Charity Registration Number: 1131362 St Margaret's CHURCH Annual Report & Financial Statements of the Parochial Church Council of Angmering St. Margaret for the year ended 31 December 2023 Incumbent: Revd Canon Mark Stsnden The Rectory Rectory Lane Angmering BN16 4JU Principal Address: St. Margaret's Church Arundel Road Angmering West Sussex BN16 4JS Independent Examiner: Mr Paul Wright Sheen Stickland 7 East Pallant Chichester West Sussex P019 1TR Principal Bankers: HSBC 16 Goring Road Worthing West Sussex BN12 4AW
St Margaret's Church, Angmering Year Ended 31 December 2023 Annual Report & Financial Ststements Charity Registration Number: 1131362 CONTENTS PAGE Annual Report Ststement of Financial Activities 10 Balance Sheet Notes to the Financial Statements Accounting Policies 12 Detsiled SOFA 14 Notes to the Balance Sheet 19 Independent EXamineS Report 23
St Margarevs Church, Angmering Year Ended 31 December 2023 Annual Report Charity Registration Number: 1131362 Introduction St Margaret's Church is stiuated in Angmering, West Sussex. It is part of the Diocese of Chichesterwthin the Church of England. The Par(hla1 Church Council of Angmering St Margaret I'PCC'I is a charity that registered wtth the Charity Commission during 2009. The registered chanty number 15 1131362. The Members of the PCC present their report and the financial statements of the chanty for the year ended 31 Dember 2023. The members have adopted the provisions of the Statement of Recornmended Pradice (SORP) "Accounting and Reporting by Charities. (FRS 102) in preparing the annual report and finanaal ststements of the char"ty. The financial statements have been prepared in accordance wtth the accounting policies set out in the notes to the finanaal statements and comply with the Charities Act 2011, Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordan with the Finanaal Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019) and the Church Accounting Regulations 2006. Aim and Purposes The primary objective of St Margarevs ChUh. Angmering is the promotion of the Gospel of our Lord Jesus Christ according to the doctrines and practices of the Church of England. The PCC has the responsibility of co-operating w¥th the incumbent, the Revd Canon Mark Standen, in promoting in the parish the whole mission of the Church pastoral, evangelisti¢, social and ecumenical. Our church strapline is'sharing God's love.. PCC Membership Members are either ex ¢)fficio, elected at the Annual Parochial Church Meeting {'APCM') or ctropted, all in acwrdance w¥th the Churth Representation Rules. Incumbent. The Revd Canon Mark Standen (Chaimianl. Cute". The Revd Benjamin Lucas (unttl August 2023). Lay Reader.. Mr John Roberts. chuhwan¥ens'. Mr John Heaton, Mrs Ann Jones (until APCM 2023} and Mrs Jathe Johnson {from APCM 20231. Deputy & Assistant Wardens.. Mrs Jackie Johnson (until APCM 20231 and {from May 20231 Mrs Emily Dadson, Mrs Ann Jones, Mr James Nicholl. Mrs Esther O'Toole, Mrs Christine Peskett, Mr Stephen Rouse and Mr Davicl Vvard.. At their request, the Deputy & Assistant Wardens have not been co-opted onto the PCC. Representatives on the Deanery Synod.. Mr Benjamin Bennett, Mr John Heaton, Mrs Hannah Jones, Mrs Esther O'Toole (until APCM 2023), Mrs Tina Smiih (until APCM 2023) and (from APCM 2023) Mr Alan BLrtler, Mrs Nicola Hockham and Mr John Reilly. Elected members of the PGG.. Mr John Bther. Mr Robert Chambers. Mrs Hannah Knox, Mrs Leanne Kyte, Mrs Judtth Mcmillan, Mrs Susan Pauley, Mr Stephen Rouse, Mr David Vam&y {until APCM 20231, Mr Christopher Wild, and (from APCM 2023) Mrs Marian Lovatt and Mr Christopher Snell.
St Margarefs Church. Angmering Year Ended 31 December 2023 Annual Report (oon&'nued) Charity Registration Number." 1131362 Co-optedmembers of the PCC.. Mr David Boreham and Mr Christopher Wilson. Chaim7an of the Finance Group: Mr Neil Giles. Church TasUrer. Mr John Bawler. Secretary to the PCC.. Mrs Susan Pauley. The full PCC met ten times during the year wth an average level of attendan of 86 %. Committees met betsveen meetings and minutes of their deliberations were received by the full PCC and discussed where necessary. CommEttees Standing Commiftee.. This is the only committee required by law, and is made up of the Rector, Churchwardens, Church Treasurer and PCC Sectary. It has power to transact the business of the PCC between its meetings, subject to any direclions given by the Council. Finance Group: This exists in order to regula)1y review the finan of the Church, and make appropriate recommendations to the PCC. Mission Group: This exists to educate and enthuse the church family as to how we can better support the spread of the gospel throughout the world. It maintains links with our mission partners and m8kes recommendations to PCC on how we can support them finanaally. Church Attendance At 31 Dember 2023 there were 367 names on the Electoral Roll (an increase of 10 from 2022). Of the total 44.4 ¥0 {2022: 42.3 /ts) live inside the Parish boundary and 55.6 % {2022: 57.7/0) outside. The average nurnber of adult worshippers in Churth on a nomial Sunday in 2023 was 195 compared to 171 in 2022. sn addition to which many others were watching on line. Financial review Total income in the year increased to £404.000 12022: £339,OQO} as a result of increases in grants of £31,000 (induding £25,000 from The Bowennan Charitable Trust), donations of £22,000, deposit interest of £6,000. fund raising activities of £4,000 and in other trading acaivities (fees, lettings etc} of £2,000. Total expenditure in the year increased to £340,000 (2022". £310,000) due to increases in missionary and charitable giving of £10,000, parish Offi salary costs of £6,000, utilty costs of £7,000, youth and children's work costs of £4,000, fund raising adivtties of £3,000, trading a¢tivities of £2,000 and other costs of £5,000. This was offset by lower costs of repairs to buildings and equipmerrt of £7,000. The diocesan parish share was £87,000 (2022.. £85,000). The element of the parish share that relates directly to parish ministry costs (PMC) was £79,000 {2022:
