2023-12-31-accounts

ST MARYS ALVERSTOKE PCC

Annual Report and

Financial Statements of the Parochial Church Council

For the year ended 31[st] December 2023 Registered Charity Number :1130178

Rector:

The Revd Andrew Norris Alverstoke Rectory Little Anglesey Road Gosport PO12 2JA

Independent Examiners Ltd

Unit 2 The Broadbridge Business Centre Delling Lane Bosham PO18 8NF

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ST MARYS ALVERSTOKE PCC

CONTENTS

Page 3 Legal and Administrative Information Page 4 - 10 Trustees' Report Page 11 Independent Examiner's Report to the Trustees Page 12 Statement of Financial Activities Page 13 Balance Sheet Pages 14 - 19 Notes to the Financial Statements Pages 20 – 26 Sub Fund Financials

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ST MARYS ALVERSTOKE PCC

LEGAL AND ADMINISTRATIVE INFORMATION

CHARITY REGISTRATION NUMBER

NUMBER 1130178 DATE OF REGISTRATION 16 June 2009 START OF FINANCIAL YEAR 1st January 2023

END OF FINANCIAL YEAR 31st December 2023

LEGAL STATUS Registered Charity

GOVERNING INSTRUMENT

PAROCHIAL CHURCH COUNCIL POWERS MEASURE (1956) AS AMENDED AND CHURCH REPRESENTATION RULES

OBJECTS

Religious activities of the Church of England. General charitable purposes irrespective of sex, sexual orientation, race or of religious & political opinions. Provide services & support to the people of the community. Provision of buildings & open spaces for the benefit of the community.

CORRESPONDENCE ADDRESS

St. Marys Church Parish Centre Green Road GOSPORT PO12 2ET

PRIMARY BANKERS

Lloyds Bank 20 High Street GOSPORT Hampshire PO12 1DE

INDEPENDENT EXAMINER

K Gomes Independent Examiners Ltd Unit 2 The Broadbridge Business Centre Delling Lane Bosham PO18 8NF

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St. Mary with St.Faith and St.Francis, Alverstoke Annual Report of the Parochial Church Council For the Year Ended 31st December 2023

Administrative Information

St. Mary's Church is situated in the Parish of Alverstoke with St.Faith's building serving the northern part of the parish and St.Francis' the east. It is part of the Diocese of Portsmouth within the Church of England. The correspondence address is Alverstoke Parish Office, Green Road, Alverstoke, PO12 2ET.

The Parochial Church Council (PCC) is registered with the Charity Commission and the charity number is 1130178.

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

Clergy:	Andrew Norris	Rector / Chair
	Steve Dent	Associate Vicar
Churchwardens:	Graham Collins	(2020)
	Sarah Savery	(2022)
Deanery Synod Representatives	Margaret Poole	(2020 – 2023)
	Mike Critchley	(2020 – 2023)
	Debbie Thomas	(2023 – 2026)
	Michael Lane	(2023 – 2026)
	Graham Collins	(2023 - 2026)
District Church Representatives	St. Faith	Denise Wing (2023)
(elected by district churches)	St. Francis	Liz Hussain (2023)
Elected Members:	Kim Beazley	(2020 – 2023)
	Sarah Savery	(2021 – 2023)
	Philippa Harrap	(2021 – 2023)
	Bill Lock	(2021 – 2023)
	Peter Ford	(2021 – 2024)
	Sarah Oakley	(2021 – 2023)
	Julie Fieldsend	(2021 – 2023)
	Rebecca Strong	(2022 – 2025)
	Mark Turvey	(2022 – 2025)
	Cindy Edge	(2023 – 2025)
	Hazel Ward	(2023 – 2025)
	Margaret Poole	(2023 – 2026)
	Michael Lane	(2023 – 2026)
	Evie James	(2023 – 2026)
	Debbie Thomas	(2023 – 2026)
Co-opted Members: Lay Chair	Bill Lock	(2023)
Treasurer	Kay Howard	(2023)
Ex-Officio Members:
St.Mary's Church Administrator	Peter Camp	(to Feb 2023)
Safeguarding Lead Recruiter	Jan Windsor

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Structure, Governance and Management

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.

Objectives and Activities

The Parochial Church Council shares with the Rector, the Revd. Andrew Norris, in deciding upon the 'policy' of the parish by which it is appointed to 'co-operate with the Incumbent in promotion in the ecclesiastical parish the whole mission of the Church' (PCC Measure 1956); pastoral, evangelistic, social and ecumenical. To this end the vision of the parish is Sharing God's Love in the Community.

The three churches of St. Mary’s, St. Faith’s and St.Francis’s provide for great breadth and variety both in worship and opportunity for serving the communities that make up the parish. This is also expressed through the ministry at St. Luke's which is under the oversight of the parish and serves the growing Royal Haslar community.

The PCC has maintenance responsibilities for the three churches of St. Mary’s, St. Faith’s and St. Francis’s along with the Parish Centre, The Brodrick Hall, The Junior Sailing Club and St. Mark’s Churchyard. All the buildings and fabric are well maintained. On behalf of the PCC the District Church Committee oversees the care of both St. Francis Church and St. Faith’s Church. Management groups support the PCC in the care of The Parish Centre, The Brodrick Hall, the Sailing Club and St. Mark’s Churchyard so that they can effectively serve the wider community of the parish and Gosport. The PCC is grateful to 'The Friends of St. Mary’s' for all the support they afford towards the maintenance of the Parish Church.

The PCC has had responsibility as employer towards the following staff: the Director of Music, the Parish Administrator, the Communications Administrator, the Schools & Families Lead, the Facilities Manager, the Baby & Toddler Group Leader and the Parish Centre, Brodrick Hall and church cleaners.

Achievements and Performance:

There were 302 (+12) parishioners on the Electoral Roll.

Church Attendance from the annual Diocesan Statistics for Mission returns:

The parish's usual worship in person attendance* in 2023 was 173 adults and 14 under 16's. St.Mary's was 129 (-14) with 12 (-2) under 16; St.Faith's was 8 (-2) with O under 16; St.Francis was 25 (+5). All services were stewarded by the Churchwardens, Sidesmen and Lay Worship Leaders for whom training was provided.

