The Parochial Church Council (PCC) of the Ecclesiastical Parish of St Mary The Virgin, Woodbridge, Suffolk Trustees, Annual Report and Financlal Statements For Year endlng 31 December 2023 Regbtved Chartty nlI196T1 Table of Contents Page Truste& Annual Report for the year endln8 31 Dttember 2023..............:............................ Statement of Flnanelal Actfvltles.................................................................................... ........ Balance Sheet.............-... .. ........................................ ................................................... .....io Notes to the Flnanclal Ststements for the year ended 31 Decembetr 2023..........................11 Independent Emaminerfs Report................ ............. ................-......... ......................,..........21
PCC OF ST MARYS WOODBRIDGE Trustees, Annual Report for the year ending 31 December 2023 Structure, Governance and Management The PCC operate5 wittwn the Diocese of St Edmundsbury and Ipswich (Churth of England Suffolk) and has the prlmary responsibility of co-operating with the Rector in promoting the ecclesiastical parlsh and the whole mlsslon of the Church, pastoral, evangellstlc, soclal and ecumenlcal. It Is govemed under the powers of the PaTO(hlal Church Council (Powers) Measure (1956) as amended nd Church Representatlon Rules (CRR). It ts a reglstered drIty and, as chatltsble trustees, the members of the PCC bearcollertive responsibilty. All the provisions of charity law apply to the PCC'S responsibllities including financlal management and the malntenance of thurch propertles and other assets and decision.making. In accordance wlth the CRR, the PCC has a Standing Comrnittee (the Commlttee). The Comrnlttee has power5 to carry out the business of the PCC subjert to any direction of the PCC It carrtes out any routlne work of the PCC between meetings and deals with matters of urgency. Oblectlves and Actlvltles The prlmary goal of the PCC Is the promotion of the Gospel of Our Lord Jesus Chrlst accordlng to the doctrfnes and practlces of the ChLtrch of England. The main object(ves are to: Develop collertlve worship in the comrninlty. Develop strong Ilnks in the v¥ider community. Malntain the church properties
Membershlp of the Parochlal Church Council The followlng served a5 Members of SL Marfs PCC durhg 2023. Chatr The Revwend Nigel PriL Vlce Chalr Mrstephen Cde, missVeroca Howe, Mr Davld Sharples, Thrw the Dlocesan S)fflod (ExQllWo) Mr5 Penny Blrd Deanery S>Trod Reprtsffitstlves {untll 2026) Mrsmary Hare (reslgned) Ms Rtta James Ms Patricla Ford Churthes Togeth•r In W•othTld8e and Melton Mr Stephen Cole Mr$ 8arbarn Stear HonoraryTreasur•r Mr Phfllp P(ySe'(to Novembu) Mrs Annle Lhes, (frL¥n November) Honorarysecretsry Mrs Catherfne Eaden, (from May) Mr Davld 8errld8e Mr Slmon Morrfs Elerted Lay Members To x016 Mlchelle Bullard Mr Stephen Cole Mrs Margaret Davldson Mrjererny Hawksley Mr phlllp Poole Mrs Janlce Povlson (re51gned) Mrs Barbara Stear T02027 Ms KathatheTumer To zoJ8 Mrs Catherfne Eaden (from May) Mr5 Annie Lthes (from November) The PCC Is assisted by a large number of volunteer5 who give thelr tlme to supportthe work of the pcc. ' Members ofthe PCC'sStanding Cornmirtee
Membershlp of the PCC 15 determined under the Churth Representstion Rules (CRR)and consists of certain ex-officlo members.The members athe Churthwardens andthreemembersof the Deanery Synod plu5 members of the church who are elected at the Annual Parochial Churth Medng (APCM). Members are warmly encolfdged to stand for electlon to the PCC and a balance of 5kllls and experlen(e Is sought where possible. Athlevements & Pertornwice Ourchurch welcomeslamiliesfrom within aswell a5 outside of the Parishboundarfe& Vlsttors attend by personal choice and It ts our great pleasure to welcome people from all walks of Ilfe to take part In the lffe of the Church. The average weekly attendance, counted durln8 October, was 114 (2022: 117) but thls number Increased at all tesdvals and other seThkes held for weddlngs. funerals and memorlal Electoral Roll There were 216 people on the Electoral Roll at the APCM In May 2023 (196 In May 2022). Revlew of the Year St. Mary's has once agaln been blessed throughout the year by the support of a great many people who give thelr time, skills and untailing energy to all the activltles of the churth every slngle day of the year. A highlight of the ye'ar was the coronatlon of Charles 111. A vlgll prayer servlce was held for the new Klng on the night before the coronation and our wonderful bellringers made the bells rlng out across Woodbridge before the 'big screen, live coverage In the church on the day of the Coronation itself. Our'RoyAI Calé, se]ved prosecco and high*nd sandwiches" It was very popular and the day ended wlth a free concert of Sprlng Songs by Illuminati in the church. Through the year, St. Mary's supported The Children's Society• UNICEF, Kagera and Chrfstian Aid. Donètlons in kind from the Toy Service, also went to the SLrffolk Refugee Association and Home stsrt. Thanks to a £2,000 grant awarded to St. Mary's by the late Councillor Caroline Page (who died in July 2023) St. Mary's wa5 able to participate in the Wann Room, prolect in the early winter months of 2023. Thanks are due to Veronica Howe and other volunteers, who ran this on several Thursdays. The post of choir director remained vacant. Sarah Dodds, our organist, worked tirelesslytr continuing to lead the choir and to keep the musical life of both churches vibrant in the absence of a Director of Music.
