## **The Parish of St Gregory the Great, Dawlish, with St. George’s, Holcombe** _Address for correspondence:_ The Vicarage, 14 Shillingate Close, Dawlish EX7 9SQ ## **Annual Report and Financial Statements of the Parochial Church Council** for the year ended 31[st] December 2023 Rector: The Reverend Dallas Ayling (to February 2023) The Reverend Linda Cronin (from February 2024) St. Gregory’s Bankers: St. George’s Bankers: Lloyds Bank, Teignmouth Lloyds Bank, Newton Abbot National Westminster Bank, Exeter Independent Examiner: Independent Examiner: Mr. Brian Hodge Mr. Andrew Watson 19 Southdowns Road 4 Windward Rise, Holcombe Dawlish EX7 0LB Dawlish EX7 0PW **cofe-in-dawlish.org.uk/st-gregorys-church/ cofe-in-dawlish.org.uk/st-georges-church-holcombe** Registered Charity Number 1133187 ## **The Parochial Church Council of St Gregory’s, Dawlish, with St. George’s, Holcombe** ## **Annual Report for the year ended 31[st] December 2023** ## **Aim and Purpose** St Gregory’s Parochial Church Council (the PCC) has the responsibility of cooperating with the Incumbent (the Reverend Dallas Ayling until February 2023 and then a vacancy, the Reverend Linda Cronin is due to start in February 2024) in promoting in the ecclesiastical parish, the whole mission of the Church, pastoral, evangelistic, social and ecumenical. As well as St. Gregory’s, which is a Grade II Listed Building, the PCC is also responsible, with the support of the District Church Council, for St. George’s, Holcombe. ## **Objectives and Activities** The PCC is committed to enabling as many people as possible to worship at our Churches, and to become part of our parish family. When planning our activities, the PCC has considered the Charity Commission’s guidance on public benefit, and in particular the specific guidance on charities for the advancement of religion. Our services and worship put faith into practice through prayer and scripture, music and sacrament. We try to enable ordinary people to live out their faith as part of our parish family, through: - Worship and prayer: learning about the Gospel, and developing their knowledge and trust in Jesus; - Provision of pastoral care for people living in the parish; and - Mission and outreach work. To facilitate this work, it is vital that we maintain the fabric of both Churches. ## **Achievements and Performance** ## _**Worship and Prayer**_ The PCC is keen to offer a range of services, not only on Sundays, but also during the week, that our community will find both beneficial and spiritually fulfilling. The following services are currently offered: ||St. Gregory’s|St. George’s| |---|---|---| |1st Sunday|08.00 am BCP Holy Communion|09.30 am Holy Communion| ||10.00 am Gregs@10|| |2nd Sunday|10.00 am Holy Communion|09.30 am Morning Worship| |3rd Sunday|10.00 am Gregs@10|09.30 am Holy Communion| |4th Sunday|10.00 am Holy Communion|09.30 am Morning Worship| |Wednesday|10.00 am Holy Communion (said)|| We hold United Benefice Services when there is a 5th Sunday in the month, and a monthly evening telephone service specifically designed for those who can no longer attend worship at our churches. For these services, worship supporters visit the housebound and worship together. The Music Group at St. Gregory's supports the worship for Gregs@10 which can also incorporate a Baptism, and from time to time an informal Holy Communion Service. The organist with the choir supports the worship for the service of Holy Communion. The organist also supports the worship at St. George's with others. The use of the overhead screen at St. Gregory’s means that we have been able to be more creative in our liturgy and mixing more of the traditional and modern hymns in worship. At 31st December there were 135 parishioners on St. Gregory’s Electoral Roll and 50 on St. George’s Electoral Roll. Page | 1 The average Sunday attendance at: `o` St. Gregory’s on Sundays has been 70 - St. George’s on Sundays has been 30 At St. Gregory’s there have been 6 Baptisms (5 children, 1 adult), 1 wedding, 