2023-12-31-accounts

ST. MARY’S CHURCH, OVERTON

( St Mary's CofE Church, Church Road, Overton, Hampshire. RG25 3HF)

TRUSTEES’ REPORT and UNAUDITED FINANCIAL STATEMENTS

THE PAROCHIAL CHURCH COUNCIL of the ECCLESIASTICAL PARISH of St. MARY’S, OVERTON, DIOCESE of WINCHESTER

Registered Charity No. 1130067

For the year ended 31 December 2023

Incumbent: The Revd. James Russell

Contents	Page
Annual Report and Review of the PCC	1-5
Independent Examiner’s Report	6
Statement of Financial Activities	7
Balance Sheet	8
Accounting Policies	9-10
Notes to the Financial Statements	11-15

Trustees’ Report and Financial Statements for the year ended 31[st] December 2023: The Parochial Church Council of the Ecclesiastical Parish of St. Mary's, Overton, Diocese of Winchester

Reference and administrative information

Registered Office: The Rectory 54 Lordsfield Gardens Overton Basingstoke RG25 3EW

Incumbent: The Revd. James Russell (Chairman)

Banks:

CAF Bank Winchester Diocesan Board of Finance 25 Kings Hill Avenue, Kings Hill Old Alresford Place West Malling Alresford ME19 4JQ SO24 9DH CCLA Investment Management Ltd One Angel Lane London EC4R 3AB

Independent Examiner: Mr Richard Iain Anderson Knapman FCIB 30 Lordsfield Gardens Overton Basingstoke RG25 3EW

1

Trustees’ Report for the year ended 31[st] December 2023

PCC members who have served from 1st January 2023 until the date this report was approved are:

		Date elected:	Term of office ends:	Notes:
Incumbent:	The Revd James Russell			Appointed on 1 July 2019
Licensed Lay Ministers (LLM):	Peter Silverwood Michael Francis (December 2020)	Ex Officio Ex Officio
Churchwardens:	Mike Smith Stuart Williams	2021 2021	2024 2024
Deanery Synod Representatives:	Helen Francis	2021	2024
Elected members:
	Peter Sweet	2018	2024	Standing down April 2024
	Gilly Delbridge	2018	2024	Standing down April 2024
	Andrew Barton	2019	2025
	Ian Boreham	2019	2025
	Christopher Cates	2020	2026
	Vicky Soanes	2021	2024
	Jocelyn Serfontein	2021	2024	Standing down April 2024
	Maddie Whitlam	2023	2026	Resigned April 2024
	Dee Spencer	2023	2026
Co-opted members:
	Ruth Williams	Co-opted May 2023

Structure, governance and management

The Parochial Church Council is a corporate body established by the Church of England. Following changes introduced by the Charities Act 2006, it applied for registration as a Charity to the Charity Commission, which was subsequently approved on 10[th] June 2009, charity registration number 1130067.

The function and purpose of the PCC is outlined in the Parochial Church Councils (Powers) Measure 1956. The method of appointment of PCC members is set out in the Church Representation Rules. All church attendees are encouraged to register on the Electoral Roll and stand for election to the PCC.

St. Mary’s Church, Overton (St. Mary’s) is part of the Deanery of Whitchurch and Diocese of Winchester and is a member organisation of Churches Together in Overton. It works closely with these bodies on matters of common interest. The PCC considers its Board of Trustees to be its Key Management Personnel. Three of these members have received remuneration as trustees (for Church Administration and being Verger at Weddings and Funerals).

Objectives and Activities of the charity

The incumbent and the PCC are responsible in the ecclesiastical parish for promoting the whole mission of the Church – spiritual, pastoral, evangelistic and ecumenical. They also have maintenance responsibilities for the church premises (including the Church Rooms) whether to generate income or to support St. Mary’s aims in other ways. Some examples of the ways these responsibilities are carried out are: ensuring that regular public worship is open to all; providing sacred space for personal prayer and contemplation; pastoral work, including visiting the sick and the bereaved; teaching of Christianity through sermons, courses and small groups; leading collective worship in schools; promoting the whole mission of the Church through the provision of activities

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for senior citizens, parents and toddlers, and other groups; supporting groups with specific needs, both within the parish and more widely; supporting other charities in the UK and overseas. The main activities of St. Mary’s are provision of church services (including baptisms, weddings, and funerals), family and children’s work, and teaching adults through such activities as regular home groups.

