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← The Parochial Church Council Of The Ecclesiastical Parish Of St Mary The Virgin, Baldock

2023-12-31-accounts

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The Parochial Church Council of the Ecclesiastical Parish of St Mary the Virgin, Baldock Registered Charity No. 1133060

Annual Report and Financial Statements for the year ended 31[st] December 2023

Rector (From 13 September 2023)

The Reverend Phillipa Maddox The Rectory 9 Pond Lane Baldock

Treasurer

Steve Thomas 38 High Street Baldock

Principal Bankers

Lloyds TSB Bancroft Hitchin

Independent Examiner

Geoff Mann FCIE Dee House Highworth Avenue Cambridge

Church Contact Details http://www.stmarysbaldock.org.uk

The Parochial Church Council of the Ecclesiastical Parish of St Mary the Virgin, Baldock

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Annual Report of the Parochial Church Council for 2023 3
Aim and Purposes 3
Objectives and Activities 3
Structure, governance and management 3
Achievements and Performance 4
Worship and Prayer 4
Missions 4
Deanery Synod 5
Pastoral Care 5
St. Mary's Church Fabric 5
St. Mary's Church Hall 5
Sustainability Committee 5
Church Schools & Junior Church 6
Community Sponsorship 6
Safeguarding Policies 6
General Data Protection Regulation 7
Financial Review 8
Administrative Information 10
Statement of Financial Activities (SOFA) 11
Balance Sheet 12
Notes to the Financial Statements 13
Independent Examiner’s Report 19

The Parochial Church Council of the Ecclesiastical Parish of St Mary the Virgin, Baldock

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Annual Report of the Parochial Church Council for 2023

Aim and Purposes

The Parochial Church Council of the Ecclesiastical Parish of St Mary the Virgin, Baldock (PCC) has the responsibility of cooperating with the incumbent, the Reverend Phillipa Maddox, 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 Church and the Church Hall.

Objectives and Activities

The PCC is committed to enabling as many people as possible to worship at our church and to become part of our parish community at St. Mary's. The PCC maintains an overview of worship throughout the parish and makes suggestions on how our services can involve the many groups that 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, the incumbent and the PCC have considered the Commission's guidance on public benefit and, in particular, the specific guidance on charities for the advancement of religion. In particular, we try to enable ordinary people to live out their faith as part of our parish community through:

To facilitate this work, it is important that we maintain the fabric of the Church of St. Mary's and the Church Hall.

Structure, governance and management

The method of appointment of PCC members is set out in the Church Representation Rules. At St. Mary' s the membership of the PCC consists of the incumbent (Rector), readers, churchwardens and members elected by those members of the congregation who are on the electoral roll of the church. All those who attend our services/members of the congregation are encouraged to register on the Electoral 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.

In addition to the Annual Parochial Church Meeting, the full PCC met four times during the year - in February, June, September and November. Given its wide responsibilities, the PCC has a number of committees each dealing with a particular aspect of parish life. These committees which include standing, finance, stewardship, fabric, worship, sustainability and mission, are all responsible to the PCC and report back to it regularly with minutes of their deliberations being received by the full PCC and discussed as necessary.

The Friends of St. Mary the Virgin, Baldock (Registered Charity: 1117542) is a separate charity with the aim of raising money for the maintenance and restoration of the fabric of the church buildings. The Friends of St Mary’s (FOSM) committee met every 8 weeks or so throughout the year, principally to plan the fundraising events to assist the church maintenance and repairs and grow membership.

The Parochial Church Council of the Ecclesiastical Parish of St Mary the Virgin, Baldock

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Achievements and Performance

Using the Parish Profile, written and approved by the PCC in autumn 2022, and following the advertisement on the Diocese of St Albans’ vacancy page, a day was held in February 2023 to interview 3 candidates for the post of Rector of Baldock with Bygrave. Care was made that each candidate did not meet or see each other as they rotated round various “tasks” : leading a prayer group, taking a Q & A session at one of the church schools (St Mary’s Junior), having a chance to meet other ministers in the deanery and see around both churches, plus a formal interview led by Bishop Jane and Archdeacon Janet. As a result of this day we were delighted that Reverend Phillipa Maddox, from All Saints Leavesden, accepted our offer of the post, with the planned start date in September 2023.

