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← The Parochial Church Council Of The Ecclesiastical Parish Of Aldershot Saint Michael

2023-12-31-accounts

Charity Registration Number: 1130001

PARISH OF ST MICHAEL THE ARCHANGEL, ALDERSHOT

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31ST DECEMBER 2023

INDEX TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST DECEMBER 2023

PCC Information Page 1
Council Members Report Pages 2 to 10
Independent Examiners Report Page 11
Statement of Financial Activities Page 12
Balance Sheet Page 13
Notes to the Financial Statements Pages 14 to 19

Page 1

PARISH OF ST MICHAEL THE ARCHANGEL, ALDERSHOT

PCC INFORMATION

Principal Address

The Vicarage 120 Church Lane East Aldershot Hampshire GU11 3SS

Parochial Church Council Members

Members of the PCC are either ex officio or elected by the Annual Parochial Church Meeting (APCM) in accordance with the Church Representation Rules. As from April 2008 the membership structure was reorganised to form a PCC with each church having representation as freely elected by the members with no defined number of representatives from each church up to a maximum of 12 elected members.

During the year the following served as members of the PCC:

Vicar The Reverend Alwyn Pereira
Churchwardens Ursula Sutherland
Kieran Desmond Appointed 21 May 2023
Representatives on the Deanery Synod Alan Hilliar Resigned 8 February 2023
Barbara Fletcher Appointed 21 May 2023
Parish Clerk Val Renton
Representatives Ian Powditch
Alexandra Davidson
Linda Humphreys Deceased 13 September 2023
Sarah Warren‐Smith Resigned 21 May 2023
Jessica McCauley Resigned 21 May 2023
Michael Byron‐Thomas
Sean Barrington
Stacey Barrington
Michael Sutherland
June Milner Appointed 21 May 2023
Michael Le‐Marie Appointed 21 May 2023
Samuel Falcon‐Lang Appointed 21 May 2023
LLM Urs Johnston
Parish Secretary Ursula Sutherland Acting
Bankers Central Board of Finance NatWest Bank Plc.
of the Church of England 30 Wellington Street
St Alphage House Aldershot
2 Fore Street Hampshire
London EC2Y 5AQ GU11 1YJ
Independent Examiner Shaw Gibbs (Audit) Limited
Accountants
Wey Court West
Union Road
Farnham
Surrey GU9 7PT

PARISH OF ST MICHAEL THE ARCHANGEL, ALDERSHOT

COUNCIL MEMBERS REPORT

FOR THE YEAR ENDED 31[ST] DECEMBER 2023

We also plan for the redevelopment of the Ascension site (see 7 - Fabric).

2

1. Legal Status

The PCC is formed under the Church of England Assembly (Powers) Act 1919 and Parochial Church Council (Powers) Measure 1921 and currently regulated by Church Representation Rules Schedule 3 of the Synodical Government Measure 1969. The PCC is registered with the Charity Commission, charity number 1130001.

Some PCC members are elected at the Annual Parish Church Meeting. These elections involve members of the local congregation participating in the selection process in accordance with CRR. These elected members represent the broader church community and contribute to the decision-making process within the PCC (see 12. For more details).

2. Objects of the PCC

The PCC is responsible for co‐operating with the Incumbent in promoting, in the ecclesiastical parish, the whole mission of the Church, pastoral, evangelistic, social, and ecumenical. It also has maintenance responsibilities Measure 1969.

3. Committees

Standing Committee: This is the only Committee required by law. It has power to transact the business of the PCC between its meetings of that Body, subject to any directions given by the Council. Other Committees are formed as and when required.

4. Achievements and Performance

The PCC met 6 times since the last APCM. (Over the whole year of 2023 the PCC met on 08/02, 26/04, 15/06, 13/09, 21/10, 06/12).

As of 31st December 2023, there were 111 people on the Parish Electoral Roll for St. Michael’s, 21 for Ascension.

The Trustees have paid due regard to the requirements for public benefit and believe that the Charity provides opportunities for all. In doing so we have been intentional about practicing a culture of invitation and hospitality, and relationship building based on values of being God’s loving community here in Aldershot, in all our activities:

In collaboration with the Diocesan Mission Enabling Team an agreed Church Development Plan was drawn up in Oct. 22, as seen above with 3 priorities. The Table summarises the outcomes.