Following her hard work leadlng to our receiving the Eco Churth Bronze Award in 2022, Rita James, wlth other5, focused herssghts on'sltvee, encouraOng us always to malntaln high stsndards and be ambltlous In our aims. Sue Todd retired as Church Shop Manager and we are all greatly indebted to her for her leadership and creativlty. A small management team was formed to succeed her and the Shop ha5 remalned open every day throughout the yearas a result of thelrtrernendous hard work and the dedication of all the volunteers who staff the shop. Owing to the commttmert of a small, but dedlcated, group of volunteer stewards, the church buildln& which is open every dayj $ able, from May to SepteTnber, to offer a friendly• but unobtruslvei presence to any vFsltorsfrom 10.30-12.30 or 2.00-400. Each volunteer dld at least one 5hifta month. We rnade some diffycult declslons durfng the year to stop dofng some thlngs. After three years and thlrteen Issues of our parish magazlne 'lnslde Out., It was deoded that the December 'Chri5trnas' edition should be the last We have also stopped the routlne and weekly live streamlng of Sunday seTvlce5. This wa5 unwelcome news to those for whom getting to church can be difficult, but It was agreed to make the charsge at the end of September. Part of the ratlonale was the weekly Ilfe- streamlng was a legacy of the pandemlc and to encourdge u5 all to be present In the church bulldlng. We stlll have the Ilve-streamlng equlpment and It remalns available for speclal occa51ons, such as weddlngs and funerals. During the year, In addltfon to the Coronation, we also lfve streamed the ParSsh Eucharist for Sunday 2 July, Feast of Trle when our preacher vns Cano'n Philip Banks Precentor at the Cathedral. Enonnous thanks go to Rlta James. The PCC met monthly w5th only a break for December. This ha5 been necessary to stay on top ol the workload. A threfrphased development proposal was developed durfng the course of the year relatlng to.. (1) the conservation, repair and refurblshment of St. Mary's House; (2) the enhancernent of the facllftle5 In the church bulldin& and (3) enhanclng the access to and blodfversity of the churchyard and its natural habltaL The work assodated wfth the conservatlon of SL Mary's House has taken up a great deal of tlrne and the PCC has worked hard durlng the year to review plan5, commission essentlal survey5, appolnt quantity surveyor and revise plan5 in the Ilght of feedback received from the preparatory work and Cost estlmates. It took steps to ensure that the Benefice would be in a posltion to seek pre-planning approval In 20¥ for the latest plans. St Marfs House plays a central role in sUPPOrting the church building in Its mission by offerlng facllfties and a sanctuary for a wide range of activEtles - lunche5, public consultations, yoga classe5, lelsure actNtties, meetlngs. the Ukralnlan Hub, parties, bereavement counsellin& Popp5 Panty café, The Prince'5 Trust (Inspke Suffolk), birthday partles, Girlguiding, receptions1 private meetlngsj etcThe Church Shop 15 there, as Is our Benefice Office. The poor state of repair of the building worsens wlth every yearthat passes and It Is not easlly accessible to everyone. The work on the refurbishment of St." Mary's House and the enhancement of Improved facilities in the churth bulldlng Itself has been a key part of the PCC'S work during the years and wlll continue trj be so in 202*
Progress has been slow on the work on the gates and piers at the top of Church Street because the slte Is difficult and the restrfctlons numerous. We hope to obtain planning consent in 2024 and for the work to carried out. Jeremy Hawksley has been very active in the role as our leader for safeguarding and he has worked hard to ensure that more than two thirds of all the volunteers at SL Mary's have done their 'Basic Awarene55' training. Simon Morris has also been very active in his workwith the Quinquennial review of works and we are very grateful to him for his diligence arKI expertise. The Benefice has been ably a5SlSted by Darren Darby who tskesresponsibillty forthe day-to daymaintenance of St. Marfs House and the church bulldlng Itself. There is no doubt that SL Mary's will have another'busy year in 2024. Our plans include: The conservatlon and refurblshrnent of St. Marfs House. The re-ordering of St. Mary's Church. The comrnencement of the Quinquennial works. Fundraising