This gave a much-needed boost to the congregation, who could now see light at the end of the vacancy tunnel, which continued to be a time of “keeping Church going”, led by the considerable efforts of our Church Administrator, Alex Milne, Church Warden David Morgan and Reader Katrina Nice.

Worship and Prayer

We continued in “vacancy mode” for eight and a half months of 2023, very gratefully receiving help from a number of retired clergy to lead Eucharistic services on Sundays and Wednesdays, with our Reader, Katrina Nice stepping in 4 times to lead an Service of Worship with Communion by Extension at 8am and 4 non eucharistic services

Almost all services now have a PowerPoint presentation for all the words and hymns instead of service booklets and hymn books, which are however still available for those who wish or are sitting in the side aisles where the screen is less visible.

Even in the vacancy we continued to hold Tiny Tots Singalong on Wednesday mornings every week except in school holidays, Evening Prayer on Zoom on 3 days a week and a contemplative prayer session on Zoom once a week. A monthly prayer group also now meet after the service on the 2nd Sunday of the month led by Agnes Balmer, who is exploring her vocation.

At present we have 114 parishioners on the Church Electoral Roll.

As well as our regular services, we enable our community to celebrate and thank God at the milestones of the journey through life. Through baptism we thank God for the gift of life, in marriage public vows are exchanged with God's blessing and through funeral services, friends and family express their grief and give thanks for the life which is now complete in this world and to commend the person into God' s keeping.

Missions

As Christians we are called to give to build the Kingdom of God. Giving through our church is one of the ways we can do this.

The Missions Committee meets four times a year to allocate funds to support the work of charitable organisations. We receive £1000 a year from the PCC.

Rather than give small amounts to lots of charities, we aim to give larger sums to a local, a national and to an international charity each time we meet. In the past few years we have supported North Herts Homestart, and Foodbank locally, the Church Army, Shelter and Church Urban Fund, nationally, and Christian Aid, Water Aid and Morocco Earthquake Appeal internationally, among others. The charities we chose at our latest meeting were Foodbank (£150), USPG (£150), Christian Aid Ukraine Appeal (£100) and Unicef Gaza Emergency Appeal (£100).

Our church also gives money to Hazel and Martin, our missionaries in Argentina, through Latin Link.

All our Christmas collections go to homeless charities.

The Parochial Church Council of the Ecclesiastical Parish of St Mary the Virgin, Baldock

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Deanery Synod

Three 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.

Pastoral Care

St Mary's Church Hall continues to host biweekly Foodbank distribution sessions, run by an ecumenical group in Baldock, part of the International “Trussell Trust” Foodbank organisation.

St Mary’s has a team of people who celebrate Communion with those who are housebound and church services have now resumed in most care homes and this is much appreciated by the residents.

There are volunteers who help with pastoral and bereavement follow-up care. Unfortunately, the annual “In Loving Memory” commemoration service was postponed from November to January 2023, due to sickness, but, as in previous years, was much appreciated by those who attended.

Several people support families who are bringing their child to be baptised, providing a friendly link with the church through visiting and assisting at the baptism service.

Messy Church continued to be held monthly in the Church Hall starting at 11:45 with a hot meal, with crafts being integrated with worship throughout the session. Since Emma left in June, only the September session with the A Rocha speaker was held, because of the pressures of the vacancy. It is planned to have Messy Church bi-monthly in 2023 if possible.

The After-Hours group for teenagers run by our ordinand and another church member continued to meet monthly until Emma left, and then enjoyed meeting up and being involved in the 9 Lessons and carols service in December.

St. Mary's Church Fabric

Following last year’s completion of the works to the Nave and Chancel roof, no major capital projects were undertaken in 2023.

Now that the building is dry, however, we will be able to proceed with the installation of the new chancel carpet that we had committed to previously, with the faculty already in place. Discussions to move this forward have taken place and the carpet will be laid in 2024.

