THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF BASINGSTOKE REGISTERED CHARITY NUMBER: 1133775 REPORT AND AUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023
BASINGSTOKE PAROCHIAL CPLIRCH COUNCIL CthNTENTS OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023 Pag• R•port of th• Tru•t• R•wt olthè 1nd•p•t)dtAUdI1Q 8tstsm•nt of Flnandal Aodvlll 10 BAtsnc• 8h••t t1 Ca•h Fbw Slat•m•nt 12 Nal•• to lh• C•*h How Stat•m•nt 13 Not•• to th• Flnanclal 8tst•m•nt• 14 10 24
BASINGSTOKE PAROCHIAL CHURCH COUNCIL REPORT OF THE TRUSTEES FOR THE YEAR ENDED JI DECEMBER 2023 The trustees present thetr report wth the fin8nual statements of the charity for the year ended 31 Decernber 2023. The Injstees have adopted the provisions of Accounts"ng and Reportg by chlties.. Statement of Recommended Pra¢tice P1¢ate to charities prepamg their accounts in accrdnCe %%ith the Finandal Reportwig St&ndard appIlble in the UK and R?public of Ireland IFRS 102) leffertsvg l January 20191. OBJECnVES AND ACTIVITIES Bockground Ba¥inqsloko PCC has the responsibility under the Parochi81 Churth Counds (Pawersl Measure 1956 of cMperaliThg 1th th• Team Rector and othef licensed staff in womoting the thole mission ol the Church pa8toral, evangelistiq soci81 and ?currnnical - in tha Parijh. The PCC ha8 re8pon8ibj.hty for the churches and asBouat•d buildings at All Sainl$'. Christ the ng, si Mlchaels and St Peterts. M•mb•r5hlp M•mbars ol the PCC are etther eXffiCI0. elected at tha APCM, or Cop*d, al In Aecordanca Iha Scheme for tho Electson of the Par0th1 Church Counal approved in 1995 undor tha Church R•presentation Rules. There may bv up lo four gl•cted from eath Team church. Publlc ben•fit The Iruste•8 cenfimi that th¢y have refened to the quidance CDntsined fft the ChArity Comnws8ion's general gwdance on public benefit en r•vlMng th• charity$ aim8 onJ obs'ectiVe$ And In plAnning future actiw¢s. The INJtts6s rnhrto wbllc benefrt throuqhout th1# report. Pag¢ 1
8ASINGSTOKE PAROCHiAL CHURCH COUNCIL REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 DECEMBER 2023 ACHIEVEMENT AND PERFORMANCE Growth and the mlMlng gDn•ratlons Aftèr a Si1C8n1 Season of change and growth l¢adtDg up to thè start of 2023, wv have forJJ5ed on ¢ontlnuing to r¢8th people thile building slrudures 8nd slaff team lo sUprt ihe increased Sunday attendance. Our Sunday services continued to grow in 2023. seeing an SncreasB of 130 people through th8 year. Our 8nnu81 church survey. we conducted in Oclober showed that of those vtho had joined in th? pa8l year moro than a Ihird re either brand new to failh or had been away from church and were rntuming after many years. We not only continued to see growth in numbers, but also nol8ble and significant infftases in Dur target artras ol the younyer goneration5, Wth more than 12D kids and youth nDV4 joINing us on Sunday, and the average age of our total congregation is now belng 39, Nthich 13 in Ihe taryel Tange w¢ WEre set by the church omm15sioner5. In December we saw more than 2,000 peopl8 61t us for Christmas, whlch is a 35% Incrn$¥¢ on la$1 yoae$ number. Along wth the 440 from th¢ South Ham community who c&mE to the Llght Paty. and the 800 see regulaty Sn our primary schools, we have been encouraged by the progress hav• m4d in these 8rea$ In a Short tr'rrffj sinro relaunthing th? parf$h In Sepltner 2022. R•vltallzlng ond planllng A8 2 church on• of lh• m•in ww we look tD rea¢h now people 15 through ofierlng a varioty of tawed Sunday seceS. Durfng 2023 we invested he8 In our bulldlng on 8rfghton Hll lo relaunch it a$ Caf• Church. This relaunched space has sean a 500A gro%h in congregation Ih¥ough Ihe year, and a sionifleant reduction in the average a9e Df congregathon. The inveBtrn8nt in our building here has also expand thè useffiJlnè55 af th• buHdlng lor our mission&1 4ctSvrtl•s, hosting Apha, youth and Olher courses in tho space In 2023, as W11 as 8 weeY coffee mominq. It ha8 also been used for govemance meen9$ and other events. Hawng launched the Eleven qt St MKhael's In October 2022, we have seen be 4 significnt dAvtr ftjr 9T at that location thrDUgh 2023. We have thi$ ye4r18unth•d Kids Chureh alongside the Eleven. a150 ThursdAy Youth and Youth Al8. This ha8 both f8d the groth of the service and h85 in turn seen rn8ny more paople bacomè volunteer8 on team lo run am these Bcliwltes and morè. Wthout their hsrd weth and d•dicatien wa would not b• a to do all that 18 happ•nlng here. We want lo rfrcognise lh• contribuOn of al th03e en team in this 8nnual report. To sbpport Ihe groth and expansion in minlsty it Sl Mithaefg subwitted final ap*IlDn3 In 2023 far signfficant work$ to the buIldg. This 18 hoped to begin in 2024. FimllleB and Youth Core to OUT 18rget ol reaching the rnissing gener8tlons has been a focuB on youth and famifiès in 2023. Wa have hired a Ihird member of the Rising Generations team lo enable u5 to pursue 8dditional schDols ministy and Ihai tsrt( hag now begun. We have also taken on a part-time rnernber of staff to plot • Youth Ouif•9ch and mentDring prolect on the Soulh Ham est8te. This is a dètached piece of youth nISty that Is seelng us connect 1th peoF4e would otherwise not find thernselves M a church setting. Tots groups launehed 8t Dur South Ham and tom contr• locations connecting wth local families Yth9 8r• not part of our conggatiOns. This has been a great space lo connect v•th new P¢Dple and many are now attending on Sundays. A5 a thurth family lopk 85 people lo HTB Fpcus there we wore able to bulld communty across all ages with 8 long weekeno away. This was a slgnlficant investment for us in tem18 of time 8nd rnoney. but Ihè rewards in term5 of corrrnunity building and even people ffinding fath fDr the fit5t tirne have been well worth it. P8ge 2
