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← The Parochial Church Council Of The Ecclesiastical Parish Of St John The Evangelist New Borough And Leigh, Wimborne

2023-12-31-accounts

The Parochial Church Council of the Ecclesiastical Parish of St John The Evangelist New Borough & Leigh, Wimborne

Report and Accounts Year ended 31 December 2023

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1 Lamb's Passage, London EC1Y 8AB www.stewardship.org.uk

The Parochial Church Council of the Ecclesiastical Parish of St John The Evangelist New Borough & Leigh, Wimborne,

working name:

St John's PCC, Wimborne

CHARITY INFORMATION

FOR THE YEAR ENDED 31 DECEMBER 2023

Members of the Parochial Church Council

Members of the Parochial Church Council Members of the Parochial Church Council
Incumbent and chair: Revd. Peter Breckwoldt
Associate Minister: Matt Lee
Church Wardens: Stuart Hull
Nigel Day
Deputy Church Wardens: Paula Jones
Paul Wareham
Deanery Synod Members: David Morgan
Nick Elbourne
Gillian Mannouch
Jenny Harris (appointed 24 April 2024)
Standing & Finance Committee: Paula Jones (Chairman)
Elected Members: David Bennett
John Fleming
Alan Fryer
Mike Jones
Paula Jones
Mary Morris (resigned April 2024)
Philip Murray (resigned April 2024)
James Sharman
Janine Thomas
Paul Wareham
Andrea Long (resigned 26 April 2023)
Lisa Michelle Perry (appointed 24 April 2024)
Co-opted Members: Steve Cornick (Treasurer)
Keith Loveless (Chair of Building Management)
Charity Registration Number 1132016
Principal Address St John's Church
Legg Lane
Wimborne
Dorset
BH21 1LQ
Independent Examiner Sarah Crispin ACA
Stewardship
1 Lamb's Passage
London
EC1Y 8AB
Contents Page
Charity Information 1
Annual Report of the Members of the Parochial Church Council 2-7
Independent Examiner's Report 8
Statement of Financial Activities 9
Balance Sheet 10
Cashflow Statement 11
Notes to the Accounts 12-20
Detailed Statement of Financial Activities with Comparatives 21

Page 1

St John’s PCC, Wimborne

ANNUAL REPORT FOR THE YEAR ENDED 31 DECEMBER 2023

AIMS AND PURPOSE

The aim and charitable purpose of St John’s Wimborne (SJW) is in promoting the whole mission of the Church, pastoral, evangelistic, social and ecumenical, within the parish. This is directed by the Parochial Church Council (PCC) in cooperation with the Incumbent.

Our overarching aim and purpose are captured by our vision statement. SJW exists to encourage all in the Wimborne area to share in the New Life and Full Life that is found in Jesus Christ.

OBJECTIVES AND ACTIVITIES

We primarily seek to enact this vision through an entrepreneurial culture, with every member of SJW encouraged to think creatively about what God might be calling them do in His service. Below are the principle objectives and activities of SJW.

MINISTRY OF WORD AND PRAYER

The chief end of God’s people is to enjoy God and worship him forever. At SJW there is therefore a focus on the ministry of word and prayer, Sunday by Sunday when we meet. This is met both through the work of the staff team, led by Revd. Peter Breckwoldt, and through the PCC that ensures appropriate arrangements are in place for public worship for people of all ages and background to meet for worship, bible teaching and prayer.

MISSION AND OUTREACH

SJW objective is for every member to be involved in personal evangelism. Church wide activities are also in place to reach out to the local community, to further the mission of the church pastorally, spiritually and socially. We seek to engage the different groups in our community in different ways. Examples being “Core” a Thursday evening youth group, “Coffee in the Conservatory” a Friday morning community group and “Fuse” our teenage group restarted in the Church Building in 2023.

We were able to support our local Food Bank as well as partnering financially with many Gospel Partners both in Wimborne and across the world in furthering our vision. We have therefore had regard to the Charity Commission public benefit guidance.

DISCIPLESHIP AND PASTORAL CARE

SJW has several ministries and people, both paid and voluntary, that is focused on discipleship and pastoral care. Both within its members and the community. Examples of this are our paid pastoral care coordinator role as well as the “Lunch Club” ministry that serves the seniors in our community on a Tuesday. SJW seeks to extend a welcome to all who visit the church. One practical way this is expressed at SJW is through the small group activity across the church.

ST JOHN’S PRE SCHOOL

St John’s Pre School has been serving the local community for more than 40 years and forms part of SJW activities. Our Pre School’s objective is to provide an inclusive and child-centred setting in

Page 2

which children can play and discover the world around them. This is done within a Christian environment and ethos that respects the diversity of cultures, races, religions and children of all abilities and so has regard to the Charity Commission public benefit guidance.

ACHIEVEMENTS AND PERFORMANCE

OVERVIEW

The PCC is required by the charity commission to report on the criteria or measures used to assess success. The Bible teaches Churches to proclaim the Gospel faithfully, clearly and unashamedly, but to leave the results to God (Mark Ch4).

Therefore, while growth in numbers and depth of faith in individuals is a great encouragement, the success in achieving SJW aims and objectives is not measured by the number of attendees or number of activities or growth in these numbers. Rather, the aim of the ministry activities of SJW is to seek to provide people with opportunities to hear the Gospel and respond to repentance and faith to the New Life and Full Life found in Jesus Christ. The PCC therefore defines success in terms of whether activities are being undertaken in obedient faithfulness.

