CHURCH OF ENGLAND ST JOHN'S CHURCH FELBRIDGE ANNUAL REPORT 2023 ANNUAL REPORT and FINANCIAL STATEMENTS of the THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF ST JOHN'S FELBRIDGE Registered Charity number 1132388 For the year ended 31 December 2023 CONTENTS ANNUAL REPORT OF THE PAROCHIAL CHURCH COUNCIL, ADMINISTRATIVEINFORMATION..................................................... REVIEWOF THE PROCEEDINGS OF THEPCC................................. FINANCIAL REVIEW............................................................................. RISK ASSESSMENT and STA TEMENT OF THE PCC S RESPONSIBILITIES.............................................................................. INDEPENDENT EMMINER'S REPORT.................................................... STATEMENT OF FINANCIAL ACTWITIES................................................. BALANCE SHEET................................................................ NOTES TO THE FINANCIAL STATEMENTS..........................................9-17 ohn's hurch Felbrid Vicar The Revd Mark Francis, Ilo 31 December 20231 The Vicarage, 8 The Glebg, Fglbridge, East Grinstead RH19 2QT Independent Examiner." Mrs Sundry Sundaran. ACA, FCCA. Brooks & Co. Chartered Accountants, Suite 3, Independent House, Independent Business Patk, Imberhome Lane, East Grinslead, West Sussex, RH19 1TU Bankers." CAF Bank Ltd, 25 Kings Hill Avenue, Kings Hill, Kent, ME19 4JQ Natvvest ple, 15. London Road, EG, RH19 1 GP The P.C.C of the Parish of StIDhn's Felbridge 15 è Registered Charity. nurnber 1132388
ANNUAL REPORT OF THE PAROCHIAL CHURCH COUNCIL of ST JOHN'S FELBRIDGE FOR THE YEAR ENDING 31 DECEMBER 2023 Tre Pafochial Church Council has pleasure in presenting Ils report arKI Ftiiancial Slaleinenls of the Charily for the year ended 31$t December 2023. The Financial Statements have been prepared In aecordance with the policies set out on page 9 and ccxmply with the Church Accounting RegulatnS 2006 and applicable law. ADMINISTRATIVE INFORMATION The Parochial Church Council of the Ecclesiastical Parish of Sl John's, Felbridge was registered as a charity on 28th October 2009, and ils governing document is the Parochial Church Council Powers Measure119561 as amendèd and the Church Representation Rules. The Charity regislratKJn nlber is 1132388. During the year, the following served as members of the Parochial Church Council IPCCI and as Trustees." Vicar. (Chair lo July 20231 Mark Francis Curate. Ico-optedl Rob Hindmarch Reader. Ico-opledl Nick Smith Churchwarden". IEx-Officiol Chris Bowes Churchwarden." IEx-Officiol (Vi Chairl Phil Tadman (until 31 December 2023) (from 26, June 20221 (until Meeting of Parishioners 20241 (until Meeting of Parishioners 20241 Representatives on the Deanery Synod.. David Brows Grant Pyner Nick Smith Phil Tadman Brenda Wilkinson (until APCM 20261 (until APCM 20261 lunlil APCM 20261 (until APCM 20231 (until APCM 2026} Elected members.. Carol Bagshawe ITfeasuror) (until APCM 2025) Tim Cole (until APCM 20261 Jeremy Ellwood (until APCM 2025} Malcolm Francis (until APCM 20231 David Legg ISecretary} (until APCM 20261 Miriam Markham (until APCM 20231 Elizabelh Purdy lunlil APCM 20261 Quanlin Purdy lunlil APCM 2026) Mary Pyner (until APCM 20251 Rowan Saunders lunlil APCM 20251 Amo Viviers lunlil APCM 20251 BFenda Wilkinson (until APCM 2023} Structure* govemance and management Membership of the PCC is determined under the Church Representation Rules and consists of rtain ex- officio members Ilhe incumbent. curate, lay readers licensed to officiate in the church). the Churchwardens and members of the Deanery, Diocesan or General Synods plus up to twelve tnembers of the chuich who are elected at the Annual Parochial Church Meeting IAPCMI. Church members are warmly enwuraged lo sland foF election lo the PCC. and we try lo ensure a balan of skills and experien where possible. The 2023 Meeting of Parishioners and the APCM took place on 23rd May 2023. Objectives and activities The primary objective of Sl John's PCC is the promotion of the Gospel of the Lord Jesus Christ according lo the doctrines and practices of th& Church of England, and our mission slalement is'lo gather, grow and go, as followers of Jesus Christ,. The PCC has the responsibility of cLK)perating with the Vicar, the Revd Matk Francis (until 31 December 20231 in promoting in the ecclesiastical parish the whole mission of the Church pastoral, evangelistic, social and ecumeni¢al. The PCC has given consideration to the Charity Commissiori's general guidance on public benefit under Section 17 of Ihe 2011 Charities Act. Electoral Roll and Church Attendance Following the annual revision of the Electoral Roll IERI in 2023 there were 191 people12022."1931 on the ER on 23rd May 2023, 4412022'.471 of ¥0M were Sident within the parish. SrA12022.. 131 new members were added during the year with a loss of eight {2022' seven) members in the same period. The revision of the ER in April 2023 means that it reflects the gUlar commitment to Sl John's as names have been removed due lo death and members who had moved since the last new ER was made in 2019. The P.CC. ofthe Pari5th 015tJohn's Felbrldge Is a RÈ8iSte¥ed thority. number 1132388 Page 2
