## **ANNUAL REPORT & FINANCIAL STATEMENTS OF THE PCC** **YEAR END DECEMBER 31ST 2023 ST LUKE’S CHUCH, SWAY CHURCH LANE, SWAY, SO41 6AD DIOCESE OF WINCHESTER** **INCUMBENT: REV’D JANE MITCHELL CHURCH WARDENS: PETER BLICK** **BANK: CAF LIMITED, 25 KING’S HILL AVENUE, WEST MALLING, KENT ME19 4JQ REGISTERED CHARITY 1132719** **INDEPENDENT EXAMINER: CAROL DUTTON - TWILLINGATE FARM, MIDDLE ROAD, TIPTOE, SO41 6EJ** ## **St Luke’s Church Sway** ## **ANNUAL REPORT OF THE PAROCHIAL CHURCH COUNCIL FOR THE YEAR ENDED 31[ST] DECEMBER 2023** ## **Administrative Information** St. Luke’s Church is situated in Church Lane, Sway. It is part of the Diocese of Winchester within the Church of England. The correspondence address is St Luke’s Church Office, Church Lane, Sway, Hampshire SO41 6AD The Parochial Church Council (PCC) is a charity registered with the Charity Commission. The members of the PCC are the Trustees of the charity. (Charity no 1132719). PCC members who have served from 1[st] January 2023 until the date this report was approved are: |**Incumbent:**|The Revd Jane Mitchell from 8/8/19|The Revd Jane Mitchell from 8/8/19| |---|---|---| |**Curate:**|Revd Kevin Smith (from July 2021- licensed for 4 years)|| |**LLMs:**|Merilyn Christian-Edwards from 20/4/23|| |**Wardens:**|Peter Blick|from 8/1/23 to date| ||Paul Caneparo|from 8/1/23 - resigned Sept 23| |**Deanery Synod Representatives:**||| ||Paul Caneparo|until 20/4/23| ||Lisa Thomas|until 20/4/23| ||Stuart Mitchell|from 20/4/23| |**Elected Members:**||| ||Wendy Collyer|until 20/4/23| ||Lisa Guinness|until 20/4/23| ||Iris Backhurst|until 20/4/23| ||Jenny Denman|from 20/3/22 resigned 20/4/23| ||Vanessa Mann|from 20/3/23 resigned 21/4/23| ||Janet Kirk|from 20/3/24 resigned 20/4/23| ||Stuart Mitchell|until 20/4/23| ||Geraldine Hawkes|until 16/4/24| ||Hazel Gillett|until 16/4/ 24| ||Alison Hall|until 16/ 4/24| ||Debs Sandys
|from 7/23 resigned 11/23| ||Lesley Willey
|from 20/4/23| ||Taiwo Ogunjimi|from 20/4/23| ||Claire Davies
|from 20/4/23| ||Andrea Janssens
|from 20/4/23| ||Ellie John
|co opted from 18/11/23| 1 ## **St Luke’s Church Sway** ## **Financial Review for the Year ended 31st December 2023** ## **1. Financial Summary** ## **St Luke’s APCM Finance report 2023** ## **Background** - We entered 2023 after 4 years where we had accumulated deficits totalling £8k. - That included depreciation charges in those years which had totalled £43k. - That meant that our Cash balances had actually increased during the period by £35k - The £8k deficit would have been worse - but for £28k of one off unanticipated legacies in those figures. - In addition, there were concerns about: 1. Some withdrawal in Giving, and an aging demographic 2. The impact of potentially significant building repairs 3. Indications that Energy costs would at least double in the year 4. The diminished level of Reserves in the General Fund - The Finance Team also forecast a deficit of over £90k for 2023 and was approved by the PCC - • This included an amount of over £40k for those repairs. The congregation was alerted in January ## **Outcome** - The outcome, however, is that we have recorded a small surplus - of just over £200. - Overall, Giving held up - although