for the refurbishment of SL Mary's House. Consolldatlng our shared envlronmental priorities, including ourworking towards a sllver Eco Church award and developing the churchyard, the herltage trall and the biodiversity zones. Financial Review l am pleased to report that the overall flnandal outcome for St Mary's, Woodbrldge for the year ended 31 December 2023 was sound. Before addressing the key elements of the accounts, Induded are a couple of 'technical remarks to ald the understanding of their presentation. As In 2022, the accounts In thls report are set out on three dlfferent bases: unrestr5cted or general funds, which can be used for any purpose; re5tncted funds that can only be US for speclftcally deflned purposes and designated funds that are technlcally unrestrlcted but have been de51gnated by the PCC for spedfic purposes. the most Important of whlch relate5 to the projert to refurbish St Mary's House. Only actItIeS and funds that the PCC is legally pOnsIble for are Included so, for example, they do not Include affillated funds such as those of the bellringers or the flower fund (see note 12 for a list of funds that are included). The statement of Flnandal Actlvttles, whkh forms the first page of these accounts, Is a summary of the fvll picture and sums up to a net movement in fund5 acr055 all the fvnds and actlvltles for whlch the PCC Is responslble. The detailed breakdowns of expendlture and income are set out In notes 3 and 2. Income On the Income slde, voluntary income. excluding legaaes, whith is the most important category In temis of contributlon. was higherin 2023 at £119,657 compared to £108.774forthe previou5 financial year. Thi5 wa5 mainly because of a generous donatton from the Friend5 of St Marfs for the Organ Fund, to èssIst In renovatfon of the swell front. There is a breakdown of the various categories of Income in note2. There were no new legaaes In 2023.
The good news on the Income slde Is thatfund generatlng artlvftles (for ey(ample, concerts and other events) were up In 2023 comlng In at £11,619 compared to £8,029 In 2022, as was the income from actlvltles, Including the hire of the church and church hall. Income from investments was significantly Increased from £3.055 in 2022 to £231649 in 2023 due to general increases in interest rates over the year. The PCC rernain5 acutely aware of the problem facing aFI churches. as deTnaT7ds.on hou52hold budgets increase * a tlme when congregations themselves are dlmini5hing in number and the expenses of running our Benefice only Increase. Expendlture Expendlture Items are set out In detall In note 3. Overall levels are broadly constant, but It should be noted that fulS expended on deslgnated and restrfrted funds have been collected In this and prior perfods. The PCC is aware o* the inflationary pre55ure5 on expendrture. Ga5 and electriclty contracts are due for reegotIatIOn In"2024 and the post of Choir Dire(tor has now been filled. Overnll Posftlon Putting Income and expendlture (ategorles together. there was an excess of expenditure over Income acr055 all categorfes (unrestrfcted. designated. and restrkted and Includlng Investment revaluatlon) of £141147 (2022 £18,469) Reserves It Is the pollcy of the PCC to Tyialntain a balance on unrestrlcted funds to cover any unexpected expendlture that might artse. At the end of the year, the balance of free reserves Is consldered adequate to malntain thls.policy. The trustees do not belleve there to be materfal uncertalntles aboutthe charlty's ablllty to continue. Rlsk Management The PCC examlnes malor rfsks that the Benefice faces each" year durfng fts normal buslness and establlshes pollcles where approprfate. Publlc Benefit The Trustees have complied wlth the duty in section 4 of the 2006 Charftles Act to have due regard to guldance published bythe Charities Commission on public benefft. Condudlng Remarks In conclusion, the full year outturn OD the general account rémalns In decent shape wlth total funds cathed forward of £883,821 (2022 £897,968). The PCC recognises that the challenge relnains to create a more predictsble flow of Income that will enable us to budget against expenditure and continue to balance our books on a d3y.tO-day basis. Fund raising will be central to the PCC'S work over the next few months and year5 and 11 be e55entlal Ff we are.to fuFfil our oblertives and dlscharge ourresponsibilities as Trustees.
