REGISTERED CHARITY NUMBER: 1131419
Report of the Trustees and Financial Statements for the Year Ended 31 December 2023
for
The Parish Church of St James Clitheroe
Bennett Kirkhope Smith Chartered Certified Accountants Suites 5 & 6 The Printworks Hey Road Barrow Clitheroe Lancashire BB7 9WB
The Parish Church of St James Clitheroe
Contents of the Financial Statements for the Year Ended 31 December 2023
| Page | |
|---|---|
| Report of the Trustees | 1 to 6 |
| Independent Examiner's Report | 7 |
| Statement of Financial Activities | 8 |
| Balance Sheet | 9 |
| Notes to the Financial Statements | 10 to 17 |
| Detailed Statement of Financial Activities | 18 to 19 |
The Parish Church of St James Clitheroe
Report of the Trustees for the Year Ended 31 December 2023
The Parish Church of St James Clitheroe is registered with the Charity Commission as the Parochial Church Council of The Ecclesiastical Parish of St James', Clitheroe.
Background
St James PCC has the responsibility of co-operating with the Rector, the Rev'd Mark Pickett in promoting in the ecclesiastical parish the whole mission of the Church, pastoral, evangelistic, social and ecumenical. It also has the maintenance responsibilities for the Church Centre complex of St James', St James' Street, Clitheroe. It has responsibility in the employment of an Operations Manager, Youth Worker, a Christians Against Poverty Centre Manager and a Children's and family worker. Finally, it has an important role to play in the support of St James C of E Primary School.
STRATEGIC REPORT
A full review and strategic report of St James' can be found below in conjunction with the Annual Reports to the APCM.
OBJECTIVES AND ACTIVITIES
Objectives and aims
The main aim of the charity is promoting in the ecclesiastical parish the whole mission of the Church, with an emphasis on the following:-
-
Education/Training - The Prevention or Relief of Poverty
-
Overseas Aid/Famine Relief
-
Religious Activities
These objectives are realised by making grants to organisations, providing buildings/facilities and open spaces, and providing services to communities at home and aboard. The measurement of the success of meeting these aims is provided by the responses from the recipients of our charitable grants and services, as well as through financial performance figures for grantmaking, donations and expenditure of the PCC through charitable activities.
All charitable activities that take place are for the benefit of the public and the wider community as a whole in conjunction with the Charity Commission's guidance.
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The Parish Church of St James Clitheroe
Report of the Trustees for the Year Ended 31 December 2023
ACHIEVEMENT AND PERFORMANCE Church Attendance
At the AGM in 2023 the electoral roll membership stood at 222.
We have adopted Church Suite as our church based management system and we have 277 on that system with another 266 children.
Context and Review of the Year
A full review of all the activities at St James' can be found in the Annual reports to the APCM.
In April 2023, after consultation with those who attend, we closed our 9 am service.
In September 2023 we moved to a multiple service model, where attendees could now choose to attend a 9.15 or an 11.15 service. The services are identical with same preachers, hosts and worship teams. This has been a positive move, providing more space within the church building, opportunity to welcome and integrate new comers and space for growth. We have evaluated this move regularly and have found that growth and involvement has continued,
Forest Church has continued as a once-a-month family church in the school ecozone.
Teaching Schedules have includedMarks of the Church; an exploration of Acts A study on the names of God in the Old Testament A series on Nehemiah A series on being a follower- using Lectionary Readings
Around 150 people are attached to some form of smaller discipleship groups and many of these use the Sunday teaching as the basis of further study and application.
In February and March we gathered around 50 people together on a Sunday evening for a specific discipleship opportunity. Beginning with a meal, three discipleship courses have been offered: Freedom in Christ, Alpha and our own DNA course.
The Pastoral Care team continues to keep in touch with those who are isolating, practically support those that need it, and care for those in times of trouble.
Outreach to our community has continued: Little and Baby Fishes, a mums and tots group, continues to grow.
