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← The Parochial Church Council Of The Ecclesiastical Parish Of St Alkmund And St Werburgh, Derby

2023-12-31-accounts

REGISTERED CHARITY NUMBER: 1132891

REPORT OF THE TRUSTEES AND

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023

FOR

ST ALKMUND AND ST WERBURGH PAROCHIAL CHURCH COUNCIL

Johnson Tidsall Limited Chartered Accountants 81 Burton Road Derby Derbyshire DE1 1TJ

ST ALKMUND AND ST WERBURGH PAROCHIAL CHURCH COUNCIL

CONTENTS OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023

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Page
Report of the Trustees 1 to 5
Independent Examiner's Report 6
Statement of Financial Activities 7
Balance Sheet 8
Notes to the Financial Statements 9 to 18
Detailed Statement of Financial Activities 19 to 20
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ST ALKMUND AND ST WERBURGH PAROCHIAL CHURCH COUNCIL

REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 DECEMBER 2023

The trustees present their report with the financial statements of the charity for the year ended 31 December 2023. The trustees have adopted the provisions of Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019).

The registered charity name is: The Parochial Church Council of the Ecclesiastical Parish of St Alkmund and St Werburgh, Derby.

The parish of St Alkmund and St Werburgh has one main place of worship within the parish (St Alkmund's church) which is situated on Kedleston Road, Derby. It is part of Derby City Deanery of the Diocese of Derby within the Church of England.

OBJECTIVES AND ACTIVITIES

Objectives and aims

We exist to provide a worshipping community to the people of St Alkmund's. We have seen continuing change within our church community in the past year as we have continued to explore our vision, aims and objectives. Core themes for the vision are:

We are excited by this new direction and will continue to pray and discern the way we feel God is calling us to go.

Page 1

ST ALKMUND AND ST WERBURGH PAROCHIAL CHURCH COUNCIL

REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 DECEMBER 2023

OBJECTIVES AND ACTIVITIES

Significant activities

The church mid week ministries include an overseas student ministry (Meeting Place), Friendship Group for the over 60s, a young children and parents group (Little Nippers), a ministry to the lost the least and the marginalised in society including provision of food bags and other basic needs (Storehouse), a group for those who enjoy socializing over craft activities (sew and sew) and a group which works with the council in the Summer months on weekends to help in practical manual ways to those in need (shoulder to shoulder). Members are also encouraged to be part of small community groups which meet mid-week which often centre around bible study, prayer and pastoral support.

These mid week ministries touch many people each week who would not consider themselves part of the congregation nor perhaps part of the church membership, but they are our extended community. During 2023, we have continued to face challenges to re-mobilise people resources to meet the needs of re-mobilising pre-COVID activities. We recognize this is a challenge facing many in the voluntary sector across the UK at this time. We are continuing to see an increase in outside groups wanting to use our building, which is encouraging.

Our staff team has included the following roles: part time administrator, part time caretaker, a children and families worker and a pioneer lay minister to the West End Community across the street from our Parish, who also led our youth program. During the year, our administrator and pioneer minister both resigned, and we ended 2023 with both positions vacant. Significant volunteer effort was required to maintain essential functions in the office and in the care of our building, and we are grateful to those who gave generously of their time during this period. The PCC has approved the recruitment of part time administrator and part time youth worker, and we hope to appoint to these positions early in 2024. We employ the services of an external book-keeper and have and external cleaning contract. The focus of our employment of staff is to enable the mission of the church through administrative support and releasing of lay volunteers.

The PCC has also authorized recruitment of a part time Facilities Manager to replace a long-standing volunteer who is standing down, recognizing the need for certain statutory duties to be fulfilled despite the absence of a replacement volunteer to carry these responsibilities.

2023 has been a financially more stable year with continued focus on keeping a balanced prudent budget, living within our means. We set a budget based on previous years income and ended the year with net assets of £76,500. Our biggest financial challenge moving forwards involves managing our building long-term multiple elements of the building requiring investment, including our roofs (>£1M), glazing, heating system, and audio-visual equipment. This is something we continue to seek God's guidance on, recognizing that the church is a body of members and our building functions to support our aims, therefore in finalizing our vision we hope that plans for our building will become clearer.

