Living God, we pray for growth in St Michael's and St Mary's: make us effective evangelists, deepen our spirituality, and strengthen us for service, in your name and to your glory. Amen.
## **Annual Report and Accounts 2023**
including the Agenda for the Annual Meeting 10.30 am Sunday, 19[th] May 2024 in St Michael’s Church
UK Registered Charity 1132915
The Parish Office The Vicarage St Michael’s Street St Albans, AL3 4SL
www.stmichaels-parishchurch.org.uk/
Governed by the Parochial Church Council Powers Measure (1956) as amended and Church Representation Rules
## **THE ANNUAL PARISH MEETINGS**
# **Sunday 19[th] May 2024**
## **10.30am THE ANNUAL MEETING OF PARISHIONERS**
- Appointment of Clerk
- Election of Churchwardens
## **10.35am THE ANNUAL PAROCHIAL CHURCH MEETING**
- Apologies
- To receive the revised Electoral Roll
- To confirm the minutes of the meeting held on 22[nd] May 2023
- Delegation of Churchwardens’ powers in respect of St Mary, Childwick Green to those elected as Deputy Churchwarden(s)
- Election of Deputy Churchwarden(s)
- Election of members to St Albans Deanery Synod
- Election of members to the PCC
- Election of St Mary’s sub-committee
- Election of Stewards (Sidesmen)
- Election of Assistant Churchwarden(s) for St Michael’s
- To receive the Annual Report of the PCC including Accounts for the year
- ended 31[st] December 2023
- Appointment of Reviewing Accountant
- Chairman’s remarks
- Matters arising from minutes of 22[nd] May 2023 or discussion of matters of general
parochial interest _– to be sent in advance to Jonny at vicar@parishofstmichaels.org.uk_
- Date of Next Meeting
- Grace
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## Contents
|Vicar’s Introduction|4|
|---|---|
|Church Wardens’ Report
|5|
|Statement of Public Benefit|6|
|PCC Members 2023|7|
|Council Report (PCC Secretary)|8|
|Mission and Community Committee Report|8|
|Pastoral and Worship Committee Report|9|
|Safeguarding Report|10|
|
Stewardship Committee Report|10|
|St Mary, Childwick Green Report (Childwick)|11|
|Minutes of the Annual Meetings 2023|12|
|Accounts for the Ecclesiastical Parish of St Michael, St Albans|16|
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## Vicar’s Introduction
It has been a year since I started in service as Vicar of St Michael’s with St Mary’s; I was installed and had the annual parish meeting in the same fortnight. I don’t know quite how that has happened, as it feels like we have barely arrived in the parish, but there we are!
First, I must offer thanks for all that has been done in service of the church in the year 2023. As the reports show, the churches did not stand still during the vacancy, and we continue to be blessed by the offerings of the talents and time of so many. Without them this parish would be unable to carry out its mission of witness and service to our local communities. Thank you in particular to Val and Mark, our Wardens. As many of you know, I have asked Ann Dean, our amazing archivist to begin a project of collating all the known names of the Wardens of this parish so that we can record them on a board, similar to the Vicars’ board that hangs on the south wall. I think it is important to do this because the ministry of a church is not just that of its clergy (thank _goodness_ ) but of its people, represented by the Wardens who are elected each year for that purpose. As St Paul helpfully puts it in Philippians 1, we are all partners in the Gospel, and at St Michael’s I am deeply grateful for the committed partnership of Val and Mark, and of the Assistant Wardens the parish is blessed with.
Thanks too to all our volunteers, and members of the PCC. I would like to say in particular, a few words of thanks to Ken, Kate, and Mark who chair our PCC subcommittees, and to Gillian who has handed chairing the Pastoral and Worship Committee on after many years of service. To Paul for his chairing of the St Mary’s committee for what must be generations, as he now hands this on to a wider group. To Colin for his leadership of our musical life. To John for his continued support as Assistant Priest. To Nigel for his care and time, both of which are poured into our accounts. To Alison for her continued role as Safeguarding Officer, and all the unseen work that takes. To our Choir, Bell Ringers, Junior Church leaders, Welcomers, Stewards, Church and Churchyard Working Parties, Parish Administrator, Lay Visitors, Flower Arrangers, Friends of St Michael’s, Committee members, Readers, Intercessors, Webmasters, and the many others who support our common life selflessly. As well as every member of our various congregations for your service, support, and generosity.
As I continue my ministry in this place, I am aware of a great sense of privilege in serving as Vicar here. We worship, witness, and work together while facing the challenges of accommodating a wide range of theological, liturgical, and personal opinions, and we do so with good humour and grace. It can be challenging at times to decide what should be preserved and what it is correct to renew, refresh and stop. This parish however has been supportive of changes and welcomed our family with great kindness. Speaking of change, our tower at St Michael’s needs work, as does our drainage, and both of these will be a focus for 2024, along with the fundraising for them. We are working on a new website and logo for our churches, as we aim to communicate a message of openness and engagement in our online and print aspects. We will finish a new Mission Action Plan and set priorities for the church family for the next 3-5 years.
The PCC has said it would like to see our congregational numbers continue to recover after Covid and indeed grow in both our Churches. We often have new members
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attending our services and others returning as they now feel safe to do so, and I thank God for this. It is also important to note that we have increasing contacts in the community. I am working closely with St Michael’s as a governor and friend, and hope to start Confirmation classes in school in 2024. We are offering coffee after the Wednesday service again to parents and carers, and this is being well received. Links have been re-established with all schools in the parish, and visits to the church and requests for special services are developing.
The demand for the use of all our buildings is increasing and my thanks are offered to Danielle for her sterling work in dealing with this. It is also wonderful to see Baptisms and Wedding numbers increasing in both churches. Our links to Fosse House also go from strength to strength, with both Holy Communion and regular informal services taking place each month, at which attendance has grown significantly. Thanks to Phillip for his musical support of this especially. There are also Home Communions being requested and I am hopeful that we can relaunch a Lay Team to support the clergy once again in this Ministry.
There is much more I could say here but I think that will do. Thanks again to you, and most of all to Almighty God, who in his Son has given us so much, and who promises to be with us in all that is to come. As the dismissal in the Eucharist puts it, ‘let us go forth to love and serve the Lord, in the name of Christ. Amen. Alleluia.’ Let us indeed.
## Jonathan Lloyd
## Church Wardens’ Report
We began this year still in vacancy but secure in the knowledge that Jonny, Emily and the family would be moving down the hill. Our focus then was ensuring that we continued to offer all our weekly services at both St Michael’s and St Mary’s. We were able to do this with the continuing support of John Bannister, our Associate Priest, and Ruth Goatly, Associate Priest at St Mary’s, Marshalswick. It was a huge shock when Ruth was taken to hospital for life-saving treatment shortly after her hip operation, but we are delighted that she has now recovered. We are extremely grateful to John and Ruth for their support and wise counsel during this period. Mike Ford, Patsy Cann and Barbara Young also continued to deliver services at St Mary’s, while clergy from across the diocese presided at services in both churches. We thank all of them, especially Kylie Hodgins, Assistant Rural Dean, who was generous with her time in offering advice both to us and to Georgie about weddings and funerals.
Planning for Jonny’s Institution and Induction Service began in January. We discovered to our horror that both the Parish Centre and the school were unavailable on the night, so we decided to go for an outdoor reception in the churchyard. It was a boon that we were able to discuss the service with Fr Richard Watson, our Rural Dean, and Jonny in person, rather than manage everything over the airwaves. On the day, Mission & Community set up everything for the outdoor reception and parishioners contributed food. The Bishop of Hertford, Dean of St Albans, and all other clergy processed round the church before the service and, just as they got to the porch, the heavens opened. The clergy at the back of the procession got an unexpected shower but none of this detracted from the service itself. Plans were quickly changed to hold the reception in church, which proved very successful. M&C made the event a great success, in addition to all their other events this year, so a huge thank you to Kate Berry, the committee and all their helpers.
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Stewardship committee has been busy; Ken Young’s report shows just how much has been achieved and still needs doing. Nigel Voyce has managed our finances with his usual efficiency and support from Georgie in managing the payments system. As ever, John Mathews and Roy Brooks have done innumerable jobs in the church, Jim Mann’s churchyard group has kept things in wonderful order outside, while Jane Larman’s cleaning group has done the same inside. Anita Lindeman and Kathryn Mathews have provided wonderful and original floral decorations throughout the year and excelled themselves at Christmas. Think of them all when you see the church looking lovely!
Pastoral & Worship committee organised the Lent course last year based the book ‘On retreat with Henry Nouwen’ and the weekly sessions were led by different people, including Patsy and Nick Herbert. Organising all the Easter services was a challenge but we managed to run them all with the assistance of our supporting clergy and numbers were reasonably good. Colin Hamling continued to provide a variety of music for our services with the assistance of the choir, and to support us in numerous ways during the vacancy.
Our assistant wardens have supported us throughout the year; our grateful thanks to Sue Dyson, Anita Lindeman and Chris Allen, and to Rachel Naylor as we say ‘farewell’ to her and welcome Steph Rainbow in this role. Steph has also continued to support Georgie and Danielle as Office Manager. Paul Barnes has continued to ensure that all runs well at St Mary’s despite officially stepping down as Deputy Warden. We can’t list everyone by name, but we are extremely grateful to all of you for keeping everything running smoothly during the vacancy and beyond.
We ended the year on a very optimistic note; Jonny, Emily and the children have settled in very quickly and are contributing to parish and school life in so many ways. Taking on your first parish is a massive learning curve for a new incumbent and Jonny is not only showing himself equal to the challenge but actually seems to be enjoying it!
