REGISTERED CHèlRITY NUMBER: 1133566 REPORT OF THE TRUSTEI ES AND IJNAUDTfED FINANCtAL STATEMENrs FOR THEI YEAR ENDED 31 DECEh(BER 2023 FOR THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF THE ABBEY CHURCH OF THE HOLY CROSS PERSHORE Clifion-crick Shgtp & Co. Ltd Chartered Accol￿tantS 40 Hi¥h Streel PeTsliore WorG¢slershiJ'e WRIO IDP THE PAROCHtAL CHtlliCH COUNCIL OF THE ECCLESIASTICAL PARISH OF THE ABBEY ClllJRCH OF THE HOLY CROSS PEI RSHORE CONTENTS OF THE FtNANCIAL STATFF¥tENTS FOR THE Y&AR ENDED 31 DECEMBER 2023 PAge Refergnce And Admlnlgtrfifive Detali8 Refeyence and AdinlNlstradve Delglls Report of th¢ Ti'ustees Indepffident Exwmlner's Re￿rt St&tement ol'nlloMtIAI Aetlvltlts Balgnee Sheet io Cash Flow Statement Notes to the Cash Flow Statement 12 Nott$ to the Fin4nei81 St*t¢ment5 13 to 28 Detslled Stateme￿t of Fthanclal ActiiAtles 29 to 31 THE PAROCHIAL CHURCH COUNCIL ofi THE ECCLESLISTICAL PARISH ofi THE ABBEY CHURCH OFTHE HOLY CROSS PERSHORE REFERENCE AND ADMINISTtL4TtVE DETAILS FOR THE YEAR NDED 31 DKCICMBER 2023 PRINCIPAL ADDRESS Persl)ore Benefice oftfice Alv¢ston House 11 Broad Stsyet Per$hor¢ WRIO IBB RECISTERED CHARITY NUMBER 1133566 INDEPENDILNT EXAMtNER Clifton-ci'thck Sharp & Co, Lid Chart￿ld Accoufttants 40 High ShE¢I Pershore Worc¢bl¢rshire WRIO IDP SOLIcfTORS stsllaiyl tslarch & Edwacd5 LLP Worcesfrr BANKF.RS Barclays Bank Plc. Wojrester Pagc I THE PAROCHIAL CHURCH COUNC￿ or TH ECCLESIASTICAL PARISH OF THE ABBEY CHURCH OF THE HOLY CROSS PERSHOR REfiCRENCE AND ADM]NISTRATIVE DETAILS FOR THE YEAR ENDED 31 DECEMBER 2023 Vlcar The lievd Caiwn Claiir Loi'dii As5&Stant Curate Tlie Revd Jayne PaTk¢r {froin 12 Septem)b￿'2023) Be&der Mr Peler Slansbie Church WaYd¢ns B Suzanne Clarkc Mrs Saillantb& Andr¢ws Dtraiiery Synvd Representatives Dr Juditii Dale Nlr Robin Hancox (until 2 May 2023) Mrmarlin Fowler (fiDm 2 May 2023) LAY Repre5entxtlvey frs Jcan Attdrews Mrs Ann Bray Mrs Susun D¢Dley MT Robin Hancox (until 2 May 2023) Mr David Long Mts S&Ddra Long Mv WÉlliHm Newmall Mts Sarali Thonjsthi Mr AnthOt)yWii￿t-J0Thes (until 12 September 20231 Secretory to th¢ PCC Mys SaT& Speed IL&y Repre$enlaliv¢) HonoiTrry Treasurer* ￿￿tAtement of Legal St&tu Mr Edward Denley (Lay Rcprcscnt&tive) Paga 2 THE PAROCHIAL CHURCH COUNCtL OF THE ILCCLESL4sficAL PARISH OF THE ABBEY CHURCH of¢ THE HOLY CROSS PERSHORE REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 DECEMBER 2023 The trustees pr￿6￿1 their r¢port with th¢ flnancial statelliea]ts of thr chai'ity for the ye8r ended 31 Deceimb￿. 2023. The ttuslecs have adopted the provisions OF AccoiiTkliiig and ReP￿ting by Charitie5.' Slatement of RecoiJunendcd P￿ctIce applicable to charfftties preparing th¢ii aGGounts in accordance with tl* Financial Reporting Standard applicable in the UK and R¢publiG tsf bEland (FRS 102) (effeetive l Ja￿￿ary 2019). OBJECTIVES AND ACTIVITIES Objectives And &¢livltles for the publlc b¢nefit The Mission Slatanent adopt¢d by the PCC read5 'To be a Church comtnunity whtch respunds lo God'$ love in wotship and action, welcoine5 all in the n￿lle of Jesus Christ and reacltrs oiit 10 the world itt lh¢ power ofthe Spirii. W¢ se¢k to be a Kingdom people., The PCC is committed kn welcomiLig eveiyone who withes to worship in the AbbEy and to building th¢ Christian ¢otnmunity of Pershoiy through services, worshipi pr&yer, music and sawmeDt, Wben planning its ￿tIvities, th¢ PCC has consÉd6r¢d tli¢ Charity Coiyuni5sion's ¥uid&nce on public benefit and, in Porli¢ulai' the supplemelltary ￿lIdance on clvi'ilies for the adv8ftce1n￿it of religion. In tliis it eiideavours to enobl¢ ordittary ptoplf to liv¢ out tlieii. faith 48 part of thc p&rish commuDity through woJ%liEP and prkyer, pastoiil ￿re &iid niissionary and oubra¢h work. The PCC 18 responsible foi. the Abbey Church the parish eentre of St Andrew's. The maintenance of these IMiildittgs> so that they are acces%ible to tlie general public and provide a veniie for ¢oJicerts and eivic events are availoble as a resourcc loy th¢ c(mimuiiity, is at the lieart of its chariiabl¢ obJ￿tives. ACHIEVEMENT AND PERFORMANCE A Yeytew of aLblevem¢nl% performance A r¢vi¢w uf achievemeiils aiid perfOrn￿llec Full details of the r¢ports from the Vicgr. LThurchward¢ns and th¢ various groups active withsn the parish are set ovl in a bookl¢tpresented lo tli¢ Annual Meeting. Attendance The stali8tic8 foT the year. with comparisons to 2022, aiE 85 follows.. 2023 2022 No. Boptlsm Under l year A¥¢d 1-12 A8ed 13+ 10 27 29 (and Total Attendance) EHst¢rDay ChTÉStmas {in¢ludit)g Christmgs Eve) 216(269) 268(919) 182(2301 22317861 Norm81 sil￿d#Y Artendances Adiilis Chilth¢n 141 138 Occasivn#l Servlces Weddings Blessings of Marriage Fulleiil8- In Abbey FLincThls- In Cr¢iiwtorlillll 10 29 18 30 20 Pa8e 3 THE PAROCHtAL CHURCH COUNC￿ ofi THE ECCLESIA%ficAL PARISH ort THfi, AJIBKY CHtIRCH OF THE HOLY CROSS PERSHORE RKPORT ofi THE TRUSTEES FOR THE IqLAR ENDED 31 DECELVIBER2023 ACHIEVEMENT AND VERFORMANCf Revlew of the YeAr It felt as if 2023 was the year that Abbey life return¢d prop¢Ay b&ck tc noml and il was most e￿o￿ra¥ll]g lo See thyt the numbei. of people attendil￿g woisliip in person I￿8 ittcrcased back to pre-panden)ie fi￿7reS. We are alw able to celebi?te those wllo have stalled atte￿ding (he Abbey li) tli¥ Pubt yeai., whether they are people who have Inoved illto the aiEa or those who have just dtsCov￿rd the Abbey. It is very gaixt news thgt oui. aveyage Suiiday attendallee has gone (TrvEI' 140 and also vffly encouragiEJg that the congregarions at botl) Esster and Chiisttn8s w¢re sigoilJ¢aoily up on last yca¢s figures. These are all stgns of the eonfidence thzt has ￿tt)rned and Ihe kllcfit of ta¥geled and suslained M￿l'k¢11llg ¢ampaigrn8 VIE) di(ferent media, which ensures that the Abbey's activity is wmmLini¢4t¢d ocross the town and beyond. Wc have ci)ntinued to build up our ¢)nlii* woishippins community, with viewijig figures ranging from 75 to ovtt 600 per servi¢¢. Mamy of thos6 people will bave watthed the SPAvi¢e live. but mally catch up oil worship when it IS CDnv¢ni¢nt to Ihem. Thi8 flexibility in our uffering is Teally eneoura¥iDg, The lon8 Woiship sei.vice LontÈnues as R hybrid seryice, enabling pwijle to ¢11005e whetlier to worship irl pctson or on Zoom. This has et)abled participation froin across the county. Tlie Zooni Compline group ha8 wel¢otEied som¢ new ]xople andlias cotksistently good attenda￿Ce. AnolF￿ sigllificant area of growth ha8 been oyr sacial media pr¢b¢n¢e. Our followe]s have grown for th¢ fifth year in a rDW and our wntent is highly regal￿ed by the Diocese of Wor¢estpJ', whi¢h is so atyiiining. We now have 