2 sets of Banns published and 21 funerals during the year (20 at the Church and 1 at other locations). At St. George’s there have been 5 Baptisms, 2 funerals, 4 Burials of Ashes and 1 Wedding Blessing. We have continued to provide a weekly Benefice E-newsletter, which is sent out by email or delivered by hand for those who are not on the internet. St. George’s also have a weekly newsletter and an occasional pew-sheet specifically for them, and also issue a Newsroom email which encompasses activities in other Churches and the wider community. The E-Magazine known as Coastline has been taking shape and is generally published monthly. ## _**Deanery Synod**_ Four members of the PCC sit on the Kenn Deanery Synod (one on behalf of St. George’s) This provides the PCC with a link with the churches around us and also with the Diocese as a whole. PCC meetings receive a report from Diocesan Synod, and a member of the church is currently serving as Treasurer for the Deanery Synod. ## _**Church Fabric**_ The most recent Quinquennial inspection was received in April 2022, its summary stated that the Church is generally well maintained and the main action was to follow up on roof maintenance recommendations. West Access Conservation continue to attend twice a year and while there is nothing urgent to attend to we await an estimate for dealing with their most recent findings. We have had a quote for £30,000 for maintenance for some of the windows and stonework, and we are waiting for an indicative cost for repairs to the tower pinnacles which may prove to be more urgent. ## _**Mission and Evangelism**_ The Revd Dallas Ayling retired in February 2023 but in order to use up her outstanding leave effectively left St. Gregory’s at the end of January. The Revd Linda Cronin has been appointed as a replacement and will be licenced in February 2024. During the vacancy the Church and services have been coordinated and managed by our Churchwardens, retired clergy and lay ministers, for which the PCC are extremely grateful. Richard Orr is currently training as a Lay Minister with PCC support and we wish him well. We have a website for the Mission Community, and this is regularly updated with news and information. There is a weekly Benefice Newsletter which goes out to those on email, and it has been hand delivered to those who are not able to attend throughout the year. Coastline offers a wider perspective of news both local and from around the world. All these publications are also available on the website for the public to read and we have a presence on Facebook and an Instagram presence is being arranged. There is also a Newsroom email which encompasses activities in other Churches and the wider community. The Christmas Tree Festival was held at St. Gregory's in December bringing together both church groups and local organisations, including local schools. The two local primary schools were able to return to St. Gregory’s for their Christmas Nativity productions. We have also provided a space at the Church gate at St. Gregory’s as a point of prayer for Ukraine. Page | 2 Little Gregs (our parent and child group) and Swap Shop (free clothing exchange) have continued to run throughout the year. ## **Other Activities** The PCC publishes for the Annual Meeting a separate document which details some of the activities associated with St. Gregory's. St. George's usually provide their own separate reports as well. ## **Financial Review** ## St. Gregory’s Income for 2023 was £85,929 and was considerably higher than 2022 (£68,977), but this was due to three specific factors. - We received a grant from the CofE / Diocese to offset the huge change in fuel costs - Our annual gift-aid / tax recovery is back to normal - We received two small legacies Planned giving remained steady and gives a continued element of assurance for which we are extremely grateful. Total payments for 2023 were £89,474. Even though our Common Fund commitment had reduced due to the post-covid reduction in attendance numbers