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← The Parochial Church Council Of The Ecclesiastical Parish Of Northam

2023-12-31-accounts

The Parochial Church Council of the Ecclesiastical Parish of Northam

Address for correspondence: St Margaret’s Church, Fore Street, Northam, EX39 1JL

ANNUAL REPORT

AND

FINANCIAL STATEMENTS

for the year ended 31[st] December 2023

Team Rector: The Reverend Jules Harris

Bankers:

National Westminster Bank Plc

Independent Examiner:

Mr P A Dean, Accountant

3 Springfield Terrace East-the-Water, Bideford Devon. EX39 4AN

Our Parish Church website: www.achurchnearyou.com/church/9032

Charity Number: 1133811

THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF NORTHAM

ASSOCIATED LETTERS AND REPORTS

FOR THE YEAR ENDED 31ST DECEMBER 2023

Aim and Purpose

St. Margaret’s Parochial Church Council (the PCC) has the responsibility of cooperating with the Team Rector, the Reverend Jules Harris, together with the Team Vicar, the Reverend Hilary Kemp, the Team Curate, the Reverend Ildiko Varadi-Luongo, in promoting the ecclesiastical parish, working together with our partners in the Torridge Coastal Mission Community, in the pastoral, evangelistic, social and ecumenical mission of the Church. As well as the Church itself, the PCC is also responsible for maintaining the Churchyard adjacent to the Church.

Objectives and Activities

The PCC is committed to enabling as many people as possible to worship at our church, and to become part of our parish family. When planning our activities, the PCC has considered the public benefit, and in particular the advancement of religion. Our services and worship put faith into practice through prayer and scripture, music and sacrament. We try to enable ordinary people to live out their faith as part of our parish family, through our Vision and Plan which is kept under review.

To facilitate this work, it is vital that we maintain the fabric of the Church and the Churchyard.

Achievements and Performance

Worship and Prayer

The PCC is keen to offer a range of services not only on Sundays, but also during the week, that our community will find both beneficial and spiritually fulfilling. There are Evening Prayers that take place weekly at 5pm on Mondays and there is Friday Fellowship each week at 10.15am.

At present there are 43 parishioners on the Church Electoral Roll, most of whom live in the Parish, 5 were removed, either because of death or moving away and 6 were added having started to attend church. The average attendance has been around 33 people. The services and other interactions via the use of online video calls to keep in touch with the congregation that had been introduced in 2020 have continued.

As well as our regular services, we enable our community to celebrate and thank God at the milestones of the journey through life. There have been 2 weddings, 7 baptisms, 19 funerals and 20 interments during the year. Those who are no longer able to come to Church are not forgotten. We have a Pastoral Care Team in conjunction with St. Mary’s, Appledore and Holy Trinity, Westward Ho! and in addition, many receive Holy Communion in their homes.

Financial Review

Please see the report incorporated as part of the financial statements towards the back of this report.

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THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF NORTHAM

ASSOCIATED LETTERS AND REPORTS

FOR THE YEAR ENDED 31ST DECEMBER 2023

Schools

Our Church supports both Northam Church of England schools with governors and in-school lessons. The Schools regularly visit the Church for activities and services. We also take part in the Open the Book scheme.

Mission and Evangelism

Helping those in need is a demonstration of our faith. The Committee raised and distributed £2,214 which was raised by fundraising, donations and collections and £1,000 from St. Margaret’s PCC, usually known as the tithe.

Deanery Synod

From August 2022 there has been 1 PCC member (Sally Rice) elected to Hartland Deanery Synod. The PCC welcomes any interest from the congregation in this role as it provides the PCC with a link with the Churches around us, and with the Diocese as a whole. It also receives reports from the General Synod.

Church Fabric

The focus for this year has been the Quinquennial Report and the items listed as requiring attention. There are several low priority tasks but the largest issue is that the roofs of the Chancel and the Lady Chapel also need repairing over the next few years but as soon as possible. The cost of these section of roof is likely to be around £200,000. Grants are being applied for to support collections and donations received. During 2023 the church organ underwent a considerable repair including replacing the motor, during which time it was unable to be used.

Safeguarding

The PCC has complied with the duty under section 5 of the Safeguarding and Clergy Discipline Measure 2016 (duty to have regard to House of Bishops’ guidance on safeguarding children and vulnerable adults). As of December 2021, the few PCC members who have not yet been on the relevant safeguarding courses are in the process of completing those courses.

Volunteers

The members of the PCC would like to thank all the volunteers who work so tirelessly to make our Church a lively and vibrant community. Our special thanks go to The Friends of St. Margaret’s for all their hard work in supporting and promoting St. Margaret’s Church and the Parish of Northam.