445 subsci'ibcrs to YouTiibe (coinpared with 351 in 2022), 1032 followeJ% oi) Tracebook Icoinpai¢d wiik 862 IJJ 2022) and 821 lollowers on Instagrain (coinpared to 585 in 2022). Tliese Bre Én¢redible figures attd Mnind us th&t ￿ Rre Able to reach many illore thosc whom wc plJysicÈlly.see in Chu￿￿. The number of bapt5￿￿S, weddings, and fimerals we were 28kcd to conduct duiiiig tht year wa$ veiy similar io last yegr. We gtve thanks that wb ar¢ invited to join with fainili¢s At times of gre&t joy and of grcat sadncss, gnd that even ITh increasingly secular world, th¢re 18 a place foy a religiou5 Service forma]iy of our families. RecogTrising our need ¢0 grow ¢h¢ num￿l. of children and young people in otsi. congregatioll. in 2023 tlie PCC cominitted itself to a Health and Sustainability Pldn which has child]w] and fainilies and its heart. Ti)is irsulted in successful bid to the Diocese of WoicesteL'S HtralihEa church￿ Fulld foi. five years of for a Childi'¢n 8nd FamÈlies Woi'kei, Sam Allthrws was appoii)led and wokn on a part tiine basis, w￿.kill￿ aloM¥sid¥ Babi¢& Toddlers, Café Cliurcli, i?nd Dilicr pre-¢xisltng ¢lJildren's outtEaeh work, as well as developitig t]ew schools, at)d child￿l),S eveiils. This is slowly starting lo bc&i' ftuit with s¢v¢ral faniilies t)ow atte1￿li]g Café Church and soii)e of these f￿])111CS sometimes crossing over to the 10'.30 service. The ¢ompletioM of the instsllation of (he new Ruffatti organ was a bigh]ight and the $ii¢cwful Orgyn F¢5tival will go down a5 ali absolute ttiiiinph. The new orgatl lias also resiilteil in visits fi'ojn Organists, A980¢141ions acTO8$ the ¢ow)liy an(t in¢i'eabe iii orgall related concerts. A thll concErt piY)graiMme has beeii ai)othei' sign that life has very much rethmcd lo tionnal for the Abb¢y as a coneertvaiu¢. St Andrews Centre has r¢m4illed busy, aJd we ￿'t pleased Ihat so many cf our hireEs colltillue to sh2re kingdom Yalu¢s in their oulLEach to others, The biiildin8 itself r¢inains a coiicem we I￿ve St￿l￿ the process of lJkitig over owiier81iip of t1￿ ￿lIldIllg from th¢ Diocc5e, which we believe will eiTrabl¢ us to a¢¢tss greater fi￿d]llg oppoitllnities. It has been o year of &ppointmeDts. fo support the of ev¢nl8 &tJd con¢¢rt5 we weft pleased to appoint Stevie ￿ll¢k tts oiir ncw Eyellts Co-oiY]illator at the Abbey. We sadly said ¥oodbye lo Gail Andirws its th¢ Office, aft¢r years of incredible worl but w6r¢ very pleased io appoinr and welcome Fiona Hoggard to work alongside Elizabeth B&mett in the OffiLe. We also said goodby¢ and happy relireniefjt lo our Director of Muslc, Jol)n Wild¢rspin. He left the music life of the AbbEy in go(Kt 51iape> aiid we weiE foi'tunale to be able ro Call on sever&1 veiy able orgat)ists wlio weie able to work iti ali intei'im capacity as we souglil a peiThaiieiit appointtll&it foi'a new Directorof Music ITh 2024. We giv¢ thanks for tlie majjy volunte￿3 who sh&i"e in the life of the Abbcy, without whoiu none of 01￿ niisSlOll aDd I￿InISt1Y wuld b¢ fuifilltd. W6 liavc given ¢liftnks foi. FJiAlly h¢w vvlunietrs givi￿g of Ilieir liinc dLifiTh8 Ihc year. Tl É5 wond¢rfitl to see people grow Hnd flourisli in tl)eir rolcs. We hav¢ giv6n particular thanks for Ja)i)e Parker joilling ihe team as A%8isla])I Curate for Teiry Palmer beginiiiiig Iiis ttiiiiing lor 0￿11)￿tiOn. Page 4 THE PAROCHIAL CHURCH COUNCIL OF THE CCLESL4STICAL PARISH THE ABBEY CHURCH OF THE HOLY CROSS PERSHORE REPORT OF THE TRUSTEES FOR THE YEAR EIYDED JI DECEMBJLB 2023 ACHIEVEMLNT AND PERFORMANCE 2023 Ills be¢n a good year for us attd our renewed energy and vi¥ion e]M]tf5 that we look to 2024 with great faith and liop¢ that we CaLi con¢Énue to setve Gixl ourcolmnunity to th¢ y￿Y bc5t of our ability. FINANCIAL REVIEIW rinAncl41 p051tlon Thc bixgesi financial ev¢tit of tlic year was tlie installation of the new argan. The increase in aiinual in¢ome of £139,720 to £644,520 from £504,800 ih 2022, was mainly due to the gellerous gi'antg giveil by th¢ Friend5 of P￿Shore Abbey (FOPACIO) to enable the project to bc compl¢id. Thc Friends dollated £325,967 towards ttDI only the costs of the organ but 4180 th¢ iipgEading of the liyhtsng for Ihc Abbey. The PCL is al80 8tal¢ful lo St Andrew's Parish Centre Trust for grants of £8.704 lu IIK iipke¢p of Si AndKws including H new di8hwa5hu and ijnproveinents to tbe loitets. Organ Festival madt a piDfit of 15,0(K>, tec¢ipts froin ihe Plum Festival, Carnival, conctil hires and rentsl of St AtM]rews werE £5.357 higheJ' in aggrcgate than the previou5 year. Income froiii iEgul&r givi1￿ through stalldin¥ ord¢ and the Parish Oivillg Scheme nnd Collectiol￿ taken 8t sthvices was six p¢r cent high￿. than in 2022. One lega¢y of £l,OOD was received during the year. The inuEase im annual expendi￿re of £198,662 to £736,025 froni £537,363 2022 was again mostly due to th¢ costs of completing the organ projeci. whith were £402,656 fvr the Ye￿.. This includes Ibe spending of Ihc total amuutst eollecled by thE Abbey's organ appeal. whifyh was £72,505. The amount coll¢cttd was trealtd kn cunEnt year income in the aceounls for previo11s yeaiE, r411i¢r Ihaij as defeiied in¢oin4 80 the enlire &)m hdds lo Ihc deficit (excess of income over expettditure) reported in tlie cuttcntyear of £91,505. Demand for thB Food Bank has increa8¢d ovcr the year and expeiiditwt increased by £14,61X> to £47,783 (2022.. £33,183). The Abb¢y paid IOO/o of its Miiii8try Share comniittnent, wlii¢li was £51,950. MittisÉry Share Cove￿ thc salaiy atjd expenses of clergy. kn addilion, it paid £43,050 to ti)e Dioc¢s¢ of Worc¢sl¢¢s Mittistry Support Fuiid, whi¢h assisls tsth¢r paiislie$ which can￿0t atyoi'd their MiJ)i51ry Shair ¢onunitment. Equivaleilt figure5 for 2022 were Mini5ty Shar¢ payment of£48,350 alld Ministty Support Futtd CDnttibuiioN of £51,887. Tlie valiie ol. investments sncreased by £32,594 in the year. Tliese inveslmenls are lield for the lojig terin &lld tiieir total VAlue at 31 Deceniber 2023 wa$ L372,162. Page 5 THE PAROCHtAL CHURCH COUNCIL OF TH CCLEI SIASTICAL PARISH OF THE ABBEI Y CHURCH OF THE HOLY CROSS PERSHORE R￿PoRT OF THE TRUSTEES FOR THE YEAR EI NDED 3A DECEIVJBER 2023 FINANCLIL REI VIEW FAbrlc Report Th3nks to tht dedication and persevffltnct of David IA>n& P¢rshor¢ Abbey has 3 ma8uificent new Pipe Oi'wdn. After years of preparation and t[￿ skills of the Ruffatti teal)), the install&lioTh was Complet￿ in May aJ]d the amazing instrume]it reAdy to play. David inakes his owo detailed report {btlow), but we must appla￿ and thank him foi tliis wondevful insiiument admired by the or￿niSts who have played it di￿ we wl)o have he&i'd it. Whi15t organ building was in ￿￿gresS, regular Abbey maintena1￿ rontiniied far as possibl¢, th¢ LED ligl)ting inslallatioll wa& ¢oinplel¢d, and adjusted for the oygall pipes. FI￿dI]ghting of tlJ¢ tower was upgiided witli soine dÉrriLulty from ever-changing digital system. The leaking v¢sty roof was repaired and crdcks in the ea81 wall of the Yestry blobk iEpoinled. However, a degree of leak recurs. The llaupole was given an extsy bracket at iL8 base 2nd olice st¢adicd. the lead collar was ryuÈred preventing r&iiiwatei' reachillg the belfiy ￿lOW. Safety netting was secured to the low¢i' section of the ringing platfutJTr ILI Prevent falling obl￿tS. Our thatd15 to SttEart Piper for his expertise in c&rryitig out ilit$ work. In the summer Inonths the ¥he4Li¢r¢(t fus¥il ytone floor in th¢ Abbey was r¢stored - this followed damag¢ from moi5tuiE ri&iiJ8 beneath ih¢ piDte¢tive cowing laid down duting organ works. TliiDughout tlie year statistics weve collected and meetii)gs held 10 coii$ider how we could adjus¢ th¢ Abbey's heating syst¢En, seekttig to reducc our carbon foDtyrtnt. OJE the ircommeudation of our Architect. wc mct with Nik ChambBI froin Greenways who began a feasibility S￿dY on possible healing systen]s. Hi8 work conlitwes and a 51ral¢gy is ¢volvÈng. Twu majoi. thllctural problems #r¢ iikntified. to be followed up in 2024 after our qU1nq￿CnI)1a] inspection. These air IEI the wesl wall bouth h?nsept neai. the tower ￿lld th¢ I￿1￿h￿st transep¢ with the nonh wall of the of thc north pis1¢ wher¢ there has be¢n latvydl rnLiv¢m¢nt. There may need to bc sorne undelpit￿]n8 Iwt we await inStn￿ll0n from our 4rdiite¢t and $tructural en8iJieer. My thaiiks to fiona Rice, InitJut¢s seeirtary and all Inembers of tlie fabric co￿￿irtefy to Canon Claire and the ¢bur¢liw4rd¢n8 for their $iiPPDTt. 8150 to the Friei?ds otP¢rgtK>r¢ Abbey CIO wlio have fiujded i#&Dy of tl)ese projects. Organ Report At the b¢gitming of t[￿ y￿r our lott*awaited new thiEe-monual Fratelli Riiffatti pipe organ made an extraordinary sea voya8e from Padua aiid Venice, via the Adiiati¢, Ionia￿ alld MCditC￿￿¢aJ) se￿, the Atlanltc Oc¢aiTr, the Ilay of Bis4Xy and the Englislj Channel, finally aniving in P￿Ehore dvting early FebLW&ly 2023. Thc installation was coniplettd just in limc for il to acconipany oui. seryice ¢eleb1zti(N￿ forth¢ Coron8tioR] of King Charles 111 in May. Followttjg a peri5 US Ilp to dat¢ with I[￿81 and national Ghanges in ￿feguall]￿srequII¢Mtnts. All l￿del¥ and liclpcrs working witl] Cliildren, Young People & Vulnerable Adults (at Childreh) & Youth CilYJUPS, Opcn the Book, Toddler Group) ChuirhwardeJLS, PCC iiienibeT$. Tower & Deputy Tow¢r Bellriilging Captain and Pastoral Vtsitors Imve valid DBS c¢rtifie4tes. Saf¢guarding ttii11sn¥ 18 rcqiiiitd every 3 years attd lus been coiw)leted by I I people during 2023. Volunteers The PCC wishes to express ils gratitude to the m&Ay volunt¢ei% involv¢d in different iDl¢s with1￿ of the life of th¢ Abb#y. and without wtsDm it would bc in)possible ¢0 offer the syme vari¢ty of services. We aiE indebted to this genetous 8t¢wardship afiime 8nd service that is fyeely given Approv¢d by older of th¢ board of trustees on............... . and Signed on its behalf by.. Truste¢ Page 7 INDEPENDENT EXAMif¥ER'S REPORT TO THE TRUSTEES OF THE, PAROCHIAL CHURCR COUNCtL OF TH I CCLESIASTICAL PARTSH OF THE ABBEY CHURCH OF THEI HOLY CROSS PERSHVRE Independent ex8mlfieY's veport to th¢ trustee5 of The Paroehl#l Church Counell of the Eetlesl¥sttcal Par15h of the Abbey Cliui'ch ofthe H￿lY Cross Pei'thor¢ T repoit to the chai'ity trustees oil iny ex8mtn&tioll of the 8ccounts of The Parochial Chuirh Council of the Eccles1￿11c8I Parish oFtbc Abbty Chuirh of the Holy Cross PershoKe (the Trust) foi tiie yeai. ¢iided 31 Dec￿knb￿. 2023. RtSPOll5ibllltles And bas18 of report As the charity triiste¢s ts( the TrusL you responsiblr for the ￿EparatIOn of the accounts accordance with the requirements of tlie Charitits Act 2011 ('Ih¢ Act). I iyport iii respe¢l of my examii)ation of the Trust's &ccounts carrid out uiider S¢¢tion 145 of the Aci and in ¢airyit)g out y exaniination I hay¢ follow¢d all applicable Dircctions given by the Charity CoDllllis8ion under Section 145{5){b} of tlie ACL Imdependent ¢xaMlner'$ gt&tem¢nt Since your ¢haTIty's gross IttL￿me exceeded £250,000 your examiller must be a member of a listed body. T cao ¢onfiim that l am qu&lified to unda'take the ￿K￿mil￿tIon because I am a member of the Institute of Chartered Accountsnts in F.ngland Wales, which is one of the lisled ￿￿le I havc complet¢d my Bxa5nination. l ¢onfiim that i]0 inaterial inatters bave cojne to att¢nlion in wnnection with the exwninaliots giving Thc cause lo believe that aiiy niaterial respect., accol￿tIng records not kept in respect of thc Trust as LEqUi￿d by Seclioii 130 of the ACL. or th¢ acc￿lnts do iiot accoyd with iho$e recoJ'd%' ¥)i' the account$ do noi col￿p[Y widi Ilie appltcable rcquiremcnls eottteming the fonn and co￿tellt ol'a¢couAts Set out in the Charities (Accoutjts and Rq)orts) Re¥ulation8 2(K)8 other thaii arty reqiiiiEm¢nt tl)Rt Ihe accoullts give true aml tair view which is not o motter coiisidered as Part of aji indepeE)dcnt exarninatioii. I have llo ￿nCe1'nS and have come acr￿ no otbei. matters iu connection with the exdnJin4tion to which artention thould b¢ drawn this report in ordcr to enable & PiYip¢r ullderstsndit]g of the a¢counts to be reached. MeiTEir Bird Clifton4Tick Sliajp & Co. Ltd Chartered Accountants 40 High Str¢et Pershoit Worc£steiEhi WRIO IDP Date.. Page 8 THE PAROCHtAL CHURCH COIJNCIL OF THE ILCCLESIASTJCAL PARISH OF THE ABBEIY CHUIICH OF THE HOLY CROSS PERSHOREI STATEMENT OF FINAf4CIAL AcfivITIEI S FOR THE YEAR NDED 31 DECEMBER 2023 31.12.23 Total funds 31.12.22 Total fuiids Umrslticled fvnds Rrlti'icled funds Endowment furtd5 Notes INCO￿11¢ AP4D NDOWMENTS FROM Donations and Itga¢ies 139,181 419,854 559,035 430,462 Chiir¢h *ctlvltl¢ Chwrh activities 33,090 900 33,990 34,217 Other abÉivitics Invrbtm¢nl ine4)ine 43J48 Isi 43,548 7,947 32,397 7,724 7,766 TotRI 216,000 428,520 044,510 504,800 EXPENDITURE ON Raising fill￿S 213052 519,348 733200 537.483 ChHrlt#ble 8¢tlvltles Church ￿tIVItieS 2,825 (120) Total 216,677 519J48 736,025 537,363 Nel gaiJsl(losses) on investm¢nts 10,037 21557 3U94 147,710) NET INCOMEI(EI XPEI f4DrruRCI) (677) 180,791) 11,5$7 (5&911) (80,273) RECONCILIATIofi OF Total funth brought forwsrd 31,672 206,434 259,693 497,799 S78,072 TOTAL tsWNDS CARRIED FORWARD 30,995 125,643 281250 438088 497.799 The noles fottn part of tl)ese fiiian¢ial stat¢inei)ts Page 9 THE PAROCHL4L CHURCH COUNCN, OF THE ECCLEI SLISTICAL PARISH OF THE ARRF,Y