St Margarevs Church, Angmering Year Ended 31 December 2023 Annual Report {ntinued) Charty RegistTation Number. 1131362 £77,000). A donation of 100A of PMC amounting to £8,000 (2022.. £8,000) was made to support other parishes in the Deanery. The net result for the year was a surplus of income over expenditure of £64,000 {2022'. £29,000). A further £3,000 (2022.. £3,000) was designated to cover the repair costs that are likely to arise following the 2024 Quinquennial Inspection of the church building. The total funds carried foFward at 31 December 2023 amount to £368,000 12022: £304,000) made up of unrestricted general funds of £298.000 (2022: £258,000). unrestricted designated funds £44,000 {2022: £40,000) and restricted funds of £26,000 {2022.' £6,000). Risks The PCC have reviewed and assessed the risks relating to its activities and are satisfied that they have taken all reasonable steps to limti or provide cover for any major risks. Reserves policy The PCC reseNes policy is to maintain a balan of unrestricted funds which equates to approximately 3 months general payments plus designated amounts for known fLrture pair projects to church premises and equipment. At 31 Dember 2023 this reserves policy equated to £122,000 {2022: £116,000). Free reserves at the current year end are in excess of this amount by approximately £218,000 (2022 £180,000) exduding reserves held as fixed assets. The PCC anticipate utilising these reserves over the next four years to contribute to the additional costs artsing from the appointment of an Assoaate Vicar in 2024. Investment Policy It is our policy to invest our fund balanS on short and medium temi deposits with banks and financial institLrtions to maximise income retums whilst minimising investment risk. Public Benefft For many years the advancement of religion has automatically been accepted as charitable. Under the Charities Act 2011 this conlinues to be charitable but the Act contsins an overarching requirement that there must be a public tknefft. The PCC has paid due regard to the Chaiity Commission's guidance on public benefrt and strongly bÈliÈve that the holding of services for the worship of God and the Lord Jesus Christ, preaching and expounding the Word of God, the Bible, holding dasses for the instrudion of adults and children in the Word of God, and providing any other activty which will promote the Word of God and lead people to faith in the Lord Jesus Christ as their Saviour is for public benefft. We also believe that our many and varied aGtivtties as a churth provide practical support and care for people living in the parish. from the youngest to the eldest. as
St Margarevs Church, Angmering Year Ended 31 DeGember 2023 Annual Report (wntinued) Charty Registration Number: 1131362 well as providing financial support to other outreach organisations working in the UK and missionaries overseas. Review of the year 2023 has been a gc>od, though unusual, year for St Margaret's Church. It has included a 3 month sabbatical forthe Recior during the Summer, the departure of our Curate for his n&xt post at the end of his curaGy. and much thought and prayer about the optirnum staffing structure for our Church moving forward. Despite these staffing issues, there has been lfttle visible diminution in our ministry both within the Church family and to the wider communrty. The gospel has advanced, we believe, and we are in good heart for 2024. The year started with 4 Sunday moming semons on the new strapline we had adopted for the Church, namely 'Sharing God's love,. It was good to remind one another of the love of G¢xf, and to encourage one another to see that this love is to be embraced personally, and then shared widely in our communty, country and world. This set the tone well for our ministry through0 the coming year. January also saw a number of key events including the annual moming for women in the Church called 'The Vine.. The theme was 'Women of the Word who walk in the worfd, with different speakers leading a variety of seminars. This was well attended and wdely appreciated. We also had a men's breakfast with the title 'Men and work,, and this hugely practical theme was helpful to those who attended. The Alpha course continued, and a new 'Hope Explored, and 'Marriage Course, started. Together wth the start up of our regular ministries, January was a busy. bLrt positive, start to the year. Our Church Council gave some attention in January and February to an issue that was being considered by the General Synod of the Church of Engand in February. This related to the proposal to allow churches to conduct seNices for same sex couples, praying for God's blessing on them. Historically, St Margaret's has not devoted much of its time to debate such issues, but we felt that we couldn't properly ignore this one. We spent time at Iwo consecutive meetings discussing this sensitive matter in a calm, prayerful way, with everyone being given the opportunty to participate. By the end of February, it was clear that the majority of the PCC wanted to combine charity to all, with clarity about the issue in hand, and so we passed a resolution that St Margaret's Church 'would not be offering the services and prayers outlin&id in pYerS of Love and Faith, since we believe that SUGh prayers are depathng fmm SciTptuTr'. The vast majortty of comments that we received from members of the Church family were wholly supportive of this stance. During February and March, a considerable amount of time was devoted by the Rector to Ihe planning of his sabbatical over the Summer, and the practical implications for ministry during his absence. March included a number of signrficant events including a br8akfast for women. and also an evangelistic 'curry and quiz, evening designed for men and their friends at a local pub. We have found that this fom* works well for men, whose friends often are more willing to acpt an invitation to a neutral venue like a pub than a Church building. We also had a moming led by Robert Lovatt for all the leaders of the Homegroups in our church. It was good to spend time together, sharpening our
St Margarevs Church. Angmering Year Ended 31 December 2023 Annual Report (contsnued) Charity Registration Number: 1131362 understanding of the role. leaming how we can do tt even better, and supporting one another. April inctuded Easter, and we were pleased by the way that we linked our All Age sewices from Palm Sunday through to Good Friday and then Easter Sunday, with over 300 coming to Church on Easter Sunday. It was also good to have a 'Passover type meal, on Maundy Thursday, wrth some excellent food and drink ktndly provided by Jen Brown and Jo Noonan. We experimented wilh a '3 hours at the Cross, on Good Friday afternoon, instead of the normal 'Hour at the Cross, bebNeen 2 to 3pm, using members of the Church family to give devotional inputs. This was only a partial success, with light numbers for the first two hours, and much stronger numbers for the more familiar 2 to 3pm slot. The Annual church meeting t¢)ok place in April, after a Sunday moming service, and there was a receptive, united atmosphere