THE AUDITED ACCOUNTS 2023 Financial Pages
Balance Sheet
| Balance Sheet | Balance Sheet | Balance Sheet | ||||||||
|---|---|---|---|---|---|---|---|---|---|---|
| AS AT 31 DECEMBER 2023 | Unrestricted | Restricted | ||||||||
| Funds | Funds | 2023 | 2022 | |||||||
| Note FIXED ASSETS |
||||||||||
| CURRENT ASSETS | ||||||||||
| Debtors - Gift Aid | 3.1 | 7,323 | 7,323 | 3,425 | ||||||
| Sundry Debtors | 3.2 | 11,820 | 11,820 | 8,572 | ||||||
| HSBC Current | 18,763 | 18,763 | 14,006 | |||||||
| HSBC Music | 6,513 | 6,513 | 6,390 | |||||||
| Petty Cash | 60 | 60 | 60 | |||||||
| TOTAL CURRENT ASSETS | 44,479 | 32,453 | ||||||||
| LESS CURRENT LIABILITIES | ||||||||||
| NET WORKING | CAPITAL | - | 44,479 | 32,453 | ||||||
| TERM ASSETS | IN BANK | |||||||||
| Care International Account | 3.4 | 2,270 | 2,270 | 1,635 | ||||||
| CCLA CBF | C of E Deposit account | 128,352 | 128,352 | 121,434 | ||||||
| Minus Adjustment for 2017 | to CCLA Dep a/c | - | 16 |
- | 16 |
|||||
| HSBC | Business BMM account | 40,368 | 40,368 | 10,084 | ||||||
| CBF C of E Investment Fund Income Shares | 3.3 | 86,000 | 86,000 | 86,000 | ||||||
| TOTAL TERM ASSETS | 256,974 | 256,974 | 219,153 | |||||||
| TERM ASSETS | ||||||||||
| Lend | with Care - Out on Loan | 2,698 | 3,479 | |||||||
| PARISH FUNDS - NET ASSETS | ||||||||||
| Unrestricted | 304,151 | |||||||||
| Restricted | ||||||||||
| 304,151 |
255,085 | |||||||||
| The notes 2 and | 3 form part of these accounts |
Approved by the Parochial Church Council on ____ and signed on its behalf by
William Gulliford (PCC Chairman) and Colin Luke (Hon Treasurer).
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Statement of financial activities for the year ending 31 December 2023
| **Unrestricted ** | Restricted | Total | Total | ||
|---|---|---|---|---|---|
| PROFIT & LOSS | Funds | Funds | 2023 | 2022 | |
| Note INCOMING RESOURCES |
|||||
| Voluntary income | 2.1 | 76738 | 76738 | 108,760 | |
| Activities for generating funds | 2.2 | 2608 | 2608 | 828 | |
| Church activities | 2.3 | 89777 | 89777 | 82,426 | |
| Diocese of Europe | 39,694 | 39,694 | 38,340 | ||
| St Pancras Land Trust | 12,000 | 12000 | 12,000 | ||
| Fees received | 685 | 685 | 841 | ||
| Interest | 7387 | 7387 | 3,998 | ||
| Other incoming resources | 2.4 | 15163 | 15183 | 5,252 | |
| Repaid by Diocese for vicarage | 2.5 | 7000 | 7000 | 32,869 | |
| TOTAL INCOMING RESOURCES | 239,052 | 12,000 | 251,052 | 285,314 | |
| RESOURCES EXPENDED | |||||
| Vicar's expenses | 151 | 151 | 114 | ||
| Vicar's expenses - phones | 944 | 944 | 723 | ||
| Diary Manager | 1,500 | 1,500 | 1,500 | ||
| Assistant Priest - Paul Nicholson - exps | 270 | 270 | 44 | ||
| Technology | 4,428 | 4,428 | 76 | ||
| Vicarage | 2.5 | 7,198 | 7,198 | 18,662 | |
| Altar expenses | 989 | 988 | 1,428 | ||
| Flowers | 435 | 435 | 150 | ||
| Verger fees | 300 | 300 | 500 | ||
| Church music | 2.6 | 30,154 | 30,154 | 33,753 | |
| Diocese of London Common Fund | 2.7 | 87,992 | 87,992 | 85,200 | |
| Other Preachers | 2,869 | 2,869 | 2,100 | ||
| Joanna expenses | 44 | 44 | 1,175 | ||
| St Melitus college training | 3,075 | 3,075 | 0 | ||
| Bank Fees | 248 | 248 | 203 | ||
| Cleaning | 3,393 | 3,393 | 2,990 | ||
| Website | 135 | ||||
| Insurance | 8,829 | 8,829 | 8,145 | ||
| Vestments | 2,782 | 2,782 | 440 | ||
| Candlesticks | 1,417 | 1,417 | 0 | ||
| Building and Maintenance | 2.8 | 12,749 | 12,749 | 78,981 | |
| Utilities | 2.9 | 14,595 | 14,595 | 3,566 | |
| Printing service order | 5,445 | 5,445 | 4,913 | ||
| Publicity | 600 | 600 | 760 | ||
| Secretarial and office | 2,832 | 2,832 | 1,815 | ||
| Banns & Confirmation books | 134 | 134 | |||
