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2023-12-31-accounts

THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF ST ANDREW, BEDFORD

REPORT AND FINANCIAL STATEMENTS

FOR THE YEAR ENDING

31 DECEMBER 2023

CONTENTS

CONTENTS
Page
Trustees’ Report 2 - 5
Independent examiner's report 6
Statement of financial activities 7
Balance sheet 8
Notes to the financial statements 9 - 18

The Parochial Church Council of the Ecclesiastical Parish of St Andrew, Bedford, is registered with the Charity Commissioners for England and Wales (Charity no. 1130171.)

1

PAROCHIAL CHURCH COUNCIL OF ST ANDREW BEDFORD

TRUSTEES’ REPORT FOR THE YEAR ENDING 31 DECEMBER 2023

Aim and Purposes

The Parochial Church Council has the responsibility of co-operating with the Incumbent, the Reverend Lucy Davis, in promoting in the ecclesiastical parish of St Andrew, Bedford, the whole mission of the Church, pastoral, evangelistic, social and ecumenical. It also has responsibility for the maintenance of the Parish Church and Church Centre.

Objectives and Activities

When planning our activities for the year, we have considered the Charity Commission’s guidance on public benefit and, in particular, the supplementary guidance on charities for the advancement of religion. In particular, we try to enable ordinary people to live out their faith as part of our parish community through:

Achievements and performance

Worship and Prayer

We have continued to offer two services of Holy Communion each Sunday - at 8 am and 10 am. There is also a regular Wednesday morning Communion Service. Morning and Evening Prayer are offered from Monday to Saturday along with Evening Prayer on Sundays.

All are welcome to attend our services, which are publicised on our website. People unable to be present in person have been invited to join services via a livestream on YouTube or on Zoom.

In July we welcomed Joseph Barnes to serve in the Parish as curate; he lives in the Church House on Minver Road.

As well as our regular services, we enable our community to celebrate and thank God at the milestones of life’s journey. In 2023 we held 13 baptisms and celebrated 1 wedding (2022 -13 baptisms and 3 weddings). We held 9 funerals in our church and conducted 9 funerals elsewhere on behalf of this church (2022 - 12 in church and 5 elsewhere).

Pastoral Care

St Andrew’s Visitors assist the vicar and curate in visiting those from the Parish who are unwell, housebound or in hospital. Once a month, in partnership with Neville’s funeral directors, a bereavement group ‘Talking Elephants’ is held, and is open to the whole community. ‘Coffee and Company’ also continues to reach out and offer fellowship to those who may be lonely. In addition, a service of Holy Communion is celebrated at Airedale Nursing Home once a month.

2

Mission and Evangelism

The congregation continues to support three charities carrying out God’s work in the world; these Mission Partners are, Pajule in Uganda through World Vision, The Trussell Trust, and Emmaus Carlton.

St Andrew’s is committed to social justice as mission. This year we have become a certified Real Living Wage employer, and are now officially an ‘Inclusive Church.’

In the Autumn a successful ‘Green Fair’ was held, with a focus on environmental concerns and education, attended by people from across the community. We also gained our silver A Rocha Eco Church award.

The PCC gave £25,000 to support Bedford Winter Night Shelter, in partnership with the King’s Arms Project; members of St Andrew’s volunteered at this shelter, and a warm room at St Paul’s Bedford.

Ecumenical relationships

The church is a member of Churches Together in Bedford.

Deanery Synod

Four members of the PCC sit on the Bedford Deanery Synod. This provides the PCC with an important link between the parish and the wider structures of the church.

Buildings

The Quinquennial Inspection in 2022 commented that the buildings were in a ‘very good’ state of repair. This year has seen the introduction of solar panels on the Church Centre roof, and a new accessible path laid to the Church door. Our suite of rooms are available to hire and are well used by community groups throughout the week.

Financial review

Net Deficit in 2023 was £27,165. Net Deficit in 2022 was £3,453.

Of the Income of £402,092 (2022 £369,032), the major changes from 2023 were:

Of the Resources Expended of £429,257, (2022 £372,485) the major changes were

3

• Church Centre energy costs were up by over £6,000 but lower than they might have been due to the effect of the new solar panels

Reserves

Unrestricted Reserves

The PCC has a reserves policy of one year’s expenditure; this policy was reviewed in 2023. At the end of 2023 the balance of the Unrestricted Reserves was £675,512.

It is our policy to invest cash balances over and above those required to fund day to day expenditure with the CCLA Church of England Deposit Fund.

Restricted Reserves

The restricted reserves of £31,071 can only be spent for the purposes for which they were originally donated.

Legacy Policy

The legacy policy was reviewed in 2023.

Structure, governance and management

The Parochial Church Council of the Ecclesiastical Parish of St Andrew, Bedford, is a corporate body established by the Church of England. The PCC operates under the Parochial Church Council Powers Measure. The PCC is a registered charity.