Structure, Governance and Management

The method of appointment of PCC members is set out in the Church Representation Rules. The Council comprises the Team Rector or Team Vicar, the 2 Churchwardens, the 2 representatives elected to the Deanery Synod, and other members who are elected at the Annual Parochial Church Meeting, by those on the Electoral Roll. Members of the congregation are always urged to join the Electoral Roll, and to stand for election to the PCC.

The PCC members are responsible for making decisions on all matters of general concern and importance in the parish, and for all financial matters. The full PCC met nine times during the year, with an average level of attendance of 84.4%. Given its wide responsibilities, the PCC operates through a number of sub committees, which meet between full meetings of the PCC each dealing with a particular aspect of parish life. These include the Standing Committee which is the only Committee required by law. It has the power to transact the business of the PCC between its meetings, subject to any directions given by the Council. The Worship, Mission and Outreach, Buildings and Finance Committees are the other main Committees. Each is accountable to the full PCC. There is also The Friends of St. Margaret’s which organises and co-ordinates the social aspects of the Church.

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THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF NORTHAM

ASSOCIATED LETTERS AND REPORTS

FOR THE YEAR ENDED 31ST DECEMBER 2023

Administrative Information

The Church is situated in The Square, Northam, EX39 1JL and is part of the Deanery of Hartland, in the Diocese of Exeter. The correspondence address is The Vestry, Tower Street, Northam, EX39 1JL.

The PCC is a body corporate (PCC Powers Measure 1956, and the Church Representation Rules 2006) and a Charity registered with the Charity Commission, number 1133811.

PCC members who have served from 27th April 2023, the date of the APCM are as follows:-

The Incumbent The Reverend Jules Harris Churchwardens Mrs Catherine Ellis Secretary Mrs Judith McNeill Deputy Chair Deanery Synod Reps Mrs Sally Rice Vacancy Elected Members Mrs Joanna Berry Treasurer Mr Rodney Hookway Mrs Anne Irwin Mrs Anthea Easton Mr Gilbert Csecs

Mrs Joanna Berry PCC Treasurer (on behalf of Mrs Catherine Ellis, PCC Secretary)

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THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF NORTHAM

ASSOCIATED LETTERS AND REPORTS

FOR THE YEAR ENDED 31ST DECEMBER 2023

Letter from our Team Rector

It’s difficult to comprehend that I’m writing this brief report to you, some 13 months following my licensing to the Mission Community, of which St Margaret’s is part.

As the old saying goes, time flies when you’re having fun and this would be one of the many words I’d use to describe the last 13 months.

There have been so many highs and may I add a few lows throughout those months.

it would be unfair to mention people by name. You always tend to miss and or offend people. So, here goes with my attempt at generically thanking people for catching my Vision for St Margaret’s.

We have been and continue to be so very blessed by our wonderful Coffee@Maggies in so many ways. Its wonderful to see the community enjoying conversation and a place to meet new people, as is the case for Maggies Maids. Watch this space for a place to meet for Widowers!

On Wednesday evening our church comes alive for youngsters, who now have a safe space to meet. Crafts, table tennis, computer games. Something for everyone! This venture is so successful we may have to start a waiting list!!!

Our Sunday services continue to go well, with the addition of a second communion service. Sincere thanks to our Wardens and those who work behind the scenes for making services run smoothly.

One of the many highlights for me last year, was the enthusiasm with which our Christmas Tree’s went up. So many people remembering their loved ones and so many clubs, not to mention schools, who got involved. A special mention to the Friends Team for their meticulous planning. A huge thank you to you all.

To say I was bowled over was an understatement! This event, plus all the other Christmas services and events were simply amazing.

It takes a Team to lead a great church and thank you to everyone, even those who sit in the pews for your support, love and care throughout 2023.

We now look to 2024 and I pray that we can continue to awaken our Church, stepping out in faith to love and serve the Lord.

Many blessings

Jules

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THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF NORTHAM

ASSOCIATED LETTERS AND REPORTS

FOR THE YEAR ENDED 31ST DECEMBER 2023

The Churchwardens’ Report

2023/2024 was a busy year for St. Margarets Church with 2 weddings, 7 baptisms, 19 funerals and 20 interments.

We enjoyed the May Fair at the end of April: with lots of people coming into Church where the stalls, teas, coffees and cream teas were all well received.

Coronation day fell on the next Saturday when the Bells rang out across Northam followed the next day by a special Coronation Service and Civic Party attending.

In June we had the Plymouth Organist’s Association come to play our beautiful organ. They were all very accomplished musicians and thoroughly enjoyed playing it and hope to visit again. We also had the Bellringers visit at the same time, so it was very busy….

Prayers were said for our Church in St George’s Chapel in Windsor by the Dean on the 23rd July.

We had the St Georges and St Margarets Schools come into Church for various Services…. Harvest, Christingle and Easter where we supplied teas and coffees for the Mums and Dads.