Val Chiesa and Mark Pedroz
## Statement of Public Benefit
The Ecclesiastical Parish of St Albans St Michael (UK Registered Charity 1132915) exists to offer Christian worship, teaching and pastoral care. Our provisions are open to those of all faiths and none, and are free at the point of delivery. (Some occasional offices do incur statutory fees, although we strive to ensure that none are excluded on the grounds of economic or other disadvantage.)
During the past year, public benefit has been advanced in many ways, including:
1. the provision of regular and seasonal worship in sacrament, liturgy and song;
2. the provision of occasional offices - baptisms, weddings, funerals - to mark important stages in the journey of life;
3. the provision of opportunities to engage with Christian doctrine in public preaching, teaching, small groups and children’s activities, both inside and outside of church, including in and for local schools;
4. the provision of services to vulnerable groups, including the establishment of a
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group for older parishioners which meets to walk - optional according to ability – which is followed by a pub lunch;
5. the provision of training in musical performance and theory through our choir, organ scholarship, choral scholarships and bell-ringing;
6. the provision of numerous formal and informal acts of pastoral care;
7. the maintenance of St Michael’s and St Mary’s as buildings of listed heritage in stone, wood, glass and metal;
8. the supply of St Michael’s and St Mary’s as venues for reflection, prayer, and tourism, open most days of the year;
9. the maintenance and supply of the Parish Centre, Memorial Hall, and Childwick Schoolroom as spaces for community gathering and hire, including at discounted rates to partner charities;
10. the raising of funds for partner charities and donations in kind for FEED, St Albans Foodbank
Subsequent entries in this Annual Report expand on the above.
## Parochial Church Council Members 2023
Members of the Parochial Church Council and Trustees of the Charity during 2023 were:
## **Ex Officio**
- Jonathan Lloyd
- Val Chiesa, Churchwarden, Lay Chair
- Mark Pedroz, Churchwarden, Lay Vice chair.
## **Elected to Deanery Synod**
- 3 elected triennially [2023-2026] and sit on PCC also:
- Sue Dyson
- Graham Willey
- Vicky Young [elected by PCC during ‘23]
## **Elected to PCC**
Elected at **APCM 2023** to serve on a rolling triennial basis:-
- Chris Allen
- Ken Young
- Lynn Ashmore
- Sue Vaughan
- Nigel Voyce
- Jane Larman
- Blessing Johnson
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- Dione Verulam
- Rachel Naylor
- Barbara Young
- David Carter
- Kate Berry
- John Bannister
- Vacancies: 3
## Council Report (PCC Secretary)
The PCC has held 6 meetings on alternate months during the past year. The average attendance has been 10 people. The meetings are represented by the four subcommittees:
- Mission and Community
- Pastoral and Worship
- Stewardship
- St. Mary’s.
The PCC includes members of the Standing Committee which typically involves both clergy and wardens. In addition to the Standing Committee the members of the Deanery Synod, Diocesan Synod and Friends of St. Michael's are included at the PCC. These committees report back to and participate in decision making for the PCC at the six meetings held during the year.
Lynn Ashmore
## Mission and Community Committee Report
2023 was a year of two parts - completion of the interregnum and the welcome of Jonny, Emily and their family in May. Your Mission & Community Committee have certainly not been idle over this period of change.
Responding to the King’s theme of volunteering on Coronation Bank Holiday Monday, 8[th] May, we organised a litter-pick around the Parish, providing tea and cakes at the Parish Centre for the helpers.
We were lucky again with the weather for Folk Night, where great music from the Swan Vesta Social Club and excellent food and drink drew in the crowds. Thanks to all the volunteers, who worked tirelessly, we raised c.£1700.
Thanks to Jane Larman for her indefatigable organisation of church cleaning and to the cleaning team, and to Kathryn Mathews and Anita Lindeman for running the Flower Power team and masterminding the spectacular floral decorations at Christmas and Easter.
Kathryn and Sue arranged five Parish Walks between April and October, followed by a pub lunch at the Portland Arms, where we were joined by some from the former lunch club, averaging 15 people for lunch. We held a picnic in the garden of St Mary’s in August and a Christmas Lunch at the Portland, both of which attracted 23 people.
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The Bonfire Party in November was a huge success, with profits up 37% year-on-year due to increased ticket and alcohol sales. We served mulled wine and mince pies at the Advent Service on 3[rd] December, which always go down well.
Where possible we happily support Val and Mark, who continue to do a wonderful job as Wardens, for which all are thankful. We work with the Pastoral and Worship Committee to ensure the continuation of pastoral care through phone calls, visits and help with transport. We visited residents at Fosse House for tea and cakes in June, August and October, taking three dogs on the last occasion, which went down very well. Another dog-patting visit is planned for the end of April.
M&C members supported Jonny with his hugely successful Burns Night in January, mashing neeps and tatties, manning the bar and enjoying a wonderful evening of Scottish ceremony, fare and dancing. It was an evening to remember and hopefully to repeat.
The Committee offers huge thanks to Kate Berry for her excellent leadership as Chair over the last few years and are delighted to welcome some new members to the team.
## Alison Ferreria, Jane Larman and Sue Vaughan
## Pastoral and Worship Committee Report
We said goodbye to Zoe King from the committee last year, with thanks for her contributions, as we did Patsy Cann when she left to continue her training as a Reader at Sandridge Parish. We welcomed The Rev’d John Bannister onto the group with a particular role as co-ordinator for home communions, for which he will be recruiting and training a team from the parish in 2024. Membership currently stands at 5, with Mark Pedroz as Chair, the parish clergy, Gill Davies, and Barbara Young as full-time members. It is hoped that this will grow in the year to come.
During the year we offered an Advent course at the Vicarage on St Mark’s Gospel which was well attended and thanks goes from the Committee and to all who helped in the delivery.
Worship remains central to the life of this parish and her churches. At Christmas the offering of a Christingle service during Advent was enthusiastically received. On Sunday mornings the offering of Churchyard Church each 3[rd] Sunday has given an opportunity for members of Junior Church to worship in a different way, and it is envisaged that this will continue to develop in structure in the year ahead. Thanks again, to all who assist in our ministry to young people- our church is indebted to you for your hard work and enthusiasm.
During the year the parish has joined the Prayerbook Society as a corporate member, recognising St Mary’s distinctive role in the parish and deanery as a ‘Prayer Book’ church. It has been heartening to see this change begin to gain traction with those beyond our boundaries, and that the congregation at St Mary’s continues to grow in their distinct identity within the parish.
Six new choral scholars have joined the choir and have greatly enhanced the worship at our churches.
Jonathan Lloyd
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## Safeguarding Report
The House of Bishops ‘Promoting a Safer Church’ which is the safeguarding policy statement of the Church of England, together with all supporting practice guidance, has been adopted by our PCC and remains the basis on which we implement safeguarding within the parish.
St Michael’s Church is committed to the safeguarding, care and nurture of children, young people, as well as vulnerable adults who are part of our church community. It is important to us that all our parishioners are able to worship with encouragement and safety.
In accordance with the Church of England guidelines, we continue to:
- include safeguarding as a standing item on the agenda of every PCC meeting.
- undertake an annual review of our safeguarding policy, which is approved by our PCC and can be viewed on the church website, as well as being displayed in the church and other church buildings.
- adopt and implement the Church of England policy for safer recruitment.
- obtain DBS (Disclosure and Barring Service) clearances for all volunteers working with children, young people and vulnerable adults, as well as for all PCC members in view of their position as trustees of the church.
- ensure that all people mentioned above receive the appropriate safeguarding training provided by the Church of England safeguarding team. This training is to be refreshed every 3 years.
- ensure that all groups who hire our church premises on a regular basis have their own safeguarding policy and if not, adopt ours.
I am very grateful for the support I receive from Jonny and Mark Pedroz, as well as the Diocesan safeguarding team.
## Alison Ferreira
## Stewardship Committee Report
During the year the stewardship committee met five times, organising a vast breadth of business, ably assisted by the ministries of Georgie Ray (Parish Administrator), Danielle Argent (Halls Administrator) and Colin Hamling (Director of Music). The care of the finances and fabric however relies heavily on the continued devotion of the myriad volunteers who give of their time and skills quietly and faithfully. Their value is immeasurable, and the parish would the poorer without them all.
Parish finances remain well-controlled and reserves are such that regular maintenance, compliance and improvements are affordable; as is the ability to plan sufficiently for the medium and long-term. Our parish is blessed with a portfolio of income streams: regular giving from the worshipping community, generous benefactors and visitors. Another income important income stream is the sizeable and growing contribution from those who hire and rent our space and facilities. However, with expenditure outstripping income we need to continue to focus on all of these areas.
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In 2023 we especially targeted investment on these spaces yielding greatest revenue as the value of the property increases whist better stewarding our physical assets. Amongst other improvements, we replaced toilet facilities in the Memorial Hall, where we also installed WiFi and replaced the heaviest imaginable, un-stackable tables. Additionally, we undertook unplanned repairs to the Memorial Hall bellcote which sprung a substantial leak and improved the decoration of the St Mary’s schoolroom.
Improvements highlighted (and in some cases not !) from our diocesan five-yearly architects prioritised our efforts in the first half of the year. The St Michael’s rotting tower roof timbers are the most significant and costly project being undertaken. We completed essential, electrical works at St Mary’s, repaired the choir vestry roof, removed roots blocking drains and of course the remedial plaster replacement at St Michael’s approaches completion now the residual damp concerns are better understood and managed.
There was a lot more besides.
Eco-church initiatives, championed by Peter Lindemann, are taking on a new impetus with the formation of a five-strong Sustainability Group which underwent some training and will expect to be most active in 2024.
We were extremely sorry to lose from the committee, but not of course from the work-force, Kevin Keenan and Trevor Simpson. Both remain actively involved and we all benefit from their commitment and experience. Membership remained constant however, with the introduction of Roy Brooks and of course Jonny Lloyd (Roy had a choice).
