**St John the Evangelist, Woodley St John's Church Airfield Church (LEP)**
**Financial Statements of the Parochial Church Council**
**for the year ended 31 December 2023**
## **PAROCHIAL CHURCH COUNCIL OF ST JOHN THE EVANGELIST, WOODLEY**
## **2023 Accounts Summary**
## **Introduction**
The Church Accounting Regulations require that the annual report of the Parochial Church Council (PCC) should include a section on the financial activities of the PCC, including the ways in which the activities of the parish, as described in the annual report of the PCC, have been funded. An assessment should also be given of the way in which the activities of the parish will continue to be funded and any perceived financial risks to the continuation of the parish ministry.
This report describes the financial situation of the Parish of St. John the Evangelist for the year ended 31st December 2023.
The PCC is registered as a charity with the Charity Commission with registration number 1129449.
## **Results Headlines**
## **Total Incoming Resources and Resources Used**
The consolidated accounts across all funds for 2023, excluding other recognised gains, show a total income of £158,141 with expenditure of £162,425, giving a deficit of (£4,284).
The comparable figures for 2022 are an income of £127,632 and an expenditure of £176,290, giving a deficit of (£48,658).
## **Parish General Fund**
The Parish General Fund comprises Unrestricted Funds that can be used by the PCC for ordinary purposes. In the year 2023 there was a deficit of income over expenditure of (£4,900) after transfers, from an income of £136,658 and an expenditure of £139,639, and including net transfers to Restricted Funds of (£1,919).
The comparable figures for 2022 are an income of £122,592 and expenditure of £136,308, giving a surplus (after net transfers) of (£2,980).
## **Restricted Funds**
The income into the Restricted Fund in 2023 was £21,483 and the expenditure was £22,786 resulting in surplus of £616 including net transfers from the General Fund of £1,919.
The comparable figures for 2022 are an income of £5,040 and an expenditure of £39,982, giving a deficit (after net transfers) of (£19,705).
## **Total Parish Assets**
Southlake Crescent and Caldbeck Drive have been revalued this year and, while Caldbeck Drive valuation was the same, Southalke Crescent's valuation was £25,000 lower.
The combined total assets of the parish have reduced to £1,059,097 at the end of 2023 compared with £1,082,625 at the end of 2022, a decrease of (£23,528).
1
## **PAROCHIAL CHURCH COUNCIL OF ST JOHN THE EVANGELIST, WOODLEY**
## **Independent Examiner's report to the Parochial Church Council of St John the Evangelist, Woodley**
This report on the financial statements of the Parochial Church Council for the year ended 31 December 2023 is in respect of an examination carried out in accordance with the Church Accounting Regulations 2006 (the Regulations) and section 145 of the Charities Act 2011 (the Act).
## **Respective responsibilities of the Parochial Church Council and the examiner**
As members of the Parochial Church Council you are responsible for the preparation of the financial statements, you consider that the audit requirement of the Regulations and section 144(2) of the Act does not apply. It is my responsibility to issue this report on those financial statements in accordance with the terms of the Regulations.
## **Basis of this report**
My examination was carried out in accordance with the General Directions given by the Charity Commission under section 145(5)(b) of the Act and to be found in the Church guidance, 2011 edition. That examination includes a review of the accounting records kept by the PCC and a comparison of the accounts with those records. It also includes considering any unusual items of disclosure in the financial statements 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 I do not express an audit opinion on the view given by the accounts.
## **Independent examiner's statement**
In connection with my examination, no matter has come to my attention
- 1 which gives me reasonable cause to believe that in any material respect the requirements
to keep accounting records in accordance with section 130 of the Act; and
to prepare financial statements which accord with the accounting records and comply with the requirements of the Act and the Regulations have not been met; or
2 to which, in my opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached.
