PARISH CHURCH OF ST AUGUSTINE OF CANTERBURY THORPE BAY Registered charity number 1128847
ANNUAL REPORT
and
FINANCIAL STATEMENTS
of the
PAROCHIAL CHURCH COUNCIL
FOR THE YEAR ENDED 31st DECEMBER 2023
council chairman REV DAVE WILLIS
86 Tyrone Road Thorpe Bay Essex SS1 3HB
bankers
BARCLAYS BANK PLC Southend-on-Sea Business Centre
independent examiner
MR GRAHAM LANE FCA
THE PAROCHIAL CHURCH COUNCIL OF ST AUGUSTINE OF CANTERBURY THORPE BAY
Registered charity number 1128847
ANNUAL REPORT FOR 2023
BACKGROUND
The St Augustine’s Parochial Church Council (The PCC) is a registered charity which has the responsibility of co-operating with the incumbent in promoting in the ecclesiastical parish the whole mission of the Church, pastoral, evangelistic, social and ecumenical. It also has responsibilities for the nearby Church Hall.
MEMBERSHIP
Members of the PCC are trustees of the charity and are either ex officio or elected by the Annual Parochial Church Council Meeting (APCM) in accordance with the Church Representation Rules. The PCC can also appoint co-opted members.
During the year the following served as members of the PCC –
Incumbent Rev Dave Willis Wardens Dr P Chisnell (from April 2023), Mrs P Muzalewski (from April 2023)
Deanery Synod Representatives – Lay Canon L Barnard, Mr M Everett, Mrs M Ridley (until April 2023), Mr J Gray (from Apil 2023)
Elected Members – Mrs B Black, Mrs M Brewer, Mrs M Dugdale (from April 2023), Mrs M Ridley (from April 2023- PCC secretary) , Mr C Russell (PCC Treasurer), Mr I Stobart, Mr B Wadley-Smith, Mr J Watson.
Co-opted members – Mrs M Dugdale, (until April 2023), Mrs K Kindley (until April 2023).
The full PCC met 6 times during the year to deal with general business, and once to specifically approve the reports to be submitted to the APCM. The Standing Committee met as and when required and duly reported to the PCC.
CHURCH ATTENDANCE
At the beginning of the year there were 176 names on the electoral roll of whom 66 were resident in the parish. At 31st December the numbers were 183 and 64. Attendances at all services gradually increased during the year. Due to lack of leadership volunteers, it was not possible to cater for the children at the parish communion services.
REVIEW OF THE YEAR
( a) Fabric and Furnishings
In March and April work was carried out on the East façade of the church repairing the brickwork and re-pointing. Repairs were made to the pointing in the stone surrounds of the East Window and to the flagstones above the wall. In June the sound system was updated with a new amplifier, mixing desk, and two new microphones. This made a very positive difference which has been appreciated by many. In July, Essex and Suffolk Water replaced the pipe that brings water into the church building free of charge and with minimal disturbance of the church grounds. Finally, at the beginning of December, a new “air-curtain” heater was installed above the West doors.
(b) Church Hall
The hall was in full use during the year and made a contribution to the parish finances.
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(c) Outreach and Social
There were 17 baptisms in 2023, 8 church funerals and 5 weddings.
On Maundy Thursday an Agape Supper was shared by over 40 members of the congregation in the church hall before the vigil in church. In September nearly 50 people gathered together to enjoy a Harvest Supper and a quiz in the church hall. In April and again in October, church members and others enjoyed a meal at Thorpe Hall Golf Club. Family parade services were held to mark Mothering Sunday, Father’s Day, Harvest and Remembrance. A Christmas Fayre held in early December attracted members of the local community into the church building to enjoy games, crafts and items to buy. Christmas services were held for four schools, for the Southend RNLI and for the uniformed organisations. Our own Advent and Christmas services included a special dementia friendly Afternoon Carol Service, carol singing and mince pies outside the church, and very well attended Crib Services. This year over 2,500 people attended a seasonal service at St Augustine’s. The bi-monthly magazine is read by a large number of parishioners and others and as well as being a source of information of parish activities made a contribution of £683 to parish finances.
(d) Personnel
This year our parish continued to be blessed the generous ministry of Canon Stephen Burdett, Canon Michael Ballard, Rev Frank Smith, and Lay Canon Linda Barnard in support of our vicar Reverend David Willis. We are very grateful for the generosity of time and commitment that our retired ministers make in the life of St Augustine’s.
