VERWOOD PAROCHIAL CHURCH COUNCIL (the PCQ Reglstered with the Char￿leS Commission as a Charlty under number 1130729 To knowJesu5 Chri5tand to make Him known. St.Michael's,Verwood & Saints,Three Legged Cross ANNUAL REPORT for the year 1 January 2023 to 31 Oecember 2023 The PCC Is the char￿ Trustee bodywhlch covers two churche5: St Mlchaèl and All Angels, Church Hlll. Verwood and All Sali)ts. Church Road. Three Legged Cros& Correspondence address for the PCC ts The Par15h Office, Manor Road, Verwood, BH316DZ Emall stmlchaelsverwood@gmail.com Report of the Trust The trustees present theirannual report and financlal statements of the chartyforthe yearended 31 December 2023. The ftnanclal statements have been prepared In accordance the accountlng pollcles set out In note 1 to the accounts and complY￿th the charltys trust deed, the Charltles Act 2011 and Accounting and Reportlng by Charftle% Charltles Statement of Recommended 2019 IFRS102k Al￿ Purpose and Objectlves The mlsslon Statement of our church ts to knowjesus thrtst und to muke HIM known,. We have subscrfbed to 10 equalVaSue5 to achleve our alms: 11 Worshlp and mi5slon that Is rooted In scripture,. 21 An open and sUPPOrtlve thurch communlty.. 31 Chrlstlan formatlon and educatlon; 41 Reaching ou(. 5} Shared and understood aims and oblettlves; 6} Working wth other Christian churches 7) Prayer and splrltuallty., 81 The development of leaders: 91 Ch￿s11an stewardshlp and 10) Effectfve and holistlc communlcation. The church also sUPPOrts the alms and objertlves of Deanery synod. The contents of thls Report showthÈ steps taken durfng the year. and the ￿nefits whkh have accrued to church membershlp and wlder comTnunity as a resuft. Publlc ben•fit The Charftys reason for existence. as enshrlned In its origlnal objects. Is for the benefft of the Inhabftants of Verwood and the nelghbouthood. In all the Charltys acUvttle& therefore. the Trustees ha￿ been able to pay due regard to the Charity Commlssk*n guldance on publlc benefit. Strurture, f￿rnan￿ and Management The PCC has the respon51bllity of co.operatlng with the Wicar in promotlng In the parish the Vdhole mlsslon of the church. It also has maintenance respon51billtles forthe church bulldlng8 and the Par15h Centre. The method of appolntment of PCC members Is 5etout Inthe Church Representatlon Rules. All ¢hurchattendees are encouraged to register on the Eleaoral Roll, and stanil for electlon to the PCC. Durlng the year. or part ot IL the followlng setved as member5 of the PCC: Reverend Oeborah Matthews Reverend Michael Eatortrwells Mr Ouncan Moss Mr Robln Moryan Mr Blll Seymour Chalm)an Curate: Llcensed Lay Mln15ters', Churchwardens: Mrs Beryl Greenhalgh Mrs Anthea Stephens Representatfves on the DeJnery Synod .. Mrs Ellzabth Ingram co.opted Mrs Beryl Greenhalgh Mrs Barbara Walton Mrs Sue Hancock (t9 20A.231 (to 20.4.231 Elected M•mbers Mrsjulla Pèlmer Mr Nell Glbson Mr Stephen Walton Mr Stephen Greenhalgh Mr5 Ro Green Mr Robert Tutvll Mrs Ann Bale Mrjohn Weaver Mrs Jenny Baxendal• Mr Nlgel Beacham Mr Rogerlohnson Mrs Barbara Walton Setretsry Treasurer Vke Chalrman Ifrom 20.4.23) Asslstant Churchwardens Mrjohn Weaver Mr Stephen Greenhalgh The PCC met slx tlme5 throughout the year, fve tlmes In church and once elecrronlcalty, ￿￿th an avera9e level of attendanc4 of 7596. When nècèssary. It appclnts worklng groups to perform speclflc tasks. Betr4een meetlngs. It operatés through Its stsndlng Commlttee and also by elettronSc meetlngs. In addltktn to the Standlng Commlttee, the Housekeeplng and Flnance Comrnlttee meets r•gularty. The All 5alnts Commlttee meets as necessary. Iwlth sub.commlrtee PJrlsh Centre Management), monltors church finances Jnd advlse the Treasurer, and alds the Churchwarden5 In the malntenance of the church estate. alLs￿o￿ manages the dayto day runnlng and maIntenan￿ of Al Salnts. ObJectIv￿. khlevements and Performance durlng the year The church hadto expand on thecommunlcat¢on stepsthatyéere tskenof necesslty durlng the Covld pandeml re5ultlng In Increased d￿erSIty of those communlcatlon& It has contlnued to bulld on that communlcation. e5peclally wtth regard to the broadcastlng of seNlces, The broadcastlng of services from the church have Improved both In quallty and coverage. Ongoing Investment Improved equlpmen¢ and the maln Sunday servlces are now covered, followlng the GDPR guldellnes. An Open VI￿0￿ Meetlng was held In church agafft Intr summer. and all churth memberswere urged to attend to conslder and discuss the goats of the church and those could be athieved. Resu￿5 from th* meeting have been a551rnilated. and where appropr*e. In[tiatr￿ artslng have been implemented ortaken forward. Our shared Curate. Re¥d Mlchael EatoTrWe115. ￿ a150 senrts the nebjhbourlng parlsh of West Moors In thelr time of Vacancy. contlnued valuable and enth￿astIC regular attendance at church seNKes and attMtte& He tnaster-mlnded and followed through with the very succe55fv1 Fes￿1 of Angels durfng A(fvenL whlch saw the whole church festooned ￿ryth angds ff4ide and offer•J thrO￿h marry sources Indudin9 parbhloner& 5¢hools and ffiends of the churth. Reverend Deborah Matthths conynued to seek to foster strong relatl¢)nship5 Mth the sthoots, woMng with Marina S(hettlno, the part tsme Chlldren and Famlty V￿rker empluyed to 5e&k to caffy on the corrtarts and relationships bullt bytheyouth Workerwhose contrarthad cometo an end. JennyBaxendale contlnued to bulld on herverysuccessfvlJunb)rChoir init1a￿l with the Cholrsatrendlng church and pwfom1lngat5eThry￿ durfng the ￿ar. and the chlklren a￿0 taking part In praJEr andjesse tree actP4itses In church. Together@ Sixlthe Sunday 6pm 5ervlcel condnued to growin strengthand popularitythrough theyear. offerlng a more relaxed style of modernworshlp with interadive Bibleteaching led byordlned and lay church members. wfth dlscusslon groups over a cup of coffee. The RemembrarKe Day seThlce was verywell attended. and EasteraThJ Chrlstma55er4rfceswere a150 popular. The number of Home Groups available Increased durlng tt* Jpar. The Stsjdles Induded tI￿e pertlnent for particular Ime5 of year (such as Lent and Advent), and both wider and more detalled Blble xudies on toplc5 such asjob, Mtsslon artd the People of Promlse. Members of the thurth are kept up to datewlth weekty newssheets. and a monthty pubucation (Angels &Salntsl amplffled Information. T￿￿. togetherwith additi(￿31 material Indudlng prayers tslks and thoughts, have bew pub115hed on the thurch website, which also continued to adwse about all churth aCttvI￿es and seThlce5. Some members do not have access to the Inteme¢ and the undertaklng started durlng Covld to ensure that such members remained In communicatlory contfinued throughtyrt the year. Thi5 invofved hard coples ofthe Angels & Salnts, together7Mth some other items appearing on the webslte and seasonal aKouragements and inf0rniatl0￿ belng hand delfvered to those members monthty ty scffie ofthe LPA& There are now 9 Lay Pastoral Asststants (LPAS). Throughoutthe year. the LPAS cmdnued wth pastoral supporL They undertook home vlslts where appropriate indudlng Hoffle Communlon. ar￿ take monthty Communion Services to 3 local Care Homes. They a150 h051ed a Lent LurKh and Bereavement Teas during the course of the year, whlch were appreciated by attend￿ Theyare sUPPOrted ty dergy in thls mlnlstry. PCC members contlnued to undertake their fijnctions to engjre that the objertfves were fulfilled IncludSng undertaklng updated Safeguarding tralnlng. Reports on Safeguardlng are gNen to PCC mernber5 by thè Safeguardlng Offlcer ateath PCC meetlng. The ¥York of the PCC in appolnting School Gmmofs was r￿MInal due to sweral sthooEs becomlng Academy Trusts, and the afterafjon ofthe wm wthlth Primari￿ admlnSstered ty the DI0￿se. Sunday Lunches whlch ¢)fftred a two course meal wtne or soft drlnk arKI coffee and mlnts to elderty members of church and communlty, continued to be very FK>pular and the number5 attendlng Increased over the ￿ar. Thls mlntsiry enabled prornotion ofthe alms and objettives In outreach to the cixnmunlty. The below report5 from the Commlttee5 Outllne ￿ti￿[C activltles and achiLwements commensurate ¥wth thelr remlL Church Attendance The number on the Electoral Roll Is 127. Durlng the year.12 Ser￿c¢S of bapt15m, 5 weddlng4 25 fvnerals and 6 burlals of ashes were undertaken. Baptlsm farnllles were posEtlvelyèncouraged to return to church at a subsequent 5ervlceforthe baptlsm candle. St Mkhaefs offered a SLtnday eucharlst seThlces at 10am on Sundays. whlch was also broadcast ar￿ recorded for You Tube vlewlng. A Farn1￿ ServSce was held at a 10am servlce once J month, wlth Puppet Mlnlsty or a Junlor Cholr. Revd Matthews Con￿n￿eS to be keen to try and