Routine maintenance and annual inspections we completed throughout the year and driven by Chris and Sheila Page, thorough and comprehensive cleaning of both the church and the church hall, was undertaken, more regularly, an initiative that will be carried forward into 2024 too.

St. Mary's Church Hall

The drainage problems with the kitchen continued in the early part of 2023, with the problem finally resolved by a power flush which, it seems has resolved the blockage once and for all.

Hall bookings and events that call for catering have increased and it is not a coincidence that hall revenue has improved throughout the year.

The hall continues to be an area which requires investment and this should be given due consideration, as we review our priorities and set spending plans for the year ahead.

Sustainability Committee

The Eco Group was set up in September 2015 with the aim of helping St Mary’s Church and individuals to reduce their carbon footprints.

The Parochial Church Council of the Ecclesiastical Parish of St Mary the Virgin, Baldock

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The church is a member of the A Rocha (Christian environmental charity) Eco Church Awards scheme, working towards our goal of becoming net zero carbon ourselves by 2030 in line with the Church of England’s aims. This involves gaining points across 5 categories - Worship, Buildings, Outdoor Space, Community and Global Engagement, and Lifestyle, by adopting climate friendly policies in each.

We continue to work towards our silver award, having an Eco stand in church and posting an Eco tip every week- sharing this more widely throughout the deanery, have had a stall at both Baldock Eco Fests in 2023 with eco crafts to engage children, took part in Living Churchyards with a bioblitz afternoon, promoted “no Mow May” to encourage people to leave wild areas in their own gardens to help biodiversity and again took part in Rotary’s “Open Gardens” in May. It was more difficult to maintain both churchyard bee gardens during the vacancy but that may have proved beneficial to small bugs and biodiversity!

Church Schools & Junior Church

Weekly whole school assemblies (collective worship) continued at both Infant and Junior schools, the leading shared by Katrina Nice (Infants) and Andrew Clark (Juniors). Our new incumbent Rev Phillipa has taken on alternate weeks. Collective Worship at both schools since she started in mid-September, which is much appreciated.

Rev Phillipa and several members of the congregation are governors at both schools and Rev Phillipa has a lot of involvement with both schools. Mrs Rosemary Charsley has continued as Chair of Governors at the junior school.

Junior Church was held with 2 sessions per month during term time (not running on Messy Church or All Age service Sundays). We have no Junior Choir at present.

Community Sponsorship

Following acceptance from the Home Office, in November 2018 we welcomed a Syrian refugee family under the government scheme and rejoiced with them when they all received their Indefinite Leave to Remain status in December 2023, after 5 years residency here. They have settled into Baldock well, with the children attending St Mary’s Infant and Junior schools, and now the 2 eldest boys moving on to Knights Templar. The adults are continuing to make progress in English and have had some sessions of work experience. A team of volunteers, continues to support the family with visits to the doctors (less needed now that there is an Arabic speaking GP at the practice) job-centre and conversation practice, while trying hard to make them more independent as time progresses.

Safeguarding Policies - children, young people and vulnerable adults

At St Mary’s Baldock our continued aim is to create an environment which is welcoming, respectful and enables safeguarding concerns to be raised and responded to openly, promptly and consistently. Our goal is to create an environment where safeguarding is everybody’s concern. With the installation of our rector Reverend Phillipa Maddox we are in the process of completely overhauling the way safeguarding is managed within our church.

In November 2023 we ran a Sunday morning service dedicated to safeguarding, with the aim of highlighting that it is everyone’s responsibility and informing the congregation of who the safeguarding team are. Our Safeguarding policy has been reviewed and brought up to date and has been formally adopted by the PCC. This document is made available to all Church groups and individuals and is available on our website in line with Diocesan guidelines. We have updated our safeguarding records which allows us to keep track of any lapsed training and prompt the relevant persons to complete the required training in a timely manner. Many of the safeguarding training sessions are now available as online courses, allowing for more flexibility in completing them at a time that suits each individual. We are also offering group training to help those who may have difficulties completing these courses online. We are using the Parish Dashboard on a regular

The Parochial Church Council of the Ecclesiastical Parish of St Mary the Virgin, Baldock

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basis and are in the process of bringing this up-to-date. This is a valuable resource which can be used to generate safeguarding reports at the click of a button, which will enable us to focus on any gaps that need addressing in our safeguarding records.