3

4.1 GROWING FAITH FOUNDATION INITIATIVE (GFF)– National Hub.

In January 2023 we were selected to be a national hub for the Church of England’s GFF initiative, working at the intersection of Home-School-Church, and awarded £10,000 as a 1[st] tranche of £20k. Our theory of change revolved around reaching Hard-to-Reach Groups (HTRGs) through crosscultural engagement, equipping the inherited congregation for effective discipleship and faith nurturing, and fostering quality relationships that led to increased inclusion in the worshipping community.

We were evaluated by the GFF leadership team in December 23 and they reported : “ It has been brilliant to see how St Michael’s has built meaningful relationships with its local schools amidst some very challenging times. It is really heartening to see the way in which the church has responded and offered support. We were also excited to see how the team has structured and adapted their FOMO service through listening to their local community and connecting church, household and school, particularly for a parish in an area of high deprivation. The way in which Alwyn and the PCC have sought to understand their community and the context within which they serve feels unique. Our visits and conversations have allowed us to hear how St Michael’s has grown their congregation to become younger and more diverse, introducing faith to many ’unchurched’ families. We hope that in year 2 Alwyn will be able to share some of his experience and learning around ‘understanding your context and building a church that is representative of your community’. We are really pleased to be funding this Hub for a second year and are delighted that Alwyn has clear plans on how the Hub might have further impact and bring about transferable learning that will benefit your Diocese and the wider Church of England.”

4

4.1 (a) FOMO (“First of the month only”) Intergenerational Service – CDP 1/2

This is our main, in effect ‘showcase’ Service. We have been pioneering this Service with the main aim to be completely intergenerational and intercultural.

This is a blended Service of the Traditional, sacramental robed-choir and the contemporary Charismatic. The attendance figures (see below) would indicate that this Service is more popular than the usual, more Traditional Service.

Average
Attendances
<16 >16 Total
Usual 7 57 62
FOMO 17 59 75
% diff 152% 4% 21%

4.1 (b) Drop in Café The café is supported by the School with the School Link Worker now in attendance. The Café on Thursday mornings runs from 8:30am to 10am to encourage anyone, but especially parents from St. Michaels’ schools to come in and chat. We have a fairly regular group of about 8 to 10 people who come and enjoy that fellowship.

4.1 (c) Schools The Junior School had an OFSTED report in March and SIAMS report (from the diocese), both of which found the school GOOD in all areas. This is an improvement and we give thanks for our school communities.

4.2 SERVICES AND CHRISTIAN FEASTS Lent and Easter 23 started with Shrove Tuesday pancakes and Ash Wednesday services at both schools as well as at church. This was the first time that all the school children received Ash crosses.

4.2 (a) Our Wednesday Congregation has been a steady 20 to 25 every week and a good many of them are staying on for Reflection Group afterwards. We have studied the Gospel of John chapter by chapter as well as a book for Lent in 2023.

4.2. (b) Both schools had Easter services at the church, which totalled 610 children and 207 adults.

Our Palm Sunday service was one of the best attended, with children waving palm branches as we processed into church from the tennis courts in Manor Park.

Easter Sunday 23 included the baptism of two adults by immersion and was a very special time.

5

4.3 ALPHA

We started an Alpha Course in October and cojoined this with a home group.

4.4 Our Christmas Fair this year, organised and coordinated most ably by Barbara, was held on 25[th] of November and was a great success. We had lots of people come across the threshold whom we have not seen in years and good connections were made. We raised £1253 on the day. Thank you to all who donated items, bought raffle prizes or hosted a stand. It was so much fun.

4.5 DELIVERING PASTORAL CARE – we define this as the “practical outworking of the church’s concern for everyday and ultimate needs of its members”

Our aim is to deliver care on an everyday connection level and upon the occurrence of significant events in addressing the needs of our Parishioners, within realistic expectations.

4.5.1 Safeguarding

Creating safe spaces and a culture of Safeguarding is one of our highest priorities. We have been working with the Diocese to ensure we have the right policies in place, and we appointed Catherine Njenga as the new Safeguarding Officer in December 22. (Ursula has remained as PCC Safeguarding liaison.)

Equally, the PCC have complied with the duty to have “due regard” to the House of Bishops’ Guidance In Relation To Safeguarding . Safeguarding information is clearly displayed throughout the church and Parish Rooms. We have ensured that everyone who is in contact with children, youth or vulnerable adults has been trained in Safeguarding and been DBS checked. There have been no concerns that were shared with congregation members in 2023.

