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← The Parochial Church Council Of The Ecclesiastical Parish Of Bridport

2023-12-31-accounts

Team Rector: Team Rector: Parish Administrator:
The Revd Canon Deborah Smith C/o The Rectory
The Rectory
84South Street
Bridport, Dorset
DT6 3NW
Hon Secretary: Hon Treasurer:
Mrs Bridget Trump Mrs Janet Shaw,
18Maple Gardens 5, Douglas Avenue,
Bridport, Dorset Harold Wood,
DT6 4DR Romford, Essex
RM3 OUT
Lead Bankers: Independent
Examiner:
National Westminster Bank pic Scott Vevers
Ltd
Lloyds Bank pic 65 East Street,
TSB pic Bridport, Dorset
CCLA DT6 3LB

Team Rector: Team Rector: The Revd Canon Deborah
Chairman Smith
Team Vicar: The Revd Peter Stone Until April 2023
Assistant Curate The Revd Lorna Johnson
Assistant Curate The
Revd
Helen
Stewart		 Until July 2023
(Nee Croud)
Hospital Chaplain: The Revd Philip Ringer Ex-officio; Clergy rep on Deanery Synod
Churchwardens: Mrs Lesley Hill From Parishioners meeting 19June 2023
Mrs Heather Purse Until 21May 2023
Mrs Michele Craddock From Parishioners meeting 19June 2023
Mrs Bridget Trump (S.PCC From Parishioners meeting 19June 2023
Secreta ry)
Mr John Adams From Parishioners meeting 19June 2023
Chapel warden Mrs Rosemary
Russell		 Until APCM 21 May 2023
Vice chair Mr John Adams
Represent ati ves on Mr Stephen Bartlett From APCM 21May 2021.
the Deanery Synod. Mr Graham
Purse		 From Parishioners meeting 19June 2023
(Term of Office Mr Philip Sturrock From APCM 21 May 2021
APCM 2023 —2025)
Elected members:
Mr. Peter Carnell From Parishioners meeting 19June 2023
Mr James Craddock
Mrs Caroline Cooke
Mrs Josephine
George		 Until APCM 21May 2023

Mr Paul Groom
Mrs Lesley Hill
Mrs Carole Nelson
Mrs. Sue Pollock
Mrs Heather
Purse		 From Parishioners meeting 19June 2023
Mrs Janet Shaw PCCTreasurer
and		 co-opted to PCC6July 2021
Mrs Madeleine
Sturrock		 From APCM 21May 2023
Mrs Jane Trower From APCM 21May 2023
Mr Tyrone Trower
Mrs. Bridget Trump From APCM 21 May 2023
Mrs. Sue Wellman-Herold
Mrs Julia Whiting From Parishioners Meeting 19June 2023
Mrs Diana Wright

Unrestricted Restricted Endowment Total
Note Funds Funds Funds 2023
Income and Endowments: E E f. E
Voluntary
giving		 2a 185,719 183,405 369,124
Income generated
from events		 2b 10,925 50 10,975
Income from church activities 2c 42,708 22,992 65,700
Income from investments 2d 26,282 3,398 29,680
Other incoming resources 2e 136 3,724 3,860
Total income 265,770 213,569 479,339
Expenditure
on:
Church
ministry		 and activities 3a 134,545 33,000 167,545
Church
running		 expenses 3b 135,949 3,976 139,925
Raising funds 3G 1,330 16,042 17,372
Total expenditure 271,824 53,018 324,842
Net income / (expenditure) (6,054) 160,551 154,497
Net gain / (loss) on investments 6b 20,226 13,722 1,080 35,028
Net income 14,172 174,273 1,080 189,525
Transfer between funds 43,454 (43,454)
Net movement
in		 funds 57,626 130,819 1,080 189,525
Total funds brought
forward		 851,801 316,411 11,601 1,179,813
Total funds carried forward 10 909,427 447,230 12,681 1,369,338
Note Unrestricted Restricted Endowment Total
Funds Funds Funds 2022
Income and Endowments: E f f
Voluntary
giving		 2a 258,284 11,903 270,187
Income generated
from events		 2b 8,696 496 9,192
Income from church activities 2c 43,562 19,840 63,402
Income from investments 2d 17,781 3,961 21,742
Other incoming resources 2e 4,510 3,325 7,835
Tata I income 332,833 39,525 372,358
Expenditure
on:
Church
ministry		 and activities 3a 137,497 26,610 164,107
Church
running		 expenses 3b 113,541 279 113,820
Raising funds 3c 802 802
Total expenditure 251,840 26,889 278,729
Net income / (expenditure) 80,993 12,636 93,629
Net gains on investments 6b (28,698) (19,006) (1,538) (49,242)
Net income 52,295 (6,370) (1,538) 44,387
Transfer between funds 34,324 (34,324)
Net movement
in		 funds 86,619 (40,694) (1,538) 44,387
Total funds brought
forward		 765,182 357,105 13,139 1,135,426
Total funds carried forward 10 851,801 316,411 11,601 1,179,813

