2023-12-31-accounts

Registered Charity 1131188

Church of the Good Shepherd, Brighton

Charity Registered Number - 1131188

Annual Report and Financial Statements of the Parochial Church Council

For the year ended 31[st] December 2023

Vicar

The Revd. Dr Felix Mascarenhas 272 Dyke Road BRIGHTON BN1 5AE

Banks

Santander UK plc and Barclays Bank plc

Independent Examiner Mr S Brentnall 1 Meadow View Cottages Town Littleworth Cooksbridge LEWES BN8 4TH

The web site of this Church is www.goodshepherdbrighton.org.uk

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Registered Charity 1131188

Parochial Church Council of the Church of the Good Shepherd, Brighton

Contents Annual Report Report of the Independent Examiner Statement of Financial Activities Balance Sheet Accounting Policies Notes to the Financial Statements Statement of Cash Flows 10 Year History of Selected Items of Income and Expenditure	Page No
	3 10 11 12 13 16 18 27

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Registered Charity 1131188

Parochial Church Council of the Church of the Good Shepherd, Brighton

Annual Report for 2023

Administrative Information

The Church of the Good Shepherd is situated in Dyke Road, Brighton. It is an independent charity and a part of the Diocese of Chichester within the Church of England. All correspondence should be addressed to the Incumbent, the Reverend Dr Felix Mascarenhas, at The Vicarage, 272 Dyke Road, Brighton, BN1 5AE.

During the year the following served as members of the Parochial Church Council (PCC) and as Trustees:

Vicar: The Revd. Dr Felix Mascarenhas – Chairman Associate Vicar: The Revd. Dr Mathew Philip Reader: Mr Michael Miller Church Wardens: Mrs Sarah Thomas - [retired May 2023] Ms Patricia Jackson – Vice Chairman Mr Errol Ganpatsingh [from May 2023] Deputy Church Wardens: Mr Paul Cripps [retired May 2023] Mr Martin Cruttenden Mrs Sarah Thomas [co-opted from June 2023] Representatives on the Deanery Synod: Mr Martin Cruttenden Mr Errol Ganpatsingh Ms Pauline Grimstone Mr Michael Miller Ms Sheena Richardson [from May 2023] Mr Aidan Wallis [from May 2023] Elected members: Ms Yaa Asare Mr Richard Aynsley-Smith [from May 2023] Mrs Honor Banerjee Ms Jennifer Coulthard [retired May 2023] Mr Paul Cripps [retired May 2023] Ms Louise Hotchkiss Mrs Marian Hughes Mrs Pat Hunter [from May 2023] Mrs Christine James [retired August 2023] Ms Sheena Richardson

The following members of the PCC retired in May 2022

Ms Jennifer Coulthard Mr Paul Cripps Mrs Christine James Mrs Sarah Thomas

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The following members of the congregation were co-opted to the PCC from June 2023

Mrs Sarah Thomas Mrs Sally Walker

Aims and Purposes

The primary aim of the PCC of Church of the Good Shepherd (in the city of Brighton & Hove) is to promote the work of the Church of England in the parish. The national mission of the church – pastoral, evangelical, social and ecumenical – is the responsibility of the PCC and in co-operation with the incumbent, the Revd. Dr Felix Mascarenhas, uses the parish structure effectively to achieve this and in doing so it provides a benefit to the public by

• Providing facilities for public worship, pastoral care and spiritual, moral and intellectual development for all who wish to benefit from what the Church offers.

• Provide practical support and care for people in the parish regardless of faith and irrespective of need and/or ability to pay.

• The promotion of Christian values and service by members of the Church, within and outside their local community, to the benefit of individuals and society as a whole.

Additional current objectives agreed by the PCC/Trustees for 2023 include:

• To continue the preliminary work for the celebration of the centenary of the establishment of the Good Shepherd during the years 2022, 2023 and beyond – leaving a legacy for generations to come.

• To enhance the church’s spiritual, pastoral and education work amongst young people

• To return the traditional cycle of activities in the parish to what they were pre Covid 19.

In working to achieve these objectives, the PCC has initiated and continued the following activities during the year -

The yearlong Centenary Celebrations closed at the end of May with a Service of Dedication; this was presided over by our suffragan Bishop, The Right Reverend Will Hazlewood. Prior to that Sunday services were led by the Revd. Zachary Allan, the grandson of the first parish priest appointed to the Good Shepherd and the Revd. Graham Low who served his curacy in the parish. At the same time a well-attended concert was held which performed the Petite Messe Solennelle (Rossini) under the direction of the church’s Director of Music, Mr Derek Froud; the Esterhazy Choir and invited soloists were the performers. The concert was sponsored by two members of the congregation.

All major festivals were celebrated in 2023, study groups (Proclaiming the Mystery of Faith) were held in Lent and Autumn, Hymns and Pimms, Fireworks and in a particularly busy December there was the Christmas Tree Festival and evening services – Carols Among the Trees, Light up a Life and the Festival of Nine Lessons and Carols.

The use of software allowing the actual service to be broadcast to those unable to physically attend has continued throughout the year and to further this the audio-visual equipment was upgraded in 2023.

Some meetings of the PCC, standing committee and sub-committees (when needed) have also been via the internet.

The church has continued to sponsor, from its Youth Fund, two students from the Young Actors Group, who otherwise could not have participated. In 2023 fund-raising (and following a successful Christmas Fair) monies were raised to support three charities, Orphans International (international), Family Support Work (national) and Kidz Klub Brighton & Hove (local).

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When possible, during the year donated goods are taken to the local Brighton Food Bank, which is run by Brighton and Hove City Mission.

The PCC held an away day in November 2023 to which there was an open invitation to members of the congregation; the topics under discussion included a review of past events followed by work and reflections on a Fresh Vision for the future.

During 2023 and with the help of another local charity (Kidz Klub Brighton & Hove) the Good Shepherd youth club has run during term time. Aimed at young children (aged between 7 and 11) and on a Friday evening the numbers have been consistent throughout the year and the hope is that they will grow in the year to come.

