THE PAROCHIAL CHURCH COUNCIL FOR THE ECCLESIASTICAL PARISH OF WARFIELD REPORT AND ACCOUNTS FOR THE YEAR ENDED 31 DECEMBER 2023
Contents Pa Legal and adminislralive infomialion Council Membership Trustees, Annual Report Aims and Purposes Objectives and Acb'vib'es Achievements and Perfomiance Review of Financial Activities and Affairs 10 Slruclure, Governance and Management Slalement of Responsibilities of PCC Members 12 Independent Examiner's report 13 Statement of Financial Activities 14 Balance Sheet 15 Notes lo the Accounts 16
Legal and Administrative Information Registered Charity number 1129301 Registered name The Parochial Church Council of the Ecclesiastical Parish of Warfield Prlnclpal address Church Lane Warfield Bracknell RG42 6EE Independent Examiner Kim Swain MA Ioxonl FCA Radford & Sergeant Limited Building 3, Walchmoor Park Camberley Surrey GU15 3YL Bankers HSBC 9 High Street Bracknell RG12 1DN
Council Membership Members oflhe PCC (Trusleesl are eilherex officio or elected by the Annual Parochial Church Meeting in accordance with the Church Representation Rules. The following served as members of the PCC during 2023.. Vicar.. Rev Calharine Mabuza Associate Ministers.. Rev David Brown Rev Michelle Porter-Babbage Curate.. Rev David Chislett Churchwardens.. Andy Colpus Sharon Wignall lunlil 25.4.231 PCC 202213 Licènsed Lay Ministers on PCC.. None PCC 202314 Licensed Lay Ministèrs on PCC.. None Diocesan Synod members Amanda Palelhorpe Diocesan Synod members Amanda Palelhorpe Deanery Synod members.. Paul Alen Juliet Date Deanery Synod members.. Paul Allen Juliet Dale Beth Gomm (from 25 4.231 Lili Mirza (from 25 4.231 Nigel Pengelly (from 25.4.23 until 20.8.231 Jon Walls Ifrom 25.4.231 Elected members. Penny Brinkley-Brown Catriona Cappleman Mel Cross (until 25.4.231 Chris Drage Alex Fry Ashley Hill Michelle Howell Will Lindsay lunlil 25.4.231 Geoff Minchell lunlil 25.4.231 David Ritchie Mary Shields lunlil 25.4.231 Kale Tyson Elected members.. Gaynor Boullon (from 25.4.23) Penny Brinkley-Brown Calriona Cappleman lunlil 25.11.231 Chris Dragè Alex Fry Ashley Hill Abi Howe (from 25.4.231 Michelle Howell (until 20.6.231 Kevin Pearcey (from 25.4.231 Gary Rivinglon lfrom 25.4.231 David Ritchie Kale Tyson Co-opted members.. None Co-opted members.. None PCC Secretary.. Anne Harling luntil 18.7.231 Helen Francis (from 18.7.23 until 25.11.231 Electoral Roll Officer,. Sarah Colpus Treasurer.. Calriona Cappleman lunlil 25.4.231 Chris Drage lfrom 25.4.231
Warfield PCC Trustees Annual Report for the year 2023 Aims and Purposes Warfield Church aims to share the love of Jesus with the world, by connecting people to Jesus and each another equipping people for their God-given calling. and releasing people into God's mission in the world. Our values are." Adventurous Generous Accountable Collaborative Warfield Church dales its origins back lo 1016 AD, and sils within the Church of England. with an open evangelical and charismatic Iradilion. The church began when Queen Emma granted permission for a chapel lo be built on the sile of the present Sl Michael thè Archangel Parish Church. It is likely lo have been built lo proclaim God's victory over paganism and lo proclaim the name of Jesus. The PCC has the responsibility, as slated in the Parochial Church Councils (Powers) Mèasurè 1956, of co-operating with the minister in promoting lo as many people as possible in the ecclesiastical parish. the whole mission of the Church, pastoral, evangelistic, social and ecumenical. Objectives and Activities Strategic Objectives In 2013 the Warfield Strategic Plan was endorsed by the Parochial Church Council. The four 51ralegic priorities of that plan remain. although the oulworking of them now looks very different. 1. Location. The primary area of ministry is within Warfield, and in the Bu11brook area by permission of the Bracknell Parish and Bracknell Deanery. 2. Reaching Everyone. To reach people Imake disciples) of every age, ability and life stage, noting that il is important lo relain these people as they undergo the major transitions betrNeen these ages and stages. 3. Planting Congregations & Community Engagement.. For some years, our practice has been to grow the church through planting congregations and engaging with local comrnunilies. Thirty years ago, Warfield was a village with a population of 2,000 and a medieval parish church. As a huge number of new houses were constructed, our goal has been lo build community and church by planting congregab'ons into these growing areas. 4. 8eyond Warfield." Warfield Church also has a role lo play working with other churches within the deanery and beyond.
