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← The Parochial Church Council Of The Ecclesiastical Parish Of St Mary's Watford

2023-12-31-accounts

Vicar
The Revd Tony Rindl
Ch.arcli~oardens
{ExOfficio)
Eileen Roby (Vices:hair) to 2024APCM
Peter Dean to 2024APCM
Deanery
Synod (2023-2026) (ExOfficio)
Peter Dean to 2026APCM
Tilly Elliott to 2026 APCM
Diocesan Synod (2021-24) (ExOfficio)
Cathy Honeyman to 2024 APCM
Elected Members
Abieuwa
Idris		 to 2023APCM
Clinton Dan Jumbo to 2023 APCM
Joanna Cooper to 2024APCM
Margaret Greenstreet to ZOB APCM
Anniefrida
Kacbura		 to 2024APCM
Dave King to Z025 APCM
Lesley Gray to 2025 APCM
Gill Watson to 2025 APCM
Marcus Jones to Z025 APCM
Daniella Clinton to 2026APCM
Roger Courtney to 2026 APCM
Martin Whittick to 2026APCM
Co-opted Member
Anthony Wilson from November Z023

Unrestricted Designated Restricted Endowment Total Funds
Funds Funds Funds Funds 2023 2022
Note f f f
Income and endowments from:
Donations
and legacies		 2(e) 124,964 58,396 183,360 210,013
Income from charitable activities 2(b) 2,1S4 80,725 82„879 50,005
Other trading activities 2(c) 42,734 42,734 37,603
Investments 2(tI) 23,186 368 23,641 22,022
Other income 2(e) 20
TOTAL Income 193,038 80,725 58+83 368 332,614 319,663
Expenditure
on:
Raising funds 3(e) 6,541 6,541 8,512
Expenditure
on charitable		 activities 3(b) 194,233 89,662 354,157 294,600
Other expenditure 3(c) 5,710
TOTAL Expenditure 200,774 70,262 89,662 360,698 30S,822
Net income/expenditure
transfers		 before P.736) 10@63 (32&179) 368 (28@84) 10,841
Transfers
Gross transfers
between funds		 —in 4,991
Gross transfers
between funds - out
Net Income/expenditure~
other gains/losses		 (7,736) (31,179) 368 (28,084) (4,991)
10,841
Gains/losses
on investment		 assets 1,912 1,111 3,023 (57,209)
Net movement
in funds		 (7„736) 12@75 (31,1.79) 1,479 (25,061) (46,368)
Balances brought forward
at 1January 2023		 602+82 36+33 49,832 16@09 705+56 7S2,024
Baiances carried forward
at 31December 2023		 595,146 49+08 18,653 17,788 680,595 705,656
2022
Fixed Assets
Tangible fixed assets 101,534
Investments
Church Board ofFinance share accounts 29,837 26,814
63 Brightwell
Road		 376,000 376,000
Current Assets
Debtors 10,997 11,860
Investments 4,959 4,591
Short term deposits 113,707 110,175
Cash at bank and in hand 73,773 105,S24
232,150
Creditors: amounts falling due within oneyear 8 — 9,262 {10,223)
Net Current Assets 194,174 221,927
Total Assets less Current uabilities 726,275
Creditors: amounts falling due after one year 8 I20,619) (20,619)
Net Assets 680595 705,656
Funds
Unrestricted
8 Designated		 644,154 639,515
Restricted 18,653 49,832
Endowment 17,788 16,309
705,656
These amounts
were approved bythe PCCon		 f 2.+ 8&g~and signed on their behalf by
P,Wg

