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← The Parochial Church Council Of The Ecclesiastical Parish Of Springfield, Diocese Of Chelmsford

2023-12-31-accounts

PAROCHIAL CHURCH COUNCIL REPORT FOR THE YEAR 2023

ALL SAINTS’ CHURCH SPRINGFIELD

“A friendly, welcoming church for everyone in the heart of the community”

1. Introduction

The Parochial Council of The Ecclesiastical Parish of Springfield, Diocese of Chelmsford, referred hereafter as All Saints’ Springfield is a corporate body established by the Church of England and registered with the Charity Commissioners, (Charity Registration Number: 1131427). The registered address is All Saints’ Church, Springfield, Springfield Green, Chelmsford, Essex, CM1 7HS. The address for correspondence is 4 Old School Field, Chelmsford, Essex, CM1 7HU.

The Parochial Church Council (PCC) has the responsibility of co-operating with the Rector to promote, in the ecclesiastical parish of All Saints’ Springfield, the whole mission of the Church, pastoral, evangelistic, social and ecumenical. It also has maintenance responsibilities for the All-Saints’ Church Centre buildings, part of the Burial Ground in Trinity Road, a Freehold property at 60 Chichester Drive and the internal decoration of the Rectory.

2. Objectives

The PCC is committed to serving the whole Springfield parish community, and to welcoming as many people as possible to become part of the church community at All Saints’ and to worship at All Saints’ Church.

The PCC maintains an overview of worship and makes suggestions on how work in God’s mission can involve the many groups that live within our parish. Our services and worship put faith into practice through prayer and scripture, music and sacrament.

When planning our activities for the year, the Rector and the PCC have considered the Commission’s guidance on public benefit and the specific guidance on charities for the advancement of religion. We try to enable ordinary people to live out their faith through developing their knowledge and trust in Jesus; caring for other people; helping people who are in need; and actively serving the community.

We make provision for pastoral care to people living in the parish, those on the Church Electoral Roll outside the parish, and conduct mission work in the local community. In support of this we make extensive use of our church and church centre and maintain the buildings.

3. Parochial Parish Council

3.1. Membership

Members of the PCC are either ex officio (e.g., clergy, readers, churchwardens or synod members), representatives of the laity elected by the Annual Parochial Church Meeting (APCM) in accordance with the Church Representation Rules, or people co-opted by the PCC for special reasons.

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PAROCHIAL CHURCH COUNCIL REPORT FOR THE YEAR 2023

During the year 2023 the following served as members of the PCC:

RECTOR and CHAIRMAN Revd Sally Croft (installed October 2023) LICENSED LAY MINISTER Roger McFarland (retired November 2023)) CHURCHWARDENS: Nicola Howard (until 2024) DEANERY SYNOD MEMBER Ian Poston (also Treasurer) (until 2026) Robin Stevens (until 2026) ELECTED MEMBERS: Dave Gauld (until 2024) Gregory Potts (until 2024) Jan Penney (until 2024) Nick Milbank (resigned July 2023) Paula Hiett (until 2025) (PCC Secretary) Carol Leverett (until 2025) Barbara Garside (until 2025) (Vice-Chair PCC) Ben Alder (until 2026) Sue Chorley (until 2026) Shirley Duggen (until 2026) Peter Downes (also Electoral Roll Officer (until 2026) Jack Spencer (elected member until April 2023 then CO-OPTED: co-opted May 2023) Sally Hatt (November 2023) ELECTED MEMBERS UNTIL APRIL 2023: Sally Brown Nicola Morecroft

3.2 PCC Officers

PCC Officers, not being members of the PCC, included the following: Planned Giving Recorders: Tim and Angela Pearce Architect: Philippa Reed of Barker Associates

3.3 Independent Examiner

Pauline Montague has been appointed to conduct an independent examination of the accounts and accounting records.

3.4 Committees

The PCC operates through a number of committees that meet between full meetings of the PCC so that members of the congregation with particular interest or expertise might have an opportunity to contribute to a broadened discussion and decisions.

3.4.1 Standing Committee

This is the only committee required by law. It has power to transact business of the PCC between its meetings, subject to any directions given by the Council. The members of the Committee are the Rector, Churchwarden(s), PCC Secretary, Treasurer, Chair of the Finance Committee and Chair of Fabric Committee.