CHURCH MEMBERSHIP AND ATTENTANCE

Notwithstanding the above overview, the PCC understands it is helpful for readers of the annual report and to understand our activities more fully to report on membership and attendance numbers. The number of people on SJW Electoral Roll is 215 (2022: 211). We are required to renew the Electoral Roll every 6 years, and this was done in 2019.

The average weekly attendance (calculated from the average of the Sunday attendances in October each year) for 2023 was 271 (2022: 218).

PUBLIC BENEFIT STATEMENT

The PCC has considered the Charity Commission’s public benefit guidance, in particular, the specific guidance to charities for the advancement of religion. The PCC believe we have complied with our duty to have due regard to this guidance when carrying out our activities and setting our vision and aims. We believe that all our objectives and activities contribute to fulfilling our vision and are for the benefit for all living in the Wimborne area.

A detailed report for all areas and activities of the church life is produced and presented to the Church at the Annual Parochial Church Meeting. A copy of this report for 2023 may be obtained from the Church office. The core activity of the church in pursuit of its aim are the Sunday Services, employment of staff and mobilisation of its members to further advance SJW’s vision.

SAFEGUARDING CHILDREN AND VULNERABLE ADULTS

With regard to the PCC's obligations to safeguard children and vulnerable adults, the members of the PCC confirm that they have complied with their duties under section 5 of the Safeguarding and Clergy Discipline Measure 2016. More specifically, SJW’s safeguarding approach follows Sailsbury diocese policies, procedures and governance in this area.

Page 3

QUINQUENNIAL INSPECTION

The most recent quinquennial inspection was completed on 23[rd] February 2022. The report summary listed the following for attention:

• St John’s 5 year Maintenance Plan lists current planned works.

(a) Vestry [new insulation & felt] (b) North Aisle [short term repairs to felt] (c) Youth Lounge [shirt term repairs to felt]. Other roofs need planning in: (d) Reroofing the tiled North roof slopes of Nave and North Transept.

• Electrical inspection requires some early repairs. Works completed in 2023/4: Relighting of church with LED lamps & fittings – phase 1. 2024

• Minor stone repairs to copings. Works completed in 2023/4.

• Attend to leaks in roofs where more urgent. Works completed in 2022/3. Lead theft repairs completed 2024. Roof tile ongoing as annual repairs as required.

• Review rainwater goods and drainage. Attend to defects and consider improvements to move away from uPVC where present and deteriorated. Most repairs completed.

• Attend to external redecoration to avoid unnecessary deterioration of timber and cast iron rainwater goods. Not yet complete.

Additional works:

Other plans include outstanding works from the QI, plus a full maintenance programme of one of the two staff houses (works completed in 2024), and an upgrade of the lighting in the main church (works completed in 2024).

Unplanned works in 2024 were carried out as a result of a long-running leak discovered in June 2024. All leak-related costs were covered by our comprehensive insurance policy. Works were completed by September 2024.

FINANCIAL SUMMARY

FINANCIAL OVERVIEW

The published and Independently Examined accounts for 2023 accompany this report and contain the detail and technical financial performance of SJW.

In summary: For 2023, SJW accounts show a deficit of £16,024 (2022: £16,809 surplus). In 2023, total income decreased by £24,577 (5%) and total expenditure increased by £8,914 (2%).

Page 4

The most significant movements in individual expenditure categories compared to the previous year are: Global Action payments to partners reduced by £9,501 (12%); SJW Ministry workers increased by £16,866 (19%) and Building Works reduced by £6,528 (16%).

The principal income received by St John’s is from the Giving Scheme (standing orders, envelopes & incl. tax on gift aided giving), which in 2023 amounted to £249,994 (2022: £261,023). This decrease is largely due to the appeal towards staff costs in 2022 leading to one-off income.

The finances of St John’s Pre-School are necessarily included in the PCC’s financial statements, together with the Nursery Education Grant, which is received from Central Government through Dorset County Council.

RESERVES POLICY

The PCC’s Policy is for the majority of income received in any year to be expended in that year.

The PCC holds a cash reserve equivalent to three months unrestricted expenditure of its church operations. These reserves are held to mitigate the risk of an unexpected drop in income, or unexpected large expenditure e.g. unexpected building repairs, not covered by insurance. For 2023 this policy required £95,620 in reserve.

A further reserve is currently being held for significant staffing and building costs that will fall due by mid 2025. For this purpose, £113,356 is held in reserve. The Global Action accounts currently hold £38,504 (2022: £48,915) to be spent in 2024 on global action.

The PCC also holds a separate reserve for its Pre-School activities set at £40,000 for 2023. This is calculated as follows:

£20,000 being one term’s expenditure; this is in-line with charity commission pre-school guidance. £10,000 in case of a significant reduction in demand for places and a further £10,000 in case of the need to relocate the Pre-School for a period of time while significant repairs take place to the church hall roof. The surplus free funds of £13,928 that the preschool management committee have submitted plans to spend.

GRANT MAKING

The PCC approves a budget each year that details and provides agreement for the bulk of the grants that will be made in the financial year. For 2023, these included significant grants to:

Sailsbury Diocese, for the costs of ministry they incur on SJW behalf, as well a significant donation towards the costs of ministry in other parishes.

Global Action partners, organisations and individuals called by God and supported by SJW in Gospel work in line with our Vision.

Other smaller grants were made during the year and were made in keeping with our Standing Financial Instructions (SFIs) through our governance processes.

RISK MANAGEMENT STATEMENT

The purpose of this risk management statement is to give an insight into how the PCC, as trustees and so responsible for SJW as a charity, handles risk and an understanding of the major risks the charity is exposed to.

