Page 1 of 26 ## Sheffield St. Mark Broomhill (Registered charity number 1128758) ## **Financial Statements** ## **of the Parochial Church Council of The Ecclesiastical Parish of St Mark’s Broomhill, Sheffield** for the year ended 31 December 2023 **Incumbent:** Revd Sue Hammersley **Honorary Treasurer:** Mr David Armstrong **Bank:** HSBC Bank plc Sheffield **Independent Examiner:** Julie Holderness Roddis Taylor Robinson Chartered Accountants **v3.1** Final Page 2 of 26 **Final v3.1** ## **Sheffield St Mark Broomhill** ## **Annual Financial Report of the Parochial Church Council for the year ended 31 December 2023** ## **Administrative information** St Mark’s Church is situated in Broomhill, Sheffield, next to the Royal Hallamshire Hospital. It is part of the Diocese of Sheffield within the Church of England. The correspondence address is the Vicarage, 4 St Mark’s Crescent, Sheffield S10 2SG. St Mark’s Parochial Church Council (“PCC”) is a corporate body established by the Church of England. The PCC operates under the Parochial Church Council Powers Measure and is a Registered Charity (no. 1128758). Members of the PCC are either ex officio, elected by the Annual Parochial Church Meeting (“APCM”) or co-opted. The last APCM was on 23rd April 2023, the next APCM is on 28th April 2024. PCC members who have served at any time during 2022 until the date of this report are: Clergy _Incumbent: Liberal Theologian Assist. Priest_ **Revd Sue Hammersley Revd Beth Keith Revd Shan Rush** _Wardens:_ **James Oliver Dilys Noble** _Representatives on the Deanery & Diocesan Synods: Representatives on the Deanery Synod:_ **David Armstrong** (from November) **Chris Ware Robyn Vesey** _Elected members: 2023 PCC 2022 PCC_ **David Armstrong Martin Godley Emma Castle Nana Nyarko Mke Hunt Nana Nyarko David Armstrong Martin Godley Amanda Pilkington Briony Tayler Amanda Pilkington Briony Tayler Chris Ware Katherine Tattershall Katherine Tattershall Mike Hunt Joy Straits Boyd Morgan Rachel Heginbotham Bekah Hampson** _Co-opted_ (from October 2023) ## **Structure, governance and management** The method of appointment of PCC members is set out in the Church Representation Rules. All Church attendees are encouraged to register on the Electoral Roll and stand for election to the PCC. ## **Objectives and activities** The PCC has the responsibility of cooperating with the Incumbent in promoting in the ecclesiastical parish the whole mission of the Church, pastoral, evangelistic, social and ecumenical. The PCC members are responsible for making decisions on all matters of general concern and importance to the parish including how the funds of the PCC are to be spent The PCC also operates through a number of committees that meet between full meetings of the PCC. These are: _Standing_ (with the power to transact the business of the PCC between its meetings, subject to any directions given by the PCC), _Finance and Fabric, Faith and Justice - currently operating as Home & International Donations and Environment, Communications, Children, Young People and Students (CHYPS), Pastoral and Hospitality, Study & Learning, Worship._ ## **Church Attendance** As reported at the last APCM there were 178 on the Church Electoral Roll. Details of changes in the Roll will be notified at the next APCM. The average Sunday attendance at both in-person services in October 2023 was 161 (137). This number increased significantly at festivals. ## **Review of the year** The report on the activity of the PCC during the year together with reports from the clergy, wardens, the above mentioned PCC committees and other groups within the Church are given in the Annual Report for the year, published separately to this Annual Financial Report. ## **Payments to PCC members, persons closely related them or other related parties** PCC members receiving payments from the PCC during the year included the Vicar, Liberal Theologian and Assistant Priest (see notes 5(d) for details of their expenses). They did not participate in discussions concerning payments made to them. Any payments or expenses were paid to any other PCC member, persons closely connected to them or other related parties are noted within the accounts. Page 3 of 26 **Final v3.1** **Annual Financial Report of the Parochial Church Council for the year ended 31 December 2023** ## **Sheffield St Mark Broomhill** General Cash Reserves **£33,660** (£35,606 2022) Total Investments **£495,965** (£459,605 2022) ## **Reserves** Unrestricted general cash reserves at 31 December 2023 are shown above (with last years figure for comparison). The PCC has a policy to maintain sufficient general reserves to cover at least three month’s unrestricted payments (c£30,000). It is the PCC’s policy to invest deposit fund balances with HSBC (current or deposit accounts) or the CCLA Church of England Deposit Fund. ## **Investments** Total investments as at 31 December are shown above (with last years figure for comparison). All Investments are held with CCLA. Dividends provide income either directly to the general fund or to fabric reserves/deposit accouints. These investments are held for the income they generate rather than the capital value. This value is expected to fluctuate over time. Social Investments are also held with Sheffield Credit Union. These do not generate significant financial returns The Investment Analysis section gives more details ## **Legacies** During 2023 we received the following legacies. These are included in section 4d in the main accounts. From the late Gordon Lentell **£9,965** This legacy was unconditional as to its use and have been placed in the Designated Fund, General Reserve whilst the PCC considers how they should be utilised. **Fixed Assets** During 2023 funds were spent on a number of items that are classified as fixed assets and are depreciated over time. These were: |Building, Property and Organ Improvements
Fixtures, Fittings and Equipment
TOTAL
Corridor lights
Organ blower cable replacement
South steps repairs
Triple Glazing - lower windows
Wall repairs
New lounge chairs|**£1,380**
**£4,750**
**£1,980**
**£7,205**
**£670**
**£2,940**| |---|---| ||**£18,925**| ## **Financial Review (from the 2023 Financial Statements)** During 2023 we recorded a surplus which is a pleasant change from the deficit of 2022. Looking at the Net Current Assets on the Balance sheet the surplus in 2023 was £2,541. This ignores the fluctuations in investment valuations and the depreciation of assets The biggest item causing the surplus was a reduction in electricity cost which was £5,000 less than the budget. The budget was based on using a similar amount of electricity in 2023 as we did in 2021 & 2022. However the new heating controller that was installed just before the pandemic meant that the usage & cost of electricity was significantly less than expected. Regular donations were less than expected in the budget. This shortfall was made up by increases in room hire and the money received from the electricity generated by the solar panels. Page 4of 26 **St Mark's PCC Accounts For the year ended 31 December 2023 Budget Compare - GENERAL FUND ONLY** Final v3.1 ## **Income** Expenditure |Donated income
Planned giving
Income Tax recovered
Collections at all services
Sundry Donations
Activities for generating funds
Car park
Other Income
Income from investments
Church and room hire
PV Panel feed in tarif
Fees
Magazine
Home from Home income
TOTAL
Donations
International Donations
Home Donations
Soup Run
Ministry
Diocesan Common Fund
Vicarage Water / Sewage Charges
Vicar's discretionary fund
Vicars expenses
Liberal Theologian - expenses
Liberal Theologian - house rent
Liberal Theologian - Council Tax
Liberal Theologian - stipend etc
Water / Sewage and alarm maintenance
Curate costs