(e) Finance
The accounts show an unrestricted surplus of £26,773, However the £30,000 legacy received from Philip Dean is set aside at his request to improve the seating in the church, so in actual fact if the entire legacy is used for this purpose the day to day running costs in 2023 were in deficit by £3,228. Unrestricted income (including the legacy referred to above) increased by £25,291 and unrestricted expenditure increased by £8,269. It was necessary to cash in £20,000 of our investments in the early part of the year but an upward trend in stockmarket values saw an increase in the remaining holdings of £6,398 (£3259 unrestricted, £3,239 restricted). Our available unrestricted funds amounted to £79,693 at the end of the year. Restricted funds, including the value of the church hall as estimated by the trustees (£1,000,000) amounted to £1,038,493,
(f) Reserves
The PCC policy is to transfer one half of any unrestricted legacy received to a contingency fund which is invested in CBF Church of England Investment Fund accumulating shares when such funds are available. At the end of 2023 the PCC held shares to the value of £29,214 (original cost £16,171) in unrestricted funds with further shares to value of £11,943 (original cost £6,596) in the restricted organ restoration fund, £16,062 in the proposed extension fund (original cost £12,250) and £834 (original cost £750) in the youth development fund.
(g) Utilities and Insurance
The national energy crisis has affected all churches and St Augustine’s is no exception. The church electricity is supplied by EDF Energy on a three-year contract expiring in September 2026. Opus Energy supply electricity to the church hall on a three-year contract expiring in March 2025. The hall gas supplier is Pozitive Energy on a one-year contract expiring in February 2024. There is no gas supply to the church. We received an energy grant of £855 from the diocese during the year and we also received relief from the government energy relief scheme. A comprehensive review of the Church and Hall insurance policies was carried out during 2023.
(h) Safeguarding
The PCC continues to comply with the duty under section 5 of the Safeguarding and Clergy Discipline Measure 2016. The PCC wishes to thank Lay Canon Linda Barnard for her work as Parish Safeguarding officer and Lead Recruiter during 2023.
ON BEHALF OF THE PCC
REV D A WILLIS (chairman)
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INDEPENDENT EXAMINER’S REPORT TO THE PCC OF ST AUGUSTINE OF CANTERBURY THORPE BAY FOR THE YEAR ENDED 31ST DECEMBER 2023
RESPONSIBILITIES AND BASIS OF REPORT
As the charity trustees you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 (the Act).
I report in respect of my examination of the Charity’s accounts carried out under section 145 of the 2011 Act and in carrying out my examination I have followed all the applicable Directions given by the Charity Commission under section 145 (5) (b) of the Act.
Independent examiner’s statement
I have completed my examination. I confirm that no material matters have come to my attention in connection with the examination giving me cause to believe that in any material respect:
1 accounting records were not kept in respect of the Trust as required by section 145 of the Act; or
2 the accounts do not accord with those records; or
3 the accounts do not comply with the applicable requirements concerning the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirements that the accounts give a ‘true and fair view’ which is not a matter considered as part of an independent examination.
I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.
MR GRAHAM LANE FCA 43, TYRONE ROAD. SOUTHEND-ON-SEA SS1 3HE
3rd April 2024
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PAROCHIAL CHURCH COUNCIL
ST AUGUSTINE OF CANTERBURY THORPE BAY
STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31st DECEMBER 2023
INCOME & EXPENDITURE
| 2022 NOTE FUNDS RESTRICTED TOTAL TOTAL UNRESTRICTED FUNDS FUNDS INCOMING RESOURCES 107,336 Voluntary Income 2(a) 130,609 23,357 153,966 5,840 Activities for Generating Funds 2(b) 8,762 390 9,152 33,291 Income from Church Activities 2(c) 32,095 32,096 39 Interest Receivable 2(d) 330 16 345 £146,506 TOTAL INCOMING RESOURCES £171,797 £23,763 £195,560 RESOURCES EXPENDED 135 Cost of Generation of Voluntary Income 3(a) 214 543 757 2,805 Fundraising Costs 3(b) 3,132 339 3,471 2,671 Grants 3(c) 75 3,791 3,866 143,163 Church Activities 3(d) 141,603 18,985 160,588 £148,774 TOTAL RESOURCES EXPENDED £145,024 £23,658 £168,682 £2,268 NET MOVEMENT IN FUNDS £26,773 £105 £26,878 843,988 BALANCE IN HAND AT 1st JANUARY 2023 49,461 785,149 834,610 (7,110) UNREALISED LOSSES ON INVESTMENTS REALISED GAINS ON INVESTMENTS 300 300 UNREALISED GAINS ON INVESTMENTS 3,159 3,239 6,398 UPLIFT IN INSURANCE VALUE OF CHURCH HALL 250,000 250,000 (2,268) NET MOVEMENT IN FUNDS AS ABOVE 26,773 105 26,878 £834,610BALANCE IN HAND AT 31st DECEMBER 2023£79,693 £1,038,493 £1,118,186 |