there was a move to support the General Fund (away from Youth) - In addition, the General Fund benefitted from a number of one off Donations 2 - Energy costs stabilised (helped by a new contract and reduced impact of the Russia/Ukraine conflict) - An independent survey of the state of our building was more positive than had been expected ## **Future** - New challenges are always with us - numbers in the Anglican church are declining nationally particularly the numbers of children since lockdowns. - Inspection) A five year review (Quinquennial Report) of our buildings will take place in September 2024 with an unknown outcome. So we are cautious in forecasting a £30k deficit to include £20k allocated funds in the budget to complete some maintenance and building works this year. ## **Faith** - God, through His people has proved faithful in meeting the challenges of recent years - • That gives us confidence (without complacency) in His Goodness and the support of His people to the ministry in Sway. ## **Ian J Burnham FCA** 3 2. Statement of Financial Activities Sla¢•m•ntal FIn￿¢￿Ath￿bI ¢14**N¢)mln41 Cw Rx*dAu•ts 7QO 710 EwpmMi 714 thrth- Pl￿ & EQ￿p1￿￿ 715 ClwJich- Office Equlprnnt 716 ChJi¢h- FI%￿r*S & F￿￿n￿$ 718 ￿r(h ROQW￿- ￿nI8 Ewlpmefflt 719 CPvJTch Raorn-FMLY•BI Fltroi Tt)W$ CurrnffltA•uts 601 CSF DDwirf 802 CAF Cash*Ltow 803 CAFGoldAccoMt 804 G•m•NI O• •*d R•*irf¢*•d LutY••r 13,010 12T,210 14D350 141195 745 4Q.072 642 41.512 •4A40 .440 6.988 4D.OeO 51395 51395 PW Cash In 50 14.837 2$ 478 4.$26 18,B49 807 W¢4rs F￿d 809 YrAJth FamdyCAF CathAccourt 811 218 Trnst 812 Tr•a$ufy sIL**- C SMJbb Ch•r*¥ 813 Tr•asury 8lrA- Bo>ts Ch 614 NklVl•#t ChAIIty e15 Swy b•n¢k¢ eThJcMTh•MFuDO 821 SW￿ryo￿t￿ors 622 PIDpAid Exp￿1￿¥ 25 4,526 4.820 S8S 1,329 1.329 1341 IS19 1519 101eOO 16*889 eurrnfflt 051 S￿ry¢r￿)[l OATJI. IC4731. p￿￿1*Pr¢I•¢t R¥Mnda HosDILal. TÉath• 108 e53 Dbf*rrÈo In¢tym¢ 28Ql R•pY•*•n*d By." 96.379 96,379 &E.S24 ProlKi 25 2$ 13.040 80.985 D*￿￿nal￿d. BuddJEwyMnt R•￿I￿•d.y￿￿ 13.040 .501 379 11Q65 217,715 6216 541.172 513.939 A•*tsiG*bd I￿vall￿ Fund YI 2D2J LUtY• Inants W Chathos R•sirtuod Comm(Jh Mrt$iLth F￿d 212 Exptnms 213 A$S￿￿nI ￿•￿) Exs 214 11￿810￿ Expèn*o* 215 F￿10¥￿hIp. Pdstu•l Cw•. Howlty 211 Ewns•S 217 ch￿1￿ R￿nth9 Eyra•È 218 Chwch UaIni￿￿ 219 Vpk•*p rdS¢rdc¢s 6.625 I71￿0) 915 142S 156 13.30J 16.913 -L15.4521. 18.8951 221 Swoy Ne*$ Publishrlg 13.735 S.52* 40S 22J Ch￿th. Y¥d GIFd•n 225 Chwch RrB)m Én•roy ¢0sL% Worshipinc OlsdFlesh 7.43n 14901. 14671 2.los 14.842} 232 Prfni Copy & Sthtlowy 233 S*ry Ccrfts 240 L¥qe Repay 242 Chwcn Famlty SUKWI Fund 243 Chwch- B￿kCh¥?*S 24S "ECO'AudYICth*llca￿OTr Co* 246 Riw¢th•nt Fh)MnwAu¢L Co G•n•rnl Exp•ndlWW• brfor• D•pr•¢￿ty0n 1248 {2.8671. 1126.7511 10.673 50 1141.4691 12.550 G•*￿•1 Fund ID•lSGttYSw￿S 3•1 fyv 2 Tax R•c0*4r•d 315 Tr*s In¢crfhwJ 311 0tr8r Inrximè-YoLrth kn1 )21 12.846 1.825 2S.￿ 410 y￿￿￿Fam1tyAdrrI￿l*trl 412 TL*ai Youth sal￿ I￿￿. ￿￿1) 413 YCP.. Exp•wts 2 y￿￿AdmIn 42) Evints 424 Ywth Trtp&Wo*k•Dd5 15971. -1861. LSO81. 426 8￿Y Gto 427 Ytyjth CoDlngarKy 42$ $wShlnws 4Ji Fam1￿. 