2023-12-31-accounts - The Parochial Church Council Of The Ecclesiastical Parish Of St Peter With St Owen And St James, Hereford

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			Page
Report ofthe Trustees		1	to	4
Independent Examiner's	Report
Statement of Financial	Activities
Balance Sheet
dotes to the Financial	Statements	8	to	15
Detailed Statement of	Financial Activities	16	to	17

for the Year Ended	31 December	2023
						31.12.23	31.12.22
			Unrestricted	Restricted	Endowment	Total	Total
			funds	funds	fund	funds	funds
		Notes	E	E	E	E	t
INCOME AND ENDOWMENTS
FROM
Donations and legacies			122,519	50,579		173,098	147,234
Charitable activities
House lettings			14,874			14&874	15,532
Investment income		2	11,383	3,811		15,194	5,415
Other income							48,415
Total			148,776	54,390		203,166	216,596
EXPENDITURE ON
Raising funds			527			527	1,296
Charitable activities
House lettings			8„325	2,52'I		10,846	5,295
Other charitable activities			139,421	108,032		247,453	179,385
Total			148,273	110,553		Z58,826	185,976
Net gains/(losses) on
investments			2,035		674	2,709	(4,709)
NET INCOME/(EXPENDITURE)			2,538	(56,163)	674	(52,951)	25,911
Transfers between	funds	11	(240)	240
Net movement in funds			Z,Z98	(55,923)	674	(52,951)	25,91'
RECONCILIATION OF FUNDS
Total, funds brought	forward		500,892	448,750	12,067	961,709	935,798
TOTAL FUNDS CARRIED
FORWARD			503,190	392,827	12,741	908,758	961,709

Balance Shee 31 December	t 2023
						31.12.23	31.12.22
			Unrestricted	Restricted	Endowment	Total	Total
			funds	funds	fund	funds	funds
		Notes	E	E	L	E	E
FIXED ASSETS
Tangible assets			420,000			420,000	420,000
Investments			23,857		12,741	36,598	33,889
			443,857		12,741	456,598	453.889
CURRENT ASSETS
Debtors		9	22,523			22,523	22,340
Cash at bank	and in hand		42,627	392,827		435,454	490,006
			65,150	392,827		457,977	512,346
CREDITORS
Amounts faging due within one
year		10	(5,817)			(5,817)	(4,526)
NET CURRENT ASSETS			59 333	392,827		452,160	507,820
TOTAL ASSETS LESS CURRENT
LIABILITIES			503,190	3921827	12,741	908,758	961,709
NET ASSETS			503,190	392,827	12,741	908,758	961,709
FUNDS
Unrestricted	funds					503,190	500,892
Restricted funds						392,827	448,750
Endowment	funds					12,741	12,067
TOTALFUN	DS					908,758	961,709

==> picture [72 x 9] intentionally omitted <==

INVESTMENT INCOME	INVESTMENT INCOME
			31.12.23	31.12.22
			E	E
Deposit accountinterest			15,194	5,415
RAISING FUNDS
Investment management		costs
			31.12.23	31.12.22
			E	E
Cost of fundraising	activities		527	1,296

The average monthly number	ofem	ployees during the year was as f	ollows:
				31.12.23	31.12.22
Staff				5	5
No employees received emoluments		in excess of 660,000.
COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES
		Unrestricted	Restricted	Endowment	Totai
		funds	funds	fund	funds
		E	E	E	E
INCOME AND ENDOWMENTS	FROM
Donations and legacies		115,759	31,475		147,234
Charitable activities
House lettings		15,532			15,532
investment income		4,633	782		5,415
Other income			48,415		48,415
Total		135,924	80,672		216,596
EXPENDITURE ON
Raising funds		1,296			1,296
Charitable activities
House lettings		5,295			5,295
Other charitable activities		121,357	58,028		179,385
Total		127,948	58,028		185,976
Net gains/(losses) on investments		(2,870)		(1,839)	(4,709)
NET INCOME/(EXPENDITURE)		5,106	22,644	(1,839)	25,911
RECONCILIATION OF FUNDS
Totalfunds broueht forward		495,786	426,106	13,906	935,798
TOTAL FUNDS CARRIED FORWARD		500,892	448,750	12,067	961,709