*A Sunday service is livestreamed from St.Mary's with about 24 (-10) worshippers each week (making the St.Mary’s regular congregation both in attendance and livestreamed to be 153).

The following ceremonies were conducted during 2023:

Weddings and Blessings, 5 Baptisms and Thanksgivings, 2

Funerals, 39

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PCC Review of the Year

2023 was the year of the Coronation of His Majesty King Charles III. The parish shared in this with special services and with the Coronation on the big screen in St. Mary’s for any in the community to share in this moment in our national life.

The PCC met six times in person during 2023 where the average level of attendance was over 80 per cent plus a vision/prayer morning. The Standing Committee met six times; reports of which were received by the PCC.

The other working groups and committees of the PCC were: Finance, Pastoral, Parish Centre Management, Brodrick Hall Management, St. Francis' District Church Committee, St. Faith’s Committee, the Junior Sailing Club Executive, the St. Luke’s Advisory Group, The Parish Centre Regeneration Group, the General Data Protection Regulation Group, the St. Mark’s Churchyard heritage group plus a new Finance Recovery Group.

Paramount importance was placed by the PCC upon ensuring that all procedures surrounding the Safeguarding of Children and Vulnerable Adults were implemented, along with attention being given to risk assessments plus health and safety. These included appropriate and ongoing training regarding safeguarding, food hygiene and for those Sidesmen and others involved in hosting services and events.

A group continued to guide the PCC regarding General Data Protection Legislation (GDPR) whilst Safer Recruitment guidelines have led to the provision of 'role descriptions' for all parish voluntary roles. GDPR guidelines for Electoral Roll membership including storage of personal details, contact and photograph permissions were followed.

The PCC and parish community were saddened and shocked by the death in February of long serving worshipper and member Peter Camp. A full and moving memorial service was held for Peter in March in gratitude for his many years of service to the church and parish as Verger, administrator, founder and chair of The Friends of St.Mary’s. Peter served in so many ways that it took most of the rest of 2023 to catalogue and appreciate all the work he did. We’re grateful for a faithful servant who quietly enabled the church to flourish in ministry and mission.

The Spring saw the training of 30 Lay Worship Leaders from the parish on a new course designed to enable members to be accredited to lead our worship. Each of our churches now has teams of members who assist and lead acts of worship – plus those leading in care homes. This team reflect the way the Church of England is equipping and growing towards the future. We’re thankful to those who now assist and lead our worship – this enabled our Rector, Revd Andy Norris to be able to have a sabbatical from ministerial duties during May to July. For this he and Libby Norris walked a pilgrimage from Lindisfarne to Iona and hosted a Harvest Supper to share their adventures. To undertake this, we were also grateful to one-time parish clergy The Ven Trevor Reader and Revd Phil Hiscock, who along with Revds Steve Dent and Jon Backhouse officiated at our communion services.

The major ongoing project of the PCC is the Regeneration of the Parish Centre with the aim of building a new centre for the benefit of the community. The PCC's purpose is that a new centre should be a 'servant' and add much of value to the lives of people in the wider community. To this end the Parish Centre Regeneration Project continued to strive through 2023 with Fundraising. The Capital Grants Group faced disappointments in its work to secure substantive grant funding and explored other avenues for donations and pledges. This is a significant project and whilst the work of the new centre has been the focus the evident spin off has been the breadth of community involvement with so many people supporting the regeneration. Through 2023 fundraising activities all added much social and community value. The PCC is very thankful to both the voluntary and professional teams for the work and expertise they offered to this significant infrastructure project for our community.

Throughout 2023 our overseas partnerships with The Vine Trust (with a medical ship in Peru) and GLO (Great Lakes Outreach in Burundi) continued. Fundraising and gifts led to significant donations being sent to each of the charities. The PCC are very grateful for all this support and generosity in favour of our overseas partners. In addition to this but down from previous years

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some £1000 was also raised for Christian Aid through the annual and special appeals.

The chaplaincy of Revd Steve Dent as 'Honorary Chaplain Gosport War Memorial Hospital and Associate Minister' continued during 2023. The whole parish will be grateful for the dedicated work of hospital staff on the front line, and care workers who serve our community. Beyond the hospital, as associate vicar, Steve applied himself to the parish and acted as line manager for our Anna Chaplains plus hosting a full Lent Course and, with his technical skills, maintained our online worship Livestreaming presence and attended to PA sound engineering issues in St. Mary’s. We're very grateful to Steve for serving in his licensed role in the parish as a volunteer.

Parish Home Groups continued to meet throughout the year. Taken together parish home groups enable about 100 people stay connected in fellowship, prayer and discipleship.

The parish worked closely with our local schools during 2023 where members of the congregation serve among the staff or as governors. Six schools truly value the ministry of our 'Open The Book' assemblies team. All the 6 primary schools visited our churches through the year for different Festivals and celebrations, learning experiences and at the Christmas Tree Festival. Challenges remain in terms of providing 11 Foundation Governors and Ex-Officio Governorship to the church schools of the parish. The CofE schools are the Leesland CE Federation (2 schools: infant and junior) and Alverstoke CE Junior School. The ongoing Forging Links Committees with the schools provided a good forum for the relationship of parish and each of the schools.

In June the PCC were pleased to appoint Lizzie Sykes-Little to be our staff ‘Schools & Families Lead’. This was in succession to our ‘Families Coordinator’ post which, until Spring 2023, had been temporarily covered by Libby Norris to whom we’re very grateful. Expertise was brought to the appointment process by the appointments group made of Jane Jones, Peter Fieldsend, Marja Street & Libby Norris.

The vital work of our Baby & Toddler Groups continued, two under the leadership of a paid leader, Natasha Hurst, and Bumblebees in Leesland. Family Fusion activities, the Forces Forces Family Tea, the Sunday groups, the Open the Book schools team. All these activities rely upon the regular commitment of a significant team of volunteers which, on Sundays, impacts their own participation in worship. To them and for their continued support we are very grateful for this is a ministry they perform on behalf of the whole parish. This extends to our other groups with young people such as The Junior Choir Singing Club and St.Mary's Junior Sailing Club. The ecumenical midweek teenage group continued to meet in the Parish Centre for 15-18 year olds.

