REGISTERED CHARITY NUMBER: 1132236
REPORT OF THE TRUSTEES AND
UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023
FOR
PCC OF RYE WITH RYE HARBOUR
Gibbons Mannington & Phipps LLP Chartered Accountants Landgate Chambers 24 Landgate Rye East Sussex TN31 7LJ
PCC OF RYE WITH RYE HARBOUR
CONTENTS OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023
| Page | Page | Page | |
|---|---|---|---|
| Report of the Trustees | 1 | to | 4 |
| Independent Examiner's Report | 5 | ||
| Statement of Financial Activities | 6 | ||
| Balance Sheet | 7 | ||
| Notes to the Financial Statements | 8 | to | 15 |
PCC OF RYE WITH RYE HARBOUR
REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 DECEMBER 2023
The trustees present their report with the financial statements of the charity for the year ended 31 December 2023. The trustees have adopted the provisions of 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).
The parish is a charity with an income in excess of £100,000 and as such is required to be registered with the Charity Commission in accordance with the Charities Act 2006. The Parochial Church Council of the Ecclesiastical Parish of Rye with Rye Harbour was entered in the Register of Charities on 21st October 2009 (Registration number 1132236).
During the year the following served as members of the Parochial Church Council (PCC):
| Incumbent: | The Revd Paul White | Chairman |
|---|---|---|
| Readers: | Linda Estrada | Ex-Officio |
| Wardens: | Graham Hurley | Ex-Officio |
| Shelley Jebb | Ex-Officio | |
| Deanery Synod: | Christine Emson | Ex-Officio |
| Linda Estrada | Ex-Officio | |
| Shelley Jebb | Ex-Officio | |
| David Ampthill | Ex-Officio | |
| Elected Members: | Christia Ampthill | |
| David Ampthill (Treasurer) | ||
| David Angell | ||
| Elizabeth Bamji | ||
| KT Bruce | ||
| Martin Bruce | ||
| Christopher Cooper (from 22/5/23) | PCC Secretary and Health and | |
| Safety | ||
| Sandra Cooper (from 22/5/23) | Parish Safeguarding Officer | |
| William Everett (Co-opted from | ||
| 22/5/23) | ||
| Virginia Festing | ||
| Barry Nealon (until 22/5/23) | ||
| Kathy Redman | ||
| Brenda Snashall (until 22/5/23) | ||
| Barbara Thornton-Rose (from 22/5/23) |
OBJECTIVES AND ACTIVITIES
Objectives and aims
The primary objective of the PCC of Rye is the promotion of the Gospel of our Lord Jesus Christ according to the doctrines and practices of the Church of England. The PCC has the responsibility of co-operating with the incumbent in promoting in the ecclesiastical parish the whole mission of the Church pastoral, evangelistic, social and ecumenical.
Page 1
PCC OF RYE WITH RYE HARBOUR
REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 DECEMBER 2023
ACHIEVEMENT AND PERFORMANCE Church Attendance
There were 122 people on the church electoral roll at the last Annual Meeting of whom 75 regularly attend worship.
Review of the Year
2023 was a full and active year in the life of St Mary-the-Virgin Church.
The full PCC has met regularly during the year, at the St. Mary's Centre, and we are grateful to all those who have given their time to the church in this way.
Churches Together in Rye and District continue to flourish and we are delighted to play our part in that. The year for CTRD started with an online Week of Prayer for Christian Unity followed by the Walk of Witness on Good Friday and joint services throughout the year, held at both St Mary's and Rye Baptist Church. Our Methodist siblings are using the St Mary's Centre regularly for worship, but have also joined us in St Mary's from time to time, and we are always happy to welcome them, not least as they supplement the choir so beautifully.
This year saw fewer civic services than 2022 (which was an unusual year in that regard) but. St George's Day and Remembrance Sunday were both well attended, the latter seeing more than 500 in church. The Annual Lifeboat Service also took place at Rye Harbour with substantial numbers attending. The Christmas Services were busy with the Crib Service recording 600 in attendance, and we may need to lay on two services in 2024.
We are now running a regular pattern of two services a month in Rye Harbour, alternating between a service of Holy Communion on the first Sunday of the month, and a themed Evening Praise service on the third Sunday.