evident, for which we give thanks. April finished th the baptism of 2 adults who had come to faith during the Alpha course. It was wonderful to see people whose lives had so cleatly been touched by the Spirit of God giving lestimonies to their new faith in Christ, embracing the rich symbolism of baptism, and being warmly welcomed by their new brothers and sisters in Christ. It was a truly joyful occasion. Between 24 April and 24 July, the Rector and his wife enjoyed a period of sabbatical leave. They used this for physical and spiritual refreshment, and their tirne included Vistts to 6 other Churches, study in the Psalms, walking much of the South Downs, and some holiday with their fami5y. Whilst the Rector was away, the leadership of the Church was in the hands of our Curate, Rev Ben Lucas, ably supported by the staff team, Churchwardens and retired clergy. Ben rose well to this challenge, and the pace of ministry continued well throughout the Summer period. May started with a special 'AII Age, service to mark the coronations of King Chades 3, and his wrfe, Camilla . Later in the month there was a weekend when our mission partners, Dave and Becky Wateman from Mission Aviation Fellowship, visited us. There was a visf( by some of our women to the Creative Hearts venture in Littlehampton, and a men's breakfast. June and July were very busy months for our Leader of Ministry to Under 18s and Families, Chris Wilson, in that in additson to his regular activities, both in the Churth, Churth Hall and the School, he also assisted at and gave talks at 2 residentials organised by our Church School, St Margaret's, off site. These are very valuable opportunities, and we give thanks to G¢xl that this door of opportunity is still wide open at this school, with regular assemblies, lunch dubs and residentials. We were pleased in June to run another 'Fun Day, on Fletcherfs Field. We estimate that approximately 800-1,000 attended, induding at least 100 children who completed a craft activity in the main church building. This day gives us a brilliant opportunty to engage with our community, inviting them to a high quality, mostlyfree, day during which they can enjoy many activities, listen to music, eat burgers, enjoy a magic show given by a Christian magician, and net other villagers and members of the Church community. It is always appreuated by the villagers, and raises our profile in the village, though it is of COLtrse hard to gauge its spirttual impa¢t. We believe bt is a very positive thing to do, and we aim to learn lessons each year how to do it even better in future years. Many thanks are due to Leanne Kyle for the key role
st Margarevs Church, Angmering Year Ended 31 December 2023 Annual Report (continuedj Charity Registratton Number. 1131362 sh& played tTf delivering the Fun Day, together with other members of th& staff tearTT, and the 70 or so members of the church family who volunteered to help. During the course of the Summer, Chris Wild and John Heaton did some very valuable work on how we can as a Church engage even better with our local community. We feel that we are strong at hosting seNices and events that people are warmly invited to come to, but perhaps less strong at getting involved with groups in our local communty where we can 'shine like stars, and be 'salt and light., The report encouraged us to think particularly about a possible collaboration wilh Arun Youth Projed and also to think about how we might become a Church community hub, for example in being the base for an after-school club to be established by Family Support Work in due Cou. We ar& giatefut to Chiis and John for the many hours they invested in research, interviews, analysis and producing the report. which led to more thought and adion when the Rector got back from his sabbatical and ind*d throughout the Autumn. June finished with a camping weekend for men (called 'Con-Tented') at a venue near Fontwdl. Thts is a chance for mert to get to- know eath other better, to enjoy some inspiring practical teaching, and to encourage each other in their Christian lives. Though attendan wasn't huge (mainly because men havÈ $0 many other demands at weekends) it was a valuable time. The main focus of July was preparation for the Holiday Club at the end of the month, where c90 chiklren of primary school age gathered in Church to enjoy a space themed week. This Could only happen due to the contributions of all the volunteers, so much thanks are due to them, and for Chris Wilson's hard work in planning the week in advance and delivering the programme during the week. It has been good to see many {largely unchurthed) ¢hildren coming to the Fun Day, then onto the Hdiday Club, then on ta the LIW Paty and ther¥ back. at. Christmas. We reioiGe in this progression but would obviously love to see them become part of our regular Sunday ministry too. July was also taken up with Ben Lucas handing over some of his responsibilities to others prior to moving orrto his new role in Lindfield in August. Then on 24 July, the Rector retumed from his sabbatical to St Margaret's. It was widely noticed that he had benered from the time away, and he came back renewed with a fresh energy and zeal in ministry. He ar7d Susan were very pleased to be back amongst the Church family and local communrty. August was spent getting ready for the new temi, ¢onsoous that we would miss Ben and Emily Lucas since they had both made suth signsFicant contributions to the ItFe of St Margaret's during their 3 years with us. A small number of teenagers went to the Brymore Camp in Somerset. and dea]ly had a very happy and positive time on all fronts, induding spiritually. It was good to baptise another adult at the 5pm service at the end of August. September was a very busy month on many fronts. It started with the largest Gentral prayer meeting we have had for years, as people were interested to hear the Rectorfs report on his sabbatical and insights gained from the Psalms and visits to other Churches. We started a sermon series based on the Psalms on Sunday momings. and followed these sermons up tn mary of the Homegrot4)s in clrCh,