The ministry of music has been a blessing. Paul Pilott our Director of Music, Organist and Choirmaster has nurtured the choir back to full strength through the 'monthly' full choral evensongs. The music Worship Group always seeks new members to provide the music for Church Alive. We’re grateful for the music ministry of Anne Beazley in helping nurture and sustain this ministry in partnership with Paul. The orchestra with Paul Pilott plays monthly at Church Alive and at Christmas services.

The PCC are grateful to the Parish Centre staff (Kate Warstone – Administrator, Rachel Pipe – Communications) serve from the parish office. They also have extended elements within their roles with support being given to the Regeneration Project and to the Rector. The weekly mailing now has a weekly distribution of over 600 addresses and the social media pages an even larger community. The office staff have worked hard to help our venues serve our wider community.

The Facilities Manager, Graham Bell, worked tirelessly in support of our buildings and plant. His is a strategic role in respect of our responsibility towards 5 buildings and 7 sites to which he has brought his expertise and wisdom whilst affording much support to the different groups that care for our buildings.

Kate Warstone continued as Deputy Warden at St.Faith’s in which voluntary role she has given a lead to the promotion of St.Faith’s and its servanthood at the heart of Leesland. This includes the establishment of the St.Faith’s Hub (a creative drop-in, warm space, food bank, clothing swap, with crafts and pastoral care). The need of this Hub and the other expressions of service at

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St.Faith’s are demonstrating the vitality of the church at the heart of the community. Thank you, Kate, with a small team for being the inspiration behind this as an expression of the ongoing work of pioneering in Leesland.

Through 2023 the role of Treasurer was ‘shared’ with a small finance team. Through 2023 the team focussed on finance recovery and on our investments. We’re grateful to Peter Ford (accounts), Kay Howard (receipts/gift aid) and Kim Beazley (investments/strategy) for this hard work. The team is completed with the sub-fund treasurers of St. Francis (Bev Harris), St. Faith’s plus St. Luke’s (Mark Trasler), Brodrick Hall (Graham Collins), Parish Centre plus Parish Centre Regeneration and the Organ Fund (Peter Ford), Junior Sailing Club (Shiona Heron), St. Mark’s Churchyard Cemetery (Peter Newell), Choir Fund (Jean Morgan) and Flower Guild (Sue Craven)– to them all, the ‘chairs’ and those who serve on these various committees the PCC wish to express our thanks.

The PCC are grateful to all our direct employees for their hard work and diligence through 2023 – to Pauline and those who clean our premises, Kate our Administrator, Rachel at Communications, Paul as St. Mary’s 'Organist & Director of Music', Natasha our 'Baby & Toddler Group Leader', Lizzie our Schools & Families Lead and Graham our Facilities Manager. They served us as employees beyond the call of duty and offer their work as an expression of ministry; to them the PCC are very thankful. The offer of the NEST pension scheme is available to our paid staff.

The Brodrick Hall site hosts the Gosport District Scout HQ which is leased from the PCC. St. Mary’s Church hosts a EE mobile telecoms mast and a new lease was agreed in 2022.

In the parish our ministers with Permission to Officiate are Paddy Trasler and Diana Dow and Revd Humphrey Prideaux. For the pastoral friendship they offer and worship they host we are very grateful. The parish is also faithfully helped by Revds. Ian Rutherford and Phil Hiscock who officiate at the monthly communion in St. Luke’s, Haslar. Our thanks to those who continue to serve in retirement.

The Anna Chaplains – Evie James and Lizzie Sykes-Little – lead a small team of pastoral assistants with visits to 8 care/nursing homes and to older people in their own homes. They are also able to officiate at worship and crematorium funerals. This ministry is flourishing in our care homes and new doors keep being opened to this team of volunteers – thank you.

Prior to the pandemic there were some 275 volunteers who served in and through the church. It felt as though the pandemic had significantly reduced this number and so it was with gratitude that, in our Month of Thankfulness in October 2023 we were able to identify well over 200 volunteers still actively serving God’s kingdom through the church in this parish. This Body of Christ in community we celebrated across the parish with a special United Service in November.

We gave thanks for the frontline ministry of Christ in our community expressed through the voluntary activity of all members. It is this offering of ministry through every member which is the true expression of our worship and life as a church across this parish. In addition to this is all the extra witness that is continually offered in acts of service by every member in their daily life, home and workplace - and also that volunteering offered by others in the past. This is what expresses the gifts and hallmarks of God's kingdom in serving and transforming lives and society in love, mercy and justice. All that is offered is truly moving and a cause for great thankfulness by the PCC and across our church fellowship and community.

There are friends who’ve served so actively and faithfully over the years and 2023 saw the sad loss of a number of those with whom we’ve been privileged to share in the fellowship of the church. We miss them dearly as we remember and thank the Lord for the privilege of being the Body of Christ together with them.

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PCC Financial Review

We continue to manage our finances carefully to cope with increasing energy costs and general inflation whilst continuing, and in some areas, expanding our ministry. We have also improved our liquidity by transferring £60,000 from long-term investments into a 32 day notice account.

Income for the year increased by 13% to £332,250 partly due to generous donations and legacies. Income from our sub-funds increased as we recovered from Covid restrictions. However, our core income from planned giving, via the Parish Giving Scheme (PGS) and standing orders, declined 12% to £78,687. This is a continuing trend despite our best endeavours to encourage parishioners to use the PGS.

We have managed to control expenditure in the face of inflation which affected many costs. Expenditure increased by 6% to £332,549 as we seek to expand our ministry in the community. This has required the appointment of staff to support families, parents & toddlers, schools, and youth work. Staff costs have also increased to cover administration work previously undertaken by retired clergy. In addition, a Facilities Manager was appointed to oversee the maintenance of our five major parish buildings.

To address the reduction in planned donations, we continue to promote the Church of England PGS. This has the dual benefits of simplifying Gift Aid collection and inflation linkage of donations. We continue to offer contactless card payment options at St Mary’s which is used on a regular basis by visitors to our beautiful historic church.

