**Parish of St John Newland, Hull** ## **Annual Financial Report of the Parochial Church Council For the year ended 31 December 2023** ## **Financial Review** _[The accounts have been produced on a Receipts and Payments basis and include St John’s Church and Hall]._ The finances for 2023 saw some significant items of expenditure as well as a very encouraging increase in planned giving. We changed bank accounts to the Cooperative bank at the beginning of the year which, as well as being a more ethical option, meant no more bank charges. Other changes included transferring insurance and utility providers to try and retain more cost-effective services. The majority of the expenditure in the year was spent on the heating system, with one final payment still to be released. We were successful in claiming back VAT on the work, which brought a significant amount back into church funds. Funds were also spent on the new kitchen, a new projector and various upgrades/improvements to the AV system. General costs rose significantly in 2023 and this meant a steep rise in the utility costs in particular. We were, however, once again blessed with a generous donation to support our student work and have begun to see an increase in income for the hire of the church for events. The PCC agreed to increase the Diocesan Free Will offer again for 2024 and a large proportion of the current balance will also need to be allocated to the essential roof repairs in the coming year. 2023 ended with £81643 in unrestricted free reserves and £12315 in restricted reserves. We look forward to God’s continuing provision in 2024. Helen Robinson Treasurer. ## **THE ECCLESIASTICAL PARISH OF ST JOHN NEWLAND** **Receipts & Payments Accounts for the Year ended 31 December 2023** |||Unrestricted|Restricted|**TOTAL**|TOTAL| |---|---|---|---|---|---| |**Incoming Resources**||Funds|Funds|**2023**|2022| |Planned Giving|1(a)|40584.41||**40584.41**|22992.00| |Collections|1(b)|1466.16||**1466.16**|2413.37| |Donations|1(c)|301.00|15000.00|**15301.00**|15825.00| |Gift Aid Recovered|1(d)|12859.88||**12859.88**|0.00| |Grants|1(e)|0.00|8500.00|**8500.00**|12400.00| |Income from Investments|1(f)|0.00||**0.00**|0.00| |Legacies|1(g)|55.00||**55.00**|2000.00| |Fees PCC|1(h)|761.00||**761.00**|578.00| |Fund raising|1(i)|285.01||**285.01**|686.60| |Trading|1(j)|1812.50||**1812.50**|810.00| |Other Incoming Resources|1(k)|15583.33||**15583.33**|214810.07| |**Total Incoming Resources**||73708.29|23500.00|**97208.29**|272515.04| |**Resources Expended**|||||| |Charitable Giving|2(a)|0.00||**0.00**|75.00| |Freewill Offering|2(b)|25000.00||**25000.00**|20000.00| |Salaries|2(c)|0.00|23530.79|**23530.79**|12777.95| |Evangelism|2(d)|0.00||**0.00**|110.00| |Expenses|2(e)|1327.86||**1327.86**|1638.79| |General Running Expenses|2(f)|20799.21|1266.87|**22066.08**|14788.97| |Utilities - Heat & Power|2(g)|7719.03|2000.00|**9719.03**|3440.09| |Major Works|2(h)|115395.18||**115395.18**|42546.42| |Other Costs|2(i)|0.00||**0.00**|2285.67| |**Total Resources Expended**||170241.28|26797.66|**197038.94**|97662.89| |**Net Movement in funds**||-96532.99|-3297.66|**-99830.65**|174852.15| |Balances brought forward at 1st January 2023||178175.94|15612.21|**193788.15**|18936.00| |Balances carried forward at 31st December 2023||81642.95|12314.55|**93957.50**|193788.15| ## **Statement of Assets & Liabilities** Current Assets |Current Assets|| |---|---| |HSBC a/c 1
HSBC a/c 2
Cooperative a/c
CCLA Deposit a/c
Liabilities
YDBF Freewill offer
**TOTAL NET ASSETS**|0.00
0.00
**0.00**
190579.20
0.00
0.00
**0.00**
3208.95
87892.95
12314.55
**100207.50**
0.00
0.00
0.00
**0.00**
626.18| ||87892.95
12314.55
**100207.50**
194414.33| ||6250.00
0.00
**6250.00**
0.00| ||6250.00
0.00
**6250.00**
0.00| ||| ||81642.95
12314.55
**93957.50**
194414.33| Approved by the PCC on 4 March 2024 Revd R White Chairman H Robinson Treasurer ## **Notes to the Accounts Incoming Resources** |**Notes to the Accounts**
**Incoming Resources**||| |---|---|---| |1(a)
Planned Giving
Bank Standing Orders
Parish Giving
1(b)
Collections
Plate
GA Envelopes
1(c)
Donations
General
Student Worker
Heaters
Tear Fund
1(d)
Tax Recovered
1(e)
Grants
YDBF Multiply grant
Quinquennial
YDBF Growth Fund
YDBF Fuel Grant
1(f)
Interest
Actual
1(g)
Legacies
Estate of D L Manchester
1(h)
Fees
PCC
1(i)
Fundraising
Craft Fairs
SumUp
Amazon
1(j)
Trading
HCC
Brownies
St Faiths
Other
Hire
1(k)
Sale of St Faith's
VAT refund heating
**Total Incoming Resources**|Unrestricted
Restricted
Funds
Funds
16250.20
