St Laurence Northfield The Parochial Church Council of the Ecclesiastical Parish of St. Laurence, Northfield Birmingham Registered Charity 1132975 Annual Report and Financial Statements for the year ended 31" December 2023
Structurè, Governance and Management The Parochial Church Council is a corporate body established by the Church of England. As a charity (registered with the Charity Commission for England and Wales number 11329751 it is governed by the various Charities Acts from 1960 to 2022 and two Measures of the Church of England, The Parochial Church Councils (Powers) Measure 1956 as amended and The Church Representation Rules {conlained in Schedule 3 to the Synodical Government Measure 1969 as amended). The method of appointment of PCC members is set out in the Church Represenlation Rules. At St Laurence. Northfield the membership of the PCC consists of the incumbent (our vicar) at present in interregnum. churchwardens. the reader and members elected by those members of the congregation who are on the electoral roll of the church. All those who attend our serviceslmembers of the congregation are encouraged lo register on the elecloral roll and stand for election to the PCC. The PCC members are responsible for making decisions on all matters of general concern and importance to the parish, including deciding on how the funds of the PCC are to be spent. New members receive initial training into the workings of the PCC. The full PCC met eleven times during the year with an average level of attendance of 800/9. Given its wide responsibilities the PCC has a number of committees each dealing with a particular aspect of parish life. These committees. which include worship. mission and outreach and fabric and finance. are all responsible lo the PCC and report back to il regularly. minutes of their decisions being received by the full PCC and discussed as necessary. Administrative information St Laurence Church, Northfield is situated in Northfield, Birmingham. 11 is part of the Diocese of Birmingham within the Church of England. The correspondence address is St Laurence Pastoral Cenlre, Northfield Birmingham B312LX. Registered charity number 1132975. It's phone number is 0121 475 1518, email en uiries sainllaurence.info and web site htl s.'Ilwww.stlaurencenorthfield.or PCC members who have served at any time from 1 January 2023 until the date this report was approved are: Ex officio members: Incumbenl.. Reverend Cannon Janel Chapman (retired 31 July 2023) Reader: Miss Janice Wones Wardens Mr Roy Pounceti Mrs Sandra Reynolds (retired 19 May 2024) Ms Rowena Nicholls (from 19 May 2024} Elected members". Mr Jeffery Carr (until 21# May 2023)
Mrs Elaine Clements (treasurer and representative on Deanery Synod) {from 16 October 2013) Mrs Jennifer Fripp (from 22rKI May 2022) Ms Rowena Nicholls {from 23rd June 2021 until she retired on 19 May 2024). Mr Robert Mayne {until 21" May 2023) As Robert is a representative on the Deanery Synod this means he is an Ex officio member of the PCC until such time as his representation cEases. The Revd Theresa Morton until 2d April 2023 Mrs Sandra Reynolds from 29 April 2018 Ms Sarah Vernon (until 2151 May 2023) Mr Peter Mitchell {from 21st May 2023) Miss Gloria Ikan (from 21" May 2023) Mrs Ruth Clarke {from 21" May 2023) Mrs Geraldine Merrick (from 21SI May 2023) Mrs Deborah Keeves (from 21sI May 2023) Mr Timothy Westwood (from 19 May 2024). Secretary (not member of the PCC) Mrs Emily Corns Related partiès Donations from related parties {PCC members) were £7.430 during the year and were applied to the general fund. Deanery Synod Two members of the PCC sit on the Deanery Synod. This provides the PCC with an important link between the parish and the wider structures of the Church. This year the PCC has also focused its attention on the questions posed to parishes in the deanery about the most effective deployment of stipendiary and non-stipendiary clergy. Volunteèrs We would like to thank all the volunteers who work so hard to make our church the lively and vibranl community it is. In particular, we want lo menlion our churchwardens Mr Roy Pouncelt and Mrs Sandra Reynolds. who have worked so tirelessly on our behalf. and our treasurer Mrs Clemenls. who has helped us all to understand the church's accounts and its finances. Safeguarding The PCC considers that il has complied with its duty under section 5 of the Safeguarding and Clergy Discipline Measurer 2026 (duty to have regard to House of Bishops guidance on safeguarding children and vulnerable adults as described in the Church Representation Rules 2022}.