Erica Tipton Two Hoots Bucklebury Village Berkshire RG7 6PS
2
## **PAROCHIAL CHURCH COUNCIL OF ST JOHN THE EVANGELIST, WOODLEY**
## **Statement of Comprehensive Income For the year ended 31 December 2023**
|**Note**
**Incoming Resources**
Incoming resources from donors
2
Other voluntary incoming resources
2
Income from investments
2
Charitable and ancillary trading
2
Legacies/ grants
2
**Total incoming resources**
**Resources used**
Grants
3
Activities directly related to church work
3
Church management and administration
3
**Total resources used**
**Net outgoing/ incoming before transfer**
Gross transfers between funds -in
6
**Net outgoing/incoming before gains**
**Other recognised gains/(losses)**
8
**Net movement in funds**
**Reconciliation of funds**
Total funds brought forward
Net movement for year
Total funds carried forward|**Unrestricted**
**funds**
**Restricted**
**funds**
**Endowment**
**funds**
**Total funds**
**Prior year**
**total funds**
**£**
**£**
**£**
**£**
**£**
53,491
3,667
0
57,158
65,458
14,409
5,266
0
19,675
13,050
41,452
2,540
0
43,992
32,325
20,903
10
0
20,913
16,799
6,403
10,000
0
16,403
0|
|---|---|
||136,658
21,483
0
158,141
127,632
4,865
0
0
4,865
5,812
114,861
22,786
0
137,647
152,675
19,913
0
0
19,913
17,803|
||139,639
22,786
0
162,425
176,290
-2,981
-1,303
0
-4,284
-48,658
-1,919
1,919
0
0
0|
||-4,900
616
0
-4,284
-48,658
-25,000
0
5,756
-19,244
-8,164|
||-29,900
616
5,756
-23,528
-56,822|
||**979,878**
**41,557**
**61,190** 1,082,625
1,139,447
-29,900
616
5,756
-23,528
-56,822|
||949,978
42,173
66,946 1,059,097
1,082,625|
3
## **PAROCHIAL CHURCH COUNCIL OF ST JOHN THE EVANGELIST, WOODLEY Statement of Financial Position At 31 December 2023**
|Notes
**Fixed Assets**
Tangible Assets
7
Investments
8
**Current Assets**
Debtors
9
Investments
10
Cash at bank and in hand
11
**Current Liabilities**
Sundry creditors
12
**Net current assets less current liabilities**
**Total assets less current liabilities**
**Total net assets less liabilities**
**Represented by**
**Unrestricted Fund**
14/15
**Restricted Funds**
16
**Endowment Funds**
8
**Funds of the Church**|**2023**
**2022**
**£**
**£**
875,000
900,000
66,946
61,190
941,946
961,190
10,538
12,292
70,439
80,439
40,083
31,143
121,060
123,874
3,909
2,439
117,151
121,435
1,059,097
1,082,625
1,059,097
1,082,625
949,978
979,878
42,173
41,557
66,946
61,190
1,059,097
1,082,625|**2022**
**£**
900,000
61,190|
|---|---|---|
||||
|||1,082,625|
|||1,082,625|
|||979,878
41,557
61,190|
|||1,082,625|
Approved by the Parochial Church Council on 26th March and signed on its behalf by
(Chair)
(Church Warden)
4
## **PAROCHIAL CHURCH COUNCIL OF ST JOHN THE EVANGELIST, WOODLEY**
## **Statement of cash flows**
## **For the year ended 31 December 2023**
|**Cash flows from operating activities**
Net cash provided by operating activities
**Cash flows from investing activities**
Dividends
Interest
Rent received
Expenditure on investment properties
Net cash provided by investing activities
Change in cash and cash equivalents
in the reporting period
Cash and cash equivalents at the beginning
of the reporting period
Cash and cash equivalents at the end of the
reporting period|**2023**
**£**
-30,714
1,830
2,958
39,204
-14,338
29,654
-1,060
111,582
110,522|**2022**
**£**
-46,614
1,820
574
29,931
-27,018|
|---|---|---|
|||5,307|
|||-41,307
152,889|
|||111,582|
## **Reconciliation of net income/(expenditure) to net cash flow from operating activities**
|Adjustments for
Gains on investments
Dividends
Interest received
Rents from investment properties
Expenditure on investment properties
(Increase)/Decrease in debtors
(Increase)/decrease in creditors
**Net cash provided by operating activities**
Bank deposit account
**Total cash and cash equivalents**
Net expenditure/income for the reporting period (as
per the statement of comprehensive income)|**£**
-23,528
19,244
-1,830
-2,958
-39,204
14,338
1,754
1,470
-30,714
115
39,968
70,439
110,522|**£**
-56,822
8,164
-1,820
-574
-29,931
27,018
10,021
-2,670|
|---|---|---|
|||-46,614|
|||115
31,028
80,439|
|||111,582|
5
**PAROCHIAL CHURCH COUNCIL OF ST JOHN THE EVANGELIST, WOODLEY**
## **Notes to the 2023 financial statements**
## **1 Accounting policies**
## **Basis of financial statements**
The financial statements have been prepared in accordance with the Church Accounting Regulations 2006 together with applicable accounting standards and the FRS102 SORP
The financial statements have been prepared under the historical cost convention except for the valuation of investment assets, which are shown at market value. The financial statements include all transactions, assets and liabilities for which the PCC is responsible in law. They do not include accounts of church groups that owe there main affiliation to another body, nor those that are informal gatherings of church members.