Finally, I would like to express our appreciation of Val Chiesa, her diligence, fortitude and patience: also of course, her inestimable minute taking prowess and guiding presence.
Ken Young
## St Mary, Childwick Green Report
Stately as a galleon, St Mary’s sails on with little changed other than the very welcome end of the Interregnum and the installation of our new vicar; welcome Jonny and family!
Attendance numbers are holding up well with a modest increase.
The quality of the services and preaching continue to be excellent.
We have benefited from continued, and welcome support from the parish and I believe have contributed in turn by providing a warm welcome to visitors. These mainly, but not exclusively, come in the way of walkers coming visiting the open Church.
There is written evidence of how effective this is by the (mostly) delightful comments in the Visitors’ Book and in many of the prayers hung on the branches of the prayer tree. Maybe this is a suitable mission for St Mary’s, it certainly seems appreciated.
Paul Barnes
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## Minutes of the Annual Meetings 2023
**Parish of St. Michael’s with St Mary’s**
## **ANNUAL PARISH MEETINGS**
## **MINUTES**
**Sunday 22[nd] May 2023 - St Michael’s Church**
## **10.25 am. THE ANNUAL MEETING OF PARISHIONERS**
## **1. Appointment of Clerk**
Lynn Ashmore is willing to serve in this capacity.
_nem con_
## **2. Election of Churchwardens**
Val Chiesa Proposed Nick Herbert Seconded Jim Mann Mark Pedroz Proposed Yolissa Palmer Seconded Russell Palmer _nem con_
Jonny thanked Val and Mark for all their valuable work over the past busy year.
## **10.35. THE ANNUAL PAROCHIAL CHURCH MEETING**
**1. Apologies.** Godfrey Davey, Mark Pedroz, Nigel Voyce, Sue Dyson, Val Carberry, Colin Roberts.
## **2. To Receive the Revised Electoral Roll**
The Electoral Roll is defined as a list of eligible people to vote at such meetings. Those who are not on the electoral roll and not resident in the Parish are not eligible to vote. Clergy are not eligible to vote in the elections of laity. The total number on the Electoral Roll for 2023 is **172.**
Proposed Stephanie Rainbow Seconded Jane Larman nem con
## **3. To receive the revised minutes of the meeting held on 22nd May 2022**
An accurate record. Proposed Rachel Naylor Seconded Sue Vaughan _nem con_
## **4. Delegation of Churchwardens’ power in respect of St. Mary’s, Childwick Green, to those elected as Deputy Churchwarden[s].**
Churchwardens’ power has been delegated to Deputy Churchwarden[s] for over 30 years. This shall continue. nem con
## **5** _._ **Election of Deputy Churchwarden[s]**
Paul Barnes wishes to step down after being our longest serving officer. Jonny said it had been Paul who was the first person to welcome him to St Michael’s and St Mary’s and he thanked him for his tremendous work and commitment over the years. Until someone comes forward to fill this role, the position remains vacant. nem con
## **6. Election of members to St Albans Deanery Synod**
The Synod meets 3 times a year and links St Michael’s to the next level for church governing. There are 3 people allocated to the St Albans Deanery Synod. Sue Dyson and Graham Willey are willing to remain in roll, therefore there is one vacancy which remains to be filled.
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Graham Willey Proposed Stephanie Rainbow Seconded Jane Larman
Sue Dyson Proposed Barbara Young Seconded Jane Larman nem con
## **7. Election of members to the PCC**
There are 15 elected members on a rolling triennial basis and **3** nominations have been received:
Ken Young Proposed Val Chiesa Seconded Geoff Goodall
Chris Allen Proposed Barbara Young Seconded Kate Berry
Sue Dyson Proposed Chris Allen Seconded Val Chiesa nem con
This leaves 5 vacancies in total: 2 for the triennium APCM ending 2026, 2 for APCM 2025 and 1 vacancy ending APCM 2024. The PCC retains the power to fill vacancies between APCMs.
It is noted that 1 of the 4 sub-committees has a Chair who is not on the PCC. Committees need to report to the PCC at the 6 meetings held during the year. It would be, therefore, necessary to share PCC minutes and other papers with this committee Chair.
Nigel Voyce to update the Charity Commission website with our latest trustee details.
## **8. Elections of St Mary’s sub-committee**
The following lay members remain in place include:
William Davis, Carolyn Barnes, Paul Barnes, Eike Davis, Sarah Worth, Richard Rushman, Ingrid Rushman & Helen Chapman. Proposed Kate Berry Seconded Chris Allen _nem con_
## **9. Election of Stewards (Sidesmen** )
The following continue in place and were re-elected:
|Chris Allen|Bob May|
|---|---|
|Carolyn Barnes|Guy Marshall|
|Roy Brooks|Kathryn Matthews|
|Margaret Brooks|John Matthews|
|Val Carberry|Sarah McJannet|
|Guido Chiesa|Richard North|
|Justin Costin|Yolissa Palmer|
|Eike Davis|Russell Palmer|
|Susan Drummond|Stephanie Rainbow|
|Di Edworthy|Neil Rainbow|
|John Facer|Imogen Slaughter|
|Alison Ferreira|Jenny Tarvet|
|Mike Ford|Anthony Taylor|
|Geoff Goodall|Nigel Voyce|
|Jenny Hehl|Maureen Voyce|
|Bronwen Hewer|Graham Willey|
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|Jacqueline Hoddy|Gordon Wright|
|---|---|
|Gill Huckerby|Barbara Young|
|Margaret Hughes|Ken Young|
|John Hughes|Kevin Yiu|
|Penny Kent|Anne Yiu|
|Wendy Klein||
|Jane Larman||
|Cornelia Lawrence||
|Sophie Levitt||
|Fiona Males||
|Guy Marshall||
|||
Proposed Kate Berry Seconded Chris Allen nem con
_'Alison [our Safeguarding Officer] noted that some safeguarding training is still due for renewal and since the APCM Jonny and she have liaised about this. They will continue to prompt those who have not got round to training, as yet, and the Vicar is happy to make his study available to support those who find accessing online training difficult.’_
## **10. Election of Assistant Churchwardens for St Michael’s**
Stephanie Rainbow, Sue Dyson, Chris Allen and Anita Lindeman are willing to serve in this capacity. There is 1 vacancy for this role.
Proposed Bronwen Hewer Seconded Alan Alkins
## _nem con_
## **11. To receive the Annual Report of the PCC including Accounts for the year ended 31[st] December 2022**
Jonny thanked Nigel for the important work which has gone into the financial report and accounts and all his ongoing commitment to this. Nigel will send these docs to the Diocese and Charity Commission. Proposed Barbara Young Seconded Sue Vaughan nem con
## **12. Appointment of Reviewing Accountant**
Inspector of Accounts Brendan Chambers is appointed on the basis that he is prepared to stand again. Proposed Ken Young Seconded Gill Huckerby _nem con_
## **13. Chairman’s remarks**
At the outset I want to say what a privilege it is to have been called to serve you and this parish as your Vicar. It is a responsibility both wonderful and awesome, and, as I said at my installation service, one that I am both conscious of and to which I commit myself fully. At the end of this first week and a half in post I’m aware that I’ve barely begun to scratch the surface of who we are as a church community, but I (and we) already feel at home, and are looking forward to growing together as a wider church family centred around the table of Christ.
When looking at the list of names of previous incumbents on the wall in St Michael’s, I am struck by two things. First is that I know myself to be standing on the shoulders of giants. Almost the first person to write to congratulate me when my appointment here was
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announced was Kenneth, with whom I had already worked in the Deanery and at the Cathedral, and for whom I have the utmost respect and admiration. I just wanted to mark here my gratitude for and acknowledgement of his ministry in this place, giving thanks for it, and as we look to build upon it.
Second, I know as you all do that the life of a parish and her churches is not located in the person of the vicar - sorry places they would be if that were the case! What this meeting, the PCC, and each act of worship and fellowship we share together shows me is that ministry here is a work of collaboration.
I am grateful for the openness you have shown to inviting me into the fullness of the life of this parish, and to note my thanks to everyone who has worked to further the ministry here during the interregnum and in the past year, but especially to the Wardens, Val and Mark, and Paul at St Mary’s, to Georgie and Danielle in the office, to all the members of our PCC and standing committees for their considerable gifts of time and talent, and to John and all the clergy who have given their time and skill to support our churches.
I would also like to say something about what I hope we might be reviewing next year at the APCM. We are going to begin the process of creating a new Mission Action Plan for the parish this year- starting with some time away as a church family in September, gathering our hopes for the future. We will discern together who our communities need us to be and who God is calling us to be in the next stage of our life. I ask your prayers now and in the months to come as we begin this task of discernment. Personally, I might say that I am hugely excited to start this process with you; I think we should be open to being surprised, hopeful, and to maybe even find that it will be fun.
That’s all I want to say for now. You will get lots more, I fear, from the pulpit in the months to come… But, as I said at the beginning, I want to reiterate that it is a privilege to serve as your vicar. Please pray for me, as I do for you.
**14. Matters arising from minutes of 22nd May 2022 or discussion of matters of general parochial interest**
No matters arising.
## **15. Date of Next Meeting**
Next APCM Sunday 19[st] May 2024
_nem con_
## **16. Grace Meeting closed.**
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## Accounts for the Ecclesiastical Parish of St Michael, St Albans
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|||||||||
|---|---|---|---|---|---|---|---|
|**Treasurer’s Review for theperiod**||||||||
|**From **|Period start date|||**To**|Period end date|||
||1st|January|2023||31st|December|2023|
I present the accounts for the year ended 31[st] December 2023 of St Michael’s Church with St Mary’s, Childwick Green for consideration and reception by the APCM, having been approved by the PCC on 1[st] May 2024. The accounts have been inspected by Brendan Chambers and his report is annexed to these accounts. The PCC express their grateful thanks to him for this undertaking.