The Treasurer and the PCC would like to thank Michael Holland for his help in the production of these accounts. We would also like to thank the Parish Secretaryi knnda Rumbold, and Hannah Paulyj who have a5515ted with the day-todiy bookkeepingforthe Chur Submrtted by: Annle Lines PCC Treasurer
PCC OF ST MARY'S. WOODBRIDGE Statement of Financial Activities .For the year ended 31 December 2023 l Urnmrfrted . GeneThl rotsi Fundj Fuhd Funds 2023 Notes IfrICOAND ÈNDtYWMENTS Volunt•rylncome letacles 15512 .119,657 I,774 Fundra, ronEert54ndvKnts IL619 Ik619 I029 £hwd¥ 1rtfft1•sllr¢fudlnith)p} al550 Imcome from I$1M•$ 1.195 21J96 2397 3,055 Oth¥ rt¢lpts 239 2.701 2.942 693 Tot•1 E•l¢releg4d 21J 194757 iioi Ltq4des-iener•l 31,0 Ltyadqs-d•sly•tedfvnd 4,631 TOTAL INCOME 19m3 19J.757 1 187,791 EXPEffjmJR Church •ctMtls 1kn¢l11} 85.618 19.172 st M•rfs.House projett 010¢erIplrfStt Sh 6V5J ". M•rChUrCh rewlrs TOTAL EKPENomJRE NET INCOMÉjIDEFicm OEFORE IrivTsfMENf GAIN5 Galnluossl on rnvaluètlon ol Investhents 150.111 19J71 2MJ3Z 2.807 117J831" I1475) P7MS51 128 J2B 16141 TrOterbe1wEen fv 125 25WI NET MOVEMEHfiii FUND5 7.717 329 I.17) Toial fundsbrovthlorward. 143,817 651JA)4 11)3.147 897.968 . 916.437 Tot•llunth c•Yrttdf•rwrd 12L614 64ni IOW6 Thr rkits5tothe FIrn(l4*atern15 fryffl partofthWar Therewere n0m0ments"0nthe ÉndovKd FundSdwth¥therTI¢hTrlTrl¥tE3l4
PCC OF ST MARY'S, WOODBRIDGE Balance Sheet As at 31 December 2023 Total Fd$ 2023 Totsl FuDds I 2022 Notes Land and bulldlngs (St Marfswousel Church pfjano Church equipment 314.Y3 21,i•Jo I 1.455 34998 5.120 314,sq31 7327 342.870 4,692 InvEstrrients- restrkted fund TOTAL FIXED ASSETS 341118 a4762 Stock 5,035 30,539 Debrors and prewyrnentS Ley£les due at Air Ind Cash at bank ind.ln h•nd (InchTh8 £83.5fy) th¢r mreth•N i vurt i1.0 io io 834,366 821,168 i TOTJLCURRENT PSSETS 869.940 867,918 j Credltors.. thtsuhts faibn8 due WthlD oneyt4r 113.6941 12,9691 li NET aiRAEvr 855246 1 864.949 ', TOTAL ASSM LESS CURAENYLIABILITIES 1.198.361 1212.511 PARISH FU14DS Vnr•strkted 8enefal lur 121.624 J43.817 12 Urwestrtthd d•slarMtedlur 658.721 .651004 12 Resirlrted funds 103,476 | 863.821 103.147 12 897,968 Endowmentfunds 314.543 J14.543 TQTAL PAJIISH FID5 Li3641 1212Jll The notes to the Flnandol Staternents forni partolthese accounts. Approved the Parothkl Church Councnoo 16IW2024And signÈd•D beh•llby the Reverend Nl8el Prfor, PCCChalrman. and Davl Sharples asth rchwarderk Reverend 1ge1 Prfof. PCC Chalrrnan OavldSharyAe& ¢knhwarden io
PCC OF ST MARY'S WOODBRIDGE Notes to the Financial Statements for the year ended 31 December 2023 l Accountlng policies 1.1 Basls of prepèr4tlon The PCC is a publlc benefft entlty wlthSn the me•hSn¥of FRS102. The IlnarKS•1 rt4tements h•ve beEnprepared underthe Charlt5e5 Act 2011 and In zccordance wlth the Church AttountMI8 Re8ulations 2Q16 Éovemlryl the IndlvbduBI accounts of PCC5, and whh the Regulatlonrf-true and falrf prtyi5ion4 twher FRS 102 IZ0161 as th• applKable accountln8 stsndard5 and the12019) verslon ot thestatwentof Retommended Practke. Account]nB •nd Reportlng ty Ch•rlUes ISORP IFRS 10211. The flnanclal staternents have been prepared underth¢ hlstorlc41 c05tcon¥errtlon as Nwjdffied by the Incluslon of Investments •t market Y•lue. The Wnancbal statemerts Include all transa¢tlons, assets •nd liabllhSesfor•thl¢h the PCC Is fesponslble In law. They do not Include the accounts ofthuf¢h Aroiiw thètLwR thelr affillaON to 4rotkr body, northose whlth ar• Inlopmal ythedny of Church membe 1.2 Crftlcal Kcountlry estlmates indJudKements ln th• applltztlon ofthe ch•rltysacwuntJng polldes, are requked to makelud8•m•nts. t511mates as5umptlon5 about the uryjry amount of assetsand