Woodbridge
Annual Report &
Financial
Statements of the Parochial Church Council Year-end 31 December 2023
Charity Number 1128699
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Vicar: Rev Charles Trefusis St John's Vicarage St John’s Hill Woodbridge
Bankers:
Bank of Scotland,
London and Barclays Bank, Woodbridge
Independent Examiner
Ensors
Saxmundham
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St John’s3 Church Woodbridgee Annual Report
General Information
Formal name of the Charity:
The Parochial Church Council of the Ecclesiastical Parish of St John's Woodbridge
Charity Registration Number: 1128699
Church address:
St John's Church, Castle Street, Woodbridge, Suffolk
Correspondence address:
St John's Church Office The Old Vicarage 24 St John's Hill Woodbridge Suffolk 1P12 1HS
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Parochial Church Council of St John’s, Woodbridge
Report of the Trustees For the year ended 31 December, 2023
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The Parochial Church Council [who are the Trustees of the charity] present their annual report together with the financial statements of the Parochial Church Council of St John’s Church, Woodbridge [the charity] for the year end 31 December, 2023. The Parochial Church Council [PCC] confirm that the annual report and financial statements of the charity comply with the current statutory requirements, the requirements of the charity’s governing document and the provisions of the 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 [“SORP [FRS102]”]
In accordance with the Charities Act 2006, registration with the Charities Commission was concluded in February, 2009.
Objectives and Activities
Policies and Objectives
St John’s Woodbridge is committed to “Discovering God and Sharing the Love of Jesus”
Strategies for achieving Objectives
There is a breadth and depth to church life, our ministry, our witness, and how they interrelate. Approved by PCC, we are now working within the framework of our Mission Action Plans which provide a plan to achieve our hopes and aspirations:
What matters to us and how we do things
> Welcoming
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By this we mean welcoming all ages and backgrounds, enjoying one another's company, valuing and supporting one another, acknowledging our differences and having fun together.
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Loving o By this we mean loving God and loving others around us with the Father’s love, demonstrated by what we do, such as generously sharing, forgiving, caring, serving and encouraging each other.
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Prayerful o By this we mean growing in our experience and understanding of God, giving ourselves to God through prayer and worship as we discern God’s guidance, depending on the Holy Spirit in daily life.
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Community focused
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By this we mean being a church that relates to and serves our community, sharing in God’s mission to the world, helping others to know Jesus as our Saviour and living out our faith in everyday life.
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Parochial Church Council of St John’s, Woodbridge
Report of the Trustees For the year ended 31 December, 2023
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» Growing in faith o By this we mean reading, listening and studying the Bible, supporting and encouraging one another to grow, learn, and go deeper as we live out our faith.
Our Vision
Our vision priorities are what we seek to become by the grace of God, and the focus of our ministry over the next 3-5 years. In 2028, we want to say that...
As a church, we have seen growth in the number of children, young people and families. We have vibrant and attractive children’s and youth ministries with many new children, young people and their families coming to faith, and being supported through the week, and that St John’s is relevant to them.
We are attractive to those outside the church, relate to and serve our community, helping others to know Jesus as our Saviour and living out ourfaith in everyday life. That we are a church that engages with and serves our community, reaching out in word and action. That we are a church that is relevant and accessible. That the congregation are equipped and confident to share their faith and does so regularly. That we have launched new outreach ministries, including in the Thoroughfare. That our buildings and facilities support our mission and outreach to Woodbridge.
As a congregation, and as a benefice, we have grown closer to one another. As a congregation, and as a benefice, we have grown closer, we welcome all ages and backgrounds, acknowledging our differences, enjoy one another’s company, valuing and supporting one another as we laugh and weep together.
As a church, we are committed to Jesus, being filled with and led by the Holy Spirit, and growing towards maturity in faith.
We have grown as spirit filled disciples with a deep faith, are committed to Jesus, and maturing in our faith. We are a church where every member is encouraged to bea part of a thriving Life Group, has taken responsibility for discovering and using their God-given gifts to lead, serve and give whilst everyone feels empowered, encouraged and appreciated.
That we are a church that cares for creation and sets an example.
We are an Eco Church, which raises awareness and encourages every member to be aware of climate change, care for the environment, and actively consider longer term changes ir lifestyle. We support organisations and campaigns in Woodbridge and beyond and have taken steps to make our buildings more environmentally friendly.
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Parochial Church Council of St John’s, Woodbridge
Report of the Trustees For the year ended 31 December, 2023
Public benefit
In planning the activities of St John’s Church, the PCC has considered the Charity Commission’s guidance on public benefit and, in particular, the specific guidance on charities for the advancement of religion.
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Parochial Church Council of St John’s, Woodbridge Achievements and Performance For the year ended 31 December, 2023
The Church has a number of ministry teams which have been working hard throughout the year to fulfil their objectives and develop their particular ministries.
