Annual Report ofthe Parochlal Church Counal of St Peter and St Paul, Aldeburgh For the year ended 3h December 2023 Rector: The Reverend Sardh du Boulay Assistant Prie5ts= The Reverend Nichola Winter (OLM} The Reverend Johanna Mabey Curate: The Reverend Mary Brown ljuty 2023- Bank Bardays Bank PIC Aldeburgh Branch Suffolk Coastsl Gmup 4 Church Street Woodbridge, IP12 2LT Independent Examlner Perry Hunt Toad Hall StrathKd SL Andrew, IP17 IU Tveasurer Mr Adrian Brown The Parish Office Virtoria Road Aldeburgh. IP15 SEA Parfsh Admin15trator Mrs Claire Tumer The Parish Offi Wictoria Road Aldeburgh. IPIS SEA Minute Secretary Mrs Jenny Digby The Parish Offi Wictoria Road Akleburgh, IP15 SEA THE PAROCHIAL CHURCH COUNaL OF THE ECCLESIASTICAL PARISH OF sr. PEfER & ST. PAUL. AU)EBURGH Annual report of the Parothlal Church Coundl Applicable Le8lslatlon:. Entsnd & Wales For the year ended 311)ecembw 2023 Administrat6ve Infomiation St. Peter and St. Paul Church is situated in VKtoria lioad. Aldeburgh. It is part of St. Edmundsbury and Ipswich within the Church of England. The correspondence address is the Parish Office, Wrtoria Road. AhAeburgh, IP15 SEA. The Parochial Church Council (PCC) is a charlty registered with the Charity Commission. PCC members who have served from l January 2023 until the date of the signing ol the report are: Incumbent (Chairman 1° January 2023-31 December 20231: The Reve￿nd Sarah du 8oulay Assistant Priest: Assistsnt Priest: The Reverend Nichola Winter, SSM The Reverend Johanna Mabey Warden: None Representalives on Deanery Synod IFor the r*w trlennium until 2025): Mrs Carrbe Spence Lay Members of the PCC: (until 2025) Canon Dr. Mo Blackbum (until 20251 Mr. Richard Rapior luntil 20251 Mrs. Sandra Saint {until 20261 Mr. Roderick Linsell (until 2026) Mr> Jenny Digby (until 2026) Mr. Ken Smith {until 20261 Mr. Derek Cook (until 20261 Mr. Julian Wor5ter {until 2026) Mr. Andrew Scrriens There were seven meetings of the PCC duri￿ the year. induding that after the Annual Meeting. Note I: PCC Vacancies Based on the current Trumber of members on the elertordl role the￿ may be up to twelve elected members to the PCC PCC member5 are elected to serve a three-year tem and there are 3 vacancie5. In the event of there being rn0￿ nominations than vacancles, there will be an election. Note 2: List of sldespeople standing for reolecrlon on 22 May 2024 (all standin8 are on the electornl roll) Mr. Adrian Brown Mrs. Eve Calvert Mr. lan Henderson Mrs. Jill Brown Mr. Derek Cook Mrs. Susan Henderson Mr. Roderlck Llnsell Mrs. Frances Smith Mr. Kenneth Smith Mlss Valerie Wallace Mr. Richard Raplor Mrsjan Chard Mrs. Cheryl Smlth Mrs Karen Thackray THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF ST. PETER & ST. PAUL, ALDEBURGH REPORT OF THE TRUSTEES FOR THE YEAR ENDED 3151 DECEMBER 2023 The Trustees present the ￿port and flnanclal statements for the year ended 31 December 2023. The financial statements have been prepared In accordance w5th the accounting pollcles set out to complv wlth the Charitles Act 2011 and Accountlng and Reportlng by Charitles. Statement of Recommend PrartFce appllcable to charltles preparln8 thelr accounts In accordance w5th the Flnanclal Reportlng Standard for Smaller Entftfes publlshed on 1610712014. The Informatlon set out on page I forms part of thSs report. StN¢ture Governance and Management: The method of appolntment of PCC members15 set out In the Church Representadve Rules. All Church attendees are encouraged to re8lster on the Electoral Roll and stand for electlon to the PCC. There Is currently one other committee being the Standln8 Commlttee. Day-to-day management and runnln8 of the charlty Is carrled out by the Prfest In Charge and Church Wardens. The PCC member5 recelved no rernuneratbon. There are no transactlons wlth related partles requlrlng dlsclosure. Oblectlv•s and Actfvldes: The PCC of St. Peter & St. Paul, Aldebur8h, has