Balance Sheet as at 31December 2 023
Note 2023 2022
f f
Fixed assets
Tangible assets 6a
Investments 6b 884,302 669,274
884,302 669,274
Current assets
Debtors and prepayments 28,210 15,770
Short term deposits 242,554 244,586
Cash at bank and in hand 222,744 289,688
493,508 550,044
Creditors: Amounts falling due within one year (8,472) (39,505)
Net current assets 485,036 510,539
Total assets less current liabilities 1,369,338 1,179,813
Net assets 1,369,338 1,179,813
Funds ofthe charity:
Parish Funds
Unrestricted
funds		 909,427 851,801
Restricted funds 447,230 316,411
Endowment 12,681 11,601
Total Funds 1,369,338 1,179,813

Notes to the Notes to the Financial S tatements
for the		 year ended 31December 2023
2 Income and endowments Unrestricted Restricted Endowment Total Total
Funds Funds Funds 2023 2022
f f f f f
2a Voluntary
giving:
Regular or planned giving 95,903 95,903 97,006
Collections 9,913 9,913 8,949
All other giving or donations 20,258 2,385 22,643 23,130
Legacies received 31,041 31,041 100,640
Grants 6,895 180,100 186,995 10,543
Gift aid recovered 21,709 21,709 26,881
185,719 182,485 368,204 267,149
For Bridport Food Bank 920 920 3,038
185,719 183,405 369,124 270,187
2b Income generated from events:
Fundraising
events		 or activities 10,925 50 10,975 9,192
10,925 50 10,975 9,192
2c Income from church activities:
Hall or church lettings 19,775 19,775 14,136
Fund-raising
books, magazines
and publications		 2,049 2,049
The Bridge Community Magazine 20,511 20,511 24,774
21,824 20,511 42,335 38,910
Fees for wedding
and funerals		 20,884 2,481 23,365 24,492
42,708 22,992 65,700 63,402
2d Income from investments:
Dividends 11,419 154 11,573 11,566
Bank and other interest 7,663 3,244 10,907 2,966
Rent from property/investments 7,200 7,200 7,210
26,282 3,398 29,680 21,742
2e Other incoming resources:
VAT refunds 136 136 881
Other 3,629
136 4,510
External charities 3,724 3,724 3,325
136 3,724 3,860 7,835
Total Income 265,770 213,569 479,339 372,358