Assistant Priest Expenses
Visiting clergy and speakers
Children and Youth work
Lay training and visits
Student and Young Adult work
Pastoral Expenses
Church conference/Parish weekend
Running Costs
Gas
Electricity
Water & Sewage
Church repairs and maintenance
Post & Printing
Printing / Copyright Licences
IT Support
Telephones & Broadband
Copier
Grounds maintenance
Waste collection
Cleaning materials
Insurance Premium
Cleaning
Caretaker
Family Worker
Administrator Services
Director of Music (Payroll etc)
Organ / Piano Tuning and Repair
Music Expenses
Organist / Organ Practice Fees
Sanctuary expenses
Library books & Cards
Accounting Costs
Sundry expenses
Trips and Events
Home from Home expenses
Depreciation
Lift Maintenance
Burglar Alarm maintenance
PAT Testing
Fire Alarm maintenance
Boiler maintenance
Fire extinguisher maintenance
Payroll Bureau Charges
Special Expenditure|2023 Budget 2023 Actual
152,000
144,850
37,000
36,295
4,300
4,733
4,500
8,159
13,000
11,979
9,400
10,019
10,000
12,160
3,800
5,107
1,500
1,844
400
50
4,200
4,200
240,100
239,396
11,000
11,000
11,000
11,000
119
70,000
70,000
850
841
-
-
2,500
3,138
1,200
576
5,300
5,417
2,650
2,642
15,850
20,334
1,300
1,176
-
-
410
327
100
92
750
918
500
-
500
-
-
-
-
-
1,400
1,135
17,000
11,558
350
978
11,000
3,157
1,200
1,319
1,000
996
1,400
2,114
1,550
1,704
1,000
889
1,450
4,800
450
389
750
-
5,700
6,113
7,000
7,484
9,200
8,929
18,700
15,677
17,900
17,092
9,000
8,700
1,350
848
449
612
750
910
900
432
75
63
1,300
1,265
1,000
1,208
-
-
-
285
1,200
2,017
800
1,020
600
203
200
193
400
570
150
295
350
331
600
533
-|Difference %age| |---|---|---| |||7,150
-
-5%
705
-
-2%| |||433
10%
3,659
81%| |||1,021
-
-8%| |||619
7%
2,160
22%
1,307
34%
344
23%| |||350
-
-88%| |||-
704
-
-
0%
-
0%| |||119| |||-
0%
9
-
-1%
-| |||638
26%| |||624
-
-52%| |||117
2%| |||8
-
0%| |||4,484
28%| |||124
-
-10%
-
83
-
-20%
8
-
-8%| |||168
22%| |||500
-
-100%
500
-
-100%
-
-
265
-
-19%
5,442
-
-32%| |||628
179%| |||7,843
-
-71%| |||119
10%| |||4
-
0%| |||714
51%
154
10%| |||111
-
-11%| |||3,350
231%| |||61
-
-14%
750
-
-100%| |||413
7%
484
7%| |||271
-
-3%
3,023
-
-16%
808
-
-5%
300
-
-3%
502
-
-37%| |||163
36%
160
21%| |||468
-
-52%
12
-
-16%
35
-
-3%| |||208
21%| |||-| |||285
817
68%
220
28%| |||397
-
-66%
7
-
-4%| |||170
43%
145
97%| |||19
-
-5%
67
-
-11%
-| 240,084 231,399 - 8,685 Page 5 of 26 ## **Sheffield St. Mark Broomhill** ## **Final v3.1** ## **Statement of Financial Activities** |**Sheffield St. Mark Broomhill**
**Statement of Financial Activities**|||||||**Fin**|**al v3.1**| |---|---|---|---|---|---|---|---|---| |**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
Church activities
2.d
**Total Income**
**Expenditure**
Church Activities
3.a
Cost of raising funds
3.b
**Total Expenditure**
Net Income/(Expenditure)
Before Investment Gains/(Losses)
Net Gains and Losses on Investments
**Net Income /(Expenditure)**
**Net Movement in Funds**
Balances Brought Forward at
1 January 2023 (2022)
**Balances Carried Forward at**
**31 December 2023 (2022)**||**2023**||**Total Funds**
**2023**
**£**
**206,643**
**11,979**
**18,321**
**29,462**
**266,405**
**273,483**
**1,565**
**275,048**
**(8,643)**
**39,415**
**30,772**
**30,772**
**752,880**
**783,652**||2022||| ||**Unrestricted Funds**
**General**
**Designated**
**£**
**£**
**193,850**
**10,406**
**11,979**
**-**
**14,219**
**1,812**
**19,348**
**7,844**
**239,396**
**20,062**
**231,399**
**31,439**
**-**
**1,565**
**231,399**
**33,004**
**7,997**
**(12,942)**
**-**
**22,591**
**7,997**
**9,649**
**7,997**
**9,649**
**43,101**
**439,856**
**51,098**
**449,505**|**Restricted**
**Funds**
**£**
**2,387**
**-**
**2,290**
**2,270**
**6,947**
**10,645**
**-**
**10,645**
**(3,698)**
**3,459**
**(239)**
**(239)**
**132,590**
**132,351**|**Endowment**
**Funds**
**£**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**13,365**
**13,365**
**13,365**
**137,333**
**150,698**||Unrestricted Funds
General
Designated
£
£
194,269
1,000
11,400
-
13,227
1,357
16,432
-
235,328
2,357
241,800
33,568
-
-
241,800
33,568
(6,472)
(31,211)
-
(32,535)
(6,472)
(63,746)
(6,472)
(63,746)
49,573
503,602
43,101
439,856|Restricted
Funds
£
3,939
1,507
2,089
1,990
9,525
13,122
-
13,122
(3,597)
(4,911)
(8,508)
(8,508)
141,098
132,590|Endowment
Funds
£
-
-
-
-
-
-
-
-
-
(18,834)
(18,834)
(18,834)
156,167
137,333|Total Funds
2022
£
199,208
12,907
16,673
18,422
247,210
288,490
-
288,490
(41,280)
(56,280)
(97,560)
(97,560)
850,440
752,880| Page 6 of 26 **Final v3.1** ## **Sheffield St. Mark Broomhill** ## **Balance Sheet at 31 December 2023** |**Note**
**Fixed Assets**
_Tangible Fixed Assets_
7.a
Building and organ improvements
Major redecoration
Fixtures, fittings & equipment
_Investments_
7.c
Parochial Church Council property
Trust funds administered by the PCC
Social investments
7.b
**Current Assets**
_Monetary Assets and Debtors_
7.d
Cash at bank and in hand
Deposit accounts
Debtors and prepayments
**Liabilities: Amounts falling**
**due within one year**
Accruals and deferred income
7.e
**Net Current Assets**
**Net Assets**
_Represented by:_
**Funds**
8
Unrestricted
Restricted
Endowment|**2023**
**£**
**£**
**165,659**
-
**5,093**
**170,752**
**304,148**
**133,721**
**58,096**
**495,965**
**8,977**
**107,904**
**3,280**
**120,161**
**(3,226)**
**116,935**
**783,652**
**500,603**
**132,351**
**150,698**
**783,652**|2022
£
£
169,419
-
9,568
178,987
276,625
121,828
61,152
459,605
23,265
91,332
6,079
120,676
(6,388)
114,288
752,880
482,957
132,590
137,333
752,880| |---|---|---| Approved by the Parochial Church Council on and signed on its behalf by: James Oliver (Church warden and PCC Chair) David Armstrong (Honorary Treasurer) The notes on pages 7 to 25 form part of these accounts Page 7 of 26 **Sheffield St. Mark Broomhill Notes to the financial statements For the year ended 31 December 2023** ## **1 Accounting Policy** The PCC is a public benefit entity within the meaning FRS102 (Financial Reporting Standard). 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. They are also prepared under the applicable accounting standards and the current statement of Recommended Practice, Accounting and Reporting by Charities (SORP (FRS102)). The financial statements have been prepared under the historical cost convention except for investment assets, which are shown at market value. ## **Funds** General funds represent the funds of the PCC that are not subject to any restrictions regarding their use and are available for application on the general purposes of the PCC. These include funds designated for a particular purpose by the PCC. The purposes of any restricted and endowment funds are noted in the accounts at note 8 on pages 14 and 15. The accounts include transactions, assets and liabilities for which the PCC can be held responsible. ## **Income** This is included in the Statement of Financial Activities (“SOFA”) when: (1) the PCC becomes legally entitled to the benefit of use of the resources; (2) an inflow of economic benefit is probable, and; (3) the monetary value can be measured with sufficient reliability. Voluntary income and capital sources - Collections are recognised when made. - Amounts receivable under Gift Aid are recognised only when honoured by the giver. - Income tax recoverable on Gift Aid donations is recognised only when claimable. - Grants and bequests to the PCC are accounted for when the amount is payable. - Income from fund raising events is accounted for gross. The sale of books and magazines from the church bookstall are accounted for gross. ## _Income from church activities_ - Income from the hire of the church premises is accounted for on an event by event basis after deduction of caretaking services. - Parochial fees due to the PCC for weddings, funerals etc are accounted for on an event