These accounts have been prepared under the Charities Commission Statement of Recommended Practice (SORP) 2005 for Accrual Accounts using the format of the Charity Accounting Templates and accompanying notes.
## **Review of Financial position at year end**
As we recover from the pandemic we moved into an Interregnum with its associated period of change and challenges during which we were fortunate to maintain a vital level of donations and Gift Aid of £117k (2021 £128k). Our income further benefitted from a most generous legacy of £86k (2021 £5k). Overall expenditure increased £31k as we continued to maintain our buildings whilst energy bills across our buildings increased this year to £15k as opposed to £7k in 2021.
## **General (operating) Fund - Unrestricted**
The General Fund showed a deficit of £17k (2021 £5k) despite the legacy attributed to this fund of £31k off set by the deficit on the unrestricted St Mary’s fund £(17k) now assigned to the General Fund as underwritten by St Michael’s PCC. Interregnum costs for the period May – Dec were £5k.
## **Designated Funds - Unrestricted**
These funds showed an overall contribution of £20k (2021 £8k) due to the increase in Rent and Letting income of £23k as we return our lettings towards capacity levels. We continued to maintain our properties in good letting order with a new car park at St Marys and upgraded lighting in the Memorial Hall.
## **Designated Funds - Restricted**
The Restricted Funds benefitted from a most generous legacy to our new Health and Safety Fund of £55k.
## **Reserves Policy**
The long-term investments in Note 6 comprise of 4 separate investments in investment income and property units. These investments are stated in the Balance Sheet (Note 17) with combined market values as at 31[st] December 2023 of £366,586 (2022 £343,665). As the pandemic ended investments started to recover with an increase in valuations during the year of £22,921 (2022 £(43,091) reduction) resulting in a cumulative unrealised revaluation reserve over original cost at the year-end of £197,951 (2022 £175,030).
Nigel Voyce ACMA (Retired)
PCC Treasurer
17
CHARITY COMMISSION
FOR ENGLAND AND WALES
St
Independent examiner's report on the
accounts
Section A
Indep9ndent Examiner'g Rèport
Report to *he trustees
St Michael's Parochial Church Council
On accounts foi the yèar
ended
3151 Oecember 2023
Charity no
{if any)
1132915
Set out on pages
1-18
I report to the trustees on my examination of the accounts of the above
charity Ilhe Trusf) for Ihe year ended 31" December 2023.
Responsibilities and
basis of report
As the charity's trustees, you are responsible for the preparation of the
accounts in accordance with the requirements of the Charities Act 2011
(he Acf).
I report in respect of my examination of the Trust's accounts carried out
under section 145 of the 2011 Act and in carrying out my examination, I
have followed all the applicable Directions given by the Charity Commission
under section 14515)Ib) of the Act.
Independent IThe charity's gross income exceeded £250,000 and l am qualified to
examinerfs statemont undertake the examination by being a qualified member of the Institute of
Financial Accountants
I have completed my ex8minatior¢. I confimi that no material matters have
come lo my attention in connection wjth the which gives me cause to believe
that in, any material respect-.
the accounting records were not kept in accordance wrth section 130
of the Charities Act., or
the accounts did not accord with the accounting records,. or
the accounts did not comply with the applicable requirements
concerning the form and content of accounts set out in the Charities
{Accounls and Reports) Regulations 2008 other than any requirement
that the accounts give a llrue and fair, view which is not a matter
Gonsidered as part of an independent examination.
I have no concems and have come across no other matters in connection
with the examination to which attention should be drawn in this reFX)rt in
order to enable a proper understanding of Ihe accounts to be reached.
Please delete the words in the brackets rfthey do not apply.
Signed:
Date-
51202
Name-.
BRENDAN CHAMBERS F.F.A.
Relevant professional
qualifi¢ation{s) or body
(If any):
F.F.A.
IER
Oct 2018
18
Address:
4 HOLLYBUSH AVENUE, ST ALBANS
HERTFORDSHIRE. AL2 3AD.
Section B
Disclosure
Only complele if the examiner needs lo highlighl Fllalerial matters of concern
(see CC32, Independent examination of charty accounts.. directions and
guidance for examiners).
Give here brief details of
any item$ that the
exarniner wishes to
disclose.
IER
Oct 2018
19
|**St Michael's Parochial Church Council**|**St Michael's Parochial Church Council**|**St Michael's Parochial Church Council**|Charity No
(ifany)|1132915||
|---|---|---|---|---|---|
|Annualaccountsfor the period||||||
|Period start date|01/01/2023|**To**|Period end
date|31/12/2023||
## **Section A Statement of financial activities**
|**Recommended categories by**
**activity**
Guidance Notes
**Incoming resources (Note 3)**
**Income and endowments from:**
Donations and legacies
S01
Charitable activities
S02
Other trading activities
S03
Investments
S04
Separate material item of income
S05
Other
S06
S07
**Resources expended (Note 6)**
**Expenditure on:**
Raising funds
S08
Charitable activities
S09
Separate material item of expense
S10
Other
S11
S12
S13
Net gains/(losses) on investments
S14
S15
**Extraordinary items**
S16
S17
S18
Other gains/(losses)
S19
S20
**_Reconciliation of funds:_**
S21
S22
**_Total_**
**_Net movement in funds_**
Total funds brought forward
**_Total funds carried forward_**
**_Total_**
**Net income/(expenditure) before investment**
**gains/(losses)**
**Net income/(expenditure)**
**Transfers between funds**
**Other recognised** **gains/(losses):**
Gains and losses on revaluation of fixed assets for the charity’s own use|**Unrestricted**
**funds**
**Restricted**
**income**
**funds**
**Endowment**
**funds**
**Total funds**
**Prior year**
**funds**
**£**
**£**
**£**
**£**
**£**
F01
F02
F03
F04
F05|**Unrestricted**
**funds**
**Restricted**
**income**
**funds**
**Endowment**
**funds**
**Total funds**
**Prior year**
**funds**
**£**
**£**
**£**
**£**
**£**
F01
F02
F03
F04
F05|**Unrestricted**
**funds**
**Restricted**
**income**
**funds**
**Endowment**
**funds**
**Total funds**
**Prior year**
**funds**
**£**
**£**
**£**
**£**
**£**
F01
F02
F03
F04
F05|**Unrestricted**
**funds**
**Restricted**
**income**
**funds**
**Endowment**
**funds**
**Total funds**
**Prior year**
**funds**
**£**
**£**
**£**
**£**
**£**
F01
F02
F03
F04
F05|**Unrestricted**
**funds**
**Restricted**
**income**
**funds**
**Endowment**
**funds**
**Total funds**
**Prior year**
**funds**
**£**
**£**
**£**
**£**
**£**
F01
F02
F03
F04
F05|
|---|---|---|---|---|---|
||137,185|4,055|-|141,240|210,236|
||4,995|-|-|4,995|5,469|
||16,438|2,433|-|18,871|9,926|
||111,179|-||111,179|101,028|
||-|-|-|-|-|
||-|-|-|-|-|
||269,797|6,488|-|276,285|326,659|
|||||||
||125,588|-|-|125,588|138,977|
||143,612|-|-|143,612|130,040|
||-|-|-|-|-|
||-|-|-|-|-|
||269,200|-|-|269,200|269,017|
|||||||
||597|6,488|-|7,085|57,642|
||-|-|-|-|-|
||597|6,488|-|7,085|57,642|
||-|-|-|-|-|
||-|-|-|-|-|
|||||||
||-|-|-|-|-|
||-|-|-|-|-|
||597|6,488|-|7,085|57,642|
|||||||
||353,164|55,233|-|408,397|350,755|
||353,761|61,721|-|415,482
408,397||
20
Section B
Balance sheet
Unrestrictod incomo Endowmont Total this
funds
year
Totsl last
Fixed assets
Intanglble assets
Tangible assets
Heritage assets
Investments
F01
F02
F03
F04
FOS
{Note 15)
(Note 14)
(Noto 16}
(Note 17)
Total fixed assets
366.586
366.
366,586
343,665
343,
Current asset8
stocks
(Note 18)
Debtor5
(Note 19)
Invostments
(Not• 17.4)
Cash at bank and in hand {Noto 24
Total eurnnt assats B10
599
599
3,865
599
2,673
3,865
45.
241,435
244,707
1.721
Creditor8: amounts falllng due wlthin
one y•ar
{Noto 20)
3.529
3,529
4,945
Net curnt aSSet{lIabl1ftI•5j 812
239,762
Total assets less curnt Ilabllllles 813
583,427
Credltor8: afflounts falling due after
one year
(Nots 20)
Provisions for liabllltle8
B16
rotal net assets or IlablliUes
Funds of the Charity
Endowment funds (Not• 27)
R•strlcted Income funds (Notg 2n
Unrostricted funds
Revaluation reservo
816
551,712
61.721
613.433
583,427
817
B18
61,721
61,721
353,761
197,951
13,
55,233
353,164
175,030
583,427
819
353.761
197,951
.712
Total funds B21
Signed by one or two trustees betta ofam
the tntstees
Dale of
approval
ddlmml
Signalwe
Prinl Name
Reverend Jonathan Lloyd
WKar
I/FIIg
N¢gel VOY ACMAlrefd)
PCC Treasurer
21
CC17a (Excel)
oiiosr2024
## **Section C Notes to the accounts**
## **Note 1 Basis of preparation**
_**This section should be completed by all charities** ._
## **1.1 Basis of accounting**
These accounts have been prepared under the historical cost convention with items recognised at cost or transaction value unless otherwise stated in the relevant note(s) to these accounts.