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PAROCHIAL CHURCH COUNCIL REPORT FOR THE YEAR 2023

3.4.2 Finance Committee

Oversees the general financial dimension of the work of All Saints' by monitoring income and expenditure, budgeting, and coordinating Christian Stewardship of money through planned giving. It met twice during the year.

3.4.3 Fabric Committee

Attends to matters relating to the stewardship of the church buildings and fabric, the churchyards, the Rectory and the house at 60 Chichester Drive, currently rented out. No formal meetings were held during the year, business being dealt with virtually.

3.4.4 Social Committee

Co-ordinates our catering and social activities and events. It did not meet formally during the year, but activities were arranged virtually.

4 Church Attendance

During 2023 we resumed our usual pattern of worship. Recordings of Sunday morning worship continue to be shared on YouTube supporting our mission of engaging with our wider congregation.

At the beginning of 2023, electoral roll membership was 185 (2022:185). The number of worshippers in attendance (in church or having viewed on-line) at Sunday services averaged out at 87 (2022:86) adults and 20 (2022:13) children (under years 16) each Sunday during the year, and 27 (2022:20) adults and 17 (2022:11) children attended midweek services.

62 (2022:94) adults and 22 (2022:17) children attended church in person on Easter Day. It is also estimated that some 50 (2022:33) worshippers viewed the on-line service on Easter Day.

107 (2022:79) children under 16 and 163 (2022:145) adults attended the Crib Service and 15 (2022:17) children and 133 (2022:86) adults attended the Carol Service on Christmas Eve. The Midnight Communion Service was attended by 3 children (2022:3) and 67 adults (2022:71). Christmas Day Holy Communion was attended by 14 children (2022:5) and 68 adults (2022:48).

12 (2022:22) infants and children and 0 (2022:0) adults were baptised in 2023. 4 (2022:7) couples were married, 8 (2022:6) funeral services were held in church. A further 17 (2022:19) funeral services were conducted at the crematorium on behalf of the parish of All Saints’ Springfield during the year.

5 Review of the year 2023

5.1 Proceedings of the PCC.

The full PCC met 6 times during the year. Membership started the year with 14 members increasing to 16 members in April 2023 following the Annual Parochial Church meeting and to 15 members in July 2023 following the resignation of one member but increased to 16 in November 2023 following co-option of one member. An average attendance of 9 members at meetings was achieved. During 2023 meetings were held in person in the church centre.

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PAROCHIAL CHURCH COUNCIL REPORT FOR THE YEAR 2023

The PCC and its committees met regularly to debate and agree actions concerning the worship and pastoral activities of the church. The PCC has complied with the duty under section 5 of the Safeguarding and Clergy Discipline Measure 2016 (duty to have regard to House of Bishops’ guidance on safeguarding children and vulnerable adults). Safeguarding is always on the PCC agenda as is our progress as an Eco Church. During the year, the work of the PCC included: -

5.2 Church Activities during the year

5.2.1 Worship and Prayer

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PAROCHIAL CHURCH COUNCIL REPORT FOR THE YEAR 2023

attendees. An average of 19 (2022:18) adults and 14 (2022:12) children attend these services. The service is designed with both children and adults in mind and takes place every Sunday, in parallel with the traditional church service at 10.30am, except once a month when an all-age service is held in the church. Sunday Special Eucharist is usually offered during the third Sunday worship.

5.2.2 Music and Mission

5.2.3 Pastoral Care

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PAROCHIAL CHURCH COUNCIL REPORT FOR THE YEAR 2023

5.2.4 Mission and Evangelism

5.2.5 Work with Children and Young People

Work with Children at All Saints continued during 2023 with: -

5.2.6 Eco Church

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PAROCHIAL CHURCH COUNCIL REPORT FOR THE YEAR 2023

5.2.7 Community Events

5.2.8 Church and Church Centre

5.2.9 Church Relationships

5.2.10 Ecumenical Relationships

5.2.11 Parish Organisations

5.2.12 Role of Parish Administrator

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PAROCHIAL CHURCH COUNCIL REPORT FOR THE YEAR 2023

those events and liaising with the treasurer to make sure the invoices are paid. The administrator’s contract and duties will be reviewed annually.