2022 NOTE FUNDS RESTRICTED TOTAL TOTAL UNRESTRICTED FUNDS FUNDS INCOMING RESOURCES 107,336 Voluntary Income 2(a) 130,609 23,357 153,966 5,840 Activities for Generating Funds 2(b) 8,762 390 9,152 33,291 Income from Church Activities 2(c) 32,095 32,096 39 Interest Receivable 2(d) 330 16 345 £146,506 TOTAL INCOMING RESOURCES £171,797 £23,763 £195,560 RESOURCES EXPENDED 135 Cost of Generation of Voluntary Income 3(a) 214 543 757 2,805 Fundraising Costs 3(b) 3,132 339 3,471 2,671 Grants 3(c) 75 3,791 3,866 143,163 Church Activities 3(d) 141,603 18,985 160,588 £148,774 TOTAL RESOURCES EXPENDED £145,024 £23,658 £168,682 £2,268 NET MOVEMENT IN FUNDS £26,773 £105 £26,878 843,988 BALANCE IN HAND AT 1st JANUARY 2023 49,461 785,149 834,610 (7,110) UNREALISED LOSSES ON INVESTMENTS REALISED GAINS ON INVESTMENTS 300 300 UNREALISED GAINS ON INVESTMENTS 3,159 3,239 6,398 UPLIFT IN INSURANCE VALUE OF CHURCH HALL 250,000 250,000 (2,268) NET MOVEMENT IN FUNDS AS ABOVE 26,773 105 26,878 £834,610BALANCE IN HAND AT 31st DECEMBER 2023£79,693 £1,038,493 £1,118,186 |
2022 NOTE FUNDS RESTRICTED TOTAL TOTAL UNRESTRICTED FUNDS FUNDS INCOMING RESOURCES 107,336 Voluntary Income 2(a) 130,609 23,357 153,966 5,840 Activities for Generating Funds 2(b) 8,762 390 9,152 33,291 Income from Church Activities 2(c) 32,095 32,096 39 Interest Receivable 2(d) 330 16 345 £146,506 TOTAL INCOMING RESOURCES £171,797 £23,763 £195,560 RESOURCES EXPENDED 135 Cost of Generation of Voluntary Income 3(a) 214 543 757 2,805 Fundraising Costs 3(b) 3,132 339 3,471 2,671 Grants 3(c) 75 3,791 3,866 143,163 Church Activities 3(d) 141,603 18,985 160,588 £148,774 TOTAL RESOURCES EXPENDED £145,024 £23,658 £168,682 £2,268 NET MOVEMENT IN FUNDS £26,773 £105 £26,878 843,988 BALANCE IN HAND AT 1st JANUARY 2023 49,461 785,149 834,610 (7,110) UNREALISED LOSSES ON INVESTMENTS REALISED GAINS ON INVESTMENTS 300 300 UNREALISED GAINS ON INVESTMENTS 3,159 3,239 6,398 UPLIFT IN INSURANCE VALUE OF CHURCH HALL 250,000 250,000 (2,268) NET MOVEMENT IN FUNDS AS ABOVE 26,773 105 26,878 £834,610BALANCE IN HAND AT 31st DECEMBER 2023£79,693 £1,038,493 £1,118,186 |
|---|---|---|
| £145,024 £23,658 £168,682 | ||
| £26,773 £105 £26,878 49,461 785,149 834,610 300 300 3,159 3,239 6,398 250,000 250,000 26,773 105 26,878 £79,693 £1,038,493 £1,118,186 |
||
| £834,610 | £79,693 £1,038,493 £1,118,186 |
The notes on pages 6 to 11 form part of these accounts
A full comparative Statement of Financial Activities can be found in note 11
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THE PAROCHIAL CHURCH COUNCIL
ST AUGUSTINE OF CANTERBURY THORPE BAY
| BALANCE SHEET AT 31st DECEMBER 2023 | BALANCE SHEET AT 31st DECEMBER 2023 | ||||||||
|---|---|---|---|---|---|---|---|---|---|
| 2022 | NOTE |
||||||||
| £750,000 | TANGIBLE FIXED ASSETS | 5 |
£1,000,000 | ||||||
| CURRENT ASSETS | |||||||||
| 71,355 | Investments at Market Value (cost £35,767) | 6 | 58,053 | ||||||
| 2,671 | Debtors & Prepayments | 8 | 4,775 | ||||||
| 1,518 | Short Term Cash Deposits | 1,542 | |||||||
| 16,777 | Cash at Bank and in Hand | 59,834 | |||||||
| £92,321 | Gross Current Assets | £124,204 | |||||||
| £7,711 | Creditors - liabilities falling due within a year 9 | £6,018 | |||||||
| £84,610 | NET CURRENT ASSETS | £118,186 | |||||||
| 750,000 | Fixed Assets as above | 1,000,000 | |||||||
| £834,610 | £1,118,186 | ||||||||
| REPRESENTED AS FOLLOWS | |||||||||
| Funds | |||||||||
| 49,461 | Unrestricted | 79,693 | |||||||
| 785,149 | Restricted | 10 | 1,038,493 | ||||||
| £834,610 | £1,118,186 |
Approved by the Parochial Church Council on and signed on its behalf
REV D A WILLIS (CHAIRMAN) PAUL CHISNELL (CHURCHWARDEN)
22nd January 2024
The notes on pages 6 to 11 form part of these accounts
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THE PAROCHIAL CHURCH COUNCIL
ST AUGUSTINE OF CANTERBURY THORPE BAY
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31st DECEMBER 2023
ACCOUNTING POLICIES
The financial statements of the PCC have been prepared under the current Church Accounting Regulations and in accordance with the current Charities SORP 2015.