St Maryarevs Church, Angmering Year Ended 31 December 2023 Annual Report feontlnued) Charity Registration Number. 1131362 and people generalty found these very helpful. The sermons at the 5 on the very practical letter of James were also appreciated. We had a breakfast for women in September to launch the new year under the inspiring title of 'The unchangeable God who Ghanges lives, and this led to some well attended evening talks for ladies on people whose lives were changed by God. There was a men's breakfast at which a church mernber who had been in the amed services spoke about his expèriences. The Sussex Gospel Partnership started a new 2 year bible training course in Angmering and a number of our church members joined up, and are benefrtting from it. We also started a new Alpha course, and we were delighted by the large numbers of spiritually interested people who signed up. On top of all these other events, we also had another 'Church Weekend at Home,. and we were pleased that a good proportion of our church family attended. Our speaker was Rev Ben Martin , a forrner member of staff at St Margaret's and now a curate at Bishop Hannington Church, Hove. Ben spoke powerfully and helpfully on the grfts that God lavishes on his Church from Roman$ 12 on the Saturday, and then on the same theme. but from a different part of the Scripturé, on the Sunday. It was good to be together again, and be inspired by God's grace to use our grfts in his se1 and to his glory. Many thanks to David Boreharn who led on the administration of this weekend. At the Church Counal in September. the Rector shared some gt)od news wtth us, and presented us with a challenge to consider. The good news was that the Bishop of Chichester was now minded to grant us a curate for 2024 to succeed Ben Lucas. We had been told earfier in 2023 that we wouldn't get a curate until 2025 lat the earliest) so this news was very welcome indeed. It was subsequently announced that Nat Gillett from Littleharnpton would be coming in June 2024 to be our next curate, and we look foward to his anival. The challenge was to consider whether to appoint a further staff member to the team. During the sabbatical, the Rector had seen the benefrts of a Church having an Associate Vicar on the team. This person could then invest his energies in a particular set of roles that hadn't been given the attention they needed. The particular roles identified at St Margaret's were outreach (due to the growth in population of the village in the last 2 decades) and families ministry (a 2 appointment to support the work of Chris Wilson amongst the children and youth had been thought to be benefi¢ia Sin the time Chris joined the team 2 years eadier). Discussion in the staff team, wardens team and Church Council was all very positive, and at the end of September we decided to create this new post. Over the next 2.5 months, a candidate who had already been identrfied as ideal for thi5 new role was formally inlejviewed. and offered the role. subject to sufficient finance being provided or pledged in response to Gfft Sunday in mid November. The response to Gift Sunday was incredibly encouraging, with approximately £105,000 of extra money given or pledged for 2024, such sum giving us confidence that we could pay for the new staff member in 2024, and indeed for a further 3 years (given the pledges and unallocated reserves we hold and legacies we expect in the coming few years). In the light of all this good news, for which we are incredibly grateful to God and the Church family and to the Charitable Trust that provide a substantial grant, the PCC was able to approve a resolution asking the Bishop of Chichester to appoint Rev Ben Martin for an initial period of 4 years as our Associate WIGar, starttng after Easter 2024. We look forward to Ben and Morag's arrival enorniously.
St marga$ Church, Angmering Year Ended 31 December 2023 Annual Report (wntffnued) Chanty Registration Number. 1131362 It is fair to say that this process of appointing an Associate Vicar took up a Considerable amount of time, attention and prayer on the part of staff, Church Council, Churchwardens and Finan Group. We are grateful to them all, especially perhaps to the Finance Group consisting of Neil Giles, John Baer (our Treasurer) Many Dukes lour Planned Giving offir) and Rector. They met regularly during the period from August 2023 to January 2024, analysing the figures over and over again. It is right to record our gratitude for the response, but also to note that we will need to continue to work hard to infomi the Church family of the need for continuing generosity if this post is to continue for longer than 4 years, which is our hope, in order to ensure maxirnum impact from the post. Although the process took up much of our time, this didn't stop us from having a full programme of ministry and mission during the months of October through to December. October started with a lively all age Harvest service. We enjoyed the visti of another of our mission partners, Alison and Paul Guinness, the following weekend. We invited those who have been bereaved to a special seNice on another weekend, and then had a church family lunch to mark the 60 birthdays of the Rector and his wfe. This was such a happy occasion, and many thanks are due to Sue Tyler and her catering team. The month ended with c150 children and aduFts attending a 'Light Paty'_ a Christian altemative to Halloween, which was much enjoyed by all. In November, we started the month with a special supper for Newcomers, and we were delighted to have 55 people there. Our records showed that about 50 people had joined the church in the previous 12 months, and that is dearty a very encouraging number of people. We pray that each would find a wam welcome, and their place in the Church family and opportunities to serve. We were also pleased to take a prominent part in delivering the Act of Remembrance at the village war memorial on RerneMbran Day. A number of the Church family went to a Sussex Gospel Partnership event on becoming more confident Christians. It was good to be encouraged in this way, and to feel part of this wider fellowship of Christians in Sussex. It was also good to prsy together wth our fellow Christians in the village this month, at a prayer meeting with friends from Angmering Baptist Church and Immanuel Church. We plan lo do this again in 2024. Throughout November and December the Alpha wurse conlinued with a rneal provided for all the course members. The final month of the year was one of our busiest. In addition to regular rninistry, and the final stages of th8 Associate Vicar process, we also had the opportunity to elebrate Christmas with our church family and village community. There were extraordinarily wide ways of doing this, including 'opening up. the Church on the 'Christmas at Angmering, event and welcoming about 200 people into the building. We staged a P2ntomime- thanks to Emily Dadson and her incredible team for all they did over many months to do this. We had traditional Christmas Carol services. run by Malcolm Hawke for the last time, having done this for approximately 40 years. We also had very lively Children-focussed events, with some 355 attending the afternoon services on Christmas Eve. We were also able to visit the houses neY built in the last 12 months, stage a 'Carols by the Green, in our latest estate , Ecdesden Park,