The hall and church facilities are offered free to charities and voluntary groups such as the Brownies, Reigate Road Residents Association and McMillan Nurses when asked for in 2023.

The PCC is very grateful for the unpaid and continuing hard work of its many volunteers who are involved at every level in activities of the church – often amounting to hundreds of hours.

Achievements and Performance

Church Attendance

There are currently 123 (124 in 2022) parishioners on the Church Electoral Roll, of whom about one third are not resident within the parish boundaries. The average weekly attendance was 77 but this number increased at festivals.

Review of the year

• (i) The full PCC met four times during 2023. Committees and sub committees met between meetings and reports of their deliberations were received by the full PCC and discussed where necessary.

Attendance at PCC Meetings	Attendance at PCC Meetings	Attendance at PCC Meetings	Attendance at PCC Meetings
	(i)	(ii)	(iii)
The Revd. Dr Felix Mascarenhas	4	4	All committees
The Revd. Dr Mathew Philip	4	4	(a), (b), (f),and(k)
Mr Michael Miller	4	4	(a), (b), (k)and(l)
Ms Yaa Asare	4	1	(f)
Mr Richard Aynsley-Smith	4	2	(a) and(c)
Mrs Honor Banerjee	4	3	(f)and(l)
Mr Paul Cripps	2	-	(a)
Mrs Jennifer Coulthard	2	-
Mr Martin Cruttenden	4	3	(a), (b) (c)and(k)
Mr Errol Ganpatsingh	4	3	(c)
Ms Pauline Grimstone	4	3	(f)and(l)
Ms Louise Hotchkiss	4	2	(k)
Mrs Marian Hughes	4	2	(b)
Mrs Pat Hunter	4	3	(b) and(l)
Ms Patricia Jackson	4	4	(a), (c), (d) (g), (k)and(l)
Mrs Christine James	3	3	(b)
Ms Sheena Richardson	4	4	(c)
Mrs Sarah Thomas	4	4	(a), (b)and(k)
Mrs SallyWalker	2	-
Mr Aidan Wallis	2	2	(l)

Notes to Table

• (i) Maximum attendance possible

• (ii) Actual Attendance

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• (iii) Membership of Sub Committees

• (a) Standing (b) Worship

• (c) Fabric

• (d) Safeguarding

• (e) GS Festival and Fundraising

• (f) Mission, Outreach and Publicity

• (g) Social (k) Centenary (l) Kidz Klub

Other non-PCC members of the congregation also sit, by invitation, on the sub committees.

• (ii) During the year 5 funeral services were held – 2 at the crematoria and 3 in church. There was one wedding service and 4 children and 1 adult were baptised during the year.

• (iii) During Lent an Alpha Course, over six weeks, was held. This required a lot of preparatory work from the congregation, and it was well received and attended.

• (iv) The Church in 2023 is being used predominantly, (during term time) daily by both voluntary and nonvoluntary organisations.

• (v) The Coronation of King Charles III (11.05.2023) was marked by the church’s bell ringers ringing The Coronation March.

• (vi) Communication with homes in the parish (circa 3,300) was maintained by the distribution of a newsletter/card at Christmas, Easter, and Harvest Festival.

• (vii) At the end of July 2023 Christine James retired to Bath; apart from worshipping among us she also was a choir member, sacristan and latterly the parish office administrator. The church is very grateful for all that she undertook over 40 years.

• (viii) The final published edition of the Parish Magazine was produced in December 2023; in future years it will continue in a different format and media.

• (ix) The Mission Action Plan for 2023 included the following objectives most of which have been met –

• (a) To run an Alpha in the first six months of the year.

• (b) The preaching of a theology and mission to the ‘modern world’ aimed at younger people and without the concepts and terms of centuries past.

• (c) To rebuild and renew the links the church had pre-covid with local schools, local community groups and care homes.

• (x) In November 2023 Fr Felix informed the parish that he will retire in April 2024. For 18 years he has shared his ministry with the congregation and the local community and will be much missed.

Financial Review

• (i) Across all funds the surplus of income over expenditure was £16,955. For the General Fund (the main operating fund of the church) there was a deficit of £13,958 (in 2022 it was £10,193); this deficit will be covered by transfers from the Hall and Reigate Road Funds.

• (ii) Overall Planned Giving was less than in 2022 (notably non gift aided) by £1,449. Cash collections in 2023 were some £1,967 ahead of the equivalent value 2022.

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• (iii) After several years of minimal interest, receipts for 2023 reflected the rapid upward change in interest rates in the UK; in 2023 £3,649 was received – a 150% increase over 2022.

• (iv) Expenditure has risen by £2,683 year on year in the classification – Cost of Charitable Activities; the 2022 total value being atypical as it included the weathervane restoration cost (£27,273). The major factor underlying this increase being energy costs which increased by 32% (£2,132) when compared with 2022. The incidence of repairs in the church and hall was low in 2023; the only significant expenditure being repairs (£1,200) to the flat roof above the sacristy. The frequency and extent of repairs (£1,621) to the organ continues to increase.

• (v) A legacy (£1,000) was received from the estate of P Dervish during the year.

• (vi) The Centenary Fund income and expenditure reflects the cost of the concert; donations and expenditure continued but at a lower rate than in 2022. The surplus on this fund as at 31.12 2023 was £5,955.

• (vii) The largest single item of expenditure in 2023 was the sum £76,967 paid to the Diocese to cover our parish ministry costs. This covers the cost of stipend, housing and pension costs of the parish priest, a standard sum for diocesan central costs, clergy training and a contribution to national church funds. In 2024 this parish has been asked for and will do its utmost to meet the Diocesan request for its allocated parish contribution – £81,445 – a somewhat daunting figure.

• (viii) Fund raising in 2023 for the church itself and third-party charities raised a total of £5,725; the 2023 Christmas Fair raised approximately £2,200 (with some additional receipts in 2024) and a total of value of £4,382 was distributed to third party charities and/or individuals. The three 2023 nominated charities will receive their donations in 2024.