In September members of the PCC and other volunteers spent a busy day relocating the shop from the South Transept to the North Aisle, creating a new Chapel of Remembrance in the South Transept and moving three rows of pews from around the font. This was done under the auspices of a two year faculty with a view to improving both the aesthetics and the usability of our worship space. Some limited further re-ordering is planned in 2024 before it is hoped the new scheme is made final. Anecdotal reactions from worshippers and visitors to the new layout are positive.
In October, we held our first Choral Evensong since well before lockdown and it is intended for this to become a quarterly event in 2024.
Our links with Rye Primary School and Rye College have continued with services in Church (the Carol Service for Rye Primary and a Year 7 Welcome Service for Rye College) and both school having visits to Church. Our 'Open the Book' initiative in Rye Primary regrouped at the end of 2022 and is now going into the school approximately monthly and is well received.
During 2023 ten baptisms, six weddings or wedding blessings and nine funerals or memorial services were held. Six members of our congregation were confirmed by Bishop Ruth in November.
We held a Lent Course in the Rye Hub, together with the Parish of Winchelsea, which was well attended.
St Mary's is, of course, part of the wider Rye Team Ministry and that team has sought to work more closely together throughout the year, and the updated Pendulum Magazine now has a more Team focused approach. Although we did not appoint a Team Vicar in Camber with East Guldeford we were joined by Rev'd Yvone Adam who is taking regular services there.
Like all churches we face our share of challenges and uncertainties but, for all that, St Mary's is an active church for worshippers, for visitors and as part of the civic life of this town, and we give thanks for our many blessings.
Page 2
PCC OF RYE WITH RYE HARBOUR
REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 DECEMBER 2023
FINANCIAL REVIEW
Financial position
The income for the General Fund (unrestricted and designated), for the year ended 31-Dec-23, was £234,518 (Dec-22 £211,295) and the expenditure was £251,238 (Dec-22 £257,982) i.e. our expenditure exceeded our income by £16,720 (deficit), £6,422 (deficit) after investment gains. Details of this can be found in the Financial Statements.
As in previous years, our main item of expenditure was the diocesan parish contribution of £94,980 (Dec-22 £94,120). This figure pays for the stipend, housing and pension contributions of the clergy, Diocesan administration, clergy training and national church costs and includes a substantial contribution used directly to support Camber parish in the Rye Deanery.
The St. Mary's Centre recorded a surplus of £4,066 in 2023 compared to a surplus of £9,962 in 2022.
The total value of our combined investment portfolio has decreased in 2023, to £315,950 from £332,237 (Dec-22). This movement includes £25,711 of growth and a £41,998 drawdown due to a closure of one of the funds invested into.
Our combined cash deposits have increased from £19,618 (Dec-22) to £37,119 (Dec-23).
Our charitable giving has increased in the year to £988 (from Dec-22 £881). We also continue to support the Food Bank though various church activities.
The Monastery Fund is being maintained as a permanent endowment based on the official asset valuation as at 31st December 2005. ln general terms, the term "permanent endowment" covers any land, investments or other assets which trustees cannot spend because of a restriction in the trust's governing document. The Monastery Fund currently has £747,742 reflected in freehold land and buildings, investments and cash.
The PCC continues to be very grateful for ongoing support from the Friends of St Mary's who provide funds to the church towards buying equipment and funding essential repairs.
Reserves policy
It is PCC policy to retain enough capital and investments to underwrite any unforeseen expenses and to meet ongoing repair costs of the church buildings.
FUTURE PLANS
The ministry team will be enhanced in 2024 with the licensing to the Team of Rev'd Michael Georgiou as Assistant Curate and Permanent Deacon and, as deacon, it will be part of Rev'd Michael's role to help St Mary's reach beyond its walls in relation to both our town and the other team churches. It is envisaged that the re-ordering will be completed and that we can then further enhance both the visitor and worship experience. Our choral life and civic life will both continue to grow in 2024 with regular choral evensongs and a mayor making service. The parish will also be taking part in the Diocesan 'Great is Thy Faithfulness' course which will lead to further outreach events and courses at the end of 2024.
STRUCTURE, GOVERNANCE AND MANAGEMENT Governing document
The charity is controlled by its governing document, a deed of trust and constitutes an unincorporated charity.
Organisational structure
Membership of the PCC is determined under the Church RepresentationaI Rules and consists of certain ex-officio members (the incumbent, curates, and lay readers licensed to officiate in the church), the church wardens and members of the Deanery and Diocesan Synods and 12 members of the church who are elected at the Annual Parochial Church Meeting (APCM). Members are encouraged to stand for election to the PCC and we try to ensure a balance of skills and experience where possible.