TANGI	BLE FIXED ASSETS
			Freehold
			property
			E
COST
At 1 January 2023 and 31 December 2023			420,000
NET BOOK VALUE
At 31 December 2023			420,000
At 31	December 2022		420,000
		31.12,2023	31.12.2022
		E	6
Church	House	340,000	340,000
Close	House	80,000	&0„000
		420,000	420,000

FIXED ASSET INVESTMENT	S
			Listed
			investments
			E
MARKET VALUE
At 1 January 2023			33,889
Revaluations			2,709
At 31 December 2023			36,598
NET BOOK VALUE
At 31 December 2023			36,598
At 31 December 2022			33,889
There were no investment	assets outside the UK.
Cost or valuation at 31 December 2023 is represented		by:
			Listed
			investments
			f.
Valuation in 2023			36,598

==> picture [15 x 9] intentionally omitted <==

						31.12.23	31.12.22
						E	E
Trade debtors						1,545	6,422
Tax						8,256	3,091
Prepayments and	accrued income					12,722	12,827
						22,523	22,340
CREDITORS: AMOUNTS			FALLING DUE WITHIN ONE YEAR
						31.12.23	31.12.22
						6	E
Trade creditors						3,027	4,116
Other creditors						2,790	410
						5,817	4,526
MOVEMENT IN FUNDS
					Net	Transfers
					movement	between	At
				At 1.1.23	in funds	funds	31.12.23
				E	f.	E	E
Unrestricted funds
Generalfund				484,150	(4,010)	(240)	479,900
Church House and	Close House Lettings			16,742	6,548		23,290
				500,892	2,538	(240)	503,190
Restricted funds
St Peter's Building	Fund			13,466	(8,415)		5,051
St James Building	Fund			136,817	(1,900)		134,917
LFG Brown deceased Trust				217,920			217,920
Church Wardens Fund				1,006	71		1,077
Ukraine Project				15,777	(5,164)	326	10,939
Ministry Deveiopment		Fund		29,623	(15,780)		13,843
Rwanda Fund				186	(131)	326	381
Youthworker Fund				39,124	(38,283)		841
Sundry Other Funds				(5,169)	6.517		1.348
Gift Day special collection					9,443	(652)	8,791
Homelessness Forum						240	240
Church House Building			Fund		(2,521)		(2,521 )
				448,750	(56,163)	240	392,827
Endowment funds
Expendable Endowment			Fund	12,067	674		12,741
TOTAL FUNDS				961,709	(52,951)		908,758

				Incoming	Resources	Gains	and	Movement
				resources	expended	losses		in funds
				E	f.	E		E
Unrestricted funds
Genera{fund				133,903	(139,948)	2,035		(4,010)
Church House and	Close		House Lettings	14,873	(8,325)			6,548
				148,776	(148,273)	2,035		2,538
Restricted funds
St Peters Building	Fund			336	(8,751)			(8,415)
StJames Building	Fund			3,283	(5,183)			(1,900)
Church Wardens Fund				321	(250)			71
Ukraine Project				27,019	(32,183)			(5,164)
Ministry Development		Fund		1,550	(17,330)			(15,780)
Rwanda Fund				1,140	(1,271)			(131)
Youthworker Fund				817	(39,100)			(38,283)
Sundry Other Funds				10,155	(3,638)			6,517
Gift Day special collection				9,769	(326)			9,4'-f3
Church House Building		Fund			{2,521 )			(2,521)
				54,390	(110,553)			(56,163)
Endowment funds
Expendable Endowment			Fund				674	674
TOTAL FUNDS				203,166	(258,826)	2,709		{52,951)