We continue to develop our connections with neighbouring churches: St Anne's, St Paul's Chester Green (where our associate minister is priest-in-charge) and St John's (where our vicar is also priest in charge).

Overall, we feel we are still in a season of rebuilding - post-COVID and with a new vicar, vision and emerging partneships with neighbouring churches. There is much to do.

Public benefit

The PCC has considered the guidance of the Charity Commission with regard to public benefit. In planning activities PCC consider the charity commission guidance and how it relates to our objectives.

ACHIEVEMENT AND PERFORMANCE

Membership and attendance

The Church Electoral roll was 152 members on 31 December 2023. During 2023, Sunday worship continued in the building, and we have retained a livestream and on-demand facility on YouTube, which continues to be used by those who cannot or choose not to worship in person. Average in-person attendance for 2023 was 130 Accessing services via YouTube has declined since in-person worship recommenced, but there remain a small but significant number of people for whom this is beneficial.

Charitable activities

We now aim to give away 10% of our income to a variety of people and projects both in the UK and overseas. The aim is to support people and projects outside our parish boundary where we have no expectation of receiving a reciprocal benefit. This is mainly managed through a group called LINKS who pray monthly for projects and people we have connections with.

Page 2

ST ALKMUND AND ST WERBURGH PAROCHIAL CHURCH COUNCIL

REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 DECEMBER 2023

FINANCIAL REVIEW

Financial position

The 2023 Budget was set inline with previous experience was set to be a balanced budget to support the needs of the church whilst maintaining a the reserves policy as set by the PCC. As such a small surplus £10,121 was present at the end of the year with net assets of £76,500 being maintained above the reserves level.

The Income for the year is almost entirely voluntary giving from church members. There is extensive use of tax efficient giving using gift aid and payroll giving. New members are encouraged to commit to regular giving at the same time as committing to regular attendance and becoming part of our worshipping community.

Total Income for 2023 was £250,353. Total expenditure was £240,232 of which £74,373 was our Common Fund payment - a contribution to the work of the Church of England across the Diocese of Derby. Staff wages account for £67,015 and other fixed costs such as electricity/gas, insurance and upkeep of the building accounting for £72,800.

The Net Income for the year was £10,121 leaving net assets of £76,500 which has increased to above our reserve baseline set by the PCC largely due to savings due to lower staff costs.

Investment Policy and Objectives

It is our policy to invest funds with the COIF Church of England Deposit Fund.

Reserves policy

It is PCC policy to maintain sufficient reserves of cash to enable payment of one month's unrestricted expenditure, minimum redundancy payments, and a suitable sum to cover emergency situations. Currently the sum considered to cover these potential outgoings is £20,000. Our end of year net assets position is £76,500.

Our 2023 budget has been set to be a balanced budget of expenditure against realistic income forecast. We plan to review the budget during the year and will respond as appropriate if income does not match expectations, looking to restrict expenditure further if it is lower and release additional spending if it is higher.

Going concern

Nearly all our charity income comes from planned giving from the congregation, who give through regular standing orders and payroll giving. Much of this qualifies for Gift Aid. AS our building has reopened, so our income form room hire has increased, although this is not yet a significant income. We are encouraged that giving to the church has remained broadly in line with previous pre-pandemic years and we have been able to maintain our charitable purposes. On the whole we were able to meet our budget in 2023, although in some areas we spent below what we had budgeted as some ministries were not fully active through the year. We remain confident that the Charity can continue as a going concern.

STRUCTURE, GOVERNANCE AND MANAGEMENT

Governing document

The charity is governed by Church of England legislation as set out in the Parochial Church Councils (Powers) Measure 1956 as amended and the Church Representation Rules (contained in Schedule 3 to the Synodical Government Measure 1969 as amended).