Alms and purposes St Laurence, Northfield Parochial Church Council {PCC) has the responsibility of cooperating with the incumbent, lately the Reverend Canon Janet Chapman until she retired on 31 July 2023, in promoting in the ecclesiastical parish, the whole mission of the church. pastoral, evangelistic, social and ecumenical. The PCC is also specifically responsible for the maintenance of the Pastoral Cenlre and Communily Hub. Objects, activities and public benefit The PCC is committed to enabling as many people as possible lo worship at our church and to become parl of our parish community at St Laurence, Northfield. The PCC maintains an overview of worship Ihroughoul the parish and makes suggestions on how our services can involve the many groups Ihal live within our parish. Our services and worship put faith into practice through prayer and Scripture, music and sacrament. When planning our activities for the year. we have considered the Charity Commission's guidance on public benefit, and parlicularly the supplementary guidance on charities for the advancement of religion. We try to enable ordinary people to live oul their faith as part of our parish communily through.. Worship and prayer; leaming about the gospel: developing their knowledge and trust in Jesus Provision of pastoral care for people living in the parish Missionary and outreach work. To facilitate this work. it is important that we maintain the fabric of the church of St Laurence. Northfield and the Pastoral Centre and Community Hub. Achievements and performance Worship and prayer Worship and Prayer is enabled by the Worship committee. The committee had ceased meeting before lockdown. but it was decided to re-establish the committee in 2023 and four meetings were held. Currently Fr John. Jani, Elaine, Roy, Hilda, Sandra, Laurence and attend. The committee has planned all of the services throughout the year and discussed different aspects of our pastoral care and worship. Al each meeting we review services. in particular Easler, Christmas and other seasonal services. The committee is very grateful lo everyone who helps with our worship, not just Fr John and Janice but also our servers, organist and choristers. bellringers. lesson readers, sides people, intercessors and those who seNe lea and coffee. Additional help is needed lo support services so please do consider if you could help out. We particularly need additional altar servers. sides people and help wilh lea and coffee after church. All are welcome lo attend our regular services. At present there are 145 parishioners on the church electoral roll. 46 of whom are nol resident within the parish. Twelve names were added during the year and six were removed either through death Ilhree) or because they moved away from the parish (two) and one requested removal. The
average weekly attendance, counted during October. was 111. but this number increased during the Christmas Festivals lo 344. As well as our regular services. we enable our community to celebrate and thank God at the milestones of the journey through life. Through baplism we thank God for the gift of life- in marriage public vows are exchanged wilh God's blessing- through funeral services friends and family express their grief and 9ive thanks for the life which is now complete in this world, and commend the person into God's keeping. We have celebrated 12 baptisms and 5 weddings and held 25 funerals and 25 Burial of Ashes in our church this year. The Church, The Church Centre and the Barn We want our church to be open lo our community for private prayer. Unfortunately. given the amount of crime in our parish we are unable to do this. so the church is locked when il is not in use. During the year we were grateful to receive three grants. Two were from the Harlow Trusl., one of £2.000 for ceiling repairs the other of £10,000 for liturgical furniture. Both were spent during the year. The third granl was from the Nalional Churches Trust for repointing work. The church is rightly proud of the social and fundraising events il promotes during the year. During 2023 these were: _ Piphy Party (social event).. £47.00 Car boot sales in March and June: £798 Heritage open and scarecrow festival.. £454 Madera concert: estimated £46 (£150 paid to Madera) Jazz night: £484 for Church and £510 for Birmingham Hospice Mission bucket appeal.. £20 for Zimbabwe Graham Short talk {10 March).. £140.00 Ashley Wagner organ recital122 April)- £265.00 Cake sale for Zimbabwe {30 April).. £276.00 Quiz night: £110 Christian Aid.. £982 (including £262 from Craft fayre: £250 plant sale) Bingo night115 July).- £101.00 Christmas fayre: £2097 + £300 for Mothers. Union Christmas tree festival.. £272 Marcus Huxley organ reatal (29 July)-. £148.30 St Laurence Day BBQ (social event on 12 Augusl).. £60.00 Mission bucket appeal.. £17.90 and also Christmas Iree.. £73.10 {Malawi) The Centre is used on Sundays for our 8.'30am weekly Sunday School, monthly on Mondays al 2pm for Mothers Union Meetings. during school term time we have Larry's a group for senior school children (Our contribution to fight against knife crime), Bi monthly Mothers Union Craft sessions for Children and Bi monthly Craft sessions for adults. The Barn is occupied by Polkadol Ellis Accounlar)ts under a lease extended in 2019.