The financial statements have been prepared under the historic cost convention except for the Church Hall which is shown at the value for insurance purposes. The financial statements include all transactions, assets, and liabilities for which the PCC is responsible in law. They do not include the accounts of church groups that owe their main affiliation to another body nor those that are informal gatherings of church members.
FUNDS
Restricted Funds represent (a) income from trusts or endowments which may be expended only on those restricted objects provided in the terms of the trust or bequest, and (b) donations or grants received for a specific object, or invited by the PCC for a specific object. The funds may only be expended on the specific object for which they were given. Any balance remaining unspent at the end of each year is carried forward as a balance on that fund. The PCC does not usually invest separately for each fund.
Unrestricted Funds are general funds which can be used by the PCC for ordinary purposes.
INCOMING RESOURCES
Planned giving, collections and donations are recognised when received. Tax refunds are recognised when the incoming resource to which they relate is received. Grants and legacies are accounted for when the PCC is legally notified as to its entitlement to the amounts due. All other income is recognised when it is receivable. All income is accounted for gross.
RESOURCES USED
Grants and donations are accounted for when paid over or when awarded if the award creates a binding or constructive obligation on the PCC. The diocesan parish share is accounted for when due. Amounts received specifically for missions are dealt with as restricted funds. All other expenditure is recognised when it is incurred and is accounted for gross.
FIXED ASSETS
Consecrated land and buildings are excluded from the accounts in accordance with the Charities Act.
Movable 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. For anything acquired prior to 2000 there is insufficient cost information available and therefore such assets are not valued in the financial statements Subsequently no individual item has cost more than £5,000 so all such expenditure has been written off when incurred. Equipment used in the church and church hall is written off when purchased.
CURRENT ASSETS
Amounts owing to the PCC at 31st December in respect of fees rents or other income are shown as debtors in the balance sheet less provision for any amounts that may prove uncollectible. Short term deposits are sums standing to the credit of the PCC in the Central Board of Finance Church of England Deposit Funds.
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1
2. INCOMING RESOURCES
|2022
TOTAL
47,555
11,889
3,486
15,843
1,500
22,556
4,507
£107,336
1,585
1.960
2,295
£5,840
29,016
1,460
2,815
£33,291
£39
£146,506|FUNDS RESTRICTED
TOTAL
UNRESTRICTED
FUNDS
FUNDS
2(a) Voluntary Income
Planned giving -
Gift Aid Donations
39,805
39,805
Income Tax recoverable
10,076
10,076
Other planned giving
4,420
4,420
Plate Collections including tax recoveries
20,302
566
20,868
Legacies
30,000
30,000
Sundry Donations including tax recoveries
16,947
20,791
37,738
Grants
9,059
2,000
11,059
£130,609
£23,357
£153,966
TOTAL 2022
£95,486
£11,850
2(b) Activities for Generating Funds
Donations for Use of Church
2,600
2,600
100 Club
2,145
2,145
Other Fundraising**<br>**4,017**<br>**390**<br>**4,407**<br>**£8,762**<br>**£390**<br>**£9,152 **<br>**TOTAL 2022**<br>**£5,840**<br>**2(c) Income from Church Activities**<br>**Church Hall lettings**<br>**27,155**<br>**27,155**<br>**Magazines (including advertisements)**<br>**1,788**<br>**1,788**<br>**Occasional offices**<br>**3.153**<br>**3,153**<br>**£32,096**<br>**£32,096**<br>**TOTAL 2022**<br>**£33,291**<br>**2(d) Interest**<br>**Interest receivable**<br>**£330**<br>**£16**<br>**£346**<br>**TOTAL 2022 £32 £7**<br>**TOTAL INCOMING RESOURCES**<br>**£171,797**<br>**£23,763**<br>**£195,560**<br>**TOTAL 2022**<br>**£134,649**<br>**£11,857**|**FUNDS RESTRICTED**<br>**TOTAL**<br>**UNRESTRICTED**<br>**FUNDS**<br>**FUNDS**<br>**2(a) Voluntary