| Tea, Coffee, hospitality | 340 | 340 | 234 | ||
| Parish events | 1,350 | 1,350 | 573 | ||
| Parish Fish and Chips | 680 | 680 | |||
| HM Book of condolence | 409 | ||||
| Christmas Hospitality & Gifts | 567 | 567 | 666 | ||
| Catering | 884 | 884 | 595 | ||
| Christmas Printing | 418 | 418 | 448 | ||
| Legal | - | - | 620 | ||
| Collected for Lacock Scholars | 734 | 734 | |||
| Charitable giving | 2.10 | 2,646 | 2,646 | 1,205 | |
| Bayleaf the donkey | 750 | 750 | 750 | ||
| Various | 2.11 | 185 | 245 | 91 | |
| TOTAL RESOURCES EXPENDED | 201,927 | 201,986 | 252,964 | ||
| NET INCOMING RESOURCES | 49,066 | 32,350 | |||
| C/FWD from previous year | |||||
| BALANCES B/FWD 1 JAN 2023 | 255,085 | 222,735 | |||
| BALANCES C/FWD 31 DEC 2023 | 304,151 | 255,085 |
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Notes to the accounts
| INCOME | Total | Total | |
|---|---|---|---|
| 2023 | 2022 | ||
| 2.1 | Voluntary income | ||
| Collections and Donations - Gift Aid | 38453 | 61777 | |
| Collections - non gift aid | 6527 | 4316 | |
| Donations - non gift aid | 12334 | 17265 | |
| Sum Up | 6426 | 5623 | |
| Legacy | 0 | 0 | |
| Wall safe | 484 | 286 | |
| Gift Aid recoverable | 5190 | 19493 | |
| 69,414 | 108,760 | ||
| 2.2 | Activities for generating funds | ||
| Easy Fundraising / Book of Remem | 46 | 39 | |
| Clothes sale | 1950 | ||
| Quiz | 326 | ||
| Music Festival income | 612 | 463 | |
| 2,608 | 828 | ||
| 2.3 | Income from church activities | ||
| Mobile Phone Mast | 18114 | 14300 | |
| Cafp | 3600 | 2903 | |
| Nursery School | 41188 | 36769 | |
| Concerts & Rehearsals | 6817 | 9140 | |
| Church use | 13085 | 12252 | |
| Rent from AA | 800 | 560 | |
| Sale of Christmas Trees | 6173 | 6502 | |
| 89,777 | 82,426 | ||
| 2.4 | Other income resources | ||
| Listed places of Worship | 1639 | ||
| Music for weddings | 1300 | 3610 | |
| EDC France | 865 | ||
| Electricity paid by Shared Access | 10309 | ||
| Verger fee received | 100 | 600 | |
| Printing received | 20 | 852 | |
| Other income | 950 | 190 | |
| 15,183 | 5,252 |
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Notes to the accounts
| EXPENDITURE | Total | Total | Total | |
|---|---|---|---|---|
| 2,023 | 2022 | |||
| **2.5 ** | Vicarage | |||
| The PCC agreed to cash flow | ||||
| the painting of the Vicarage | ||||
| inside and out. The Diocese | ||||
| property dept has repaid its share. | ||||
| this yHDU 7,000 |
18,662 | |||
| vicarage rat protection & knobs | 198 | |||
| 7,198 | 18,662 | |||
| **2.6 ** | Church Music | |||
| Director of Music | 9,275 | 11,046 | ||
| Other Organists | 2,430 | 2,480 | ||
| Choir | 12,594 | 16,229 | ||
| Organ Maintenance & Tuning | 1,755 | 2,360 | ||
| Sheet music | 382 | |||
| Other music expenses | 1,790 | 110 | ||
| Wedding Music | 525 | |||
| Music Festival expenses | 1,785 | 1,146 | ||
| 30,154 | 33,753 | |||
| **2.7 ** | Diocese of London | |||
| Common Fund | 87,775 | 85,200 | ||
| Deanery Synod | ||||
| London Diocese Fees | 217 | |||
| 87,992 | 85,200 | |||
| **2.8 ** | Building & Maintenance | |||
| Maintenace of Building | 11,004 | 4,451 | ||
| Maintenance of Garden | 124 | 3,750 | ||
| Maintenance of Clock | 180 | 877 | ||
| Electrician | 1,441 | |||
| Sound System | ||||
| Kitchen | 348 | |||
| Boundary Wall | 69,555 | |||
| 12,749 | 78,981 | |||
| **2.9 ** | Utlities | |||
| Gas | 7,033 | 2,996 | ||
| Electricity | 7,883 | - | 792 |
|
| Water (vicarage) | 616 | 561 | ||
| Water (church) | 213 | 153 | ||
| Telephone / Broadband | 807 | 648 | ||
| 16,552 | 3,566 | |||
| **2.10 ** | Charitable giving | |||
| Half of Alan Hardy's collection | 500 | |||
