# **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.**
**(1)**
## _**(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)**
**(2)**
## **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**
**(3)**
## **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**
**(4)**
## **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**
**(5)**
## **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.**
**(6)**
**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**
**`**
**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**
**`**
**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**
**`**
**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**|
|---|---|---|---|
|||**£130,609**
**£23,357 **
**£153,966**||
|||||
||**2(b) Activities for Generating Funds**
**Donations for Use of Church**
**100 Club**
**Other Fundraising**
**`**
**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**||
**(7)**
## **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**||
**(8)**
## **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**|
**(9)**
## **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.**
**(10)**
## **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**||
**(11)**