8ASINGSTOKE PAROCHIAL CHURCH COUNCIL REPORT OF THE TRUSTEES FOR THE YEAR ENDED JI DECEMBER 2023 staff team We have $8en 8 few 8dditiDns lo th8 Staff team this year with 50rne speak locus Dn Creative and Worship mu5ie. We have also increased Dur Admin and fin8Thce capauty vAth some largeted hires in this a. We have 8et up a full let of new HR PDlves for th• staff te¥m, 8nd invested in Iraining 8nd development ftf them thTough training, an ov•mlght ra#t and regLtlar perfonnance rewews. We havt olso conducted Gallup staft engagement surwey lo help us target investment in helFing the staff be their be$t and dEliver bost value forth¢ tharity. The tearn is led dataaY by Revd John Hudson as Rector and Jesslca Thompson vkno 1$ Operatlons Director, along with 8 leadership team including the associate vicar, TateS and Ihe tlnancial eontroller. Govemance and ovorsiaht is wovided ty Ihé trustees ffhe PCCI. FINANCIAL REVIEW Flnanclal P•rformAne• The Stalement of FinBnclal ActIeS reports g net deffdt of £81,37S 12022.. £1,081,833). Income has increased followng Jn increa3e grant funding. Expendilure on thurch activities has inueased th the Impl•m•nl8tlon of tho r•sourc• church prol•el. Th1$ ha8 resulted in a detjcit of E100.888 (2022.. £33,32n, vthen ex¢luding Ihe net gain8 and108Be• on inve8tments and fixed a8s•ts. Flnanclal Po•ltlon The Balgneo Sh••1 r•ports n•t Ass•t8 of £3,978,761 P022'. 24,060.1281. The feductlon In net N88ets li prfmarity due lo the decrease in ¢uThenl a8sel8 and th• wcrea$• In ¢urnnl ¥abil"¢$. Rèstllcted funds comprise £25,31312022'. £29,503). R•••Th•• Pollcy A reserves policy wa3 approved at the March 2023 PCC meeting, lo mainlaln £106,000 In rentral funds, bÈlnB thme manth5 of budgeted expendlture. Rl•k mJMi•m•nt The tru3te8s have a dlty to identify and the risk# to %thlch Ihe thadty la •xpo$•d and to engure appropriate controEs are In Flace lo provhlts reasonable assuran againstfraud and wror. Poll¢y on Rbsks Th• PCC h88 ipprov¢d • h'$t of polgntial riskj and irnpa¢ts ¢ov•ring gDvemAneo eperati¢Jnal rf8ks fmaTrual rtsks and complidnce Tisks. STRUCTURE, GOVERNANCE ANO MANAGEMENT Goveming doeurnent The chanty is Eonlrolled by its governing document in line wlh the Parochi41 Church Councilj (Powernl Measure 1956 a8 amendBd Bnd con8thtute5 an unincorpDrated charity. Pag8 3
BASINGSTOKE PAROCHIAL CHURCH COUNCIL REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 DECEMBER 2023 STRUCTURE. GOVERNANCE AND MANAGEMENT 5aleguarding ststement The PCC has corrplled with Its ty under the Safeguardlng and Clorgy Disdpllne M&a8ure 1¢ have due regard for the House of Blshops, guidanu on safaguarding thildrnn and vulnèrable adults. El•ctoral Roll The nUmr of m8mb•rn on the Parfsh Elactoral Roll was glv•n thè APCM in 2023 as 381 12022.. 3C61. Standlnq Commltt•• Th• Standing Comml¢te• ?5 get out in the 1995 Scheme corrwsey the R•clor. inj7b?nt 810tU$ 88$1$tsnt dergy, Churchward&ns and c) elected members of tho PCC would norm8lly be the PCC Treasurer 8nd PCC Seuetary. In 2023 the elected mernbers tre Stephen Leach IPCC Secntaryl, Gary N8well IPCC Tr•a$urgrl yntu 24104r23 and K?ith Ba5t4n (Vice-chairl from 24104123. PCC BuslD•s• R•vl The PCC mel on five occ•iions in 2023 A8 th•ll as for a short meelng aftor the APCM to •ppoSnt officeT& The 8vtsrage attendance at thè mgln meeOng8 wai 23. Thg PCC received Tegular repart8 from Its group8, including those dealing the latslc of the Parfsh'5 bulldlngs. Safeguarding aFpeared on every agenda lItt particuLgr laklng place at the October meeting. induding social media polSdeJ and the Jtoragt of DBS records. Th• PCC k•pt tho finaneèi of thè P8rish under reviw. Thi# includad foDkln9 #1 th• 2023 lyJdg8t in March and the 2024 budget in December. The appolntment of 8 Fingnce Officer was ogreed in March and the appointment of a Bookkeeper in D8c•mb¢r. Outside of regular 8xp•ndilurè, the PCC agread to spend £50,000 on the rnlufbishmenl of ch11 the Klng and £95,000 an werk at Sgint&', expected to take place in 2024. 80th of these were fund8d from the PCC'S reserves from the Pentire sale. The PCC 94ve £20,000 10 miikion. £10,000 lo eBch ol Be8con Chwch, Blackpool and Christ Churth. RID. Plans for 8xpAndln9 lh• R&lng Gan¢Tafjon8 team wer¢ revlew4d In Jun•. Th•88 Indud¢d supporfng mentoring scheme lor youths in South Ham to bo fijndod by a donabon from Odham Parish and for SGhoo15 Pa$lcrto be fund•d by Ihe PaThatt TrusL Updates were receed regul8rfy coneeming the SDF funded buljdkng plect at SL Mithae18. Th18 Induded agreeing a revised ststement ol needs in Juno. Plans for a Pastoral Scheme lo unite the Parish wth the Parish of Popley Lirnes Park and Rook8dDW V•¢rg first rnis¢d in Marth. No ftjwmal VDpo$41 wa8 wvlcqlvgd 2023 bulwa# exFeCted In 2024. REFERENCE AND ADMINISTRATIVE DETAILS R89i*1orgd Charfty numbqr 1133775 Prfncll •ddr•s• St MKhael's Churth Office Church Squar Baslngstoke Hampshire RG217QW Page 4
BASINGSTOKE PAROCHIAL CHURCH COUNCIL REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 DECEM8ER 2023 Trustees Ilemborshlp Uemters of the PCC are elther exThDffiuo, elected at the APCM, or Dpted, al in aCrdAnce wth Ihe Scheme for the Election of Ihe Parochial Church Council approved in 1995 under the Church RepTes¢ntslfion Rule3. There may be up lo loureleeted members from each Team church. Duiing 2023 the followng 8eNed a? memlxrn.. ExQfficlo: CrgY Revd John Hudson. Rector Rewl PJ Brombley, A$$ociate Minlstèr Revd Nlrola F¢rd, Cur8te- Irom 02107123 Ravd Ed Haycock, Curats ChurelyrdenS Suzanne Cooper Mike Eden5- from 24104r23 Ghis18ine Flutchar Paul Lane Andrew McComilek- from 2410423 Samuel Mensah4teph•ns- from 24104123 Angela N•AI- untll 24104123 Eule Wooll- from 24104123 Ja8on Yorf( D•an•ry Synod Castor Bending- from 01107r23 Jchn Davles- from 01107123 Elisabeth Far11- sJnt4 30106123 Oliver K•y- from 01107123 Stephen Leach. Angela Neal- un1 30106123 Elll? WOD Stephen LeBch WBI Also sn •nWoyee ol the PCC, 98 part-time Facllile8 Manager. Inga Adomavlouts was the non.member PCC Treasurer from 24104123 until D6112123. El•et•d M•mb•rn AU SaSnts C8s1or 8ending- eXrA0 01107123 Davld Hubbard Bethany Neal- from 24104123 David Taylor- until 24104123 Grghsm WDlch- frem 24104ll3 San(ka Welth St Mlcha•l's Kelth Bastin Imce Chalrl Sua INne PAulifte Mayer Gary Newell- until 24104123 NlqrkVAsènlh- from 24104123 Chrl•t th• Klng GIII BAdin- unlll 24104123 Cathy Child- until 24104123 Nigel Drury Shelagh Kavanagh St P•t•rfB SAthya Pradeep Johnson- from 24104123 mdrew Stead CoP1•d John D•vtes- untS1241D4123 Rathael Hig$on- from 24104123 Ollver Key- 24104123 Audltor8 Morris cCker Limited Chartered Accountanls ststutory Auditors Slation Hous8 North Street Havanl Hampshire P09 1QU Page 5