Chris Caine remains the parish safeguarding officer with Jennifer Woolnough overseeing DBS checks.

General Data Protection Regulation

The General Data Protection Regulation have continued to be in place and monitored by Alex Milne. All emails sent out by the church go out blind copied and all recipients have signed to agree for their details to be included in our distribution list. Designated email addresses have been set up for Messy Church and Hall Bookings.

The Parochial Church Council of the Ecclesiastical Parish of St Mary the Virgin, Baldock

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Financial Review

General Fund

At the start of 2023, the General Fund held £75,123 but during the year this reduced by £23,140 to finish at £51,983. Many of the changes over the year reflect the financial climate in general. The key points in 2023 were:

Church Hall Fund

The Church Hall made a profit of £1,566 in 2023 after a loss of £460 in 2022. This improved position is a consequence of the increasing use of the hall by external organisations. The Church Hall Fund now stands at £6,580.

Restricted Funds

The PCC currently holds £86,519 (£74,300 in 2022) in surplus Restricted Funds.

Liabilities

The total liabilities of the PCC at the end of 2023 were £8,206 (£76,718 in 2022). This includes the Quarter 4 parochial fees, December utilities invoiced but not paid, and the two years’ Christmas collections. All of these liabilities will be settled within the first quarter of 2024.

Reserve Policy

The reserves policy for unrestricted funds should cover the following items in the priority listed (all items rounded to nearest hundred pounds):

  1. Funding to cover six months of critical expenditure as below: a. Heat, Light and Water for Church and Hall (£10,000 as of 31/12/2023)

  2. b. Insurance Payments for Church and Hall (£4,400 as of 31/12/2023)

  3. Funding to cover two months of critical expenditure as below: a. Salaries (£2,400 as of 31/12/2023)

  4. Funding to cover one month of general expenditure (£7,900 as of 31/12/2023)

The Parochial Church Council of the Ecclesiastical Parish of St Mary the Virgin, Baldock

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  1. Cover for Emergency Repairs (e.g., Theft of Lead, Roof Repairs) (estimated at £30,000) Total Reserve Funds required to meet the policy as of 31 December 2023 is £54,700. Unrestricted General and Designated funds are £58,563, which could be used to cover this.

The Parochial Church Council of the Ecclesiastical Parish of St Mary the Virgin, Baldock

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PHILLIPA MADDOX (PCC CHAIR)

The Parochial Church Council of the Ecclesiastical Parish of St Mary the Virgin, Baldock

11

STATEMENT OF FINANCIAL ACTIVITIES

For the year ended 31 December 2023

Note
INCOMING RESOURCES
Incoming resources from donors
2(a)
Other voluntary income
2(b)
Income from charitable and ancillary trading
2(c)
Income from investments
2(d)
TOTAL INCOMING RESOURCES
RESOURCES USED
Missionary and charitable giving
3(a)
Activities directly relating to the work of the church
3(b)
Fund raising and publicity
3(c)
Church management and administration
3(d)
TOTAL RESOURCES USED
NET INCOMING RESOURCES
Transfers between funds
4
NET MOVEMENT IN FUNDS
BALANCES BROUGHT FORWARD AT
1 JANUARY 2023 (2022)
BALANCES CARRIED FORWARD AT
31 DECEMBER 2023 (2022)		 Unrestricted
Funds
£
74,723
1,105
18,704
1,674		 Restricted
Funds
£
25,473
-
-
268		 Total
Funds
2023
£
100,196
1,105
18,704
1,942
121,947
6,038
111,465
-
13,799
131,302
(9,355)
-
(9,355)
154,437
145,082		 Unrestricted
Funds
£
98,843
2,970
19,053
534		 Restricted
Funds
£
268,428
-
-
236		 Total
Funds
2022
£
367,271
2,970
19,053
770
96,206 25,741 121,400 268,664 390,064
-
101,182
-
13,799		 6,038
9,942
-
-		 -
96,517
294
12,838		 6,495
254,906
-
-		 6,495
351,423
294
12,838
114,981 15,980 109,649 261,401 371,050
(18,775)
(2,800)		 9,761
2,800		 11,751
(3,318)		 7,263
3,318		 19,014
-
(21,575)
80,138		 12,561
74,300		 8,433
71,705		 10,581
63,718		 19,014
135,423
58,563 86,861 80,138 74,299 154,437

