PAROCHIAL CIIURCH COUNCIL OF THE ECCLESIASTICAL PAIUSH OF ST PAUL'S CHICHESTER (REGISTERED CHARITY NO. 1133785) TRUSTEES ANNUAL REPORT AND FINANCIAL STATEMENTS FOR THE YEAR EM)ED 31 DECEMBER 2023 Principal address St Paul's Church Churchside Cbi¢hes*r West Sussex P019 6FT Independent examiner Christine Deacon Bsc FCA cfA Lewis Brownlee (Chichester) Limited Appledram Bams Birdhajn Road Chich¢ster P020 7EQ Bankers Barclays Bank plc 74175 East Street Chichester West Sussex P019 IHR
PAROCHIAL CHURCH COUNCIL OF ST PAUL'S CHICHESTER ANNUAL REPORT AND FINANCIAL STATEMEiYrs FOR THE YEAR ENDED 31 DECEMBER 2023 CONTENTS PAGES Trustees, Atmual report Statement of responsibilities of the mernbe of the PCC Independent examinerfs report Statement of financial activities Balance sheet io Notes to the fllwicial statements 11-20
PAROCHIAL CHURCH COUNCIL OF ST PAUL'S CHtCHESTER TRUSTEES, ANNUAL REPORT YEAR ENDED 31 DECEMBER 2023 The members have pleasure in preseoting their report and the unaudited financial statrments of the charity for the year ended 31 Decetllber 2023. Our aims and puryoses as a charity St Paul's PCC became a registered clwity on 26 January 2010. The cl]arity'S nanle is The Parochial Church Council of the Ecclesi&stical Parish of St Pauls, Chichester and the charity number is 1133785. When planning our activities for the year, the incumbent and the Parochial Church Council have considered the Charity Conmiission's guidance on public benefit anQ in particular. tbe specific guidance on 'charities for the advancement of religioll,. The Council has complied with tbe duty under section 5 of the Safeguarding and Clergy Discipline Measure 2016, fillly recognising its duty to have due regard to House of Bishops, guidance on safeguarding children and th]erabLe adults. Our Goals After a consultation with the congregation in 2017, the PCC adopted five goals towards which we continue to work. They are as follows: l. A true parish church - rooted in the life of the city, responsive to local needs. and open to all. 2. A place of imaginative and inspirillg WOTship, with the Eucharist at our heart. 3. A community of faith, committed to deepening our own discipleship and nurtUTiDg the faith of others, not least children and young people. 4. A chuTch that protnotes a culture of Inclusio safeguarding, stewardsbip and good governance. 5. A supportive and caring Congregatio with strong mission links and a commitment to environmentsl sustainability. These were reviewed by the PCC in October 2021 but were not significantly changed. How we are seeking to be a true parish church - rooted in the life of the city, responsive to local needs, and open to all. St Paul's provides space for all Ma[er of groups to mee( both those that have the roots in the cburch and others from the wider comn]unity. Church-run groups included the Mothei's Union, the Boys. (and Girls,) Brigade, the F3A group (Fellowsbip of the Third Age), a Ladies, Group alld a number of groups and activities for children that are described below.
Tbe parish centre was widely used in the year. The centre was used by Confide, a counselling service forpeople on low incomes. It gave space formeetings and language lessons forrefugees and asylum seekers who are linked to Sanctuary in Chicbestei. There were weekly meetings of Say Aphasia that offers support to stroke patients and the Chi¢hester Festival Theatre's Friday Company for youllg adutts over the age of 25 witb leaniing difficulties. Think Out. an organisation that enables people over 18 wbo have learning difficulties to meet and enjoy different activities, also met at St Paul's. The young people served coffee after the loam Eucbarist on Thursdays and provided conununity lunches every Wednesday during temi- time. A local company generously donated materials for the building of two raised beds in which the young people can grow vegetables for their own use and as ingredients for the lunche8. Jn addition, tbe centre was regularly used by fifteen voEuntary organisations and there were numerous occasional meetings. The church was used by a rock choir. rehearsals of the Chichester Singers. the NHS Blood Transfusion servTce for blood donor sessions and ABRSM music exatns. Seven Festival of Cbichester events were held at St Paul's. Otber concerts also took place during the year. The church was used by two state schools, as well as St Joseph's, a Cburch of England voluntary aided school within the paTisl4 for productions and special serYice5 at Easter. Harvest and Christmas and for Year 6 leave[5. The Coronation was marked at St Paul's by a tea party on Sunday 7 May that was attended by over one hundred and fify people. On the following Monday. some members of the congregation took part in lÈtter picking and a tree survey in the PISh as part of the King's call for voluntary action. St Michael's Hall continued to offer the only significant meeting place in the large residential area in the north of the city. It was in almost constant use by keep fit classes, art groups. Brownies and Rainbows, residents. groups and for rehearsals of the Chichester City Brass Band. It also provided the venu¢ for monthly tea parties on Sundays for members of the congregation and beyond. How St Paul's is a place of imaginative and inspiring worship? With the Eucharist at our heart. The main service, at which the Eucharist is celebrated. took place at 10am on Sundays. There was also a Eucllarist on Thursday mornings. During the interregnum, Morning Prayer w&$ said on Tuesdays and Thursdays and there were occasional services such as Choral Evensong, a pet service, Community Carols (attended by Rusty the donkey) and a Crib and Christingle service. A substantial newsletter The Grapevine is published each month (apart from August) that gives detsils of services and events alld contains articles for reflection. During the year there were twenty-one baptisms, two readings of balms, twelve funerals, and two internients of ashes.