Activities The activities al Warfield Church can be described as 'church-wide' and local lo congregations and aim to implement our strategic objectives by providing activities for members and non-members, of all ages and abilities, engaging with the community and supporting churches beyond our parish boundaries, in this country and across the world. The Iruslees confirm that they have had regard lo the guidance issued by the Charity Commission on public benefit. 1 Church-wide.. a. Occasional Offices - There were 4 weddings during the course of the year, and 22 baplisms110 babies, 11 childfftn and 1 adulll. There were 7 funerals in church and our clergy took 7 funerals al the crem. There were 3 burials of ashes in the graveyard. b. Mid-week Communion Services- There was a communion service every Wednesday al St Andrew's until Easter. From Easter th1s reduced lo once a month on the first Wednesday of the month. The monthly service at the Warfield Park Community Centre on the second Tuesday of each month continued, with good allendance- in July. Il was the highest allendance ever as those gathered said farewell lo Chris and Richard Page who had begun the work on Warfield Park. c. 'Together' Servieès- In May all congregations mel for a celebration, in the ground5 of Warfield Primary School. In October, 'Celebralion Sunday, (ahead of Vision Sunday in congregalionsl was held in Sl Michael's Church, with all congregations together lo celebrate the year past and look forward lo 2024. In addition, on Sundays in the summer, and on the Sunday after Christmas, there were 'SummerlWinler Gatherings,. when congregations mel together for pragmatic reasons, given that many people were away. d. Alpha - an opportunity lo explore the Christian faith in an open and friendly environment. An Alpha course was held in the Parish Rooms during the Summer Term. e. Courses - in addition lo the Alpha Course, we also ran The Bible Course, THE Prayer Course, the Unanswered Prayer Course, and the Romans Course, all alongside C3. f. Bereavement Work - During the autumn term, we also ran the Bereavernenl Journey course, and the Bereavement Carol Service was well attended, and appreciated by many. e. Youth & Chlldren's Work Warfield Ghurch has lols of opportunities Iof young people and children, many of which are outreach lo non-church families.. i Little Slarz is a toddler group for under 5's and their carers which meets in St Michael's on Monday mornings and in St Andrew's on Thursday mornings. Activities include play, craft, songs, prayer and a bible story. Average lolal attendance across both sessions was 52 adults and 83 chilclren during 2023. ii. All Slao is the Friday night Kids. Club with activities and the Christian message for primary school aged children. An average of 58 children and 9 junior leaders attended through 2023. iii. Prima Sehools visits- The number of primary schools with which we work reduced from 6 10 S during 2023, as sadly Maedowbrook School closed during the year. Our Children, Youth and Familie8, Pastor did assemblies and lessons in schools, and groups visited both buildings. We also enjoy the use of the buildings at Vvhilegrove Primary and Warfield Primary each Sunday morning. iv. Relen ss is for young people of secondary school age and meets each Friday evening in term lime. Relentless has a mixture of games and fun activities and finishes with a Christian message. Average attendance was 28 across the year. vi. Youth Life Grou s- Until the Summer there were two youth Life Groups and one from September onwards.