ANNUAL REPORT OF THE PAROCHIAL CHURCH COUNCIL of ST JOHN'S FELBRIDGE FOR THE YEAR ENDING 31 DECEMBER 2023 The average weekly allendance on a usual Sunday in 2023 was as follows." 10.00 am service- adults 63 {2022". 7618nd 2012022." 201 children.. lo'( am liveslream150 views)," 6 pm service - adults 3512022'.391 and 11 12022."12) youth", Mondays (Communion servi/COnnectIOns Praisel at 2.00 pm 34 adults and St John's online 17 adults. The VerVeBs youth groups saw around 20 attendees each week and XTB in Felbridge Primary School averaged 17 cjiildren each week The total av&rage attendan on a Sunday across both servi5 in October 2023 was 98 adults and 31 young people under 16 Iplus 50 YouTube views for those attending online). By comparison, the average weekly allendance on a usual Sunday in 2022 was 115 adults and 32 youro Peop under 16 (plus 95 people making YouTube views). Those who attend more than one servic8 are only counted on. The 'worshipping community, al the end of 2023 was 28813D7 in 20221, including 71 {2022."77) under 16, 85 reported on the 2023 Church of England ststislics for mission relurn. The Rock, BOSS and Verve children and youth and groups continued lo meet in weekly. The TBS Group that mel in church on Friday evenings after Verve in 2022 did not meet in 2023. ACHIEVEMENTS OF THE YEAR The 2023 APCM was held on 23r4 May and at the preceding Meeting of Parishioners, Phil Tadman *)d Chris Bowes were eleded as Churchwardens. At the APCM ilseK, David Brows, Grant Pyner, Nick Smith and Brenda Wilkinson were nominated and accepted as Deanery Synod represenlaives and automatically became members of the PCC. Malcolm Francis. David Legg, Mirk?m Markham and BrerKla Wlkinson had reached the end of their three-year lems as PCC members. Malcolm and Miriam stood down but David and Brenda were willing to sland for membership again, Brenda as Deanery Synod represenlalive, and both were duly nominated and accepted. In addiEion, there were three further nominations for PCC membership- Tim Cole, Elizabeth Purdy and Quentin Purdy- and all were aCpted. This gave a total PCC membership for the coming year of seventeen- Mark Francis as Chair until his final PCC meeting in July 2023, two ¢hur¢hwardens," four Deanery Syncxl representatives, eight lay members and two ex offi¢io members IRob Hindmarch and Nick Smith) At the PCC meeting on 30 May 2023, the PCC elected David Legg as Secretary and Electoral Roll Off icer and Carol Bagshawe as Treasurer. The PCC met six times during 2023 for ils bi-monthly meetings with an additional meeting held on Novemb¥ 1 2023, this being the 'Preliminary Vacancy meetinglPre-Seion 11 Meeting,, the first stage In the prOsS to recruit a new vicar of Sl John's. Average attendan for the yeaf s meetings was twelve. PCC meetings always begin with a Bible reading and a lime of prayer in order to seek the Lord's guidan¢e in ils discussions and prayer Continues at intervals during the meetings. Each meeting includes a review of both the chLJrch's finances and safeguarding Task Team leaders also present a report of the activities of their teams sinee the preceding meeting. The rich and varied topics discussed by the PCC durtng the year Included: ongoing discussion of, and the PCC response to, the Church of England's Living in Love and Faith and Prayer5 of Love and Faith pro$$ including agreement of a PCC Resoltrtion on the subject the Sl John's Vision the Sl John's team visit to Uganda revisiting the Youth Team Envlronmental Report and proposals changes to the PCC staff team including the appointment of a Children's Worker (Roxi Cole) reviews of the Glebe C8télCommunily Fridge project Following Mark's decision to step down as vur due to ill health, there was discussion about the vacancy procedure and the arrangements that needed to be Fxrt in plac8 to achieve an appointment of a successor. The PCC formed a Vacancy Working Group lo draft a Parish Profile, a prerequisite lo advertising the vacancy. Amongst other topi discussed were muneration for PCC employees." the Parish Support Fund and our contribution5 to it,. Rob Hindm8rd)'s Pilgrimage to the Holy Land,. plans for the Coronation weekend the dislribuliori of funds raised through the World Mission Grft Day. Many other mallers were discussed as part of individual team reports. The P.C.C. of the Partshof Stlohn's Felbridge is a Registered Charity. nurnber1132388 PJge 3
ANNUAL REPORT OF THE PAROCHIAL CHURCH COUNCIL ST JOHN'S FELBRIDGE FOR THE YEAR ENDING DECEMBER 2023 FINANCIAL REVIEW We are grateful to all those who support St John's through their prayeis and donations. We Iharkk God for the response and generosity of church members during 2023. Although il was a dlcUlt year for many, donations increased by 4 5%. Many Church members have a valid gbft aid declaration in place, which ine8$e$ donations made by 250A. The 2023 finances enabled the mission and fninistry of Sl John's lo proed without a need to change the budget for 2023 that had been agreed by the PCC in November 2022. 