Ilabllllles th•t I not re•dfv apparent from oth•r Jcurces. The estlmates •nd assod•ted •ssummions bas¢d on htslortul e¥perlen¢e and ¢jtherfartO th•t Ire coNld•red tr be relev•nt. Aclu•l rtsvfts m•ydlffer fr0Mthe5erml•K The estlmales and undertyln£ •WJmpOThs •r re¥lewed on ow>lni b•s15. Relslons to arntIng estlm•tes arè rt¢O8nlsed ITr the perlod In whlch ihtestlmtt¢ b rthlsed wherethe re10 •ffects an1tht perlod. ¢rln the ptrlod of th• r•vlslon and fvture p•rtods wherthè rvA51on affects knth ¢urrnni arbd IUre perlod5 l.J Funds ccountl UnY•strfrt•dlur4 These represent the rem•lnln8 Ine fvnds of ihe Pccthèt ore avaNabtefor spendlngon the 8enernl purF•ses ofth• PCG Indudln8 amounts deslinated bythe PCCforsptndkn8 on • fvtwe projett •nd ¥thkh not Iluded In stsYre•.reserve as dls¢losed In the trustee reporL These are Income fund5 that must be spent restrlrted pulpaand dttaV4ofthe fuAd5 held Ind T•Strk prOded are shown In the notestothe accounts. Endovmivrtfundi These are restrlcted fvnds that rnust b• rntslned astwst capiial ehtr perInartty $ble£1 toa dlscretlonary power to spend capitsl a5 Income, and there the olany Incom? or(ther benefft dorw from thetapltèl rnaybe restrlcted and unrestrfcted. . 1.4 Incomlng resources Incomlng resources are recognssed in thefinanaal statemeftts whenthe PCC be¢ome5 leKalty entitled to tht benefit of use of the res0ree, thÈ inftow tyf e¢onornic benefft is probable the rnonetary.walue ¢afi be measured with sufficlent Legacles are reClsed when probate ha5 been granted. the amrJ¥nt re¢elvable can be remably measured and the Executors have noiified their intention to make a dlsiribulkn. li
PCC OF ST MARY'S WOODBRIDGE Notes to the Flnancial Statements for the year ended 31 December 2023 l Accounting policies (Contlnued) Don3110ns collection$ and planned &iwnB are reco8nised when received. Gift aid Is Included In tFJe finantial sratements when the income to wh¢ch it is related is recognlsed. Grnnts ère recoEnised when the lormal offer in writin8 of the fvndlrtg is reeeived by the PCC and poyrnent 15 certain. Glfts in knnd for the Pccsown use are Induded at theirestimated fair value on receipt and expensed ovw thelr us¢ful life. Statutoryfee5for weddln8s and funerals are r¢co8nlsed when the offKe occurs. Income te1Vable in return lor sellin8 6oods or providing seThi£Èsls retognised either when Koods are sold or the service provided. Income from the hlre olthe Church orst Marfs House is recognised whèn the hire tskes place. Investmefit In¢ome lirtierest and dividends) is accounted for when re¢elvable. Rea115ed 8alns or105ses on the sale of knvestnnts are recO5ed when the Irw¢stments are sold and unreallsed siilns and losses on In¥eMm•nts held atthe year end are accoumed for In the $tementl Flnan¢ial Actlvity. Government grants are •ccounthd for •ntltlm¢ntls e51abltshed and rhe •vent8Mn8 rts• to th18rnnt hs k•n pla¢• b•for• th•y•ar •nd. 1.5 Exp•ndltur• and Ilabllld•$ Experbdlture Is recoinw whenther• Is a le8al orconstiuttl¥e oblt8atlon Ind s¢ttlemeTht15 probjble and quantlfiabl•. 6r•nts and donations are ac¢ounthdfor when pald or ¥¥In a¥rdrded where the award Creates a blndln4 obligatlon on ihePCQ Th• Dloc•san Parjsh Shir 1$ accounted fron aD amual b•slsand reffletts the alocatlon ayeed by the Pccwlth thè Doanery. 1.6 Flxd sMts Consecrated and beneficed propertyof any klnd Is excluded from the acaiynts by Sealon 10121 olihe Charltle$Act 2011. Movable Church fvrnishini held by tht Rettor and Churchwarden5 on 5peclal forthe PCC and whlch fequire a Faculty for dlsposal, are a¢counted as inalienable property unless constuated. 