by event basis. _Income from investments_ - Dividends and interest are accounted for when due. _Investment gains and losses_ - Unrealised gains or losses are accounted for on the revaluation of investments at 31 December **Expenditure and liabilities** These are recognised as soon as an outflow of economic benefit is probable. _Grants and donations_ Grants and donations are accounted for when payable. _Church activities_ The Common Fund and Associate Vicar contributions to the Diocese are accounted for when payable. _Pension costs and other post retirement benefits_ The PCC operates a defined contribution pension scheme. Contributions payable to the pension scheme are charged to the SOFA in the period to which they relate **Fixed assets** _Consecrated land and buildings and moveable church furnishing_ sConsecrated and beneficed property (the church buildings and grounds) is excluded from the accounts by the Charities Act 2011 The building and organ improvements and moveable church furnishings held by the Vicar and Churchwardens on special trust for the PCC, and which require a faculty for disposal, are accounted as inalienable property unless consecrated. For inalienable property acquired prior to 2001 there is insufficient cost information available and therefore such assets are not valued in the accounts. Items acquired since 1 January 2001 have been capitalised and depreciated in the accounts over their currently anticipated useful economic life (either over 25 or 10 years) on a straight-line basis. All expenditure incurred in the year on consecrated buildings or beneficed building (excluding building and organ improvements, asbestos stabilisation and redecoration), individual items under £500 (discretionary limit) or on the repair of moveable church furnishings is written-off. ## _Other fixtures, fittings and office equipment_ Items used within the church premises are depreciated on a straight-line basis over four years. Individual items of equipment with a purchase value of £500 (discretionary limit) or less or repairs are written off in the period in the year. Equipment rentals are paid and charged as they are incurred. _Investments_ Investments are valued at market value at 31 December. ## **Net current assets** Amounts owing to the PCC at 31 December in respect of fees, rents and room hire or other income are shown as debtors if the individual debts are greater than £500 or otherwise on a discretionary basis if required. Costs and expenses payable by the PCC at 31 December are accrued if the individual amounts are greater than £500 or otherwise on a discretionary basis if required. Stocks of books and consumables are written off in the year acquired if their remaining cost or net realisable value is less than £500. Deposit accounts include cash held on deposit with the Central Board of Finance of the Church of England, the Sheffield Credit Union or at the Bank. **Final v3.1** Page 8 of 26 ## **Sheffield St. Mark Broomhill** ## **Notes to the financial statements** **----- Start of picture text -----**
For the year ended 31 December 2023 2023 2022
Unrestricted Funds Restricted Endowment Total Funds Unrestricted Funds Restricted Endowment Total Funds
General Designated Funds Funds 2023 General Designated Funds Funds 2022
Note £ £ £ £ £ £ £ £ £ £
2 Income and Endowments
2.a Voluntary income
Planned giving:
Gift Aid donations 139,505 - - - 139,505 136,691 - - - 136,691
Income tax recovered 4.a 36,295 421 - - 36,716 35,462 - - - 35,462
- - - - - -
Other planned giving 5,345 5,345 11,588 11,588
Card & Cash donations 4,340 20 - - 4,360 3,292 - - - 3,292
Web Giving 393 - - - 393 947 - - - 947
Grants received 4.b 1,150 - - - 1,150 - - 2,636 - 2,636
Donations, appeals, etc 4.c - - 2,387 - 2,387 - - 1,303 - 1,303
Legacies and bequests 4.d - 9,965 - - 9,965 - 1,000 - - 1,000
- - - - - -
Sundry donations 6,822 6,822 6,289 6,289
2.a TOTAL 193,850 10,406 2,387 - 206,643 194,269 1,000 3,939 - 199,208
2.b Activities for generating funds
- - - - - -
Car park 11,979 11,979 11,400 11,400
Fund raising events & activities - - - - - - - 1,507 - 1,507
2.b TOTAL 11,979 - - - 11,979 11,400 - 1,507 - 12,907
All fund raising in 2024 was towards the Diamond Anniversary appeal shown below.
2.c Income from investments
Dividends 9,466 898 2,055 - 12,419 8,991 1,269 2,041 - 12,301
Interest 553 914 235 - 1,702 26 88 48 - 162
Home from Home rental income 4,200 - - - 4,200 4,210 - - - 4,210
2.c TOTAL 14,219 1,812 2,290 - 18,321 13,227 1,357 2,089 - 16,673
2.d Church activities
Church and room hire 12,160 - - - 12,160 10,639 - - - 10,639
PV (solar) Panel - Feed in Tariff income 5.e 5,107 - - - 5,107 2,812 - - - 2,812
Parish Weekend Income 5.j - - - - - - - 1,990 - 1,990
- - - - - -
Fees for weddings and funerals 1,844 1,844 2,640 2,640
Magazines and sundry publications 50 - - - 50 324 - - - 324
Insurance claims - - 2,270 - 2,270 - - - - -
Printing income 187 - - - 187 - - - - -
- - - - - - - -
Diamond Anniversary income 7,844 7,844
Bookstall - - - - - 17 - - - 17
2.d TOTAL 19,348 7,844 2,270 - 29,462 16,432 - 1,990 - 18,422
- -
Total Incoming Resources 239,396 20,062 6,947 266,405 235,328 2,357 9,525 247,210
**----- End of picture text -----**
**Final v3.1** Page 9 of 26 ## **Sheffield St. Mark Broomhill** ## **Notes to the financial statements** **----- Start of picture text -----**
For the year ended 31 December 2023 2023 2022
Unrestricted Funds Restricted Endowment Total Funds Unrestricted Funds Restricted Endowment Total Funds
General Designated Funds Funds 2023 General Designated Funds Funds 2022
Note £ £ £ £ £ £ £ £ £ £
3 Expenditure
3.a Church Activities
Outreach 5.a 22,119 - 2,387 - 24,506 22,094 - 1,303 - 23,397
Diocese 5.b 70,000 - - - 70,000 88,913 - - - 88,913
Staff costs 5.c 57,127 7,145 1,798 - 66,070 53,709 5,924 - - 59,633
Clergy costs 5.d 34,543 - - - 34,543 27,885 - - - 27,885
Utilities 5.e 21,877 - - - 21,877 18,493 - - - 18,493
Running costs 5.f 21,986 - - - 21,986 27,046 2,376 2,156 - 31,578
Other ministry 5.g 918 370 400 - 1,688 1,475 400 697 - 2,572
- -
Depreciation on building and organ 2,017 22,139 6,060 30,216 1,816 22,893 6,963 31,672
Sundries 5.h 812 1,785 - - 2,597 369 1,975 2,003 - 4,347
3.a TOTAL 231,399 31,439 10,645 - 273,483 241,800 33,568 13,122 - 288,490
3.b Cost of raising funds
- - - - - - - -
Diamond Anniversary expenses 1,565 1,565
3.b TOTAL - 1,565 - - 1,565
-
Total Expenditure less depreciation 229,382 10,865 4,585 244,832
- These calculations are to give an idea of surplus or deficit ignoring
Cost of capitalised new assets 14,005 2,940 1,980 18,925
- the effect of capitalisation and are for illustratiuve purposes only.
Total expenditure excluding capitalisation 243,387 13,805 6,565 263,757
This is the same as the movement in net current assets seen on the
Surplus / (Deficit) excluding capitalisation (3,991) 6,257 382 - 2,648 balance sheet.
- -
Total Resources Expended 231,399 33,004 10,645 275,048 241,800 33,568 13,122 288,490
**----- End of picture text -----**
**Final v3.1** Page 10 of 26 ## **Sheffield St. Mark Broomhill** ## **Notes to the financial statements** **----- Start of picture text -----**
For the year ended 31 December 2023 2023 2022
Unrestricted Funds Restricted Endowment Total Funds Unrestricted Funds Restricted Endowment Total Funds
General Designated Funds Funds 2023 General Designated Funds Funds 2022
Note £ £ £ £ £ £ £ £ £ £
4 Analysis of Incoming Resources
4.a Tax recovered
Income tax recovered 36,295 421 - - 36,716 35,462 - - - 35,462
4.a TOTAL 36,295 421 - - 36,716 35,462 - - - 35,462
4.b Grants
Grants received 1,150 - - - 1,150 - - 2,636 - 2,636
4.b TOTAL 1,150 - - - 1,150 - - 2,636 - 2,636
In 2023 we received a grant to a value of £1,150 from the Diocese towards energy costs. These grants were made to all parishes.