2023 again highlighted the impoflance of regular voluntary Income provided by members Standing orders and bank transfers are well used, and the card readerfacility was alsowell used in 2023. Although the agreed budget foi 2023 was not amended. the PCC felt able tofund the appoi¥rtment of a 10 hours a week Children's worker from September 2023. The full annual accounts are available on pages seven lo seventeen of this annual report. Some points of interest are as follows.. Result: It Is encouraging lo note that the total funds of the PCC only decreased by £1,049 dufing 2023 compaffd lo decrease of £7,114 in 2022 The total funds on 31 December 2023 were £183.274 12022". £184.3231. However. the total funds included £22,381 festricted ftjnds 12022. £12.2661, the balance of funds being designated £49,436 (2022.. £44,4) and undesignated unrestricted reserves of £111,45712022' £127,621) being a decrease of 12.7%. Income: Total income was £202,866 which was £5,78712.9Yol more Ihan the 2022 lolal of £197,079. In addilion lo the Increase in general giving by church members, there was a signrficant Increase in reslricled income, due to a team visrt lo mission partners in Uganda, and some giving related to the ill health of the vicar. In addition, the PCC received two grants lotallin9 £2,900 in 2023 and the investment income rose to £4,546 (2022.. £1,309> due to higher interest rates. The range of methods available to Fnake financial contributions (standing orders, bank transfers, card reader, and the use of Stewardship and the Charities Aid Foundation) was appreGiated by members and visitors in 2023. The majority of donations given in 2023 were made tax effectively. by the use of Grt Aid and the Grft Aid Small Donations Schemes, administered by His Majesty's Revenue and Customs. The PCC encourages tax-effective giving and cOm[nends the use ot Gift Aid to any who pay lor have deducted) income andlor capital gains tax. Pleasa contact a member of the finan team rf you want more information. Expenditure: Total expenditure for 2023 was £205,90812022 £201,404), being an increase of just over two Pern1 in 2023 cornpared to 2022. The sum of £69.972 was paid to the Dioeesan Parish Support Fund IPSFI in 2023 12022 £68:600). This contribution to the diocese is for housing, stipend ard pension costs of clergy, plus amounts for dI0$an central costs, clergy training and a contribution lo national church funds. The PSF requires the PCC lo offer 8 pledged contribution to the diocese by early September each year. for payment during the following year. The pledge is made by the PCC as they apply the three main principles of the PSF. being proportionalty. infom)ed generosity and an encouragement to be self-financing. The PCC submils the annual pledge to the Archdeacon. who has accepled the pledge of £73,300 for 2024. In addilion lo the pledge, the diocese reIVeS wedding and funeral fees from the PCC, and income from the Margary Trust, as explained on page 17. note 14 of the financial statemenls. Funds: As slated above, the funds lotalled £183,274 at the end of 2023 12022 £184,323). The funds *ndude a designated Quinquennial fund. for use in allending lo church repairs, following Quinquennial Inspection Reports. The next inspection is due in 2024. Details of the funds at 31 December 2023 are shown In note 9 of the accounts. We tTUSt that the funds together with the ongoing financial support of thurch members, will help the parish achieve ils mission and ministry objectivgs for 2024_ The Future: In November 2023 the PCC agreed 2024 budget Commitments lotalling £214,000 (2023 £?0?,(0) to progress the work and mission of tha church, noting our current commitments, our vision and desire to reach out to the parish and beyond with the Gospel of the Lord Jesus Chri51. The PCC trust that the members of Sl John's will continue lo support the work of the church and the signrficant challenges that lie ahead, by their prayers and financial grfts. Thanks: As we thank all those vtho contribute lo St John's, we also thank members of the fin8nce team, and particularly Carol Bagshawe for her work as PCC treasurer, and the other members of the finan team. Tre details in the 2023 annual accounts provide both encouragements and challenges. May we hear what God is saying to us as we reVW the accA)unts, ttusl Him for the future, and seek lo keep in slep with the Spirit, day by day. The P.C.C. of thè Parish ofStJohn s Felbridge is a RÈgiStèred Charty. Thumbèr 1132888 Paze4
ANNUAL REPORT OF THE PAROCHIAL CHURCH COUNCIL ST JOHN'S FELBRIDGE FOR THE YEAR ENDING DECEMBER 2023 Reserves Policy: The PCC VIeW their reserves 2t their meetings, as the aim is to hold a minimum of three months of the previous year's regular operating expenditure as unrestricted reserves. This level is lo enable the PCC to be a responsible employer and lo manage ils ccmnmitments, including ils annual pledge to the Diocesan Parish Support Fund. addition. a transfer of £5.000 is made each yearfrom the General Fund lo the Quinquennial Fund. The Quinquennial fund is used primarily lo athieve work reqUed. as specrfied in Inspecting Architect's reFK)rts following Quirv4uennial inspections. The next Quinquennial Survey is due lo be completed in 2024_ Investment Poli¢y: The PCC invest funds with CCLA via a Church of England Investment Fund and a Deposit Aceount. The main PCC bank account is with CAF Bank Ltd. The PCC seeks to keep any surplus liquid funds in short-lemi deposits, which can be readily available, bul InteSt rales remain very low. The PCC are grateful for the work of the Finance Team, who themselves appreciate the engagement of the PCC ill finan matters, and the support of others with particular roles relating lo the finan$ of the church. These include the Sidespersonslwelcomers, task teams, and all who ccnlribute to Sl John's, and its stewardship of resources entrusted to the PCC RISK A SESSMENT Sl John's Church has established a Risk Management PrOsS to identty and manage