## **THE PAROCHIAL CHURCH COUNCIL OF ST JOHN & ST MARY DEVIZES** 

**Annual Report and Financial Statements of the Parochial Church Council** 

for the year ended 31 December 2023 

## **Incumbent** 

Rev. J Poston 

**Bank** Lloyds Bank Market Place Devizes Wiltshire 

## **Independent Examiner** 

Mrs A M Cross FCCA The Alanbrookes Group Ltd T/A JS Weeks & Co 10 Market Place Devizes Wiltshire 



**INDEPENDENT EXAMINER’S REPORT** 

## **THE PAROCHIAL CHURCH COUNCIL OF ST JOHN & ST MARY, DEVIZES** 

This report on the accounts of the PCC for the year ended 31 December 2023, which are set out on pages 1 and 2, is in respect of an examination carried out under Regulation 3(3) of the Church Accounting Regulations 1997 and section 43 of the Charities Act 1993. 

## **Respective Responsibilities of Trustees and Examiner** 

As the members of the PCC you are responsible for the preparation of the accounts; you consider that the audit requirement of Regulation 3(3) of the Church Accounts Regulations 1997 and section 43(2) of the Charities Act 1993 (The Act) do not apply.  It is my responsibility to issue this report on those accounts in accordance with the terms of Regulation 25 of the Church Accounting Regulations 1997 and Regulation 7 of the Charities (Accounts and Reports) Regulations 1995. 

## **Basis of Independent Examiner’s Report** 

My examination was carried out in accordance with the General Directions given by the Charity Commissioners under section 43(7)(b) of the Act and to be found in the guidance from the CBF.  That examination includes a review of the accounting records kept by the PCC and a comparison of the accounts with those records.  It also includes considering any unusual items or disclosures in the accounts 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 accounts. 

## **Independent Examiner’s Statement** 

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

1. Which gives me reasonable cause to believe that in any material respect the requirements: 

   - (a)  to keep accounting records in accordance with section 41 of the Act; 

- (b)  to prepare financial statements, which accord with the accounting records and comply with 

- the requirements of the Act and the Regulations have not been met; or 

2. To which, in my opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached. 


Mrs A M Cross FCCA The Alanbrookes Group Ltd T/A JS Weeks & Co 10 Market Place Devizes Wiltshire SN10 1HT 

5 April 2024 



**THE PAROCHIAL CHURCH COUNCIL OF ST JOHN & ST MARY, DEVIZES** 

## **FINANCIAL STATEMENTS** 

**for the year ended 31 December 2023** 


**Page** 1 - 2 Statement of Financial Activities 3 Balance Sheet 4 - 6 Notes to the Financial Statements 



**1** 

**THE PAROCHIAL CHURCH COUNCIL OF ST JOHN & ST MARY, DEVIZES** 

## **STATEMENT OF FINANCIAL ACTIVITIES** 

## **for the year ended 31 December 2023** 

|||**Unrestricted**|**Restricted**|**Total**|**Funds**|
|---|---|---|---|---|---|
||**Note**|**Funds**|**Funds**|**2023**|**2022**|
|||**£**|**£**|**£**|**£**|
|**Incoming Resources**||||||
|Incoming Resources from Donors|2a|67,478|-|67,478|70,384|
|Other Voluntary Incoming Resources|2b|36,364|384,134|420,498|111,625|
|Income from Charitable||||||
|& Ancillary Trading|2c|19,887|10,448|30,335|23,788|
|Income from Investments|2d|-|219|219|89|
|||----------|----------|----------|----------|
|**Total Incoming Resources**||123,729|394,801|518,530|205,886|
|||======|======|======|======|
|**Resources Used**||||||
|Church Activities|3|168,777|372,151|540,928|209,575|
|||----------|----------|----------|----------|
|**Total Resources Used**||168,777|372,151|540,928|209,575|
|||======|======|======|======|
|**Net Incoming/(Outgoing) Resources**||(45,048)|<br>22,650|(22,398)|(3,689)|
|Proceeds on Realisation of Investments||15,000|-|15,000|10,000|
|Transfer Between Funds||33,678|(33,678)|-|-|
|**Gains and Losses on Investments**||||||
|- Unrealised decrease in value and profit on||||||
|Sale of Investments||(6,121)|<br>4,919|(1,202)|(22,882)|
|||----------|----------|----------|----------|
|**Net Movement in Funds**||(2,491)|<br>(6,109)|(8,600)|(16,571)|
|**Total Funds Brought Forward**||40,058|90,350|130,408|146,979|
|||----------|----------|----------|----------|
|**Total Funds Carried Forward**||37,567|84,241|121,808|130,408|
|||======|======|======|======|