The notes on pages 13 to 18 form part of these financial statements

The Parochial Church Council of the Ecclesiastical Parish of St Mary the Virgin, Baldock

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The Parochial Church Council of the Ecclesiastical Parish of St Mary the Virgin, Baldock

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NOTES TO THE FINANCIAL STATEMENTS

For the year ended 31 December 2023

1. ACCOUNTING POLICIES

The PCC is a public benefit entity within the meaning of FRS102. The financial statements have been prepared under the Charities Act 2011 and in accordance with the Church Accounting Regulations 2006 governing the individual accounts of PCCs, and with the Regulations’ “true and fair view” provisions. They have been prepared under FRS102 (2016) as the applicable accounting standards and the 2019 version of the Statement of Recommended Practice, Accounting and Reporting by Charities (SORP(FRS102)).

The financial statements have been prepared under the historical cost convention. The financial statements include all transactions, assets and liabilities for which the PCC is responsible in law. They do not include the accounts of church groups that owe their main affiliation to another body, nor those that are informal gatherings of church members.

Funds

General funds represent the funds of the PCC that are not subject to any restrictions regarding their use and are available for application on the general purposes of the PCC. Other funds designated for a particular purpose by the PCC are also unrestricted.

Restricted funds represent the funds which have accumulated from money which has been given for a particular purpose or invited by the PCC for a specific purpose. Any balance remaining unspent at the end of each year must be carried forward as a balance on that fund. The PCC does not usually invest separately for each fund. Where there is no separate investment, interest is apportioned to individual funds on an average balance basis.

Incoming resources

Voluntary income and capital sources

Collections are recognised when received by or on behalf of the PCC Planned giving receivable under covenant is recognised only when received Income tax recoverable on covenants or gift aid donations is recognised when the income to which it relates is received.

Other ordinary income

Rental income from the letting of the church premises is recognised when received.

Income from investments

Dividends and interest are accounted for when received.

Resources used

Donations

Donations are accounted for when paid over, or when awarded, if that award creates a binding obligation on the PCC. Activities directly relating to the work of the Church.

The diocesan quota or parish share is accounted for when payable.

Fixed assets

Consecrated land and buildings, the Church Hall and movable church furnishings

In so far as consecrated and benefice property of any kind is excluded from the statutory definition of ‘charity’ by Section 10(2)(a) and (c) of the Charities Act 2011 such assets are not capitalised in the financial statements.

The retention of the Church Hall is bound up with the worship, mission and ministry of the Church and is considered to be 'operationally inalienable' and is also excluded from the accounts.

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

Other fixtures fittings and office equipment

Equipment used within the church premises is depreciated on a straight-line basis over 2 to 10 years.

Investments

Investments are carried at their book cost at 31 December.

Net current assets

Amounts owing to the PCC at 31 December in respect of fees, rents or other income are shown as debtors. Short - term deposits include cash held on deposit with the Church Board of Finance of the Church of England. Amounts owed by the PCC at 31 December in respect of expenses and church maintenance are shown as creditors.

14

The Parochial Church Council of the Ecclesiastical Parish of St Mary the Virgin, Baldock

NOTES TO THE FINANCIAL STATEMENTS (continued)