					Net	Transfers
					movement	between	At
				At 1.1.22	in funds	funds	31.12.22
				E	E	E	E
Unrestricted funds
Generalfund				489,281	(5,131)		484,150
Church House and	Close		House Lettings	6,505	10,237		16,742
				495,786	5,106		500,892
Restricted funds
St Peter's Building	Fund			14,724	(1,258)		13,466
StJames Building	Fund			136,667	150		136,817
LFG Brown deceased Trust					217,920		217,920
Church Wardens Fund				754	252		1,006
Restricted Capital	Fund			169,505	(169,505)
Night Shelter				9,940	(9,940)
Ukraine Project					15,777		15,777
Ministry Development		Fund		41,520	(11,897)		29.623
Rwanda Fund				2,034	(1,602)	(246)	186
Youthworker Fund				48,438	(9,314)		39,124
Sundry Other Funds				2,524	(7,939)	246	(5,169)
				-126,106	22,644		448,750
Endowment funds
Expendable Endowment			Fund	13,906	(1,839)		12,067
TOTAL FUNDS				935,798	25,911		961,709

				Incoming	Resources	Gains and	Movement
				resources	exoended	losses	in funds
				E	E	E	E
Unrestricted funds
Generalfund				120,392	(122,653)	(2,870)	(5,131)
Church House and	Close		House Lettings	15 532	(5,295)		10,237
				135,924	(i27,948)	(2,870)	5,106
Restricted funds
St Peteds Building	Fund			(1,258)			(1,258)
St James Building	Fund			150			150
LFG Brown deceased Trust				217,920			217,920
Church Wardens Fund				252			252
Restricted Capital	Fund			(169,505)			(169,505)
Night Shelter				(9,940)			(9,940)
Ukraine Project				15,777			15,777
Ministry Development		Fund		(11,897)			(11,897)
Rwanda Fund				(1,602)			(1,602)
Youthworker Fund				(9,314)			(9,314)
Sundry Other Funds				50,089	(58,028)		(7,939)
				80,672	(58,028)		22,644
Endowment funds
Expendable Endowment			Fund			(1,839)	(1,839)
TOTAL FUNDS				216,596	(185,976)	(4,709)	25,911

for the Year Ended	31 Dec	ember 2023
			31.12.23	31.12.22
			f	f
INCOME AND ENDOWMENTS
Donations and legacies
Envelopes and Gift	Aid		7,609	8,195
Loose cogections at all servi ces			7,121	7,673
Gift aid			23,195	21,352
Donations, appeals	etc		108,595	80,633
Grants			14,419	16,132
Other income			12,159	13,249
			173,098	147,234
Investment income
Deposit account interest			15,194	5,415
Charitable activities
Letting income			14,874	15,532
Other income
Gain on sale of tangible fixed assets				48,415
Total incoming resources			203,166	216,596
EXPENDITURE
Investment management		costs
Cost of fundraising	activities		527	1,296
Charitable activities
Wages			94,944	22,703
Pensions			3,046
Training and welfare			614	340
Telephone			2,085	1,778
Postage			299	278
Stationery			1,183	1,216
Subscriptions			332	80
Equipment expenses			1,746	1,047
Office running costs			4,263	1,578
Bank charges			137	123
Grants to institutions			5,647	13,197
			114,296	42,340
Support costs
Management
Ministry: Diocesan	Parish	Shar e	67,400	64,200
Clergy expenses			4,008	3,456
Church running			13,254	14,062
Carried forward			84,662	81,718

for the Year Ended 31	December 2023
		31.12.23	31.12.22
		E	E
Management
Srought forward		84,662	81,718
Church maintenance		22, 111	20,490
Church insurance		13,039	11,517
Youth and other work		5,120	1,932
Church House and Close House expenses		10,846	5,295
Organist and music		1,059	275
Ministry Development	Fund		19,450
Other resticted costs		4,376	1,253
		141,213	141,930
Governance costs
Auditors' remuneration		2,790	410
Total resources expended		258,826	185,976
Net (expenditure)/income		(55,660)	30,620