Our Youth provision in the community now includes a homework drop in club and a Friday evening youth club, both well attended. The Youth Minister now spends time each week in three local secondary schools. We have a thriving youth discipleship group and it has been encouraging to see a number of young people make the journey from attendance at youth club to serving at church on a Sunday
Our children's work on a Sunday while still being excellent and well attended has felt the draught of the move to two services.
Our partnership with our primary school has continued
The Love Clitheroe BBQ and Carols and the Castle continued- reaching around 1500 people at each event
We continue to work in our vision 'Towards 2027.'
Growing Leaders- A number of those who took part in the Growing Leaders programme are now in leadership. The second cohort is about to finish the Growing Leaders course.
Leadership training for small group leaders has ramped up with Saturday training days as well as termly evening meetings. We now have 17 small groups.
Development of St James Yard- the land has now been cleared and we have held a whole church prayer event and opportunity for church members to present ideas for the use of the land.
The creation of a new worship service. The vision of multiple worshipping communities saw the creation of two new worship services at 9.15 and 11.15. With our Wednesday congregation and monthly Forest Church worship we now have four worshipping communities.
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The Parish Church of St James Clitheroe
Report of the Trustees for the Year Ended 31 December 2023
We continue to partner mission at home and abroad with our mission tithe and our partnership with Kings Highway Church in Eldoret has continued.
We appointed Matt Wood as our new CAP centre manager and he began work in September. CAP money courses have been offered on a regular basis throughout the year.
Current staff members employed directly by the PCC:Helen Potts Full time Children and Family Worker Naomi Lynas Full time Operations Manager Lucy Skelton Full time Youth Minister Matt Wood Part time Christian Against Poverty Centre Manager Sue Clark Part time Office Assistant David O'Neill Part time Cleaner
FINANCIAL REVIEW
FINANCIAL CONTROLS
We adhere to our financial policy. Our systems are overseen by a team of 3 (Treasurer, Admin Assistant and Operations Manager) who report bi-monthly to the PCC and also to the AGM. We use Xero accounting which pulls information directly from our bank account. Our internal financial controls are reviewed annually. There have been no financial risks in the past year.
Any breaches of privacy or finance must be reported both to the Charity Commission and to the Diocese of Blackburn. The organisation is not currently facing any particular risks.
REVIEW
At the end of 2023 the total income received for the year into the PCC account was £324,349. The principal sources of these funds are regular giving of £219,067 and income tax recoverable on Gift Aid donations of £53,108. There was also a net gain on investments of £2,824. Total expenditure was £331,380, leaving a net income deficit of £4,207.
The total reserves held in the surplus account at the end of the reporting period is £369,902 of which £201,124 are restricted funds and £168,778 are general funds.
There are no designated funds at the year end.
Reserves are held to enable the PCC to continue to operate as an entity and meet any liabilities it may have, and to allow the PCC to continue in it's ongoing activities in spreading faith and worship within the local and wider community.
The PCC is being managed and administered as a going concern.
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The Parish Church of St James Clitheroe
Report of the Trustees for the Year Ended 31 December 2023
STRUCTURE, GOVERNANCE AND MANAGEMENT
The PCC operates through one committee with a number of teams that meet between full meetings of the PCC.
The Standing Committee, the only committee required by law has power to transact the business of the PCC between its meetings subject to any directions given by the Council.
In order for the PCC to carry out its function of leadership, development and decision making, a number of teams have been set up with the following terms of reference:-
Vision and Alignment Team
-
To have a big picture view of where God may be leading us
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To bring possible areas to develop, to the Leadership Team
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To ensure that ministry aligns with the current vision
Leadership Team
-
To ensure implementation of vision in each ministry area. (Including determining and modifying strategy)
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To set strategic, measurable and time quantifiable goals, and then monitoring progress
Fabric Team
-
To oversee the day to day maintenance of the church buildings
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To work closely with the Church Administrator and Development Officer in the carrying out of work to the building
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To ensure the work from the Quinquennial Inspection is carried out
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To report to the PCC work needed, planned and completed
Finance Team
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To oversee the finances of the church
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To support the Treasurer in the setting of yearly budgets
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To ensure the church is kept informed about Christian Stewardship including the envelope scheme, direct debit giving, legacies etc.