During the year the Church explored its Purpose, Values and Vision as to where it wanted to be in 2028 as outlined in Objectives. To achieve its Purpose Values and Vision, the church spent time prayerfully discerning the direction for the coming years to 2028, resulting in the development of Mission Action Plans. The start of the actions relating the plans commenced September, 2023. Already much has been achieved.
Even before setting out our new Vision priorities, the Church were looking to grow younger. So much the year has been about nurturing our existing families but also connecting with new families. And it has been encouraging to see new church members and the refinement and the development of new ministries.
Our Sunday and midweek worship services and prayer are at the heart of our church’s life, mission and ministry. Everything is rooted in prayer, including two weekly prayer meetings on Tuesday evenings and Thursday mornings.
All the above objectives and achievements rely on the enormous contribution made by church members as unpaid volunteers in the ministries and activities of the church. The PCC, itself comprised mainly of volunteers, acknowledges with thanks the crucial importance of the time and skills provided by so many church members to enable the ministry of St John’s to flourish and grow.
Pastoral Care
Pastoral Support is provided not only by the dedicated team of clergy and pastoral team but also by the loving attention of many members of our fellowship. Much of this is directed towards supporting vulnerable people within our membership.
LifeGroups
They provide a place where members can grow in their relationship with God, knowledge of the bible, be supported in their life journey and be encouraged to share the Good News of Jesus with others. This past year groups have studied biblical principles behind the new strategy.
Worship and Discipleship
We have built on our Sunday service existing pattern, including Presence and our Sunday children’s ministry, with our midweek Holy Communion service continuing to operate weekly. This has enriched the worship experience for many as well as providing wider choice. We have found it valuable to continue to livestream our services on Sunday mornings which furthers our reach but also provides connection for those unable to attenc for any reason.
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Parochial Church Council of St John’s, Woodbridge
Achievements and Performance For the year ended 31 December, 2023 a a i 2h oPcla gp eNO ESE
Discipleship has been supported by teaching at services, providing our Lifegroups with the opportunity to explore the subject matter to a deeper level, but also through Alpha courses.
Children and Families Ministry
Children and Family ministry continues to develop, following the appointment of a new part time Pastor in August, 2023 with a view to the employment of a full time Pastor in 2024. A particular success is Little Gems which has continued to grow, where we are developing connections with around 25 or more families. As we start to see families join the Church, we are seeing a growth in volunteers to support the team on Sundays and at Little Gems.
Youth
Friday Night Youth is for youth of secondary school age (11-18) to socialise together and discover Jesus in an accessible, welcoming way. Young people do enjoy coming along — having friends there is a big draw. Numbers have remained stable at around 12 people, but faces have changed quite a bit. The most encouraging thing is when they bring their friends along and the friends keep coming. We are looking to develop and grow our Youth ministry with the full time employment of a Youth Pastor in 2024.
Mission
St Johns has continued to support Mission Partners in the UK and around the world. The World Mission Action Group [WMAG] raises awareness of mission and social issues and supports our mission partners in prayer and financially. We continue to contribute £28,400 towards agencies that provide services in line with our own mission priorities.
We have also been able to continue our support Salvation Army Food Hub; Repair Café; The Hub; Little Pantry; Christians against Poverty, either directly or in partnership with other local churches via Churches Together.
Outreach
The team has developeda plan to focus on actions required to achieve the values of the church in the next 5 years of through growth and engagement. The primary aim is to get evangelism and outreach as part of the DNA of the church as a whole. The challenge faced by the team is identifying and bringing together outreach and evangelism activities which previously have been undertaken on an ad-hoc basis, with no formal assignment.
Summer highlights included the church supporting and being involved with the joint churches Big Family Day Out, a group from the church attending New Wine Leaders Conference and New Wine summer holiday.
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Parochial Church Council of St John’s,, Woodbridge.
Structure, Governance and Management For the year ended 31 December, 2023
The Parochial Church Council (PCC) is a corporate body established by the Church of England. The PCC operates under the Parochial Church Council Powers Measure. In February, 2009, the PCC registered with the Charity Commissioners as an independent charity with all the members of the PCC as trustees of the Charity.
Recruitment and appointment of new Trustees
The method of appointment of PCC, as Trustees, is set out in the Church Representation Rules. The membership of the PCC consists of all licensed clergy in Holy Orders, churchwardens, the licensed Readers, members elected by those members of the congregation who are on the electoral roll of the church and a number of co-options relative to the size of the electoral roll. All those who attend our services/members of the congregation are encouraged to register on the Electoral Roll and stand for election as Trustees.
