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2023-12-31-accounts

LirrLE SHELFORD Annual report and accounts 31" December 2023

ALL SAINTS LITTLE SHELFORD PCC

Annual report and accounts 2023

Contents Page
Church office address and bankers 1
Annual report
2-3
Independent examiner’sreport
4
Statement of financial activities
5
Balance sheet
6
Notes to the accounts
7-15

Church office address

All Saints Church Church Street Little Shelford Cambridge CB22 5HG

Bankers

Barclays Bank plc Leicester LE87 2BB

Cambridge Building Society Woollards Lane Great Shelford Cambridge CB22 5LZ

Independent Examiner

S G Berrriman Chater Allan LLP 7 Quy Court Colliers Lane Stow-Cum-Quy CB25 9AU

1

ALL SAINTS LITTLE SHELFORD PCC

Annual report 2023

Background

All Saints Little Shelford Parochial Church Council (PCC) has the responsibility for co-operating with the rector, Revd Simon Scott, in promoting in the ecclesiastical parish the evangelistic and pastoral mission of the Church.

Membership

Members of the PCC are ex officio, elected by the Annual Parochial Church Meeting (APCM), or co-opted, in accordance with the Church Representation Rules.

During the year the following served as members of the PCC: Incumbent: Revd Simon Scott Curate: Revd Edward Keene (until May 2023) Revd Gideon Emmanual (from June 2023) Diocesan Synod member: David Brock Deanery Synod member: Miles Cragg, Clive Ayling Wardens: Justin Cross; Clive Ayling Co-opted: Neil Wade (until licensed as LLM)

Elected members:

Secretary:

Alison Hynds

Lay members of the PCC receive no formal induction and training. Any member of the congregation on the electoral roll may stand for election to the PCC. The patron (with the right to appoint an incumbent when a vacancy arises) is the Bishop of Ely.

The PCC has reviewed the key risks and in regard to the physical safety of those on church premises has health and safety procedures in place. In addition, those involved with children are subject to Disclosure and Barring Service (DBS) checks administered via the diocese. The incumbent and PCC have had regard to the Charity Commission’s guidance on public benefit.

Committees

The PCC operates through a number of groups and committees, which meet between full meetings of the PCC:

External Mission Group:

Joan Church, Clive Ayling, Angela Palmer (Chair) , Pui Ip, David Tisdall (until Summer 2023) , Garth Hulland (from October 2023) , Revd Edward Keene (until May 2023) , Revd Gideon Emmanuel (from June 2023)

Remit – to recommend giving projects and amounts to the PCC and to encourage prayer for these projects. The PCC’s policy is to make grants totalling 20% of budgeted planned giving (including tax recovery) for the year to home and overseas mission partners.

Finance and Standing Committee:

Incumbent (chair), Wardens, Treasurer, Neil Wade

Remit – to take decisions between PCC meetings (for subsequent PCC ratification as necessary) and to consider items for the PCC agenda.

Fabric Committee:

David Brock, Simon Conway-Smith, Dr John Coppendale, Justin Cross (Chair) , Paul Danes, Kaye Scupham, Rich Scupham, Neil Wade

Remit – the planning and supervision of all works relating to the church building, the North Building, and the churchyard.

After a hiatus in 2022 the committee met in December 2023.

2

ALL SAINTS LITTLE SHELFORD PCC

Annual report (continued)

Church attendance

Average attendance was around 135 on a typical Sunday across three services, and the number on the electoral roll at the APCM was 112.

Financial review

The income for the year ended 31 December 2023 was £284,158 (2022: £265,206). Planned giving (including the tax recoverable on Gift-Aided giving) rose by £27,139, which is 1 3% of last year’s total . Gift Day income fell from £20,108 to £7,697, but £8,938 was raised for the Fabric Fund at the Thanksgiving Day. Unplanned giving, including collections, fell to £25,083 from the high level of £29,517 the previous year. Other income was derived from fees, the bookstall, and the charges arising from activities. Investments yielded a slightly higher income of £1,304 and the value of those investments rose by £3,185 after a loss of £4,464 the previous year.

Resources expended amounted to £267,696, almost no change from £267,512 the previous year. Expenditure on activities directly related to the work of the church was £225,546 (2022: £222,780). Missionary and charitable grants were lower at £42,150 compared to £44,732 the previous year, and expenditure on church fabric fell to £14,950 from the high of £19,152 in the previous year.

