## **THE PAROCHIAL CHURCH COUNCIL OF ST. MILDRED'S LEE**
Registered Charity No. 1128995
**ACCOUNTS FOR THE YEAR ENDED 31ST DECEMBER 2023**
## **THE PAROCHIAL CHURCH COUNCIL OF ST. MILDRED'S LEE**
## **TABLE OF CONTENTS**
||**Page**|
|---|---|
||**Number**|
|Trustees Report|1|
|Independent Examiner's Report|6|
|Statement of Financial Activities|7|
|Balance Sheet|8|
|Cash Flow Statement|9|
|Notes to the Accounts|10-16|
## **THE PAROCHIAL CHURCH COUNCIL OF ST. MILDRED’S LEE TRUSTEES REPORT FOR THE YEAR ENDED 31[st] DECEMBER 2023**
## **Aims and Purposes**
St Mildred’s is a parish in the Church of England within the Diocese of Southwark. Its main purpose is the promotion of the Gospel of our Lord Jesus Christ according to the doctrines and practices of the Church of England. The PCC has the responsibility, as stated in the Parochial Church Councils (Powers) Measure 1956, of ‘co-operation with the vicar in promoting in the parish the whole mission of the Church, pastoral, evangelistic, social and ecumenical’. Our mission is “To know Jesus and make him known”.
## **Objectives and Activities**
The aim of knowing Jesus and making him known is pursued through worship, teaching and provision of services to the whole community. The church runs a range of groups for parents/carers and toddlers, young people and older people. Church members meet fortnightly in home-based groups for Bible study and prayer. As well as its own youth activities, the church for many years hosted Uniformed Organisation (Scouts, Guides etc.). These groups previously relied on a church hall built in the 1960s. During 2019 these problems became so severe that the building had to be put out of use, sadly causing the uniformed organisations to have to seek premises elsewhere. During 2021 Guides, Brownies and Rainbows activities have resumed regularly in the main church building. In 2022, the church hall became increasingly unsafe and was taken down over the summer. A significant objective at present is raising money and planning the building of replacement facilities that will enable us to better serve our community. Planning permission for a new hall was refused by Lewisham Council in November 2019 but granted on appeal in August 2021.
During 2020 many of our normal activities were limited by COVID-19 but during 2023 these have returned to a more normal pattern. We have continued to seek ways to serve the local community, some of which are described below. Church services have largely returned to a normal. Most home groups now meet in person again.
The vast majority of effort required to run the activities of the church is provided by volunteers, with the only salaried staff being the Vicar (paid via the Diocese), church administrator and a part-time youth worker.
In pursuit of its mission, the church has a policy of giving away 10% of its income to other charitable bodies. The criteria for the selection of grant recipients are as follows. The grants should support a mixture of individuals and organisations engaging in mission locally, nationally and globally. The mission should be in line with the Evangelical Alliance Basis of Faith. There should be facility for the church to engage with any potential mission partner throughout the year and in multiple ways i.e. prayer, involvement in services and/or midweek activities, practical and financial support. We limit the number of mission partners to ensure effective engagement with all partners.
## **Achievements and Performance**
Services are held at 10am every Sunday, normally with a rotating pattern of Morning Prayer, Holy Communion and all-age worship. The congregation now generally meets in person on a Sunday morning, services continue to be streamed via YouTube for those who are unable to attend in person.
Except during the monthly all-age service, children leave part way through the service for “Kool Kidz” where accessible and age-appropriate Bible teaching is provided for children aged 4-13 in three groups. On closure of the church hall in 2019, temporary accommodation for Kool Kidz was provided by a pair
Page 1
of converted double decker buses in the church car park. Thanks are due to a dedicated group of helpers and teachers who have set up the facilities and made this possible every week.
