £ - £800 _ £ - £190,339 _ £196,114 ____ |
|---|---|
Page 17
BRAMSHOTT & LIPHOOK
PAROCHIAL CHURCH COUNCIL
NOTES TO THE ACCOUNTS
FOR THE YEAR ENDED 31ST DECEMBER 2023 (Continued)
15. ANALYSIS OF ASSETS BETWEEN FUNDS
| 2023 | Unrestricted | Restricted | Endowment | 2022 Total |
|---|---|---|---|---|
| Funds | Funds | Fund | Funds | |
| £ | £ | £ | £ | |
| Tangible assets | - | 153,539 | - | 153,539 |
| Net Current assets | 10,777 | 127,702 | 2,000 | 140,479 |
| _ | _ | ______ | _ | |
| £10,777 | £281,241 | £2,000 | £294,018 | |
| _ | _ | _ | _ | |
| 2022 | Unrestricted | Restricted | Endowment | 2022 Total |
| Funds | Funds | Fund | Funds | |
| £ | £ | £ | £ | |
| Tangible assets | - | 153,733 | - | 153,733 |
| Net Current assets | 6,485 | 28,121 | 2,000 | 36,606 |
| _ | _ | ______ | _ | |
| £6,485 _ |
£181,854 _ |
£2,000 _ |
£190,339 _ |