The accounts have been prepared in accordance with:
the Statement of Recommended Practice: Accounting and Reporting by Charities • and with* preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) issued on 16 July 2014 • and with* the Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland (FRS 102)
- and with the Charities Act 2011.
The charity constitutes a public benefit entity as defined by FRS 102.*
- -Tick as appropriate
## **1.2 Going concern**
_**If there are material uncertainties related to events or conditions that cast significant doubt on the charity's ability to continue as a going concern, please provide the following details or state "Not applicable", if appropriate:**_
An explanation as to those factors that support _**Not Applicable**_ the conclusion that the charity is a going concern; Disclosure of any uncertainties that make the _**Not Applicable**_ going concern assumption doubtful; Where accounts are not prepared on a going _**Not Applicable**_ concern basis, please disclose this fact together with the basis on which the trustees prepared the accounts and the reason why the charity is not regarded as a going concern.
## **1.3 Change of accounting policy**
The accounts present a true and fair view and the accounting policies adopted are those outlined in note { }.
|Yes*
No*||* -Tick as appropriate|* -Tick as appropriate|
|---|---|---|---|
|||||
|**_Please disclose_**|**_:_**|||
|**_(i) the nature of_**|**_the chan_**|**_ge in accounting policy;_**|**_Not Applicable_**|
|**_(ii) the reasons_**
**_provides more r_**
**_and_**|**_why appl_**
**_eliable an_**|**_ying the new accounting policy_**
**_d more relevant information;_**|**_Not Applicable_**|
|**_(iii) the amount_**
**_in the current p_**
**_the aggregate a_**
**_periods before t_**|**_of the adj_**
**_eriod, eac_**
**_mount of_**
**_hose pre_**|**_ustment for each line affected_**
**_h prior period presented and_**
**_the adjustment relating to_**
**_sented, 3.44 FRS 102 SORP._**|**_Not Applicable_**|
## **1.4 Changes to accounting estimates**
No changes to accounting estimates have occurred in the reporting period (3.46 FRS 102 SORP). Yes* * -Tick as appropriate No*
## _**Please disclose:**_
|**_Please disclose:_**||
|---|---|
|**_(i) the nature of any changes;_**|**_Not Applicable_**|
|**_(ii) the effect of the change on income and expense or_**
**_assets and liabilities for the current period; and_**|**_Not Applicable_**|
|**_(iii) where practicable, the effect of the change in one or_**
**_more future periods._**|**_Not Applicable_**|
## **1.5 Material prior year errors**
No material prior year error have been identified in the reporting period (3.47 FRS 102 SORP).
Yes* * -Tick as appropriate No*
## _**Please disclose:**_
|**_Please disclose:_**||
|---|---|
|**_(i) the nature of the prior period error;_**|**_Not Applicable_**|
|**_(ii) for each prior period presented in the accounts, the_**
**_amount of the correction for each account line item_**
**_affected; and_**|**_Not Applicable_**|
|**_(iii) the amount of the correction at the beginning of the_**
**_earliest prior period presented in the accounts._**|**_Not Applicable_**|
22
CC17a (Excel)
02/05/2024
3
## **Section C Notes to the accounts (cont)**
## **Note 2 Accounting policies 2.2 INCOME**
_This standard list of accounting policies has been applied by the charity except for those ticked "No" or "N/a". Where a different or additional policy has been adopted then this is detailed in the box below._
|**Recognition of income**
Donated services and facilities that are consumed immediately are recognised as income
with an equivalent amount recognised as an expense under the appropriate heading in
the SOFA.
The cost of any stock of goods donated for distribution to beneficiaries is deemed to be
the fair value of those gifts at the time of their receipt and they are recognised on receipt.
In the reporting period in which the stocks are distributed, they are recognised as an
expense at the carrying amount of the stocks at distribution.
**Donated services and**
**facilities**
Donated services and facilities are included in the SOFA when received at the value of
the gift to the charity provided the value of the gift can be measured reliably.
**Income from interest,**
**royalties and dividends**
This is included in the accounts when receipt is probable and the amount receivable can
be measured reliably.
**Income from membership**
**subscriptions**
Membership subscriptions received in the nature of a gift are recognised in Donations
and Legacies.
Membership subscriptions which gives a member the right to buy services or other
benefits are recognised as income earned from the provision of goods and services as
income from charitable activities.
These are included in the Statement of Financial Activities (SoFA) when:
the charity becomes entitled to the resources;
· it is more likely than not that the trustees will receive the resources; and
the monetary value can be measured with sufficient reliability.
**Donated goods**
**Contractual income and**
**performance related**
**grants**
**Offsetting**
There has been no offsetting of assets and liabilities, or income and expenses, unless required or
permitted by the FRS 102 SORP or FRS 102.
**Grants and donations**
Grants and donations are only included in the SoFA when the general income recognition
criteria are met (5.10 to 5.12 FRS102 SORP).
This is only included in the SoFA once the charity has provided the related goods or
services or met the performance related conditions.
Donated goods are measured at fair value (the amount for which the asset could be
exchanged) unless impractical to do so.
In the case of performance related grants, income must only be recognised to the extent
that the charity has provided the specified goods or services as entitlement to the grant
only occurs when the performance related conditions are met (5.16 FRS 102 SORP).
**Legacies**
Legacies are included in the SOFA when receipt is probable, that is, when there has
been grant of probate, the executors have established that there are sufficient assets in
the estate and any conditions attached to the legacy are either within the control of the
charity or have been met.
**Government grants**
The charity has received government grants in the reporting period
**Tax reclaims on**
**donations and gifts**
Gift Aid receivable is included in income when there is a valid declaration from the donor.
Any Gift Aid amount recovered on a donation is considered to be part of that gift and is
treated as an addition to the same fund as the initial donation unless the donor or the
terms of the appeal have specified otherwise.
Gifts in kind for use by the charity are included in the SoFA as income from donations
when receivable.
**Support costs**
The charity has incurred expenditure on support costs.
**Volunteer help**
Donated goods for resale are measured at fair value on initial recognition, which is the
expected proceeds from sale less the expected costs of sale, and recognised in 'Income
from other trading activities' with the corresponding stock recognised in the balance
sheet. On its sale the value of stock is charged against 'Income from other trading
activities' and the proceeds from sale are also recognised as 'Income from other trading
activities'.
Goods donated for on-going use by the charity are recognised as tangible fixed assets
and included in the SoFA as incoming resources when receivable.
The value of any voluntary help received is not included in the accounts but is described
in the trustees’ annual report.|Yes
No
N/a|Yes
No
N/a|Yes
No
N/a|
|---|---|---|---|
|||||
||Yes
No
N/a|||
|||||
||Yes
No
N/a|||
|||||
||Yes
No
N/a|||
|||||
||Yes
No
N/a|||
|||||
||Yes
No
N/a|||
|||||
||Yes
No
N/a|||
|||||
||Yes
No
N/a|||
|||||
||Yes
No
N/a|||
|||||
||Yes
No
N/a|||
|||||
||Yes
No
N/a|||
|||||
||Yes
No
N/a|||
|||||
||Yes
No
N/a|||
|||||
||Yes
No
N/a|||
|||||
||Yes
No
N/a|||
|||||
||Yes
No
N/a|||
|||||
||Yes
No
N/a|||
|||||
||Yes
No
N/a|||
|||||
||Yes
No
N/a|||
|||||
||Yes
No
N/a|||
|||||
23
|**2.4 ASSETS**
**Intangible fixed assets**
**Heritage assets**
**Debtors**
Debtors (including trade debtors and loans receivable) are measured on initial recognition at
settlement amount after any trade discounts or amount advanced by the charity. Subsequently,
they are measured at the cash or other consideration expected to be received.
**Stocks and work in**
**progress**
Stocks held for sale as part of non-charitable trade are measured at the lower or cost or net
realisable value.
Goods or services provided as part of a charitable activity are measured at net realisable value
based on the service potential provided by items of stock.
Work in progress is valued at cost less any foreseeable loss that is likely to occur on the contract.
Support costs include central functions and have been allocated to activity cost
categories on a basis consistent with the use of resources, eg allocating property costs
by floor areas, or per capita, staff costs by the time spent and other costs by their usage.
They are valued at cost.
**Investments**
Fixed asset investments in quoted shares, traded bonds and similar investments are
valued at initially at cost and subsequently at fair value (their market value) at the year
end. The same treatment is applied to unlisted investments unless fair value cannot be
measured reliably in which case it is measured at cost less impairment.
Investments held for resale or pending their sale and cash and cash equivalents with a
maturity date of less than 1 year are treated as current asset investments
**Grants with performance**
**conditions**
Where the charity gives a grant with conditions for its payment being a specific level of
service or output to be provided, such grants are only recognised in the SoFA once the
recipient of the grant has provided the specified service or output.
**Grants payable without**
**performance conditions**
Where there are no conditions attaching to the grant that enables the donor charity to
realistically avoid the commitment, a liability for the full funding obligation must be
recognised.
The charity has intangible fixed assets, that is, non-monetary assets that do not have
physical substance but are identifiable and are controlled by the charity through custody
or legal rights. The amortisation rates and methods used are disclosed in note 9.5
They are valued at cost.
The charity has heritage assets, that is, non-monetary assets with historic, artistic,
scientific, technological, geophysical or environmental qualities that are held and
maintained principally for their contribution to knowledge and culture. The depreciation
rates and methods used as disclosed in note 9.6.1.4.
This includes any realised or unrealised gains or losses on the sale of investments and
any gain or loss resulting from revaluing investments to market value at the end of the
year.