the risks to which the Church is exposed. The PCC supports a four-stage Risk Management Process which involves111 identifying the potential risks lo which Sl John's is exposed and logging them In a Risk Register,'121 an assessment of the potential impact and probability of those risks ¢ryslallising",131 an agreement that the high-level risks will have appropriate c4)nlrols or action plans lo mitigate them., and141 an ongoing Monitoring ProTrss lo review the existinglnew risks as w@11 as the progress wFth respect lo completing the hJh-IeVel risk action plans. The key risk groups lo which Sl John's is potentially exposed are. Financial. Health & Safely, Repulal¢on. Operational, Security, Legal Islatulory Requirementsl and Safeguarding. STATEMENT OF THE PCC'S RESPONSIBILITIES Law applicable lo charilEs in England and Wales requires the Trustoes lo prepare fi'nanci81 slalements for each financial year which give a true and fair view of the Charity's financial activities during the year and of ils financial position al the end of the year. In preparing those financ1 statements, the Ttuslees are required to. al select suitable accounting policies and then apply them consistently., bl make judgements and estimates that are reasonable and prudent.. cl stale whether applicable accounting standards and statements of recommended practice have been followed stjbject to any departures disclosed and explained in the financial slalemenls". 8TKI dl prepare the financial Slalements on the going concem basis unless (( is inappropriate lo pume that the tharily will continue in busess. The Trustee5 are responsible for keeping accounting records which disclose with reasonable acwracy al any time the financial position of the Charity and enable them to ensLÈie that the financial statements comply with the Charilies Act 2011. 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. Signed on behalf of the PCC.. Philip Tadman Ichairmanl David Legg Isecretaryl 19th March 21Y24 The P.C.C of the Parish of Stjohn's FelbrldgÈ Is è Rèwstwe(I Charity, nvrnber1132383 Pa¥e5
INDEPENDENT EXAMINER'S REPORT TO THE PAROCHIAL CHURCH COUNCIL OF ST JOHN'S FELBRIDGE I report on the accounts of the Parochial Church Council (the PCC} of Sl John's, F&Ildge for the year ended 31 DeTrmber 2023. which are set out on pages 7 to 17_ Respective Responsibilities of the PCC and the examiner The member5 of the PCC are responsible for the preparation of the accounts. The members of the PCC consider that an audit is not required for this year under section 144121 of the charItS Act 2011 (the 2011 Act) and that an independent examination is needed. It is my responsibility to.. ex2mine Ehe accounts of the PCC under section 145 of the 2011 Act, follow the prOdureS laid down in the general directions given by the Charity Commission lunder section 14515)Ibl of the 2011 Act, arKJ stale whether particular mallers have come lo my attention. Basis of Independent Examlnerfs Report My examination was eartied out in aCLYjrdan with general directions given by Ihe Charity Commission and to be found in the Church guidan, 2001 edition, issued by the Finance Division of the Archbishops, Council. An examination includes a review of the accounting records kept by the PCC and a comparison of the accounts presented with those records. It also includes nsIderation of any unusual items or disGlosures in the accounts, seeking explanations from the members of the PCC conceming any such matters. The procedures undertaken do not wovide all the evidence that would be required in an audit, and consequently no opinion is given 85 lo whether the accounts present a 'true and fair view, and the report is limited lo those matters set out in the statement below. Independent Examiners Statement In connection with my examination, no maller has come to my atterition which gives me reasonable cause to believe that in, any material respeci, the requirements." to keep accounting records in accordance with section 130 of the 2011 Act and to prepare accounts which accord with the accounting records and comply with the accounting r8quirements of the 2011 Act and with the methods and princ4)les of the Statement of Recommended PracliTr ISORPI.. Accounting and Reporting by Charrties. have not been met", or to which, in my opinion, allenlion should be drawn in order lo enable a proper understanding of the accounts lo be reached. Mrs Sundry Sundaran ACA, FCCA Suite 3. Indep8nd&nt Housa Independent Business Park Imb8rhorn@ Lane East Grinslead Wesl Sussex RH19 1TU For arKI on beha of Brooks & Co Dated.. April 2024 The P.C.C.ofthePari5h of StJohD'5 Felbridge Is i Registered Charlty. number 11323È8 Pa826
FINANCIAL STATEMENTS OF THE PAROCHIAL CHURCH COUNCIL For the ear ended 31st December 2023 PAROCHIAL CHURCH COUNCIL OF ST JOHN'S, FELBRIDGE STATEMENT OF FINANCIAL ACTIVITIES for the year ended 31" December 2023 TOTAL FUNDS 2023 TOTAL FUNDS 2022 Unrestricted Funds Restricted Funds Notes Incoming resources Donations apKI legacies Charrtable activities Investments Other Total incoming resources 28 2b 145,159 5.845 4.546 1.400 156,950 44.416 189,575 5.845 181,455 11.915 1,309 2,400 197,079 2c 2d 1,500 45,916 2,900 202,866 Outgoing resources: Raising profile Charrtable activities Total outgoing resources 3a 3b 1,951 134.705 136,656 1,951 203,957 205,908 1,950 199,454 201,4)4 69,252 69,252 Net incominglloutgoing) rgsourcos 20.294 123,3261 £3,042) 14,3251 Transfers betsveen fd$ Gainlllossl on investments 133,4511 1,993 33,451 1,993 12,7891 Net movement in funds 111,1641 10,115 {1,0491 17,1141 Re¢oncillation of funds: Total funds brwght forward 172.057 12,266 184.323 191.437 Total funds carried foThvard 160.893 22,381 183,274 184,323 The acc(xnpanying rteS on pages 9 10 17 fomi part of the fin2ncÈal stalemenls. (The Statement of Financial Activities for the year eryjed 31 Dember 2022 is stated at Note 11.) The P.C.C. of the PaSh of Stlohrt's FelbrldgÈ Is è Reelgtered ChgTity. number1132388 Page 7
