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|||Pa|
|---|---|---|
|Trustees Annual
Report 2024|||
|Aims &Purposes|||
|Objectives
&|Activities||
|Achievements|&Performance||
|Worship
and|Prayer||
|Future Plans|||
|Sustainability|||
|Organisational|Structure||
|Treasurer's|Report|9|
|Auditor's
Report||14|
|Statutory Accounts||16|
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|Income||2023|2022|Movement|Change|
|---|---|---|---|---|---|
|||f|f|f||
|Gift aid donations||108,485|113,827|(5,341)|-5%|
|Non gift aid donations||41,779|36,250|5,528|15%|
|Total Donations||150,264|150,077|187|0%|
|Dividends
and Interest||28,871|28,302|569|2%|
|Rental Property|Income|115,187|101,011|14,177|14%|
|Investment
Income||144,058|129,313|14,745|11%|
|Church
hire||24,005|30,108|(6,103)|-20%|
|Hall 6 Nursery||30,327|27,576|2,751|10%|
|Concerts||17,982|18,964|(982)||
|Church and
hall||72,314|76,648|(4,334)|-6%|
|Ministry||17,129|10,342|6,787|66%|
|Core Income||383,764|366,379|17,385|5%|
|Restricted
Income||33,207|3,658|29,549|808%|
|Wastelands||3,700||3,700|P%|
|Legacy||10,000||10,000|1PP%|
|Total Income||430,671|370,037|60,634|16%|
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|||||Actual|Actual|Movement|Movement|
|---|---|---|---|---|---|---|---|
|||||2023|2022||0/|
|Church maintenance||||31,740|28,606|3,134|11'%%d|
|Church
running|expenses|||42,080|36,980|5,100|14'/|
|Hall maintenance||& repairs||1,304|3,512|(2,209)|-63o/o|
|Hall running
expenses||||9,325|8,939|386|4o/o|
|Clergy housing|&|ministry|expenses|24,072|16,073|7,999|50'/o|
|Music and choir||||7,710|10,690|(2,979)|-28'/o|
|Church supplies||||8,552|9,592|(1,040)|-11'/o|
|Advertising||||2,014|3,384|(1,370)|-4po/o|
|Audit||||7,836|6,305|1,531|24o/o|
|Office costs
Depreciation||||18,146
2,970|21,731
2,970|(3,586)|-17'/
po/o|
|Sundry costs||||7,999|6,877|1,122|16o/|
|Sub-Total Costs||Expended||163,747|155,659|8,089|5'%%d|
|Staff Costs||||92,203|95,085|(2,882)|-3'/o|
|Diocesan quota||||135,280|135,280|(p)|p'/o|
|Total Costs E|ended|||391,230|386,023|5,207|1 o/o|
|Other - Restricted||||21,950|49,925|~27 975|-56'/o|
|Charitable
Activity||Costs Expended||413,180|435,948|~22 768|-5o/o|
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|||||||Unrestncted|Restncted|Tobe|Oh/attested|Restncted|Total|
|---|---|---|---|---|---|---|---|---|---|---|---|
|||||||Funds|Fuhda|Furrda|Funds|Funds|Funils|
|||||||2023|2023|2023|2022|2022|2022|
||||||Note|||2|2||6|
|Income and Endowments|from:|||||||||||
|Donabons
and legac as||||||154,030|26,394|180,424|150077|8,937|159,014|
|Chantable
aclivibss||||||87,208|15,000|102.208|85,629|7,037|78,592|
|Other trading
activities||||||2,168||2,168|I 361||1,361|
|Investments||||||144,058|1,812|145,870|129,313|1,758|131,071|
|Other rhcorne||||||||||||
|Total income and endowments||||||387,464|43,207|430,671|366,379|3,658|370,037|
|Expenditure
on:||||||||||||
|Raising Funds||||||25.225||25,225|25,937|2.390|28,327|
|Chantable
activ tea||||||391,230|21,950|413,180|338,706|97,243|435.948|