BASINGSTOKE PAROCHIAL CHURGH COUNCIL REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 DECEMBER 2023 STATEMENT OF TRUSTEES. RESPON8181LITIES ThE IrusleE$ are responsi• for preparing the Report of the TTUStees and the financial staternents in accordance 1th aFvl1cae law and United Kingdom Accounting Standards (United Kinadom General Aceepted Accounting Pradice). The law applit3E4e lo charities ITh England and Wales, the Chanties Act 2011, Chanty (Accounts and Reports) Regulalions 2008 and the provlwon¥ olthe trvst d¢¢d requlr¢3 the Irusteès lo prepare fin8naal statements for each financial year vthich give a tnje and fair Mew of the state ol affairs ol the charity and ol the incoming re$ources and application of resources. induding the income 8nd e¥penditure, ol the charity for that period. In preparing those finanag15tatement5. the trvst005 are requirod to soled suitaLlg gcrounbng policaes and th•ll appty Ih•m conslBtsndy; observE the methods and prinaF4as in the Charfty SORP., mako ju(baements and eBtimate$ that are reasonab aTrd pNd8nt.' stste ether 8pplicat4• a¢counlkng standards hov• been follow•d, wtrlect lo ary rnalertpl dep¥rture• disdosed and explained In the financial statements. prepare Ihe financlal st8tements on the going concern basis unless It is inapwopriate to yesume that the charity wll ¢onl'nue in bu8iness. The trustees are rospon$ibl? for k¢¢Frfng woper accounting T¢cords which d15do¥g wilh r•a$onabl¢ accuracy at any time the financ4al position of tho chanty and to enable them to ensure that the financlal stalements comply tho charl•¥ Act 2011, Ihe Charity (Accounts and Reporisl Regulallons 2008 and the provi$ion8 of the trust deed. They are also r¢¥pDn3llAe for 881egu4rding th¢ aJs¢l¥ of the tharity ènd hence for ton9 reasonable 8leps for Ihe ventIOn and detèctlon of f ud and tslher Irr•gul8rftiei. ApFVed by orderol Iho board of trustaès on .......... nd slgn•d on tt8 b•hilf by.. evd J Hudion- Trustee Page 6
REPORT OF THE INDEPENDENT AUDITOR5 TO THE TRUSTEES OF BASINGSTOKE PAROCHIAL CFKJRCH COUNCIL OpSnlon We have audited the financi81 st8tements of 8a5ingstoke Parochial Churth Cnl (the 'eharity'l lor the year ended 31 December 2023 which comprise the Stalement ol Fiancial Activiti¢s, the Balance Sheel, the Cash FIDW Statement and notes to the financial slalements, includin9 a summary ol significant 8c£ounliThg PDllues. The financial reporting frarnework that has been applied in their prepaTaknon is applieable law and United ngdorn Accounting Standard5 {United K4igdom Generally A¢¢epl?d A¢counthn9 Prnth'ckl. In our opinion the financial ststements.. give a tru¢ and fair view of the slate of the eharity's affairs as at 31 Decethr 2023 and ol its ino?rrin9 resources and apicatIon ol resources, for the year then ended., have been propety prepared in accDrdance wrth United lth'ngdom Generally Accepled Accounllng Practlce., and hove en prepared accordance vAth tht r•quirem¢nts ofthe Ch8riti•s Act 2011. Ba18 lor opinion We conductèd OLkr audh In accordance 1th Intemstional Standards on Auditing IUK) USAS IUK)) and applicable law. Our re$ponsilyhties under those standard8 are further described in the Auditors, responsibdities for the audit 01 the flnancial statemants sectlon ol our repotL We are independ?Dt of th charity in accord8nce writh Ihe ethical requlrement5 Ihat are relevant to our audit of the financlal $18tements in the UK, indtsding the FRC'S Ethical Standard, and we have fUlld our olher ethical responsikn'lilies in accordance vith Ihe>e requiremerrt3. We b¢lkiv• that the Vudh evldence we have obtalned 18 suffiaent and appropriate 19 Vpd9 a basi$ for our QFknlon. ConEluiloni rèlallng to golng eone•rn In auditing Ihe financial stalements, we have conduded that th• tru81••$' ol the golng concern basil of Accouniing In the preparatlon of lh finandal 818l•m¢nl$ 1$ gppropriatfr. B88ed on lfve work we have perfomied. hav? not Identified any material uncertainties Telal'ng to ¢vont5 or condition$ Ihal, in%wdualty or call¢dively, m&y cast signrficant doubt on the tharity'8 abil'ty to conlnue as going con¢em for A peri¢xl of at &st ts%*lve months from vknen th? finanrial statem•nt8 or• authorised for issue. OUT re¥)onslbitilies and Ihe re5ponwblThties of the tru•lee¥ %dlh T•8ped to golng concem are delcrfbed In th• relev8nl Se.0¥ of this rgport. Oth•r Inlommdon The tNstees are respon$itrAe for the other inlDmalion. Th? other infoThnation coffynsas the infDmi&ts'on induded In the Annual Report. other than tho lknanaAI Jtalernents gnd our Report ol Ihe Ind8pend8nt Auditors thdreon. Our opinion on the finan1 ¥talemenls doe$ not covèr the Dther inlommlion and, except to the txl•nl 0lh•NAs6 •xplicitty stated ui our report, we do not exkyess any fom7 of 288uranc8 condusion thereon. In connection wth our audil of Ihe fin8ncial ststements. our responsibility is to read the other informziion 8nd, in doing so, consklor thethbr lh• other infornation 13 materieHy inconwstènt wth the financial statements or our kno4%ledg8 obtain8d in Ihe audit or othérwsè appèars to be materlaly $Stated. If w8 in11fy such matarial inconsislancia5 or apparant matèrial mis8t8tements, WE Are required to detÈmiine th•ther this gnies rise to a material misstatement ITh the finanrAal stalernents Ihems8lves. If, based on the work we have performed, we condude that there is a material mis5tatemenl Df this other infDrmation. we are required 19 report that fact. We have nothlng to report In thls regard. Matters on vffioett we ar• Ytqulrnd to rnport by •xc•ptlon We have nothing to report in speCt of the followng maller5 vthern the Charities IAccDunts qnd Reports) R8wlations 2008 r•quir&$ us lo report to you Ir, in our opinion.. the information gNen in the RepDrt of the Trustees is inconsislenl in any material respect V1h the finantaal 8taternents', or Sufficient accDunting reco5 have not b?en kept," or th8 finanrial st8ternen18 are not in agraement thè o¢¢ountlng records and Tetums., or w• have not received al the inlormation and exF4anabon5 wè requi for our outh'L Page 7