encourage the schools to have a part In these servlces, and the cholrs have been both welcomed and much appreclakd on the several occaslons they sang. The church opened for Mornlng Prayer three tlmes durlng thé week. and a eucharlst seNlce was offered at 9.15am on the flr5t Tuesdayof the month followed by a coffee mornlng. An Evenlng Prayer S¢￿ce was offered once a week. An 8.30am Prayer 8ook euchartst 5ervlce was held once a month. Speclal servlces were also held over the Festlval pertads. At Salnts, there were eucharlst senA¢es on second Sunday3 In the rnonth, and mornlng pralse on the fourth Sundays. subject to avallabllty of offlclants. R•ptyrts from th• Commltt The HFC met 4 tlmes durlng thls yeJr, In January, May, Juty and October In the Meetlng Rt￿M under the Chalrman$hlp of Steve Greenhalgh. We have, as ever contlnued to examlne and approve our accounts at each meetlng. The flnanclal affalrs of the p4rlsh have agaln been a cause for our ongolng concem. Several of our older members of the congregauon have elther dled or moved awayand consequently our Income h85 reduced. However we are nty￿ seelng new members lojnlng our church famlty, and as the congregatlon Increases. th• donatlons have Increased by number but not by value. In the January meetlng, we examlned Jnd 4pproved the accounts for the year ended December 2022. We a150 revlewed the Parlsh Gfvlng Stheme for 2022 whlch had Increased ¢0 52 donors. Our Income ￿ntynued to be lower than befort the Pandemlc and It was only because we had an anonymous donatlon of £25.000 that we were able to meet our reserves pollcy. We dt5cussed the forthcomlng huge Increase In Lrtllty charges and agreed that all malntenance at St Mlchaevs. che Parlsh Centre fjnd All Salnts would conttnue to be reduced to mlnlmum. We rÈvlewed and agreed rlses for the staff wages and for the Honorarla. Essentlal ma5ntenance such as the removal of a tree In the churchyard. new slgnage, roof and elettrlcal repalrs was pald for from the re5tr1cted 4ccount. In Quarter 1, our Income was £47.75Z MOSt￿frOM the Parlsh Gfvlng Scheme but Parlsh Fees and Parlsh Centre Income had both Increased. Expendlture was £43,163. AlthoLrgh the Income exceeded the expendlture by £4.588, It Included a transfer of £15.IJOO from our restrlcted fiJnds to pay some of our expenses. Energy costs were now 4 tlme5 those In 2022. It was agreed that we would contlnue to pay future Honoraria out of our Restrltted Funds. Parlsh Glvlng Scheme IPGSI had reduced to 49 donors but 56 people were Invofved. The SUMUP machlne had already pahj for Itself In donatlons. Mlnlmal malntenance at St Mlchad's and All Salnts contlnued. A three year fixed rate energy contract to start In December 2023 was negotlated by the Treasurer, whlch wlll reduce the charge5 by 213. In Quarter 2. our Income was £33,11 S. Parlsh Centre hlre had agaln Increased. Expense5 were £39.015. The defldt thls quarterwas£5,900 and the treasurer sald thatwe were spending £2,000 a month more than we were earnlng at present mostly because of the energy charges. PGS remalned at 49 donors. HFC budgetwas agreed. Items ralsed in the Qulnquennlal Inspectlons contlnued to be prlorltlsed and a5 many Items a5 PQ551ble were dealt wlth by volunteer members of the congregation. The newly formed Energy Commlttee was looking at dlfferent ways of heatlng the church and at the posslble Installatlon of Solar Panels and secondary double. glazlng In areas of the church. They were also researchlng fsnance for th1% In Quarter 3. our Income was W.230.1I7. Expendlture was £37,683.68. Income for the year to date was £114.097.07, Expendlwrewa5£119A61.Thls dld not Include the utllitles blllfor Q3as ￿ had notbeen re￿Ned by the end of thls quarter. Rethcted fvnds conJnue to be used for Honorarfa, Chlldren¥ Worker, and essentlal maSntenance. Parlsh Centre irKome Increased to£12,985. Fund ralslng fortheyearso farwas £2.558, The Partsh Share was £21.368 per quarter and was pakl ln full. PGS had reduced to 47 follcmlng the death of a member and Income from the scheme Is re¢luclng because of the IrLcreases In the cost of IbAng. The Energy Committee Contlnued to research new sJ5tems of heatlng. an(1 how to fund The Parlsh Glvlng Scheme now had 47 reguLir donors or couple5. The ma￿rI￿Of ourdonors contlnued to allow the PGS to Increase thelrdonathins annualty In Ilne wlth the Retall Prlce Index. As noted las¢year, the advantage of thls system Is thatour Income from It Is pald monthty as Is the tax rebate. whld) ts betrer for our tash flow. In addltlon, all the admlnlstratlon Is done by the Company. sa*An9 tlme for our Treasurer and the Donatlons Secretary. rfng the wr, routln• malntenarKe of the bulldlngs and the gr￿r￿lS ha5 contlnuod at AU Salnts and at St Mlchatfs by a dedlcated but small team of volunteers Our volunteers swe the thurch hundreds of pounds each ￿rWI￿ thelr careful and dlllgent *r)rk and we thank them m05t 51ncwety. We alw￿ Mplcome ary new helpers, as ever, the more the bettÈf. Outreach donatlon to Ch4rlty has remalned at S* of our donated IrKome. Andre+¥ Green and Cyrll Sampson have con￿nUed to court and bank any donatlon5 that have been handed In over the year and we thank them for thelr urstsntlng serN*e and the tlme they gfve, especlally as It becomes more dlfflcult to flnd a bankto paythe money Inta Steve Greenhalgh conUnues as our DonaUonsSecretaryand we thank hlm too for the houts h• spends In malntslnlng wr records •￿j encouraglng more people tololn the scheme. The Parlsh Centre Management Cornmlttee. a sub Commlttee of the HFC met In January. February, May and October In the Parlsh Centre. At eath we the •cdv¢des In the Centre and cOn￿nUed to be grateful that tho uptake of our fadlltle5 contlnued to IrKre•￿ Thls meantthat owlncome Increased too. Much tlme was Spent In worklng out new rentsl rates to cover the hu9e utlllty bllls we recelved. Revlew of the ra¢e happeried at every meetlng, Elertrlcal updatlng of the Centre has agaln contlnued through the yearas necessary. Llghts In the hall have been repalred and the outslde Ilghts fixed. Thè storage cupboards In the corrldor hwe been adapted for use by dlfferent gmups hlrln9 the hall. Deep cleanlng of the kitthen was agaln cJrrfed out In Aprfl ar￿ October. Fundralslng ha5 Included a Pupw Sh￿1. Muslt F•stb4al, Cream an Angel fesdvJl wlth 4 ChrlsMas Market and Carols round the Plano YAth Supper. We thank all those who wère Imffjlved In thèsè succe55fv1 and lnloyable events. The amount raw for ts yearwas £3943A9. The Par15h offi￿ Is ahways a bu5yplac¢andthIsyearh￿ agaln been noexcepJon. Ellen manages all the General Parfsh adrnln55tratlon so well and cheerfulty. She has a150 spent many hours with the Par15h Centre Hlre admlntstratlon, both vlth our exlsyng dlents and as nert dlents arrlve. Vllthout her, It slmpty would not be as successful as It ts. She has COn￿nUed to be helped bya small band of tralned volunteers, and we thankthem for thelr help. Ellen's cheerful smlle and amazlng effidency In the Offtce make all our lfves easler. We record our huge and grateful thank5 to her. Ro Green Secretary to HFC 4ynd PCMC chGM The 2023 budget allocate(I by the PCC for the pUr￿eS of outreath glvlng was the equfvalent of £1316 per quarter. vdhlch equJte5 to 596 of given Income. The list of chafftle5 proposed and agreed was Shorter than that of pr￿￿0￿ years, but agaln Included local groups. or those w￿h a Irxal connection. and those vthere we bel￿d our dOna￿On5 would be well used and make a dlfference to the work they Could carry OUL In orderto process donadons in the mosteffKlentand Cos¢effetti￿way. paymentswere made by BACS. bnstead of sendlng a cheque. The donatlons were dTrstrlbuted to charltlls as folknws: Q1 ￿ab￿re Chrtstlan ca￿ & Support £41& Mu51zl J(yy Foundatlon {forthelr W￿)1k In Ugand•l £450. Rlrwd Foodbank £450. Q2 SL Luke's Healthcare for aergy £41& SalI￿ryTruSt for the Homeless £450, SJNsbJry Womerfs Refuge £450. Q3 Muslzlloy FOUnda￿On £416fforthdrChrlstynas appeal-theyhada matth fundlng agreement wNth should have doubled arydonatlon recelvedl, Tearfund £450(forthelr Mlddle East EmergencyAppeal forth05eaffecthd bythe collfllct In Gaza and Israel), USPG £450 (worknng wllh the Dlocese of Jerusalem to give support to the A. Ahll Arab HosptsD. Q4 CAP £450 Ichdstlans Agalnst Poverty- for local support monty advlce, debt counselllng In the East Dorset areal. RSngwood Foodbank £450, Sallsbury Women's Reluge £416. Addltlonalty, members of the corvjregatlon regular donjtlons of Cas￿ food and other ￿ern$ to Rlngwood Foodbank. Chrlstmas ￿•M5 were generously donated and transported to Sa115bLSry Women* R•fuge. There were also fundralslng events held durlng the year whlch raLsed money for oth*r charttk5 suth a$ The