it still required a substantial withdrawal from reserves to complete. Our fuel costs for 2023 were substantially higher than 2022, we were in a fixed-price deal until late 2022 so the price increases did not significantly affect us until 2023. On the surface then it appears that we only had a £3,500 deficit, but there are hidden factors. - We took £7,000 from reserves to help pay our Common Fund commitment - We used the £8,000 annual Tax reclaim that PCC had earmarked for our fabric fund - We have yet to pass on £1,500 to charities from the Christmas Tree Festival. Combined these would have given us a deficit in running costs of £20,000 However it is not all bad news. In 2023 planned giving (the Parish Giving Scheme and Bank Standing Orders) saw a small increase which will hopefully continue in 2024, and our Common Fund assessment for 2024 has reduced by another £4,000 which hopefully gives us a more achievable target. The reserves held for us by the Diocese increased in value by £15,000. Historically it has been difficult to access these reserves but they may be a consideration for our likely fabric expenses. Similarly the reserves held by the Parish have also recovered in value to show a healthy gain of £10,000 which is more readily available to us. Fuel costs will continue to be a major factor and we potentially face some significant fabric costs but following several years of significant running cost deficits this year I am more hopeful that we may be able to balance the books. Page | 3 St George’s Holcombe At £31,710, the Church Fund income for 2023 was £2,239 (7.6%) higher than 2022. Planned Giving via the Parish Giving Scheme was £9,620, slightly up £819 (9.3%) on the £8,801 received in 2022. Church expenses, including payment of £23,183 to the Common Fund, was £32,258 giving a small deficit of £545. The deficit in 2022 was £305. The payment to the Common Fund was 75% of the request. This was the amount we could afford whilst maintaining a prudent Church Fund working balance of £5,000. The Common Fund request is calculated on the basis of the number of participants (people who attend Church at least once per month). Pre the pandemic we had 50 participants but in 2023 this had fallen to 34 (68%). Like St Gregory’s, our invested reserves have been impacted by the global financial situation. We dealt with significantly increased electricity costs by restricting the use of night storage heaters. As a result electricity costs were reduced from £3,914 in 2022 to £2,040 in 2023. ## **Reserves Policy** The PCC has resolved to maintain, if possible, a balance on our Unrestricted General Fund. This equates to 50% of annual operating costs (excluding Common Fund payments and Special Projects) to cover emergencies, and for 2023 this was set at £23,000. As actual reserves were in excess of this, funds are available for the general use of the PCC, though the PCC reserve the right to adjust this policy if necessary. Restricted funds are available for Fabric and Youth work. It is our policy to invest any surplus funds with CCLA, through the CBF Church of England Deposit Fund, Investment Fund, and Global Equity Income Fund. St. George’s DCC has an equivalent policy and has set its general reserve at £15,000, and a separate reserve for Building, Curtilage and Fixtures also at £15,000. ## **Safeguarding** The PCC has complied with the duty under section 5 of the Safeguarding and Clergy Discipline Measure 2016 (duty to have regard to House of Bishops’ guidance on safeguarding children and vulnerable adults). All PCC members are DBS checked and there have not been any items of concern during the year. ## **Volunteers** The members of the PCC would like to thank all the volunteers who work so tirelessly to make our Church a lively and vibrant community. It is becoming increasingly difficult to find volunteers and new volunteers are always welcome. Our special thanks go to our Churchwardens, Leena Halse and Richard Sulch. ## **Structure, Governance and Management** The method of