Recruitment and appointment of new trustees

The method of appointment of PCC members is set out in the Church Representation Rules. All church regular attenders over 16 years are encouraged to register on the Electoral Roll and therefore be eligible to stand for and vote in the PCC elections.

Organisational structure

The day to day management of the church is the responsibility of the Senior Leadership Team comprising the ordained ministers and churchwardens. This team is responsible for formulating church strategy and identifying future objectives and activities and remains accountable to the PCC. The PCC reflect and consider these proposals and after any amendment seek to enable the delivery of them by approving funding, encouraging lay involvement and supporting the leadership team. The Staff team are line managed by the ordained ministers.

Induction and training of new trustees

Specific training is provided to members of PCC and employed staff where the need is identified or where legislation requires it.

Page 3

ST ALKMUND AND ST WERBURGH PAROCHIAL CHURCH COUNCIL

REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 DECEMBER 2023

STRUCTURE, GOVERNANCE AND MANAGEMENT

Risk management

There is a standing item on PCC agenda to address health and safety or safeguarding risks identified. There is a Health and Safety policy including a Fire Risk assessment, evacuation plans, health and hygiene in the kitchen and child protection policy, which is currently under review.

Financial management and fraud risk are mitigated by our budget processes. The PCC approves an annual budget and individual ministries and staff hold budgets where expenditure has to be approved by the budget holder. Progress against the budget is reviewed at each PCC meeting and by the Finance subcommittee (Vicars Wardens and Treasurer). Expenditure above specified limits requires the approval of PCC or two of the Senior Leadership Team.

REFERENCE AND ADMINISTRATIVE DETAILS Registered Charity number 1132891

Principal address

Parochial Church Council 40 Kedleston Road DERBY DE22 1GU

Trustees

PCC members who have served from 1 January 2023 until the date that this report was approved are:

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|||| |---|---|---| |Priest in charge|The Revd Mina Munns| |Associate Minister|The Revd James Durrant| |Chuchwardens|Mrs Nicole Stieger|Resigned April 2023| |Mrs Cathy Travis|Elected April 2023| |Mr Jonathan Seddon|Acting Treasurer - Re-elected April 2023| |Deanery Synod representatives|Ms Anita Jones|from April 2023| |Mr Hugh Craig| |Mrs Jacqueline Haywood|Safeguarding - from April 2023| |Mr Jon Seddon|until April 2023| |Elected members|Mrs Alex Lacey|Electoral Roll Officer| |Mrs Anita Dinmore| |Mr Mark Lewis|Health & Safety - resigned July 2023| |Mr Dan Sanders|Health & Safety - from July 2023| |Mr James Meek| |Mr Jonathan Schmidt|Secretary| |Mr Paul Archer|Fabric| |Dr Richard Crowson| |Mrs Rosemary Archer|Treasurer until April 2023| |Mr Mark Bellis|Elected April 2023| |Dr Leo Monteiro|Elected April 2023| |Co-opted members|Mr Levi Martin|Co-opted April 2023| |Ms Hannah Latham|Co-opted April 2023| |Mr Andy Curtis|Co-opted as Treasurer November 2023|

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ST ALKMUND AND ST WERBURGH PAROCHIAL CHURCH COUNCIL

REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 DECEMBER 2023

REFERENCE AND ADMINISTRATIVE DETAILS Independent Examiner

David Mellor FCA Johnson Tidsall Limited Chartered Accountants 81 Burton Road Derby Derbyshire DE1 1TJ

Bankers

National Westminster Bank plc PO Box 283 58 St Peters Street Derby DE1 9DT

CCLA Investment Management Limited COIF Charity Funds Senator House 85 Queen Victoria Street London EC4V 4ET

Approved by order of the board of trustees on ............................................. and signed on its behalf by:

.......................................................................... Mr J Seddon - Trustee

Page 5

INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF ST ALKMUND AND ST WERBURGH PAROCHIAL CHURCH COUNCIL

Independent examiner's report to the trustees of St Alkmund and St Werburgh Parochial Church Council

I report to the charity trustees on my examination of the accounts of St Alkmund and St Werburgh Parochial Church Council (the Trust) for the year ended 31 December 2023.