REPORT OF THE IKIEPENDENT AUDITORS TO TPE TRUSTEES OF BASNGSTOKE PAROCFIAL CHURCH COUNCIL Responsibllities of trustees As explained more lully in th¢ Stalernenl of Tru¥tees' Responsibiliti'es, th? tsu51ee¥ Bre responbl8 far th preparation of Ihe financial $tslements vthich give a te and fair wiow, and lor suth intemal CDntrol as the tnJ$tees detemyne Is necessary to enable the preparab.on of finanual 5ts1em8nts thal ar free from material mi88tatement, elher due to frzud orerror. lft preparing the finanoal statements, the trustees ar• responsible for assessing thè ch8riV$ ability to continue as a going concem. disdosing, as applic8LIE, matters related to going cohcem ond using the gng ¢oncern basis of accnunting unless the trustees either intend to liquidate the charity or io czase operats'on3, or hava no rg91SsiiG altemallve but to do 30. Our Yesponslbllltles for th• judh of lh• ftnancl41 ststement W• have been appointed as auditors under Section 144 01 the Chxriles Aet 2011 an¢J report M accordance h th? Ad and ret•vant regulalion8 made or having effect thereunder. Our ot¥ectwe$ are to obtain reasonablè assurance about 4thelher Ihe fin8nag1 slatements 88 a vthole are free frem material rr4sstatement, %thelher dué to fraud or error, and to issue 8 Rèport of the Independent Auditors that ndudes our opinion. Reasonable assur8nce is 8 high level of assurance, but 18 not a guaTantee that an dit conducted in accordanc• wth ISAS Iulfj will 8Nvay$ delecl a material misstatem•Trt ¥th¢n il oxist$. Mis5taternents can arise from fraud or eTror and are considered mBt¢rial if, indiwdu8Uy or the aggrèg9te, they Could reasonably be expected to influ•n¢tr tho eeonomle deeljions of users tsken on tho basi6 of Ihese financk418tatamenlg. Th• extent to 1£h Dur wocedurej •re capable of detecting iThegularities. including fraud IB detailed below.. From dlscu#slon management •nd tho$• charyed 1h governance Infomwllon about the ents'ty documentèd to assèss tha adivily w5thin thè organisalion. We discu68 rnan4gament'S 455e55manl af rfsk In respect of irregularities, froud and going concom. 84sed on these dlscus6ion3 and aur ovm ass•ssm•nt5 d•teYmln•d thal thè kéy rtsk Areas We ircome racowition in r•$pect of cut off issuas and management oveThide conceming the size ef the organi5alion. We 8el fmancial siatement mgleri81ily leval b8sad en the level of Income. As a not lor pmfil organi881)n TBiBlnq Income IB its primary focus 1¢h is why Income was used to detemine the level of mat•riallty. Our overall as$vssment ol risk wa3 ujed 19 detern• Perfornn¢e materiality al On appropriate level. substant audit t¢811 re d¢6igned after 414es6ing and perfomiwiq wlkthrough t¢Btg. The Ikthrough le5tlno confinned documenlad sy5toms vthith have been design¢d to act as a pr¢v¥nl8tive measure agalnst fraud and error which appear to be Opera.ng aa documented. Substantive lesting tested a Jample of Ihe PDpulatlon, repr•sont81iv8 of Ihe populai'on, to identty errcrs. The testing did not Idenknfy any m8terf&l migstatement• in afeas tesled. Audtt substgnlvo tests cOndud no rnatertjl •rrprn ov¢r thè key ri•k arnas of nCDme rncognluon and management override. The aud51 considern the organIsAOn 15 not aYP080d to material rfsk of 8mJr as a of a88eBsing laws and Tegulalions Ihal Jr? aPPTDpriale to the organi$•lion. anagement 08se$sed there is no going concem risk. A further desuipbon of our responsiblities for th? audit of the financL41 slatements is IocAl•d on the Financial R8POrtiftg Cotsncfl's web*te at wMY.frc.org.ukJauditorsresponsibilitieB. Thi6 description fonns part of our R•port of the Indopondont Auditors. Page 8
REPORT OF THE INDEPENDENT AUDITORS TO THE TRUSTEES OF BASNGSTOKE PAROCHIAL CHURCH COUNCIL Use of our report This report is made 501eb to the charity's trustees, as a body. in accordance Yith P8rt 4 of the Charilies IAccDunts and Reports) Regulations 20D8. Our audit wort( has been und8rt8k8n so that we nught state to the ch8ntls truslees those matters we are required to State to them in an auditors. report and for no other purpose. Tc tho fullest extent pemiitted by law, we do not accepl or assume re5PDn5iÈility to anyme other than the charity and the charity5 tru3tees as a body, for our audit wo, for thks report, or for the oynions we have formed. Morris Crocker Linwted Chartered Account4n14 Statutory Auditor¥ station Hou8• North Stre H8v8nt H8rry)shire pog 1QU Oite.. 271912024 P808 9
BASINGSTOKE PAROCHIAL CHURCH COUNaL STATEMENT OF FINANaAL ACTIVITIES FOR THE YEAR ENDED 31 OECEMBER 2023 2023 Total funds 2022 Tclal fvnd5 Unfe51ri¢X¢d nds Restrirt•d funds Notes INCOME AND ENDOWMENTS FROhl Donations and l•gad•s 204,865 2,405 207,270 209.846 Ch&rltablg actlvlil Church actiwties 152,506 118,27$ 27D,7B2 66,636 othertradlno octlvitles Invesknent Incom• 105,598 43,369 105,598 43,633 74,255 30,367 Total 506.33B 120,945 627,283 381,104 EXPENDITURE ON R4ing fvnd$ 1,446 1,448 1,912 Charitable •etivbtJ•s Churc activi89 567,098 t59.625 728,723 412.819 T¢tsl 568,544 159,62S 728,169 414,431 Net 9•111)1) on investrnenlj 19,611 19,611 11,048,506} NET INCOMEIIEXPENDITURE) Tr•nsfets b•tWgen lund• 142,6051 134,4921 138,6BOI 34,492 181.3761 11,081,833) 20 N•t mov•m•nt In funds 177,187) <4.1881 181,3751 11.081.833) RECONCILIATION OF FUNDS Total fvnds brought forwgrd 4,030.623 29,503 4.060,128 5,141,9S9 TOTAL FUNDS CARRIED FORWARD 3,953,438 25,31 S 3,978,751 4,060,126 The notes fomi part of these fffiancAal statements Page 10