appointment of PCC members is set out in the Church Representation Rules. The Council comprises the Incumbent, the Churchwardens, a representative of the Readers, those elected to the Deanery Synod, and other members who are elected at the Annual Parochial Church Meeting, by those on the Electoral Roll. Members of the congregation are always encouraged to join the Electoral Roll, and to consider standing for election to the PCC. The PCC members are responsible for making decisions on all matters of general concern and importance in the parish, and for all financial matters. The full PCC met six times during the year at St. Gregory’s. The PCC has a Standing Committee which meets before the PCC to establish the agenda and responds to any emergency decisions which are required. It has one sub-committee, which is the Fabric Working Group who undertake some of the work identified in the Quinquennial and any other fabric issues which need addressing. The PCC employs a Parish Administrator to support the work of the church. The Revd. Dallas Ayling retired in February 2023, since then we have a vacancy which will end with the licencing of the Revd Linda Cronin in February 2024. Page | 4 ## **Administrative Information** St. Gregory’s is situated at Church Street, Dawlish, EX7 9QR (a change this year as we can now accept post at the Church and have been assigned a postcode), and is part of the Deanery of Kenn in the Diocese of Exeter. St. George’s is situated at 4 Hill View, Holcombe, Dawlish EX7 0JU The Parish Office can be contacted at 01626 864322 or st.gregs@btinternet.com. The PCC is a body corporate (PCC Powers Measure 1956, and the Church Representation Rules 2020) and registered with the Charity Commission (No. 1133187). PCC / DCC members who have served from 1[st] January 2023 until the date this report was approved were: ||**St.**|**Gregory’s**|**St.**|**George’s**| |---|---|---|---|---| |**_Ex Officio_**||||| |**Incumbent**|Rev’d Linda Cronin|
From February 2024||| ||Rev’d Dallas Ayling|
Until February 2023||| |**Clergy**||||| |**Reader**|Will Halse|||| |**Churchwardens**|Leena Halse||Barbara Rains|| ||Richard Sulch||Michael Burden|| |**Deanery Synod**|Cath Chappell|Until April 2023|Ann Leigh|Until 2026| |||||DCC Secretary| ||Andrew Fuller|||| ||Will Halse|||| ||Cathy Slade|||| |**Elected Members**|Michael Moulds|Until 2023|Peter Dummett|Until 2026| |||||DCC Treasurer| ||Cathy Slade|Until 2023|Ann Say|Until 2026| ||Jennifer de Lange|Until August 2022|Brian Lewis|Until 2026| ||Nicola Twibill|Until 2024|Angela Thomas|Until 2026| |||PCC Secretary||| ||Ian Andrews|Until 2024||| ||Richard Orr|Until 2024|Liz Hawarth|Until 2025| ||Janice Smith|Until 2024|Marilyn Chamberlain|
Until 2025| ||Keith Chambers|Until 2025|Val Baker|Until 2025| ||Linda Chambers|Until 2025|Jane Pearce|Until 2025| ||Sharyn Coope|Until 2024||| ||Ann Lunn|Until 2024|Brian Pearce|Until 2024| ||Gill Brown|Until 2026|Mike Kinsey|Until 2024| ||Roz Smith|Until 2026||| ||Jo Workman|Until 2026||| ||Sue Hill|Until June 2023||| |**Co-Opted**|Paul Jones|Until 2023||| |||PCC Treasurer||| ||Cathy Slade|Until 2023 - H&S Rep||| ## _**Approved by the PCC on 11[th] April 2024 and signed on its behalf by:**_ ……………………………………. …………………………………… **Rev’d Linda Cronin (Chair) Paul Jones (Treasurer)** Page | 5 CHARITY COfvIMISSION COR ENGLIIND AMD IIIALES Independent examinerfs report on the accounts Iiidepenrtgn+ ExHiTtiriP.r"s Report Reportto trustees of I St Gregory's ParothBI Churth CounaL D8vljsh On accounts forthe year i 31$ Dec¢mber2023 ended ', Clwity no (l any) i 11&8187 Sot out on pages '. 8-12 R8spective Thè chartys In￿e8$ are forlhe prnparalm ofthg 8¢CQUtrts. responsI￿.11t1eS of The cJiarity'$ trLth4s considwthat ￿ a￿lIt 15 nDt rBqiured forthis year trt*tee¥ and exami￿ UfKYer$eebon 144 of the Charittas Ad 2011 (the Ch8rttes Act) and that an independent ey£rrinatien Is needed. It is my re5p)nsibifty to.. E1Xa￿￿e accou￿ u￿jar seclk)n 145 ofthe Chaiiiies A to fOl￿W the prnf*dures18KI d¢MJ tn the generdl Dwe(*ons given by Ihe Ch8rny CowrFtsslon I￿r￿eTse￿I¢n 145{5)(b) ofthe Charttles AGt. and to state Wheth￿ partI￿[ar matt?ts have come to my attention. 