the ￿spOnSIbIlIty of co-operatlng wlth the Incumbent, and the asslstant Prlests In promotlng In the eccleslèsttcal parlsh the whole mlsslon of the Church; pastoral. evangellstlc. soclal and ecumenlcal. It a150 has responslblllty forthe malntenance and upkeep of the church bullding, church hall and Falrfield Centre. The PCC has a support Structure whlch Includes Standlng Commlttee, Church Hall Commlttee, Falrfleld Centre Commlttee and three panels.. the M1551on Panel. the Fabrlc Panel and the Youth and Chlldren Panel. These commlttees and panels deal with the everyday runnlng of the Church and the StandlnB Committee has power to transact business between PCC meetlngs. The Dlocesan Board of Flnance Is Cu5todlan trustee of both the Church Hall and the Falrfleld Centre. The PCC has complled with the duty under sectlon 5 of the Safeguardlng and Clergy Disclpllne Measure 2016. The PCC promotes a safer church for all In the church communlty, and ha5 ensured there Is a plan In place to ralse awareness of. promote trnlnlng and ensure that safeguardlng Is tsken serlou51y by all those In the church communlty. In accordance wlth Charlty legislation, when plannlng our actlvlttes for the year, the Incumbent and the PCC have consldered the Charlty Commission's guidance on publlc benefit and. In partlcular. the 5pec5fic guidance on charitie5 for the advancement of reli8lon. We try to enable people to live out thelr falth as part of our parish community throu8h: • Worship and prayer: learnlng about the Gospel and developlng their knowledge and trust In Jesus Chrlst • Provision of pastoral care for people Ilvlng In the parish and those vlslting Missionary and outreach work • Provision of a venue for mustcal and other artistic endeavours for the benefft of the community. To facilitite thls Work. it 15 important that we maintain the fabrK of the church, church buildings, car park and churchyard. Both visitors and worshippers are welcomed. Achievements and perf0m￿nCe. The Church of En8land Roll adopted at the Annual Parochial Church Meeting on 23 May 2023 stood at 110 with whom 17 lived outside the paris Revlew of the year from the Rertor l ended last yearfs review bysaying that have been, and are. praying for Revival. and espeaaliythat God's Kingdom here on earth beglns in Alde Sandlin8s-our own little comer of Suffolk. Durlng this year. God has been very faithful to U5 indeed. and it feels as though every weeK we contlnueto build thefoundations needed forthis revirdl to happen. It isoften said that ittskes a village to raise a child. and it certainly tskes a dedicated team to keep the churth on track in terms of both worshlp. and serving ts local community. So first, I must say a huge thanks to our dedlcated ministry team. both lay and ordained. You have all been such a support both to myselfand to our wider thurch community, and it isa pleasure to mlnister alon85ide you. It is so exciting to get to know you all better and leam where your gifts and talents lie, then watching these Bifts and talents IIouri5h. We have been so pleased this year to welcome Rerfd Mary Brown to our team as Assistant Curate. Mary ordalned Deacon in 2023. and we are prdyerfully looking fop•Mrd to her Priestir6 on 29 June 2024. She has certainty proved a valuable asset and has settled in qUI￿Y to benefice life. As always, we all need to thank our ti￿lesS team of volunteers who ensure the church Is functional, safe, clean. beautifullydecorated. sounds ￿￿nderfUl. is or8anised, is begal, iswell catered for, and ready for whatever may come. None of thb would happen without you all- so thank you to the Sacristans, Cleane￿, Sidespeople, Bell Rin8ers. Flower Team, PCC. Coffee Team. c1￿1r. Rots Organiser. Church Hall Team. Ooanists. Panel Member5. people who prny so faithfully. and many others who Bive of themselves, their time and their resources so freelv. At the APCM last year. Ken Smith stepped down as