4.3.2Visiting/Healing Groups/Bereavement

We have supported and cared for many families who experienced the death of loved ones. Our thanks and gratitude go to our Lay Pastoral Team led by Urs Johnson, under my oversight. Although Home visits and visits to Nursing Homes remained tightly regulated and controlled, Homes like Ticehurst expressed their thanks and gratitude for the ministry of Barbara Fletcher and Clem Beevis.

We also had a dedicated group who prayed for God’s power through Healing – Healing Group ; we are very grateful for John Eyers’ leadership in this area, along with Angela Horton .

6

4.6 Occasional Offices

Baptisms, Weddings and Funerals are the 'Occasional Offices' of the Church of England. They are services which are offered to every person living in the Parish.

We conducted : Baptisms: 22 (12 babies; 7 toddlers under age four; 1 Primary school age; 2 adults);

Weddings: 4, Renewal of Vows: 2

Funerals: 14 at St. Michael’s, 2 at the Crem, 1 burials of ashes.

Crem Service was held on 26/02 for 48 people, a memorial service on 01/11 for 52 people.

4.7 Easter, Harvest & Christmas Services

115 people attended our Easter Vigil and Easter Day Services

300 children and 105 adults attended the Harvest service with the Infant school on 6th October

Crib service 24th December: 40 children, 90 adults

3 Christmas services for schools: 596 children and 161 adults

257 People attended services on December 24th (Crib service, midnight service) and on 25th (Christmas Day)

4.8. ECUMENCISM /CHURCH UNITY

We joined in the Good Friday ‘Walk of Witness in the Town. We also joined together with Holy Trinity Church for a Passover meal on Maundy Thursday evening,

We host the Aldershot Churches Together prayer meeting every Monday evening during term time and some holidays.

We host Filippino Church, Christ is Our Rock, who started meeting on Sunday afternoons at 3pm at St. Michael’s.

4.9. COMMUNITY ENGAGEMENT /FUND RAISING

Coronation of his Royal Highness King Charles III. We hosted a Celebration and invited the parish to come and join.

4.10 YOUTH GROUP

We are pleased to have two youth groups : 11-16 (about max 15 attendees) who meet weekly during term times and a Fresh expression youth group comprising of the 16-18 age group numbering around 120 teenagers. They all meet at Vicarage.

7

5. Financial Review

Our total income increased by 27% from £129,097 to £163,412 driven in the main by income from Charitable Activities (IFCA) in renting out Ascension House and sub-letting Churchlands, but also incremental increases in planned giving (+12%), gift aid and collections, and appeals.

However, our expenditure on charitable activities increased by 34 % from £119,284 (2022) to £160,772. The four biggest outlays were: Ministry costs £50,306 (mainly Parish Share £15,000 which was from unrestricted funds and Discipleship/Mission £32,871 which was from restricted funds); Refurbishment and repairs £37,130; utilities £25,389; and Governance/Administration £27,833.

It was a joy to be able to support some impactful and worthy causes to the amount of £8,150, around 10% of our unrestricted income. We were able to make significant differences and partner with God’s mission.

The Balance Sheet shows £43,676 in unrestricted funds, and £62,012 in the restricted funds. The PCC does have cash and short-term investments of £102,979 which include the restricted funds. Despite the challenges of contributing to Parish Share this year, the PCC is committed, in faith, to meeting the Parish Share for 2024. The Diocese has been extremely supportive.

The PCC plans to:

•Building up the unrestricted funds so that they can be used for planned activities – our plans are not impeded, and we have grants pledged in to help with heating.

• Running fundraising campaigns.

6. Plans for Future Periods

Our Missional plans will be delivering our Church Development Plan and fulfilling the Growing Faith Foundation criteria. The latter has pledged the second tranche of £10,000.

Essentially, we will focus on building capacity and development work on our buildings so that they can be inspiring spaces of welcome, wellness and worship. We are looking forward to the development of the Ascension Church site. We want our buildings to be safe, environmentally-friendly, accessible spaces where people can gather and have their physical, mental and spiritual needs met.

In terms of capacity building we will need to build on:

8

VII. Building Community: - developing Play café, a café, events like community BBQs, lunches, building our networks and contacts;

We will need to employ more volunteers and staff.

7. Fabric Improvements

-The following repairs and improvements are being considered at St Michael’s: The re‐ordering of the church; the organ space and levelling the floor.