A grant of £750 was received in 2013 from Waitrose towards the costs of hosting Christmas Lunches. £162 was utilised in 2013 with £100 in 2014, £175 in 2016 and £137 in 2017. This has since been unused
since with the unused balance of £176 has been carried forward (as part of Grants Received in Advance shown in note 7(e)).
4.c Donations, appeals etc
- - - - - -
Special Collections 2,387 2,387 1,303 1,303
- - - - - - - - - -
Specific donations and appeals
4.c TOTAL - - 2,387 - 2,387 - - 1,303 - 1,303
Special collections relate to specific collections for Home and International causes (see note 5(a)).
4.d Legacies and bequests
From the late Gordon Lentell - 9,965 - - 9,965 - - - - -
- - - - - - - -
From the late Susan Murray 1,000 1,000
- - - - - - - - - -
- - - - - - - - - -
4.d TOTAL - 9,965 - - 9,965 - 1,000 - - 1,000
Bequests 9,965 1,000
Notes: All the above bequests are unconditional. Unused funds have been placed in the Designated General Reserve deposit account subject to the PCC determining how the funds should be utilised. The funds
that have been used are detailed in note 9.a
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**Final v3.1** Page 11 of 26 ## **Sheffield St. Mark Broomhill** ## **Notes to the financial statements** **----- Start of picture text -----**
For the year ended 31 December 2023 2023 2022
Unrestricted Funds Restricted Endowment Total Funds Unrestricted Funds Restricted Endowment Total Funds
General Designated Funds Funds 2023 General Designated Funds Funds 2022
Note £ £ £ £ £ £ £ £ £ £
5 Analysis of Resources Expended
5.a Outreach
International Donation Details
Bwindi 1,050 - - - 1,050 1,100 - - - 1,100
Care4Calais 1,050 - 461 - 1,511 1,100 - - - 1,100
Christian Aid - General 1,050 - 805 - 1,855 1,100 - 72 - 1,172
- - - - - -
Global Justice Sheffield (local) 1,050 1,050 1,100 1,100
- - - - - -
Literacy for Life 1,050 1,050 1,100 1,100
Middle Eastern Women & Society Organisation 1,050 - - - 1,050 1,100 - - - 1,100
Phase 1,050 - - - 1,050 1,100 - - - 1,100
- - - - - -
Practical Action (Intermediate Technology Group) 1,050 1,050 1,100 1,100
Succol 1,050 - - - 1,050 1,100 - - - 1,100
USPG 1,050 - - - 1,050 - - - - -
Hope for the future 500 - - - 500 - - - - -
Omid - - - - 1,100 - - - 1,100
- - - - - - - -
Allocated total 11,000 - 1,266 - 12,266 11,000 - 72 - 11,072
Oxfam - - 78 - 78 - - - - -
Christian Aid - - - - - - - 14 - 14
DEC Ukraine appeal - 277 277
Families relief - 157 157
Red Cross - Pakistan floods - 55 55
- - - - - - - - - -
TOTAL 11,000 - 1,344 - 12,344 11,000 - 575 - 11,575
International donations 11,000 - 11,000 0
Notes: Restricted Fund donations of £1,344 (2022 £575) are all from the proceeds of special collections (see note 4(c)) and were paid immediately to the charities in question.
General Fund donations of £11,000 (2022 £11,000) have been allocated on recommendation of the International Donations Committee and approved by the PCC.
Restricted donations exclude donation made by members of the congregation directly to the charities when an appeal was made.
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**Final v3.1** Page 12 of 26 ## **Sheffield St. Mark Broomhill** ## **Notes to the financial statements** **----- Start of picture text -----**
For the year ended 31 December 2023 2023 2022
Unrestricted Funds Restricted Endowment Total Funds Unrestricted Funds Restricted Endowment Total Funds
General Designated Funds Funds 2023 General Designated Funds Funds 2022
Note £ £ £ £ £ £ £ £ £ £
Home donation Details
South Yorkshire Refugee Law and Justice 2,000 - 304 - 2,304 1,500 - - - 1,500
Bens Centre 2,000 - - - 2,000 1,000 - 72 - 1,072
Citizens Advice Sheffield 1,400 - - - 1,400 1,975 - - - 1,975
- - - - - -
Broomhall Girls Youth Group 1,000 1,000 1,000 1,000
Fir Vale Hub 1,000 - - - 1,000 - - - - -
mums in need 1,000 - - - 1,000 - - - - -
UWA 1,000 - - - 1,000 - - - - -
Broomhall centre 500 - - - 500 500 - - - 500
Hope for the future 500 - - - 500 - - - - -
Inclusive Church 500 - - - 500 - - - - -
S6 Food Bank - - 253 - 253 500 - - - 500
Food works - - 125 - 125 1,000 - - - 1,000
eco church 75 - - - 75 - - - - -
Church Action on Poverty Sheffield (annual sub) 25 - - - 25 25 - 149 - 174
S2 Food bank - - - - - 1,500 - - - 1,500
- - - - - - - -
Hardship Fund Of Sheffield Carers Centre 1,000 1,000
SCCCC - - - - - 1,000 - - - 1,000
- - - - - - - - - -
- - - - - - - -
Allocated total 11,000 - 682 - 11,682 11,000 - 221 - 11,221
One Body One Faith - - 163 - 163 - - 20 - 20
Children's Society - - 108 - 108 - - 54 - 54
Lost Chord - - 90 - 90 - - - - -
Archer project - - - - - - - 347 - 347
Trussell Trust - - - - - - - 86 - 86
- - - - - - - - - -
TOTAL 11,000 - 1,043 - 12,043 11,000 - 728 - 11,728
Home donations 11,000 - 11,000 -
Notes: Restricted Fund donations of £1,043 (2022 £728) are all from the proceeds of special collections (see note 4(c)) and were paid immediately to the charities in question.
General Fund donations of £11,000 (2022 £11,000) have been allocated on recommendation of the Home Donations Committee and approved by the PCC.
Restricted donations exclude donation made by members of the congregation directly to the charities when an appeal was made.
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**Final v3.1** Page 13 of 26 ## **Sheffield St. Mark Broomhill** ## **Notes to the financial statements** **----- Start of picture text -----**
For the year ended 31 December 2023 2023 2022
Unrestricted Funds Restricted Endowment Total Funds Unrestricted Funds Restricted Endowment Total Funds
General Designated Funds Funds 2023 General Designated Funds Funds 2022
Note £ £ £ £ £ £ £ £ £ £
International Donations total 11,000 - 1,344 - 12,344 11,000 - 575 - 11,575
Home Donations total 11,000 - 1,043 - 12,043 11,000 - 728 - 11,728
Soup Run expenses (net of donations) 119 - - - 119 94 - - - 94
5.a TOTAL 22,119 - 2,387 - 24,506 22,094 - 1,303 - 23,397
Notes:
5.b Diocese
Diocesan Common Fund 70,000 - - - 70,000 88,913 - - - 88,913
5.b TOTAL 70,000 - - - 70,000 88,913 - - - 88,913
Notes: The payment to the Diocese £70,000 covers the full costs of one member of staff. Any additional payments made in previous years support the general work of the diocese.
5.c Wages and salaries (including employer's National Insurance Contributions (NIC) and expenses)
Family Worker 15,677 866 1,798 - 18,341 15,709 - - - 15,709
Administrator costs 17,092 - - - 17,092 15,903 - - - 15,903
Director of Music 8,700 6,279 - - 14,979 8,184 5,924 - - 14,108
Caretaker 8,929 - - - 8,929 7,344 - - - 7,344
Cleaner costs 6,729 - - - 6,729 6,569 - - - 6,569
5.c TOTAL 57,127 7,145 1,798 - 66,070 53,709 5,924 - - 59,633
Notes: Cleaning costs include the salaries of two part-time employed cleaners, Tim Moore and John Whitmill.