PAROCHIAL CHURCH COUNCIL OF ST JOHN'S FELBRIDGE BALANCE SHEET AT 31ST DECEMBER 2023 Notes 2023 2022 Fixed Assets Tangible fixed assets Investments 775 23.003 2,993 21,010 Total fixed assets 23,778 24,003 CUent assets Debtors Deposit accounts Cash at bank and in hand 3.930 152.032 8.959 164,921 9,875 143,511 26,549 179,935 Llabllltles: Creditors.. amounts falling due within c¥)e year 5,425 19,615 Not currgnt assets 159,496 160,320 Total current assets less liabilities 183,274 184,323 NET ASSETS £183,274 £184.323 The Funds ofthe Charity: Restricted funds 22,381 12,266 General Fund Designated Fund- Quinquennial Designated Fund- Church Buildin9 Unrestricted funds 111,457 49,436 127,621 44,436 160.893 172,057 TOTAL CHARITY FUNDS £183.274 £184.323 Approved by the Paro¢*Jial Church Council on 19th March 2(f24 and s¥Jned on its beha.. Carol Bagshawe Philip Tadman The accompanying notes on pages 9 to 17 fom part ot the financial statements The P.c.c. of the P&Fish ofstlchn's Felbrfd8e1s a Re8iStered Charlty. nttrnr 1132388 Page 8
PAROCHIAL CHURCH COUNCIL OF ST JOHN'S FELBRIDGE NOTES TO THE FINANCIAL STATEMENTS For the ear ended 31, December 2023 1. Accounting Policies Accountin9 convention The Financial Statements have been prepared in accordance with the Church Accounting Regulations 2006, logalher wilh applicable accounting standards, SORP IFRS 1021 and the Charities Act 2011. The Financial Slalemenls have been prepared under the historical cost cnnvenlion as modrfied by the inclusion of investment5 at market value and by the revaluation of fixed assets. The Financial Stalemenls Include all IT8nsa¢tions. assets ar)d liabilities for whi¢h the PCC is responsible In law. They do not include the accounts of church groups tha owe their affiliation to arther bc%Jy, nor those which are infomal g8lherings of church members. b Fund accounting Funds held by tho PCC are.. Unrestricted funds- general funds which can be used for PCC ordinary purposes. Designated Funds- moni8s set aside by th& PCC out of unre51ricted funds for spectfic ful(re purposes or projects. Restricted Funds- a) income from trusts or endowments which may be expended only on those restricted objects wovided in the terms of the trust or bequest", bl donations or grants received for a specrfic object or inviled by the PCC for a specrfic object. The funds may only be expend&1 on the specrfic object for which they were given. Any balance remaining unspent al the end of the year is rried forward as a tsalan on that fund. Endowment funds- funds the capital of which must be maintained, only income arising from the investment of the endowment may be used, either as restricted or unrestricted funds, depending on the purpose set out Fn the lemis of the original endowment. Incoming resources All incoming resources are accounted for gross. Voluntary Income CollectNons are recognised when received. Planned gNving rèceivable is recognised only when received. Income tax recoverabSe on Grt Aid donations is recognised when the income is recognised. Grants & legaGies are recogni*d when the PCC is legally entitled to the amount due. Income fron7 investments Dividends are accounted for when due and payable. Interest enlillements are accounted for as they are reived. All other incomè All other in¢om8 is reccMJnised when il is receivabl8. Gains & losses on invostmgnts Realised gains are r8cognised when investments are sold Unrealised gains and losses would be accour)ted for on a revaluation al 31 December in the year ol valuation. The P.C.C of the Parish of Stjohn's Felbridge is a Registered (harty, number 1132388 Page 9
PAROCHIAL CHURCH COUNCIL OF ST JOHN'S FELBRIDGE NOTES TO THE FINANCIAL STATEMENTS continued For the ear ended 31 December 2023 d Outgoing resourcos ReSoUrS expended are accounted for on an accfuals basis and are accckjnted for gross. Granls Grants and donations are accounted for when paid over, or when awarded where the award creates a b5nding obligation on the PCC. Church Activities The parish contribulion lo the Diocesan Parish SLlPPOrt Fund is accounted for when paid. Any parish contribution unpaid at 31 December is provided for in these accounts as an operational Ilhough not a legall liability and is Shown as a creditor in the balan sheet. e Fixed Assets Tangible fixed assets Consecrated and benefId property of any kind is excluded from the accounts by Section10 of the Charitie5 Act 2011. Movable church furnishing held by the Vicar and Churchwardens on special ttusl for the PCC and which require a faculty for disposal are accounted for as inalienable property unless Consecrated They are listed in the Church's inventory, which can be inspected Éor Inalienable property acquired prior to 1995 there is insLrffficient cost information available and therefore suth assets are not valued in the awounts. Individual itams