REFERENCE AND ADMINISTRATIVE DETAILS Registered Charity number
1132236
Page 3
PCC OF RYE WITH RYE HARBOUR
REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 DECEMBER 2023
Principal address
St Mary's Centre Lion Street Rye East Sussex TN31 7LB
Trustees Dr E Bamji Mr B Nealon Mrs K T Bruce Mrs C Emson Mr M Bruce Lord D Ampthill Mrs S Compton (resigned 1/1/2023) Mr G Hurley Mrs B Snashall Mrs S Jebb Mrs L Estrada Lady C Ampthill Mr D Angell Mrs K Redman Miss V Festing Mr W M Everett Revd P White Mr J Kent
Independent Examiner
Gibbons Mannington & Phipps LLP Chartered Accountants Landgate Chambers 24 Landgate Rye East Sussex TN31 7LJ
Approved by order of the board of trustees on 12 May 2024 and signed on its behalf by:
Revd P White - Trustee
Page 4
INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF PCC OF RYE WITH RYE HARBOUR
Independent examiner's report to the trustees of PCC of Rye with Rye Harbour
I report to the charity trustees on my examination of the accounts of PCC of Rye with Rye Harbour (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
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 2. the accounts do not accord with those records; or
-
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.
Joseph Greenslade The Association of Chartered Certified Accountants
Gibbons Mannington & Phipps LLP Chartered Accountants Landgate Chambers 24 Landgate Rye East Sussex TN31 7LJ
21 October 2024
Page 5
PCC OF RYE WITH RYE HARBOUR
STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 DECEMBER 2023
| Unrestricted funds Notes £ INCOME AND ENDOWMENTS FROM Donations and legacies 69,664 Charitable activities Church activities - Other trading activities 2 150,023 Investment income 3 3,979 Other income 10,852 Total 234,518 EXPENDITURE ON Raising funds 6,776 Charitable activities Church activities 31,747 Church ministry costs 212,715 Total 251,238 Net gains/(losses) on investments 10,298 NET INCOME/(EXPENDITURE) (6,422) RECONCILIATION OF FUNDS Total funds brought forward 201,537 TOTAL FUNDS CARRIED FORWARD 195,115 |
Restricted funds £ - 605 - - - 605 - - - - - 605 4,306 4,911 |
Endowment fund £ - - - 8,330 - 8,330 - 526 - 526 15,414 23,218 724,524 747,742 |
2023 Total funds £ 69,664 605 150,023 12,309 10,852 243,453 6,776 32,273 212,715 251,764 25,712 17,401 930,367 947,768 |
2022 Total funds £ 59,385 685 136,247 13,327 10,104 219,748 6,032 58,090 194,634 258,756 (26,281) (65,289) 995,656 930,367 |
|---|---|---|---|---|
The notes form part of these financial statements
Page 6
PCC OF RYE WITH RYE HARBOUR
BALANCE SHEET 31 DECEMBER 2023
| 2023 | 2022 | |||||||
|---|---|---|---|---|---|---|---|---|
| Unrestricted | Restricted | Endowment | Total | Total | ||||
| funds | funds | fund | funds | funds | ||||
| Notes | £ | £ | £ | £ | £ | |||
| FIXED ASSETS | ||||||||
| Tangible assets | 7 | 8,369 | - | 533,023 | 541,392 | 542,938 | ||
| Investments | 8 | 148,501 | - | 167,449 | 315,950 | 332,237 | ||
| 156,870 | - | 700,472 | 857,342 | 875,175 | ||||
| CURRENT ASSETS | ||||||||
| Stocks | 9 | 8,621 | - | - | 8,621 | 8,621 | ||
| Debtors | 10 | 108,313 | - | 47,270 | 155,583 | 158,963 | ||
| Cash at bank and in hand | 32,208 | 4,911 | - | 37,119 | 19,618 | |||
| 149,142 | 4,911 | 47,270 | 201,323 | 187,202 | ||||
| CREDITORS | ||||||||
| Amounts falling due within | ||||||||
| one year | 11 | (110,897) | - | - | (110,897) | (132,010) | ||
| NET CURRENT ASSETS | 38,245 | 4,911 | 47,270 | 90,426 | 55,192 | |||
| TOTAL ASSETS LESS | ||||||||
| CURRENT LIABILITIES | 195,115 | 4,911 | 747,742 | 947,768 | 930,367 | |||
| NET ASSETS | 195,115 | 4,911 | 747,742 | 947,768 | 930,367 | |||
| FUNDS | 12 | |||||||
| Unrestricted funds | 195,115 | 201,537 | ||||||
| Restricted funds | 4,911 | 4,306 | ||||||
| Endowment funds | 747,742 | 724,524 | ||||||
| TOTAL FUNDS | 947,768 | 930,367 |
The financial statements were approved by the Board of Trustees and authorised for issue on 12 May 2024 and were signed on its behalf by:
Revd P White - Trustee
The notes form part of these financial statements
Page 7
PCC OF RYE WITH RYE HARBOUR 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 Fixtures and fittings - 25% on cost and Straight line over 20 years
STOCKS
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.
