St. Mary the Wirgin, Stotfold Annual Report of the Parochial Church Council for the Year ended 31st December 2023 Administrative Information St. Mar¢s Church is situated off Church Road in Stotfold. It is part of the Diocese of St. Albans within the Church of England. The correspondence address is= The Vicarage. 61 Church Road, Stotfold, Hitchin, SG5 4NE. The PCC is a charity registered with the Charity Commission, No. 1131275 PCC mernbe who served since the APCM in 2023 were". The Incumbent Rev Bill Britt Associate Minister with special responsibility as chaplain to schools Rev Graham Clark Curate Rev Emma-jane Wilkinson The Churchwardens Mrs. Jenny Bennett (Vice Chairperson) Mr. Steve Hardman. Representatives on the Deanery Synod. Mrs. Alis)n Collis Mr. David Ribbans (Secretary & TasUrer) Elected PCC Members: Mr. Derek Blyth Mrs Sara Clark Mrs. Jenny Conway Mr. Steven Fletcher Mrs. Lyn Haye5 Mr. Paddy Harris Mrs. Jane Hyde Mrs. Carole Taylor Mrs. Maureen Winter5 Those asterisked. are rnernbers of the Standing Commtttee. seiCe on the PCC is Usually for three years at a time; with a break of at least one year after six consecutsve years. COMMITfEES The PCC operates through commtttees which make recommendations to the PCC. Standing Commlttee This is the only commtttee required by law. It ha5 the power to transact the business of the PCC between its Meetings, subject to any directions given by the counal.
Finance and Stewardship Committee This committee ha5 an oveNiew of the general finances of the work of St. Marfs by monitoring income and expend¢ture. budgeting and coordinating the Annual Review of the Christian Stewardship of money through planned giving. Social and Fundraising Committee Encourages fellowship within the family of the Church by organizing social events and the raising of money for the General Fund. Hall Comrnittee Organizes the letting of the hall and is responsible for keeping the building in repair. Building Committee Oversees the repair and maintenance of the Church building and the churchyard in consultstion with the Church Architect. Charities The Ecclesiastical Charity of William Field. No. 254218 The Vicar and churchwardens are trustees of the follo44llng charities= The Eleem05ynary Charity, No. 25419 The Roe's Charity for the Parish Clerk. No. 217126 The Roe's Almshouses Charity. No. 217125 The Roe'5 Education Charity, No. 307485 H.0. Roe Charity, No. 1190706 St. Marvs Church banks wÈth Barclays PLC. It hold5 a portfolio of shares via CCLA relating to the Ecclesiastical Charity of William Field and two deposit accounts with the same organization. It has an account with the Churches Mutual Credit Union and money and Shares held by the Diocese for the chancel. The Independent examiner is Sue Mateitschuk of SCM Accountancy Se5. The church's legal advisers are the Joint Diocesan Registrars. Matthew Chinery and Sarah Clemenson of Winckworth Sherwood. The Church Architecturdl advisers are BarkerAssociate5 LLP. Electoral Roll During 2023 the Electoral Roll remained at 89. seven of whom Irve outside the parish. Structure, Governance and Management St. Marfs PCC has the responsibility of co-operating wth the incumbent, in promoting the whole mission of the Church. pastoral, evangelical, Social and ecumenical within the ecclesiastical parish. It also has maintenance responsibilities for the Church buildin& the churchyard and the church hall. Ministerial Team Rev Bill Britt is the Rector of St Marfs the Wirgin. Stotfold. Rev Graham Clark is licensed to the parish a5 Associate Minister with special responsibiltty as chaplain to schools. This is a locally-funded post.
