## 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**| |||**Total**
**128,914**||| |||||| 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