Net outgoing resources for the year showed a gain of £16,461 compared to a deficit of £2,306 in the previous year. After investment gains the gain for the year was £19,646 compared to a loss of £6,770 the previous year. At the year end the net assets were £131,181 (2022: £111,536).

The PCC has sufficient reserves, organised into restricted, designated and general funds, as described in note 9 to the accounts.

Responsibilities of the members of the PCC in relation to the accounts

The PCC is responsible for all parish finance, its management and control, including the appointment of a treasurer. Its legal responsibilities include:

Plans for future periods

The programme of activities in 2024 will continue to focus on the church’s mission. A part -time assistant minister for music currently continues in post , a youth and children’s minister was appointed in January 2024 , and a new curate is now established. We continue to emphasise the importance of our work amongst families and are therefore strengthening our volunteer teams. We hope to rearrange our midweek groups to ensure the growth and support of our regular members. We continue to consider how best to attract and reach out to people who have not come to services in the past.

Approved by the PCC on 11th March 2024 and signed on its behalf by:

Tim Glauert Treasurer

3

ALL SAINTS LITTLE SHELFORD PCC

Independent Examiner’s Report

Report to the trustees/
members of
On accounts for the year
ended
Set out on pages		 All Saints Little Shelford PCC All Saints Little Shelford PCC All Saints Little Shelford PCC
31st December 2023 Charity no
(if any)		 1130554
5 to 15

Respective responsibilities of The charity's trustees consider that an audit is not required for this year (under section 144(2) trustees and examiner of the Charities Act 2011 (the Act)) and that an independent examination is needed. It is my responsibility to:

Basis of independent My examination was carried out in accordance with General Directions given by the Charity examiner’s statement Commission. An examination includes a review of the accounting records kept by the charity and a comparison of the accounts presented with those records. It also includes consideration of any unusual items or disclosures in the accounts, and seeking explanations from the trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit, and consequently I do not express an audit opinion on the accounts.

Independent In the course of my examination, no matter has come to my attention examiner's statement 1. which gives me reasonable cause to believe that in, any material respect, the trustees have not met the requirements to ensure that:

Signed:
Name:
Relevant professional
qualification(s) or body:
Address:

 Date:

16 May2024
S G Berriman
FCA FCCA
Chater Allan LLP
7 Quy Court, Colliers Lane
Stow-Cum-Quy CB25 9AU

4

ALL SAINTS LITTLE SHELFORD PCC

Statement of financial activities

for the year ended 31 December 2023

Unrestricted Designated Restricted Total Total
funds funds funds 2023 2022
Notes £ £ £ £ £
Incoming resources
Incoming resources from donors 267,233 8,938 - 276,171 260,122
Other ordinary incoming resources 6,683 - - 6,683 4,009
Income from investments 570 - 734 1,304 1,075
Total incoming resources 2 274,486 8,938 734 284,158 265,206
Resources expended
Activities directly related to the work
of the church 207,928 14,951 2,668 225,546 222,780
Grants 350 41,800 - 42,150 44,732
Total resources expended 3 208,278 56,751 2,668 267,696 267,512
Net incoming/(outgoing) resources 66,208 (47,813) (1,934) 16,461 (2,306)
Transfers between funds 9b (56,927) 55,427 1,500 - -
Other recognised gains and losses
Gains on investments
- Unrealised 6 716 - 2,469 3,185 (4,464)
Net movement in funds 9,997 7,614 2,035 19,646 (6,770)
Funds at 1 January 9b 76,855 6,292 28,389 111,536 118,306
Funds at 31 December 86,851 13,906 30,424 131,181 111,536

5

ALL SAINTS LITTLE SHELFORD PCC

Balance sheet

at 31 December 2023

2023
2022
Notes
£
£
Fixed assets
Investments
6
37,028
33,843
Current assets
Debtors
7
13,657
23,674
Cash at bank and in hand
85,276
54,449
98,933
78,123
Creditors:amounts falling due within one year
8
4,780
430
Net current assets
94,153
77,693
Net assets
131,181
111,536
Funds
Restricted funds
9b
30,424
28,389
Unrestricted funds:
Designated funds
9b
13,906
6,292
General Fund
9b
86,851
76,855
Total funds
131,181
111,536

Approved for issue by the Parochial Church Council and signed on its behalf by

…………………………………………..

