2023 Annual Accounts Financ¢al Statements And A¢￿Unts vansn tynurcn OT Oi ts￿nenne am bi Yaui Pauls Lane Hoddesdon EN118TR www.hod¢Yesdonparishchurch.¢om 01992 462127 1 07776 659891 Registered Charity No.. 1121149 Page 1 of 29 The Parochial Church Council of the Parish Church of St. Catherine and St. Paul Pauls Lane Hoddesdon EN118TR Registered Charity No: 1129941 31 October 2023 - ￿lId Church in Welly Boots Hallowe'en 'Light and Bright. Event Annual Report Financial Statements and Accounts for the year ended 31 December 2023 Vicar. The Reverend Rachel Pennant (to 03 September 2023) BANK The Co-operatNe Bank PLC PO Box 101 1 Balloon Street MANCHESTER N19 3AL INDEPENDENT EXAMINER: Caladine Limited Chantry House 22 Upperton Road EASTBOURNE East Sussex BN211BF Hoddesdon Parish Church, St. Calheiine and Sl Paul, exists....... to wotship God. lo lead people to Christ. to build a loving Christian comn7unty and to serve a Wortd in need 2023 Annual Accounts Financial Statements And Accounts ansn tynurcn OT Oi knav￿rte ano bt Yaui Pauls Lane Hoddesdon EN11 8TR VhVW.hoddesdonparishchurch.com 01992 462127 1 07776 659891 Registered Charity No.. 1121149 Page 2 of 29 TABLE OF CONTENTS 3 AIMS AND PURPOSES Ob'ectives and Activities Our Mission Statement Our Vision Mission Action Plan 3 Achievements and Performance Worshi Church Activities Pastoral Care Mission Su ort Mission Action Plan Hoddesdon bell-A-Peal Links With Sc Catherine's School Work With Churches To ether Work With Love Hoddesdon Communications Church Buildin s and Garden 6 STRUCTURE, GOVERNANCE AND MANAGEMENT Electoral Roll PCC Matters Induction and Trainin PCC Secreta 'sRe Volunteers Safe uardin FINANCIAL STATEMENTS AND ACCOUNTS Inde endent Examiner's Re ort Statement of Financial Activities Balance Sheet ort 12-13 14 15-29 Notes to the Financial Statements Hoddesdon Parish Church, Sl. Catherine and St Paul, exists to worship Gixl. lo lead people to Chnsl. to build a loving Christian community and to serve a Worfd in need 2023 Annual Accounts Financial Statements And Accounts ansn tsnurcn or bi bats)enne ano bi paul Pauls La￿ Hoddesdon EN118TR www.hoddesdonparishchurch.com 01992 462127 1 07776 659891 Registe￿ Charity No." 1121149 Page 3 of 29 AIMS AND PURPOSES The Parochial Church Council {PCC) of St Catherine and St Paul has the responsibilty of co-operating with the incumbent. in Promoting in the ecclesiastical Parish, the whole mission of the Church, pastoral, evangelistic. soual and ecumenical. The PCC is also specifically responsible for the maintenance of the Parish Church of St Catherine and St Paul. the Churchyard and the Church Hall buiklings (Barclay Hall and Hunt RocNnl. Objectives and Activities Our Mission StstemenL" 'OuT church exists to vA)rship God.. to lead Fwle to Christ.. to build a loving Christian communty.. and to serve a worbj in need.. Our Values". 'We seek lo be a ¢ommunty that is generous in love". attentive in prayer.. courageous in hope,. accepting of others.. In our Mission Action Plan for 2023. our Prioritses were: 1. Growing a younger and more drvefse congregatKJn 2. Deepen relationships with people in need in the communty 3. Deepen the spiritual lrfe ofthe church 4. Enable the church to go further in addressing the issue of Climate Change and Care of CreatK)n 5. Develop the church building as a ¢ommunty space lo be proud of The PCC is aware of the Charity CoMmiss￿n'S guKlance on publ￿ benefrt and the advancement of religion., the PCC benefits the Ic¢al and wider communty by providing: Christian religious worship with one ser¥￿e each Sunday and a mhJ¥veek each Wednesday, as well as speck81 Festival Services, such as Christmas, Easter and Harvest. Services to mark lrfe milestones- Baptisms. Marriages and Funerals, as V￿11 as Bkssings for special Anniversaries. Services lo mark nat￿nal and gk)bal events. Opportunf(ies for spiritual grchvlh for church members and anyone vA)o wishes lo benefft from what the Church offers. Opportuntties for k)¢al schools to use the church for special events. wh￿h include families and friends. Fresh Expressions of church.. Messy Church and Wild Church for young farnilie5. and Table Top Churc for aduhs. Well-maintsined church buiklings and facilities for church and wider communtty groups lo meet and run activrties. Pastoral care and support for ￿pIe in the Parish. A quiet space for prayer, contemplation and meditation in the church. Achievements and Perfomiance We have been in Vacancy since the start of September 2023 and the Churchwardens. Administrator, Famity Link Worker and members of the Congregation have stepped up to work well together to keep the activities progressing. Hoddesdon Parish Church, St. Cathe17ne and St Paul, exists....... to worship G(xl. lo leadpeople to Chnst, to build a loving Christian community and to seTre a Wortd in need 2023 Annual Accourrts Financial Statements ArKI Accounts ansn inurcn OT bi LaInenr￿ ar￿ ii Yaui Pauls Lane Hoddesdon EN11 8TR wvM.hodd￿OnPansh¢hurc￿.¢Om 01992 462127 1 07776 659891 Registered Charity No.. 1121149 Page 4 of 29 Worship Our Sunday Services are at 10.'30 each week. On the first Sunday ofthe morrth, we have an informal Café Church. and on other Sundays y￿ held Atl-Age Communion setvices. During the Vacancy, we hold Joint Services with St Cuthbert's Church on a month. either at our Church or theirs. In 2023, there We￿ 8 Baplisms and one Conffimation. From January to December 2023. there have been 14 Funerals. 9 held in Church, and 5 heldat the Cemetery or crematC￿luM . There was 1 CommitLql of Ashes. During the past 3 years. there have been 8 Weddings in the Church. A mid-week Hoty Communion servi￿ is hekd each Wednesday at 10.00," it is much Valued by a regular group of about 11>12. sC￿e of whom canl come on a Sunday. If the Vicaf is away and we could not get cover for commUn￿n. we have a Se￿￿ of Moming Prayer, run by one of our Lay Leaders of Worship. We have 4 Church members who provide Htyne CommunN)n for those who are housebound. They go in two teams of two people, On￿ a month. Currently, there a￿ 4 peopk who receNe Home Communion. At Christmas, ￿￿ held a very successful Chrislingle Service". we ran specbal SeNces for the local 'Tiny Toes. Nursery and St Catherine's Nursery. and additionalty for the Clients of the East Herts Day Care Service. The Bishop of Hertford mintstered to us at our Mmlnighl COmmun￿n Semce on Christrnas Church Activilies Church mernbers fun a nUrn￿r of different activities. including the fdlowing:. Early Birds for Babies, Toddlers and their Carers. twice a week. Mothers Union - Hoddesdon Branch of this vKthde Christian Organisa￿n. meets twice a month and runs 2 annual fund-raising events. attended by comrnunty and non-members. Luncheon Club once a month for older peopk- Icomrnunty and church} Tuesday Group once a mcnlh for older peop￿ - social ts'me. a Speaker. actNities and annual Olrting Icommunty and church) Holiday At Home, a 44ay July event of aclivitw6, 3-course lunches and an Outing, for older people Icommunty and local Churches) g tidy and cared for. Pastoral Care Some church members