Church Warden, and we have been functionin8 without this officer for the last year. l am very grntefijl to the people who have stepped up to tske on some of these responsibilities, indudlng Ken himself. who has continued to work very hard for the church- thank you. We have welcomed Sara Paulley as our new Treasurer (blg thanks to Adrlan who is ensuring the change over goes as smoothly as posslble). and Jenry Digby as our new PCC Secretary. Both are acquitting theMse￿e5 admiTrbly and our new team is coming together. A huge thank you must also go to aaire Turner, vknose administsotive duties have now officially expanded to indude the rest of the benefi￿. She is a big support trj me, and the other dergy. as well asthe churches in general, and can always be relied on to be the most O￿aniSed person in any rooml Our year has been a buw one. as we have had our usual pattem of sepiices Ithe I Sunday Famlly Service bein8 well and truly established now), CNi¢. Festival and Remembrance Sunday Se￿iCe$, tO8ether with Christmas and Easter celebrdtion5. We have trialled new ways of reaching out to the communlty. Includlng Saturday mornlng coffee at thechurch, and a serles of events to welcome visitors to our wonderful town. I'm lookln8 fon¥ard to further explorlng this theme of 'Generous Hospitali In the next year. So pleasejoln me in praylng for our church, and ourtown of Aldeburgh: that over the next year we can prayerfully dlscern God's calllng to us. and contlnue to spread the Good News of the Gospel throughout HIS klngdom, loyfulty lovlng God and lovlng each other as He would have us do. THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF sr. PETER & ST PAUL. ALDEBURGH Flnand•l Report for the year 2023 Introductton Flrst, I would Ilke to thank Perry Hunt for hls prompt and thorou8h Independent examlnatlon of the accounts. I must a150 note my appreclatlon of the work Greg Peck does In collettbn8 and bankln8 the r park money each week, the work Ros Blackburn undertakes In paying In cash collectlons and other cash recelpts each month and Sandra Ralph for deallng wlth Church Hall booklngs Includlng paylng Sn monles recelved from hlrers. Last but not least a blg thank you to Clalre our admlnlstrator for her sUPPOrt throu8hout the year and to Jlll for her unstlnYnB SUPPOrt. l am certaln you would all Ilke to Joln me In thanklng the anonymous donor who pald for the new exlt ramp to the Church Hall. Fln•nclal Hl8hllghts The Church held total funds of lust under £500,IXb) at the end of 2023, vlrtually the same as at the end of 2022. Restrlcted and Endowment Funds whlch cannot be used for day-to-day expendlture accounted for £350.000 of thls total. And £95.000 of the balance related to tsnglble fixed assets such as the car park whlch cannot be readlly reallsed If at all. The balance of unrestrlcted cash, deposlts and reallsable Investments totalled £52,000. The cash oufflow from Un￿StrIcted funds In 2023 (5ncome less expendlture excludlng depreclatlonl was £17.600. If It was not for the legacy ￿terred to In the sectlon below on Flnanclal Outlook then, on a three year tlme horlzon, the church would be lookln8 at runnlng out of unrestrlcted funds at the Current rate of Income and expendlture. Income Overall unrestrlcted Income was sllghtly up in 2023 cOMpa￿d to 2022 but If one excludes Gift Ald clalmed whlch refiects donatlon In the p￿￿dIng year the net flgure In 2023 Is sllghtly lower. The largest contributlons were derlved from the Parlsh Glvlng Scheme1£23,000 Includlng Glft Aldl and the car park1£19,0001. Gross fees from weddln8s and funera15 Includlng thanks8lvlng 5ervlces were Ilttle over £21,000. Other dona￿onSI collectfons raised £17.000. Expendlture As In p￿VIouS years the major outgolng wa5 the Parlsh Share at £S2.600. Administration costs were hlgher at £28,000 reflethng the employment of a mana8er for the Falrfleld Centre and ufjlity costs We￿ substanttally higher ￿fleCtIng the expiry of cheap 3 year ga5 and electricity contacts. Overall expendlture was marginally lower refiecttng the substsntial decline in Fairfield Centre expenditure which had been inflated by onewoff costs In 2022. Flnanclal Oudook As many of you knowjulie (Iwil Jefferies left the bulk of her estste to Aldeburgh Parish Church and we have this year {20241 receNed £9LK),IJX) with possibty a little more to come. If we had not received this legacy or any other legacies. it is probable that the PCC would have to face making some difficult decisions next year as to Whe￿ to reduce the church's out80ings. There have been suggestions that the PCC might move at least some of this legacy money into a new restricted fund. It 15 the treasurerfs understsnding that the PCC ￿nn0t move such money into a stricted account but can designate fund5 for a specific purpose. However the PCC retsinsthe rEht to ￿mOve the designation from such funds at any time. Statement of the Responsibilltles of the Tn*ee5 in rnspert of the Krkindal Ststswts The charty trus*es are responsible for preparlng a tru5*eg annual report and financial statements in accordance with appllcable law and United Klngdom Accounting Stsndards IUKGAAPI. In p￿Paring the financial statements the trustees are required to: select suitsble accounting policies and appty them consistentty; observe the methods and principles in the applicable Charioes SORP: make judgments and estimates that are reasonable and prudent; state whether applicable accounting stsndards have been followed. subject to any material departures disdosed and explained in the financial sratements; and p￿pare the financial statements on the going concem basis unless it ts inappropriate to assume that the charity wlll continue in business. The trustees a￿ responslble for keepin8 proper accountire records that dlsclose with reasonable accuracy at any time the flnancial posttlon of the charity and to enable them to ensure that the financial statements comply with the Charitles Act 2011 and the applicable Charities (Accounts & Reports) Regulations. They are responsible for safeguarding the assets of the charity and taking reasonable step for the preventlon and all detection of fraud and other irregularide The report was received by the board of trnstees on 2¢ April 2024. The Revd Sarah du Boulay {Chalnnan) The Parochial Church Council of the Ecclesiastical Parish of St. Peter & St. Paul, Aldeburgh Annual Financial Statements of the Parochial Church Council for the year ended 31 December 2023 THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF ST. PETER & ST. PAUL. ALDEBURGH ststement of Financial Activities for the year ended 31 December 2023 UNREsTRI￿Eo RESTRicfED FUNDS ENDOWMENT FUNDS TOTAL FUNDS FUNDS 2023 2022 Notes Income and Endowments Grants. donations and legacies Fund raisin8 activttles Church activities Investment income Other Total Income 21al 21bl 21cl 21dl 21el 59,441 4,662 62,457 647 2,125 129.332 59.441 4.662 62,457 7.108 2,125 135.793 70,497 5,057 63,546 7.006 2,863 148,969 5,809 652 5,809 652 ExpendÉture Expenditure on church activities Totsl expendilure 156,783 156.783 156,783 156,783 159,946 159,946 Net Incomlnglloutgolngl re$oures before transfers between funds 127.4511 5,809 652 120.9901 110,9771 Transfers between funds 11,2681 1,920 16521 Net incomlnglloutgolng} resoures before galnslllossesl on investments 128,7191 7,729 120,9901 110,9771 Unrealised gainslllossesl on investments 1.350 17,943 2,069 21.362 130,2551 Net movement in funds 127,3691 25,672 2,069 372 141.2321 Total funds brought fonvard 174,162 300,520 21.802 496,484 537,716 Total funds carried forward 146,793 326.192 23,871 496.856 496.484 THE PAROCHIAL CHURCH COUNaL OF THE EcaESIASTICAL PARISH OF ST. PETER & ST. PAUL ALDEBURGH 8•lan¢e sheet •$ #t 31 De¢ember 2023 UNRESTRICYED FUNDS RESTRICTEO FUNDS ENDOWMENT FUN05 TOTAi FUNDS 2023 2022 Notes 71Je ossets