vii Seconda Schools and Colle e- The Youth Pastor had increased contact with Bracknell and Wokingham College. including a joint deanery initiative to allend Freshers Fair. We continue lo support the role of School Chaplain at Ranelagh and Sandhursl schools. f. Autumn Club is a group for older people with a number of events through the year. g. Cameo is a group that provides worship and leaching specifically lo meet the needs of adults with learning disabilities and is jointly supported by Warfield Church and Easlhampslead Baptist Church h. CBS - Warfield Church h051s weekly CBS groups for slruclured Bible Study Iwww communitybiblestudy.orgl Share- Warfield Church hosts Share Bracknell in St Andrew's each Friday. Volunteers collect short-daled food on Thursday evenings, and this is redistributed on Friday afternoons lo those in need or anyone who would like lo collect. The work has gone from strength lo strength during 2023 with around 80 households attending each week and about 40 volunteers, about 600k of whom are from Warfield Church. j. Communitea and C3 - There are two weekly coffee mornings - Community in Bullbrook Community centre on Tuesdays, and C3 in the Brownlow Hall on Thursdays. Both are well attended. k Support to Bracknell Deanery and Oxford Diocese- Members ofwarfield Church have served on the Deanery Standing and Pastoral committee and on Diocesan Synod. Calharine Mabuza and David Brown continued in their roles as Co-Area Deans for the Bracknell Deanery l. Bracknell Christian Network - Leaders trom Warfield Church allend an online weekly prayer meeting for leaders ol churches and Christian organisalions in Br2cknell. Through this they are able lo share information and work in partnership with other local Churches. Support to the world-wide church - Warfield Church has a strong emphasis on developing partnerships with overseas mission partnerg. whom we uphold through prayer. financial giving and visits. This enables us not only to support the work directly, but also fosters a culture of generous con for other parts of Christ's body. We have benefited from the use of technology lo enable Mission Partners lo preach al Warfield from thousands of miles away. 2. Local to Congregations.. Warfield Church meets in four locations on Sundays.. Sl Andrew's, PrIes00d Sl Michael the Archangel, Warfield iii. INhilegrove School iv. Warfield C E Primary School - Woodhurst site The laller three Congregations each have their own leadership team and budget. These congregations engage with their Ioc81 communits'es in different ways and support members through pastoral care and Life Groups Further detail of some of the events during 2023 can be found below. There are two church buildings in the parish, St Michael the Archangel and Sl Andrew's. The Sl Michael's sile also includes the Parish Rooms, which contain a large meeting hall, kitchen, toilets and the church oftice. The church also owns a house in Warfi'eld, currently rented to a private lenanl.
Achievements and Performance 2023 Overview Compared lo recent years, and the years lo come. 2023 was a fairly stable year al Warfield Church, though big changes were announced towards the end of the year. Congregation5 continued lo discover their identity and lo work on their vision for mission in their localities. Sunday allendance increased slightly through the ye2r, most notably al Sl Andw'S. Al Sl Andrew's, the Sunday congregation began lo meet On a month for an extended lime of prayer after the morning service, praying for the local community and the mission of the church in the area. A sub-commillee of the PCC also bècame more aetive and made excellent progress with plans lo redevelop the building and make it more fil for purpose. Andy Colpus, Churchwarden. led this work. and by the end of the year there were Some ini1121 architect's drawings to consider for a redevelopment. Children's and Youth work has also continued lo grow again after the pandemic, assisted by the apptsinlmenl ol a new Youth Pastor, Chris Osinaike, who started work al the beginning of the year. In April we celebrated with him when he married Daisy Ridell. Youth Pastor al Binfield Church. There has been increased partnership bebfveen the churches in youth workl Special events during the year included Rev Calharine Mabuza becoming an Honorary Canon of Christ Church Cathedral. 8nd celebrations of the King's coronation, including the planting of another tree in the grounds ol Sl Michael's, and a celebration on the Green opposite Whilegrove School. In July a large group once again allended the New Wine Summer conference, this lime in Kent. Also of note were the two evenings held enlilled 'Lel's Talk Menopause,, to which over 130 people came in total. The evenings were led by Rosie Crowhurst, a practice nurse and member of Warfield Church West, and were hugely appreciated by church members and friends alike. From July onwards, a group from Warfield Church North mel under the heading 'Care for Creation,. Amongst other things they registered for the A Rocha Eco Church Award scheme, and by Dember were awarded the Bronze award. In October we had a sucTrssful sequence of Celebration Sunday, Vision Sunday. and Giving Sunday. The last of these included a clear presentation of the fInanS and the forecast end of year deficit, and a Clear request lo church members lo pray for God's provision and lo prayerfully consider their giving. The results ol this were hugely encouraging, and significantly improved the yèar end figures. Throughout the year there had been a number of conversations across the church (including a joint meeting of PCC and Leadership Teams in Janu8ry1 on the subject of Living in Love and Faith and issues of human sexuality. Al the end of the year, plans for a series of churchwide meetings in early 2024 were announced These local conversations were part of the national picture in relation lo the proposals brought before General Synod in February, July and November. 11 was this last meeting of the General Synod, and the decision lo aulhorise the Prayers of Love and Faith which led, very sadly, lo the resignation of David Ritchie, Associate Minister since 2013. David did not feel able lo slay within the Church of Eng5and. and so resigned as a Licensed Lay Worker and left ordination training. The week before David's resignation was announced, il had also been announced that Rev Michelle Porter-Babbage would be leaving Warfield Church lo become Pioneer Oversight Minister in the Godrevy Benefice in the Diocese of Truro and that Rev Canon Calharine Mabuza had been appointed as Archdeacon of Surrey in the Diocese of Guildford. In December we also said farewell lo Dave and Catriona Cappleman, as they moved away from Bracknell. They had been members of the church for 39 and 36 years respectively, serving in many capacities including those of Licensed Lay Minister (Dave) and Treasurer Icalrional. We 8re tremendously grateful lo them and for them All of this meant that by the lime 2023 drew lo a close there were major changes on the horizon for Warfield Church. Because of the impact ol the departure of David Ritchie and others, Worship@7 happened for the last time in December.