5.2.11 Role of Volunteers

5.2 Financial Highlights of 2023 ( in round figures )

5.3.1 Giving & Income.

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PAROCHIAL CHURCH COUNCIL REPORT FOR THE YEAR 2023

5.3.2 What we spent.

5.3.3 Charitable giving

5.3.4 And this resulted in…

5.3.5 Church Estate

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PAROCHIAL CHURCH COUNCIL REPORT FOR THE YEAR 2023

6.0 Statutory Accounts

Approved on behalf of the Parochial Church Council

………………………………………………….. Chairman Revd Sally Croft ………………………………………………….. Secretary Date: 13th March 2024 Paula Hiett

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ALL SAINTS' CHURCH, SPRINGFIELD PCC

FINANCIAL STATEMENTS

31st December 2023

Registered Charity no. 1131427

Bankers Barclays Bank plc

40-41 High Street, Chelmsford CM1 1BE

Independent Pauline Montague FCCA (Ret'd) Examiner 208 Chignal Road Chelmsford CM1 4SS

ALL SAINTS' CHURCH, SPRINGFIELD PCC

YEAR ENDED 31 DECEMBER 2023

CONTENTS

PCC Financial Responsibilities 1
Accounting Policies 2
Accounting Policies (continued) 3
Statement of Financial Activities 2023 4
Balance Sheet and Accountancy Report, 31st December 2023 5
Notes to Statement of Financial Activities 6
Notes to Statement of Financial Activities (continued) 7
Notes to Statement of Financial Activities (continued) 8
Notes to Balance Sheet 9
Notes to Balance Sheet (continued) 10
Notes to Balance Sheet (continued) 11
Independent Examiner's Report 12

ALL SAINTS' CHURCH, SPRINGFIELD PCC

YEAR ENDED 31 DECEMBER 2023

PCC FINANCIAL RESPONSIBILITIES

The financial statements must be prepared in accordance with the Statement of Recommended Accounting Practice: Accounting and Reporting by Charities [SORP (FRS 102)], UK Accounting Standards and the Charities Acts 2011 and 2022. The requirements include the preparation of financial statements for each financial year consisting of a statement of Financial Activities (SOFA) for the financial year and a Balance Sheet at the financial year end together with explanatory notes. In preparing these financial statements the PCC must see that:-

suitable accounting policies are selected and agreed and are applied consistently,

any estimates included are reasonable and prudent.

The PCC are therefore responsible for keeping proper accounting records, which disclose with reasonable accuracy at any time the financial position of the PCC and to enable them to ensure that the financial statements will comply with the requirements of the guidance notes published by the Church of England.

During 2019 with the permission from the Charity Commissioners, the assets of the Church Estate (Charity number 227437) were transfered to the PCC. The Church Estate charity was closed in 2020. The PCC now holds this permanent endowment, and will continue to use the income from the transferred assets for the original purpose, which is for the use and repair of the church or the poor of the parish.

As competent trustees the PCC should safeguard any assets acquired and take any reasonable steps for the prevention and detection of fraud and other irregularities.

The effects of the coronavirus pandemic have continued to affect income for the PCC, however, they are moving closer to pre-pandemic levels. Planned Giving levels are slowly declining due to the aging congregation but income from the use of the church centre continues to improve not yet returning to pre-COVID levels. Fundraising events have been held but these are smaller than previously. Some people have continued to make donations in lieu of church collections or fundraising events, and this has greatly helped. This combined with a lower Parish Share request, it being based on a half time Minister, enabled us to pay our full share. Utility costs, particularly gas, have continued to increase during the year.

Charitable giving has increased significantly over 2022 and is much closer to pre-pandemic levels. Most of our usual donations are made through collections at services eg Remembrance Sunday and at Christmas.

The PCC are required to prepare the financial statements, and to provide any independent examiners with every opportunity to take whatever steps - and undertake whatever examinations - they consider to be appropriate for the purpose of enabling them to give their examination report.

Financial information contained in the annual report of the PCC must be consistent with these financial statements.

The PCC consider that they have met their responsibilities as set out in this statement.

Page 1 of 12

ALL SAINTS' CHURCH, SPRINGFIELD PCC

YEAR ENDED 31 DECEMBER 2023

ACCOUNTING POLICIES

Accounting convention

The financial statements are prepared on an accruals basis under the historical cost convention and in accordance with the applicable accounting standard, Statement of Recommended Accounting Practice (Charities SORP FRS102), UK Accounting Standards and the Charities Act 2011. The accounts do not include the financial activities of any church organisation not directly controlled by the Parochial Church Council. (PCC).

Income recognition

Income from giving, donations, grants, bequests etc., is taken into account on the basis of cash receipts. No account is taken of future contributions under “gift aid”; any contributions paid in advance are carried forward to the period when actually due.