How St Paul's aspires to be a community of faith, Cotnmitted to deepening our own discipleship and nurturing the faith of others, not least children young people. St Paul's continued to offer many opportunities for deepening discipleship and nurturing the faith of others. St Paul's followed the diocesan Lent course on the Old Testament. During the year Bible study sessions followed the Thursday Eucharists. There was a pilgrimage to Walsingham foi adults in September. There were several organisations for youllger members of the church. The average attendance at Sunday School was thirty five. Twenty five children attended Ignite for Years 3 to 6 and the Boys, (and Girls,) Brigade had twelve members. YOYO, for older children, had four members. Messy Church attracted foty children and theiT carers. In March there was a children's pilgrimage to Walsingharn. In June, six adults and six children were confirnied. A grant from the Diocesall Mission Fund continued to make possible the continued employment of a schools. worker to work nInlY in St Joseph's Academy. St Paul's provided Bibles for the Year 6 leavers. How Ive are working toiyards being a churcb that promotes a culture of inclusion, safeguarding? Stewardship and good goi'ernance. St Paul's is an Inclusive church and the congregation reflects the diversity within the parish. It is attended by people of all ages and they are encouraged to play an active part in services and a wide range of volunteer roles. There is no distinction between men and women in the offices that can be held. The number recorded on the electoral roll at the Annual PaTochial Church Meeting on I l May 2023 was 249, an inCree of 13 froTn 2022. Three natnes were added during the year after approval from the PCC. The PCC met six tirnes in 2023. The average attendance was 8001,. The PCC received regular reports on finance and safeguarding and took steps to ensure that the safeguarding policies Telatkng to children and to vulnerable adults were up to date and prominently displayed. The incumbent, Rev'd Canon Simon Hollan(I left at E&ster 2023 to become the illterim Dean at the Chichester cathedral. Subsequently a significant part of the PCC'S business was concerlled with the processes required to appoint a new rector. The June meeting was attended by the Archdeacon of Chichester. the Vcn. Rev'd Luke Irvine Capel, who talked in detail about the steps that would have to be taken. He touched on tbe need for the preparation of parish profiles, both for Si Paul's and aIso for St Peter's, WesthampnetL aTrangements for advertising and the likely timetable. A Section I I n]eeting was held on 3 July at which the parisb profiles were agreed and lay representatives from St Paul's and St Peter's were appointed to serve on the illterviewing panel. David Foster and Jeannie Taylor were appointed as the representatives from St Paul's. Other tterS discussed by the PCC during the year included car parking at St Michael's the use of incense, the possibility of purchasing some chairs with arms for the church, the celebrations to mark the Coronation, the appointment of a new kitchen nger, the reinvigoration of the pastoral care scheme. a memorial to commemorate people whose ashes bad been interred in the church garden. the creation of a church conlact list, the re-
introduction of servers. No-mow May, and a proposal to install a cross on the west wall of the church. How we try to be a Supportive and caring congregation, stroDg mission links and a commitment to environmental sustainability. St Paul's has long-standing commitment to give five per cent of income to mission agencies and charities. In 2023 this amount was £5400. Donations of £540 were llde to the main missioii parer$ (the Church Mission Society, C]]ristian Ai(L BEATS, Chichester Diocese West Africa Link and the United Society for Partners iu the Gospel). Additionally, metnbers of the congregation were invited to nominate C}ltieS to receive money. This apportionment was niade as lollows. Payments of £450 were made to Médecins Sans Frontières that provides en]ergency medicine in seventy countries worldwide, Sajnaritans tbat provides emotional support to people in distress. Parenting Mental Health that supports parents of children with melltsl health issues, HEART. a Eocal charity, that provides hot meals to people who are homeless OT in llee My Sister's House that helps women at risk of domestic abuse and tbe Chichester Foodbank. The PCC agreed that funding for these charities would be limited to a three-year period overall in order to allow other charities to be nominated. Suppletnentary funds for mission were raised during the year from the parish barbecue in July and a barn dance ill October. A monthly donation of food and toiletries to Stonepillow, a local hotnelesslless charity, contiT)ued. In additioJL solne members of the congregation sang carols outside the Festival Theatre in late December to rdtse money for Stonepillow. At Christtnas, members of the congregation bought toys to be given to children who had contact with the Diocesan FatDily Social Work projects. A collection was made in church in Chrlstian Aid Week. St Paul's is a Fair-Trade church and we are committed to using fair trade products wherever possible. We continued to hold an Eco-¢ongregation awar(L Governance and management of the eharlty The Parochial Church Council (PCC) is registered with the Clwity Commission as required by the Charities Act 2011. Its governing document is the Parocbial Church Councils (Powers) Measure 1956. Committees The Standing Committee is the only committee required by law. It has power to transact the business of the PCC between its meetings, subject to any direction given by the Council. It did not meet in 2023. Risks The PCC have Mryewed and assessed the risks relating to its activities and satisfied that they have taken all reasonable steps to limit or provide cover for the major risks.