Pastoral care Some members of our parish are unable to attend church due lo sickness or age. We normally maintain contact with them by telephone to keep them in touch with church life. We have a Lookoul Group with Lead Members responsible for certain members of the ¢ongregation. The group is organised by Fr John Richards a retired Priest who has Permission to officiate and Sue Richards. Prior to her retirement Reverend Canon Janel Chapman our incumbent used lo visit church members who requested a visit from the clergy. Home Communion is offered and distributed by our Home Communion Team. Our church congregation holds the firm view thal everyone has responsibility for congregants who suddenly fail to attend. Mlssion and evangelism We have a weekly church email newsletter instead of a parish magazine. 204 copie5 are emailed and a 20 are printed for those who prefer a prinled copy. The newsletter keeps our parishioners informed of the important matters affecting our church and articles Ihat help develop our knowledge and trust in Jesus. Ecumenical relationships The church is a member of Churches Together in Northfield which is the grouping together of several of the churches in the Northfield area. During 2023 the churches involved were Northfield Baptist Church. Northfield Methodist Church. Sl Bartholomew's C of E. St Brigid's Roman Catholic ChurGh, St David's C of E. St Laurence C of E and the Quakers. The activities of the group during the year were Community Christmas. Carol Singing in Northfield, Week of Prayer for Christian Unity, Pray 24hr Brum. Church swap. ashing services and Lent courses, Easter Walk of Witness through Northfield. Flnancial r8view Net movement in funds on unrestricted funds was a reduction of £5.977. Included in this is the designated legacy fund which received £16,100 from a Listed Places of Worship Scheme Grant which reduced the size of the reduction. The fund had been used to fund repair expenditure in 2022 but the grant was received in 2023. Regular giving excluding gift aid fell from £40.656 to £40,272 a 1% reduction. R6slricted funds saw an increase of £15.734. The major change was in the Churchyard fund which increased from £60.989 to £72,396 an increase of £11,407. Our Parish Share maximum ask excluding inflation is based on the 2020 ask of £68,019. 11 has been agreed that Ihe ask for 2023 would be reduced lo 750kn of this amount, £51.014. Unfortunately, due to reduction of income and increasing expenditure on repairs and energy costs we were only able lo pay £30.000. The agreed ask of £51,014 remains the same for 2024 bul again due to increased levels of expenditure we will be only able to pay £30.000 again. Reserves policy It is PCC policy to try to maintain a balance on free reserves (net current assets) which equates lo at least three months unrestricted payments. This is equivalent to £39,000. It is held lo smoolh out fluctuations in cash flow and lo meet emergencies. The balance of the free reserves at the year-end was £40.339 (Unrestricted cash and debtors less creditors) which is 100/0 higher Ihan this target.
Going concern Free reserves at the year-end as detailed above were £40.339. After careful consideration of the likely levels of income and expenditure during 2024 the PCC consider that there is a reasonable expectation that the church has adequate funds to continue in operational existence for the foreseeable future. There are no material uncertainties that would impact on its ability lo continue. It must be recognised however that this view is taken after consideration of the present policy of only paying £30,000 out of the £51,014 annual parish share ask. Accordingly. the PCC continues lo adopt the going concern basis in preparing its annual report and financial statements. Approved by the Parochial Church Council on 2¥tk Z(41 2024 and signed on their behalf by Trustee - Roy rch Warden Trustee Elaine Clements - Treasurer