Income**<br>**Planned giving -**<br>**Gift Aid Donations**<br>**39,805**<br>**39,805**<br>**Income Tax recoverable**<br>**10,076**<br>**10,076**<br>**Other planned giving**<br>**4,420**<br>**4,420**<br>**Plate Collections including tax recoveries**<br>**20,302**<br>**566**<br>**20,868**<br>**Legacies**<br>**30,000**<br>**30,000**<br>**Sundry Donations including tax recoveries**<br>**16,947**<br>**20,791**<br>**37,738**<br>**Grants**<br>**9,059**<br>**2,000**<br>**11,059**<br>**£130,609**<br>**£23,357 **<br>**£153,966**<br>**TOTAL 2022**<br>**£95,486**<br>**£11,850**<br>**2(b) Activities for Generating Funds**<br>**Donations for Use of Church**<br>**2,600**<br>**2,600**<br>**100 Club**<br>**2,145**<br>**2,145**<br>**Other Fundraising**<br>**
4,017
390
4,407
£8,762
£390
£9,152
TOTAL 2022
£5,840
2(c) Income from Church Activities
Church Hall lettings
27,155
27,155
Magazines (including advertisements)
1,788
1,788
Occasional offices
3.153
3,153
£32,096
£32,096
TOTAL 2022
£33,291
2(d) Interest
Interest receivable
£330
£16
£346
TOTAL 2022 £32 £7
TOTAL INCOMING RESOURCES
£171,797
£23,763
£195,560
TOTAL 2022
£134,649
£11,857|FUNDS RESTRICTED
TOTAL
UNRESTRICTED
FUNDS
FUNDS
2(a) Voluntary Income
Planned giving -
Gift Aid Donations
39,805
39,805
Income Tax recoverable
10,076
10,076
Other planned giving
4,420
4,420
Plate Collections including tax recoveries
20,302
566
20,868
Legacies
30,000
30,000
Sundry Donations including tax recoveries
16,947
20,791
37,738
Grants
9,059
2,000
11,059
£130,609
£23,357
£153,966
TOTAL 2022
£95,486
£11,850
2(b) Activities for Generating Funds
Donations for Use of Church
2,600
2,600
100 Club
2,145
2,145
Other Fundraising**<br>**4,017**<br>**390**<br>**4,407**<br>**£8,762**<br>**£390**<br>**£9,152 **<br>**TOTAL 2022**<br>**£5,840**<br>**2(c) Income from Church Activities**<br>**Church Hall lettings**<br>**27,155**<br>**27,155**<br>**Magazines (including advertisements)**<br>**1,788**<br>**1,788**<br>**Occasional offices**<br>**3.153**<br>**3,153**<br>**£32,096**<br>**£32,096**<br>**TOTAL 2022**<br>**£33,291**<br>**2(d) Interest**<br>**Interest receivable**<br>**£330**<br>**£16**<br>**£346**<br>**TOTAL 2022 £32 £7**<br>**TOTAL INCOMING RESOURCES**<br>**£171,797**<br>**£23,763**<br>**£195,560**<br>**TOTAL 2022**<br>**£134,649**<br>**£11,857**|
|---|---|---|---|
|||**£130,609**<br>**£23,357 **<br>**£153,966**||
|||||
||**2(b) Activities for Generating Funds**<br>**Donations for Use of Church**<br>**100 Club**<br>**Other Fundraising**<br>**
TOTAL 2022|||
||2(c) Income from Church Activities
Church Hall lettings
Magazines (including advertisements)
Occasional offices
TOTAL 2022|||
||||£32,096
£32,096|
||2(d) Interest
Interest receivable
TOTAL 2022|||
||TOTAL INCOMING RESOURCES
TOTAL 2022|||
|||£171,797
£23,763
£195,560||
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3. RESOURCES EXPENDED
| FUNDS RESTRICTED TOTAL UNRESTRICTED FUNDS FUNDS 3a) Cost of generation of voluntary income Stewardship costs 79 79 Contactless Costs and Commission 135 543 678 £214 £543 £757 2022 TOTAL £135 3b) Fundraising costs 100 Club costs & prizes 1,220 1,220 Costs of other fundraising 1,912 339 2,251 £3,132 £339 £3,471 2022 TOTAL £2,805 3c) Grants Missionary and charitable giving – Missionary Societies Overseas Relief and Development Agencies 560 560 Home Missions and other Church Societies 75 316 391 Secular Based Charities 2,915 2,915 £75 £3,791 £3,866 2022 TOTAL £75 £2,596 3(d) Church Activities Ministry - Diocesan quota 85,883 85,883 Incumbent’s expenses 1,648 1,648 Vicarage costs 76 76 Church & Garden - Running expenses 21,308 2,625 23,933 General repairs & routine maintenance 1,970 3,203 5,173 Major repairs & refurbishment 11,163 11,163 Cost of services 2,088 775 2,863 Hospitality & Fellowship 560 962 1,522 Publicity & Outreach 100 85 185 Youth & junior Church costs 172 172 Organist and locum 285 285 Parish Magazine Costs 1.105 1,105 Church Hall - Running expenses 24,013 24,013 Church Hall - Major repairs & refurbishment 1,250 1,250 Printing, Postage & Stationery 827 827 Subscriptions 127 127 Website 235 235 Church Times Advertisement Sundries 128 128 £141,603 £18,985 £160,588 TOTAL OUTGOING RESOURCES £145,024 £23.658 £168,682 2022 TOTAL £136,755 £12,019 |