Reseryes It is PCC policy to Jnaillthiti a balance on the unrestricted reserves (excluding propety) which it ¢onsiders appropriate &¥ a contingency for unforeseen bill& The General Fund (which ts effectively the ut]restri¢ted fid exoludillg a]l the desIgllad funds) had a balance at the year-end of £186.378 (2022 £122257) Investment Polfides The PCC has authority andpower invest its fimds in accordanc£ with its leg rewnsibilities. Membership of Parochial ChllTch Council (PCQ During the year the followsng served as thembers of tbe Parocbiai Clwrcb Council: Ex Officio rnémbers In¢umbenL The Rcv'd CaThon Simoll Hol]and ChairnaD (until Easter 2023) The Rrv'd Bachel Hawes A&wctate Rector ChwchwardeDS: David Foster (fiL)m May 2023. Vice-chainDao uatil Easter. Chaitmats from FA%ter} JeaDnie Tayl(O (from May 2023. PCC m¢mlxruatil May2023) Margaret HeaEd (ex-officio, Dio¢¢saa Synod) ElecÈedMgmbers Jane Cberry (ccwt&l from June 2023) Chatlcs Gauntlett (froEll May 2021} Bethany Herrod (fro May 2022) Mark Hou {frorn May 20231 Clwital Lushiogts)n (from May 2023. Previously ClOpted) Cbrisiine Meaden (from May 2023) Cbris Merriell (from May 2021) Avril leStall {from May 2021) Richard Radford (from May 2021) Valerie Sarg&qllt {ulltil May 2023) Katrina Shippam {s18ed during 2023) Katy Stephell (from May 2023) Roddick Smith (Treasurer) Cbantal Tollditison (uttbl May 2023) •StAlldiDg Committee member Deanerysynod Caroline Adams (from May 2023) Jennie Aitchistin {from May 2023. PCC member ulltil May 2023) Margie Cajdicott (from May 2023) Marttll TOTnlill (sttond tern of office from May 2023) Secretary FmtDa Baverstock Memberthtp of the PCC is determined wider the Church Represelltation Rules aad cOlsts of certain ex-officio ember5 (the incumbenvpriest-in-charge, curate, lay reader5 ]icensed to officiate in the churcbl, the churchvlardens ad ttlembers of the Deallery. Dioces&n or General Synods and 12 mernber5 of the ¢hurclL This TrLLgk&%' Annual 8iglled oo their rt approved by the PCC and avid Foster. PCC Chairm Date...............