Independent Examiner's Report to the Parochial Church Council (The Trustees) of The Ecclesiastical Parish of Northfield. St Lauronce, Birmingham, Registered Charity 1132975. I report on the accounts of the Parochial Church Council for the year ended 31 December 2023 which are set out on pages 9 to 26. Respective Responsibilities of Trustees and Examiner The church's trustees are responsible for the preparation of the accounts. The church's trustees consider that an audit is not required for this year under section 144 {2) of the Charities Act 2011 (the 2011 Act) and that an independent examination is needed. It is my responsibility to.. Examine the accounts (under section145 of the 2011 Act). To follow the proGedures laid down in the General Directions given by the Charity Commissioners (under section 145 (51 Ib) of the 2011 Act).. and To state whether any particular matters have come lo my attention. Basis of Independent Examiner's Roport My examination was carried out in accordance with the general Directions given by the Charily Commission. An examination includes a review of the accounting records kept by tho charity and a comparison of the accounts presented with those records. It also includes consideration of any unusual items or disclosures in the accounts and seeking explanations from the trustees conceming any such matters. The procedures undertaken do not provide all of the evidence that would be required in an audit and consequently no opinion is given as lo whether the accounts present a 'lrue and fair view, and the report is limited to Ihose matters set out in the statement below. Independent examiner's stalement In connection with my examination. no matter has come to my attention: 1. Which gives me reasonable cause to believe that in any material respect the requirements To keep accounting records in accordance wtth section130 of the 2011 Act,. and To prepare accounts which accord with the accounting records and comply with the accounting requirements of the 2011 Acl have not been mel.. or 2. To which, in my opinion. attention should have been drawn in order lo enable a proper understanding of the accounts to be reached. S Hendy 19 July 2024 Data Developments. First Floor, Chubb BLJildings, Fryer Street. Wolverhampton. West Midlands WV1 IHT
Parochial Church Council of St Laurence, Northfield Statement of Financial Activities For the year ending 31 December 2023 Unrestricted Designated Restricted TOTAL funds funds funds 2023 TOTAL 2022 Note INCOME AND ENDOWMENTS Voluntary income Activities for generating funds Income from investments Church activities TOTAL INCOME Expenditure on: Church activities Costs of generating funds TOTAL EXPENDITURE 2{a) 2(b) 2{c) 2(d) 46.787 45.740 3,962 16,724 113.213 16.100 15.477 78,364 129.720 1.281 47,021 39,659 1.386 5,348 4,855 22,885 39,609 29,355 41.029 170,342 203,589 16,100 3(8} 31b) 99,975 45,001 144.976 38.189 138,164 237,014 630 45,631 35,028 38,819 183.795 272,042 NET INCOMEIEXPENDITURE BEFORE INVESTMENT GAINS NET GAINS ON INVESTMENTS NET EXPENDITUREIINCOME TRANSFER BETWEEN FUNDS- IN TRANSFER BETWEEN FUNDS-OUT NET MOVEMENT IN FUNDS Reconciliation of funds Total funds brought forward Total funds carried forward 31,763 16,100 2,210 13.453 68,453 7(b) 18,998 (12.765) 4,213 23.211 {31,825} 6,423 10,873 (100,2781 16.100 31,766 31,766 31.766 6,423 31,766 9.758 (100,2781 (12.765) 16.100 400,549 387.784 5,870 21,970 91.393 497,813 598,091 97.816 507,571 497,813
Parochial Church Council of St Laurence, Northfield Balance Sheet at 31 December 2023 2023 2022 Notes FIXED ASSETS Tangible Assets Investments 7(a) 7(b) 188,123 230,217 418.340 188,091 233,819 421,910 CURRENT ASSETS Debtors Cash At Bank and In Hand 8{a) 8{b) 3000 91.383 94.383 15,103 70,321 85,424 LIABILITIES Creditors.. Amounts Falling Due In One Year 5.152 5,152 9,521 9.521 NET CURRENT ASSETSI(LIABILITIES) 89.231 75,903 TOTAL ASSETS LESS CURRENT LIABILITIES 507.571 497,813 Creditors= Amounts Falling Due After One Year 10 TOTAL NET ASSETS 507.571 497,813 PARISH FUNDS Unrestricted Reslricled 409,756 97,815 507,571 406,420 91,393 497,813 Approved by the Parochial Church Council on Il's behalf by (Chair of the PCC Meeting) The notes on pages 11 to 26 form part of these accounts 10
Parochial Church Council of The Ecclesiastical Parish of Northfield. St Laurence, Blrmingham NOTES TO THE FINANCIAL STATEMENTS For the year ended 31st December 2023 1 Accounting pollcies (a) Lègal status The Parochial Church Council is a corporate body established by the Church of England. It has been regulated by the Charity Commission from its registration on 25 November 2009. (b) Basis of preparation The charity financial information has been prepared in accordance with: Financial Reporting Standard 102: The Financial Reporting Standard applicable in the UK and Republic of Ireland {-FRS 102").. Accounting and Reporting by Charities.. Statement of Recommended Practice applicable lo charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 102) {"Ihe SORP),. and The Charities Act 2011. The PCC is a public benefit entity within the