FUNDS RESTRICTED TOTAL UNRESTRICTED FUNDS FUNDS 3a) Cost of generation of voluntary income Stewardship costs 79 79 Contactless Costs and Commission 135 543 678 £214 £543 £757 2022 TOTAL £135 3b) Fundraising costs 100 Club costs & prizes 1,220 1,220 Costs of other fundraising 1,912 339 2,251 £3,132 £339 £3,471 2022 TOTAL £2,805 3c) Grants Missionary and charitable giving – Missionary Societies Overseas Relief and Development Agencies 560 560 Home Missions and other Church Societies 75 316 391 Secular Based Charities 2,915 2,915 £75 £3,791 £3,866 2022 TOTAL £75 £2,596 3(d) Church Activities Ministry - Diocesan quota 85,883 85,883 Incumbent’s expenses 1,648 1,648 Vicarage costs 76 76 Church & Garden - Running expenses 21,308 2,625 23,933 General repairs & routine maintenance 1,970 3,203 5,173 Major repairs & refurbishment 11,163 11,163 Cost of services 2,088 775 2,863 Hospitality & Fellowship 560 962 1,522 Publicity & Outreach 100 85 185 Youth & junior Church costs 172 172 Organist and locum 285 285 Parish Magazine Costs 1.105 1,105 Church Hall - Running expenses 24,013 24,013 Church Hall - Major repairs & refurbishment 1,250 1,250 Printing, Postage & Stationery 827 827 Subscriptions 127 127 Website 235 235 Church Times Advertisement Sundries 128 128 £141,603 £18,985 £160,588 TOTAL OUTGOING RESOURCES £145,024 £23.658 £168,682 2022 TOTAL £136,755 £12,019 |
FUNDS RESTRICTED TOTAL UNRESTRICTED FUNDS FUNDS 3a) Cost of generation of voluntary income Stewardship costs 79 79 Contactless Costs and Commission 135 543 678 £214 £543 £757 2022 TOTAL £135 3b) Fundraising costs 100 Club costs & prizes 1,220 1,220 Costs of other fundraising 1,912 339 2,251 £3,132 £339 £3,471 2022 TOTAL £2,805 3c) Grants Missionary and charitable giving – Missionary Societies Overseas Relief and Development Agencies 560 560 Home Missions and other Church Societies 75 316 391 Secular Based Charities 2,915 2,915 £75 £3,791 £3,866 2022 TOTAL £75 £2,596 3(d) Church Activities Ministry - Diocesan quota 85,883 85,883 Incumbent’s expenses 1,648 1,648 Vicarage costs 76 76 Church & Garden - Running expenses 21,308 2,625 23,933 General repairs & routine maintenance 1,970 3,203 5,173 Major repairs & refurbishment 11,163 11,163 Cost of services 2,088 775 2,863 Hospitality & Fellowship 560 962 1,522 Publicity & Outreach 100 85 185 Youth & junior Church costs 172 172 Organist and locum 285 285 Parish Magazine Costs 1.105 1,105 Church Hall - Running expenses 24,013 24,013 Church Hall - Major repairs & refurbishment 1,250 1,250 Printing, Postage & Stationery 827 827 Subscriptions 127 127 Website 235 235 Church Times Advertisement Sundries 128 128 £141,603 £18,985 £160,588 TOTAL OUTGOING RESOURCES £145,024 £23.658 £168,682 2022 TOTAL £136,755 £12,019 |
|---|---|---|
| 3b) Fundraising costs 100 Club costs & prizes Costs of other fundraising 2022 TOTAL |
||
| 3c) Grants Missionary and charitable giving – Missionary Societies Overseas Relief and Development Agencies Home Missions and other Church Societies Secular Based Charities 2022 TOTAL |
||
| 3(d) Church Activities Ministry - Diocesan quota Incumbent’s expenses Vicarage costs Church & Garden - Running expenses General repairs & routine maintenance Major repairs & refurbishment Cost of services Hospitality & Fellowship Publicity & Outreach Youth & junior Church costs Organist and locum Parish Magazine Costs Church Hall - Running expenses Church Hall - Major repairs & refurbishment Printing, Postage & Stationery Subscriptions Website Church Times Advertisement Sundries TOTAL OUTGOING RESOURCES 2022 TOTAL |
||
| £141,603 £18,985 £160,588 |
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4. STAFF COSTS
During the year the PCC employed an organist, verger, hall manager, hall caretaker, hall cleaners and church cleaner none of whom earned £10,000 or more. Organist’s fees for weddings and funerals are included in the fees charged to and are paid by those using the service and not the PCC.