Chlldren'5 Soclety and a150 those Char￿*S supported by some of the Lent Lunches. The charltte5 are so appreclathe of our donatlons and our ongolng prayers for thelr worl thelr staff. thelr volunteers and all those they wppcrt Please cornlnue to prnyfor thelr work tf you wlsh to know more about the charlues aboNY, Orha￿ other suggestlonsforu5 to conslder, please contatt my5eWor another member ofthe PCC B•ryl Greenhal9h 107803 6782811 The blweekly Communlon Mornlng Pratse servlces held thr(whou¢ 2023 wer• f4lthfulty supported by the dedlcated and welcomlng church communty. Includlng members from St Mlthael's congregatlon. A Lent Lunch was held on 7 Marth 23 In 5upm of Save the Chlhjren. Syrlan and ru￿Sh Èarthquake& Th1$ ralsed over £202. Ajso a'PlnW coffee rnornlng was held on 21 October 21 Th15 was In support of 8reast Cancer UK and ralsed over £328. Speclal thank5 are due tojosle Taylor and Gam Sjlmen for arranglng these successful and full capacty events. Mlthveek coffee momlngs restsrted at Salnts on 15 November 23. As well as the (￿h collected at worshlp seTrlces. contrlbutlons made the con9regatbn twrds th* c05t of coffees are passed on fo general PCC funds. The upper rooms of the bulldlng were hlred by a prtvate settor counselllng Senrt￿ wlth effect from 1 Aprfl 23, and a Flr5t Ald Group conttnues to hlre the bulldlng as requlred. The Falr Share Food Larder conUnued Its valuable wlth slgnlflcant support from thurch member% The atmosphere was good YAth thryone appreckV¥e of the servlce. Anne Tu￿1 celebrated 35 years of Pla￿n9 the oryan athjl SaSrts on 10 September23 and the Lbventwas marked wlth sherry and cakes. Slmllaty, shery and c4kes were agaln enjoyed ¢0 mark Norman Moulan¢Y5 retlrement specfflcalty hls last presldlng ser¥ice on 8 Ortober 23. The Atl Salnts Commlctee held an ¢)pen meetlng on 10 September 23. Jny matters of note belng reported to andlor dlscu55ed by the regular congregatton as approprlate. Durlng the year. the bulldlng and ground5 were well malntalned, and thanks are due to Nlgel Beacham and the Malntenance Group. wlth partlcular thanks to Nell Salmen for hls con515tent laljours In (among other thlngsl hedge and grass Cuttlng and ste￿ Greenhalgh for undertaktng such repalrs a5 leaksthrDughthe polycarbonate roof. and re.fixlng loose brick& Addltlonalty. N*1 arrnnged forthe connealng door tothe nelghbourtng prlvate garden to be brlcked up, as the fornier door no longer served its purpose and was dlsadvantsgeous to our nelghbour. Part of the cost was fvnded by the All Saints Spencer bequest. Outstandlng Is the need to address unevenness In pans of the maln path to the church doors. partlcularly nV•V there Ls more publlc use. A volunteer cleanerfrom St Mkhaefs now underEakes the cleanTrng of the maln church room, and window cleaning Should be undertaken by the contrartor who cleans at St Mlchaels. Etappears that no action can be tsken to reduce the mud generated over much of the car park during wet wthither. Sadty. the year saw the passlng of two long 5tandlng members of the Church. Ken Payne dled on 1 July 23. He had sèrved asTreasurer of the All Salnts Commttteefor manyyears, Tony Moys dled on 11 December 23. only a few months after Grace and hls move to the Bucklesham Grange Care Home Sn Ipswich. Both are affettlonately mlssed. The congregation looks forward to All Salnts Church contlnulng tts long hlstory as a focal polnt for Church of England worshlp In the Three Legged Cross area of Venyood Parish. Bob Turvil All Salnts Commlttee Secretary The PCC Is aware of the need to compty wth the guldance Issued by the House of Blshop5 on rnatters relatlng to the 5afeguardlng of thlldren and vulnerable adults. as set out In 5ectlon 5 of the Safeguardlng and aeryy Discipllne Measures 2016. It Is confirmed that regard has been had to thls Guldance and In partlcular to paragraph 3 of the Key Roles and Responslbllftles of Church offlce holders and bodle5 Practlce Guldance and I further conflrm thatth15 Guldance has been complied with durlng this year. Thls year saw the Introduttlon by the Dlocese of the Parish Dashboard, Dlscussion at the PCC. and subsequent updates of the Action plans, permltted the Dashboard to be completed to award the church a Level 3. Coples ofall documents are wlth the Par55h Office. Additlonal tralnlng by undertaking the DoMeS￿C Abuse onllne course was also requlred durlng the year, and steps were tsken to ensure that all those who neÈded to undertake thls tralnlng did so. Refresher tralnlng of the 8aslc Awareness course was also requlred and undertaken. Detalls of those perx)ns complettng such courses are kept as required In the Parlsh Office. DBS Certlflcates have been monltored, and new or updatlng Certificate5 applled forwhere necessary. The Churchwardens wlll continue to be kept up to date wlth safeguardlng materlal and Infomiatlon recthed from the Dloce5an offlce for onward transmi5s1on to the necessary reclplents. It ha5 not been necessary to make any report5 concemlng Safeguardlng15sues this year. Whilst there has been nothlng to roport we are not complacent and all concerned have been aware of the need to be partlcuiarfy vlgllant to protect vulnerable person5wlthln our church, Details of our Safeguardlng Pollcy are Still clearty slgnposted on ourwebslte and In churdk Carol Weaver Safeguardlng Offlcer an The 2022 Report induded the following: "Outlook for 2023: We know already that our Parish Share15 Increaslng, energy costs are r151ng dramatlcalty, and that general Inffatlon wlll be about S-796. We are not fadng a flnancial crlsls Immedlately. but we could be toward the end ofthe year." In recognitlon of these facts our 2023 Budget forecast an operadng loss of over £30.000. £136,157 £168.201 2023 operatlng Income 2023 operatlng expenditure 2023 operatlng loss We were extremety ft*rtunate. In that our Shares. both General and Rè5trlrted lared extremety well and we recefved Capltsl Galns of £10,986 Thls rnducod our mr•ll loss to th,058 Parlsh Share dld modestly Increas< energy costs were Indeed horrlflc. and Inflotlon peaked at over 10%, Not un5urprlslngly we wlll be faclng a 1Snancial cr151s In 2024, Whllst Parlsh Share Is our largest expense. It represents a worthwhlle cause. It pays for our PrlesL the upkeep of the PrlesV5 house. Clergy pen51on5, tralnlng and Parlsh Support, Mostof the money Is accualty fed back to the parfshes across the Dlocese. Our overall Glvlng fell ￿st year, buc our Income from'operadng Artlvltlel rose slgnmcandy. Thts resulted from exollent Partsh Centre hlre recelpts. Muslc Fe5tlval, Angel Fe5tlval, Puppets. Chrlstmas Fayre, Cream Teas and many other opportunltles to share food, beverages and fellowshlp. Thank you to all those who organlsed, stJffed and supported these events. Importantly, these occaslons also alk*wed us to perform an Outreach actlvty. a5 many non.church people attended. Looklng forward w• tan see that our eneryy costs ￿11 f411 nextyear. bLttvSrtually everwhlng else wlll cost mor For 2024 the emphas15 must be addresslng our (ollectfve Gfvlng. If nothlng else change5, we wlll be In serlous danger of runnlng OLrt of cash. In ac¢ordanc• wth the PCC R•serves Poll¢y, the follovlng Infomiatton15 made for the Annual Report. 2022 2023 Increaseldecrease Unrestritted Funds Ratlo to operatlng exp•ndS¢ure 33.271 26% 37,877 2096 10% -25% Restrlrted Funds 96.755 97,007 Bulldln Ire alrslmalntenance 36,871 45.129 Faml Iyouth Work 52,026 45,444 Cholrlor an 6.546 4,778 Bar Martln Hardshl Fund 1,312 1.655 A5 a Charlty we have a responslblllty to declare what are our Intentlons wlth money In'Reserve*. The target figure for Unrestrlc¢ed funds Is £35,000, 45 thls represents approxlmately three months operatlng expenses. At year end we were just able to meet thls requlremenL comblnlng our General Share Funds plus cash In the Bank Wlthln our Restrlrted Funds the bulk of the money 15 5pIIt falrfy eventy berween the Youth and Bulldlng repalrslmalntenance fiJnd5. We contlnue to ernploy a part tlme Famllyworker. There are no other current plan5 for thks fvnd. The BuIldIn￿rePaIrs1ma1ntenanCe fund Is relatlvely self*xplanatory, to allow for general upkeep and Improvement of our bulldlngs as necessary. Durlng 2023 the only slgnlftcant expendlture was the brlcklng up ot the slde door at All Salnts. Remalnlng wlthln thls fund there Is an element for fumlshlngs. plate sllverware and garments. The Barry Martln Fund provlded supportto a chlld experlenclng deprlvatlon. In agreementwlththe Housekeeplngand Flnance Committee all Restrfcted Fund dfvldends and lastyeafs capltal galns were allocated to Bulldlng. Cholr. Organ and Barry Martln funds. Nell Glb50n Treasurer to Verwood PCC 196 25% -17% -33% 24% Deanery Synod Wlmborne Deanery Synod