-After carrying out due diligences and evaluating the new proposal from KLD Co.Ltd. Developers to develop the entire Church of the Ascension site the Parochial Church Council has triggered the Church Closure Process through the Church Commissioners. An agreement of a Memorandum of Understanding was reached between the PCC and KLD Co.Ltd. This document (with the proposed plan and schedule) was sent to the Diocese at Bishop’s Council for approval and to start the Church Closure under the Pastoral (Church Buildings) Scheme with the Church Commissioners. The Bishop’s Council meeting is in March.

8. Investments

We have £62,012 in Restricted funds including: Community Building, Youth Work, Communications, Discipleship Fund and Growing Faith Foundation.

Unrestricted Funds are general funds which can be used by the PCC for general purposes.

9. Reserves Policy

It is PCC policy, in principle, to endeavour to maintain a balance on general reserves to meet six month's unrestricted payments.

10. Risks

The major risks to which the PCC is exposed, as identified by PCC members, have been reviewed and systems have been established to mitigate those risks.

11. General

The financial statements comply with current statutory requirements, the requirements of the Statement of Recommended Practice and the Charity's governing document.

12. Members Appointments and New Members Proceedings

Members of the Parochial Church Council are elected each year at the Annual Parochial Church Meeting. Each member is normally elected for a period of three years, on a rotative basis, to ensure continuity over a three‐year cycle. New Members are appointed for shorter periods to cover vacancies when they occur. All new members must personally satisfy and be proposed and seconded in line with the Church Representation Rules, to be able to serve on the Council. Ex‐officio members of the PCC include the Deanery Synod Representatives, the Churchwardens, and the Parish Clergy.

13. Council Members Responsibilities

The Council Members are required to prepare, for each financial year, financial statements which give a true and fair view of the state of affairs of the PCC and of the results for the period. In preparing the financial statement the council members are required to:

prepare the financial statements in actordance with the methods and principles set out in the Statement of Recommended Practice Accounting and Reporting by Charities and to state whether the accounts have been p￿pared in accordance with that statement and applicable accounting stsndards and prepare the financial statements on the going con￿rn basis unless it is inappropriate to presume that the church will continue in operation. The Council Members are responsible for ensuring proper accounting record5 are kept which disclose. with reasonable accurary at any time. the financial position of the PCC. They are also responsible for safeguarding the assets of the PCC and hence for taking reasonable steps for the prevention and detects.on of fraud and other irregularrties. Slgned The Reverend Alwyn Pereira Date: io

F*r&art

Page 12

PARISH OF ST MICHAEL THE ARCHANGEL, ALDERSHOT

STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31ST DECEMBER 2023

Notes
INCOME FROM:
Donations, Grants and Legacies
2
Charitable Activities
3
Other Trading Activities
4
Investment Income
5
Other Income
6
TOTAL INCOME
EXPENDITURE ON:
Expenditure on Raising Funds
7
Expenditure on Charitable Activities
8
TOTAL EXPENDITURE
NET INCOME/(EXPENDITURE) BEFORE
OTHER RECOGNISED GAINS OR LOSSES
Unrealised Gains/(Losses) on Investments
Realised Gains/(Losses) on Investments
NET INCOME/(EXPENDITURE)
TRANSFERS BETWEEN FUNDS
NET MOVEMENT IN FUNDS
FUNDS AT 1ST JANUARY 2023
FUNDS AT 31ST DECEMBER 2023		 2023
2023
2023
2022
Restricted
Unrestricted
Total
Total
Funds
Funds
Funds
Funds
£
£
£
£
56,064
64,437
120,501
108,799
11,000
19,318
30,318
9,600
‐
3,297
3,297
5,728
‐
3,795
3,795
1,188
‐
5,501
5,501
3,782
67,064
96,348
163,412
129,097
‐
10,654
10,654
1,276
79,489
81,283
160,772
119,284
79,489
91,937
171,426
120,560
(12,425)
4,411
(8,015)
8,537
‐
(79)
(79)
‐
(79)
(79)
‐
(12,425)
4,253
(8,173)
8,537
6,393
(6,393)
‐
‐
(6,032)
(2,140)
(8,173)
8,537
68,044
45,816
113,860
105,323
62,012
43,676
105,687
113,860

The statement of financial activities includes all gains and losses recognised in the year.

All income and expenditure derives from continuing activities.

The notes on pages 8 to 12 form part of these accounts.