Coffee and cake at Maggies started on 19th September and is very successful thanks to Gilbert and his helpers.

For the Remembrance Service in November, we had a full Church with the Scouts, Cubs, Civic Party, and Congregation who then all Paraded up to the Memorial for a Service.

The following Saturday we had our Christmas Fair which was well attended. Following this we had our Annual Christmas Tree Festival, and our thanks go to all those who helped make it a huge success again.

Angela King has had some very lovely recitals in Church throughout the year which have been enjoyed by all who have come and we thank you Angela and your friends for the wonderful music.

We enjoyed the first year of the Royal Navy Thanksgiving Service in March 2023 which was well attended. It was decided that they would come back again in 2024.

These are just some of the special things that have been going on in your Church over the past year and will continue throughout this year.

Judy and Cath, Church Wardens

As you probably know I am now retiring from Church Wardens duties after 6 busy years. I have enjoyed and been proud to be Church Warden of this beautiful Church, but I have found juggling family commitments and Church duties (and Syd of course!) since I lost my beloved husband Alec who was such a support to me and to St. Margarets so very hard that I feel it is now a good time.

I pass my baton onwards with much love and all good wishes.

Judy

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THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF NORTHAM

ASSOCIATED LETTERS AND REPORTS

FOR THE YEAR ENDED 31ST DECEMBER 2023

Friends of St Margaret’s Report

I am pleased to report on a very successful year for the Friends, having raised over £11,000 for St. Margaret’s Church. Yet again the 6 members of the committee have worked extremely hard to achieve this excellent result. My thanks must also go to all the people help out at events and fund raising, donate items etc. Over the year, all these little kindnesses amount to a substantial saving on church funds.

The larger events of the year included participation in the May Fair, our Christmas Fayre, the Christmas Tree Festival and the Christmas Draw. The Friday Fellowship and book stall, provide us with a regular income all year round, and is very much appreciated by the people who attend. Since October 2 large book cases have been installed, which means that the books are available for purchase every rime the church is open. This has greatly increased the income from this project.

Payments from the Friends to and on behalf of St. Margaret’s include an in-depth survey of the trees in the churchyard, the necessary work on the trees as a result of this survey, resurfacing a badly damaged path in the churchyard, donation towards the repair of the church organ and donations towards the roof fund.

In conclusion, I would like to thank the Committee for all of their hard work and generosity in making this a successful year, and to all those who helped in any way to make it so.

Barry Endean Chair and Treasurer

Safeguarding Officers’ Report

The PCC recognise that Creating a Safer Church is important and Safeguarding training is being taken very seriously.

During the year, all members of the PCC completed the Safeguarding courses required by the Church of England.

St Margaret’s is using the Parish Dashboard and Hub, which is advocated by the Diocese, and is a method of knowing which policies and training are needed, and when they need reviewing. This has proved to be very helpful, as reminders are sent automatically informing the Safeguarding Team of when training needs renewing and policies reviewing.

This ensures we are all up-to-date with Safeguarding requirements.

In addition, Role Descriptions have been written for Churchwarden, Deputy Churchwarden, Safeguarding Officer, Assistant Safeguarding Officer, Families, Children and Youth Worker, PCC member, PCC Treasurer and Verger.

All members of the congregation are asked to be aware of any issues of concern. If anyone has any concerns, they need to speak to Rev Jules or to either Sally Rice and Cath Ellis, who are St Margaret’s Safeguarding Officers.

Catherine Ellis, Safeguarding Officer

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THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF NORTHAM

ASSOCIATED LETTERS AND REPORTS

FOR THE YEAR ENDED 31ST DECEMBER 2023

Pastoral Care Report

We continue to visit eight residential/nursing homes across the TCMC on a monthly basis, either taking Holy communion or providing a worship service & in one case both.

We have twenty -one individuals whom we visit for Holy Communion or a visit on a monthly basis. Two of these call when needed.

There are at present two pastoral visitors, Mrs. Sue Austin from St. Mary’s Appledore & Mrs. Sally Rice from St. Margaret’s. There are also other visitors that visit people on an unofficial basis.

Mr. Bradley Scott is the lead for youth & families.

The plan is to have a designated individual for each church in the TCMC, at present there is Mrs. Sue Austin for St. Mary’s Appledore & Mrs. Sally Rice for St. Margaret’s.

The pastoral care team meets bi-monthly led by the Reverend Jules Harris & including the Reverend Hilary Kemp, Mr Bradley Scott, Mrs Sue Austin & Mrs Sally Rice.

Sally Rice

Deanery Synod Report

We have two representatives at St. Margaret’s, Mrs. Anthea Easton & Mrs. Sally Rice.

Meetings are held three times a year.

In March 2023 we had a presentation from the Ven. Verena Breed, our archdeacon, about rural ministry. Also, we were asked to advise our PCC’s to do a health check of our churches to highlight positive ‘s & identify weaknesses.