## **Fund accounting**
**Endowment funds** are funds, the capital of which must be maintained; only income arising from investments of the endowment may be used either as restricted or unrestricted funds depending upon the purpose for which the endowment was established.
**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 the year must be carried forward as a balance on that fund. The PCC does not usually invest separately for each fund. Where there is no separate investment, interest is apportioned to individual funds on an average balance basis.
**Unrestricted funds** are general funds which can be used by the PCC ordinary purpose.
**Designated funds** are general funds set aside by the PCC for use in the future. Project funds are designated for particular projects for administration purposes only. Designated funds remain unrestricted and the PCC will move any surplus to other general funds.
## **Airfield Church**
Because of the ecumenical nature of the Airfield Church the PCC does not have sole legal responsibility for it. Therefore it is not deemed appropriate to incorporate the Statement of Comprehensive Income and Statement of Financial Position of the Airfield Church into the main statements of the PCC. These are therefore shown separately in the notes.
The Airfield Church ceased to operate during 2023, therefore these Accounts will be the last ones to included financial details of the Airfiled Church.
## **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 entitled to the amounts due. Dividends are accounted for when receivable, interest is accrued. All other income is recognised when it is receivable. All incoming resources are accounted for gross.
6
**PAROCHIAL CHURCH COUNCIL OF ST JOHN THE EVANGELIST, WOODLEY Notes to the 2023 financial statements**
## **1 Accounting policies continued**
## **Resources expended**
Grants and donations are accounted for when paid over or when awarded. If that award creates a binding or constructive obligation on the PCC. The diocesan parish share is accounted for when due. Amounts received specifically for mission are dealt with as restricted funds. All other expenditure is generally recognised when it is incurred and is accounted for gross.
## **Fixed assets**
Consecrated and benefice property is not included in the accounts in accordance with section 10(2)a and (c) of the Charities Act 2011.
Moveable church furnishings held by the Vicar and churchwardens on specific trust for the PCC and which require a faculty for disposal are inalienable property, listed in the church's inventory, which can be inspected (at any reasonable time). 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 had cost more than £1,000 so all such expenditure has been written off when incurred.
Equipment used within the church premises is depreciated on a straight line basis over four years. Individual items of equipment costing less than £3,000 are written off when the asset is acquired.
Investments are valued at market value at 31 December.
## **Pensions**
A defined contribution pension scheme is operated (Pension Builder 2014), contributions are charged to the statement of comprehensive income as they become payable.
7
**PAROCHIAL CHURCH COUNCIL OF ST JOHN THE EVANGELIST, WOODLEY Notes to the 2023 financial statements**
## **1 Accounting policies continued**
## **Church Workers Pension Fund (CWPF) Draft FRS102 Wording - December 2023 Year End**
St John the Evangelist participates in the Pension Builder Scheme section of CWPF for lay staff. CWPF is administered by the Church of England Pensions Board, which holds the CWPF assets separately from those of the Employer and other participating employers.
CWPF has two sections:
the Defined Benefits Scheme
the Pension Builder Scheme, which has two subsections;
a deferred annuity section known as Pension Builder Classic, and,
a cash balance section known as Pension Builder 2014.
## **Pension Builder Scheme**
Both sections of the Pension Builder Scheme are classed as defined benefit schemes.
_**Pension Builder Classic**_ provides a pension, accumulated from contributions paid and converted into a deferred annuity during employment based on terms set and reviewed by the Church of England Pensions Board from time to time. Discretionary increases may also be added, depending on investment returns and other factors.
_**Pension Builder 2014**_ is a cash balance scheme that provides a lump sum which members use to provide benefits at retirement. Pension contributions are recorded in an account for each member. Discretionary bonuses may be added before retirement, depending on investment returns and other factors. The account, plus any bonuses declared is payable, unreduced, from age 65.