• (ix) Full details of the parish’s income and expenditure are to be found in the financial schedules – on pages 11 to 26 and on page 27 there is a 10-year schedule of selected items of income and expenditure.

Reserve Policy

• (i) It is PCC policy to maintain a reserve on the unrestricted funds sufficient to meet up to approximately 12 months of this parish’s liabilities and commitments; at the end of 2023 only just over 93% of the reserves were available and the PCC acknowledge that this shortfall needs to be monitored.

• (ii) The standing committee reviewed all the unrestricted fund balances in 2023 and satisfied themselves that these balances are held for known future expenditure and/or until events outside the control of the Trustees are resolved and/or that the balances were too small to be significant and/or material.

• (iii) The PCC agreed that the deficit on the General Fund would be covered by transfers from The Hall Fund and Reigate Road Fund.

• (iv) The original expenditure having been capitalised the movement in the candle display case, chair and boiler funds reflects the cost of depreciation charged.

• (v) It is PCC policy to invest fund balances with

• Barclays Bank plc

• Santander Bank plc

• CBF Church of England Deposit Fund

• Church of England CIFM Investment Fund

• M + G Charifund Equity Fund.

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Future Plans

• (a) To leave a ‘legacy’ to future generations by choosing (and implementing) from one or more of the three following projects –

• a. An Extension to the Church

• b. Solar Panels

• c. A Centenary Stained-Glass Window

• (b) In terms of a spiritual/pastoral legacy

• a. Preaching a theology and mission to the ‘modern’ world’, aimed at younger people, and without the concepts and terms of centuries past.

• b. To appoint a Youth Leader, after the induction of the new Vicar, on a three-year contract for the parish. This has been made possible by a generous donation (£100,000) from the Community of St Deny’s Warminster; The Good Shepherd is very grateful for this gift. Monies received will be in 2004 and subsequent years and allocated to the restricted Youth Fund and to this specific project.

Structure, Governance and Management

Membership of the PCC is determined under Church Representation Rules and consists of certain ex-officio members (the Incumbent, Curate, Readers licensed to officiate in the church), the Churchwardens and members of the Deanery, Diocesan or General Synods and nine members of the Church who are elected (three per year and for a three-year term) at the Annual Parochial Church Meeting (APCM). Members of the congregation are warmly encouraged to stand for election to the PCC and we try to ensure a balance of skills and experience where possible.

The PCC members as Trustees are responsible for a wide range of matters affecting the parish, including worship (advisory), mission and outreach as well as compliance with health and safety, disability legislation and safeguarding. In their capacity as trustees, they are also responsible for the stewardship of funds and for appropriate accounting and reporting of the parish finances. The PCC works to ensure that each member of the committees is equipped to fulfil their role. The PCC’s Secretary and Treasurer are elected at the first meeting of the PCC each year. The Churchwardens, Secretary and Treasurer attend courses run by the diocese on their particular work. Regular communications from the diocese keep these officers up to date with changes in church regulations and financial procedures and these are reported to the PCC as appropriate. The PCC is responsible for ensuring that a Disclosure and Barring Service search is conducted on all those who work closely with children and vulnerable adults in the church.

The nine sub committees that report to the PCC are - Standing Committee, Fabric, Safeguarding, Good Shepherd Festival/Fund Raising, Mission and Outreach, Worship, Social, Centenary and Kidz Klub.

Standing Committee:

This is the only committee required by law. It has the power to transact business of the PCC between its meetings, subject to any directions given by the PCC.

Worship Committee:

The Worship sub-committee attends to matters relating to Ministry of the local church to the community and the world, such as ecumenical links, evangelism and the support of mission and relief agencies. Its remit also extends to matters related to church services and liturgical matters etc.

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Mission and Outreach:

This committee’s remit seeks to involve not only the worshippers of the church but all those who live within the parish boundaries and those who see the Church of the Good Shepherd as a place of worship and centre of activities that may be of interest to them.

Fabric Committee:

The Fabric committee attends to the management and control of all activities in church properties and matters relating to the stewardship of the church’s assets, such as church buildings and fabric, the church grounds, the church hall, and the house at 56 Reigate Road, formerly occupied by a curate.

All the other committees’ activities/remit are defined by the name of the committee .

Risk Assessment

A review of the church’s Health and Safety Policy by the PCC has been undertaken twice in the last 4 years. The Child Protection Policy was reviewed, updated, and signed off by the PCC in 2023.

Signed on behalf of the PCC

Revd. Dr Felix Mascarenhas – Vicar

The web site of this Church is www.goodshepherdbrighton.org.uk

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Registered Charity 1131188

INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF THE

ECCLESIASTICAL PARISH OF THE CHURCH OF THE GOOD SHEPHERD,

BRIGHTON [Registered Charity 1131188]

I report on the accounts of the Church of the Good Shepherd, Brighton for the year ended 31st December 2023, which are set out on pages 11 to 26.

Respective responsibilities of the trustees and the examiner

The church’s trustees are responsible for the preparation of the accounts. The church’s trustees consider that an audit is not required for this year under section 144(2) of the Charities Act 2011 (the 2011 Act) and that an independent examination is needed.

Having satisfied myself that the church is eligible for independent examination, it is my responsibility to :-

• examine the accounts under section 145 of the 2011 Act.

• to follow the procedures laid down in the general directions given by the Charity Commission under section 145(5)(b) of the 2011 Act.

• to state whether particular matters have come to my attention

Basis of independent examiner's report

My examination was carried out in accordance with the General Directions given by the Charity 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 you as trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit and consequently no opinion is given as to whether the accounts present a ‘true and fair view’, and the report is limited to those matters set out in the statement below.

Independent examiner's statement

In connection with my examination, no material matters have come to my attention which give me cause to believe that in any material respect:

• accounting records were not kept in accordance with section 130 of the 2011 Act or

• the accounts do not accord with the accounting records or

• the accounts did not comply with the applicable requirements concerning the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirements that the accounts give a ‘true and fair’ view which is not a matter considered as part of an independent examination.