Rev Emma-jane Wilkin50n is the Cure. Rev Jane Wheatley 15 a Priest Associate. Mr. Steve Hardman is a Lay Leader of Worship. Perfomwnce and achievements During 2023 our Usual Sunday AtteTrdan IUSAI. exduding Christmas and Easter. w35 52 adults and five children. During the month of October. the average weekly attendance of all services was 109 adults and 10 children. Our Easter Eve & Day attendan was 93. Attendance at Advent services for the congregation, community and schools totalled 363. Christmas Eve and Day services was 409. During 2023 we hekl 13 Christenings, 2 WEddi, l adu confirniation and 17 funerals. Among our new initiatives. the monthty youth gatherings begun in 2022 continued to grow, as did our quarterly Families at Four service. Winanclal Review We had strong financial results for the third year njnning. ending the year with an operating surplus of £7,116. Total giving on Sunday mornings (including the Parish Giving Scheme, cash collections in services and the envelope scheme and Gift Aid) was £35.107. compared to £33,929 in 2022. The 2023 balan in the unrestricted general fund wa5 £70.431 and the Designated Fund is £25.126. The 2023 Diocesan Parish Share for St Marfs Church was £53.125, which largely provides the stipends. pension and housing for dergy and training of future mini5ter5. Reser¥es Policy It is PCC policy to maintain a balance. if possible. on unrestrirted funds that equates to approximately three months unrestrirted pasThents to cover emergency situations which may arise from time to time. Approved at the PCC on 18 March 2024 Signed by PCC Chaimian TQS Approved at the APCM on 26 May 2024 Signed by the APCM Chairman
Parochial Church Council of St Mary the Virgin, Stotfold Balance Sheet at 31 December 2023 2023 2022 FIXED ASSETS Inv8stment assets 865,676 791,234 CURRENT ASSETS Debtors 2.825 2,200 Cash at bank and in harKI 100,081 119,612 121812 LIABILrriES Current Liabilities 4.499 NET CURRENT ASSETS 98.407 93,415 TOTAL NET ASSETS 964,083 884,649 FUNDS Unrestrlcted 70.431 23,384 Designated 25.126 65,032 Restricted 4,397 Endowment 866,532 791,836 964.083 884,649 The notes on pages 3 to 9 form part of these accounts. Approved by the Parochial Church Council on and signed on its behalf by.. The Revd. Bill Britt Stephen Hardman Churchwarden Registered Ch&ty No 1131275 1of9
Parochial Church Council of St Mary the Virgin, Stotfold Statement of Financial Actlvltles For tho year endlng 31 December 2023 INCOMING RE80URCE8 Vntary Income 2a 41,215 2b 17,593 9.493 3.360 2¢ 25 3S2 1.642 42,857 17,593 9,493 3,659 28 255 101857 45.928 19.041 8,207 1,239 254 Oth•1 Inccnkn9 TQTAL INCOIIWG Re8WRCE8 25 254 RE8IXIR¢E8 EXPENDEO Ch•dt•bbvgi¥ing 158 3b 86.n9 1.429 202 208 93,635 1,429 202 70 85,923 1,785 371 28 000 114 129 Fundlalal CXhDr•xpMdur• TOTAL RESR¢I$ EXPEPrnD NEf INCoMWQUTGOINGj RElIcE8 7,118 25 254 -11,gJ3 ONSAND L088E8 ON INVE$TMEP•T8 74,442 74.442 -105.589 NET MOVEMENT IN PiIND8 7,116 .2,403 74,8 79,434 .117,472 8ALAN¢E5 BROUGHT FC¥IWARD AT l J•ThJ•ry 2023 rJ.384 65,032 4.397 791.836 884,649 873,873 BUILDIP+3 DESIG14ATEO FUF4DTRANSFERREO TO GENERAL FU 39.931 49,931 BAWCES CARRIED FCWARDAT 31 D•rtl 2023 1994 8e8 532 964 083 Th•fy)t•i cn p¥•b 3 to9 xm wrt(41*•• 2019