We report a small deficit for the year of £299 compared to a much larger deficit the previous year of £18,218. The value of our investments increased by £ 37,947 compared to the reduction of £54,151 last year. This is a welcome improvement but does reflect the volatility in the money markets. Overall, our total funds increased by 4% to £1,163.383.

We continue to be grateful for the support received in respect of the Choir Fund, The Flower Guild, St. Mark’s Churchyard and St. Luke’s Church plus the Friends of St. Francis, the Organ Fund, Parish Centre, the Brodrick Hall and St Mary’s Sailing Club. These all feature within the accounts along with the accounts of the Parish Centre Regeneration Project. In addition to this the PCC record their thanks to The Friends of St. Mary’s for their independent support towards the upkeep and care of St. Mary’s Church building.

The PCC were also grateful for the generous donations of parishioners in respect of the mission partnerships, which support some of the poorest communities in Africa and South America.

Our liquid reserves of cash and short-term deposits remain adequate to service our ministry in the local community and overseas aid projects.

PCC Reserves and Investment Policies

It is the PCC policy to maintain a balance of reserve funds which equates to at least six weeks’ unrestricted payments, to cover emergency situations that may arise from time to time. It is the PCC policy to invest funds in property, the CBF Church of England Deposit Fund and Government Stock.

Subject to independent examination the accounts were approved at the meeting of the Parochial Church Council on …16.4.24………….

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ST MARYS ALVERSTOKE PCC Annual Report of the Parochial Church Council For the Year Ended 31st December 2023

TRUSTEES' REPONSIBILITIES

The Charities Act 2011 requires the Trustees to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the trust and of the surplus of the trust for that period. In preparing those financial statements the trustees are required to

i) Select suitable accounting policies and apply them consistently

ii) Make judgements and estimates that are reasonable and prudent

iii) Prepare financial statements on the going concern basis unless it is inappropriate to presume that the trust will continue in existence.

The Trustees are responsible for keeping proper accounting records, which disclose with reasonable accuracy at any time the financial position of the trust. They are also responsible for safeguarding the assets of the trust and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

Approved by the Trustees on the ……………………………………

Signed ……………………………………………………………..

Name……………………………………………………………….

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INDEPENDENT EXAMINER’S REPORT ON THE ACCOUNTS

I report to the charity Trustees on my examination of the accounts of the charity for the year ended 31 December 2023 which are set out on pages 11 to 26.

Respective responsibilities of Trustees and examiner

As the charity’s Trustees of St Marys Alverstoke PCC you are responsible for the preparation of the accounts in accordance with the requirements of the Companies Act 2006 (‘the 2006 Act’).

Having satisfied myself that the accounts of St Marys Alverstoke PCC are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination of your charity’s accounts as carried out under section 145 of the Charities Act 2011 (‘the 2011 Act’). In carrying out my examination I have followed the Directions given by the Charity Commission under section 145(5)(b) of the 2011 Act.

Independent examiner’s statement

Since St Marys Alverstoke PCC gross income exceeded £250,000 your examiner must be a member of a body listed in section 145 of the 2011 Act. I confirm that I am qualified to undertake the examination because I am a fellow member of the Association of Charity Independent Examiners, which is one of the listed bodies.

I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe:

1. accounting records were not kept in respect of St Marys Alverstoke PCC as required by section 386 of the 2006 Act; or

2. the accounts do not accord with those records; or

3. the accounts do not comply with the accounting requirements of section 396 of the 2006 Act other than any requirement that the accounts give a ‘true and fair view' which is not a matter considered as part of an independent examination; or

4. the accounts have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities.

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 understanding of the accounts to be reached.

Date :22.4.24

Signed :

K Gomes FCIE MAAT Independent Examiners LTD Unit 2,The Broadbridge Business Centre Delling Lane Bosham West Sussex PO18 8NF

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ST MARYS ALVERSTOKE PCC

STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDING 31 DECEMBER 2023

(Incorporating Income and Expenditure Account)

Notes INCOMING RESOURCES Incoming Resources from Generated Funds Donations & Legacies 3a Charitable Activities 3b Other Incoming Resources 3c Sub Funds 3d TOTAL INCOMING RESOURCES RESOURCES EXPENDED Costs of Generating Funds Charitable Activities 4a Sub Funds 4b TOTAL RESOURCES EXPENDED NET INCOMING/ (OUTGOING) RESOURCES Fund Movement Gain on disposal of Asset Net Movement in Funds Total Funds Brought Forward TOTAL FUNDS CARRIED FORWARD	Unrestricted Restricted Endowment TOTAL TOTAL Funds Funds Funds 2023 2022 £ £ £ £ £ 161,340 7,657 - 168,997 163,037 37,831 17 - 37,848 26,402 18,456 19 - 18,475 21,303 69,733 37,197 - 106,930 84,582
	287,360 44,890 - 332,250 295,324
	233,646 5,799 - 239,445 230,900 67,627 25,477 - 93,104 82,643
	301,273 31,276 - 332,549 313,543
	(13,913) 13,614 - (299) (18,218) 63,730 3,730 - 60,000 - - - 9,289 - 28,658 37,947 (54,151)
	59,106 9,884 31,343 - 37,648 (72,369)
	320,631 396,117 408,988 1,125,736 1,198,105
	379,737 406,001 377,646 1,163,383 1,125,736

Movements on all reserves and all recognised gains and losses are shown above. All of the organisation's operations are classed as continuing.

The notes on pages 14 to 26 form part of these financial statements.