However this did not slop some excellent Christmas celebrations, with attendance up across the board lo be the highest since before the pandemic. Christmaslastic al Woodhursl and Carols by Candlelight at St Michael's both attracted very good numbers, and al Whitegrove there was 8 Crib Service on Christmas Eve for the first lime, as well as Carols on the Green the previous week For all of this and more. we are truly thankful lo God, and also lo the many people who give so generously of their time and money and make all of this happen. Warfield Church is truly blessed by the commitment of many people. staff Vacancies, Appointments and Recruitment Chris Osinaike joined the staff team from 3rd January 2023 Morgan Pearcey had been a Ministry Assistant for a 'gap year, which finished in July 2023. From September he continued on the team as Business Administration Apprentice and began an apprenticeship through Straight A Training. Hèlen Durbin had provided PA services to the Vicar. but finished this work in March 2023 when she secured a different job. Average Sunday Attendance and Electoral Roll Warfield Church's Average Sunday Allendance figures for 2023 were as follows.. Adults Under 16s Sl Andrew's- 0830 Warfield Church North - Sl Michael's Warfield Church East- White rove Warfield Church West- Woodhursl Worshi TOTAL 15 76 43 95 39 268 16 25 49 ** 97 At the end of 2023 there were 546 people on the Electoral Roll. The table below gives Electoral Roll and Average Sunday attendance for the last five years.. Year Electoral roll as al APCM Avera e Sunda Allendance- adult Avera e Sunda Allendance- child 2019 476 317 125 2020a NIA 277 111 2020b 503 194 2021 503 200 41 2022 538 218 74 2023 542 249 95 Risk Management The PCC regularly reviews any major risks encountered by the church and takes appropriate action lo manage and minimise those risks in accordance with best practice.
Review of Financial Activities and Affairs 2023 In 2023, income increased compared with 2022, positively impacted by an increase in Servi offerings legacy donations and the value of investment5. Expenditure has remained relatively stable compared with 2022 although falling slightly. This has led to a surplus carried forward into 2024 01 £21,90112022.. delicil of £40,975). Income In 2023, Warfield Church's total income was £496,627 compared with £466.783 in 2022. a good increase. Unreslricled income from regular and one-off gifts decreased by Just over £5.500 10 £336,526 12022. £342,053). on which £80,753 gift aid was claimed12022.. £80.1921. Some generous one-off gifts were received. The significant increase in total income is due lo a number of factors. The largest contributors were legacies reIVed of £21,602 and a significant increase in service ofterings which lolalled £11,816. The increase in income could not have been predicted and will not necessaiily be repealed in future years. The impact of the reduction in regular giving was made known lo the congregations at various points during the year culminating in a Giving Sunday in October 2023, that resulted in some one-off gifts and pledges for the coming year. Expenditure Total expenditure was £508,184 compared lo £515,563 in 2022. Expenditure was lower on mission giving, parish share and a depreciats'on charge of £11,071 but staff costs and utility bills increased The nel gain on investments was £33.758 and included an increase In the value of the Portia Grove house of £10,000 and an increase in the value of our investments of £23,758 from our shares in the CCLA CBF investment fund. The result is a surplus of £21,901 for 2023. Reserves Our reserves amount lo £251.236 made up of £211.563 the value of the investment fund as al 3111212023, and £39,673 the unrestricted cash al bank. Reserves Policy The PCC seeks to relain al least two months, average expenditure in reserves. This currently amounts lo around £85.000. Net unreslricled funds lexcluding tangible fixed asselsl al 31 December 2023 amounted lo £234,00412022. £217,520} Significant expenditure is expected to be required on our kno church buildings as a result of the Quinquennial inspections. About £39,500 has been budgeted for this, lo be spent over the next year and, therefore, there are sufficient resetves to cover this and regular expenditure. Other creditors Warfield PCC holds money in its main account for Cameo Christian Fellowship1£112 as at 31 December 2023 and 31 December 20221. This is recorded on the balance sheet within Other CdItOrs. 10