are unable to attend church due lo ilkhealth or age. The Congregation is very supportive. Those who are sick a￿ prayed for weekty through our intercessions, and we have a Pastoral Care Group who mel three times in the year to discuss and pray for those in need. run by our Pastoral Enabier. Misslon Support The church supp)rts eight MissKfyn partners and four Mission organisations. through our Mission Support Group and are prayed for regularty thTough our Church Intercessions. A Mission News article is induded in each Church Magazine issue. Hc￿desd0n Parish Church, St. Catherine and St Paul, exists....... lo worship God, to lead people to ChA7St. to build a loving Christian community and to serve a Worfd in need 2023 Annual Accounts Financial Statements Arbd Accounts Yansn bnurcn OT bl LaU￿￿ne aTh] bi vaui Pauls Lane Hojdesdon EN118TR NM.hoth1esdonparish¢hurch.com 01992 462127 1 07776 659891 Registered Charity No.. 1121149 Page S of 29 Mission Action Plan Some of the achievements over the year in implementing the prh)rilies of the Mission Action Plan include". Attracting many familEs to Wild Church on six occasions during the year- February. April, Ju￿. August, October (Lighl and Bright) and December (Wild Church goes Nativtyl Successful Table Top Church in Morrison's once a mnth. for parents linked wtih V¥fjkl Church. Messy Church and Eady Bird5. Hoddesdon Bell-A4>eal Our Church's Ring of 8 John Wamer Bells VMS cast and hung in 1901. Atong with the mechanism. the Bells and the 1888 Bell Tower. are in great need of restora￿￿. renovation and refurbishment. The Bell-A-Peal Team organise several fijnd-raising events each year which are very FX)pular and well-SUFP)rted by Church members and the local community HOD DON BELL-A?EAL Llnks with St Catherine's Church of England Primary Sch¢)ol The Church works closety with St Catherine's School. The W￿r was going into the Schwl regularty to lead col￿t￿e Worship. which was continued after she left by three members of the Congregalbon. We have worked wrth the School to set up Prayer Spaces within the Church building and we run Messy Church in the school every month during temFtime. Mike Marsh has been joined by John Forrest and Jim Nicol￿ on the Board of Govern￿$. St Catherine s Work with Churches Together in Hoddesdon, Broxbourne and Womiley We have been involved with a number of projects which are run through s C h urchesTogelher. These include". The Hear4U Listening Team; Broxboume Foodbank: Wami Spaces., Grief Encounters Bereavement Support Group Work with Love Hoddesdon and the Business Improvement District The church enjoys involvement with local events which take place in the town. run by Love Hoddesdon. This year, we had open church on 7th May, as part of the CLsronation celebrations and we opened the church for hot chccotate and craft activrties during Hoddesdon Loves Christmas. We are a co-opted member Hoddesdon of the Hoddesdon Business Imwovement Distr￿1. Communications Our active websf(e and our &mail system are managed by members of the Congregation. Our WhatsApp Groups help to link people together and we have a Facebook page. Our Church Administrator works wf(h our Webmaster to keep the website upt¢>date with Noti￿S of Services and other Church Events. Streaming on Facetwk and Youtibe ceased once there was a Clergy va￿neY because there was a lack of personnel to administer the system. A Church Magazine is produced 10 times a year {double issues for July-August and December- January) which is postedlhand-delNered to 150 Feople in the community. most of whom do nol attend our- or any- church; it is sent electronicalty to Church Members who use e-mail. and available in paper fomi for others. A summary of PCC discussions is communicated verbalty at the Sunday Service following the Meeting, and posted on the Church Not1￿bOard for people to read. H(￿de$don Parish Chu￿h, Sl. Catherine and St Paul. exists....... to wotship God, to leadpeople to Christ, to build a loving Chn'stian community and to se￿e a World in need 2023 Annual Accounts Financial Slalements Accounts Yansn tsnurcn OT ai ialnenne ana bi vaui Pauk5 Lane Hoddesdon EN11 8TR WoWI.hoddesi1onparislKJ)ur¢h.ct*n 01992 462127 1 07776 659891 Registered Charity No.. 1121149 Page 6 of 29 Church Buildlngs and Garden Work is conlinualty being done to maintsin the Church Building. and ryjr two Halls - Barclay Hall and the Hunt Room. Deep ¢￿anIng was undertaken in the Barclay Hall kitchen (twice) and the Hunl Room Nursery kitchen. The organ was tuned and maintained in March and December The gutters were cleaned tW￿e (May and December). and the rwfs inspected. Repairs were made to the gutter above the church office and new li￿ fftted to the church roof north transept replacing damaged and thse ones. The Barclay Hall and Hunt Room were redecorated by volunteers from the Church Maintenance Team. All electrical equipmenl was PAT tested, in all three buiKling$. The PCC has applied for a Faculty to remove the pews in the church and replace them with chairs. to give mole flexibility of use to the building. A Gardening Team works on the Church Garden and Grounds once a month to keep them looking tidy and cared for. The Halls are hired oul ￿gU￿rIY to 20 kral communty groups which gives the PCC a significant source of income, which 15 augmented by cKcasional hirings for famity birthday parties and other celebrations. STRUCTURE GOVERNANCE AND MANAGEMENT The Parish Church of St Catherine and St Paul. is situated in Amwell Street. opposite Morrisons. in Hoddesdon, a fast- growing town ( with many new residents from North and East London) i n the Borough of Broxbourne. in the Diocese of St Albans within the Church of England. The correspondence address is: Hoddesdon Parish Church - St Catherine and St Paul Pauls Lane. Hoddesdon EN119TR E." admin@hoddesdonparishchurch.com The Ihree Parishes of Broxboume with Womiley, Hoddesdon and Rye Pafk cornprise the New River Group Ministry. established in 2007. The Group Ministy's ro￿ is to supwt each other in prayer and ministry and to develop common areas of working and sharing resources. while at the same time retaining independence as separate and distincl Parishes. The PCC is tojy corwrate within the Church of England: tt is govemed by the PCC Powers Measure 1956 and by the Church Representation Rules- the original CRR were established in 1969 and completety revised and re-wrttten in 2019. As such. the PCC was previously a charty. exempt from registration with the Charity Commiss￿n. but. in accordan￿ wilh the requirements of the Charities Act 2006. it was registered with the Charity Commissi)n on 02 June 21K19 under Registered No.1129941. Hoddesdon Parish Church, St. Catherine and St Paul. exists....... to wor3hip Gtxj, to lead people to Chnst. to build a loving ChrIst￿n communrty and to serve a Wortd in need 2023 Annual Accounts Financial Ststements And Accounts ansn bnurcn or oi bainenne a￿1 bt vaui Pauls Lane Hoddesdon EN11 8TR vh¥w.hoddesdonparishchurch.com 01992 462127 1 07776 659891 Registered Charity No." 1121149 Page 7 of 29 The method of appointment of PCC members is set out in the Church Representation Rules. At HoddesdonParish Church. PCC membership consists ofthe incumbent lour Vicail, Churchwardens, and members elected by those members of the congregation who are C￿ the Electoral Roll of the Church. All those who attend our Services and are regular worshippers are encouraged to register on the Electoral Roll and stand for election to the PCC. Electoral Roll Pam Fairbaim, Elecroral Roll Offi￿[ At present there are now 95 name5 on the Eworal Roll, 30 of whom are not resident in the Parish. Al the Revision in April 2024, 6 names were added and 9 names were removed, of the g names removed. 