Parochial Church Council of St Mary the Virgin, Stotfold Notes to the Financial Statements For the year end 31 December 2023 1 AccoupillNG POUCIES Ba811 of finan¢Lql 8t•t•m•nts. The finanual Slaleftnts have beeTh wepafed und8[ the Chur( A¢ctsJntsTrJ RtyulalKin$ 2(K6 in accordan 1b apwlthJ& 8¢count¥wJ st4rJ8rd8 Bnd the vjrrent Slat•m•nt of Recommended PraciKg Ac(j179 and Rwbng by Charrts ISORP 20191. Th• finanaal $tstsments have been preparod under th& histo1 tost con¥eThtJn gxcopt fof invg$trnenl a$sel8, whth are shown al market value financial stat8m8nts all tr?n80dn8. M8•18 8nd liBbdit1 forth the PCC rn8ponth IBW Thy do not Indudg the 8ccounts of Church grouF4 Ihai M fvr 8ffth•lth tr•r¥)thBr tK#. r th08• tho¢ ar• infomi41 gatheriry$ ol thjrth Fund tcountlng General fund8 repmnI ts lund• ol PCC thDt ar• nol •ut4•cl lo •r)y ryd th•Sr ua• and are avaiL4bkn lor app1Ka1 on the ger1 puw ol the PCC. Fund• dj8t8d lor • p•rtUr by th PCC •r• alw RMtn"clod Fund8 Arn thow lund$ th•t mu8t b• wt w •p• rnI1Cd wrpM•b # knt•ndthJ by dwry. D•tslli of fundj rnstrK1hi ore provKknJ h not• 9. Enthwnent Fund•, h•r• tr Caprf mull b• rnt•i)•d, am w4•rd in rh)ts 9. Ineomlng r•wurc Voluntsry In¢om• •nd ¢•pltsl •ou Co1¢bOn• aro recOgnj I•d by or on t4h•Wofth• PCC PIMn•d rnciv8bl• under GrftAbJ 18 rgcognoed onlythen rec8wl. Ir¢L¥n• l•x f•ttrrnabl8 on GIIAkl doThBt)n8 l• rgwanked wMn lh• Inc¢m• Is reo)gnk•J. Grnnts •r#J lo ts PCC are accwnd for 98 800n as th• PCC 1$ of al onli1. the 8rnounl 9u•ntrfkl orwj f ummats re¢elpl by th• PCC rs tga8onabty c4rtai. Fur#Js r••J lets. Fosti¥alB 4ryJ similar events or? •c¢ountsd for gfots. Oth•r In¢om• Rentsl InfAme Imm Ih tti1¥j of thurc rryo¥rMzad tr rtn¢•l kn dL•. In¢¢)mo from In¥••tm•nts t>bvthnd8 are accountod for when due ond payJk• Intete8t entilemenls are accoun I(Kai thgy accrw. Tax weoverBbkn C Such h)com• r8CO3ntted in Ihe sarrn accountiThJ r Galn• •nd lo•••• on In¥o8kn•nts Realized gain$ ty bss•s are reC0Jnfj whèn irw851m8nts offj 8oWJ. uned or 508 are accounted for on rovaluabon ol 1n¥eStsnts alm80t ¥8 at 31 D•c•thr. 3of9
Parochial Church Council of St Mary the Virgin, Storfold Notes to the Financial Statements For the year end 31 December 2023 Rg•ource• u••d Gr¥nt• and donallon• Grants donatK)ni am 8co)unted lor poJ ovw, orth8n awar. rfthat •4rd cr•at•ts a bindlrvJ ot48th)rb on ts PCC. A¢thiltl•B dlr•¢tty rol•Ong to th• of th• Chureh Tho dioc88an parBh 8har• k I¢Ut•d for th wtyj. Any p•rwh sharn unp•bJ •131 Dgcwnbgr w provbjgd for in tho88 a8 an tyrakn¥l lthothah not 8 kngall •Thl' •hown as a ugdilor Balanc• She•L Flx•d u•ot• ConMcrat•d prop•bty •nd ¥•bkn ¢hur¢h fvml•hlng• Conw¢r81od and ner¥ prcyity Is Th)t ind1•d lents i) •r£¥Ndan •.10(2Xal •nd lel of the Charits Act 2011 Mov¥b19 church fumi8hthg8 hekj by the Vur and Churthr8rden8 on spe1 trult PCC. and whith a faculty for dBpoul. arn atUnj 08 •118b1# prcwty TW are Ikgtsd in th• churth'$ Inv•ntwthKh c•n t• i18P•d•J lat 8ny ro•8on tlmel. Sh •SW• w• not Vall th• aC¢tr. JI •xpgndilur• Ineurrnd in the y••rc•) ts)rwKnlod or bwb•f• LY on ryr rnOV41Jl• cthurch lumiJhry8 ré wYltt•n off. Oth•r fixturg•. ffttlng• and ollk• •qUIt Equlprngnl 11 tho premffjts ¢)ft a •tr¥wJhl kn ba81& o¥•r 4 y•orn IndK1Val ft•m8 olaqui?nt wfth 8 wrdbW pric• ol £S.CO) crf ss ar• 18 off th the 48•01 ac4uiMd. Inv••kn•nts Inv•strn•ni• arg val41 •1 Mth•iVak •131 D•c•nber. Currnnl•••ots Arnounls 10 PCC at 31 [lenb wi r••[0 f••a. tenls or oih•r shwi a• d•btorn 88 th•lon lor amoun1• Ihat may prowe urtc4xlat4e. Short-tem tposit3 in¢de C4Gh hald on dwrioitlw rylh th? CCLA Churrh d Eryl•nd Fur#J•, Churthes Mulual Credit UnK¥) or at ts bank. 4of9