7heyare lts¢ed In the Chur¢h's Inwntory whSth can b• Inspected but are not Irtdud In the finandal srafemen All expendr(ur• Ob) cons#t•d or b¢nÈficed buiklinqs and Indwual Items cDstln8 under £5(Oar• wrltt•noff In the year th•y werè Incurrtd. Tan8ible fixed a55et5 foruse bythe thirlty areupknllsed4t ¢ort lor th MIted ¥Jlueof donated gocJs1 and that mount, less any currently antldpated resldual falf value. wrnten off tc the Statemtrtof F¢naftcial Activitle5 over thelr stlmated ustful Ilvts asf¢4low Lond and bldIng5 ar¢d Church plano Church equ!pment- IT related Church equipment- othor Ihtld at fairle) 33%straliht Itne 25%reductr¥ balaKe No depre¢latbn Is pl¢)dedn fre•hold buildin8s and the Churth piano asthe e¢onomlclWe of these assetsexceeds 50years and iesiflual TrAlues are so hi8h that tentIal depreclatlon would be Immaterial. and11 i$tht PCCS polky to maintaln these assets in a Continuèl state of sound repair. provi0Th wlll be mad¢ if r¢8ulat InwLrmEnt review5 indicats there has been any pern)anent diminulion in valu
PCC OF ST MARY'S WOODBRIDGE Notes to the Financial Statements for the year ended 31 December 2023 l Accountlng policies (contlnued) 1.7 Flxed asset Investments Investments are slated at market ètthtbaèn Sheet date and rtatIOnstrorn thè laStlatIOn re¢ord•d ifi th¢ ststementof Hnan¢lal Affalts. 1.8 Stocks Stotksare st•t¢d 4t thelrKqulsltlon cost less •ny probtsknn There s15 antldp•ted at • lower amount. 1.9 L¢•ses Rentsls Plble under operatln8 lea5e5. Inchjdlni any [tt Incenifvej amtharpd as•n expense.on a stral8ht Ilne basLs over thetern of the relvlant le. 1.10 Golni concern Atthe tlme of apPrOnIthe ftmnthl st*•mefttsth• Tivst•tsh•¥e a lnbleeXpeCl•kn thatthe ¢hèrlty has adequate re1¢t$ to contlnue In operatlonal ex1sten for the foreseeable fvturè. Thu5 the TnMteoscontlnue tg •dopt the •olrycon¢em bath of •ctauntltsg In preP•rIthe ftTr•nd stotem&it>
PCC OF ST MARY'S WOODBRIDGE Notes to the Financlal Statements for the year ended 31 December 2023 2 Income and endowments T¢tsi Funds 202> Fund5 2in2 PlinnEd gi¥ini other donations 71.e30 11.542 7L8ao 12,542 15,405 19,880 16,56,, Otl)er domtlons-rered ISJ05 107 1,01.: Gfft aldrecovtrdW¢ 19.773 Volumèrylor W115 Lrf•¢l¢s-8trt¢r•l 104,145 2$312 119.657 31,0D'.: TOT 119,657 144.411., Fundrais5n& cèrtertsande%Nts Athe51 revenu¢ 9,642 L977 fj.9D'. 1.977 TOTAL IL619 RO?9 Shopsls Hlr4 of Churth Stmarfs Houst F••sfor ddin85d fvntr? 17.910 lin2 17,910 12,722 5.258 TOTAL JsAg) Iorntr lrtv•iMn•nts B•nk intErest L195 717 23.$08 141 Ol¥id¢nd5 141 TOTAL 23.649 Otherrncelpts- bldIn1£r3DlS 70) TOTAL lrt¢ome and trOwenfjfj ait fvnd$ 21.$56 1g.orj 193,757 It?,7JL There was no incomt receed bythe Endowed Furkosdurinttf. 14
PCC OF ST MARY'S WOODBRIDGE Notes to the Financial Statements for the year ended 31 December 2023 3 Expenditure Rtstrkted F¥nd5 rat•1 FyTrd5 Totolrtsnc15 Fd 2ts22 Cleryy•xpgnses SBlJrie5 and hon¢)rnFI Othercosts 1225 2.225 3.250 2.458 l.J91 3.2SO 2,5DD 1,9 1458 Othercosts-fStrlct•d 1,631 1,632 1,515 TOTAL 9&65 7.386 thurth Utllltls 15.389 15.319 1 2.450 ' 16.425 15,335 6.JX2 1,871 Rep•lrs and rn•lntenathtt Repalrs and rn•lnt•nin¢•- r•strkted 2A50 16.425 Tor 17 16,425 54261 ZJ,518 4M90 r¢¢p•lrs #nd rnilrrtenan orher¢osts L933 1.993 11$ 'Shop purthases lor r¢4 13.398 13.398 8,807 roTAL 21.114 17.23 Sal•rl¢S and peAslo111 Newsletter 19,944 2.575 485 6,019 19.944 157S 18,3£1 1,094 172 Fundr•lJlw cojts 61> 5,335 L544 6.131 731 pro18101 fee$ epre¢lot Bènk charyos ' Mlscellaneous ¢05tS 4.757 LI31 2.010 I,J15 5,8n 1,132 2,010 2,947 TOTAL 397 37,403 TOTALCHURCH ACTMnES EXP£NOrnJAE 19.171 104 85.537 St Marfs Hovse project parlsh share 38,879 64,653 56,861 63.189 64.651 TOTAL EXPENDITURE 19.172 201332 205.587 Therew0 tndkrÉlTUMt endoAYdFurd%dwfr¥tr*ye•F.