3 Expenditure Unrestricted Restricted Endowment Total Total
Funds Funds Funds 2023 2022
f f f f f
3a Church Ministry
and Activities:
Missionar
and charitable		 ivin
International
missions/relief		 agencies 520 377 897 811
Local or national
missions/relief		 1,650 1,650 1,890
Specific donations to external charities 1,970 1,970 4,370
2,170 2,347 4,517 7,071
Bridport Food Bank transfers 23,980 23,980
2,170 26,327 28,497 7,071
Outreach
and Communit
Community
Mission and Evangelism		 4,172 895 5,067 6,314
Cost ofThe Bridge Community
Magazine		 27 27 13,850
4,172 922 5,094 20,164
Salaries
remuneration
and		 HR:
Administrator
and other
HR costs		 9,960 3,000 12,960 11,175
Payment to vergers, choirs, bellringers 3,568 190 3,758 3,124
Payment to organists 8,234 2,561 10,795 10,634
21,762 5,751 27,513 24,933
Diocesan Fairer Share for 2023 115,297 115,297 111,939
Reduction to legacy Fairer Share (8,856) (8,856)
128,203 5,751 133,954 136,872
Total Church
Minist, ry and Activities		 134,545 33,000 167,545 164,107
3b Church Running
Expenses:
Services and Fabric:
Supplies for services 1,244 1,244 1,503
Health 5safety, cleaning supplies 3,803 3,803 2,227
Hall and rental property costs 1,653 1,653 2,127
Churchyard
maintenance		 9,093 55 9,148 8,636
General repairs and maintenance 13,372 200 13,572 20,115
29,165 255 29,420 34,608
Ma'or works and re airs:
Major repairs 46,063 159 46,222 17,206
46,063 159 46,222 17,206
Church ex enses
external
Music related 2,761 2,761 2,268
Governance
and professional		 fees 3,540 3,540 2,634
Bank charges 230 230 373
Insurance 19,125 19,125 16,875
Utilities 21,695 21,695 18,322
47,351 47,351 40,472

Notes t o t he Financial Statements
for the y		 Statements
for the y		 ear ended 3 1December 2 023
3 Expenditure Unrestricted Restricted Endowment Total Total
Funds Funds Funds 2023 2022
f f
3b Church
Running
Expenses		 (continued):
Cler
staff and
arish		 Ex enses:
Office administration, stationery etc 2,674 171 2,845 2,120
Photocopier
and office		 equipment 2,086 2,086 1,318
Communications 4,200 184 4,384 3,812
Books, magazines and publications 906 906 271
Other clergy resources 278 278 (598)
Sundries,
including		 gifts 738 738 537
Garden 612 612 996
Hospitality 303 303 339
Travel and parking 658 658 1,609
Training
and development		 198 198 3,837
Retreats 270 270
Any other expenditure 447 3,207 3,654 3,755
13,370 3,562 16,932 17,996
Parochial fees account 3,538
13,370 3,562 16,932 21,534
Total Church
Running		 Expenses 135,949 3,976 139,925 113,820
3c Raising Funds:
Costs ofappeals 79 79
Cost offund-raising events 1,251 10 1,261 802
Cost oftrading 16,032 16,032
Total Raising Funds 1,330 16,042 17,372 802
Total Expenditure 271,824 53,018 324,842 278,729
4 Analysis of Expenditure including Allocation ofSupport Costs
Direct Support Total Total
Costs Costs 2023 2022
f f f f
Church
running
and		 maintenance 54,192 200 54,392 55,312
2023 2022
f f
Accountancy
Fee		 1,434 960
Independent
Examination		 2,106 1,410
4a Charitable
Payments		 2023 2022
f f
Charitable
items to		 families and individuals 5,822 3,633

Notes t o the Finan cial State ments
for the year ended		 31December 2023
5 Staff Costs 2023 2022
f f
Wages and salaries 9,960 8,400
Employers National Insurance contributions
9,960 8,400
Average number of employees -full-time equivalents 0.5 0.5

Other than the foregoing
no travel and subsistence
have been paid.
Donations
in the normal course of giving have been received from related parties		 (PCC members).
6 Fixed Assets
6a Tangible Fixed Assets Copier Total
f f
Cost
At 1stJanuary 2023 3,420 3,420
Additions
At 31st December 2023 3,240 3,240
Depreciation
At 1stJanuary 2023 3,420 3,420
Charge for the year
At 31st December 2023 3,420 3,420
Net Book Value
At 31st December 2023
At 31st December 2022

