| Background | Background | ||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|
| The PCC of | St. | Michael and All Angels has the responsibility | for co-operating | with the incumbent | in | ||||||
| promoting | the whole mission ofthe Church, pastoral, evangelistic, |
social and | ecumenical | within the | |||||||
| ecclesiastical | parish. | Italso has maintenance responsibilities |
for the Church Centre in Oaverdon. | ||||||||
| Membership | |||||||||||
| Members ofthe PCC are either ex officio orelected by the Annual Parochial Church Meeting (APCM), which this year took place on 17~April 2023, in accordance with the Church Representation Rules. |
|||||||||||
| During the | year, | the following served as members ofthe PCC: | |||||||||
| Incumbent: | The Reverend Alison Hampton |
(retired 25~ December 2023) | |||||||||
| Warden: | Mrs Sue Jacques | ||||||||||
| Mr Jonathan Evans —appointed |
17~ | April 2023 | |||||||||
| Representatives | on the Deanery Synod: | ||||||||||
| Mrs Sue Jacques | |||||||||||
| Elected Members: | Mrs Sandra Aitken | ||||||||||
| Mr Steve Aitken | |||||||||||
| Mrs Alison Bird | |||||||||||
| Mr Richard Bonsall —PCC Treasurer | |||||||||||
| Mr David Eastham | |||||||||||
| Mrs Pat Farmer (resigned 17th April |
2023) | ||||||||||
| Mrs Andrea Gardner | |||||||||||
| Mrs Penny Hanson Mr David Markham (resigned |
17"April 2023) | ||||||||||
| Mrs Julia Waldron | |||||||||||
| Mrs Ann Anthony (appointed |
17th April 2023)—also Minutes | Secretary | |||||||||
| Coated Members: | The Reverend Philip Hanson Miss Chelsi Argabright (Family |
& Youth Minister) —IeR 31"August 2023 | |||||||||
| The PCC met 8times | during 2023. At each PCC meeting, | reporls | were received from each | ofits | sub- | ||||||
| committees | and | from | the incumbent and treasurer. |
| Unrestricted | Restricted | Endowment | Total Funda | |||
|---|---|---|---|---|---|---|
| Note | Funda | Funda | Funda | 2023 | 2022 | |
| E | E | |||||
| INCOMING RESOURCES | ||||||
| Incoming Resources from donors | 2(a) | 69,441 | 1,607 | 71,048 | 65,730 | |
| Other voluntary incoming resources |
2(b) | 3,000 | 3,000 | 21,500 | ||
| Incoming Resources from | ||||||
| operating activities |
||||||
| -Io further the Council'S objectives | 2(c) | 4.017 | 4,017 | 5,013 | ||
| -Iogenerate funds |
2(d) | 25,038 | 25,038 | 18,387 | ||
| income from inveslrnenis | 2(e) | 2,095 | 1+87 | 3,382 | 3370 | |
| TOTAL INCOMING RESOURCES | 103,5$1 | 1,607 | 1/87 | 106+85 | 113,$00 | |
| RESOURCES EXPENDED | ||||||
| Grants | 3(a) | (300) | 1,487 | 1,187 | 7,917 | |
| Activities direc6y rela6ng Io | ||||||
| the work ofthe Church | 3(b) | 102,575 | 120 | 102,695 | 122,685 | |
| Church management and administration TOTAL RESOURCES EXPENDED |
3(c) | 8,317 110,592 |
1,607 | 8,317 8,536 112,1$9139,138 |
||
| NET RESOURCES INCREASE I(EXPENDED) | (7,001) | 1387 | (5,714) | (25+38) | ||
| GAIN l'(LOSS) ON INVESTMENTS - unrea$sed | 9,086 | 3.473 | 5,301 | 17,860 | (20,433) | |
| NET MOVEMENT IN FUNDS | 2.085 | 3+73 | 6,588 | 12,146 | (45,671) | |
| BALANCES BROUGHT FORWARD | ||||||
| AT- 1January2023 | 131,281 | 140,093 | 54,889 | 326,263 | 371,934 | |
