## **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: - Worship and prayer; learning about the Gospel; and developing their knowledge and trust in Jesus. - Provision of pastoral care for people living in the parish. - Missionary and outreach work. ## **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: - Following a Planned Giving campaign, increase in Planned Giving to £124,389 (2022 - £100,944). - Hall Trust grants to fund projects increased from nearly £3,000 to £9,200. The project - in 2023 was the installation of the solar panels on the roof of the centre. Bedford Borough Council gave a grant of just over £7,000 to assist with the funding of this project. In addition, the Hall Trust funded the new pathway up to the church door. - The Hall Trust funding of salaries and expenses was £97,000, (2022 £90,300). - Church lettings income increased to nearly £40,000 (2022 £31,000) due to the fact that - management of the centre enabled a greater volume of usage across the range of facilities. • Income from Legacies totalled £7,000. - Rental income from 5 St Minver was £4,000 (2022: £12,000) because the rental ended - in April 2023 to allow repairs to be undertaken ahead of the arrival of our new curate - Fund raising decreased to £7,300 (2022 £14,000). The latter figure included £7,500 - relating to the Centenary Cross. Of the Resources Expended of £429,257, (2022 £372,485) the major changes were - Fund Raising and Charitable Giving together totalled over £48,000 (2022 £26,600). - This included a grant of £25,000 to assist the Bedford Winter Night Shelter commence the planned provision for the winter of 2023/2024. - Parish Share was marginally up at £131,600 - Salaries were up by over £6,500 - Church repairs were up slightly to nearly £9,500 – this includes the new pathway - Church energy costs were up by over £11,000 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 - 5 St Minver (house for curates) underwent a major project to eliminate problems with - Depreciation was up slightly by £800 ## **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**|| - **See page 17 for an analysis of the Fixed Asset Investments of the KP Trust** 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