8a$is of Inde￿n￿&Tht My wamination was ca￿1*d out In 8co)rdanae wilh general Dlrecllons olv¢n examln•Vs statemont by the Ch8rlty Gommisston. An exarth)ats)n Indudes a reth ofth8 8ccounting r¢g)rd3 kept bythe and a cctnpaiison of Ilto 8¢¢ounts psented with those records. tt also inchjdes consittwation of any ur¢usual Iterts or disLYosures in the £owunts and seeklng e4thaliot)s fromtho tNsiees Con￿ming arty such mattets. The pN)cedur8s undertaken do not proiride all the emdence that ivould be r¢quired ift 8n audrt. and consequontty no opinlon H given as to wt*ther the accounts present a and fairf view, the report ￿ Wnthed to those matters sel oui in stslèrnenl bek)w. Independent In coftieiknn ivith trry eyaNMnation, no matertal Matte￿ have to my •xamln•rfs 8tatem•nt attenth)n whith gNes me cause to bdkve thai in, any matert21 resw: acwiftting recorfs wer¢ not kept in 8W)fd8nc* wkh sectkjn 130 ot the Charitios At# or the accounts do notacoxd wth Ihe attourrting records I have Come acrnss no rknerrn8tters in ttsnne¢ap)n iylh Ihe exarThr￿1On 10 hith 8ttenb"OE1 should r* th￿rn In orderio gn8bk a wJperurydet5tandir4 of thè accounlsto be reathed. Dale: ' 2nd Apol Ae.?.4- *1p. Flc•D&T Relewdrt professional qt*iincatlon(sl or body ., lrfanyl: , ￿..41.￿. 1x7 OL **----- Start of picture text -----**
Parochial Church Council of St Gregory’s, Dawlish
FINANCIAL STATEMENTS - Year ended 31 December 2023
RECEIPTS AND PAYMENTS ACCOUNT
Unrestricted Designated Restricted
General Legacy & Parish Trust TOTAL TOTAL
Note fund fund funds 2023 2022
£ £ £ £ £
RECEIPTS
Voluntary receipts:
Tax efficient planned giving 1 40,748 - - 40,748 40,351
Collections at services 1 6,720 - - 6,720 6,038
Gift Aid income tax recovered 1 13,572 - - 13,572 5,800
All other voluntary receipts 2 6,050 - 2,180 8,230 818
67,090 - 2,180 69,270 53,007
Activities for generating funds 3 4,937 - - 4,937 2,657
Investment receipts 4 6,105 - 371 6,476 5,824
Receipts from church activities 5 6,559 - - 6,559 7,489
Other receipts 6 650 - - 650 -
Total receipts 85,340 - 2,552 87,892 68,977
PAYMENTS
Church activities:
Diocesan parish contribution 7 44,392 - - 44,392 49,914
Mission giving and donations 7 5,196 - - 5,196 8,638
Church salary, clergy and staff expenses 7 7,738 - - 7,738 7,825
Church running and office expenses 7 4,798 - - 4,798 8,185
Church utility costs 7 22,173 - - 22,173 12,591
All other church costs 7 3,157 - - 3,157 8,970
87,455 - - 87,455 96,123
Cost of generating funds 8 - - - - 100
Other costs 9 2,020 - - 2,020 20,000
Total payments 89,475 - - 89,475 116,223
Excess of (payments) / receipts (4,134) - 2,552 (1,583) (47,246)
Transfers between funds 11 7,000 0 (7,000) 0 0
NET MOVEMENT IN FUNDS A 2,866 0 (4,448) (1,583) (47,246)
FUNDS RECONCILIATION
Total Cash funds at 1 January B 40,776 0 13,376 54,152 101,398
Total Cash funds at 31 December A+B 43,642 0 8,927 52,569 54,152
**----- End of picture text -----**
Page | 7 |**Parochial Church Council of St Gregory’s, Dawlish**|**Parochial Church Council of St Gregory’s, Dawlish**||||||| |---|---|---|---|---|---|---|---| ||||||||| |**FINANCIAL STATEMENTS - Year ended 31 December 2023**|||||||| ||||||||| |**STATEMENT OF ASSETS AND LIABILITIES**|||||||| ||||**Unrestricted**|**Designated**|**Restricted**||| ||||**General**|**Legacy**|**& Parish Trust**|**TOTAL**|TOTAL| |||**Note**|**fund**|**fund**|**funds**|**2023**|2022| ||||**£**|**£**|**£**|**£**|£| |**Investments**|||||||| |CCLACBF InvestmentFund (Reserves)|||**44,130**|**-**|**-**|**44,130**|39,204
44,470
162,451| |CCLACBFGlobal EquityIncomeFund (Legacy)||10,11|**-**|**54,567**|**-**|**54,567**|| |DBF ManagedParish TrustFunds (RestrictedEndowments)||10,12|**-**|**-**|**177,868**|**177,868**|| ||||**44,130**|**54,567**|**177,868**|**276,566**|246,125| ||||||||4,906
37,651
3,295