-
To bring a financial report to each PCC meeting
Teaching Team
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To oversee the Worship Services at St James
-
To monitor and evaluate the needs of the worshipping community
-
To produce a termly teaching programme
Each team reports to the PCC where decisions are made.
The PCC has met 6 times during the year. Minutes, or written or verbal reports of meetings, or groups were received by the PCC and discussed where necessary.
REFERENCE AND ADMINISTRATIVE DETAILS Registered Charity number
1131419
Principal address
St James Church St James Street Clitheroe Lancashire BB7 1HH
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The Parish Church of St James Clitheroe
Report of the Trustees for the Year Ended 31 December 2023
Trustees
Members of the PCC are either ex-officio or elected by the Annual Parochial Church Meeting in accordance with the Church Representation Rules. Members of the PCC, wardens and deputy wardens are nominated and the elected.
The Rector is the chair of the PCC, and there are a number of ex-officio roles which are appointed rather than elected: staff members, treasurer and secretary. PCC members are elected for 3 years and can serve for 2 terms.
| Incumbent | Rev'd Mark Pickett Chairman |
|---|---|
| The following people have served on the PCC during the year:- | |
| Wardens | A Stevens |
| G Haldane (Appointed April 2023) | |
| Deanery Synod | R Haldane (ALM) |
| Elected members | J White |
| H Potts | |
| E Wood (Resigned April 2023) | |
| N Shelley | |
| S Clark | |
| J Frank (Hon. Treasurer) | |
| N Lynas (Secretary) | |
| L Skelton | |
| A Groves | |
| P Williams (ALM) | |
| D Hardie | |
| C Watson | |
| W Weston | |
| J Sanderson (Appointed April 2023) | |
| Bankers | Yorkshire Bank |
| 20 Merrion Way | |
| Leeds | |
| West Yorkshire | |
| LS2 8NZ | |
| Investment Advisers | The Blackburn Diocesan Board of Finance Limited |
| Diocesan Offices | |
| Clayton House | |
| Walker Office Park | |
| Blackburn | |
| BB1 2QE | |
| Solicitors | Houldsworth Solicitors |
| 4 Duck Street | |
| Clitheroe | |
| BB7 1LP |
The following people have served on the PCC during the year:-
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The Parish Church of St James Clitheroe
Report of the Trustees for the Year Ended 31 December 2023
REFERENCE AND ADMINISTRATIVE DETAILS Independent Examiner
Alice Mary Smith Bennett Kirkhope Smith Chartered Certified Accountants Suites 5 & 6 The Printworks Hey Road Barrow Clitheroe Lancashire BB7 9WB
Approved by order of the board of trustees on ............................................. and signed on its behalf by:
................................................................. Trustee
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Independent Examiner's Report to the Trustees of The Parish Church of St James Clitheroe
Independent examiner's report to the trustees of The Parish Church of St James Clitheroe
I report to the charity trustees on my examination of the accounts of The Parish Church of St James Clitheroe (the Trust) for the year ended 31 December 2023.
Responsibilities 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 Trust's accounts carried out under Section 145 of the Act and in carrying out my examination I have followed all applicable Directions given by the Charity Commission under Section 145(5)(b) of the Act.
Independent examiner's statement
Since your charity's gross income exceeded £250,000 your examiner must be a member of a listed body. I can confirm that I am qualified to undertake the examination because I am a member of the Association 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 examination giving me cause 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
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the accounts do not accord with those records; or
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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.
Alice Mary Smith
The Association of Chartered Certified Accountants
Bennett Kirkhope Smith Chartered Certified Accountants Suites 5 & 6 The Printworks Hey Road Barrow Clitheroe Lancashire BB7 9WB
Date: .............................................