PAROCHIAL CHURCH COUNCIL OF ST PAUL'S CWCHESTER STATEMENT OF RESPONSIBILfTIES OF THE MEIMBERS YEAR ENDED 31 DECEMBER 2023 The Ch&rities Act and ClwÈty Law and Church Accounting Regulations 2006 require the members of the PCC to prepare financial statements for each fllMllcial year which give a true and fair view of the stsfr of affairs of the charity at the end of the year and of the incoming and outgoing resources for the year then elld&L In preparing those fiTJaTJcial statenlents, the members of the PCC are required to." select suitable accounting policies and then apply them consistently. rnake judgen)ents and estimates that are re&sonable and ptudenL state whether applicable accounting standards have been followed, subject to any tllaterial departtwes disclosed and explained in the financial statements. and prepare the financial ststements on the going concern b&sis unless it is inappropriate to presume that the charity will continue its activities. The members of the PCC are responsible for keeping pmper accounting records which disclose with reasonable accuracy at any tim¢ the finaucial position of the charity and to ellable them to ensure that the fall¢la1 statements comply with the Clwities Act and Charity Law and Church Accounting ReguLatÈons 2006. The DMberS of the PCC are Also responsible for safeguarding the assets of the cFthTity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
PAROCHIAL CHURCH COUNCIL OF ST PAUL'S CHtCHESTER Independellt examiner's report to the members of PCC of St Paul's Church I report to the members on my examination of the accounts of the PCC of St Paul's Church (the PCC) for the year ended 31 December 2023. Responsibilities 2nd basis of report As the charity mernbers of the PCC you are responsible for the prepardtion of the accounts in accordance with the requirements of the Charities Act 2011 ('the Act.) and the Church Accounting ReglatIons ('the Regulations.). l iep)rt Ill r¢spect of my examination of the Trust's accounts carried out under section 145 of the 2011 Act and in carrying out my examination I have followed all the applicable Directions given by the Charity cOnniSsion under section 145(5)(b) of the Act. Independent examiner's ststement I have completed my examÈnatioll. I confirn) that no material tnatters have come to my attention in connection with the examination giving me cause to believe that in any nterIal respect: l. accounttng records were not kept in respect of the PCC as required by section 130 of the Act. or 2. the accounts do not a¢¢ord with those records" or 3. the accounts do not COTnply with the applicable accounting requirements of the Church Accounting Regulations" or 4. the accounts do not comply with the applicable requtrements Concerning the forn] and content of th¢ accounts set out in the Charities (Accounts apklReports) Regulations 2008 other than any r¢quir¢ment that the accounts give 'a true and fair view, which is not a matter considered as part of all independent examination. I have no concerns and have come across no other matters in connection with the exarnination to which attention should be drawn in this report in order to ¢nabl¢ a proper understanding of the accounts to be reached. c11stIne Deacon Bsc FCA CTA Lewis Brownlee (Chichester) Litllited Appledram Barns Birdham Road Chichester P020 7EQ ie A
PAROCIIIAL CHURCH COUNCIL OF ST PAUL'S CHICHESTER Registered Charity no. 1133785 STATEIVIENT OF FtNANCIAL ACTIVITIES FOR THE YEAR ENDED 31 DECEMBER 2023 TOTAL UDrestricted Restricted Endowment FUNDS TOTAL FUNDS Note Funds FdS Funds 2023 2022 Incoming resources Donations and legaaes Orher trading aciiviftes Incomefrom IVlMentS Irzeomefrom ehureh aclivities Other income Total income and endowments 165,387 65.180 2,355 1,892 4,103 518 72 169,490 65,697 4285 lJ92 300 241,664 273,194 52, 744 1,47J 1,165 3b 3c 3d 1,858 31M) 4,992 234,813 1.858 328.581 Resources eipended Expenditure on raEsingfynds Expgndithre olz chuTch actiwti Total resources