TRUSTEES' REPORT 2023
Last year there was a surplus on income and expenditure of £8,000 before restoration costs and a deficit of £13,600 afterwards.
The Fabric Fund received a legacy of nearly £18,000, which will go towards the cost of a new church boiler. The Restoration Fund benefited from record Beer Festival profits of £9,000. Congregational giving was lower, as was income from weddings and funerals. Buildings rental income increased, but energy costs were much higher.
We contributed £15,000 to the Diocese and gave £3,300 to charity, including Ukraine. Support for the local foodbank was continued.
Urgent repairs were made to several church windows, and the alarm system was improved. The toddler group and the place of welcome remained well attended and further safeguards were introduced.
An Eco Church bronze award was gained. We registered as a Fairtrade church and continued to make the church yard more wildlife friendly.
RECEIPTS & PAYMENTS 2023
RECEIPTS
| STEWARDSHIP | 26528 |
|---|---|
| COLLECTIONS | 4561 |
| WEDDINGS (net) | 5136 |
| FUNERALS (net) | 3694 |
| GIFTS/GRANTS/FUNDRAISING | 28882 |
| RENTALS | 38293 |
| MAGAZINE | 1182 |
| CHARITY | 2760 |
| INVESTMENTS | 2616 |
| TOTAL | 113382 |
| PAYMENTS | |
| MUSIC | 5670 |
| CHURCH EXPENSES | 33253 |
| HALLS EXPENSES | 15380 |
| TRUST SCHOOL EXPENSES | 7895 |
| COTTAGES EXPENSES | 7238 |
| CLERGY | 1182 |
| OFFICE | 10146 |
| MAGAZINE | 185 |
| CHARITY | 3336 |
| RESTORATION (net) | 22461 |
| DIOCESAN COMMON FUND | 15000 |
| BANK CHARGES | 437 |
| TOTAL | 122183 |
| DEFICIT | 8801 |
FUNDS TABLE 01/01/2023 to 31/12/2023
ST EDBURGHA YARDLEY PCC
| B/FWD | INCOME | EXPEND- | TRANSFER | C/FWD | |
|---|---|---|---|---|---|
| ITURE | |||||
| BELLS | 5343 | 60 | 5403 | ||
| CHOIR | 57 | 31 | 5 | 30 | |
| COMMUNITY | 252 | 3350 | 862 | 2739 | |
| COTTAGES | 13884 | 21600 | 7238 | -13279 | 14967 |
| FABRIC | 5068 | 22672 | 4193 | 23547 | |
| FABRIC-WINDOWS | 5000 | 20 | 5020 | ||
| FLOWERS | 550 | 260 | 816 | 5 | |
| HALLS | 2432 | 14649 | 15380 | 240 | 1941 |
| ORGAN | 2050 | 70 | 2120 | ||
| RESTORATION | 45508 | 18967 | 41423 | -5 | 23047 |
| TODDLERS | 356 | 60 | 416 | ||
| TRUST SCHOOL | 2158 | 7895 | 5742 | 4 | |
| WEDDINGS | 2900 | 9627 | 4491 | -4756 | 3280 |
| XPM | 10 | 2536 | 2536 | 10 | |
| XPM-CMS | 112 | 99 | 13 | ||
| XPM-MALAWI | 112 | 99 | 13 | ||
| YOUTH | 108 | 108 | |||
| GENERAL | 12582 | 43044 | 57885 | 11917 | 9659 |
| TOTAL | 96104 | 87303 |
| BALANCE SHEET 31/12/2023 | ST EDBURGHA YARDLEY PCC | ST EDBURGHA YARDLEY PCC |
|---|---|---|
| CURRENT ASSETS | 2023 | 2022 |
| BANK | 61568 | 73572 |
| CASH | 1587 | 1000 |
| CBF INVESTMENTS | 24148 | 21532 |
| TOTAL | 87303 | 96104 |
| RESERVES | ||
| DEFICIT TO DATE | -8801 | -7921 |
| STARTING BALANCE | 96104 | 104025 |
| TOTAL | 87303 | 96104 |
INDEPENDENT EXAMINER'S REPORT 2023
To the PCC of Yardley St Edburgha's (Registered charity No. 1131907)
This report on the accounts of the PCC for the year ended 31st December 2023, which are set out in the Summary of Funds and the Receipts & Payments Account is in respect of an examination carried out under Regulation 3(3) of the Church Accounting Regulations 1997 and s.43 of the Charities Act 1993.
Respective responsibilities of trustees and examiner
As the members of the PCC you are responsible for the preparation of the acounts; you consider that the audit requirement of Regulation 3(3) and section 43 do not a apply. It is my responsibility to issue this report on those accounts in accordance with the terms of regulation 25 of the Church Accounting Regulations 1997 and Regulation 7 of (Accounts and Reports) Regulations 1995.
Basis of independent examiner's report
My examination was carried out in accordance with the General Directions given by the Charity Commission under section 43(7)(b) of the Act and to be found in the guidance from the CBF. That examination includes a review of the accounting records kept by the PCC and a comparison of the accounts with those records.It also includes considering any unusual items or disclosures in the accounts and seeking explanations from you as trustees concerning any such matters. The procedures undertaken do not provide all the evidence required in an audit, and so I do not express an audit opinion on the view given by the accounts.
Independent examiner's statement
In connection with my examination no matter has come to my attention : (1) which gives me reasonable cause to believe that in any material respect the requirements to keep accounting records in accordance with section 41 of the Act and to prepare accounts which accord with the accounting records and to comply with the requirements of the Act, as also contained in the Church Accounting Regulations 1997 have not been met; or
(2) to which, in my opinion, attention should be drawn to enable a proper understanding of the accounts to be reached.
Signed: A.Donald Abbott FCA Independent Examiner
5th April 2024