For the year ended 31 December 2023

2
INCOMING RESOURCES
2(a) Incoming resources from donors
Planned giving :
Gift Aided and non-Gift Aided
Income tax recoverable on Gift Aid
Collections at all services
Donations, appeals, subscriptions
2(b) Other voluntary income
Contributions to Rectory Gas
Social & Fundraising
2(c) Income from charitable and ancillary trading
Church Hall shop & Coffee Bar
Church Hall hire
Fees
2(d) Income from investments
Dividends
Interest received on deposits
TOTAL INCOMING RESOURCES
Incoming Fees for Church Heating		 Unrestricted
Funds
£
48,351
11,859
2,304
12,209		 Restricted
Funds
£
-
-
-
25,473		 Total
Funds
2023
£
48,351
11,859
2,304
37,682
100,196
224
881
1,105
789
12,791
100
5,024
18,704
268
1,674
1,942
121,947		 Unrestricted
Funds
£
62,198
13,743
2,383
20,519		 Restricted
Funds
£
-
-
-
268,428		 Total
Funds
2022
£
62,198
13,743
2,383
288,947
74,723 25,473 98,843 268,428 367,271
224
881		 -
-		 1,000
1,970		 -
-		 1,000
1,970
1,105 - 2,970 - 2,970
789
12,791
100
5,024		 -
-
-
-		 499
8,776
300
9,478		 -
-
-
-		 499
8,776
300
9,478
18,704 - 19,053 - 19,053
-
1,674		 268
-		 -
534		 236
-		 236
534
1,674 268 534 236 770
96,206 25,741 121,400 268,664 390,064

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The Parochial Church Council of the Ecclesiastical Parish of St Mary the Virgin, Baldock

NOTES TO THE FINANCIAL STATEMENTS (continued )

For the year ended 31 December 2023

3
RESOURCES USED
3(a) Missionary and charitable giving :
Missions
Sustainability
Youth Worker
Community Sponsorship
3(b) Activities directly relating to the work of the Church
Ministry :
parish share
clergy expenses
fees
Church running expenses
insurance
heat, light and water
repairs, maintenance & improvements
upkeep of services
Rectory Gas
Organ, Choir & Music Group
Church Hall - running expenses
Church Hall shop & Coffee Bar
Resources
Gifts and Hospitality
Disabled Access
3 (c) Fund - raising and publicity
Publicity and other expenses
3 (d) Church management and administration
Office Running Costs
Secretarial assistance
Bank charges
Other administrative charges
TOTAL RESOURCES USED		 Unrestricted
Funds
£
-
-
-
-		 Restricted
Funds
£
5,501
63
100
374
6,038
-
-
-
-
-
9,903
-
-
-
-
-
39
-
340		 Total
Funds
2023
£
5,501
63
100
374
6,038
56,511
50
5,810
7,144
12,161
11,012
9
1,484
3,552
11,909
106
738
638
340
111,464
-
1,307
11,147
271
1,074
13,799
131,301		 Unrestricted
Funds
£
-
-		 Restricted
Funds
£
4,726
1,769		 Total
Funds
2022
£
4,726
1,769
- - 6,495 6,495
56,511
50
5,810
7,144
12,161
1,109
9
1,484
3,552
11,909
106
699
638		 56,994
976
6,886
6,130
7,501
961
-
664
4,319
9,735
-
395
1,956		 -
-
-
-
-
254,656
-
-
-
-
-
250
-		 56,994
976
6,886
6,130
7,501
255,617
-
664
4,319
9,735
-
645
1,956
101,182 9,942 96,517 254,906 351,423
- - 294 - 294
1,307
11,147
271
1,074		 -
-
-
-		 1,014
10,552
290
982		 -
-
-
-		 1,014
10,552
290
982
13,799 - 12,838 - 12,838
114,981 15,980 109,649 261,401 371,050

The total Salaries paid in 2023 was £13,837 (2022 £13,028) for Secretarial Assistance and Hall Cleaning.

No trustees or connected persons were paid any monies with the exception of reimbursement of expenses for items purchased on behalf of the PCC. Other administrative charges include salary administration £462 (2022 £504) and an Independent Examination fee of £564 (2022 £564)

The Parochial Church Council of the Ecclesiastical Parish of St Mary the Virgin, Baldock

16

NOTES TO THE FINANCIAL STATEMENTS (continued )