There is no sub-division of assets between employers in each section of the Pension Builder Scheme.
The scheme is considered to be a multi-employer scheme as described in Section 28 of FRS 102. This is because it is not possible to attribute the Pension Builder Scheme’s assets and liabilities to specific employers and means that contributions are accounted for as if the Scheme were a defined contribution scheme. The pensions costs charged to the SoFA in the year are the contributions payable (2023: £829, 2022: £643).
A valuation of the Pension Builder Scheme is carried out once every three years. The most recent valuation was carried out as at 31 December 2019.
For the Pension Builder 2014 section, the 2019 valuation revealed a surplus of £5.5m on the ongoing assumptions used. There is no requirement for deficit payments at the current time.
The next valuation is due as at 31 December 2022. Calculations for this are currently under way.
The legal structure of the scheme is such that if another employer fails, St John the Evangelist could become responsible for paying a share of the failed employer’s pension liabilities.
8
## **PAROCHIAL CHURCH COUNCIL OF ST JOHN THE EVANGELIST, WOODLEY Notes to the 2023 Financial Statements**
## **2 Incoming resources**
|**Incoming resources from donors**
Planned giving SO- Gift aid
Planned giving env -Gift Aid
Parish giving scheme
GAYE/CAF
Stripe
Planned giving SO - non Gift aid
Planned Giving env - non Gift Aid
One off Gift Aid gifts
One off non Gift Aid gifts
Plate
Sundry donations
**Other voluntary incoming resources**
Appeals - Gift Aid
Appeals - non Gift Aid
Plate 150th Aniversary
Warm Space Fund
Community Crisis Fund
Clergy Fund
Tax recovered on Gift Aid
**Income from investments**
Interest
Dividends
Rent - Caldbeck Drive
Rent - Southlake Crescent
**Income from charitable and ancillary**
Fees - baptism
Fees - wedding
Fees - funeral
Hall lettings
Flower fund
Toddler group
Contact Centre
Fund Raising
**Income from non charitable trading**
Legacies
Grant
**Total Incoming Resources**|**2022**
**Unrestricted**
**funds**
**Restricted**
**funds**
**Endowment**
**funds**
**Total funds**
**Total**
**Funds**
**£**
**£**
**£**
**£**
**£**
9,180
0
0
9,180
10,144
0
0
0
0
1,830
25,234
0
0
25,234
29,878
2,731
0
0
2,731
2,875
0
0
0
0
165
1,737
0
0
1,737
2,010
0
0
0
0
848
7,585
1,667
0
9,252
9,650
2,269
2,000
0
4,269
2,622
3,397
0
0
3,397
3,067
1,358
0
0
1,358
2,369
**2023**|
|---|---|
||53,491
3,667
0
57,158
65,458
0
0
0
0
0
100
0
0
100
431
1,362
0
0
1,362
0
1,234
0
0
1,234
0
0
1,389
0
1,389
0
0
2,627
0
2,627
0
11,713
1,250
0
12,963
12,619|
||14,409
5,266
0
19,675
13,050
2,248
710
0
2,958
574
0
1,830
0
1,830
1,820
21,504
0
0
21,504
18,107
17,700
0
0
17,700
11,824|
||41,452
2,540
0
43,992
32,325
**trading**
90
0
0
90
0
589
0
0
589
871
4,974
0
0
4,974
966
14,916
0
0
14,916
13,967
0
10
0
10
550
300
0
0
300
215
0
0
0
0
230
34
0
0
34
0|
||20,903
10
0
20,913
16,799
5,000
10,000
0
15,000
0
1,403
0
0
1,403
0|
||6,403
10,000
0
16,403
0|
||136,658
21,483
0
158,141
127,632|
9
## **PAROCHIAL CHURCH COUNCIL OF ST JOHN THE EVANGELIST, WOODLEY**
## **Notes to the 2023 Financial Statements**
## **3 Resources used**
|**Grants**