Responsibilities and basis of report

As the charity trustees of the Trust you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 ('the Act').

I report in respect of my examination of the Trust's accounts carried out under Section 145 of the Act and in carrying out my examination I have followed all applicable Directions given by the Charity Commission under Section 145(5)(b) of the Act.

Independent examiner's statement

Since your charity's gross income exceeded £250,000 your examiner must be a member of a listed body. I can confirm that I am qualified to undertake the examination because I am a member of the ERROR - relevant professional body must be completed, which is one of the listed bodies.

I have completed my examination. I confirm that no material matters have come to my attention in connection with the examination giving me cause to believe that in any material respect:

  1. accounting records were not kept in respect of the Trust as required by Section 130 of the Act; or

  2. the accounts do not accord with those records; or

  3. 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 2008 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 understanding of the accounts to be reached.

David Mellor FCA

Johnson Tidsall Limited Chartered Accountants 81 Burton Road Derby Derbyshire DE1 1TJ

Date: .............................................

Page 6

ST ALKMUND AND ST WERBURGH PAROCHIAL CHURCH COUNCIL

STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 DECEMBER 2023

2023
Unrestricted
Restricted
Total
funds
funds
funds
Notes
£
£
£
INCOME AND ENDOWMENTS FROM
Donations and legacies
3
233,630
5,317
238,947
Charitable activities
5
Church activities
8,536
-
8,536
Investment income
4
757
-
757
Other income
6
2,113
-
2,113
Total
245,036
5,317
250,353
EXPENDITURE ON
Charitable activities
7
Church activities
235,021
5,211
240,232
NET INCOME
10,015
106
10,121
RECONCILIATION OF FUNDS
Total funds brought forward
64,922
1,473
66,395
TOTAL FUNDS CARRIED FORWARD
74,937
1,579
76,516		 2022
Total
funds
£
243,510
11,838
163
488
255,999
223,592
32,407
33,988
66,395

The notes form part of these financial statements

Page 7

ST ALKMUND AND ST WERBURGH PAROCHIAL CHURCH COUNCIL

BALANCE SHEET 31 DECEMBER 2023

Unrestricted
Restricted
funds
funds
Notes
£
£
CURRENT ASSETS
Debtors
13
44,617
-
Cash at bank and in hand
41,428
1,579
86,045
1,579
CREDITORS
Amounts falling due within one year
14
(11,108)
-
NET CURRENT ASSETS
74,937
1,579
TOTAL ASSETS LESS CURRENT LIABILITIES
74,937
1,579
NET ASSETS
74,937
1,579
FUNDS
15
Unrestricted funds
Restricted funds
TOTAL FUNDS		 2023
Total
funds
£
44,617
43,007
87,624
(11,108)
76,516
76,516
76,516
74,937
1,579
76,516		 2022
Total
funds
£
28,543
47,034
75,577
(9,182)
66,395
66,395
66,395
64,922
1,473
66,395

The financial statements were approved by the Board of Trustees and authorised for issue on ............................................. and were signed on its behalf by:

............................................. Mr J Seddon - Trustee

............................................. Mrs R Archer - Trustee

The notes form part of these financial statements

Page 8

ST ALKMUND AND ST WERBURGH PAROCHIAL CHURCH COUNCIL

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023

1. STATUTORY INFORMATION

St Alkmund and St Werburgh Parochial Church Council is a charity registered with the Charity Commission. The charity's registered number and principal address can be found in the Reference and Administrative details of the Report of the Trustees.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements

The financial statements of the charity, which is a public benefit entity under FRS 102, have been prepared in accordance with the Charities SORP (FRS 102) 'Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019)', Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Charities Act 2011. The financial statements have been prepared under the historical cost convention.

The financial statements have been prepared to give a 'true and fair' view and have departed from the Charities (Accounts and Reports) Regulations 2008 only to the extent required to provide a 'true and fair view'. This departure has involved following the Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard for Smaller Entities published on 16 July 2014 rather than the Accounting and Reporting by Charities: Statement of Recommended Practice effective from 1 April 2005 which has since been withdrawn.