from Unrestricted Designated Restricted Endowment Total Funds
Funds Funds Funds Funds 2023 2022
2(a) Donations and legacies
Planned
giving		 82,203 9,065 91,268 96,447
Income tax recoverable on giving 21„247 1,610 22,85? 20,109
Collections at services 12,811 12,811 7,405
Gift days
income tax recoverable on8' days 2,626
Sundry donations 6,903 6,571 13,474 7,775
Restricted donations 150 150
income tax recoverable on restricted 651
donations
Grants 1,500 41,000 42,500 15,000
Donations to development fund
Income tax recoverable on devpt fund
Donations to Church Centre
refurbishment
Income tax recoverable on Church
Centre refurbishment
Legacies 300 300 60,000
124,964 58,396 183,360 210,013
2(b) Income from charitable~es
Coffee & lunches served
Income from Youth Group activities 188
income from sodal/outreach events 695
Literature
sales &concerts		 receipts 36
Fees 2,154 2,154 1,278
Vacancy income
Pre-School fees/funding/donations 80,725 80,725 47,808
2,154 80,725 82,879 50,005
2{c)Other trading activities
Church Centre iettings 42,734 42,734 37,603
Fundraising
for development
fund
42,734 42,734 37,603
2(d) Investments
Interest &dividends 5,556 368 6,011 2,042
63 Brightwell
Road rental		 11,630 11,630 13,980
Cloisters Office occupancy 6,000 6,000 6,000
23,186 368 23,641 22,022
2(e)Other income
Government
MRS grant income
Payments
for personal photocopying		 20
Insurance
claims
Contra Account
20
TOTAL Income and Endowments 193,038 80,725 58,483 368 332,614 319,663

==> picture [91 x 13] intentionally omitted <==
3. ExpencwttNe on: Unrestfkted Designated Restricted Endovvment Total Funds
Funds Funds Funds Funds 2023 2022
E E E E
3{a)Raising funds
Salary cost {admin) 2,985 2,985 5,128
Salary cost {Caretaker) 2,308 2,308 2,105
Card Reader 409 409
Printing,
stationery,
postage,		 etc
Costs offundraising
events
Letting Agency 839 1,279
6,541 6,541 8,512
3{b)Expenditure
on charitable ~les
Giving to overseas missions 18,206 3,560
Giving to relief/development agencies
Giving to UK missions 20,597 20,597 2,058
PCCTithe from rental income
Parish Share 88,490 88,490 100,566
Clergy expenses 1,571 1,571 1,475
Qther ministry costs 1,303 3,336 1,275
Music 3,416 3,416 3,561
Stafftraining 36 36
Youth Club and Sunday School 116 60
Pre-School 70,262 70,262 42,848
Church and Church CentIre.
Running
expenses		 60,775 60,775 46,759
Routine inspections
and maintenance		 5,461 5,461 366
ivlajor maintenance
and planned
improvements:		 381 46,000 46,381
Church Centre Roof/ Refurbishment
Project		 32,285
Unplanned
maintenance		 and repairs 9,606 9,646 3,339
Quinquenniai
inspection fee
Furniture,
fixtures
fk Ettings		 purchased 18 1,310
Houses: maintenance,
insurance, etc		 3~733 3,733 5,598
Adfninlstl'ation
and officecosts		 5,810 5,810 16,888
Salary costs re Governance {adrnin {kfm)
Printing, stationery,
postage,		 etc 2,640
Advertising 380
Children
8 Youth Work		 11,288
Lead Chaplain 6,059
Literature 8 concerts ex~iture 60
Mission and evangelism
activities
Minibus
running costs
Coffee S,lunches, provisions		 ~~ 59 2,455 2,455
59		 4,259
31
Miscellaneous
expenditure		 510 510
Asset depreciation 331
PCC training
Audit fees5related costs 3,720 3,720 7,560
Contra Account
194,233 ?0+62 89,662 354,157 294,600
3. Expenditure on:
(Continued) Unrestricted Restricted Endowment Total Funds
Funds Funds Funds 2023 2022
3(c)Other expenditure
Legal advice
Development
Project		 5,710
5,710
TOTAL Expenditure 200,774 70+62 89,662 360,698 308,822
2022
Wages 8 Salaries 76,886 76,531
National
insurance - Employer		 0 4,970
Pensions - Employer 2,023 2,247
78,909 83,748
Cooker TOTAL
Gross BookValue
At 1January 2023 100,540 1,656 102,196
Additions 0
Transfer to investment 0
At 31December 2023 100,540 1,656 102,196
Depredation
At 1January 2023 662
Charge for 2023 331
At 31December 2023
Net BookValue
At 31~ber 2022		 160~0 994 101,534
Disposals
At 31December 2023 663 101,203