CHURCH OF THE HOLY CROSS PERSHORE BALANCE SHEET 31 DECEI IIIBER 21123 11.12.23 TolAI fund$ 31.12.22 Totol ti]ÈJds UnTesli'icled fiinds Reslrieled fvnds Endowment nds Notes FIXED ASSETS T￿)gIble assets InYe5tment# 13 14 18A07 89,909 18,4117 372,159 24,011 339,565 282,250 1118,316 28V50 390,566 363,576 CURRENT A&SETS StttLq DcbtoiB Cash at bank and hand 15 16 2262 9,394 S,671 2,262 14,2S7 35,427 4063 29,756 107,597 199,181 34,619 17J27 51,946 306,778 CREDITORS Amounts falling due within oL)e 17 (3,624) (3,6241 (172.555) NET CtniRENf ASSETS 30,995 17a27 48J22 134223 TOTAL AssFfs LESS CURRENT LIABILITIES 30,995 125.643 282,2XI 438,888 497.799 NET ASSETS 30,995 125,643 282,250 438,888 497,799 FULYDS Unre5bicted fi]nds Rcstricted funds Endowm¢llt fUl￿S K9 30,995 125,643 2112,250 31,672 206,434 259,693 TOTAL FUNDS 438,888 497,799 The r]n&ncial slalemettts were appiK)v¢d by Ib¢ Bowrd of Trustees . and were sibmed on its behalf by.. &uihori*d for issue Trustce Tlie noles forn) pait of t]iese finkttcial staleineiits Page 10 THR PAROCHtAL C.HURCH COUNCIL OF TIIE ECCLLSIASTICAL PARISH OF THEI ABBEY CHiIRCH OF THE HOLY CROSS PERSHORE CASH FLOW STATKf*lENr FOR TH￿ YEAR ENDED 31 DECEMBER 2023 31.12.23 31.12.22 Note5 Cash floiY8 from opermtlng a¢tlvltle C&sh gei)eiTr¢ed froin operations Finan¢¢ costs paid (160,fj7I) 10,527 (173) Net eash (used Inypl￿vidCd byoper&ting activitie5 (1611,67] ) 10,351 C&5Jh Ilows frnm Investliig Activlties Pwchase of tangible fjx¢d assets Intercst received (3,264) 181 337 Net cash (used in)Iprovided by inv¢sting #ctivitie8 (3,083) 337 Change In cA8h eash equlYaleiit8 in th¢ repthi'tlng perlod CA$h exsh ¢qulv8l¢nts at the beglnnlng of the rep&rtlDE perlod (163,754) 10.691 199,181 188,490 Cash c95h equivalents at th¢ ettd of the reporllng perlod 199,18l The not¢s forni parLof Ihese financiAI slatemeiils Pag¢ I THE PAROCHIAL CHURCH COUNCII, OF THE ECCLEI SIASTICAL PARISH or THE ABBFY CHt7RCH OF THE HOLY CRO&8 PERSHORE NOTES TO THE CASH FLOW STATEMEI¥T FOR THE YEI AR ENDED 31 DECEMBER 2023 RECONCILIATION OF NET EXPENDITURE TO NET CASH FLOW FROM OPERATING ACTtVlTIES 31.12.23 31.12.22 Ntt expenditure for the reportittg perlod (as per the Statetnent of Flnaneial Aetivides) AdSiistment5 foi.: Depreciation charge8 IOain)Ilosses on investhments Inter&st received Finance costs {Inciraseydecrease in stocks DeriEase iti debtors De¢reas¢ in creditors (58,91] ) {80,273) 8,869 (32594) {181) 2,617 47,710 173 8,387 99.281 {67,3681 (2,262> 93,339 (16&931) Net cAsh (used Inllprovlded by oper*tlons 1160,671) 10,527 ANALYSIS OF CHANGES IN NET fiUNDS At 1.1.23 Cosh tlow At 31.12.23 Not C88h Caslikt bank and in h&nd 199.181 (163,754) 35,427 199,181 {l(x3,754) 35,427 Total 199,181 (163,754) 35.427 The not¢s lomi pait of these fitjanciul stal￿DentS P￿e 12 THE PAROCHIAL CHURCH COiJNCIL OF THE ECCLLI SIASTICAL PARISH OF THE ABBEY CHI]RCH OF THE HOLV CROSS PERSHORE N(YfES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEI MBEI R 21123 ACCOIJNTING PoLIC￿s B￿18 of prep8¥lng tlie flllHn¢A81 $t8temeMts P¢rshor¢ Abbey PCC 15 a Chaiity England and Wales. The location of the Abbey 15 given in the charity information on page l of Iliese fmancial statenienls. The naknite of die Charity's operaliom and pritLcipal activities are des¢ribed on tlie Rep(brt of the Thstees on pages 3 tts 7. The charity collstitutes a publi¢ benefit entity ag defined by FRS 102. The f￿anCIal stpten]eiits have been PIEpur¢d in acco1￿￿￿¢¢ with the ch￿'ity's govcrning docuinent, the Charili¢s Act 2011 &nd Ac¢ounting alld Reporting by ChaJities- StaiEIxient of Re¢01r￿1￿￿cd Practice applicablc to ctLaritie$ prttpajing thcir aecoiints ill k)c¢oithn¢e with the FiTYdllGiiil R¢poJting Stsndard in th¢ iJK wid Rqiiibli¢ Df Ireland wiblisbed in October 2019 and UK Generally AcceptedPr8cIicE. The fil￿1claI statem￿}18 have F£en prepared under the historical cost convei)tioii, modified to in¢lude certalli itans at fair valu¢, $ii¢h as investments. The financial ststemet)ts ale prcssllted in sterling which 18 the functional cun'ency of the chaTity and iY)unded to the nearest £1. The fu]ancial statcinents all tranbllLtivtl4 assets and liabilities foi. which the Parochial Churcli Coujicil is responsible for by law. They nut include the accounts of cliurcli groups that owe tl*ir main affJliatiotL to another body, nor those that aye infoftnal gatl)erings of ¢hurch members. The li'uslecs conclude Ihat that cbariiy bas adequal¢ resources 10 LOAlinu¢ ils activitie5 foi. th¢ forcsccable thiure and consider that ilierc were no ijwlcrial uncertainties over the ¢b4rity's finAn¢ial vÉability. Aecordit]gly, tlie financial 6tal¢mei)Is air PTrparedoii the goit)g concern basig, The significant 8ceoiTrt)tiog poli¢i¢s applied Én the preparation of tt*se fllmiicial statements are set out ￿lOw. These policies have been ¢¢)n8iStenily applid to all ycais pE8¢nted unless otherwise stated. Income r¢eogllltion Pl1￿￿ed givin& collections donations are recognised when Ir¢eived. Tax rcfuiidy ar¢ recognised when the iiicon)ing rcsource lo which they relate is received. Rents, fees, advertiSiti¥> and grat)ts are actou￿red for wbell the Parochial Chuirl) Council is legally elltitled to tl)e amounts due, I1)t￿$t Dn funds held on deposit is inclEided Whe￿ reccAYabl¢ and the aniQu￿t be incasure(t Irliably by the charity- tlii5 1$ normally iipoii notificalion af Il)e iiitei'cst paid or payable by the b8nk. Dividends are tt¢0b￿&Sed once the dividelld lia5 been declared 8rtd Jiolifi¢&tion has been recciva Of the dividend due. All ¢)th￿. income is recognised onc¢ the ijwity ha5 enlitltmcnt to the incoine, it is probabl¢ that the In￿l￿e wdl b¢received. al￿ tlie amoullt of income irceivable ¢8A bc ill¢asiired reliably. No income has be¢ii d¢ciared net of expelld1tt￿e. Lega¢ies are recow'sea on iE¢eipt oi. othcLWiS¢ if the ¢hw'ity been notified of &n impemdiiig distt'ibiition, the amount is known, aod receipt is expected. If the allLounl ss not known, the EcgaLy is tregt¢d as a coiilillgent asset. GOv￿￿1nenI artd oiher s￿11 inco￿¢ is retognised when tlie chaiity is ei)titled to the grant and any pve-conditions are fvlly met, Expeiidltiirn recognitlon Liabilities arE recogT)ised as expendituK as SOIAI as their is a leg&1 or Co￿th￿CtIve obligation cOn￿littlE￿ th¢ Charity to tlknt ¢xp¢nditure, it 18 probabl¢ that settlement wfftll be irqiiiitd, athl the amount of the obligation Lan be nwsured reliably. All ¢xp¢nditure is accouoted foi on an accruals basis and ha5 been clossificd undei. headii)gs that aggregate all osts related io the categoly. Expendittwe is recog]iised wheiE there is a legal or ¢oJJstructiYe obligulion to mak¢ pAymenl$ to third wrti¢s. it 18 ￿'Obable that tk¢ settlctnent will be required, 4nd the ai]]ount of the oblig&tion can be mea51lled reliably. Pag¢ 13 continued.., THE PAROCHIAL CHURCH COUNCIL ofi THE ECCLESIASTICAL PARISH OF THE ABBEY CHtIRCH OFTHE HOLY CROSS PERSHORE NOTES TO THE FINANCIAL STATEMENTS- coNtillued FOR THE YEAR KNDED 31 DEI CEI MBER 2023 ACCOUNTING POLICIEI S- contlnued Expendlture i'eeogmldo Inecovffable VAT is ¢harged as #n expe]]se against the activity for whi¢li expenditure arose. Expenditure is gener&lly irttognised when it 18 incurred and is accounte<( for grw. Grants and donatioD8 are accowited for wben 8warded or, in thB ease of oollections paÉd away, when the event has ocourred. Ministiy share is paid ¢0 the n)aximum extent availablc from cunent yeai. umEstricted fi]iids. AllooRtlon ofsupporl governanLY e05t Supporl ¢os¢s ar¢ Ih05e tl)at assist the w￿k of the chajity but do TJOI directly represent charitsble 8Ctivili¢s and incli￿¢ office Costs, goveimttnce costs, and adniinistralivc costs. Thry a￿ ittcurred directly in support of expendihll'e on the objects of the ¢hai'ity. Wliere suppoil eostB cannot bt d1￿ctlY attributed to particular headillgs, they have been allocated to cost of rai55ng and expelldit￿re on charitable actiYÉti6s on 4 basis consistent with u&¢ of the iwouices. TAnElble r￿ed assets Coage¢Y¥tert pi'operty In so fai. &% ¢ottseca'aled propeity of any kind is excluded from the stalutory d¢fiAition of 'charity' by Section 10(2) la) and (c) of the Cliarities A¢t 2011 such assets are not ¢apitsli&ed in the fingJJ¢ial slatsmeDts. Tlie ¢ost of iteims which ale considered to be ali EntC￿?] part of coh5ecJzled property is expettded in the finaneial statements the year in which th£ cxpenditure is fftijcunrd. Equlpment Moveablr ¢qtsipineAt (not forn)ing part of cons¢¢rated propety) is capilalised at cost wlkere th¢ c08t is #t les8t £1,000. ThBse assets aye depreeiated oY¢rtheir uscfvl economic life. D¢pirciation is provided by the eh#rity to wiite off the cost or valuation of tangible fixed a8sets ovej. their e81imaled u8dul ewllomie lives as 200/0 per annwn sts'ai￿t Stoeks Stocks are tralued at th¢ lowet of cost or fairyatue, IL&king due allowgnces for oknlete and slow-moviiig item8. Taxation The charity is cxempi fiDm tsx on its clwitable &ctivitl¢5. riunds Endowtnent Futtds are funds, the capitsl of which must be maintaineiL' only ittconle arising from investment of the endowinent inay be used Either 88 reslrioted or iinrestricted fimds dependin8 upoL the pl1r￿>Se for which tbe endowinentwas eslablishcd. R¢stti¢led fi]nds iEpre8ent (a) income froin tNsts or etidowjnents whi¢tk may b¢ expended only on those Itsh'icted objects. provided in tcm)s of th¢ trust or bequest 8nd (b) doii&tions oi. ￿￿nts received foi. & spe¢Rfic object for which they were giv¢n OT ￿vited by the Parochial Cliurcli Council for a Speci￿ object. The fiinds iiiay only be expended on the sp¢¢ifi¢ objerl foi. whicli they were giveEL a￿d aiiy bal￿1¢2 remainkn8 unspeiit at Ihe eaid of eh¢h year must be cai'ried fonvard 48 a balaiict on thst fund. UnrE5tt'ifted fuTrd$ WE ￿ndS that availabl¢ for use at th¢ disciDtioi) of the T￿SteeS in fi￿berattc¢ of the objects tsf th¢ charity. Desi8iwled fund5 Ire those set aside by the Trustees for a specifi¢purpose. Fordgn curreneles Transactions iii forei￿ currencies are recorded LlSill8 the l'ate of exchange ruling &¢ the dale of tlie ttMnsQ¢tion. MOn￿￿ry a55c15 und liabilities de￿ornin￿l￿ in forcign ￿lT¢￿GI¢S are tTattsl4led tlie rate ofexchangc ruling t the balaiice sheet date, aiid the gain or Ios6 on h?n81atioti is included in the Statement of Finan¢i81 Activities. Page 14 c0t)ttn￿ed... THE PAROCHIAL CHURCH COUNCIL OF THE ECCI.FSIAYficAL PARISH ofi THfi ABBEY CHURCH OF THLI HOLY CROSS PERSHORE NOTES TO THE FINANCL4L STATEMCI NTS- ¢ontlnued FOR THE YEAR ENDED 31 DECEMBER 2023 ACCOUNTING POLlCtES- contlttutd Dollfited goods 8eYvlces The Food Batik was donated 16,788kg (2022.. 14,077kg) of food duiing the y¢dr and it distnThuted 17.619kg (2022.. 17,639kg). The Tj'ussell Trust adopt a valuation of£2,37 ptr kg (2022.. £2.27 per kg). The donated St￿kS held ai the year-end have been included at £2,262, The Stock held at yeAr ejid 2022 had beeii included at £ nil. bec&use, at the time, the tW5t¢es con8idereEI that th¢ fair value cotsld not be i'eliably n)easur¢d without incuning excessive lime at)d costs for the ¢harity DONATIONS Af4D LEGACIES 31.12.23 31.12.22 Stewaritship giwiEig Coll¢ctions1ot servi¢es} Tax recovay Legaci Grants Dol￿tiOnS and appeals Food baiik donations St Aiidrcws donati￿1& 74,108 18,895 12,921 1,0 392,5114 16,965 3V12 3,730 72,877 15,263 14,899 262,800 21,621 41,755 1.247 559.035 430,462 OTHER TRADING AcfivITIES 31.12.23 31.12.22 Abbry hili oharges Bookstill income Magazine irtcome Plum Fesliv81 income CaTnÈval Orgatt be5tiYal 12377 6,636 6075 9J71 726 7,863 11,829 7,106 4,540 8,922 43,548 32,397 INVESTMEFrf IIYCOME 31.12.23 31.12.22 Dividends St AndiEWS' dividei Bank interest 5,933 1,833 181 5,900 1,824 7,947 7,724 Pag¢ 15 conÉii)ued... THE PAROCHIAL CHURCH COtJNCIL OF TH ECCLESIASTICAL PAR]SH OP THE ABBEY CHURCH OF THE HOLY CROSS PERSHORE NOTEI S TO THE, FINANCIAL STATEI MENTS- eofttlDlled FOR THK YEAR ENDED.IA DEI C£1 MBER 2023 INCOME FROM CHAIUTABLE AcfiviTIES 31.12.23 31.12.22 Aclivity Churcli octivities Church activities Chui'ch aetivities Abbey service fee8 StAndr¢w's hiir c118JEe Other it￿Ome 14,442 16,345 3,2113 14,766 12,607 6,844 33,99 34,217 RAISINC FUNDS Ratsliig donAtlons Aiid leg4cles 31.12.23 3E.12.22 Stsff costs Miiiistry Share Cultw?l ircovery 2 ¢xpense Ministly eXPCT￿S Woi7hip expense5 Youtli woi'k and mission Office and admiiiistsxti(m Food bank cxpei?ditw Music ajid orgai)ist Social events Depr￿la11￿ 21ffj69 951100 21,039 100237 1.333 1.845 1,412 3,408 8,698 33.183 3.715 340 1617 1,788 1.948 IA046 10,8111 47,783 3,71K) &869 208,213 177,827 Other tradlllg 8¢tlvllles 31.12.23 31.12.22 Organ expertditUTe Abbey devclopmei)t fut]d Heat atEd light Insurance Maintenance and fvnti¢uir Cle41)ing 41ll,656 168,513 30,378 34.981 7.011 93,138 4,203 33J99 8,236 57.75$ 7,417 S09,463 338,224 Page 16 Coftititiued... THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF THE ABBCIY CFtURCH ofi THE HOLY CROSS PERSHORE NOTES TO THE FINANCIAL sfATEMENTS- eontlnued FOR THE YEAR ENDED.IA DECfiMBILR 2023 RAISING FUNDS- eontlnued Inveitment maiiagemeiit costs 3R.JZ.23 31.12.22 Book%lall Magazine Plum Festival expens¢6 Abbey hiit cost6 Other fimd iatSlll8 costs Organ F¢stlVo1 expenses Inlertst payable and Similar clwi'ges 3279 4J97 793 3023 754 2,878 11,633 4.002 520 