A proportion of St. Mary’s income is given to a small number of nominated charities agreed by the PCC, with input from members of the congregation. From time-to-time one-off donations are made (often from the proceeds of special events).

Electoral Roll

The Revised Electoral Roll for St Mary’s Church, Overton, contains 137 names, 3 less than in 2022. There is an additional name, 1 has left the parish and 3 have died. There are 4 on the Roll who live outside the Parish.

Church Attendance

Attendance on an average Sunday was around 71, including children. Christmas 2023 saw around 527 across the two Christingle services; there were 41 people at the Midnight Communion service and 70 on Christmas Day. Easter 2024 saw 70 people at the family service on Good Friday and 28 people at the final hour service with 118 on Easter Day HC.

Volunteers

In carrying out its activities the PCC is grateful for the work of unpaid volunteers from the congregation. Such support includes accredited lay ministers and other specialist roles which range from working with children and providing pastoral and prayer support for church members to bell-ringing, flower arranging, and singing and music during worship. Beyond this a wide range of individuals give their time and skills without financial gain to further the work of the charity, partly through committees and organisations under the auspices of the PCC and via day-to-day support on an ad hoc basis. Existing and new members are encouraged to provide support for such activities.

As ever, the PCC is grateful for the help provided by so many members of the congregation, who serve on teams, participate in a wide range of organisations, give financial support, and attend services and events.

Safeguarding and privacy

Safeguarding and safe recruitment of both staff and volunteers are paramount in St. Mary’s approach to carrying out its mission. The PCC is fully committed to ensuring that our church and related premises are safe places for all who use them, including children and vulnerable adults, work which is being facilitated by our newly appointed Safeguarding Officer. Each year PCC members affirm their commitment to the House of Bishops’ safeguarding policies and good practice guidance.

Safeguarding now appears as a regular item on PCC agendas. In line with Diocesan policy all PCC members are undertaking safeguarding training to the appropriate level, and DBS checks are carried out in line with regulations for all PCC members. The charity is thus compliant with Diocesan safeguarding requirements.

A Health and Safety Officer provides advice to the PCC to ensure that compliance is maintained, with new issues being identified and addressed as they arise.

PCC

The full PCC met six times during the year, in January, March, June (away day) July, September & November. The average level of attendance was 66%. Finance reports were presented at each meeting, keeping the PCC up to date on income and expenditure. The budgets for 2023 and 2024 were approved.

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Rector’s Report

For me 2023 felt like our first year properly and fully functional again after the turmoil of Covid. There was certainly much to celebrate. Our numbers increased over the year with new faces arriving and we had 5 new babies welcomed into the church family which was lovely to see. Breakfast Church continued to grow and proved to be an effective and encouraging form of outreach to those experiencing a different type of service to what they might have been expecting. Our regular services continued to be uplifting and encouraging and it was a real delight to see new members join the music group and use their gifts to help lead us in worship. We also introduced a short interview slot where people would share about an area of church ministry that they were involved in which we could then pray for in a more informed way. This was an encouragement to us all and another reminder of all the different things that regularly go on in our church.