In July 2023 The Rev’d Madeline Bray accepted the post of Assistant Rural Dean & took over as Rural Dean on the Rev’d Marisa Cockfield’s retirement. We also were reminded that Bishop Robert was retiring in September 2023. The main topic was the Diocesan Climate Energy Declaration.

We talked about:-

In January 2024 we had two speakers :-

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THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF NORTHAM

ASSOCIATED LETTERS AND REPORTS

FOR THE YEAR ENDED 31ST DECEMBER 2023

Children and Families Report

It all started with I hope to start a youth club for the Parish and to base it in St Margaret’s Church. This was back in the middle of the Summer 2023.

A Facebook page was set up called “TCMC Children & Families” to advertise the activities and events available for our young people and families within the Mission Community. Parents started to engage as early as August and the online community started to build.

The first activity organised was the nature trail around the churchyard on the 19th and 23rd August. This included activity sheets for the children and prizes at the end of the trail.

We were very blessed with the gifts we received for the youth club, including a pool table and a sofa. The youth club is called “The Fridge @ Maggies” and has two age groups of 7 to 11 years and 11 to 16 years. The youth club is open on Wednesday evenings from 4pm to 6.30pm and 6.30pm to 8.30pm. The first session was on 27th September 2023.

In the October half term, we ran a craft session in St Margaret’s Church. We had 27 children and their families attended. 10 of those children had already been to previous youth club sessions.

A further craft session was run jointly with the Methodist Church for Remembrance, called “Workshop of Peace” on 12th November with 5 craft stations and pizza.

Leading up to Christmas the youth club children decorated their Christmas tree for the Christmas Tree Festival. They also had a Christmas film and party at the youth club on 20th December.

The last children and families event was the Crib Service on Christmas Eve when the church was full of children and families from the Northam Community.

Bradley Scott

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THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF NORTHAM

INDEPENDENT EXAMINERS REPORT TO THE TRUSTEES

FOR THE YEAR ENDING 31ST DECEMBER 2023

I report on the financial statements of The Parochial Church Council Of The Ecclesiastical Parish Of Northam for the year ended 31 December 2023, which are set out on pages 2 to 11.

Respective Responsibilities of Trustees and Examiner

As the charity’s Trustees you are responsible for the preparation of the financial statements; you consider that the audit requirement of section 144(2) of the Charities Act 2011 (the Act) does not apply and that an independent examination is needed. It is my responsibility to examine the financial statements under section 145 of the Act and to state, on the basis of procedures specified in the General Directions given by the Charity Commissioners under section 145(5)(b) of the Act, whether particular matters have come to my attention.

Basis of Independent Examiner's Report

My examination was carried out in accordance with the General Directions given by the Charity Commissioners. An examination includes a review of the accounting records kept by the charity and a comparison of the financial statements presented with those records. It also includes consideration of any unusual items or disclosures in the financial statements, and seeking explanations from you as Trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit, and consequently I do not express an audit opinion on the view given by the financial statements.

In connection with my examination, no matter has come to my attention:

Mr P A Dean Accountant 3 Springfield Terrace East-the-Water BIDEFORD Devon. EX39 4AN

Dated: 18th April 2024

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THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF NORTHAM

STATEMENT OF FINANCIAL ACTIVITIES

FOR THE YEAR ENDING 31ST DECEMBER 2023

Note
INCOME
Voluntary income
3(a)
Activities for generating funds
3(b)
Income from investments
3(c)
Church activities
3(d)
Other income
3(e)
TOTAL INCOME
EXPENDITURE
Costs of generating voluntary income
4(a)
Fund-raising trading costs
4(b)
Church activities
4(c)
Governance costs
4(d)
TOTAL EXPENDITURE
NET INCOME / EXPENDITURE
GAINS AND LOSSES ON INVESTMENTS
6(b)
OTHER RESOURCE MOVEMENTS
Balance adjustments
NET MOVEMENT OF FUNDS
BALANCES BROUGHT FORWARD AT
1ST JANUARY 2023
BALANCES CARRIED FORWARD AT
31ST DECEMBER 2023		 Unrestricted
Restricted
Funds
Funds
2023
2022
£
£
£
£
29,388
11,742
41,130
36,573
18,339
-
18,339
3,455
2,623
1,091
3,714
2,559
21,619
-
21,619
14,722
17,488
208
17,696
17,184
TOTAL FUNDS
89,457
13,041
102,498
74,493
-
-
-
-
6,385
-
6,385
96
68,751
7,866
76,617
63,625
598
-
598
1,304
75,734
7,866
83,600
65,025
13,723
5,175
18,898
9,468
-
6,611
6,611
(8,188)
(360)
360
-
-
13,363
12,146
25,509
1,280
48,869
84,987
133,856
132,576
62,232
97,133
159,365
133,856