meaning of FRS102. The financial information has been prepared on the historical cost basis following the Charities Acl 2011 requirements and in accordance wilh the Church Accounting Regulations 2006 governing the individual accounts of PCC'S, and within the Regulations. llrue and fair" provisions. The prOs5 has been informed by the PCC Accountability Guide 5 Edition and the Church Commissioners Annual Report 2022. (c) ASSETS Consecrated and benefice property In so far as consecrated and benefi property of any kind is excluded from the statutory definition of"charity- by Section 10{2) (a) and (c) of the Charities Acl 2011 such assets are not capitalised in the financial statements. Moveable Church Furnishings These are capitalised at cost and depreciated over their useful economic life other than where insufficient cost information is available. In this case the item is not capilalised, bul all items are included in the Church's inventory in any case. Tangible fixèd assets for use by the charity These are capitalised if they can be used for more than one year. and cost al least £1,000. They are valued al cost or else, for gFfts-in-kind, at a reasonable estimate of their open market valuation on receipt. Depreciation is calculated lo write off the capitalised cKJst of fixed assets less their currently anticipated residual fair value over their estimated useful lives as follows.. Land Fixtures & Fittings & Equipment 25% reducing balance
Other items Individual items with a purchase price of £1.000 or less are written off when the asset is acquired No depreciation is provided on buildings as the currently estimated residual value of the properties is not less than their carrying value and the remaining useful life of these assets currently exceeds 50 years. So that any depreciation charges would be immaterial. An impairment review is rrIed out at each year-end and any resultant loss identified is included in expenditure for the year. Investments Investments quoted on a recognised stock exchange or whose value derives from them are valued al markel value at the year end. Other investment assets are included at PCC'S best estimate of value. Short term deposits These are the cash held on deposit with CCLA or at the bank. (d) Going concorn The PCC has determined that the Church is a going concem and have detailed their reasons for this in an earlier section of Ihis report. See page xxx. (8> Income All income is recognised when the PCC is legally entitled to the income. il is probable the income will be received, and the amount can be quantified with reasonable accuracy. Donations and legacies Donations and legacies are recognised as receivable once the PCC is notified of the gift or legacy, probate has been granted, the executors have established that there are sufficient assets in the eslale to pay the legacy after settlement of liabilities and there are no conditions outside the control of the PCC that are not met. Investment income Dividends are recognised when the PCCS. right lo receive payment is established. which is on the ex-dividend date of the underlying holdings. All other investmenl income is recognised on the accruals basis. Property rents and room hires Property rents are recognised in accordance with the temis of ihe rental agreement in place. Room hires are recognised on receipt of Ihe payment for the hire. (g} Expenditure The SOFA has been presented on an activity basis. Cost have been distinguished between charitable activities and those incurred to raise funds. Expendilure and liabilities are recognised when a legal or constructive obligation exists lo make payment lo a third party. il is probable that settlement will be required, and the amount of the obligalion can be measured reliably. 12
(h} FUNDS Unrestricted Funds These represent the MainIng income funds of the PCC that are available for spending on the general purposes of the PCC. including amounts designated by the PCC for fixed assets for ils own use or for spending on a future projecl and which are there for not included in its 'fr6e reserves, as disclosed in the trustees. report. Restricted Funds These are inwme funds that must be spent on reslricled purposes and details of the funds held and restrictions provided are shown in the notes to the accounts. Endowment Funds These are restricted funds which must be retained as trust capital either pemianently or subject to a discretionary power to spend capital as income. and where the use of any income or other benefit derived from the capital may be reslricled or unrestricted. Full details of all of their restrictions are shown in the notes to the accounts. 13