The pattern of Royal events continued. After the Platinum Jubilee celebrations of 2022 and then the funeral of the Queen in September we had a service to celebrate the Coronation of King Charles 2[nd] at the beginning of May. In the Autumn we had a string of very successful events. Our Harvest Supper in September , Our Overton Benefice Day with Alex Randle-Bissell, and then a fantastic ‘Light Party’ as an alternative to Halloween. This was massively well attended with about 75 children coming along with their parents and a huge encouragement to all. It clearly met a need for something alternative to ‘Trick & Treating’ and other more usual Halloween events. It was a huge team effort, the activities on offer were excellent, the lighting in the church was spectacular, and the feeling of accomplishment and encouragement afterwards was immense. In light of how well this went it was perhaps no surprise that the Christingle Services were absolutely packed just a couple of months later. These services have always been a huge favourite in Overton, I know, but it felt at last that our numbers were back to pre-Ovoid levels and, indeed, possibly more than we’ve ever had. Working closely with the school hand bell ringers on this also proved to be a lovely addition to the service.

A key development for us this year has been the official recognition that we are now the Overton Benefice consisting of 6 churches: Overton, Laverstoke, N.Waltham, Steventon, Ashe and Deane. Our day in September, which was superbly led by Alex, gave us all the opportunity to reflect on what this might look like going forwards. It is, of course, a work in progress but we are seeing encouraging signs of a closer unity between us all and we’ll continue to grow and develop that as we move through 2024. We have been given some funding by the Church Commissioners to facilitate our progress and we will be looking particularly at how we can develop our Benefice branding and a Benefice website.

Inevitably through the year we feel the sadness of losing key members of the church family but we also rejoice in new life and baptisms and the joy seeing couples getting married and beginning a new phase of their lives.

When I read the Report Booklet that Ruth always puts together for us I am so encouraged to see all the different activities and ministries that go on both in our church building and within the wider community. I can only reiterate how grateful I am to everyone who voluntarily gives of themselves so wholeheartedly and in so many different ways to hold out the good news of Jesus in this place. Annabel and I love being with you and serving Christ together in this beautiful part of Hampshire. Can I express my thanks too to our excellent Church Wardens, Treasurer, Parish safeguarding Officer, PCC Secretary and the other office bearers in our church – not least of course to Ruth who does a superb job as our Church Administrator. As a church it is good to remind ourselves what is our USP – unique Selling point. Well, it’s not something it is someone. Living for Jesus and making him known must continue to be the foundation for everything we do. So may God continue to bless us as we move through 2024 and we trust him that there will be many encouragements and opportunities to do just that in the months ahead.

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THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF ST. MARY'S, OVERTON, DIOCESE OF WINCHESTER

STATEMENT OF FINANCIAL ACTIVITIES (including income and expenditure account)

For the year ended 31 December 2023

Note Income from: Donations and legacies 2 Charitable activities 2 Investments 2 Other church activities 2 Other income 2 Total Expenditure on: Charitable activities 3 Total Net gains/(losses) on investments 6 Net income/(expenditure) Transfers between funds Net movement in funds Reconciliation of funds: Total funds brought forward at 1 January Total funds carried forward at 31 December		General Funds £ 98,485 18,940 12,957 15,549 20 145,952	General Funds £ 98,485 18,940 12,957 15,549 20 145,952	Restricted TOTAL TOTAL Funds 2023 2022 £ £ £ 1,419 99,904 99,809 - 18,940 18,508 1,542 14,499 5,761 - 15,549 12,548 0 20 430 2,961 148,913 137,056	Restricted TOTAL TOTAL Funds 2023 2022 £ £ £ 1,419 99,904 99,809 - 18,940 18,508 1,542 14,499 5,761 - 15,549 12,548 0 20 430 2,961 148,913 137,056	TOTAL	TOTAL
							2022
			143,280		1,747 145,028 179,205
			143,280		1,747 145,028 179,205
			2,589		879 3,468 (5,166)
			5,261 (6,000)		2,092 7,353 (47,315) 6,000 - -
			(739) 293,423		8,092 7,353 (47,315) 20,659 314,082 361,398
			292,684		28,751 321,435 314,082

These unaudited financial statements have been subject to independent examination. See page 6.

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THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF ST. MARY'S, OVERTON, DIOCESE OF WINCHESTER

BALANCE SHEET

For the year ended 31 December 2023

1 ACCOUNTING POLICIES

PCC information

The PCC is an unincorporated registered charity in the United Kingdom. The nature of the PCC's operations and principal activities are detailed within the Trustees' Report.