Cleaning materials and supplies are detailed under Cleaning in section 5.f below.
Caretaking costs are reduced when Tim acts as veger/caretaker during weddings or funerals and the costs for his time are recovered through fees.
The Director of Music is funded both from the general fund with additional funding for 5 years from 2018 from recent legacies. The legacy funding shows in the Designated column.
All the emoluments for each employee are shown above and also included are £nil (2022 £nil) Employer's NIC payments (after Employer's NIC allowances), £1,076 (2022 £680) Employer's Pension
Contributions and £nil (2022 £nil) paid in expenses.
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**Final v3.1** Page 14 of 26 ## **Sheffield St. Mark Broomhill** ## **Notes to the financial statements** **----- Start of picture text -----**
For the year ended 31 December 2023 2023 2022
Unrestricted Funds Restricted Endowment Total Funds Unrestricted Funds Restricted Endowment Total Funds
General Designated Funds Funds 2023 General Designated Funds Funds 2022
Note £ £ £ £ £ £ £ £ £ £
5.d Clergy Costs
Liberal Theologian
- - - - - -
Liberal Theologian's stipend, pension & NIC 20,334 20,334 15,066 15,066
- - - - - -
Liberal Theologian's house rent 5,417 5,417 5,000 5,000
- - - - - -
Liberal Theologian's council tax 2,642 2,642 2,510 2,510
Liberal Theologian's utilities and alarm maintenance 1,176 - - - 1,176 800 - - - 800
Liberal Theologian's expenses 576 - - - 576 678 - - - 678
Vicar
- - - - - -
Vicars Expenses 3,138 3,138 2,491 2,491
Vicarage water charges 841 - - - 841 772 - - - 772
Other clergy
Assistant Priest's expenses 327 - - - 327 341 - - - 341
Visiting clergy and speakers 92 - - - 92 227 - - - 227
5.d TOTAL 34,543 - - - 34,543 27,885 - - - 27,885
Notes: The Liberal Theologian's contract was amended from September from 0.4 to full time.
5.e Utilities
- - - - - -
Electricity charges 11,558 11,558 9,679 9,679
Insurance 6,113 - - - 6,113 5,395 - - - 5,395
- - - - - -
Telephones & Broadband 1,704 1,704 1,456 1,456
- - - - - -
Gas charges 1,135 1,135 1,298 1,298
Water and sewage charges 978 - - - 978 318 - - - 318
Waste collection 389 - - - 389 347 - - - 347
5.e TOTAL 21,877 - - - 21,877 18,493 - - - 18,493
Notes: PV (Solar) panels have been fully operational on the Church roof since 2012. In 2023 Feed in Tariff income of £5,107 (2022 £2,812) was received from surplus electricity generated by the panels (see
note 2(d)). This income helps to offset the annual electricity charges. This figure is the cost before this offset.
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**Final v3.1** Page 15 of 26 ## **Sheffield St. Mark Broomhill** ## **Notes to the financial statements** **----- Start of picture text -----**
For the year ended 31 December 2023 2023 2022
Unrestricted Funds Restricted Endowment Total Funds Unrestricted Funds Restricted Endowment Total Funds
General Designated Funds Funds 2023 General Designated Funds Funds 2022
Note £ £ £ £ £ £ £ £ £ £
5.f Running Costs
Grounds 4,800 - - - 4,800 1,234 2,376 - - 3,610
- - - - -
Church repairs and maintenance 3,157 3,157 14,038 2,088 16,126
- - - - - -
IT Support 2,114 2,114 1,380 1,380
Post & Printing 1,319 - - - 1,319 944 - - - 944
Lift maintenance 1,020 - - - 1,020 720 - - - 720
Printing Licences 996 - - - 996 787 - - - 787
Auditor/Independent Examiner's Fee 978 - - - 978 931 - - - 931
Organist fees 910 - - - 910 950 - - - 950
Copier Lease Costs 889 - - - 889 919 - - - 919
Organ and piano maintenance 848 - - - 848 779 - - - 779
Cleaning 755 - - - 755 713 - - - 713
Music expenses and RSCM subscription 612 - - - 612 110 - - - 110
Fire Alarm maintenance 570 - - - 570 361 - - - 361
Payroll Bureau Charges 533 - - - 533 529 - - - 529
Sanctuary expenses 432 - - - 432 793 - - - 793
Refreshments 396 - - - 396 267 - 68 - 335
Fire Extinguisher maintenance 331 - - - 331 314 - - - 314
Boiler maintenance 295 - - - 295 - - - - -
Accounting package charges 287 - - - 287 287 - - - 287
Home from Home expenses 285 - - - 285 226 - - - 226
Burglar Alarm maintenance 203 - - - 203 551 - - - 551
PAT Testing 193 - - - 193 179 - - - 179
Library books 63 - - - 63 34 - - - 34
- - - - - - - - - -
Bookstall expenditure
5.f TOTAL 21,986 - - - 21,986 27,046 2,376 2,156 - 31,578
Notes: Significant additional amounts (£18,295) were spent on repairs and maintenance during 2023 but have been capitalised so are shown on the Fixed Assets register.
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**Final v3.1** Page 16 of 26 ## **Sheffield St. Mark Broomhill** ## **Notes to the financial statements** **----- Start of picture text -----**
For the year ended 31 December 2023 2023 2022
Unrestricted Funds Restricted Endowment Total Funds Unrestricted Funds Restricted Endowment Total Funds
General Designated Funds Funds 2023 General Designated Funds Funds 2022
Note £ £ £ £ £ £ £ £ £ £
5.g Other ministry
Children and youth work 918 - - - 918 1,109 - - - 1,109
Assistance from Social Fund - - 400 - 400 - - 11 - 11
Grants (Expenditure) - 370 - - 370 - 400 686 - 1,086
- - - - - - - - - -
Pastoral expenses
Lay Training fees and expenses - - - - - 286 - - - 286
- - - - - - - - - -
Student & Young Peoples Work
Trips and Events - - - - - 80 - - - 80
- - - - - - - - - -
Vicar's Discretionary Fund
5.g TOTAL 918 370 400 - 1,688 1,475 400 697 - 2,572
Notes: Grants were made from the Mainland/Stamper Bursary funds and the Social fund.
One grant with a total value of £370 was made from the Mainland Bursary Fund towards the cost of organ lessons for our Organ scholar.
Two grants totaling £400 were made from the Social fund during the year.
5.h Sundries
- - - - - -
CRC Online expenses 1,776 1,776 1,975 1,975
Sundry Expenses 5.i 812 9 - - 821 369 - - - 369
- - - - - - - - - -
Special Expenditure
- - - - - - - - - -
Legacy expenditure
- - - - - - - -
Parish Weekend Expenditure 5.j 2,003 2,003
5.h TOTAL 812 1,785 - - 2,597 369 1,975 2,003 - 4,347
Notes:
CRC Online expenses:
These expenses are for the maintenance of the CRC website. This was demised during the year with all funds being used.