ondllobllltles olthe chorlty Flx•d •sMts TanBlble flxed assèt5 Investment assets Totalllxed au•ts 4a 94,900 15.706 110.606 94,900 248.228 343.128 104,765 226.866 331,631 4b 208,651 208.651 23,871 23.871 Curr•t)t aM•ts Debtors Short term dep051ts Cash at ￿fik Cash Sn hand Total currant 25,716 io,ioo 371 36.187 76,679 40,862 102,395 $0,962 371 153,728 102.072 62,781 117,541 164.853 Current Ihbllltl•i Credltors due vlthln one yeir N•t curr•nt ass•ti 36,187 117,541 153,728 164.853 TOTALASSETS LESS UABIUTIES 146,793 326,192 23,871 496,8 496,484 Thefunds olthe ¢lKrrlty Unr•Mrlrt¢d funds un￿StrICted Deslgnated (Falrfltld Centrel Totsl ¥nv05trlrted funds 128.137 18,656 146,793 128.137 18,656 146,793 153,516 20.646 174.162 Restrlcted funds 326,192 326,192 3(Kl.520 Endowment funds 23,871 23,871 21,802 TOTALFUNDS 146.793 326,192 23.871 496,856 496.484 These accounts were adopted at the Annual Parochlal Church Meetlng on 22 IsJ2¥ and slg ed by the Chair, the Revd. S. du Boulay THE PAROCHIAL CHURCH COUNaL OF THE ECCLESIAsficAL PARISH OF ST. PEfER & sr. PAUL. ALDEBURGH Notes to financlal statements for year ended 31 De¢ember 2023 I. ACCOUNTING POLICIES Flxed assets The flnancial statements have been prepared in accordance with the Church Accountin8 Regulations 2006 together with the Statement of Recommended Practice applicable to ¢haritles preparing thelr accounts under the Financial Reporting Standard applicable in the UK and Republic of Ireland IFR51021 issued in March 20181 and the Finanoal Reporting Standard applltable In the United Klngdom and Republlc of Ireland IFRS 1021 and the Charities Art 2011 and UK Generally Accepted Pract0￿ as it applies from l January 2015. They have been prepared under the historical cost convention except for the rdluaiion of Investment assets, whlch are shown at market value. Chur¢h Hall & Falrfteld Centre bulldlnes Commencing in 2000, depreciatitsn is being provided on the buildings of the Church Hall and Fairfield Centre. The depreciatlon rates are- Church Hall 4% of valuatlon. Falrfleld Centre 2%.$% of cost. The Car Park is being depreciated at IO% of cost. No revaluation of the buildin8s has taken place subsequently. Other r￿ur•s. flttin8and equipment Indlvldual Items of equlpment with a purchase price of £2500 or less are written off when the asset Is acquired. The Steinway Piano has been capitalised at it5 purchase price and has been depreciated to its estimatefj resldual value of £20.000. Investments Investments are valued at thelr market value at 31" December in the applicable year. All expendlture Incurred in the year on consecrated or benefice bulldlngs. any individual items under £2.500 or the cost of repairs to movable church furnlshln85 acqulred before l January 2001 is wrlttert off. Consecrated propertyand mo¥•ble ¢hurth lurnishinqs Consecrated and benefice property is exduded from the flnanclal stsiements by s.1012llal of the Charltles Act 2011. Otherfixtures, flttln8s and equlpment Equlpment used within the thurch premlses Is depreciated on a straight Ilne basis over 4 years. Individual item5 Wlth a purthase price of £2,500 or less are written off when the asset Is acqulred. The accounts Ifinancial 5tstementsl have beèn prepared to give a'true and fairf vlew and have departed from the Charities (Accounts and Reports) Regulations 2008 only to the exient required to prcwide a'trve and fair view". Thls departure has involved following Accounting and Reporting bv Charltles preparlng theSr accounts In accordance with thè Financial Reporting Standard applicable in the UK and Republlc of Ireland IFRS 1021 Issued in March 2018. Movable church furnlshlngs held by the Rector and Churthwardèns ¢)n spedal trust for the PCC, and which require a faculty for disposal, a￿ accounted for as inalienable property unless consecrated and listed in the church'5 inventory which can be insperted lat any reasonable timel. For inalienable property a¢quire