Page 5

RISK ANALYSIS

The major strategic, business and operational risks identified by the PCC are as follows:

RISK MITIGATION

The following strategy and actions are in place to mitigate the above risks:

STRUCTURE, GOVERNANCE AND MANAGEMENT

PCC MEMBERSHIP

Membership of the PCC is drawn from three sources, those elected at the Annual Parish Church Meeting, ex officio members (the following are SJW ex officio members: Vicar, Associate Minister, Church Wardens and Deanery Synod Members) and members Co-opted onto PCC by the PCC.

PCC DEVELOPMENT GROUPS (COMMITTEES)

To assist in the business of the PCC three smaller groups are in place to discuss plans and activities specific to their area. These groups then report to PCC: Youth & Children’s Work Committee, Global Action Team, and Buildings Management Group.

STANDING COMMITTEE

This is the only committee required by law. It also acts as the Finance and Fabric Committee responsible, on behalf of the PCC, for finance and fabric matters and for budgeting for the PCC.

Page 6

STAFF TEAM

The staff team, led by Revd Peter Breckwoldt, and employed by the PCC are responsible for much of the day-to-day governance, management of church life, and the implementation of many of its policies and practices. The staff team seeks to serve the wider church through their ministry.

STATEMENT OF RESPONSIBILITIES OF THE MEMBERS OF THE PAROCHIAL CHURCH COUNCIL

The PCC is responsible for preparing the Annual Report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).

Charity law requires the PCC to prepare financial statements for each financial year which give a true and fair view of the state of the affairs of the charity as at the balance sheet date and of its incoming resources and application of resources for the financial year. In preparing these financial statements, the PCC are required to:

  1. select suitable accounting policies and apply them consistently;

  2. observe the methods and principles in the Charities SORP;

  3. make judgements and estimates that are reasonable and prudent;

  4. state whether the applicable accounting standards have been followed, subject to any material departures disclosed and explained in the financial statements; and

  5. prepare the financial statements on a going concern basis unless it is inappropriate to presume that the charity will continue in operation.

The PCC is responsible for keeping proper accounting records that disclose with reasonable accuracy at any time the financial position of the charity and enable them to ensure that the financial statements comply with the Charities Act 2011 and the Charity (Accounts and Reports) Regulations 2008. They are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

APPROVAL

This report was approved by the PCC and signed on their behalf by:

Stuart J Hull

Peter H Breckwoldt

………………………………………………………. Stuart J Hull (Oct 26, 2024 21:35 GMT+1) Peter H Breckwoldt (Oct 26, 2024 12:31 GMT+1) ……………………………………………………… Stuart Hull Revd Peter Breckwoldt Church Warden Vicar

Oct 26, 2024 Date: Oct 26, 2024

Page 7

INDEPENDENT EXAMINER'S REPORT

TO THE MEMBERS OF THE PAROCHIAL CHURCH COUNCIL OF

St John's PCC, Wimborne ('the Charity')

I report to the members of the PCC (who are also the charity's trustees) on my examination of the accounts of the Charity for the year ended 31 December 2023 on pages 9 to 21 following, which have been prepared on the basis of the accounting policies set out on pages 12 to 14.

Responsibilities and basis of report

As members of the PCC 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 Charity’s accounts carried out under section 145 of the Act and in carrying out my examination I have followed all the applicable Directions given by the Charity Commission under section 145(5)(b) of the Act.

Independent examiner’s statement

Since the Charity’s gross income exceeded £250,000 your examiner must be a member of a body listed in section 145 of the 2011 Act. I confirm that I am qualified to undertake the examination because I am a member of the Institute of Chartered Accountants in England & Wales, which is one of the listed bodies.

I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe:

  1. accounting records were not kept in respect of the Charity as required by section 130 of the Act; or

  2. the accounts do not accord with those records; or

  3. 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.

Sarah Crispin

Sarah Crispin (Oct 29, 2024 09:53 GMT) Sarah Crispin ACA Institute of Chartered Accountants in England & Wales

Stewardship 1 Lamb's Passage London EC1Y 8AB

Oct 29, 2024

Page 8

St John's PCC, Wimborne

STATEMENT OF FINANCIAL ACTIVITIES

FOR THE YEAR ENDED 31 DECEMBER 2023

Note
INCOME AND ENDOWMENTS FROM:
Donations and legacies
3
Charitable activities
4
Other trading activities
5
Investments
6
Total income and endowments
EXPENDITURE ON:
Charitable activities
7
Total expenditure
Net gains/(losses) on investments
Net income/(expenditure)
Transfers between funds
16
Net movement in funds
Reconciliation of funds:
Total funds brought forward
Total funds carried forward
16		 Unrestricted
Funds
£
313,105
22,938
20,488
2,946
359,477
368,153
368,153
-
(8,676)
366,384
357,707
565,560
923,267		 Restricted
Funds
£
66,328
85,171
-
865
152,364
160,045
160,045
-
(7,681)
(366,384)
(374,064)
828,896
454,832		 Endowment
Funds
£
-
-
-
61
61
-
-
272
333
-
333
6,133
6,466		 Total
Funds
2023
£
379,433
108,109
20,488
3,872
511,902
528,198
528,198
272
(16,024)
-
(16,024)
1,400,589
1,384,565		 Total
Funds
2022
£
436,567
95,523
3,462
927
536,479
519,284
519,284
(386)
16,809
-
16,809
1,383,780
1,400,589

The statement of financial activities includes all gains and losses recognised in the year.

All income and expenditure derive from continuing operations.

The notes on page 12-20 form part of these accounts.