|Deter||||||||||||
|Total expenditure||||||416,455|21,950|438,406|364,643|99,633|464,276|
|Net ga ns/(losses)
on investments|||Reaesed|||9,576|4,899|14,475||||
|Net ga ns/(losses)
on investments:|||Unrealised|||42.636|3,705|46,341|(117,742)|(10,043)|(127,T85)|
|Gainsigosses)
on revsluat|o|of investment||propert es||50,000||50,000||||
|Net income||||||73,221|29,860|103,081|(116,006)|(106,018)|(222,023)|
|Transfers
between
funds|||||10|1,759|(1,759)||(62,778)|62,778||
|Net movement
in funds||||||74,960|28,101|103,081|(178,783)|(43,240)|(222,023)|
|Reconciliation
offunds:||||||||||||
|Total funds brought
forward|at|1stJanuary||||5,872,482|69,065|5,941,547|6,051,265|112,305|6,163,570|
|Total Funds carried forward||at 31|December|||5,947,462|97,166|6,044,628|5,872,482|69,065|5,941,547|
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|||||2023|||
|---|---|---|---|---|---|---|
|||Nots|||||
|Fixed Assets|||||||
|Land &property|for use by the PCC|4(a)|468,210||468,210||
|Investment
properties||4(b)|4,495,000||4,445,000||
|Other tangible
tixed assets||4(d)|2,723||5,693||
|Securities|||893,890||833,074||
|||||5,859,823||5,751,977|
|Current assets|||||||
|Debtors||12|31,881||31,922||
|Short term deposits||6|3,333||3,280||
|Cash at bank and in hand|||192,336||185,135||
||||227,550||221,337||
|Current
liabilities|||||||
|Amounts
falling due within one year||13|(42,745)||(31,767)||
|Net current assets||||184,806||189,570|
|Net assets||||6,044,628||5,941,547|
|Funds|||||||
|Unrestricted|||||||
|—Designated|||5,282,683||5,203,328||
|- undesignated|||664,779||669,154||
|Total unrestricted||||5,947,462||5,872,482|
|Resb'Icted||||97,166||69,065|
|Toial funds||||6,044,628||5,941,547|
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|||||Unrestncted|Restncled|TOTAL|Unrestncted|Restncted|TOTAL|
|---|---|---|---|---|---|---|---|---|---|
|||||Funds|Funds|FUNDS|Funds|Funds|FUNDS|
|||||2023|2023|2023|2022|2022|2022|
||||Note|E|E|6|E|E|E|
|Donations
&Legacies||||||||||
|Gift Aded Donations||||04,638|3,192|87,830|91,015||91,015|
|Income tax recoverable||on gift aided donations||23,848||23,848|22,812||22,812|
|Cogeceons (open|plate)|stag services||7,629||7,629|8,911||8,911|
|Sundry donations||||37,849|13,202|51,052|27,340|8,937|36,277|
|Legaoes|||14|66|10,000|10,066||||
|||||154,030|26,394|180,424|150,077|8,937|159,014|
|Charitable
activities||||||||||
|Church
&church|hall lenings|||65,312||65,312|65,228||65,228|
|Car parking||||7,002||7,002|11,420||11,420|
|Wedding
and other fees||||14,895||14,895|8,981||8,981|
|Grants|||||15,000|15,000||||
|Other Fundraising||||||||-7,037|-7,037|
|||||87,208|15,000|102,268|85,629|-7,037|78,592|
|Other trading activities||||||||||
|Income from fundraising||events||2,168||2,168|1,361||1,361|
|||||2,168||2,168|1,361||1,361|
|Investments||||||||||
|Bank &other interest||||67|53|120|38|15|53|
|Dividends||||28,804|1,759|30,563|28,265|1,743|30,007|
|Rental income||||115187||115,187|101,011||101,011|