**2.3 EXPENDITURE AND LIABILITIES**
**Liability recognition**
Liabilities are recognised where it is more likely than not that there is a legal or
constructive obligation committing the charity to pay out resources and the amount of the
obligation can be measured with reasonable certainty.
**Investment gains and**
**losses**
The charity accounts for basic financial instruments on initial recognition as per
paragraph 10.7 FRS102 SORP. Subsequent measurement is as per paragraphs 11.17
to 11.19, FRS102 SORP.
**Tangible fixed assets for**
**use by charity**
The depreciation rates and methods used are disclosed in note 9.2.
**Governance and support**
**costs**
Support costs have been allocated between governance costs and other support.
Governance costs comprise all costs involving public accountability of the charity and its
compliance with regulation and good practice.
**Settlement of insurance**
**claims**
Insurance claims are only included in the SoFA when the general income recognition
criteria are met (5.10 to 5.12 FRS102 SORP) and are included as an item of other
income in the SoFA.
They are valued at cost.
These are capitalised if they can be used for more than one year, and cost at least
**Redundancy cost**
The charity made no redundancy payments during the reporting period.
**Deferred income**
No material item of deferred income has been included in the accounts.
**Creditors**
The charity has creditors which are measured at settlement amounts less any trade
discounts
**Provisions for liabilities**
A liability is measured on recognition at its historical cost and then subsequently
measured at the best estimate of the amount required to settle the obligation at the
reporting date
**Basic financial**
**instruments**||Yes
No
N/a|Yes
No
N/a|Yes
No
N/a|
|---|---|---|---|---|
||||||
|||Yes
No
N/a|||
||||||
|||Yes
No
N/a|||
||||||
|||Yes
No
N/a|||
||||||
|||Yes
No
N/a|||
||||||
|||Yes
No
N/a|||
||||||
|||Yes
No
N/a|||
||||||
|||Yes
No
N/a|||
||||||
|||Yes
No
N/a|||
||||||
|||Yes
No
N/a|||
||||||
|||Yes
No
N/a|||
||||||
|||Yes
No
N/a|||
||||||
|||Yes
No
N/a|||
||||||
||||||
|||Yes
No
N/a|||
||||||
|||Yes
No
N/a|||
||||||
|||Yes
No
N/a|||
||||||
|||Yes
No
N/a|||
||||||
|||Yes
No
N/a|||
||||||
|||Yes
No
N/a|||
||||||
|||Yes
No
N/a|||
||||||
|||Yes
No
N/a|||
||||||
|||Yes
No
N/a|||
||||||
|||Yes
No
N/a|||
||||||
24
|**POLICIES ADOPTED**
**ADDITIONAL TO OR**
**DIFFERENT FROM**
**THOSE ABOVE**
**Current asset investments**|The charity has has investments which it holds for resale or pending their sale and cash and cash
equivalents with a maturity date less than one year. These include cash on deposit and cash
equivalents with a maturity date of less than one year held for investment purposes rather than to
meet short term cash commitments as they fall due.
They are valued at fair value except where they qualify as basic financial instruments.|Yes
No
N/a
|Yes
No
N/a
|Yes
No
N/a
|
|---|---|---|---|---|
||||||
|||Yes
No
N/a|||
||||||
||||||
||||||
25
**Section C Notes to the accounts (cont)**
## **Note 3 Analysis of income**
|**Note 3 Analysis of income**|**Analysis of income**|**Analysis of income**|**Analysis of income**|**Analysis of income**|**Analysis of income**|**Analysis of income**|
|---|---|---|---|---|---|---|
|**Unrestricted**
**funds**
**Restricted**
**income**
**funds**
**Endowment**
**funds**
**Total funds**
**Prior year**
**£**
**£**
Donations and gifts
87,999- -87,999 97,259
Gift Aid
16,492- -16,492 20,140
Legacies
7,434 4,055-11,489 86,100
General grants provided by government/other
charities
25,260- -25,260 6,737
Membership subscriptions and sponsorships
which are in substance donations
- - - - -
Donatedgoods,facilities and services
- - - - -
Other
- - - -
**Total** 137,185 4,055 - 141,240 210,236
- - - - -
- - - - -
Activities for generating/raising funds
4,995- -4,995 5,469
Other
- - - - -
**Total** 4,995 - -4,995 5,469
- - - - -
Traidcraft
-2,433-2,433-
PCC Fees
16,438- -16,438 9,926
Other
- - - - -
**Total** 16,438 2,433 -18,871 9,926
Interest income
- - - - -
Dividend income
18,256- -18,256 14,549
Rental and letting income
92,923- -92,923 86,479
Other
- - - - -
**Total** 111,179 - -111,179 101,028
- - - - -
- - - - -
- - - - -
- - - - -
**Total**
- - - - -
Conversion of endowment funds into income
- - - - -
Gain on disposal of a tangible fixed asset held
forcharity's ownuse
- - - - -
Gain on disposal of a programme related
investment
- - - - -
Royalties from the exploitation of intellectual
propertyrights
- - - - -
Other
- - - - -
**Total**
- - - - -
269,797 6,488-276,285 326,659
**Other information:**
**TOTAL INCOME**
**Other:**
**Charitable**
**activities:**
**Other trading**
**activities:**
**Income from**
**investments:**
**Separate**
**material item**
**of income:**
**Analysis**
**Donations**
**and legacies:**|**Unrestricted**
**funds**
**Restricted**
**income**
**funds**
**Endowment**
**funds**
**Total funds**
**Prior year**
**£**
**£**
**Analysis**||||||
||Donations and gifts|87,999|-|-|87,999|97,259|
||Gift Aid|16,492|-|-|16,492|20,140|
||Legacies|7,434|4,055|-|11,489|86,100|
||General grants provided by government/other
charities|25,260|-|-|25,260|6,737|
||Membership subscriptions and sponsorships
which are in substance donations|-|-|-|-|-|
||Donatedgoods,facilities and services|-|-|-|-|-|
||Other|-|-|-|-||
||**Total**|137,185|4,055|-|141,240|210,236|
||||||||
|||-|-|-|-|-|
|||-|-|-|-|-|
||Activities for generating/raising funds|4,995|-|-|4,995|5,469|
||Other|-|-|-|-|-|
||**Total**|4,995|-|-|4,995|5,469|
||||||||
|||-|-|-|-|-|
||Traidcraft|-|2,433|-|2,433|-|
||PCC Fees|16,438|-|-|16,438|9,926|
||Other|-|-|-|-|-|
||**Total**|16,438|2,433|-|18,871|9,926|
||||||||
||Interest income|-|-|-|-|-|
||Dividend income|18,256|-|-|18,256|14,549|
||Rental and letting income|92,923|-|-|92,923|86,479|
||Other|-|-|-|-|-|
||**Total**|111,179|-|-|111,179|101,028|
||||||||
|||-|-|-|-|-|
|||-|-|-|-|-|
|||-|-|-|-|-|
|||-|-|-|-|-|
||**Total**|-|-|-|-|-|
||||||||
||Conversion of endowment funds into income|-|-|-|-|-|
||Gain on disposal of a tangible fixed asset held
forcharity's ownuse|
-|-|-|-|-|
||Gain on disposal of a programme related
investment|-|-|-|-|-|
||Royalties from the exploitation of intellectual
propertyrights|-|-|-|-|-|
||Other|-|-|-|-|-|
||**Total**|-|-|-|-|-|
||||||||
|||269,797|6,488|-|276,285|326,659|
||||||||
|**All income in the prior year was unrestricted except for:**
**(please provide description and amounts)**||Not Applicable|||||
|**Where any endowment fund is converted into income in the**
**reporting period, please give the reason for the conversion.**|||||||
|||Not Applicable|||||
||||||||
|**Within the income items above the following items are**
**material: (please disclose the nature, amount and any prior**
**year amounts)**||Single legacyof £86,100 of which £54,600 is Restricted|||||
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|**Section C**|**Notes to the ac**|**counts (cont)**|**counts (cont)**|**counts (cont)**|**counts (cont)**|**counts (cont)**|
|---|---|---|---|---|---|---|
|**Other**
**Separate material**
**item of expense**
**TOTAL EXPENDIT**
**Expenditure on**
**charitable**
**activities**
**Note 6**
**Expenditure on**
**raising funds:**|**Analysis of expenditure**||||||
||**Analysis**|**Unrestricted**
**funds**
**Restricted**
**income**
**funds**
**Endowment**
**funds**
**Total funds**
**Prior year**
**£**
**£**|||||
||Incurred seeking donations|-|-|-|-|-|
||Incurred seeking legacies|-|-|-|-|-|
||Incurred seeking grants|-|-|-|-|-|
||Operating membership schemes and
social lotteries|-|-|-|-|-|
||Staging fundraising events|7,593|-|-|7,593|9,043|
||Fudraising agents|-|-|-|-|-|
||Operating charity shops|-|-|-|-|-|
||Operating a trading company
undertaking non-charitable trading
activity|-|-|-|-|-|
||Advertising, marketing, direct mail and
publicity|91|-|-|91|91|
||Start up costs incurred in generating
new source of future income|-|-|-|-|-|
||Database development costs|-|-|-|-|-|
||Other trading activities|63,833|||63,833|71,649|
||Investment management costs:|-|-|-|-|-|
||Portfolio management costs|-|-|-|-|-|
||Cost of obtaining investment advice|-|-|-|-|-|
||Investment administration costs|-|-|-|-|-|
||Intellectual property licencing costs|-|-|-|-|-|
||Rent collection, property repairs and
maintenance charges|54,071|-|-|54,071|58,194|
|||-|-|-|-|-|
||**Total expenditure on raising funds**|125,588|
-|-|125,588|138,977|
||||||||
||Missionary and Charitable Giving|2,300|-|-|2,300|1,132|
||Parish Share|91,071|-|-|91,071|86,742|
||Ministry|5,655|-|-|5,655|8,643|
||Worship/Choir/Organ|25,363|-|-|25,363|17,320|
||Administration|19,223|-|-|19,223|16,203|
||**Total expenditure on charitable**
**activities**|143,612|-|-|143,612|130,040|
||||||||
|||-|-|-|-|-|
|||-|-|-|-|-|
|||-|-|-|-|-|
|||-|-|-|-|-|
||**Total**|-|-|-|-|-|
||||||||
|||-|-|-|-|-|
|||-|-|-|-|-|
|||-|-|-|-|-|
|||-|-|-|-|-|
|||-|-|-|-|-|
||**Total other expenditure**|-|-|-|-|-|
||**URE**||||||
|||269,200|-|-|269,200|269,017|