431 17 57JM)J 84.715 43ffl6 45M Thefi i8irlioi

Page 14

PARISH OF ST MICHAEL THE ARCHANGEL, ALDERSHOT

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST DECEMBER 2023

1 Accounting Policies

a) Basis of Accounting

The financial statements have been prepared under the historical cost convention of accounting except for the valuation of investment assets, which are shown at market value at the balance sheet date.

The financial statements have been prepared to give a 'true and fair' view and have departed from the Charities (Accounts and Reports) Regulations 2008 only to the extent required to provide a 'true and fair' view. This departure has involved following the Charities SORP (FRS 102) published on 16 July 2014 rather than the Accounting and Reporting by Charities: Statement of Recommended Practice effective from 1 April 2005 which has since been withdrawn.

The financial statements have been prepared in accordance with the Church Accounting Regulations 2006 together with applicable accounting standards (FRS 102) and the Charities Statement of Recommended Practice (SORP) 2015.

The PCC constitutes a public benefit entity as defined by FRS 102.

The accounts are presented in GBP to the nearest £1.

The principal accounting policies and estimations techniques are as follows: b) Funds General funds represent the funds of the PCC that are not subject to any restrictions regarding their use and are available for application on the general purposes of the PCC. These include funds designated for a particular purpose by the PCC. Details of the nature and purpose of restricted funds are shown in note 20 to the accounts. c) Income

All income is included in the Statement of Financial Activities (SOFA) when the PCC is legally entitled to them as income or capital respectively, ultimate receipt is probable and the amount to be recognised can be quantified with reasonable accuracy. Donations, Legacies and Similar Resources i) Collections and Donations are included in the financial statements when received by or on behalf of the PCC. ii) Planned giving receivable under covenant is included in the financial statements only when received by the PCC. iii) Income tax recoverable on covenanted and gift aid donations are accrued to November each year and claimed every four months. iv) Legacy income is accounted for when receivable. v) Grant income is accounted for when receivable.

Income from investments, including interest received, is accounted for when due.

Funds raised by the fete, bazaars and similar events are accounted for gross.

Costs of generating funds and governance costs are accounted for when payable and include irrecoverable VAT. e) Fixed Assets Consecrated and benefice property is not included in these financial statements. f) Investments Investments are valued at their closing market value at the Balance Sheet date. Any gain or loss on revaluation is taken to the Statement of Financial Activities.

g) Taxation As a qualifying charity, the PCC is not liable to UK taxation. g) Cash flow As a non‐large charity, the PCC is permitted to exclude a cashflow note.

Page 15

PARISH OF ST MICHAEL THE ARCHANGEL, ALDERSHOT

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST DECEMBER 2023

2
Income from Donations and Legacies
Donations
Donations ‐ giving by bankers order
Income tax recoverable via Gift Aid
Donations ‐ giving by envelope
Collections at all services (including non Play Café Sumup)
Donations, appeals and wall safe
In 2022 there were restricted donations of £36,520.
Grants received
Parish Clerk Endowment Fund
Rushmoor Borough Council
Growing Faith Foundation
Rushmoor Warm Bank
Guildford DBF heating
Rushmoor Church yard
Other
In 2022 there were restricted grants of £13,960.
Total Income from Donations and Legacies
3
Income from Charitable Activities
Rent Ascension House
St Michael's hall lettings
Rent Discipleship House (Churchlands)
Fetes, bazaars etc (fund raising)
Play Café (Cash and Sumup)
Books
Refreshments
Candles
In 2022 there were no restricted lettings.
4
Income from Other Trading Activities
Fees
In 2022 there was no restricted income.
5
Investment income
Dividends
Investment Income		 Unrestricted funds
Restricted funds
TOTAL
2023
TOTAL
2022
£
£
£
£
30,583
‐
30,583
29,370
10,622
5,750
16,372
9,924
5,162
‐
5,162
7,453
9,150
‐
9,150
4,250
8,920
31,374
40,294
42,435
64,437
37,124
101,561
93,432
Unrestricted funds
Restricted funds
TOTAL
2023
TOTAL
2022
£
£
£
£
‐
3,000
3,000
3,000
‐
‐
‐
1,407
‐
10,000
10,000
‐
‐
4,300
4,300
‐
‐
1,000
1,000
1,844
‐
640
640
‐
‐
‐
‐
9,116
‐
18,940
18,940
15,367
64,437
56,064
120,501
108,799
Unrestricted funds
Restricted funds
TOTAL
2023
TOTAL
2022
£
£
£
£
12,252
‐
12,252
9,600
1,750
‐
1,750
‐
‐
11,000
11,000
‐
1,554
‐
1,554
‐
2,263
‐
2,263
‐
749
‐
749
‐
595
‐
595
‐
154
‐
154
‐
19,318
11,000
30,318
9,600
Unrestricted funds
Restricted funds
TOTAL
2023
TOTAL
2022
£
£
£
£
3,297
‐
3,297
5,728
Unrestricted funds
Restricted funds
TOTAL
2023
TOTAL
2022
£
£
£
£
14
‐
14
‐
3,781
‐
3,781
1,188
3,795
‐
3,795
1,188