The method of appointment of PCC members is set out in the Church Representation Rules. In this parish, the membership of the PCC consists of the incumbent (our vicar), the curate, churchwardens, 4 members of Deanery Synod, and 15 members elected by those members of the congregation who are on the electoral roll of the Parish.

Administrative information

The Parish Church of St Andrew is situated on Kimbolton Road, Bedford, MK40 2PF. The Parish is part of the Diocese of St Albans within the Church of England. The correspondence address is The Parish Centre, Kimbolton Road, Bedford, MK40 2PF. Registered charity number 1130171.

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

Incumbent The Reverend Canon Lucy Davis
Curate The Reverend Joseph Barnes (from 1stJuly 2023)
Churchwardens Ian Riches
(from 23rdApril 2023)
Ian Smith
(until 23rdApril 2023)
Carol Wood

4

Representatives on Deanery Synod Gareth Burrows Ann Mason Elisabeth Thorne Jenny Tomlinson {from 23rd April 2023) Carol Wood {until 23" April 2023) Sheila Bissell {Diocesan and General Synod} {until 23rd April 2023) Ex officio Other Elected Members Sally Coleman Viki Evans Christine Garrett Angela Huddart Hugh Johnstone Roseanne Kinvig-Love Valerie Liltleford Lionel Mayoh Jo Newion Andrew Redfearn Tim Relout Susan Smith Alistair Sutcliffe Andrew Thomas Jenny Tomlinson Nneka Williams (until 23" April 2023} (from 23" April 2023) (from 23" April 2023) (until 23rd April 2023) (until 23rd April 2023) Co-opted Members Sam Pitkin Natasha Vaughan (from 16" May 20231 (from 16" May 20231 th Report approved by the PCC on 20 February 2024 and signed on their behalf by Incumbenl Church Warden

Independent Examinerfs Report to the Parochial Church Council of St Andrew, Bedford I report on the accounts of the Parochial Church Council of St Andrew, Bedford for the year ended 31 D￿rnber 2023. which are set out on pages 7 to 18. Respective Responslbllltles of Trustees and Examlners As the charitls trust&s you are responsible for the preparation of the accounts in accordance wth the requirements of the Chariiies Act 2011 ('the ACY). I report in respect of my examination of the PCC'S accounts carrEd out under section 145 of the 2011 Act and in carying out my examination I have followed all the applicable Directions grven by the Charity Commission under section 145(5)(b) of the A Independent Examinerfs Statement The Charity's gross income exceeded £250,000 and l am qualffied to undertake the examination by being a qualtfied member of the Instttute of Chartered Accountants in England and Wales. I have completed my examination. I C￿fim1 that no material matters have come to my attention in connection with the examination giviry me cause to believe that in any material respect: 1. accounting records were not kept in resped of the Chanty as required by section 130 of the Act., or 2. the accounts do r￿t accord with those records" or 3. the accounts do not comply with the appliCa￿e requirements conceming the fonm and content of ac¢ounts set out in the CharitEs (Ac¢ounts and Reports) Regulations 2008 other than any requirement that the accounts give a Irue and fair view, which is not a matter considered as part of an independent examination. I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understsnding of the accounts to be reached GP Lake BEM FCA Chartered Accountant 32 Connaught Way BEDFORD MK417LB 2024

PAROCHIAL CHURCH COUNCIL OF ST ANDREW, BEDFORD

STATEMENT OF FINANCIAL ACTIVITIES

For the year ended 31 December 2023

2023 2022
Unrestricted Restricted TOTAL Unrestricted Restricted TOTAL
Note Funds Funds FUNDS Funds Funds FUNDS
£ £ £ £ £ £
Income and Endowments from:
Donations and legacies 2(a) 171,221 121,058 292,279 139,141 108,959 248,100
Charitable activities 2(b) 1,936 3,601 5,537 3,238 3,309 6,547
Other trading activities 2(c) 55,606 26,056 81,662 53,390 41,141 94,531
Investments 2(d) 22,614 - 22,614 19,854 - 19,854
Total 251,377 150,715 402,092 215,623 153,409 369,032
Expenditure on:
Raising funds 3(a) 11,783 5,123 16,906 9,484 5,444 14,928
Charitable activities 3(b) 283,356 128,995 412,351 222,651 134,906 357,557
Total 295,139 134,118 429,257 232,135 140,350 372,485
Net Expenditure / Income (43,762) 16,597 (27,165) (16,512) 13,059 (3,453)
Net gains / (losses) on investments 9(b) 43,875 - 43,875 (76,937) - (76,937)
(Unrealised)
Net movement in funds 113 16,597 16,710 (93,449) 13,059 (80,390)
Reconciliation of funds:
Total funds brought forward 1,447,476 27,757 1,475,233 1,531,877 23,746 1,555,623
Transfer of funds 17 13,283 (13,283) - 9,048 (9,048) -
Total funds carried forward 1,460,872 31,071 1,491,943 1,447,476 27,757 1,475,233

The accompanying notes are an integral part of these financial statements.