Structure, Governance and Management The method of appointing PCC members, who are the trustees of the charity, is set out in the Church Representation Rules Al Warfield, the membership of the PCC Consists of the clergy licensed lo the parish, churchwardens, local lay ministers who wish lo be members and who are appointed at the APCM, and members elected by those members of our congregations who are on the electoral roll. Members of the diocesan and deanery synod on the electoral roll are ex officio members of the PCC. PCC members are given information about their reswnsibililies as Iruslees. Throughout 2023 the PCC sought to operate within the understanding drawn up and agreed in May 2019. that alongside ils slatulory purposes il"ov8rsees the lif8 of the churGh lo ensure we ar& focused on how to become a more ChTTsI-like church for the sake of God's world. We aim to prayerfully seek God's will. work well together. reflect our values and tak8 action for the futu The PCC members are responsible for making decisions on all matters of general Conrn and importance lo the parish including deciding how the funds of the PCC are to be spent. The lull PCC met 8 ts.mes during 2023. Warfjeld PCC does a lol of ils work through sub-commillees. The Standing Committee carries on any business required between meetings The HR conlmillee looks after all matters re5ating to paid staff employed by the PCC. Thè finance committee keeps an eye on all financial m211ers and prepares the budget and accounts each yeai. The fabric committee works hard to keep our buildings in good order and to follow appropriate processes for permission for works lo be carried out. The mission committee is responsible for the budget allocated lo mission partners and organisations outside the parish. There is also a staff remuneration committee and a committee was sel up in 2022 to look al how best lo use the St Andrew's building.
Statement of Responsibilities of Members of the PCC The Iruslees Imembers of the PCCI are responsible for preparing the PCC'S Annu81 Report and the financial slalemenls in accordance with applicable law and United Kingdom Aecounling Standards Iuniled Kingdom Generally Accepted Accounting Practicel. The law applicable to charities in England & Wales requires the trustees to prepare financial statements for each financial year which give a true and fair view of the slate of affairs of the charity and of the incoming resources and application of resour$ of the charity for thal period. In preparing these financial slalemenls, the trustees are required to.. seleel suitable accounting policies and thèn apply them consislenlly., observe the methods and principles in the Charities SORP", make judgements and estimates that are reasonable and prudent., slate whether applicable accounting standards have been followed. subject lo any material departures disclosed and explained in the financial slalemenls., prepare the financial slalemenls on the going concern basis unless il is inappropriate lo presume that the charity will continue in operation. The Iruslees are responsible for keeping proper accounting records that disclose with reasonable accuracy al any lime the financial position of the charity and enable them lo ensure that the financial statements comply with the Charities Act 2011, the Charity IAccounls and Reports) Regulations 2008 and the provisions of Church Accounting Regulations 2006 They are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps lor the prevention and detection of fraud and other irregularities. On behalf of Members of the PCC.. Rev Canon Catharine Mabuza, Vicar Date. 13 February 2024 12-
WARFIELD PAROCHIAL CHURCH COUNCIL Independent Examiner's Report to the Trustees of Warfield Parochial Church Council I report on the accounts of the church for the year ended 31 December 2023 which are sel out on pages 13 10 24. Rgspective Responsibilities ot Trustees and Examiner The church's Iruslees are responsible for the preparation of the accounts. The church's trustees consider that an audit is not required lor this year under section 144121 of the Charities Act 2011 Ilhe Charities Acll and that an independent examination is needed. 