In 2022 there was no restricted income.

Page 16

PARISH OF ST MICHAEL THE ARCHANGEL, ALDERSHOT

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST DECEMBER 2023

6
Other Income
Sundry income
Chairs (sales of)
Insurance Claims
Utility Rebates
In 2022 there was no restricted income.
7
Expenditure on raising funds
Ascension House costs
Hall Costs
In 2022 there was no restricted expenditure.		 Unrestricted funds
Restricted funds
TOTAL
2023
TOTAL
2022
£
£
£
£
‐
‐
‐
3,782
2,485
‐
2,485
‐
2,501
‐
2,501
‐
515
‐
515
‐
5,501
‐
5,501
3,782
Unrestricted funds
Restricted funds
TOTAL
2023
TOTAL
2022
£
£
£
£
10,654
‐
10,654
1,128
‐
‐
‐
148
10,654
‐
10,654
1,276
8
Expenditure on Charitable Activities
Missionary and charitable giving (see Note 9)
Ministry costs (see Note 10)
Refurbishment and repairs (see Note 12)
Church service consumables
Clergy cover
Refreshments
Utilities (Gas, Electric)
Water
Telephony
Licences/service contracts
Cleaning supplies
Insurance Premiums
Events costs
Bank Charges
Governance Costs (see Note 13)
Housing Support
Travel		 Unrestricted funds
Restricted funds
TOTAL
2023
TOTAL
2022
£
£
£
£
8,150
‐
8,150
8,589
17,435
32,871
50,306
(10,301)
12,233
24,897
37,130
68,304
936
‐
936
389
170
‐
170
‐
75
‐
75
‐
20,089
5,300
25,389
6,554
885
‐
885
‐
546
‐
546
‐
1,087
‐
1,087
‐
379
‐
379
‐
6,438
‐
6,438
3,914
214
731
945
860
503
‐
503
902
12,143
15,690
27,833
33,900
‐
‐
‐
5,600
‐
‐
‐
573
81,283
79,489
160,772
113,111

In 2022 there was £36,654 restricted expenditure on charitable activities.

9
Missionary and Charitable Giving
Uganda orphanage via Joy Tugumisirize
Nepal ‐ Focus on Christ Church in Pokhara
Ukraine ‐ New Beginning Church
The Source Young People's Charity
Grub Hub Aldershot
Cross Border Initiatives anti‐trafficking
Barnabas Aid
Aldershot Churches Together
PCC of Rowledge
Gurnell Group
Royal School
St Cecila
Childrens Society
RNIB
Red Cross
Barnardos
Farnborough Donation
Holy Trinity
Home Start
Mission work costs		 Unrestricted funds
Restricted funds
TOTAL
2023
TOTAL
2022
£
£
£
£
2,000
‐
2,000
‐
1,500
‐
1,500
‐
1,000
‐
1,000
2,000
1,000
‐
1,000
‐
1,000
‐
1,000
‐
500
‐
500
‐
500
‐
500
‐
500
‐
500
‐
150
‐
150
150
‐
‐
‐
2,000
‐
‐
‐
110
‐
‐
‐
67
‐
‐
‐
282
‐
‐
‐
274
‐
‐
‐
100
‐
‐
‐
800
‐
‐
‐
15
‐
‐
‐
200
‐
‐
‐
500
‐
‐
‐
2,091
8,150
‐
8,150
8,589

In 2022 there was restricted expenditure on missionary and charitable giving of £2,500.

10
Ministry costs
Diocesan Parish Share
Vicar's expenses
Discipleship/Mission
Training courses
Speaker
Books		 Unrestricted funds
Restricted funds
TOTAL
2023
TOTAL
2022
£
£
£
£
15,000
‐
15,000
(10,301)
1,142
‐
1,142
‐
‐
32,871
32,871
‐
77
‐
77
‐
240
‐
240
‐
976
‐
976
‐
17,435
32,871
50,306
(10,301)

In 2022 there was no restricted expenditure on ministry costs.

