SHERINGHAM PCC (Charity number 1132323) Treasurers report for 2023 accounts
Income 201% of budget. Expenditure 99% of budget.
INCOME £167460 (£102403 without Legacy and Grants. 123%)
Planned Giving (£38503) an increase of £1700 on 2022. (104% of budget).
33 givers are now regularly using the Parish Giving Scheme with 20 choosing a standing order and a further 22 giving by regular envelope. With Barclays closing, we face an issue with the amount of cash and coin which has to be paid over the post office counter. If you haven’t joined the Parish Giving Scheme yet, please pick up an application form in the church or point your phone camera at this QR code.
Dividends, Income and Property (£2946)
The value of our Fidelity Investment recovered in 2023 and contributed to the reduction in our budget deficit. Collections at services (£10132) we can claim Gift Aid on up to £10000 of loose change giving which means we are not claiming for all money given. Again, please consider the way you give to the church and consider using the Parish Giving Scheme.
EXPENDITURE £104983
Church Running Expenses (£17124) The biggest costs were £4855 for Insurance, £2172 for organ repairs, £2463 for the warm hub (covered by a grant) and £3103 for routine repairs and maintenance, mostly relating to electrics. Church Utility Bills £6038 although an increase on 2022, overall costs were only 81% of budget The largest cost which we cannot avoid paying is to National Power of approx. £250 per month to guarantee our supply of electricity.
BALANCE SHEET (+£62477)
The net figure is thanks to legacies again in 2023 otherwise the accounts would show a £2580 loss. A massive improvement on the £32342 loss before legacies in 2022.
On a positive note, there has been a phenomenal effort made by everyone involved with Fund Raising. £9000 I felt was a realistic target based on the previous year, but that was smashed with an incredible £17852.
SUMMARY
Both 2022 and 2023 show us how much financial difficulty the church would be in without legacies so please remember St Peters in your will to save our church for future generations.
2024 brings new issues with both gas boilers out of commission and looking at major repairs. Also, the closure of Barclays bank means that we have to rely on the post office for our banking. If you are regularly using cash for collections, please join the Parish Giving Scheme to reduce the amount of cash we hold. Ask a member of the PCC to tell you how simple it is to join.
D Tuthill 24.2.24
| St Peters Church - Sheringham PCC (Charity | St Peters Church - Sheringham PCC (Charity | no.1132323) |
|---|---|---|
| Income and Expenditure for the year ended 31 | December 2023 | |
| 2022 | 2023 | |
| Income | ||
| 36803 | Planned Giving | 38503 |
| 10671 | Collections at services | 10133 |
| 7517 | All Other Giving | 8871 |
| 12660 | Gift Aid Tax | 16357 |
| 35000 | Legacies | 65057 |
| 8377 | Grants | 4120 |
| 8740 | Fundraising | 17852 |
| -11144 | Dividends, Income, Property | 2946 |
| 10729 | Fees | 2399 |
| 1591 | Trading acivities | 1223 |
| 120944 | 167460 | |
| Expenditure | ||
| 165 | Cost of Fund Raising | 180 |
| 1522 | Mission Giving & Donations | 2399 |
| 64942 | Diocesan Share | 63247 |
| 7583 | Diocese Fees | |
| 18438 | Salaries, Wages & Honoraria | 15995 |
| 13390 | Church Running Expenses | 17124 |
| 5643 | Church Utility Bills | 6039 |
| 111684 | 104983 | |
| 7086 | Major Capital Expenditure | 0 |
| 118770 | 104983 | |
| 2174 | Income less Expenditure | 62477 |
| 58425 | Balance brought forward | 61084 |
| 2658 | Income less Expenditure | 62477 |
| Investment Fund(Increase/Decrease) | ||
| 61084 | 123561 | |
| Bank balances | ||
| 19407 | Current Account | 8938 |
| Savings Account | 70000 | |
| 41626 | Fidelity | 44573 |
| 50 | Petty Cash | 50 |
| 61084 | 123561 | |
| Summary of balances | ||
| 13578 | PCC Funds | 6861 |
| 47506 | Legacy Fund | 115509 |
| Organ | 1191 | |
| 61084 | 123561 |
Examiner
Treasurer Examiner Doug Tuthill Michael R Segon ACIB 8 Nelson Way 15 Field Lane Mundesley Fakenham NR11 8JD NR21 9QX
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