Page 9

St John's PCC, Wimborne

BALANCE SHEET

AS AT 31 DECEMBER 2023

Note
FIXED ASSETS
Tangible assets
10
Investments
11
CURRENT ASSETS
Debtors
12
Cash at bank and in hand
13
CREDITORS: Amounts falling
due within one year
14
Net current assets / (liabilities)
Total assets less current liabilities
TOTAL NET ASSETS
FUND BALANCES
16
Unrestricted Funds
General funds
Designated funds
Restricted Funds
Endowment Funds		 Unrestricted
Funds
£
719,307
-
719,307
22,829
193,266
216,095
(12,134)
203,961
923,267
923,267
219,988
703,279
923,267
-
-
923,267		 Restricted
Funds
£
361,224
-
361,224
8,882
96,038
104,920
(11,312)
93,608
454,832
454,832
-
-
-
454,832
-
454,832		 Endowment
Funds
£
-
3,165
3,165
-
3,301
3,301
-
3,301
6,466
6,466
-
-
-
-
6,466
6,466		 Total
Funds
2023
£
1,080,531
3,165
1,083,696
31,711
292,604
324,315
(23,446)
300,869
1,384,565
1,384,565
219,988
703,279
923,267
454,832
6,466
1,384,565		 Total
Funds
2022
£
1,093,901
2,893
1,096,794
21,022
311,103
332,125
(28,330)
303,795
1,400,589
1,400,589
565,560
-
565,560
828,896
6,133
1,400,589

The financial statements were approved by the members of the PCC and were signed on its behalf by:

Peter H Breckwoldt Peter H Breckwoldt (Oct 26, 2024 12:31 GMT+1) --------------------------------------Revd. Peter Breckwoldt

Date: ____ Oct 26, 2024

Charity number: 1132016

The notes on page 12-20 form part of these accounts.

Page 10

St John's PCC, Wimborne

FOR THE YEAR ENDED 31 DECEMBER 2023

CASH FLOW STATEMENT

Note
Cash flows from operating activities:
Net cash provided by (used in) operating activities
a
Cash flows from investing activities:
Dividends, interest and rents from investments
Purchase of property, plant and equipment
Net cash provided by/(used in) investing activities
b
b
Cash and equivalents at the beginning of the year
Cash and cash equivalents at the end of the year
Change in cash and equivalents in the reporting period		 2023
£
(18,405)
3,872
(3,966)
(94)
(18,499)
311,103
292,604		 2022
£
38,453
927
(9,380)
(8,453)
30,000
281,103
311,103
Analysis of changes in net debt:
Cash
Total net funds / (debt)		 At start of
year
£
311,103
311,103		 Any non-cash
movements
£
-
-		 Cash-flows
£
(18,499)
(18,499)		 At end of
year
£
292,604
292,604

£3,301 (2022: £3,240) of the cash balance is not available for use as it is held as an endowment fund

Note a: Reconciliation of net income/(expenditure) to net cash flow from operating activities
2023
£
(16,024)
Adjustments for:
Depreciation charges and provisions for impairment
17,336
(Gains)/losses on investments
(272)
Dividends, interest and rents from investments
(3,872)
(Increase)/decrease in debtors
(10,689)
Increase/(decrease) in creditors
(4,884)
Net cash provided by (used in) operating activities
(18,405)
Note b: Analysis of cash and cash equivalents
2023
£
Cash at bank with immediate access
292,356
Petty cash
248
Total cash and cash equivalents
292,604
Net income/(expenditure) for the reporting period (as per the statement of
financial activities)		 2022
£
16,809
17,504
386
(927)
(11,018)
15,699
38,453
2022
£
310,709
394
311,103

Page 11

St John's PCC, Wimborne

NOTES TO THE ACCOUNTS

FOR THE YEAR ENDED 31 DECEMBER 2023

1 Statutory Information

The Parochial Church Council of St John's Wimborne is a charity registered with the Charity Commission in England & Wales. The charity's registered number and principal address can be found on the Charity Information page.

2 Accounting Policies

These financial statements are prepared on a going concern basis, under the historical cost convention. The financial statements include all activities for which the PCC is legally responsible; the activities of informal gatherings of church members and groups that owe their main affiliation to another body are excluded.

These financial statements have been prepared in accordance with The Church Accounting Regulations 2006, the 'Statement of Recommended Practice: Accounting and Reporting by Charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)' ("the Charities SORP") and with the Charities Act 2011. The charity meets the definition of a public benefit entity as set out in FRS 102.

The Charities (Accounts and Reports) Regulations 2008 (the '2008 Regulations') requires charities to prepare their accounts in accordance with 'Accounting and Reporting by Charities: Statement of Recommended Practice effective from 1 April 2005' but this accounting standard has since been withdrawn and has been replaced by the Charities SORP mentioned in the preceding paragraph. The charity has prepared these financial statements in accordance with the new Charities SORP; this departure from the 2008 Regulations is believed to be necessary for these financial statements to give a 'true and fair view'.

The principles adopted in the preparation of the financial statements are set out below.

a) Going concern

The PCC have assessed whether the use of the going concern basis is appropriate and have considered possible events or conditions that might cast significant doubt on the ability of the charity to continue as a going concern. The PCC have made this assessment for a period of at least one year from the date of approval of the financial statements. In particular the PCC have considered the charity's forecasts and projections and the possible implications should projected income and / or expenditure vary unexpectedly. The PCC have concluded that there is a reasonable expectation that the charity has adequate resources to continue to operate for the foreseeable future. The charity therefore continues to adopt the going concern basis in preparing its financial statements.

b) Income Income (which includes planned giving, collections and other donations) is recognised in the period in which the charity becomes entitled to receipt, the amount receivable can be measured with reasonable certainty, and receipt is probable. For the most part income is generally recognised when it is received by, or on behalf of, the PCC. Income is only deferred when the charity has to fulfil conditions before becoming entitled to it or where the donor has specified that the income is to be expended in a future period.