Basis of accounting

The accounts (financial statements) have been prepared in accordance with the Statement of Recommended Practice: Accounting and Reporting by Charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) issued on 16 July 2014 and the Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland (FRS 102) and the Charities Act 2011 and UK Generally Accepted Practice as it applies from 1 January 2019.

The accounts (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 Accounting and Reporting by Charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) issued on 16 October 2019 rather than the Accounting and Reporting by Charities: Statement of Recommended Practice effective from 1 April 2005 which has since been withdrawn.

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

Going concern

The Trustees assess whether the use of going concern is appropriate, i.e. whether there are any material uncertainties related to events or conditions that may cast significant doubt on the ability of the PCC to continue as a going concern. The Trustees make this assessment in respect of a period of at least one year from the date of authorisation for issue of the accounts and have concluded that the PCC has adequate resources to continue in operational existence for the foreseeable future and there are no material uncertainties about its ability to continue as a going concern. Thus they continue to adopt the going concern basis of accounting in preparing the financial statements.

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. Restricted funds are to be used for specified purposes as laid down by the donor and include alms. Expenditure which meets these criteria is also allocated to the fund. Transfers are made from general reserves to restricted funds to cover any overspendings at the year end.

The accounts include all transactions, assets and liabilities for which the PCC is responsible in law. They do not include the accounts of church groups that owe their main affiliation to another body nor those that are informal gatherings of church members.

Incoming resources

Income is recognised when the charity is legally entitled to it after any performance conditions have been met, the amounts can be measured reliably, and it is probable that income will be received.

Donations and Legacies

Collections are recognised when received by or on behalf of the PCC. Planned giving receivable under covenant is recognised only when received. Income tax recoverable on covenants or gift aid donations is recognised when the income is recognised. Legacies to the PCC are accounted for as soon as the PCC is notified of its legal entitlement, the amount due and any conditions associated with receipt have been fulfilled. Funds raised at events are accounted for gross in the hands of the organisers. Sales of books and magazines are accounted for gross.

Grant income

Grants receivable are credited to income for the period for which they are given. Grants received in respect of future periods are treated as deferred income at the balance sheet date.

Other ordinary income

Parochial fees due to the PCC for weddings, funerals etc are accounted for on an event by event basis.

Income from investments

Dividends and interest are accounted for when receivable. Tax recoverable on such income is recognised in the same accounting year.

Gains and losses on investments

All gains and losses are taken to the Statement of Financial Activities as they arise. Realised gains and losses on investments are calculated as the difference between sales proceeds and their opening carrying value if acquired subsequent to the first day of the financial year. Unrealised gains and losses are calculated as the difference between the fair value at the year end and their carrying value. Realised and unrealised investment gains and losses are combined in the Statement of Financial Activities.

These unaudited financial statements have been subject to independent examination. See report on page 6.

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THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF ST. MARY'S, OVERTON, DIOCESE OF WINCHESTER

BALANCE SHEET

For the year ended 31 December 2023

1 ACCOUNTING POLICIES (continued)

Expenditure

All expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all costs related to the category. Expenditure is recognised where there is a legal or constructive obligation to make payments to third parties, it is probable that the settlement will be required, and the amount of the obligation can be measured reliably.

Expenditure on charitable activities includes costs undertaken to further the purposes of the charity.

Activities directly relating to the work of the church

The diocesan quota (parish share) is accounted for when payable.

Cash and cash equivalents

Cash and cash equivalents include cash in hand and deposits held at call with banks.

Fixed asset investments

Investments are valued at market value at 31 December.