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The Parish Church of St James Clitheroe
Statement of Financial Activities for the Year Ended 31 December 2023
| Unrestricted fund Notes £ INCOME AND ENDOWMENTS FROM Donations and legacies 285,145 Charitable activities Directly relating to the work of the church 11,759 Grant - Investment income 2 2,717 Total 299,621 EXPENDITURE ON Charitable activities Directly relating to the work of the church 308,798 Net gains/(losses) on investments 2,992 NET INCOME/(EXPENDITURE) (6,185) RECONCILIATION OF FUNDS Total funds brought forward 174,963 TOTAL FUNDS CARRIED FORWARD 168,778 |
Restricted fund £ - 12,060 12,500 - 24,560 22,582 - 1,978 199,146 201,124 |
31.12.23 Total funds £ 285,145 23,819 12,500 2,717 324,181 331,380 2,992 (4,207) 374,109 369,902 |
31.12.22 Total funds £ 279,595 8,566 16,275 1,808 306,244 364,552 (5,206) (63,514) 437,623 374,109 |
|---|---|---|---|
The notes form part of these financial statements
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The Parish Church of St James Clitheroe
Balance Sheet 31 December 2023
| Unrestricted fund Notes £ FIXED ASSETS Tangible assets 5 5,890 Investments 6 39,314 45,204 CURRENT ASSETS Debtors 7 19,816 Cash at bank 158,314 178,130 CREDITORS Amounts falling due within one year 8 (18,764) NET CURRENT ASSETS 159,366 TOTAL ASSETS LESS CURRENT LIABILITIES 204,570 PROVISIONS FOR LIABILITIES 9 (35,792) NET ASSETS 168,778 FUNDS 10 Unrestricted funds Restricted funds TOTAL FUNDS |
Restricted fund £ 199,024 - 199,024 - 2,100 2,100 - 2,100 201,124 - 201,124 |
31.12.23 Total funds £ 204,914 39,314 244,228 19,816 160,414 180,230 (18,764) 161,466 405,694 (35,792) 369,902 168,778 201,124 369,902 |
31.12.22 Total funds £ 208,929 36,322 245,251 21,261 160,861 182,122 (14,065) 168,057 413,308 (39,199) 374,109 174,963 199,146 374,109 |
|---|---|---|---|
The financial statements were approved by the Board of Trustees and authorised for issue on ............................................. and were signed on its behalf by:
............................................. Trustee
The notes form part of these financial statements
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The Parish Church of St James Clitheroe
Notes to the Financial Statements for the Year Ended 31 December 2023
1. ACCOUNTING POLICIES
Basis of preparing the financial statements
The financial statements of the charity, which is a public benefit entity under FRS 102, have been prepared in accordance with the Charities SORP (FRS 102) 'Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019)', Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Charities Act 2011. The financial statements have been prepared under the historical cost convention, with the exception of investments which are included at market value, as modified by the revaluation of certain assets.
Income
All income is recognised in the Statement of Financial Activities once the charity has entitlement to the funds, it is probable that the income will be received and the amount can be measured reliably.
Expenditure
Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources.
Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Freehold property - not provided Church Equipment - 10% on cost Plant and machinery - 15% on cost Computer equipment - Straight line over 3 years
Taxation
The charity is exempt from tax on its charitable activities.
Fund accounting
Geneal funds represent the funds of the PCC that are not subject to any restrictions regarding their use and are available for application on the general purposes of the PCC. Funds designated for a particular purpose by the PCC are also unrestricted.
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 main affiliation to another body nor those that are informal gatherings of the Church members.
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The Parish Church of St James Clitheroe
Notes to the Financial Statements - continued for the Year Ended 31 December 2023
2. INVESTMENT INCOME
| INVESTMENT INCOME | ||
|---|---|---|
| 31.12.23 | 31.12.22 | |
| £ | £ | |
| Other fixed asset invest - FII | 899 | 1,079 |
| Deposit account interest | 1,818 | 729 |
| 2,717 | 1,808 |
3. TRUSTEES' REMUNERATION AND BENEFITS
Five Trustees have been employed by the PCC within the year.