11 is rny responsibility to.. Examine the accounts lunder section 145 of the Charities Acll., To follow the procedures laid down in the General Directions given by the Charity Commissioners (under section 14515llbl of the Charities Acll.. and To slate whether particular matters have come lo my attention. Basis of Independent Examinerfs report My examination was carried out in accordance with the general Directions given by the Charity Commission. An examination includes a review of the accounting records kept by the charity and a comparison ol the accounts presented with those records.11 also includes consideration of any unusual items or disclosures in the accounts and seeking explanations from you as trustees concerning any such matters The procedures undertaken do not provide all the evidence that would be required in an audit and consequently no opinion is given as lo whether the accounts present a 'lrue and lair view, and the report is limited to those matters sel out in the statement below Independent examiner's statement Since the gross income for the year exceeds the amount provided in section 145131 of the Charities Act, I confirm that l am qualifièd to act as Independent Examiner under the provisions of that section of the Charities Act and that my qualification is as shown below. In connection with my examination. no matter has come to.my attention.. which gives me reasonable cause lo believe that in any material respect the requirements lo keep accounting records in accordance with section 130 of the Charities Act., and lo prepare accounts which accord with the accounting records and comply with the accounting requirements of the Act have not been met.. or to which, in my opinion. allenlion should be drawn in order lo enable a proper understanding of the accounts lo be oached. Kim Swain MA (Oxonl FCA Radford & Sergeant Limited Building 3 Walchmoor Park Camberley Surffty GU15 3YL 24 April 2024 13
WARFIELD PAROCHIAL CHURCH COUNCIL STATEMENT OF FINANCIAL ACTIVITIES For the year ending 31 December 2023 Unreslricled Restricted TOTAL TOTAL funds funds 2023 2022 Note INCOME Voluntary income Income from investments 21al 21b} 21cl 21dl 448,273 3,424 451,697 432,883 14,806 14,535 14,535 26,496 Church activities 26,496 19,094 other income TOTAL INCOME 42 EXPENDITURE Church activities 503 747 508.184 515 563 TOTAL EXPENDITURE 503 747 437 508 184 515 NET ILOSSIISURPLUS BEFORE INVESTMENT GAINS 110,8441 11,0131 111,8571 148,7801 NET GAINS ON INVESTMENTS 33 758 NET {LOSSIISURPLUS AND OVEMENTIN FUNDS 22,914 11,0131 21,901 140,975) TOTAL FUNDS BROUGHT FORWARD 740 128 772 836 813811 TOTAL FUNDS CARRIED FORWARD 14
WARFIELD PAROCHIAL CHURCH COUNCIL BALANCE SHEET AT 31 DECEMBER 2023 2023 2022 Notes FIXED ASSETS Tangible Investments 530,847 211 563 525.669 187805 742.410 713,474 CURRENT ASSETS Debtors and prepayments Cash al bank and in hand 25,537 15,764 65,209 73,253 LIABILITIES Creditors- amounts falling due within one year 10 128821 NET CURRENT ASSETS TOTAL NET ASSETS PARISH FUNDS Unrestricted 763,042 740,128 Reslricled 11 Approved by the PCC on 23 April 2024 and signed on ils behalf by". Re David Brown PCC Chair 15-
WARFIELD PAROCHIAL CHURCH COUNCIL NOTES TO THE FINANCIAL STATEMENTS For the year ended 31 December 2023 ACCOUNTING POLICIES Basis of preparation Warfield Parochial Church Council I"The PCC'I is a public benefit entity within the meaning of FRS102. The financial slalemenls 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 and the Charities SORP IFRS1021. Income recognition Open plate collections are recognised when reIved by or on behalf of the PCC. Planned giving under Gift Aid is recognised when received and the associated recoverable income lax is recognised when the income is recognised. All other donations and receipts for church activities a recognised when received. Income from investments is recognised when receivable. Expenditure reeognFtion Parish share is recorded when payable- any rebate is recorded when received. Al other expenditure, including mission giving, is recorded when paid. ASSETS 1.4.1 Consecrated and benefice property In so far as consecrated and benelice properly of any kind is excluded from the slalulory defi'nition of 'charity' by Seckn'on 1012llal and Icl of the Charities Act 2011, such assets are not capitalised In the financial slalements. 1.4.2 Moveable church furnishings Moveable church furnishings held by the Vicar and 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's inventory that Can be inspected lal any reasonable Iimel. For inalienable properly acquired prior lo 2000, such assets are not included in the accounts. Items acquired since 1 January 2000 have been capilalised al cost and depreciated over their useful economic life. All expenditure incurred on consecrated or benefieed buildings or on the repair of moveable church furnishings acquired before 1 January 2000 is written off as expenditure in the year. 1.4.3 Tangible flxed assets These are capilalised il they can be used for more than one year and cost at least £500. They are stated al cost. Depreciation is calculated to write off the capilalized cost of fixed assets less their currently anticipated residual fair value over their estimated useful lives as follows.. 16