6.
IIVESTMB4TS
caa
Sd3eel
lta62naw~
leeeleee32l		 aeooutnnent
l
~12l
un2n		 lan Toungn2an
lvn f &		 Total
Brought forward at1january Z023 376,0II 7@09 2,386 11,425 2+23 402,814
Transfer from Rxed assets
Movement
in value		 226 192 3,023
Carried forward at 31December 2023 376AI00 8+02 Z261Z 4,136 12/7Z 2+15 405,$37

7.
DEBTORS		 2022
income tax recoverable (Gift Aid) 7,003 11,860
Dorothy
Longland
Trust		 for curate
The Lawton Trust
Church Centre lettings fees due
Pre-School fees due
Rent
Prepayments
Accrued interest 1,525
Other
10,992 11,660
8.
CREDITORS
2022
Amounts
falling due within one year		 E E
Accrual for independent
examination
Agency Collections "
Other accruals and creditors "		 fee 7,560
1,258
444		 7,560
1,966
697
0,262 10,223
Amounts
falling due after one year
Old Free School loans (repayable in 2041and 2053)' 20,619 20,619
20,019 20,610

Balance at Movements Movements in Resources in Resources Balance at
01/01/2023 Incoming Transfers Outgoing 31/12/2023
f f f f
General
Fund		 602482 193,038 - (200,774) 595,146
Children
and Youth Worker
Pre-School Fund 80,725 (70+62) 31,999
Development
Fund
Church Centre Refurbishment (incl. roof)
Kitchen Fund
OFS Recoupment
Fund		 1S,097 1,912 17,009
(271,036) 644,154
The Pre-School Fund represents funds generated
by the Pre-School which are being		 accumulated tocover any
potentail
capital expenditure		 or operating losses in the future. The PCC reviews. this periodicagy and any funds
considered to be in excess of requirements will betransferred tothe General Fund.
10.
RESTRICTED FUNDS
Balance at Movements in Resources Balance at
01/01/2023 Incoming Transfers Outgoing 31/12/2023
f f f f
External Giving Fund 33,779 (38403) 5,651
Legacies Funds 1,490 1,577
Restricted donations and grants 12,121 9,354
Youth Fund 750 750
Sunday School Fund 547 547
Kitchen Fund (cooker) 1,145 774
Development Fund
Church Centre Refurbishment (incl. roof) 40,000 (40,000)
49+32 58~3 (89,662) 18,653
Balance at Interest Other Use offunds Balance at
01/01/2023 income 31/12/2023
~eor oeee f f f
The Poor 407 24 431
Outreach 767 45 812
Vicar's Discretionary 289 16 305
Church lending library 27 2 29
1,577
Balance at Movements in Resources Balance at
31/12/2022 incoming Outgoing 31/12/2023
f f
Chancel Fund
CBFInvestment
Account (354shares)		 7,309 693 8,002
CBFDeposit Account 4,591 368 4,959
Old Free School Fund
2,386 226 2,612
2,023 192 2,215
26000 2A79 17,788
Dividend for general oae671.41 (671.02 in 2022).
Dividend for Sunday School prize E6095{E60.21in 2022).
12.
ANALYSIS OF NETASSETSBHWEEN FUNDS
Unrestricted Restricted Total Funds
Funds Funds 2023 2022
f f f
Fixed Assets 100,540 101,203 101,534
Investments
(5hares)		 393,008 12,829 405,837 402,814
Cash at Bank 169,490 17,990 4,959 192,439 220,290
Other Net Current Assets 1,735 1„735 1,637
Liabilities over one year {20,619) (20,619) (20,619)
644,154 18,653 17,759 690.595 705,656

14. IMCOlyIE RECBVED FROWI 14. IMCOlyIE RECBVED FROWI AI40 AIMIOUtfFS PAID TOTRUSTEES(and their related AI40 AIMIOUtfFS PAID TOTRUSTEES(and their related parties)
2023 2022
Donations without
restrictions		 23 32,681 30,261
Reportable payments 151 353