These unaudited financial statements have been subject to independent examination. See report on page 6. 10

THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF ST. MARY'S, OVERTON, DIOCESE OF WINCHESTER

NOTES TO THE FINANCIAL STATEMENTS (continued)

For the year ended 31 December 2023

2 INCOMING RESOURCES Donations and legacies Planned giving:- Collections at all services Grants Sundry donations Charitable activities Church/Rooms Lettings Church Magazine (TEST) Advertisments Fund Raising - General Investments Interest received - bank Interest received - CBF Dividends - CBF Other church activities Fees Church Magazine (TEST) sales Other income Sundry income TOTAL INCOME AND ENDOWMENTS Under covenant & gift aid Income tax recoverable Other planned giving	Unrestricted Total Total General Fabric Church Heritage Churchyard & Cemetry Other 2023 2022 Funds Fund Fund Fund Fund £ £ £ £ £ £ £ 66,741 - 1,163 - - 67,904 61,970 18,039 - 256 - - 18,295 16,818 8,165 - - - - 8,165 7,317 3,625 - - - - 3,625 3,806 - - - - - - 1,825 1,915 - - - - 1,915 8,072 Restricted
	98,485 - 1,419 - - 99,904 99,809
	9,368 - - - - 9,368 5,609 9,461 - - - - 9,461 9,743 111 - - - - 111 3,155
	18,940 - - - - 18,940 18,508
	58 - - - - 58 25 12,077 317 1 - - 12,394 3,701 823 1,135 - 89 - 2,047 2,036
	12,957 1,452 1 89 - 14,499 5,761
	10,597 - - - - 10,597 7,482 4,952 - - - - 4,952 5,067
	15,549 - - - - 15,549 12,548
	20 - - - - 20 430
	145,952 1,452 1,420 89 - 148,913 137,056

Of the £137,056 income received in the year to 31 December 2022, £8,972 was attributable to restricted funds and £128,084 to unrestricted funds. This represented an increase of £17,868 in general unrestricted income between 2022 and 2023.

The 2023 Gift Aid claim for the general fund was £18,039 (£16,552 for general fund in 2022). Income from the Church Rooms was £9,358 (£5,609 in 2022), including £1,136 owed from 2021/2. Test magazine income from advertisements fell slightly by £283 from 2022. Interest/dividend income rose by £7,564 in 2023, due to higher interest rates (General funds £12,597 v. £5,394 in 2022). Fees for weddings and funerals rose by £3,116 to £10,597 in 2023 (£7,482 in 2022). Sundry income comprised £20 for using the photocopier.

These unaudited financial statements have been subject to independent examination. See report on page 6. 11

THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF ST. MARY'S, OVERTON, DIOCESE OF WINCHESTER

NOTES TO THE FINANCIAL STATEMENTS (continued)

For the year ended 31 December 2023

3 EXPENDITURE ON CHARITABLE ACTIVITIES AND SUPPORT COSTS

Away Giving Church overseas - missionary Home missions & church societies Ministry of the church Ministry: Diocesan Parish Share Ministry: Other Ministry Costs Church/Rooms: Cleaning and Consumables Church/Roooms: Repairs and Maintenance Church/Rooms: Gas/Electric/Water Church/Rooms: Insurance Church/Rooms: Equipment Building Projects Church: Upkeep of Services Church Magazine (TEST) costs Youth Groups and Outreach Bank Charges Home Group/Discipleship Sundry Expenses Fundraising costs Other Fundraising Support costs Self-employed staff pay TOTAL EXPENDITURE ON CHARITABLE ACTIVITIES	Unrestricted Total Total General Fabric Church Heritage Churchyard & Cemetry Other 2023 2022 Funds Fund Fund Fund Fund £ £ £ £ £ £ £ 6,950 - - - - 6,950 11,736 4,150 - - - - 4,150 898 Restricted
	11,100 - - - - 11,100 12,634
	69,642 - - - - 69,642 75,463 2,745 - - - - 2,745 2,826 1,267 - - - - 1,267 3,745 3,755 - - - - 3,755 3,731 8,819 - - - - 8,819 5,731 4,813 - - - - 4,813 4,509 5,476 - - - - 5,476 2,152 117 - 1,747 - - 1,865 33,066 4,533 - - - - 4,533 6,898 10,085 - - - - 10,085 9,987 318 - - - - 318 1,060 60 - - - - 60 81 119 - - - - 119 447 243 - - - - 243 298
	111,992 - 1,747 - - 113,739 149,995
	- - - - - - 333
	20,188 - - - - 20,188 16,243
	143,280 - 1,747 - - 145,028 179,205

Of the £179,205 expenditure on charitable activities in the year to 31 December 2022, £3,915 was attributable to restricted funds and £175,290 to unrestricted funds. This represented a decrease of £32,010 in general unrestricted expenditure between 2022 and 2023.