5. FIXED ASSETS FOR USE BY THE PCC
The tangible fixed assets consist of the Church Hall. Following an insurance review in 2023 the trustees consider that the value of the building on the open market is £1,000,000. The title is registered at H M Land Registry number EX859582 and the title deeds are held by the diocese.
The church hall fixtures and fittings are written off in the year of purchase.
No other assets originally costing more than £5,000 were held by the PCC at the date of the balance sheet.
6. INVESTMENTS
The investments consist of accumulation shares in CBF Church of England Investment Fund.
| FUNDS RESTRICTED TOTAL UNRESTRICTED FUNDS FUNDS Market value at 1st January 2023 45,755 25,600 71,355 Disposal Proceeds (20,000) (20,000) Realised Gain 300 300 Unrealised Gains 3,159 3,239 6,398 Market value at 31st December 2023 £29,214 £28,839 £58,053 Historical Cost 31st December 2023 £16,171 £19,596 £35,767 31st December 2022 £28,531 £19,596 £48,127 7. ANALYSIS OF NET ASSETS BY FUND 2022 FUNDS RESTRICTED TOTAL TOTAL UNRESTRICTED FUNDS FUNDS 750,000 Fixed Assets 1,000,000 1,000,000 71,355 Investments (at Market value) 29,214 28,839 58,053 18,295 Cash & Bank Balances 51,983 9,393 61,376 2,671 Debtors & Prepayments 4,483 292 4,775 £842,321 £,85,680 £1,038,524£1,124,204 7,711 Current Liabilities 5,987 31 6,018 £834,610 Fund Balances £79,693 £1,038,493 £1,118,186 8. DEBTORS 1,397 Income Tax Recoverable 1,911 192 2,103 881 Hall Lettings 1,589 1,589 300 Incumbent’s Float 300 300 75 Charities Trust Vouchers 50 100 150 Contactless donations 50 50 18 Prepayments 583 583 £2,671 £4,483 £292 £4,775 |
FUNDS RESTRICTED TOTAL UNRESTRICTED FUNDS FUNDS Market value at 1st January 2023 45,755 25,600 71,355 Disposal Proceeds (20,000) (20,000) Realised Gain 300 300 Unrealised Gains 3,159 3,239 6,398 Market value at 31st December 2023 £29,214 £28,839 £58,053 Historical Cost 31st December 2023 £16,171 £19,596 £35,767 31st December 2022 £28,531 £19,596 £48,127 7. ANALYSIS OF NET ASSETS BY FUND 2022 FUNDS RESTRICTED TOTAL TOTAL UNRESTRICTED FUNDS FUNDS 750,000 Fixed Assets 1,000,000 1,000,000 71,355 Investments (at Market value) 29,214 28,839 58,053 18,295 Cash & Bank Balances 51,983 9,393 61,376 2,671 Debtors & Prepayments 4,483 292 4,775 £842,321 £,85,680 £1,038,524£1,124,204 7,711 Current Liabilities 5,987 31 6,018 £834,610 Fund Balances £79,693 £1,038,493 £1,118,186 8. DEBTORS 1,397 Income Tax Recoverable 1,911 192 2,103 881 Hall Lettings 1,589 1,589 300 Incumbent’s Float 300 300 75 Charities Trust Vouchers 50 100 150 Contactless donations 50 50 18 Prepayments 583 583 £2,671 £4,483 £292 £4,775 |
|---|---|
| £834,610 | |
| 8. | |
| £2,671 |
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9. LIABILITIES - AMOUNTS FALLING DUE WITHIN ONE YEAR
| 2,066 Accruals and deferred income 5,645 Creditors for goods and services £7,711 10. STATEMENT OF FUNDS Balance Income Expenditure 1st January 2023 Unrestricted Funds £49,461 £171,797 £145,024 Restricted Funds Hall & Contents 750,000 Charities & Missions 1 4,130 4,131 Churchyard Fund 860 2,000 2,625 Fabric Fund General 1,507 5,383 5,644 Fabric Fund Buildings 4,766 9,986 9,800 Flower Fund 199 125 324 Music Fund 221 Fellowship Fund 1,923 962 Organ Restoration Fund 10,620 Proposed Extension 15,962 16 Youth Activity & Development 1,013 200 172 £785,149 £23,763 £23,658 TOTAL FUNDS £834,610 £195,560 £168,682 |
2,066 Accruals and deferred income 5,645 Creditors for goods and services £7,711 10. STATEMENT OF FUNDS Balance Income Expenditure 1st January 2023 Unrestricted Funds £49,461 £171,797 £145,024 Restricted Funds Hall & Contents 750,000 Charities & Missions 1 4,130 4,131 Churchyard Fund 860 2,000 2,625 Fabric Fund General 1,507 5,383 5,644 Fabric Fund Buildings 4,766 9,986 9,800 Flower Fund 199 125 324 Music Fund 221 Fellowship Fund 1,923 962 Organ Restoration Fund 10,620 Proposed Extension 15,962 16 Youth Activity & Development 1,013 200 172 £785,149 £23,763 £23,658 TOTAL FUNDS £834,610 £195,560 £168,682 |
1,738 1,738 4,249 31 4,280 £5,988 £31 £6,018 Transfers Gains Balance 31st Decemb 2023 £3,459 £79,693 250,000 1,000,000 0 235 1,246 4,952 0 221 961 1,341 11,961 1,804 17,782 94 1,135 0 £253,239 £1.038,493 0 £256,698 £1,118,186 |
|---|---|---|
| £785,149 £23,763 £23,658 |
0 £253,239 £1.038,493 |
|
| £834,610 £195,560 £168,682 |
The restricted funds held by the PCC during the year were as follows –
The Church Hall.