acquired Sin 1995 have been capitalised in the a¢tounis at cost and deprecialecl over their useful economic lrfe. All expenditu on consecrated or beneficed buildings and individual items costing under £500 are wrillen off in the year they were inwrred. Depreeiation Depreciation is calculated to write down the cost of tangible fixed assets, excludng freehold properties, over their expected useful lives. The rates generally applicable are". Fixtures and fittings 250A straight line Computer and AV eqLsipment 33.3Qfi slraighl line f Current Assets Amounts owing lo the PCC at 31 December in respect of fees, rents or other income are sh(Iwn as debtors less provision for amounts that may prove uncollectible. Short-term deposits include cash held on deposit either with the CCLA, CBF Church of England Funds. CAF Bank Ltd, or al Nalwesl Bank PLC. The PCC op&ned a¢counls with CAF Bank Ltd in 2016. due to th& Charges now applied by Natwesl Bank PLC on charities with a tumover of moro than £100,(X)O. g Going Concern The Charity Is grateful for the financial support from members of Sl John's. There are no material UncertainlS about the ch8rity's ability to continue as a going cOnrn. We are grateful that lo dale we have not suffered a more subslanlial reduction in income due lo the psndemic, or ils impact on the economy. but the PCC remain alert to this possibility. Tlp.c.c. ofihe Parish ofStJohTr's FIbrge Is a Rewstered Chèrty, number 1132388 Page 10
PAROCHIAL CHURCH COUNCIL OF ST JOHN'S FELBRIDGE NOTE TO THE FINANCIAL STATEMENTS continued For the ear ended 31° December 2023 I Incorning resources Urirestri¢ted Funds Restricled Funds TOTAL FUNDS 2023 TOTAL FUNDS 2022 2a tlonalions and Legacies Regular giving CollectvJns at ServIS Grft days Sundry donations & appeals Legacies Income tax recoverable 118,389 2,606 22,989 141,378 2,906 20.882 1.408 120,556 4,822 20,449 5,041 20.882 245 1,163 23,001 145,159 23,001 189.575 30,587 181,455 44.416 2b Charitable activities Income frorn use of buildings Fees from weddings, funerals Other 8Ctivttylevents Book sales & Glebe café 2,942 1,429 487 987 5,845 2.942 1.429 487 987 5,845 3,338 4,562 3,241 774 11,915 2¢ Investment income Interest 4.546 4.546 1,309 1,309 4,546 2d Otherincome Energy Grant Fresh Expressions Grant 1,400 1,400 1,500 2,900 1.400 1,000 2,400 1.500 1,400 Total incrrning resources 156,950 45,916 202,866 197,079 The P.C.C of the Parishof StJohD'S Felbrid8e is a Registered Charity. nurnber 1132388 page li
PAROCHIAL CHURCH COUNCIL OF ST JOHN'S FELBRIDGE NOTES TO THE FINANCIAL STATEMENTS contlnued For the earended 31 December 2023 3. Outgoing resources Unrestricted Funds Restricte Funds TOTAL FUNDS 2023 TOTAL FUNDS 2022 3a Raising profile Communications and publicity 1.951 1,951 1.951 1,951 1.950 3b Charitable adivities Mission & charitable giving.. Mission gift day Other missi Disc¥elionary1Gbe Café 19,040 5,079 9,950 34,[9 19,040 5,296 10.048 34,384 20,250 1,732 385 22,367 217 315 Ministry costs.. Diocesan parish contribution Employeos- payroll, expenses reimbursed. training Clergy coslslexpenses Church operating costs Church hall operating costs offi running c051slsundry Fees.'WeddinglFuneiallCTEGISGP Mission teamlcourseslevents Meeting Togetherlworship team Music & Audio Youth & Children learn costs Youth activrties Discipleship & paslofal Quinquennial work Catering Ministry of Flowers Independent examination fee 69.972 69,972 52,096 68,600 65,455 17.344 34,752 21,741 6,463 3.029 21,741 6,463 3,029 2,687 2,138 106 2.508 1,219 1.538 410 1.951 13,255 5.925 2,629 3,631 3,884 21 2,138 2,5( 1,219 1,538 2.220 1,026 3,353 2,270 497 410 1,951 2.486 157 1,074 134,390 2,486 157 1.074 169,573 3,108 1,050 177,087 35,183 Total resources expended 136,656 69,252 205,908 201,404 Restricted Church Centre Project Costs above are costs relating lo the alterations lo the interior of the church building, which took pla in 201 S. These costs include Architect's fees in connection wfih the lighting design and submission of proposals to the Diocesan Advisory committee during 2015. A Faculty for the work was received in Odober 2015. and the work was completed in 2016. However, the costs of the fixed assets purchased during the proj$ct, are c*arged lo the accx)unts over a period of four years so were fully depreciated by 31 December 2021. The P.C.C. of the Parlsh of Stlohn's Felbridge Is è Re8i%tered Charity. numbèr 1132388 Page 12
PAROCHIAL CHURCH COUNCIL OF ST JOHN'S FELBRIDGE TE THE FINANCIAL STATEMENTS ontinued For the ear ended 31 December 2023 4 Other financial activity Woges and salaries The PCC employed one Assoaate Pastor for the year, a part-lime Church Administrator, a part-time Discipleship Leader and since September 2023 a Children's worker. No employee reNed emoluments of more than £60,000. Pension eontribulions18%1 are paid by the PCC, which are included in the amounts below.. 2023 2022 Associae Minister (full yearl Associate Minisler (part year in 20221 Administrator (part year in 2022} Discipleship Leader {on leave for muth of 20221 Children's Worker Ipart year in 20231 b Payments to PCC members None of the PCC members ItrLJSteesl have been paid remuneration for being trustees. The total amount of expenses reimbuTsed to 612022.. 41 PCC members was £5,84812022 £6,493). The expenses related lo travel and resources for the church. Independent Examination Fees Tho amount paid in respect of the independent examination of the finanaal statements was £1,074 including VAT12022 £1,050). £34,070 £31,892 £24,822 £4,079 £7,374 £6,599 £2,173 £1,883 2023 ChUh Equlpment 2022 Church Equipment 5 Tangible fixed assets Cost or valuation At la January 2023 Additions Dispossls 70.478 72.795 13791 12.3171 At 31 Dmber 2023 Depreciation Al 161 January 2023 PFovided in the year Disposals At 31 st Drnber 2023 70,099 70.478 67.485 2,218 13791 69.324 67,296 2,506 12.3171 67.485 Net Book amounts Al 31 December 2023 775 Al 31 December 2022 2.993 5.499 The p.c.C. ofthe Paristtof StJohTh's FelbrFdge Isa Reostered Chèrky. numbèr iiw88 Page 13