Utility costs rose by £3,088 from £5,731 in 2022 to £8,819 in 2023. Pew cushions were purchased for the church to be delivered in 2024, and a pendulum regulator has been installed in the clock which has been funded by £917 given in memory of Neville Hughes and £1747 from the Church Heritage Fund.

Charitable giving is determined by the PCC as 10% of 'Voluntary income plus Investment income'. Additionally, £2,880 in specific donations were paid out to the selected charities. Specific donations are not included in church income/expenses, but are included in the analysis below.

Mission & Charities UK & Overseas Allocations Andover Foodbank A Rocha Church Mission Socy/Garry Ion Good News for Everyone (formerly called Gideons) Interserve MAF Mityana Projects DEC Ukraine Appeal (Christingles 2023) Samara's Aid Appeal SIM (Serving In Mission) Compassion UK (Churches Together service) Basingstoke Foodbank Children's society TOTAL DONATIONS TO CHARITIES

Specific Donations 10% allocation Total Specific Donations 10% allocation Total 2023 2023 2023 2022 2022 2022 £ £ £ £ £ £ 1,333 250 1,583 200 250 450 - 1,600 1,600 - 1,200 1,200 - 2,000 2,000 - 2,539 2,539 - 300 300 - 250 250 350 1,600 1,950 - 1,200 1,200 246 1,600 1,846 - 1,200 1,200 - 550 550 - 500 500 636 - 636 - - - - 1,600 1,600 2,377 1,200 3,577 - 1,600 1,600 - 1,200 1,200 190 - 190 - - - - 200 - 200 125 - 125 498 - 498

2,880 11,100 13,980 3,275 9,539 12,814

These unaudited financial statements have been subject to independent examination. See report on page 6. 12

THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF ST. MARY'S, OVERTON, DIOCESE OF WINCHESTER

NOTES TO THE FINANCIAL STATEMENTS (continued)

For the year ended 31 December 2023

4 STAFF COSTS

During the year, leaving aside the Rector (who is not legally employed by the PCC though their expenses of office are provided by the PCC), the PCC paid a part time Parish Administrator, Pastoral worker, Gardener, Cleaner and Vergers. These individuals are considered to be selfemployed. None received remuneration in excess of £60,000.

Wages and salaries Social security costs Pension costs The number of self-emloyed staff during the year was as follows (including occasional verger duties):	2023 2022 £ £ 20,188 16,243 - - - -
	20,188 16,243
	7 7

As permitted by Section 185 of the Charities Act 2011 and Section 14 of the Church of England (Miscellaneous Provisions) Measure 2018 three individuals hold a position as trustee. This is a minority of our trustees and no trustees receive payment or expenses for carrying out their role as a trustee.

The above figures do not include the value of voluntary assistance given by Church members, without which the PCC's work would be much diminished.

5 CASH AT BANK AND IN HAND

BANK AND IN HAND
Unrestricted General Fabric Church Heritage Churchyard & Cemetry Other Funds Fund Fund Fund Fund £ £ £ £ £ CBF deposit account 20,745 7,229 16 - - Mary Taylor CBF Deposit 254,497 - - - - CAF Bank current account 12,123 559 3,071 31 7,628 Restricted	Total Total 2023 2022 £ £ 27,989 26,761 254,497 243,331 23,411 28,036
	305,898 298,128

Late payments of interest on the CBF deposit accounts for the final quarter of 2023 were received on 3rd Jan 2024 but are included in the 2023 balances