|||||144,058|1,812|145,870|129.313|1,758|131,071|
|Total income end|endowments|||387,464|43,207|430,671|366,379|3,658|370,037|
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||||||2023|2023|2023|2022|2022|2022|
|---|---|---|---|---|---|---|---|---|---|---|
|||||Nota|r.||5|E|E|E|
|Raising funds|||||||||||
|Rental property|expenses||||18.157||18,157|16.399||16,399|
|Concerts, events
activities||and|other income generating||6.703||6,703|9.256|2,390|11,646|
|Shop cost ofsales|||||365||365|283||283|
||||||25,225||25,225|25,937|2,390|28,327|
|Charitable
activities|||||||||||
|Diocesan quota||||15|135.280||135,280|135,280||135,280|
|Church
maintenance|||&restoration|16,17|31,740||31,740|28,606|36,667|65,272|
|Church
running|expenses||||42,080||42,080|36,980||36,980|
|Hall maintenance||& repairs||16|1,304||1,304|3.512||3,512|
|Hall running
expenses|||||9,325||9,325|8,939||8,939|
|Administration
staff costs|||||92,203||92,203|35.152|47,317|82,470|
|Clergy housing|&|ministry expenses|||24,072||24,072|16,073||16,073|
|Music and choir|||||7,710||7,710|23,338||23,338|
|Church
supplies|||||8,552|500|9,052|9,592|1,402|10,994|
|Advanislrig|||||2.014||2,014|3,384|4,634|8,018|
|Audit|||||7,836||7,836|6,305||6,305|
|Office costs|||||18,146||18,146|21,731|113|21,844|
|Depreciation||||4(d)|2,970||2,970|2.970||2,970|
|Charitable
Giving,||Grants|||187|21,450|21,638|205|7,110|7,315|
|Sundry costs|||||7,812||7,812|6,639||6,639|
||||||391,230|21,950|413,180|338,706|97,243|435,948|
|Total Expenditure|||||416455|21,950||364,643|99,633|464,276|
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|ctd|||||
|---|---|---|---|---|
||||2023|2022|
|Cost orest mated|market value||||
|Al lstJanuary|||468,210|468,210|
|Additions
Revaluations|||||
|Disposals|||||
|At31stDecember|||468,210|468,210|
|Compnsing
Church
hall and nursery
Caretaker's
cottage|||168,210
125,000|168,210
125,000|
|Carpark area|||100,000|100,000|
|Old mortuary
building|||75,000|75,000|
||||468,210|468,210|
||||2023|2022|
|||||6|
|Cost or estimated||market value|||
|At 1stJanuary|||4,445,000|4,445,000|
|Additions|||||
|Revaluations|||50,000||
|At31stDecember|||4,495,000|4,445,000|
|Compnsing|||||
|7 St.plfege Passage|||1,170,000|1,170,000|
|8 St.Alfege Passage|||1,170,000|1,120,000|
|10St Alfege Passage|||1,170,000|1.170,000|
|11St.Alfege Passage|||985,000|985,000|
||||4,495,000|4,445,000|
||||2023|2022|
||||6|6|
|Cost|||||
|At 1stJanuary|||7,725|7,725|
|Additions|||||
|At31stDecember|||7,725|7,725|
|Accumulated
Depreciation|||||
|At1stJanuary|||7,725|7,725|
|Deprecation
for the||year|||
|At31stDecember|||7,725|7,725|
|Net Book Value|||||
|AtlstJanuary|||||
|At31stDecember|||||
##
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|||||||||2023|2022|
|---|---|---|---|---|---|---|---|---|---|
|||||||Cost||||
|||||||At 1stJanuary||31,435|31,435|
|||||||Additions||||
|||||||At 31st December||31,435|31,435|
|||||||Accumulated|Depreciation|||
|||||||At1stJanuary||25,743|22,773|