8ASINGSTOKE PAROCHIAL CHURCH COUNaL BALANCE SHEET 31 OECEMBER 2023 2023 2022 Notes FIXED ASSETS Tangit48 as$ets Investments Investments Investmefit property 13 2,803.659 2.682,112 14 15 234,512 325,ODO 215,001 325,000 3,363,171 3,222,313 CURRENT ASSETS Oebtor# Cih at bank 174.993 842.155 58,416 841,585 817,148 900,001 CREDITORS Amounts lallirtg dL¢e 1h1n one year 17 P01.5881 181.9881 NET CURRENT ASSET8 615,580 838.013 TOTAL ASSETS LESS CURRENT UA81UTIES 3,978,751 4,060,126 NET ASSETS 3,978,751 4.060,126 FUNDS UnmstThcl•d tunds Restricted funds 20 3,9S3,438 25,313 4.030,623 29,503 TOTAL FUWS 3,978,751 4.060,128 Tha finanual ststarn•nlB were 8pprov¢d by the eo¥rd of Trusl8•8 and 4uthortKed for S#iu• on . And V•re sned on its b•hallby'. d8on- Trustee The not98 fomi partofthese finanual statements Page11
BASINGSTOKE PAROCHIAL CHURCH COUNCIL CASH FLOW STATEMENT FOR THE YEAR ENDED 31 DECEMBER 3023 2023 2022 Noles Cash flow5 from opDTrtlng acllvltl•s CaBh genernted from operations (73,279) 164,385) Not cash used in OPgTatinq 173,279) (64,385) Ch flows from Inwsllng a¢tlMItI•s Purchase of iangible fixed assets S818 of langlble fad 8ssel8 SalE Df inveslrnent wop• Interest received 1135.180) P2,8371 311 4,000 88 9,029 Nel used In knvesung Adv*8 1126,1511 118,438) Chang• In cash and ¢4•h •quhMl•nts In Iho rnportlng p•rlod Cush an¢J ¢48h •qulvalents at the b•qlnnlng ol th• reportlng perlod 1199,430) 182.823) 841,585 924,408 Calh and caih •qulv•l•nts •t th• •nd ofth• rnportlnu p•rtod 642,155 841.585 The nDt¢s form part ofthe50 ffinand81 ststemants Pagg 12
BASINGSTOKE PAROCHIAL CHURCH COUNCIL NOTES TO THE CASH FLOW STATEMENT FOR THE YEAR ENDED 31 DECEMBER 2023 RECONCILIATION OF NET EXPENDITURE TO NET CASH FLOW FROkl OPERArnG ACTIVITIES 2023 222 N•t •xp•ndltuY• for th• r•pordng p•rlod ls p•rlhe Statement of Financial ActIlies) Adlustment$for. Depreaats'on charges IGainlll03sp8 on investmBnt$ Interest received Decrease wi stoc5 lftcrease in debtors Incr•A8• In cr8&tor8 {81.3751 {1,081,8331 13,633 119.511) 15,029) 6.70D 1,048,506 1881 1.119 {45,2921 6,503 1116,577) 139.580 Net ci•h uJ•d In operntlon• (73,27è) 184,3851 ANALY815 OF CHANGES IN NET FUNOS At1.1.23 Cajh IIDW At31.12.23 N•t ¢a•h - Cash at bank 841.585 1188,4301 642,155 841.585 1190.430) 642,155 Totsl 841,585 1199,430) 642,155 The notes fomi p8rt ofthese fingncial stAtemerts Page 13
BA51NG5TOKe PAROCHIAL CHURCH COUNCIL NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023 ACCOUNTING poucies Basis of preparing the finanelil ststements The finanual statements of the charity, which is a publc benefit entity undér FRS 102. have been Prepad in accordancE the ChÈAties SORP IFRS 102) 'Accounthn9 and R8POrting by Chatfjlle$'. Statement of Recommended Pradice appficable lo eharfli•s pr•parin9 thelr accounts In Aceordancè vAth the Financial Reporbng Stand8rd applicable in the UK and Republic ol Ireland IFRS 1021 leffeclive 1 January 20191,. Fknancial Reporlin9 Stsndard 102 'The Financ481 Reporting St8nd#rd 8ppfirable in the UK and Republic 01114nd. and the Charfties Act 2011. The financi81 statements have been pr8par&d under the h1stori1 cost convention. vthth the excepts'on of Investmenls vthlch are incjudod at Maet value, as modfl•d by th• revalvdon of certain a85et¥. The trustees con8id¢r Ihal Ih•re are no maierial unrXrtatI8I about the Charitys alxlity tc Continue 85 a golng concem. Ineome All incorne 1$ Cognised in the Statement of Finanaal ActiMtie$ once th& charbty hai èntiuement to th• lund&, rt 18 probable thal th• Income be rncaived End the Brnount can b8 maasured rnliakty. Exp•ndltur• L1atsli'eS are recognised a8 •xpendlturn •% goon A8 th•re li a 1•gal or eonstrudlv• obligallDn eommith.na th• th4rfty to that •XP8ndlture, it IB prob8ble that a transfer of economic benefits wll be required in settlement and Ihe amount of Ihe oblioalion can be rneasured reliably. Expanditure is $ccounted for on an accruals basis and hgs been dassifred under haodings that aggr•g8le all cost related to Ihe categury. Where costs cannot be direcljy athilyjted to P8rticular h•ading5 they have been allocated lo activltiei on a basis consistent with thè use of rnsourcèi. Tanglbl• flx•d 4•s•I• Depreaatson is provided al Ihe fcllo%%inq Ennual rnte8 in order to write off •ach asset over its estimaled uselul Ilfe. FIUB and ffttrngs Equipmont 10% on cost 20% on c051 and 10% on ¢ost Fr•ehold property is not being depreated on the ba515 that it would be invnaterial due to all properties having high residual v8bJe8. The carrying valu•s of tangit41 flx•d ass•ts ar• rnviowed lor impalrm6nt In accordance with the requiremenli of FRS 102. Invetfflent property The vae ol investment propertie5 at Ihe balanc8 sheet date 15 revie¥%d annualty by the Truste•s. Any SUu$ or deficit in the value of the properties is re¢tell In the Stslement ol Finanu81 Aclmties. Taxation The charftyls exernpt frcffl tax on its ch8dtaUo 3¢bvitles. Fund a¢counttng Unr•stri¢ted funds can be used in accordance the di9(4tO objedves at the discretron ol the tru51ees. Restricted funds only be used for paiicular restricted pUoSe$ wthin the objects of the charity. Restrictions arfsè uthen spècified by ihts donor or whèn lund6 ar¢ ralsèd for pgrtcular re5tiided pUots. Further exF4anation of the nature #nd pUoSe ol each lund Is induded in the notes to the ffinanelal 5tat¢ments. Flnanclal Instrunwnts The charity only enters into basic fin8nci81 in$truments transactions that re$uh in the recognition of finanaal a$$ets and liabifities like trade and other a¢unt$ receivaue and payat4e and investments in stocks and shares. The Theasurernent ba818 U3ed forthesB instwmen18 is detailed below. Page 14 continued..