**2** 

**THE PAROCHIAL CHURCH COUNCIL OF ST JOHN & ST MARY, DEVIZES** 

## **STATEMENT OF FINANCIAL ACTIVITIES – CONTINUED** 

## **for the year ended 31 December 2023** 

|||**Unrestricted**|**Restricted**|**Total**|**Funds**|
|---|---|---|---|---|---|
||**Note**|**Funds**|**Funds**|**2023**|**2022**|
|||**£**|**£**|**£**|**£**|
|**Total Funds Carried Forward**||||||
|**At 31 December 2023**||37,567|84,241|121,808|130,408|
|||**======**|**======**|**======**|**======**|
|**Represented by:-**||||||
|Unrestricted||||||
|General Funds||23,167|-|23,167|31,018|
|Designated Funds||||||
|Choir Fund||19|-|19|(130)|
|Devizes Municipal Charities||1,242|-|1,242|1,242|
|Faith in the Future||1,678|-|1,678|1,678|
|Omnes ad Unum||73|-|73|73|
|Opportunities for Prayer||38|-|38|38|
|Organ Fund||7,760|-|7,760|(180)|
|Parish Room Maintenance||182|-|182|788|
|Rectors Mission Fund||4,535|-|4,535|4,535|
|Living Churchyard SJB||955|-|955|1,363|
|Living Churchyard SMV||50|-|50|50|
|St Mary’s Maintenance||(1,853)|<br>-|(1,853)|(138)|
|Bells||(279)|<br>-|(279)|(279)|
|Restricted Funds||||||
|Bells Appeal||-|41,162|41,162|41,162|
|Choir Fund||-|267|267|267|
|Church Building Fund||-|26,102|26,102|26,102|
|Organ Fund||-|4,863|4,863|4,917|
|Quinquennial (Glanville)||-|20,387|20,387|20,387|
|Sound System||-|(6,918)|(6,918)|(6,918)|
|St Mary’s Organ||-|8,294|8,294|8,294|
|St Mary’s Maintenance||-|(12,317)|(12,317)|(6,262)|
|Sunday School||-|360|360|360|
|Way Ahead Fund||-|2,041|2,041|2,041|
|||--------|--------|--------|--------|
|||37,567|84,241|121,808|130,408|
|||=====|=====|=====|=====|





**3** 

**THE PAROCHIAL CHURCH COUNCIL OF ST JOHN & ST MARY, DEVIZES** 

## **BALANCE SHEET** 

||**for the year ended 31 December 2023**|**for the year ended 31 December 2023**||
|---|---|---|---|
|||**2023**|**2022**|
|**Assets**||||
|**Current and Deposit Bank Accounts**||||
|Lloyds Bank Current Account||3,167|10,786|
|CBF Deposit Account 3D||2,769|2,683|
|CBF Deposit Account 7D||4,285|4,152|
|**Investments at Market Value**||||
|CBF Investment Account|2J|67,512|73,632|
|CBF Investment Account|3J|44,075|39,155|
|||----------|----------|
|**Total Current Assets**||121,808|130,408|
|||======|======|
|**Represented By:-**||||
|Unrestricted Funds||23,167|31,018|
|Designated Funds||14,400|9,040|
|Restricted Funds||84,241|90,350|
|||----------|----------|
|||121,808|130,408|
|||======|======|



Approved by the Parochial Church Council on 5 April 2024 and signed on its behalf by 

........................................... ........................................... Chairman Treasurer 

The notes on pages 4 to 7 form part of these accounts. 