7

PAROCHIAL CHURCH COUNCIL OF ST ANDREW, BEDFORD

BALANCE SHEET

As at 31 December 2023

Note
FIXED ASSETS
Tangible fixed assets
9(a)
Investment assets
9(b)
TOTAL FIXED ASSETS
CURRENT ASSETS
Fairtrade at St Andrew's - stock
Debtors
10
Cash at bank and in hand
11
TOTAL CURRENT ASSETS
LIABILITIES: AMOUNTS FALLING DUE WITHIN 1 YEAR
Accruals & deferred income
12
TOTAL CURRENT LIABILITIES
NET CURRENT ASSETS
NET ASSETS
FUNDS
Unrestricted
13
Restricted
14
TOTAL FUNDS		 2023
2022
£
£
785,360
795,391
626,704
580,069
1,412,064
1,375,460
10,200
10,300
14,373
19,428
88,221
100,491
112,794
130,219
32,915
30,446
32,915
30,446
79,879
99,773
1,491,943
1,475,233
1,460,872
1,447,476
31,071
27,757
1,491,943
1,475,233

Approved by the Parochial Church Council

and signed on its behalf by

Chairman Date

The accompanying notes are an integral part of these financial statements.

8

PAROCHIAL CHURCH COUNCIL OF ST ANDREW, BEDFORD

CASHFLOW STATEMENT

For the year ended 31 December 2023

Reconciliation of net incoming / (outgoing) resources
to net cash inflow from operating activities
Net Incoming / (Outgoing) resources
(Gain) / on investments
Depreciation of assets
Decrease / (Increase ) in stock
Decrease / (Increase) in debtors
Increase / (Decrease) in creditors
Net cash inflow from operating activities
Investing activities
Purchase of tangible fixed assets
Deferred expenditure on Solar Panels
Net investing activities
Management of liquid resources
Dividends received and reinvested
(Decrease) in cash
Net Funds at 1 January 2023
Net Funds at 31 December 2023		 2023
2022
£
£
16,710
(80,390)
(43,875)
76,937
25,520
24,682
100
(700)
5,055
(4,397)
2,469
(13,986)
5,979
2,146
(15,489)
(9,966)
-
(1,549)
(15,489)
(11,515)
(2,760)
(2,668)
(12,270)
(12,037)
100,491
112,528
88,221
100,491

The accompanying notes are an integral part of these financial statements.

9

PAROCHIAL CHURCH COUNCIL OF ST ANDREW, BEDFORD

NOTES TO THE FINANCIAL STATEMENTS

For the year ended 31 December 2023

1 Accounting policies

The financial statements have been prepared in accordance with Part 8 of the Charities Act 2011, the Church (Accounts & Reports) Regulations 2008, together with applicable accounting standards and the Statement of Recommended Practice on Accounting and Reporting by Charities SORP (FRS102).

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

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. Funds designated for a particular purpose by the PCC are also unrestricted.

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

Voluntary income and capital sources

Collections are recognized when received by or on behalf of the PCC. Planned giving receivable under Gift Aid is recognized only when received. Income tax recoverable on Gift Aid donations is recognized when the income is recognized. Grants and legacies to the PCC are accounted for as soon as the PCC is notified of its legal entitlement, the amount due is quantifiable and its ultimate receipt by the PCC is reasonably certain.

All fundraising, and sales of books and magazines are accounted for gross.

Other income

Rental income from the letting of church premises is recognized when the rental is due.

Income from investments

Dividends are accounted for when due. Interest entitlements are accounted for as they accrue. Tax recoverable on such income is recognized in the same accounting year.

Gains and losses on investments

Realized gains or losses are recognized when investments are sold. Unrealized gains or losses are accounted for on revaluation of investments at 31 December.

Resources used

Grants

Grants and donations are accounted for when paid over, or when awarded, if that award creates a binding obligation on the PCC.

10

PAROCHIAL CHURCH COUNCIL OF ST ANDREW, BEDFORD

NOTES TO THE FINANCIAL STATEMENTS For the year ended 31 December 2023

Activities directly relating to the work of the Church

The diocesan parish share is accounted for when paid. Any parish share unpaid at 31 December is provided for in these accounts as an operational (though not a legal) liability and is shown as a creditor in the Balance Sheet.

Fixed assets

Except as stated below, fixed assets are stated at cost less depreciation and impairment.

The tangible fixed assets are reviewed for impairment whenever events or changes in circumstances indicate that the carrying value of an asset may not be recoverable. The carrying values of fixed assets are considered impaired when the anticipated undiscounted cash flows from such assets are less than their carrying values. In that event, a loss is recognised based on the amount by which the carrying value exceeds the fair value.

Consecrated land and buildings and movable church furnishings

Consecrated and beneficed property of any kind is excluded from the accounts by the Charities Act 2011.