During the year the PCC meet 7 times and the following served as Trustees :
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Parochial Church Council of St John’s, Woodbridge
Structure, Governance and Management For the year ended 31 December, 2023
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The PCC seeks to ensure that necessary areas of expertise are addressed by its members, and where such expertise is not available amongst its members that such expert advice is sought on behalf of the Trustees.
Risk Management
The PCC have a duty to identify and review the risks to which the charity is exposed and to ensure appropriate controls are in place to provide reasonable assurance against fraud and error.
The PCC have assessed the major risks to which the charity is exposed. In particular those related to the operations and finances of the charity and vulnerable person protection, and are satisfied that systems and procedures are in place to mitigate exposure to the major risks. An in-depth review of matters related to Security; Safeguarding and Health and Safety has been completed.
Constitution
The charity is controlled by its governing document. The principal object of the charity is the promotion in the ecclesiastical parish of the whole mission of St John’s church. This is achieved through cooperation with the incumbent, the Reverend Charles Trefusis, in the promotion of pastoral, evangelistic, social and ecumenical activity in the area.
Finance Committee
The Finance Committee manages and oversees the church’s finances and resources and supports the Trustee Board [PCC] in their decision making to enable the ministry and mission of St John’s to be fulfilled.
Support
We have a dedicated staff team and volunteers who support the activities of St John’s in administration functions and events management
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Parochial Church Council of St John’s, Woodbridge
Financial Review
For the year ended 31 December, 2023
Financial Position
The financial position of the Church is set out in the Statement of Financial Activities and Balance Sheet and related notes which have been prepared in accordance with statutory requirements of the Charities Act 2011 and SORP[FRS102]
The financial statements have been prepared on the going concern basis as in the opinion of the trustees, there are no material uncertainties about the charity's ability to continue its activities for the foreseeable future.
Financial Statement
The year was forecast to outturn a deficit of circa £53k due to some major work required to our premises. However, due to a full-time member of staff resigning and being replaced with a part time member; the generosity of our members and a small number of areas of underspend, our deficit is considerably reduced to £2.4k.
The PCC for the first time prepared a 5 year budget [2024-2028]. For 2024, taking into account our expected income and likely expenses, this shows a deficit for the year in excess of £36k which if proved to be accurate will result in the deficit having to be met from reserves.
We must be thankful for all the income we have received and are very grateful to the many who regularly give, as without the support from everyone we would not be able to achieve all that we do as a Church.
Reserves Policy
A new policy document has been issued, approved by Trustees, followed by planning documents being prepared for each designated Reserve Fund in order to utilise or build up the balances for their intended purpose.
The balance on our general accumulated fund in reserves [ignoring property investments] is now £97,057.84 which is an increase from the previous year. The property funds held in unrestricted funds are not free reserves in that they relate to freehold property which would need to be sold to enable the funds to be available to spend.
The restricted funds are amounts that have been given to the Church for specific purposes and relate mainly to property and their future maintenance. At the year end the baiance in our four Fabric Funds amounted to £391,971.
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Parochial Church Council of St John’s, Woodbridge
Financial Review
For the year ended 31 December, 2023 eeee ee a a ee Ne
Church Workers Pension Fund (CWPF)
St Johns PCC participates in the Pension Builder 2014 section of CWPF for lay staff. This is a multi-employer, defined benefit, pension scheme and is administered by the Church of England Pensions Board.
Pension Builder 2014 is a ‘cash balance’ scheme that provides a lump sum which members use to purchase benefits at retirement. The lump sum is based on the contributions each member has made along with any declared bonuses. Although bonuses are usually declared annually, members are not entitled to the full bonus until age 65. The pension costs charged to the SOFA in the year are the contributions payable (2023: £4,575, 2022: £3,053).
The scheme is valued every three years. If a valuation identifies a deficit, the scheme will implement a plan to return the scheme to surplus, usually by requiring ‘deficit payments’ from participating employers. The last published valuation (as at 31 December 2019) reported a surplus of £5.5m. The 2022 valuation (as at 31 December 2022) is expected to be published in mid-February 2024 and we have been informed, in writing, that this will indicate that the schemeis still in surplus and that there is therefore no requirement to make a provision in St Johns accounts for ‘deficit payments’ at this time.
The legal structure of the scheme is such that if another employer fails, St Johns PCC could become responsible for paying a share of that employer's ‘deficit payments’.
On behalf of St John’s PCC .
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Parochial Church Council of St John’s,? Woodbridge.