3,122 1,982 173 15,524 21,432 Aggregat¢ amouAts 733,2011 537.483 CHARITABLE AcrivrriES COSTS Support cosis Is¢e note 81 c￿ll￿h aetivities 2,825 SUPPORT COSTS Goverjiance Costs Chur¢h activities 2,825 INDEPENDENT EXAMINERS- GOVEI RNANCE cosrs The Indep￿dent examiners Irin￿￿tl.aI10n fol 2022 was £2,100 12021-£1,620) in¢lusive of VAT. The con)pany wl?i¢l) L&￿i¢d oiat t1￿ 2021 examination subsequently waived its fre. Additional eosl8 of £725 r¢ th6 revicw of 2022 were incuN¢d tn 2023. io. TRUSTEIES, REf*fUPIERATION AiYD BENEVtTS The ttwstees all give freely their time atsd expertise without any forni of remimeration or other be&)efjt in c&8h or kind {2022,. £nil). During the yeai the ftinibiirsein¢nt of travel and otliEr expenses illciirred by virtue of their PO8Ltion, tolalling £1,653 were PAid to 2 Trustees {2022- £1,601 for 2 Tru5t¢es). A nunber of the TKuslees inade dortations to th¢ PCC both &s umrstt'i¢t¢d donations and restricted don&tions. These donalioiis weir itimnoleiial and did not I￿ve an iiiip&ct on tILe operation of Ihe PCC and tha￿ore are not distl(Tr8able orl individual basis. Page 17 continued... THE PAROCRTAL CFtURCH COUNCJL OF THE ECCLESIASTICAL PARJSH OF THE AJBEY CHURCH OF THE HOLY CROSS PEBSHORE NOTES TO THEI filNANCIAL STATEI I￿E￿irs- eontinued FOR THE YEAR ENDED 31 DECEMBER 2023 ii. STAFF COSTS 2023 2022 Cros& Salaries Pension Contributions 41561 979 31,800 Total Staff costs 43,54 31,800 A Childrell wid F￿￿]11¢5 Worker joined in Febn]ary. The organisl 16ft in May and bas iiot beett repl2ced by pennanenÉ employe¢. There wei'e no en)ployee beAiefit$ to key monagement pcrsonnel in the rAinEnr or previous years. The averd8e monthly Iiwnber of ¢mploye¢s during the yearwas as follows.. 31.IL23 31.12.22 P￿t time stsff No eniployees ￿e1ved en]oluments in ¢xcess of £60,(K)O. 12. COMPARATIVES FOR THE STATEMENf OF FINANCIAL ACTMTKES Unrtstric¢ed Rcstricteil fi]]ids n(lowment futm Total funds INCOME AND EIYIK)WMENTS FROM Don81ions alld lega¢its 123,3 307,063 430,462 Churcli a¢livlttes Cliurch activities 30,336 3.881 34,217 Other trading a¢tivities Investment incon 32,397 32,397 7,724 7,724 Total 186,132 318.668 504.81 EXPENDITURC ON Raising thnds 236,470 301,013 537.483 Ch4vItAble Aelivilies Church activitie8 (120) {120) 236,350 301,013 537,363 Net gainsl(losses) on investm¢nls {5,000) (8,061) (34,649) {47,710) NET INCONIEI(EXPENDITURE) (55,218) 9,594 (34,649) {80,273) Pagg 18 contijiued... THE PAROCHJAL CHURC.H COUNCIL OF THE ICCLESIASTICAL PARISH off THE ABBEY CHURCH OF THIL HOLY CROSS PERSHORE NOTES TO THE FIIYANCIAL STATI£MENTS- cont1m￿ed FOR THEI YEI AR ENDEI D 31 DECEMBER 2023 COMPARATIVES fiOR THE STATEMENf OF FINANCIAL ACTIVITIES- continuod UDrestr£cted RtstYicÉed Eijdowffiellt nds flinds funds Total fvnds REI CONCILJATION OF Ifui+lDS Tot&1 funds brought fo2ThVal 86.890 196.840 294,342 578,072 TOTAL FUNDS CARRtED FORWARD 31,672 206,434 259,693 497.799 13. TAIYGEBLE FIXTD ASSETS Plant aijd niacliinery COST At l Januaiy 2023 Additions 41,351 3,264 At 31 De(ember2023 44,615 DEPRECIATION At l JallU&iy 2023 chai￿ foi. yeai. 17J40 8,868 AL 31 D¢c¢mbDr 2023 2fj208 NET BOOKVALUK At 31 Decembei. 2023 18,407 At 31 De¢ember 2022 24,011 14. FIXTD ASSET INVESTMENTS Listed inve8ttn¢nt8 COST LESS ImPAIR1￿[ENT At l Janiiary 2023 Revaluatio 339.565 32,594 At 31 December 2023 371IS9 NEI T BOOK VALUC At 31 Decemb¢r2023 372,159 At31 Decttnkner 2022 339,565 Thciy were llo inv¢slment assets outside th£ UK. Page 19 coiitinued... TH￿ PAROCHIAL CHURCH COIINCIL ofi THE ECCLESIASTICAL PARISH OF THE ABBLY CHItRCH OF THK HOLY CROSS PERSHORE NOTES TO THE filNANCJAL STATLIMEI NTS- contlnu¢d FOR THE YEAR ENDEI D.31 DEeCLMB￿R 21123 14. riIXED ASSET INVEsTI￿￿NTs- eontlnued Cost or valuation ot 31 De¢eiDber 2023 is repr¢s¢nted by: Li$ted Investments Valuation in 2022 Valuation in 2023 Cost (42,710) 32,594 382,275 372.159 CBF Invest%nent thnd unils, 11569 units CBF lllvestment fimd units, 1,505.67 units 281,250 89,909 259.693 79,872 J71159 339,565 'rheJr w2s an in¢regS¢ tn the value 8s at thr year ¢nd of the iiivestrllents held of £32.596 (2022.. decreose in valuation of £42,710}. Th¢ tL)thl nun]ber of CBF inv¢stmeni fvtsd units held as al the year end was 14,074.67 12022 14,074.67 units). The valiwtion was taken from the mid-market valu¢ provided by CCLA al each respective year end. Of the total Énveslment ass¢l4 £282,250 1$ held under th¢ etmlowment fuml 12022: r259,693), and £89.9(Y) is held undei'th¢ irstriclcd fund (2022.. £79,872). 15. STOCKS 3A,12.23 31.12.22 Sto¢k- food bank 2,262 16. DEBTORS: AMouTrffs FALLING DUE WITHIN ONJ£ YEAR 31.1223 31.12.22 Orga Otlier debtors PrcpRynients 9,393 1377 87 106,565 1,032 14.257 107,597 Page 20 ot]tiDued... THE PARQCHIAL CHURCH COUNCtL OF THE ECCI.ESIASTICAL PARISH OF THE ABBEY CHURCH OF THEI HOLY CROSS PERSHORE NOTIGS TO THE FINANCIAL STATEM&NTS- continued FOR THE YEAR NDED 31 D]LCICMBKR 2023 17. CREDITORS: AhqOUNfs FALLING DUE WITHIN ONE YEAR 31.12.23 31.12.22 Ottser creditors Organ contract Aecnwl expcnses (689) 26,990 106,565 39,000 4J13 3,624 l72,555 18. L￿ASING AGRKEf1￿￿Ts Mittimum lea￿ paymentswTrdernon-cancellable operating leases fall due as follows: 31.12.23 31.12.22 Behveen ¢)n¢ and five ye 1,018 2,038 Pog¢ 21 continue(L,. THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF THE ABBEY CHURCH OF THE HOLY CROSS PERSHOR NO"fES TO THE FINANCIAL STATEMEiYfs- continued FUR'fHE YEAR ENDED 31 DECEI MBBR 2023 19. MOVEMEwf IN FUNDS Net n)oYement in fiinds At 31.12.23 At 1.1.23 Unrestrl¢ted General fund St Andrews 8.039 23,633 9,647 (10,324) 17,086 13,309 31,672 {677) Restrlcted fllnds Food Bank- Geiieral Restricted Dev¢lopment Frontispi￿¢8 WestElld Clock Ftirniluit Orgdn M&inten#ll¢¢ Oi'gan Rve ar¢ lollow&.' Ittcortiing resources Resourc65 cxpended Goin8 hnd losses Mov￿nent in fui)ds Unr¢strlcted funds Gene]?1 furjd StAlldirws 210,436 5,S64 {200,789) (15,888) 9,647 (ID,324) 216,000 (216,677) (077) Restrlcted funds Food Bank. Geiieral Restticted Develoiiinent Frontispieces WestEiid Clo¢k Fumitt]re Ors4n Maintenance Organ REplacement Poor Fund Abbey Maii)tenance Fabric Fuiid- St Andr¢ws St Ajidi'ews Embrotdery Guild Wridgway Twst R¢paii' Fund- StAndffw8 38,913 (47,783) {5,532) (S,87D) (1,8J4) 77 3,718 77 280 2545 80 280 5,152 1270 {64,821) (461) (12rt12) 75 2,6117 470 337,835 95 35,7SI 11 J8 {402.656) (49,931) (11,305) 1,768 (116) (l]6) 1,469 (E,469) 428,520 (519,348) 10,037 (80.7911 EndowmeTrt funds Poor Fund Furn1ft￿e Resli>ratiollFund Orgun Fund Fabi'ic {Abbey) Wridgway'fTI15t FuDd StkwctUFC Repair Fund Drakes Rrought()n A]lotJn¢llts Fabri¢ Fund IStAnditws) Hansou Fund 176 8303 880 349 