I have come across no other matters in connection with the examination to which attention should be drawn in order to enable a proper understanding of the accounts to be reached.

Steve Brentnall 1 Meadow View Cottages Town Littleworth LEWES BN8 4TH

6[th] April 2024

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STATEMENT of FINANCIAL ACTIVITIES For the Year Ended 31stDecember 2023	Note	Unrestricted Funds	Restricted Funds	Endowment Funds	TOTAL FUNDS	TOTAL FUNDS
					2023	2022
INCOME and ENDOWMENTS from: Donations and Legacies Charitable Activities Other Trading Activities Investments Other Receipts	1(a) 1(b) 1(c) 1(d)	£ 93,159 1,968 44,029 22,315 -	£ 8,748 - - 3,437 -	£ - - - - -	£ 101,907 1,968 44,029 25,752 -	£ 97,320 1,968 37,178 22,562 -
TOTAL INCOME EXPENDITURE on: Raising Funds Charitable Activities Other Trading Activities	2(a) 2(b) 2(c)	161,471 9,496 127,918 10,034	12,185 - 9,253 -	- - - -	173,656 9,496 137,171 10,034	159028 9,453 162,418 9,142
TOTAL EXPENDITURE		147,448	9,253	-	156,701	181,013
NET INCOME or (NET EXPENDITURE) TRANSFERS BETWEEN FUNDS OTHER RECOGNISED GAINS/(LOSSES) Unrealised Gains on Investments	(7) (9)	14,023 1,404 -	2,932 (1,404) 1,401	- - 9,360	16,955 - 10,761	(21,985) - (16,723)
NET MOVEMENT in FUNDS BALANCES BROUGHT FORWARD at 1st JANUARY 2023		15,427 106,660	2,929 93,055	9,360 437,170	27,716 636,885	(38,708) 675.593
BALANCES CARRIED FORWARD at 31st December 2023		122,087	95,984	446,530	664,601	636,885

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	Note	2023	2023	2022
BALANCE SHEET as at 31stDECEMBER 2023		£	£	£
FIXED ASSETS Fixed Assets for Charitable Use Investment Fixed Assets Investment Assets	(8) (10) (9)	13,536 272,150 174,379		7,388 272,150 165,019
TOTAL FIXED ASSETS CURRENT ASSETS Debtors Investments Cash at Bank and in Hand	(13) (9) (15)	13,151 40,015 163,796	460,065	444,557 11,853 38,614 154,306
TOTAL CURRENT ASSETS LIABILITIES: AMOUNTS FALLING due WITHIN ONE YEAR Creditors NET CURRENT ASSET	(14)	216,962 (12,426)	204,536	204,773 (12,445) 192,328
TOTAL NET ASSETS			664,601	636,885
THE FUNDS OF THE CHARITY Endowment - Endowed Funds - Property Revaluation Reserve Restricted Funds Unrestricted Funds	(10) & (16) (9) & (16) (16)		181,180 265,350 95,984 122,087	171,820 265,350 93,055 106,660
TOTAL CHARITY FUNDS			664,601	636,885

The Annual Financial Report, for the year ended 31[st] December 2023, including the notes following, was approved by the Parochial Church Council on April 4[th] , 2024, and signed on its behalf by:

The Revd. Dr Felix Mascarenhas (Vicar) R Aynsley-Smith (Honorary Treasurer)

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STATEMENT OF ACCOUNTING PRINCIPLES

Accounting Policies

The financial statements have been prepared in accordance with the Church Accounting Regulations 2006 together with applicable accounting standards and the current (2015) Statement of Recommended Practice (SORP) and Financial Reporting Standard (FRS 102).

The financial statements have been prepared under the historical cost convention as modified by the inclusion of investments at market value and the revaluation of fixed assets. The financial statements include all transactions, assets, and liabilities for which the PCC is responsible in law. They do not include the accounts of church groups that owe their affiliation to another body, nor those which are informal gatherings of church members.

Funds Accounting

Funds held by the PCC are:

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

Designated Funds – monies set aside by the PCC out of unrestricted funds for specific future purposes and/or projects.

Restricted Funds –

• (i) Income from trusts or endowments which may be expended only on those restricted objects provided in the terms of trust or bequest

• (ii) Donations and/or grants received for a specific object or invited by the PCC for a specific object. The funds may only be expended on the specific object for which they were given. Any balance remaining unspent at the end of the year is carried forward as a balance on that fund.

Endowment Funds – funds the capital of which must be maintained; the income arising from the investment of the endowment may be used, either as restricted or unrestricted funds, depending on the purpose set out in the terms of the original endowment.

Income and Endowments

All income and endowments are accounted for without deduction for any costs of receivability, are recognised when there is entitlement, receipt is probable, and the amount can be measured reliably.

Donations and Legacies

• (i) Collections are recognised when received.

• (ii) Planned giving receivable is when there is evidence of entitlement, receipt is probable, and the amount accords with the Gift Aid declaration and/or other record of intention to donate.

• (iii) Gift Aid recovered is recognised when the income to which it is attached is recognised.

• (iv) Grants and legacies are recognised when the formal offer, in writing, is received by the PCC.

Charitable Activities

Sales of magazines are recognised when received.

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Other Trading Activities

Trading income is receivable in return for selling goods and/or providing services. Income from trading is recognised either

• (i) When invoiced and/or received.

• (ii) For example, in the case of concerts for the year in question, irrespective of the date of receipt. Advance bookings are included in creditors – as Deferred Income.

Income from Investments

• (i) Dividends are accounted for when due and payable. Interest entitlements are accounted for as they are received.

• (ii) Rents from Property are recognised in accordance with rental agreements and when receipt is probable and measurable.

All Other Income

All other income is recognised in accordance with the above overall policy.

Gains and Losses on Investments

• (i) Realised gains are recognised when the investments are sold.