**4** 

**THE PAROCHIAL CHURCH COUNCIL OF ST JOHN & ST MARY, DEVIZES** 

## **NOTES TO THE FINANCIAL STATEMENTS** 

## **for the year ended 31 December 2023** 

## **1. Accounting Policies** 

The financial statements have been prepared in accordance with the Church Accounting Regulations 2006 together with applicable accounting standards and the Charities SORP. 

The financial statements have been prepared under the historical cost convention except for the valuation of investment assets, which are shown at market value. 

The accounts include all transactions, assets and liabilities for which the PCC is responsible in law. They do not include the accounts of church groups that own their main affiliation to another body nor those that are informal gatherings of Church members. 

## **Funds** 

General funds represent the funds of the PCC that are not subject to any restrictions regarding their use and are available for application on the general purposes of the PCC.  Some funds designated for a particular purpose by the PCC are restricted. 

## **Incoming Resources** 

## _**Voluntary income and capital resources**_ 

Collections are recognised when received by or on behalf of the PCC. Planned giving receivable under gift aid is recognised only when received. Income tax recoverable on gift aid donations is recognised when it becomes receivable. Grants and legacies to the PCC are accounted for as soon as the PCC is notified of its legal entitlement and the amount due. 

Funds raised by the fete, garden party and similar events are accounted for gross. 

## _**Other ordinary income**_ 

Interest is accounted for when receivable. 

Tax recoverable on such income is recognised in the same accounting year. 

## _**Gains and loss on investments**_ 

Realised gains or losses are recognised when investments are sold. Unrealised gains or losses are accounted for on revaluation of investments at 31 December. 



**5** 

**THE PAROCHIAL CHURCH COUNCIL OF ST JOHN & ST MARY, DEVIZES** 

## **NOTES TO THE FINANCIAL STATEMENTS (Continued)** 

## **for the year ended 31 December 2023** 

## **1. Accounting Policies (Continued)** 

## **Resources Used** 

## _**Grants**_ 

Grants and donations are accounted for when paid over, or when awarded, if that award creates a binding obligation on the PCC. 

## _**Activities directly relating to the work of the Church**_ 

The diocesan parish share is accounted for when payable. 

## **Fixed Assets** 

## _**Consecrated land and buildings and movable church furnishings**_ 

Consecrated and beneficed property is excluded from the accounts by s.96(2)(a) of the Charities Act 1993. 

No value is placed on movable church furnishings held by the churchwardens on special trust for the PCC and which require a faculty for disposal since the PCC considers this to be inalienable property.  All expenditure incurred during the year on consecrated or benefice buildings and movable church furnishings, whether maintenance or improvement, is written off as expenditure on the SOFA and separately disclosed. 

## _**Investments**_ 

Investments are valued at market value at 31 December. 