Overseas mission
Home missions
Secular charities
**Activities directly related to church work**
Parish share
Vicar's working expenses
Vicar's discretion
Visiting clergy/speakers
Outreach
Youth group
Parish training
Church maintenance
Church cleaning
Church insurance
Upkeep of services
Upkeep of churchyard
Church heat, light, water
Hall maintenance
Hall cleaning
Hall insurance
Hall heat, light, water
Flowers, Ladies, Contact
8 Caldbeck Drive
49 Southlake Crescent
Audio visual
Church roof
Community Crisis payments
Clergy payments
Fund Raising
150th Aniversary expenses
**Church management and administration**
Office supplies and sundry expenditure
Telephone and broadband
Computer and software
Governance costs
Salaries
Bank charges
**Total outgoing resources**|**2022**
**Unrestricted**
**funds**
**Restricted**
**funds**
**Endowment**
**funds**
**Total funds Total funds**
**£**
**£**
**£**
**£**
**£**
4,680
0
0
4,680
5,080
134
0
0
134
120
51
0
0
51
612
**2023**|
|---|---|
||4,865
0
0
4,865
5,812
58,803
0
0
58,803
60,629
529
0
0
529
801
0
0
0
0
50
4,897
0
0
4,897
2,448
0
0
0
0
30
0
14,250
0
14,250
14,622
0
0
0
0
175
3,728
0
0
3,728
3,209
1,535
0
0
1,535
809
4,008
0
0
4,008
3,761
1,215
0
0
1,215
1,369
2,558
0
0
2,558
1,296
11,011
0
0
11,011
3,695
1,694
0
0
1,694
21,686
1,827
0
0
1,827
39
2,564
0
0
2,564
2,405
4,851
0
0
4,851
3,293
0
31
0
31
23
9,965
0
0
9,965
15,148
4,373
0
0
4,373
11,870
0
0
0
0
5,317
0
4,060
0
4,060
0
1,150
0
1,150
0
3,295
0
3,295
0
135
0
0
135
0
1,168
0
0
1,168
0|
||114,861
22,786
0
137,647
152,675
1,663
0
0
1,663
1,792
1,452
0
0
1,452
1,090
1,766
0
0
1,766
1,200
640
0
0
640
730
14,242
0
0
14,242
12,687
150
0
0
150
304|
||19,913
0
0
19,913
17,803|
||139,639
22,786
0
162,425
176,290|
The parish share payable by St Johns Church for 2023 was £60,395 (2022 £62,518). This was reduced by a rebate of £1,592 and a contingency return of £0 for 2023 (2021 the rebate was £1,889 and the contingency return was £0), resulting in a net share per accounts of £58,803 (2022 £60,629)
10
## **PAROCHIAL CHURCH COUNCIL OF ST JOHN THE EVANGELIST, WOODLEY Notes to the 2023 financial statements**
## **4 Staff Costs**
|**Staff Costs**|||
|---|---|---|
|Administrator
Youth Worker
Pension contributions
Church cleaner|**2023**
**£**
13,920
12,480
829
27,229|**2022**
**£**
12,054
12,480
643
809|
|||25,986|
During the year the PCC employed a part-time family/youth worker and two part-time administrators and a cleaner for St Johns Church and Centre. The staff costs above are included under salaries while that of the cleaner which is included under hall and church cleaning costs.
Members of the PCC received reimbursement of expenses incurred on behalf of the Church. No member received reimbursements totalling more than £1,000 apart from the Treasurer who was reimbursements totalled £1,117 during 2023. There were no other discloseable transactions in respect of PCC members , closely connected with them or other related parties.
## **5 Independent examiner's remuneration**
The independent examiner has waived her fees for the examination of these financial statements.
