Great St Mary's Sawbridgeworth THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF SAWBRIDGEWORTH Registered Charity 1132562 Report and Financial Statements Year ended 31 December 2023 li
THE PAROCHIALCHURCH COUNCIL OF ThE ECCLESIASTICAL PARISH OF SAWBRIDGEWORTH Registered Charity 1132562 Contents Annual Report Introduction from the Wicar Aim and purpose Our church community Mission and giving Outreach Spellbrook CofE primary School Fundraising pla for future periods Financial review Golng ¢oncern Reserves policy Risk management Strudure. governance and management Admlnlstrallve infomwtion 3-12 Independent Examiner's Report Statement of Financial Activities 13 14 Balance Sheet 15 Notes lo the Financial Ststements 16-23
THE PAROCHIAL CHURCH COVNCIL OF THE ECCLESIASTICAL PARISH OF SAWBRIDGEWORTH Registered Charity 1132562 Annual Report for 2023 Introduction from the Vicar. Father Simon Wivian Welcome to this report on the lrfe and ministry in 2023 of Great St Mary's Church. Sawbridgeworth. As we turn the page on 2023, we ended the year on a high with a number of very well-attended services and events which also raised wonderful sums of money for charity, all run or supported by our active Outreach Committee. As well as our Festival of Light which has become an established part of the town's switching on of the Christmas lights, and a splendid Advent Lunch wrth very attractive raffle prizes, this year we also held our very first Christmas Tree Festival. visited by Father Christmas no le551 It featured over 30 imaginatively decorated Christmas creations submitted by many of the town's schools, organisations, groups and businesses. The wnning 'tree' a conical staircase of wood was cleverly built by members of 1st Sawbridgeworth Mohawk Cubs. If that was an excellent seasonal celebration of our wider town community, the year began with a gathering of our church community. a parish awayday to Windsor where. as well as lunch and shopping in the town, we were treated to a tour of St George's Chapel within the Castle. before ending the day with choral evensong sung by the chapel choir. Only a day later. we SaiLI a fond farewell to a dear friend. Revd Debbie Hore whose time as our Associate Minister came to an end with a buffet lunch. Such has been Revd Debbie's impact on people's lives over her six years with us not least during the difficult days of the pandemii - that a whole array of people from the church and beyond attended. After the speeches and the cutting of a splendid ret1ment cake, Revd Debbie and Richard her husband were presented with various presents, including a beautifvl. framed photograph of the church at sunset. In consultation with Arthdeacon Janet, who paid our church and parish a visit in early summer, the position of Associate Minister is, as i type. being advertised and we hope to be able to fill the position soon. Also vacant is the position of Organist and Director of Music Despite months of advertising and a couple of expressions of interest we're Currently still seeking a musician to lead our choir and develop our music ministy. In the meantime, we've been relying on a rota of freelance organists to play for our services, while I've been enjoying leading our Friday evening choir prartices and conducting the music for our major choral services. leaving OUT ever faithful, ever willing Lay Reader Diana Kitson ro lead those services. Particularfy since Revd Debbie's departure and my becoming both diocesan vocations adviser and Assistant Area Dean, Di has been an incredible support to me. I don't know where she gets her energy and enthusiasm from (probably I should answer that it's from the Lordll, but I thank and salute her for it. There are so many people not least the members of our PCC and committees who do $0 much to keep the wheels of Great St Mary's turning. I'm reluctant to highlight any other individuals for fear of offending others. However. I should mention Gilly Squire who. much to everybody's delight, has become Our second churchwarden. Alongside our other wonderful chLJrchwarden, Anthony Heard I couldn't imagine a better. happier. more productive. and more willing partnership.
THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF SAWBRIDGEWORTH Regislered Charity 1132562 Gilly was elected our second churchwarden with Easter still ringing in our ears. Once again, the choir was busy with a performance of John Stainerfs 'The Crucifvion., and. at the end of our Easter rnorning eucharisL it thrilled us once again with another nevAy established tradition.. a rendition of Handel's'Hallelujoh Chorus,. But it's not just been the Choir which has played its part in church life. The church would never look and smell 50 fresh if it weren't for our committed band of cleaners. it wouldn't look so radiant if it weren't for our creative group of flower arrangers. and it wouldn't sound so resplendent if it wasn't for our enthusiastic band of bellringers. This year saw the retirement of our tower captsin, Clive Moore. after an incredible 46 years of service. His succes50r. Fred Bone. doesn't intend to break that CordI Our church re-oréering committee - 'Re-Imagining 2025. continues to consider how our church buildings might be adapted to create more flexible spaces. not only for church use but for use by the wider community- Discussions Wlth our quinquennial architert Jeremy Lander, are well under way. We continue to do our bit for the town. We once again hosted our mayorf5 CIVIC service, the St George's Day Parade serwce, and the town's Remembrance Sunday SeICe. We also welcomed the planting of a tree in the churchyard to celebrate the Soth anniversary of the establishment of the Sawbridgeworth Town Twinning Association. Meanwhile, the guest speaker at our patronal festival eucharist in early September was PC Gary Bentley, the chair of the Hertfordshire Christian Police A550ciabon. That patronal festival Sunday featured Ouf usual festival lunch before we rea55embled for choral evensong. We Saw a similar pattern over the weekend In May to celebrate the King'5 coronation. Our church hall Church House - was packed for a joyful bring- your-own lunch. before the town assembled in church for a splendid civic service of thanksgiving for the coronation. It was a pleasure to bless a new commemorative kneeler, stitched by Hazel Mead. Also blessed for everybody's pleasure was a coloured glass image of the Holy Spirit, made and given to us by retiring PCC mernber. Mark Hemsley. lore widely, as well as my ministry as collective worship leader arbd governor to our local church school of Spellbrool we've seen the number of visits to the church for services and tour5 from other schools and badged organisations rise to a level not seen since befo the pandemic. Whilst numbers at our Sunday morning 'Sunday Club, remain relatively low (half a dozen on average) our ministry to the younger members of our community through our monthly gathering 'Mustard Seed. also continue5 to remain healthy. Whilst general congregation numbers have remained steady, it's sad that some members of our church family are no longer able to gather Wth us because of infim)ity. because they've moved away, or, in the case of dear David Mead. have passed away. As well as praying for our wodd and local commLJnity, we continue to remember and pray for all our church family. whether near, far, or for those who now live in a greater light And it's for our church farnily that I'm for ever grateful.. not least all those who so devotedly give of their time and talents to lend a hand particularly those who serve on our committees and PCC. It's been a joy to be your vicar this past year and to be able to minister. alongside our Lay Reader Di, to a church family with such love and enthusiasm in its heart Therefore, I commend to you the following docurllent in which you can find further details about our church and its activities, truly living out its strapline.-'Passion for Christ- Compassion for all,. tll Yours in Christ,
THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF SAWBRIDGEWORTH egistwed Charity 1132562 Aim and purpose The Parochial Church Council of the Ecclesiastical Parish of Sawbridgeworth 1.the PCC") is registered a5 separate charity, number 1132562 The members of the PCC have had regard to the Charity Commission's guidance on public benefit The primary object of the PCC is to promote 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. It fulfils this responsibility through periodic meetings and a range of other activities. Our Church community As at the end of 2023, there were 113 people entered on the church Electoral Roll. 19 of whom were not resident within the parish. We We pleased to welcome new regular worshippers and visltors. We hold in our prayers those who no longer worship with us regularly or who moved away during 2023. During 2023 we baptised five children and married two couples. We wish them joy and love on life's joumey. We conducted 22 funerèls114 in the church) and eight interments. Our dear friends are remembefed with love and we continue to keep their families in our prayer& A blg thonkyou to our Ministy teom for theirpastoral work. to our Pastorol volunteer5 and others WI sUPPOrt people in time5 of need. Mission and giving It is PCC policy to give l(YA of regular committed stewardship (plus tax recoverable) to other charitable causes, of which 6 is allocated to overseas causes and 40% to U.L causes. Detai15 of the amounts given in 2023 from 2022 stewardship income are detailed in note 10 to the financial statements. Charities supported in this way were Shiksha Rath, Tools with a Mission. the Holy Trinity Night Shelter Bishop's Stortford. and the Friends ol Sawbndgeworth Neurological Centres. In addition. whenever possible throughout the year, the PCC made collections and undertook fundraising for specific cau5e5. Details of payments made are a150 detsiled in note 10 Shiksha Roth mns o Christlon OutreochwoiÈYr N•¥L)dlN ro ITe*children edOre0$ ttctess 6dtscotn 05 o n)tste ourofpoktrty Outreach In addition to our large outreach events, the Friday Email offers thoughts. prayers. information on our week's seNices, and notices. This, like the Great St Mary's Facebook group, is read both by members within our worshipping comrnunity and others who live in Sawbridgeworth and beyond. Also. we have a regular full- page article in the Sawbridgeworrh Flyer. Volunteers continued to do a splendid job organising collections of food to support the Harlow Foodbank, whose existing and new customers needed their setyices more than ever_ These collections were enhanced at harvest time with donations from Spellbrook Primary School our church school who brought their offerings to their own harvest service.
THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIAsncAL PARISH OF SAWBRIDGEWORTH Registered Charity 1132562 Spellbrook CofE Primary School Spellbrook School is our voluntary-contfolled Church of England primary school. It is legally owned by the trustees of its Church of England foundation but is controlled by Hertfordshire Local Education Authority which has full financial responsibility for its maintenance. The school's mission is to provide the best education for each child within the context of a caring Christian community. Gat St Marls Church is representsd on its governing body and fosters links between the school, the church and the local cornmunity- The Incumbent is, ex officio. a foundation governor and the Diocese. in liaison wth the PCC, appoints a second foundation governor. Talking ab(wt baptism However, of just as great an importance is the week-by-week connection beeen the church and the school, with the ministry team leading a weekly collective worship in school, frequently leading classe5 on religious or ethical topics, attending school events such as remembrance ceremonies, concerts and nativity plays. and writing a pause for thought for the weekly school newsletter. Fundraising Section 162a of the Charities Art 201 I requires charities to make a statement regarding fundraising actwities. We confirm that all solicitations are managed internally. without involvement of commercial participators, professional fvndraisers or third panies. The day-tr>-day management of all income generation is delegated to the Vicar, Churchwardens and appointed officials (see pages 11 and 121. Although the Charity is not required to be bound by any regulatory scheme, the Charity complies with the relevant codes of practice. We have received no complaints in relation to fundraising artivities12022'. none). Addttional Ilnanclal support was rece¢ved. with thonks. from Sowbridgeworth Ecdesiastical Chority. Churchcore ond other& Plans for future periods We shall continue to build all aspects of our aCDvitses. seeking to provkje forall generations and need& The Outreach Commrtee has ambitious Fan5 for even MO outreach and fijndraising eventsduring 2024. The Re-imagining 2025 Project Group will share proposals for our church tyJiklirwJ. to make it fft for purpose for the 21st century and accessible for all, and for improvements to Church House. The Friends of Great St Mavs are rewewing the recommendatK)ns ofa report on restoratK)n ¥w)rk need1 on ChUh monuments, and we shall UTKlertake imwrtant repair and refuloishrnent yvork to our other Ixjildirys. We al expert to finalise the prc(ess of handing over the maintenance of the churchyard to the local aUtlity. In all (xjr athwtie% we will seek to reduce our carkx)n emissK)ns and consider other enwronmenlal impacts, with refefence to the"Eco Church framewo. Financial Review In 2023, donations, grants, fundraising and hall hire income improved from the previous year, but the PCC'S finances were impacted by significant expenditure on the estate and high energy Costs. Despite ongoing efforts to cut Costs and delays to other planned projert work on the estate, there was o loss of £78.932 on doy-to-day income and expendIre (excluding investment income but after a transfer from the restricted fund relating io ceriain 2022 expenditurel and a net inflow of £707 to the restricted fund. The position WOLJld have en worse had it not been for the commitment of our church community and generosity of other donor5 and grant-making bodies.
THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF SAWBRIDGEWORTH Registered Charity 1132562 At the end of the year, our investments with CCLA would have increased in value by £71,752, but £40,000 was redeemed in July to meet the deficit and outstsnding expected works. Investment income was £24,113. Overall, therefore, there was o smou net increase in twr totol fvnds of £17.034. The investment policy is considered at regular intervals by the Stewardship & Finance Committee and the PCC. Both investment hJnds are attively managed, allowing CCLA to anticipate or respond to market developments. During 2023, the PCC undertook a thorough review of CCLA'S investment process, with specific regard to environmental and social issues. It concluded that CCLA'S process was fully in line with the PCC'S environmental commitments and that investment perfomiance remained strong_ The PCC therefore concluded that no change to its investment policy or investments was nece55ary. Going Concern Looking fonKard to 2024, the relationship between income and expenditure continues to be a major concem, with a predicteddeficit of about £1 10.000, about 40% of which relates to necessary expenditure on Church House roof. The figure excludes any capital gain or loss on investmenL noting that when investments are redeemed to help fund expenditure, not only is capitsl reduced but also income from those investments. The PCC believes tr is financially viable for the next 12 months, even with the ongoing pressure of significant expenditure needed on the estate. The general unrestricted reserves balance remains above the appropriate level of reserves and is sufficient for attivities to be maintained for 12 months. Reserves policy The accounting rules under which the financial 5tstements are prepared require funds to be analysed btheen those that, on the one hand, are restricted to specific purposes and those that on the other hand, are unrestricted. Restricted funds comprise special collertions and other fundraising artivity for specific causes, together with fundraising and grants for certain fabric and insurance costs. and for the repair and maintenance of certain graves. Unrestricted funds comprise all other funds, which may be designated ft)r various purposes. The PCC has designated three unrestricted funds= a property capital fund. which at all times equals the balance sheet value of the properties a legacy capital fund, being the accumulation of legacies received a general fund containing the balance The PCC considers that the amount of reseeS necessary to ensure the work of the church Continues at present levels is around £225,ThIO - this amounts to approximately 12 months of recurring expenditure, excluding mission giving and payments to specific causes. As the unrestricted general fijnd stood at £358,974 at 31 December 2023 (see page 15-. £342.033 at the end of 20221, there was an exces5 ofjust under £134,(M)O, which is held to finance working capital and capital projects. Restricted funds at 31 December 2023 stood at £15012022.. £5n. Risk Management The PCC recognises that in areas relating to health and safety, the safeguarding of children and vulnerable adults, and the security of physical and financial assets. IT systems and data protection, there 15 avaYS a potential threat. We reviewed all our risk management and related policies dufing 2023. Structure. governance and management The method of appointwent of PCC members is set out in the Church Representatr"on Rules. All church attendees are encouraged to register on the Electoral Roll and stand for election to the PCC.
THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF SAW8RIDGEWORTH Regislered Charity 1132562 The PCC met seven times in 2023. all meetings were conducted in person. and average attendance was 75%. In addition to routine business (which included regular Health & Safety. Safeguarding, Estate and Financial ports). major items of business included.. Agreeing recipients of mission giving from 2022 stewardship Receiving the Annual Report and Financial Ststements for 2022 Ensuring the PCC'S commttment to achieving net-zero carbon emissions by 2030 and to addresslng wider environmental impacts was considefed across all its artivities and through its committees, on an ongoing basis Agreeing to close its account with Barclays Bank due to ongoing p)or customer seThice Ongoing work of the Re-imagining 2025 Project Group Signing up to ihe "Eco Church framework" Sofe9uordlng In July, Jane johnson succeeded Hazel Mead as our Parish Safeguarding Officer. We are very grateful to Jane for stepping into Hazel's shoes and to H3zel. not only for her many years of service, but for being willing to remain on as our Assistant Parish Safeguarding Officer. The PCC complied with its duty under section 5 of the Sofeguording ond Clergy Discipline Measure 2076 to have due regard to the House of Bishops. Guidance on safeguarding children and vulnerable adults. At the beginning of 2023, one PCC member was overdue a DBS check and two PCC members needed to complete new Diocesan training requirements. These matters were addressed. In July and November, we ieviewed our Safeguarding Policy. Action Plan. safeguarding infomiation on the church website and use of soctal media. Dota pmtection The PCC complied with the requirernents of the General Dota Protects'on Regul<Jtion. In July 2023, we reviewed OLJr Data Proteaion and Records Management Policy. and the Data Privacy Notice on the church website. The PCC'S responsibilities The PCC is responsible for pparIng the Annual Report and Financial Statements in accordance with applicable law and United Kingdom Generally Accepted Accounting Practice. The PCC is required to prepar financial statements foi each financial year that give a true and fair view of the state of affairs of the PCC and of the financial activities of the PCC for that period. In preparing those financial statements, the PCC members are required to.. Select suitable accounting policies and apply them consistently Observe the methods and principles in the Charities SORP 2019 IFRS 1021 Make judgements and estimates that are feasonable and prudent State whether applicable accounting standards and statements of recommended practice have been followed, subject to any departures disclosed and explained in the financial statements Prepare the financial statements on the going-concem basis unless it is inappropriate to presume that the PCC will continue in operation The PCC is responsible for keeping proper lokS and accounting records that disclose with reasonable ccuracy at any time the financial position of the PCQ ad that enable it to ensure the financial statement5 comply with the Charities Art 2011. It is also responsible for safeguarding the assets of the PCC and, hence, for taking reasonable steps for the prevention and detertion of fraud and other irregularities. The PCC members confirm that. so far as they are aware, there is no relevant information of which the PCC'S independent examiners are unaware. They have taken all the 5tep5 that they ought to have taken as PCC
THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIAsficAL PARISH OF SAWBRIDGEWORTH Registered Charity 1132562 member5 to make themselves aware of any relevant information and to establish that the PCC'S independent examineis are aware of that information. PCC Committees The Standing Committee comprises the Wicar. Churchwardenlsl, Associate PriesL main Committee Chairs and the Treasurer. It has the power to act on behalf of the PCC for issues that need urgent attention between PCC meeting5. No such matters arose in 2023. Much of the PCC'5 business is achieved by delegating certain SponsIbl11t1eS to the following committees, whose terms of reference were reviewed by the PCC in May 2023. Fobri¢ & Chur¢hyord Committee Chair.. Peter Clork This Committee, in collaboration the Vicar and Churchwardens, has oversight of the maintenance, repair and improvement of the church building. St MaS Lodge, the Parish Hall, Church House. and the other church-owned land and buildings. It oversees the a(tivitie5 of the monthly Churihyard Working Party. which maintains the churchyard and associated grounds. It met four times in 2023 bul its members were in regular contact. At the beginning of 2023, we were sorry to lose Richard Hore when he and Revd Debbie move way, bul We happy to gain the new Churchwarden, Gilly squi as a member a few months later. 2023 was a good year in temis of getting things done. The (hurch architect. Jeremy Lander performed his rirst QuinqLJennial Inspection of the church building and churchyard in April and presented his report in May. He summari5ed, "Generally the church is in good condition. There are a very few persistent but minor roof leaks and the west end suffers from rain run-off down the slope where ground levels a high" He identified no repairs needed urgently and a number of srnall works to be done in the next five years, which the PCC has agreed to commission in one go at a fairly low sum. For an eight-hundred-year old, Grade l Listed building this was indeed good news. Also good n&¥5 is that the flooding problem by the West Door has apparently been solved by a new drain gulley. Dr David Carrington, the conservator completed a detailed study of the Sir William & Elizabeth Hewyt Ic16461 and the Viscount Hewyt Id.16891 monuments and a canopied tomb chest as a sponsored project by The Friends of Great St Mary's. Consetvation and remounting of the Chauncy Brass continued and re-installation in the chancd took place in early 2024. The organ was out of action for nearty a rnonth in the autumn, following an dertrical short in the blower motor. It looked as though an expensive new one would be neeéed. but instead it was repaired by a specialist recommended by our organ tuner in time for the ftemembrance Sunday SeNice. The church marginally failed its quinquennial Electrical Fixed Wiring Inspection due to o change in the rules ihat now require the earth inside to be electrically bonded to that of the lightning conductor. The lightning conductor itself needed an upgrade to current standards at the same time and this has been arranged for early 2024. On environmental grounds. the PCC agreed to replace the four 41X) watt external floodlights with two l(X) wait LEDS la saving of 1.4tK) wattsl. The Churchyard Working Party. sornetimes helped by the Ministry justice Community Payback Team, have continued to keep the chvrchyard area in relatively good order, fighting back plentiful natural growth. The Payback Team also re-chained the Memorial Garden fence to meet safety/visibility requirements.
THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF SAWBRIDGEWORTH Registered Charity 1132562 The submission formally to close the churchyard was sent to the Ministy of Justice in August 2023. EHDC had initially objected io closure on the grounds that the churchyard was not full. Evidence to refute this was provided prior to the formal submission being issued. The EHDC team subsequently had a constructive guided tour around the churchyard and things are now moving forwards. The tsrget for closure and transfer to the local authority remains April 2024. On the departure of Revd Debbie. it was decided to bring The Lodge up to a good rentsble standard, tsking advice from Wrights letting agents. The propety has had numerous carpenty fixes, a cornplete re-emulsion, new carpets, boiler checked, new window blinds throughout window cleaning and a spring clean. Further work is scheduled for the garden in eaty 2024. The Lodge was rented for six months from February 2024. The car park bollards have now been in operation for just over a year. Whilst there have been sorlle mechanical issues. the system seems to be working well for parishioners and local businesses who hire spaces. A new boiler was installed in the Parish Hall. but the work on Church House roof 15 on hold while the Re- imagining Group considers potential improvements (see below) Wlth spe¢¢al thonks to the dedltated team of volunteers in the Churchyord Working Ptirty and our hord-worklng hall caretaker. Outreoch Committee Choir.. Vol Bright This Committee promotes the engagement of the church with the community at local. diocesan and national levels. It develops and ha5 oversight of a policy of nurture for all ages of the church family. It has general oversight of the Ministry of welcome wthin Great St Mary's. The Committee met six times in 2023 and co-ordinated a large program of outreach and social events, including decorating the church for the May Fair, a lunch to ielebrate the Cofonotion, the patronal festival lunch, the Festival of Light mince pies and mulled wine at the Christmas Carol service, and for the first time. the Christmas Tree Festival. which included a visit from Father Christmas. tombola stslls and refreshments. Stewardship & fan(e Committee Chair.. Julie Potterson This Committee has oversight of the PCC'5 finances and stewardship activitie& To fulfil this responsibility, it monitors both incoming and outgoing resources. as well as monitoring the deployment of the net assets, including investment policy and perfomiance. It prowdes advice and support to the Treasurer. who reports regularly to the PCC on the financial position. financial controls and all matters imparting the PCC'S finances. We were sorry to lose Mark Hemsley in the autumn. as he moved on to pastures new. The Comrnittee met seven times via Zoom in 2023. At each meeting. the Committee received a report from the Treasurer on the PCC'S financial position. It also reviewed the draft Annu31 Report & Financial Statements 2022, monitored actual income and expenditure against the 2023 forecast approved by the PCC in December 2022, and considered whether and when a significant drawdown from investments was needed. At the end of the year, it considered the provisional outcome for 2023 and a draft forecast for 2024, which were presented to the PCC in December 2023. The Committee discussed the ongoing poor customer service provided by Barclays Bank. recofflmended to the PCC that the account be closed, and oversaw the work of the Treasurer and Parish Administrator in contacting all donors and rlpIentS paid by direct debit or standing order. enabling a transfer to the PCC'S account with TSB. The Committee reviewed and made comMendatIonS to the PCC on the hall hire 10
THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIAsficAL PARISH OF SAWBRIDGEWORTH Registered Charity 1132562 agreement, relevant PCC policies. discretionary fees and other rates to be applied in 2024. and bank signatories. It also considered possibilities to increase stewardship and monitored the results of Fr Simon's stewardship call in October 2023. With constdernble thanks to the Treasurer ond the Stewardshlp Recorder. Re-imagining 2025 Prohrt Group Co-Chair5.' Sarah Vicker5 & Nick He51op The aim of "Re-imagining 2025" is to make Gat St Mary s fit for purpose for our Lord Jesus Christ's ministry and mission in the 2151 Century, acros5 all worship, nurturing, pastoral, outreach and social activities, ensuring accessibility and inclusion, and providing a Christian strong presence at the heart of the local community. The Group met eight times in 2023,. the third year of working as a group to 're-imagine' our church and its buildings. txjring 2023. the Group mainly worked with the church architect Jeremy Lander on two building projects. First, we explained to him our 'wsh' list for re-imaging our church Ixjilding to ensure that it is accessible to all members of the community and can provide the amenities expected by parishioners and visitors in the 21" century, as well as being a valuable additional cornmunity space. We provided Jeremy with documents explaining how we have reached Ouf suggestions. including community and congregation feedback He recommended a full CAD suNey of the building and then produced Several proposal drawing5 and sketches, which we discussed in great depth. suggesting amendments. After an iterative process. in November we submitted provisional outline plans to the Diocesan Advisory Committee IDACI for its comments and feedback which will be reviewed before sharing the proposals Wlth the congregation and our local community. Our second project has been the potential upgrading of Church House to ensu it 15 accessible and provides facilities which are fit for purpose. and to consider whether additional income can be generated by renting the upstairs space. Following a CAD survey, Jeremy has again come up with a number of ideas, and we are currently looking at one of his proposals in more depth to ascertain whether it is viable and what costs would be involved. The Group will continue to meet regularly and prowde a cross-sertion of parishionerfs wews as to the best way to move forward. Forming concrete plans is taking time due to the many constraints of clealing with historic buildings and the detailed procedures that must be followed, but the Group is determined that the project will come to fruition., all good things come to those who waitl Administrative inforniation Addres& The PCC oversees the activities of Great St Mary's church, which is sitLJated in Church Street Sawbridgeworth. It is part of the Diocese of Sr Albans within the Church of England. The correspondence address is The Parish Office. Church House, I Vantorts Road. Sawbridgeworth. Hertfordshire CM21 9AH. Website.. iu Doto privory.. Contact the Parish Office. You can also contart the Infomiation Commissioner's Office on 0303 123 1113orvia Incumbent.. The Reverend Simon Vivian. The Vicarage. Sheering Mill Lane, Sawbridgeworth, Hertfordshire CM21 9ND. Ministry team.. Diana Kitson, Reader. Olfice 5toff.' Angela Kenny, Parish Administrator and PCC sectary.
THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF SAWBRIDGEWORTH Registered Charity 1132562 The members of the PCC who served from 1 January 2023 until the date this report was approved a. Father Simon Viwan Incumbent (Choir) Valerie Bright Choir of Outreach Committee 6ecky Burton Peter Clark Deborah Cubitt Anthony Heard Mark Hemsley Revd Debbie Hore Diana Kitson Kofi Otu Julie Patterson He(71th & Sofefy Officer." Chaw of FGbric & Churchyard Committee First Aid Officer Churchworden Until 7 November 2023 AsSOCiOte minter. until 24 Jonuury2023 Reader,. Deanery Synod Representative Treosurer Chair of Stewordship & Finonce Committee.", Deanery Synod Representative from 4 July 2023 Appoinred 7 Moy 2023." Churchwarden Co-ch0 of Re-imogining 2025 Project Group Among others that contribute considerable time and resouices to the work of Great St ma5, there are officers who are not members of the PCC= Gilly Squire Sarah Vickers Fay Clark Nick Heslop Jane Johnson Hazel Mead Electoral Roll Offiierspellbrook COE School Foundotion Govemor until 21 July2023 Co-Cht7ir of Re-tmogining 2025 Project Group Parh Safeguording Officer from 4 July 2023 AsStStont Partsh Safeguording Officer from 4 July 2023 (POrh Sofrguording Office until 7July2023) 5tewordship Recorder Huw Lewis Ar¢hltert/surveyor Jeremy Lander. 77 North Street, Burwell, Cambridgeshire CB25 OBB Bankers.. TSB Bank plc, 88-89 High Street Chelmsford. EsseK CM21 1 DX and until 27 October 2023 Barclay5 Bank plc, 10 North Street Bishop's Stortford. Hertfordshire CM23 2LU Independent Examlners.. Price Bailey LLP. Causeway House, l Dane Streel Bishop's Stortford, Hertf¢Jrd5hire CM23 3BT i&Ar Signed imon Vivian Vicar of Great St Marfs. Sawbridgeworth D¢7ted 12
THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF SAWBRIDGEWORTH Registered Charity 1132562 Independent Examiner's Report to the members of The Parochial Church Council of the Ecclesiastical Parish of Sawbridgeworth I report to the mernbers of the PCC on my examination of the accounts of the PCC for the year ended 31 December 2023 which are set out on pages 14 to 23. Responsibilities and basis of report As the members of the PCC you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Att 2011 I'the Act'l. l Tewrt in respect of my examination of the PCC'S accounts carried out under settion 145 of the Act and in carrying out my examination I have followed all the applicable Direttions given by the Charity Commission under section 1451Sllbl of the Act. Independent &xaminer's statement I have completed my eyamination. I confimi 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 charity as required by section 130 of the A¢ or the accounts do not accord with those record5.' 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 2Th)8 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 understsnding of the a£counts to be reached. Michael Cooper-Davi5 FCCA ACA For and on behalf ol Price Bailey LLP Causeway House 1 Dane Strèèt Bishop 5 Stortford Hertfordshire CM23 3BT Date: 12 April 2024
THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF SAWBRIDGEWORTH Regiered Charity 1132562 STATEMENT OF FINANCIAL ACTIVITIES for the year ended 31 December 2023 Unrulrided Restricted Funds Funds 2023 T¢)tsl 2022 Total INCOME Voluntarytiicome Plwned gNing Othw donations CollectiDns for other charls Tax rec4Vld81med Grants Leg$ 30.685 21.5S3 5.245 12.931 24.732 26.731 19,375 5,107 10.368 20,483 8.518 13.035 5.245 3.554 24,732 9,377 46,566 95.146 82,064 Chiwch 8rtNfts Fees- w&Ydings & lunaraL8 Propety leib'ngs Fundraisng & 5ponsotsh Qher 10,839 39,727 10.839 39.727 2.162 200 52,928 6,834 36,070 5,215 2.162 2C 50.7e6 2.162 48.179 Inveslmenl itKome 24,113 24,113 26,151 Total income 123.459 48,726 172,187 156,394 EXPENDifuRE Church acliwtEs Mission & Charitab gi¥rvJ Ministry Regular church selv Fees paid- eddings & kneraL% PropertES Fundraising o) Administralh)n Other io 3.640 75.363 6.[3 9.703 75,363 7.988 6,LHO 101.731 1,CK)5 21.414 1.7 224.751 10.117 75.912 9.107 4.647 78.739 1,726 22.724 1,461 204,433 12 13 14 61.672 40.059 1,005 15 16 21.414 1,507 177.624 47,127 Govwi8nce Independent examnab.on fre 2.154 2,154 1,962 Total expendityre 226,905 Net incominglloutgoingl resources belore other recognised gains and losses Diveslmenl preedS Nel gainlllossl on ValUation ol irNe$lrnls Fund Iransfers N•t movement in funds Funds broughl forward Funds carried fopHard 156,3191 1,601 154,7181 150,0011 40,000 31,752 40,000 1160,1531 18 14&22 31.752 1,5 101 57 158 16,933 1.374,650 1,391,583 17,034 1.374,707 1,391,741 1170,1541 1.544.861 1,374,707 Th& notes M pages 16 to 23 fomi pat of these financial statements 14
THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF SAWBRJDGEWORTH Registered Charlty 1132562 BALANCE SHEET at 31 December 2023 2023 2022 Flxed assets Tangible Investments 17 18 4gYJ,O 873,366 1,363,366 490,OCM) 841,614 1,331,614 Current assets Debto Short le depjsits Cash al bank and in h&)J 19 15,006 6,256 12,070 33,332 11,331 13,143 23,768 48,242 Llabllities Creditors payatde thIn one year 21 14,9571 15,1491 Net current assets 28,375 43,093 TOTAL NET ASSETS 1,391,741 1,374,707 Funds Unrestricted ProFerty captsl Legacy cata Gerra1 41,J0 542,617 358,966 1.391,583 4,0 542,617 342,033 1,374,650 Rea*ric18d 1,391.741 1,374,707 Approved by Parochial Church Council on 9 April 2023 and signed its behalf by.. nia imon Vlvlan- Vr Anthony Heard - Churchwarden The notes M pages 16 to 23 fomi pa101 fvse stknnents
THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF SAWBRIDGEWORTH Registered Charlty 1132562 )TES TO THE FINANCIAL STATEMEPn for the year ended 31 DeGembgr 2023 1. Accounting policies Basis ofweparation The finarKk81 stslenwts have teen ppared tyi )rM Ith AccounliThJ * Reporting ty chat11.. Statsmenl of Recommended Pte applicable to ChaleS prepariry their nts in [da[e the Finawial Reporttng Stsndard appl¢abLe in the UK and Republ of Ireland {FRS 102} (efftiVe 1 January 20191- Icharities SORP IFRS 10211, the Financial Reporlng Stsndard applKabfe in the UK and Republ of Ireld IFRS 1021, the charitS Act 2011 and the Church AcrountiTh3 R83ulabJn5 211)6. The PCC constitutes a putAic benefft enbty as defin by FRS102. The ffinanckgl statements have been prepared lo gNe a'true and fairf have departed from the charis IAttounts and RerM)tsl RUlationS 2008 only to the extent required to prowde a'tnE and fairwew. Tris departure hasinvolved folowng theAccounting and Repong by Charities.. Statsmenl ol Recommended Practice lo ¢haritses prepariThJ Iheir accounts in lIanCe thè FinaKial Rwfting Stsndard applicab in the UK and Republic of Ireknd issued in Odoter 2019. The financial stslements have been wepar&J ut¥Jer the histo1 cost nven1j, except that piopeths are induded al valuatn and inveslments are incliKl&l at martet value. The nal1 stalennts irlLde all transactions, assets and liabilits'es for whh the Parc(hial Church Council I'PCC'} is responsible in Lgw. They do not include the financial ststenEnts of church groups that OV their main affiliation b another tndy nor those that are infomal gatherings of church merntE. Going concern The fnancial stslements have teen preparwj on a gc4ng ¢{M basis as the PCC memr5 that no material uncertainb'es exist. The PCC nmI$ have csided the kvel of fvnds held aThl the exFected level of income and expenditure for 12 nnthS from aut)ng these financia statements. TIE buJgel&J itKonE a1 expendilure def11 is Cover the support of kwthdrthfjng fvnds from Its investnents, as hdd vithin Unrestr1 general fijnds, arKI therefwe enable5 the PCC b 0)ntin as a 93iThJ coeM. A dda'kn1 con¥wilary on rts impt L5 detailed in the Annual Rewrt on paje 7. Funds Unrestftctsd dgnated fwhls Cesignated funds are nstriCl furnls set aside ai the discretion of PCC for 5Fecifr purposes. The proFety capitd fuThJ is represented by the Val of property hekj The caprtal fund is the gregate of legacies re1ve{l atyl is represented by assets hekl fOrfijtu mapr capital prots. Unr8Stnct6d g8n8ral ftmds Unreslncted funds are those fuThJs can bè used fr)r thè ofdliary PUT[SeS olthe PCC. RestlFCteLI funds Restn'¢ted funds arise vthere collections are rn&Je or fijndraising undertaken for specrfic causes, or re income is subject to SpeLlf condib'ons impwj by donors or granl-making organisabons. Incoming resources Stewardship, SeThi collectsons apd don1 Amounts are reo)gnised vthen eNed.. a( p)inl incorrE tax 15 0Unkn fix. Othervolunlary income Grants and legS are recognised Of the PCC has entitkrrEnl to ihe incon, it is probab that the inconE IMII be received and the amunl of incOff receivab can be rreasured reliabty. Church f88s Wedding and ftjneral fees are recrp3llLwJ when the event crcuts. 16
THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF SAWBRIDGEWORTH Reglstered Charity 1132562 NOTES TO THE FINANCIAL STATEMENTS for the year endod 31 December 2023 (continuod} etylethngs Rentsl iorr£ from the kth'ng of pfemEes rgxgnisgj vthen due. Investmentinm, lundArttj and SpS0P Income is reccgnis•l vthen receNed. Gifts in kind Assets donated to the PCC ate IndJ81 in the fina11 IS at valuaibjn al ts date of gift. Resources expended AnUnts are nised when paythe and ilUde IVer VAT. All costs teen direclty allal to thè relevant activity and fund. Tangible fixedassets Consecr8dlaYJd andtAthdings a7d move)le churth fumithings Consecrated and benefice proterty is exclLKJed trom ihe ffiwcial ststements underthe Charibes Act 2011. No vaue is pl&ed on moveabk church fumkshiThJs uIre a faculty tor their disposal as they are consthred by the PCC as inalienable Pfcperty. (Iherreal eslae Given the unusual naturè features of the freehokl properbes, the properties a hek1 al residual value based on valuations by Wnght & Co. a estate agent, Novwnber 2010117). Thus. no depreualKin has been charged. Fixtures and fttings Items costing up to £10,0(A) ate wrttten off in ts perKMJ in Vthh the assets are wuirgj. Inveslments Investsrents are stsled at market value al the sheetdale. UnaliSed gains and105ses arising from mvetllents in market vlues durirvJ the ye& 8Tr credibd or Gharged to the Stslement ol Finamal Actiw'ts"es based on the market Value al the year end. Stock Stock is valued at the loKer of cost nel reaisablè value. Debtors Trade and other debtys are rec(nISed at the setUenEntvahJe tefce tr&le dixOts due. Cash at bank Cash al bank and in hand IndleS c&h and short4ern hhlY IN4uhJ uNestm8nts Iwth a short matunty of three months or kss from the date of a¢quksitKsn or opening Of d8wsi or nts. Creditors Creditors and provisions are recojnised vthefe the Charity has a presenl obligab.on resulb'ng from a past event that will probabty result in thè transfer ol funds to a third party and the aUnt due to 5etUe obligabon can be measured or ests"maled refiably. credito and provLqw)ns are )MallY rwnil alts setttemnl amunl after alloMiYJ forany trade diSnIS. 17