No valuation is placed upon services given free of charge.

Income tax recoverable on gift aid donations is accounted for as claimed for the twelve months up to the thirty first of December in each year.

Investment gains and losses

These include any realised gains or losses on the sales of investments and unrealised gain or loss on revaluing investments held at the end of the year.

Liability recognition

Liabilities are recognised where it is more likely than not that an obligation exists to commit resources, and the amount can be reasonably measured.

Reserves

Transfer of assets from Church Estate including a Permanent Endowment

The transfer comprised 2807.35 units of Charities Official Investment Fund Income Shares This is made up of 2118.22 units in the permanent endowment and 689.13 units in the restricted fund. The shares are valued at mid market value at the year end.

Restricted funds

All monies receivable subject to a specific requirement in spending are credited into the restricted funds, which are individually denoted as specified. These may be either of a capital or income nature.

Unrestricted funds

All other monies are held for general purposes and classed as unrestricted funds, some of which may be designated for a specific purpose by the PCC. The PCC strives to pay the Parish Share in full if possible, but retains a sum in the region of one month's ordinary expenses including Parish Share in the General Fund to support timing differences in cash flow.

Within restricted and unrestricted funds there is a separate investment by the PCC with the CBF Church of England Deposit Fund. Interest received is apportioned on a quarterly balance basis to the individual funds.

Page 2 of 12

ALL SAINTS' CHURCH, SPRINGFIELD PCC

YEAR ENDED 31 DECEMBER 2023

ACCOUNTING POLICIES (continued)

Assets

Freehold property is capitalised at cost and was originally purchased for the housing of a Curate. As such it is regarded as a long term investment, but has not been re-valued. Under prevailing property market conditions, it is not depreciated. All property is kept under full repair. The property has been let to tenants on a long term basis. The rent is periodically assessed for fairness by the local Rent Officer, and is reviewed annually by the PCC.

Furniture, fittings and equipment items purchased from the General Fund and costing in excess of £1,000, are capitalised and depreciated on a straight line basis over the next four years. Items costing less than £1,000 are written off to the general income and expenditure account in the year of purchase unless forming part of a major refurbishment. Assets purchased from a 'Restricted' Fund are written off to that fund in the year of purchase.

NOTES

Property

Any freehold property owned by the PCC is vested in the Chelmsford Diocesan Board of Finance as custodian trustee with a declaration that it has been acquired by the PCC for a special purpose.

Taxation

As a charity the church is not liable for corporation tax. However, it has no VAT status and must bear this tax as charged.

Charity Status

All Saints' Church is a 'registered' charity with the Charity Commission. Register number 1131427. This was due to the total annual income of the church being at that time in excess of £100,000. The accrual accounting basis is still applied, despite the limit being raised to £250,000.

Page 3 of 12

ALL SAINTS' CHURCH, SPRINGFIELD PCC

YEAR ENDED 31 DECEMBER 2023 STATEMENT OF FINANCIAL ACTIVITIES

Notes
INCOME AND ENDOWMENTS FROM
Donations and Legacies
Planned Giving etc
Income tax recovered
Collection bags
Legacies /In memorium
Donations
Charitable donations
5
Grants
1
Sundry receipts
Charitable activities
Fees
Use of church centre
Magazine Income
2
Other trading activities
Fundraising

Investments
Property income
Interest and dividends
3
TOTAL INCOMING RESOURCES
includes income from Easyfundraising
EXPENDITURE ON
Charitable activities
Parish Share
4
Giving to charity and worthy causes
5
Church expenditure
6
Clergy expenditure
7
Raising funds
Other
Organ Refurbishment
Property expenses
8
TOTAL RESOURCES EXPENDED
Net income before investment gains/(losses)
Unrealised gains/(losses) on investments
12&16
NET MOVEMENT IN FUNDS
Funds brought forward at 01.01.23
Prior Year adjustment
Funds carried forward at 31.12.23		 Unrestricted
£
64,126
18,302
3,883
8,769
11,840
-
1,103
1,858
2,972
10,105
2,116
1,491
11,580
2,325
140,470
66,737
523
51,443
314
115
-
1,259
120,391
20,079
-
20,079
60,528
80,607		 Restricted
Permanent
Endowment
£
£
-
375
-
-
1,530
4,134
470
3,339
-
-
-
100
-
3,349
13,297
-
-
4,234
3,332
-
-
-
-
7,566
-
5,731
-
1,151
3,538
6,882
3,538
83,265
38,498
90,147
42,036
2023		 Total
£
64,126
18,677
3,883
8,769
13,370
4,134
1,573
5,197
2,972
10,105
2,116
1,591
11,580
5,674
153,767
66,737
4,757
54,775
314
115
-
1,259
127,957
25,810
4,689
30,499
182,291
212,790		 2022
Total
£
71,203
18,497
2,480
-
7,489
2,030
8,360
2,465
4,559
8,123
2,653
4,885
11,260
2,623
146,627
90,000
2,273
33,147
942
552
34,978
773
162,665
(16,038)
(6,714)
(22,752)
205,043
-
182,291