## **6 Transfer between funds**
|Mission
Dais Fund
Reorder Fund
Ladies Group
Pamela Francis Ingram
Audio Visual
Warm Hub
Youth Fund
Clergy Fund
Roof Fund
Palmer Endowment
Trebble Endowment|**Restricted**
**funds**
**Restricted**
**funds**
**General**
**Designated**
**General**
**Designated**
**£**
**£**
**£**
**£**
**£**
**£**
-6,172
6,172
0
-7,003
7,303
-300
192
0
-192
5,073
0
-5,073
-192
192
-5,073
0
5,073
0
0
0
291
0
-291
0
0
0
-7,077
0
7,077
0
0
0
1,686
0
-1,686
312
0
-312
0
0
0
-9,333
0
9,333
0
0
0
-668
0
668
0
0
0
5,940
0
-5,940
0
0
0
505
0
-505
503
0
-503
1,325
0
-1,325
1,317
0
-1,317
**Unrestricted funds**
**2023**
**2022**
**Unrestricted funds**|
|---|---|
||-8,091
6,172
1,919
-10,283
7,303
2,980|
11
## **PAROCHIAL CHURCH COUNCIL OF ST JOHN THE EVANGELIST, WOODLEY Notes to the 2023 financial statements**
- **7** Fixed assets - tangible assets
|Revalued cost
at 1 January 2022
Revaluation
Disposals
At 31 December 2023
Depreciation
At 1 January 2022
Provision for year
on disposals
At 31 December 2023
Net book value
At 31 December 2023
At 31 December 2022|Freehold
land &
buildings
Plant &
machinery
Fixture
fittings &
equipment
Total
900,000
0
0
900,000
-25,000
0
0
-25,000
0
0
0
0|
|---|---|
||875,000
0
0
875,000|
||0
0
0
0
0
0
0
0
0
0
0
0|
||0
0
0
0|
||875,000
0
0
875,000|
||900,000
0
0
900,000|
Fixture, fittings and equipment includes items gifted to the PCC at their estimated value at the date of the gift.
All assets, except land and buildings, purchased prior to 1993 have been deemed to have no current value and have not, therefore been included within tangible fixed assets.
In order to conform with FRS102 SORP the freehold land and buildings have been subjected to an intrim revaluation. The Church has not been included (in accordance with The Charities Act 2011 Section 10(2) subsection(c) as it is a consecrated building and the Church Centre has not been included because of its age and lack of ownership. The houses have been valued this year by the local managing agent resulting in 49 Southlake Cresent being downvalued by £25,000
|8 Caldbeck Drive
49 Southlake Crescent
St Johns Church Centre
St Johns Church|**Current**
**Value**
**£**
450,000
425,000
875,000|**Insurance**
**Value**
**£**
295,271
304,863
2,960,000
11,820,000|
|---|---|---|
|||15,380,134|
12
## **PAROCHIAL CHURCH COUNCIL OF ST JOHN THE EVANGELIST, WOODLEY Notes to the 2023 financial statements**
## **8 Fixed assets- investments**
The investment assets of the Parochial church Council consist of two endowments invested in income shares in the CBF Church of England Investment Fund. The capital is perpetual, which means it cannot be spent
|Number
of shares
Opening
capital
(perpetual)
Previous
years
unrealised
Gains
Value at
01/01/2023
Unrealised
Gain
Current Year
Value at
31/12/2023(p
erpetual)
Palmer Charity
818
669
16,232
16,901
1,590
18,491
Trebble Bequest
2,143
22,719
21,570
44,289
4,166
48,455
23,388
37,802
61,190
5,756
66,946
**9**
**Current assets - Debtors**
**2023**
**2022**
**£**
**£**
Income tax recoverable
6,989
7,040
Other
3,549
5,252
10,538
12,292
**10 Current assets - investments**
**2023**
**2022**
**£**
**£**
CBF C of E Deposit Fund
70,439
80,439|Number
of shares
Opening
capital
(perpetual)
Previous
years
unrealised
Gains
Value at
01/01/2023
Unrealised
Gain
Current Year
Value at
31/12/2023(p
erpetual)
Palmer Charity
818
669
16,232
16,901
1,590
18,491
Trebble Bequest
2,143
22,719
21,570
44,289
4,166
48,455
23,388
37,802
61,190
5,756
66,946
**9**
**Current assets - Debtors**
**2023**
**2022**
**£**
**£**
Income tax recoverable
6,989
7,040
Other
3,549
5,252
10,538
12,292
**10 Current assets - investments**
**2023**
**2022**
**£**
**£**
CBF C of E Deposit Fund
70,439
80,439|Number
of shares
Opening
capital
(perpetual)
Previous
years
unrealised
Gains
Value at
01/01/2023
Unrealised
Gain
Current Year
Value at
31/12/2023(p
erpetual)
Palmer Charity
818
669
16,232
16,901
1,590
18,491
Trebble Bequest
2,143
22,719
21,570
44,289
4,166
48,455
23,388
37,802
61,190
5,756
66,946
**9**
**Current assets - Debtors**
**2023**
**2022**
**£**
**£**
Income tax recoverable
6,989
7,040
Other
3,549
5,252
10,538
12,292
**10 Current assets - investments**
**2023**
**2022**
**£**
**£**
CBF C of E Deposit Fund
70,439
80,439|Number
of shares
Opening
capital
(perpetual)
Previous
years
unrealised
Gains
Value at
01/01/2023
Unrealised
Gain
Current Year
Value at
31/12/2023(p
erpetual)
Palmer Charity
818
669
16,232
16,901
1,590
18,491
Trebble Bequest
2,143
22,719
21,570
44,289
4,166
48,455
23,388
37,802
61,190
5,756
66,946
**9**
**Current assets - Debtors**
**2023**
**2022**
**£**
**£**
Income tax recoverable
6,989
7,040
Other
3,549
5,252
10,538
12,292
**10 Current assets - investments**
**2023**
**2022**
**£**
**£**
CBF C of E Deposit Fund
70,439
80,439|
|---|---|---|---|
||23,388
37,802
61,190
5,756
66,946|||
|||**2023**
**£**
6,989
3,549
10,538
**2023**
**£**
70,439|**2022**
**£**
7,040
5,252
12,292
**2022**
**£**
80,439|
The Central Board of Finance (CBF) Church of England Deposit Fund has earned an interest rate of between 5.25% (January 2023) and 5.25% (December) through 2023.