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THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF NORTHAM

BALANCE SHEET

AS AT 31ST DECEMBER 2023

NOTE
FIXED ASSETS
Tangible fixed assets
6(a)
Investment assets
6(b)
CURRENT ASSETS
Debtors
8
Short term deposits
Cash at bank and in hand
LIABILITIES: AMOUNTS FALLING
DUE WITHIN ONE YEAR
9
NET CURRENT ASSETS
NET ASSETS
FUNDS
10
Unrestricted
Restricted		 2023
£
80,950
17,613
8,048
57,505
83,166
(4,751)
78,415
159,365
62,232
97,133
159,365		 2022
£
74,340
8,924
6,957
46,418
62,299
(2,783)
59,516
133,856
48,869
84,987
133,856

Approved by the Parochial Church Council on 16th April 2024 and signed on its behalf by:

Rev Jules Harris Parish Rector

11

THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF NORTHAM

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDING 31ST DECEMBER 2023

1 BASIS OF PREPARATION

Basis of Accounting

The financial statements have been prepared in accordance with the Charity's governing document, the Charities Act 2011 and 'Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS102)' (as amended for accounting periods commencing from 1 January 2016). The Charity is a Public Benefit Entity as defined by FRS102.

The financial statements are prepared in sterling, which is the functional currency of the charity. Monetary amounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention, modified to include investment assets at fair value. The principal accounting policies adopted are set out below.

2 ACCOUNTING POLICIES

Charity Information

The Parish of Northam is a public benefit entity and a registered charity in England and Wales and is unincorporated. The address of the principal office is:

St Margaret's Church Fore Street Northam BIDEFORD Devon EX39 1JL

Fund Accounting

Restricted funds represent (a) income from trusts or endowments which may be expended only on those restricted objects provided in the terms of the trust or bequest, and (b) donations or grants received for a specific object or invited by the PCC for a specific object. The funds may only be expended on the specific object for which they were given. Any balance remaining unspent at the end of each year must be carried forward as a balance on that fund. The PCC does not usually invest separately for each fund. Where there is no separate investment, interest is apportioned to individual funds on an average balance basis.

Unrestricted funds are general funds which the charity may use for its own purposes at its discretion within the scheme rules.

Income

Planned giving, collections and donations are recognized when received. Tax refunds are recognized when the incoming resource to which they relate is received. Grants and legacies are accounted for when the PCC is legally entitled to the amounts due. Dividends are accounted for when receivable, interest is accrued. All other income is recognized when it is receivable. All incoming resources are accounted for gross.

12

THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF NORTHAM

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDING 31ST DECEMBER 2023

. . . .Continued

Expenditure

Grants and donations are accounted for when paid over, or when awarded, if that award creates a binding or constructive obligation on the PCC. The diocesan parish share is accounted for when paid. All other expenditure is generally recognized when a liability is incurred and is accounted for gross, irrecoverable VAT being charged against the category of resources expended for which it was incurred.

Fixed Assets

Consecrated property and moveable church furnishings

Consecrated and benefice property is not included in the accounts in accordance with s.10(2)(a) of the Charities Act 2011.

Movable church furnishings held by the vicar and churchwardens on special trust for the PCC and which require a faculty for disposal are inalienable property, listed in the church's inventory, which can be inspected (at any reasonable time). For anything acquired prior to 2007 there is insufficient cost information available and therefore such assets are not valued in the financial statements. Items acquired since 1 January 2007 have been capitalised and depreciated in the financial statements over their currently anticipated useful economic life (initially over 4 years) on a straight-line basis.

All expenditure incurred in the year on consecrated or beneficed buildings (individual items under £1,000) or on the repair of movable church furnishings acquired before 1 January 2007 is written off.

Other fixtures, fittings and office equipment

Equipment used within the church premises is depreciated on a straight-line basis over four years. Individual items of equipment with a purchase price of £1,000 or less are written off when the asset is acquired.

Investments

Investments are valued at fair value (as determined by market value) at 31 December.

Current Assets

Amounts owing to the PCC at 31 December in respect of fees, rents or other income are shown as debtors less provision for amounts that may prove uncollectable.

Short-term deposits include cash held on deposit either with the CBF Church of England Funds or on deposit at the bank.