Clive Ayling (Churchwarden) 11th March 2024

……………………………………… Tim Glauert (Treasurer)

Charity Commission Registration No. 1130554

6

ALL SAINTS LITTLE SHELFORD PCC

31 December 2023

Notes to the accounts

1. Accounting policies

Accounting convention

The accounts have been prepared in accordance with the Church Accounting Regulations 2008,the Charities Act 2011, the Financial Reporting Standard applicable in the UK and Republic of Ireland (‘FRS102’) and the Statement of Recommended Practice applicable to charities (‘Charities SORP’), effective from 1 January 2019. Buildings have been excluded from the accounts in accordance with the Charities Act 2011. The accounts 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.

Incoming resources

Voluntary income Collections are recognised when received. Planned givingto which Gift Aid has already been added is recognised only when received. Income tax recoverable on gift aid donations is recognised in the period when ~~the associated income is recognised. Grants and legacies are recognised when they are notified to the PCC~~ . Income from events, book sales and other similar income is accounted for gross. Other ordinary income Fees and similar income are recognised on a receivable basis. Investments Dividends and interest are accounted for when receivable. Realised gains or losses are recognised as they arise. Unrealised gains or losses are accounted for on revaluation of investments at the balance sheet date.

Resources expended

Grants ~~Grants and donations are accounted for when paid over, or when awarded, if that award creates a binding~~ obligation on the PCC. Activities directly relating to the work of the Church The ministry share is accounted for when payable. Any amounts unpaid at the balance sheet date are provided ~~for within creditors.~~ General expenditure General expenditure is accounted for on the accruals basis, as soon as a liability arises.

Tangible fixed assets

Consecrated land and buildings and movable church furnishings Consecrated and beneficed property is excluded from the accounts by s10(2)(a) and (c) of the Charities Act 2011. No value is placed on movable church furnishings held by the churchwardens 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 church buildings and furnishings is written off in the statement of financial activities. Other fixtures, fittings and office equipment

Equipment used within the church premises if over £10,000 is depreciated on a straight line basis over 3-5 years.

Fixed asset investments

Investments are valued at market value at the balance sheet date.

Operating lease agreements

Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are included in the Statement of Financial Activities on a straight line basis over the period of the lease.

ALL SAINTS LITTLE SHELFORD PCC

Notes to the accounts

31 December 2023

2. Incoming resources
Unrestricted Designated Restricted Total Total
funds funds funds 2023 2022
£ £ £ £ £
Incoming resources from donors
Planned giving 231,476 - - 231,476 204,337
Income tax recoverable 2,977 688 - 3,665 6,162
Collections and unplanned giving 25,083 8,250 - 33,333 29,517
259,536 8,938 - 268,473 240,015
Gift Days (including tax recoverable) 7,697 - - 7,697 20,108
267,233 8,938 - 276,171 260,122
Other ordinary incoming resources
All Saints Tots (toddler group) 1,189 - - 1,189 1,248
Fees, bookstall and other income 5,494 - - 5,494 2,161
Grants Received - - - - 600
6,683 - - 6,683 4,009
Income from investments
Dividends and interest 570 - 734 1,304 1,075
274,486 284,158 265,206

8

ALL SAINTS LITTLE SHELFORD PCC

Notes to the accounts

31 December 2023

3. Resources expended

3. Resources expended
Unrestricted Designated Restricted Total Total
funds funds funds 2023 2022
£ £ £ £ £
Activities directly relating to the work of the Church
Ministry: diocesan ministry share 67,352 - - 67,352 65,801
ministers' expenses 30,240 - - 30,240 29,930
Staff costs (note 11) 70,665 - - 70,665 73,194
Services, events & other ministry activity 9,248 - - 9,248 8,452
Children's work 1,427 - - 1,427 935
Office expenses, bank charges 6,707 - - 6,707 5,308
Utilities, equipment & insurance 14,421 - - 14,421 7,636
Building improvements, cleaning and maintenance 6,121 14,951 - 21,071 24,808
Churchyard maintenance - - 2,668 2,668 1,693
Books and other printed material 912 - - 912 287
Newsletter production 835 - - 835 615
Church Weekend Away subsidy - - - - 4,121
207,928 14,951 2,668 225,546 222,780
Grants(note 4)
Missionary and charitable giving:
Overseas missions, relief and development agencies 312 22,500 - 22,812 27,402
Home missions, local school and other 38 19,300 - 19,338 17,330
350 41,800 - 42,150 44,732
208,278 56,751 2,668 267,696 267,512