The interest has been held in the General Fund in the appropriate Restricted and Designated Funds and has been allocated on a pro rata basis. The Funds held throughout 2023 are:
|Church Centre
Dais Fund (merged with Reorder Fund)
Legacies|**£**
5,000
5,000
60,439|
|---|---|
||70,439|
13
## **PAROCHIAL CHURCH COUNCIL OF ST JOHN THE EVANGELIST, WOODLEY Notes to the 2023 financial statements**
## **11 Current Assets - Cash**
|**Cash at bank and in hand**
**St Johns**
CAF Bank Account
NatWest
Cash in Hand
Youth club cash in hand
Total Cash at bank and in hand|**2023**
**£**
39,968
0
65
50
40,083|**2022**
**£**
30,454
574
65
50|
|---|---|---|
|||31,143|
## **12 Liabilites: amounts falling due within one year**
|Agency collections
Deferred Income
Other creditors|**2023**
**£**
0
3,333
576
3,909|**2022**
**£**
0
0
2,439|
|---|---|---|
|||2,439|
## **13 Analysis of net assets by fund 2023**
|Fixed Asset Property
Fixed Assets Investment
Debtors
Deposit Account
Cash at Bank and in Hand
Sundry Creditors|**Unrestricted**
**funds**
**Designated**
**funds**
**Restricted**
**Funds**
**Endowment**
**funds**
**Total**
**funds**
**£**
**£**
**£**
**£**
**£**
0
875,000
0
0
875,000
0
0
0
66,946
66,946
10,538
0
0
0
10,538
0
60,439
10,000
0
70,439
-85,410
93,320
32,173
0
40,083
-3,909
0
0
0
-3,909|
|---|---|
||-78,781
1,028,759
42,173
66,946 1,059,097|
## **2022**
|Fixed Asset Property
Fixed Assets Investment
Debtors
Deposit Account
Cash at Bank and in Hand
Sundry Creditors|**Unrestricted**
**funds**
**Designated**
**funds**
**Restricted**
**Funds**
**Endowment**
**funds**
**Total**
**funds**
**£**
**£**
**£**
**£**
**£**
0
900,000
0
0
900,000
0
0
0
61,190
61,190
12,292
0
0
0
12,292
0
60,439
20,000
0
80,439
-32,560
42,146
21,557
0
31,143
-2,439
0
0
0
-2,439|
|---|---|
||-22,707
1,002,585
41,557
61,190 1,082,625|
14
## **PAROCHIAL CHURCH COUNCIL OF ST JOHN THE EVANGELIST, WOODLEY Notes to the 2023 financial statements**
## **14 Unrestricted funds**
Unrestricted funds represent assets available to be used at the discretion of the Parochial Church Council for furthering the mission and vision of the Church.