8,300| |**Cash Funds**|||||||| |BankCurrentAccounts (includingfor RestrictedFunds)|||**3,679**|**-**|**1,882**|**5,560**|| |CCLACBF DepositFund (Unrestricted)|||**34,248**|**-**|**-**|**34,248**|| |CCLACBF Fabricfund (Restricted)||10,11|**-**|**-**|**3,400**|**3,400**|| |CCLACBF Youth fund (Restricted)||10,11|**-**|**-**|**8,566**|**8,566**|| ||||**37,927**|**-**|**13,847**|**51,774**|54,152| ||||||||-
-| |**Other monetary assets**|||||||| |Gift aid claimbutnotreceived by end ofyear|||**-**|**-**|**-**|**-**|| |Otheramounts due to bereceived by end ofyear|||**-**|**-**|**-**|**-**|| ||||**-**|**-**|**-**|**-**|-| ||||||||-
-| |**Assets retained for church use**|||||||| |Church Hall(Owned byDBF)|||**-**|**-**|**-**|**-**|| |AssetsretainedforChurchuse (equipment at £Nil value)|||**-**|**-**|**-**|**-**|| ||||**-**|**-**|**-**|**-**|-| ||||||||-
-
-| |**Liabilities**|||||||| |Outstandingloans payable byPCC|||**-**|**-**|**-**|**-**|| |Unpaid employment costs at end ofyear|||**-**|**-**|**-**|**-**|| |Othercosts paid afteryearend|||**-**|**-**|**-**|**-**|| ||||**-**|**-**|**-**|**-**|-| ||||||||| |The**Financial Statements of the PCC**have been prepared in accordance with the Church Accounting Regulations 2006 using the Receipts and Payments basis.|||||||| ||||||||| |The **Designated fund **relates tomoney givento the Church in**Legacies**whichthePCCwould prefertoretain forprojectwork.|||||||| |The **Restricted funds**relate to the provision for**Church Fabric, Youth and Mission Community (HCMC) activities**.|||||||| |The **Restricted Parish Trust funds**relate to **Endowments the Diocese holds on behalfof the PCC.**|||||||| ||||||||| |All investments are re-valued eachyear,with the latest valuation date being31 December 2023.|||||||| ||||||||| |In line with the PCC Reservespolicy,and on the recommendation of the CofE,apercentage of General reserves were transferred to|||||||| |an Investment Fund for an improved return. For the same reasons,the LegacyFund was invested in a Global EquityIncome Fund.|||||||| ||||||||| |**Approved by the PCC on 11th April**||**and signed on its behalf by:**|||||| ||||||||| ||||||||| ||||||||| ||||||||| |**Rev'd Linda Cronin(Chair)**|||**Paul Jones(Treasurer)**||||| ||||||||| Page | 8 **----- Start of picture text -----**
Parochial Church Council of St Gregory’s, Dawlish
NOTES TO THE FINANCIAL STATEMENTS - Year ended 31 December 2023
Unrestricted Designated Restricted
General Legacy & Parish Trust TOTAL TOTAL
Note fund fund funds 2023 2022
£ £ £ £ £
1. Planned giving
Tax efficient planned giving 40,747.77 - - 40,748 40,350.50
Other planned giving - - - - -
Collections at services 6,720.15 - - 6,720 6,037.73
Gift Aid income tax recovered 13,572.13 - - 13,572 5,800.07
61,040 - - 61,040 52,188
2. Other voluntary receipts
Grants 4,930 - - 4,930 -
Donations - Restricted Fabric Fund - - - - -
Donations - Restricted Youth Fund - - - -
Donations - Restricted Mission Community Fund (HCMC) - - 160 160 50
Legacies - - 2,021 2,021 -
Non-recurring donations and appeals 1,120 - - 1,120 768
6,050 - 2,180 8,230 818
3. Activities for generating funds
Gross receipts (Fundraising for church only) 860 - - 860 826
Gross receipts (Fundraising for other charities only) 4,077 - - 4,077 1,831
Sale of old pews - - - - -
4,937 - - 4,937 2,657
4. Receipts from investments
Dividends from CCLA Investment Funds 1,713 - - 1,713 1,704
Interest from CCLA Deposit General Reserves Fund (Unrestricted) 2,696 - - 2,696 3,843
Interest from CCLA Deposit Fabric Fund (Restricted) - - 30 30 126
Interest from CCLA Deposit Youth Fund (Restricted) - - 75 75 151
4,409 - 105 4,513 5,824
5. Receipts from church activities
Fees from weddings and funerals 3,740 - - 3,740 6,163
Gross receipts (Other) 2,537 - - 2,537 804
Projects - Other - - - - -
Projects - Youth - - - - -
Projects - Community (Defribrillator) 282 - - 282 523
6,559 - - 6,559 7,489
6. Other receipts
Loans received - - - - -
Sale of investments 650 - - 650 -
650 - - 650 -
**----- End of picture text -----**
Page | 9 **----- Start of picture text -----**
Parochial Church Council of St Gregory’s, Dawlish