Statement of Financial Activities For the year ended 31 December, 2023
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PAROCHIAL CHURCH COUNCIL OF ST JOHN'S, WOODBRIDGE
CHARITY NUMBER 1128699
STATEMENT OF FINANCIAL ACTIVITIES [SOFA]
For the year ended 31 December 2023
| Unrestricted | Restricted | Endowment | Total | Funds | ||
|---|---|---|---|---|---|---|
| Note | Funds | Funds | Funds | 2023 | 2022 | |
| £ | £ | £ | £ | £ | ||
| INCOMING RESOURCES | ||||||
| VoluntaryIncome | 2{a) | £122,887 | £113,561 | £0 | £236,448 | £208,653 |
| Activities forGenerating Funds | 2(b) | £610 | £0 | £0 | £610 | £5 |
| Investment Income | 2(c) | £21,923 | £2,060 | £119 | £24,101 | £13,659 |
| Church Activities | 2(d) | £3,861 | £2,572 | £0 | £6,433 | £16,563 |
| TOTALINCOMINGRESOURCES | £149,281 | £118,193 | £119 | £267,593 | £238,886 | |
| RESOURCES EXPENDED | ||||||
| Grants | 3{a) | £3,322 | £25,744 | £0 | £29,067 | £30,443 |
| ChurchActivities | 3{b) | £145,381 | £95,574 | £0 | £240,955 | £230,367 |
| TOTALRESOURCESEXPENDED | £148,703 | £121,319 | £0 | £270,022 | £260,810 | |
| NETINCOMING/(OUTGOING) RESOURCES | £578 | (£3,126) | £119 | (£2,429) | (£21,924) | |
| Transfers between funds | £0 | £5,720 | (£5,720) | £0 | £0 | |
| Revaluation -Gainsoninvestments | 5(b) | £121,075 | £45,368 | £283 | £166,726 | £220,152 |
| NETMOVEMENTINFUNDS | £121,653 | £47,963 | (£5,318) | £164,297 | £198,228 | |
| BALANCES BROUGHT FORWARD | ||||||
| AT 1JANUARY 2023 | £775,277 | £475,793 | £5,318 | £1,256,388 | £1,058,160 | |
| BALANCESCARRIED FORWARD | ||||||
| AT31DECEMBER2023 | £896,929 | £523,756= | (£0) | £1,420,685 | £1,256,388 |
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Parochial Church Council of St John’s,, Woodbridge. Balance Sheet For the year ended 31 December, 2023
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PAROCHIAL CHURCH COUNCIL OF ST JOHN'S, WOODBRIDGE CHARITY NUMBER 1128699
BALANCE SHEET AT 31 DECEMBER 2023
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TOTAL TOTAL
Note 2023 2022
£ £
FIXED ASSETS
Tangible Fixed Assets 5(a) 74,272 359,142
Investment Assets 5(b) 1,226,830 774,392
1,301,102 1,133,534
CURRENT ASSETS
Debtors and Prepayments 9 3,737 9,203
Short Term Deposits 119,430 120,147
Cash at bank and in hand 7,578 6,746
130,744 136,095
CURRENT LIABILITIES
Amounts falling due under 1 Year 10 11,160 13,241
NET CURRENT ASSETS 119,583 122,855
TOTAL NET ASSETS 1,420,685 1,256,388
—————lllllllSSSES—eS
PARISH FUNDS
Unrestricted 896,929 775,277
Restricted 7 523,756 475,793
Endowment - 5,318
1,420,685 1,256,388
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Approved by the Parochial Church Council on 20th March 2024, and signed on its behalf by:
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Rev C Trefusis Mr ANunn
The notes on pages 15 to 21 form part of these accounts.
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Parochial Church Council of St John’s,3 Woodbridge. Notes to Financial Statements For the year ended 31 December, 2023
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PAROCHIAL CHURCH COUNCIL OF ST JOHN'S, WOODBRIDGE
CHARITY NUMBER 1128699
NOTES TO THE FINANCIAL STATEMENTS
For the year ended 31 December 2023
1 Basis of accounting
The accounts (financial statements) have been prepared in accordance with Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard for Smaller Entities published on 16 July 2014, the Financial Reporting Standard for Smaller Entities (FRSSE), and the Charities Act 2011 and UK Generally Accepted Practice as it applies from 1 January 2015.
The accounts (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 the Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard for Smaller Entities published on 16 July 2014 rather than the Accounting and Reporting by Charities: Statement of Recommended Practise effective from 1 April 2005 which has since been withdrawn.
Funds
The endowment funds have been dissolved following approval of PCC and Charities Commission and having been incorporated in Discretionary Funds. tn line with Charities Commission guidance and as a result of appropriate purchases relating to the restricted fund areas being made during the year, all interest has been applied to General Funds which are to be spent on the PCC's general purposes.
Designated funds are general funds set aside by the PCC for use in the future. Funds designated as invested in fixed assets for the PCC's own use are abated in line with those assets’ annual depreciation charge in the SOFA. Designated Funds remain unrestricted and the PCC will move any surplus to other general funds.