St Johns Church Main Fund
|St Johns Church Main Fund|||
|---|---|---|
|Fixed assets
Deposit account
Bank and Cash Balance
Net Current Assets
General Funds
Designated Funds|**2023**
**£**
875,000
60,439
7,910
6,629
949,978
-53,781
1,003,759
949,978|**2022**
**£**
900,000
60,439
9,586
9,853|
|||979,878|
|||-22,707
1,002,585|
|||979,878|
## **15 Designated funds**
|Legacies
Mission
Fresh expression fund
Properties fund
Properties fund - Houses|Balance at
01/01/2023
Income
resources
Outgoing
resources /
revaluation
Transfers
Balance at
31/12/2023
£
£
£
£
£
60,729
0
0
0
60,729
11,894
6,172
-4,865
0
13,201
507
0
0
0
507
900,000
0
-25,000
0
875,000
29,455
39,204
-14,337
0
54,322|
|---|---|
||1,002,585
45,376
-44,202
0
1,003,759|
The Mission fund arises from the tithe on general giving and enables a commitmentto provide regular support to our missions partners. Any surplus is distributed on a discretionary basis.
15
## **PAROCHIAL CHURCH COUNCIL OF ST JOHN THE EVANGELIST, WOODLEY Notes to the 2023 financial statements**
## **16 Restricted funds**
Restricted funds represents assets given to the Parochial Church Council for a particular purpose and the funds cannot, and must not, except by the specific legal criteria, be used for any other purpose. The Parochial Church Council has several restricted funds, the movement over the past year ere:
|Church Buildings
Church Centre
Audio Visual
Youth Fund
Chair Fund
Dais Fund
Flower Fund
Ladies Group
Reorder
Silverware
Clergy Fund
Roof Fund
Warm Hub
Community Crisis
Palmer Endowment Fund
Trebble Endowment Fund|Balance at
01/01/2023
Incoming
resources
Outgoing
resources
Transfers
Balance at
31/12/2023
£
£
£
£
£
2,546
0
0
0
2,546
12,190
518
0
0
12,708
450
0
0
0
450
0
4,917
-14,250
9,333
0
123
0
0
0
123
0
192
-192
0
527
10
-31
0
506
0
0
0
0
0
23,209
0
0
192
23,401
730
0
0
0
730
2,627
-3,295
668
0
0
10,000
-4,060
-5,940
0
312
0
0
-312
0
1,470
1,389
-1,150
0
1,709
0
505
0
-505
0
0
1,325
0
-1,325
0|
|---|---|
||41,557
21,483
-22,786
1,919
42,173|
.
## **17 Endowment funds**
The Parochial Church Council has two endowment funds:
The Woodley Charity of Susanna Caroline Palmer - this is a permanent endowment which requires the income to be spent on maintaining the parish church;
The Mrs M Trebble Bequest - this is a permanent endowment, received in October 1998, which requires the income to be used for the repair, preservation and maintenance of the parish church and its fittings and monuments.
|Dividend income
Palmer Charity
Trebble Bequest|2023
£
505
1,325
1,830|2022
£
503
1,317|
|---|---|---|
|||1,820|
The capital values of the endowments are shown in note 8 and the dividends received are held in the Restricted Palmer Endowment Fund and the Trebble Endowment Fund respectively
16
**WOODLEY AIRFIELD CHURCH YEAR ENDED 31 AUGUST 2023**
|**Incoming Resources**
Offerings and tax recovered
Interest Received
**Total incoming Resources**
**Resources Used**
**Ministry**
Circuit
Donations
Utilities
Other payments
Total payments
Net Payments
Total funds brought forward
Funds at end of year
**STATEMENT OF FINANCIAL POSITION**
Cash at Bank
HSBC
CFB
Net assets|£
£
£
£
4,593
7,526
187
12
4,780
7,538
5,764
6,332
7,892
467
405
391
232
603
14,293
7,793
-9,513
-255
9,513
9,768
0
9,513
**2023**
**2022**
**£**
**£**
0
1,518
0
7,995
0
9,513
0
0
0
9,513
**2023**
**2022**|£
£
£
£
4,593
7,526
187
12
4,780
7,538
5,764
6,332
7,892
467
405
391
232
603
14,293
7,793
-9,513
-255
9,513
9,768
0
9,513
**2023**
**2022**
**£**
**£**
0
1,518
0
7,995
0
9,513
0
0
0
9,513
**2023**
**2022**|
|---|---|---|
||||
|||-255
9,768|
|||9,513|
|||**2022**
**£**
1,518
7,995|
|||9,513
0|
|||9,513|
17