had three meetlngs durlng the year, one of whlch was by Zoom. The churches representatfves were Invofved wlth each of those meetlngs. The March meeting had over 30 attendees who recelved a brlef update on the South Sudan vlslt by Shella Soper. and an Interestlng exposltlon on lay mlnisty In Its varlous fomis. led by Rev Canon Ka￿n Hutchlnson and SUPPOrte(I by several others. The meeting was pleased to hear that the deanery had 62 LPAS, a5 well as LLMS and LWL5. The trainlng opportunltles were rehearsed. Followlng commlt*e and offlcer elecrtons at the June meeting, those present heard from the trto of Guest Speakers, Llzzle Whltbread and Hannah Tarrfng from the DI0￿e and Kevln Met(a￿e from StJohn'5 Wlmbome. on children and yotjng persons. This Ir￿uded an update on the cour5e5 run and exlsting prolerts, aswell as the aim to build a multl medla chaptalncy. Some schools in the Wimborne area had been consulted. Canon Gill aarke then spoke on 8lshop Srephen's mis51on to Makejesus Known In the DeaneryActlon Plan. and the broad remltthis would entall. Further discu5slon5 were to take place. Afond farewell was sald to Revd Andy Muckle. who has answered a calling In Leeds. The November meetlng saw Canon Glll Clarke leadlng mefflbers through the DeaneryAttK)n Plan, The Meetlng was reminded, in consldering Eco Church and cl1matejus￿ce. that Infiuenclng the hearts and mlnds of church members, havlng regard to thethelr considerably highèr impacL was more importantthanlust seeklng to make our church buildlngs more eco frlendly. DIscu5slon polnts focussed on tradlng on strengths and klendfylng weakne55es in use of bulldlngs etc.. leader5hlp prlorltles wlth other churche5: Inv0￿Ment In local schools brlnglng together like mlnded people. Includlng sharlng courses such as marrlage courses,, and fundlng for new Inltlatfves Revd Domlnlc Meering. the new rector of Hampreston and Femdown. was welcorned. Statement of Trustees, rnsponslbllltl The Charty trustees are responslble for preparlng a tru5te* annual ￿pOrt and flnanclal statements In accordance appllcable lawand un￿ed ￿ngdoM Accounting Standards (United Kingdom GenerallyAccepted Accountlng Practlcel. The law applrcable to charltles In England and Wales requlre5 the Charlty trustees to prepare financial statements for each year whlch gfve a true and falr vlew of the state of affalrs of the Charity and of the Incoming resources and appllcatlon of restyjrces. of the Charlty for that perlod. In preparlng the finandal statements, the trustees are required to: selert suitsble accountlng policles and then apply them con51stent * observe the methods and prlnciples in the appllcable Charities SORP. makejudgements and estlmates that are reasonable and prudent stste whether appllcable accountlng standards have been followed, subjett to any materlal departures that must be disclosed and explained in the flnanclal statement5; ' prepare the flnanclal statements on the golng con￿rn basis unless It15 Inapproprtate to presume that the Char￿ wlll corrtlnue in buslnes% The trustees are responslble for keeplng proper accountlng records that dlsclose wlth reasonable atturacy at arytlme the financlal posltion of the charlty and to enable them to ensure that the financlal statements comply with the Charltle5 Act 2011, and the appllcable Charltles (Accounts and Report51 Regulations. They are also responslbfe for safeguardlng the assets of the Charfty and taklng reasonable steps for the preventlon and dete Son of fraud and other Irregularities. The trustees are ￿sPonsIble for the maintenance and integdtyof the Cha nd flnandal Informatlon Included on the Charltys web51te in accordance wlth leglslatlon In the Unlted governlng the P￿paratIOn and dissemlnatlon of flnanclal statements. the PCC 21March 2024 and slgned on its behalf by ia Palmer Secretary Neil Glbson Treasurer *** Charity registered number 1130729 The Parochial Chllrcb Council of the Ecclesiastical Parish of Verwood SL Michael and All Angels and Illl Saints Accounts for the year ended 31st December 2023 The Parocbial Chureh Council of the Eeelesiastical Parish of Verwood Contents Page Reference and administrative iDf0M￿ti0n Statement of Financial Activities Balance Sheet Notes to the Accounts Report of the Independent Examiner 15 The Parochial Cburch Council of the Eccle8iaStical Parish of Verwood BoArd of Trustees The elected Truste¢5 and Honorary Offi¢ern at the date ofthis report and holding office during the year were: Rev D Matthews Mr8 J Palmer Mr N Gibson Mrs A Bale Mrs J Baxend&le Mr N Beacham Rev M Eaton-wells Mrs R G￿en Mrs B A Greenhal8h Mr S Greenhal8h Mrs E Ingram Mr R Johnson Mr R Morgan Mr D Moss Mrs A Steph¢ns Mr R Turvil Mrs B Walton Mr S Walton Mr J Weaver (Chaimian) (Secretary) (Tr¢8sur¢r) (Vice Chair) Regl8t¢red ChArity Number 1130729 Charlty Addrejs Potterne Farni Co¢ts8e Pott¢rne Way Three L¢88ed Cross Wimbome BH216RS Independ¢nt Ex•mlner8 Grant Sellers Bank Court 12 Manor Road Verwood Dorset BH316DY CAF Bank Limited 25 Kings Hill Av¢nue Kings Hill West Malling K¢nt ME19 4J The Parochial Church Couneil of the Ecclesiastical Parish of Verwood Statement of fmancial activities for the ear ended 31 Detember 2023 Fullds Toral Funds 2023 2022 Incoming Resources 93.712 4.619 98J31 131786 Other voEuntary illcomirtg ResouLre5 Investtnertt lttcon 2b 2e 435 1.043 435 35133 1888 3,7Y2 operating activities Acttvittes for geneming fiu 2d 2e 29.435 29A35 19,917 S466 TOTAL INCOMING RESOURCES J57 Roources Used Grants and charitable giving Adivities directiy relattng ro the work of the thurth Cost of raising fimds 5.443 4.695 10.138 7341 3b 3¢ 14fi684 l iJ79 IS8,063 14i766 TOTAL RESOURCFS USED 152.127 1fi074 707 NET OUTGOING RESOURCES -23.477 -8J67 io irNREALISED LOSSIGAfN ON Il67 &819 1•,986 -17,039 NET MOVEMEf4TS TN FUNDS -21 io -21.058 91 Bal*ll￿ brought fonwd at 1st January 2023 437958 96.755 534,713 549,691 Balances carrted fonvard s at 31st December 2￿3 416.648 97.( 511655 534,713 ststement of financial Attivlties for the ear ended 31 December 2023 Th¢ Chty h¥ no rWrti￿ga1nS or10$54 othu tha those duii with in the of financ0] xtiYitse5. The not&% to the financial statements provth inforniation on rnovements in the Charl￿S fimds duriDg the year. All incoming out80iD8 Rsources derive from CODtinuiog a¢livities during the artd previiyjs period. A listing of all Restrictcd Fund8 i8 *Note 13 tO8eth¢r with a Sta*meni of Finanei&l Ac¢ivity fDr¢ath. The notes on p48es S to 15 form pwt of these accounts. The Parochial Church Council of the Ecclesi2Stical Parish of Verwood Balance Sheet as t315t December 2023 Unrestricted Restricted Funds Funds Note TOTAL FUNDS 2023 2022 P￿ED ASSETS Tangible assets Heritage assets Investm¢nls 347,311 31120 26,884 406,315 347Jll 348,511 32,120 32,120 97,963 14847 139,527 97,963 S04,278 520,158 Total Fixed Assets CURRENT ASSETS tkbtors io 2,534 1534 2,610 Cash at bank and in hand 10,927 13.461 ii,oii 13,545 13,799 16.409 Total Current Assets 84 LIABLITIES Creditors: amounts falling due wtthin one year li -3,126 -1,040 4,168 -1,854 Net eurrent Assets 10.333 -956 9J77 14,555 TOTAL NET ASSETS 416,648 97,007 $13,655 534.713 PARISH FUNDS Unrestri¢ted Restricted 14 14 416,648 416.648 437.958 97.007 97,007 96,755 97,007 513,655 534,713 416,648 Approved by 15 February 2024 Rev D Matthews Chain￿, Vtrwood Parocl)ial Church Council CharAty number 1130729 The notes on page5 5 to 15 fvrni pfrrt of th¢st accounts The Parochial Church Council of the Ecclesiastieal Parish of Verwood Note5 to the Accounts AccounlingPolici General The fin8ncial slatements have been prepared in accoThlance with the Church Accounting Regulations 2006 together with applicable accounting standards and the Ch8rities Ststement of RecomEnendeJJ Prnctice 2019 (FRS102), the Financial Reporting Standard applicable in the United Kingdotn and Republi¢ of Ireland (FRS 102), the Clwiti&% Act 2011,and UK Generally Accepted Accounting Practice. The Cl)arity has tsken advants8e of the cxemption in Financial Reporting Standard l from the require0￿t to produce a cash flow statement on the wnds that it qualifies as a small Clwity. The financial 5tstements have been prepared under tbe bistorical c05t convention except for the valuation of investment assets and Ewitsge asset4 whi¢h ar¢ shown at market value. The presentation currency of the financial statements is the Pound Sterling and is rounded to the nearest £1. The Charity meets the defll)ition of a public t¢Thefit ¢ntity under FRSIO2. l.b Funds General funds represent the of the PCC that not subject to any restTiCtions regarding their use and are available for the gencTal PUTposes of the PCC. Funds designated for a particutar puwe by the PCC are also unrestricted. The accoults include