BASINGSTOKE PAROCHIAL CHURCH COUNCIL NOTES TO THE FINANCIAL STATEMENTS- con11nued FOR THE YEAR ENDED 31 DECEMBER 2023 INCOME FROM CHAPJTABLE ACTMTIES 2023 2022 Ac1ivlty Fees forweddings and fun?ral¥ Grants Churth ac1w1S Churth aclNities 15,808 254,974 12,445 54,191 270,782 66,636 RAISING FLINDS Other trading activiti•• 2023 2022 Fundraising trading Investm•nt manllg•m•nt co•t• 2023 2022 Portfolio m•nag•rn•nt 1,446 1,481 A9qregate amounti 1,446 1,612 CHARITA8Le ACllVITES COSTS Dire Costs Ise• note 81 SuFPOrt costs (see not• 91 TolalB Church Activities 881.587 45,156 726,723 DIRECT COSTS OF CHARITABLE ACTMTIEB 2023 2022 Stsfl costs Church njnnlng expenses Hall running co¥t$ Church repalrs & molntenAn ljission giwng and tlonalion3 Hall repairs & mAinnanee Bad debts Depreriation Parish Share 216.960 179,329 108.058 30,465 10,922 12,982 1,936 13,633 107,282 68,776 83,833 31,6g4 51.864 312 37,84S 8,700 112,497 681,567 393,521 Page 18 nlnu¢(L..
BASINGSTOKE PAROCHIAL CHURCH COUNCIL NOTES TO THE FINANCIAL STATEMENTS- continued FOR THE YEAR ENDED 31 DECEM8ER 2023 ACCOUNTING pouoes- contlnu•d Flnanclal InstruTh¢nts Debtors and ush it b•n Trade and other debtors are recegnis•d At the sètuémént amount dua aftar any trad8 discount off•r•d. Prepayments ar8 valued at the amount prepaid net of any trade diicounts due. Cash at bank and In hand indud•s cash hdd on deposit or In a r#Jrrenl acCUnt. Credltorl and provlsloni Creditors and prowsions are cognised wheT¢ the ¢hBrity haB a pr•¥enl obligation resulting from a past event that probably resutt in the transfer of fund5 to a Ihird party and Ihe amwnt due to ietlkg the obligation ran be measured or estimated r6liAbly. CreL*lorn and promsions arn nomi•lly recognlsvd at thelr setllem¢nt amount afterall0•9 for any trade discounts due. Invo8tsnont• Investments are 8 fomi of basic flnanclal instrument and are ltialty rocognlsed 01 th•lr tron¥zcb"on valu• gnd 8ubsequ•nfy meajuied at their fatr va? as at the balance sheet date using the dosing quoted market price. The st8t&ment Df financial 4ctivilv)s inthde¥ th• net galns and 1086¢$ arislnq on Tevalu4lion and disposal$ thrOuot the year. DONAnONS AND LEGACIES 2023 2022 Planned givin9 Donations •nd Legac4OS Gift aid Coll•don8 at s•Nic•g 128,920 67,187 6.330 4,B33 126.273 53,718 14,110 15.74S 207,270 209.846 OTHER TRADING ACTIVITIES 2023 2022 Church evenlB Church hAII18ttlngs 15.475 90.123 14,556 59,859 105,S98 74,25S INVESTMENT INCOME 2023 2022 R•nls recelved Divtdend Incon Deposit accounl interest 28,380 6,224 9,029 23.915 6,364 88 43.633 30,367 Al investment income is derived 1M aBsds held in the United Kingdom. Page 15 eonlonued..
BA8INGSTOKE PAROCHIAL CHURCH COUNCIL NOTES TO THE FINANCIAL STATEMENTS- continu FOR THE YEAR ENDED 31 DECEMBER 2023 SUPPORT COSTS Govemanee costs Flnanee Totals Churth acimties 1,835 43,321 45,1 $6 Support co3t8, Induded In the abo, 4r0 gs follows.. Fln•n¢e 2023 Churth 2022 Tot81 •ctivitie4 Bank charges 1,835 1,330 Govem4nc• costa 2023 ChurcJ> acti¥Miei 2022 Totsl activitie$ Auditors, remuneration L•qal and profe8sion81 fe88 6,137 37,184 8,340 11,628 43,321 17,968 10. TRUSTEES, REMUNERATION AND BENEFITS Durfng the year 1 trusl•e¥ (2022.. 1 truit•el r•c•fvad remuneration or othw benefft• totaln9 £16,589 12022.. £14,762). Tnts•8' •xp•nM• Ourin9 the yèar no truiteals) 12022.. no tni8teesl were reimbursed out ol pocket •xwnJ•$ for totoklng £nil12022.' £nill. 11. STAFF COST8 2023 2022 S8brie8 and wag85 Pension cost$ 213,883 3.077 68,Q04 772 216.gso 68,776 The koy managemont person•1 of tho tharity comprise of Operational manager. The total eM0ye benefits. conyjrising salary, pension contributions and EnTrloyerB N8tional Insurdnce contrit*Jtions of the key managemenl per¥onn•l of Ihe chArity tre £25,21512022 ..£8,8001 Avernge monthly numberolemployees 13 Page 17 continued..