Movement (including transfers) in individual funds is summarised on page 11

Page 4 of 12

ALL SAINTS' CHURCH, SPRINGFIELD PCC

YEAR ENDED 31 DECEMBER 2023

BALANCE SHEET

Note
Fixed assets
Freehold Property
60 Chichester Drive
10
Equipment, NBV
11
Investments
12
Total fixed assets
Current assets
Debtors & prepayments
13
Investments
12
Bank and Cash
Central Board of Finance
Bank Deposit accounts
Bank Current accounts
Cash in hand
Total current assets
Less current liabilities
Creditors
14
Net current assets
Total assets less current liabilities
Parish funds
Unrestricted Funds
16
Restricted Funds
16
Permanent Endowment
12
Total funds		 Unrestricted
£
-
-
-
-
3,199
-
44,977
37,349
(1,705)
156
83,976
3,369
80,607
80,607		 Restricted
Permanent
Endowment
£
£
31,030
-
-
-
-
42,036
31,030
42,036
375
13,676
42,304
2,490
-
272
59,117
-
59,117
90,147
42,036
2023		 Total
£
31,030
-
42,036
73,066
3,574
13,676
87,281
39,839
(1,705)
428
143,093
3,369
139,724
212,790		 2022
Total
£
31,030
675
38,498
70,203
6,518
12,525
79,842
48,650
(20,061)
154
127,628
15,540
112,088
182,291
60,528
83,265
38,498
182,291
80,607
90,147
42,036
212,790

Note: Contractual and contingent liabilities on the above funds are shown in note 15 to the Balance Sheet on page 10

Approved by the PCC on 13 March 2024 and signed on their behalf

Sally Croft

Chairman

Revd Sally Croft

I W Poston

Treasurer

I W Poston

Page 5 of 12

ALL SAINTS' CHURCH, SPRINGFIELD PCC

YEAR ENDED 31 DECEMBER 2023

NOTES TO STATEMENT OF FINANCIAL ACTIVITIES

1 'GREAT ORGAN FIX' APPEAL
Income
(funds included inRestrictedincome)
- Bank interest
- Grants
Expenditure on refurbishment
- restricted
- designated
- unrestricted
 Final cost is £78,268 inc. VAT
OTHER GRANTS
Essex Assoc' of Local Councils - Winter Warmer
- unrestricted
Diocesan Grant for Energy costs
- unrestricted
Chelmsford City Council - Churchyard maintenance
- restricted
2 MAGAZINE ACCOUNT
Income
- Sales
- Advertisements
Expenditure
- Printing etc
Surplus
3 INVESTMENT INCOME
Dividends
- restricted
Interest
- unrestricted
- restricted
4 PARISH SHARE
Total Costs of Ministry
Mission Support Grant allocation
Support for other parishes within the NCMMP
1% discount for paying in full by Direct Debit
Fee Credits deducted (discontinued)
Parish Share Allocation
Parish Share paid
Shortfall		 2023
£
-
-
-
-
-
-
-
343
760
470
1,212
904
2,116
910
1,206
1,529
2,325
1,820
5,674		 2022
£
13
7,638
7,651
23,752
8,525
2,701
34,978
252
-
470
1,369
1,284
2,653
1,063
1,590
1,524
613
486
2,623
73,686
(6,274)
-
(675)
-
66,737
66,737
-		 88,890
-
2,577
-
(1,467)
90,000
90,000
-

Under the Diocesan system for Parish Share, a parish is allocated their Total Costs of Ministry (TCM) which includes other elements apart from the costs of a stipendiary eg selecting and training curates, diocesan services to parishes, and contributions to the national church. There were further changes to the calcualtion process in 2023.