Income from donations and legacies includes:

The charity relies on volunteers to carry out many of its activities. However, in accordance with the SORP, the value of these services has not been included in these financial statements as they cannot be reliably measured.

Income from charitable activities represents income receivable from goods, services and facilities supplied in furtherance of the charity's charitable objects. It includes income from preschool, church activities and PCC fees. Preschool Nursery Education Grant (NEG) funding is recognised at the start of the term to which is relates.

Income from other trading activities represents income receivable from activities undertaken to generate funds for the charity. It includes income from property & facilities letting.

Investment income represents income generated by the charity's assets and includes income from bank interest.

c) Expenditure Expenditure, including irrecoverable VAT, is recognised when it is incurred or, if earlier, when a legal or constructive obligation for a payment arises provided that it is probable that settlement will be required and the amount of the obligation can be measured reliably.

Contributions in respect of the diocesan parish share are included in the Statement of Financial Activities for all amounts agreed to being payable for the financial year. Any contributions that have not been paid over by the year end are included as a creditor.

Page 12

St John's PCC, Wimborne

NOTES TO THE ACCOUNTS

FOR THE YEAR ENDED 31 DECEMBER 2023

2 Accounting Policies (cont.)

The charity makes grants to other institutions and individuals to further its charitable objectives. Grants payable are recognised as constructive obligations arise, which is generally when the charity expresses a commitment to the recipient that can be measured reliably and then only to the extent that any conditions associated with the grant are outside of the control of the charity.

The cost of raising funds is not significant and has not been separately disclosed.

The charity's overheads, being costs that have not been incurred directly on a charitable activity, have been disclosed separately in the notes under the heading 'Costs incurred on support and administration'. These costs have been allocated to the charity's various activities based on estimated usage except for Governance costs which have been allocated between core church activities and preschool based on income levels.

Governance costs, which are included in expenditure on charitable activities but are identified separately in the notes to the accounts, includes costs associated with the independent examination of the financial statements, compliance with constitutional and statutory requirements and any other expenditure incurred on the strategic management of the charity.

d) Fund accounting General funds are unrestricted funds which are available for use at the discretion of the PCC in furtherance of the general objectives of the charity. Designated funds comprise unrestricted funds that have been set aside by the PCC for particular purposes. Restricted funds are donations which are to be used in accordance with specific restrictions imposed by donors; they include donations received from appeals for specific activities or projects. Endowment funds are donations that are retained as capital in accordance with the donor's wishes. The nature of the restriction determines whether the endowments represent permanent endowments or expendable endowments.

e) Tangible fixed assets Consecrated and beneficed property is not included in these financial statements by virtue of s.10(2) of the Charities Act 2011. All expenditure on consecrated or beneficed buildings is written off in the year in which it is incurred.

Movable church furnishings held by the incumbent and Churchwardens on special trust for the PCC and which require a faculty for disposal are capitalised in accordance with the policy set out below. These items are regarded as inalienable property and are listed in the church's inventory which can be inspected at any reasonable time. Inalienable property acquired prior to 2000 has not been capitalised as there is insufficient cost information available.

Items purchased or donated for the charity's own use are capitalised when the item is expected to benefit the charity over more than one accounting period. Depreciation is charged on a straight line basis so as to write down the value of each asset to its estimated residual value (if any) over its expected useful economic life. To achieve this objective the following rates of depreciation are charged:

Freehold land & buildings 1% Equipment 20% on reducing balance method Computer Equipment 33% on reducing balance method

The carrying values of tangible fixed assets are reviewed for impairment in periods when events or changes in circumstances indicate that the carrying value may not be recoverable.

f) Investments Fixed asset investments are held to generate income and / or for their investment potential. Current asset investments are investments that are held specifically for sale or are investments that the charity expects to sell by the next balance sheet date. Investments, other than social investments (see below), are valued as follows:

g) Pension scheme arrangements The charity operates defined contribution pension schemes for its employees. Obligations for contributions to these schemes are recognised as an expense when the liability arises. The assets of these schemes are held separately from those of the charity in independently administered funds.

h) Taxation The charity has taken advantage of the various reliefs from taxation available to charities and no tax is payable on the charity's income.

Page 13

St John's PCC, Wimborne

NOTES TO THE ACCOUNTS

FOR THE YEAR ENDED 31 DECEMBER 2023

2 Accounting Policies (cont.)

i) Financial instruments

The charity's financial assets and financial liabilities all qualify as basic financial instruments, as defined by FRS102. Except for loans, creditors and debtors are measured at their expected settlement value (normally the amount of cash that the charity expects to pay or receive). The charity recognises liabilities for the principal of those loans that remains outstanding at the year end (i.e. the liabilities exclude any interest chargeable on the loans in future years).

j) Critical accounting estimates and areas of judgement

ln preparing financial statements certain judgements, estimates and assumptions have to be made that affect the amounts recognised in the financial statements. The members of the PCC consider the following to be significant:

i) The annual depreciation charge for property, plant and equipment is sensitive to changes in the estimates for useful economic life and residual value. These estimates are reassessed annually and, when necessary, adjusted to reflect current circumstances.