St Margaret's Church, Angmering Year Ended 31 De¢ember 2023 Annual Report (conbnuedj Charity Registration Number: 1131362 and conduded SeNiS in plaS as drfferent as Ham Manor GO Club to Angmering Grange care home. Our Christmas events closed with a live5y Christmas Day celebration, incorporating drama, carols, prayers and a talk focussing on the significance of Jesus, birth. 2023 has been an unusual year. but a full and exciting one too, with countless opportunities to share God's love wth others, and to build up our fellow Christians in their precious faith. For all this we thank God and gtve him the glory. We start this new year with grati(ude. joy, and great anticipation of all the Lord wll do amongst us in 2024, looking foard to the arrival of our new staff members to supplement our existing hard working team of Sara Spencer, David Boreham, L8anne Kyle and Chris Wilson, together with the invaluab18 contributions of our retired clergy Joy Harterink and Robert Lovatt and our Pastoral Coordinator John Roberts. We are enonnously grateful to them and to countless other church family members who all work together in partnership to advance the gospel. May Paul's great vision of the Church in his letter in Philippians 1v27 be true of us all in 2024 , and beyond:_ 'Sttving together as one forthe faith of the gospel, On beha of the PCC rLJ+,-I The Revd Canon Mark Stsnden Rector and Chaimian 25 March 2024
st Margarevs Church, Angmering Year Ended 31 December 2023 Statement of Financial Activities Charity Registration Nurnber:1131362 Unrestricted General Designated Funds Funds Restricted Funds TOTAL FUNDS 2023 2022 Incomè from". Donations & Legacies Charitable acivities Othèrtrading aetivrties Investments 323,728 52,017 375.745 319.177 20.231 5,927 349,886 20,231 8,345 404,321 17,938 2,285 339.400 1,493 1.493 925 Total in¢ome S2,942 Exptndiiurè on.. Raising funds Charitable activiti&s Other Irading activities Total expenditure 7,527 295,159 4,920 307,606 549 31,955 8.076 327,114 4,920 340,110 5,120 302,180 3,186 310.486 32,504 Net income l {expenditurel 42,280 1,493 20,438 64,211 28,914 Transfers between funds 12 {3.000} 3,000 Net movement in funds 39,280 4493 20,438 211 28,914 Rèconttiliation of funds: Total funds brou9ht forward 258,455 40,154 5,513 304,122 275,2C>8 Total fund¥ carried forward 12 44,647 25.951 3B8,333 304,122 All income and expendrture arises from continuing activities of the PCC The P¢¢ has no recognised gains or losses other than the results for the year as set out abovo_ The notes on pages 12 to 22 fomi part of these finanual statements. io
St Margaret's Church, Angmering As at 31 December 2023 Balance Sheet Charity Registration Number:1131362 Unrestricted General Designated Funds Funds Restricted Funds TOTAL FUNDS 2023 2022 Note Fixed assets: Tangible assets Total fixed assets 1,949 1.949 1,949 1,949 1,626 1.626 Current assets: stocks Debtors Investments (short temi) Cash at bank and in hand Totsl Current assets 170 12,869 231,043 68,453 312,535 170 13,903 299,442 70,060 383,575 195 13,247 222,882 80,239 316,563 10 297 737 24,049 1,607 26,393 44647 Current liabilities: Creditors.. Amounls falling due within one year Net current assets 11 16,749 295,786 442 25,951 17,191 366.384 14,7 302.496 44,647 Total assets less current liabilities 297,735 44,647 25,9S1 368,333 304,122 Total net assets 13 297,735 44647 25,951 368,333 304.122 The funds of the chayity: General funds Designated funds Total unrestricted funds Restricted funds 297,735 297,735 44,847 342,382 25,951 368,333 258,455 40,154 298,609 5,513 304,122 44,647 44,647 297,735 25,951 25,951 Total charity funds 12 297,735 44,647 Approved by the PCC on 25 March 2024 and signed on tts behalf by.. The Revd ma Standen (Chalnnanl John Bawler (Treasurer) The note5 on pages 12 to 22 fom part of these financial statements. li
St Margaret's Chuh. Angmering Year Ended 31 December 2023 Notes to the Financial Ststements Charity Registration Number:1131362 1. Accounting policies (a) A¢¢ounting comiention The financial statements of the charity have been prepared in accordance with Accourrting and Reporting by Charities.. Statement of Recommended Practice applicable to tharities PParing their accounts in accordan with the Financial Reporting Standard applicable in the UK #nd Republic of Ireland IFRS 1021, Finanaal Reporting Standard 102 'The Finanaal Reporting Standard applicable in the UK and Republic of Ireland, the Charities Act 2011 and the Church Accounting Regulations 20. The financial statements have been prepared under the historical cost convention as modrfied by the inclusion of investments at market value. The financial statements include all transactions, assets and liabilities for which the PCC is responsible in law. They do not include the accounts of thurch groups that owe their affiliation te another body, nor those which are infomial gatherings of church members. (b) Financial Reporting Standard 102 - reduced disclosure exemptions The Charity has taken advantage of the followng disdosure exemption in preparing these financial statements. as permitted by FRS 102'The Financial Reporting Standard applicsble in the UK and Republic of Ireland,: _ the requirements of Section 7 Slatement of Cash Flows. (c) Funds a¢¢ounting Funds held by the PC¢ are.. Unreslricted funds- general funds which can be used for PCC ordinary purposes. Designated fvnds - monies sel aside by the PCC out of unreslricled funds for specific future purposes or projects. Restricted funds - (al income from trusts or endowments which may be expended only on those restricted objects provided in the tems of the trust or bequest,. ( bl donations or grants received for specrfic object or invited by the PCC for a specrfic object. The funds may only be expended on the specffic object for which they were given. Any balan remaining unspent at the end of the year is (xrried forM¢rd as a balance on that fund. {d) Income All income is accounted for without deduction of any costs of receivability, is recognised when there is evidence of enlitlement, reIpl is probable, and the amount can be measured reliably. Donations and legacios CollectnS are recognised when ffceived. Planned giving receivable is recognis¢d when there is evi¢Jence of entitlemert receipt is probablg, and the amount accords with the Gift Aid declaration or other record of intention lo donate. Gift Aid recoverable is recognised when the inc£)me to which it is attached 15 rewnised. Grants and legacies are recognised when the fomal offer in writing of the funding is re1ve. Income trom investments Dividends are aco)unled for wh&n due and payable. Interest entitlements are accounted for as they accrue. All otherineome All other income is recognised when il is receivable. Gains and losses on investments Realised gains are recogni$ when the investments are sold. Unrealised gains and losses are accounted for on revaluation at 31 December. 12