Page 6 of 12

ALL SAINTS' CHURCH, SPRINGFIELD PCC

YEAR ENDED 31 DECEMBER 2023

NOTES TO STATEMENT OF FINANCIAL ACTIVITIES

5 PARISH GIVING
Home missions and church societies
Angel Tree Project
Bishop's Discretionary Fund
Bishop's School Governors Fund
Children's Society
Christians Together in Chelmsford
Church Army
Friends of Chelmsford Cathedral
YMCA Essex
Church missions overseas
Church Mission Society
Embrace the Middle East
Tearfund
Secular charities
A Rocha UK
Chelmsford CHESS
Chelmsford Foodbank
Fairtrade
Macmillan Cancer Support
Royal British Legion Poppy Appeal
Mission to Seafarers		 Unrestricted
Restricted
PCC
Collection
Giving
Giving
£
£
-
283
-
492
200
-
-
518
100
-
-
197
25
-
-
253
325
1,743
-
643
-
386
180
-
180
1,029
-
163
-
225
-
189
-
100
-
525
18
260
-
-
18
1,462
2023		 Unrestricted
Restricted
PCC
Collection
Giving
Giving
£
£
-
283
-
492
200
-
-
518
100
-
-
197
25
-
-
253
325
1,743
-
643
-
386
180
-
180
1,029
-
163
-
225
-
189
-
100
-
525
18
260
-
-
18
1,462
2023		 Unrestricted
Restricted
PCC
Collection
Giving
Giving
£
£
-
301
-
-
200
-
-
-
-
-
-
93
25
-
-
262
225
656
-
573
-
259
-
-
-
832
-
108
-
134
-
10
-
-
-
-
18
203
-
86
18
541
2022		 Unrestricted
Restricted
PCC
Collection
Giving
Giving
£
£
-
301
-
-
200
-
-
-
-
-
-
93
25
-
-
262
225
656
-
573
-
259
-
-
-
832
-
108
-
134
-
10
-
-
-
-
18
203
-
86
18
541
2022
SUBTOTAL 523 4,234 243 2,029
Giving by Organisations responsible to the PCC
TOTAL		 -
523		 260
4,494		 -
243		 30
2,059

Overall total of giving - 2023 5,017 Overall total of giving - 2022 2,302

Page 7 of 12

ALL SAINTS' CHURCH, SPRINGFIELD PCC

YEAR ENDED 31 DECEMBER 2023

NOTES TO STATEMENT OF FINANCIAL ACTIVITIES (continued)

6 CHURCH EXPENSES

----- Start of picture text -----
2023 2022
Unrestricted Restricted Total
Note £ £ £ £
Services and ancillary functions
Organist and choir 9 4,828 - 4,828 4,719
Services and altar requisites 1,217 75 1,292 1,144
Training and mission 986 - 986 938
7,031 75 7,106 6,801
Church Buildings etc
Gardens etc 1,635 394 2,029 1,991
-
Heat and light 7,395 7,395 6,956
Insurance 2,799 - 2,799 2,662
-
Repairs and maintenance 18,156 18,156 2,424
Equipment and depreciation 675 - 675 1,554
-
Church Centre cleaning and consumables 2,785 2,785 2,402
33,445 394 33,839 17,989
Administration
Parish office and admin 8,281 - 8,281 3,636
-
Subscriptions, fees and licences 1,158 1,158 1,184
Sundry expenses 618 2,863 3,481 2,474
Magazine costs 2 910 - 910 1,063
10,967 2,863 13,830 8,357
Total Church Expenses 51,443 3,332 54,775 33,147
includes a Gift to Independent Examiner
7 CLERGY EXPENSES
Contribution to books, robes, travel etc. 314 - 314 942
314 - 314 942
8 PROPERTY EXPENSES
Repairs and maintenance 865 - 865 410
Insurance 394 - 394 363
1,259 - 1,259 773
----- End of picture text -----*

*Includes Rectory expenses during interregnum - £430 (2022 £0)

9 RELATED PARTIES

Payments were only made to members of the PCC, or a closely related family member, to enable them to fulfill their approved duties and on submission of a duly authorised invoice or expense claim with receipts. Fees for invoiced services were paid to the assistant church organist £240 (2022 £200)