TAXATION
The charity is exempt from tax on its charitable activities.
FUND ACCOUNTING
Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees.
Designated funds are ,monies set aside out of unrestricted funds for a specific future purpose.
Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes.
Further explanation of the nature and purpose of each fund is included in the notes to the financial statements.
PENSION COSTS AND OTHER POST-RETIREMENT BENEFITS
The charity operates a defined contribution pension scheme. Contributions payable to the charity's pension scheme are charged to the Statement of Financial Activities in the period to which they relate.
continued...
Page 8
PCC OF RYE WITH RYE HARBOUR
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 DECEMBER 2023
2. OTHER TRADING ACTIVITIES
| Tower receipts Income tax recoverable (tower) Commercial bookings Visitor centre (gift shop) 3. INVESTMENT INCOME Rents received Other fixed asset invest - FII Deposit account interest |
2023 £ 108,594 11,549 20,348 9,532 150,023 2023 £ 8,330 2,805 1,174 12,309 |
2022 £ 99,904 8,786 17,851 9,706 |
2022 £ 99,904 8,786 17,851 9,706 |
|---|---|---|---|
| 136,247 | |||
| 2022 £ 7,638 5,132 557 |
|||
| 13,327 |
4. TRUSTEES' REMUNERATION AND BENEFITS
There were no trustees' remuneration or other benefits for the year ended 31 December 2023 nor for the year ended 31 December 2022.
TRUSTEES' EXPENSES
There were no trustees' expenses paid for the year ended 31 December 2023 nor for the year ended 31 December 2022.
5. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES
| Unrestricted funds £ INCOME AND ENDOWMENTS FROM Donations and legacies 59,255 Charitable activities Church activities - Other trading activities 136,247 Investment income 5,689 Other income 10,104 Total 211,295 EXPENDITURE ON Raising funds 6,032 Charitable activities Church activities 57,316 Church ministry costs 194,634 Total 257,982 Net gains/(losses) on investments (14,755) |
Restricted funds £ 130 685 - - - 815 - 419 - 419 - |
Endowment fund £ - - - 7,638 - 7,638 - 355 - 355 (11,526) |
Total funds £ 59,385 685 136,247 13,327 10,104 219,748 6,032 58,090 194,634 258,756 (26,281) |
|---|---|---|---|
continued...
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PCC OF RYE WITH RYE HARBOUR
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 DECEMBER 2023
| 5. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES - Unrestricted Restricted funds funds £ £ NET INCOME/(EXPENDITURE) (61,442) 396 RECONCILIATION OF FUNDS Total funds brought forward 262,979 3,910 TOTAL FUNDS CARRIED FORWARD 201,537 4,306 |
continued Endowment fund £ (4,243) 728,767 724,524 |
Total funds £ (65,289) 995,656 930,367 |
|---|---|---|
6. INDEPENDENT EXAMINERS FEES
The Independent Examiner's remuneration represents the following:
| The Independent Examiner's remuneration represents the following: | ||
|---|---|---|
| 2023 | 2022 | |
| £ | £ | |
| Independent examination | 2,220 | 2,160 |
| Other financial services | 1,530 | 1,314 |
| 3,750 | 3,474 | |
7. TANGIBLE FIXED ASSETS
| COST At 1 January 2023 and 31 December 2023 DEPRECIATION At 1 January 2023 Charge for year At 31 December 2023 NET BOOK VALUE At 31 December 2023 At 31 December 2022 |
Freehold property £ 533,023 - - - 533,023 533,023 |
Fixtures and fittings £ 30,919 21,004 1,546 22,550 8,369 9,915 |
Totals £ 563,942 |
|---|---|---|---|
| 21,004 1,546 |
|||
| 22,550 | |||
| 541,392 | |||
| 542,938 |
The freehold land and buildings are owned by the Monastery Fund and comprise the house at 108 Pottingfield Road, Rye and the former Further Education Centre in Lion Street (St. Mary's Centre). The house is let and generating rental income and St Mary's Centre is used for ecclesiastical, educational and community purposes in accordance with the objectives of the underlying trust. The General Fund furniture, fittings and equipment comprises a boiler purchased for the Parish Church of St Mary the Virgin and a photocopier.