Remuneration and other payments to PCC members

PCC members receive no remuneration

The expenses of 4 ministers are shown above and comprise housing, travel, subsistence and entertaining. No members of the PCC were reimbursed for expenses specifically relating to the PCC. Expenses incurred by PCC members unrelated to their services as such are not disclosable.

9

ALL SAINTS LITTLE SHELFORD PCC

Notes to the accounts

31 December 2023

4. Grants
4. Grants 2023
Unrestricted Designated Restricted Total
funds funds funds
£ £ £ £
Assistance to individuals - 300 - 300
Overseas missions and relief and development agencies:
Arab World Ministries - 5,000 - 5,000
Christian Aid - 2,000 - 2,000
Hoveraid - 5,000 - 5,000
Living Word International - 5,000 - 5,000
Oasis Trust - 500 - 500
World Vision 312 - - 312
Wycliffe Bible Translators - 5,000 - 5,000
312 22,500 - 22,812
Home missions, local school and other:
Faraday Institute - 1,000 - 1,000
Friends International - 5,000 - 5,000
GenR8 - 4,000 - 4,000
Shelford School - 1,000 - 1,000
SSYI 38 4,000 - 4,038
Thetford PCC - 2,000 - 2,000
Youthinc - 2,000 - 2,000
38 19,000 19,038

The activities supported by the grants made to institutions comprise: the propagation of the Christian gospel, the relief of suffering, the resourcing of Christian work amongst foreign visitors to the UK, and amongst youth and children, the resourcing of Bible translators, and the training of Bible teachers.

5. Tangible fixed assets

5. Tangible fixed assets Equipment £ Cost - At 1 January 2023 and 31 December 2023

Depreciation

Net book value

10

ALL SAINTS LITTLE SHELFORD PCC

Notes to the accounts

31 December 2023

6. Fixed asset investments

£

Market value
At 1 January 2023 33,843
Revaluation gain 3,185
At 31 December 2023 37,028
Market value Market value Change in
Number 2023 2022 market value
of shares £ £ £
Restricted funds
Mrs M B Thompson 332 7,505 6,859 646
Beck Grave Trust 78 1,763 1,612 151
D M Watson 68 1,537 1,405 132
Meadows Bequest 414 9,359 8,554 805
Dr Joe Church Memorial 281 6,352 5,806 546
Bagnell Bequest 97 2,193 2,004 189
28,709 26,240 2,469
Unrestricted funds
Sale of land 368 8,319 7,603 716
37,028 33,843 3,185

All investments are held at market value at the balance sheet date.

The shares had an original cost of £3,030 and are held in the deposit and investment funds of the Central Board of Finance of the Church of England.

7. Debtors 2023 2022
£ £
Income tax recoverable 2,569 3,143
Prepayments and accrued income 11,088 20,531
13,657 23,674
8. Creditors:amounts falling due within one year 2023 2022
£ £
Other creditors 4,677 375
Agency Collections 103 55
Accruals and deferred income - -
4,780 430

11

ALL SAINTS LITTLE SHELFORD PCC

Notes to the accounts

31 December 2023

9. Funds

a) Fund descriptions

The PCC's restricted funds comprise donations and grants held for purposes specified by the donors. Funds which are held by the PCC for general purposes (and have not been restricted by the donors) are unrestricted. The PCC has set aside certain funds ('designated funds') for particular projects. These funds may be redesignated by the PCC as necessary.

Restricted funds

The Building Fund exists to support the repair and restoration of the fabric of the church using income from external sources such as public appeals.

The Churchyard Fund pays for the upkeep of the churchyard. It derives some income from investments but also receives transfers from the General Fund.

Designated funds

The External Mission Fund is to provide grants for Christian use to external groups and institutions. Current policy is to each year transfer around 20% of budgted regular income from the General Fund into this fund.