|||||||Depreciation|for the year|2,970|2,970|
|||||||At31stDecember||28,713|25,743|
|||||||Nst BookValue||||
|||||||At 1stJanuary||5,693|6,663|
|||||||At31stDecember||2,723|5,693|
|5|Securities|||||||||
|Equities||||||||2023|2022|
||||||||||f|
|Various investments
were sold
in 2023 and all proceeds were
immediately
re-invested
into
The Church of England
Investment
Fund.||||||Market value at 1stJanuary
Additions
Proceeds
Gain on disposal||833,074
693,690
(693,690)
14,475|960,859|
|||||||Revaluations||46,341|(127,785)|
|||||||Market value at 31stDecember||893,890|833,074|
|6|Maturity||of|short-term|deposits, repayable||on demand|||
|||||||||2023|2022|
|||||||||f.||
||||||Central|Board of Finance|ofthe Church of England|3,333|3,280|
|||||||||3,333|3,280|
##
|7
Gains on revaluation
or di|sposal||||||
|---|---|---|---|---|---|---|
||Unreslrided|Res(hoed|TOTAL|Unrestnded|Restricted|TOTAL|
||Funds|Fund|FUNDS|Fmds|Fund|FUNDS|
||2023||2023|2022|2022|2022|
|Analysts
ofchwyes
In the parted|||||||
|Net gan (-loss) on securkies|9,576|4,899|14,475||||
|Net unresteed
gan Hoss) onseclttes|42,636|3.705|46,341|(117,742)|(10,043)|(127,765)|
|Net unreslised
gain (-loss) on property|50,000||So,aoa||||
|Net realised gain (-oss) on rerduchess( dispcsels|102212|8.604|110,816|(117,742)|(10,043)|(127,765)|
##
##
##
|||Unrestricted|Restricted|Total Funds|Unrestricted|Restricted|Total Funds|
|---|---|---|---|---|---|---|---|
|||Funds|Furies||Fit fide|Funds||
|||2023|2023|2023|2022|2022|2022|
|Land 8,|Buildings|468,210||468,210|468,210||468,210|
|Fixtures,|Fittings 8 Equipment|2,723||2,723|5,693||5,693|
|Investment
Property||4,495,000||4,495,000|4,445,000||4,445,000|
|Securities||823,434|70,456|893,890|771,222|61,852|833,074|
|Current|Assets|193,287|34,263|227,550|214,124|7,213|221,337|
|Current|Liabilities|(35,192)|(7,553)|(42,745)|(31,767)||(31,767)|
|Fund balances||5,947,462|97,166|6,044,628|5,872,482|69,065|5,941,547|
##
##
|R|es|tricte|d funds|||||||
|---|---|---|---|---|---|---|---|---|---|
|||||Current|Securities|Total Assets|Current|Securities|Total|
|||||Assets|||Assets||Assets|
|||||2023
6|2023
6|2023|2022f|2022
E|2022
F.|
|Smith Trust|||||70,456|70,456||61,852|61,852|
|Restoration||Appeal|Fund|||||||
|Chancel|Fund|||1,210||1,210|1,157||1,157|
|Grants||||307||307|807||807|
|Perks||||10,000||10,000||||
|Choir||||15,192||15,192||||
|Charity|Collections||Held||||5,248||5,248|
|Total Restricted|||Funds|26,710|70,456|97,166|7,213|61,852|69,065|
##
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##
||||General|Designated|Total|General|Designated|Total|
|---|---|---|---|---|---|---|---|---|
||||Purposes|Funds|Unrestricted|Purposes|Funds|Unrestricted|
||||||Funds|||Funds|
||||2023|2023|2023|2022|2022|2022|
|Land 8|Buildings||468,210||468,210|468,210||468,210|
|Fixtures,||Fittings & Equipment|2,723||2,723|5,693||5,693|
|Investment||Properly||4,495,000|4,495,000||4,445,000|4,445,000|
|Development
Costs|||||||||
|Securities|||90,928|732,506|823,434|83,056|688,166|771,222|