Sunday@six is a group for young people aged 13 years and up; it was born online in 2020 as a response to the pandemic lockdown restrictions. Originally an on-line group, meetings went face to face as soon as possible and have continued, usually in the church, every Sunday at 6pm. In 2022, the Sunday@six group was expanded to include young people from school year 6. An average Sunday@six evening will include a Bible study and prayer time, some kind of activity including games and drama, and lots and lots of chatting! Regular Q&A sessions are very popular and the young people are always impressively open, honest and thoughtful. Sunday@six has encouraged our young people to get involved with church life beyond the youth work. Currently the majority of our regular attendees also serve in some way on a Sunday morning. They do this with maturity, commitment and fun; they are a huge blessing to our church family within the areas that they serve. Midweek activities for 7-13 year olds which ran prior to the pandemic have yet to restart. With the recruitment of a part-time youth worker, the church has continued to host outreach events for young people – including a light party.
It is hard to estimate the size of the regular worshipping congregation when some are still watching at home, but the electoral roll of the church stands at 131 adults and we have around 35 children.
We currently have five homegroups with a total of about 50 members, all of whom have met throughout the last year. Groups meet either in person or a hybrid format. Whether meeting online or in person, homegroups provide a safe place where church members can get together and chat, pray and study the Bible together. They provide a great opportunity to get to know other Christians really well and to be able to share together our experiences as we study the Bible and talk about what it means to us. We generally study one Bible book or theme each term and during 2023 we studied the books of Psalms and Philippians, and followed a study guide called ‘Love Your Church’.
Our annual, free, “family fun day” held on Easter Saturday, was held in 2023 for the first time since the pandemic. 170 adults and 191 children attended. During the year we have sought other opportunities to serve the local community. These have included building relationships with three local primary schools and hosting visits as part of their RE curriculum, supporting the Helping Hands food bank, and collecting items to support the work of Lewisham Donation Hub.
Cuppa & Cake was launched in 2021 and is an opportunity for people to come together and chat over a cuppa and homemade cakes. This is a new ministry, reaching out to the lonely and isolated. It retains many successful aspects of the former Horizon Group - the crucial difference being this drop- in caféstyle morning is for people of all ages.
The Parent and Toddler group meets weekly. Attendance is now averaging 84 children and 57 adults each week. People are very thankful for the care and attention they receive, the resources, the craft activity, the fruit and drinks and of course the songs and Bible story.
In winter 2022, St Mildred’s set up a “warm space” to provide the local community with a place to come on Wednesdays between 11-3 to keep warm and interact with members of the church. This has been particularly important due to the cost of living crisis. This continues to be a popular ministry and is now referred to as “Warm Welcome Space”.
During 2023 St Mildred’s has continued to provide regular support to five charities both financially and in prayer. Locally we support The Nehemiah Project and Arab World Ministry of Pioneers. Recipients working overseas are: Open doors, Covenant Homes Kenya, and Tearfund.
Pastoral care and support are offered to anyone who requires it in the form of prayer, conversation, appropriate administration of the Christian sacraments (baptism and Holy Communion) with suitable preparation, Confirmation, weddings, visitation of the sick, and funerals. Prayer ministry, normally offered after every Sunday morning service, has resumed in person and is also still available by telephone.
Page 2
Plans for a new Church Hall (the “Development Project”) were set back by refusal of planning permission by Lewisham Borough Council in November 2019. Permission was granted on appeal in August 2021. In the meantime, the condition of the old hall has deteriorated to the point where the hall was demolished in the summer of 2022. The Development group are continuing to finalise plans and seeking a faculty for its replacement.
## **Financial Review**
## **Unrestricted Funds**
Total receipts on unrestricted (general) funds during the year were £144,551. This is a little higher than the previous year and was helped by an increase in our income from the hiring of the church. The £144,551 is the income available for the general running of the church. The amount of sundry income from hire of the church and other sources totalled £12,317. The balance of £132,234 was all from the giving of the congregation and others during the year for which we are very grateful.