• (ii) Unrealised gains and losses are accounted for on revaluation – at 31[st] December.

Expenditure

Expenditure is accounted for on an accruals basis and are accounted for gross.

Grants

Grants and donations are accounted for when paid over or when awarded where the award creates a binding obligation on the PCC.

Church Activities

The diocesan parish contribution is accounted for on an annual basis reflecting the allocations set by our Deanery. Any parish contribution unpaid at the 31[st ] of December is provided for in these accounts as an operational (though not a legal) liability and is shown as a creditor in the balance sheet.

Fixed Assets

Consecrated and/or beneficed and/or heritage property of any kind is excluded from the accounts by s.10 (2) of the Charities Act 2011.

Moveable church furnishings held by the Vicar and Churchwardens on special trust for the PCC and which require a faculty for disposal, are accounted for as inalienable property unless consecrated. They are listed in the church’s inventory, which can be inspected but are not included in the financial statements. For other property acquired prior to 2001 there is insufficient cost information available and therefore the costs of such assets are not stated in the financial statements. Since that date assets acquired have been capitalised in the accounts and depreciated over their useful economic life.

All expenditure on consecrated or beneficed buildings and individual items costing under £1,000 are written off in the year they were incurred.

Depreciation

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Depreciation is calculated to write down the cost of tangible fixed assets, excluding freehold properties, over their expected useful lives. The rates applicable are -

Computers - 33% Office equipment - 20% Other plant - 10%

No depreciation is provided on freehold properties, as it is the PCC’s policy to maintain these assets in a continual state of sound repair. The useful economic life of these assets is so long and residual values so high that any depreciation would not be material. These assets will be subject to annual impairment reviews. Provision, however, will be made if there has been any permanent diminution in value.

Taxation

The Church enjoys charitable status. As a charity the church is outside the scope of VAT in respect of its income.

Investments

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

Current Assets

Amounts owing to the PCC at the financial year-end in respect of fees, rents and/or other income are shown as debtors less provision for amounts that may prove uncollectible.

Short-term deposits include cash held on deposit with the CBF Church of England Funds and/or at the bank.

Other

The Parish, under the terms of Mrs Moor’s (our original benefactor) will, own a further 3,016 shares in the CIFM Investment Fund. The terms of the bequest were that the money was to be used solely for the incumbent of the parish. At the time of the standardisation of stipends the income from these shares was passed to the diocese where it currently remains and is used by the diocese to offset the cost of clergy stipends.

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NOTES to the FINANCIAL ACCOUNTS For the Year Ended 31[st] December 2023

(1) ANALYSIS of INCOME and ENDOWMENTS:	Note	Unrestricted Funds	Restricted Funds	Endowment Funds	TOTAL FUNDS	TOTAL FUNDS
					2023	2022
Planned Giving (exc. Tax Refunds) Planned Giving (no Tax Refunds) Loose Cash Collections Patronal/Christmas Tree Festival Other Special Appeals Gift Aid Recovered Grants Legacies Other Income	(11) (18)	£ 44,785 5,599 11,450 5,725 1,203 14,437 - 1,000 8,960	£ - - - - 1,156 - - 7,592	£ - - - - - - - - -	£ 44,785 5,599 11,450 5,725 1,203 15,593 - 1,000 16,552	£ 43,077 8,756 9,483 8,254 - 13,267 - 1,000 13,483
VoluntaryDonations and Legacies	1(a)	93,159	8,748	-	101,907	97,320
Fees for Weddings and Funerals		1,968	-	-	1,968	1,968
Charitable Activities	1(b)	1,968	-	-	1,968	1,968
Sales of Parish Magazines Hire of Church Hire of Church Hall Other Income		201 11,755 32,073 -	- - - -	- - - -	201 11,755 32,073 -	329 11,843 25,006 -
Other TradingActivities	1(c)	44,029	-	-	44,029	37,178
Bank and CBF Deposit Interest CCLA/M + G Investment Income Rent - 56 Reigate Road		2,440 675 19,200	1,209 2,228 -	- - -	3,649 2,903 19,200	1,475 2,887 18,200
Investments	1(d)	22,315	3,437	-	25,752	22,562
TOTAL RECEIVED on all FUNDS		161,471	12,185	-	173,656	159,028

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Registered Charity 1131188

NOTES to the FINANCIAL ACCOUNTS For the Year Ended 31[st] December 2023

(2) ANALYSIS of EXPENDITURE on:	Note	Unrestricted Funds	Restricted Funds	Endowment Funds	TOTAL FUNDS	TOTAL FUNDS
					2023	2022
Special Appeal Costs Fund Raising Investment Management Costs		£ - 1,911 7,585	£ - - -	£ - - -	£ - 1,911 7,585	£ - 1,103 8,350
Cost of RaisingFunds	2(a)	9,496	-	-	9,496	9,453
Missionary and Charitable Giving Diocesan Parish Share Clergy Expenses Salaries and Honoraria Inc. NI Upkeep of Services Church Running Costs Church Maintenance and Repair Bank Charges Depreciation Governance Other Expenditure	(4) (5) (8) (6) (19)	1,300 76,967 6,095 10,760 2,055 18,947 3,788 75 2,078 899 4,954	3,082 - - - - 1 505 - 5,665	- - - - - - - - - - -	4,382 76,967 6,095 10,760 2,055 18,947 3,788 76 2,583 899 10,619	7,654 76,967 5,208 10,260 1,807 15,953 30,898 98 2,712 809 10,052
Cost of Charitable Activities	2(b)	127,918	9,253	-	137,171	162,418
Church Hall Costs Other Trading Costs	(20)	8,922 1,112	- -	- -	8,922 1,112	8,134 1,008
Other TradingActivities	2(c)	10,034	-	-	10,034	9,142
TOTAL EXPENDITURE on all FUNDS		147,448	9,253	-	156,701	181,013