Investments 2023 2022
f f
Market value at 1stJanuary 2023 669,274 718,516
Additions 180,000
Revaluation gains/(losses) 35,028 (49,242)
Market value at 31st December 2023 884,302 669,274
The investments are:
Year of 2023 2022 2023 2022
Qty Purchase Original Original
Cost Cost Valuation Valuation
St Swithun's Allin ton f f f f
Legacy Investment:CBF Investment 1822 Various N/a N/a 41,185 37,644
Shares 1722 1997 15,000 15,000 38,925 35,578
1806 2015 20,000 20,000 40,824 37,313
5062 2017 80,618 80,618 114,424 104,584
10412 235,358 215,119
Fabric Fund
Shares		 - CBFProperty Income 14250 2018 20,042 20,042 17,457 18,599
Nadia Muton Fund:CBF Investment 3356 Various N/a N/a 75,871 69,346
Shares 426 1997 3,896 3,896 9,631 8,802
370 1998 3,896 3,896 8,365 7,645
325 2000 3,896 3,896 7,347 6,716
329 2001 3,847 3,847 7,437 6,798
383 2002 3,840 3,840 8,659 7,914
423 2004 3,846 3,846 9,563 8,741
385 2006 3,846 3,846 8,704 7,956
5997 135,577 123,918
FCT Gift 8105 2023 180,000 183,205
Total CBF Investment Shares N/a N/a N/a 571,597 357,636
Bequest
Cox Charity: COIF Income Shares N/a 1870 100 100 5,199 4,762
Total 576,796 362,398
Hol
Trinit		 Brad ole
Lloyds Bank Shares 50 1998 Nil Nil 24 37
[Ex.HBOS Shares - bequeathed 9Sep, '98]
Total 24 37
St Ma
's Brid		 ort
Cox's Trust, CBFInvestment Shares 331 N/a 300 300 7,482 6,839
Total 7,482 6,839
St Ma
's Walditch
School House N/a N/a N/a 300,000 300,000
Total 300,000 300,000
884,302 669,274

7 Debtors and Prepayments Prepayments 2023 2022
f f
Gift Aid recoverable 23,589 14,472
Prepayments 485
Other debtors 4,621 813
28,210 15,770
8 Liabilities 2023 2022
Amounts
falling		 due within one year: f f
Accruals 3,684 2,514
Other creditors 4,788 36,991
8,472 39,505
9 Funds: 2023 2022
f f
Restricted Funds:
StSwithun's, Allington Nadia Muton Fund - restriction St Swithun's 135,577 123,918
Repairs fund 17,457 18,599
FCTGift 183,205
Cox's Charity fund 802 810
Various minor funds 455 4,190
337,496 147,517
Holy Trinity, Bothenhampton Church Building Fabric Fund 73,914 71,618
Other giving fund 45
73,959 71,618
Holy Trinity, Bradpole Various minor funds 300 37,035
300 37,035
StMary' s, Bridport Stonework 5,655 5,655
Fabric 2,441 2,799
Altar Linen 3,270 3,113
Hampers 3,704 2,896
General 4,985 7,257
Discretionary R/CW 396 396
Flowers 14 21
Bridport Food Bank 706 23,766
21,171 45,903
St Mary' s, Walditch None
StJohn's, West Bay None
PCC, Fees Account and The Bridge
Warm Spaces 3,082
Ukraine support 1,412 390
The Bridge bank account 12,892 10,866
14,304 14,338
Total Restricted Funds 447,230 316,411
Notes to Notes to the Financial Statements the Financial Statements for the year for the year ended 31 December 2023
Endowment Funds: 2023 2022
St Swithun's Allin ton Cox's Charity 262 COIF Income Shares f f
exf100bequest in 1870 5,199 4,762
The use of this Trust
is		 restricted to the poor of Parish of Allington - charity's
objectives.
The support		 is usually of monetary assistance at the discretion of the
charity.
St Mar 's Brid ort Altar: Cox Legacy - 331CBFInvestment Shares 7,482 6,839
12,681 11,601