Parochial Church Council of St Mary the Virgln. Stotfold Notes to the Financial Statements For the year end 31 December 2023 2 INCOMING RESOURCES 2a Voluntary Incom• Planned giving Glft Aid giving Other planned giving Income tax recoverable Coll8¢tion$ (open platel at all Income lax recoverable Gr8nis Donations Donations Wall safe Voliv8 Candlgsland Income t8x rwovgrable 18.981 2.547 4.746 7,077 1.756 18,981 2,547 4,746 7.077 1.7 1.015 17,944 4.819 6.755 1.745 4,421 1.015 5.110 42 5,663 42 8,1eA) 120 553 531 745 42 857 45 928 457 74 1,642 2b Incom• from church •¢ll¥ltl Church hall18tting$ Weddlng and funeral fegs Weddbng Flowers Magazlne Income Tax Recoverable Oulreac4) 11.527 3.832 11.527 13.141 3.832 3.812 75 1,254 70 1.377 1,377 737 737 17593 19041 20 Incomo from a¢tlvlllu to g•n•r•to fund• Soclal & lundralslng event8 bgtre expens98 Income Tax Recovèrable 9,391 102 9.493 9.391 102 9.493 8.199 8.207 2d Income from InVlOnts Dividends and inleresl 2S 25 254 254 3,659 3,659 1.239 1.239 2• Oth•r Incomlng rn•ourc•• William Field Char Listed Places Grant Scheme VAT repaym8nl Contribution towards churchyard costs Conliibulion towards assistant vicar gxp8n8e8 Hlre of Church Assistant Vicar gift Incom9 Tax recoveratle Loyalty r8ward$ Sundry Incom8 23,440 23,440 23.311 205 1.496 1.407 1,4S 1.407 1,425 1,842 820 170 267 267 33 28.255 27,811 TOTAL INCOMING RESOURCES 97.033 254 101.857 102,228 5019
Parochial Church Council of St Mary the Virgin, Stotfold Notes to the Financial Statements For the year end 31 December 2023 3 RESOURCE8 EXPENDED 3a Charft•bl• Gfving Donation¥ 70 70 3b Church a¢Uvltles Ministry.'Oi0¢gsan parfsh share Wicar expenses Curate Expenses A$81818nt Vicar Exwn808 Conlrlbulk>n lo Assistanl Vicar Churth running expenses Church mainl8nan¢g 8 renthva18 Hymnal Children6' activitios Youth Wort¢ Church yard Churth hall wnnlng co818 Dlsdpleship Org8nisl fee8 Service gXF4llS88 Magazine ¢)J¥l$ Outreach and Publicity Weddlng Flower8 53.125 1.257 250 53,125 49.875 1,257 1.178 250 1,407 1,139 2,OLM) 1.COJ 11.915 7.087 4.926 8,483 4.031 67 270 2,807 8,256 1,407 10.136 4.771 1,779 155 87 87 4.051 8,3 157 320 2,173 1,550 2,W1 157 320 1.799 1.550 1,776 470 1.873 1.505 1.751 75 93 635 85 923 374 3c Church manag•m•nt and admlnl•tr•tlon Admlnislralion.. Postage and 8tatlonery Bank charges Purchasè ol wnler Sundry Eypgns 513 513 173 1,429 3d Fundrn181ng co•ts Sod818nd Fundrglsing events 371 371 202 202 3• Oth•r Exp•ndltur• Glft lo Asslstsnl Vicar Grant to H R Roe Charity for rgluthhmenl of Roecroft Centre Purchase ol Projector and Scrnen Purchase of Giving mothine 25,000 930 481 1,391 26,000 1.391 TOTAL RESOURCES EXPENDED 89.917 0.948 .885 114,129 6of9
Parochial Church Council of St Mary the Virgin, Stoffold Notes to the Financial Ststements For the year end 31 December 2023 4 FIXED ASSETS InveStmts Movements in the year. Markel value- 1 January 2023 Annual revaluation Market value - 31 DeL¥mber 2023 791.234 74,442 8fj5 876 O ANALYSIS OF NET ASSETS BY FUND Investment Fixed A88016 Current Assets Current Liabilitie• Fund b•l•nce 865,676 865.678 856 102. 4.499 1994 866 $32 964 083 74.580 25.126 4.149 70431 25120 DEBTORS 2023 2022 Income lax recoveratAe Prepayments Other deblor¥ 1,115 111 1,599 1.347 181 872 LIABILITIES: AMOUNTS FALUNG DUE WITHIN ONE YEAR 2023 2022 Cfedttors Accruals and DefeNed Incomè 3,048 28,047 1.453 350 4 499 28.397 8 TRANSFERS BETWEEN FUNDS 2023 2022 Transferred from Desonated AnI. Authcd8ed by PCC 39,931 25.( 39 931 25 IXIO 7of9
Parochial Church Council of St Mary the Virgin. Stottold Notes to the Financial Ststements For the vear end 31 December 2023 FUND DETAILS 2023 2022 The Restricted Funds at the year end are.. Churchyard fund Youth Work Grant Ughl and Heat Gi( Albs Biko'n Hike Those in Need 324 324 1.279 40 658 370 637 The Dignated Fund al the year end Is.. lTh)Jme from William Fiebj Charity for Building Special Reserve Emergency FUNI 39,931 25,126 25,101 25126 66032 Th8 Endowm&nl Funds 81 the year end are. Chancel Fund for Ihe repairs and insurarTh of the Chgncd. E1$0611¢al Charity of William Fleld 8,994 8.040 857,538 783.796 886 $32 791836 The Parc¢hial Churth cou1 Is the managing tru8t80 of the Ecd88Bslkal Chartty of Wllllam Flgld and therefore, as Ihe Charfty Is under the ojntrol of the parh141 Churth Counc41. the lund$ of th& ch8rity must bg sh on the 88nc* Sheet as an Erth•Anonl Fund. The Church cannot use the Capital of th8 charlty, only adw8• on invostmenl. The markel value of lh• capital of tho Iwsl of £857,538 18 irJUd0d in Flx•d A•••t InvMtm•nl•. 8of9