13

THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF NORTHAM

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDING 31ST DECEMBER 2023

3 INCOME
3(a) Voluntary income
Planned giving:
Gift aid donations
Tax recoverable
Other
Collections (open plate)
Donations, appeals, etc.
Missions
Sundry donations
Grants and legacies
3(b) Activities for generating funds
Church hall lettings
Fund-raising (fetes, coffee mornings, etc.)
Parish coffee shop
Children and families
3(c) Income from investments
Dividends and interest including
tax recoverable
3(d) Income from church activities:
Fees (weddings, funerals, etc.)
3(e) Other ordinary income
Friends account income
Mission Community expenses
Sundry Income
TOTAL INCOME
TOTAL
Unrestricted
Restricted
FUNDS
Funds
Funds
2023
£
£
£
12,938
-
12,938
5,666
-
5,666
2,369
-
2,369
5,337
-
5,337
-
10,078
10,078
-
1,664
1,664
3,078
-
3,078
-
-
-		 TOTAL
Unrestricted
Restricted
FUNDS
Funds
Funds
2022
£
£
£
11,931
-
11,931
6,069
-
6,069
1,350
-
1,350
3,253
-
3,253
-
3,592
3,592
-
2,099
2,099
3,689
-
3,689
4,590
-
4,590
29,388
11,742
41,130		 30,882
5,691
36,573
2,080
-
2,080
1,084
-
1,084
14,341
-
14,341
834
-
834		 2,080
-
2,080
1,375
-
1,375
-
-
-
-
-
-
18,339
-
18,339		 3,455
-
3,455
2,623
1,091
3,714		 1,266
1,293
2,559
2,623
1,091
3,714		 1,266
1,293
2,559
21,619
-
21,619		 14,722
-
14,722
21,619
-
21,619		 14,722
-
14,722
4,481
208
4,689
10,637
-
10,637
2,370
-
2,370		 -
10,178
10,178
6,122
-
6,122
884
-
884
17,488
208
17,696		 7,006
10,178
17,184
89,457
13,041
102,498		 57,331
17,162
74,493

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THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF NORTHAM

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDING 31ST DECEMBER 2023

4
EXPENDITURE
4(a)
Costs of generating voluntary income
Envelopes and printing, etc.
4(b)
Fund-raising trading costs
Cost of fetes and other fund-raising events
Parish coffee shop
Children and families
4(c)
Church activities
Missionary and charitable giving
Overseas missions
Secular charities
Ministry
Diocesan parish share
Other ministry costs
Working expenses of incumbent
Assistant clergy
Church running expenses
Church maintenance
Upkeep of services
Upkeep of churchyard
Parish administration costs
Parish training and schooling costs
Major repairs - church, organ & churchyard
Wages and salaries
Major works - church roof & tower repairs
4(d)
Support costs
Independent examination fee
Bank and credit charges
Sundry expenses
TOTAL EXPENDITURE		 Unrestricted
Restricted
TOTAL FUNDS		 Unrestricted
Restricted
TOTAL FUNDS
Funds
Funds
2023
£
£
£
-
-
-		 2022
£
-
-
-
-		 -
1,348
-
1,348
4,769
-
4,769
268
-
268		 96
-
-
6,385
-
6,385		 96
550
724
1,274
-
940
940
26,372
-
26,372
5,164
-
5,164
1,776
-
1,776
1,815
-
1,815
11,042
-
11,042
2,113
-
2,113
723
-
723
-
208
208
1,642
-
1,642
1,086
-
1,086
6,543
4,794
11,337
9,925
-
9,925
-
1,200
1,200		 1,300
1,709
23,626
3,431
544
2,590
7,124
953
247
180
828
-
12,305
7,304
1,484
68,751
7,866
76,617		 63,625
40
-
40
91
-
91
467
-
467		 840
-
464
598
-
598		 1,304
75,734
7,866
83,600		 65,025

15

THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF NORTHAM

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDING 31ST DECEMBER 2023

5
STAFF COSTS
Wages and salaries		 2023
2022
£
£
9,925
7,304
9,925
7,304

During the year the PCC employed an organist, bellringers, verger, clerk and administrator (all part-time) but no payments were large enough to attract social security costs. No remuneration was paid to any PCC member and no benefits in kind or pension contributions were paid.

6
FIXED ASSETS FOR USE BY THE PCC
6(a)
Tangible fixed assets
(all unrestricted)
COST
At 1 January 2023
Additions
At 31 December 2023
DEPRECIATION
At 1 January 2023
Charge for the year
At 31 December 2023
NET BOOK VALUE
At 31 December 2023
At 31 December 2022		 Church
equipment
TOTAL
£
£
2,538
2,538
-
-
2,538
2,538
2,538
2,538
-
-
2,538
2,538
-
-
-
-

6(b) Investment fixed assets
stment fixed assets
Market value at 1 January 2023
Funds transferred
Revaluation increase
Market value at 31 December 2023		 £
74,339.52
-
6,610.72
80,950.24

Holdings at 31 December 2023:

1,294.04 units in the CBF Investment Fund

317.00 income units of Charifund

1,388.44 shares in CBF Investment Fund

457.20 units in COIF Investment Fund

258 shares in Royal Dutch Shell plc

16

THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF NORTHAM

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDING 31ST DECEMBER 2023

7
NET INCOMING (OUTGOING) RESOURCES
This is stated after charging:
Independent examination
8
DEBTORS (UNRESTRICTED FUNDS)
Income tax recoverable
Mission Community expenses - other Parish shares Q4
Prepayments and other debtors
9
LIABILITIES: AMOUNTS FALLING DUE WITHIN ONE YEAR (UNRESTRICTED FUNDS)
Diocesan Parish Share
Deferred income
Accruals
Other creditors
10 ANALYSIS OF NET ASSETS BY FUND
Tangible fixed assets
Investment Fixed Assets
Current Assets
Current Liabilities
Fund Balance		 2023
2022
£
£
40
840
2023
2022
£
£
10,168
4,502
4,294
2,266
3,151
2,156
17,613
8,924
2023
2022
£
£
-
-
100
100
905
53
3,746
2,630
4,751
2,783
Unrestricted
Restricted
Funds
Funds
TOTAL
£
£
£
-
-
-
-
80,950
80,950
66,983
16,183
83,166
(4,751)
-
(4,751)		 2023
2022
£
£
40
840
2023
2022
£
£
10,168
4,502
4,294
2,266
3,151
2,156
17,613
8,924
2023
2022
£
£
-
-
100
100
905
53
3,746
2,630
4,751
2,783
62,232
97,133
159,365

17

THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF NORTHAM

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDING 31ST DECEMBER 2023

11 MOVEMENTS ON RESTRICTED FUNDS

Fixed Asset Investments
Debtors
Short Term Deposits
Cash at Bank and in Hand
Current Liabilities
Fixed Asset Investments
Debtors
Short Term Deposits
Cash at Bank and in Hand
Current Liabilities		 Balance at
Incoming
Expended
Fund
Gains
Balance at
1 Jan 23
Resources
Resources
Transfers
(Losses)
31 Dec 23
74,340
-
-
(1)
6,611
80,950
-
-
-
-
-
-
6,957
1,091
-
-
-
8,048
3,690
11,950
(7,866)
361
-
8,135
-
-
-
-
-
-
84,987
13,041
(7,866)
360
6,611
97,133
Balance at
Incoming
Expended
Fund
Gains
Balance at
1 Jan 22
Resources
Resources
Transfers
(Losses)
31 Dec 22
92,528
-
-
(10,000)
(8,188)
74,340
-
-
-
-
-
-
5,723
1,234
-
-
-
6,957
8,888
8,506
(23,704)
10,000
-
3,690
(7,422)
7,422
-
-
-
-
99,717
17,162
(23,704)
-
(8,188)
84,987

12 MOVEMENTS ON UNRESTRICTED FUNDS

Fixed Asset Investments
Debtors
Short Term Deposits
Cash at Bank and in Hand
Creditors
Fixed Asset Investments
Debtors
Short Term Deposits
Cash at Bank and in Hand
Creditors		 Balance at
Incoming
Expended
Fund
Gains
Balance at
1 Jan 23
Resources
Resources
Transfers
(Losses)
31 Dec 23
-
-
-
-
-
-
8,924
13,111
(4,422)
-
-
17,613
-
-
-
-
-
-
42,728
73,663
(66,661)
(360)
-
49,370
(2,783)
2,683
(4,651)
-
-
(4,751)
48,869
89,457
(75,734)
(360)
-
62,232
Balance at
Incoming
Expended
Fund
Gains
Balance at
1 Jan 22
Resources
Resources
Transfers
(Losses)
31 Dec 22
-
-
-
-
-
-
11,967
8,924
(11,967)
-
-
8,924
-
-
-
-
-
-
24,762
44,637
(26,671)
-
-
42,728
(3,870)
3,770
(2,683)
-
-
(2,783)
32,859
57,331
(41,321)
-
-
48,869

Unrestricted funds are general funds which can be used by the PCC on the charitable objectives and activities of the churches.