Incoming Resources
Planned giving, collections and similar donations are recognised when received. Tax refunds are recognised when the the claim is made rather than when income received as previously reported. Grants and Legacies are accounted for when the PCC is entitled to the use of the resources, their ultimate receipt is considered reasonably certain and the amounts due are readily quantifiable. Dividends are accounted for when declared receivable, interest as and when accrued by the payer. All incoming resources are accounted for gross.
Resources expended
Grants and Donations are accounted for when paid over, or when awarded, if that award creates a binding or constructive obligation on the PCC. The diocesan parish share expected to be paid over is accounted for when due. All other expenditure is generally recognised when it is incurred and is accounted for gross.
Fixed Assets Consecrated and benefice property is not included in the accounts in accordance with $10(2)(a) and (c) of the Charities Act 2011. Moveable church furnishings held by the vicar and 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). Equipment used within the church premises is depreciated on a straight line basis over four years. Individual items of equipment with a purchase price of £250 or less are written off when the asset is incurred. For inalienabie property acquired prior to 2000 there is insufficient cost information available and therefore such assets are not valued in the financial statements. No depreciation is provided as the current estimated residual value of the property is not less than its carrying value and the remaining useful life of the building exceeds 50 years, so that any depreciation charges would be immaterial. investments in CCLA are valued at market value. The freehold property was valued by 3 agents at open market value for Anderson's Way with the median taken as the value. The property at Bury Hill was confirmed to be valued at the correct price as at 31 December, 2023
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Parochial Church Council of St John’s,A Woodbridge.
Notes to Financial Statements For the year ended 31 December, 2023
NOTES TO THE FINANCIAL STATEMENTS (continued)
For the year ended 31 December 2023
| 2INCOMING RESOURCES | Unrestricted | Restricted | Endowment | Total | Total |
|---|---|---|---|---|---|
| Funds | Funds | Funds | 2023 | 2022 | |
| £ | £ | £ | £ | £ | |
| 2(a) Voluntary income | |||||
| Planned giving | |||||
| GiftAiddonations | £61,013 | £60,560 | £0 | £121,574 | £108,351 |
| Gift Aid recoverable | £16,700 | £14,833 | £0 | £31,533 | £27,808 |
| Other planned giving | £35,827 | £37,380 | £0 | £73,207 | £68,516 |
| Cash Collections | £2,557 | £788 | £0 | £3,345 | £2,460 |
| Donations Legacies |
£6,790 £0 |
£0 £0 |
£0 £0 |
£6,790 . |
£1,524 - |
| a | a | ee ee |
ee | ||
| £122,887 | £113,561 | £0 | £236,448 | £208,659 | |
| Se | |||||
| 2(b)Activitiesforgeneratingfunds Church Office |
£610 | £0 | £0 | £610 | £5 |
| a | a | ||||
| £610 | £0 | £0 | £610 | £5 | |
| 2.seen | neDee | ee | ee | ||
| 2(c) Income from investments Interestfrom shorttermdeposits |
£5,573 | £0 | £0 | £5,573 | £2,678 |
| Dividends on CBF Investment Funds | £2,650 | £2,060 | £119 | £4,829 | £4,581 |
| Rental Income - Bury Hill | £12,780 | £0 | £0 | £12,780 | £6,400 |
| Rental Income -AndersonsWay | £920 | £0 | £0 | £920 | - |
| tint | |||||
| £21,923 | £2,060 | £119 | £24,102 | £13,659 | |
| a eg |
|||||
| 2(d) Church activities Feesforweddings and Funerals Church Hall lettings - Local community use |
£1,876 £953 |
£0 £0 |
£0 £0 |
£1,876 £953 |
£598 £443 |
| OldVicarage Lettings-Community use Toddlers Outreach |
£0 £1,032 £0 |
£0 £0 £155 |
£0 £0 £0 |
£0 £1,032 £155 |
£0 £665 £0 |
| Repairand CafeHubs | £0 | £2,417 | £0 | £2,417 | £2,658 |
| Sizewell | £0 | £0 | £0 | £0 | £12,199 |
| ie | |||||
| £3,861 | £2,572 | £0 | £6,433 | £16,563 | |
| sp i a ee |
|||||
| TOTALINCOMING RESOURCES | £149,281 | £118,193 | £119 | £267,593 | £238,886 |
| ona a es |
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Parochial Church Council of St John’s,, Woodbridge°
Notes to Financial Statements For the year ended 31 December, 2023
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NOTES TO THE FINANCIAL STATEMENTS (continued) For the year ended 31 December 2023
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|---|---|---|---|---|---|---|---|---|---|
|3 RESOURCES EXPENDED|Unrestricted|—_Restricted|Endowment|Total|