St Margaret's Church, Angmering Year Ended 31 December 2023 Notes to the Financial Statements (corthu Charity Registration Number:1131362 (e) Expenditure Expenditure is accounted for on an ar£ruals basis and accounted for gross. Grants Grants and donations are accounted for when paid over, or when awarded wherg the award creates a binding obSigalion on the PCC. Church activities The DiaS2 parish contribution is accounted for on an annual basis. leCtIng the eommilment made to our Deanery. Any parish Gontribulion unpaid at 31 December is provided for in these financial statements as an operational (though not a legall liability and is shown as a creditor in the balan sheet. lfj Fixed Assets Tangible fixed assets Consecrated and beneficed propety of any kind is excluded from the financial statements by s.10(2}lal of the Charilios Act 2011 Moveable church furnishing held by the Vicar and Churchwardens on special trust for the PCC and which requi a fawlty for disposal, are regarded as inalienable propety. Therefore such assets are not included in the financ4al statements. All expenditure on consecrated or benefId buildings, inalienable property and individual it&ms costing under £1,000 are wr¢tten off in the year they were incurred. Depreciation Vestry hall & cottage Depreciation is provided at the rate of 4% per annum on cost. Otherfixtures, fittings & equipment Functional equipment that is used on a continuing basis for the Wa of the PCC is depreciated at the rate of 25% per annum on cost. Investments Inv8slments are stated at market value al the balance sheet date. {g) Current Assets Stocks are valued at the lower of cost and net realisable value. after making due allowance for obsolete and slow moving items. Amounts owng lo the PCC al 31 Dember in respect of grants, fees, rents or other income are shown a debtors less provision for amounts that may prove uncollectible. Short-term investments include cash held on depostt banks and financial institutions. 13
St Margarevs Church, Angmering Year Ended 31 December 2023 Notes to the Financial Ststsments (lined} Charty Registration Number:1131362 Unrestricted Restricted General Designated Funds Funds Funds TOTAL FUNDS 2023 2022 Analysls of income on: 2 Donations and legacies Planned giving General Mission partners Churchyard Penny Giles Memorial Trust Rectorfs Discxetionary Fund for Youth Youth 195,133 195,133 103 80 90 102 102 1,850 1,850 2,205 197.338 198,753 1,494 60 103 60 195,133 201.607 Collectlons at all seNt¢es Cash & card - General Cash & card - Mission partners Cash & card - Rector's Discretionary Fund for Youth 4,074 4,074 5,274 2,660 3,734 5,274 239 239 4.074 5,513 9.587 6,394 Other donation & appeals General General - donated goods Mission partners Churthyard Penny Giles Memorial Trust Rectovs Discretionary Fund for YoLrth Youth 30.604 5,587 30,604 5,587 6,932 1,624 230 405 45 18,521 6,932 1,624 230 405 45 4,004 1,194 59 36.191 9.236 45,427 23,778 Gift Aid recoverable General Mission partners Churthyard Penny Giles Memorial Trust Reclo¢s Discretionary Fund for Youth Youth 45,211 45,211 1,337 195 25 162 44,789 1,570 1,337 195 25 162 15 45,211 1,719 46,930 46.539 Fund raising events Men's & Women's events and Pantomime Church Weekend al Home Holiday Club Cameo Sunday Roast 4,192 1,899 4,192 1,899 526 404 3,116 10,137 2,599 1,718 526 460 1,182 6.305 3,116 9,611 S26 14
St Margaret's Church, Angmering Year Ended 310eGember 2023 Notes to the Financial Statements (eonth?uedJ Charlty Registration Number:1131362 Unrestiicted General Designated Funds Funds Restri¢ted Funds TOTAL FUNDS 2023 2022 Grants Chancel Trust Listed P18ces of Worship Grant Scheme Angmering Parish Council - Fun Day The Boweman Charitsble Trust St Margaret's Angmering Trust.. Fun Day General Penny Giles Memorial Trnst Rectorfs Oiscretionary Fund for Youth Youth camp costs 10 10 400 250 25,000 10 2,110 500 400 250 25,000 255 1,588 1,588 4,285 2,672 4,285 2.672 415 26,848 7,357 34.205 3,290 Legacies General Church Fabric 8,660 6,660 25,461 32,121 31,264 6,660 25,461 31,264 Totsl donations and legacies 323.728 52,017 375.745 319,177 3 Other trading activities Bookstall Catering Church Hall lettings Fees - Weddings & funerals, etc Parish office income Rent receivable 1,771 3,651 7,283 4,032 72 3,442 20.231 1,771 3,651 7,263 4,032 72 3,442 20.231 1,331 2,876 5,390 5,067 3,274 17,938 4 Investments Dep051t interest receivable 5.927 1,493 925 2.285 Total Income 349,886 1.493 52,942 404,321 339,400 Anatysis of expenditure on: 5 Raising fund5 Men's & Women's events and Pantomime Church Weekend at Home Holiday Club Cameo Sunday Roast 2,522 1,475 2,$22 1,475 549 SCE 3,024 8,076 1,620 1,457 279 2&3 1,501 5,120 549 3,024 7,527 549 15
St Margaret's Church, Angmering Year Ended 31 December 2023 Notss to the Financial Statements (continued) Charity Registration Number:1131362 Unrestricted General Designated Funds Funds Restricted Funds TOTAL FUNDS 2023 2022 6 Charitable activities Missionary & charitable giving Mission partners- annual support Mission partners - monthly giving Parish Contribution - Deanery donation William Olders for Sl Margaret's School Other charitable giving 24,330 24,330 15,147 7,880 6,810 2,000 56,167 23,060 8,267 7,697 8,456 936 15,147 7,880 6,810 2,000 17,147 39,020 46,416 Ministy- Dio¢esan Parish Contribution 78.796 78.796 76.967 Mlnistry - Other clergy costs Réctorfs expenses Rectory costs Curate's expenses Curate's accommodation 2,689 4,830 1,377 2,306 11,202 2,689 4,830 1,377 2,306 11,202 2,076 4,447 637 3,435 10,595 Church running expenses ElectricEty, gas and water Insuran Other running costs 11,905 2,864 15,387 39.156 11,905 2,864 15,866 30.635 6.877 2.367 14,544 23.788 479 479 Parish offi¢e oosts Administrative salary costs Other office costs 53,503 8,428 61,931 53,503 8,428 61,931 47,104 7,840 54,944 Church maintenance & repairs Church - health & safety Church - major repairs & renewals 2,454 16.153 18,607 3,156 5,527 8,683 5,610 21,680 27,290 4,389 30,389 34,778 Upkeep of services Ex gralia payment- Verger servi running costs 690 690 748 748 748 1.380 Upkeep of Churchyard Churchyard - grass Jtt[ng 3,143 1.879 5.022 5,376 16