8A51NG5TOKE PAAOCHIAL CHURCH COUNUL NOTES TO THE FINANCIAL STATEMENTS- continued FOR THE YEAR ENDED 31 OECEMBER 2023 11 COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTMTIES UnMstrict•d fvnd5 R•slricted fund$ Tota funds INCOME AND ENDOWMENTS FROM Donations and leggd•s 209,115 731 209,848 Charft&ble acllNItI•J Churth actiwts•i 68,636 66,636 Olhertr8ding ac'¥Atles Investrnent Incorne 74,255 30,367 74.255 30,367 Tot•1 380.373 731 381,104 EXPENDITURE OM Rol8Sng fundj 1.612 1,612 Charltbl• actlvltle• Churth adwtse8 402,949 9,870 412,819 Totsl 404,S61 9.87D 414,431 Nel gaInO081*$I on Inve$tm•nts 11,048,506) (1.048,5061 NET INCOMEIIEXPENDITUREI TMnsl•r• b1th•n fund• 11.072,6941 P.6251 19,1391 <1,081,833) 2,825 N•t mowm•nt In fund• (1.075,5191 16,3141 11,081,8331 RECONCIUATION OF FUNOS Tot81 funds brought fmBrd 5,1(6,142 35,817 5.141,959 TOTAL FUNDS CARRIED FORWARD 4.030,623 29,503 4,C60,126 Page 18 conlinued...
BASINGSTOKE P•lROCHIAL CHURCH COUNCIL NOTES TO THE FINANQAL STATEMENT5- contlnued FOR THE YEAR ENDED 310ECEMBER 2023 1& TANGIBLE FIXED ASSETS Fix1u$ and fI(ng5 Freehold propety Equipment Totals COST Al l January 2023 Adthons 2,633,040 24,538 22,772 50,341 112,408 2.707,919 135.180 At 31 Decomber2023 2.633.040 47.310 162.749 2.843,099 DEPRECIATION Al 1 J8nu8ry 2023 Chgrga for yegr 8,587 3,227 17,220 10.406 25.807 13,633 Al 31 De¢ber 2023 11,814 27,626 39,440 NET BOOKVALUE At 31 D•cemb•r 2023 2,633,040 35,496 135,123 2,803,659 At 31 December2022 2.833,040 15,951 33,121 2,882,112 14. FIXED ASSET INVESTMENTS Llsted knvestrftents MARKET VALUE At 1 January 2023 Revalu4tiani 215,001 19.511 At 31 O•cambat 2023 234,512 NET BOOK VALUE Al 31 December 2023 284,512 Al JI Uecember 2022 215,LKJI Th* ware no inve$lmeDt asB•ts outside the UK. 15. INVESTMENT PROPERTY FAIR VALUE At 1 Januory 2023 and 31 D•comb•r 2023 325,000 NET BOOK VALUE At 31 December 2023 325,000 At 31 DecOr2022 325,000 As al 31 December 2023 One property (2022.. One property) is held on the basis to earn rental incom?. Pag¢ 19 ¢onliftu¢d...
BASINGSTOKE PAROCHIAL CHURCH COUNCIL NOTES TO THE FINANCIAL STATEMENTS- COntind FOR THE YEAR ENDED 31 DECEMBER 2023 1& INVESTMENT PROPERTY- ¢oniinu?d An extemal vaallOn of the freehold property was canied out by Curehod & Co, Chartered Surveyors &Commerclal Property Agents on 14 March 2023 and 8 revaluation 8¢lustment h8s bèan recogni50d for Ihe year ended 31 December 2022. Th? Trustees have vieWed for 31 Decernb¢r 2023 and the vakte of the properties ramains the same. This valuation wa5 made in accordan wth the SORP and the RICS )praIsa1 and Valuation Manual. 16. DEBTORS: AMOUNTS FALUNG DUE WITHIN ONE YEAR 2023 2022 Trade debtors Other debtors 108,582 66,411 4,115 54.301 174,993 58,416 17. CREDITORS.. AMOUNT8 FALUNG OUE VIITHIN ONE YEAR 2023 2022 Trnde creditorn Othercraditors 28,955 172,613 6,751 55,237 201,568 61,888 Induded tho b¥1•n ol clher rreditvr¥ 13 an arnount of £106.420 vthith retales tc Jccwed income. Thls accnjed Income has btren accwod a$ a $11 of rnoney being rec¢ived in advance in order to covèr vgriOUJ Stoff t. There no accTrJed incorne in the Or finanLial period. LEA31NG AGREEMENT8 Minimum lethse payments undern0nwcanIle operating lease8 fall due as follows.. 2023 2022 Imthin or¢e yeor one and flve years 1,000 1,000 1,000 1,000 2,000 19. ANALYSIS OF hlET ASSETS BETWEEN FUNDS 2023 Tolal fundi 2022 Tolal nd# UnTesb?cted fund8 Rethcted fund8 Flxed as8•tS Investments Current assetB Current liabile$ 2,803.659 559,S12 751,835 (201,5681 2,8D3,659 559.512 817,148 (201,5681 2.682,112 540,001 900,001 161,9881 25.313 3,953,438 25,313 3,978,751 4,060,126 Page 20 oninued...
BASINGSTOKE PAROCHIAL CHURCH COUNCIL NOTES TO THE FINANCIAL STATEMENTS- continued FOR THE YEAR ENDED 31 DECEMBER 2023 MOVEMENT IN FUNOS Not movemenl in funds Transfers beNveen funds At 1.123 31.12.23 Unrestrlcted funds General fund uilding fund Repair (Designated) Choir (Designated) Sunday Sthool (Deslgnatedl 343,845 3.643,230 31,973 200 11,375 125,537) 110.579) 11,8021 (34,492) 283,818 3,632.651 30,171 200 6,600 14,775) 4,030,623 142,893) 134,4921 3,953,438 Restrictsd fun Fabric, fittings & fine art fund Memorial di$F4ay fund Choir fund Flowerfund Daisy Smith dIscreOnry fund Daisy Smith music & educallvn fvnd Homeless lund Sm811 $8in18 fund Belfry fund Bels fund R•pairfvnd Audiolvi5u81 fund SDF Funding 5,559 1,718 239 1.762 583 171 2,084 46 4,391 1844) 4,715 1,718 239 498 563 171 2,084 46 5,198 IS181 683 9.916 11.2841 807 15181 12,970 13,0541 134,4921 34,492 29,503 138,6821 34.492 25,313 TOTAL FUNDS 4,060,128 {81,3751 3,978.751 Net rnovement in lund8, induded in lh• •0 or• 48 fr410.. Incoming re50urce8 R¢source$ expended Gains •nd 106$8S MoveAt in fvnds Unr•strl¢t•d fund• General ftjnd Bulding lund Repair (Designoledl Sunday School IDe*gnaledl 506,016 1555,8031 110.5791 (2.16DI 24,251 125,5371 110,5191 11,8021 14.7751 358 15,0981 323 5rKs,338 1568,5421 19,511 {42,6931 R•strl¢t•d fvnds Fabri¢, filling3 & fine art fund Flower fund Bewry fund Bells fund Repairfund Audiofvisual fvnd SDF Funding 1844) 11,2641 11,2381 11,1461 114DI 13,0541 1151.9411 1644) 11,2641 807 15181 683 13,0541 134,4921 2.045 628 823 117.449 120,945 1159,6271 138,8821 TOTAL FUNDS 827,283 (728,169} 19,511 181,3751 Page 21 o)nlinuod...