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**Final v3.1** Page 17 of 26 ## **Sheffield St. Mark Broomhill** ## **Notes to the financial statements** **----- Start of picture text -----**
For the year ended 31 December 2023 2023 2022
Unrestricted Funds Restricted Endowment Total Funds Unrestricted Funds Restricted Endowment Total Funds
General Designated Funds Funds 2023 General Designated Funds Funds 2022
Note £ £ £ £ £ £ £ £ £ £
5.i Sundry Expenses - breakdown
Gifts and Presentations 270 - - - 270 100 - - - 100
Church Flowers 192 - - - 192 40 - - - 40
Performing Rights Society Fees 136 - - - 136 - - - - -
Bank charges 93 - - - 93 101 - - - 101
Other Sundries 73 - - - 73 95 - - - 95
Card Fees 48 9 - - 57 33 - - - 33
5.i TOTAL 812 9 - - 821 369 - - - 369
5.j Church Conference/Parish Weekend Receipts and Payments Summary
Receipts
Parish Weekend Income - - - - - - - 1,990 - 1,990
- - - - - - - -
1,990 1,990
Payments
- - - - - - - - - -
Initial deposit
- - - - - -
Parish Weekend Expenditure 2,003 2,003
- - - - - - - -
Total net expenditure 2,003 2,003
- - - - - - - -
Net (deficit)/surplus to General Fund (13) (13)
Notes: The details above are for the 2022 Parish Weekend which was held "At Home"
The surplus of £1,650 is carried forwards made up from £1,663 from the previous weekend less the £13 deficit above.
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**Final v3.1** Page 18 of 26 ## **Sheffield St. Mark Broomhill** **----- Start of picture text -----**
Notes to the financial statements
2023 2022
For the year ended 31 December 2023
Unrestricted Funds Restricted Endowment Total Funds Unrestricted Funds Restricted Endowment Total Funds
General Designated Funds Funds 2023 General Designated Funds Funds 2022
7 Analysis of Net Assets by Fund £ £ £ £ £ £ £ £ £ £
7.a Tangible Fixed Assets
Analysis of Net Book Value by Fund at 31 December 2023 (2022)
Building, Property and Organ Improvements 14,540 56,948 94,171 - 165,659 1,831 69,337 98,251 - 169,419
- - - - - - - - - -
Major redecoration
Fixtures, Fittings and Equipment 2,423 2,670 - - 5,093 3,143 6,425 - - 9,568
Total Net Book Value by Fund 16,963 59,618 94,171 - 170,752 4,974 75,762 98,251 - 178,987
Analysis by asset type Building, Property, Major Fixtures, Fittings Totals Significant assets
Organ Improvements Redecoration and Equipment £
£ £ £ £ Building, Property and Organ Improvements
Actual/Deemed Cost At 1 January 2023 462,344 24,185 129,026 615,555 2002 244,650 Major work in upper room
Additions in year: 2004 12,512 Car park upgrade
Building, Property and Organ Improvements - 2008 9,353 Tower Louvers
Organ blower cable replacement General Funds 1,380 - - 1,380 2009 14,094 South steps railings
South steps repairs General Funds 4,750 - - 4,750 7,130 Electrical wiring
Triple Glazing - lower windows Restricted Funds 1,980 - - 1,980
Wall repairs General Funds 7,205 - - 7,205
Major redecoration 2011 32,205 PV Panels
None - - - - 2011/2 11,144 Underfloor heating
Fixtures, Fittings and Equipment 2012 2,176 Loft insulation
Corridor lights General Funds - - 670 670 2013 1,512 Spire/tower renovations
New lounge chairs Designated Funds - - 2,940 2,940 1,367 Wiring upgrade
- - - - 2014/5 115,651 Organ refurbishment
Disposals 2018 76,932 Social house investment
None - - - -
Total additions in year 15,315 - 3,610 18,925 Fixtures, Fittings & Equipment
total disposals in year - - 2020 21,981 New AV system for church
At 31 December 2023 477,659 24,185 132,636 634,480
Depreciation At 1 January 2023 292,925 24,185 119,458 436,568 Major Redecorations
Charge for the year 19,076 - 8,084 27,160 2003 24,185 Asbestos stabilisation
- - - -
eliminated on disposals
At 31 December 2023 312,001 24,185 127,542 463,728
Net Book Value At 31 December 2023 165,658 - 5,094 170,752
At 31 December 2022 169,419 - 9,568 178,987
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**Final v3.1** Page 19 of 26 ## **Sheffield St. Mark Broomhill** **----- Start of picture text -----**
Notes to the financial statements
2023 2022
For the year ended 31 December 2023
Unrestricted Funds Restricted Endowment Total Funds Unrestricted Funds Restricted Endowment Total Funds
General Designated Funds Funds 2023 General Designated Funds Funds 2022
7 Analysis of Net Assets by Fund £ £ £ £ £ £ £ £ £ £
7.b Social House investment
Analysis of Net Book Value by Fund at 31 December 2023 (2022)
Social Investment - 58,096 - - 58,096 - 61,152 - - 61,152
Total Net Book Value by Fund - 58,096 - - 58,096 - 61,152 - - 61,152
Analysis by asset type Social Investment Totals
£ £ £ £
Actual/Deemed Cost At 1 January 2023 76,440 - 76,440
Additions in year:
None - - - -
Disposals
None - - - -
- - - -
Total additions in year
- - -
Total disposals in year
At 31 December 2023 76,440 - - 76,440
Depreciation At 1 January 2023 15,288 - - 15,288
Charge for the year 3,056 - 3,056
- -
eliminated on disposals
At 31 December 2023 18,344 - - 18,344
Net Book Value At 31 December 2023 58,096 - - 58,096
At 31 December 2022 61,152 - - 61,152
**----- End of picture text -----**
In accordance with the Accounting Policies (see page 3), all major expenditure on fixed assets from 1 January 2001 has been capitalised and depreciated annually on a straight line basis (over 25 years for building and Organ improvements and social hoousing investments, 10 years for major redecorations and 4 years for fixtures, fittings and equipment). Page 20 of 26 **Final v3.1** ## **Sheffield St. Mark Broomhill** |**Sheffield St. Mark Broomhill**||Page 20 of|26|||**Fin**|**al v3.1**| |---|---|---|---|---|---|---|---| |**Notes to the financial statements**
**For the year ended 31 December 2023**
**Unrestricted Funds**
**7**
**Analysis of Net Assets by Fund (continued)**
**General**
**Designated**
**Note**
**£**
**£**
7.a
**Tangible Fixed Assets**
**16,963**
**59,618**
7.c
**Investments**
_Social Investments_
Social House Investment
**-**
**58,096**
**-**
**58,096**
_Parochial Church Council property_
8.c.i
ID1
General Investment
**-**
**217,417**
ID2
Fabric Investment (Restricted)
**-**
**-**
ID3
Fabric Investment (Designated)
**-**
**25,837**
ID4
Berry Bequest Investment
**-**
**-**
ID5
Mainland & Stamper Bursary Investment
**-**
**5,817**
ID6
Kelk Bequest Investment
**-**
**-**
**-**
**249,071**
_Trust funds administered by the PCC_
8.c.ii
ID7
Church Hall Charity Investment
**-**
**-**
ID8
Miss Thomas Bequest Investment
**-**
**-**
ID9
Friends of St Marks Investment
**-**
**-**
ID10
Elliott Bequest Investment
**-**
**-**
**-**
**-**
**Investments Total**
**-**
**307,167**
7.d
**Reserves**
_General reserves_
8.a
PCC current account
**5,576**
**10,599**
ID11
General Reserve deposit account
7.f
**28,084**
**58,892**
**33,660**
**69,491**
_Fabric reserves_
8.a & 8.b
ID12
Sheffield Credit Union deposit account
**-**
**10,701**
ID13
Fabric Deposit (Restricted)
**-**
**-**
ID14
Miss Thomas Bequest deposit account
**-**
**-**
ID15
Fabric Deposit (Designated)
**-**
**2,473**
**-**
**13,174**
_Other reserves and accounts_
8.b
ID16
Social Fund
**-**
**-**
ID17
Mainland & Stamper Bursary Deposit Account
**-**
**55**
ID18
Cash/Undeposited Receipts
**35**
**-**
ID19
CRC Online Susp Account
**-**
**-**
ID20
Hospitality Fund Deposit Account
**-**
**-**
Youth Deposit account
**-**
**-**
Children and Young People deposit account
**-**
**-**
**35**
**55**
**Reserves Total**
**33,695**
**82,720**
ID21||**2023**||**Total Funds**