St Margaret's Church, Angmering Year Ended 31 December 2023 Notss to the Financial Statements (confvnued) Charity Registration Number'1131362 Unrestrieted Restricted General Designated Funds Funds Funds TOTAL FUNDS 2023 2022 Youthlchildren's worf( costs Youth leader expenses Youth leader salary costs Youth leader accommodation Sunday children's activities Youth camp costs Youth expensers 300 21,056 13,620 300 22,928 13,620 585 1,310 721 1.872 21,495 12,060 62 415 585 1,310 721 35,697 3,767 39,464 35,559 Church halls running costs Church h211 cleaninglother Church hall electriaty, gas and water Vestry hall window deaninglother Vesty hall electricity Insurance 3,241 4,217 120 1,877 2,088 11,543 3,241 4,217 120 1,877 2,088 11,543 2,986 2,333 120 608 1,958 8.005 Bank charges 165 165 186 Depreciatio 831 831 1.186 Governance Costs Independent examination fee 3.320 3.320 3.000 Total charitable activities 295,159 31,955 327,114 302,180 7 Other trading activities Bookstall Catering 1,632 3,288 4.920 1,832 3,288 4,920 1,338 1,848 3,186 Total expenditure 307,606 32,504 340.110 310.486 17
St Margarevs ChurGh, Angmering Year Ended 31 December 2023 Notes to the Flnancial Statements lconrfnued) Charity Registration Number:1131362 Unffjstricted General Designated Funds Funds Restricted Funds TOTAL FUNDS 2023 2022 8 Staff costs (a} Remuneration Salaries and wages Social security costs Pension costs (see Note 161 Other employee benefrts- accommodation and lolephona allowance 74,151 1,872 76,023 68,114 347 2,797 3,208 3,208 13,860 91,219 13,860 93.091 12,300 83.558 1,872 No employee received emoluments of more than £60,000. Particulars of employees: The average number of staff employed by the PCC during the financial year amounted to.. 2023 2022 Full and part time staff Equivalent full lime staff During the year the PCC employed three administrative staff, all of whom are part time. There is also one part lime cleaner in the church halls and one full lime Leader of Ministry to Under 18's & Families. (b) Payments were made to members of the PCC The members of the PCC during the year indude The Reverend Canon Mark Standen (Rector) and The Reverend Benjamin Lucas {Curatel. Their stipends, social security costs, pension contributions and housing wsts were paid by the Diocese and are included within the Parish Contribution to the Diocese. Mr David Boreham as part time Church Administrator recetved a salary of LO,875 and nSIOn Contributions of £866. Mrs Leanne Kyte as part lime Church Administrator re1Ve a salary of £18,120 and pension contributions of £815. Mr Chris Wilson as Leader of Ministry tts Under 18's & Families reiVed a salary of £21,941, pension contributions of £987, accornmodalion (x)sting £13,620 and 8 telephone allowan of £240. Expenses re reirnbursed, or paid directly to third parties, for 12 members of the PCC amounting in total 10 £31,835 in respect of accommodation costs, travel. office expenses, servi costs, church events, equipment, books and youth activities. 18
St Margareys Church, Angmering Year ended 31 December 2023 Notss to the Financial Statements (¢onlinued) Charity Registration Number.1131362 9 Fixed Assets 8) Tangible fixed &t$ Freehold land Church and buildings equipment TOTAL Cost At 1 January 2023 Additions in the year At 31 December 2023 47,000 12,092 1,154 13,246 59,092 1,154 60,246 47,000 Deprectation At 1 January 2023 Provided in the year At 31 December 2023 47,000 10,4S6 831 57,466 831 47,000 11,297 58,297 Net book amounts At 31 December 2023 1,949 1.949 At 31 December 2022 1,626 1,626 The freehold land and buildings comprise the Veslry Hall & Cottage. Unrestricted General Designated Funds Funds Restrlcted Funds TOTAL FUNOS 2023 2022 10 Debtors Tax recoverable Propayrnents and accrued income Other debtors 5,314 5,688 1.872 12,869 449 288 5.763 6,268 1,872 13,903 5,349 5,332 2,566 13,247 297 297 737 11 Credttors: amounts falling due within one year Trade creditors 1,060 Accruals 12,069 Taxation and social security 3,620 16,749 360 82 1,420 12,151 3,620 17.191 e99 10,831 2,537 14.067 442 19
St Margarets Church, Angmering Year ended 31 December 2023 Notes to the Financial Statements (ctintinued) Charity Registration Number:1131362 12 Fund movement Unrestricted funds General Designated TOTAL FUNDS Balan at 1 January 2023 Income Expenditure Transfer between funds Balance at 31 December 2023 258,455 349,886 1307,6061 {3,000 297,735 40,154 298,609 1,493 351,379 I307,6) 3,000 44,647 342.382 Designated funds Qutn- quennial inspection Church lighting TOTAL FUNDS Balan at 1 January 2023 Income Expenditure Transfer btheen funds Balance at 31 December 2023 12,543 468 27,611 1,025 40,154 1,493 3,000 16,011 3,000 44.647 28,636 Pu0$8 of designated funds Every five years the consecrated and beneficed church property is inspected by the diocese and any necessary Maintenan work identified. An inspection was carried out in 2019 and £8.976 was designated towards the cost of the work identtfied. In 2021 £5,724 was spent on some of the work identified in the inspection. At 31 December 2023 no further commitments have been entered into. £12,000 has been designated towards the likely cost of work arising from the 2024 inspection. The PCC has aulhorised in prinaple the replacement of the lighting in the Church and in 2015 it designated £25,Om towards the cost of this work. The work has not been fully scoped or quotations obtained. At 31 December 2023 no commitments have been entered into. Transfers between funds A further amount of £3,000 (2022.. £3,000) has been designated from the gener81 fund towards the likely fDsts arising from the 2024 Quinquennial Inspection. Resticted funds Mission partners Church yard All Youth activities Church Rev Penny TOTAL fabric GTles FUNDS Memorial Trust Balance at 1 January 2023 Income Expenditure Transfer between funds Balan at 31 December 2023 3,592 13,646 (15,1481 1341 1,921 6,132 14,3151 5,513 4,684 52,942 12,479) 132,504} 1,879 {1,879) 26,601 18,6831 3.772 17,918 2.205 25,961 20
