2023-12-31-accounts - The Parochial Church Council Of The Ecclesiastical Parish Of Broadwater Worthing

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		Page
Report ofthe Trustees	1	to	9
Independent Examiner's Report		10
Statement ofFinancial Activities
Statement ofFinancial Position		12
Statement ofCash Flows
Notes to the Statement ofCash llows		14
Notes to the Financial Statements	15	to	23
Detailed Statement ofFinancial Activities	24	to	25

CLERGY
Team Rector	The Revd Gaz Daly
Team Vicar	The Revd Gary Neal
Assistant Pastor	Vacant
PARISH WARDENS	Mr Andrew Rayner
		Miss Katie Gould (until September 2023)
DEPUTY-WARDENS
St Mary' s		Mr George Woollard
		Mr Philip Nokes
St Stephen's	Mrs Mary Stewart
Queen Street	Vacant
DEANERY SYNOD
		Mrs Liz Farrow
		Mr John Whitehead
		Mr Daniel Hay
		Mr Matthew Tomson
		Ms Sandra Squire
PCC REPRESENTATIVES
St Mary' s		Mrs Patricia Westram
		Mrs Tusa Clark
		Mr Samuel Gnanaratnam
		Mrs Elizabeth Crockett
		Mr Andrew Marshall
		Ms Vivienne Tutfi
PCC TREASURER	Mr Geotliey Gair
PCC SECRETARY	Miss Kate Greenfield
2.1PCC Appointments	and	Responsibilities

					2023	2022
			Unrestricted	Restricted	Total	Total
			funds	funds	funds	funds
		Notes
INCOMING RESOURCES FROM
CHARITABLE ACTIVITIES FROM
Voluntary income		2	346,615		346,615	347,630
Charitable activities
Church Activities			2,959		2,959	9,429
Activities for generating	funds		19,060		19,060	20,012
Investment income			31,414		31,414	19,272
Other income			5,745		5,745	174,619
Total			405,793		405,793	570,962
EXPENDITURE ON
Charitable activities
Church Activities			438,722		438,722	480,347
Charitable activities			51,250		51,250	37,995
Total			489,972		489,972	518,342
NET INCOME/(EXPENDITURE)			(84,179)		(84,179)	52,620
Transfers between funds		12	23,080	(23,080)
Net movement in funds			(61,099)	(23,080)	(84,179)	52,620
RECONCILIATION	OF FUNDS
Total funds brought forward			1,107,000	194,383	1,301,383	1,248,763
TOTAL FUNDS CARRIED FORWARD			1,045,901	171,303	1,217,204	1,301,383

					2023	2022
			Unrestricted	Restricted	Total	Total
		Notes	funds f	faults I	funds f	fundsI
FIXEDASSETS
Tangible assets		10	396MI		396441	396,241
CURRENT ASSETS
Cash at bank			6494160	171@03	820rr63	905,144
CREDITORS
Amounts falling duc within	one year
NET CURRENT ASSETS			6494160	171~	820rr63	905,142
TOTAL ASSETSLESSCURRENT
LIABILITIES			13145rt01	171~3	1417404	1,301,383
NET ASSETS			4N5 rt01	171W3	1417~	1,30l.383
FUNDS		12
Unrestricted funds:
Unrestricted - General					590rt06	634,255
Designated - Quinquennial	and AudintVisual				55452	70,752
Designated - Parish Centre	Fund				400,043	401.993
					Idt45WI	1,107,000
Resnicted fimds:
Restricted - St Mary's Re-ordering Restricted - Parish Yoruh Work					29dt29 I29~	53,833 129,3()0
Restricted - Childrens Pastor Sabuy					12,174	11.250
					171~3	194,383
TOTAL FUNDS					I/17/04	1,301,383

					2023	2022
				Notes
Cash flows from operating	activities
Cash generated frotn operations					(121,340)	(141,271)
Net cash used in operating	activities				(121,340)	(141,271)
Cash flows from investing	activities
Other income					5)745	9,527
Saleofheritage assets						165,092
Saleofinvestment property						238,376
Interest received					31,414	19,272
Net cash provided by investing		activities			37,159	432,267
Change in cash and cash equivalents the reporting period			in		(84,181)	290,996
Cash and cash equivalents	at	the
beginning ofthe reporting	period				905,144	614,148
Cash and cash equivalents	at	the end	of
the reporting period					820,963	905,144