432 CPASIB•a￿I*￿ W•¢k￿d 15.650 417 2)) 16.777 yts￿h 8t Luk•'•Tothi ID•ffl¢MV8uTrk .17 4. Assets and Liabilities st Luk•'¥ ChurchiSw•y 8t•l•m•ni olAs••ts •nd LWblllll•• 31*1 D•c•rnbor 2023 C1**￿10Mlmll Co G•n•ral DI￿ hat4d R•￿ti•d Endowm•nt T￿11 2023 Lxt Y•*r x•dA*s•ts 700 Buld￿9% 710 Eqllprnnl 714 Church- Plam & EQ￿p￿￿t 71$ Church- Offl¢e Equ*m• 716 Churth. FLxlurès & F￿￿n￿& 718 Church Rooms. Pljnl & Equiwrt 719 Churth RrA)mÈ- Fixluras & Flltknol Total 13,040 127,218 140356 142,195 1.919 745 40.072 642 81 34,728 34.n6 Curr•rtAts*•ts 801 CBF D•ws 802 CAF Cash AcC￿￿t 803 CAFGJldlLtothi 804 R•ord•rlrwJ Accwnl 805 Potty Cath In Hand 806 Y(yJth Gohj Acctyjnt 807 Vlcars F￿d 809 YrAth CAF CaShAtco￿1 811 218 Shares Canrtsi Trust 812 Tr•asury St£¢k- C ShDJbb Chan 813 Tr•asury St£¢k- BOWO Chaftty 814 Naiw8È1 Boykry Charlty 815 S¥Ydy B•nfrfit• Endo*Thèni FI￿d 821 SuTrlry D•biors 822 Pr•paid Eynthbjre Total 46.512 1.124 52,395 47,928 94,440 1,124 $1395 so 18,149 25 1,071 4,$25 31 18.849 14.847 25 1,071 478 4.525 31 4.525 31 1,329 2,519 1.329 2.341 2.519 102.eQO 25 67,848 8.470 178,944 165.688 Curr•nt Uabl1￿•¥ 851 Surhlry Crtdibrs 853 D•lerr•d 18.4741. 112W) IIA741. 11.2WI 16.1231. 112WI Totsi 7.7S4 TOW N•tA&Mts 47 Rw•8•blt•d By: Unrosinci•d- Gow Raorderlro Prol•( 0•*gnat•d. D•*onated. euld￿qU￿n•nt R•sthctad-Youih 87.174 17,174 171.147 25 13,040 68,568 6,218 73.474 184.197 171,147 25 13,040 13.040 66.985 6.218 86.$68 6.218 rot48 237715 5. Fixed Assets for use b the PCC Al 1st Jawary 2023 Adthilons 286.952 149.916 436.869 At 31st D•c•mb•r 2023 286,952 149,918 436.169 Al 1st JaThJary 2023 Char98 for Ihe Y8af At 31st D•c•mb•r 2023 140.017 6,820 146.837 111,198 3,852 11 S.050 251,215 10,672 261,887 M•t 8ook Valu• Al 1st JaM8ry 2023 At 31st D•c•mb•r 2023 146.936 140,116 38.719 34.866 185.654 174.982 6. Inde endent Examiner Re ort amarnen118 mailasail.com1889869920.1 3150231709543814050.Jav8Mail. xt82-ca-ec1. r(Kl.aw5 Independent examiner's report on the accounts CHARITY COMMISSION FOR ENGLAND ANO WALES Section A Independent Examinevs Report Report to the trustoos The PCC of St Luke'8 Church. Sway On accounts forthe yèar ènded Charity no lif any) 3111 Det8mber 2023 1132719 Set out on pages I report to the trustees on my ex8rnination of the am)unts olthe above chanty Ilhe Twst'l forthe year ended 3111212023 R•spons5blliti•s and basis of report As the charitys Irustees, you are responsible forthe preparation of the a¢¢ounts in actordance with the requirernents ol the Charities Act 2011 llhe A(fl. I reptsrt in respect of my examination of the Trust's accounts carried otrt under section 145 of the 2011 Act and in carrying out my examinabon. I have fdlowed 811 tho applicable Directs"ons given by the Chanty Commission under section 14515llbl of the Act. Independent ￿he tharity's gross income exceeded £250,000 and l am qualffied to examlnerfs statement undertake the examination by being a qualified member of [Insert name of ap￿ICable liste￿ bodyn. D&let81 l if not 8pplicable. I have o)mpleted rny examination. I confim) that no maleftal matters have come to my attention in connection with the examination (otherth¥n that dI￿105¢d beliyu'} which gives me cause lo believe that in. any materi iespeet.. th& a¢counting ra¢ords w&re not k¥pt in EKCOfdance wlth ss¢lion 130 ofthe Charities Act", or the a(uunls did not accord with the a¢xounting recor