all transaction5, assets and liabilities for which the PCC is Tesponsible in law. They do not include the accounts of Church groups that owe their main affiliation to another Eody nor those that are infornM] galheriw of Cèturch memlxrs. RestTi¢ted fuuds are fi￿dS vA)ith are to be used in ac¢ordaD¢e with specific restrictions imposed by the donor andloT within restricted purpo￿ included in the objects of the cE￿Ity. Incoming Resourees Yoluntary income and capital sources Collections are recognised when received by OT on behalf ofthe PCC. PlanneAI giving receivable under covenant or standing order is recognised only when received. InGome tax recovered on covenants oi aid donations ts recoguised in the same year as the income to which it relates. Grants and legacies to the PCC 8re accounted for as soon as the rnoney is re¢eiv Funds received by festivals and similar events ar4 where ever po&sible accounted for 8tOSS. Oiher ordin¢7ry income Rental income from the lettiD8 of Church premises is reCognis￿ when morries are ceived. The Parochial Church Council of the Ecclesiastical Parish of Verwood Nota8 to the Aeeounts contitio Accounting Polici￿ (conlinued) Incomefrom investments Dividends and interest are accountcd for when received. Gains Cind losses on invesfftients Realised gains or105ses are recogwsed when investments are sol UDrealised gains or losses are accounted for on Eevaluation of invest[ll￿ at 31 December. Resources Used Grants Grants and donations are accounted for when paid over. or when awarded. ff that award creates a binding obligation on the PCC. Actlvities directly relating lo the work ofthe Chwch The diocesan quots or P￿ISh Share is a¢counted for when payable. Any quota unFeid at 31 Dccember 15 provided for iti these accounts as an operation8J (though not a legal) liability 8nd is shovn] as a creditor in the Balance Sh¢¢t. (2023 was paid in fijll.) Governt7nce costs Governance costs comprise all eosts involving the public accountability ofthe Chariry and its compliance with re8ulation and good practice. These costs ioclude costs relattA to Fixed Assets CorL9ecrated landandbuildings andmoveable Churchfyrnishlngs Conse¢Trted and beneficed property is excluded from the accounts by $.96(2Xa) of the Charities Act 1993. Moveable Church fiunishings held by the churChw￿en5 ou speci81 tn￿ for the PCC and which require a faC￿ty for disFK)sai aTr eonsideted to be iDaiienable property. SOPIJ 2019 recommends that such property be tsken into the annual accounts as assets of the PCC. The PCC follows this recon)mendation for long terni assels. known as 'I￿ltAge assets" which were profession8lly valued 2nd are now in¢luded at the aswsed curreat market Valuatio￿ Sept 2019. Since in gencrnl they ￿tain their value or 8ppreciafr, no depreciation is charge& The cost of other fimisbings been written off as it was incurred. All expenditure incwrnl duzin8 the year on consecrated or benefir£ buitdiD8S and nwvable Church fimishings, whether maintenance or improvemenL is written off as expenditure in the Statement of Financial Activities (SOFA) and separately disclosed. The Parochial Church Council of the Ecclesiastical Parish of Verwood Note5 to the Accounts continued AccountingPolicies (continued) Fixed Assets (¢ontlDued) Otherfixfures,fithngs apd equipment Equipment used and repair5 Wlthin the Parish Centre are Twritten off in the year of expenditUTf. Property vested In Sallsbury Dlocese SORTr 2019 recommend5 that propety procutcd by the PCC but vested in the.Diocesan Board of Finallce of the Salisbury Diocese, which therefore has sole title to LL should be shown as an asset in the PCC accounts. There are two Properties which fall under this heading The land on which the Parish Centre was built. The PCC resolved to bring this into the a￿oUnts in 2003. It is valued at cost and is not depreciated. AIL Saiuts Chu￿h, which th¢ PCC rc501ved to ￿Ing into the accounts in 2006. is a freehold property cornprising the building and the 18nd on which it is builL It is valued in the accounts at cost and is not depreciated. All repair5 and minor improvements are v￿Itten off in the year of expenditure. The Parish Centre building, which is a propety which is built on land owned by Salisbury Di0￿e but which rights pertaining to tbat property rest with the PCC (ex¢luding ¢onsecrated land and buildings as detailed above), is shown as an asset at cost, less anmial depreciation of £1,200. Inves(mentJ tnvestrnents are valued at nwket value as at 31 December 2023 l.f Current assets Amounts owing to the PCC at 31 December are shown ls debtOTS less provision for amounts that may prove uncollectable. Short tem] deposits include cash held at the bauk. Volunteers and donated services The value of services provided by volunteers is not i￿Orporated into these financial statements. There w￿e no related party transactions during the year. (This me8JJs no Trustccs ￿CeiVed any remuneration from the Ckwity.) The Parochial Church Council of the Ecclesiastical Parish of Verwood Notes to the Accounts continued Inconung Resources Funds Fvods Tots] Funds 2022 2023 2(a) Incoming ruour from donors Planned 8iving.' Income tsx refimds CoUectLoll5 s￿la1 collections Donations 67J77 17.642 6.101 67577 17.642 6.101 4.555 1456 74,694 21 J24 3.042 3213 31.513 4.555 1392 Total 133 786 2{b) Other voluntary incoming r£*ources Grdnts Choir And ory8n incomeldonations Partsh centte donation Ittcome from Maton Legacies Total 435 435 434 435 435 434 2(¢) Incomefrom inveslments BaDk Iniere5t received Dividends rvL6ived 18 3.734 1.01 I 1888 888 3.899 Totsl 2(d) Incoming resourc from operaling aclivilies Pjrisb Centrt hire M¢¢ting Rfjom bire All Sainrs hi 17.222 1063 5.425 3.748 938 39 17222 1063 5.425 3.748 938 39 15261 3.434 utility Refunds 375 19 17 2(e) Adiviliasfor genernting funtts Fundraising activities Talents 4.Ir20 4.020 1.532 3,934 Total Ineoming RL80urces The Parochial Church Council of the Ecclesiastical Parish of Verwood Notes to the Accounts continued Resources Used Unrestricted Restricted Funds Funds Toral Fund$ 2022 2023 3(d) Grnnts and Charitable giving Outreath (5Ye of income) Restricted giving Oth¢r Barry Martin Dis¢r¢tionary Fund 5.263 5,263 4.555 180 140 4,240 3213 150 338 4,555 180 140 Total 31b) Activities directly relatlng lo ilie work ofÉlie Cliiirch Parisb share Clergy expenks Church running costs Parish Centre running wsts Parish Ceptre injprovements Services choir and or8an Support Costs (see nore 4) urch activities-other Depreci)tion 85.475 2J74 14.488 17,138 85.475 2.374 15,117 17.138 82.986 2.461 15,497 8.744 1.692 6.225 24.880 1.081 1200 629 2,852 22,259 898 1,200 4,168 6.582 7.020 28,841 898 1.200 Total 146.684 158 063 Total Resourc Used 152 157 16 074 1fi&2LI Support Costs 2023 2022 Office costs Audit fees Sundrie5 27,773 960 148 23.717 960 203 24iEQ 28 The Parochial Church Council of the Ecelesiastical Parisb of Verwood ot t the ecounts contfinued Stnff Costs 2023 2022 Wa8es 8nd salaries 24,817 22,038 During the year the PCC cmployed one part time staff member at the Parish Office and onc part time cleaner for the Parish Centre. A part time ChildreDS Worker wa5 in post all ycBr. No one earned in excess of £60,000 pcr annum. Employcr5 National Insurance contributions were £nil. Our contribution to our employecs defined pension scheme v￿S £285. Gains or losses on investmenls Dividends received from investsnents Are sbown within income from investments. As recommended in SORTr 2019, gains both from the movement in the market value of the shares that have not been sold, unrealised gains, and on shares that have been sold, realised 8ain5, are now shown as losses on our investment assets. Fired assets ro Parish Centse Tolal Fixtures Heritage Assets Lond Building Saints Coitor Vilu*tlo A5 at l j&nu￿ 2023 46,0fy) 270.017 91,704 3,054 32.120 412.895 As it31 December 2023 46,￿0 27Q017 91.704 3,OJ4 32.120 441895 DepMtl•tlon As il l J￿￿￿Y 2023 Charged in y A¥ at31 Decthnber2023 59.210 3,054 62,264 1.200 63,464 60,410 NetBookVAlue As at 31 D¢ranber 2023 46,¢)00 209,607 91.704 32,120 379,431 As al 31 tkcember2022 210,807 91,704 32,120 380,631 In 2003 the c05t of the freehold land upon which the Parish Centre is built was entered at cost into the accounts. Title to the land, and thctefore the building on it. rests solely with Salisbury. However, the proceeds of any sale would become part of the PCC'S general funds and they are therefore shown as assets of thc PCC vested inthe Dioces8n Board of Finance of ihe Salisbury Diocese. 