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
LlabIllt￿S
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$c*pkihip FUTr
Youth Missions
PCC Reser¥¢
M. Ashton Ltyacy
Rvvalualion of rn$•Thf•$
Inv•slm8nt TrurD DBF
Inogan chThr
Audiovisual Fund
logan Chu￿Yard Fund
Ilbgan Fa￿lC Fund
Portreath Fobnc Find
Travnson Fa￿7¢ 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 C￿nCil 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 a￿￿jan(% wth th• {ehurth Ae¢>)untirrfJ Règul#t¢ons 2C(6
together￿1￿ 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 $r￿￿de the aceounts ofchurch groups that
owe their main affillab.on to another body, nor those Ihat A￿ infomi81 gatherfngs of thurth meniÈers.
Fund•
Endowment funds We funds, the caprtal af musi b• Main￿r￿d. onty incofflè arising from Investsnent of
Ihe endowment may be used erther as resirictod cy unr¥$trictod fi￿5 oopondry upon tho ￿rF￿ forvthith
tha end0￿ent was established.
Restricted funds represent la) ino)m Irom tr)Jsts or end(w￿nts. 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 $￿e1fic object. Thè bJ)ds may only té eXP8ndèd on tha spacif
ct)lèet for whlch Ih8y ￿ere given. Any ba18ne8 romai￿r￿j unspent at the end ol each year must ba carried
forw8rd 8$ a balance on that fund. The PCC does not usually inv8st sep8f8t8ly for each fvnd. Where there is
no separate inveslm8nt, interesl is ap￿rt￿ne0 to inth'vidual funds on an average balan1￿ t3￿5.
Untsstricted funds 8m general fU￿S 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 ￿ceIva￿a. inlefesl Is 8cuued. All other
ncome18 re￿gnISed %then it is receivable. ir￿MIr￿a resojrces are acc(￿1￿0 for gross.
RMour¢•• •xpend•d
Grants Ind dtsnationg a￿ 8tt0unted for when paid ovw. Qf when 9￿r0ed. 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 ind￿￿ed in tr* actounts in aeeordanca $,96(21{al of Ihg
Charities Ad 1993.
Movable c*urch fumishiny held by th8 vicar and thJrthiardgns on Wol trust fcr tho PCC and
requiré a I￿*1Y for dispo881 ar& inalienatrle propwty, Isied in ihe ¢Jiur¢h's Inventory. vthich Can be Irssp9cafjd
(at any reasona￿0 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-rocuir*vJ
29874
5370
11562
ST22
35598
5370
12225
2181
174%
11080
3n
34149
6115
1682
8728
910
2507
103209
1240B
1787
8728
10TT0
$043
72174
17754
8W28
1B9837
2(bl Adrithe5forg8n8rakng fuThts
Speaal Bppeols
Fur¥J-rawTrJ (coffee rnotrwws ￿C.)
Church holl l*Wngtym•J•an• 9t
14148
11159
14145
14611
21¢) Incomotrom in¥estrThn
OhthJand& ond Inttsr￿t
3623
3828
1487
21d) Incorne Irom churth
stalthry fee
9828
8129
8129
21el
Toui incomlng Fuour¢•s
23138
121824
193598
RE80URCE$ EXPENDED
3141 chU￿h aclmes
IAtswonwy and ¢hortab￿ o
Dioc8¥8n p8r*h #h*ré
E%pensoJ (Clèrgy Ètc I
￿kn￿on 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¢)
Ma￿T r•p*s 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• •JrrI￿atOr, orgonbl8Thd ￿ portlmo organhts.
Th• st•ff coBts*w• £2138 as shm ibm.
Ibl There wor• no F•yThenls bj PCC m8mt•rn.
IwESTr￿NTFv￿Ds
122
In¥•51￿ luth ICBF TFUTOI
10189
10169
101¢9
10189
DEeT¢XS
Unr•slrKt8d fvndB
Prtpaynents
2022
CRE0￿cR$ (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 1￿mber 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 prepara￿n ofthe financial statements.. you ￿nSIder
that the audit requirement of the regulat￿n$ 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