Parochial Church Council of St Laurence, Northfield 2 . Income and Endowments Total General Designated Restricted This year Last year Income and endowments from: 2 (a) Voluntary income 3101 RegLJlar Giving Envelopes 3104 - Standing Orders {GA) 3105 - Standing Orders (Non-GA) 3106 - PGS Giving {GA) 3107 - PGS Giving {Non-GA) 3108 - Electronic Planned Giving 3111 Collection Plate 3116 - Contactless Donation 3137 - Parochial Organ Donations 3138 - Parochial Flower Donations 3139 - Parochial Bell Donations 3140- Other Donations 3143- Wall Safe Donations 3148 - Candle Donations 3149 - Refreshments Donations 3151 Gift Aid 3152- Gift Aid- PGS 3153- Gift Aid Debtor written back 3170 - Legacies 3180 - Grants 3185 - Grants- BDBF 3187 - LPOW Scheme 1,481 1,482 811 12,211 12,211 16,506 1,128 1,128 1,290 17.858 17.858 10,280 1,608 2,490 2,490 2,035 5,009 5.009 7,212 94 94 913 405 405 389 122 122 280 1.015 1.015 120 2.135 210 2.345 10.839 772 772 478 151 151 131 476 348 3.004 476 348 3.004 471 5,012 2,570 (5.000) 3.000 15.000} 3,000 13,725 51,663 6.570 3,991 13,725 1.632 46.789 16.100 16.100 17.732 78.367 6.550 129.719 15.477 14
21b> Activities for generating funds 3188 - Centre Hire- Casba 3189- Centre Hire- Globalllnexpress 3195- Barn Hire- Polkadol Renl 3196 - Bam Hire- Polkadot Ulililies 3197 - Other Debtors written back 3859 - Nativity Festival 3860 - Chrtstmas Fair 3861 Craft F8yre 3862 - Car Boots 3863- Fairtrade Sales 3865 - Fundraising Events 3899 - Other Fundraising 3900-100 Club Starrt 3902-100 Club Subscriplions 4172- Centre Hire- One-offs 4180 - Centre Hire- Regular 4190 - Centre Hire - Mimi Brown (Dance) 4191 - Centre Hire- Tots Play 4192 - Centre Hire- Kumon 4193- Centre Hire- Kick Boxing 4194- Centre Hire- Maxine Senior Fitness 4202 - Car Park Hire 9997- Community Christmas 7,695 7,694 5.689 10.957 10,957 9,392 10,591 10,591 9,666 1.800 1,800 700 (10.103) {10.103) 631 2,058 304 1,100 94 1.992 235 1,439 34 1.992 235 1.439 1.733 1,733 896 104 104 885 80 396 396 497 497 1,045 5.377 5,377 849 1,011 1,011 754 40 40 88 1.800 1.800 850 3,036 3.036 1,307 1.169 6.333 1,169 6,333 1.341 2.666 150 39,660 45.740 1.281 47,020 2 c Income from Investments 3300- Current Account Interest 3310 - CCLA Deposit Account Interest 3331 - CCLA Dividend - 2279S 1.385 1.386 234 727 47 774 196 1,849 3,961 1,339 1.386 3,187 5,347 4.425 4.855
Church activities 3136 - Parochial Churchyard Fees 4001- Marriage Fees 4002 - Church Register Fees 4004- Funeral Fees 4007- Monument Fees 4008 - Heating Charges 4009 - Other Parochial Fees 4195 - Larry's Income 4498 - Ministry Ed Fund 4999- Sundry Income 22.885 22,885 2,758 14,884 3,624 2.758 257 10.084 257 10.084 632 6,967 681 681 495 2,638 2,638 1.595 30 30 457 240 98 178 16,724 113.214 98 178 461 39,609 29,355 170,343 203,589 22,885 41,029 Tolal income 16,100 16
Parochial Church Council of St Laurence, Northfield 3.Expenditure Total General Designatod Restrlcted This year Last year Expenditure on: Church activities Common Fund Charitable Giving Rector - Phone Rector- Travel Rector - Office Supplies & Equipment Ministry Education Rector - General Expenses Rector - Other Rectory - Water Charges Rectory - Internel & Phone BDBF Parsonage decoration refund Church - Administrator Wages Church - Barry Wages Employer Nl Contributions Employer Pension Contributions Travel Expenses Churchyard - Administrator Wages Churchyard - Barry Wages Churchyard Employer Ni Cont Churchyard Employer Pens Cont Larvs Expenditure Community Christmas GiftslHospilality Stay & Play Group Internel & Phone Stationary Costs Printing Costs Office Supplies Costs Soflware Costs Payroll Costs Other Office Costs Altar Supplies Worship Resources Lectionary Materials 30.000 30.000 58,632 326 87 48 326 86 48 241 44 20 20 193 94 710 90 235 286 20 193 375 20 375 20 (1.115) 1,094 1,065 1.158 1.094 1,065 1.158 2.478 1,285 1,951 21 147 21 147 294 144 2,022 4,251 135 2,022 4,251 135 1,951 4,263 39 325 39 325 951 300 320 54 1,621 521 1,823 2,392 729 230 341 143 146 95 1.104 20 1.484 492 1,644 25 487 230 94 809 184 192 1,104 20 1,484 492 1,644 25 487 230 94 80g 184 192 17