**2023**
**£**
**170,752**
**58,096**
**58,096**
**217,417**
**38,100**
**25,837**
**14,784**
**5,817**
**2,193**
**304,148**
**73,433**
**35,309**
**18,039**
**6,940**
**133,721**
**495,965**
**8,977**
**86,976**
**95,953**
**10,701**
**3,647**
**3,196**
**2,473**
**20,017**
**821**
**55**
**35**
**-**
**-**
**-**
**-**
**911**
**116,881**||2022|| |||**Restricted**
**Funds**
**£**
**94,171**
**-**
**-**
**-**
**38,100**
**-**
**-**
**-**
**-**
**38,100**
**-**
**-**
**-**
**-**
**-**
**38,100**
**(7,198)**
**-**
**(7,198)**
**-**
**3,647**
**3,196**
**-**
**6,843**
**821**
**-**
**-**
**-**
**-**
**-**
**-**
**821**
**466**|**Endowment**
**Funds**
**£**
**-**
**-**
**-**
**-**
**-**
**-**
**14,784**
**-**
**2,193**
**16,977**
**73,433**
**35,309**
**18,039**
**6,940**
**133,721**
**150,698**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**||Unrestricted Funds
General
Designated
£
£
4,974
75,762
-
61,152
-
61,152
-
197,676
-
-
-
23,491
-
-
-
5,313
-
-
-
226,480
-
-
-
-
-
-
-
-
-
-
-
287,632
35,606
(6,017)
-
68,266
35,606
62,249
-
10,595
-
-
-
-
-
1,648
-
12,243
-
-
-
256
-
-
-
1,804
-
-
-
-
-
-
-
2,060
35,606
76,552|Restricted
Endowment
Funds
Funds
£
£
98,251
-
-
-
-
-
-
-
34,640
-
-
-
-
13,502
-
-
-
2,003
34,640
15,505
-
66,766
-
32,249
-
16,475
-
6,338
-
121,828
34,640
137,333
(6,324)
-
-
-
(6,324)
-
-
-
2,430
-
2,150
-
-
-
4,580
-
1,031
-
-
-
-
-
-
-
1,363
-
1,289
-
500
-
4,183
-
2,439
-|Total Funds
2022
£
178,987
61,152
61,152
197,676
34,640
23,491
13,502
5,313
2,003
276,625
66,766
32,249
16,475
6,338
121,828
459,605
23,265
68,266
91,531
10,595
2,430
2,150
1,648
16,823
1,031
256
-
1,804
1,363
1,289
500
6,243
114,597| Page 21 of 26 **Final v3.1** **Sheffield St. Mark Broomhill** |**Sheffield St. Mark Broomhill**||Page 21 of|26|||**Fin**|**al v3.1**| |---|---|---|---|---|---|---|---| |**Notes to the financial statements**
**For the year ended 31 December 2023**
**7**
**Analysis of Net Assets by Fund (continued)**
**Note**
**Debtors and prepayments**
PA1
Income tax recovery due at year end
PA2
PV Panel FIT income due at year end
PA3
Room hire outstanding
General Income debtors
7.e
**Accruals and deferred income**
PA4
Electricity and Gas owed at year end
PA5
Fees owed
PA6
Expenditure Accruals
PA7
Grants received in advance
CRC Accruals
International donations owed at year end
Diocese
**Fund Balance**
7.f
**General reserve deposit account breakdown**
General Reserve
Legacy Reserve
Diamond Anniversary
Fabric Reserve
Director of Music funding
Home from Home maintenance funding||**2023**||**Total Funds**
**2023**
**£**
**2,637**
**558**
**85**
**-**
**3,280**
**(2,389)**
**(100)**
**(451)**
**(286)**
**-**
**-**
**-**
**(3,226)**
**783,652**||2022|| ||**Unrestricted Funds**
**General**
**Designated**

**£**
**£**
**2,637**
**-**
**558**
**-**
**85**
**-**
**-**
**-**
**3,280**
**-**
**(2,389)**
**-**
**-**
**-**
**(451)**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**(2,840)**
**-**
**51,098**
**449,505**
**28,084**
**47,516**
**6,279**
**5,097**
**0**
**0**
**28,084**
**58,892**|**Restricted**
**Funds**
**£**
**-**
**-**
**-**
**-**
**-**
**-**
**(100)**
**-**
**(286)**
**-**
**-**
**-**
**(386)**
**132,351**|**Endowment**
**Funds**
**£**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**150,698**||Unrestricted Funds
General
Designated
£
£
5,226
-
563
-
200
-
90
-
6,079
-
(2,733)
-
-
-
(825)
-
-
-
-
(90)
-
-
-
-
(3,558)
(90)
43,101
439,856
18,477
36,872
7,895
5,022
68,266|Restricted
Endowment
Funds
Funds
£
£
-
-
-
-
-
-
-
-
-
-
-
-
(2,270)
-
-
-
(470)
-
-
-
-
-
-
-
(2,740)
-
132,590
137,333|Total Funds
2022
£
5,226
563
200
90
6,079
(2,733)
(2,270)
(825)
(470)
(90)
-
-
(6,388)
752,880| Page 22 of 26 ## **Sheffield St. Mark Broomhill** ## **Final v3.1** ## **Notes to the financial statements** **For the year ended 31 December 2023** ## **8 Fund details** ## **8.a Unrestricted Funds** The General Fund is used to pay all the everyday expenses of the church. This fund is “unrestricted” because the money has been given to the church on the general understanding that it will be used at the discretion of the PCC for furthering the mission and ministry of the church. Unless specified otherwise, all the money received by the church is first put into the General Fund. The PCC may decide to put some of the General Fund money aside in deposit accounts for use in the future (for example, for building repairs). This money is “designated” for administration purposes only. Such funds are still unrestricted and can be moved to other funds if the PCC so decides. The PCC currently has “designated” deposit accounts for general and fabric purposes. |**Mainland Bursary Fund for development of young people**|||||| |---|---|---|---|---|---| |Property:|1,070 shares in The CBF Church of England Investment Fund||||| |Purchased:|31-Aug-89||||| |Original cost:|£6,000|**Market value**|**31/12/2023**|**£ 5,817**|2022 £ 5,313| At the January 2020 PCC meeting it was agreed that in the absence of any documentary or anecdotal evidence to the contrary that the Mainland Bursary funds are more correctly recorded as Designated funds rather than Endowment funds. They have therefore been moved as at 31Dec2019 from Endowment to Designated. **Fabric Investment (Designated)** Property: 8583.73 units in the COIF Charities Ethical Investment Fund Purchased: 10-Sep-20 Original cost: £23,076 **Market value 31/12/2023 £ 25,837** 2022 £ 23,491 This account was created by merging several small designated fabric deposit accounts. Therefore the income from the above investment should be used for Fabric purposes. The dividends from this accounts is paid to a dedicated CCLA Fabric (Designated) deposit account. ## **8.b Restricted Funds** These are funds that are subject to some particular restriction on the way they may be spent or applied. The money received is restricted either by the donor or by the terms of an appeal for a particular purpose such as a special collection for overseas aid or for a major repair. The PCC has several deposit accounts that are “restricted” in their use for either fabric or other specified purposes. **Fabric Investment (Restricted)** Property: 12657.65 units in the COIF Charities Ethical Investment Fund Purchased: 10-Sep-20 Original cost: £34,028 **Market value 31/12/2023 £ 38,100** 2022 £ 34,640 This account was created by merging several small restricted fabric deposit accounts. Therefore the income from the above investment fund can only be used for Fabric purposes. The dividends from this account is paid to a dedicated CCLA Fabric (Restricted) deposit account. Page 23 of 26 ## **8.c Endowment Funds** These are another form of restricted funds and represent money that has been given to the church with the specific instruction that only the interest or dividends earned by the investment can be spent. The original money (or “capital”) cannot normally be spent and must remain in the form of investments. ## 8.c.i ## _Parochial Church Council Property_ The PCC may hold property “for any ecclesiastical purpose affecting the parish or any part thereof” and for certain educational purposes (PCC (Powers) Measure 1956, Section 5). “Ecclesiastical purposes” will include any purpose furthering the work of the Church of England in the parish. The capital sums and income derived there from can only be used for these purposes. _Held in the name of the Vicar and Church Wardens, administered by the PCC_ |**Miss Berry Bequest for general purposes**|||||| |---|---|---|---|---|---| |Property:|654 shares in The CBF Church of England Investment Fund||||| |Purchased:|28-Feb-69||||| |Original cost:|£730|**Market value**|**31/12/2023**|**£ 14,784**|2022 £ 13,502| ||||||| |**Kelk Bequest for general