Movable church furnishings held by the Vicar and Churchwardens on special trust for the PCC, and which require a faculty for disposal, are accounted for as inalienable property unless consecrated. They are listed in the church’s inventory, which can be inspected (at any reasonable time). For inalienable property acquired before 2000 there is insufficient cost information available and therefore such assets are not valued in the accounts. Items acquired since 1 January 2000 have been capitalized and depreciated in the accounts over their currently anticipated useful economic life on a straight-line basis. With regard to the organ purchased in 2016 this will be depreciated over 53 years. The depreciation commenced during 2018 and from 2019 the balance of the capital cost will be spread over 52 years, thereby resulting in a depreciation charge of £10,000 in each of those years.

Depreciation is to be charged on the Church Centre on a straight-line basis over its expected useful economic life of 50 years.

Other fixtures, fittings and office equipment

Fixtures & fittings and office equipment used within the church premises are depreciated on a straight-line basis over their expected useful economic lives. Individual items of equipment with a purchase price of £1,000 or less are written off when the asset is acquired. Repairs and maintenance expenditure is written off as incurred.

Investments

Investments are held at market value, being the bid-price at the balance sheet date.

Current assets

Amounts owing to the PCC at 31 December in respect of fees, rents or other income are shown as debtors less provision for amounts that may prove uncollectable.

Short-term deposits include cash held on deposit either with the CBF Church of England Funds or at the bank.

11

PAROCHIAL CHURCH COUNCIL OF ST ANDREW, BEDFORD

NOTES TO THE FINANCIAL STATEMENTS (continued) For the year ended 31 December 2023

2023 2022
Unrestricted Restricted TOTAL Unrestricted Restricted TOTAL
Note Funds Funds FUNDS Funds Funds FUNDS
**2 ** Income and Endowments £ £ £ £ £ £
2(a) Income from donations and legacies
Planned giving 124,389 - 124,389 100,944 - 100,944
Income tax recovered 30,420 - 30,420 24,039 - 24,039
Loose Plate 3,326 - 3,326 4,301 - 4,301
Christmas collections - 2,683 2,683 - 3,223 3,223
Sundry donations and Legacies 12,836 - 12,836 4,271 - 4,271
Hall Trust Grant - Salaries and Expenses - 97,042 97,042 - 90,313 90,313
Hall Trust Grant - Projects - 9,200 9,200 - 2,964 2,964
Hall Trust Grant - Money Advice Service - 3,772 3,772 - 5,064 5,064
Money Advice Service (Other funding) - - - - 7,233 7,233
Bedford Borough Council - grants 250 7,087 7,337 5,586 - 5,586
Friends of St Andrew's - 1,274 1,274 - 162 162
Total Income from donations and legacies 171,221 121,058 292,279 139,141 108,959 248,100
2(b) Income from charitable activities
PCC Fees 1,936 - 1,936 3,238 - 3,238
Diocesan Fees - 3,601 3,601 - 3,309 3,309
Total Income from charitable activities 1,936 3,601 5,537 3,238 3,309 6,547
2(c) Income from other trading activities
Church Centre lettings 8(a) 39,903 - 39,903 31,684 - 31,684
Fundraising 5(a) 2,192 5,123 7,315 1,690 12,398 14,088
Concerts at St Andrew's 9,342 - 9,342 6,958 - 6,958
Fairtrade at St Andrew's 14 - 20,933 20,933 - 28,743 28,743
Magazine - - - 580 - 580
Rental Income (5 St Minver) 3,991 - 3,991 12,071 - 12,071
Photocopying and miscellaneous 178 - 178 407 - 407
Total Income from other trading activities 55,606 26,056 81,662 53,390 41,141 94,531
2(d) Income from investments
PCC Dividends 6,327 - 6,327 6,149 - 6,149
PCC Interest 3,555 - 3,555 1,161 - 1,161
KP Trust
Capital Fund 9,817 - 9,817 9,816 - 9,816
Income Fund 2,671 - 2,671 2,656 - 2,656
Interest 244 - 244 72 - 72
Total Income from investments 22,614 - 22,614 19,854 - 19,854
TOTAL INCOME AND ENDOWMENTS 251,377 150,715 402,092 215,623 153,409 369,032

12

PAROCHIAL CHURCH COUNCIL OF ST ANDREW, BEDFORD

NOTES TO THE FINANCIAL STATEMENTS (continued) For the year ended 31 December 2023

