The Parish of Heysham St Peter with St James & St Andrew
Main Street, Heysham LA3 2RN
Registered Charity No. 1130596
Year Ending December 2023
Approved by Heysham St Peter’s PCC April 2024 and signed on its behalf by
Rev. Mark Nelson (PCC Chair)
…………………………………………..(signature)
Financial Report 2023
This statement is in respect of the Financial Year ended 31[st] December 2023.
Receipts
Total receipts for the year were £122,277, down 3.6% on 2022 (£126,878).
Voluntary Income (Direct Debits, Parish Giving Scheme, Gift Aid Envelopes, Loose plate donations, sum up card payments and giving through Church Boxes) totalled £52,622, down 3%.
Receipts from activities for generating funds increased slightly to £54,156 compared to £53,148 in 2022. The Café’s contribution increased from just over £41,000 in 2022 to £46,827 an increase of 14%. Wedding and funeral fees (gross) added a further £15,491 down from £19,000 in 2022. Letting St James contributed £6,230 and St Peters Church Hall a further £1,100.
Payments.
Total expenditure in 2023 was £138,051, up from £124,269 in 2022, an increase of 11%.
Payments to the diocese were £49,351 (£44,085 Parish share and £5,226 Fees), down 12% on 2022. Café running costs increased by 13% to £13,510, and Utility costs increased to £22,268 (from £9,185 in 2022) up 142%, reflecting the volatility in global energy markets. This figure should reduce in 2024.
There were also several extraordinary payments in 2023. These included professional fees incurred (£4,627), £1,572 electrical fees for new distribution boards and £2,699 for a new mower.
Statement of Financial Activities
The total current assets as at 31/12/2023 were £131,217 – down from £140,179. This is represented by: -
Current account £3,845
Projects Account £2,474
Reserves £72,634
St James Reverter £49,645
St James Fund £2,301
War stock £318
Due to the ongoing financial pressures the PCC agreed to the sale of the gold Britannia’s donated in 2022. The three Britannia’s were sold in September and realised £4,694. This was used to replenish the parish reserves.
Solicitors are still engaged to access the St James Reverter. A request has been submitted to the Charity Commission and this has been added to the complex cue. As of the end of February, the solicitors reported that the Charity Commission are currently processing requests received in July 23. Our request was submitted in August and the Charity Commission have informed us that it may still be a number of months before our request is allocated to a case worker.
Our parish share request was again paid in full. The parish share arrears now stand at just over £56,000 and this outstanding balance is expected to be “written off” shortly.
Looking ahead to 2024, the closure of St Peters has impacted on our revenue in the first quarter with the loss of visitor donations (cash and card). The cost of the repair work to the ceiling has had to be paid from the parish reserves.
The challenge for 2024 will be to maintain our Parish Share payments whilst attempting to replenish the parish reserves.
John Hastie
Treasurer
28/03/2024
Parish 1130596
Balance Sheet detailed
| Balance Sheet detailed | Balance Sheet detailed | Balance Sheet detailed | ||
|---|---|---|---|---|
| As at 31/12/2023 |
as at 31/12/2022 4,304 3,637 70,693 48,103 8,124 318 225 5,000 140,404 0 0 140,404 4,889 135,508 7 0 0 140,404 |
|||
| Current Assets 6501 Bank Current account 3,843 6507 Bank deposit account (Business Reserve 2) 173 6508 Bank deposit account (Bonus Saver 312) 72,634 6540 St James Reverter 49,645 6545 St James Fund 2,301 6580 318 6590 Cash In Hand 0 6591 0 Total Current assets 128,914 Liabilities 0 0 128,914 Reserves (11,185) Z01 Starting balances 140,404 Z02 Starting balances (loss/gain) (306) Z03 Cash gains 0 Z04 Refunds 0 Total Reserves 128,914 Represented by: - Unrestricted 3,843 Designated 52,119 Restricted 72,952 Total 128,914 Net Asset Surplus (deficit) Excess/(deficit) to Contractual agreement balance(gas) Agency collections/wedding deposits Other (est) War stock (Est) |
3,843 173 72,634 49,645 2,301 318 0 0 128,914 0 0 128,914 (11,185) 140,404 (306) 0 0 128,914 |
|||
| Represented by: - Unrestricted 3,843 Designated 52,119 Restricted 72,952 |
4,529 64,864 71,011 140,404 |
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| Total 128,914 |
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The Parochlal Church Councll of the Eccleslastlcal Parlsh of He wlth St James and St Andrew sham St Peter Re ort of the Accountant 31 December 2023 In accordance wth your instructions we have compiled these unaudited accounts in order to assi51 you to fulfil your statutory responsibilitles, from the accounting records and from Informatlon and explanations supplied to us. Basls of Accountant's Report My examination Includes a review of the accounting records kept by The Parochial Church Council of the EcGlesi3stical Parish of Heysham St Peter wrth St James and St Andrew and a comparison of the accounts presented with those records. It also includes conslderallon of any unusual Items or dtsclosures in the accounts. 8eeking explanation concerning any such matters. The procedure5 undertaken do not provide all the evidence that would b8 required in an audit and consequentty no opinion is given as to whether the accounts present a and fair view, and the report is limited lo the statement below. Accountanfs Statement In connection with our examination, no matter has come to our attention. 1} which gives us reasonable cause to believe tha( in any malerial resFecI, the general requirements to keep accounting records in accord8nce with UK accounting policles have not been met 21 to which in our opinion, 8ttention should be drawn in order to enable a proFer understanding of the awounts to be reached. BJM Group 370 Hey5ham Road Heysh8m Lancashire 32BJ Dated: 3oliolo029