|Note|Funds|Funds|Funds|2022|2022|
|£|£|£|£|£|
|3(a)|Grants|
|Missionary and|charitable|giving|-|8|£3,322|£25,744|>|£29,067|£30,443|
|£3,322|£25,744|+|£29,067|£30,443|
|sporevtecessen|
|3(b)|Church|Activities|
|Ministry|-diocesan|parish|share|£73,914|:|-|£73,914|£75,426|
|other|ministry|costs|£666|-|-|£666|£2,382|
|Youth and children|-|staff costs|£938|£25,033|£25,971|£24,204|
|Youth and|children's|activities|£4,416|£0|-|£4,416|£3,074|
|Church|running expenses and|Maintenance|£1,880|£15,816|-|£17,695|£13,160|
|Cost|of services|£1,853|:|£1,853|£1,905|
|Church|Hall|-|running costs|£709|£14,190|-|£14,899|£10,226|
|Old|Vicarage|- running costs|£606|£16,525|-|£17,131|£10,319|
|Property|Costs|-|Bury|Hill|£821|£0|-|£821|£28,359|
|Property Costs|- Andersons Way|£27,063|£0|-|£27,063|£3,448|
|FinnyMusic|£0|£0|:|£0|£38|
|Discretionary|Funds|£0|£0|£0|£240|
|Support|costs|~- Outreach|£4,233|£0|-|£4,233|£3,215|
|-|Toddlers|£0|£0|©|£0|£163|
|-|Events|and|Refreshments|£1,419|£0|-|£1,419|£0|
|-|Small|Groups|£74|£0|-|£74|£1|
|-|Repair and|Café|Hubs|£0|£3,069|-|£3,069|£1,811|
|-|Pastoral|£205|£415|-|£620|£1,277|
|-|Bredfield|£0|£0|:|£0|£2,820|
|Church|Office|£23,243|£20,527|-|£43,769|£33,320|
|Sizewell|£0|£0|£0|£12,199|
|Depreciation|£3,342|=|:|£3,342|£2,781|
|aer|ay|
|£145,381|£95,574|£0|£240,955|£230,362|
|eR|eT|el ee ee|ee|
|TOTAL RESOURCES EXPENDED|£148,703|£121,319|£0|£270,022|£260,811|
|aavonseseaaieetedidestebeseNnIgREONiebdigre|erat|emer enerangee|Aa|RA|LIER|vzNreossamliesmACEUDNGaINAS|
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CeeeC Ce ee ee ee Page 17
St John’s,, Woodbridge. Notes to Financial Statements For the year ended 31 December, 2023
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III
NOTES TO THE FINANCIAL STATEMENTS (continued)
For the year ended 31 December 2023 2023 2022
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| NOTES TO THETO THETHE FINANCIAL STATEMENTS (continued)STATEMENTS (continued)(continued) | ||||||||
|---|---|---|---|---|---|---|---|---|
| For the year ended 31 December 2023year ended 31 December 2023ended 31 December 202331 December 2023December 20232023 | 2023 | 2022 | ||||||
| 4.STAFFCOSTS WagesandSalaries Social SecurityCosts Pension Costs |
£ 58,007 2,013 4,576 |
£ 54,983 754 3,053 |
||||||
| 64,596 | 58,790 | |||||||
| ee | ||||||||
| Duringtheyeartheaveragenumber ofemployeeswas 5 (2022:5),none ofwhomearned £60,000 | p.a, or more. | |||||||
| 4(b).TRANSACTIONSWITH RELATED PARTIES Name Relationship CJohnston PCCMember - KTrefusis WifeofPCCChair '§Gore PCCMember - S$Gore HusbandofPCCMember |
Description Children'sand FamilyWorker Children's and FamilyPastor OfficeCo-ordinator MaintenanceWorker |
Worker Pastor |
2023 £18,880 £8,807 £17,230 £4,128 |
2022 £26,145 £0 £16,226 £5,106 |
||||
| Therewerenootherdisclosable transactions in respect ofPCCmembers, persons closely connected with | them | or | ||||||
| other related parties. | ||||||||
| 4(c). TRUSTEEEXPENSES | 2023 | 2022 | ||||||
| Thenumberof trusteeswhowere paidexpenseswere | 1 | 1 | ||||||
| Theexpenses relateto Ministersexpensesandtravellingandtotal | 2,264 | 608 | ||||||
| 5. FIXED ASSETSFOR USE BYTHE PCC | Freehold | Equipment _ | Fixtures& | 2023 | 2022 | |||
| 5(a)Tangible FixedAssets Cost At 1January2023 Additions inyear Transfer toInvestments |
Property & 389,450 - - 285,712 |
£ 34,522 2,452 - |
Fittings £ 22,112 1,733 - |
Total £ 446,084 4,185 285,712 |
- | Total £ 522,912 334 77,162 |
||
| Disposals | = | = | - | > | = | |||
| At31December2023 | 103,738 | 36,973 | 23,845 | 164,557 | 446,084 | |||
| gg TY |
||||||||
| Depreciation At 1January2023 Charge fortheyear |
31,880 ° |
33,287 2,185 |
21,775 1,157 |
86,942 3,342 |
84,161 2,781 |
|||
| Disposals | + | - | - | - | - | |||
| At31December2023 | 31,880 | 35,472 | 22,932 | 90,284 | 86,942 | |||
| a | a | ee | ||||||
| Net BookValueat31December2023 | 71,858 | 1,502 | 913 | 74,273 | 359,142 | |||
| ec i |
||||||||
| NetBookvalue at31 December 2022 | 357,570 | 1,235 | 337 | 359,142 | 438,751 | |||
| eee | SSS | oo |
The freehold land and buildings comprise the Church Hall, the Old Vicarage, and are valued at cost. The property at 1 Andersons Way, Woodbridge has been transferred to investment property during the year. The property at 44 Bury Hill, Woodbridge continues to be an investment property where a monthly rental is received No depreciation is charged against such property except that improvements are written off over 12 years.