The house at 108 Pottingfield Road, Rye is carried at 'fair market value' and the St Mary's Centre church hall building is carried as a heritage asset at historic cost. Extensive improvements (including renovating the roof and downpipes) to the St Mary's Centre were carried out in 2014. These costs have been capitalised as additions to the Tangible Fixed Assets above. The average price paid for semi-detached houses in Pottingfield Road over the past year was used to establish the 'fair market value' as at 31st December 2015 for 108 Pottingfield Road.
continued...
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PCC OF RYE WITH RYE HARBOUR
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 DECEMBER 2023
8. FIXED ASSET INVESTMENTS
| MARKET VALUE At 1 January 2023 Disposals Revaluations At 31 December 2023 NET BOOK VALUE At 31 December 2023 At 31 December 2022 There were no investment assets outside the UK. Cost or valuation at 31 December 2023 is represented by: Valuation in 2023 Cost 9. STOCKS 2023 £ Stocks 8,621 10. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR 2023 £ Other debtors 155,583 |
Unlisted investment £ 332,237 (41,999) 25,712 315,950 315,950 332,237 Unlisted investmen £ 25,711 290,239 315,950 2022 £ 8,621 2022 £ 158,963 |
|
|---|---|---|
Included in other debtors is a total £108,709 which represents amounts owed between the designated,endowment and general funds. These amounts are created when transactions are settled with resources belonging to a different fund to which the transaction relates to.
It is not always possible for transactions to be settled within the correct fund due to the lack of available cash resources.
continued...
Page 11
PCC OF RYE WITH RYE HARBOUR
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 DECEMBER 2023
11. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
| CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR | ||
|---|---|---|
| Taxation and social security Other creditors |
2023 £ 388 110,509 110,897 |
2022 £ 920 131,090 |
| 132,010 |
Included in other creditors is a total £108,707 which corresponds to the figure and further detail include above in note 9.
12. MOVEMENT IN FUNDS
| MOVEMENT IN FUNDS | |||
|---|---|---|---|
| Net | |||
| movement | At | ||
| At 1/1/23 | in funds | 31/12/23 | |
| £ | £ | £ | |
| Unrestricted funds | |||
| General fund | 80,964 | (34,744) | 46,220 |
| Rye Harbour Fabric | 67,623 | 9,478 | 77,101 |
| Rye Fabric | 31,884 | 3,928 | 35,812 |
| St Mary's Centre | 6,066 | 4,066 | 10,132 |
| Legacies | 15,000 | 10,850 | 25,850 |
| 201,537 | (6,422) | 195,115 | |
| Restricted funds | |||
| Flower | 1,753 | 384 | 2,137 |
| Social | 2,423 | 221 | 2,644 |
| Jack Greenhalf | 130 | - | 130 |
| 4,306 | 605 | 4,911 | |
| Endowment funds | |||
| Monastery | 724,524 | 23,218 | 747,742 |
| TOTAL FUNDS | 930,367 | 17,401 | 947,768 |
continued...