18

THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF NORTHAM

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDING 31ST DECEMBER 2023

13 OBJECTIVES OF RESTRICTED FUNDS

Ecclesiastical Purposes
General Church Purposes
Church & Churchyard
Churchyard
Churchyard Project
St Margaret's Roof
St Margaret's Heating System
St Margaret's Fabric Maint'ce
Building Maintenance
Missions and Charities
The Sick and Poor of the Parish
Ecclesiastical Purposes
General Church Purposes
Church & Churchyard
Churchyard
Churchyard Project
St Margaret's Roof
St Margaret's Heating System
St Margaret's Fabric Maint'ce
Building Maintenance
Missions and Charities
The Sick and Poor of the Parish		 Balance at
Incoming
Expended
Fund
Gains
Balance at
1 Jan 23
Resources
Resources
Transfers
(Losses)
31 Dec 23
14,370
-
-
-
1,364
15,734
30,533
5,795
(4,794)
12,953
3,300
47,787
201
-
-
-
19
220
12,146
-
-
-
1,153
13,299
100
208
(208)
-
-
100
16
5,284
(1,200)
3,951
-
8,051
75
3
-
-
-
78
16,697
5
-
(16,544)
-
158
2,551
82
-
-
-
2,633
-
1,664
(1,664)
-
-
-
8,298
-
-
-
775
9,073
84,987
13,041
(7,866)
360
6,611
97,133
Balance at
Incoming
Expended
Fund
Gains
Balance at
1 Jan 22
Resources
Resources
Transfers
(Losses)
31 Dec 22
16,277
-
-
-
(1,907)
14,370
51,335
1,257
(10,000)
(8,508)
(3,551)
30,533
227
-
-
-
(26)
201
13,759
-
-
-
(1,613)
12,146
-
280
(180)
-
-
100
(10,320)
3,312
(1,484)
8,508
-
16
74
1
-
-
-
75
16,458
10,180
(9,941)
-
-
16,697
2,518
33
-
-
-
2,551
-
2,099
(2,099)
-
-
-
9,389
-
-
-
(1,091)
8,298
99,717
17,162
(23,704)
-
(8,188)
84,987

Restricted funds may only be expended on the specific object for which they were given. Any balance remaining unspent at the end of each year must be carried forward and spent on the specific purpose for which the funds were given.

Fund transfers have occurred because monies have been moved between accounts considered to be Restricted and others considered to be Unrestricted. It relates to tax recovered being passed to the friends of St Margaret's account and an amount approved to be recategorised as Unrestricted to ease cashflows.

The shortfall in the St Margaret's Roof fund at the year end was covered by a unrestricted funds used to pay the final invoices after the year end.

14 RELATED PARTY TRANSACTIONS

In the year, no transactions have taken place between the Parish of Northam and any of the members, or any of their relations.

19

THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF NORTHAM

TREASURER’S ANNUAL FINANCIAL REVIEW

FOR THE YEAR ENDED 31ST DECEMBER 2023

In 2022 we made some important commitments to the Diocese to pay our Common Fund to ensure that we could advertise for a new Team Rector in 2023. It was all well worth it as Rev Jules Harris joined our Mission Community at the beginning of March 2023. Since then, Jules has brought an incredible energy into our Parish with many different positive ideas and projects to make us more sustainable and more part of the Northam community.

I have found that a fresh vision has been good, although there have been a lot of changes to keep up with. It is a joy to be involved in the new enthusiasm around the Parish and the Church. We must all make ourselves available to be of help in any way we can.

Incoming Funds

In general, most types of income streams have increased since 2022. Last year we noted that the Open Plate Collections had increased from just under £2,000 to £3,253. This year these collections have hugely increased to £5,337, which is higher than any year in the last ten years. It might be we need to communicate with the congregation to educate about Gift Aid and regular giving via standing order.

Weddings and Funerals (including inscriptions and stones) income has also increased substantially. Funeral director relations have been improved through the year to ensure all fees were received in a timely manner.

The most significant new income stream to the Parish of Northam is the takings income received from Coffee@Maggies. Our new coffee shop, that only opened mid-way through September 2023, made sales of £14,341. This income is welcome, of course, but the reason for its existence is not just delicious cakes but to bring the Northam Community together in a relaxed and friendly setting. The value of the outreach is difficult to quantify but is already seeing positive results.

Expenditure

In addition to the commitment to pay the Common Fund in 2022, we also needed to promise to pay the full 2023 amount to support the chance of a vicar joining the Mission Community in 2024. We were able to pay in full this year and have set up the direct debit for 2024 to pay that year in full too.

Our new Coffee Shop did also incur some costs from the time it opened. Most of the cakes available are freshly made by Gilbert Csecs with only the cost of the ingredients and other purchases being charged to the Parish. The costs from September to the end of year were £4,769.

The other costs that have also increased due to the church being open six days of the week since September are the Church Running Expenses – the church utilities. The gas has been on to keep the church warm for visitors and the electricity has been used more for the coffee machine etc.

There were various repairs this year but not on the scale of recent roof projects. One of the most significant was the repair of the organ. We were unable to use the organ until it was repaired. Parts had to be made from scratch to enable the experts to fix it. We had several generous people donate to the cost of the repair, we were able to claim back any VAT on the repair costs and the St Margaret’s Friends found the final amount needed to complete the project.

Thanks go to the St Margaret’s Friends again this year for all their financial support of various repair projects.

Finally, this year we have appointed a new independent examiner – Paul Dean – to replace Simpkins Edwards. The annual cost had risen to over £800. Our new cost for the review of the annual accounts is £40.

As with every year, I end my annual review with a huge thank you to Anne Irwin, Jon Ellis and Roger Guest. We work well as a team!

Mrs Joanna Berry BA (Hons) FCA, Parish Treasurer

20