Total expenditure amounted to £170,052. This figure is substantially higher than the previous year which was £146,336, an increase of some 16%. Like many others in 2023 we were hit by a large increase in costs across the board but particularly with our energy and staff costs. Within the expenditure total is a charge for our charitable giving of £14,555 which is based on 10% of our income for the year.
Deducting the expenditure for the year from the income received results in a deficit for the year of £25,501. This is deducted from the reserves brought forward of £130,704 to give reserves on unrestricted funds carried forward at the 31[st] December 2023 of £105,203.
The deficit is of course concerning but our staff costs and energy costs are likely to be very much reduced in 2024 and accordingly any deficit should be much reduced and possibly eliminated.
At the 31[st] December 2023 we had a bank balance on our general account of £85,816.
## **Restricted Funds**
The restricted funds are funds that are set aside for the Development Project which involves the building of a new church hall and ancillary buildings. Total receipts into the fund in the year amounted to £107,890. Expenditure directly incurred on the Development Project, principally architect’s and consultant’s fees, was £30,537 which is capitalised as shown in Note 4 of the accounts. We also recovered costs of £35,458 which is deducted from the capital costs going forward.
The only expenses charged against our income for the year are a provision for charitable giving of £10,789, fundraising costs of £11,823 and some depreciation and minor admin costs. These costs totalling £25,248 are deducted from the total income giving a net surplus for the year of £82,642.
The surplus on the restricted funds is added to reserves brought forward giving rise to total reserves set aside for the Development Project at the 31[st] December 2023 of £2,206,428.
The total provision included in the accounts for our giving from the Development Project amounts to £231,409. This provision represents funds set aside from which the PCC proposes, in due course, to make grants to other charities to fund primarily capital projects.
At the 31[st] December 2023 we had bank balances on our Development Project account (restricted funds) totalling £2,143,174.
Page 3
## **Reserves Policy**
Our policy with regard to our general funds is to maintain a balance sufficient to cover four months of day to day running costs which equates to around £48,000 together with sufficient funds to cover known impending costs relating to necessary repairs to our church buildings.
The reserves of the restricted funds are of course to cover the cost of our building project. This cost has been estimated at being in the region of £4.6m. We are very encouraged by the money raised to date and give thanks to God for his wonderful provision.
## **Structure Governance and Management**
The Parochial Church Council is a corporate body established by the Church of England. The PCC operates under the Parochial Church Council Powers Measure.
The method of appointment of PCC members is set out in the Church Representation Rules. At St. Mildred’s the membership of the PCC consists of the clergy, churchwardens, and 12 members elected by those members of the congregation who are on the electoral roll of the church. All eligible members of the congregation are encouraged to register on the Electoral Roll. Membership of the roll currently stands at 131.
The PCC members are responsible for making decisions on all matters of general concern and importance to the parish including deciding on how the funds of the PCC are to be spent. New members receive initial training into the workings of the PCC and their responsibilities as legal trustees. All PCC members, as charity trustees, have had regard to the Charity Commission's public benefit guidance, where relevant, in exercising their powers and duties.
The Standing Committee is a sub-set of the PCC appointed by the PCC and consisting of 8 members including the Clergy, Churchwardens, Secretary, and Treasurer. It has powers to transact the PCC’s business between meetings. The standing committee met online 6 times during the year.
The full PCC met in person 10 times during the year with an average level of attendance of 78%. Subgroups meet to discuss mission support and the Development Project and report back to the PCC with recommendations.
The PCC has complied with the duty under section 5 of the Safeguarding and Clergy Discipline Measure 2016 to have due regard to House of Bishops' guidance on safeguarding children and vulnerable adults. Contact details for any safeguarding issues can be found on the Church web site.
Page 4
## **Legal and Administrative Information**
St Mildred’s Lee is located in St Mildred’s Road, London, SE12 0RA. It is part of the Diocese of Southward within the Church of England. The correspondence address is 1A Helder Grove, London, SE12 0RB. It is registered with the charity commission, Charity number 1128995.