WARFIELD PAROCHIAL CHURCH COUNCIL NOTES TO THE FINANCIAL STATEMENTS For the year ended 31 December 2023 Iconlinuedl Freehold Land.. Nil Improvements lo freehold land.. 10 years Fixtures & Fillings.. 10 years Equiprnent. 10 years and 4 years An impairment review is carried out al each year-end and any resullanl loss identified included in expenditure for the year. 1.4.4 Investments Investment in freehold residential property is valued by the PCC al a market value informally eslimaled by local eslale agents. Investments in CBF shares are slated al market value as notified by the fund. Realised gains and losses are recognised when investments are sold. Unrealised gains al the balan sheet date are accounted for by staling at market value. Both realised and unrealised gains are Included in the Statement of Financial Activities. 1.4.5 Stock No account has been taken of any stocks of books, magazines or other materials held al the balance sheet date and all expenditure is wr411en off as Incurred. 1.4.6 Penslons The PCC operates a defined contribution pension scheme. Contributions are charged in the accounts as they become payable in accordance with the rules of the scheme. FUNDS 1.5.1 Unrestrlcted Funds These represent the remaining income funds of the PCC that are available for spending on the general purposes of the PCC, including amounts designated by the PCC for fixed assets for ils own use or for spending on 2 future project. 1.5.2 Restrictgd Funds These are income funds that musl be spent on restricted purposes and details of the funds held and restrictions provided are shown in the notes lo the accounts. 17
WARFIELD PAROCHIAL CHURCH COUNCIL NOTES TO THE FINANCIAL STATEMENTS For the year ended 31 December 2023 Iconlinuedl INCOME Unreslricled Reslricled TOTAL TOTAL funds funds 2023 2022 21al Voluntary income Planned giving.. Gift Aid donations Tax recoverable 307,796 80,403 26,656 21,602 11,816 1,700 309,496 312,425 80.753 80,192 350 Other 374 27.030 21,602 29,628 Legacies Collections.. lopen platel Grants 11,816 6,552 4086 44 2{bl Income from investments Rent recewed 14,400 135 14,400 1.35 14,400 406 Bank interest 14 14 21cl Income from church activities Fees for occasional services 11,014 11,258 11.014 8.763 8.032 Under 30s 11,258 130 Church and Parish Room lellings Parish-wide events 130 50 2,483 2.483 1,458 Other 791 21dl Other income Profit on disposal of fixed assets 3599 18
WARFIELD PAROCHIAL CHURCH COUNCIL NOTES TO THE FINANCIAL STATEMENTS For the year ended 31 December 2023 Icontinuedl EXPENDITURE Unreslricled Reslricled TOTAL TOTAL funds funds 2023 2022 Notes Church activities Missionary and charitable giving Diocesan parish share Staff employment costs Sl Michael'slst Andrew'slParish Rooms ulililies 47,622 169,400 158,483 27,374 47,622 49,517 169,400 181,797 158,483 136,472 27,374 20,304 18,437 Congregational costs Training Clergy expenses Hardship Fund Messy Lunch Autumn Club 14,017 892 14,017 892 2,806 6,360 1,848 870 3.210 3.210 1,498 365 1,498 365 217 432 649 445 Under 30s 11,120 11,120 10,946 6.402 3,000 2,535 8.496 Parish-wide events 10,946 7,312 5,494 Occasional service fees paid lo Diocese Independent examiner's fees CCLI licences 6,402 3,000 2,880 4,119 26,640 16,152 8,299 2.535 Oftice and administration 14,401 15,596 8,603 9929 14,401 16,596 8,603 Propety maintenance Insurance 1,000 Oeprecialion 19-
WARFIELD PAROCHIAL CHURCH COUNCIL NOTES TO THE FINANCIAL STATEMENTS For the year ended 31 December 2023 Iconlinuedl MISSIONARY AND CHARITABLE GIVING Grants are given to various individuals working for churches or Christian charities, for their persona5 support, or to the church or charity itself, for ils work and charitable activities. Unrestricted Reslricled TOTAL TOTAL funds funds 2023 2022 Milan & Shusma Adhikari Nepal Clemisolls IYWAM} Deanery Schools Chaplain Krasif Aid 6.883 6,883 6,300 6.000 6,300 5,500 6,300 6,000 5,600 5,500 5,415 4.100 5,415 Domingo's 2 The Nations 4,100 4,000 4,000 7,000 st Peter's Life Line Kenya Hands On Houses Ilndial Joel & Fiona Kelling ICMSI Tazmin Foster. YWAM Laurence & Jane Knoop, OM Debs Fenton (Metro Church) Compassion Aanandit Charity Centre Christians Against Povety ICAPI Sl Peter's Life Line child sponsorship Rabiah Aalam ICMSI 3,615 4,205 4.205 2,800 2.800 2,500 1,600 1,200 2,800 2,500 1,300 2,500 1,600 1,200 1,200 1,083 900 1,200 1,200 972 1,200 1,083 9QO 1,440 500 315 315 211 211 2500 20-