PCC OF ST MARY'S WOODBRIDGE Notes to the Flnanclal Statements for the year ended 31 December 2023 4 Staff costs CoSt2012 WaBe5 and 5al4rl•s 19,446 17.533 Ernpbwr soc44 scurGty cosrs Emphyer pension cp515 9M t8.Y61 Thtr4Er4y nu¢nberof Im0ve¢S ththeylr•S2 (202L.2 4dmlnlsi•r•d Ind•p•nd•ntty of th•thartty. 5 Related partles iumJr•¢•5¥•d byth• Pccfwih b•r010th•llrl9T0ryd1oWl p•sXdto1•IMl botsltafid r•fiKt•d In theje I1ThanCl teMen bp•nstspJ ro Ik•r4¢dderthT•mowrt•dio£222S12021' ÉV91K There kve been payrnents iofdèted che$dl¥the Yeaf. buithÈ PCCh•s ré£ÉW IlnThd•ls¥Nrtfrom th? Fr1% plSL Marfs lan Ird•p•r#l•nt charity) In rttpert ofth•cosiolc•rtah r•prandlXlkN(¥10 th¢ thwth. léOnk11f• r•fkn•d wkthknthe felt4•nt r•thcEed fvnd. Th•ChwrdwèIns•rI T•1$•fIO 1Thdep•thTis1iiIpto rfIv4 PtyrtrtylntkP¥tsh.Thwewv•notr•ns•Etkn b•kn¥een th•Ptt4nd th•s• ir¥5ts th+r. from ljinuary 2021stMs. WoDdWEaThl St Gr••t 8•alw5w•tsrmed Into ah)#ii berthe. Eath Churth operot¢sh5 PCC.and yèp2ressepate attourts M frtynlnto tyansJLtsnsrelKlwtoorclch p•s£thrwh th0othe oth•F d suthamountsarepeflothèlysenledtl1ffloUthts outstlthdlw hyknled in dEbtors or credltor5. The Partsh fwthjolrtb•nfi¢• Is all¢at•d •ath KC boun1• tyth• PCCsiNc•4ny•ttrnpt 4tquantSfk•tfjDD ts EOA%5dered ou¢ of prcgwUoThtowyberfit 6 Governance £L4341. 7 Operatin8 lease The¢hlty L%t•mmittd loa paymrtafE21512O2I. a845lPeranrTh wderafi0per•IeIthatÈ•tres iD202
PCC OF ST MARY'S WOODBRIDGE Note5 to the Flnanclal Statements for the year ended 31 December 2023 Tangible Flxed Assets Fr•ehold l•r Churth Tot1 fixed •WwneTrt Cortryv•lu•tstyb At l January 2023 Addltlon$ai ¢osi 39,4 375.001 At31 DttEmbv 2023 D•prnd•tbo At I lanuory 2023 Ch•ry foTth•wr 3lJ31 S872 J2,131 5,872 At31 D¢¢qmb•r 2023 N•t book wl¥• At31 Dtcomber2023 At 31 D•cembtrX+22 7AZ7 Th• fre•hold land M•rfsllw M•knllNLWood and ts slat•d•tK%J99Ytslrwlue. Cons•u•i•rf•Dd t••qnc•prop•rty li •X¢dlN1théItwnts. 9 Flxed Asset Investments Fund5 Mark•t value l Jènuary 1023 RevaluUatssurplus Mirket 7Alue 31 D2(exbET2023 5J 17
PCC OF ST MARY'S WOODBRIDGE Notes to the Flnancial Statements for the year ended 31 December 2023 10 Debtors FuThls 2027 Tax recoveThbl• 3367 10 Other¢Jebl I[5¢ vrn¢d on nk¢F•¥ D•btsri•ndgr•p•ym•iits ?I.oFo Le11$ due at yÈ8rend TOTAL DEBTORS The licY due at the year end Is accouni¢d foras rquweO I911r pollcy 1.4. Probaie was iFin¢ed b•fornthe yew •ndandthÈ E¥¢cytor5 have provldtd a rdlable e¥iimare Of amount ID be ¥e(er¥Èd aftei The darof itt*seaccounts. 11 Credltors falllng due within one year rDT.'.{ 20:,: Futhds 2023 cru•bforuUllty and other casts J.J Orher ¢rgdnor5 P561 11391 2,969
PCC OF ST MARY'S WOODBRIDGE Notes to the Flnancial Statements for the year ended 31 Dernber 2023 12 Statement of funds The PCC hèsde$l8natedll furKtsduefrorn Hrylewyforthe upkery maln¢•narKeand hiy4rtr&mertalSt Mrfj How.rvJ Its IIAka¥twlththe thwth. •nd thélrpurpo¥e5 4rt:. Ch¢tr FuThl. lorthe rywlnten•nceof tholr m Ch•pter Futhd. lorChwthw4Ye aThl pleteto upktepsel¥l VesbnenthJnd-lorth•r•P•lr¥ repkncerneDt olvesknen Chuth Sound 5>te.10Tfhe maimenarKe 0lthethwthse syst¢m. tknn Fund.knrtpsto th• Churthw. Endty•m•rtlunth •rern4ulrtd thedr¥to hvethd•IthÈ0MeIp¢rtw4P•¢kObi1th The Endowment FuTrJ comwts•sSt. Ilow• Inw. mm•ryof•ll fur Fund N¢•Me •nd èxptrdYrt •n(tfln•l bil•ww•45 10kn.. iJ•rt2 Unrestrbcted Funds Generjl Fund De518n?fed FvrKI- St House pfolttt IP4ote 141 TQTAL GENEIW FUNDS 143.817 1ts028LI 12L624 651L 21.596 138.8791 658,ni 174114 1189JM) .Restrlrted Funds Grace Bwu851 Choir Fund B.262 16.706 In 428 8,863 16.032 455 958 IL6321 Chapter Fund Fab¢ Fund 4S5 3.302 71N28 832 Vestment Fund 832 Churrh 5wnd Systeni St M4rfsMgu proJe¢i Or8an Fund L115 IL1151 2J FUNOS Endowment Funds 5t. Marfs House 119.174 If4A76 314y3 314543 TOTAL PAR15H FUNDS ¥19V64