RECONCILIATION	OFNET (EXPENDITURE)/INCOME	OFNET (EXPENDITURE)/INCOME	OFNET (EXPENDITURE)/INCOME	TO NET CASH	FLOW FROM	FLOW FROM
OPERATING ACTIVITIES
					2023	2022
					5
Net (expenditure)/income		for the reporting	period (asper tbe
Statement ofFinancial	Activities)				(84,179)	52,620
Adjustments for:
Profit on disposal offixed assets					(5,745)	(174,619)
Interest received					(31)414)	(19,272)
Decrease in creditors					(2)
Net cash used in operations					(121,340)	(141,271)
ANALYSIS OF CHANGES IN NET FUNDS
				At 1.1.23	Cash flow	At 31.12.23
				8	f
Net cash
Cash at bank				905,144	(84,181)	820,963
				905,144	(84,181)	820,963
Total				905,144	(84,181)	820,963

2.	VOLUNTARY INCOME	VOLUNTARY INCOME	VOLUNTARY INCOME
						2023	2022
				Unrestricted	Restricted	Total	Total
				funds	funds	funds	funds
				5
	Planned	giving		189,710		189,710	188,015
	Collection		at services	19,552		19,552	16,122
	Donations		and appeals	73,330		73,330	74,242
	Income tax		recoverable	57,148		57,148	51,418
	Grants			6,875		6,875	16,833
	Legacies						1,000
				346,615		346,615	347,630
3.	ACTIVITIES FOR GENERATING FUNDS
						2023	2022
				Unrestricted	Restricted	Total	Total
				funds	funds	funds	funds
	Room hire			17,520		17,520	20,012
	Other			1,540		1,540
				19,060		19,060	20,012
4.	INVESTMENT INCOME
						2023	2022
				Unrestricted	Restricted	Total	Total
				funds	funds	funds	funds
	Interest received and Rental income			31,414		31,414	19,272

5.	INCOME	FROM CHARITABLE ACTIVITIES
				2023	2022
		Activity
	Fees	Church Activities		2,959	9,429
6.	CHARITABLE ACTIVITIES COSTS
				Support
			Direct	costs (see
			Costs	note 7)	Totals
				8
	Church Activities		438,722		438,722
	Charitable	activities	48,331	2,919	51,250
			487,053	2,919	489,972
7.	SUPPORT	COSTS
					Governance
					costs
	Charitable	activities			2,919

There were no trustees' expenses paid for the year ended 31 December 20 31 December 2022.	There were no trustees' expenses paid for the year ended 31 December 20 31 December 2022.	There were no trustees' expenses paid for the year ended 31 December 20 31 December 2022.	23 nor for the	year ende
COMPARATIVES FORTHE STATEMENT OFFINANCIAL ACTIVITIES
		Unrestricted	Restricted	Total
		funds	funds	funds
INCOMING RESOURCES FROM
CHARITABLE ACTIVITIES FROM
Voluntary income		347,630		347,630
Charitable activities
Church Activities		9,429		9,429
Activities for generating	funds	20,012		20,012
Investment income		19,272		19,272
Other income		174,619		174,619
Total		570,962		570,962

9.	COMPARATIVES	FOR THE	FOR THE	STATEMENT	OFFINANCIAL	ACTIVITIES	-continued
						Unrestricted	Restricted	Total
						funds	funds	funds
	Charitable activities
	Church Activities					480,347		480,347
	Charitable activities					37,995		37,995
	Total					518,342		518,342
	NET INCOME					52,620		52,620
	Transfers between	fuads				94,756	(94,756)
	Net movement in funds					147,376	(94,756)	52,620
	RECONCILIATION		OFFUNDS
	Total funds brought	forward				959,624	289,139	1,248,763
	TOTAL FUNDS CARRIED FORWARD					1,107,000	194,383	1,301,383
10.	TANGIBLE FIXEDASSETS
						Moveable
				Freehold	Plant and	church
				property	machinery	furnishings	Equipment	Totals
								8
	Cost
	At 1 January 2023 and
	31 December 2023			396,241	1,291	74,426	29,695	501,653
	Depreciation
	At 1 January 2023 and
	31 December 2023				1,291	74,426	29,695	105,412
	Net book value
	At 31December 2023			396,241				396,241
	At 31December 2022			396,241				396,241

	Freehold land and property	Freehold land and property
	Freehold land
	Rear ofQueen Street					16,057
	Freehold property Broadwater centre			1987		140,682
	Clergy houses 67 Normandy Road			1995	93 804
	37 Angola Road			1997	145,698	239,502
	TOTAL					396,241
11,	CREDITORS: AMOUNTS FALLING DUE WITHIN ONE			YEAR
					2023	2022
					5	f
	Other creditors					2
12.	MOVEMENT IN FUNDS
				Net	Transfers
				movement	between	At
			At 1.1.23	in funds	funds	31.12.23
				f.	5
	Unrestricted funds
	Unrestricted -General		634,255	(84,179)	40,330	590,406
	Designated - Quinquennial and
	AudioWisuat		70,752		(15,300)	55,452
	Designated - Parish Centre Fund		401,993		(1,950)	400,043
			1,107,000	(84,179)	23)080	1,045,901
	Restricted funds
	Restricted - St Mary's	Re-ordering	53,833		(24,004)	29,829
	Restricted - Parish Youth Work		129,300			129,300
	Restricted - Childrens	Pastor Salary	11,250		924	12,174
			194,383		(23,080)	171)303
	TOTAL FUNDS		1,301,383	(84,179)		1,217,204