Flower Expenses 6748 - Service Refreshments Other SetV1 Supplies Organist Payments Media License Fee Audio Visual Equipment Organ Repair & Servicing Bell Maintenance Maintenance Materials General Mainter)ance Services Maintenance- Other Church - Major Repairs Cleaning Supplies Waste Disposal Insurance Waler Charges Electricity Charges Gas Charges Utility Credilors written back Agency Error Payments balance wloff Churchyard Upkeep Depreciation Independent Examination Fees Bank Charges Northfield Revealed Heritage Expenditure Sundry Expenditure 259 259 46 727 1,330 797 700 554 336 97 901 780 1.770 3,031 563 19,501 58.003 118.999 477 720 755 487 4,155 3,868 128 12,449 527 100 203 707 314 727 1,330 797 700 554 635 336 97 780 3.031 38.502 477 755 4.155 128 12,449 3,009 (2,180} (2,180) (5,777) (5,777} 10,584 10,584 1,079 750 57 4,140 1,075 750 137 1,079 750 57 1,450 599 99,972 1,450 14,593 599 1,132 38.189 138,162 237,014 Costs of genèrating funds Church Centre - Adminislralor Wages Church Centre - Barry Wages Church Centre Employer Ni Cont Church Centre Employer Pen Cont Centre maintenan Other Centre- General Maintenan Centre - Cleaning Supplies Centre - Waste Disposal Centre- Insurance Centre - Alarm Charges Centre - Water Charges Cenlre - Electricity Charges Centre - Gas Charges Contactless Fees Fairtrade Purchases 100 Club Prizes 14,395 11.689 14,395 11,627 11.689 9,896 959 959 278 142 152 720 244 5.281 216 221 7,246 3,367 278 142 152 720 244 5.281 216 221 7,246 3,367 82 474 4,679 120 122 4,201 3,671 43 113 93 93 630 630 18
45.004 144.976 630 45,634 35.028 38,819 183,796 272,042 TOTAL RESOURCES EXPENDED 4 Analysis of Expendlture Including Allocation of Support Costs Direct Costs Support Costs Total Church building and maintenance 82.070 750 82,820 Independent Examination 750 750 5. Staff Costs This Year Total Last Year Total Wages & Salaries Social Security Costs Pension Costs 34,511 2,252 338 31,500 1,951 294 37.101 33,745 The average number of employees 5{a) Related Parties As the Verger for Funerals Roy Pouncett, Warden received fees of £60 during the year. As the Verger for Weddings Rowena Nicholls PCC member and Warden from 19th May 2024 received fees of £150 during the year. No other payments or expenses were paid to any other PCC member. persons closely connected to them or related parties. Donations from related parties (PCC members) Vre £7,430 during the year and were applied to the g6neral fund. 6 Analysis of transfers between funds £326 was transferred from the 100 Club Reslricled Fund lo the Pastoral Centre Restricted Fund. This is the usual annual transfer of profil. £2,255 was transferred from the Norlhfield Revealed Restricted Fund lo the Porch Reslricled Fund with permission of the grantor to close the fund. 19
Parochial Church Council of St Laurence, Northfield 7. Flxed Assèts 7{a) Tangible Fixtures Freehold Sound Propety Fittings System Total Cost or valuation At 1st January 2023 Disposal Additions at cost Al 31 st December 2023 184,885 627 3,655 189,167 1,110 1,110 184,885 627 4.765 190,277 Depreciation At 1st January 2023 Withdrawn on disposals Charge for the year At 31st December 2023 157 919 1,076 118 961 1,079 275 1.880 2,155 Al 31st December 2023 Nel book value 184.885 352 2,885 188,122 Al 31 st December 2022 184,885 470 2,736 188,091 7(b} Investments Market value at 1 January 2023 Disposal Purchases at cost Net gains 233.819 (29,337) 3,187 22,548 230,217 20
Parochial Church Council of St Laurence, Northfield 8. Currenl Assets 2023 2022 8{a) Debtors Tax recoverable 5.000 Prepayments and accrued interest Other debtors Accrued income at year end 10.103 3.000 3,000 15,103 8(b) Cash at bank Current Account- Income Current Account- Expenditure Current Account - 100 Club CCLA Deposits 75.635 4.000 1,030 10,718 91,383 57,708 4,050 8,564 70.322 9. Liabilities 2023 2022 Amounts falling due in one year Agency colleclions Utility creditors Other creditors Deferred Income Accrued expenditure al year end 2.870 6,592 2,180 1.020 1,262 5,152 750 9,522 21
Parochial Church Council of St Laurence, Northfield 10 Funds of the church Unrastrlcted fund General Available for use by the PCC within the charitable objects of the Church Designated fund Legacies Created from legacies received by Ihe Church and used for specific purposes by the PCC not concerned with the day to day expenditure. Restricted funds 100 Club Fundraising activity making donations to Charities and the Pastoral Centre. Grants and donations received for the repairs and renovation of the church and spent on the same. Receives donations mainly from visiting ringers and pays for the mainlenance on the bells, tower and assoGialed equipment. Income from Churchyard fees funds churchyard salaries and maintenance. Income from weddings, funerals and donations used to purchase flowers lo decorate the church. Income from donations and collections pays for the upkeep of the bells, ringers travel and uniforms. Harlow Trust Ceiling Repairs Grant 2023 Specific one-off restricted grant. Harlow Trust Ecumenical Furniture Grant Specific one-off restricted grant. 