Helen Potts - Employed as a full time Children and Family Minister and was remunerated with a gross salary of £25,484 in the year 2023. This included pension contributions of £2,039. Pension contributions by the PCC were £1,274.
Graham Haldane - Employed as a part time Christian Against Poverty Centre Manager and was remunerated with a gross salary of £2,995 in the year 2023. He was not employed in the position while a Trustee.
Sue Clarke - Employed as a part time Office Assistant and was remunerated with a gross salary of £3,427 in the year 2023. This included pension contributions of £137. Pension contributions by the PCC were £103.
Naomi Lynas - Employed as a full time Operating Manager and was remunerated with a gross salary of £28,315 in the year 2023. This included pension contributions of £883. Pension contributions by the PCC were £662.
Lucy Skelton - Employed as a full time Youth Minister and was remunerated with a gross salary of £32,076 in the year 2023. This included pension contributions of £793. Pension contributions by the PCC were £595.
Trustees' expenses
Out-of-pocket expenses were reimbursed to trustees in 2023 as follows.
| Gifts Heating allowance Phone/Broadband Activities/refreshments for children Books, postage & stationary Mileage & travel Service expenses Subscriptions Repairs and renewable resources Training & development Catering & hospitality Other |
£ 383 1,000 938 13,801 423 1,428 410 - 1,348 1,033 3,101 - 23,865 |
|---|---|
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The Parish Church of St James Clitheroe
Notes to the Financial Statements - continued for the Year Ended 31 December 2023
| 4. COMPARATIVES FOR THE STATEMENT OF FINANCIAL INCOME AND ENDOWMENTS FROM Donations and legacies Charitable activities Directly relating to the work of the church Grant Investment income Total EXPENDITURE ON Charitable activities Directly relating to the work of the church Net gains/(losses) on investments NET INCOME/(EXPENDITURE) Transfers between funds Net movement in funds RECONCILIATION OF FUNDS Total funds brought forward TOTAL FUNDS CARRIED FORWARD 5. TANGIBLE FIXED ASSETS Freehold Church property Equipment £ £ COST At 1 January 2023 199,024 80,650 Additions - - At 31 December 2023 199,024 80,650 DEPRECIATION At 1 January 2023 - 80,649 Charge for year - - At 31 December 2023 - 80,649 NET BOOK VALUE At 31 December 2023 199,024 1 At 31 December 2022 199,024 1 |
ACTIVITIES Unrestricted fund £ 279,595 8,446 - 1,808 289,849 348,277 (5,206) (63,634) 5,421 (58,213) 233,176 174,963 Plant and machinery £ 99,625 2,079 101,704 89,866 7,546 97,412 4,292 9,759 |
Restricted fund £ - 120 16,275 - 16,395 16,275 - 120 (5,421) (5,301) 204,447 199,146 Computer equipment £ 18,776 1,624 20,400 18,631 172 18,803 1,597 145 |
Total funds £ 279,595 8,566 16,275 1,808 306,244 364,552 (5,206) (63,514) - (63,514) 437,623 374,109 Totals £ 398,075 3,703 401,778 189,146 7,718 196,864 204,914 208,929 |
|---|---|---|---|
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The Parish Church of St James Clitheroe
Notes to the Financial Statements - continued for the Year Ended 31 December 2023
6. FIXED ASSET INVESTMENTS
| 6. | FIXED ASSET INVESTMENTS | ||
|---|---|---|---|
| Unlisted | |||
| investments | |||
| £ | |||
| MARKET VALUE | |||
| At 1 January 2023 | 36,322 | ||
| Revaluations | 2,992 | ||
| At 31 December 2023 | 39,314 | ||
| NET BOOK VALUE | |||
| At 31 December 2023 | 39,314 | ||
| At 31 December 2022 | 36,322 | ||
| There were no investment assets outside the UK. | |||