4,622 831 3,666 683 3,147 176 8,203 349 4,622 3,666 683 3,147 22,557 22,557 TOTALFUNDS 64452 {736,O25) 32,594 (58,911) Page 23 coi)tinud... THE PAROClllAL CHURCH COUNCIL OF THE ECCLESL4STtCAL PARISH OF THE ABBEY CHURCH OF THE HOLY CROSS PERSHORE NOTES TO THEI fiINANCIAL sTATETh￿NTS- cvntlnued FOR TBEI ITI AR ENDED JI DECEI MBER 2023 MOVKMENf IN FUNDS- eojjdnued Comp9ratlYes for movemeiit Ill fuMd$ N¢1 moveffteiit in funds At 31.12.22 At 1.1.22 Unrestrtcled fuiid$ Genevdl fund St Andrews 63,229 23,661 {55,1901 1281 8.039 23,633 86,890 155,218) 31,672 Re$triLted funds Food Bank- G¥i)¢ral Restricted Food Ballk- Fuluii Fundiiig for Cilizens Advice Sessions Food Bank.. Local Authot1tyEmergtti￿Y Assi&qtance Giant Dtvelopmcnt Fix)ntispiecBS West End Clock FurnitUlE Fluodliglitu)g OLEall Maintenance Or￿1 Repla¢¢ment Pooi'Fund Abbey M41nlellanb6 Fabrit FUt￿- St Andrews stAndl￿ws Commthnity FiiTt Embroidery Guild 8,418 29,484 37,902 12.000 (12,000) 8,912 55,662 946 76 3,439 28,481 7,048 9,317 55,456 387 5,598 350 (8,912) (12,2761 {461 {4) (166) 1216 {7,0481 17 (8,397) 74 15,037 (350) 9.834 1750) 3,881 900 72 3.273 29,697 9J34 47,059 46L 20,635 9,834 750 3,881 196,840 9,594 Ddowment funds Poor Fut]d Purnilurr Restoration Fuiid Orgat) Fluid Pabric Pund (Abbey) WTid¥way TAisIFuDd Slrueth]re Repair I,llnd Dtukcs Broughtots Allolmet)ts Fabiic Fund (St Ai)drews) Ha￿S0￿ Fund 206,434 3,560 98,824 17,798 7,072 55.688 15,503 44,167 13,817 37,913 {419) (11,633) {2.095) 1832) (6,555) (1,8251 (5.2001 (1,627) (4,463) 3,141 87,191 15,703 6,240 49,133 13,678 38,967 12,190 33,450 294.342 (34.649) 259,693 TOTAL FUNDS 578,072 {80,273) 497,799 Page 24 colltinued.. THE PAROCHIAL CHURCH COUNCIL OF THE I CCI.ISIA8TICAL PARISH OF THE ABBEY CHURCH OF THE HOLY CROSS PERSHORE NOTES TO THE VINANCIAL STATEMENTS- eontinued FOR THE YEAR ENDED.11 DECEMBER 2023 19. MOVEMENT IN FUNDS- condiiued Compar&tiven¢t i￿0vern¢￿t in hnds, includ¢d in the above &re a5 foll¢)ws'. Incoming SOU￿¢$ Resourc¢$ expended G&ins and losses Mov¢ment in fu]ids Unyestrlettd funds Genei?l fi]nd St ￿)drewS 186,132 (236,322) (28) (5,000) 155,190) (28) 186,132 (236.350) (S,￿0) 155,2181 Restricted funds Food Bank- Gene]%1 Resti'icttd Food BaJth- Futu￿ Fundiiig for Citizens AdviL¢ S¥i*&lOnS Faixf Bank.. Local Autliorily Bmer¥en¢y As5iSStanee Grgnt Dev¢lopment l.roiitispieces West Etml Clock Furniture Flo(Kilighlii)g Organ Maiijtenonce OIBan Replacerneiil Poor Fund Abbtty Malttlei￿llCC Fabric Fund- St Andr¢w8 St Ajidrews Coniinunity First bmbroidoy Ciuild Wridgway TLusLliepaiL' Fund- St knylrews 41.755 (12,271} 29.484 (12,000) (12,000> 18,912) 19,772) {8,912) (12.276) 146) (4) 1166) 1,216 (7,048) 17 18,3Y7) 74 15,037 1350) 9,834 (750) 3,881 186 {2,6901 1461 (4> {166) (1,377} {341} 1450) (2.680) 119) 1271) 117) 2,593 13,899 467 162.969 93 61,428 15,150 L4,786 {20,606) (168,686) (46,120) 115,483) (4,9S2) 1750) 3,881 1,461 (1,4611 318,668 1301,0131 {8,061) 9,594 Endowm¢ntfund5 Poor Flind Fiwnilurc Re￿Oi￿tIon Fund OTg&n Fund Fabi'i¢ Fuod (Abbey) Wridgway TTU5t Fund st￿Ctur¢ Repair Fut Drakes BiY)ughtonAllottnenl$ Fabrie Fw)d {Sl At)dr¢ws) Hansoii FutMS (419) (11,633) 12,095) (8321 16,555) 11.825) 15,200) 11,627) 14,463) (419) (11,633) 12,095) (832) 16,555) IL,825) 15.200) 11,627) 14,463) {34,649) {34,649) TOTAL FUNDS 504,80D (537,363) (47,710) (80,273) Page 25 continued... THE PAROCHIAL CHURCH COUNCIL ofi THE ECCLESIASTICAL PARISII THE ABBEY cItURCH OF THK HOLY CROSS PERSHORE NOTES TO THE FINANCIAL STATEMENTS- eontiThued FOR THE YEAR ENDED 31 DECEMBER 2023 MOVEMEINT IN FUNDS- condnued ENDowfiiENf FUNDS Poor fiund The poor pejinanent endowmenl fund is from a tnist deed dated l November 1958 fron) the Law$ort Trust. The ineome Can only bc used by tlie viui. to l)elp ihe poor m¢inber8 of tlie ChuiLli of Ei)Eland in the Paiish of Pershore. pul￿1th1￿ R￿tor8110n FllThd The Furniture Re$totalion Fund 18 a peiinall¢nt endvwmellt from Miss MAC wVodwa￿ under trust deed d&ted I Nov¥mber 1958. The incom¢ arising from the tiind is i¥siri¢l¢d iD tli¢ Testoration or ren¢wal of the furall￿re of Pershore Abbey. Organ Fund The organ peianai)ent e]idowinent was received under thc Icgacies of Misse* MA and LE Wo(Klwaid and t[￿n u1￿￿. thc dged dated l May 1959. It pyrt of the Pershoi"c Abb¢y Organ Fund and the income fiDm this Jid can only be used for thatpuJpos¢. Fab¥i¢ Fund (Abbey) The expendable endowment of th¢ Fabric Fund (Abbey) £$ und¢r a deed dat￿ l May 1959. Tkne incom¢ of the fund can beu¥ed tor tabiic maiiitenance al tlje Abbey. Wrldgw8y Tru$t Fund Thc Wridgway Trust Fwid 15 a pem]allent endowment under the deed dated l November 1958. The income from Iliis ftind 1$ shared cvenly bctwceji ftinding geller&l expel￿e$ of Ili¢ Holy Cri)ss and repair8 of Holy Cross bt)l if t)ot 80 Eised for tlie repair8 to Sl Attditw's Churcli. Structhre Repaii. Fund The iypair fund 15 a pem]anent endowment from tlie Alfr¢d Hudsoii Tiust under tlie deed thted I Novembtt 1958. The income is r¢stsicied foi. Ihe vse ofsttwctui'al IEpaiY lo the Abbey. Di*kes Bi'oughtoii AllOt￿ellts Tl)e Drakes Broughion Allolmtnls fund is a pennan¢nt ¢i)dowJn¢nt fund ullder the ￿7St dced dated l November 1958. The income fi'om tliis ￿1]d is use for the Jmalmt￿1a￿c¢ aiid repairs and g¢neral purpo￿8 of ilie Abbey. FghAo Thind (St Amdrews) This pcimiallent eiidtswment ￿￿Esents the clwity of Miss MAC w0￿Ward under the h￿st deed dated NovembEr 1958. The incoine is r¢5triGtEd foi tIL¢ use of inaintenance Jttd fabric of St Andrews. Hamson The Honsoit Tiwt is a peri]]allei)t endowJ))ent for wjllch th¢ in¢oine is used foi. Ihc styucliual repairs Bt the Abbey. RESTRICTED VUM>S FoodBank Food B￿)k ill PershoiE is operated utLdei' the gUI￿)¢e of The T1￿￿$t11 Tiwst, the puipose Df whi¢b, is to stop UK huDg¢r. Th¢ PCC 8re trustee5 of the Pershore Food Batth. All food battk in¢ome gnd exp¢iidituit, &n¥luding fiinding foi. Cilizens Advice 8e8810￿* alld locol autlioi'ity ￿llerg¢nGY a5515t&Trce 8raJEls &s iwtrict¢d for tli¢ ￿ilv05e of the food bank. Developmeikt The Abbey Devel(bpmei)t Fuiid is restricted to the developmcnt and irsloratioji of the f8kni¢ of the buildiiig. its ol￿arne]It￿ fth7)ishings aTMt ribnents. Frontl5yleces Pagc 26 continued... THE PAROCHIAL CHURCH CO￿￿clL OF THE ECCLESL4STICAL PARISH OF THI ABBEY CHURCH 011 THE HOLY CROSS PERSHORE NOTEI S TO THE FtNANCtAL STATEMENTS- £¢)Mthnued riOR THE YBAR NDED 3I DEC14MBEI R 202J 19. MOVEMEINT N FUNDS- eontlnued Fund xestricled forthe use of the frontisptece's m&intettsnce and rq)air at the Abbey. West End The West End restri￿ed fund ftg used for the tnatiitettance and rq)&ir of the We51 End of thc Abbey. Clock