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ST MARYS ALVERSTOKE PCC

BALANCE SHEET

(Registration Number 1130178)

AS AT 31ST DECEMBER 2023

Note Fixed Assets 2 Tangible Assets Investments Current Assets Stock Debtors & Prepayments 6 Cash at Bank and in Hand 5 Sub Funds Bank Total Current Assets 7 NET CURRENT ASSETS TOTAL ASSETSless current liabilities NET ASSETS Funds of the Charity General Funds Restricted Funds Endowment Funds 2 Total Funds Creditors:amounts falling due within one year	Unrestricted Restricted Endowment 31-Dec-23 31-Dec-22 Funds Funds Funds Total Total £ £ £ £ £ 200,000 - - 200,000 200,000 9,289 - 377,646 386,935 408,988
	209,289 - 377,646 586,935 608,988 564 - - 564 564 1,373 - - 1,373 2,775 113,852 53,080 - 166,931 122,858 57,378 352,921 - 410,299 395,106
	173,167 406,001 - 579,168 521,303
	2,719 - - 2,719 4,555 170,448 406,001 - 576,449 516,748
	379,737 406,001 377,646 1,163,384 1,125,736
	379,737 406,001 377,646 1,163,383 1,125,736
	379,737 - - 379,737 320,631 - 406,001 - 406,001 396,117 - - 377,646 377,646 408,988
	379,737 406,001 377,646 1,163,383 1,125,736

Approved by the Parochial Church Council and signed on its behalf by:

Print Name: Date:

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ST MARYS ALVERSTOKE PCC

NOTES TO THE AGGREGATED FINANCIAL STATEMENTS FOR THE YEAR ENDING 31 DECEMBER 2023

1. ACCOUNTING POLICIES

The financial statements of the PCC have been prepared in accordance with the Church Accounting Regulations 2006 together with applicable accounting standards and the SORP 2015.

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

Funds

Endowment funds are funds, the capital of which must be maintained; only income arising from investment of the endowment may be used either as restricted or unrestricted funds depending upon the purpose for which the endowments was established.

Restricted Funds represent (a) income from trusts or endowments which may be extended only on those restricted objects provided in the terms of the trust or the bequest, and (b) donations or grants received for a specific object or invited by the PCC for a specific object. The funds may only be expended on the specific object for which they were given. Any balance remaining unspent at the end of each year must be carried forward as a balance on that fund. The PCC does not usually invest separately for each fund. Where there is no separate investment, interest is apportioned to individual funds on an average balance basis.

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

Incoming Resources

Planned giving, collections and donations are recognised when received. Tax refunds are recognised when the incoming resource to which they relate are received. Grants and Legacies are accounted for when the PCC is legally entitled to the amounts due. Dividends are accounted for when receivable, interest is accrued. All other income is recognised when it is receivable. All incoming resources are accounted for gross.

Resources Expended

Grants and donations are accounted for when paid over, or when awarded, if that award creates a binding obligation on the PCC. The diocesan quota or parish share is accounted for when due. Amounts received specifically for Mission are dealt with as restricted funds. All other expenditure is generally recognised when it is incurred and is accounted for Gross.

Fixed Assets

No Value is placed on movable church furnishings held by the church wardens on special trust for the PCC and which require a faculty for disposal since the PCC considers this to be inalienable property. All expenditure incurred during the year on consecrated or benefice buildings and movable church furnishings, whether maintenance or improvement, is written off as expenditure in the SOFA and separately disclosed.

Equipment used within the church premises is depreciated on a straight line basis over 4 years. Individual items of equipment with a purchase price of £1,000 or less are written off when the asset is acquired.

Investments are valued at market value at 31st December 23.

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ST MARYS ALVERSTOKE PCC

NOTES TO THE FINANCIAL STATEMENTS (continued) FOR THE YEAR ENDING 31 DECEMBER 2023

2. TANGIBLE FIXED AND INVESTMENT ASSETS

Fixed assets - relate to the notional value of the Parish Centre and Brodrick Hall Accounts. Details are recorded in the subfund accounts.

13737 Shares in CBF Investment Fund 1663 Shares in CBF Investment Fund 1250 Shares in CBF Investment Fund 7278 Shares in CBF Fixed Interest Securities Fund Transfer to Unrestricted Funds Reinvested Investment Assets -* Endowment Funds	Unrealised Gains/(Loss) Market Value 31/12/2023 Market Value 31/12/2022 (28,273) 310,543 338,816 3,233 37,593 34,360 2,431 28,265 25,834 556 10,534 9,978 60,000 - -
	37,947 386,935 408,988

*16399 shares in the CBF Investment Fund were sold on 16/05/2023 for £348,106. £60,000 was deposited in a 32 day notice account with Lloyds Bank to improve our liquidity. The remaining £288,106 was reinvested in another CBF Investment Fund. The value of the CBF Investment Fund and 32 day Notice Account increased by £23,205 to £371,311 as at 31/12/2023.

3. INCOMING RESOURCES a) Donations & Legacies Gifts & Donations Grants Gift Aid b) Charitable Activities Fundraising events Parish Buildings Church Weddings Funerals c) Other Incoming Resources Sundry Income Dividends & Interest Mobile Phone Mast Sale of Property d) Sub Funds St Faiths St Francis Parish Centre Brodrick Hall Organ Fund	Unrestricted Restricted Endowment TOTAL TOTAL Funds Funds Funds 2023 2022 £ £ £ £ £ £139,374 7,565 - 146,939 133,919 - - - - 1,732 21,966 92 - 22,058 27,386
	161,340 7,657 - 168,997 163,037
	11,609 - - 11,609 10,484 19,912 - - 19,912 9,014 6,310 17 - 6,327 6,904
	37,831 17 - 37,848 26,402
	1,829 - - 1,829 970 12,377 19 - 12,396 14,080 4,250 - - 4,250 6,250 - - - - 3
	18,456 19 - 18,475 21,303
	19,907 - - 19,907 7,193 10,684 38 - 10,722 8,642 18,875 32,646 - 51,521 52,979 20,267 - - 20,267 14,440 - 4,513 - 4,513 1,328
	69,733 37,197 - 106,930 84,582