6 INVESTMENTS

ENTS
CBF investment shares	Unrestricted Total Total General Fabric Church Heritage Churchyard & Cemetry Other 2023 2022 Funds Fund Fund Fund Fund £ £ £ £ £ £ £ 30,110 6,962 - 3,255 - 40,328 36,860 Restricted
	30,110 6,962 - 3,255 - 40,328 36,860

The CCLA investment shares attributed to the general fund rose by £2,589 when revalued at December 2023 prices (after a fall of £3,857 in 2022). There was a total gain on investments of £3,468 between 2022 and 2023.

These unaudited financial statements have been subject to independent examination. See report on page 6. 13

THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF ST. MARY'S, OVERTON, DIOCESE OF WINCHESTER

NOTES TO THE FINANCIAL STATEMENTS (continued)

For the year ended 31 December 2023

7 DEBTORS FALLING DUE WITHIN ONE YEAR

ORS FALLING DUE WITHIN ONE YEAR
Prepayments Sundry Debtors	2023 2022 £ £ 711 650 1,378 2,207
	2,089 2,856

Prepayments include the remainder of the 2023 payment for the CCLI Music License which runs until the end of September 2024.

Sundry Debtors include income of £1,378 which had not been received by the end of 2023.

8 LIABILITIES FALLING DUE WITHIN ONE YEAR

Sundry Creditors/Accruals Deferred Income Other Current Liabilities	2023 2022 £ £ 17,836 15,240 6,828 6,442 2,215 2,081
	26,880 23,763

Sundry Creditors/Accruals includes allocated payments to Charitable missions of 10% (based on voluntary income) of £11,100 at the year end and other expenses which were incurred in 2023 but not paid out until 2024, as well as historical accruals.

Deferred income includes 2024 Test magazine subscriptions and adverts which were paid in 2023 (£4,258).

Other Current liabilities include monies held on behalf of Overton Churches Together and the Local support fund.

9 UNRESTRICTED FUNDS

Unrestricted Fund 10 RESTRICTED FUNDS Fabric Fund Church Heritage Fund Churchyard & Cemetry Fund Other Fund	Balance at Balance at 1 January 31 December 2023 2023 £ £ £ £ £ £ 293,423 145,952 143,280 - 2,589 6,000 - 292,684 Incoming resources Outgoing resources Transfers Movement on investments
	293,423 145,952 143,280 - 2,589 6,000 - 292,684
	Balance at Balance at 1 January 31 December 2023 2023 £ £ £ £ £ £ 12,699 1,452 - 599 - 14,750 3,414 1,420 1,747 - - - 3,087 3,083 - 89 - 280 6,000 3,286 7,628 - - - - 7,628 Incoming resources Outgoing resources Movement on investments Transfers
	20,659.0 2,961 1,747 - 879 6,000 28,751

£6,000 generated from interest on the Mary Taylor account was transferred from general funds to the Churchyard Fund, to pay off a historical deficit.

These unaudited financial statements have been subject to independent examination. See report on page 6. 14

THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF ST. MARY'S, OVERTON, DIOCESE OF WINCHESTER

NOTES TO THE FINANCIAL STATEMENTS (continued)

For the year ended 31 December 2023

11 ANALYSIS OF NET ASSETS BETWEEN FUNDS

11 ANALYSIS OF NET ASSETS BETWEEN FUNDS
Tangible assets Current assets Creditors falling due within one year	Unrestriced funds Restricted funds Total funds Total funds 2023 2022 £ £ £ £ 30,110 10,218 40,328 36,860 289,453 18,534 307,987 300,985 26,880 - - 26,880 - 23,763 -
	292,684 28,751 321,435 314,082

12 RELATED PARTY TRANSACTIONS

Apart from those mentioned in note 4, there were no related party transactions to disclose for the current or previous year. There were no outstanding balances at the year-end.

These unaudited financial statements have been subject to independent examination. See report on page 6. 15