Members of the PCC who served during 2023 and up to the date of the signing of these accounts were as follows:
## **Clergy**
Vicar: Rev. Tom Lake (Chair) Associate Vicar: Rev Daphne Clifton
## **Church Wardens**
Mr Trevor Gill Dr Shimona Gayle
## **Deanery Synod**
Mr David Nicholls Mr Chris Coutts Mr Robert Sutton Mr Trevor Gill
## **Elected members**
Mrs Pauline Leslie Mr Andrew Beck Mrs Stella Gill Ms Louise Wayman Ms Serena Atkins-Bibow Ms Edna Petzen Dr Katie Doores Mrs Margaret Brooks Mrs Susanne Holmes (until May 2023) Mr Chinedu Iferiora (until March 2023) Ms Denise Estcourt (until May 2023) Mr Matthew Shimwell Mrs Hannah Cook (from May 2023) Mr Marcus King (from May 2023) Mr Paul Nicolson (from May 2023)
## **Hon. Treasurer**
Mr Paul Nicolson (Co-opted until May 2023 then became elected member)
**Secretary to PCC** Dr Katie Doores
On behalf of the Parochial Church Council
Rev. Tom Lake (Chair) Date: 30[th] April 2024
Page 5
## **INDEPENDENT EXAMINER’S REPORT TO THE PCC OF ST MILDRED’S CHURCH, LEE, LONDON, FOR THE YEAR ENDED 31st DECEMBER 2023**
I report on the accounts for the year ended 31[st] December 2023, which are set out on pages 7 to 16
## **Respective responsibilities of Trustees and Independent Examiner**
As trustees of the charity, the members of the Parochial Church Council are responsible for the preparation of the accounts. The members consider that an audit is not required for this year (under section 144(2) of the Charities Act 2011 (The 2011 Act)) and that an independent examination is needed.
It is my responsibility to:
- examine the accounts under section 145 of the 2011 Act;
- to follow the procedures laid down in the General Directions given by the Charity Commission under section 145(5)(b) of the 2011 Act); and
- to state whether particular matters have come to my attention.
## **Basis of Independent Examiner’s Statement**
My examination was carried out in accordance with General Directions given by the Charity Commission. An examination includes a review of the accounting records kept by the charity and a comparison of the accounts presented with those records. It also includes consideration of any unusual items or disclosures in the accounts, and seeking explanations from the trustees concerning any such matters. The procedures undertaken do not provide all of the evidence that would be required in an audit, and consequently I do not express an audit opinion on the accounts and my report is limited to those matters set out in the statement below.
## **Independent Examiner's statement**
In connection with my examination, no material matters have come to my attention which give me reasonable cause to believe that in, any material respect, the members have not met the requirements:
- to keep accounting in accordance with section 130 of the 2011 Act; and
- to prepare accounts which accord with the accounts records and to comply with the accounting requirements of the 2011 Act.
I have come across no other matters in connection with the examination to which, in my opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached.