Page 8 of 12

ALL SAINTS' CHURCH, SPRINGFIELD PCC

YEAR ENDED 31 DECEMBER 2023

NOTES TO BALANCE SHEET

10 FREEHOLD PROPERTY
60 Chichester Drive at cost
(Insured rebuilding value at 09.06.23 £324,333)
11 CHURCH EQUIPMENT
Assets purchased at cost, 01.01.23
Additions in the year
Disposals of assets, fully depreciated
Assets at cost, 31.12.23
Accumulated depreciation, 01.01.23
Depreciation for the year
Depreciation on disposals
Accumulated depreciation, 31.12.23
Net Assets at 01.01.23
Net Assets at 31.12.23
12 INVESTMENTS
Charities Official Investment Fund Income Shares
Units
Mid Market Price on 31 Dec 2023
Market Value
Opening Market Value
Closing Market Value
Unrealised Gain/(loss)		 2023
£
31,030
10,186
-
-
10,186
9,511
675
-
10,186
675
-
Restricted
Funds
Permanent
Endowment
689.13
2118.22
1984.5p
1984.5p
13,676
£
42,036
£
12,525
38,498
13,676
42,036
1,151
£
3,538
£
2023		 2022
£
31,030
10,186
-
-
10,186
8,834
677
-
9,511
1,352
675
Restricted
Funds
Permanent
Endowment
689.13
2,118.22
1817.49p
1817.49p
12,525
£
38,498
£
14,173
43,564
12,525
38,498
(1,648)
£
(5,066)
£
2022

Page 9 of 12

ALL SAINTS' CHURCH, SPRINGFIELD PCC

YEAR ENDED 31 DECEMBER 2023

NOTES TO BALANCE SHEET

13 DEBTORS & PREPAYMENTS
Income tax recoverable
Other debtors
Prepaid utilities and copyright license
14 CREDITORS
Falling due within one year
Accruals for utilities and other costs
Income received in advance
Other Creditors (2022 including Organ final
Payment)		 Unrestricted
Restricted
Total
£
£
£
2,394
375
2,769
30
-
30
775
-
775
3,199
375
3,574
3,101
-
3,101
268
-
268
-
-
-
3,369
-
3,369
2023		 2022
£
1,805
3,802
911
6,518
3,011
667
11,862
15,540

15 CONTRACTUAL AND CONTINGENT LIABILITIES

There were no contractual or contingent liabilities at the balance sheet date.

Page 10 of 12

ALL SAINTS' CHURCH, SPRINGFIELD PCC

YEAR ENDED 31 DECEMBER 2023

NOTES TO BALANCE SHEET (continued)

16 MOVEMENT IN FUNDS

Main funds - Unrestricted

PCC Controlled
Church and Church Centre fabric repairs
Church furnishing / renewals
Organ fund
ECO Fund
Rectory dilapidations
Freehold property dilapidations
In Memorium
Copper Club
Social Committee
Discovery courses
General Income and Expenditure Account
Main Funds - Restricted
PCC Controlled
Freehold house
Parish Giving
Church fabric repairs
Church and Church Centre Fabric
Church fabric repairs or poor of the parish (from CET)
Church furnishing renewals
Churchyard upkeep
Mission projects / events
Music / Books replacement
Organ fund
Transport to clubs
PCC Responsibility
Boys' Brigade
Church flower fund
Luncheon club
Women's Fellowship
 Resources
Arising
£
554
9,171
109
309
438
198
22
21
4
129,644
140,470
-
4,234
880
1,942		 Transfers
£
17,000
-
-
-
-
-
-
-
-
-
(17,000)
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-		 Prior Year
Adjustment
£
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-		 Resources
Used
£
-
8,573
220
-
-
-
-
-
-
111,598
120,391
-
4,234
-
-
-
-		 Movements
in Year (net)
£
17,554
598
-
(111)
309
438
198
22
21
4
1,046
20,079
-
-
880
1,942
3,241
75
91
215
-
-
6
269
(27)
-
190
6,882		 Balance
b/forward
£
15,847
7,270
-
501
6,725
9,541
4,311
506
1,345
322
14,160
60,528
31,030
-
18,694
-
24,306
1,668
340
4,765
-
-
130
1,738
79
50
465
83,265		 Balance
c/forward
£
33,401
7,868
-
390
7,034
9,979
4,509
528
1,366
326
15,206
80,607
31,030
-
19,574
1,942
27,547
1,743
431
4,980
-
-
136
2,007
52
50
655
3,241
75
485
215
-
-
6
1,934
655
-
781
394
-
-
-
-
1,665
682
-
591
7,566
14,448 90,147

Fund Notes

The assets supporting the above funds are detailed in the Balance Sheet, page 5.