|Current|Assets||135,710|57,577|193,287|141,562|72,562|214,124|
|Current|Liabilities||(32,792)|(2,400)|(35,192)|(29,367)|(2,400)|(31,767)|
||||664,779|5,282,683|5,947,462|669,154|5,203,328|5,872,482|
##
|||Arnold|Woodyard|Lowe Bequest|Total|Arnold|woodyard|Lowe|Total|
|---|---|---|---|---|---|---|---|---|---|
|||Bequest|Sale
Proceeds||Designated
Funds|Bequest|Sale
Proceeds|Bequest|Designated
Funds|
|||2023|gc23|2023|2023|2022|2022|2022|2022|
|||||||f||8|F.|
|Land &|Buildings|||||||||
|Fixtures. P8cgx 8 Equipment||||||||||
|Icvebimecl Property||4,498.000|||4,498,880|4,445.000|||4,445,000|
|Sccciitcc||180.841|487,538|74.031|732,888|148,734|462,432|79,001|688,168|
|C iieci|Asceic|2400|85,177||gy,gyy|2,400|70,162||72,562|
|Current|Liabilities|(2.400)|||12,488)|(2,400)|||(2,400)|
|Long Term Libbiliticc||||||||||
|||4,888,941|582712|74,031|8,282,883|4,591,734|532,594|79,001|5,203,328|
##
##
|||Balance|Income &|Expenditure|Transfers|Unrealised|Balance|
|---|---|---|---|---|---|---|---|
|||1 Jan'23|Realised|||Gams|31Dec 23|
||||Gains|||||
|Fund||||||||
|Unrestricted
Funds||||||||
|General Purposes|Fund|669,153|361,590|(401,471)|28,069|7,437|664,778|
|Arnold Bequest||4,591,734|8,333||(4,616)|60,490|4,655,941|
|Woodyard
Sale Proceeds||532,594|28,787|(14,984)|(17,097)|23,413|552,713|
|Lowe Bequest||79,001|(1,670)||(4,596)|1,296|74,031|
|Total Unrestricted|Funds|5,872,482|397,041|(416,455)|1,759|92,636|5,947,463|
|Restricted
Funds||||||||
|Chanty Collections|Held|5,248|13,202|(18,450)|||0|
|Smith Trust||61,852|6.658||(1,759)|3,705|70,456|
|Grants
—restncted||807||(500)|||307|
|Chancel
Fund||1,157|53||||1,210|
|N Perks Legacy|||10.000||||10,000|
|Cltoti'|||18,192|(3,000)|||15,192|
|Restoration
Appeal||||||||
|Total Restricted|Funds|69,065|48,106|(21,950)|(1,759)|3,705|97,166|
|||5,941,547|445,146|(438,406)||96,341|6,044,629|
##
##
|||Balance|Income &|Expenditure|Transfers|Unrealised|Balance|
|---|---|---|---|---|---|---|---|
|||I Jan '22|Realised|||Gains/|31Oec 22|
||||Gains/|||(Losses)||
||||(Losses)|||||
|Fund||||||||
|Unrestricted
Funds||||||||
|General Purposes|Fund|741,273|340,595|(364,643)|(36,993)|(11,078)|669,153|
|Arnold Bequest||4,612,534|4,579||(4,579)|(20,800)|4,591,734|
|Woodyard
Sale Proceeds||613,798|16,744||(16,744)|(81,204)|532,594|
|Lowe Bequest||83,661|4,462||(4,462)|(4,660)|79,001|
|Total unrestricted|Funds|6,051,265|366,379|(364,643)|(62,778)|(117,742)|5,872,482|
|Restncted
Funds||||||||
|Charity Collections|I-laid|3,421|8,937|(7,110)|||5,248|
|Smith Trust||71,895|1,743||(1,743)|(10,043)|61,852|
|Grants - restricted||807|||||807|
|Chancel
Fund||1,142|15||||1,157|
|Restoration
Appeal||35039|(7,037)|(92,523)|64 520|||
|Total Restricted Funds||112,305|3,658|(99,633)|62,778|(10,043)|69,065|
|||6,163,570|370,037|(464,276)||(127785)|5,941,547|
##
##
|11(b)
PCC employees
and thei|r emolume||nts||||||
|---|---|---|---|---|---|---|---|---|
|Clergy are paid by the diocese and are|||||||Numbesof|Fullteae|
|not PCC employees.