2023 2022
f E
St Swithun's Allin ton McCarthy Trust 7,663 7,004
10 Summary of Fund Movements Unrestricted Restricted Endowment Total
E f f E
Balance at 1January 2023 851,801 316,411 11,601 1,179,813
Income and endowments 265,770 213,569 479,339
Expenditure (271,824) (53,018) (324,842)
Investment gains/(losses) 20,226 13,722 1,080 35,028
Transfer between funds 43,454 (43,454)
Balance at 31December 2023 909,427 447,230 12,681 1,369,338

The PARISH ancI B The PARISH ancI B ENEFICE Of BRIDPORT ENEFICE Of BRIDPORT ENEFICE Of BRIDPORT
Notes tothe Financial Statements forthe year ended 31December 2023
11 Summary ofAssets by Fund Unrestricted
f		 Restricted
f		 Endowment Total
f
11a ~BT~e
Investment fixed assets 535,382 336,239 12,681 884,302
Current assets 381,936 111,572 493,508
Liabilities falling due within one year (7,891) (581) (8,472)
909,427 447,230 12,681 1,369,338
Hol
Trinit		 Bothenham ton
Current assets 20,625 73,959 94,584
Liabilities falling due within one year
20,625 73,959 94,584
Hol
Trinit		 Brad
ole
Investment fixed assets 24 24
Current assets 141,511 437 141,948
Liabilities falling due within one year (124) (137) (261)
141,411 300 141,711
StJohn's West Ba
Current assets 68,893 68,893
68,893 68,893
St Ma
's		 Brid ort
Investment fixed assets 7,482 7,482
Current assets 49,459 21,292 70,751
Liabilities falling due within one year (121) (121)
49,459 21,171 7,482 78,112
St Ma
's		 Walditch
Investment fixed assets 300,000 300,000
Current assets 30,776 70 30,846
Liabilities falling due within one year (963) (70) (1,033)
329,813 329,813
St Swithun's
Allin
ton
Investment fixed assets 235,358 336,239 5,199 576,796
Current assets 38,401 1,510 39,911
Liabilities falling due within one year (195) (253) (448)
273,564 337,496 5,199 616,259
PCC Fees Account and The Brid e
Current assets 32,271 14,304 46,575
Liabilities falling due within one year (6,609) (6,609)
25,662 14,304 39,966
Total Funds 909,427 447,230 12,681 1,369,338

Potential co sts
Quinquennial inspection dates are given for guidance
The following estimates are foreseeable Potential cost of minor works and repairs:
Date of last
Urgent		 (in Within Within Within
quinquennial next 6 months) 1Year 2 Years 5Years
inspection E E
Holy Trinity, Bothenhampton March 2019
Holy Trinity, Bradpole November 2022 1,500 1,000
StJohn' s, West Bay December 2021 6,000
St Mary' s, Bridport October 2020
St.Mary' s, Walditch November 2022 260
St Swithun's, Allington July 2021 2,000 2,000 6,000 15,000
Potential cost ofmajor projects and works:
Urgent (in Within Within Within
next 6 months) 1Year 2Years 5 Years
E E f E
Holy Trinity, Bothenhampton March 2019
Holy Trinity, Bradpole November 2022 9,000 28,000
StJohn' s, West Bay December 2021 30,000
St Mary' s, Bridport October 2020 20,000 25,000 25,000
St Mary' s, Walditch November 2022 2,280
StSwithun's, Allington July 2021 25,000 200,000 225,000 325,000

Financial instruments
The carrying amounts
of		 the charity's financial instruments measured at fair value through net income /
expenditure
are as follows:
2023 2022
f f
Financial assets
Measured
at fair value		 through net income / expenditure:
- Fixed asset investments 884,302 669,274
Measured at amortised cost
- Debt instruments 493,508 549,559
1,377,810 1,218,833
Financial
liabilities
Measured
at amortised		 cost 8,472 39,505
The income, expenses, net gains and net losses attributable the charity's financial instruments are
summarised
as follows:
Income and expense
Financial assets measured at fair value through net income / expenditure 11,573 11,566
Financial assets, that are debt instruments, measured at amortised cost 10,907 2,966
Net gains and losses
Financial assets measured at fair value through net income / expenditure 35,028 (49,242)