## _**Signed:**_
Chinedu Ifediora 51 Barnfield Road Orpington, Kent BR5 3LS
## _**Date**_ **7[th] April 2024**
Page 6
## **THE PAROCHIAL CHURCH COUNCIL OF ST. MILDRED'S LEE STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31ST DECEMBER 2023**
|**Note**
**INCOME**
Voluntary Income
2(a)
Income from church activities
2(b)
Income from investments
2(d)
**TOTAL INCOME**
**EXPENDITURE**
Charitable giving
3(a)
Church activities
3(b)
Church management
3(c)
**TOTAL EXPENDITURE**
**NET (EXPENDITURE) / INCOME**
**TOTAL FUNDS BROUGHT FORWARD**
**TOTAL FUNDS CARRIED FORWARD**|**Unrestricted**
**Funds**
**£**
132,234
12,278
39
144,551
14,555
152,723
2,773
170,052
(25,501)
130,704
105,203|**Restricted**
**Funds**|**2023**
**TOTAL**|**2022**
**FUNDS**|
|---|---|---|---|---|
|||**£**|**£**|**£**|
|||73,203
1,367
33,320|205,436
13,645
33,359|259,986
9248
8,347|
|||107,890|252,441|277,581|
|||10,789
14,171
288|25,344
166,895
3,061
195,300
57,141
2,254,490|28,356
134,874
4,015|
|||25,248||167,245|
|||82,642
2,123,786||110,336
2,144,154|
|||2,206,428|2,311,631|2,254,490|
Page 7
## **THE PAROCHIAL CHURCH COUNCIL OF ST. MILDRED'S, LEE BALANCE SHEET AT 31ST DECEMBER 2023**
|Notes
**FIXED ASSETS**
Tangible Fixed Assets
4
**CURRENT ASSETS**
Debtors
5
Cash at bank and in hand
6
Creditors
7
**NET CURRENT ASSETS**
**NET ASSETS**
**Represented by**
**FUNDS**
Unrestricted Funds
8
Restricted Funds
8
**LIABILITIES: AMOUNTS**
**FALLING DUE WITHIN ONE**
**YEAR:**|301,528
34,903
2,228,990
2,263,893
253,790
2,010,103
**2,311,631**
105,203
2,206,428
**2,311,631**
**2023**
**£**|313,897
48,553
2,130,388
2,178,941
238,348
1,940,593
**2,254,490**
130,704
2,123,786
**2,254,490**
**2022**
**£**|313,897
48,553
2,130,388
2,178,941
238,348
1,940,593
**2,254,490**
130,704
2,123,786
**2,254,490**
**2022**
**£**|
|---|---|---|---|
||2,263,893
253,790|2,178,941
238,348||
||||**2,254,490**|
||||130,704
2,123,786|
||||**2,254,490**|
Approved by the Parochial church council on 30th April 2024 and signed by:
**The Revd Thomas Lake (chair)**
Page 8
]
## **THE PAROCHIAL CHURCH COUNCIL OF ST. MILDRED'S, LEE CASH FLOW STATEMENT FOR THE YEAR ENDED 31 DECEMBER 2023**
|**Net cash from operating**
**activities**
**Cash flows from investing activities**
Fixed asset disposals/(additions) for use by the PCC
**Changes in cash and bank**
**balances in the reporting period**
**Cash and bank balances at 31st December 2023**
**Reconciliation of net income/(expenditure)**
**Net surplus for the year**
**Adjustments for:**
Depreciation charges
Decrease/(increase) in debtors
Increase in creditors
**Analysis of cash and bank balances**
Bank balances
**Cash and bank balances at 1st January 2023**|**2023**
**£**
93,681
4,920.
98,602
2,130,388
2,228,990
57,141
7,448
13,650
15,442
93,681
2,228,990|**2022**
**£**
129,993
(100,691)|
|---|---|---|
|||29,302
2,101,086|
|||2,130,388|
|||110,336
9,309
(3,114)
13,462|
|||129,993|
||||
|||2,130,388|
Page 9
## **THE PAROCHIAL CHURCH COUNCIL OF ST. MILDREDS’S LEE NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023**
## **Note 1**
## **Basis of Preparation and accounting policies**
The PCC is a public benefit entity within the meaning of FRS102. 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, together with FRS102 (2016) as the applicable accounting standards and the 2016 version of the Statement of Recommended Practice,
The financial statements have been prepared under the historical cost convention.
## **Funds:**
General funds represent the funds of the Parochial Church Council (`PCC’) that are not subject to any restrictions regarding their use and are available for application for the general purposes of the PCC.
Restricted funds are funds earmarked by the PCC for a particular purpose.
The Restricted fund shown in the accounts is for buildings development including a new church hall.
The accounts 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 or those that are informal gatherings of church members.