NOTES TO THE FINANCIAL STATEMENTS - Year ended 31 December 2023
Unrestricted Designated Restricted
General Legacy & Parish Trust TOTAL TOTAL
Note fund fund funds 2023 2022
£ £ £ £ £
7 Church activities
Diocesan parish contribution 44,392 - - 44,392 49,914
Mission giving and donations 5,196 - - 5,196 8,638
Salary costs (parish administrator) 6,434 - - 6,434 6,171
Clergy and staff expenses 1,304 - - 1,304 1,654
Church expenses on mission and evangelism - - - -
Church running expenses 3,518 - - 3,518 6,242
Church utility costs 22,173 - - 22,173 12,591
Church office and printing costs 1,280 - - 1,280 1,944
Major repairs to church building (funded by transfer from Restricted Fund) - - - 7,964
Projects - Kitchen - - - -
Projects - Church Office - - - -
Restricted Fabric Fund (Project - Kitchen Roof Repair)
Restricted Youth Fund (Project - Swap Shop) - - 190
Restricted Mission Community Fund (HCMC) - - 63
Other expenses 3,157 - - 3,157 753
87,455 - - 87,455 96,123
8. Cost of generating funds
Fundraising activities - - - 100
- - - - 100
9. Other costs
Loans repaid - - - - -
Buy CCLA CBF Investment Fund Accum. Shares (Reserves) - - - 20,000
Buy CCLA CBF Global Equity Income Fund Accum. Shares (Legacy) 2,020 - - 2,020
2,020 - - 2,020 20,000
**----- End of picture text -----**
Page | 10 ## **The Parochial Church Council of the Ecclesiastical Parish of Dawlish** **with Holcombe, Cofton and Starcross** **Registered Charity 1133187** ## **St George the Martyr Church, Holcombe** ## **Treasurer’s Report** The final accounts for 2023 are attached. These provide an overall view of the finances of St George’s for 2023 and of the financial position at the 31[st] December 2023 The accounts, which are prepared on a receipts and payment basis, were approved by the D.C.C. at the 13[th] March 2024 meeting. ## **Church Fund ---** Giving, whilst a little higher than last year, was still below pre-pandemic levels. By keeping contributions to the Common Fund to 75% of the assessment a small deficit of £548 was incurred for the year. This enabled a prudent cash balance to be maintained. The cash balance at the end of the year stood at £5,233. ## **Giving --** Planned Collections Total Giving and Other Giving 2018 £12,308 £4,152 £16,460 -8.1% 2019 £11,331 £5,452 £16,783 +2.0% 2020 £10,299 £4,877 £15,176 -9.6% 2021 £9,592 £4,604 £14,196 -6.5% 2022 £9,670 £5,356 £15,026 +5.8% 2023 £10,154 £5,178 £15,332 +2.0% The Parish Giving Scheme is used by 13 households covering 17 members of the congregation. This scheme brings benefits in terms of financial and Gift Aid Tax Rebate administration, cash flow and inflationary increases. I would encourage everybody to consider using this method of giving. ## **Gift Aid --** The “Small Donations” scheme enables us to claim Gift Aid Tax Rebate on individual cash giving not otherwise gift aided. In our case the limit of £8,000 per year enables all eligible giving to qualify for gift aid tax relief. Whilst most of our Gift Aid Tax Rebate is recovered via the Parish Giving Scheme some has to claimed direct. This claim has not been made recently. I have received the paperwork and will be bringing this up to date in the near future. ## **Common Fund –-** As we are not providing an additional member of the clergy via our “House for Duties” position we pay our contribution entirely in cash. During 2023 we paid 75% of the assessment and also paid the 1st October to 31[st] December 2021 arrears of £1,585 and the 1[st] January to 30[th] June 2022 arrears of £3,239. At the end of the year the arrears were £9,358 - £3,239 in respect of 1[st] July to 31[st] December 2022 and £6,119 in respect of 2023. In the current circumstances we will, whilst maintaining a Church Fund cash balance of £5,000, continue to pay 75% of the assessment. The situation is being constantly reviewed and when possible payment of the arrears will be made. The Diocesan Director of Finance is understanding of our position. ## **Sweetbriar Fund ---** The letting agents, Dart and Partners, provide an efficient management