10 The Parochial Church Council of the Ecclesiastical Parisb of Verwood Notes to the Accounts colltinued For the same reasons, in 2006 All Saints Church. a freehold propety, was brought into the accounts at cost, of £9l,704, as an asset vested in the Diocesan Board of Finance of the SaIisbury Diocese. Heritage assets were entered into the accounts in 2005 at market valuation. These &ssets were revalued in September 2019 by an indynd¢nt vaiuer. The PCC decided in 2004 that, WAth an expected life of the Parish Centre buildin8 well in ex¢ess of 50 years, an aDnual depTe¢iatÉon of £1,200 would be more appropriate at this time.. it Iw also decided that the rate of depreciation should be Teviewed at five-yearly intervals, at tbe same time &8 the quinquennial inspection. The latest WAew was conducted in February 2019 and the existing policy re-approved at the PCC meeting that month. All repairs and minor imprOvem￿ts are written off in the year of expenditure, Inves¢mentAssets These are investrnents held in CBF Church of England Fund Income Shares. They have been valued on 31 December 2023 at Bidloffer prAc¢ of 2260.53p per share (2022 At 2,064.59p per share). 2023 No of shares 2022 No of share5 Unrestricted General account Restrieted Bequest and other restricted fillkds account 1,189.29 26.884 1,611.51 33,271 4,333.64 97,963 5,146.61 106256 TotaI 124,847 139,527 There was one withdrawal from the General Fund, of £10,000. Two withdrawals were made frojn the Bequest Fund, totaling £20,000. Excluded from our ae¢ounts are Testricted fikuds that are held in a related 'lncumbent and Churchw8rdens T￿st for ecclesiasti￿ Purposes" by the SaLisbury Diocesan B0￿d of Finance as follows.. 2023 2022 Maton Investments 15,914 14.535 The Parochial Church Council of the Ecclesiastieal Parish of Verwood Note5 to the Accounts eontinued Cash at Bank and in hand Unrestricted Restricted Funds Funds Total Funds 2023 2022 Cash at Bank Cash in Hand 10,909 18 84 10.993 18 13,030 769 Totals 10,927 ii.oii 13,799 10. Debtors 2023 2022 HMRC In¢ome Tax refund General Debtors 1,532 1,002 2.610 Total 2,534 2.610 11. Credilors due within oneyear 2023 2022 General Creditors British Gas (five a¢counts) Total 2,891 1,277 4.168 1.854 1,854 12. Tronsfers belween Funds There v￿e none during 2023. 12 The Parochial Church Council of the Ecclesiastical Parish of Verwood Notes to the Accounts continued 13. Funds within the accounts Restrieted thnds Where monies have been donated or bequeathed ftjr specific Pu￿0$eS a restrÉcted ffijnd is Set up within the accounts. Our current restricted fimd5 are as follows: Special Collections for distÉnct and specific cause, usually not the Church Bequ¢st For bequests with a specific PUTPO4 generally the improvement or rnaintenance of the Church For choir earnings and expendittre To control monies specific to the organ and its mainterAnce For youth ministy For those in financial hardship. Exercised excLusAvely at the discretion of the Vicar. Cholr Organ Youth Barry Martin De5igDated Funds These are fllnds set up by the PCC for specific purposes. However, the monie5 within them can be re-allocated, or rettun¢d to tbe General Fun￿ by the PCC, if an appropriate authorisation is made. Some donated fund5 are subject to recall. if the designated putpose is not pursued. 14. Analysis ofnet assets belweenfunds General Fund Restiicted Funds Totsl Fixed assets 347,311 347,311 Heritage assets 32,120 32,120 Investments 26,884 97,963 124,847 DebtQTS 2.532 2,532 Cash at bank 10,927 84 ii,oii Creditors -3,126 -1,040 -4,166 Balance at 31 December 2023 416,648 97,007 513,655 13 The Paroehial Church Council of the EccI￿lastical Parish of Verwood Notes to the Aecounts continued IS. Reconcili￿10ft ofmovements belweenfunds - R￿Ti¢led A statement of )5nancial activity for each of the restricted fuuds for the year ended 31 December 2023. Special Bequest Choir Youth Disctetion Total Incoming resources From donors 4.555 4.619 Income from investments 1388 300 100 100 1888 Total incoming 4.555 1388 3(KJ 100 164 7.507 Donations Church wi)Tk 4.555 140 4.695 11,379 629 I,610 1558 65*2 Total resources 4,555 629 1.6JO 1558 Q582 140 16.074 Net tuources 1.759 -IJIO -1458 -6,582 24 -8567 Investment g8illS 6,5￿) I,OiXI l.OQO 319 8,819 Net movement in funds 8259 -310 -1.458 -6.582 343 Batance at I January 2023 36,871 1.837 4.709 51026 I J12 9A755 Balance at 31 December 2023 45.130 1.527 3.251 45,444 1.655 97,007 Fund As5ets- Restricted and Designated All Restsictcd Funds are held as investments ￿thin one CBF Church ofEngland Futsd, knowll &s our Bequ&st Fund. Some limited amounts are held in tbe CafBank cU￿ent account 14 The Parochial Church Council of the Ecclesiastical Parish of Verwood Independent EXamille￿8 Rtport to the Trustees of The Parocbi21 Chur¢b Council of the Ecclesiastiul Parish of Verwood I report to the charity knjstees on my exarnination of the accounts of the charity for the year ended 31 December 2023 which are set out on pages 3 to 14. R¢8ponsibllities And bASiS of report As the ¢harity's In￿teeS you responsible for the preparntion of the accounts in accordance with the requirements of the Charities A¢t 201 I ('the Act,). I report in respect of my examination of the ¢haTity's accounts catried out under section 145 of the Act and in canying out my examination I have followed all the applicable Directions given by the Charity Commission under 3e¢tion 145(5)(b) of the Act. Independent examkntr'$ statement I have completed my examin￿on. I confllm that no material matters have come to my attention in connection with the examinthon giving rne cause to believe that in 8ny material respect: l. accounting records were not kcpt in respect of the charity as required by section 130 of the Act; or 2. the aceounts do not accord with those records: or 3. the accounts do not comply with tbc appIl￿ble requirements conceming the fo and content of accounts sel out in the Charitie5 (Accounts and Reports) Regulations 2008 other than any rquirement that the a¢￿￿nts give a 'tTue and fair view. which is not a matter considered as part of an independent ex8mioatio I have no concerns and have come across no other matters in connection with the examination to which attention should be dTavm in this report in order to enable a proper understandin8 of the &ccounts to be re8¢hed. Stephen Sellers Institute of Chartered Accountants in England and Wales For and on lthlf of Grant SelleTS, Chartered Accountants Bar& Coutl 12 Manor Road, verwo￿ Dors¢ BH316DY 15 *** Charity registered number 1130729 The Parochial Chllrcb Council of the Ecclesiastical Parish of Verwood SL Michael and All Angels and Illl Saints Accounts for the year ended 31st December 2023 The Parocbial Chureh Council of the Eeelesiastical Parish of Verwood Contents Page Reference and administrative iDf0M￿ti0n Statement of Financial Activities Balance Sheet Notes to the Accounts Report of the Independent Examiner 15 The Parochial Cburch Council of the Eccle8iaStical Parish of Verwood BoArd of Trustees The elected Truste¢5 and Honorary Offi¢ern at the date ofthis report and holding office during the year were: Rev D Matthews Mr8 J Palmer Mr N Gibson Mrs A Bale Mrs J Baxend&le Mr N Beacham Rev M Eaton-wells Mrs R G￿en Mrs B A Greenhal8h Mr S Greenhal8h Mrs E Ingram Mr R Johnson Mr R Morgan Mr D Moss Mrs A Steph¢ns Mr R Turvil Mrs B Walton Mr S Walton Mr J Weaver (Chaimian) (Secretary) (Tr¢8sur¢r) (Vice Chair) Regl8t¢red ChArity Number 1130729 Charlty Addrejs Potterne Farni Co¢ts8e Pott¢rne Way Three L¢88ed Cross Wimbome BH216RS Independ¢nt Ex•mlner8 Grant Sellers Bank Court 12 Manor Road Verwood Dorset BH316DY CAF Bank Limited 25 Kings Hill Av¢nue Kings Hill West Malling K¢nt ME19 4J The Parochial Church Couneil of the Ecclesiastical Parish of Verwood Statement of fmancial activities for the ear ended 31 Detember 2023 Fullds Toral Funds 2023 2022 Incoming Resources 93.712 4.619 98J31 131786 Other voEuntary illcomirtg ResouLre5 Investtnertt lttcon 2b 2e 435 1.043 435 35133 1888 3,7Y2 operating activities Acttvittes for geneming fiu 2d 2e 29.435 29A35 19,917 S466 TOTAL INCOMING RESOURCES J57 Roources Used Grants and charitable giving Adivities directiy relattng ro the work of the thurth Cost of raising fimds 5.443 4.695 10.138 7341 3b 3¢ 14fi684 l iJ79 IS8,063 14i766 TOTAL RESOURCFS USED 152.127 1fi074 707 NET OUTGOING RESOURCES -23.477 -8J67 io irNREALISED LOSSIGAfN ON Il67 &819 1•,986 -17,039 NET MOVEMEf4TS TN FUNDS -21 io -21.058 91 Bal*ll￿ brought fonwd at 1st January 2023 437958 96.755 534,713 549,691 Balances carrted fonvard s at 31st December 2￿3 416.648 97.