PAROCHIAL CHURCH COUNCIL OF ST JOHN, FELBRIDGE NOTES TO THE FINANCIAL STATEMEN continued For the ear ended 31 December 2023 Investments. The PCC purchased £20,000 worth of units in the CCLA Church of England Investment Fund on 27th October 2020. The tolal valuation of those units was £23,003 on 31 Dmber 202312022.. £21.0101 The investments wovid8d income of £629 In 202312022 £625}. 7 Debtors 2023 2022 Income lax recoverable Other deblorslprepaymenls 3,930 9,800 75 9,875 3.930 8 Creditors- amounts falling due within a year: 2023 2022 Accruals for Ind. Exam fee and Oth costs Diocese of Southwark Other creditors 1,050 903 3.472 5.425 1,050 14,084 4,481 19,615 9 Statement of Funds {COmparisl figures for 2022 are shown al Note 731 Balance blfwd 1 Jan 2023 Income Expenditure Transfers, other gains and losses Balance clhv(I 31 Dec 2023 Unrestricted Funds General fund 127,621 156,950 130,042 143,072} 111,457 MissionlYoulhlQuinquennial Church centre project fund 44.436 6,614 11,614 49,436 172,057 158,950 136,656 131,458} 160,893 Restricted Funds Mission fund Fundo project Church c&ntre prtiièct fund Reslricled (various small projects) Staff fund Stephen Bowen Memorial Youth 8clivilies & events 20,912 8,492 245 15,008 1,259 20.128 1,500 3.752 6,992 7,024 3.976 6,779 1,882 12,914 34,300 33,041 637 637 410 69 252 205,908 410 33.451 1,993 12,266 45.916 184,323 202,866 22.381 183.274 Total Funds 9a Analysis of Net assets by fund. (Comparison figures for 2022 are shown al Note 12.1 Unrestncted Funds ReStrted TOTAL FUNDS Funds 2023 TOTAL FUNDS 2022 Fixod assets Current assets Current liabiltties 1.397 164,921 15,4251 160.893 22,381 23,778 164.921 {S.425} 183.274 24,003 179,935 119,6151 184,323 22,381 The P.C.C. of the Parish of Stjohn's Felbridge è Re8iStered Chafity. nuThber1132388 Page 14
PAROCHIAL CHURCH COUNCIL OF ST JOHN'S FELBRIDGE NOTES TO THE FINANCIAL STATEMENTS continued For the ear ended 31 December 2023 Church Centre Project Fund$ In 2CYJ4 the PCC deaded to plan to yovide renewed church buitdingslcgnlre at some time in the future. To prepare for this the PCC opened a restricted fund and also designated some of ils unrestricted reserves f this purpose. The reslricled fund is used lo re1ve specific donations for and lo pay relevant costs relating lo the church buildings. These funds were used in 2012 and in 2016 for the internal alterations lo the chLJrch buildings and since for Ihe depreciation of the assets acquired during the project. Fabri¢lQuinquennial Fund The PCC set aside funds lo prepare for potential large costs incurred every five years as a result of Quinquennial Inspections. £5.Om is transferred from the general fund on an annual basis to cover any such expenditure. The fund has been used for relevant work since the 2019 inspedion, particularly in r8lation to removing asbastos from tha churchyard shed, and tha fund will be used for re-pointing and other work still required. The next Quinquennial Survey is due in 2024, after which further work may be required. The fund balan on 3151 Dember 2023 was £49.436 {2022.. £44,436). Mission Fund The PCC offer the congregation an opportunity lo make donations lo a reslficled fund for mission outside Felbiidge Parish. Donations to this furxj are encouraged on a special annual world mission grft day. The fund is used lo support mission partners, projects and Charities approved by the PCC. The mission fund movements show monies received as a resLJIt of INorld Mission Gift Days, and payments from the fund. The mission links supported by the PCC are Church Army. Church Mission Society, Anglican Church in Argentina. Church Pastoral Aid Society, Sl Catherine's Hospi, Tearfund. Welcare, and Wycliffe Bible Tran51alors. The PCC encourages prayer and financial support for these links. 11 also agrees en allocation of mon$ from this fund at least once a year. Staff Fund The PCC agreed to employ members of staff and created a restricted staff fund in 2008 to encourage financial support fc staff costs. The PCC employed a part-time church administrator from April 2014 and a youth minisler fron7 July 2017 until June 2020. From July 2020 two ass¢xiale pastors were employed r8ther than one youth minister. Since March 2021 a part-lime discipleship leader. The PCC has also employed a part-time childn'S worker since September 2023. One associate pastor moved lo a position in a mission agency in October 2022. by which time the parish had received a Curate The staff fLJnd enables any person who wishes to make donations spectallY for use in meeting staff employment costs. 10 CHURCH & HALL REFURBISHMENTS In order lo enhan our ntaCt and Servi lo the residents of the parish and beyorKI. a major upgrade was made lo the church hall during 2012 which included ngw roofing, a high level of insulation, new haaling system, entrance, and toilets plus an enlarged fully equipped kitchen at a total cost of £152,880. In 2015 a Faculty was granted lo carry oth works to improve access, arKI to update the heating. lighting, seating. audio visual facilities in the church. This work look pla in 2016 at a total cost of £1 S2,983. Including the purchase of fixed assets totalling £47.673. The fixed assets were depreciated over a peric>d of four years, and so were fully depreciated by 31° December 2021 Some enhancements to technical equipment have been made in renI years as required, for live slreamng and other church ministry purposes. Thè p.c.L tsf the Parlsh of Stlohn's Felbridgei5 a Reg15tered Charity, number 1132388 Page 15
