## **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
2
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.
3
## **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.
4
##
##
##
##
##
##
##
##
**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._
7
##
**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._
_9_
**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_