Equipment and Fixtures and Fittings used within PCC premises is depreciated at the following rates - General Equipment on a straight line basis at 25% per annum Computer Equipment on a straight line basis at 33% per annum Fixtures and Fittings on a straight line basis at 25% per annum
NN. SO?) Oe Page 18
St John’s,7 Woodbridge.
Notes to Financial Statements For the year ended 31 December, 2023
yacmesneetrsepmy est mle iii ti a a
NOTES TO THE FINANCIAL STATEMENTS (continued) For the year ended 31 December 2023
5.FIXED ASSETS (continued)
| 5(b)Investmentfixed assets | 2023 | 2022 | |||||
|---|---|---|---|---|---|---|---|
| Investment | Other | ||||||
| Property | Investments | Total | Total | ||||
| Movements in the year: | |||||||
| Marketvalue - 1January 2023 |
£350,000 | £424,392 | £774,392 | £427,078 | |||
| Purchases at cost | £0 | £0 | £0 | £50,000 | |||
| Transfers In | £285,712 | £0 | £285,712 | £77,162 | |||
| Netgains (losses) on revaluation | £114,288 | £52,438 | £166,726 | £220,152 | |||
| MarketValue -31 December2023 | £750,000 | £476,830 | £1,226,830 | £774,392 | |||
| Other Investments: | CCLA Holdings at 31 December 2023 | ||||||
| 8,665.58Accumulation | units in the CBF Global Equity Income Fund | ||||||
| 2,739.34 Accumulation units in CBF Investment Fund | |||||||
| 22,063.94 Accumulation units in CBF UK | Equity Fund | ||||||
| 4,477.37 Income units in CBF Investment Fund | |||||||
| Investment Property: | Freehold Property at 31 | December2023 | -44 Bury Hill Woodbridge | ||||
| Freehold Property at 31 | December 2023 | - 1 Andersons WayWoodbridge | |||||
| 6.ANALYSISOFNETASSETS | Unrestricted | Restricted | Endowment | Total | Total | ||
| Funds | Funds | Funds | 2023 | 2022 | |||
| £ | £ | £ | £ | £ | |||
| Fixed assets forChurch use | 3,914 | 70,358 | ie) | 74,272 | 359,142 | ||
| Investment Assets | 851,212 | 375,617 | 0 | 1,226,830 | 774,392 | ||
| Currentassets | 52,963 | 77,781 | i?) | 130,744 | 136,095 | ||
| Current liabilities | (11,160) | c | o | (11,160) | (13,240) | ||
| Fundbalance | 896,929 | 523,756 | 0 | 1,420,685 | 1,256,389 |
included in unrestricted funds are funds designated by the PCC for specific projects. At 31 December 2023, £794,685 had been designated (2022: £680,397)
SaNeener myname tented iii cia Di Si Be Page 1°
St John’s,7 Woodbridge.