WARFIELD PAROCHIAL CHURCH COUNCIL NOTES TO THE FINANCIAL STATEMENTS For the year ended 31 December 2023 Iconlinuedl STAFF Employment costs Unreslricled Restricted TOTAL TOTAL funds funds 2023 2022 Wages and salaries Employer's Nl Pension contributions 140,534 140.534 120,617 6.805 7.177 7,884 8,771 7,884 8.771 Expense claims 4 1873 47 Numbers of employees The average monthly number of employees lincluding temporary staff) during the year was.. 2023 2022 Administration 0.65 0.60 Operalionslmanagement Youth and Children 0.95 1.00 2.00 1.30 Minister (directly employed) Apprentice 1.00 1.00 0.80 0.00 .00 MEMBERS OF THE PCC 2 employees were members of the PCC and received remuneration as employees until April 2022., thereafter 1 employee. No member of the PCC lor any persons connected with them) received any remunèration or benefits during the year in respect of their membership of the PCC. 21
WARFIELD PAROCHIAL CHURCH COUNCIL NOTES TO THE FINANCIAL STATEMENTS For the year ended 31 December 2023 Iconlinuedl Tangible fixgd assets Fixtures, Investment Fillings and Property equipment Land and Buildings Total Cost or valuation Al 1 January 2023 Additions 31,390 485,000 10.000 271,979 788,369 6.249 16,249 Dispos815 Al 31 December 2023 4950 276 Depreciation Al 1 January 2023 Charge for the year INritten back on disposals Al 31 December 2023 15,025 2.505 247,675 262,700 8.566 11,071 aSL41 271 Nel book value At 31 December 2023 Al 31 December 2022 Investment Property 2 Portia Grove. Warfield Market value At 31 December 2023 £495.000 £485.000 At 31 December 2022 Al 31 December 2021 £465,000 Market value is determined by the PCC with informal assistance from local eslale agents. 22-
WARFIELD PAROCHIAL CHURCH COUNCIL NOTES TO THE FINANCIAL STATEMENTS For the year ended 31 December 2023 Icontinuedl Investments CBF Investment Fund Accumulation Shares Number Cost Valuation At 1 January 2023 Unrealised profil on valuation At 31 December 2023 3.542.95 199,112 187,805 19 Debtots 2023 2022 Income tax recoverable 22,854 12,612 1,688 Debtors 1,688 995 Prepayments and accrued income 25 10. Creditors: amounts falling due within one year 2023 2022 Accruals 10,507 12,327 Other creditors 12 -23-
WARFIELD PAROCHIAL CHURCH COUNCIL NOTES TO THE FINANCIAL STATEMENTS For the year ended 31 December 2023 Iconlinuedl 11. Restricted funds The income funds of the charity include reslricled funds Comprising the following donations and grants held on trust for specific purposes as listed below.. Balance al 1 Balance al 31 January 2023 Income Expenditure December 2023 Sl Andrew's 743 743 Sl Andrew's Development Hardship fund Churchyard Sl Michaels's organ AV Furniss legacy St Andrew's lectern 14,374 12,508 55 14,319 2,050 1,498 1,000 13.060 1,000 298 119 179 700 100 600 875 125 750 Autumn Club 58 374 432 Messy lunch 365 12. Analysis of net assets between funds Unrestricted Restred funds funds Total Fund balances al 31 December 2023 are represented by". Tangible fixed assets Investments 528.988 1.859 530,847 211,563 211.563 35,373 129321 Current assets 29,836 65,209 12 9321 794 687 Creditors.. amounts falling due within one year 695 -24-
WARFIELD PAROCHIAL CHURCH COUNCIL NOTES TO THE FINANCIAL STATEMENTS For the year ended 31 December 2023 Icontinuedl 13. Financial Commitments The PCC has passed a budget for 2024 with a delicil of £9,000. This is a significant improvement from the 2023 budget due lo a reduced Parish Share cost agreed with the Diocese which reflects a reduction in ministerial staff and there are also additional staff cost reductions. We have predicted a reduction in regular annual giving compared with 2023 and there is significant uncertainly about the level of giving through 2024. There will be a giving initiative during the second hall of the year and applications will be made for grants lo support church building projects. The budget includes a commitment lo give £42,550 to mission organisalions and £6,000 towards the Bracknell deanery School chaplain's post. At the dale that these accounts were approved £37,000 of the money lo mission organisations has been commilled and thè recipients informed. The PCC has agreed lo spend £39,500 on capital and on&off projects over the next year and has pledged lo give a further £6.000 in 2025 towards the Bracknell deanery school chaplain's post. 25-