purposes**|||||| |Property:|97 shares in The CBF Church of England Investment Fund||||| |Purchased:|31-Aug-82||||| |Original cost:|£200|**Market value**|**31/12/2023**|**£ 2,193**|2022 £ 2,003| ## 8.c.ii _Trust Funds administered by the Parochial Church Council_ These funds comprise a charity administered under a scheme made by the Charity commissioners, two bequests and a donation involving permanent trusts restricting the use of the capital that is held by the Diocesan Board of Finance. |**The St Mark’s Church Hall Charity**|||||| |---|---|---|---|---|---| |Property:|106.68 shares in CCLA - COIF Charities Ethical Investment||Fund||| |(Original Purchase:|12,277 shares|31-Mar-93|Original|cost:|£19,189)| |Dividends reinvested in year to purchase|825 shares|at a cost of||£1,357|| |**Market value**|**31/12/2023**|**£ 73,433**||2022|£ 66,766| The above investment originates from the sale of the former church hall in Ashgate Road, Broomhill, in March 1971. The PCC are managing trustees, the Diocesan Board of Finance custodian trustees. The clear income from the charity is to be applied to further the “religious and other charitable work of the Church of England” in the ecclesiastical parish of St Mark, Broomhill. The charity property may also be used for land and building required for that work. By an order dated 14 January 2014, the Charity Commissioners authorised expenditure of £34,000 from the Charity’s permanent endowment for the purpose of restoration and refurbishment of the Church organ under the condition that the sum be repaid over 30 years at a minimum of £1,133 per annum. In addition, the PCC authorised the expenditure of £16,000 from the Charity’s accumulated income for the same purpose. Accordingly, in January 2014 the Diocesan Board of Finance realised 32,041 of the Charity’s shares to the value of £50,000 and this sum was paid into the Organ Restoration Appeal Fund on 3 February 2014. This loan was repaid in 2020 so that income can return to being for general use as specified above. Page 24 of 26 **Miss Thomas Bequest for church repairs** Property: 1562 shares in The CBF Church of England Investment Fund Purchased: 30-Nov-61 Original cost: £1,132 **Market value 31/12/2023 £ 35,309** 2022 £ 32,249 **Friends of St Mark’s Investment Account for fabric repair purposes only** Property: 798 shares in The CBF Church of England Investment Fund Purchased: 31-Oct-82 Original cost: £1,750 **Market value 31/12/2023 £ 18,039** 2022 £ 16,475 The income from the above two investment funds can only be used for church repairs. During 2020 new fabric deposit accounts were opened with CCLA. The dividends from these accounts are now paid to the new fabric deposit account. |**Elliott Bequest for parochial and charitable purposes**|||||| |---|---|---|---|---|---| |Property:|307 shares in The CBF Church of England Investment Fund||||| |Purchased:|31-Aug-66||||| |Original cost:|£220|**Market value**|**31/12/2023**|**£ 6,940**|2022 £ 6,338| The property of the above mentioned investment can only be used for the purposes mentioned. Therefore the dividends are paid directly to the main church bank account for general use. Page 25 of 26 ## **Sheffield St. Mark Broomhill** ## **Final v3.1** ## **Notes to the financial statements** |**Sheffield St. Mark Broomhill**
**Notes to the financial statements**|||||**Fin**|**al v3.1**| |---|---|---|---|---|---|---| |**For the year ended 31 December 2023**
**9**
**Allocation of Legacy funding**
9(a)_Legacy projects_
Contribution towards cost of new chairs in lounge
Tree work on green||**2023**|**Total Funds**
**2023**
**£**
**1,571**
**-**
**-**
**-**
**-**
**-**
**1,571**||2022|| ||**Unrestricted Funds**
**General**
**Designated**
**£**
**£**
**-**
**1,571**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**1,571**|**Restricted**
**Endowment**
**Funds**
**Funds**
**£**
**£**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**||Unrestricted Funds
General
Designated
£
£
-
-
-
2,376
-
-
-
-
-
-
-
-
-
2,376|Restricted
Endowment
Funds
Funds
£
£
-
-
-
-
-
-
-
-
-
-
-
-
-
-|Total Funds
2022
£
-
2,376
-
-
-
-
2,376| This is a description of the allocation of funds during 2023. The funds used in 2023 are detailed in the expenditure section of the accounts above. ## **Statement of responsibilities of the members of the Parochial Church Council ("PCC")** The Church Accounting Regulations 2006 and the Charities Act 2011 require the members of the PCC to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the PCC and of the incoming resources and application of resources in the year then ended. In preparing those financial statements, the members of the PCC are required to: - select suitable accounting policies and then apply them consistently; - make judgements and estimates that are reasonable and prudent; - prepare the financial statements on the going concern basis unless it is inappropriate to presume that the PCC will continue in operation. The members of the PCC are responsible for keeping accounting records which disclose with reasonable accuracy the financial position of the PCC and which enable them to ascertain the financial position of the PCC and which enable them to ensure that the financial statements comply with the Church Accounting Regulations 2006 and the Charities Act 2011. They are also responsible for safeguarding the assets of the PCC and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities INDF,PF.NDF.NT EXAMINER'S REPORT TO 1'HE MEMBERS OF TItE PAROCHL4L CHURCH COUNCtL OF THE ECCLESIASTICAL PARISH OF ST f+WU('S CHURCH BROOMHILL SHEFFIELD I report on the accounts of the ParoBhial Church Council for the year ended 31 DcccTnber 2023 which are set out on pages 5 to 25. Reypective rtsponsibiiitiu ofparothi41 Chur¢h Coutttll *ttd euminer The MembcT5 of th¢ PaTo¢hial Church Council are resrKbll5ible forth¢ prepsration of the accounts in a¢eord8nce with the requi￿￿¢1)ts of the Charities Act 2011 ('thc Act,). I report in respect of my examin￿lort of the Charity's accounts carried out und¢r Stt¢ioo 145 of the Act and in carying out my examinatioj) I b8v¢ followed all the applicable Directions given by the Charity CotnThission uRd¢r s¢¢tion 145(5Xb) of thc Act. Independent examiner s sta¢¢mettt Sin¢¢ the ¢harity's income exceedcd £250.000 your ¢xomin¢rmust be a member of a body listed in s¢ction 145 of the Act. I confirm that l Atn qualifi￿ to undertake the examination because l am a member of the Institute of Chartered Accounianis in En￿8￿d and Wale5, which i5 one of the listed bodies. I have Gotnpleled my ¢xaminalion. I confirtTh thal rLO tnal¢riai maii¢rs have come to my att¢tLtion in ¢oThncction with lh¢ ¢xamination 8ivin8 me cauK io believe ot)y material re5tKcl'. a¢counting records were not kw in resKrtt of th¢ Charity L8 required by stetiott 130 of th¢ Act. or 2. the accounts do not accord with ihose r￿ords. or the accounts do noi ¢omply with the applicable TtqUiTemertts ¢on¢erniDg the folm and content of accounts set oui in th¢ Charities IAccoutLtS Wld Repo￿) R¢gul8¢ion$ 2008 other than any requiT¢ments that the accounts 8ive a'lrue and fair vi¢w' whi¢h is not a matter considered Is pfjrt of an ind¢kxndent examination. I have no cimcerns and hav¢ come a¢ross no other matter5 in connection with the examination to which att¢ntion should be drawTh in this report in ord¢r to enable proper understanding of the accounts to be reache4]. Julie Holderness ACA FCCA I'or and on beh4lf of Roddis Toyior Robinson Chartered Accountants Unit 6 A¢orn Busine55 Park Sh¢ffield S8 07B 19 April 2W24 Page 26 of 26