## **Income**
## _**Voluntary income and capital sources**_
- i Collections are recognised when received by or on behalf of the PCC.
- ii Planned giving receivable under Gift Aid is recognised only when received.
iii Income tax recoverable on Gift Aid donations is recognised when the related income is recognised.
- iv Grants and legacies to the PCC are accounted for as soon as the PCC is notified of its legal entitlement, the amount due is quantifiable and its receipt by the PCC is reasonably certain.
## _**Income from investments**_
i Interest entitlements are accounted for as they fall due.
- ii Tax recoverable on such income is recognised in the same accounting period.
Page 10
## **Note 1 (Continued)**
## **Resources Used:**
## _**Grants**_
Grants and donations are accounted for when paid or when awarded, if that award creates a binding obligation on the PCC.
## _**Activities directly relating to the work of the church**_
The diocesan parish share is accounted for when paid. Any parish share unpaid at the year end is provided for in these accounts as an operational (though not a legal) liability and included in creditors in the Balance Sheet.
## **Assets**
## **Fixed Assets:**
## _**Consecrated property and movable church furnishings**_
Consecrated and benefited property of any kind is excluded from the accounts by s.96 (2) (a) of the Charities Act 1993.
- i Moveable church furnishings held by the Vicar and the Church Wardens on special trust for the PCC, and which require a faculty for disposal, are accounted for as inalienable property unless consecrated. They are listed in the church inventory which is available for inspection.
- ii For inalienable property acquired prior to 1 January 2000 there is insufficient cost information available and therefore such assets are not valued in the accounts.
- iii Items acquired since 1 January 2000 have been capitalised and depreciated in the accounts over their currently anticipated useful economic life on a reducing balance basis.
All expenditure incurred in the year on consecrated or beneficial buildings, or on the repair of movable church furnishings is written off of in the income statements
## _**Other fixtures, fittings and office equipment**_
Equipment used within the church premises is depreciated on a reducing balance basis at 20% a year.
## _**Development Project**_
The church is currently involved in a building project that will involve a new church hall. Expenditure on this project incurred since the 1st January 2015 is capitalised and shown in the accounts under fixed assets. No depreciation is charged on these costs.
## _**Current Assets**_
Amounts owing to the PCC at the year end in respect of fees, rents or other income are recognised at fair value and included in debtors less provision for impairment for amounts that may prove uncollectible.
## _**Current Liabilities**_
The PCC tithes 10% of income each year. Tithes not paid at the 31[st] December each year are included in Current Liabilities.
Page 11
## **THE PAROCHIAL CHURCH COUNCIL OF ST. MILDRED'S LEE NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023**
## Note
|Note|||||
|---|---|---|---|---|
|**2**
**INCOMING RESOURCES**|**Unrestricted**
**Funds**
**£**|**Restricted**
**Funds**
**£**|**2023**
**2022**
**£**
**£**
**TOTAL FUNDS**||
||||**£**||
||||||