St Margareys Church, Angmering Year ended 31 December2023 Notss to the Financial Statements (eoMinued) Charity Registrdtion Number:1131362 Purpose of restrided fvnds Mission Partners Fund- The restricted mission partners fund was created to account for donaticY received for our mission parters as a result of our monthly Mission of the Month appeals or other one-off gifts. Maintenance of Churthyard Fund- The restricted thurthyard fund was created lo help with the rnaintenants of thechurchyard", graves and grave stones. Annually a letter is sent to thosofamilies with reEalives buTd in the churchyard requesting donations towards the maintenance of their graves. All Youth Activities Fund - The restricted all youth activities fund was created by dtsnations from within the churth family, legacles and grants for the Christian education and benefit of the youth within the parish. It indudes the balants of a legacy for children's activities on a Sunday and, in 2023, the Rectorfs Discretionary Fund for Youth, which was previously part of St Margaret's Angmering Trust. Fabric Fund - This fund was established during the year as a result of receiving e legacy, the use ef which was restricted to the fabric of St Margarevs Church in Angmering. Reverend Penny Giles Memorial Trust Fund - This fund was established some years ago as part of St MargarÈt's kngmering Trvst to"contH)utrandto devdop Penny Gdes. vtsiorrfor Chrh%ttan M'ssK)Tr and her love for ppIe in our community, both in the church family and of Angmering more wdely. It was transferred to the PCC in 2023. Transfer between funds £34 in the MissiDn Partners Fund at the beginning of the year related to the Rectorfs Discr8tionary Fund for Youth and was transferred to the All Youth Activities Fund on the establishment of a separate restricted fund. 13 Analysls of net assets by fund Unrestiicted Generak Dewiated Funds Funds Restricted FtttTrds TOTAL FUNDS 2023 2022 Total Funds Fixed assets for church use Current assets Current li8bilities 1,949 312,535 16,7491 297.735 1.949 357,182 16,749 342,382 1,949 1,626 383,575 316,563 {17,1911 114,0871 368,333 304,122 44.647 26,393 (442) 25,951 44,647 14 Going Con¢ern The PCC have projected expected incorne and expenses for the period lo December 2027. Over this period, based on ¢urrent levels of ¢haritable income, the PCC expects required expenses will be fully funded on an 8nnu81 basis 01 from available reserves. 15 Connected Charfties Sl Margaret's Angmering Trust was, until it dosed in May 2023, connected lo the PCC as it had parallel objects in respect of the upkeep of St Margaret's Church buildings and fabric, as well as supporting work amongst youth, and a number of the trustees were members of the PCC. During the year donations of £nil12022.' £6201 wera made to the Twst and grants of £8,54512022." £6701 ware received from the Trust, in 2023 on its closure. The'lwiam Older School Charity rd ¢onne¢ted to-the PCC as the'church Wardens and the Reverend Canoft Mark Standen are trustees. During the year £6.810 {2022-. £6,456) was donated to thi$ tharity for St Margaret's Churth of England Primary School. 21
St Margareys Church, Angmering Year ended 31 December 2023 Notes to the Financial Ststements (¢onthued) Charity Registration Nurnber.1131362 16 Pension Scheme The PCC participates in Ihe Pension Builder Scheme section of the Church Workers Pension Fund for lay staff. The Scheme is administered by the Church of Englanrj Pensions Board, which holds the assets of the scheme separately from those of the PCC and the other participating employers. The Pension Builder Scheme is mad8 up of tsvo sections, Pension Builder Classic and Pension Builder 2014. both of ]ch are classed as dafined benefit schemes. The PCC participates in the Pension Builder 2014 Pension Builder 2014 is a cash balance schem8 that provides a lump sum that member5 use to provide benefrts at retirement. Pension contributions are recorded in an account for each member. Discretionary bonuses may be added before retirement, depending on investment retums and other factors. The account. plus any bonuses declared, is payable, unreduced, from age 65. There is no sub-division of assets between employers in each section of the Pension Builder Scheme. The Stheme is considered to be a multiémployer scheme as described in selOn 28 of FRS 102. This Is because it is not possible to attribute the Pension Buildor Scheme's assets and liabilities to specrfic employers and means that contributions are accounted for as if the Scheme were a defined contribution scheme. The pension costs charged to the SOFA in the year are the contributions payable of £3,208 (2022.. £2,797). A valuation of the Pension Builder Scheme is cawied out On every three years. The most rent was carried out at 31 December 2022. The next valu8tion 15 due at 31 December 2025. For the Pension Builder 2014 section, the valuation at 31 December 2022 revealed 8 surplus of £2.Om on the ongoing assumptions used_ There is no requirement for deficit payments at the Cuent time. The legal structure of the Scheme is such that if another employer fails, the PCC could become responsible for paying a share of that employef s pension liabilities. 22
Report of the Independent Examiner to the Parochial Church Council {PCC) of st Margarevs Church, Angmering Independent examinevs report to the trustees of The Parochial Church Council (PCC) of St Margarevs Church Angmering I report to the chartiy trustees on my examination of the accounts of the The Parochial Church Council (PCCI of St Margaret's Church Angmering for the year ended 31 st December 2023. Charity Registration Number. 1131362 Responsibilittes and basis of report As the charity trustees of the Trust 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 Twst's accounts carried out under section 145 of the Act and in carying out my examination I have followed all applicable Directions given by the Charity Commission under section 145{5){b) of the Act. Independentexaminerfs statsment sin your charity's gross income exceeded £250,000 your examiner must be a member of a listed body. I can confirm that l am qualified to undertake the examination because l am a registered member of the Assoctation of Chartered Certified Accountants, which is one of the listed bodies. I have completed my examination. I confirm that no material matters have come to my attention in connection with the exarnination giving me ¢ause to believe that in any material respect.. accounting records were not kept in respect of the Trust as required by section 130 of the Act" or the accounts do not accord with those records: or the accounts do not Comply with the applicable requirements conceming the fom and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the accounts gtve a true and fair view which is not a matter considered as part of an independent examination. I confirm that there are no other matters to which your attention should be drawn to enable a proper understanding of the accounts to be reached. Paul Wright FCA DChA Sheèn Stickland 7 East Pallant Chichester West Sussex P019 1TR Date.. 23