| Ukraine via Aubet | 500 | |||
| Care international | 205 | |||
| Christchurch Munster Square | 2,000 |
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Notes to the Accounts
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3.1 Gift Aid claimed at end of year 7,323
but to be paid in Jan 2024
3.2 Awaiting additional amount from Diocese of Europe for WG's services 3,424
but to be paid in Jan 2024
payment in Feb from Ecosse (Pines & Needles) for the Christmas Trees 6,173
payment in Feb from Ecosse (Pines & Needles) for Electricity used
Awaiting payment for electricity used by caf�p Sept - Dec 1,957
Total of Sundry Debtors 11,820
3.3 We have invested our reserves in the Church of England Investment Fund.
50,000 invested between Nov 2018 and March 2019 = 2993.16 shares
20,000 invested in Nov 2020 = 986.09 shares
30,000 invested in Jan 2021 = 1459.40 shares
Total 100,000 = 5438.65 shares
623.07 shares sold on 21.09.2021 = 14,000 added to BMM account for the boundary wall
Remaining shares 4815.58 valued by CCLA on 31 Dec 2023 = 108,858
The income yield for 2023 = 2.73%
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3.4 Lend with Care
A loan account organised by the charity CARE INTERNATIONAL This loan account was set up in 2015. (2K in 2015, 2K in 2017 & 2K in 2021) Total This money is lent out, repaid and then lent out again. On the 10th of January 2024 a further loan was added to this account Lendwith Care constantly update the figures on our account so it is not possible to know the exact state of our account on 31st Dec 2023 The following figures are true on the date 10 Feb 2024 In total has been lent out to poor people in Africa, Asia and S America 176 separate loans have been made 33 was written off in 2016 from two bad debst in Zimbabwe 146 was written off in 2022 for four bad debts in Vietnam Donations are made to help Care International with this work. 152 was donated to Care International in 2023 Total donated by 31.12 2023 = Currency Fluctuation losses = 454 repaid and sitting in our account 2,270 Out on loan 2,698 The monies in this account can either be lent out again or recalled if needed by us
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INDEPENDENT EXAMINER'S REPORT TO THE PCC OF ST MARK'S REGENT'S PARK
This report on the financial statements of the PCC for the year ended 31 December 2023 is in respect of an examination carried in February 2024.
Respective responsibilities of the PCC and the examiner
As members of the PCC you are responsible for the preparation of the financial statements; you consider that the audit requirement of the Regulations and s.43(2) of the Charities Act 1993 does not apply and that these accounts are to be reviewed by an independent examiner.
Independent examiner’s statement
-
My examination included a limited review of the accounting records and a comparison of the accounts with these records. I have reviewed the Balance Sheet and Profit and Loss Account drawn up by the Treasurer. The procedures undertaken do not provide all the evidence that would be required in an audit and accordingly I do not express an opinion on the view given by the accounts.
-
On the basis of this review and discussions with the Treasurer, no matter has come to my attention which gives me reasonable cause to believe that in any material respect the requirements to keep accounting records and to prepare financial statements which accord with the accounting records have not been met, or to which, in my opinion. attention should be drawn in order to enable a proper understanding of the accounts to be reached.
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