expended 266 266 190,190 J90.456 763 503,472 504,235 4b 180.972 181,238 8.176 8,176 1,042 I,042 GaiTL¥/f7osses) olz investments Gairts/llosses) on [nS£mentproprty (49J) Net incomingl{outgoing) resouTC¢S before transfers Gross transfer5 behtr'eenfvnds 53.575 {3.184) 817 51,208 (176,145) Net incomingl(outgoing) resources before other recogni$ed gainslio55es 53,575 (3,184) 817 51208 (176,145} Iyet movemellt In fulld$ 53,575 (3,184) 817 51,208 (176,145) Total flltlds brought fOard at l Jalluary 150,039 59,309 6,997 216J45 392,490 Total funds carried fonvard at 31 December 203 614 56,125 7.814 267,553 216,345 Page 9
PAROCHIAL CHURCH COUNCIL OF ST PAUL'S CHICHESTER Registered Charity no. 1133785 BALANCE SHEET AT 31 DEcEIBER 2023 Notes 2023 2022 Fixed assets Investment Property (sold at market value ) TaLgible fix¢d assets Investments 7a 7b 4J39 3.995 Totsl fixed assets 4J39 3.995 Current assets Stock Debtor5 Short terni deposits Cash at bank and in hand 150 14,799 121,476 143,241 279,666 15 6,162 117.536 104.314 228.162 Current Liabilitie5 Creditors.. alllounts falling thi¢ within one year 10 16,453 Net current assets 263,213 212.350 Total assets less eurrent liabilities 267,553 216.345 NET ASSETS 267,553 210,345 Funds Endoivment funds 12 7,814 6,997 Restrlcted funds 12 56,125 59,J09 Unrestricted funds l2 203,614 150,639 TOTAL Fuf4DS 267,553 216,345 Approved by the PCC and signed on its behalf by DaNid Foster. Chur ardell. acling PCC Chair. Roderick Smith. Honorny Treasurer Date.... The accompanying note5 fotm a part of these fit)ancial statemellts. Page 10
PAROCHLIL CHURCH COUNCIL OF ST PAUL'S CHICHESTER Registered Charfty llo. 1133785 NOTES TO THE FifANCLIL STATEIMEKrs FOR THE YEAR ENDED 31 DECELblBER 2023 l. Cbarlty thformAtlon St Paul's Church is atl UninGOq)orated charity tegistered in Englaod aod Wa1¢5. The principal place of ]nesS is Churchside, Chichcst¢r, P019 IQN. The principal aclivitie5 llabjre of entitys IratiOnS is dÉsclosed in the TtU5te¢s ReporL The fllJatt¢ial statemejts ar¢ pr&%ented in Sterlitig {Q. which is also th¢ fioctioDal of the ¢Ir[ty. 2. Atcounting policies B¥51$ of prepariJg the financlal 5txteJDents The fJJJancial statements of the charity. 1¢h is a publJ"c tte&r elltityunderFRS 102, have beett p]ep2ttd i accordance with the Charities SORP IFRS 102) AccounriDg and ReportiDg by Cbaritie5.' Statement of ReC0thEnded Practice applicthl¢ to cbarities prepIngth¢tr fill4ll¢ial 5tat¢m¢uts in accordance with th¢ Financial Eieportit)8 St8lldATd AppliGable in the UK 8ud Republic of ITel8tsd (FRS 1021 (effective l Iry 2019), and the Financial R¢poTting Stalldbrd 102 The FiEJ8u¢id R¢wYtt'ng Stkndard p11tbIt the UK attd Republic of Irel8n(r. The financial 5tatcmenls have becn prq)aTed under the historical cost collventionLg tutyJifi¢d bythe inclusiots of inv¢stments al maTk¢t value. The fiDan¢sai slatements ID¢lude 811 transactioL%. Sets alld liabilities for TNbich the PCC is resnsIble in ]aw. Theydo llot inchLd¢ the accounts of churcb group5 that owe their affiliation to anotber bcKly, ttor those which are iJJfornkl gathaings of ChUb The aoUnts have beeL PW2t¢d ignoring all sma]I roundin8 th"eferettces. The PCC co)te8 a public benefit entity &8 defined by FRSIOI b Fund$ a¢¢ountlug Funds held by the PCC are.. Unreftrictedffiujds . gencral fimds wbich can be used forPCC ordllwy p DLFignatedfypth . tntitiies set asid¢ by the PCC (Artof uttrestrtded fot specific OJDJre purp orprojwts. Res¢riciedfvv(ts - a) incoTu¢ frolll trusts 0rend0wts whicb may b¢ expendedollly OTL those r&8trided objerti provided th¢ tem of th¢ tNstor btque5¢ b) donations ty gtattts e1Ved for a specific thject orinviled by the PCC for 1 5pecifLC obiert The funds only k ¢xp¢rJded OTh th¢ spxific objeci forwbich theywere given. Any bai2nr¢ rtmaining un5peutat the ¢ud of the year is ¢anied fotwarda$ a balance on that fvn¢L Expendoble endowmentfvnds - futtits the capiMI of wtiich must b¢ tnailltsitt4' only incojne aristng frtsm the itLV¢StaJwil of the endowm[11 DY be either as restrictedorunrcstricd fwJ¢J% depending on tbe purp)se set out in th¢ of th¢OrEnat cndowr Paye11