2023 Larry's Safe Space Building Bell Churchyard Flower Hand Bells Income from grants and donations funds the running costs of the term lime after school club for senior children. Income from clergy fees waived by the recipient in favour of the PCC to pay for clergy and volunteer training. National Churches Trust Repointing 2023 Specific one-off restricted granl. Organ Fees for use of the organ at weddings and funerals used to pay for organ maintenance. Grants and donations to pay for the building of the interior church porch. Grants and donations tOW8rds the maintenance of the Pastoral Cenlre. Ministry Education Porch Pastoral Centre 22
Parochial Church Council of St Laurence, Northfield 11. Summary of Fund Movements Fund balances brought forward Incoming Outgoing Gains and Journal Fund balances Carried forward Fund Transfers Resources Resources Losses Entries Unrestricted General- General Fund 400.549 113.214 144,976 18.998 387,785 Sub-totals Designated Legacies 400,549 113.214 144,976 18.998 387,785 5,871 16100 21,971 Sub-lolals Restricted 100 Club Building Bell Fund Churchyard Flower Fund Hand Bells Harlow Trust Ceiling Repairs 2023 Harlow Trust Liturgical Furniture 2023 Lartys Safe Space Ministry Education NCT Repointing 2023 Northfield Revealed Organ Fund Porch Pastoral Centre Sound System 5.871 16,100 21.971 1,291 47 1,015 24.224 122 957 (326) 500 4.172 60,989 1,584 139 547 5.187 72,396 1,448 139 17,030 259 4.213 2.000 2,000 10.000 8.190 325 195 1,810 3,881 3,228 1,725 2,255 4.549 4.205 3,423 1.725 2.255 4.698 6.375 317 2,736 {2,255) 405 554 2,255 326 642 200 Sub-lolals 91.393 41.029 38,819 4,213 97,815 Totals 497,813 170.343 183,795 23,211 507,571 23
Parochial Church Council of St Laurence, Northfield 12. Summary of Assets by Fund Class and nominal code General (Unrestricted) Designated Restricted Total Last year Fixed Asset - Investments 1611.. CCLA 883850001R 1612.. CCLA 102002279S 119.721 119,722 106.542 64.243 183,964 46.252 110,495 127,276 46.252 230,217 233,819 Total Fixed Assel - Tangible Assets 1781.. Freehold Property 1782.. Fixture & Fittings 1783.. Sound System 184,885 184,885 184.885 353 353 470 149 Total 185.387 Current Asset- Cash at Bank and In Hand 1500: Current Account- Income 1501: Current Account- Expenditure 1502-Currenl Account- 100 Club 1520.. CCLA Deposit Account 602152001D 1521: CCLA Deposit Account 602152002D 1522.. CCLA Deposit Account 602152003D 1565.. Petty Cash- Chur 2.736 2,885 2,736 2.736 188.123 188.091 (157,545) 97.762 135.416 75,633 57,708 184,561 (80,778) (99.782) 4,001 4.050 1.030 1,030 (10.315) 4.986 14.521 9.192 7.084 77 78 76 18 1,431 1,449 1,404 25 16,695 25 52,718 91,383 70,322 Total Current Asset- Debtors 1584: HMRC Debtor 1589: Other Debtors 1592-Accrued income al year end 21,970 5.000 10,103 3.000 3,000 3,000 3,000 15,103 Total Liability - Agency Accounts 24
6699.. Agency collections 2,870 2,870 2,870 2,870 6,592 6,592 Total Liability- Credltors: Amounts Falling Due In One Year 2105: Ulilily Creditors 2111=Olher Creditors 2150-Deferred income 2160.. Accrued expenditure at year end 2,180 750 1,020 1,020 1,262 1.262 1.262 2.282 Total 1.020 2.930 Net total assets 387,784 21,970 97.816 507,571 497,813 25
Parochial Church Council of St Laurence, Northfield 13 Prior Period Comparative SOFA Statement of Financial Activities For the year ending 31 December 2022 Unrestricted Designated Restricted funds funds funds TOTAL 2022 INCOME AND ENDOWMENTS Voluntary income Activities for generating funds Income from investments Church aclivities TOTAL INCOME Expenditure on.. Church activities Costs of generating funds TOTAL EXPENDITURE 55.347 51663 22.709 129,719 39.659 4,855 14,231 114,092 39.659 4,855 15.124 29,355 37.833 203,588 51.663 111.688 35.028 146.716 80778 44.548 237.014 35.028 44.548 272,042 80,778 NET INCOMEIEXPENDITURE BEFORE INVESTMENT GAINS NET GAINS ON INVESTMENTS NET EXPENDITUREIINCOME TRANSFER BETWEEN FUNDS NET MOVEMENT IN FUNDS Reconciliation of funds Total funds brought foward Total funds carried fOard 32,624 29.115 6.715 68,454 (31,8251 (64,4491 131.825) 16,715) (100.279) {29.115) {64.449) (29.115) {6,715) {100,2791 464.997 400.548 34,986 5,871 98,108 598,091 91,393 497,812 26