15

ST MARYS ALVERSTOKE PCC

NOTES TO THE FINANCIAL STATEMENTS (continued) FOR THE YEAR ENDING 31 DECEMBER 2023

3. RESTRICTED FUNDS	Balance Income Expendi- Balance 01-Jan-23 ture 31-Dec-23 42,367 - 42,367 2,708 5,150 3,295 - 4,563 1,290 - 529 - 761 8,905 1,248 856 3,730 - 5,567 4,109 - 110 - 3,999 475 1,296 1,009 - 762 Inter Transfer
St Mary's Alverstoke Privet Place Deposit Choir Fund Flower Fund Overseas Partnerships & Other Funds St Lukes St Marks Friends of St Francis Organ Fund Parish Centre Regeneration Project Unrestricted TOTAL RESTRICTED FUNDS 4. RESOURCES EXPENDED a) Charitable Activities Parish Share Staff Payroll & Expenses 8 Charitable Donations Heating Oil, Electric & Water Insurance Maintenance & Repairs Office Running Costs Fundraising & Campaign Expenses Examination Fee Other Costs b) Sub Funds St Faiths St Francis Parish Centre Brodrick Hall Organ Fund Inter-fund Transfers
	59,854 7,694 5,799 3,730 - 58,019
	4,321 38 - - 4,359 5,466 4,513 1,733 - 8,246 326,087 32,646 23,744 - 334,989 388 - - - 388
	396,116 44,891 31,276 3,730 - 406,001
	Unrestricted Restricted Endowment TOTAL TOTAL Funds Funds Funds 2023 2022 £ £ £ £ £ 130,209 - - 130,209 130,209 65,726 - - 65,726 49,483 490 1,108 - 1,598 10,840 9,501 - - 9,501 8,823 6,614 - - 6,614 5,463 5,263 - - 5,263 8,291 7,205 - - 7,205 4,353 2,962 - - 2,962 3,075 2,220 - - 2,220 1,740 3,456 4,691 - 8,147 8,623
	233,646 5,799 - 239,445 230,900
	13,340 - - 13,340 8,436 9,564 - - 9,564 10,255 25,282 23,744 - 49,026 48,368 19,441 - - 19,441 14,058 - 1,733 - 1,733 1,526 - - - - -
	67,627 25,477 - 93,104 82,643
	16

ST MARYS ALVERSTOKE PCC

NOTES TO THE FINANCIAL STATEMENTS (continued) FOR THE YEAR ENDING 31 DECEMBER 2023

5. CASH AT BANK AND IN HAND

Short Term Deposits Main Lloyds Current Account Shaping the Future Lloyds Account 32 Days Notice Lloyds Account CCLA Deposit Account 1454D CCLA Deposit Account 7001D Standing Order Account Sub Fund Bank Balances Sailing Club Reserve Account Sailing Club Current Account Choir Fund Current Account Choir Fund Reserve Account Flower Fund St Faiths St Francis Parish Centre Brodrick Hall Organ Fund 6. DEBTORS AND PREPAYMENTS Gift Aid	Unrestricted Restricted Endowment Total Total Fund Fund Fund 31-Dec-23 31-Dec-22 £ £ £ £ £ 28,208 8,373 - 36,581 24,104 24,685 2,339 - 27,025 25,714 60,768 - - 60,768 30,489 - 42,367 - 42,367 42,367 190 - - 190 184 - - - - -
	113,852 53,080 - 166,931 122,858
	10,933 - - 10,933 12,298 1,570 - - 1,570 163 - 2,533 - 2,533 697 - 2,033 - 2,033 2,014 - 760 - 760 1,289 13,324 - - 13,324 6,757 8,068 4,359 - 12,427 11,270 8,836 334,990 - 343,826 341,331 14,647 - - 14,647 13,821 - 8,246 - 8,246 5,466
	57,378 352,921 - 410,299 395,106
	171,230 406,001 - 577,231 517,964
	Unrestricted Restricted Endowment Total Total Fund Fund Fund 31-Dec-23 31-Dec-22 £ £ £ £ £ 1,373 - - 1,373 2,775
	1,373 - - 1,373 2,775

7. CREDITORS AND ACCRUALS: AMOUNTS FALLING DUE WITHIN ONE YEAR

Accounts Payable Agency Collections St Francis Accounts Payable	Unrestricted Restricted Endowment Total Total Fund Fund Fund 31-Dec-23 31-Dec-22 £ £ £ £ £ 2,337 - - 2,337 3,716 382 - - 382 839 - - - - -
	2,719 - - 2,719 4,555
	17

ST MARYS ALVERSTOKE PCC

NOTES TO THE FINANCIAL STATEMENTS (continued)

FOR THE YEAR ENDING 31 DECEMBER 2023

8. STAFF COSTS AND NUMBERS

St Mary's St Faith's St Francis Parish Centre Brodrick Hall Total Staff Costs Gross Wages and Salaries Employer's National Insurance Costs Pension Contributions (Employer) Employees who were engaged in each of the following activities: Activities in furtherance of organisation's objects	TOTAL TOTAL 2023 2022 £ £ 42,800 40,021 1,837 755 2,087 754 12,259 4,948 1,553 505
	60,536 46,983
	2023 60,536 0 1,309 61,845 2023 2022 TOTAL TOTAL
	8 8

No employees received emoluments in excess of £60,000. Staff are paid through the PAYE system.

10. FIXED ASSETS

Notional value of the Parish Centre £100,000 & the Brodrick Hall £100,000

11. SUB-FUNDS

Within St Mary's Accounts Operating Their Own Bank Accounts

11. SUB-FUNDS Within St Mary's Accounts Operating Their Own Bank Accounts
Balance 01/01/2023 Income Expenditure St Mary's Junior Sailing Club 12,461 1,997 1,955 Choir Fund 2,709 5,150 3,295 Flower Fund 1,289 - 529 Other Sub-funds Operating With St Mary's Bank Accounts St Marks Churchyard 475 1,839 1,427 St Lukes 4,109 - 110	Balance 31/12/2023 12,503 4,564 760
	887 3,999

A reserve account is held by the PCC in respect of St Luke's ,which is maintained at approximately £4,000.

18

ST MARYS ALVERSTOKE PCC

NOTES TO THE FINANCIAL STATEMENTS (continued)

FOR THE YEAR ENDING 31 DECEMBER 2023

12. PAYMENTS TO TRUSTEES AND RELATED PARTIES

No other payments than reimbursements were made to trustees or any persons connected with them during this financial period. No material transaction took place between the organisation and a trustee or any person connected with them.

13. RISK ASSESSMENT

The Council actively review the major risks which the charity faces on a regular basis and believe that maintaining the free reserves stated combined with the annual review of the controls over key financial systems carried out on an annual basis will provide sufficient resources in the event of adverse conditions. The Council have also examined other operational and business risks which they face and confirm that they have established systems to mitigate the significant risks.