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Registered Charity 1131188

NOTES to the FINANCIAL ACCOUNTS For the Year Ended 31[st] December 2023

NOTES to the FINANCIAL ACCOUNTS For the Year Ended 31stDecember 2023
(3) STATEMENT of CASH FLOWS	Note	2023	2022
Cash Flows from Operating Activities: Net Cash Provided by Operating Activities Cash Flows from Investing Activities Dividends, Interest and Rent from Investments Purchase of Plant and Equipment	(8)	£ (7,530) - 25,751 (8,731)	£ (26,632) (2,836) 22,562 -
Change in Cash and Cash Equivalents in the Reporting Period Cash and Cash Equivalents at the beginning of the Year	(15)	9,490 154,306	(6,906) 161,212
Cash at Bank and on Deposit at the end of the Year	(15)	163,796	154,306
Cash at Bank and on Deposit at the end of the Year	(15)	163,796	154,306
Reconciliation of Net Income/(Expenditure) to net Cash Flow from Operating Activities Net Income/Expenditure for the Reporting Period_(as per Statement of Financial_ Activities) Adjustment for - Depreciation Unrealised Gain/Losses on Investments Dividends, Interest and Rent from Investments Decrease/(Increase) in Debtors (Decrease)/Increase in Creditors	(9) (1d)	27,716 2,583 (10,761) (25,751) (1,298) (19)	(38,708) 2,713 16,723 (22,562) 11,151 4,051
Net Cash Provided by (used in)OperatingActivities		(7,530)	(26,632)

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Registered Charity 1131188

NOTES to the FINANCIAL ACCOUNTS For the Year Ended 31[st] December 2023

(4) MISSIONARY and CHARITABLE GIVING	Note	Unrestricted Funds	Restricted Funds	Endowment Funds	TOTAL FUNDS	TOTAL FUNDS
					2023	2022
Missionary and Charitable Giving Alzheimer’s Society Esterhazy Chamber Choir British Red Cross Emmaus (Sussex) Kidz Club DEC – Turkey/Syria Earthquake Appeal Sponsorship of two Drama Students Orphans International The Children’s Society Team Dominica Water Aid		£ - - - - 1,000 - 300 - -	£ 1,000 - - 1,650 - 432 - - -	£ - - - - - - - - - -	£ 1,000 1,650 - 432 300 - -	£ 1,000 - 1,000 1,000 650 - 624 - 1,250 1,000 1,000
Sub Total – Direct Giving	(4)	1,300	3,082	-	4,382	7,654
Additionally. The following activities were either organised by the Church and/or provided, free, the facilities and support for the following events to take place. The monies raised are not part of the church’s accounts.
Poppy Appeal (Remembrance Sunday)		-	-	-	-	-
TOTAL GIVING		1,300	3,082	-	4,382	7,654

(5) STAFF COSTS	Note	General Funds	Restricted Funds	Endowment Funds	TOTAL FUNDS	TOTAL FUNDS
					2023	2022
Remuneration Wages and Salaries Employer Social Security Costs Employers Cost to Defined Contribution Scheme		£ 10,533 - 227	£ - - -	£ - - -	£ 10,533 - 227	10,076 20 164
	(5)	10,760	-	-	10,760	10,260

During the year the PCC employed a Director of Music, a Hall Cleaner and a Parish Office Administrator. No member of the PCC, nor any person closely connected to them, received any form of remuneration. Other payments were made to PCC members in the year for reimbursement of expenses incurred on behalf of the PCC – namely Clergy support such as Council Tax, Water and Environmental Charges - £4,084 and reimbursement for telephone, postage, travelling expenses etc £1,310.

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Registered Charity 1131188

NOTES to the FINANCIAL ACCOUNTS For the Year Ended 31[st] December 2023

(6) GOVERNANCE	Note	Unrestricted Funds	Restricted Funds	Endowment Funds	TOTAL FUNDS	TOTAL FUNDS
					2023	2022
Independent Examination Trustee Meetings		£ 645 254	£ - -	£ - -	£ 645 254	£ 608 201
TOTAL	(6)	899	-	-	899	809

(7) TRANSFERS

Transfer of Dividend Income to meet Relevant Expenditure in the General Fund

Organist Flower Fund Stoneham Garden Memorial Fund Assistant Priest Fund General Fund		- - - - 1,404	(1,152) (130) (119) (3) -	- - - - -	(1,152) (130) (120) (3) 1,404	(1,033) (8) (117) - 1,158

Transfer of Christmas Tree Festival Surplus to Outside Giving Fund

General Fund Outside GivingFund		(2,431) 2,431	- -	- -	(2,431) 2,431	(4.492) 4,492

Utilise Legacies received in 2023

Legacy Fund Church Fabric General Fund Organ Fund [Music] Church Fabric[Designated]Fund		(1,028) 600 428	- - - - -	- - - - -	(1,028) - 600 - 428	(11,045) 6,000 - 600 4,445

To Meet the Deficit on the Restricted Weathervane Fund

Church Fabric - Weathervane Fd Church Fabric – Weathervane (Designated Fund)		- -	- -	- -	- -	4,126 (4,126)

To Meet the Deficit on the General Fund

Hall Fund Reigate Road Fund General Fund		(6,886) (7,500) 14,386	- - -	- - -	(6,843) (7,500) 14,343	(5,000) (8,526) 13,526

To Meet Future Expenditure of the Hall fabric

Hall Fund Hall Fabric Fund		(5,000) 5,000	- -	- -	(5,000) 5,000	- -
TOTAL TRANSFERS	(7)	1,404	(1,404)	-	-	-

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Registered Charity 1131188

NOTES to the FINANCIAL ACCOUNTS For the Year Ended 31[st] December 2023

(8) FIXED ASSETS for CHARITABLE USE	Note	Freehold Land & Buildings	Church Equipment	Hall Equipment	TOTAL
ACTUAL/DEEMED COST At 01 January 2023 Additions		£ 1	£ 9,411 8,731	£ 8,276 -	£ 17,687 8,731
At 31 December 2023		1	18,142	8,276	26,418
DEPRECIATION At 01 January 2023 Charge for theyear		- -	4,420 1,947	5,879 636	10,299 2,583
At 31 December 2023		-	6,367	6,515	12,882
NET BOOK AMOUNT At 01 January 2023		1	4,991	2,397	7,388
At 31 December 2023	(8)	1	11,775	1,761	13,536