In the prior year the Parish Share arrears of £89,051 were no longer contractual. This liability was released against the cost for the year of £78,750, reducing the cost to £(10,301).

Page 17

PARISH OF ST MICHAEL THE ARCHANGEL, ALDERSHOT

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST DECEMBER 2023

11 PCC Representatives' Remuneration

During the year, no remuneration was paid to the PCC Representatives (£nil ‐ 2022).

12 Refurbishment and repairs (Improvements)

Chairs
Bell Tower
Repairs
Safety, Fire, Health
Churchyard		 Unrestricted funds
Restricted funds
TOTAL
2023
TOTAL
2022
£
£
£
£
‐
16,468
16,468
‐
‐
5,374
5,374
‐
5,016
2,415
7,431
67,104
6,206
‐
6,206
‐
1,011
640
1,651
1,200
12,233
24,897
37,130
68,304

In 2022 there were restricted refurbishment and repair costs of £26,014.

13
Governance Costs
Admin Assistant
Virtual PA
Printing
Stationery
Accountancy
Legal and Professional (including DBS checks)
Architect
IT costs
Other fees
Cleaner
Independent examiner's fees		 Unrestricted funds
Restricted funds
TOTAL
2023
TOTAL
2022
£
£
£
£
50
8,195
8,245
12,121
‐
7,000
7,000
6,600
1,605
‐
1,605
218
603
‐
603
‐
414
‐
414
1,656
42
‐
42
812
3,632
‐
3,632
‐
‐
495
495
541
‐
‐
‐
9,878
3,517
‐
3,517
‐
2,280
‐
2,280
2,074
12,143
15,690
27,833
33,900

In 2022 there were £8,140 restricted governance costs.

14
Staff costs
Wages and salaries
The average number of staff in the year was 2 (2022: 3); the full time equivalent number of staff was 1 (2022: 2).
There were no employees receiving remuneration in excess of £60,000 per annum.
Staff costs are restricted.		 TOTAL
2023
TOTAL
2022
£
£
11,762
18,721
15
Tangible Fixed Assets
Cost at 1 January 2023 and 31 December 2023		 Freehold
Property
Total
£
£
‐
‐

The freehold property at Ayling Hill, Aldershot was valued at £370,000 at 31 December 2023 by Fosters Estate Agents. The house has previously been used to house the curate, the house is owned by St Michael’s and the Ascension PCC, but is in Trust with the Guildford Diocese. Permission has been given by the Diocese to rent the property on a temporary basis.

16 Fixed Asset Investments

Market Value
As at 1st January 2023
Additions
Disposals
Change in Market Value
As at 31st December 2022
Historic cost information relating to the Fixed Asset Investments is not available at the date of agreement of the Financial Stateme
A summary of investments held by fund is as follows:
Lloyds TSB shares		 2023
£
431
‐
(79)
352
(79)
273
nts.
Market Value
2023
£
273
273

Page 18

PARISH OF ST MICHAEL THE ARCHANGEL, ALDERSHOT

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST DECEMBER 2023

17 Debtors

Income Tax recoverable 2023
2022
£
£
8,438
1,842

The income tax recoverable has been estimated based on gift aid donations received in the year where the tax has not yet been received.

18
Creditors and Accruals
Independent Examiner's Fees
Other accruals		 2023
2022
£
£
2,000
2,000
4,003
‐
6,003
2,000

Other accruals are made up of the following costs: Architect £2,542, Tree felling Ascension House £1,150, Taxes £311.

At the year end the Church had a non‐contractual liability owed for Parish share to the Diocese of £146,808 (2022: £89,051).