service. The tenants pay the rent reliably and look after the property. Maintenance costs of £2,823 however resulted in a deficit of £627 for the year which increased the total cash deficit to £1,563. This is covered by an internal ‘loan’ from the Legacies Fund and should be cleared over the next two or three years. ## **Legacies Fund ---** The restricted element of the fund was used to pay £2,160 for remedial to the Church electrical system and £1,314 for acoustic wall panels in the Church Room. At the end of the year, having financed the Sweetbriar Fund cash deficit, the Legacies Fund cash balance stood at £59,845. ## **Thanks ---** My thanks go to those who have, in various ways, assisted me during the year, to Andy Watson for examining the accounts and those who, directly and indirectly, have quietly supported St George’s financially. ## **Peter Dummett** 29[th] March 2024 The Parotbial CbMr¢b of the EccltsiastK21 Par¥b of Dawlish with Cofto# athd Stsrrr055 •4Ch**1tJJ11T AnNIlG•(￿l1d••tvty.1￿Its￿2o24 1*3>t 7w76 31.mse p*yTh 211￿•1 4115 1¢ T￿75 JS.l?654 4.4T3.T• 4fW6 JT•P* 12.IX 450.SW.00 .zs Efi.4ty03 .￿67 $1.7n.6Y Funds- 1slJ&wy37lJ 3.170m -35* 151Jww XQ3 2*04 A*li¢W XI￿02 473rn 177 61.4oe.01 c4• 120.F2 453.34D.41 IXVA 2$ 107.J 1170• g5X24 7.J14.11 •AM.TT •&m.*p OT ## **Parochial Church Council of St Gregory’s, Dawlish & St. George's Holcombe** ## **FINANCIAL STATEMENTS - Year ended 31 December 2023** ## **RECEIPTS AND PAYMENTS ACCOUNT** |**RECEIPTS AND PAYMENTS ACCOUNT**|||||||| |---|---|---|---|---|---|---|---| |**Note**
**RECEIPTS**
**Voluntary receipts:**
Tax efficient planned giving
1
Collections at services
1
Gift Aid income tax recovered
1
All other voluntary receipts
2
**Activities for generating funds**
3
**Investment receipts**
4
**Receipts from church activities**
5
**Other receipts**
6
**Total receipts**
**PAYMENTS**
**Church activities:**
Diocesan parish contribution
7
Mission giving and donations
7
Church salary, clergy and staff expenses
7
Church running and office expenses
7
Church utility costs
7
All other church costs
7
**Cost of generating funds**
8
**Other costs**
9
**Total payments**
**Excess of (payments) / receipts**|**Unrestricted **
**General**
**fund**
**£**|**Designated**
**Legacy**
**fund**
**£**|**Restricted**
**& Parish Trust**
**funds**
**£**|**TOTAL**
**2023**
**£**|**St. Gregory &**
**St. Georges**
**St. George**
**2023**
**2023**
**£**
**£**||
TOTAL
2022
£| ||**40,747.77**
**6,720.15**
**13,572.13**
**6,049.62**|**-**
**-**
**-**
**-**|**-**
**-**
**-**
**2,180.38**|**40,747.77**
**6,720.15**
**13,572.13**
**8,230.00**|**10,153.92**
**3,497.93**
**2,057.90**
**1,680.00**|**50,901.69**
**10,218.08**
**15,630.03**
**9,910.00**
**86,659.80**
**5,875.41**
**8,763.21**
**17,653.40**
**650.00**|| ||||||||40,350.50
6,037.73
5,800.07
818.49| ||**67,089.67**
**4,937.16**
**6,105.14**
**6,558.50**
**650.00**|**-**
**-**
**-**
**-**
**-**|**2,180.38**
**-**
**371.29**
**-**
**-**|**69,270.05**
**4,937.16**
**6,476.43**
**6,558.50**
**650.00**|**17,389.75**
**938.25**
**2,286.78**
**11,094.90**
**-**||53,006.79
2,656.75
5,824.13
7,489.11
-| ||**85,340.47**|**-**|**2,551.67**|**87,892.14**|**31,709.68**|**119,601.82**|68,976.78| ||**44,392.00**
**5,196.26**
**7,738.20**
**4,797.79**
**22,173.27**
**3,157.15**|**-**
**-**
**-**
**-**
**-**
**-**|**-**
**-**
**-**
**-**
**-**
**-**|**44,392.00**
**5,196.26**
**7,738.20**
**4,797.79**
**22,173.27**
**3,157.15**|**23,182.61**
**714.75**
**836.50**
**10,326.06**
**-**
**726.62**|**67,574.61**
**5,911.01**
**8,574.70**
**15,123.85**
**22,173.27**
**3,883.77**
**123,241.21**
**90.00**
**2,020.00**|49,914.00
8,637.84
7,824.81
8,185.17
12,591.47
8,969.95| ||**87,454.67**
**-**
**2,020.00**|**-**
**-**
**-**|**-**
**-**
**-**|**87,454.67**
**-**
**2,020.00**|**35,786.54**
**90.00**
**-**||96,123.24
100.00
20,000.00| ||**89,474.67**|**-**|**-**|**89,474.67**|**35,876.54**|**125,351.21**|116,223.24| ||||||||| ||**(4,134.20)**|**-**|**2,551.67**|**(1,582.53)**|**(4,166.86)**|**(5,749.39)**|(47,246.46)|