THE PAROCHIAL CHURCH COUNCIL OF THE ECCLEsIAlcAL PARISH OF SAWBRIDGEWORTH Registered Charity 1132562 NOTES TO THE FINANCIAL STATEMENTS for the y•ar •nded 31 t)ecember 2023 Icontlnued) Flnanclallnslwments The Charity only ha5 financial assets and liabili'es of a hj'nd that qualify as ba finatKk31 instruments. Basic ffinal1 instNments are initially rwntsed at Iranwlion value and subsequentty rured al thoir fairvalu& as atthe balance sheet date. All fina1 instruments olthe charity are nEawred at o)sL Financia assets inCle the bank balances. trajè debtots other debts)tS. tt exclude prepayments and taxation. Financial liabilibes iKkJde trade crts, Otherc[litor$, ru& deferred incom8. tyjt exclude Slxial security and Oth tsxes due. Key Source of Judgement andEstim•ts Un¢wtsinty No signiffi¢84)l judgements. &counting FOS or UntKInS have b8en nkle by the PCC in applying the Charitys )unts"ThJ policies. Trnnsacuons Invomng rnem ofthe PCC and lfited pgrsofts MemÈers of the PCC are oblb3gJ to declare any inierest in any prOF0s trans&iK)n that invo$ th&m or cOnted persons, aThJ to vithdraw from any discussions afftl not participate in any wjte laken. Any trantiOnS undertaken by or on haff ofthe PCC and invoMThJ ofthe PCC anthrCl rSOnS are detailgj in notes 11 and 23. 2. Donations, other than planned giving 2023 2022 nations under Gift Aid lunrestrict8J} Other donau$ (unrest) Collectwjns in thurch seThices lunrestrrbjl rknnats.o[ towards SFecified expenditure lun[estr1) L})natso$ towards testn'cted exFenditure 1,710 2,917 2,354 1,537 13.035 21,553 3,221 2,609 1,813 6,912 4,820 There ere fNe large donatKsns towards restrrted expenditure, totalling £12,750 including tax recoverable12022: hw) donations totslling £4,375 including tax rKoverablel. of whh £1.5 was from thal estate agent Wright & Co towards the expenditu in 2Q22 on car path tll7rd$ (see tN)k 22 lor corres[ndIng nd transfer). Unrestncted donatnS tOtsId £8,51812022.' £74.5551 aThJ testrthd £13,03512022.' £4,820). 3. Collections for other specific causes (restricted} Th8 figure of £5.24513J22'. £5,107) ¢nsed £73613)22'. £1.0331 of giwThJ uTrJer &ft Atd aThJ £4,50912022,' £4,0741 of olhergNing. (See also note 101. 4. Tax receivedlclaimed Tax 0Verable on giwng under GfftA in 2023 is estimaled at £10.279 {2022.' £8,369 esb'mated, £8,384 reTrivedl, £2.000 was reNed under the small donatKins scheme for the tax year 2022r2312021122 £1,592). ol which £1,299 byas cOgnised as claimabÈ in 2022. and a further £1,937 has teen rwnis&Y as clairnable in 2023. Of total lax r&reiv orclain*d, £9.377 was in rdatson lo UnstrICted fiJnds12022 £8,786) and £3,554 restricled12022.' £1,5821 18
THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF SAWBRIDGEWORTH Regered Charity 1132562 NOTES TO THE FINANCIAL STATEMENTS for the year ended 31 DeCemr 2023 Icontinu•d) 5. Grants Irestricted) 2023 2022 The saWtsrgerth EcclaS Chanty: Church inSUrae Church costs Ec¢lesrdstral In5urarte The Friends of Great St Marfs Churchcare Church Comnryssioners The Forebury Est thocese of StAIbans-engY grdnt MS Listed Places of Worship Grants sche IVAT daim} The cononWeath W¥ Graves Comniswn 4,569 7,371 11,528 1,450 2,300 2,500 2,191 3,000 1,280 2.044 28 20,483 2,580 28 24,732 6. Legacies No legxw hEre e1ved in 202312022.. nill. 7. Fees . weddings and luneral$ {unrestricted) In accordarce Iwih normal thutch £nting fvre, ke5 Nable exclude aMnIS due lo the clergy, The tees shown comprise amounts eaml by the PCC armjnts ptle In Ilp Dicrese aThJ to assistants for their participation at hIdIngS and funerals (see also note 131 8. Property lettings (unrestrbcted 2023 2022 Church Pk)use Parish Hall Car park 18,047 11,593 10,087 39,727 15,109 10,671 10,29) 36,070 9. Investment income lunre5trictedl 2023 2022 Interest on CCLA Depjsrt FuThJ Dividends on CCLA Fixed Interest Fund investh*nl Dividends on CCLA Investment Fund investmènt 269 3,282 20,562 24,113 106 4,427 21,618 26,151 19
THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF SAWBRIDGEWORTH Registeied Charity 1132562 NOTES TO THE FINANCIAL STATEMENTS for the year ended 31 December 2023 (continued) 10, Mission & charitable glving 2023 2022 Mission grants to oryanisations- unrestricted India Touch Trust Ishiksha Rathl- Ove8 npissw gmr Twls wth a Mission- ovefseas fnkssth gMNJ Five Taknts- overseas miswj gmng Bishop's Stortlord Njh1 UK mi&sth gmng The FrEnds of SavknrpJge Neuffj[0gal Centres- Slreets2HonE- uKm Wodd Visic4) 1.002 1.)2 974 974 650 668 650 300 3.548 Dlstrlbutlon of collections fcy $pe¢tfi¢ causes- restrIctl Women's World Day of Pwer savknndgeVrth Scouts and Gitl GuKlès {St Geoffje's Day Seryw%l Train-a-Priesl Fund (Lent lunches) Bishop'5 Ordinands Fund Iconfirmabon SeNh%l Christian Icollection tins aThY fijndrasingl The Sawbndgeh%vrth Mayorfs charilies.. HRH Duke ol Edinburgh CIV enri¥ se? ju.1ee Thanksgiwng CiwK see HRH Queen Elizabeth11 CNic memori SeN Annual Town SeN¢e The Bishop of Sl Alban's Harvest ApFe The Royal British Legion- Potvy ApFeal {RerrEmtance Day SeNce) The Children's ScLety (Advent LuncfEs, ChnStrw and Crrb Set¥e> Crisis UK [ChlM&S colw1$) DEC Ukraine Apal DEC Pakistan ApFeal DEC Turfey & Syria Appeal HolKlay Homes Trust (funeral servre) 212 144 360 320 121 311 158 1.022 523 209 439 121 374 407 692 743 1,083 569 200 382 1,627 991 924 116 6,063 6569 11. Ministry lunrestricted> 2023 2022 Diocesan pansh shate Clergy expenses OUtreh 73,035 1.857 471 75,363 72,164 3,124 624 The Vic& a1 n-$lipendiary p$1 a reimlmjrsed eXFer incurred on PCC business. 12. Regular church seNices lunrestrictedl 2023 2022 Organists Olher sts 5,530 6,318
THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF SAW8RIDGEWORTH Registered Charity 1132562 NOTES TO THE FINANCiAL STATEMENTS for the year ended 31 December 2023 (continued) 13. Fees paid- weddings and funeral$ (unrestricted) 2023 2022 Llctesan fees Fees paid to seNice asststsnts 4,580 1,460 6,040 3,430 1.217 4.647 The PCC retsins the drfferen tehw the offees reNl and tke totsl of fees p. 14. Properties- mainterhince, repair and utilities 2023 2022 Church Churchyard Church House Parish Hdl The L(ge Car park uts.lilS Insurani 25,802 8.560 12,663 5,778 9,899 15.005 12,8C6 12,133 2.756 11,165 17.496 32.608 6,421 101.731 78,739 £40,059 was in Telation to Testrictgj furKIs12'. £36,638) aThJ £61,672 unrestrthd12022. £42,101). Restri¢tsd costs cornprtsed £23,81012022. £10,751) for the church. £5,98012022. £3,6S)I lorthe churchyard, £4,98212022.' £7,704) for Church House, nil {2022. nil) the Pansh Hall, £941 fv The Lodge12022'. nill. nil {2022.' £8.6841 for the car park, £4,34612022. £4,569} forchurch insu[are5, and nil fr)r erryy costs12022.' £1,2&1}. In 2022, the SrNI stage paynt 01 £2,101 for the car pa tr#)IL3rds could not be allttatwj to the restricted fund as there b%Ere insUffnI mon$ in the fiJThJ, bul in 3)23, £1,500 of restrcled donations V+pre received Isee note 2, and note 22 for correswdiThJ fund transfer). 15. Administration {unrestricted) 2023 2022 Staff costs Bookkeepiry Committee exFenses Telephone Equipment Prints'ng Offe suppliès 15,595 2,031 69 1,299 13,953 2,121 1,129 3,063 1,314 1,144 22,724 1.267 1,153 21,414 The figure tor slaff costs in 2023 compr6es £15,068 for salarEs aThJ wages12022 £13.2821, £482 for payroll adrnini51rab.on12022.' £4771 and £45 of Iraning costs (2022.. £1941. The figure lor salarie5 and wages in 2023 included pension costs of t1,01312022.' £8851 The aVere numter of eryk)yees dunng the year was in 202312022.. one). The PCC Conser$ its key managerrEnt personnd lo COrnpre the Vicar, Churchwardens and appoin officias Isee pages 11 121. No employees r1v over £60.000 remunerabon dunrrfJ the year12022.' nill. No PCC members or other officers were remunerated lor their role12022'. nill. 21
THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIAsficAL PARISH OF SAWBRIDGEWORTH Registered Charity 1132562 NOTES TO THE FINANCIAL STATEMEP4TS for the year ended 31 ()ecember 2023 (Gontinued) 16. Other expendire (unrestricted) The fyure for other exFendith in 20TJ of £1.9)7 incred grfts totaliThJ £63012022. £4) and net bank charges of £8812022.- £1021. 17. Tangible fixed assets (unreslricted} Freehokl land & bjlth'ngs Fixtu$ & ffttings Total ValualKffi I Cost- bwnning end ofye ceplati- beginning a4dend ofygar Net trmxsk value- begvnrring and end of ye 49J.COJ 7,899 ,899 497,899 49),[ 490,0 The armunt of freeho laTrJ and buikjings corrprise5 valuations of Sl Mary'5 Lolge £335,0. the Pansh Hal £45,000 aNI Chuich House £110,C¥)O, provided by kxal estate agentwnghl & Co in Novemb 2010 and reflecting current usage. Fixtures and fith'ThJs compn5e the sound system 18. Invesbnents {unrestricted) 2023 2022 Market value at beginning of year AdditEonsllwlchdrawalsl at cost Gainll10551 on revaluaknn Market value at end of year The portfolio Gonsts of VestmnIS in.. CCLA CBF Church of England Fixed Inte$1 Srib&s Fund CCL4 CBF Church of England Invests)Ent Fund 841.614 140,0001 71.752 873,366 1,Cl,167 140,OCrfJl 120,153 841,614 121,123 752,243 873,366 154,059 687,555 841,614 19. Debtors {receIVab within one year) 2023 2022 Churchcare grant Tax recoverable lof £2.853 ostrthJ12022: £8931- see note 41 Hire fees due lunr&stiictedl Undertakers lunrestrict&Jl Chtable donabons Inot bked in 2021 Ixrt incktsj in Chw1tab gMiYJI 2,5 12,216 73 217 1.473 190 15,006 20. Short terni deposits {unrestrictedl rhese cash depc6its a k1 wth Tr Centrl Board ol Finare Church ol England Beposit Fund, which is anaged by CCLA. 21. Creditors (payable wilhin one year) 2023 2022 Wedding deposts lunreslrictedl Dislributs"ons ofcollections lo causes {reslKtgJl Clergy exFenses lunreslrictedl Nest (pension providerl Independent examinalKin fee lunrestrthdl 100 2,618 200 1,957 1,030 85 2,154 4,957 5,149
THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF SAWBRIDGEWORTH Registered Charity 1132562 NOTES TO THE FINANCIAL STATEMENTS for the year ended 31 DKember 2023 (continued) 22. Funds Balances end.2022 ItKome in 2023 ExpetKliture in 2023 Fund transfeis Balances end-2023 Unrestricted Propety capita LaGY capitsl General 4,c 542,617 342,033 1.374.650 490,000 542.617 358,966 1,391,583 195.211 195,211 179,778 1179.7781 1,5 Restricted n$ for speafic causes Speciffic grants & fijndraising 15 42 57 6,086 42,642 48.728 16.t631 41,[64 147,1271 1,500 11.5001 12Q 158 Tot 1,374,707 243,939 226,9)5 1,391,741 For an expLanation of restnct&J fuThJs, see pwje 16 See notes 3 and 10 for restrthd fijnds corrpnsry mns for$Feo USeS and £841 in rlaUNable tax12022'. £9691, e1-year balae ccxnwises £38 for other chartbe512022. £151 See notes 2, 5 aThJ 14 for restred donaS, grants atKI exnditure. In additKJn. there was restted fundratsing of £2,16212022.' £5,215) and TraISIng costs of £1.00512022'. £1,726). See Notes 2 and 14 regarding the £1,500 transfer from the reStted to the general fund. Prioryear fvnds BanCeS end-2021 Incon in 2022 EX[EndjrP in 2022 Fund transfers Balanc8s end-2022 Unrestricted ProFety capital Leg&y capitsl General 4S¥).OLYJ 542,617 504,461 1,537,078 4,(J0 542,617 342,033 1.374.650 119.187 119,187 281,615 1281,6151 Reslnded Monies for spttiffic causes s¢IfiC gwts & fundrai&ThJ 6,076 31,131 37.207 {6,5691 15 42 57 7,275 7.783 144.9331 Total 1,544,861 156,394 326,548 1.374,707 23. Payments to PCC members and connecled pe0$ PCC members were reimbursed £1,79912022.' £2,473) for purchases on trkhaff of the PCC, (unrestricted in b)th years), and paid £66012022.. £4201 for verger servw lunrestrthd in both years) No other payments to PCC members and connected Fer9)ns were je12022.. nil}. 23