Note
3
Expenditure
3(a) Expenditure on raising funds
Fund Raising
5(b)
Concerts at St Andrew's
Total Fund-raising and publicity
3(b) Expenditure on charitable activities
Diocesan
Parish Share
Diocesan Fees
Salaries and Expenses (excl Money Advice)
6
Fees
6
Ministry expenses
Upkeep of services
Church - Heat, light and insurance
Church - Minor repairs
Education
Magazine expenditure
Curate's house maintenance
Church Centre running costs
8(b)
Fairtrade at St Andrew's - purchases
14
Fairtrade at St Andrew's - expenses
14
Fairtrade at St Andrew's - donations
14
Money Advice Service - all expenditure
Charitable giving
4
Printing and stationery
IT developments and support costs
Postage and sundries
Depreciation
9(a)
Total Expenditure on charitable activities
TOTAL EXPENDITURE		 2023
2022
Unrestricted
Restricted
TOTAL
Unrestricted
Restricted
TOTAL
Funds
Funds
FUNDS
Funds
Funds
FUNDS
£
£
£
£
£
£
2,451
5,123
7,574
2,561
5,444
8,005
9,332
-
9,332
6,923
-
6,923
11,783
5,123
16,906
9,484
5,444
14,928
131,629
-
131,629
131,510
-
131,510
-
3,601
3,601
-
3,309
3,309
-
89,720
89,720
-
83,175
83,175
-
7,322
7,322
-
7,138
7,138
2,184
-
2,184
1,895
-
1,895
8,635
-
8,635
5,800
420
6,220
18,647
-
18,647
6,892
-
6,892
6,452
3,004
9,456
7,961
870
8,831
2,865
-
2,865
2,230
-
2,230
1,756
-
1,756
1,212
-
1,212
15,018
-
15,018
783
-
783
20,841
1,274
22,115
14,731
162
14,893
-
16,785
16,785
-
22,783
22,783
-
686
686
-
1,329
1,329
-
148
148
-
200
200
-
3,772
3,772
-
12,297
12,297
38,700
2,683
41,383
15,400
3,223
18,623
4,865
-
4,865
5,491
-
5,491
5,696
-
5,696
3,546
-
3,546
548
-
548
518
-
518
25,520
-
25,520
24,682
-
24,682
283,356
128,995
412,351
222,651
134,906
357,557
295,139
134,118
429,257
232,135
140,350
372,485

13

PAROCHIAL CHURCH COUNCIL OF ST ANDREW, BEDFORD

NOTES TO THE FINANCIAL STATEMENTS (continued) For the year ended 31 December 2023

4
CHARITABLE GIVING
See note
L
Bedford Winter Night Shelter
N
Children's Society (Christingle, Outreach)
I
DEC - Pakistan
L
Emmaus
L
Impact
I
Swaziland Schools
N
Trussell Trust
I
Turkey / Syria Earthquake appeal
I
Umeed
I
World Vision UK - Pajule
I
World Vision UK - Middle East Appeal
N
Citizens UK
Total Charitable giving
Note : L = Local, N = National, I = International
5
FUND RAISING
5(a)
INCOME
Cards
Centenary
Centenary Cross
Christian Aid
Coffee and Company
Coffee and Tea
Turkey / Syria Earthquake appeal
Emmaus - Toastie Club
Film Nights
Foyer coffee
Green Fair - Expenses and A Rocha
Lent Lunches
Red Cross - Pakistan
Red Cross - Ukraine
St Albans Harvest Appeal
World Vision - Pajule
5(b)
EXPENDITURE
Catering etc
Centenary
Christian Aid
Coffee and Company - Childrens Society
Coffee and Company - Foodbank
Coffee and Company - Red Cross - Ukraine
Coffee and Company - Salvation Army
Coffee and Company - expenses
Coffee and Tea
Turkey / Syria Earthquake appeal
Emmaus - Toastie Club
Film nights
Foyer coffee
Green Fair - Expenses and A Rocha
Lent lunches
Red Cross - Pakistan
Red Cross - Ukraine
St Albans Harvest Appeal
World Vision - Pajule		 2023
2022
Unrestricted
Restricted
TOTAL Unrestricted
Restricted
TOTAL
Funds
Funds
FUNDS
Funds
Funds
FUNDS
£
£
£
£
£
£
25,354
1,281
26,635
-
-
-
380
120
500
-
223
223
-
-
-
275
-
275
3,000
-
3,000
4,760
1,500
6,260
800
-
800
1,000
-
1,000
800
-
800
1,000
-
1,000
4,000
-
4,000
3,000
1,500
4,500
300
-
300
-
-
-
800
-
800
1,000
-
1,000
2,913
-
2,913
2,365
-
2,365
353
1,282
1,635
-
-
-
-
-
-
2,000
-
2,000
38,700
2,683
41,383
15,400
3,223
18,623
2023
2022
Unrestricted
Restricted
TOTAL Unrestricted
Restricted
TOTAL
Funds
Funds
FUNDS
Funds
Funds
FUNDS
£
£
£
£
£
£
1
-
1
14
-
14
-
-
-
-
230
230
-
-
-
-
7,500
7,500
-
200
200
-
-
-
-
856
856
-
982
982
1,999
-
1,999
1,101
-
1,101
-
700
700
-
-
-
-
600
600
-
112
112
-
-
-
250
-
250
192
-
192
325
-
325
-
1,261
1,261
-
-
-
-
500
500
-
405
405
-
-
-
-
475
475
-
-
-
-
660
660
-
758
758
-
1,129
1,129
-
248
248
-
905
905
2,192
5,123
7,315
1,690
12,398
14,088
180
-
180
31
-
31
-
-
-
-
776
776
-
200
200
-
-
-
-
351
351
-
362
362
-
200
200
-
300
300
-
-
-
-
80
80
-
200
200
-
150
150
-
105
105
-
90
90
720
-
720
580
-
580
-
700
700
-
-
-
-
600
600
-
112
112
289
-
289
262
-
262
1,262
-
1,262
1,688
-
1,688
-
1,261
1,261
-
-
-
-
500
500
-
405
405
-
-
-
-
475
475
-
-
-
-
660
660
-
758
758
-
1,129
1,129
-
248
248
-
905
905
2,451
5,123
7,574
2,561
5,444
8,005

