2023-12-31-accounts

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(Charity numbtt 1131647)

Annual Report of the Parochlal Church Counal for 2023 we fonwj into a Team Mw¥stry ￿ pas￿ in 1979. (hurd￿, & Alphe9e, St Helen¥ St lfjchwffs, are WNerrd by Distrkt thurth Councls ([￿ts> to tre PCC has tS•e43tsd mary 01 ts fuftctK￿, The KC reknr6 re5Pxd￿Wty for reser¢ed matters I￿11￿31 those of a parish-wide Mture. The r(ks the procee rf the KC are set OLÉ n the Ch(K Re[￿e5￿￿ Rules th(.& same ath, a5 far as rnty btr, trj tr* C£ts. trardng rrth arKI staly. 11 itso certain rea￿lbI￿tie5 f(Y eath of the thxdt5 Y￿¢h￿ the parth, ard ots rnaix furxl as the ￿Ner Bir(l HaN ènd St ASthege

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finandal atements for fir￿n¢la1 yw wkthch a tnx atvj fak th d the state d affalrs In the flnarthl statffnents trL&ees of the PCC are requlred to: 2015 (￿s 102); Dtslykt Chwcti (DCCS) of St Awego, St Hth's St fvfthael's to ¥h¥th p￿ t5 eleclrY rc41 ccmw&"rs: . St AlplvJe'5 Se((xt: 330 (2021. 3x1) 78 (2022: 83)

LL.• great of 2023 is ttwt vft ￿ a ￿ PrIeSt￿ (Redty Dtsgth). The R•Yl Parktr wa% [r￿d In tr#$ role in a wonderful servKe & St Althe SeptArktr 2023. Hès title fr(Yn the fxt thèt • r￿1¥ al the le9al uctyre of the Partsh is <• in pr(4re IM t Is twed and Inivthl that at c¢ that prc(ess he be u&aled a5 Rth of SD[1Th￿l. rknistw (vthThJ in c(nrnur¥ty have cMtin{￿I to pewte (l w Projett wogressed the aim of M￿lmI$l[￿j the QXFYrnJniy ￿efft c( our tvK) rnain fvical a￿ts. st Alphege CIxTth the ofNer 8¢rd HalL To this PJVJ, feasibdity uthes arKI InEO•l ycwsals hJve been recffil In 2023. ¥Yth the f4 tarytbte r a rth I￿tr￿j 9)kn, Io be instaAed kn St Ctmrth in ts 9rn of 2024. Fln•nc4•1 Report •f the Parochlal Church Council for 2023 In 2023 total funds rose £180,922 from £3,750.644 to £3,931,566 ￿ thereby ochleved partlal recovery in the 2022 fall from 2021's total of £4.072.073. Wkn1e thfs Is ? very satisfactory result it was helped by some peculiar v4ents. Of prfme importan¢¢, the Guardiafts (a separntety r¢9iStered charlty) contributed £124,800 in the year to offset the cost of the major repalN The repair programme as defir￿ in 2022 is no¥v complete and the Guardian5 grants for these ￿paIrS. Indudlng those recefved after 31-Dec-2023, wlll exceed £225.0fy). The PCC is extremely gra￿ful to the Guardlans for their yjpport and recognises that wlthout It the repalrs could not have been carried out. The resiAts atso bEnefiited from a revival in the stock market& In 2022 the capltal value of the Parlsh's investrnents recorded a k•ss £(293A49) but in 2023 the Investft￿nts athleved piial galn of £190,325. Removing from the totsl these plus the legacy Income (É18,621}, VAT recovery and otlier grants {£32.651) and adding back the major repairs (£140.596) reveaEs that the ParFsh lost £(44.879) on its day"to-wn. there are signlncarstly f￿￿er weddln9S and fU￿ra1$, the hirers of our church ￿115 have been 5foTV to fesume their a£rivlUes, and workl￿from.1￿ffte has reduced the demand fty places In our Pr&Schod. The 2023 operating Ioss Joins a hlstory of such losses. Thwe are two maiDr cofttrlbutors to ¢over,ng thls l¢>ss: St Atphege Thurch and the St FrancÈs Parish Fund (which covers the expenses of the Parish, suth as the Piofwr Minister, vknSch are not Jttrlbutable to any other part of the Parlth). The desire to invest ln ministry and bulldings puts significant pressure on the reserves held by kxxh. The parlsh therefore faces signiflcant strategic declslons re9•rding thelr future use and thls In turn may affect our abllty to subsidise suth operating losses. The aim must be to grow our rnembershlp and Incorne through such Investrnent. but such a Stratsqy Is not without risk. A furth•r tisk Is ¢xJr over-dependenee on inve5trnent knciYDe bearlrffj lft ffllnd that stock mar*ets thr•)w unhealthy surprises as In 2022.

irth5r& a l¥Jtse our miragtr pwish hal Btrd Hall), c&1 balarK(s N4¥Wrtd ty the PCC cm le Septsnb¥ 2024 on its behaf trr. Re￿1 IN. Pats (Chalrman)