|2(a) **Voluntary Income**
Planned Giving:
Tax efficient
Tax recovery
Other Tax efficient
Other
Collections
Sundry donations
Legacies
2(b) **Income from church activities**
Use of church
Other fundraising activities
PCC Fees
2(d) **Income from investments:**
Bank Interest
TOTAL INCOMING RESOURCES|96,113
23,963
314
3,762
7,057
1,025
132,234
-
132,234
11,601
-
677
12,278
39
**144,551**|54,667
10,940
659
5,445
-
1,492
73,203
-
73,203
-
1,367
-
1,367
33,320|150,779
34,903
973
9,207
7,057
2,517|187,483
46,989
659
15,340
7,906
1,609
259,986
-
259,986
6,880
2,054
314
9,248
8,347
**277,581**|
||||205,436
-||
||||205,436||
||||11,601
1,367
677||
||||13,645||
||||33,359||
|||**107,890**|**252,441**||
Page 12
## **THE PAROCHIAL CHURCH COUNCIL OF ST. MILDRED'S LEE NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023**
|Note
3
**EXPENDITURE**
Note
3(a) **Charitable Giving**
Tithe - General Fund
9
Tithe - Development Fund
9
3(b) **Church activities:**
Diocesan Assessment
Working and other expenses
Conferences and training
Resources
Publicity and Outreach
Staff costs
Church running costs
10
Church maintenance
11
Upkeep of churchyard
Cleaning
PA, Audio Visual and musicians
Copyright licence
Upkeep of services
Education and young people
Newsletter
Catering and social events
Fundraising costs
Depreciation
3(c) **Church management**
Printing, postage and office supplies
Telephone & Internet
Church Suite software
Sundry
Card machine
Job Advertising
Bank and card charges
Other fees & subscriptions
**TOTAL EXPENDITURE**|**Unrestricted**
**Funds**
**£**
14,555
-
14,555
75,480
859
2,737
475
837
26,987
22,300
6,264
350
5,063
1,144
1,155
459
1,095
773
1,645
-
5,100
152,723
589
557
462
160
-
-
233
772
2,773
170,052|**Restricted**
**Funds**
**£**
-
10,789
10,789
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
11,823
2,348
14,171
208
-
-
-
-
80
-
288
25,248|**2023**
**2022**
**TOTAL FUNDS**|**2023**
**2022**
**TOTAL FUNDS**|
|---|---|---|---|---|
||||**£**|**£**|
||||14,555
10,789
25,344
75,480
859
2,737
475
837
26,987
22,300
6,264
350
5,063
1,144
1,155
459
1,095
773
1,645
11,823
7,448
166,895
797
557
462
160
-
-
313
772
3,061
195,300|14,990
13,366
28,356
74,000
989
1,399
782
1,148
17,152
11,214
8,892
330
4,587
186
968
1,087
607
1,119
1,105
-
9,309
134,874
1,341
451
-
224
455
595
221
728
4,015
167,245|
Page 13
## **THE PAROCHIAL CHURCH COUNCIL OF ST. MILDRED'S, LEE NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023**
## **Notes**
- 4 **Fixed Assets for use by the PCC**
|Cost b/f - at 1st January 2023
Additions
Costs refunded
Depreciation b/f - at 1st January 2023
Charge for the year
Net Book Value - at 31st December 2023
5
**Debtors**
Income tax Recoverable
Income tax Recoverable - Dev Fund.
Other
6
**Cash at bank and in hand**
General account
Development Account
7
**Creditors**
Provision for tithe - General Fund
Provision for tithe - Development
Other creditors
8
**Accumulated Fund - Unrestricted**
Balance at beginning of year
(Deficit) for the year
Balance carried forward
**Accumulated Fund - Restricted**
Balance at beginning of year
Surplus for the year
Balance carried forward
Total Funds carried forward|Equipment
Buses and
Toilets
**£**
**£**
73,981
25,057
-
-
-|Development
Project
**£**
276,661
30,537
(35,458)|Total
**£**
375,699
30,537
(35,458)|
|---|---|---|---|
||73,981