3 Donations and legacies

Donations of cash and similar
Mission giving donations
Other grants receivable
Legacies receivable
Income tax recoverable
me from charitable activities
Preschool NEG income
Preschool other income
Church activites and events
Youth & children's activity income
PCC fees		 2023
£
257,391
47,648
9,798
3,000
61,596
379,433
2023
£
77,308
7,863
16,736
3,894
2,308
108,109		 2022
£
296,004
61,267
10,000
500
68,796
436,567
2022
£
70,473
14,130
7,372
2,009
1,539
95,523

4 Income from charitable activities

5 Income from other trading activities

Property Rental
Facilities hire
Sundries
stment income
Bank interest		 2023
£
16,409
2,928
1,151
20,488
2023
£
3,872
3,872		 2022
£
568
2,063
831
3,462
2022
£
927
927

6 Investment income

Page 14

St John's PCC, Wimborne

NOTES TO THE ACCOUNTS

FOR THE YEAR ENDED 31 DECEMBER 2023

7 Charitable expenditure

Charitable expenditure
Incurred directly on activities
Parish Share
Staff costs
Clergy expenses
Church Ministry costs
Church events & activities
Preschool expenses
Building Project
Grants payable (note 7a)
Support costs
Staff costs
Premises costs
Office & admin costs
Depreciation
Governance		 St John's
Church
105,974
107,965
3,369
20,388
5,688
-
35,580
3,027
25,339
36,545
13,300
16,880
2,622
376,677		 St John's
Preschool
-
67,626
-
-
-
10,093
-
-
-
5,441
-
456
589
84,205		 Global
Action
-
-
371
-
-
-
-
66,469
-
-
147
-
330
67,317		 Total
Charitable
Expenditure
2023
105,974
175,591
3,740
20,388
5,688
10,093
35,580
69,496
-
25,339
41,986
13,447
17,336
3,540
528,198
Incurred directly on activities
Parish Share
Staff costs
Clergy expenses
Church Ministry costs
Church events & activities
Preschool expenses
Building Project
Grants payable (note 7a)
Support costs
Staff costs
Premises costs
Office & admin costs
Depreciation
Governance		 St John's
Church
102,887
88,860
3,292
22,426
2,335
-
42,107
2,340
33,243
33,334
13,597
17,139
2,687
364,247		 St John's
Preschool
-
65,265
-
-
-
7,439
-
-
-
5,000
-
365
582
78,651		 Global
Action
-
-
-
-
-
-
-
75,870
-
-
95
-
421
76,386		 Total
Charitable
Expenditure
2022
102,887
154,125
3,292
22,426
2,335
7,439
42,107
78,210
33,243
38,334
13,692
17,504
3,690
519,284

The fee payable to the independent examiner for preparing and examining the accounts was £3,540 (2022: £3,690).

Page 15

St John's PCC, Wimborne

NOTES TO THE ACCOUNTS

FOR THE YEAR ENDED 31 DECEMBER 2023

a Grants payable

Grants for UK and overseas mission
Grants for the relief of poverty
Grants for education, including ministry training
The comparatives for the previous year are as follows:
Grants for UK and overseas mission
Grants for the relief of poverty
Grants for education, including ministry training
The charity's principal grants to institutions comprised:
Wycliffe
Zaelyn Academy
Streetlight
WEC
Eglise Protestante
SIM UK
Carlile College
Arab World Ministries
Tearfund
Operation Mobilisation UK
Wimborne Foodbank
Church by the Bay
Grants to institutions for less than £1,000 each		 Institutions
£
45,888
4,179
18,300
68,367
Institutions
£
42,585
4,737
23,766
71,088		 Individuals
£
1,129
-
-
1,129
Individuals
£
7,123
-
-
7,123
2023
£
14,990
14,725
7,492
6,910
6,000
3,760
3,075
2,963
2,629
1,553
1,500
-
2,770
68,367		 2023
£
47,017
4,179
18,300
69,496
2022
£
49,708
4,737
23,766
78,210
2022
£
14,640
21,208
7,747
9,350
-
2,511
2,198
3,313
4,537
1,715
200
1,780
1,890
71,088

8 Analysis of staff costs, the cost of key management personnel and trustee remuneration and expenses

Gross wages and salaries
Social security
Pension costs		 2023
£
193,359
3,409
4,457
201,225		 2022
£
174,772
3,170
4,159
182,101

The average monthly number of employees during the year was 17 (2022: 16). Most of the charity's activities are carried out by volunteers.

No staff received salaries at a rate of more than £60,000 per annum.

The charity's key management comprise the members of the PCC and the key staff named on the Charity Information page. Total employment benefits payable to key management for the year were as follows:

Other
Employer
Wages &
employment
pension
salaries
benefits
contributions
Members of the PCC
Matt Lee
30,000
-
1,500
Gillian Mannouch
15,000
-
863
Paula Jones
8,753
-
89
Stephen Cornick
1,080
-
-		 2023
£
31,500
15,863
8,842
1,080
57,285

Page 16

St John's PCC, Wimborne

NOTES TO THE ACCOUNTS

FOR THE YEAR ENDED 31 DECEMBER 2023

8 Analysis of staff costs, the cost of key management personnel and trustee remuneration and expenses (cont.)

The following amounts were payable in the previous year:

following amounts were payable in the previous year:
Other
Employer
Wages &
employment
pension
salaries
benefits
contributions
Members of the PCC
Matt Lee
15,000
-
750
Gillian Mannouch
15,388
-
994
Stephen Cornick
1,085
-
-		 2022
£
15,750
16,383
1,085
33,218

The members of the PCC listed above all served as church staff members and received the above payments for serving in that capacity, not for serving as members of the PCC; these payments are permitted by the charity's governing document.