PCC OF ST MARY'S WOODBRIDGE Notes to the Financlal Statements for the year ended 31 December 2023 13 Net assets bylund Fwnds Tarlib fixed •55ets Flxed assets lTh¥estments 455 314.Y3 3)4990 Current a55•ts 771384 113.4YI 94556 Current liab¢liti¥ 113.6941 TOTAL W76 31450 IWJ64 14 St Marfs House Project In 2020 the PCCwaszd¥tsed been IEft • bIll1 tepcyml dEsWdthi •mourtttoth•51 M•rf How•Prol•rt io delop th• Unkw b•M••n St Marfs ond thechurth. By 31 Dtt•rr&w2013atotslof£768.61612021. £n2.0201 had be•n dBkntsd Intludlw •fUlrI1¢Y and Inter•A on desnd•POlirs. Ofthes•fubÉ109,s h•db•on ey•endtd ty31 Dttomber2tQ312022.. £710161 feo Uh•Ap•nd•l fvdS •t31 2023*rbwthdiO É651.72112022.. £65iQJ41.
CHARITY COMMISSION FOR ENGLAND AND WALES Independent examiner's report on the accounts Section A Independent Examinerfs Report Report to the trustees The Parochial Church Council IPCC) of the Ecclesialical Parish of St MaryThe Virgin, Woodbridge, SLrfFolk On accounts for the yoar ended 31 December 2023 Charity no (If any) 1129672 Set out on pages 2to21 I report to the trustees on my examination of the accounts of the above charity (Ihe Trust") for the year ended 31*t December 2023. Rè8ponsibilitie8 and basis of report As the charity's trustees. you are responsible for the preparation of the accounts in accordance with the requir8ments of the Charities Act 2011 {"the Act"). I report in respect of my examination of the Trust's accounts carrièd out under section 145 of the 2011 Act and in carrying out my examination. I have followed all the applicable Directions given by the Charity Commission under section 145(511bl of the Act. Independent examinerf8 8tatement I have completed my examination. I confirni that no malerial matters have come lo my attention in connection wth the examination (other than that disclosed below ') which gives me cause lo believe that in, any malerial respect.. the accounting records were not kept in accordance with section 130 of the Charities Act; or the accounts did not accord with the accounting records,. or the accounts did not comply with the applicable requirements conMIng the fomi and content of accounts set out in the Charities {Accounts and Reports) Regulations 2008 other than any requirement that the accounts give a Irue and fair, view which is not a matter considered as part of an independent examination. I have no Goncems and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper undetstanding of the accounts to be reached. Please the words in the brackets if they do not apply. Slgned: Dats: 2610712024 Name: Christopher Annis Relevant piofessional qualificationlsl or body lif any): FCA IER Oct 2018
Address: LB Group Advisory Limited (Ipswich) 80 Compare Crescent. Ipswich. Suffolk, IP2 OEH United Kingdom Section B Disclosure Only complete If the examiner needs to highlight material matters of conc6m (see CC32, Independent examination of charity accounts.. directions and guidance for examiners). Give here brief details of any itsms that the examiner wlshes to dlsclose. IER Oct 2018