( 511655 534,713 ststement of financial Attivlties for the ear ended 31 December 2023 Th¢ Chty h¥ no rWrti￿ga1nS or10$54 othu tha those duii with in the of financ0] xtiYitse5. The not&% to the financial statements provth inforniation on rnovements in the Charl￿S fimds duriDg the year. All incoming out80iD8 Rsources derive from CODtinuiog a¢livities during the artd previiyjs period. A listing of all Restrictcd Fund8 i8 *Note 13 tO8eth¢r with a Sta*meni of Finanei&l Ac¢ivity fDr¢ath. The notes on p48es S to 15 form pwt of these accounts. The Parochial Church Council of the Ecclesi2Stical Parish of Verwood Balance Sheet as t315t December 2023 Unrestricted Restricted Funds Funds Note TOTAL FUNDS 2023 2022 P￿ED ASSETS Tangible assets Heritage assets Investm¢nls 347,311 31120 26,884 406,315 347Jll 348,511 32,120 32,120 97,963 14847 139,527 97,963 S04,278 520,158 Total Fixed Assets CURRENT ASSETS tkbtors io 2,534 1534 2,610 Cash at bank and in hand 10,927 13.461 ii,oii 13,545 13,799 16.409 Total Current Assets 84 LIABLITIES Creditors: amounts falling due wtthin one year li -3,126 -1,040 4,168 -1,854 Net eurrent Assets 10.333 -956 9J77 14,555 TOTAL NET ASSETS 416,648 97,007 $13,655 534.713 PARISH FUNDS Unrestri¢ted Restricted 14 14 416,648 416.648 437.958 97.007 97,007 96,755 97,007 513,655 534,713 416,648 Approved by 15 February 2024 Rev D Matthews Chain￿, Vtrwood Parocl)ial Church Council CharAty number 1130729 The notes on page5 5 to 15 fvrni pfrrt of th¢st accounts The Parochial Church Council of the Ecclesiastieal Parish of Verwood Note5 to the Accounts AccounlingPolici General The fin8ncial slatements have been prepared in accoThlance with the Church Accounting Regulations 2006 together with applicable accounting standards and the Ch8rities Ststement of RecomEnendeJJ Prnctice 2019 (FRS102), the Financial Reporting Standard applicable in the United Kingdotn and Republi¢ of Ireland (FRS 102), the Clwiti&% Act 2011,and UK Generally Accepted Accounting Practice. The Cl)arity has tsken advants8e of the cxemption in Financial Reporting Standard l from the require0￿t to produce a cash flow statement on the wnds that it qualifies as a small Clwity. The financial 5tstements have been prepared under tbe bistorical c05t convention except for the valuation of investment assets and Ewitsge asset4 whi¢h ar¢ shown at market value. The presentation currency of the financial statements is the Pound Sterling and is rounded to the nearest £1. The Charity meets the defll)ition of a public t¢Thefit ¢ntity under FRSIO2. l.b Funds General funds represent the of the PCC that not subject to any restTiCtions regarding their use and are available for the gencTal PUTposes of the PCC. Funds designated for a particutar puwe by the PCC are also unrestricted. The accoults include all transaction5, assets and liabilities for which the PCC is Tesponsible in law. They do not include the accounts of Church groups that owe their main affiliation to another Eody nor those that are infornM] galheriw of Cèturch memlxrs. RestTi¢ted fuuds are fi￿dS vA)ith are to be used in ac¢ordaD¢e with specific restrictions imposed by the donor andloT within restricted purpo￿ included in the objects of the cE￿Ity. Incoming Resourees Yoluntary income and capital sources Collections are recognised when received by OT on behalf ofthe PCC. PlanneAI giving receivable under covenant or standing order is recognised only when received. InGome tax recovered on covenants oi aid donations ts recoguised in the same year as the income to which it relates. Grants and legacies to the PCC 8re accounted for as soon as the rnoney is re¢eiv Funds received by festivals and similar events ar4 where ever po&sible accounted for 8tOSS. Oiher ordin¢7ry income Rental income from the lettiD8 of Church premises is reCognis￿ when morries are ceived. The Parochial Church Council of the Ecclesiastical Parish of Verwood Nota8 to the Aeeounts contitio Accounting Polici￿ (conlinued) Incomefrom investments Dividends and interest are accountcd for when received. Gains Cind losses on invesfftients Realised gains or105ses are recogwsed when investments are sol UDrealised gains or losses are accounted for on Eevaluation of invest[ll￿ at 31 December. Resources Used Grants Grants and donations are accounted for when paid over. or when awarded. ff that award creates a binding obligation on the PCC. Actlvities directly relating lo the work ofthe Chwch The diocesan quots or P￿ISh Share is a¢counted for when payable. Any quota unFeid at 31 Dccember 15 provided for iti these accounts as an operation8J (though not a legal) liability 8nd is shovn] as a creditor in the Balance Sh¢¢t. (2023 was paid in fijll.) Governt7nce costs Governance costs comprise all eosts involving the public accountability ofthe Chariry and its compliance with re8ulation and good practice. These costs ioclude costs relattA to Fixed Assets CorL9ecrated landandbuildings andmoveable Churchfyrnishlngs Conse¢Trted and beneficed property is excluded from the accounts by $.96(2Xa) of the Charities Act 1993. Moveable Church fiunishings held by the churChw￿en5 ou speci81 tn￿ for the PCC and which require a faC￿ty for disFK)sai aTr eonsideted to be iDaiienable property. SOPIJ 2019 recommends that such property be tsken into the annual accounts as assets of the PCC. The PCC follows this recon)mendation for long terni assels. known as 'I￿ltAge assets" which were profession8lly valued 2nd are now in¢luded at the aswsed curreat market Valuatio￿ Sept 2019. Since in gencrnl they ￿tain their value or 8ppreciafr, no depreciation is charge& The cost of other fimisbings been written off as it was incurred. All expenditure incwrnl duzin8 the year on consecrated or benefir£ buitdiD8S and nwvable Church fimishings, whether maintenance or improvemenL is written off as expenditure in the Statement of Financial Activities (SOFA) and separately disclosed. The Parochial Church Council of the Ecclesiastical Parish of Verwood Note5 to the Accounts continued AccountingPolicies (continued) Fixed Assets (¢ontlDued) Otherfixfures,fithngs apd equipment Equipment used and repair5 Wlthin the Parish Centre are Twritten off in the year of expenditUTf. Property vested In Sallsbury Dlocese SORTr 2019 recommend5 that propety procutcd by the PCC but vested in the.Diocesan Board of Finallce of the Salisbury Diocese, which therefore has sole title to LL should be shown as an asset in the PCC accounts. There are two Properties which fall under this heading The land on which the Parish Centre was built. The PCC resolved to bring this into the a￿oUnts in 2003. It is valued at cost and is not depreciated. AIL Saiuts Chu￿h, which th¢ PCC rc501ved to ￿Ing into the accounts in 2006. is a freehold property cornprising the building and the 18nd on which it is builL It is valued in the accounts at cost and is not depreciated. All repair5 and minor improvements are v￿Itten off in the year of expenditure. The Parish Centre building, which is a propety which is built on land owned by Salisbury Di0￿e but which rights pertaining to tbat property rest with the PCC (ex¢luding ¢onsecrated land and buildings as detailed above), is shown as an asset at cost, less anmial depreciation of £1,200. Inves(mentJ tnvestrnents are valued at nwket value as at 31 December 2023 l.f Current assets Amounts owing to the PCC at 31 December are shown ls debtOTS less provision for amounts that may prove uncollectable. Short tem] deposits include cash held at the bauk. Volunteers and donated services The value of services provided by volunteers is not i￿Orporated into these financial statements. There w￿e no related party transactions during the year. (This me8JJs no Trustccs ￿CeiVed any remuneration from the Ckwity.) The Parochial Church Council of the Ecclesiastical Parish of Verwood Notes to the Accounts continued Inconung Resources Funds Fvods Tots] Funds 2022 2023 2(a) Incoming ruour from donors Planned 8iving.' Income tsx refimds CoUectLoll5 s￿la1 collections Donations 67J77 17.642 6.101 67577 17.642 6.101 4.555 1456 74,694 21 J24 3.042 3213 31.513 4.555 1392 Total 133 786 2{b) Other voluntary incoming r£*ources Grdnts Choir And ory8n incomeldonations Partsh centte donation Ittcome from Maton Legacies Total 435 435 434 435 435 434 2(¢) Incomefrom inveslments BaDk Iniere5t received Dividends rvL6ived 18 3.734 1.01 I 1888 888 3.899 Totsl 2(d) Incoming resourc from operaling aclivilies Pjrisb Centrt hire M¢¢ting Rfjom bire All Sainrs hi 17.222 1063 5.425 3.748 938 39 17222 1063 5.425 3.748 938 39 15261 3.434 utility Refunds 375 19 17 2(e) Adiviliasfor genernting funtts Fundraising activities Talents 4.Ir20 4.020 1.532 3,934 Total Ineoming RL80urces The Parochial Church Council of the Ecclesiastical Parish of Verwood Notes to the Accounts continued Resources Used Unrestricted Restricted Funds Funds Toral Fund$ 2022 2023 3(d) Grnnts and Charitable giving Outreath (5Ye of income) Restricted giving Oth¢r Barry Martin Dis¢r¢tionary Fund 5.263 5,263 4.555 180 140 4,240 3213 150 338 4,555 180 140 Total 31b) Activities directly relatlng lo ilie