Revd. Peter Breckwoldt (a clergy member of the PCC) receives a stipend from the Diocese and so is not an employee; some of the Parish Share paid to the Diocese is used to help meet the cost of this stipend. Revd. Peter Breckwoldt was provided with accommodation (which is customary for clergy) but there was no cost for this accommodation to the PCC. The charity reimbursed expenses to Revd. Peter Breckwoldt ; these costs are disclosed in note 7 'Charitable Expenditure' under the heading 'Clergy expenses'.

9 Acting as agent

On occasion the charity receives money on behalf of other charities, which it banks and then pays out to these charities. This income is received as agent for these other charities and the income, and the related payments, are excluded from the Statement of Financial Activities; any money that has not been distributed by the year end is recognised as a creditor.

During the year the charity acted as agent with respect to wedding & funeral fees, for Tear Fund and for a small number of individuals and, in that capacity:

a) received £5,325 and paid £5,100

b) at the year end the charity owed £386 in wedding/funeral fees.

10 Tangible fixed assets

Cost
At 1 January 2023
Additions
At 31 December 2023
Accumulated depreciation
At 1 January 2023
Charge for the year
At 31 December 2023
Net book value
At 31 December 2023
At 31 December 2022		 Freehold
Property
£
1,256,938
-
1,256,938
179,284
13,150
192,434
1,064,504
1,077,654		 Computer
equipment
£
48,215
1,400
49,615
44,709
1,619
46,328
3,287
3,506		 Fixtures,
fittings and
equipment
£
90,611
2,566
93,177
77,870
2,567
80,437
12,740
12,741		 Total
2023
£
1,395,764
3,966
1,399,730
301,863
17,336
319,199
1,080,531
1,093,901

The freehold land and buildings comprise 4 properties; St John's Church Centre which was purchased in 2004, the Church Office at 71 Leigh Road which was purchased in 2004, 6 Bourne Court which was purchased in February 2013 and 34 Churchill Road which was purchased in January 2014. These assets are held at cost less depreciation.

Page 17

St John's PCC, Wimborne

NOTES TO THE ACCOUNTS

FOR THE YEAR ENDED 31 DECEMBER 2023

11
Fixed asset investments
CBF
Investment
Fund
Cost or fair value brought forward
2,893
Change in value of investments
272
Cost or fair value carried forward
3,165
12
Debtors
Falling due within one year:
Trade debtors
Tax recoverable
Other debtors
Prepayments and accrued income
Total debtors
13
Cash at Bank and in Hand
Cash at bank with immediate access
Petty cash
14
Creditors: liabilities falling due within one year
Taxation and social security
Other creditors
Accruals
Deferred income
15
Deferred income
Preschool
NEG
Funding
11,901
(11,901)
11,312
11,312
Within one year
11,312
After one year
-
11,312
Amount deferred in year
Balance at the end of the reporting period
Balance at the beginning of the reporting period
The income deferred at the period end will be released to income over the following periods:
Amount released to income
Deferred income comprises the following:		 2023
£
2,893
272
3,165
2023
£
29,076
475
2,160
31,711
2023
£
292,356
248
292,604
2023
£
1,796
386
9,952
11,312
23,446
2023
£
11,901
(11,901)
11,312
11,312
11,312
-
11,312		 2022
£
3,279
(386)
2,893
2022
£
20,900
122
-
21,022
2022
£
310,709
394
311,103
2022
£
2,563
1,075
12,791
11,901
28,330
2022
£
9,524
(9,524)
11,901
11,901
11,901
-
11,901

Preschool NEG funding is received in advance but is not recognised until the term which it relates to. In the prior year, property rental income of £1,276 was also received in advance and is included in the balance at the beginning of the reporting period.

Page 18

St John's PCC, Wimborne

NOTES TO THE ACCOUNTS

FOR THE YEAR ENDED 31 DECEMBER 2023

16 Funds

During the year the movements in the charity's funds were as follows:

Designated Funds
Leigh Road
Bourne Court
Churchill Road
General Unrestricted Funds
Total Unrestricted Funds
Restricted Funds
Marion Treweeke
Global Action
St John's Pre School
St John's 100 Fund for Young People
Bourne Court
Church Centre Fund
Building4Life Fund
Warm spaces grants
Capital projects grants
Endowment Funds
Permanent
Olive Beale
F Newman
Aggregate of funds		 Opening
balance
2023
£
-
-
-
-
565,560
565,560
615
48,915
51,559
1,125
120,964
390,074
215,644
-
-
828,896
3,240
2,893
6,133
1,400,589		 Incoming
resources
2023
£
-
-
-
-
359,477
359,477
5
56,576
85,985
-
-
-
-
6,625
3,173
152,364
61
-
61
511,902		 Outgoing
resources
2023
£
(2,159)
(2,767)
(3,128)
(8,054)
(360,099)
(368,153)
(570)
(66,987)
(78,175)
-
-
(4,515)
-
(6,625)
(3,173)
(160,045)
-
-
-
(528,198)		 Transfers
in the year
2023
£
174,862
251,828
284,643
711,333
(344,950)
366,384
-
-
(5,441)
-
(120,964)
(24,335)
(215,644)
-
-
(366,384)
-
-
-
-		 Gains and
losses
2023
£
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
272
272
272		 Closing
balance
2023
£
172,703
249,061
281,516
703,279
219,988
923,267
50
38,504
53,929
1,125
-
361,224
-
-
-
454,832
3,301
3,165
6,466
1,384,565