2 people have moved away and sadty, 7 people have died. PCC Matters The PCC recognises that. in the absence of expert kn(A¥ledge in rts own ranks. rt beneffts from being able to draw on the considerable knovledge and experien￿ of the Diocese in s￿h areas as le9al matters, accounting and rekK*rting, P￿nnIng and other aspects of managing land and buildings. including insurance. and in employment matters.11 has made use of this resource on a number of occasions. The full PCC met eight times during 2022 with an average Sevel of attendance of 770 PCC Members who have sepled at any time frcffl 01 January until 31 December 2023 are: Ex Officio members.. Incumbent.. Churchwardens: Reverend R&hel Pennant- Chair {until 05 Seplember 20231 John Everett- Lay Vice Chair from 11 September 2023 Linda Hinks Mike Marsh - Treasurer Alan GÉfford {from APCM 20221 HiLqry Marsh (from APCM 2023) - PCC s￿etary Irts Trew (from APCM 201912022) Jim Nthlson (to 26 February APCM 20231 John Roberts {from APCM 20231 John Rumble {from APCM 20231 Liz Galpin Ilo 26 February APCM 20231 Margaret Davison {from APCM 2022) Diana Forrest {from 11 September 20231 Ellie Perkins (from 11 September 20231 Paula Clark (from 11 September 20231- Safeguarding Officer Co-opted Elected members: ""Non-elected Members- filling 'Casual Vacancies, "A 'Casual' Vacancy ￿CUrS when the￿ are not enough nominated Candidates lo fill all the Vacancies on a PCC. A Candidate who fills a Casual Vacancy remains 8 PCC Member until the next APCM when he must sland down and be fonnally elected. Induction and Training of PCC Members.. Members are expecled to acquaint 1heMse￿eS wrth the resources availab￿ on the websf(es of toth the Chaiity Commission and the Dbc£ese of St Alban$, which cover the responsibilrties of Trustees and their Training. PCC members are resP)nS￿le for making decisions on all matters of general coTh￿rn and irnw)rtan￿ to the Parish. including decisions on hu•V PCC fvnds are to be spent. Given its wide responsibiltties, Ihe PCC sometimes delegates specrfic tasks retating to Church or Parish life lo suwroups who report back to the fvll PCC wilh pioposals for further discussK>n and subsequent adoption if appropriate. Hoddesdon Parish Church, St. Catherine and St Paul, exists ....... to worship G(0, lo lead people to Chnst, to build a loving Chnstian communty and to seThe a Wortd in need 2023 Annual Accounts Financial Statemen15 An¢J Accounts Yansn Lnurcn ov JT LaMe￿r￿ ana bi vaui Pauls Lane Hoddesdon EN11 8TR VAWI.hoddesdonparishchurch.com 01992 462127 1 07776 659891 Registered Charity No.. 1121149 Page 8 of 29 PCC Se¢reta '$Re rt Hilary Ma Forl know the plans I have foryou. declares the Lord, Plans for weffare and not f￿e¥ll. to gwe you a future and a hcpe.. [Je￿mI8h 29 11] 2023 has been challenging as well as'out-of-the-ordinary.. and Unpled￿ed (but. of course. we rare know what God has planned ts usl). The Revd Rachel Pennant. v￿ar of Hc#Jdesdon, was absent for 3 months on planned Extended Study Leave. The Churchwardens were responsible. assisted by the PCC and Church Administrator, for the smooth running of t1￿ church. Hoty Communion Services on Sundays were taken by visiting Clergy. and Archdeacon Janet MacKenzie took Hoty Week and Easter Day Services. Rachel's first se￿iCe after her return. was on 11 June. and a fortnwht kter. it was announced that she had been appointed ChapLqin to the Rt Revd Dr Gull Franci8-Dehqan, Bishtp of Chelmsford. The PCC had a last Meeting with her in Juty and her last serv￿ was on Sunday 05 September. to which many peop￿ from Churches Together and the Ictal communty were invi1￿J. Rachel was licensed at a Service of Choral Evensong in Chelmsford Cathedral on 06 September. attended by some of our Hryjdesdon Congregatv)n. after which Hcrtjdesdon Parish chU￿h was Off￿la11y 'in Vacancy,. Services during Vacancy.. Guided by the Bishop and Archdeacon of Hertford. the Churchwardens have been responsible for the day-tIHlay running of our Church. The major chaI￿nge has been finding 'coverf for Sunday AkAge CommunK)n Serwices. We are very grateful to Canon Nick Sharp. Vicar of St Cuthbert's, Rye Park. for welcoming our Congregation to a number ol his Sunday Hoty Communion Sepiices. as well as bringing his Congregation to worship with us in H￿Ide$dOn. PCC Membership.. Following the APCM in 2023, not all the PCC Vacancies were filled with elected lay Members. In this scenaTKI. the PCC may approach members of the Congregation to fill what are called 'Casual Vacancies,: Diana Forrest. Ellie Perkins and Pauk Clark were PTOFosed and attended their first PCC Meeting on 11 Septemiw. Their tenu￿ will cease al the 2024 APCM. when they can decide whether to be elected fornalty. Parish Profile.. The major task for any Church in Vacancy is the compilation of a'Parish Profile., which contains infomiation on the Church. as well as making it appeal to a prospective Candidate.. Contents include.. who we are, what we do- and how we do rt. our Worship 'stylelsl', Congregation demographi¢s', Church Activrties" links ￿￿th the lo¢al communty and Churthes Together. Church Halls and School," work wf(h children and young people: VKarage accommodalicn.. thal education facilrties.. environment.. the Diccese. our Wis￿n for the fijture ..... and - most imF¥xlantty - the qualities which we are seeking in our next Vicar. On 03 October. e￿Ven Church Members met for Ihe inilial Parish Profile Planning Meeting, lo discuss content - our Priorities and our Vision. We each tc#)k responsibility for a SFecrfi¢ aspect of the document. Diana Forrest Col￿ted all the information. By 21 December. the Group had agreed the wording in Version 8. H(Kldesdon Parish Church, Sl. Calherine and St Paul, exists ....... to w0￿h1p God, to lead people to Chnst, to build a loving Christian communrty and to serve a WLvld in need 2023 Annual Accounts Financial Slaternents . And Accounts Yansn bnurcn OT Ji Lalnenne ano Ji vaui Pauls Lane Hoddesdon EN118TR wM¥.hoddesdonpanSh¢hu￿￿.wm 01992 462127 1 07776 659891 Registered Charity No.. 1121149 Page 9 of 29 Infom)al Vacancy Meeling 16 November: For the first time. the Congregation was invited lo attend the fitsl part of the Meeting with Archdeacon Janet. Revd Chris Kilgour (Rural Dean) and Revd Mike Duff {Patronage Secretary for CPAS and the Peache Trust}. who outlined the Vacancy process. Unfortunatety. Bishop Jane of Hertford was unable to attend. In small groups. we discussed the folkming