Parochlal Church Council of SL Illogan ststement of flnan¢ial activities For thè yoar •nding 31st D8cember 2023 Unrestricted Funds Restn'cted Funds TOTAL FUNDS 2023 2022 Note INCOMING RESOURCES Donations and Legaaes Other Trading Activities Investments 21al 21bl 21cl 21dl 21e} 72176 17757 89933 169812 14613 3829 18442 14146 3624 8280 1487 Income trom th8rltable 8clivities 8129 Other Income TOTAL INCOMING RESOURCES 23139 121832 193574 RESOURCES EXPENDED Church activili&s Fund-raising trading costs Major p81r$ and dev¢lopm¢nt Staff costs 31a} 31bl 31¢) 76376 82469 79764 12581 18513 31094 9629 869 TOTAL RESOURCES EXPENDED 89848 2461 114454 262 TRANSFER BETWEEN FUNDS 4000 NET MOVEMENT IN FUNDS -1467 7378 103312 Gainsl tosses on Investment Assetg -1 $87 -1S87 Revalualion of fixed 88sels BALANCES 8ffiWD 1st January 113471 53353 166624 63514 BALANCES CIFWD 31 $1 DECEMBER 120729 51886 172615 168826 Pagè 1
PCC of SL Illogan Balance Sheet (Church ol England) As of . 31st Decefflbef 2023 Nol8 Totsl Fund$ Prbry Fix•d ••s•t¥ 1587 10189 3174 10169 Investment$ 11756 13343 Currnnt •ts Deblcys sa al bank and in hand 166597 166597 159462 159462 LlabIlltS Amounts falhng du• n one y•ar 5738 1W9 5980 153402 Curr•nt a•••t• IM• ¢urr•nt Il•bllltl•• Tot•1 a•••ts GuTh•nt IlBbllltl•• 172013 18882J R•pr•Mnt•d by Unr•strt¢t•d General lund St M•rfS H•bl 5028 2463 D••lynat•d Trov•nson healing And r•v+iring woi•et F. K•951 l•g8 Trovgnson Hall FID Di$cpkihip FUTr Youth Missions PCC Reser¥¢ M. Ashton Ltyacy Rvvalualion of rn$•Thf•$ Inv•slm8nt TrurD DBF Inogan chThr Audiovisual Fund logan ChuYard Fund Ilbgan FalC Fund Portreath Fobnc Find Travnson Fa7¢ Fund 7S42 142 33501 4608 142 33778 4344 5933 9522 7935 RMtd¢t•d 8728 9412 857 2187 21995 1845 10707 22213 Fund• ol ¢hurch 172615 16682 Approved by the Parochial Churth CnCil on 8 r&. 2¢r24 and $igngd on 11$ bohalf by IPCC Chairmanl Siun8d J7.Qrt Th8 not&S pages 3 and 4 form part of Ihw accourrts Page 2
Notes tothe flmnclal Statements Forth• year •nd•d 31 Decombor 2023 Thg fngndal $latem8nts havg1)98n prepared in ajan(% wth th• {ehurth Ae¢>)untirrfJ Règul#t¢ons 2C(6 together1 ap¥ICab a¢U"n9 stand8rds and (he SORP 2005. The ffln8ncJ81 statements have been pared underthe historical cost c£entiOn except lor the vatuatson of investment asset5. Ythich are 5hovm at market value. The finanud stat8m8nts Indtth 811 transgCty'On8, assets liabilits'es for whth the PCC is responsibb Ni law. They do nol $rde the aceounts ofchurch groups that owe their main affillab.on to another body, nor those Ihat A infomi81 gatherfngs of thurth meniÈers. Fund• Endowment funds We funds, the caprtal af musi b• Mainrd. onty incofflè arising from Investsnent of Ihe endowment may be used erther as resirictod cy unr¥$trictod fi5 oopondry upon tho rF forvthith tha end0ent was established. Restricted funds represent la) ino)m Irom tr)Jsts or end(wnts. may be expended only on thos rgStrfcted objtct9 provid8¢J In lh8 tenns of the trust or bequest, ar Ibl donalions or grant5 received for a spadfic object or Invited by the PCC tor a $e1fic object. Thè bJ)ds may only té eXP8ndèd on tha spacif ct)lèet for whlch Ih8y ere given. Any ba18ne8 romairj unspent at the end ol each year must ba carried forw8rd 8$ a balance on that fund. The PCC does not usually inv8st sep8f8t8ly for each fvnd. Where there is no separate inveslm8nt, interesl is aprtne0 to inth'vidual funds on an average balan1 t35. Untsstricted funds 8m general fUS that can be used for PCC ords'n8ry puoose5. In¢omlng tuoure• Pl8nn8d glving. cdl8clKsns and donatDns are r8c>)gnised en r8ceiv8d. T8x rebjnds are recognls8d thg irwrning resource to whith théy re18te is réc8iV8d. Grants and legaci88 are attoLfyn:8d for wh8n the PCC is 14ally entitled lo the amounts due Dividends are 8co)uni8d for when ceIvaa. inlefesl Is 8cuued. All other ncome18 regnISed %then it is receivable. irMIra resojrces are acc(10 for gross. RMour¢•• •xpend•d Grants Ind dtsnationg a 8tt0unted for when paid ovw. Qf when 9r0ed. rf that award crgatgs a bindry or nslruclive obligation on the PCC. The diotksan parish share is accounled for vknen du8. Amount5 recelved 8PeChfcally fty mission 8fe o1eall with as restricted funds. All other expon¢iture is ggngrally rgo)gni8od