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PCC OF RYE WITH RYE HARBOUR
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 DECEMBER 2023
12. MOVEMENT IN FUNDS - continued
Net movement in funds, included in the above are as follows:
| Incoming | Resources | Gains and | Movement | |
|---|---|---|---|---|
| resources | expended | losses | in funds | |
| £ | £ | £ | £ | |
| Unrestricted funds | ||||
| General fund | 205,762 | (240,506) | - | (34,744) |
| Rye Harbour Fabric | 1,874 | - | 7,604 | 9,478 |
| Rye Fabric | 1,234 | - | 2,694 | 3,928 |
| St Mary's Centre | 14,798 | (10,732) | - | 4,066 |
| Legacies | 10,850 | - | - | 10,850 |
| 234,518 | (251,238) | 10,298 | (6,422) | |
| Restricted funds | ||||
| Flower | 384 | - | - | 384 |
| Social | 221 | - | - | 221 |
| 605 | - | - | 605 | |
| Endowment funds | ||||
| Monastery | 8,330 | (526) | 15,414 | 23,218 |
| TOTAL FUNDS | 243,453 | (251,764) | 25,712 | 17,401 |
Comparatives for movement in funds
| Unrestricted funds General fund Rye Harbour Fabric Rye Fabric St Mary's Centre Legacies Restricted funds Flower Social Jack Greenhalf Endowment funds Monastery TOTAL FUNDS |
At 1/1/22 £ 144,985 76,590 32,028 (5,624) 15,000 262,979 1,667 2,243 - 3,910 728,767 995,656 |
Net movement in funds £ (62,293) (8,967) (144) 9,962 - (61,442) 86 180 130 396 (4,243) (65,289) |
At 31/12/22 £ 82,692 67,623 31,884 4,338 15,000 201,537 1,753 2,423 130 4,306 724,524 930,367 |
|---|---|---|---|
continued...
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PCC OF RYE WITH RYE HARBOUR
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 DECEMBER 2023
12. MOVEMENT IN FUNDS - continued
Comparative net movement in funds, included in the above are as follows:
| Incoming | Resources | Gains and | Movement | |
|---|---|---|---|---|
| resources | expended | losses | in funds | |
| £ | £ | £ | £ | |
| Unrestricted funds | ||||
| General fund | 190,801 | (253,094) | - | (62,293) |
| Rye Harbour Fabric | 3,166 | - | (12,133) | (8,967) |
| Rye Fabric | 2,478 | - | (2,622) | (144) |
| St Mary's Centre | 14,850 | (4,888) | - | 9,962 |
| 211,295 | (257,982) | (14,755) | (61,442) | |
| Restricted funds | ||||
| Flower | 505 | (419) | - | 86 |
| Social | 180 | - | - | 180 |
| Jack Greenhalf | 130 | - | - | 130 |
| 815 | (419) | - | 396 | |
| Endowment funds | ||||
| Monastery | 7,638 | (355) | (11,526) | (4,243) |
| TOTAL FUNDS | 219,748 | (258,756) | (26,281) | (65,289) |
A current year 12 months and prior year 12 months combined position is as follows:
| Unrestricted funds General fund Rye Harbour Fabric Rye Fabric St Mary's Centre Legacies Restricted funds Flower Social Jack Greenhalf Endowment funds Monastery TOTAL FUNDS |
At 1/1/22 £ 144,985 76,590 32,028 (5,624) 15,000 262,979 1,667 2,243 - 3,910 728,767 995,656 |
Net movement in funds £ (97,037) 511 3,784 14,028 10,850 (67,864) 470 401 130 1,001 18,975 (47,888) |
At 31/12/23 £ 47,948 77,101 35,812 8,404 25,850 195,115 2,137 2,644 130 4,911 747,742 947,768 |
|---|---|---|---|
continued...
Page 14
PCC OF RYE WITH RYE HARBOUR NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 DECEMBER 2023
12. MOVEMENT IN FUNDS - continued
A current year 12 months and prior year 12 months combined net movement in funds, included in the above are as follows:
| Unrestricted funds General fund Rye Harbour Fabric Rye Fabric St Mary's Centre Legacies Restricted funds Flower Social Jack Greenhalf Endowment funds Monastery TOTAL FUNDS |
Incoming resources £ 396,563 5,040 3,712 29,648 10,850 445,813 889 401 130 1,420 15,968 463,201 |
Resources expended £ (493,600) - - (15,620) - (509,220) (419) - - (419) (881) (510,520) |
Gains and losses £ - (4,529) 72 - - (4,457) - - - - 3,888 (569) |
Movement in funds £ (97,037) 511 3,784 14,028 10,850 (67,864) 470 401 130 1,001 18,975 (47,888) |
|---|---|---|---|---|
13. RELATED PARTY DISCLOSURES
During the year ended 31 December 2023 the charity received donations from two Trustees totalling £780.
During the accounting period Trustee; Mr M Bruce received £120 in relation to organist services.
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