## **Other information:**
## **Analysis of expenditure on charitable activities**
|**Activity or**
**programme**|**Activities undertaken directly**|**Activities undertaken directly**|**Grant**
**funding**
**of**
**activities**|**Support**
**Costs**|**Total this**
**year**|**_Total_**
**_prior year_**|
|---|---|---|---|---|---|---|
||**£**||**£**|**£**|**£**|**£**|
|Activity 1
Activity2|Missionary and Charitable Giving-UK|||0|2,300|1,132|
||Missionary and Charitable Giving-Overseas|||0|0|0|
|Other|Parish,Ministry,Worshipa|nd Administration||0|141,312|128,908|
|**Total**||||0|143,612|130,040|
||||||||
|**Prior year expenditure on charitable activities**
**can be analysed as follows:**||
GivingtorecognisedRegistered Charities|||||
||||||||
|**Within the expenditure items above the**
**following items are material: (please disclose**
**the nature, amount and any prior year**
**amounts)**|||||||
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## **Section C Notes to the accounts**
## **Note 10 Details of certain items of expenditure**
## **10.1 Fees for examination of the accounts**
_**Please provide details of the amount paid for any statutory external scrutiny of accounts and other services provided by your independent examiner. If nothing was paid please enter '0' in the appropriate box(es).**_
**Independent examiner’s fees Assurance services other than audit or independent examination Tax advisory fees Other fees (for example: financial advice, consultancy, accountancy services) paid to the independent examiner**
|**This year**
**£**|**Last year**
**£**|
|---|---|
|200|200|
|||
|||
|||
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**Section C Notes to the accounts (cont)**
## **Note 11 Paid employees**
_**Please complete this note if the charity has any employees.**_
## **11.1 Staff Costs**
|**Salaries and wages**
**Social security costs**
**Other employee benefits**
**Total staff costs**
**Pension costs (defined contribution scheme)**
**Please provide details of expenditure on staff working for the**
**charity whose contracts are with and are paid by a related party**|**This year**
**£**|**Last year**
**£**|
|---|---|---|
||33,868|32,929|
||-|-|
||-|-|
||-|-|
||33,868|32,929|
||||
||Not Applicable||
_**Please give details of the number of employees whose total employee benefits (excluding employer pension costs) fell within each band of £10,000 from £60,000 upwards. If there are no such transactions, please enter 'true' in the box provided.**_
**No employees received employee benefits (excluding employer TRUE pension costs) for the reporting period of more than £60,000**
|**Band**|**Number of employees**|**Number of employees**|**Number of employees**|
|---|---|---|---|
|**£60,000 to £69,999**||||
|**£70,000 to £79,999**||||
|**£80,000 to £89,999**||||
|**£90,000 to £99,999**||||
|**£100,000 to £109,999**||||
|||||
|||||
|||||
|**The parts of the charity in which the**
**employees work**
**11.2 Average head count in the year**
**Please provide the total amount paid to**
**key management personnel (includes**
**trustees and senior management) for**
**their services to the charity**||||
|||||
|||||
|||**This year**
**Number**|**Last year**
**Number**|
||**Fundraising**|-|-|
||**Charitable Activities**|-|-|
||**Governance**|-|-|
||**Other**|4|4|
||**Total**|4|4|
**11.3 Ex-gratia payments to employees and others (excluding trustees)** _**Please complete if an ex-gratia payment is made.**_
**Please explain the nature of the payment Please state the legal authority or reason for making the payment Please state the amount of the payment (or value of any waiver of a right to an asset)**
**11.4 Redundancy payments** _**Please complete if any redundancy or termination payment is made in the period.**_
## **Total amount of payment**
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**The nature of the payment (cash, asset etc.) The extent of redundancy funding at the balance sheet date Please state the accounting policy for any redundancy or termination payments**
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## **Section C Notes to the accounts (cont)**
## **Note 17 Investment assets**
_**Please complete this note if the charity has any investment assets.**_
## **17.1 Fixed assets investments (please provide for each class of investment)**
|Carrying (fair) value at beginning of
period
**Add:**additions to investments during
period*
**Less:**disposals at carrying value
**Less: impairments**
**Add: Reversal of impairments**
**Add/(deduct):**transfer in/(out) in the
period
**Add/(deduct):**net gain/(loss) on
revaluation
Carrying (fair) value at end of year|**Cash &**
**cash**
**equivalents**|**Listed**
**investments**|**Investment**
**properties**|**Social**
**investments**|**Other**|**Total**|
|---|---|---|---|---|---|---|
||-|343,665|-|-|-|343,665|
||-|-|-|-|-|-|
||-|-|-|-|-|-|
||-|-|-|-|-|-|
||-|-|-|-|-|-|
||-|-|-|-|-|-|
||-|22,921|-|-|-|22,921|
||-|366,586|-|-|-|366,586|
***Please specify additions resulting from acquisitions through business combinations, if any.**
_**Please note that Fair Value in this context is the amount for which an asset could be exchanged between knowlegable and willing parties in an arm's length transaction. For traded securities, the fair value is the value of the security quoted on the London Stock Exchange Daily Official List or equivalent. For other assets where there is no market price on a traded market, it is the trustees' or valuers' best estimate of fair value.**_
## **17.2 Please provide a breakdown of investments shown above agreeing with the balance sheet row B04 differentiating between those held at fair value and those held at cost less impairment.**
|**Analysis of investments**
**Cash or cash equivalents**
**Investment properties**
**Listed investments**
**Social investments**
**Grand total (Fair value at year end+Cost less impairment)**
**Other investments**
**Total**|||
|---|---|---|
||**Fair value at year end**|**Cost less impairment**|
||**£**|**£**|
||-|-|
||366,586|-|
||-|-|
||-|-|
||-|-|
||366,586|-|
||||
## **17.3 If your charity holds investment properties, please complete the following note:**
|**(ii) Name or independent valuer, if applicable,**
**and relevant qualifications**
**(iii) Provide details of any restrictions on the**
**ability to realise investment property or on the**
**remittance of income or disposal proceeds**
**(iv) Explain any contractual obligations for the**
**purchase, construction or development of**
**investment property or for repairs, maintenance**
**or enhancements**
**(i) Explain the methods and significant**
**assumptions in determining the fair value of**
**investment property held by the charity**|Not
Applicable|
|---|---|
||Not
Applicable|
||Not
Applicable|
||Not
Applicable|
**17.4 Please provide a breakdown of current asset investments, if applicable, agreeing with the balance sheet.**
|**Analysis of current asset**
**investments**
**Cash or cash equivalents**
**Investment properties**
**Social investments**
**Listed investments**
**Other investments**
**Total**|**This year**|**Last year**|
|---|---|---|
||**£**|**£**|
||-|-|
||-|-|
||366,586|343,665|
||-|-|
||-|-|
||-|-|
||366,586|343,665|
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**Section C Notes to the accounts (cont)**
## **Note 18 Stocks**
## _**Please complete this note if the charity holds any stock items**_
## **18.1 Please state the carrying amount of stock and work in progress analysed between activities.**
|**activities.**||||||
|---|---|---|---|---|---|
|**Charitable activities:**
**_Opening_**
**_Added in period_**
**_Expensed in period_**
**_Impaired_**
**_Closing_**
**Other trading activities:**
**_Opening_**
**_Added in period_**
**_Expensed in period_**
**_Impaired_**
**_Closing_**
**Other:**
**_Opening_**
**_Added in period_**
**_Expensed in period_**
**_Impaired_**
**_Closing_**
**Total this year**
**_Total previous year_**|**Stock**||**Donated goods**||**Work in**
**progress**|
||**For**
**distribution**|**For resale**|**For**
**distribution**|**For resale**||
||**£**|**£**|**£**|**£**|**£**|
|||||||
||-|-|-|-|-|
||-|-|-|-|-|
||-|-|-|-|-|
||-|-|-|-|-|
||**-**|**-**|**-**|**-**|**-**|
|||||||
|||||||
||-|599|-|-|-|
||-|-|-|-|-|
||-|-|-|-|-|
||-|-|-|-|-|
||**-**|**599**|**-**|**-**|**-**|
|||||||
|||||||
||-|-|-|-|-|
||-|-|-|-|-|
||-|-|-|-|-|
||-|-|-|-|-|
||**-**|**-**|**-**|**-**|**-**|
||-|599|-|-|-|
||-|599|-|-|-|
**18.2 Please specify the carrying amount of any stocks pledged as security for liabilities**
Not Applicable
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## **Section C Notes to the accounts (cont)**
## **Note 19 Debtors and prepayments**
## _**Please complete this note if the charity has any debtors or prepayments.**_
|**_Please complete this note if the charity has any_**
**_debtors or prepayments._**
**Note 19 Debtors and prepayments**|||
|---|---|---|
|**19.1 Analysis of debtors**