The freehold land and buildings are the Church Hall at 270 Dyke Road, Brighton. The value of the latter, on the advice of Church House, and in the absence of any written records, is shown at £1 - its written down value. The Hall was a gift to the parish in 1938. The current insurance value of this building (December 2023) is £1.4 million. Assets capitalised up to and including 2022 are the Candle Display Case and a new reprographic machine for the parish office. Church equipment comprises the amplification system, church chairs, the church central heating system, screen and projector and various items for the parish office. Hall assets capitalised are chairs, tables, central heating radiators, overhead projector equipment, and a water gas heater.

Although not owned by the Parish the insurance value of the church is £13.30 million.

(9) INVESTMENT ASSETS	Note	Unrestricted Funds	Restricted Funds	Endowment Funds	TOTAL 2023	TOTAL 2022
Market Value at 01 January 2023 Net Gains/(Losses) and Revaluation		£ - -	£ 38,614 1,401	£ 165,019 9,360	£ 203,633 10,761	£ 220,356 (16,723)
Market Value at 31 December 2023	(9)	-	40,015	174,379	214,394	203,633

Endowment shares comprise 7,714 shares in the CIFM Fund. These cost £3,857 in 1958. M + G Charifund Accumulation Units, bought in 2008 and 2009 for £8,000 and £4,000 respectively, comprise 133.398 units. The total holding of M + G units is for the Youth Fund.

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Registered Charity 1131188

NOTES to the FINANCIAL ACCOUNTS For the Year Ended 31[st] December 2023

(10) INVESTMENT FIXED ASSETS	Note	Unrestricted Funds	Restricted Funds	Endowment Funds	TOTAL 2023	TOTAL 2022
Market Value at 01 January 2023 Net Gains/(Losses) and Revaluation		£ - -	£ - -	£ 272,150 -	£ 272,150 -	£ 272,150 -
Market Value at 31 December 2023	(10)	-	-	272,150	272,150	272,150

The freehold land and buildings at 56 Reigate Road, Brighton was purchased in 1968 for £6,800. At the beginning of 2016 the property had an open market value of £537,500. The valuation was carried by Your Move (Estate and Letting Agents) of 38 Queens Road, Brighton, BN1 3XB an unrelated party to the Church. Half the independent valuation has been incorporated in the accounts because in the event of the house being sold only half of any proceeds (after any sale costs) are attributable to this parish. The insurance value of the house at 31 December 2023 is £569,138.

(11) LEGACY

A legacy of £1,000 was received for the estate of P Dervish in 2023.

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Registered Charity 1131188

NOTES to the FINANCIAL ACCOUNTS

For the Year Ended 31[st] December 2023

NOTES to the FINANCIAL ACCOUNTS For the Year Ended 31stDecember 2023
	Note	Unrestricted Funds	Restricted Funds	Endowment Funds	TOTAL FUNDS
					2023	2022
(12) ANALYSIS of NET ASSETS by FUND		£	£	£	£	£
Fixed Assets for Church Use Investment Fixed Assets Investment Assets Current Assets Current Liabilities		11,513 - - 123,000 (12,426)	2,023 - 40,015 53,946	272,150 174,380 - -	13,536 272,150 214,395 176,946 (12,426)	7,387 272,150 203,634 166,159 (12,445)
TOTAL	(12)	122,807	95,984	446,530	664,601	636,885

(13) DEBTORS

Income Tax Recoverable Prepayments and Accrued Income Legacy Debtors		2,116 7,277 - 3,758	- - - -	- - - -	2,116 7,277 - 3,758	2,100 6,911 - 2,842
TOTAL	(13)	13,151	-	-	13,151	11,853

(14) CREDITORS: AMOUNTS FALLING DUE within ONE YEAR

Deferred Income Accruals		837 11,589	- -	- -	837 11,589	510 11,935
TOTAL	(14)	12,426	-	-	12,426	12,445
(15) ANALYSIS of CASH and CASH EQUIVILENTS
Cash Bank Current Accounts Deposit (No Notice)		997 45,570 117,229	- - -	- - -	997 45,570 118,801	40 40,677 113,589
	(15)	163,796	-	-	165,368	154,306

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Registered Charity 1131188

NOTES to the FINANCIAL ACCOUNTS For the Year Ended 31[st] December 2023

(16) STATEMENT of FUNDS	Note	Balances b/fwd – 01.01.2023	Income	Expenditure	Transfers/ Other Gains and Losses	Balances c/fwd – 31.12.2023
Endowed Funds		£	£	£	£	£
Organist Fund Hall Fund Vestment Fund Flower Fund Stoneham Garden Memorial Fund Mrs Moor’s Stipend Fund Assistant Priest Fund Church Hall Reigate Road		34,570 37,694 13,755 6,994 7,444 64,519 43 1 272,150	- - - - - - - - -	- - - - - - - - -	1,960 2,139 780 397 423 3,659 2 - -	36,530 39,833 14,535 7,391 7,867 68,178 45 1 272,150
Restricted Funds Church Fabric Fund Organist Fund Junior Choir Fund Vestment Fund Centenary Fund Flower Fund Stoneham Memorial Garden Fund Assistant Priest Fund Youth Fund Bell Ringing Fund Church Fabric Fund - Weathervane Paschal Candle Display Case Vicars DiscretionaryFund		437,170 28,116 4,027 1,248 6,889 2,566 4,496 - 2 39,199 2,087 - 2,549 1,877	- 571 1,152 25 777 8,367 577 119 1 516 42 - 38	- - - - (4,978) - - - (3,770) - - (505) -	9,360 - (1,152) - - - (130) (119) (3) 1,401 - - - -	446,530 28,687 4,027 1,273 7,666 5,955 4,943 - - 37,345 2,129 - 2,044 1,915
Designated Funds Organ Fabric Fund Outside Charitable Giving Fund Hall Fund Hall Fabric Fund Reigate Road Fund Reigate Road Fabric Fund Legacy Fund Social Funds Church Fabric Funds Church Fabric – Sound System		93,055 12,999 4,319 2,773 6,111 4,881 12,185 - 811 56,554 6,025	12,185 263 1,150 32,984 124 19,390 247 1,028 - 1,148 121	(9,253) - (1,303) (18,555) (8,250) - - - - (366)	(3) - 2,431 (11,886) 5,000 (7,500) - (1,028) - 428	95,984 13,262 6,597 5,316 11,235 8,521 12,433 - 811 58,130 5,780
General Fund		106,658 2	56,456 105,015	(28,474) (118,973)	(12,555) 13,958	122,085 2
TOTAL	(16)	636,885	175,227	(156,700)	10,761	666,173