Notes to Financial Statements For the year ended 31 December, 2023
nnnatdEttnNaINtnOSiSns anna
NOTES TO THE FINANCIAL STATEMENTS (continued) For the year ended 31 December 2023
7. FUND DETAILS
Permission has been granted by Charities Commission to dissolve all permanent endowment funds and merge the values with Restricted Discretionary Funds. The movements in restricted funds are as follows -
| FundName | Fund | Incoming | Outgoing | Gainsand | Fund |
|---|---|---|---|---|---|
| Open Bal | Resources | Resources | Losses | Clos Bal | |
| OldVicarageCapitalFund OldVicarageFabricFund GeneralCapital Fund SpireFund Church Fabric Fund |
70,358 70,850 15,659 78,747 185,782 |
is} 2,060 0 0 0 |
i?) 0 (16,491) (1,083) 0 |
it) 6,531 832 12,841 24,315 |
70,358 79,441 0 90,505 210,097 |
| Property FabricFund Outreach Fund Childrenand YoungPeoplesFund |
11,928 15,210 9,358 |
0 0 878 |
0 0 0 |
0 0 i?) |
11,928 15,210 10,236 |
| PastoralFund | 1,076 | 0 | 0 | 0 | 1,076 |
| PastoralTransportFund DiscretionaryFund LeadershipTrainingFund Concert Fund |
1,736 1,056 1,185 543 |
0 18,299 it) 0 |
(415) i?) 0 [e) |
0 849 is} 0 |
1,321 20,203 1,185 543 |
| WMAGBursaryFund Faith&MissionFund WorshipandPrayerFund -GSmith VicarsExpensesFund -AT Goodall RepairCafé HubCafé |
8,930 1,844 0 i) 1,249 282 |
ie} 0 1,013 2,007 1,567 850 |
0 0 (1,013) (2,007) (2,151) (918) |
i¢) it} 0 is) 0 0 |
8,930 1,844 ie) 0 664 214 |
| eS | |||||
| Total Restricted Funds | 475,793 | 26,673 | (24,078) | 45,368 | 523,756 |
| i |
Following a review of reserves and in line with Charities Commission Policy, the assets of two restricted funds have been utilised this year.
AT Goodall which was set aside to cover Vicars expenses has been used for this purpose G Smith which was set aside to cover the cost of hymn and prayer books has been used for the purposes of covering the costs of projection material as the Church broadly use hymn books and prayer books for Wednesday services only with the majority via Easy Worship.
I Page 20
Parochial Church Council of St John’s,, WoodbridgeP3
Notes to Financial Statements For the year ended 31 December, 2023
iaee _t,
NOTES TO THE FINANCIAL STATEMENTS (continued) For the year ended 31 December 2022
8. GRANTS
Total Value of grants
Grants to Grants to Institutions Individuals £29,067 £0
8.1 GRANTS MADE TO INSTITUTIONS
Grants to institutions are noted below -
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|---|---|---|---|---|---|---|---|
|Name of Institution|Purpose|Aveneers|
|Just 42|Ltd|Christian|Youth|Work|in|Woodbridge Area|£8,400|
|CPAS|Relief Work Worldwide|£1,000|
|Crosslinks|Support|for Link|Missionaries|£5,000|
|Cry|in the|Dark|£1,200|
|OMF|Serve the|peoples of|East Asia|£7,500|
|Tear Fund|£3,050|
|9 Other|Charities-|all|under £1,000|£2,917|
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|---|---|---|---|---|---|---|
|£29,067|
|3 DEBTORS AND PREPAYMENTS|2023|2022|
|Prepayments|and|accrued|income|£1,274|£6,613|
|Taxation|£2,463|£2,589|
|£3,737|£9,202|
|i0|LIABILITIES: AMOUNTS|FALLING DUE WITHIN ONE YEAR|2023|2022|
|Creditors|for goods|and|services|£10,611|£12,855|
|Social|Security|and|pension|costs|£550|£386|
|£11,160|£13,241|
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11 CAPITAL COMMITMENTS
The PCC had not authorised any capital expenditure at 31 December 2023. (2022: ENil)
Seprec Page 21
INDEPENDENT EXAMINERS REPORT TO THE PAROCHIAL CHURCH COUNCIL OF ST JOHN’S CHURCH, WOODBRIDGE FOR THE YEAR ENDED 31 DECEMBER 2023
| report to the members on my examination of the accounts of the St John’s Church Woodbridge Parochial Church Council for the year ended 31 December 2023.
Responsibilities and basis of report
As members of the Parochial Church Council you are responsible for the preparation of the accounts in accordance with the Charities Act 2011 (‘the Act’).
| report in respect of my examination of the Parochial Church Council’s accounts carried out under section 145 of the 2011 Act and in carrying out my examination | have followed all the applicable Directions given by the Charity Commission under section 145(5)(b) of the Act.
Independent examiner’s statement
| have completed my examination. | confirm that no material matters have come to my attention in connection with the examination which gives me cause to believe that in, any material respect,:
-
i. the accounting records were not kept in accordance with section 130 of the Act; or
-
ii. | the accounts did not accord with those accounting records; or
-
iii. | the accounts did not comply with the applicable requirements concerning the form and contents 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.
| 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. (L Carl Page FCCA Ensors Accountants LLP
Member of the Institute of Chartered Accountants in England and Wales (ICAEW)
Blyth House
Rendham Road Saxmundham Suffolk IP17 1WA
Dated: 27 March 2024
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