| BALANCES CARRIED FORWARD | ||||||
| AT- 31December2023 | 133366 | 143,566 | 61/77 | 338/09326,263 |
| Note | 2023 | 2022 | |||
|---|---|---|---|---|---|
| R | |||||
| FIXEDASSETS | |||||
| Tangible fixed | assets | 5(a) | 112,641 | 1'I2,641 | |
| Investment | assets | 5(b) | 186,921 | 169,061 | |
| 299,562 | 281,702 | ||||
| CURRENT ASSETS | |||||
| Debtors | 16,074 | 17,333 | |||
| Cash at bank and in hand | 28,802 | 39,551 | |||
| 44,876 | 56,884 | ||||
| LIABILITIES;Amounts | falling | ||||
| due within one year | 6,029 | 12.323 | |||
| NET CURRENT ASSETS | 38,847 | 44,561 | |||
| NETASSETS | 338809 | 326,263 | |||
| FUNDS | |||||
| Unrestricted | 10(a) | 133,366 | 131,281 | ||
| Restricted | 10(b) | 143,566 | 140,093 | ||
| Endowment | 10(c) | 61,477 | 54,889 | ||
| 338809 | 326/63 |
| Unrestricted | Restricted | Endowment | Total Funds | ||||||
|---|---|---|---|---|---|---|---|---|---|
| Funds | Funds | Funds | 2023 | 2022 | |||||
| K | |||||||||
| 2(a) | I | ||||||||
| Planned giving: |
|||||||||
| GiRAid donations-regular | 32,444 | 32,444 | 38,999 | ||||||
| Gilt Aid donations-one | off | 12,621 | 12,621 | 4,005 | |||||
| Income tax recoverable | 12,333 | 12,333 | 11,589 | ||||||
| Youth Worker | support | 120 | 120 | 120 | |||||
| Other planned | giving | 7223 | 7Q23 | 5,988 | |||||
| Collections | 1,928 | 1,487 | 3,415 | 2,710 | |||||
| Magazine donations |
1,283 | 1+83 | 77 | ||||||
| Sundrydonations | 1,609 | 1,609 | 2+42 | ||||||
| 69,441 | 1,607 | 71,048 | 65,730 | ||||||
| 2(b) | er | v n in |
|||||||
| Legacies | 3,000 | 3,000 | 5,000 | ||||||
| Grants | 16,500 | ||||||||
| 3,000 | 3,000 | 21,500 | |||||||
| 2(c) | Inc | from | |||||||
| rther th | |||||||||
| Fees | 4,017 | 4,017 | 5,013 | ||||||
| 4,017 | 4,017 | 5,013 | |||||||
| 2(d) | |||||||||
| Magazine advertisements | 6,793 | 6,793 | 4,899 | ||||||
| Floodlighting | 40 | 40 | 70 | ||||||
| Olher | Church Centre lettings | 17,635 | 17,635 | 12,826 | |||||
| Sales | and other fundraising | events | 570 | 570 | 592 | ||||
| 25,038 | 25.038 | 18,387 | |||||||
| 2(e) | |||||||||
| Dividends and interest received |
2,095 | 1,287 | 3,382 | 3,270 | |||||
| TOTAL INCOMING RESOURCES | 103,591 | 1,607 | 1,287 | 106,485 | 113,900 |
| 3 | RESOURCESEXPENDED | RESOURCESEXPENDED | RESOURCESEXPENDED | RESOURCESEXPENDED | |||||||
|---|---|---|---|---|---|---|---|---|---|---|---|
| Unrestricted | Restricted | Endowment | Total Funds | ||||||||
| Funds | Funds | Funds | 2023 | 2022 | |||||||
| 3(a)~ | K | E | |||||||||
| Missionary | and charitable | giving; | |||||||||
| Church | overseas: | ||||||||||
| - | missionary | societies | 298 | 298 | 2279 | ||||||
| - | relief and | development | agencies | 420 | 420 | 1,476 | |||||
| Home missions and | other | Church | Societies | 200 | 281 | 481 | 1,679 | ||||
| Secular | charities | (500) | 488 | (12) | 2,483 | ||||||
| (300) | 1,487 | 1,187 | 7,917 |
| Ministry: | |||||||
|---|---|---|---|---|---|---|---|
| - Diocesan quota | 37,600 | 37,600 | 37,503 | ||||
| - Vicar's expenses | 979 | 979 | 596 | ||||
| - Mission 8 outreach costs | 209 | 209 | 342 | ||||
| - Youth worker costs | 20,389 | 120 | 20,509 | 28,597 | |||