The PCC Responsibility shows subsidiary funds for which the PCC has ultimate responsibility. Their Resources Arising are included in the SoFA (page 4) under Sundry Receipts (Restricted) and their Resources Used are included in Sundry Expenses (Restricted) within Church Expenses (Note 6 page 8).

The Balances for the Church fabric repairs or poor of the parish (from CET) fund include investments and the unrealised gains and losses on investments as detailed in Note 12. The movements in value are included in the Resources Arising (Gains) and Resources Used (Losses) as appropriate.

Page 11 of 12

ALL SAINTS' CHURCH, SPRINGFIELD PCC

YEAR ENDED 31 DECEMBER 2023

INDEPENDENT EXAMINER'S REPORT

I report on the accounts of the PCC for the year ended 31 December 2023, which are set out on pages 1 to 11, and in the attached PCC report on pages 1 to 10.

Respective responsibilities of the PCC and the Examiner

The charity's trustees consider that an audit is not required for this year under section 144(2) of the Charities Act 2011 (the 2011 Act) and that an Independent Examination is needed. It is my responsibility to :

Basis of Independent Examiner's Statement

My examination was carried out in accordance with the General Directions given by the Charity Commission. An examination includes a review of the accounting records kept by the charity and a comparison of the accounts presented with those records. It also includes considering any unusual items or disclosure in the accounts, and seeking explanations from the management committee concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in a full audit, and consequently I do not express an opinion on the accounts.

Independent Examiner's Statement

In connection with my examination, no matter has come to my attention:

- to prepare accounts which accord with the accounting records have not been met; or (2) to which, in my opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached.

Signed P Montague

dated 18th March 2024

Pauline Montague FCCA (ret'd) 208 Chignal Road Chelmsford CM1 4SS

Page 12 of 12

ALL SAINTS. CHURCH, SPRINGFIELD PCC YEAR ENDED 31 DECEMBER 2023 INDEPENDENT EXAMINER'S REPORT I rekY)rt M the accwnt$ olthe PCC tr the >tar ended 31 Decwnber 2023. thi¢h ¥e set cut Jes 1 to 11, aTrJ in the attacw PCC repcrt on p&)es 1 b) 10. Re8pectr¥e regpon8ibilitieg of the PCC &Thd the Examinef The charrtys trustees consKkr that an a￿Irt is n( rewired forthis uThYer sectM￿ 144121 of the Charrts Act 2011 {tr 2011 Adl and that an I￿nt Exammatth is neede(J. tt i8 my resports1￿"1lty to '. . Examine Ihe acccths uKler 8ectJn 145 of the 2011 ACL - Foluw the procedures laid in ts genvd directs￿5 gwen by the Charty Ccffimissw)ners under 9ectM 14gSKbl ol the 3Jl l ACL. and - SLite hether particL4ar matters habE c(ne to my atteniKffi. Ba616 of Independent ExarniTrerfs Statement My exarnmat￿ wa$ car￿ ¢)ut in o¢c￿d￿n¢e Dve¢b.(￿ts given by Chat cc¥nmi￿￿. An examinatson incknjes a review of the accounb.ng records kept by the charty ¢ffiiparitth of the acCo￿ts tyesenled vnth tIKxe rewd$. It Jso in¢hKles ¢on$Klering unusud rtems or di8cbsure in Ihe accounts. and seeking exF4anatson8 from the management )mmrttee cwceming any Suth mattefs. The ￿￿edureS UrKI￿￿ke￿ (k) rK)t prv¥Kle JI the e¥wJence that L reqwed in a t(w￿Y I do n(￿ exF¥e88 an (vri￿ the accounts. Fendent Examinerfs Slatemenl In c(￿r￿￿On Mth my exwninatKffj, no has c(Yne to my attentKffl: (11 which gves me rea￿able c&Be lo belEve that in [nateri￿ respect the requirements - to keep a¢¢ounting in a¢¢<dan¢e with se¢tK>n 130 of the 2011 Aet", or . to wepare accwnts which aCcr￿d vmh the accwnts'TrJ rec(￿ have Th)t been c 121 to vthKh. in my OKMniM, attenbm $h￿d be (¥dw to en#￿ 8 ￿¢￿er Und￿ta￿l￿g of the accounts lo be reached. dated 18th 2024 Pauline ￿n￿gue FCCA lrfdl 208 Chthjnal Ro& c￿rnsf(￿￿ CM1 4SS