14

PAROCHIAL CHURCH COUNCIL OF ST ANDREW, BEDFORD

NOTES TO THE FINANCIAL STATEMENTS (continued) For the year ended 31 December 2023

6
STAFF COSTS
Salaries and Expenses
Employer's National Insurance Contributions*
Employer's Pension Contributions
Fees
Total Staff Costs		 2023
£
91,866
(277)
1,903
93,492
7,322
100,814		 2022
£
93,429
(3,413)
1,846
91,862
7,138
99,000

* Net of Statutory Maternity Pay and Shared Parental Pay

A grant from the Hall Trust enabled the PCC to employ the Centre Manager, two Administrative Assistants, Director of Music, Children and Families Minister, Children's Worker, Caretaker and Cleaner, together with funding the fees of the Verger, Locum Organists and Choristers.

(A grant from the Harpur Trust funded extra hours worked by the Administrative Assistant for the Money Advice Service in 2022).

7 RELATED PARTY TRANSACTIONS

There were related party transactions during the year and in 2022 as detailed below.

2023 2022
Name Basis of Payment Pension Basis of Payment Pension
payment made Contrib. payment made Contrib.
£ £ £ £
Gareth Burrows Fees 6,569 - Fees 6,242 -
Verger, payment on invoices received
Is a Member of St Andrew's Church PCC
Kelly Agler Good Salary - - Salary 8,760 394
Centre Manager, Employment contract
Is a Member of St Andrew's Church PCC
(to 1 May 2022)
Roseanne Kinvig-Love Salary 8,607 84 Salary 4,671 -
Children's Worker, Employment contract
Is a Member of St Andrew's Church PCC
Elisabeth Sutcliffe Salary 10,356 466 Salary 12,630 688
Children & Families' Minister, Employment contract
Her husband is a Member of St Andrew's Church PCC

15

PAROCHIAL CHURCH COUNCIL OF ST ANDREW, BEDFORD

NOTES TO THE FINANCIAL STATEMENTS (continued)

For the year ended 31 December 2023

8
CHURCH CENTRE
8(a) Church Centre Lettings (Income)
Rate 1: Commercial users
Rate 2: Community users
Rate 3: Church Members & Charities
Rate 4: Guides, Brownies & Rainbows
Other
Total Church Centre Lettings
8(b) Church Centre Expenditure
Maintenance
Office
Utilities
Other
Total Church Centre Expenditure
9
FIXED ASSETS
9(a) TANGIBLE FIXED ASSETS
COST
At 1 January 2023
Additions
At 31 December 2023
DEPRECIATION
At 1 January 2023
Charge for the year
At 31 December 2023
NET BOOK VALUE
At 1 January 2023
At 31 December 2023
9(b) FIXED ASSET INVESTMENTS
VALUE
Market Value at 1 January 2023
Dividends reinvested
Annual Revaluation
Market Value at 31 December 2023
SHARE HOLDING
At 1 January 2023
Dividends reinvested
At 31 December 2023		 Curate's
House
£
76,311
-
76,311
-
-
-
76,311
76,311
PCC
Investment
£
178,314
2,760
17,047
198,121
8,636.76
127.60		 2023
2022
£
£
5,620
2,066
17,166
15,945
9,604
8,636
3,808
2,566
3,705
2,471
39,903
31,684
9,165
7,698
1,000
1,550
11,571
4,817
379
828
22,115
14,893
Church
Centre
Office
Equipment
Fixtures &
Fittings
Total
£
£
£
£
253,569
30,551
768,193
1,128,624
-
-
15,489
15,489
253,569
30,551
783,682
1,144,113
(105,535)
(28,376)
(199,322)
(333,233)
(4,679)
(1,035)
(19,806)
(25,520)
(110,214)
(29,411)
(219,128)
(358,753)
148,034
2,175
568,871
795,391
143,355
1,140
564,554
785,360
PCC
PCC
KP Trust
Total*		 2023
2022
£
£
5,620
2,066
17,166
15,945
9,604
8,636
3,808
2,566
3,705
2,471
39,903
31,684
9,165
7,698
1,000
1,550
11,571
4,817
379
828
Property
Total
Total
Asset
£
£
£
£
18,961
197,275
382,794
580,069
-
2,760
-
2,760
(1,164)
15,883
27,992
43,875
17,797
215,918
410,786
626,704
14,755.48
23,392.24
60,719.44
84,111.68
-
127.60
-
127.60
8,764.36 14,755.48
23,519.84
60,719.44
84,239.28