quest￿n$.. What brings you back. Sunday after Sunday. to this church? at is your Vision for your Church? What are the chaltenges for your Church? In the second part of the Meeting - for the PCC - Revd Mike Duff specified major aspects of the Vacancy procedure- Parish Profile. MAP, role of the 2 Parish Representatwes {lo be elected by the PCC al a 'Section 11, Meeting next year). advertising and Interview Day. CPAS ￿11 run the Process from slart lo finish for our Church. Apart from the Vacancy p[C￿esS. the PCC had r(Krtine Meetings wtth the following lopics discussed and addressed.. Children's Ministry Coronation Aclivty Sunday Curate's house- maintenance and repairs Eco Church Facutt￿S Famity Link Worker Funding Lay Leaders of Worship Mission Action Planning Mission Support All(￿atiOn PCC Policies Pews - disposal Safeguarding and Training Stewardship and Commitment Table-top Church Extended Study Leave: arrangements for HC and other SeNices during the W￿￿$ . &month absen Volunteers". Hoddesdon Parish Church empbys a Church Administrator, a Famity Link Worker. and Hallslchurch Cleaner. all of whom are part-time- the Organist receives an annual honorarium. All other lasks and activities are undertaken by Church Members who freety grve of Iheir lime and talents. Without their dedication, commilment, hard work and expertise, many of the tasks woukl not be achieved and the Church would not function effeclivety. To all our Volunteers a￿lStaff- THANK YOU SO MUCHI Safeguarding- Our Parish Safeguarding Officer is Paula Clark. The PCC takes its Safeguarding responsibilities very seriousty and has reviewed and adopted the Guidance from the Diocese and Church of EngL4nd. This means that all eligible Volunteers are subject to Disclosure and Barring ser¥￿e IDBSI checks and 'Best Practice. Guidelines provKled, Icgether with relevant Training. The PCC has also reviewed the Safeguarding Action PEan and the InfO￿atIOn contsined in the Safeguarding Hub regarding Church-led activilw. This year we ￿lebrated Safeguarding Sunday gNing a brief look into the responsibiltties of the Safeguarding Offi￿[ and what Safeguarding means to us as a communlty. During this year, many of our PCC and Volunteers needed to renew their DBS Checks and also their Safeguarding Training. We now have 27 members of our Congregation wrth ujrrent DBS Checks and 35 who have undertaken the Safeguarding Training. The appointed Parish Safeguarding Officer works to ensure that all Church mernbers understand that Safeguarding is a key elemenl of this Church's overall Mission with all Vulnerab* people. Hoddesdon Parish Church. St. Catherine and St Paul, exists ....... to worship God. lo lead people to Christ, to build a loving Christian communily and to se￿e a Wortd in need 2023 Annu81 Acc(Junts Financial Statements And Accounts Parish Church of St Catherine and St Paul Pauls Lane Hoddesdon EN118TR www.hcthesdonparishchurch.com 01992 462127 1 07776 659891 Registered Charity No.. 1121149 Page 10 of29 The PCC considers that this ReporL taken as a whole. provides 9vid9n￿ that the Achievements of tho Parish Church of St Catherine and St Paul, Hoddesdon, in 2023. furthered its Charitable Purposes for the public benefft: unlil September this year, the majority of Servlces were Ilve- stroamed and accessed on4ine IYouTube and Facebook}. giving opportunities for the wider communlty along wlth Church who are unable to attond because of varylng rnason8. to bonefit from worship. The PCC 1$ looking to recruit another tschnical team with tho relevant skills and expertlse for Ilve-stroaming Services in the futurn. Approved by the PCC and signed on theirbehalf by John Everntt L8y Vice Ch8ir/ Churchwarden NB All photos are used with pennission Hoddesdon Parish Church. St. Cath￿Ine and St Paul. exists ....... to wothip God, to lead wple to Christ, to build a k)ving Chirstian ¢xYnmunity and to $8The a W(xld in n88d 2023 Annual Accounts Financial Statements And Accounts ansn brwjrcn ffi bi tsa￿￿ne aTMI ai vaui Pauls Lane Hcthesdon EN118TR vM.hoddesdonparishchurch.cc4 01992 462127 1 07776 659891 Registered Charity No.. 1121149 Page11 of29 PARISH CHURCH OF ST CATHERINE ANO ST PAUL INDEPENDEKf EXAMINER'S REPORT TO THE PAROCHIAL CHURCH COUNaL OF PARISH CHURCH OF ST CATHERINE AND sr PAUL I report to the Parochkl Church Council on my examinat￿ of ihe finaficial statements of Parish of St Catherlne and St Paul Ithe Church) lor theyear ended 31 December 2023 as set wton pages 12 to 29. sihe Parothial Chyrch Councll of thechurth ale respwsible forthe prepar*KJn tsftheffin•rwlst¥temtnts in accordance w￿h ihe requlrements of the Charft*s Act 2011 Ithe 2011 Actl. I report in re¥>ert of my examinatth of the Church's finar￿1•1 strtemerbts r•rried txjt under settiofft 145 of the 2011 Act. In Carr￿n3 Out my examinatw I have folknved all the appknble DIrett￿n5 given by the Charity Commisslon under settbn 14515llbl tsf the 2011 ACL I￿Penderf wmlnerfsswemert Your attention ts drawn to the latt that the thorrty ho5 prepored ststements in whh Accountln8 and Reportlng by Charrtles prepar5n8 ihelr accounts in acCOrdar￿ with thÈ Finanoal Reporting StaTrdard appl*ab￿ in the UK and Republkol lieland IFRS 1021 in Prefe￿￿￿ toihe A¢¢wntinK and Reportin8 by Chorrtie5= Statement ol Recommended PractKe issued on l April I￿5 whKh is to in the extsrf wulatKJns but hès now bttn withdrown. I vnder5tond that this has been In order lor finarKial statew*nts to pro¥hJe a and falf view In accordance wlth General￿ AC￿pted Accountlng plac￿ effeai4tfty Ye￿)rtIngper￿mls on otafter ljawary 2015. I have compkned my examInat￿Tr. I confirn that Tro matters come to atteniiw In ￿￿neL*lon wlth the examlfiot￿jn 8iving me cause to belptve that in any material respect: accountint records were ncl kept In ofthe Church as requi￿ by Sec￿ 130 ofthe KIIIAtt; or the financ¢al staten*ntsdonot acmrd t*Mh those remrds: or the financial ￿￿eMentS do not compty with the app￿cab￿ reqU1￿ments COn￿l￿1n1 the fom and o)ntent of accounts set out in theCharitie5 (Accwntsand Reports) Regu￿t￿$ 2CI)8 other than any requirementthat the ac¢ounts gwe a twe and fair viewwhich is ￿ a matterconswjered as part ol an independent examinatw)n. I ho¥e no ¢onceins and have ¢im￿e auoss no other m•ttern irt connertvrb With the exominatw to whKh attent￿n shoukj b? drawn ITr thts report In orderto eTrab￿ a proper ￿nth￿and￿80[the finan¢ial statemÈnts to be w¢hed. 22 Upper￿￿ Ro•d Easiboyr Eèst Suim 81121 18F 1810712024 P8nsh ChiNch. St. Catheiine Sl Pad. extsts.. to ¥¥0￿￿￿ GLXI. to lead woÈVe to Chnst. io buld a Cltytslwi eLyTTh￿ty arnl to sorye 8 W(yAS 2V2J Annual AccoullTS Financial St*ments And Accounts ar￿￿ baTnenne ano Yaui Pauls Lane Hoddesdon EN11 8TR www.ho(l on invesiments 2.193 2.193 13.0741 Net IrKomellexpendltvrel 113.9411 111.6261 2.193 123,3741 115.4841 Transfers between funds 110.5591 10,559 Net mov*m¢nt infvnds 124.5(M)I 11.0671 2,193 123.3741 115A841 Reconclllatlon of fuThl Fund babnces Ot l Jan￿ry 2023 102.234 356,240 73,3C6 531.780 547,264 Fund bala￿e$ at 31 December 1023 355.ln 75.499 508.406 531.780 The statement of financial actvirt￿5 includes allzainsond h)sses recogni5ed in the year. All incomeand expenditure deriwe frorn ¢ontinuin8 artivities. H(xYdesdon Pansh Ch￿￿h. St. Catherine ar￿ St Paul, exists....... fo worship God, lo lead people to Chnst, to build a loving Christian ccffimunity and to seThe a Wortd in need £ULJ Annual Accoun Financial Statements And Accounts rartsn bnurcn ffl 241 arK) OE Yaui Pau15 Lane Hoddesdon EN118TR V•WW.