PAROClltAL CHURCH COUNCIL OF sr PAUL'S CHICHESTER Registered Charity no. 1133785 NOTES TO THE FINLYCIAL sTATE1E_Y[s {¢olltillued) FOR THE YEAR ENDED 31 DECEMBER 2023 Incoming resources Ail iticome and elldovnuents arc accounted for Wit1ll1 dcthiction for ally costs of receivability. are recogntsed th there is eNiden¢e of entidemen( receipt is ptobable. and the amount ean b¢ Measu reliably. VoltsNl4ryln¢ome Co/le¢¢ions are recognised wFLen receive PlanpEedgEving receivable is Eecogntsed only wheD reeeii'&L Income tar recovernble on Gift Aid doDation5 is recogllised wh¢ll the ineorne 15 recogllis&L Grun(s and lega¢ie5 ate tecogllised whell the fornhal offer in writingof the funiling is teceived by the PCC. IncomefTOm CharliableAlV1T1ls InGoTnÉ is recognisedwhen the monry ir receive Incomefrom investments DÉvidends are a¢¢ouuted for wben due and payable. Illterest entitlemeEts ar¢ accounted for &s they a¢cNe. recoverable on such income is Trxognised in the same &ccoutLtingye81. All oiher income All other income 1$ rrfognised in the period io whicb it Telates. ItJ¢ome received in advance is defentd to the period to which it relatLs. Gains and loss on investhients Realised gains are re¢ognised when tbe invest¥nellts ale sold. Unrealised gains and losses 8re accountyj foroll revaluation on 31 December. d RÉsoMrcés dged Resources expended are aecounted for on an a¢cnEals basis and a accounted for gross. Grants Grdnts and donations accounted for when paid over. or when awarded where tbe avrdrd creates a btndillg obligation on tbe PCC. Church Activities The th"ocesan parish contribution is aceoutlled tor on annual b&5is. rellecttng the allocation set by our deanery. Any parish contribution unpaid at 31 Drnber is Provided for in these accounts as zn operational (though not a legall liability and 15 showD a creditor in the ba]ance sheeL e Fixed Assets TangibleJtYdas5Éts Consecrnied and beneficed properry of atty kind is excluded from the accounts by s.1012) of the Charities Act 2011. All expenditllre on ¢onsecrdied or beneficed buildings and related moveable church fiRrnishings, whetber tnaintenan¢e or improvement, is written off os expendtture in the Statement of Financiat Activitie5 and is separately disclose<L The PCC own5 the freehold of St Michael's Cbuth Hall Suttmer&lale. which is held by the Dioc¢s¢ as Custodign Tru5te¢. This pmperty is ttoi included at Y valuation the accouuts &$ there is i]tsuffi¢ient cost information for the asset and a alternative vVation would llot be reliable for a cburcb builditig. No deprttiation is provided on propety it is the PCC'S poLi¢y to mai]train the ass¢t ir¢ a CODttnuai state of sound Tepair. The economic Irfe of the asset is so lollg alld the residual vdue so Wi that any depreciation woutd not t* n]ateTiaL The asset is 5tthject to allal tnwairment revtews atLd provision would be made for èlly dirninution in Wah. Page 12
PAROCHLiL CHURCH COUISCIL OF ST PAUL'S CHtCHESTER Registered Charity no. 1133785 NOTES TO THE FINANCIAL STATEMENTS (eontinued) FOR THE YEAR ENU)ED 31 DECEMBER 2023 e Flxed Assets (continued) Depreeiqlion Ikpr¢ciation is ¢al¢ulat¢d writ¢ down the r051 of n7)le fixed assets, excluding freehold properties. over their expected useful lives. The rates generally applicable are: Church furnishings 10/0 sirnigbt line Offi¢e equipment 100/0 5trdight Iine St Michlels fixtur¢s & fittillgs IOO/o strdight lin¢ f Investments Investsn¢nts are staled at market value at the balance sheet date and the statement of financial activities shows investment gains and losses arising from revaluation of the illvestent portfoIio disposals during the perio(L g Current Assets Atnounts owing to the PCC at 31 December in reSpt of fees, tents or other income are shown &$ debtors less provisiott for amoullts that may prove uncoll¢¢table. Short-tenn deposils include cash held on detM)sit either with the CBF Church of England Fun¢ls OT at tb¢ bank. h Creditors Short-temi creditors ate tneasured at transaction value. Page13