14. RESERVES POLICY

The Council have considered the level of reserves they wish to retain, appropriate to the charity’s needs. This is based on the charity’s size and the level of financial commitments held. The Council aims to ensure the charity will be able to continue to fulfil its charitable objectives even if there is a temporary shortfall in income or unexpected expenditure. The Council will endeavour not to set aside funds unnecessarily.

15. PUBLIC BENEFIT

The Council acknowledges its requirement to demonstrate clearly that it must have charitable purposes or ‘aims’ that are for the public benefit. Details of how the Council has achieved this are provided in the annual report included. The Council confirm that they have paid due regard to the Charity Commission guidance on public benefit before deciding which activities the Council should undertake.

SUB FUNDS FINANCIAL STATEMENTS

St Marys Alverstoke Unconsolidated	Page	20 - 21
St Faiths	Page	22
St Francis	Page	23
Parish Centre	Page	24
Brodrick Hall	Page	25
Organ Funds	Page	26

19

ST MARY'S ALVERSTOKE PCC - UNCONSOLIDATED

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

INCOME Planned Giving Collections & Appeals Gift Aid Dividends & Interest Mobile Phone Mast Legacies Contributions From Parish Buildings Church Wedding, Funeral Fees Etc Fundraising Events Other Income Grants Surplus on Sale of Property EXPENDITURE Parish Share Staff Salaries, Pensions & Expenses Charitable Donations Heating Oil, Electric & Water Insurance Maintenance & Repairs Administration, Phone, Printing & Post Fundraising & Campaign Expenses Examination Fee Other Costs SURPLUS OR DEFICIT Funds transfer Gains/Loss on Investment assets Total Funds Brought Forward TOTAL FUNDS CARRIED FORWARD	Unrestricted Restricted Endowment Total £78,687 £0 £0 £78,687 £41,739 £7,565 £0 £49,304 £21,966 £92 £0 £22,058 £12,377 £19 £0 £12,396 £4,250 £0 £0 £4,250 £18,947 £0 £0 £18,947 £19,912 £0 £0 £19,912 £6,310 £17 £0 £6,327 £11,609 £0 £0 £11,609 £1,829 £0 £0 £1,829 £0 £0 £0 £0 £0 £0 £0 £0 £217,626 £7,694 £0 £225,320 Unrestricted Restricted Endowment Total £130,209 £0 £0 £130,209 £65,726 £0 £0 £65,726 £490 £1,108 £0 £1,598 £9,501 £0 £0 £9,501 £6,614 £0 £0 £6,614 £5,263 £0 £0 £5,263 £7,205 £0 £0 £7,205 £2,962 £0 £0 £2,962 £2,220 £0 £0 £2,220 £3,455 £4,691 £0 £8,146 £233,645 £5,799 £0 £239,444 -£16,019 £1,895 £0 -£14,123 £63,730 -£3,730 -£60,000 £0 £9,289 £0 £28,657 £37,946 2023 2023	2022 Total
		£89,236 £35,683 £27,386 £14,080 £6,250 £9,000 £9,014 £6,904 £10,484 £970 £1,732 £3
		£210,742
		2022 Total
		130,209 £ 49,483 £ 10,840 £ 8,823 £ 5,463 £ 8,291 £ 4,353 £ 3,075 £ 1,740 £ 8,623 £
		230,900 £
		-£20,158
		-£54,151
	£77,862 £60,241 £408,988 £547,091	£621,401
	£134,862 £58,406 £377,645 £570,914
		£547,091

20

ST MARY'S ALVERSTOKE PCC - UNCONSOLIDATED

BALANCE SHEET AS AT 31ST DECEMBER 2023

FIXED ASSETS M Fereday Bequest Fund G Hunt Fund Privett Place Fund Privett Place Fund CURRENT ASSETS Short Term Deposits Main Lloyds Current Account Shaping the Future Lloyds Account 32 Days Notice Lloyds Account CCLA Deposit Account 1454D CCLA Deposit Account 7001D Families Minister Lloyds Current Acc Debtors & Prepayments Stock Sub-Fund Bank Accounts Sailing Club Reserve Account Sailing Club Current Account Choir Fund Current Account Choir Fund Reserve Account Flower Fund CURRENT LIABILITIES Accounts Payable Agency Collections Pence Rounding Adjustment NET ASSETS REPRESENTED BY FUNDS Unrestricted & Designated Restricted Endowment TOTAL FUNDS	Unrestricted Restricted Endowment Total £9,289 £0 £301,255 £310,544 £0 £0 £37,593 £37,593 £0 £0 £28,265 £28,265 £0 £0 £10,534 £10,534 £9,289 £0 £377,647 £386,936 Unrestricted Restricted Endowment Total £28,207 £8,373 £0 £36,580 £24,685 £2,339 £0 £27,025 £60,768 £0 £0 £60,768 £0 £42,367 £0 £42,367 £190 £0 £0 £190 £0 £0 £0 £0 £1,373 £0 £0 £1,373 £564 £0 £0 £564 £10,933 £0 £0 £10,933 £1,570 £0 £0 £1,570 £0 £2,533 £0 £2,533 £0 £2,033 £0 £2,033 £0 £760 £0 £760 £128,291 £58,406 £0 £186,696 2,337 £0 £0 £2,337 382 £0 £0 £382 -£1 £0 £2 £1 £2,718 £0 £2 £2,720 £134,862 £58,406 £377,645 £570,913 £134,862 £0 £0 £134,862 £0 £58,406 £0 £58,406 £0 £0 £377,645 £377,645 £134,862 £58,406 £377,645 £570,913 2023 2023	2022 Total
		338,816 £ 34,360 £ 25,834 £ 9,978 £
		408,988 £
		2022 Total
		24,104 £ 25,714 £ 30,489 £ 42,367 £ 184 £ - £ 2,775 £ 564 £ 12,298 £ 163 £ 697 £ 2,014 £ 1,289 £
		142,658 £
		3,716 £ 839 £ £0
		4,555 £
		547,091 £
		77,862 £ 60,241 £ 408,988 £
		547,091 £