The presentation currency of the financial statements is the Pound Sterling (£).

Going concern

The charity has reported a surplus for the year. The trustees operate a tight budget to monitor expenditure against realistic income. Our Reserves Policy ensures that we maintain a balance of £20,000 in our General Account.The trustees are of the opinion that there is no concern over going concern.

Financial reporting standard 102 - reduced disclosure exemptions

The charity has taken advantage of the following disclosure exemptions in preparing these financial statements, as permitted by FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland':

Significant judgements

There are no significant judgements (apart from those involving estimates) on amounts recognised in the financial statements:

Income

All income is recognised in the Statement of Financial Activities once the charity has entitlement to the funds, it is probable that the income will be received and the amount can be measured reliably.

For donations to be recognised the charity will have received the funds or have been notified of the amounts and the settlement date in writing. If there are conditions attached to the donation and this requires a level of performance before entitlement can be obtained then income is deferred until those conditions are fully met or the fulfilment of those conditions is within the control of the charity and it is probable that they will be fulfilled.

For legacies, entitlement is the earlier of the charity being notified of an impending distribution or the legacy being received. At this point income is recognised. On occasion legacies will be notified to the charity however it is not possible to measure the amount expected to be distributed. On these occasions, the legacy is treated as a contingent asset and disclosed.

Investment income relates to bank deposit accounts and is recognised when received.

Tax recoverable for the year on covenanted and gift aid donations is included in the income and expenditure account on an accruals basis.

Page 9

ST ALKMUND AND ST WERBURGH PAROCHIAL CHURCH COUNCIL

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 DECEMBER 2023

2. ACCOUNTING POLICIES - continued

Income

Grants

Income from grants is recognised at fair value when the charity has entitlement after any performance conditions have been met, it is probable that the income will be received and the amount can be measured reliably.

Debtors

Other debtors are recognised at the settlement amount due less any discount. Prepayments are valued at the amount prepaid.

Expenditure

Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources.

Irrecoverable VAT

The PCC is not registered for VAT and all irrecoverable VAT is charged against the expenditure heading for which it was incurred.

Creditors

Creditors are recognised where the charity has a present obligation resulting from a past event that will probably result in the transfer of funds to a third party and the amount due to settle the obligation can be measured or estimated reliably. Creditors are recognised at their settlement amount.

Taxation

The charity is exempt from tax on its charitable activities.

Fund accounting

The Parochial Church Council has both unrestricted and restricted funds.

Unrestricted funds represent the funds of the Parochial Church Council that are not subject to any restrictions regarding their use and are available for application to the general purposes of the Parochial Church Council.

Restricted funds relate to donations and grants which are specified for a particular purpose. Income is included in incoming resources of restricted funds when received. The relevant expenditure is then matched as restricted expenditure.

Further explanation of the nature and purpose of each fund is included in the notes to the financial statements.

The financial statements include all transactions, assets and liabilities for which the Parochial Church Council is responsible in law. They do not include the accounts of Church groups that owe their main affiliation to another body, nor those that are informal gatherings of Church members.

Pension costs and other post-retirement benefits

The charity operates a defined contribution pension scheme. Contributions payable to the charity's pension scheme are charged to the Statement of Financial Activities in the period to which they relate.

Fixed assets

Consecrated land and buildings and movable church furnishings:

Consecrated and beneficed property is excluded from the financial statements by section 96(2) (a) of the Charities Act 1993.

Page 10

ST ALKMUND AND ST WERBURGH PAROCHIAL CHURCH COUNCIL

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 DECEMBER 2023

2. ACCOUNTING POLICIES - continued

Fixed assets

No value is placed on movable church furnishings held by the church wardens on special trust for the Parochial Church Council and which require a faculty for disposal since the Parochial Church councillorship consider this to be an inalienable property. All expenditure incurred during the year on consecrated or beneficed buildings and movable church furnishings, whether maintenance or improvement, is written off as expenditure in the Statement of Financial Activities and separately disclosed.