PAROCHIAL CHURCH COUNCIL OF ST PAUL'S CHICHESTER Registered Charity no. 1133785 NOTES TO THE FLYANCIAL STATE,MENTS (Continued) FOR THE YEAR ENDED 31 DECEhlBER 2023 3 In¢oming resources TOTAL Unrestricted Restricted EDdovnnent FUNDS TOTAL FUNDS Fuuds Funds Funts 2023 2022 Donations and legacieJ PlallrLtd giving Collection5 at all services Grants. donation5 and appeals tncome tax recoverable Legacies 68.840 8,116 15,569 20.707 52,155 165,387 68,840 8,150 19,638 20,707 52,155 169,490 74,259 3,825 104.354 18, 756 72, 000 273. 194 34 4.069 4,103 b Other trading activities Fetes, bazaars and other fund-raising events Pari5& CerLtre Hire Parking Donations Pi]otocopying Coffee Sales 5,580 58.902 518 6,098 58,902 Jl.013 40.312 505 193 65,180 505 193 65,697 445 973 52, 744 518 c Incornefrom inve51ments Dividends and inter¢st 2.355 2.355 72 72 1,858 1,858 4285 4,285 1,478 1,478 d Incomefrom Church Activiti&f Fees from funerals, weddings etc 1.892 1,892 1,892 1,892 1, 165 1. 165 e Oiher income Rent / surplus on disposal 300 300 3110 300 Total lllcoming resources 234,813 4.992 1,858 241,664 328,581 Page 14
PAROCHIAL CHVRCH COUNCIL OF sr PAUL'S CHICHEsfER Regtstered Charity no. 1133785 NOTES TO THE FINANCLIL STATEMEIYTS (¢olltlnued) FOR THE YEAR Ef4DED 31 DECEMBER 2023 4 R¢wurw ewtnd¢d TOTAL TOTAL FUNDS FuDd5 Furyds Funds 2023 2(k22 ETpendiNreon nii¥tngfynd¥ Stewardsbip CQSL8 Fetes, bazaars #ttd other fjjttd-tsisingeva Cottcert Costs 266 166 763 266 266 763 Ewenditsre on ¢hur¢k &¢tiwfies Missionary and clwitsble n8-. Overseas.. B.E.A.T.S Childrns Society risuan Aid 790 790 2.ts50 1.290 790 1290 790 1,050 2.050 750 CMSI SCOM WAL ChiliJr¢n on the Edg¢ US Ifotmally USPG} SPCK 790 790 1,560 Diocesan H3rv£st Appeal Diocw Refuge ProJt Voices ill Exile MGCabe EducatiDllal Ttust PiomiseNepal Home.. sat[1¢aL$ IBw& Chithestst BE8llch) Church Arory Stonepillow (dottations throughout year)" Chi¢hesterFood (frwll Ttust) Four Str¢ets Confide UK Harvest Comic Relief Chichester City Drop I ChestnutTree Hi)u8e Haybn8 Islalld Dollkey Medecin5 SBns Fronti¢re5 Mothers Uniou Chi DBF. Bisbops F4]nd P¢Trting M¢ntal Health R¢fug¢¢s in Cknch¢5t¢r Ra Cross SllowdTQP Tn 790 550 450 450 750 5(10 450 120 450 120 5(X) 44J 330 45 330 330 200 450 200 450 330 450 20 471 1,000 loo 330 2LKI 330 650 5(Kl 6SO 500 My Sisters House Ang¢Lman Synthozr¢ 330 To be allocatedreverse priorye4r Sallettry 10 io io 830 12,646 9,410 20 9.430 * Carol Sillgus fromehur¢trL&S throu8bout Cich*rcollectd £2S(Ml (bd¥&If of Swititiw. which St Paut's re1{ ttd paid to Stonepillow. P&J8 1S
PAROCHtAL CHURCH COUNCIL OF ST PAUL'S CHICHESTER Registered Charity no. 1133785 NOTES TO THE FINANCIAL STATEMEINTS (eontinued) FOR THE YEAR ENDED 31 DECEMBER 2023 4 Resources expended TOTAL TOTAL FUNDS UnrestiÈcted R¢stricted Endowment Full(ts Fun41 Fund5 2023 2022 Ministy ¢osts: diocesan parish colltribution other ¢lergy ¢osts Church runnillg expellses Church maintcnanc¢ Upkeep of services Upkeep of churchyard Parish magazin&Qibrdry Sunday school ¢ostsl Salariesl Youth Work Housing Costs Salarie&TraininW Self*Enployed organists Church hall running costs Bank charges Depreciation tndependenl examÉnation fee Professioual Fees 74.549 944 8,774 5.313 12.064 5.144 21 17,087 74549 944 8,774 13,329 13,105 5,144 21 17,227 72,802 6,298 8,641 350.075 5.925 609 IJ 17.73 3,515 2, 751 7.890 549 270 1.65Q 12.11 503,472 8.016 1,042 30,452 13,546 469 30,452 13,546 469 3200 3,200 180,972 8,176 1,042 190.190 Total resouT¢e5 expended 181,238 8,176 1,042 190,456 504,235 Page 16