**6** 

**THE PAROCHIAL CHURCH COUNCIL OF ST JOHN & ST MARY, DEVIZES** 

## **NOTES TO THE FINANCIAL STATEMENTS (Continued)** 

## **for the year ended 31 December 2023** 

||**Unrestricted**|**Unrestricted**|**Restricted**|**Total**|**Funds**|
|---|---|---|---|---|---|
|||**Fund**|<br>**Fund**|**2023**|**2022**|
|||**£**|<br>**£**|**£**|**£**|
|**2.**|**Incoming Resources**|||||
||a. Incoming Resources from Donors|||||
||Planned Giving - Pledged Offerings|38,931|<br>-|38,931|40,858|
||Other Offerings|13,949|<br>-|13,949|12,027|
||Plate and Special Collections|6,229|<br>-|6,229|7,646|
||Income Tax Recoverable|8,369|<br>-|8,369|9,853|
|||----------|<br>----------|----------|----------|
|||67,478|<br>-|67,478|70,384|
|||----------|<br>----------|----------|----------|
||b. Other Voluntary Incoming Resources|||||
||Donations|6,434|<br>21,759|28,193|5,154|
||Grants:-  Recurring|16,500|<br>-|16,500|8,250|
||Other|13,430|<br>-|13,430|77,153|
||Legacies|-|<br>-|-|21,000|
||One Off Gifts|-|<br>-|-|68|
||St Mary’s Maintenance and Regeneration|-|<br>362,375|362,375|-|
|||----------|<br>----------|----------|----------|
|||36,364|<br>384,134|420,498|111,625|
|||----------|<br>----------|----------|----------|
||c. Income from Charitable and Ancillary Trading|||||
||Fund Raising|3,115|<br>-|3,115|445|
||Fees - Marriages and Funerals|9,271|<br>-|9,271|15,144|
||Church Hall Lettings|6,545|<br>-|6,545|4,475|
||Magazine Sales and Advertising|570|<br>-|570|324|
||Rent form Land and Buildings|386|<br>-|386|-|
||Insurance Claims|-|<br>-|-|339|
||St Mary’s Contribution to Expenses|-|<br>10,448|10,448|3,061|
|||----------|<br>----------|----------|----------|
|||19,887|<br>10,448|30,335|23,788|
|||----------|<br>----------|----------|----------|
||d.  Income from Investments|||||
||Deposit Interest|-|<br>219|219|89|
|||----------|<br>----------|----------|----------|
||**Total Incoming Resources**|123,729|<br>394,801|518,530|205,886|
|||======|<br>======|======|======|





**7** 

## **THE PAROCHIAL CHURCH COUNCIL OF ST JOHN & ST MARY, DEVIZES NOTES TO THE FINANCIAL STATEMENTS (Continued) for the year ended 31 December 2023** 

|||**Unrestricted**|**Restricted**|**Total**|**Funds**|
|---|---|---|---|---|---|
|||**Funds**|**Funds**|**2023**|**2022**|
|**3.**|**Resources Used**|**£**|**£**|**£**|**£**|
||Activities Directly Relating to the Work of the Church|||||
||**_General_**|||||
||Parish Share|91,327|-|91,327|87,954|
||Mission and Grants|-|-|-|2,166|
||Fundraising Costs|258||258|514|
||Clergy Expenses|1,009|-|1,009|684|
||Upkeep of Services|3,267|-|3,267|6,413|
||Assistant Staff Costs|75|-|75|687|
||Church Yard|747|-|747|966|
||Organ/Piano Repairs and Storage|14,412|-|14,412|1,920|
||Bank Charges|223|-|223|290|
||Education|261|-|261|506|
||**_Church Expenses_**|||||
||Insurance|4,917|3,143|8,060|7,741|
||Light and Heat|6,923|1,698|8,621|4,563|
||Repairs and Maintenance|9,083|-|9,083|9,227|
||Choir and Organist Pay|6,152|-|6,152|9,332|
||Salaries|10,004|-|10,004|10,226|
||**Support Costs**|||||
||Administration Costs|11,050|-|11,050|6,541|
||**Hall Running Costs**|||||
||Light and Heat|3,836|-|3,836|1,903|
||Insurance|736|-|736|815|
||Repairs and Maintenance|968|-|968|384|
||Cleaning and Sundries|3,529|-|3,529|3,461|
||**Other**|||||
||St Mary’s Maintenance and Regeneration|-|367,310|367,310|53,282|
|||----------|----------|----------|----------|
|||168,777|372,151|540,928|209,575|
|||======|======|======|======|