￿)ddeSdonPari$hchuTch.cOm 01992 462127 1 OT776 659891 Kegistereo tynamy No." 1121149 Page 13 of 29 PARISH CHURCH OF ST CATHERINE AND ST PAUL srATEMEiif OF FINANCIAL AcnvmES ICONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2023 Prlorfinandal year Total funds 2022 fu 2022 funds 2022 2022 ' Inrorne frorn: Donations and legades charitab￿ ortivttie5 Other trading Investments 87.014 4.651 41.483 10.695 14.098 101.112 4,651 41.483 13.383 Total Income 143.843 16.786 1&).629 ExperKliture on: Ralsing funds Chartlable artivrties 25.548 117,025 .111 22,355 33.659 139,380 Total expendltuye 142.573 30.466 173.039 Net losses on invettments 13.0741 13,0741 Net Incomellexpendllurel and Irw)¥en￿ Infvnd5 1.270 113.6801 13.0741 115.4841 Reconciliation of fvThJ5= Fund balancesat l January 2022 369.9x1 76.380 $47.264 Fund balarKe5 at 31 Detynber 2022 102,234 3%.240 73.306 531.780 H(￿de$don Pansh ChU￿h, St. Catherine and St Paul, exists....... to wothip G￿￿, to le8dpeople to Christ, to build 8 loving Christian communty and to serve a Worfd in need 2023 Annud Accounts Financial Stateffents And Accounts Parish Church ot St Catherine and St Paul Pauls Lane Ht)Jdesdon EN118TR wvAv.hoddesdonparishchurch.com 01992 462127 1 07776 659891 Registered Charity No.. 1121149 Page 14 of29 PARISH CHURCH OF STCATHERINE AND ST PAUL BALANCE SHEEr A T31 DECEMBER 2023 Tangible assets Investments 14 227,120 75.499 235,101 73,306 302,619 308,407 Debtois Cash at bank and in hand 16 17.159 204,092 15.847 220,352 221.251 236.199 ilabllttk5 Creditors.. amounts falling duè wÉthsn one 17 I￿￿64> 112.8261 Net current assets 205,787 223,373 Total netasgets 531.780 Caphal fvnds Endowrnentfunds- general Intome funds Restricted funds Unrestrirted funds 75.499 73,306 355.173 77,734 356,240 102,234 Totsl tharltyfund5 531,780 The financial Statements on pages 12 to 29 were approved by the Parochlal Churth Coundl on ....-.................. and slgned on s behalf by John Everett lay Vlce Chalr Hilary Marsh Hoddesdon Parish Chuth. St. Catherine and St Paul, exists ....... to worship God, to leadpeople to Christ, to build a loving Christian c(*77munty and to seN8 a Wcvld in need VLJ Annual Accoun Financial Statements And Accounts ov ar￿ 01 fdui Pauls Lane Hc#Jdesdon EN11 8TR vp•M.hoddesdonparishchurch.com 01992 462127 1 07776 659891 trn of the Parochk?I Church Council in fLKtherarKeoftheircharrtable obiettwes. Restrkted fvnds are subjea to specrfic conditK•ThS by donors or 8rantors as to how they ma¥ be used. The PUTP(15e5 and uses of the restricted funds are5et out in the notes tothe financial statement5. Endowment funds afe subiett to specifk conditbons by donors that the capital must ￿ maintained by the Church. IA I￿orne Income is recognised when the Church 15 Itgalty entilknl to it aftei any performance conthf(wJns have been met. the amount5 can be measured relkibty. and it is Pfobable that income will Planned cash offerings. donatN)n% grants aThJ legac*s are recognised when recewed. Arnounts receNed for spe£rf￿ purw)sesaredÈah with as restittedlundsandthe litibilityftsrptyrnent ￿recognISed when the amounts are le￿Ned. Tax recoverab￿ underGift is r￿)k￿l$ed when donat￿n$ to whth ft ￿￿te$ a￿ rtter￿. H(xYdesdon Parish chu￿. St. Catherine and St Paul, exists....... to worship Gc¥Y. lo lead people to Christ, to build a loving Christian community 8nd to seNe 8 Wortd in need VLJ Annual Accoun Financial Statements And Account5 van5n wrcn OT oi ano Ji raui e9lSTereo Lnarffy No.. 1121149 Page 16 of 29 Pauls Lane Hoddesdon EN11 8TR www.hoddesdonparishchurch.com 01992 462127 1 07776 659891 PARISH CHURCH OF ST CATHERINE AND ST PAUL NOTES TO THE FINANaAL sfATEMENTS ICONTINUEDI FOR THE YEAR ENDED 31 DECEMBER2023 Acuurt1￿ p0￿cleS IContlrwJedl Incornelrtsmthe lettinKdhall wemi%e5andfvom freehdd premi5esi5 recognt5edon the accruals basis. It is showTr8ross, wtth the assoclated costs befjnglnduded in fundratsingcosts. Dividendsare acrounted forwhEn rereNed.' interest ￿ accounted foron the acuua15 basis. PCC Fees for weddings and funera￿ are accounted for on a 'net' basis. i.e. after deducting that element of the fees chargèd which beltsngs ￿al￿10 the DID￿5* and othei e*rnentswhKh are included in the tharge on a'passthiough, nil profSt' basis e.g. payments to iheorganiA. ch￿r. bell rlngers. ￿rKer& The procteds of InSuRn￿ ckims are fietted off aKoih5t the tost incurred in rertfying the dwna8e or1055 suffered. IS Expertdl￿re Expenditure is retognised oncetheTÈ ts a Wl ortonstTWtNe ¢)blWw)n to transfereconornk benefrt to a third pJrty, it 15 probable that a transfer of econ01n￿ benefit5 will be required in settlement, and the a￿Unt of the obligation can be measured reliab￿. The PCC is not rezisteredfor VAT and. acrordingty. expenditufe Includes VAT where approwate. Fundraisln nd￿t￿le Thi5 inCt￿leS amounts incurreil in obtaining d￿al￿)￿S and property maintenarKe cost& CharrLable ex ndlture This ¢omprises the Costs itstuf￿ in I￿￿1111￿% the Pcfs prin￿paI obieLt5, a5 LXrtlined in it5 knnual Report, and includes= paT￿h share payable to the DKKeses as the PCCS a55essed cOntribut￿n to the wo¥ision of the der8y in the Diocese. Grants and donation5 payal)le to third parties. Ltsual￿ miss•)ns. in furtherance ofthe PCf5 objetts- these are aicounted fvr when determined bythe PCC. Payrnents to third partiE5 of Te5trirted (olw￿n5 doTratw)ns made speoficalty for the benefrt of those fetipiÈnts. Costs a&S￿lated with church ser¥￿eS and other worship ond lelkM5hip aLtivitie5. Admini%tratNe ènd support costs. Goverr¢ance COSES. whKh are irKurfed sn meeting the PCC'S oblyiion fof public *counlabilityand compliance with regulat￿n. and in￿de the cost of the annual independent examination and the eMF*nses ol trustee rneeting 1.6 Tangible rued o55tts Tangible fixed a55ets are inrtralty measured at cost and sub5eqLbentty measured at (ost or Valu￿￿n. net of deprecwtion and any irnpairment losse5. Depreciation is reco£ni5ed so astowriteoff the(ostor valuathM ofassets lesstheir residualv3￿es over thelruselul lives on thÈ following basis.. Freehold land and t￿l￿￿1ng5 P￿nt and eqUIp￿￿nt 50years straight line 4110 years stfa¥ht line The gain or k)ss arising the d￿POSal ol an asset is dÈtem)in￿ as ihe drfference between the sa￿ PT(Keeds and the carrying value of the a55et. and 15 recogntsed in the staten*nt of financkl attNtties. Hoddesdon Parish Church. St. Catherine and Sl Paul. exists....... to wothip G(xl, lo leadpeople to Christ, to build a loving Christian communty and to serve a Worfd in need ULJ Annual ACCOUMS Financial Statements ArKI Accounts YarLW OT >i baU￿rIne aTh] tli ratsi Pauls Lane H(xldesdon EN11 8TR vhvw.hoddesdonparishchurch.com 01992 462127 1 07776 659891 