16

PAROCHIAL CHURCH COUNCIL OF ST ANDREW, BEDFORD

NOTES TO THE FINANCIAL STATEMENTS (continued) For the year ended 31 December 2023

9 FIXED ASSETS (Continued)

9(c) FIXED ASSET INVESTMENTS of KP Trust - Analysis

VALUE
Market Value at 1 January 2023
Annual Revaluation
Market Value at 31 December 2023
SHARE HOLDING
At 1 January 2023
At 31 December 2023
10
DEBTORS
DEBTORS
Gift Aid recoverable
Centre Bookings
HMRC
Hall Trust
Accrued income
Other Debtors
Debtors
PREPAYMENTS
2024 Chellington / 2023 Deposit for Solar Panels
TOTAL DEBTORS
11
CASH AT BANK AND IN HAND
PCC
Cash
CAF Bank current account
CBF deposit account
NatWest - Fairtrade at St Andrew's
Fairtrade at St Andrew's - floats
KP Trust
CBF income account
TOTAL CASH AT BANK AND IN HAND		 CBF
Investment
Fund
CBF
Property
Fund
CBF Fixed
Interest
Securities
Fund
Total Fixed
Asset
Investments
£
£
£
£
324,600
51,919
6,275
382,794
30,806
(3,188)
374
27,992		 CBF
Investment
Fund
CBF
Property
Fund
CBF Fixed
Interest
Securities
Fund
Total Fixed
Asset
Investments
£
£
£
£
324,600
51,919
6,275
382,794
30,806
(3,188)
374
27,992
355,406
48,731
6,649
410,786
15,722.23
40,404.04
4,593.17
60,719.44
15,722.23
40,404.04
4,593.17
60,719.44
2023
2022
£
£
6,813
10,950
6,220
4,526
-
1,492
-
749
792
-
328
162
14,153
17,879
220
1,549
14,373
19,428
2023
2022
£
£
698
466
5,173
7,605
70,724
81,497
9,301
7,330
230
230
2,095
3,363
88,221
100,491
14,153
17,879
220
1,549
14,373
19,428
2023
2022
£
£
698
466
5,173
7,605
70,724
81,497
9,301
7,330
230
230
2,095
3,363
88,221
100,491

Notes

CAF stands for Charities Aid Foundation CBF stands for Central Board of Finance

17

PAROCHIAL CHURCH COUNCIL OF ST ANDREW, BEDFORD

NOTES TO THE FINANCIAL STATEMENTS (continued) For the year ended 31 December 2023