The Organ & Music fund which is used to encourage and support church music at St Augustine’s and local primary schools.
The Mission fund used to support mission work of all types both at home and overseas.
The Flower Fund, Fabric Fund, Organ Restoration Fund, The Churchyard Fund and The Youth Activity & Development Fund, The Proposed Extension Fund. The purpose of these funds is selfevident.
The Fellowship and Hospitality Fund was opened during the year. The Men’s Fellowship ceased to function and its funds (£855) were given to the PCC with the request that they be used to promote friendship and fellowship within the congregation.
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PRIOR YEAR
| PRIOR YEAR | PRIOR YEAR | PRIOR YEAR | ||||||
|---|---|---|---|---|---|---|---|---|
| Balance Income Expenditure | Transfers | Losses | Balance | |||||
| 1st January | 31st December | |||||||
| 2022 | 2022 | |||||||
| Unrestricted | ||||||||
| Funds £56,126 £134,649 |
£136,755 | £4,559 | £49,461 | |||||
| Restricted Funds | ||||||||
| Church Hall 750,000 |
750,000 | |||||||
| Charities & | ||||||||
| Missions 1 2,595 |
2,595 | 1 | ||||||
| Churchyard Fund 1,140 2,000 | 2,280 | 860 | ||||||
| Fabric Fund (General) 6,139 7,030 | 6,896 | 6,273 | ||||||
| Fabric Fund Buildings) | ||||||||
| Flower Fund 251 125 |
177 | 199 | ||||||
| Music Fund 121 100 |
221 | |||||||
| Organ Restoration | ||||||||
| Fund 11,676 | 1,056 | 10,620 | ||||||
| Proposed | ||||||||
| Extension 17,376 7 |
1,421 | 15,962 | ||||||
| Youth Activity & | ||||||||
| Development 1,158 |
71 | 74 | 1,013 | |||||
| £787,862 £11,857 | £12,019 | 0 | £2,551 | £785,149 | ||||
| TOTAL FUNDS £843,988 £146,506 |
£148,774 | 0 | £7,110 | £834,610 | ||||
| 11. COMPARATIVE STATEMENTOF FINANCIAL ACTIVITIES – 2022 | ||||||||
| NOTE | FUNDS RESTRICTED | TOTAL | ||||||
| UNRESTRICTED | FUNDS | FUNDS | ||||||
| INCOMING RESOURCES | ||||||||
| Voluntary Income | 2(a) | 95,486 | 11,850 | 107,336 | ||||
| Activities for Generating Funds | 2(b) | 5,840 | 5,840 | |||||
| Income from Church Activities | 2(c) | 33,291 | 33,291 | |||||
| Interest Receivable | 2(d) | 32 | 7 | 39 | ||||
| TOTAL INCOMING RESOURCES | £134,649 | £11,857 | £146,506 | |||||
| RESOURCES EXPENDED | ||||||||
| Cost of Generation of Voluntary Income | 3(a) |
135 | 135 | |||||
| Fundraising Costs | 3(b) | 2,805 | 2,805 | |||||
| Grants | 3(c) | 75 | 2,596 | 2,671 | ||||
| Church Activities | 3(d) | 133,740 | 9,423 | 143,163 | ||||
| TOTAL RESOURCES EXPENDED | £136,755 | £12,019 | £148,774 | |||||
| NET MOVEMENT IN FUNDS | £(2,106) | £(162) | £(2,268) | |||||
| BALANCE IN HAND AT 1st JANUARY 2022 | 56,126 | 787,862 | 843,988 | |||||
| UNREALISED LOSSES ON INVESTMENTS |
(4,559) | (2,551) | (7,110) | |||||
| NET MOVEMENT IN FUNDS AS ABOVE | (2,106) | (162) | (2,268) | |||||
| BALANCE IN HAND AT 31st DECEMBER 2022 | £49,461 | 785,149 | £834,610 |
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