| Cost or valuation at 31 December 2023 is represented by: | |||
| Unlisted | |||
| investments | |||
| £ | |||
| Valuation in 2020 and prior years | 13,281 | ||
| Valuation in 2021 | 1,278 | ||
| Valuation in 2022 | (5,206) | ||
| Valuation in 2023 | 2,992 | ||
| Cost | 26,969 | ||
| 39,314 | |||
| 7. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR | ||
| 31.12.23 | 31.12.22 |
||
| £ | £ | ||
| Income tax recoverable | 10,373 | 13,624 | |
| Prepayments | 9,443 | 7,637 | |
| 19,816 | 21,261 |
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The Parish Church of St James Clitheroe
Notes to the Financial Statements - continued for the Year Ended 31 December 2023
8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
| 31.12.23 | 31.12.22 | ||
|---|---|---|---|
| £ | £ | ||
| Taxation and social security | 2,028 | 2,526 | |
| Other creditors | 16,736 | 11,539 | |
| 18,764 | 14,065 | ||
| 9. | PROVISIONS FOR LIABILITIES | ||
| 31.12.23 | 31.12.22 | ||
| £ | £ | ||
| Provisions | 35,792 | 39,199 |
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The Parish Church of St James Clitheroe
Notes to the Financial Statements - continued for the Year Ended 31 December 2023
9. PROVISIONS FOR LIABILITIES - continued
| Quinquennial At 1 January 2023 Installation of door finger guardian Repairs to roofings and gutters Quinquennial expenditure provision At 31 December 2023 Mission Payment At 1 January 2023 Provision from CAP Transfer Good News For Everyone (Gideons) Christian Solidarity Worldwide A Rocha UK Open Doors Turi Micah Breakfast Project Charis Ministries The 180 Program Giving to Paraklesis Buckshaw Village Church Provision reversals Mission Tithe expenditure provision At 31 December 2023 Provision for CAP At 1 January 2023 CAP monthly contribution St Leonard's Church - CAP Burnley St Barth. PCC - CAP Blackburn Provision to Mission Giving Transfer CAP expenditure provision At 31 December 2023 Provision for KHC At 1 January 2023 KHC Wifi donations Mark Dyer Training fund Released to Held for KHC Provision from Mission Giving Transfer At 31 December 2023 |
£ 2,572 (140) (2,261) 3,000 3,171 £ 19,313 1,980 (1,000) (1,000) (119) (2,000) (1,000) (1,500) (3,000) (2,000) (3,000) (6,000) 17,640 20,314 £ 12,140 (2,640) (3,690) (3,690) (1,980) 11,460 11,600 £ 5,174 (1,000) (3,000) (3,467) 3,000 707 |
|---|---|
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The Parish Church of St James Clitheroe
Notes to the Financial Statements - continued for the Year Ended 31 December 2023
10. MOVEMENT IN FUNDS
Designated Funds
There are currently no designated funds held in unrestricted funds.
Restricted Fund
| Grants Lancaster Foundation - Youth Minister Paid as wages to Youth Minister Lancaster Foundation - CAP Worker Paid as wages to CAP Worker Benefact Grant - Stained Glass Window repair Gateway Trust - 1/2 Fire door replacement cost Fire door fitted last year |
£ 10,000 (10,000) 2,500 (2,500) 2,100 816 (816) 2,100 |
|---|---|
Grants received for the assistance of paying towards staff wages have been expended as such in the year, leaving no surplus restricted funds from these income streams.
The Gateway Trust Grant was to cover half of the costs of installing a fire door that was paid for last year.
The Benefact Grant has been received for the purposes of repairing damage to the northern stained glass window, expenditure for which is to to place in the next year.
£800 of a Grant from Lancashire County Council was not expended and so was returned to them.