This restricted is for Kp#ir of the Abbey clock. riurnltllre Restrictd ￿ttds for the pLTrrCh￿e 8nd iy)airs of furnitur¢ of the Abbey. FloodlRghtlllE The resErirt¢d floodlightiThg fi]nd is for the p￿ry￿se of maintaining aiid wgtaining the floodlighting It the Abbey. OrgAn Mainttnanee The oi.gan Mainlen4nce fund is u%cd foi. regulai. servi¢itt8 and repai1% to the Abbey OiEOn. OrgAn Repllccmciit Th¢ oaEat] IEpla¢einent fvnd is for the PUYP08es of fvndiaising and holding funds to wircljase a iiew org8n for th¢ Abbcy. Poor Fund This IEpresents the income arising from the endowedpoor fi]nd wbieh is spent al the discrelion of the Vic￿.. Abboy M#lntenaii¢e R&%tricted fuTrd5 for th¢ maii)t¢n8nce of the Abbey. IrRbric Fund- %t Aiidrews A fund to siipport the fabric at St Andrews. St Andrews Related to iiicome Ilstticted for the purposes of St And￿w$ in¢lud¢s grants of £8,753 12021- £202361 frofftn St Anth'e￿5 Trustees). WridgwHy Triist Rep8lr Fund- St Andrews In accordaDc¢ witl) t1￿ deed, the PCC has decided thAI the income from the Wrid¥way Twst shoiild b¢ all￿ated to Si Andrewg and spent on irpairs Iii St Aiidrcw'.s Cliiirch. Ctsmmunlty First Crant This gTant wa5 first reteived in 2021 foi" the puipose lo relaun¢h concerts in the Abbey followitkg tbe impact of the pa[￿e1n1¢. The t￿Ought foAward bala1￿¢ of£750 was spent in 2022. Designated ￿1ndS Piirp05ey Unrestrlct¢d Fiiiid5 T￿￿$(er8 Theit were tto tt'ansfers between r￿trIcted and iinrE51Ticled ￿llds durin# the year. Pgg¢ 27 conlinuEd.,. THE PAROCHIAL CHURCH COUNC￿ oir THE ECCLESIASTICAL PARISH UF THF ABBEY cItURCH OF THE HOLY CRO&8 PERSHORE NOTES TO THE FINANCJAL STATfiMENTS- contlThu¢d FOR THE Y14AR ENDEI D 31 DECEMBER 21123 20. RELATED PARTY DISCU)SURF D￿7￿8 the ycar th¢ following related paty trawaclion occu]Ted.. P¢rshorc Produce (Fruit & Vegetables) Limi¢ed is R company under SI￿11rjeallt cotttrol of Mr S J Cl&rke who is the husbandof Mrs S Clarke, a nNstee of the chai'ity. Paym¢J)ts for the year totalled £20212022.. £276). St Atkdiew's Pari8h Cetttre TtyJ5t, whicli is a separale regist￿Ed charity. undei. charity number 501353, is a iElated paity by virtue of cojnwn Tmslees betw¢¢n the two charities. The foilowing trdnsacfions took pLace during th¢ year.. Restricted grants ir¢eived from St AndTew'8 Paris]i Centre Tiust during the year £8,704 {2022.. £8,753). The F17ends of Pwtwye Abbey CIO (FOPA). whirh is a sepsrale r¢gi8teiEd Ch￿lty, utM]er d￿rity numbei. 1193273, is a iElated paty by virtue uf Lommoll Truste¢s betwe￿ the two chariti¢s. Th¢ following transactions iookplace diiring the yeai.. - R¢%tii¢led g￿llt5 receivable from FOPA diiii]ig the year (excluding the organ)- £32,09212022'. £78,153) - Organ grants re¢¥ivable fi'om FOPA including cnablingworks- £293,875 {2022.. £144,651) - Debtor due f1￿M FOPA at tli¢ ￿￿'_elld- 8ener41 IrBtri¢ttd gMnts- £Nil (2022: £Nil) - Debtor due fi￿rn FOPA at ttle year-end- oiEan- £Nil (2022.. £106,565) The Trustee$ of the PCC are ¢xtremely gratefi]I for tlie flliBll¢ial support rteeived both St Ai)drew'8 Cenire Trust &nd Fri¢nds of P¢rshoreAbbey. Page 28 THE PAROCHtAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARlbH OF I'HE ABBEI Y CHURCH OF THE HOLY CROSS PERSHORE DETAILED sfATEr MEINT OFFITrIANCIAL AcrtVITtFS FOR THE YEAR ENDLD 31 Dll cEMB￿R 2023 31.12.23 Tolol fund5 3l.12.22 Total fiinds Unrestricted fvnds Resh'ieted fiinds Endowment nds INCOME AND ENDOWMENTS Donatlong And legaeles StewArdsliip wving Collections latall s￿vICeS) Tax iEeovtry L¢&T8cies Grants Donations and appe&l$ Food baTrk th)nations St Andrews donations 74,108 1%09S 12,921 1,000 74,108 18,895 1292J 1,000 392,504 16,96S 3&912 3.730 72,877 15.2CI3 14,899 378,S54 2,388 38,912 262.800 21,62 41,755 1.247 14.577 3.730 J39,181 419,854 559,035 430,462 Othor tyadlng Rctlvltkhg Abbey hire cl)aryes Bookstall income Magazine income Plum Fcstivnl income Camival Organ F¢stival 12,277 6,636 6,675 9,371 726 7,863 12,277 636 675 9,371 726 7,1163 11,829 7.106 4,540 8,922 43,548 43548 32JYI Inirestment Income Dividellds SI AD(]rews' dividends B2]th iiitrrest (1,833) 1,833 181 7.766 5,933 1,833 181 5,9UO 1,824 181 7,766 7,947 7,724 Church R¢tivitie5 Abbey seiyice fee5 St Andiiw's li1￿ charg¢ Other iJ]com¢ 14,442 16,345 2J03 14,442 16J45 3203 14,766 12.607 6.844 900 33,090 91M 33?90 34,217 Total IDcomlng reso￿lee￿ 216,000 428,S20 644,520 504,800 EXPENDITURE Raising doll￿tIOnS And legaeiei Wa8eS C￿med foiw8rd 21,609 21.609 21,669 21ffj69 21,039 21,039 This pa8¢ doe8 not fonn part of the statutory fininci418tateinenls Page 29 THE PAROCHIAL CHURCH COUNCIL OV TH ECC.LESIASTICAL PARISH or THE ABBEIY CHURCH OF THC HOLY CROSS PERSHORE DETAILED STATEMENT ofi FINANCIALACTIVITIES FOR THE YEAR ENDED 31 DECEMBER 2023 31.12.23 Total 31.12.22 Total fimd5 Unrestt'icted Rrstrided fuÈJds Endowment fi￿d￿ Ratslllby donAtions aiid legaeles Btuiigllt forwHrd MÉi)Il>lry Share Culiural re¢oveiy 2 expense MitJi$lry ¢xpenses Worship exp¢ll￿8 Youth woik and mission Olficc alld adnunislixtion Food bank expettditure Music and org&nist Social events Depieciation of14ngibl¢ fixial a5srts 21,669 95,000 21,669 9&000 21.039 100,237 1,333 1,845 1,412 3,408 8,698 33.183 3,715 340 1,672 1,948 16,&90 10,810 116 1,788 1,948 16,646 10.810 47,783 3,700 556 47.783 3,700 8,869 8,869 2,617 150,889 57J24 20&213 177,827 other tradlng aelivilles Orgon expei)ditui"e Abbey dev¢lopm¢nt Heat and light In8uraiice M&intenan¢e and fun)itLLre Cleaiiing 402,656 4O2,6S6 168.513 30,378 34,981 7,011 93,13B 4,203 33J99 33,399 8.236 S7,755 7A17 8,236 51,132 623 7,417 47,439 462,024 YJ9,463 338,224 Investment man#gEment costs Bookstall hq&gazi116 Plum Festival expenses Abbey liire costs Other fund raisllig costs Organ Festival ex￿nseS FoiEigll exdiange differences 3,279 4,397 793 3,423 754 2,878 3,279 4J97 793 3,423 754 2,878 11,633 4,002 520 3,122 1,982 173 15,S24 IS$24 21,432 Supi)ort costs Covernnn¢e Costs Itldependent exarniner 2,825 2,82S (120) Total r¢soiir¢&% ¢XP¢TLd¢d 216,677 519,348 736.025 537.363 N¥t expendlhlre before 9nd los$es {677) (9DO28) (91,￿5) (32,5631 Thi5 pagc does not fojrn part of th¢ 8t#tulory fiiiancial 81alements Pag¢ 30 THE PAROCHIAL CHURCH COiFNCIL OF THE ECCT,&SIA8TICAL PARISH OF THE ABBEY CHURCH OF THK HOLY CROSS PI4RSHOR DETAILED STATEMEI OF FINANCIAL ACTtvrrtFs FOR THE AR EI NDED 31 DIICEMBER 2023 31.12.23 Total fi]nds 3L.12.22 Tot81 funds Unrestricted Restticted fuiids Bndowment fiinds Re&li¥ed reco%ni5ed ¥Ains and1055¢$ Realis¢d gAinsl(lossesl on fLxed asset investtllents (5,000) N¢t expertditurp (677) {90028) (91,505} (37,563) Ti)is P3g¢ d0¢8 not forji) pavl of the $tatutory fiiik)ncial slatein¢nls Pag¢l1