Kegisierea Lnanty No.. 1121149 Page 17of 29 PARISH CHURCH OF ST CATHERINE AND 5T PAUL NOTES TO THE FINANCIAL ￿ATEmENTs (copinNUED) FOR THE YEAR ENDED 31 DECEMBER 2023 l A¢¢ourtir¥ Polic￿ Icontmweill Cor6ecrated land and bulldhy and mtyrtable ¢hwrh fvmtshirys Consecrated and beneficed property 15 excluded from the accwr¢ts by Sellion 10121 lal of the charIt￿&S Att 2011 and. therefo¥e. forms no pan oftheassets of the PCL mo¥eab￿Ch￿r(h uJnt*ntsate hekl bytheKar and churchwardens on special trust for the PCC and wuire a facuhy for disW)5al. They are considered by the PCC to be Inalienab￿ property. They are not valued or reco8nssed as fixed assets sn the Financial 5tatÈments. All expenditure orb consecrated or beneficed btsildings by way of malntenance or improvemeni or on the orqui5ition of rnoveable £hurch furni5hing5 15 written off when incurred. Other knd and bu51dSn Buiklin8S ¢)wned bythe PCC a￿ deprec￿1￿5 ￿ a 51ra¥ht4ine basi50ver So￿aT Other fixtures. rrttinKsand ewSpment Most ￿eMSoWned bythe PCC aredepretiated on a 4raiBht4ine twiso¥er Ioyears. Some itemswilldearfy have a useful lrfe of less than thi5 bLrt others will kst longer than 10 year& The PCC consHlÈrs th6t an ¢y4erall pefiod of 10 years is appropriate. CompLrters. other electron￿eqUiPment3thd software aTe wrrtten off over 4 yeor& Sjme indiv￿$￿41 r¢ern5 01 5rnall value ore written off aswr¥ent expendrture. 1.7 FLMed asset SrNestments Fixed asset investments are initialty rnea5vred at Iran5artw prKe e¥duding transatt￿ft costs. and are sub5egueTrtly measured at fairvalue at each reporting date. Changes in fair value are recognised in nÈt incomellempendrturel for the year. Transattion costs are expensed ès intuired. 1.8 Impalrn*ffl offlxed assets At each rÈport¥ng end date. the Church revws the carrying omounts of its tsoglb￿ assets to ddermine whether the is any indication that ¢h05e a55et5 have 5ufferedan impoirment bss. If any such indicatloll ￿5t5,the recoverable amount of the asset is estimated in orderto d￿erMIne the extent of the impairrnent105s Irf any). 1.9 Cash and (ash equNalents Cash and cash equN3lenlsindLKlecash in hond. depositshehlat callwith banks.other short4erm Ib]u#J investmentswith original maturr(ies of three months or less. and bank owerdrafts rfany. Bank o%trdTrft5 areshown within iK)rrowin85 in i.io rinancial instFuments The Church has elerted to apptytheprovtsions of Settion Il'BasitFinanci•l Irb5trumentg aTrd*t*)n 12'0ther Finaficial Ir151wrnents155ue5' 01 FRS 102 to all of its finanoal insiruments. Uskfvondolossets Idtscknedos Debtors on the Bokncesheetj These are stated at the settlerrEnt aTrK)unt due_ Prepoyrnents are Valued at the amtyjnt prepaKI. Bosicfmt7ncknifMbilit￿s I￿￿1)5ed05 Creifrtors on the BolontsShErtl These ère gated èt their settFerneTrt amount. Oeretotyrtiiion offvontitillA?bilities Financial Ik8bilities are dere£oKntsed when the Churdb'5 contrortual Obl￿t￿nSe¥ptre or are d4sch8rged or can￿lled. 1.11 Empklyee benrfrts The cost of any unused hol￿aY entitkrnent is rec(gntsed in the period in wh￿h the eMp￿￿e.$5erVin ate re¢ewed Termination benefrts are r￿08n￿ed immed*tety as an when the Church 15 dtmonstrabty cornmttted ttF torminateihe empk)ymentof an empwe OTto prry4MJe terrninat￿n benefft& Hoddesdon Pailsh Church, St. Catherine and St Paul, exists....... to worship God, lo leadpeople to Christ, to build a loving Christian c(¥nmunty and lo serve a Worfd in need v£J Mnnuai Accoun Financial Sl*emenls And Accounts var￿￿ knnurcn OT oi bawenne ano tli Yaui Pauls Lane Hcwjdesdon EN11 BTR vw.hoddesdonpari5hchurch.com 01992 462127 1 07776 659891 egi￿ere0 Lnar No.. 1121149 Page 18 of 29 PARISH CHURCH OF ST CATHERINE AND ST PAUL NOTES TO THE FINANaAL STATEMENTS {CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2023 Accourtin¥ pofKies IconliThJedl 1.12 Retlrement benellts pe￿lOr For el*ible salar￿d ernpbyee5 who comrne￿ed ernpkryft￿t after l January 2(bJ9. PCC participates in the Pensbn Builder Classit settion IPP£I of the Pension BLFiklÈr kherne. part of the Clwrch Workers PenS￿n Fund ICWPFI, which is administered by Church cf ETr8tsnd Pension5 Board. The ￿tter holds the assets of the Sche￿ seporately from those of the PCC and the othÈf participating empkryÈrs. It 15 tla$5ed a5 a defined benefrt scheme. P8C provides o pension for ffembersfor pay￿ent from retire￿Trt. accumulated ffom cot)trknutK)ns pa¥Y ano converted into a deferyed annuty durin8 empbyment based on terms set and bythE Chur(h of ETh8land Pensh)ns Board from t1￿ to tiffle. 0bstiet￿n3ry ifitW5es a150 be dedared, dependin8 UPM the ¢n¥*stmefit return5 Ènd other fattors. The￿ is no sUt￿NIS￿)ft of as*ts between emknrs in each seLtion of the pec ond it i& not. therefore. ￿SsIble to attribvte the stheme'5 assets and liabilit￿10 a 5pecrfK part￿patIng employer. The PCC is exposed to the actuarial risks associated with the current and lormer empbyees of other entit*s participating in the St￿me and the kgal structure of the scheme 15 such th* rf another ernployeT faiLs, the PCC coubj tecome resp)nsible lor payiTrg 3 Share of that employerfs penston IkAbilities. The PensKsns Board has, however. put measures in plate to mit4i*e those risks. The scheme is. thÈrelore. consKlered to bea muhi*mpk)yei xhemÈ. as de￿IlbE(s in Sertion 28of FRS 102. and. atcordinth. contributions are accounted for as ifthe schemewere a defined coTrtributk+nS scheme Avaluationolthe schemeiscarroed Outonce￿erythreev￿3r￿ The mst r￿￿£0Mp￿edSthemevaluatK1ts￿ascdrr*d out a5 at 31 Decernber 2022. Thi5 Teveabed. on theongoing a55umptK¥lls Used, a surplus 01 £34.8m. Currenttythere is T40 requirerrÉnt for ernpbye￿ to make defKtt payments. The PCC£ontributes 5% olbasKsaIaryandemployeesarerequi￿dto ¢ontrd>uteoTninirnurnolS*Therewere noarrears of contrtbutlonsas at 31 t*cember 2023 The PCC had 2 attNe members and 2 deferred member in the PCB at 31 Dei*m￿l 2023. Oitlcal actoundng estlmatesandl*ments In the appliCat￿n of the Church's arcovnting polw. the Parochial Church is rewlred to make judgement5. estimates and assumptions aknt the £arrying an￿nt of assets and Ibèbiir¢ie5 that are not readily apparent from otheT 50urtts. The estimates and 05XXWted assurnplx)n5 are based on historical exFerience and other factors th* are Ctsn5ideTed to be reknnt. Actual resuhs may drfferfrown these e5tirnates. The estIm￿eS and undething assumptKms are reviÈvJed on an ongtyng basi5. Reli5￿￿5 to ac￿ntIng estimates are recognised in the perilxl in whKh Ihe e5timale is re¥￿ed where the revision afferts OTh￿ that period. OT in the period of the revision and ftjture periLK15 where Ihe revision affect5 current and future period Hoddesdon Parish Church, St. Catheiine and St Paul, exists....... to WOA¥hip God, to leadpeople to Christ, to build a loving Chris&8n community and to serve a World in need VLJ Annual Accoun Financial Ststements And Accounts arLsn OT >i knauvine Yaui Pauls Lane Hoddesdon EN118TR vhvw.hoddesdonparishchurch.com 01992 462127 1 07776 659891 egi￿ere0 Lna No.. 1121149 Pa9e 19 of 29 PARISH CHURCH OF ST CATHERINE AND ST PAUL NOTES TO THE FINANaAL STATEMENTS {CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2023 In¢ome fNJm donatlonsand legades Uryestricted Restrirled nds fvnds 2023 2023 Totsl Unre51rirted Restrkled funds fund5 2022 Total 2023 2022 Donations and grfts Gfants receivable 80,771 7,501 88.272 lo.co) 86,764 250 4,098 lo￿K) .862 10.250 80.771 17501 98.272 87.014 14,098 101.112 Donatlons and glfts Pledged offerings Cash offering5 Bell Appeal Other donatKJns Gfft aid recoverable 55.488 2.495 55.488 2.495 6.697 62.555 1.630 62.555 1.630 2.262 7.595 16.820 6.697 804 2.262 I￿36 5.759 16.820 16.208 16.208 80.771 7501 88.272 86.764 4,098 9D,862 IKome from thalitsb￿4Éth1 Urtreslrxted UNestricled funds 2022 Z023 Fee Ir￿orne 2,285 4.651 In¢ome from other tradlngactlvitles Unre51ricted Unrestrkned funds lunds 2023 2022 Hall lellings Newsletter Income Club5 and otherthuich È*nts 34,971 1.081 35,148 1,606 4.729 Other traifin8activtties 41.440 41,483 Hoddesdon Parish ChU￿h, St Catherine and St Paul. exists lo wothip GIJY, to le8d people fo Chrisr, to build a loving Chrisban communRy and to serve a Wortd in rReed U£0 Annual Accoun Financial Statements And Accounts OT >T knauwine ar￿ >1 vaui Pauls Lane Hoddesdon ENI 18TR w￿.1￿lde$Llonpar1shch￿r¢h.¢OM 01992 462127 1 07776 659891 ￿e91￿ere0 bnarrty No." 1121149 Page 20 of 29 PARISH CHURCH OF ST CATHERINE AND ST PAUL NOTES TO THE FINANCIAL STATEMEMTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2023 Iw*m¢ from Investments Unreslrirted Restricted funds funds 2023 Totsl Unre51rirted Restrlcted funds funds Total 2023 ZOZ2 Rental income Dunn Trust income Quibell Trust Inco￿ Interest receivable 15A67 15.867 2.209 8093 8.899 1,088 1,600 1.796 2.209 3,169 3,169 1,796 19.036 2.209 21.245 10,695 13,383 Expendiiure on rtisin8fuh Totsl Unrestritted fund5 Re5trKted funds Total fvrmts 2022 2022 2022 Hall buiklings upkeep Curate's Nou5e upkeep Clubs and other church events Staff tosts Depreciat￿n arKI Impalmient I9.7(￿) 1.172 19.7 1.172 11.536 5.792 11.536 5.792 3.120 6.445 450 3.570 6.445 2.583 5.637 2.583 5.637 7.981 7.981 8,111 8.111 30.497 8.431 38,928 25.548 8.111 33,659 Hoddesdon Parish Church, St. Catherine and St Paul. exists ....... to worship God, to lead people to Christ, to build a loving chriSt￿n conmunty and lo serve a Woild in need £U£J Annual Accoun Financial Statements And Accounts ran5n OE kna￿¢￿ne arwJ OT Yaui Pauls Lane Hoddesdon ENI 18TR V*W.hoddesdonparishchur¢h.com 01992 462127 1 07776 659891 egi*ew unarr No.. 1121149 Page 21 of 29 PARISH CHURCH OF ST CATHERINE AND ST PAUL NOTES TO THE FINANaAL StATEMEKtS {cotinNUED) FOR THE YEAR ENDED 31 DECEMBER 2023 ch￿￿h *¢t￿rt￿5 Church aLtiwtie5 2022 Dirert Costs Staff costs Dloce5an Parish 5hate Clergy e¥pen5e5 Organisi Upkeep of church l)uiklinE5 Church serVi￿S Church artN1t￿$ NeW$￿tter 20MJ 68.417 2.092 1.2 15,965 3J06 L952 721 18.635 65.297 2.134 1.200 13,819 2.541 2.433 679 114.543 I(￿.738 Grant fvndingol actN[t￿5 (see note 91 10,705 11,073 Share of support and governan￿ r05ts1see note 101 S￿PPort Governan¢e 19,713 4.920 17.895 3.674 149,881 139.380 Anafysis byfub Uniestricted funds Restricted funds 126.976 22,￿5 117.025 22,355 149,881 139.380 H(xYdesdon P8rish ChU￿h, St. Catherine and St Paul, exists....... to worship Gc*Y. to leadpeople to Christ. to build a lovirKJ Chrisban communty and lo serve a World in need aL12J Annual AccounTS Financial Statements And Account5 or ba￿￿[Ine arMJ ai vaui Pauls Lane Hoddesdon EN118TR wwi.hoddesdonpari4hchur¢h.com 01992 462127 1 07776 659891 egisiew ¥nanty No.. 1121149 Page 22 of 29 PARISH CHURCH OF ST CATHERINE AND ST PAUL NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2023 Grants payable ch￿￿h Church at1ivitie5 2022 GTrnts to in5titutws: People International Lrfe Mission Aviation Fellowship All Nations Chrittian College Wyclrffe UK AIM International Operation Mobili5atiom Tear Fund Church Mission Sc<*ty H(xlde5don & Broxlxjurne 5etlinK5 Nlgefian Flood Relief lsobel Hosp SW 1,250 1.750 2.275 1,750 573 30 9.555 8.073 Grants to bndNKlua15 1.150 JO,705 11.073 10 Sypport tosts alltstated io adi¥rties 2023 2022 Staff costs Admlnistratlon and offKe expenses Photoropying and PFillting Telephone Internet and websrte GovefnaTrce costs I4￿68 IJM5 2,128 179 1.493 4,920 13.680 363 2.039 345 1.468 3.674 24.633 21,569 Analysed between: Church actwities 24.633 21,569 Hoddesdon Parish Church. St. Catherine and St Paul, exisfs....... to worship God. to lead people to Christ. to build a loving Christian ccfflmunty and to serve a Wolld in need VLJ Annual Accoun Financial St*ments And Accounts knnu1￿ crf JI ba￿￿ine aThJ ot raui egtsterea tynar No.. 1121149 Page 23 of 29 Pauls Lane Hoddesdon EN118TR vhvw.hodde5donpari5hchurch.com 01992 462127 1 07776 659891 PARISH CHURCH OF ST CATHERINE AND ST PAUL NOTES TO THE FINANCIAL sfATEMENTS ICONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2023 Support Costs allorated toa(Ir¥llie5 IContiNedl Z023 2022 IndÈpeTrdÈnt Èxamination Accountan£v PCC awayday expense5 1.080 1.920 674 4,320 4.920 3,674 li EmF4oyees The average rnonthty nurthrof ernpkryees durir% the yearwas: 2023 Plumber 2022 Ilumber Empwient costs Z023 2022 Wages and salaries Pension and lrfe insuran¢e¢osts 40.425 1.778 36,267 1.685 42.203 37,952 There were M employeeswhose annual remunw*K)n w05 ￿e than £60,(* Iz Galns and knsses on1Th4estn*nts Ertdow￿￿t EThlowme fund5 2022 2023 Galnslllossesl artsing c￿. RevaluatK)n ol inve51ments 2.193 13.0741 13 TaxatiDn The tharty is exempt from taxatK)n on its artMtie5 berav5e all its incorne ￿ applied for charitabk purposes. Hoddesdon Parish Church. St. Catherine and St Paul, exists....... to wothip God, to lead people to Chiist. to build a loviry Christian communty and to serve a Worfd in need V2J Annua Accoun Financial Statements And kcounts egisterea Lnar No.. 1121149 Page 24 of 29 Pauls Lane Hoddesdon EN11 8TR w*M.hoddesdonparishchurch.¢om 01992 462127 1 07776 659891 PARISH CHURCH OF ST CATHERINE AND ST PAUL NOTES TO THE FINANCIAL sfATEMEfr￿s ICONllNUED) FOR THE YEAR ENDED 31 DECEMBER 2023 14 Tan8lbte ftsed assets FrEeW Plwrtafftd Cost At l January 2023 405,554 66.657 472.211 At 31 December 2023 405.554 66.657 472.211 Depreciation and imp•irn*rt Al l January 2023 Depreciation char¥ed in the year 170,453 7,981 66,657 237.110 7,981 At 31 DerernbeT 2023 178,434 66,657 245.091 Net book value At 31 December 2023 227.120 227,120 At 31 December 2022 235.101 235.101 IS Flxed asset IrY4estments Vnfisted 1Th￿Ments 1rNeSt￿Nts rotal Cosl or Valuation At l January 2023 Valuation Changes 23.306 2.193 73.306 2.193 At 31 December 2023 25.499 75.499 Carrwng amount At 31 De¢embei 2023 25.499 50.( 75.499 At 31 Decemèer 2022 23.31 50,(( 73.306 2023 2022 lfivestments at falr va￿e £omprise= 1128 CBF Investmerst Fund VnÉt5 £50.