Independent Examinerfs Report to the trustees of St Mary's Church, Stotfold, Parochial Church Council. I report on the accounts for the year ended 31 December 2023 which are set out on pages 1 to 8. Respective responslbilities of the Trustses and the independent examiner As trustees of the charity. the members of the PCC are responsible for the preparation of the accounts. They 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 required. It is my responsibilty to • examine the accounts under section 145 of the 2011 Act; follow the procedures laid down in the General Directions given by the Charty Commissioners section 145 {5)(b) of the 2011 Act: and ' state whether particular matters have come to my attention. Basis of Independent Examln•rf8 Ststsment 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 the management committee Conrning any such matters. The procedures undertaken do not provide all the evidence that would be required in a full audit, and consequently I do not express an audit opinion on the accounts. Indep•nd•nt Examln•rfs Slatemont In connection with my examination, no matters have come to my attention: 1. which give me reasonable cause to believe that in any material respect the requirements to keep accounting records in accordance with s. 130 of the 2011 Act. or to prepare accounts which accord with these accounting records have not been met: or 2. to which, in my opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached. Sue Matejtschuk FCA 39 Silverbirch Avenue Stotfold SG5 4AS 9of9
Indepondent Examinorfs Report to th• tru8teo8 of St Marf3 Church, Stotfold. Parochial Church Councll. l pOrt on the accounts for the year ended 31 Dernber 2023 which are s8t out on pages 1 to 8. Respective r08pon8ibilities of the Trustees and the independont examiner As trustees of the charity, the members of the PCC are responsible for the preparation of the 8ccounts. They 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 required. It is my responsibilty to examine the accounts under section 145 of the 2011 Ac(. . follow the procedures laKI down in the General Directions given by the Charty Commissroners Section 145 (5)(b) of the 2011 Act,. and ' state whether particular matters have come to my attention. Ba818 of Independgnt Examln6rf8 Slatsmgnt My examination wa8 carried out in accordance ¥Mth the General Directions given by the Charty Commission . An examination indudes a reVW of the accounting records kept by the charty and a comparison of the accounts presented with those records. It also includes consideration of any unusual rtems or disclosures in the accounts, and seeking explanations from the management committee concernlng any such matters. The procedures undertaken do not provKJe all the evTrdence that would be required in a full audit, and consequently I do not express an audit opinion on the accounts. Independ•nt Examlnerf• Stat•m•nt In connection with my examination. no matters have come to my attention." which give me reasonable cause to believe that in any material respect the requirements to keep accounting records in accordance with s. 130 of the 2011 Act. or to prepare accounts which accord with these accounting records have not been met. or 2. to which, in my opinion, attention should be drawn in order lo enable a proper understanding of the accounts to be reached. Suéwatejtschuk FCA 39 Silverbirch Avenue Stotfold SG5 4AS IJ. ¢3.JOa