PAROCHIAL CHURCH COUNCIL OF ST PAUL'S CHICHESTER Registered Charity no. 1133785 Tr40TES TO THE FINANCIAL STATEMEIYTS {continued) FOR THE YEAR EINDED 31 DECE.MBER 2023 S Cost of workers 2023 2022 Cost ofworkeFs includingoTgontstfe 45,062 53,504 During the year the PCC paid a Director of Music, Organists, Youtb workers. Caretaker, aud Kitchen Manager Ipart year) all of whom are part time. tu¢luded in the above are cosrs of organists wbo are setf-ejnployed. No en]ployee received remuneration in excess of £60,000. The average Thumber of employees the year was 4 (2022: 6) b Payments lo Pccmembers No paJTrcnts We mad¢ to a member of the PCC this year. 6 Note no longer required 7 Fixed Assets a T#ugible fixed #$sets St Michaels fixtures & fittin Churcb Furnishin Offiee ment TOTAL Cost or valuation At l January 2023 Additions 'sposals Revaluation Transfer to investmellt property At 31 D¢c¢mbeT 2023 39.890 3,990 10.800 54,680 Depreciation At l January 2023 Provided in te year Disposals At 31 December 2023 39.890 10,800 54,680 39,890 3.990 10,800 Net book xmouRts At 31 December 2023 At 31 December 2022 The PCC Owlls the freehold of St m1¢blS Chur¢h, SummersdAle, which Is held by the Diocese as Custodiall Tne¢. The property is not iticluded at arty Vdluation irt the accounts as there 15 insufficient cost Aryft>rn]ation for the &sset and an alternative valuation would not be reliable for a church building. b lllvestmentg Market value l January 2023 capital appreciationld¢preciation income receivedlwithdrawn Market value 31 DeceTnber 2023 3,995 344 Page 17
PAROCIIIAL CHURCH COUNCIL OF ST PAUL'S CHtCHESTER Regfistered Cbarfity llo. 1133785 NOTES TO THE FINANCIAL STATEMENTS (continued) FOR THE YEAR EI¥DED 31 DECEMBER 2023 8 Analysis of Net assets by fund UDrestri¢ted Restri¢ted Endov/m¢llt Total Funds Fullds Funds Funds 2023 TotalFwids 2022 Fixed assets for church use Investment fixed ass¢ts CuLTent assets Current liabilities 4.340 207.904 (8,630} 4J40 279,666 (16,453) 3.995 228,162 (15,812) 63,948 (7,823) 7,814 203.614 56,125 7.814 26753 216,345 9 Debtors Unrestrictrd Restricted Elldownent Total Funds Funds Funds 2023 2022 Income tax recoverable PrepaytneDts and accrued ittcome Aceoullts receivable 6.132 6,132 3,854 8,668 14,799 8,668 14,799 2.308 6,162 10 Creditors: amounts falllng due wtthtll ODe year Unrestricted Restricted Endowment Total Funds Funds Funds Fun(Ls 2023 2022 Defetred iDeome Accrnals for utilitios attd other costs Pension Deficit -conditionally long terni Ar¢hd¢acon LoaD- condit]onally due 2027 Other Creth'iors lin¢ agency collections) 8.630 8,630 7,530 7,823 16.453 23 16,453 8,282 15,812 11 Related party transactions During the year the no Trustee received reimbursed eXkKtsdibe (2022: £1.062) in relation to broadband, mobile and travel costs. There have been no related paty tmsa¢tions that would require dis¢losure in the accouDts. Pag8 18
NOTES TO THE FtNANCLIL STATEb1Epifsiw) FOR THE YEAR Ei¥DED JI DECLMBER 2023 12 StteiDED¢rfIkn l J2023 3IDtr fvnd BO BrigawGTrjla J12257 ziJ.o 115JA151 250 1$2 Dc5iwufEd FoDdBILk Desi8llaWL¥AR5Gr DeadM¢¢t&Ei DeÈigttthdNewSTff Dr5iwdRertthykedttorn& 7fj• 150 13WJ 516 1150 tksiyottdstumplllow tkSlwKi¢nFTr DcgBRF-d1ybiThk 5Jl0 {I75J IM) IE2$1 14 Rw¢rt(twJ FUD SebO7lblp I¥6) 4171 0(lF¢sQrsFC£d CknsW5 Work&5tJoh 93• 37 FwTNde 155 372 )7 iJi4 4561 267JS5 BRF StMirbNrfsb>p1w¢ 6¥ IJ Caplllt4mknt P1•
PAROCHL¥L CHURCH COUNCIL OF ST PA's CHJCHESTER Retsjttred CbaTity DrL 1133n5 NOTES TO THE FINANCIAL STATEMLYfs I11£11) FOR THE YEAR EEIDED 31 DECEMBER 21Tr23 Note 14 . Comparlson of prtor yexr SOFA by Flllld TOTAL roFAL 2013 2022 IncDtiiiiig rtsourt 165.387 4.103 169890 6697 438S 205,141 51.379 66.054 273,194 52,744 IA78 Other tradingactsviti Incomefvi iryvcslm¢hts U55 1.858 853 S26 Oiherincome TotsikncomÈ alldeJLthwmellts 520 3Z Resour5 EApvndi&tr<On 266 266 l9Q19• IW56 763 763 503,472 501.235 chrchllcltvifft Tots) ruwrtei ewnde 224 225.030 27fi068 276,068 181118 8.176 1.04Z 3.136 NetincornillKllotykng) Myoor¢thbelts tr3nrf¢TS 53575 13.l841 Si201 12262 1205,7971 116to) {17A145) NlntomlnAI{tiutgoJD%) remurw bet•r¢ otbtr re¢1$¢d 53,575 (3.184) B17 512•8 32262 {205.7971 53,575 13,184) 817 32262 (205.M) 15Q039 59J09 6J97 214345 117,777 265.106 39Z,49D T•t*l fornrd•t31 Detethber 7.814 267J 150.039 59 09 21