il 18 Incurred and is acc(yJnled for w)58. Flxttd iM•ts Consecrated end beMfice property 1$ not inded in tr actounts in aeeordanca $,96(21{al of Ihg Charities Ad 1993. Movable curch fumishiny held by th8 vicar and thJrthiardgns on Wol trust fcr tho PCC and requiré a I1Y for dispo881 ar& inalienatrle propwty, Isied in ihe ¢Jiur¢h's Inventory. vthich Can be Irssp9cafjd (at any reasona0 ts'mel. For anything 8equired prior to 2QX)5 there 15 insufficgent 51 infornwtion avalable and thèrefore such 8ssets are not Valued in Ihè financ¥ st8tement8. Equipment use11 wrthin th& church premis88 is dopreu'ated on 8 straight-line basis over fc*Jr yaars. IndNTrduo1 items of equipment wth a wr¢haso Frye of £750 or less are wntten off en the asset au4uired. Invgstmgnls arg valugd al morkgt valu8 0131 Decemter. Page3
INCOIING RESOURCES TOTNL Ds 2023 2022 FUM$ Furn 21al Voluntsryitttsmè GtftA Oiher Wann&J gmng Cash collectiorts atsér%icos Don8lorA. 8PF¢8k. . Lèod¢5 Tax recov8g8Ue Othar incorning rewurc Gr4nts rKsn-rocuirvJ 29874 5370 11562 ST22 35598 5370 12225 2181 174% 11080 3n 34149 6115 1682 8728 910 2507 103209 1240B 1787 8728 10TT0 $043 72174 17754 8W28 1B9837 2(bl Adrithe5forg8n8rakng fuThts Speaal Bppeols Fur¥J-rawTrJ (coffee rnotrwws C.) Church holl lWngtym•J•an• 9t 14148 11159 14145 14611 21¢) Incomotrom in¥estrThn OhthJand& ond Inttsrt 3623 3828 1487 21d) Incorne Irom churth stalthry fee 9828 8129 8129 21el Toui incomlng Fuour¢•s 23138 121824 193598 RE80URCE$ EXPENDED 3141 chUh aclmes IAtswonwy and ¢hortab o Dioc8¥8n p8rh #hré E%pensoJ (Clèrgy Ètc I knon and evEnll8kn C[$ Church wnrmrtg expen ChurGhyafd upkeep Church 118 Cc•laofTMling •t¢.) 440C4J 2310 182 378 15748 182 378 11J379 3687 5283 12938 3823 SBS8 1057S 80104 5283 11116 74912 81C#)5 31bl ¢02ts 10 31¢) MaT r•ps and dwoloFxft•nt 14160 18513 Stsff ¢0• TOTAL RÈSOURCES WENDED 2310 91411 2461 118032 () STAFF CQSTS. Dulln9 thg y¢ar the PCC h•J tho s•fykw 019 p•rfwn• •JrrIatOr, orgonbl8Thd portlmo organhts. Th• st•ff coBts*w• £2138 as shm ibm. Ibl There wor• no F•yThenls bj PCC m8mt•rn. IwESTrNTFvDs 122 In¥•51 luth ICBF TFUTOI 10189 10169 101¢9 10189 DEeT¢XS Unr•slrKt8d fvndB Prtpaynents 2022 CRE0cR$ (Fal hl¢Nn 1 y•ar) 2022 5978 ency lunds snB 5738 5978 ANALYSIS OF NET ssETs luDEt. In¥8Stmont 888èts Curon¢ass•ts TOTAL 11756 1n615 184371 15B7 120729 122316 10169 51e86 P•Jv 4
ndent gxamine¢s rttoth PCCofSLII This repNt on the finanoal ststements of the PCC for the year ended 31st 1mber 2023, whic* are set out on pages 1 and 2. is in resFect of an examinabon carrrgJ out in ac•thance with the Church A¢countiThJ Regulations 2006 {'the reguL4tions'l and s.43 of the CharrtEs Act 1993 (the xtl R••pectlv• r•spon•ibllitios of the PCC and ts•xamlner As members of the PCC you are resFonsibfe for Ihe preparan ofthe financial statements.. you nSIder that the audit requirement of the regulatn$ arrfl s.4312) of the act does not apply. It is my resFonsibility to issue this report on those financBI ststements in actordance the term$ of the regulats'ons. Basis of th18 r•port My examination wa$ Carl out in a)))rdance with the General Directions gNen by the Charity Commission under s.4317llbl of the act and to be found in the Church guidance, 20C6 edttin. That examination includes view of the accounting records kept by the PCC and a Comparison of the accounts wth those records. It also includes considerTrng any unusual Fbms ¢y disclosures in the financial $lalements and seeking exp¢anations from you as Irustees conceming any such matters. The procedures undertaken do not provide all the evidence that would k required in an aLh4rt. and consequenty I do not express an audit opinion on the view given by the accounts. Ind•pond•nt •x•mln•rf• •lalom•nt In Connection with my examination, no matter ha6 C4)m8 to my attentK)n'. which gNes me reasonab cause lo believe that in any material respeGt the requirement . to keep a¢counting records in accordance with sectK)n 41 of the ACL. and . to prépare financrdl ststgments, whth accord with accounb.ng recxjrth and compty the uirernenls of the Act and the Regulations have tttn met Shjned Name Address Sarah H&ath FMAAT Nero A¢countancy 27 Boskenna Road Four Lanes Redruth TR16 6LS Date 10th September 2024