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Registered Charity 1131188

NOTES to the FINANCIAL ACCOUNTS For the Year Ended 31[st] December 2023

(17) STATEMENT of FINANCIAL ACTIVITIES	Unrestricted Funds	Unrestricted Funds	Restricted Funds	Restricted Funds	Endowment Funds	Endowment Funds	TOTAL	TOTAL
	2023	2022	2023	2022	2023	2022	2023	2022
INCOME from DONATIONS and LEGACIES Donations and Legacies Charitable Activities Other Trading Activities Investments Other Receipts	£ 93,159 1,968 44,029 22,315	£ 90,486 1,968 37,178 19,846 -	£ 8,748 - - 3,437	£ 6,834 - - 2,716	£ - - - - -	£ - - - - -	£ 101,907 1,968 44,029 25,752 -	£ 97,320 1,968 37,178 22,562 -
TOTAL INCOME EXPENDITURE on: Raising Funds Charitable Activities Other Trading Activities	161,471 9,496 127,918 10,034	149,478 9,453 128,916 9,142	12,185 - 9,253 -	9,550 - 33,502 -	- - - -	- - - -	173,656 9,496 137,171 10,034	159,028 9,453 162,418 9,142
TOTAL EXPENDITURE	147,448	147,511	9,253	33,502	-	-	156,701	181,013
NET INCOME or (EXPENDITURE) TRANSFERS between FUNDS OTHER RECOGNISED GAINS/(LOSSES) Unrealised Gains/(Losses) on Investments	14,023 1,404 -	1,967 (2,968) -	2,932 (1,404) 1,401	(23,852) 2,968 (77)	- - 9,360	- - (16,646)	16,955 - 10,761	(21,985) - (16,723)
NET MOVEMENT in FUNDS	15,427	(1,001)	2,929	(21,061)	9.360	(16,646)	27,716	(38,708)

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Registered Charity 1131188

NOTES to the FINANCIAL ACCOUNTS For the Year Ended 31[st] December 2023

	Note	Unrestricted Funds	Restricted Funds	Endowment Funds	TOTAL FUNDS	TOTAL FUNDS
					2023	2022
(18) OTHER INCOME Social Activities Sundry Income Centenary Fund Donations and Sales Youth Fund Donations Church Fabric - Weathervane Artists Open House Festival Flowers		£ - 5,515 - - - 3,445 -	£ - - 7,592 - - - -	£ - - - -- - -	£ - 5,515 7,592 - - 3,445 -	£ - 4,225 3,377 206 3,131 2,544 -
TOTAL	(18)	8,960	7,592		16,552	13,483
(19) OTHER – CHARITABLE ACTIVITIES Equipment Purchased Artists Open House Festival Youth Fund Activities Sundry Expenditure Vestment Fund Centenary Fund Activities		- 3,061 - 1,893 - -	- - - - - 5,665	- - - - - -	- 3,061 - 1,893 - 5,665 -	988 2,290 1,125 1,649 63 3,937
TOTAL	(19)	4,954	5,665	-	10,619	10,052
(20) OTHER – TRADING COSTS Fees		1,112	-	-	1,112	1,008
TOTAL	(20)	1,112	-	-	1,112	1,008

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Registered Charity 1131188

NOTES to the FINANCIAL ACCOUNTS For the Year Ended 31[st] December 2023

10 YEAR HISTORY of SELECTED ITEMS of INCOME and EXPENDITURE

NUMBER of REGULAR DONORS

2014	2015	2016	2017	2018	2019	2020	2021	2022	2023
64	61	62	56	53	52	51	50	53	52

GENERAL FUND – TOTAL INCOME and EXPENDITURE

	2014	2015	2016	2017	2018	2019	2020	2021	2022	2022
	£	£	£	£	£	£	£	£	£	£
Income	79,933	75,768	75,129	81,837	86,468	83,840	70,438	92,900	103,469	105,015
Expenditure	(97,892(	100,619) (	102,690) (	105,815) (	103,350) (	103,530) (	100,728) (	105,3045) (	_112,176) _	(118,973)
Surplus/(Deficit) (	_17,959) _	_(24,851) _	_(27,561) _	_(23,978) _	_(16,882) _	_(16,882) _	(30,290)	(12,405)	_(9,707) _	(13,958)

GENERAL FUND – FUND RAISING ACTIVITIES

2014	2015	2016	2017	2018	2019	2020	2021	2022	2023
£	£	£	£	£	£	£	£	£	£
8,031	10,802	8,085	10,155	7,774	11,940	2,052	2,052	8,254	5,725

GENERAL FUND - PAID to the DIOCESE – to cover DIOCESAN and NATIONAL CHURCH EXPENDITURE

2014	2015	2016	2017	2018	2019	2020	2021	2022	2023
£	£	£	£	£	£	£	£	£	£
66,056	67,981	69,958	72,060	67,608	71,883	74,035	74,300	76,967	76,967

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