Other fixtures and fittings:

All expenditure on other fixtures and fittings is treated as expenditure in the year that it is incurred.

Current assets

Short term depositary in respect of cash held with the CBF Church of England Deposit Fund or at a bank in a separate deposit account.

Financial instruments

Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as either financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

3.

DONATIONS AND LEGACIES

Gift aid
Grants
Income tax recoverable on Gift Aid
Other identified giving		 2023
£
151,913
5,047
36,781
45,206
238,947		 2022
£
152,544
4,905
38,582
47,479
243,510

Grants received, included in the above, are as follows:

DDBF Mission fund
Derby Diocese Board of Finance energy fund
Derby City Council winter warm rooms		 2023
2022
£
£
4,947
-
100
3,750
-
1,155
5,047
4,905

Page 11

ST ALKMUND AND ST WERBURGH PAROCHIAL CHURCH COUNCIL

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 DECEMBER 2023

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4. INVESTMENT INCOME
2023 2022
£ £
Deposit account interest 757 163
5. INCOME FROM CHARITABLE ACTIVITIES
2023 2022
Activity £ £
Church hall lettings Church activities 7,241 10,036
Marriage and funeral fees Church activities 1,295 1,802
8,536 11,838
6. OTHER INCOME
2023 2022
£ £
Miscellaneous income 433 8
CSU administration recovery 480 480
Pioneer activities 1,200 -
2,113 488
7. CHARITABLE ACTIVITIES COSTS
Direct Support
Costs (see costs (see
note 8) note 9) Totals
£ £ £
Church activities 233,443 6,789 240,232
8. DIRECT COSTS OF CHARITABLE ACTIVITIES
2023 2022
£ £
Staff costs 67,015 67,956
Charitable giving 10,232 21,426
Ministry: Diocesan parish share 74,373 74,219
Other clergy costs 1,098 366
Church running expenses 39,920 22,280
Church maintenance 14,715 11,236
Church cleaning expenses 7,925 6,047
Equipment 5,227 5,632
Junior church and youth work 617 1,672
Outreach and special events 3,461 3,808
Printing and stationery 1,117 264
Telephone 1,082 698
Bank charges 630 532
Rental of equipment 974 974
Kitchen expenses 837 262
Carried forward 229,223 217,372
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ST ALKMUND AND ST WERBURGH PAROCHIAL CHURCH COUNCIL

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 DECEMBER 2023

8. DIRECT COSTS OF CHARITABLE ACTIVITIES - continued

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|||| |---|---|---| |2023|2022| |£|£| |Brought forward|229,223|217,372| |PCC contingency|-|274| |Pioneer activities|4,220|-| |233,443|217,646| |9.|SUPPORT COSTS| |Governance| |costs| |£| |Church activities|6,789|

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Support costs relate to the independent examination fee £2,000 (2022: £1,915) and bookkeeping services £4,666 (2022: £4,031).

10. TRUSTEES' REMUNERATION AND BENEFITS

There were no trustees' remuneration or other benefits for the year ended 31 December 2023 nor for the year ended 31 December 2022.

Trustees' expenses

Expenses incurred in the course of ecumenical duties totalling £1,038 (2022: £185) were reimbursed to 3 member(s) (2022: 2) of the Parochial Church Council.

11. STAFF COSTS

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|||| |---|---|---| |2023|2022| |£|£| |Wages and salaries|63,634|62,770| |Social security costs|98|1,369| |Other pension costs|3,283|3,817| |67,015|67,956|

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Key employees

The executive decision making body is the senior leadership team comprising the clergy and churchwardens, none of whom are paid by the charity although the clergy receive reasonable expenses incurred in the course of their work, the remaining trustees complete the PCC whose role is to discuss challenge and clarify proposals from the senior leadership team then the whole PCC vote where necessary. The employed staff are not trustees and their function is either administrative or practical in delivering and supporting the church ministries. There are no key employees as described in the current legislation.