PAROCHIAL CHURCH COUNCIL OF ST JOHN'S FELBRIDGE NOTES TO THE FINANCIAL STATEMENTS continued For the ear ended 31 December 2023 11 STATEMENT OF FINANCIAL ACTIVITIES for the year ended 31" December 2022 TOTAL FUNDS 2022 TOTAL FUNDS 2021 Unrestricted Funds Restricted Funds Notes Incoming resources Donations arKJ legacie5 Charitable activities Investments Other Totsl incoming resources 2a 2b 2c 2d 140,453 8,674 1,309 2.400 41.002 3.241 181,455 11.915 1.309 2,400 197.079 164,749 3.483 642 44.243 168,874 Outgoing re$ources: Raising profile Charitable activities Total outgoing resources 3a 3b 1.950 123,900 125,850 1.950 199,454 201,404 2,099 193,765 195,864 75.554 75.554 Net in¢ominglloutgoFng) resources 2S.986 131,311} 14.325) 126,9901 Transfers been fijnds Gainlllossl on investments 136,209} 12.789) 36,209 {2.7891 2,992 Net movement in funds 112,0121 4,898 {7.1141 123,9981 Reconciliation of funds: Total funds brought forward 184.069 7,368 191.437 215,435 Total funds carried forward 172,057 12,266 184,323 191,437 12 Analysls of Net assets by fund at 31 December 2022 UnStrICted Funds Restricted TOTAL FUNDS Fund$ 2022 TOTAL FUNDS 2021 Fixed assets Current assets Current liabilities 11,737 179,935 119,6151 172,057 12,266 24,003 179.935 119.615) 184,323 29.298 170,158 18,019) 191,437 12.266 TheP.C.C. ofthe Parlsh ofStJohTr's Felbrld8e Isa RWSteredCh3rSty. number 1132388 Page 16
PAROCHIAL CHURCH COUNCIL OF ST JOHN'S FELBRIDGE THE FINANCIAL STATEMENTS continued For the ear ended 31 December 2023 13 Statement of Funds at 31 December 2022 Balance bfvd l Jan 2022 Income Expenditure Transfers. other gains and losses Balance ¢fvd 31 Dec 2022 Unrestri¢ted Funds General fund 144.633 152,836 125,850 143,9981 127.621 MissionlYouthlQuinquennial Church centre project fund 39.436 5,000 44.436 184.(E9 152,836 125,850 138,9981 172.057 Restricted Funds Mission fund Church Trnlre project fund Restricted (various small projects) Staff fund Stephen Bowen Memorial Youth activities & events 3.282 3,449 20,470 3,330 4.035 14,138 20,784 2,968 6,779 1,883 2,149 49.759 (31 35.621 637 637 2,270 44 243 2,862 75,554 201.404 591 36.209 12,7891 12,266 184,323 Total Funds 191,437 197,079 14 FELBRIDGE ST JOHN'S STIPEND ACCOUNT- MARGARY TRUST- VICAR'S ENDOWMENT The late Ivan Donald Margary, the former Patron of Felbridge Parish and a local historian and archaeologist who11ved at Yew Lodge and worshipped al Sl. John's, Felbridge cxeated a Trust on 2nd January 1961 between himself and the Rochester and Southwart< DI0San Chuich Trust IRSOCTI. The TrLJSt was created with some Investments Isome £6,(X)O to £7,000 in stocks and shares) and il was the duty of the RSDCT to manage the fund and use the income to augment the stipend of the Incumbent of Felbridge Parish. In the late 1980's and eady 1990's discLJssions took pla Involving the Diocese, Lawyers, the Parish and the Incumbent when some agreements were reached. Since 1994 the income ffom the Margary Trust fund has been paid lo the DioTrsan Stipends Fund rather than directly lo the Inwmbent The 1n(x)me from the Margary Trust remains restricted for the support of the Incumbent of Felbridge, but little as augmentstion, but mostly as part of the funding of the IncLkmbent's stipend. The income from the Margary Trust is therefore paid lo the Incumbent of Felbridge via the Diocesan Stipends Fund, and not directly. and is shown on an Incumbent's payslips, not as augmenlalion. bul as part of Ihe Incumbent's stipend. It was agreed that the Incumbent of Felbridge should receive an additional £500 per annum as an allempl lo reflect the wishes of the late Mr Margary. During a va¢an¢y the incom8 is added to the capital of the nd, afler deduction of specif"c costs as specified in the Declaration of Trust. Foi legal reasons the Margary Trust remains In the name of Felbridge, Sl John's as managing trustees, but the Fund (number 03591 is held by the Dio(2san Board of Finance IDBFI as Custodian Trustee, as the RSDCT was dissolved on 14 August 2001. We calculate that the Margary Trust investments generated inwme tots11ing £13,889 during 202312022 £13,96612nd the bid prio value of the investments as al 31 December 2023 was £510.921 (2022 £468,381). These figures reflect the fact that the income between 1 January 2013 and 10th April 2016 had lo bo added lo the capital in view of the incumbency vacancy during that period. The di0Se benefits from the Income from the Trust. 50 the PCC include this income stfeam in their discussions and calcuLalions, as they prayerfully agree an annual pledge lo the Di0san Parish Support Fund. The P.C.C tsfthv Parishof Stjvhn's Febbrige 1$ 4 Rews*rerl •rity. ntsmber J132388 Page 17