25,057|271,740|370,778|
||48,484
13,318
5,100
2,348|-
-
-
271,740
**2022**
25,081
21,908
1,564
48,553
99,203
2,031,185
2,130,388
15,264
220,620
2,464
238,348
133,125
(2,421)
130,704
2,011,029
112,757
2,123,786
**2,254,490**|61,802
7,448|
||53,584
15,666||69,250|
|||||
||20,397
9,391||301,528|
||**2023**
23,963
10,940
-
34,903
85,816
2,143,174
2,228,990
14,455
231,409
7,926
253,790
130,704
(25,501)
105,203
2,123,786
82,642
2,206,428
**2,311,631**|||
Page 14
## **THE PAROCHIAL CHURCH COUNCIL OF ST. MILDRED'S LEE NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST DECEMBER 2023**
|**Note**
9
**Charitable Giving**
**Paid in the year**
Open Doors (UK)
Covenant Home Trust
Tearfund
Arab World Ministries
The Nehemiah Project
Trussell Trust
AFRIL
The Mizen Foundation
XLP
**Add provison C/fwd**
**Less provision B/fwd**
**Charge for the year**
10
**Church running costs**
Gas
Electricity
Heating contribution from Diocese
Insurance
Water rates
Pest control
11
**Church maintenance**
General repairs & renewals
Roofing & Guttering
Fire safety
Temporary repair to vestry arch
Electrical repairs
Boiler maintenance
Plumbing repairs
Refit buses
Install bollards|**Unrestricted**
**Restricted**
**Funds**
**Funds**
**2023**
**2022**
**£**
**£**
**£**
**£**
2,879
-
2,879
3,000
2,878
-
2,878
3,000
2,878
-
2,878
3,000
2,878
-
2,878
3,000
2,879
-
2,879
3,000
436
-
436
-
436
-
436
-
100
-
100
-
-
-
-
598
15,364
-
15,364
15,598
14,455
231,409
245,864
235,884
29,819
231,409
261,228
251,482
15,264
220,620
235,884
223,126
14,555
10,789
25,344
28,356
7,628
-
7,628
3,330
6,499
-
6,499
1,350
-
-
-
(1,400)
7,402
-
7,402
7,269
213
-
213
152
558
-
558
513
22,300
-
22,300
11,214
794
-
794
983
597
-
597
1,157
340
-
340
606
1,656
-
1,656
-
1,861
-
1,861
1,087
380
-
380
-
636
-
636
-
-
-
-
4,410
-
-
-
649
**TOTAL FUNDS**|**Unrestricted**
**Restricted**
**Funds**
**Funds**
**2023**
**2022**
**£**
**£**
**£**
**£**
2,879
-
2,879
3,000
2,878
-
2,878
3,000
2,878
-
2,878
3,000
2,878
-
2,878
3,000
2,879
-
2,879
3,000
436
-
436
-
436
-
436
-
100
-
100
-
-
-
-
598
15,364
-
15,364
15,598
14,455
231,409
245,864
235,884
29,819
231,409
261,228
251,482
15,264
220,620
235,884
223,126
14,555
10,789
25,344
28,356
7,628
-
7,628
3,330
6,499
-
6,499
1,350
-
-
-
(1,400)
7,402
-
7,402
7,269
213
-
213
152
558
-
558
513
22,300
-
22,300
11,214
794
-
794
983
597
-
597
1,157
340
-
340
606
1,656
-
1,656
-
1,861
-
1,861
1,087
380
-
380
-
636
-
636
-
-
-
-
4,410
-
-
-
649
**TOTAL FUNDS**|
|---|---|---|
|||15,598
235,884|
|||251,482
223,126|
|||28,356|
|||3,330
1,350
(1,400)
7,269
152
513|
|||11,214|
|||983
1,157
606
-
1,087
-
-
4,410
649|
||6,264
-
6,264|8,892|
Page 15
## **THE PAROCHIAL CHURCH COUNCIL OF ST. MILDRED'S LEE NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST DECEMBER 2023**
## 12 **Staff Costs**
Staff costs relate to our administrator and youth worker who receive in addition to their salary, a contribution to their pension scheme amounting to 5% of salary.
## 13 **Bankers**
Our primary bankers are HSBC. We also have a subsidiary account with Nationwide.
## 14 **Restricted Funds**
## **Restricted Funds as at 31 December 2023**
|Details
Development Fund
**TOTAL**|Balance as at
Income
Expenses
Balance as at
01-Jan-23
31-Dec-23
2,123,786
107,890
25,248
2,206,428|
|---|---|
||**2,123,786**
**107,890**
**25,248**
**2,206,428**|
Page 16