Capital Projects Fundraising
| Capital Projects Fundraising 2023 Yard Clearance fundraising 2023 Yard Clearance costs St James/Seedles Yard Fundraising Capitalisation of architectural plans Capitalisation of yard purchase and fees Bank Funds Brought forwards Refund of Overpaid Grant LCC Expenditure towards 2023 Yard Clearance costs |
20 9,940 (9,940) 1,420 197,604 922 (800) (122) 201,124 |
|---|---|
Fundraising for the purposes of future general capital expenditure projects and for the clearance of St James Yard, previously known as "Seedles Yard", has taken place during the year.
The funds raised during the year were also completely expended during the clearance of the yard and demolition of the old building on the site, as well as any excess restricted funds held in the bank account from the previous year.
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The Parish Church of St James Clitheroe
Notes to the Financial Statements - continued for the Year Ended 31 December 2023
11. RELATED PARTY DISCLOSURES
There were no related party transactions for the year ended 31 December 2023.
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The Parish Church of St James Clitheroe
Detailed Statement of Financial Activities for the Year Ended 31 December 2023
| 31.12.23 | 31.12.22 | |
|---|---|---|
| £ | £ | |
| INCOME AND ENDOWMENTS | ||
| Donations and legacies | ||
| Covenanted Gifts | 219,067 | 208,690 |
| Other Donations | 11,170 | 12,082 |
| Bequests | - | 7,857 |
| Gifts in kind | 1,800 | - |
| Income Tax Recoverable | 53,108 | 50,966 |
| 285,145 | 279,595 | |
| Investment income | ||
| Other fixed asset invest - FII | 899 | 1,079 |
| Deposit account interest | 1,818 | 729 |
| 2,717 | 1,808 | |
| Charitable activities | ||
| Fees | 2,533 | 2,208 |
| Pastoral centre | 8,846 | 5,712 |
| Sundry income | 10,340 | 646 |
| Grants | 14,600 | 16,275 |
| 36,319 | 24,841 | |
| Total incoming resources | 324,181 | 306,244 |
| EXPENDITURE | ||
| Charitable activities | ||
| Church running expenses | 44,929 | 40,793 |
| Insurance | 2,958 | 2,748 |
| Church maintenance | 20,125 | 60,850 |
| Upkeep of services | 2,502 | 1,949 |
| Diocesan quota | 94,888 | 90,837 |
| Clergy expenses | 3,942 | 3,117 |
| Administrator | 3,530 | 3,024 |
| Support costs | 3,061 | 6,584 |
| Youth & childrens workers | 61,351 | 58,361 |
| Operations Manager | 30,111 | 28,362 |
| Quinquennial | 3,000 | 2,500 |
| Mission | 17,640 | 17,524 |
| Youth ministry | 6,044 | 5,817 |
| Children's ministry | 4,923 | 6,288 |
| Discretionary | 301 | 661 |
| CAP Workers | 6,465 | 9,051 |
| CAP ministry | 11,946 | 11,460 |
| Internships | - | 300 |
| Carried forward | 317,716 | 350,226 |
This page does not form part of the statutory financial statements
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The Parish Church of St James Clitheroe
Detailed Statement of Financial Activities for the Year Ended 31 December 2023
| 31.12.23 | 31.12.22 | |
|---|---|---|
| £ | £ | |
| Charitable activities | ||
| Brought forward | 317,716 | 350,226 |
| Outreach | 2,163 | 2,130 |
| Catering | 1,166 | 1,039 |
| Discipleship | 208 | (151) |
| Administration Costs | 6,259 | 8,446 |
| Subscriptions | 2,183 | 1,593 |
| Independent Examiners Fee | 1,020 | 936 |
| Bank and credit card charges | 665 | 333 |
| 331,380 | 364,552 | |
| Total resources expended | 331,380 | 364,552 |
| Net expenditure | (7,199) | (58,308) |
This page does not form part of the statutory financial statements
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