19 Commitments under operating leases At 31 December 2023 the PCC had future minimum lease payments under non‐cancellable operating leases for Churchlands as follows:

Not later than 1 year
Later than 1 year and not later than 5 years		 2023
2022
£
£
16,800
30,648
‐
16,800
16,800
1,848

20 Funds Analysis

Restricted funds
Giles Legacy Fund
Specific Donations ‐ Youth work
Specific Donations ‐ Communications
Stewardship Fund
Discipleship Fund
Worship Accessibility Fund
Chancel Repair Fund
Community Building
Growing Faith Foundation
Heating Grants
Churchyard
Parish Clerk Endowment Fund
Bellringers
Churchlands rent
Unrestricted funds
General Fund
Designated funds
Special Appeals
Capital Reserve
Clist Legacy
Specific donations ‐ Disabled Toilet
Specific donations ‐ Glass doors
Specific donations ‐ Memorial wall		 As at 1
January 2023
Receipts
Payments
Transfers
As at 31 December
2023
79
‐
‐
(79)
‐
‐
‐
‐
18,178
18,178
10,635
‐
‐
(10,635)
‐
7,932
‐
‐
(5,000)
2,932
3,750
‐
‐
(3,750)
‐
5,097
‐
79
5,176
2,000
‐
(664)
‐
1,336
15,010
5,000
(9,050)
(10,960)
‐
12,080
26,750
(21,871)
‐
16,959
11,461
‐
(15,499)
4,038
‐
‐
‐
‐
4,712
4,712
‐
‐
(3,884)
9,810
5,926
‐
10,000
(3,207)
‐
6,793
‐
5,300
(5,300)
‐
‐
‐
640
(640)
‐
‐
‐
3,000
(3,000)
‐
‐
‐
5,374
(5,374)
‐
‐
‐
11,000
(11,000)
‐
‐
68,044
67,064
(79,489)
6,393
62,012
(4,297)
96,348
(92,095)
43,720
43,676
7,613
‐
‐
(7,613)
‐
42,500
‐
‐
(42,500)
‐
45,816
96,348
(92,095)
(6,393)
43,676
113,860
163,412
(171,584)
‐
105,687

During the year transfers were made between restricted funds to show each restricted fund in this note and classify them in agreement with the donors.

The Giles Legacy Fund, is an investment of £78.87 left by the Giles Estate, the interest on which is solely for the use of the Sunday School. This was emptied to Specific donations youth work in 2023.

Previously £1,822 had been spent on cassocks, leaving a balance of £18,178 on the fund.

It was agreed with the donor to transfer the £3,750 from the Disabled toilet fund to the Worship accessibility fund.

It was agreed with the donor to transfer the £5,000 from the Glass doors fund to the Worship accessibility fund.

Page 19

PARISH OF ST MICHAEL THE ARCHANGEL, ALDERSHOT

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST DECEMBER 2023

20 Funds Analysis (continued)

These funds are to be used for repair works and upgrades to the facilities to make the church space accessible to all. During the year expenditure from this fund was for bathroom boxing £360, Foyer floor £2,055, Chairs £13,084, totalling £15,499.

Fund for building bridges between different groups in our community During the year expenditure from this fund was for Entertainer £500, Chairs £3,384, totalling £3,884.

j) Growing Faith Foundation

k) Bellringers Income from bellringers to cover renovation of bell tower.

m) Hea�ng grants Grants to support use of church and hall as a warm bank.

n) Churchyard Grant from Rushmoor Borough Council for maintenance of St. Michael’s churchyard.

o) Parish Clerk Endowment Fund Donations from a separate entity towards the admin assistant. 21 Analysis of net assets between funds

Fund balances as at
31 December 2023 are
represented by:
Investments
Current assets
Current liabilities		 Restricted
Designated
General
Total
Total
Funds
Funds
Funds
2023
2022
£
£
£
£
£
‐
‐
273
273
431
62,012
‐
49,405
111,417
115,429
‐
‐
(6,003)
(6,003)
(2,000)
62,012
‐
43,675
105,687
113,860

22

Related party transactions

The Church rented a property to deliver our discipleship and missional (hospitality) activities. This property was then sublet to Mr and Mrs Barrington who are Trustees of the Church. They were not involved in the discussions about the rental charged and the property was rented to them at a market rent. The Church does pay for the whole of the Council Tax, during the year the value of this was £4,071.

Post balance sheet events

After carrying out due diligences and evaluating the new proposal from KLD Co. Ltd. Developers to develop the entire Church of the Ascension site the Parochial Church Council has triggered the Church Closure Process through the Church Commissioners. An agreement of a Memorandum of Understanding was reached between the PCC and KLD Co. Ltd. This document (with the proposed plan and schedule) was sent to the Diocese at Bishop’s Council for approval and to start the Church Closure under the Pastoral (Church Buildings) Scheme with the Church Commissioners. The Bishop’s Council meeting was in March 2024, but the outcome of this meeting has not yet been released.

23