21

ST FAITHS UNRESTRICTED FUNDS

INCOME Donations Letting Fees Other Income EXPENDITURE Cleaning Routine Upkeep Expenses for Services Insurance Power Gardening Services Repairs & Improvements Other Expenditure SURPLUS/DEFICIT Total Funds Brought Forward TOTAL FUNDS CARRIED FORWARD BALANCE SHEET Fixed Assets Current Assets Bank & Cash Balances Debtors	2023 £12,218 £3,297 £4,392 £19,907 £876 £42 £161 £717 £2,929 £1,114 £4,318 £3,183 £13,340 £6,567 £6,757 £13,324 2023 £0 £13,324 £0 £13,324	2022 £3,582 £2,778 £833
		£7,193
		£755 £948 £559 £634 £4,211 £718 £68 £543
		£8,436
		-£1,242
		£7,999
		£6,757
		2022 £0 £6,757 £0
		£6,757

22

ST FRANCIS

INCOME Donations & Events Letting Fees Other Income EXPENDITURE Cleaners Wages Maintenance & Repairs Insurance Power Parish Share Contribution Other Expenditure SURPLUS/DEFICIT Total Funds Brought Forward TOTAL FUNDS CARRIED FORWARD BALANCE SHEET Fixed Assets Current Assets Liabilities	UNRESTRICTED FUNDS RESTRICTED FUNDS TOTAL FUNDS TOTAL FUNDS 2023 2022 £9,368 £0 £9,368 £6,547 £1,066 £0 £1,066 £1,859 £250 £38 £288 £236
	£10,684 £38 £10,722 £8,642
	£838 £0 £838 £754 £1,155 £0 £1,155 £2,789 £427 £0 £427 £396 £2,070 £0 £2,070 £1,626 £4,200 £0 £4,200 £4,450 £874 £0 £874 £239
	£9,564 £0 £9,564 £10,255
	£1,120 £38 £1,158 -£1,612
	£6,949 £4,321 £11,269 £12,882
	£8,069 £4,359 £12,426 £11,269
	£0.00 £0.00 £0.00 £0.00 £8,068 £4,359 £12,427 £11,269 £0.00 £0.00 £0.00 £0.00
	£8,068 £4,359 £12,427 £11,269

23

PARISH CENTRE

INCOME Donations COVID Grants Letting Fees Fundraising Events Other Income Interest EXPENDITURE Cleaners Wages Routine Upkeep Water Supplies Insurance Electric & Gas Gardening Services Repairs Waste Disposal Admin Costs to PCC Parish Share Contribution Other Expenditure Pest Control Facilities Contribution Fundraising Expenses Architects Fees Specialists Fees Other Expenses Planning Fees Capital Grant Fundraising SURPLUS/DEFICIT Gains/Loss on Investment assets Total Funds Brought Forward TOTAL FUNDS CARRIED FORWARD BALANCE SHEET Fixed Assets Current Assets Liabilities	UNRESTRICTED FUNDS RESTRICTED FUNDS TOTAL FUNDS TOTAL FUNDS 2023 2022 £343 £11,849 £12,192 £12,633 £500 £0 £500 £3,000 £14,882 £0 £14,882 £13,608 £520 £14,839 £15,359 £19,937 £2,630 £495 £3,125 £2,811 £0 £5,463 £5,463 £990
	£18,875 £32,646 £51,521 £52,979
	£5,293 £0 £5,293 £4,948 £1,789 £0 £1,789 £1,021 £846 £0 £846 £414 £2,022 £0 £2,022 £2,161 £3,342 £0 £3,342 £4,090 £1,195 £0 £1,195 £837 £1,150 £0 £1,150 £2,203 £1,501 £0 £1,501 £1,310 £3,017 £0 £3,017 £2,596 £1,232 £0 £1,232 £1,232 £2,374 £0 £2,374 £2,889 £521 £0 £521 £1,016 £1,000 £0 £1,000 £0 £0 £3,127 £3,127 £3,989 £0 £414 £414 £1,329 £0 £13,463 £13,463 £4,386 £0 £3,540 £3,540 £1,110 £0 £0 £0 £6,144 £0 £3,200 £3,200 £6,692
	£25,282 £23,744 £49,026 £48,368
	-£6,407 £8,902 £2,495 £4,610
	£0 £0 £0 £0 £115,243 £326,088 £441,331 £436,720
	£108,836 £334,990 £443,826 £441,330
	£100,000 £0 £100,000 £100,000 £8,836 £334,990 £343,826 £341,330 £0 £0 £0 £0
	£108,836 £334,990 £443,826 £441,330

24

BRODRICK HALL UNRESTRICTED FUNDS

INCOME Donations Letting Fees Grant EXPENDITURE Cleaning & Maintenance Routine Upkeep & Improvements Insurance Lighting & Heating Parish Share & PCC Contributions Other Expenditure SURPLUS/DEFICIT Total Funds Brought Forward TOTAL FUNDS CARRIED FORWARD BALANCE SHEET Fixed Assets Current Assets Bank & Cash Balances Debtors Liabilities	2023 £120 £19,147 £1,000 £20,267 £4,554 £3,580 £1,795 £8,642 £850 £20 £19,441 £826 £113,821 £114,647 £100,000 £0 £14,647 £0 £0 £114,647	2022 £120 £14,320
		£14,440
		£709 £4,932 £1,644 £4,827 £1,500 £445
		£14,058
		£382
		£113,439
		£113,821
		£100,000 £13,821 £0 £0
		£113,821

25

ORGAN FUND RESTRICTED FUNDS

INCOME Donations Concerts EXPENDITURE Guest Organists Repairs Other Expenditure SURPLUS/DEFICIT Total Funds Brought Forward TOTAL FUNDS CARRIED FORWARD BALANCE SHEET Fixed Assets Current Assets Bank & Cash Balances Debtors Liabilities	2023 £3,422 £1,091 £4,513 £1,080 £420 £233 £1,733 £2,780 £5,466 £8,246 £0 £8,246 £0 £0 £8,246	2022 £207 £1,121
		£1,328
		£1,000 £414 £113
		£1,526
		-£199
		£5,665
		£5,466
		£0 £5,466 £0 £0
		£5,466

26