The transfers referred to above were made for the following reasons:

Analysis of net assets by fund

The assets and liabilities of the various funds were as follows:

Investments
Tangible fixed assets
Debtors
Cash at bank and in hand
Creditors falling due within one year		 General
Designated
funds
funds
£
£
-
-
16,027
703,279
22,829
-
193,266
-
(12,134)
-
219,988
703,279
Unrestricted Funds		 Restricted
funds
£
-
361,224
8,882
96,038
(11,312)
454,832		 Endowment
funds
£
3,165
-
-
3,301
-
6,466		 2023
£
3,165
1,080,531
31,711
292,604
(23,446)
1,384,565

Page 19

St John's PCC, Wimborne

NOTES TO THE ACCOUNTS

FOR THE YEAR ENDED 31 DECEMBER 2023

16 Funds (cont.)

In the previous year the movements in the charity's funds were as follows:

General Unrestricted Funds
Total Unrestricted Funds
Restricted Funds
Marion Treweeke
Global Action
St John's Pre School
St John's 100 Fund for Young People
Bourne Court
Church Centre Fund
Building4Life Fund
Endowment Funds
Permanent
Olive Beale
F Newman
Aggregate of funds		 Opening
balance
2022
£
552,077
552,077
613
51,921
44,855
1,125
120,964
390,074
215,644
825,196
3,228
3,279
6,507
1,383,780		 Incoming
resources
2022
£
378,733
378,733
2
72,959
84,773
-
-
-
-
157,734
12
-
12
536,479		 Outgoing
resources
2022
£
(370,250)
(370,250)
-
(75,965)
(73,069)
-
-
-
-
(149,034)
-
-
-
(519,284)		 Transfers
in the year
2022
£
5,000
5,000
-
-
(5,000)
-
-
-
-
(5,000)
-
-
-
-		 Gains and
losses
2022
£
-
-
-
-
-
-
-
-
-
-
-
(386)
(386)
(386)		 Closing
balance
2022
£
565,560
565,560
615
48,915
51,559
1,125
120,964
390,074
215,644
828,896
3,240
2,893
6,133
1,400,589

Analysis of net assets by fund

In the previous year, the assets and liabilities of the various funds were as follows:

Investments
Tangible fixed assets
Debtors
Cash at bank and in hand
Creditors falling due within one year		 General
Designated
funds
funds
£
£
-
-
365,758
-
21,022
-
196,485
-
(17,705)
-
565,560
-
Unrestricted Funds		 Restricted
funds
£
-
728,143
-
111,378
(10,625)
828,896		 Endowment
funds
£
2,893
-
-
3,240
-
6,133		 2022
£
2,893
1,093,901
21,022
311,103
(28,330)
1,400,589

Designated Funds

The Leigh Road, Bourne Court, and Churchill Road funds represent the net book value of the properties owned by the PCC.

Restricted Funds

The Marion Treweeke Fund- for sponsorship of missionaries. Church Centre Fund represents the cost of the church centre. Global Action Fund- raising and making grants to support mission work.

Build4Life Fund- which includes Leigh Road and building work carried out on that property St John's Pre School- for use in Pre School activities.

St John's 100 Fund for Young People - support for young people training in Christian Ministry. Bourne Court fund represents the cost of the Bourne Court property

The Warm Spaces grants were to provide a warm space and were fully spent during 2023. The Captial projects grants were for work to the roof and were fully spent during 2023.

Page 20

St John's PCC, Wimborne

DETAILED STATEMENT OF FINANCIAL ACTIVITIES WITH COMPARATIVES

FOR THE YEAR ENDED 31 DECEMBER 2023

Note
INCOME AND ENDOWMENTS FROM:
Donations and legacies
3
Charitable activities
4
Other trading activities
5
Investments
6
Total income and endowments
EXPENDITURE ON:
Charitable activities:
7
Total Expenditure
Net gains/(losses) on investments
Net income/(expenditure)
Transfers between funds
16
Net movement in funds
Reconciliation of funds:
Total funds brought forward
Total funds carried forward
16		 General
2023
£
313,105
22,938
20,488
2,946
359,477
360,099
360,099
-
(622)
(344,950)
(345,572)
565,560
219,988
Unrestric		 Unrestric Designated
2023
£
-
-
-
-
-
8,054
8,054
-
(8,054)
711,333
703,279
-
703,279
ted funds		 Restricted
2023
£
66,328
85,171
-
865
152,364
160,045
160,045
-
(7,681)
(366,384)
(374,064)
828,896
454,832		 Endowment
2023
£
-
-
-
61
61
-
-
272
333
-
333
6,133
6,466		 Total
2023
£
379,433
108,109
20,488
3,872
511,902
528,198
528,198
272
(16,024)
-
(16,024)
1,400,589
1,384,565		 General
2022
£
363,636
10,920
3,462
715
378,733
370,250
370,250
-
8,483
5,000
13,483
552,077
565,560
Unrestric		 Unrestric Designated
2022
£
-
-
-
-
-
-
-
-
-
-
-
-
-
ted funds		 Restricted
2022
£
72,931
84,603
-
200
157,734
149,034
149,034
-
8,700
(5,000)
3,700
825,196
828,896		 Endowment
2022
£
-
-
-
12
12
-
-
(386)
(374)
-
(374)
6,507
6,133		 Total
2022
£
436,567
95,523
3,462
927
536,479
519,284
519,284
(386)
16,809
-
16,809
1,383,780
1,400,589

Page 21