**Trade debtors**
**Prepayments and accrued income**
**Other debtors**|**This year**
**£**|**Last year**
**£**|
||||
||3,865|2,673|
||-|-|
||3,865|2,673|
**Total**
## _**Please complete 19.2 where a material debtor is recoverable more than a year after the reporting date.**_
## **19.2 Analysis of debtors recoverable in more than 1 year (included in debtors above)**
|**Prepayments and accrued income**
**Other debtors**
**Total**
**Trade debtors**|**This year**
**£**|**Last year**
**£**|
|---|---|---|
||-|-|
||-|-|
||-|-|
||-|-|
||-|-|
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## **Section C Notes to the accounts (cont)**
## **Note 20 Creditors and accruals**
## _**Please complete this note if the charity has any creditors or accruals.**_
## **20.1 Analysis of creditors**
|**Accruals for grants payable**
**Bank loans and overdrafts**
**Trade creditors**
**Payments received on account for contracts or**
**performance-related grants**
**Accruals and deferred income**
**Taxation and social security**
**Other creditors**
**Total**|**Amounts falling due**
**within oneyear**|**Amounts falling due**
**within oneyear**|**Amounts falling due after**
**more than oneyear**|**Amounts falling due after**
**more than oneyear**|
|---|---|---|---|---|
||**This year**
**£**|**Last year**
**£**|**This year**
**£**|**Last year**
**£**|
||-|-|-|-|
||-|-|-|-|
||-|-|-|-|
||-|-|-|-|
||-|-|-|-|
||-|-|-|-|
||3,529|4,945|-|-|
||3,529|4,945|-|-|
## **20.2 Deferred income**
## _**Please complete this note if the charity has deferred income.**_
## _**Please explain the reasons why income is deferred.**_
|**_Movement in deferred income account_**
**Balance at the start of the reporting period**
**Amounts added in current period**
**Amounts released to income from previous periods**
**Balance at the end of the reporting period**|**This year**
**£**|**Last year**
**£**|
|---|---|---|
||-|-|
||-|-|
||-|-|
||-|-|
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## **Section C Notes to the accounts (cont)**
## **Note 21 Provisions for liabilities and charges**
_**Please complete this note if you have included in charity expenditure any provisions. A provision is made when the charity has a liability of uncertain timing or amount.**_
**21.1 Please provide: - a brief description of any obligations on the balance sheet and the expected amount and timing of resulting payments; - an indication of the uncertainties about the amount or timing of those outflows; and - the amount of any expected reimbursement, stating the amount of any asset that has been recognised for that expected reimbursement.**
## **21.2 Movements in recognised provisions and funding commitment during the period**
|**Balance at the start of the reporting period**
**Amounts added in current period**
**Amounts charged against the provision in the current period**
**Unused amounts reversed during the period**
**Balance at the end of the reporting period**|**This year**
**£**|**Last year**
**£**|
|---|---|---|
||-|-|
||-|-|
||-|-|
||-|-|
||-|-|
**21.3 For any funding commitment that is not recognised as a liability or provision, provide details of commitment made, the time frame of that commitment, any performance-related conditions and details of how the commitment will be funded (with contracts for capital expenditure separately identified).**
**21.4 Where unrestricted funds have been designated to a fund commitment, please disclose the nature of any amounts designated and the likely timing of that expenditure.**
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## **Section C Notes to the accounts (cont)**
## **Note 24 Cash at bank and in hand**
|**Other Deposit Accounts**
**Cash at bank and on hand**
**Total**
**Short term cash investments (less than 3 months maturity date)**
**Short term deposits**|**This year**
**£**|**Last year**
**£**|
|---|---|---|
||-|-|
||107,254|107,254|
||134,632|130,766|
||4,026|3,415|
||245,912|241,435|
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|**Fund names**|**Type PE, EE**
**R or UR ***|**Purpose and Restrictions**|**Fund**
**balances**
**brought**
**forward**|**Income**|**Expenditure**|**Transfers**|**Gains and**
**losses**|**Fund**
**balances**
**carried**
**forward**|
|---|---|---|---|---|---|---|---|---|
||||**£**|**£**|**£**|**£**|**£**|**£**|
|General Fund|UR|GeneralOperatingFund|- 22,004|172,085|- 201,748|-|-|-51,667|
|ParishCentre|UR|Operation/Lettings|21,963|26,694|- 25,901|-|-|22,756|
|Organ Fund|UR|Organ Maintenance|11,251|3,383|-3,010|-|-|11,624|
|Tower West -Grimthorpe|UR|Tower Maintenance|- 2,533|511|-|-|-|- 2,022|
|Churchyard- Forrester|UR|ChurchyardMaintenance|11,259|2,929|- 147|-|-|14,041|
|ChangeRingers|UR|Society ofChangeRingers|3,479|821|-379|-|-|3,921|
|School HouseFlat|UR|Rentalandmaintenance of Flat|5,512|13,800|- 4,322|-|-|14,990|
|GoldhawkCapital Fund|UR|Specific Church Maintenance|306,933|-|-|-|-|306,933|
|Goldhawk Woodwork Fund|UR|Restorewoodwork inchurch|3,323|-|-|-|-|3,323|
|ChoralScholarship|UR|Encourage ChoralScholars|1,324|170|-990|-|-|504|
|ChoristersFund|UR|Choir|3,053|2,151|- 163|-|-|5,041|
|Memorial Hall|UR|Lettings|- 4,621|47,254|-32,541|-|-|10,092|
|Redecoration Fund|UR|Church Redecoration|14,225|-|-|-|-|14,225|
|Healthand Safety|R|H& S equipmentandmaintenance|54,600|4,055|-|-|-|58,655|
|Traidcraft|R|Trading of Eco Conscious goods|633|2,433|-|-|-|3,066|
|Total Funds|||408,397|276,286|- 269,201|-|-|415,482|
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## **Section C Notes to the accounts (cont)**
## **Note 27 Charity funds (cont)**
## **27.2 Details of material funds held and movements during the PREVIOUS reporting period**
_**Please give details of the movements of material individual funds in the reporting period together with a balancing figure for 'Other funds'. The 'Total funds' figure below should reconcile to 'Total funds' in the balance sheet.**_
_*** Key: PE - permanent endowment funds; EE - expendible endowment funds; R - restricted income funds, including special trusts, of the charity; and U - unrestricted funds**_
|**_funds_**|||||||||
|---|---|---|---|---|---|---|---|---|
|**Fund names**|**Type PE, EE**
**R or UR ***|
**Purpose and Restrictions**|**1/1/22 Fund**
**balances b/f**
**£**|**Income**
**£**|**Expenditure**
**£**|**Transfers**
**£**|**Gains and**
**losses**
**£**|**31/12/22**
**Fund**
**balances c/f**
**£**|
|General Fund|UR|GeneralOperatingFund|- 4,660|183,659|- 201,003|-|-|- 22,004|
|ParishCentre|UR|Lettings/Maintenance|11,927|34,339|- 24,303|-|-|21,963|
|Redecoration Fund|UR|Church Redecoration|18,626|-|4,401|-|-|23,027|
|Memorial Hall|UR|Lettings/Maintenance|- 7,966|34,069|-30,724|-|-|- 4,621|
|Tower WestGrimthorpeFund|UR|Major BuildProject|-3,041|508|-|-|-|- 2,533|
|GoldhawkCapital Fund|UR|Church Maintenance|306,933|-|-|-|-|306,933|
|Healthand Safety|R|H&S equipmentandmaintenance|-|54,600|-|-|-|54,600|
|**_Other funds_**|**UR/R**|**N/A**|28,936|19,484|- 17,388|-|-|31,032|
|**Total Funds**|||350,755|326,659|- 269,017|-|-|408,397|
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## **Section C Notes to the Accounts (cont)**
**Note 29 Additional Discosures**
**The following are significant matters which are not covered in other notes and need to be included to provide a proper understanding of the accounts.**
## **Endowment Fund Assets - Held in trust for the PCC by the Diocese**
These assets have been left to St Michael's PCC by our benefactors in trust for the invested income to be used for restricted purposes by the church.
The PCC can change the investment but is not authorised to spend the capital comprising those funds without Diocese authority
## **(i) Capital**
The market value of such Endowment funds at the balance sheet date was as follows:
|||CBF||CBF||CBF||CBF|
|---|---|---|---|---|---|---|---|---|
|||Investmnt||Investmnt||Deposit|2023|Deposit|
|||Fund (UK||Fund (UK|Total 2023|Accrued|Interest|Accrued|
|||equity||equity|Unrealised|Interest|rec'd and|Interest|
|||stocks|Withdrawn|stocks|Gain/(Loss)|31/12/22|withdrawn|31/12/23|
|||Value at||Value at|||||
|||31/12/23||31/12/22|||||
|**St Michael's**||£||£|£|£|£|£|
|(1)|Chancel Fund|1,401||1,281|120||||
|(2)|Dashwood bequest (Upkeep Gdn of|6,782||6,198|584||||
|(3)|Forrester bequest (Churchyard Upkeep)|22,997||21,019|1,978||||
|(4)|Grimthorpe bequest (Church Repair Fund)|18,672||17,066|1,606||||
|**St Mary's**|||||||||
|(1)|Joel bequest|70,008||63,987|6,021|5,153|2,101|7,254|
||**Total at Year End**|119,860||109,551|10,309||||
## **(ii) Income**
Dividends from equity investments are included in the Statement of Financial Acivities on Section C Note 3 Interest on the St Mary's CBF Deposit Account is held by the Diocesan Office and does not form part of the capital
## **(iii) Joshua Lomax (For a Sermon)**
The value at 31/12/23 was £299 (2022 £273)
## **(iv) Grimthorpe Bequest**
An application has been made in 2024 to the Diocese to liquidate this investment for Funding towards internal Tower repairs.
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