24334.21|**Total**
Total
**2023**
2022
**16250.20**
17317.00
**24334.21**
5675.00| ||40584.41
0.00|**40584.41**
22992.00| ||951.16
515.00|**951.16**
1139.87
**515.00**
1273.50| ||1466.16
0.00|**1466.16**
2413.37| ||301.00
15000.00|**301.00**
950.00
**15000.00**
14000.00
**0.00**
800.00
**0.00**
75.00| ||301.00
15000.00|**15301.00**
15825.00| ||12859.88|**12859.88**
0.00| ||12859.88
0.00|**12859.88**
8795.96| ||8500.00
0.00
0.00
0.00|**8500.00**
0.00
**0.00**
400.00
**0.00**
10000.00
**0.00**
2000.00| ||0.00
8500.00|**8500.00**
12400.00| ||0.00|**0.00**
0.00| ||0.00
0.00|**0.00**
0.00| ||55.00
0.00|**0.00**
2000.00| ||55.00
0.00|**0.00**
2000.00| ||761.00|**761.00**
578.00| ||761.00
0.00|**761.00**
578.00| ||252.00
0.00
33.01|**252.00**
624.66
**0.00**
44.05
**33.01**
17.89| ||285.01
0.00|**285.01**
686.60| ||300.00
360.00
150.00
1052.50|**300.00**
300.00
**360.00**
360.00
**150.00**
150.00
**1052.50**
0.00| ||1812.50
0.00|**1812.50**
810.00| ||0.00
15583.33|**0.00**
214810.07
**15583.33**
0.00| ||15583.33
0.00|**15583.33**
214810.07| |||| ||737083.29
23500.00|**97208.29**
272515.04| **Resources Expended** |2(a)
Charitable Giving
Tear Fund
2(b)
Freewill Offering
2(c)
Salaries
Cost of Living Grant
2(d)
Evangelism
2(e)
Expenses
Clergy Expenses
Assistant Expenses
2(f)
Running Costs
Insurance
Maintenance
Church Yard
Music/AV
Miscellaneous
Water
Student Work
Children’s work
Cleaners
Bank Charges
Insurance
St Faiths
Miscellaneous
St Faiths
2(g)
Utilities
Light & Power
St Johns
Light & Power
Hall
Light & Power
St Faiths
2(h)
Major Works
2(i) Other Costs
Upgrades to
Video/Website/Sound
Prior year fee to YDBF
**Total Resources Expended**|Unrestricted
Restricted
**Total**
Funds
Funds
**2023**
0.00
0.00
**0.00**|Total
2022
75.00| |---|---|---| ||0.00
000
**0.00**|75.00| ||25000.00
**25000.00**|20000.00| ||25000.00
0.00
**25000.00**|20000.00| ||0.00
23530.79
**23530.79**
0.00
**0.00**|12277.95
500.00| ||0.00
23530.79
**23530.79**|12777.95| ||0.00
**0.00**|110.00| ||0.00
0.00
**0.00**|110.00| ||1151.24
**1151.24**
176.62
**176.62**|1589.90
48.89| ||1327.86
0.00
**1327.86**|1638.79| ||4999.51
**4999.51**
163.89
**163.89**
960.00
**960.00**
7590.11
**7590.11**
3360.11
**3360.11**
759.03
**759.03**
780.77
1031.05
**1811.82**
235.82
**235.82**
2122.32
**2122.32**
63.47
**63.47**
0.00
**0.00**
0.00
**0.00**|4605.86
4354.02
1035.00
0.00
1657.09
696.85
591.70
0.00
1549.14
147.36
16.95
135.00| ||20883.60
1182.48
**22066.08**|14788.97| ||7152.56
2000.00
**9152.56**
566.47
**566.47**
0.00
**0.00**|2889.65
334.19
216.25| ||7719.03
2000.00
**9719.03**|3440.09| ||115395.18
0.00
**115395.18**|42546.42| ||115395.18
0.00
**115395.18**|42546.42| ||0.00
**0.00**
0.00
**0.00**|2271.67
14.00| ||0.00
0.00
**0.00**|2285.67| ||170241.28
26797.66
**197038.94**|| |||97662.89| |**Restricted Fund Movements**
Balance at 1stJanuary 2023
Incoming Resources
Resources Expended
Balance at 31stDecember 2023|Student
Worker
TNT
Fuel
Grant
AllChurches
Trust
Children
Total
10581.16
946.66
2000.00
84.39
2000.00
15612.21
23500.00
0.00
23500.00
-23530.79
-946.66
-2000.00
-84.39
-235.82
-26797.66| |---|---| ||10550.37
0.00
0.00
0.00
1764.18
12314.55| **Independent Examiners Report to the Members of the PCC Of St John Newland** I report to the trustees on my examination of the accounts of the PCC of St John Newland for the year ending 31 December 2023. ## **Responsibilities and basis of report** As the charity trustees of the charity, you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 (‘the Act’). I report in respect of my examination of the charity’s accounts carried out under section 145 of the 2011 Act and in carrying out my examination I have followed all the applicable Directions given by the Charity Commission under section 145(5) (b) of the Act. ## **Independent examiner’s statement** I have completed my examination. I confirm that no material matters have come to my attention in connection with the examination giving me cause to believe that in any material respect: 1. accounting records were not kept in respect of the charity as required by section 130 of the Act; or 2. the accounts do not accord with those records; or 3. the accounts do 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 requirement that the accounts give a ‘true and fair view which is not a matter considered as part of an independent examination. I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached. Signed: Name: John Albert Porter Address: 165, Newland Park Hull East Yorkshire HU5 2DX Date: 30 January 2024