The PCC employs
one full time office administrator
as well|Function||||||cnt p Ioye es|equivalent|
|as part time administrators
supporting
office administration,
heritage|At m m ts tcauo
bhstcandCon||n
enxb||cement|||21
07|
|engagement,
choir and concert|||||||||
|administration.
These employees
have|||||||||
|employment
contracts, and their|||||||2023|2022|
|emoluments
are subject to deductions||||||||8|
|of PAYE and NIC. The table on the|||||||||
|right shows the total cost to the PCC of|0 oss satan||s||||89,486|91,701|
|employing
them. No employees|Eniplo&etpenston|||cont|b|uons|1,507|1,697|
|received employee
benefits,
excluding|Entplotet's|Naaonal||Insurance|||1,210|1.686|
|employer
pension,
of more that|||||||92,203|95,085|
|660,000.|||||||||
##
##
##
##
|||2023|2022|
|---|---|---|---|
|||f|6|
|Prepsyments||6,038|5,475|
|Gift Aid Reclaim||6,133|7,780|
|Rental Deposit||2,400|2,400|
|Other Debtors||17,310|16,266|
|||31,881|31,922|
|ithin one year||||
|||2023|2022|
||||6|
|Rental Property|Deposit|2,400|2,400|
|Accrued Expenses||18,367|8,390|
|Provisions||||
|Taxation snd social security||7,157|7,157|
|Deferred
Income||5,009|4,579|
|Sundry
Creditors||9,812|9,241|
|||42,745|31,767|
##
##
##
##
##
##
|||||From Unrestricted|From|TOTAL|TOTAL|
|---|---|---|---|---|---|---|---|
|||||Furxls|Restncted|EXPENSE|EXPENSE|
|||||||2023|2022|
|||||||6|6|
|Hall||||1,304||1,304|3,512|
|Church||||||||
|Restoration||Appeal|||||36,667|
|Heating||||13,288||13,288|2,274|
|Electrical||||7,024||7,024|3,644|
|Roof 8|Floor|||787||787||
|Other,|incl.|organ 8|sound|7,476||7,476|21,322|
|Tower|end|clock||600||600|647|
|Churchyard||||2 566||2 566|720|
|Funded by:||||||||
|PCC General Purposes|||fund||||15,374|
|Woodyard||||33,044||33,044|16,744|
|Restoration|Appeal||||||36,667|
|||||33,044||33,044|68,784|
##
##
|with CF Corporate
Finance was signed
in Decem
w:|ber 2021.Com|mitments
a|
|---|---|---|
||2023|2022|
|Within one year|1,708|1,708|
|Between two and five years|426|2,133|
|Net unrealised
gain (-loss) on revaluations|2,134|3,841|
|Payments
made duing the year|1,756|2,251|
##
##
##
##
|||||||2023|2022|
|---|---|---|---|---|---|---|---|
|Balance Sheet||||||||
|Securities||||||||
|29,493COIF Investment||Fund||accumulation|shares||132,087|
|7,550COIF Investment||Fund|income shares||||20,663|
|CCIA CBFChurch|of|England||Investment|Fund|171,257||
|||||||171,257|152,750|
|Cash and short-term|deposits|||||||
|Bank deposits||||||||
|||||||335|3,385|
|Creditors||||||||
|PCC||||||||
|||||||171,591|156,135|
|Statement of Financial||Activities||||||
|Income:||||||||
|Dividends||||||650|645|
|||||||650||
|Expenditure:||||||||
|Grant to PCC StAlfege||||||(3,700)||
|Net income before investment|||gains|||(3,050)||
|Gains on investments||||||||
|unreaksed
gams Nosses)||on revaluation||||2,996|-17,122|
|Net gams/(losses)
on|inmstments|||Realised||15,510||
|Net income||||||15,456|(16,477)|
|Balances b/ftstdanuary||||||156,135|172,611|
|Balances c/d 31stDecember||||||171,591|156,135|