MOVEMEN	MOVEMEN	T IN FUNDS -cont	T IN FUNDS -cont	T IN FUNDS -cont	inued
Net movement		in funds, included			in the above	are as follows:
							Incoming	Resources	Movement
							resources	expended	in funds
Unrestricted		funds
Unrestricted	-General						405,793	(489,972)	(84,179)
TOTALFUNDS							405,793	(489,972)	(84,179)
Comparatives		for movement in			funds
							Net	Transfers
							movement	between	At
						At 1.1.22	in funds	funds	31.12.22
									I
Unrestricted		funds
Unrestricted	-General					882,316	52,620	(300,681)	634,255
Designated -		Quinquennial		aud
Audio/Visual						77,308		(e,sse)	70,752
Designated -		Parish Centre		Fund				401,993	401,993
						959,624	52,620	94,756	1,107,000
Restricted funds
Restricted - St Mary's			Re-ordering			119,404		(65,571)	53,833
Restricted - Parish Youth Work						158,485		(29,185)	129,300
Restricted - Childrens			Pastor Salary			11,250			11,250
						289,139		(94,756)	194,383
TOTALFUNDS						1,248,763	52,620		1,301,383
Comparative		net movement		in funds, included		in the above are as follows:
							Incoming	Resources	Movement
							resources	expended	in funds
								8
Unrestricted		funds
Unrestricted		-General					570,962	(518,342)	52,620
TOTAL FUNDS							570,962	(518,342)	52,620

					Net	Transfers
					movement	between	At
				At 1.1.22	in funds	funds	31.12.23
Unrestricted funds
Unrestricted	-General			882,316	(31,559)	(260,351)	590,406
Designated	- Quinquennial		and
Audio/Visual				77,308		(21,856)	55,452
Designated	- Parish Centre Fund					400,043	400,043
				959,624	(31,559)	117,836	1,045,901
Restricted	funds
Restricted -	StMary's	Re-ordering		119,404		(89,575)	29,829
Restricted -	Parish Youth Work			158,485		(29,185)	129,300
Restricted -	Childrens	Pastor Salary		11,250		924	12,174
				289,139		(117,836)	171,303
TOTAL FUNDS				1,248,763	(31,559)		1,217,204

are as follow	s:
		Incoming	Resources	Movement
		resources	expended	in funds f
Unrestricted	funds
Unrestricted	-General	976,755	(1,008,314)	(31,559)
TOTAL FUNDS		976,755	(1,008,314)	(31,559)

				2023	2022
		Unrestricted	Restricted	Total	Total
		funds	funds	funds	funds
		f
INCOMING RESOURCES FROM CHARITABLE ACTIVITIES
Voluntary income
Planned giving		189,710		189,710	188,015
Collection at services		19,552		19,552	16,122
Donations and appeals		73,330		73,330	74,242
Income tax recoverable		57,148		57,148	51,418
Grants		6,875		6,875	16,833
Legacies					1,000
		346,615		346,615	347,630
Activities for generating	funds
Room hire		17,520		17,520	20,012
Other		1,540		1,540
		19,060		19,060	20,012
Investment income
Interest received and Rental income		31,414		31,414	19,272
Charitable activities
Fees		2,959		2,959	9,429
Other income
Other income		5,745		5,745	9,527
Gain on sale ofheritage assets					165,092
		5,745		5,745	174,619
Total incoming resources		405,793		405,793	570,962
EXPENDITURE
Charitable activities
Missionary and charitable Ministry costs	giving	46,491 148,423		46,491 148,423	32,332 146,916
Church running expenses		74,148		74,148	72,670
Office salaries		102,642		102,642	124,009
Light and heat Maintenance, Security &	Repair	42,297 26,975		42,297 26,975	19,327 21,299
Carried forward		440,976		440,976	416,553

				2023	2022
		Unrestricted	Restricted	Total	Total
		funds	funds	funds	funds
			8	8
Charitable activities
Brought forward		440,976		440,976	416,553
Administration		11,4$2		11,482	10,028
Insurance		8,751		8,751	7,281
Obligations k,	subscriptions	1,840		1,840	2,117
StMary's Re-Ordering		24,004		24,004	78,817
		4$7,053		487,053	514,796
Support costs
Governance	costs
Accountancy	and legal fees	2&919		2,919	3,546
Total resources	expended	4$9,972		489,972	518,342
Net income/(expenditure)		(84,179)		(84,179)	52,620