12
LIABILITIES: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023
2022
£
£
DEFERRED INCOME
CASA - Quavers and advance tickets for concerts
3,773
2,500
Other deferred income
3,615
4,800
HMRC
1,411
-
Legacies
-
1,968
Receipts in advance
2,042
683
ACCRUALS
Centre
1,955
1,984
Charitable giving
3,770
5,051
Church
1,600
4,265
Education
1,105
854
Fairtrade at St Andrew's
257
260
Hall Trust
2,436
-
HMRC
800
-
Ministry
40
154
Money Advice
-
1,094
Office
1,654
1,112
Other
-
90
Salaries and Fees
1,378
1,407
St Albans
474
574
Upkeep of Services
764
508
Utilities
5,841
3,142
TOTAL ACCRUALS & DEFERRED INCOME
32,915
30,446
13
UNRESTRICTED FUNDS
PCC
General
Curate's
Church
KP Trust
Total
House
Centre
£
£
£
£
£
Balance at 1 January 2023
836,974
76,311
148,034
386,157
1,447,476
Increase / (decrease) in funds in the year
(8,649)
-
(4,679)
26,724
13,396
Balance at 31 December 2023
828,325
76,311
143,355
412,881
1,460,872
14
RESTRICTED FUNDS
Fairtrade
Fund
Parrott
Fund
Youth
Fund
Total
£
£
£
£
Balance at 1 January 2023
20,698
5,472
1,587
27,757
Receipts
20,933
-
-
20,933
Payments
(17,619)
-
-
(17,619)
Balance at 31 December 2023
24,012
5,472
1,587
31,071		 12
LIABILITIES: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023
2022
£
£
DEFERRED INCOME
CASA - Quavers and advance tickets for concerts
3,773
2,500
Other deferred income
3,615
4,800
HMRC
1,411
-
Legacies
-
1,968
Receipts in advance
2,042
683
ACCRUALS
Centre
1,955
1,984
Charitable giving
3,770
5,051
Church
1,600
4,265
Education
1,105
854
Fairtrade at St Andrew's
257
260
Hall Trust
2,436
-
HMRC
800
-
Ministry
40
154
Money Advice
-
1,094
Office
1,654
1,112
Other
-
90
Salaries and Fees
1,378
1,407
St Albans
474
574
Upkeep of Services
764
508
Utilities
5,841
3,142
TOTAL ACCRUALS & DEFERRED INCOME
32,915
30,446
13
UNRESTRICTED FUNDS
PCC
General
Curate's
Church
KP Trust
Total
House
Centre
£
£
£
£
£
Balance at 1 January 2023
836,974
76,311
148,034
386,157
1,447,476
Increase / (decrease) in funds in the year
(8,649)
-
(4,679)
26,724
13,396
Balance at 31 December 2023
828,325
76,311
143,355
412,881
1,460,872
14
RESTRICTED FUNDS
Fairtrade
Fund
Parrott
Fund
Youth
Fund
Total
£
£
£
£
Balance at 1 January 2023
20,698
5,472
1,587
27,757
Receipts
20,933
-
-
20,933
Payments
(17,619)
-
-
(17,619)
Balance at 31 December 2023
24,012
5,472
1,587
31,071		 12
LIABILITIES: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023
2022
£
£
DEFERRED INCOME
CASA - Quavers and advance tickets for concerts
3,773
2,500
Other deferred income
3,615
4,800
HMRC
1,411
-
Legacies
-
1,968
Receipts in advance
2,042
683
ACCRUALS
Centre
1,955
1,984
Charitable giving
3,770
5,051
Church
1,600
4,265
Education
1,105
854
Fairtrade at St Andrew's
257
260
Hall Trust
2,436
-
HMRC
800
-
Ministry
40
154
Money Advice
-
1,094
Office
1,654
1,112
Other
-
90
Salaries and Fees
1,378
1,407
St Albans
474
574
Upkeep of Services
764
508
Utilities
5,841
3,142
TOTAL ACCRUALS & DEFERRED INCOME
32,915
30,446
13
UNRESTRICTED FUNDS
PCC
General
Curate's
Church
KP Trust
Total
House
Centre
£
£
£
£
£
Balance at 1 January 2023
836,974
76,311
148,034
386,157
1,447,476
Increase / (decrease) in funds in the year
(8,649)
-
(4,679)
26,724
13,396
Balance at 31 December 2023
828,325
76,311
143,355
412,881
1,460,872
14
RESTRICTED FUNDS
Fairtrade
Fund
Parrott
Fund
Youth
Fund
Total
£
£
£
£
Balance at 1 January 2023
20,698
5,472
1,587
27,757
Receipts
20,933
-
-
20,933
Payments
(17,619)
-
-
(17,619)
Balance at 31 December 2023
24,012
5,472
1,587
31,071		 2023
2022
£
£
3,773
2,500
3,615
4,800
1,411
-
-
1,968
2,042
683
1,955
1,984
3,770
5,051
1,600
4,265
1,105
854
257
260
2,436
-
800
-
40
154
-
1,094
1,654
1,112
-
90
1,378
1,407
474
574
764
508
5,841
3,142
828,325
76,311
143,355
412,881
1,460,872
Fairtrade
Fund
Parrott
Fund
Youth
Fund
Total
£
£
£
£
20,698
5,472
1,587
27,757
20,933
-
-
20,933
(17,619)
-
-
(17,619)
24,012
5,472
1,587
31,071
24,012
5,472
1,587
31,071

The Fairtrade Fund: Relates to the funds donated in July 2013 and the net profit to 31st December 2023 less transfer of £11K to Unrestricted Funds in 2021.

The Parrott Fund: Relates to the bequests from the estates of Maurice and Greta Parrott.

The Youth Fund: Restricted to the activities of the Noah's Ark group and other youth work.

15 ANALYSIS OF NET ASSETS BETWEEN FUNDS

15
ANALYSIS OF NET ASSETS BETWEEN FUNDS		 15
ANALYSIS OF NET ASSETS BETWEEN FUNDS
Fund Balances at 31 December 2023
are represented by:
Tangible fixed assets
Investment assets
Current assets
Current liabilities
16
CAPITAL EXPENDITURE
Solar Panels
15,489
15,489		 ~~U~~nrestricted
Total
PCC
KP
Church
Restricted
Centre
£
£
£
£
£
642,005
-
143,355
-
785,360
215,918
410,786
-
-
626,704
79,628
2,095
-
31,071
112,794
(32,915)
-
-
-
(32,915)
904,636
412,881
143,355
31,071
1,491,943
17
TRANSFER OF FUNDS
Hall Trust - Solar Panels
6,196
Bedford Borough Council - Solar panels
7,087
13,283
15,489
13,283

18