| Church | running costs |
5,03'l | 5,031 | 6,692 | |||
| Church | maintenance | 5,870 | 5+70 | 2,861 | |||
| Upkeep | ofservices | 637 | 637 | 326 | |||
| Upkeep | ofchurchyard | 683 | 683 | 1,029 | |||
| Expenditure on magazfne |
5,409 | 5,409 | 5,611 | ||||
| Church | Centre running costs | 25,768 | 25,768 | 22,789 | |||
| Major repairs, replacements | and improvements | ||||||
| -Church and churchyard | 16339 | ||||||
| 102,575 | 120 | 102.695 | 122,685 | ||||
| 3(c) | |||||||
| Depreciation | |||||||
| Bank Charges | 260 | 260 | 192 | ||||
| Printing | and stalonery and sundry expenses | 299 | 299 | 1,156 | |||
| Vice% ollce expenses | 584 | 584 | 508 | ||||
| PCC admlnlslraive salarfes |
7,011 | 7,011 | 6,579 | ||||
| Pariah bookeeping costs | 163 | 163 | 101 | ||||
| 8,317 | 8,317 | 8,536 | |||||
| TOTAL | RESOURCES EXPENDED | 110,592 | 1&607 | 112,199 | 139,138 |
| Freehold Land 8 Church C N |
Freehold Land 8 Church C N |
Equi ent k Came |
Ch„mh | Garden Equipment |
||||||
|---|---|---|---|---|---|---|---|---|---|---|
| COST | At 1 January 2023 | 112,641 | 3452 | 7,410 | 2,574 | 126,177 | ||||
| Additions | ||||||||||
| At31December | 2023 | 112,641 | 3,552 | 7,410 | 2,574 | 126,177 | ||||
| DEPRECIATION | At 1January 2023 | 3,552 | 7,410 | 2,574 | 13,536 | |||||
| Charge foryear | ||||||||||
| At31December | 2023 | 3,552 | 7,410 | 2,574 | 13,536 | |||||
| NET BOOK | VALUE | At31December | 2023 | 112,641 | 112,641 | |||||
| At31December | 2022 | 112,641 | 112,641 | |||||||
| The glebe Iield isfreehold land and is stated | atcost | ofE6,641 (2022R6,641). | ||||||||
| At31December | ||||||||||
| Units | Market Value | Coat | ||||||||
| 2023 | 2022 | 2023 | 2022 | 2023 | 2022 | |||||
| E | ||||||||||
| General Funda | ||||||||||
| AccumulalionsharesinCBFColEinvestrnentfund | 4162 | 4162 | 24,854 | 22,063 | 6,167 | 6,167 | ||||
| Income shares in CBFCoIE investment | fund | 3g12.7 3312,7 | 72,624 | 66,329 | 40,672 | 40,672 | ||||
| 97,478 | 88,392 | 46,839 | 46,839 | |||||||
| Restricted Funda | ||||||||||
| Accumulation | shares | in CBFCoIE investment | fund | 517.9 | 517,9 | 30,925 | 27,452 | 7,833 | 7,833 | |
| Endeernent | Funda | |||||||||
| Accumulation | shares | in COIF investment | fund | 46.9 | 46.9 | 11,624 | 10,330 | 217 | 217 | |
| Income shares in COIF Investment fund |
2,363 | 2,363 | 48.894 | 42,887 | 2845 | 2,245 | ||||
| 58,518 | 53,217 | 2,462 | 2,462 | |||||||
| Total Inveatmenta | 186,921 | 169,061 | 57,134 | 57,134 |
| 6 | ANALYSIS OF NET AS | SETSBYFUND | ||||
|---|---|---|---|---|---|---|
| Unrestricted | Restricted | Endowment | ||||
| Funda | Funda | Funda | Total | |||
| E | E | |||||
| Fixed assets | 97,478 | 143,586 | 58+18 | 299,562 | ||
| Current assets | 41,917 | 2,959 | 44,876 | |||
| Current liabilities | (8,029) | (6,029) | ||||
| Fund balances | 133,366 | 143,566 | 61,477 | 338,409 | ||
| 7 | DEBTORS | 2023 | 2022 | |||
| Debtors forgoods and services | 873 | 559 | ||||
| Other debtors (Including | tax recoverable) | 15,201 | 16,774 | |||
| 16,074 | 17,333 | |||||
| 8 | UABIUTIES: Amounts | fatling due within one year | ||||
| Accruals and deferred income | 6,029 | 12,323 | ||||
| 6,029 | 12.323 |