work ofÉlie Cliiirch Parisb share Clergy expenks Church running costs Parish Centre running wsts Parish Ceptre injprovements Services choir and or8an Support Costs (see nore 4) urch activities-other Depreci)tion 85.475 2J74 14.488 17,138 85.475 2.374 15,117 17.138 82.986 2.461 15,497 8.744 1.692 6.225 24.880 1.081 1200 629 2,852 22,259 898 1,200 4,168 6.582 7.020 28,841 898 1.200 Total 146.684 158 063 Total Resourc Used 152 157 16 074 1fi&2LI Support Costs 2023 2022 Office costs Audit fees Sundrie5 27,773 960 148 23.717 960 203 24iEQ 28 The Parochial Church Council of the Ecelesiastical Parisb of Verwood ot t the ecounts contfinued Stnff Costs 2023 2022 Wa8es 8nd salaries 24,817 22,038 During the year the PCC cmployed one part time staff member at the Parish Office and onc part time cleaner for the Parish Centre. A part time ChildreDS Worker wa5 in post all ycBr. No one earned in excess of £60,000 pcr annum. Employcr5 National Insurance contributions were £nil. Our contribution to our employecs defined pension scheme v￿S £285. Gains or losses on investmenls Dividends received from investsnents Are sbown within income from investments. As recommended in SORTr 2019, gains both from the movement in the market value of the shares that have not been sold, unrealised gains, and on shares that have been sold, realised 8ain5, are now shown as losses on our investment assets. Fired assets ro Parish Centse Tolal Fixtures Heritage Assets Lond Building Saints Coitor Vilu*tlo A5 at l j&nu￿ 2023 46,0fy) 270.017 91,704 3,054 32.120 412.895 As it31 December 2023 46,￿0 27Q017 91.704 3,OJ4 32.120 441895 DepMtl•tlon As il l J￿￿￿Y 2023 Charged in y A¥ at31 Decthnber2023 59.210 3,054 62,264 1.200 63,464 60,410 NetBookVAlue As at 31 D¢ranber 2023 46,¢)00 209,607 91.704 32,120 379,431 As al 31 tkcember2022 210,807 91,704 32,120 380,631 In 2003 the c05t of the freehold land upon which the Parish Centre is built was entered at cost into the accounts. Title to the land, and thctefore the building on it. rests solely with Salisbury. However, the proceeds of any sale would become part of the PCC'S general funds and they are therefore shown as assets of thc PCC vested inthe Dioces8n Board of Finance of ihe Salisbury Diocese. 10 The Parochial Church Council of the Ecclesiastical Parisb of Verwood Notes to the Accounts colltinued For the same reasons, in 2006 All Saints Church. a freehold propety, was brought into the accounts at cost, of £9l,704, as an asset vested in the Diocesan Board of Finance of the SaIisbury Diocese. Heritage assets were entered into the accounts in 2005 at market valuation. These &ssets were revalued in September 2019 by an indynd¢nt vaiuer. The PCC decided in 2004 that, WAth an expected life of the Parish Centre buildin8 well in ex¢ess of 50 years, an aDnual depTe¢iatÉon of £1,200 would be more appropriate at this time.. it Iw also decided that the rate of depreciation should be Teviewed at five-yearly intervals, at tbe same time &8 the quinquennial inspection. The latest WAew was conducted in February 2019 and the existing policy re-approved at the PCC meeting that month. All repairs and minor imprOvem￿ts are written off in the year of expenditure, Inves¢mentAssets These are investrnents held in CBF Church of England Fund Income Shares. They have been valued on 31 December 2023 at Bidloffer prAc¢ of 2260.53p per share (2022 At 2,064.59p per share). 2023 No of shares 2022 No of share5 Unrestricted General account Restrieted Bequest and other restricted fillkds account 1,189.29 26.884 1,611.51 33,271 4,333.64 97,963 5,146.61 106256 TotaI 124,847 139,527 There was one withdrawal from the General Fund, of £10,000. Two withdrawals were made frojn the Bequest Fund, totaling £20,000. Excluded from our ae¢ounts are Testricted fikuds that are held in a related 'lncumbent and Churchw8rdens T￿st for ecclesiasti￿ Purposes" by the SaLisbury Diocesan B0￿d of Finance as follows.. 2023 2022 Maton Investments 15,914 14.535 The Parochial Church Council of the Ecclesiastieal Parish of Verwood Note5 to the Accounts eontinued Cash at Bank and in hand Unrestricted Restricted Funds Funds Total Funds 2023 2022 Cash at Bank Cash in Hand 10,909 18 84 10.993 18 13,030 769 Totals 10,927 ii.oii 13,799 10. Debtors 2023 2022 HMRC In¢ome Tax refund General Debtors 1,532 1,002 2.610 Total 2,534 2.610 11. Credilors due within oneyear 2023 2022 General Creditors British Gas (five a¢counts) Total 2,891 1,277 4.168 1.854 1,854 12. Tronsfers belween Funds There v￿e none during 2023. 12 The Parochial Church Council of the Ecclesiastical Parish of Verwood Notes to the Accounts continued 13. Funds within the accounts Restrieted thnds Where monies have been donated or bequeathed ftjr specific Pu￿0$eS a restrÉcted ffijnd is Set up within the accounts. Our current restricted fimd5 are as follows: Special Collections for distÉnct and specific cause, usually not the Church Bequ¢st For bequests with a specific PUTPO4 generally the improvement or rnaintenance of the Church For choir earnings and expendittre To control monies specific to the organ and its mainterAnce For youth ministy For those in financial hardship. Exercised excLusAvely at the discretion of the Vicar. Cholr Organ Youth Barry Martin De5igDated Funds These are fllnds set up by the PCC for specific purposes. However, the monie5 within them can be re-allocated, or rettun¢d to tbe General Fun￿ by the PCC, if an appropriate authorisation is made. Some donated fund5 are subject to recall. if the designated putpose is not pursued. 14. Analysis ofnet assets belweenfunds General Fund Restiicted Funds Totsl Fixed assets 347,311 347,311 Heritage assets 32,120 32,120 Investments 26,884 97,963 124,847 DebtQTS 2.532 2,532 Cash at bank 10,927 84 ii,oii Creditors -3,126 -1,040 -4,166 Balance at 31 December 2023 416,648 97,007 513,655 13 The Paroehial Church Council of the EccI￿lastical Parish of Verwood Notes to the Aecounts continued IS. Reconcili￿10ft ofmovements belweenfunds - R￿Ti¢led A statement of )5nancial activity for each of the restricted fuuds for the year ended 31 December 2023. Special Bequest Choir Youth Disctetion Total Incoming resources From donors 4.555 4.619 Income from investments 1388 300 100 100 1888 Total incoming 4.555 1388 3(KJ 100 164 7.507 Donations Church wi)Tk 4.555 140 4.695 11,379 629 I,610 1558 65*2 Total resources 4,555 629 1.6JO 1558 Q582 140 16.074 Net tuources 1.759 -IJIO -1458 -6,582 24 -8567 Investment g8illS 6,5￿) I,OiXI l.OQO 319 8,819 Net movement in funds 8259 -310 -1.458 -6.582 343 Batance at I January 2023 36,871 1.837 4.709 51026 I J12 9A755 Balance at 31 December 2023 45.130 1.527 3.251 45,444 1.655 97,007 Fund As5ets- Restricted and Designated All Restsictcd Funds are held as investments ￿thin one CBF Church ofEngland Futsd, knowll &s our Bequ&st Fund. Some limited amounts are held in tbe CafBank cU￿ent account 14 The Parochial Church Council of the Ecclesiastical Parish of Verwood Independent EXamille￿8 Rtport to the Trustees of The Parocbi21 Chur¢b Council of the Ecclesiastiul Parish of Verwood I report to the charity knjstees on my exarnination of the accounts of the charity for the year ended 31 December 2023 which are set out on pages 3 to 14. R¢8ponsibllities And bASiS of report As the ¢harity's In￿teeS you responsible for the preparntion of the accounts in accordance with the requirements of the Charities A¢t 201 I ('the Act,). I report in respect of my examination of the ¢haTity's accounts catried out under section 145 of the Act and in canying out my examination I have followed all the applicable Directions given by the Charity Commission under 3e¢tion 145(5)(b) of the Act. Independent examkntr'$ statement I have completed my examin￿on. I confllm that no material matters have come to my attention in connection with the examinthon giving rne cause to believe that in 8ny material respect: l. accounting records were not kcpt in respect of the charity as required by section 130 of the Act; or 2. the aceounts do not accord with those records: or 3. the accounts do not comply with tbc appIl￿ble requirements conceming the fo and content of accounts sel out in the Charitie5 (Accounts and Reports) Regulations 2008 other than any rquirement that the a¢￿￿nts give a 'tTue and fair view. which is not a matter considered as part of an independent ex8mioatio I have no concerns and have come across no other matters in connection with the examination to which attention should be dTavm in this report in order to enable a proper understandin8 of the &ccounts to be re8¢hed. Stephen Sellers Institute of Chartered Accountants in England and Wales For and on lthlf of Grant SelleTS, Chartered Accountants Bar& Coutl 12 Manor Road, verwo￿ Dors¢ BH316DY 15