For the year ended 31 December 2023

4
SUMMARY OF INTERNAL TRANSFERS 2023
PCC Donation to Missions Committee
PCC Donation to Missions for Latin Link
PCC Advance to Audiovisual System
Legacy & Memorial (Designated) to PCC
PCC Donation to Organ Fund
SUMMARY OF INTERNAL TRANSFERS 2022
PCC Donation to Missions Committee
PCC Donation to Missions for Latin Link
Legacy & Memorial (Designated) to PCC
PCC Donation to Organ Fund		 General
(1,000)
(1,800)
-
-
-
Unrestric		 Designated
-
-
-
-
-
-
Designated
-
-
-
-
-
ted Funds
ted Funds		 Restricted
Funds
1,000
1,800
-
-
-
(2,800) 2,800
General
(1,018)
(1,800)
-
(500)
Unrestric		 Restricted
Funds
1,018
1,800
-
500
(3,318) 3,318
5
FIXED ASSETS FOR USE BY THE PCC
Tangible fixed assets
GROSS BOOK VALUE
At 1 January 2023
Additions in the year
Disposals and Revaluations in year
At 31 December 2023
DEPRECIATION
At 1 January 2023
Provided in the year
At 31 December 2023
NET BOOK VALUE
At 31 December 2023
At 31 December 2022		 Fixtures and
Equipment
£
57,326
-
-
57,326
57,326
-
57,326
-
-

Fixtures and equipment comprise the contents of the Church Hall which are held by the PCC for continuing use in its work, and lighting and fittings and equipment installed in the Church. The contents of the Hall were acquired from PCC funds or by gift.

The Church gas boiler, lighting and fittings were acquired using amounts collected into the Fabric, Restoration and Legacies & Memorials Funds.

Investment assets

Investments were held at 31 December 2023 and 31 December 2022.

These investments were enabled by specific bequests in previous years.

427 shares are held in the CBF's Investment Fund in the UK - At 31 December 2023 Historical Cost £550 (2022 £550) Market value £9,652 (2022 £8,816).

In addition, at 31 December 2023, £101 was held in the deposit fund. (2022 £101).

6
ANALYSIS OF NET ASSETS BY FUND
Fixed assets
Current assets
Liabilities
7
DEBTORS
Prepayments
8
LIABILITIES
AMOUNTS FALLING DUE WITHIN ONE YEAR
Accruals and deferred income		 Unrestricted
Funds
£
-
62,611
(4,048)		 Restricted
Funds
£
651
90,026
(4,158)		 Total
Funds
2023
£
651
152,637
(8,206)
145,082
Total Funds
2023
£
-
Total Funds
2023
£
8,206		 Unrestricted
Funds
£
-
89,216
(9,079)		 Restricted
Funds
£
651
141,288
(67,639)		 Total
Funds
2022
£
651
230,504
(76,718)
58,563 86,519 80,137 74,300 154,437
Unrestricted
Funds
£		 Restricted
Funds
£		 Unrestricted
Funds		 Restricted
Funds		 Total Funds
2022
£
- - - - -
Unrestricted
Funds
£		 Restricted
Funds
£		 Unrestricted
Funds
£		 Restricted
Funds
£		 Total Funds
2022
£
4,048 4,158 9,079 67,639 76,718

The Parochial Church Council of the Ecclesiastical Parish of St Mary the Virgin, Baldock

17

NOTES TO THE FINANCIAL STATEMENTS (continued ) For the year ended 31 December 2023