The average monthly number of employees during the year was as follows:

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|||| |---|---|---| |2023|2022| |Number of staff|4|3|

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No employees received emoluments in excess of £60,000.

The number of full time equivalent staff was 2 (2022: 2).

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ST ALKMUND AND ST WERBURGH PAROCHIAL CHURCH COUNCIL

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 DECEMBER 2023

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12. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES
Unrestricted Restricted Total
funds funds funds
£ £ £
INCOME AND ENDOWMENTS FROM
Donations and legacies 238,380 5,130 243,510
Charitable activities
Church activities 11,838 - 11,838
Investment income 163 - 163
Other income 488 - 488
Total 250,869 5,130 255,999
EXPENDITURE ON
Charitable activities
Church activities 218,373 5,219 223,592
NET INCOME/(EXPENDITURE) 32,496 (89) 32,407
RECONCILIATION OF FUNDS
Total funds brought forward 32,426 1,562 33,988
TOTAL FUNDS CARRIED FORWARD 64,922 1,473 66,395
13. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£ £
Income tax recoverable 21,722 10,094
Other debtors 2,111 1,161
Amounts owed by Church Trust 20,316 16,820
Prepayments and accrued income 468 468
44,617 28,543
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ST ALKMUND AND ST WERBURGH PAROCHIAL CHURCH COUNCIL

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 DECEMBER 2023

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14. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£ £
Taxation and social security 764 579
Other creditors 10,344 8,603
11,108 9,182
15. MOVEMENT IN FUNDS
Net
movement At
At 1/1/23 in funds 31/12/23
£ £ £
Unrestricted funds
General fund 64,922 10,015 74,937
Restricted funds
Storehouse project - 270 270
Friendship group 315 (164) 151
-
Darley and West End food bank 1,158 1,158
1,473 106 1,579
TOTAL FUNDS 66,395 10,121 76,516
Net movement in funds, included in the above are as follows:
Incoming Resources Movement
resources expended in funds
£ £ £
Unrestricted funds
General fund 245,036 (235,021) 10,015
Restricted funds
Storehouse project 270 - 270
-
Friendship group (164) (164)
-
Derby Diocese Board of Finance 5,047 (5,047)
5,317 (5,211) 106
TOTAL FUNDS 250,353 (240,232) 10,121
----- End of picture text -----

Page 15

ST ALKMUND AND ST WERBURGH PAROCHIAL CHURCH COUNCIL

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 DECEMBER 2023

15. MOVEMENT IN FUNDS - continued

Comparatives for movement in funds

At 1/1/22
£
Unrestricted funds
General fund
32,426
Restricted funds
Friendship group
404
Darley and West End food bank
1,158
1,562
TOTAL FUNDS
33,988
Comparative net movement in funds, included in the above are as follows:
Incoming
resources
£
Unrestricted funds
General fund
250,869
Restricted funds
Storehouse project
225
Friendship group
-
Derby Diocese Board of Finance
3,750
Derby City Council
1,155
5,130
TOTAL FUNDS
255,999
A current year 12 months and prior year 12 months combined position is as follows:
At 1/1/22
£
Unrestricted funds
General fund
32,426
Restricted funds
Storehouse project
-
Friendship group
404
Darley and West End food bank
1,158
1,562
TOTAL FUNDS
33,988		 Net
movement
At
in funds
31/12/22
£
£
32,496
64,922
(89)
315
-
1,158
(89)
1,473
32,407
66,395
Resources
Movement
expended
in funds
£
£
(218,373)
32,496
(225)
-
(89)
(89)
(3,750)
-
(1,155)
-
(5,219)
(89)
(223,592)
32,407
Net
movement
At
in funds
31/12/23
£
£
42,511
74,937
270
270
(253)
151
-
1,158
17
1,579
42,528
76,516

Page 16

ST ALKMUND AND ST WERBURGH PAROCHIAL CHURCH COUNCIL

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 DECEMBER 2023

15. MOVEMENT IN FUNDS - continued

A current year 12 months and prior year 12 months combined net movement in funds, included in the above are as follows:

Unrestricted funds
General fund
Restricted funds
Storehouse project
Friendship group
Derby Diocese Board of Finance
Derby City Council
TOTAL FUNDS		 Incoming
resources
£
495,905
495
-
8,797
1,155
10,447
506,352		 Resources
Movement
expended
in funds
£
£
(453,394)
42,511
(225)
270
(253)
(253)
(8,797)
-
(1,155)
-
(10,430)
17
(463,824)
42,528

Restricted funds

Storehouse project comprises a ministry to the homeless, dispossessed and those in significant need, providing practical help, support, friendship and worship.

Friendship group is a place for fun, friendship and sustenance for the over 60's at St Alkmunds and in the surrounding community, providing a service for the overall wellbeing of its members.

The Ramp fund relates to a specific campaign to raise funds to construct a ramp to the front of the church to enable easier access and replace doors and windows.

The Darley and West End food bank fund was set up for the benefit of disadvantaged people in the local community.

The Diocese of Derby fund was granted to help fund increased energy costs.

The Derby City Council fund was granted to fund the warm rooms project.

16. RELATED PARTY DISCLOSURES

Unrestricted donations to the charity by the trustees in the year amounted to £39,043 (2022: £38,692). Gift aid was reclaimed on these donations of £9,761 (2022: £9,673).

During the year £3,600 (2022:£3,600) was paid to trustee Jonathan Schmidt in respect of charitable giving to Youth with A Mission. This is a Christian charity with an outreach group based in Derby. Jonathan and his spouse head up this work on a full-time basis and income comes entirely from gifts and donations. St Alkmunds and St Werburgh PCC supports mission partners both abroad and at home as part of the PCC's vision.

Page 17

ST ALKMUND AND ST WERBURGH PAROCHIAL CHURCH COUNCIL

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 DECEMBER 2023

17. ULTIMATE CONTROLLING PARTY

The charity was under the control of the Parochial Church Council throughout the current and previous year.

Page 18

ST ALKMUND AND ST WERBURGH PAROCHIAL CHURCH COUNCIL

DETAILED STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 DECEMBER 2023

INCOME AND ENDOWMENTS
Donations and legacies
Gift aid
Grants
Income tax recoverable on Gift Aid
Other identified giving
Investment income
Deposit account interest
Charitable activities
Church hall lettings
Marriage and funeral fees
Other income
Miscellaneous income
CSU administration recovery
Pioneer activities
Total incoming resources
EXPENDITURE
Charitable activities
Wages
Social security
Pensions
Charitable giving
Ministry: Diocesan parish share
Other clergy costs
Church running expenses
Church maintenance
Church cleaning expenses
Equipment
Junior church and youth work
Outreach and special events
Printing and stationery
Telephone
Bank charges
Carried forward		 2023
£
151,913
5,047
36,781
45,206
238,947
757
7,241
1,295
8,536
433
480
1,200
2,113
250,353
63,634
98
3,283
10,232
74,373
1,098
39,920
14,715
7,925
5,227
617
3,461
1,117
1,082
630
227,412		 2022
£
152,544
4,905
38,582
47,479
243,510
163
10,036
1,802
11,838
8
480
-
488
255,999
62,770
1,369
3,817
21,426
74,219
366
22,280
11,236
6,047
5,632
1,672
3,808
264
698
532
216,136

This page does not form part of the statutory financial statements

Page 19

ST ALKMUND AND ST WERBURGH PAROCHIAL CHURCH COUNCIL

DETAILED STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 DECEMBER 2023

Charitable activities
Brought forward
Rental of equipment
Kitchen expenses
PCC contingency
Pioneer activities
Support costs
Governance costs
Accountancy and legal fees
Total resources expended
Net income		 2023
£
227,412
974
837
-
4,220
233,443
6,789
240,232
10,121		 2022
£
216,136
974
262
274
-
217,646
5,946
223,592
32,407

This page does not form part of the statutory financial statements

Page 20