BASINGSTOKE PAROCHIAL CHURCH GOUNCIL NOTES TO THE FINANaAL STATEMENTS- continued FOR THE YEAR ENDED 31 DECEMBER 2023 20. MOVEMENT W FthNDS-connUed ComparnttveB for movement in funds Nel mDv•m•nt In fvnd$ Transferyd b•ttveen fund8 At 31.12.22 At1.1.22 Unrestrleted nd% General fund Bullding fund Ropair (D8sSgnat•dl Choir (Desiated) Sunday School IDaslgn8t8dl 389,556 4,653.865 50.473 {37,5161 11.018,8301 {15,6751 200 (8731 18,1951 8.195 (2,8251 343,845 3.643.230 31.973 200 11,375 12,248 5,106,142 11.072,694) (2.8251 4.030.623 Restrlct•d lunds F&bric, frtlings & fine art lund Memorial di5plsy fund Choir fvnd Flower fun(1 Daisy Srrdlh discretionary fund Daisy Smrth music & education fund Hom•les8 fvnd Sm811 saints fund Belfry fund Be115 fund AudiolvSsu81 fund S,797 1,718 500 2,720 $63 171 2.084 46 4.391 2,689 15,132 (238) 5.559 1,716 239 1,762 563 171 2,084 40 4.391 (2611 19641 15,5141 12.1821 2,825 12,970 35,817 19,13D) 2,825 29,503 TOTAL FUNDS 5.141.959 11.081,833} 4,060,126 Cornpar4live nel movernent In fijnds, Induded In the above are as follo.. Incoming resources Resources expended Gains and 1068e8 Movement in fvnds Unrn*td¢ted fund• General fund Buldinq fund Repair IDesignAted) Choir IDe8lw8tedl Sunday School IDe$ignatedl 378,207 (387.8461 (27,8771 137,5181 11,018,830) 11,016.8301 18791 115,6751 200 18731 1,645 2DO 321 118,6411 (74 11,1201 380,373 I404,1} (1.048,506) 11,072,694) Restrf¢ted lunds Fabric, frttiTrJs & fine art fvnd Choir lund Flower funil Bells fund Audiol¥Asual fund 5Q1 (7391 12611 11,1941 15,5141 12,1621 1238 12611 1964} 15,514) 12,162) 230 731 19,8701 19,139) TOTAL FUNDS 381,1Q4 1414,4311 11,Q48,5061 11,081,633) Page 22 ontinuod...
BASINGSTOKE PAROCHIAL CHURCH COUNCIL NOTES TO THE FINANCIAL STATEMENTS- Contind FOR ThE YEAR ENDED 31 DECEMBER 2023 2D. MOVEMENT IN FUNDS-continued RepairfundB Ideglqnatsdl Fund5 Are d•si9nated to be used fDr the f8bric upkeep of the Al Saints buildng. Choir fund (d•s19natedl Funds are designAted to be used for cost8 in relation to th• St. Mlchaefs Church cholr. Sunday sehool Ideslgnatedl Funds are de$ignat8d ta b8 used to fut1hér tha V40fk of St. Michaefs Church relatl)n to the Teligious edu¢ab"on of children and young people. Fabrfc, ffttlngl & fln• art fund Funds are used to pay for repalrs and purchases in r•Won to the fRtrtc. flttSngs and fine are ol St Michael's Church. Memorlal dlsplay lund Funds Vre used to purch8se an interactive World War l M¢mortal Display has be•n instèl•d in the Memorial Chapel of St MKhaefs Churth. R?mainlng fiJnd8 are rnserved to pay for possible rfutLbre changes to the disF44y Sunday school fund Funds are used to further the work of Sl. Micha•fs Churth In rnlation to the re15¥ou8 education of hildren and young p¢oplè. Tufty elub fund ResiduAI balance for Children'$ Roqd S•fty Cb has Élnu slopped. funds r•laln•d lo ba UA•d on a different but relatsd purFQS•. Flow•r fund Funds are tssed to coverthe costj invofved in providlng oT# IDr dacorAling St. Mlchael's Church. D41sy Smlth dlJ¢retion4ryfund Being retained lund5 rnceiv¢d from a £500 legacy, to be used on ad hoc nlnor •xp8ni8s ot the discretion of tha priest in charge. DaÉ5y Sfflith musle & •dueatlon fund Also beinq taIned fund¥ received from J £500 le9aey noted above to be used to he in m¢al educats'on for ¢hildren. For ox•ftpfo, recent has iiduded thoral Irainln9 for a t•enage choir member. Homelea• lund Funds are used to support work ¥%lth homaless people in Ba$ing$loko. They have been used to Ver CDgt5 ineurrEd in the running of the Night Light thIer Shelter at st Mlchael's Chulch and lo make donations to Ihe ca(ose Centre. Bellry lund Funds are used to pay for repairs and purchases in relathon to the bdlry of Si. Mlchael's Church. B•lls lund Bemg for the mnning of tha Al Saints Btsilringlng tèam and bell tower related ma#)i¢nan¢o. Repair8 fund Fund$ from various historic donations baing used lorthe fabric upkeep of the Al Saints building. Audlolvl$ual fund Funds tre used toward$ thg cost of the PUT¢hase and m)stallaOn of a new AudirVisual system at SL Mlch8efs Churth. This induded a major upgrade lo the sound system and new video projectiDn faCdIe$. Pagg 23 conbnued...
BASINGSTOKE PARO(>IIAL CFAJRCH COUNCIL NOTES TO THE FINANaAL 8TATEMENTS- continu•d FQR THeYEAR ENDECI 31 DECEMBER 2023 21. RELATED PARTY IXSCLOSURES There no relaled paty transacbon& forth• pvAod 31 DerAmber2023. P4ge 24