9 FUND DETAILS
FUND DETAILS 2023
RESTRICTED FUNDS IN SURPLUS AT END 2023
Tower
Robes & Vestment
Missions
Churchyard
Choir Scholarships
Community Sponsorship
Remembrance
Youth
Sustainability
Fabric
Youth Worker (Restricted)
Organ
Nave & Chancel Roof
Endowments
Disabled Access
TOTAL RESTRICTED
UNRESTRICTED
Designated Funds
Church Hall
Legacy & Memorial
SUBTOTAL
General
TOTAL UNRESTRICTED
TOTAL FUNDS
FUND DETAILS 2022
RESTRICTED FUNDS IN SURPLUS AT END 2022
Tower
Robes & Vestment
Missions
Churchyard
Choir Scholarships
Community Sponsorship
Remembrance
Youth
Sustainability
Fabric
Youth Worker (Restricted)
Organ
Nave & Chancel Roof
Endowments
TOTAL RESTRICTED
UNRESTRICTED
Designated Funds
Church Hall
Legacy & Memorial
SUBTOTAL
General
TOTAL UNRESTRICTED
TOTAL FUNDS
Audiovisual System
Audiovisual System		 Balance at
1/1/2023
2,549
140
418
57
162
1,573
315
98
136
986
40,483
4,181
2,131
20,421
651
-		 Income /
Donations
100
-
2,701
-
-
-
-
-
100
100
-
-
120
22,352
-		 Dividends /
Interest
-
-
-
36
-
-
-
-
-
-
228
-
4
-
-
268
-
-
-
1,674
1,674
1,942
Dividends /
Interest
-
-
-
9
-
-
-
-
-
-
227
-
1
-
-
237
-
-
-
534
534
771		 Costs /
Transfers
(210)
-
(2,701)
-
-
(374)
-
(39)
(63)
(3,510)
-
(100)
-
(6,183)
-
(340)		 Balance at
31/ 12/ 2023
2,439
140
418
93
162
1,198
315
59
173
(2,425)
40,711
4,081
2,255
36,589
651
(340)
74,301 25,473 (13,180) 86,519
5,014
-		 13,581
-		 (12,015)
-		 6,580
-
5,014 13,581 (12,015) 6,580
75,123 80,951 (105,765) 51,983
80,137 94,532 (117,780) 58,563
154,438 120,005 (130,960) 145,082
Balance at
1/1/2022
2,612
140
344
21
162
3,341
314
328
124
1,634
39,256
4,181
971
9,638
651		 Income /
Donations
170
-
1,982
27
-
-
-
20
12
700
1,000
-
660
263,858
-		 Costs /
Transfers
(233)
-
(1,908)
-
-
(1,769)
-
(250)
-
(1,349)
-
-
500
(253,074)
-		 Balance at
31/ 12/ 2022
2,549
140
418
57
162
1,572
314
98
136
985
40,483
4,181
2,132
20,422
651
63,717 268,429 (258,083) 74,300
5,474
-		 9,275
-		 (9,735)
-		 5,014
-
5,474 9,275 (9,735) 5,014
66,231 111,590 (103,232) 75,123
71,705 120,865 (112,967) 80,137
135,422 389,294 (371,050) 154,437

The Parochial Church Council of the Ecclesiastical Parish of St Mary the Virgin, Baldock

18

NOTES TO THE FINANCIAL STATEMENTS (continued ) For the year ended 31 December 2023

9 FUND DETAILS

(continued)

FUND DESCRIPTIONS

Fund Name Type Purpose & Restrictions
General Unrestricted General Fund for PCC
Church Hall Unrestricted Designated Fund for Church Hall Maintenance
Legacy & Memorials Unrestricted Designated Fund for Legacies donated to PCC, now closed
Tower Restricted For provision of work to maintain the Tower and Bells.
Robes & Vestment Restricted For the provision of Robes and Vestments
Missions Restricted Funds which have been raised by Missions Committee for causes outside St. Marys
Churchyard Restricted For the upkeep of the Churchyard and monuments within the churchyard
Choir Scholarships Restricted For the provision of Choir Scholarships
Community Sponsorship Restricted To support the community sponsorship programme
Remembrance Restricted For the provision of updating and maintaining the Book of Remembrance and other memorials
Youth Restricted For the provision of Youth based work at St. Marys
Sustainability Restricted For promoting and implementing changes to support the environment
Audiovisual System Restricted Funds collected via Fees for the upkeep of the Audiovisual System
Fabric Restricted Funds for the provision of the upkeep of the Fabric of St. Marys
Youth Worker (Restricted) Restricted Funds which are collected specifically to support the joint Baldock Youth Worker.
Organ Restricted For the upkeep of the Organ
Nave & Chancel Roof Restricted For the renovation of the Nave and Chancel roof
Endowments Restricted Investments enabled by specific bequests in previous years

Funds in the Legacy & Memorial Fund have been returned to the General Fund. As a consequence, the General Fund is no longer in deficit.

10 CAPITAL COMMITMENTS At 31st December 2023 the PCC had no capital commitments.

The Parochial Church Council of the Ecclesiastical Parish of St Mary the Virgin, Baldock

19

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