The Evangelism Fund was to provide funding for the church's evangelistic activities, but was folded back into the general fund this year.

The Support Fund exists to assist Christian brothers and sisters experiencing financial hardship. Payments from this fund are at the discretion of the incumbent and churchwardens.

The Fabric Fund is used to set aside resources for repairs and major maintenance of both the church building and the North Building. As a designated fund, the PCC may increase its reserves in anticipation of a building project, and allocate to this fund external grants received in relation to such projects, and conversely transfer surplus resources from this fund back to the General Fund.

Unrestricted fund

The General Fund is for the daily operation of the church.

12

ALL SAINTS LITTLE SHELFORD PCC

Notes to the accounts

31 December 2023

9. Funds (continued)

b) Fund details Balance at Changes in Transfers Balance at
1 January Incoming value of between 31 December
2023 resources Expenditure assets funds 2023
£ £ £ £ £ £
Restricted funds
Building Fund - - - - - -
Churchyard Fund 28,389 733 (2,667) 2,469 1,500 30,424
28,389 733 (2,667) 2,469 1,500 30,424
Designated funds
External Mission Fund 3,570 - (41,500) - 44,000 6,070
Evangelism Fund 2,073 - - - (2,073) -
Fabric Fund (151) 8,937 (14,950) - 13,500 7,336
Support Fund 800 - (300) - - 500
6,292 8,937 (56,750) - 55,427 13,906
Unrestricted funds
General Fund 76,855 274,485 (208,278) 716 (56,927) 86,851
Total 111,536 284,155 (267,695) 3,185 - 131,181

c) Transfers between funds

Evangelism Fund to General Fund
General Fund to Churchyard Fund
General Fund to External Mission Fund
General Fund to Fabric Fund
Total		 £
(2,073)
1,500
44,000
13,500
56,927

To close Evangelism fund To supplement Churchyard Fund income To provide funds for grants To set aside resources for repair of buildings

13

ALL SAINTS LITTLE SHELFORD PCC

Notes to the accounts

31 December 2023

10. Assets by fund

10. Assets by fund
Net current
Investments assets Total
£ £ £
Restricted funds
Building Fund - - -
Churchyard Fund 28,709 1,715 30,424
28,709 1,715 30,424
Unrestricted funds 8,319 92,438 100,757
37,028 94,153 131,181
11. Staff costs 2023 2022
£ £
Gross salaries including pension contributions 36,359 35,471
Employer's National Insurance contributions - -
Payments to Diocese of Ely: Revd E Keene & Revd G Emmanuel 34,306 37,723
70,665 73,194

12. Commitments under operating leases

At the year end, the PCC had annual commitments under non-cancellable operating leases as follows:

Plant & machinery
2023 2022
£ £
Operating leases which expire in:
Less than 3 years 1,656 804

13. Related party transactions

Apart from the reimbursement of expenses, as disclosed in note 3, there were no related party transactions during the year.

14

ALL SAINTS LITTLE SHELFORD PCC

Notes to the accounts

31 December 2023

14. Comparative statement of financial activities

for the year ended 31 December 2022

for the year ended 31 December 2022
Unrestricted Designated Restricted Total Total
funds funds funds 2022 2021
£ £ £ £ £
Incoming resources
Incoming resources from donors 260,122 - - 260,122 260,680
Other ordinary incoming resources 4,009 - - 4,009 3,980
Income from investments 306 - 769 1,075 987
Total incoming resources 264,437 - 769 265,206 265,647
Resources expended
Activities directly related to the work
of the church 201,936 19,152 1,693 222,780 231,821
Grants 392 44,340 - 44,732 40,312
Total resources expended 202,328 63,492 1,693 267,512 272,133
Net incoming/(outgoing) resources 62,109 (63,492) (924) (2,306) (6,486)
Transfers between funds (56,150) 54,150 2,000 - -
Other recognised gains and losses
Gains on investments
- Unrealised (1,003) - (3,461) (4,464) 4,816
Net movement in funds 4,956 (9,342) (2,385) (6,770) (1,670)
Funds at 1 January 71,899 15,634 30,774 118,306 119,977
Funds at 31 December 76,855 6,292 28,388 111,536 118,306

15