(KKS NSB Income Bond5 25.499 23,306 50,(M)O 75.499 73,306 HYdesdon & Broxbwrne ttingsl Mosaic Project Rainbow Trèil Messy Church Other Dunn Bequest- Orgar¢lst retafjner & c￿¥Zy expenses 6.697 io io io.c 120.6051 10,559 813 910 813 910 300 550 287 324 1611 14801 2.209 12.2091 356.240 19.710 131,3361 10.559 355.173 Hoddesdon Parish Church, St. Catherine and St Paul, exists....... to worship Goy. to lead people to Chlist, to build a loving Chnstian community and to seThe 8 Worfd in need U£ts Annual AccLxJnis Financial Statements And Accourbts atb5n ￿aL￿ Pau15 Lane Hoddesdon EN11 8TR W4VW.hoddesdonparish¢hurch.cc 01992 462127 1 07776 659891 egi*ereo bnanty No. 1121149 Page 27 of 29 PAR15H CHURCH OF ST CATHERINE AND ST PAUL NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR EAIDED 31 DECEMBER2023 20 Resirirted IConlirK*dl At l Jarthry I￿om1VI Resour¢es rexi11r￿S expended Twar At31 2022 St Catherine's House Fund- Buikling5 St Catherlne's House Fufid- Cèsh Bell Appeal Leaver5 bible5 St Catherine. Prfjmary School Farnily Link Workef HA8S l+lodde5don & Broxkwrne Settingsl Mosaic Proleci Rainbow Trail Messy Church Other 243.212 18.1111 235.101 9).712 .712 25.798 2.262 28,060 io io 9.079 io.( 119.0331 46 913 15LKII 1901 813 910 300 205 126 287 Dunn 8eque5t- OTgani51 retsiner Quibell Bequest 11.0881 11,6(Kg1 369.920 16.786 130.4661 356.240 St Catherine'5 House FuThJ Thls comprises the Barclay Hall and Hurrt R(x)m5. the New Rooms lover the Huni R￿M51. 134 PlomeT Avenue (curate's housel and the net cash surplus derNed from the Sa￿ of St Catherine's Htxjse and the purthase of 134 Plorner Avènue in I￿8. These assets any capital feceipts deri¥ed f￿M theif disposal and any repkicement ￿setS purchased therefrorn afe held under a trust of whbth the PCC is the mana8ing trustee and the St Albans DicKesan Boaid of Finance 15 the 5todian trL¢Stee. Accordingty. theseassets must be treated asa restr4Etetl fvnd in the accoynts of the PCC. The intome arising from assets withirb the Fund 15 not restrKted and can be used for general PCC wrposes. In 2rx18, the PCC decided to alk)cate the incorne fromthe Ivrbdto a designated lund forthechildren's Famity Worker. latterwas cjosed Sn 2012 and the incorne is now allocated to the General Fund. The re￿￿t&S￿xpended in the fund durtng theyear ￿present the charge for depreciation on fvnd assets. Bell Appeal FurKI Thls was established in 2014. The ¢x)nditH)n of the bell in51amat￿n been of COTr￿rn lorseveral years. given that r( Wa5 approachingtwKe its predKled ma¥tmum useful lrfe111Syearsauualcompared with 60year5 maximum predictedl. Du¥ing 2014 Ehe PCC commissioned 3 spetialirt ￿11 iepair compaTrie5 lo irispttl the instal￿tIOn and Te£ommend what odion might be needed. These re￿rtS showed that the ringing rrttin8s had well othlwed their useful lrfe and recornmer¢ded their replocement, together with some refurbtshment of the bell frame. The bells themselves were still usable but it was also rec¢mmended that they be ￿rI￿Vat￿l and retuned as part of the retr4ngin8 pro￿55. Other non- Slrurtural renovation work on the tower i5 required, some of which can be carried out only with the belL8 remove6. The cost of this work is drfficuk to Pr￿*t atajratety at this stage, bul it coukl amount to £80.WO. The PCC authorised the attempt to Taise the netes5ary fund5, recognising that this WOL¢hJ be a bn8er-term projert. Sptead over many years, and thot the necessary work needed to be carfied out ai the time and not piÈtemÈal. A working group was set up oversee the projett and to rèi5e ftTrnds under the'Bell-A-Peal' banner. both through events ￿d. when sufficient money has been ra￿ed, ￿ apptyinglor grants from relevant 0￿￿1$￿t￿$. Hoddesdon Parish Church. St. C8thwine and St Paul. exisls....... to wonship G(xl, to lead people to Christ, to build a loving Christian community and to serve a W(Mld in need 2VLts Annual Accounts Financial Statement5 And Accounts rartsn knnurtn ￿ oi batnEnne ar￿ Ji Yaui Pauls Lane Hojdesdon ENI 18TR W￿M.￿)ddeSdonparishchurch.rX¥Tr 01992 462127 1 07776 659891 tr¢egi￿erett bnanry No." 1121149 Page 28 of 29 PARISH CHURCH OF ST CATHERINE AND ST PAUL NOTES TO THE FINANCIAL STATEMENTS {CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2023 Restrirted fvnds IcontiTh*dl Bell Appeal Fund Icort'dl In the event that ￿ does not prove 1x)ssib￿ to tsise suffkient hJnd5 10 fin8Th￿ the project, the rkw)ney so larwill be appl￿ 501ety to repairs and improbtments tothe Bell Tower. Famity Link Worker Grants and donatK)ns receNed specTfKaltytofund the employment of afamity link worker. Money given to the Pccto be appfiedfora specif*d purpose on￿. e.& Harvest and Christmas appeats. donat￿)￿S1orthe upkeep or refurbishment of the churth or hal&. colkrtK*ns at fvnerals for a charrty. Dunn & Qulbell Bequests The Dunn 8eque5t 15 a permJnent endowrnent which requi￿$ the Incor￿ to be spem wtthin the Parish in prov*JiTr8 3 fetainer for the services of an or8an6st and for meetlng the expenses of the and, acrnrdin8￿, 15 treated as re5trirted. The Quibell Bequest is a Fermanent endowment whKh requlres the income to be spent within the Parish. primariNf for meeting the expenses olthÈtlÈr8y and, atcordingty. i5tieated os restrKted. Theassets areheld in a seporate tnjstfund whKh is not controlled ￿ the PCC 21 Unrestrfcled furKIs The unre5trKted fvnd5 of the charFty cornpr￿ the unexpended baLantr5 of donat•)ns and whKh are not subject to spectfK conditions by donors and grantors as to how they may be used. These Include designated fvnds which have been set aside out ol unre5trirted fvnds by the tnJ5tee5 for 5FecrfK puT￿Se5. At l January IFKomln8 resourre5 expended Transfers Atai December 2023 Gerberol fvnds 102.234 143.532 1157.4731 110,5591 77.734 At l January Trander5 At31 resources expended December 2022 General funds 1th).964 143.843 1142.5731 102.234 Hoddesdon Parish Chutth, St. Catherine and St Paul, exists....... to Wo￿lP G(xl. to leadpeople to Christ, to build a loving Christian ccmmunty and to selve a World in need Yansn knnutWJ7 ¢)T OT OT Yail 2023 Annual Accounts Financial Ststements And Accounts Regislereil Ghanty No." 1121149 Page 29 of 29 Pauls Lane Hoddesdon EN118TR whw.hoddesdonparishchurch.com 01992 462127 1 07776 659891 PARISH CHURCH OF ST CATHERINE AND ST PAUL NOTES TO THE FINANCIAL STATEMENTS ICONTINUEDI FOR THE YEAR ENDED 31 DECEMBER 2023 22 Anaws of net assets beknveenfvnds Restiicted fvnd5 23 Erthwmert lunds Total funds 2023 2023 Fund balarKe5 it 31 OecembEr2023 are represented by. Tangible assets Investments Net current a55ets 227.120 227.120 75,499 20S,787 75.499 77.734 128.053 71.734 355.173 75.499 508,406 Etbjowmeni fvr Total lunds fur¥15 2022 Z02Z Fund balarKesat 31 Detember 1022 are b*. Tangible assets Investments 235.101 235,101 73.306 223.373 73.X Net current assets 102.234 121.139 102.234 356.240 531,780 Related p•rtytrangrfity No memberof the PCC reoNed any ￿eMu￿rat￿)n or benefrtsduring theyear fot being a tr￿ber of the PCC One12022= 11 member of the PCC was reimbjrsed tra¥ellin& entertainment. te￿Phone/br0adbano. tr4ininK and other expen5e5 arnounttng to E2,092 12022= f2.1341 duiingthe yeaf. Durin8 theyear. rnembersof the PCC made unrestitted donatM)ns totallini £12.010. There were no other dtsdOsab￿ iransactvjns in respett ol PCC mem￿1$. persons dosety connetted to them or other related parties. Hoddesdon Parish ChU￿h, St. Cathwine and & Paul, exists....... to worship Gol, to lead people to Christ, to build a loving Christian community