Rogislgrgd Charfty Mo: 1134035 ALL SAINTS HERTFORD PCC (THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF ALL SAINTS WITH ST JOHN, HERTFORD) FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023
ALL SAINTS HERTFORD PCC R•glstornd ChaTIty No: 1134035 LEGAL AND ADMINISTRATIVE INFORMATION FOR THE YEAR ENDED 31 DECEMBER 2023 Trusts. Re¥ereThJ CarKffj Jo LoverKWhair (to 31 October 20231 Ar&lre4¥ Belfiekj (Chairfrom 1 November 20231 Brd Janet Bwd Helen Briggs Nerine chmerS (app)inted 17 May 20231 Linda [e {appoinled 23 April 20231 sa me8n {rewgned 23 Aw'l 20231 MaTbn Penny Mary Penny Poveyth¥d•1Trsyi•d 15 MaY¢h 20231 Vty Tranter 8•cretary: Bnk. National Westmknsler Ball( plc 13 Stonehills, Wewn Garden Clty, Hertfordshire AL8 6ND Ind•p•nd•nt Examlnor. Jixe &aindspring
ALL SAINTS HERTFORD PCC TRUSTEES, REPORT FOR THE YEAR ENDED 31 DECEMBER 2023 R•gl¥tsrod Charity No: 1134036 The Trustees are pleased to subm1tthe1rann rewtarKI financ4al statementsforth8 yearend8d 31 December 2023 Legal and administrative irrformation set out on page 1 forms a part of this report. The financial statements comply with current ststutory requiremeftts and are prepared a cash receiFts and payments basi5. Objects and po15Gy The obje¢live arKI re4)onsibiSity of Atl Saints HerNtyd PCC is to promote T01• mission of the Church of England in Hertford. induding in partUlar. Seekin910 make n•¥ diwples of Jesus Cfirt Reaching more Into the thal communty: and Deepenlng our faith. Oryanlsa The members of the PCC are elected for threfryear temis by those per8ry vhv)se names appear on the elèctoral roll, vthich is revised annualty, and is open to everyone Is a member of the Church of England 8nd liveg in the pSh or vtho regularty worships 01 All Saints. The PCC is Chaired by the incumbent or Lay Chair 8nt1 is le(J by of rts members. Janet Bird and Verity Tranter who were elected as Churchwardens. The parfsh also sends elected representatNes to the Deanery Synod, whth is the n1 level ofchurch govemment. The PCC 18 responsible lor.. Seth'ng the w8)n and strategy for the Chaiity. Malntalnlng the 18bric of the AU S•ints churth buihjing and of the nLyghbourtng St. John'$ Hall. The finances of thè church, IncludiTrJ th• rniwng of fvnds to support tho activiti•s of Al Saints and to provide the charitable conth'bution to the Dse of St. Albans vlthich 18 eg8entlal to flnance the tralnin9. stipends, housing and pen8ions of the ordained ministry awss the diocese. Maintsinmw the regular wornhip of All Saints. incI1n9 church servicts and Mlc. subject lo the guidance of the min team,. and Social arKI tharitable activrties. which are d&sned both to str•ngltrn the wnmunty Spirit ofAII Saints 8nd to reach lo our neighbtyjrn in the YJer communty of Hertfryd in the Yr1d in genoral. Implementing the poli¢*¥ of the Ho ol Blshopj r•laling to Iho safvguardlng of children and vulnerable aduhs. Our incumbent. Rev'd Canon Jo Loveridge tired on 31 October 2023 after 16 years in post and the proces$ fcrf appointing a new vicar 1$ in wocess.. Since O¢toberchur¢h services have been led by our Lay Reader Janel Bird wrth Support from visiting clergy.
ALL SAINTS HERTFORD PCC TRUSTEES, REPORT continued... FOR THE YEAR ENDED 31 DECEMBER 2023 Reg•tsrod Chartty No: 1134035 How our aclovlllos doliv•r public nfit In Common wrth the Church of England in general. ¥ believe that our church exists for the benefft of all who wish to take advantagè of rt can offer, both in spirittjal tern and in all other respects. Those benefft5 are offered wrthoul restrictions or condibons and. altrwh we aws WOMe contr"twlion5 to our finances. such benefits are ¥Mth fth¥ excepti¢)ns offered free of¢ha. We therefore seek to be oUtsl(l-knng and inclusive in all that w do. At the heart of our xtivrti'e$ are the beneffts offered by the pasloral mL8sion of the Church, in which we are involved in our own local area. These beneffts of course include spiritual support in the great landmark events of lifo, such as baptisms, nMiatiOns. weddings, and funeral$. However. they extend much more widely than this, and include supw for the sick and elderty and others in speaal need, and the spiritual and social beneffts of regular or (a8n81 attendarKe at church services. Gfoupgd arouNJ this core activity of nyssion are ottr acti5 whth deliver public benefit In a variety of drffefent way8. More detai15 can be tsjnd in the next followng 5ecb.on of this Report. trwjt the range of such a¢tTh1rts ¢an be summanse<J a8 including in pa¢v18r musical actMb"•s, actNilies and activities directed at partkular groups, Such as chlldren and young families. all of v•hkh are open to al. Our r•gul•r actlvitl•• We have revgrtgd lo our pre-pandemlc cyd• of 8gNc8s. Wo cd8brat0d Hdy Communlon ot 8.00 am on an occa$i¢nal basis, and al 11.00 am M TIr$daYS. On Sundays at 10.00 am, we hehl an'AII the Family S8rvlce' on the first Sunday of the month, a Family Eu¢harisl on the third Sunday, and Par18h Communion on the remaining Sundays. The Famity S8ThtKe has often been led by our your4J people. Our Sunday evening Serv at 6.30 pm w88 a Choral cmUn on the firnt Sunday IOT a seasonal Carol Servi) and Choral Evenvjng aco)r¢ling to the Book of ComrrK)n Prny•r on the 8Kond and fourth Sunday8. We have reintrcduced, on the third SLtnday evening, a seNi¢e of Choral coMlne. We Continue ourekty 8ervi¢•s al Bentley House, a k)cal carn horn•. vthich nu4V ministors regularly to around 15 eklerfy residents vId rwt other¥Mse atterKI church. All Salnts has a very stror¥J musi4 tradrtw. arKI have a Choir of young peopK• and adult8, which is open to anyone wishing to make a regular commrtment to le¥din9 the congregation in singing at servi¢es. and to lam about the rth variety of sacred music. We belie¥e thal the musi1 training involved has strong education81 benefits, and many of our fomr ch)ir memr$ have gone on to aCe success both in music and in olhor walks of Irf•. Our Director of frAu8ic. Martin Penny arKI the Assistsnt Director of Music play the church's fine 'Falher Willis. organ. and al80 have a adld role in enCr091n9 the young and enthusiasbc atmosphere of our Choir. Another activity Yor All Saints ¥11 knwi in the tovm is our regular senes of -Soun¢Jbrtes' concerts on Wednesday luncmimes, cater fc all ages, but mainty rets.red people. and are freè of charge. although donations are encouraged. These concerts are of a high standard. and often leare promisiny young prole85ional rnusiaans areiust slathng theircareers. They are also hhjhty popular. and some ofthe regular attenders comment on how frierKIty and vRkoming they a. and how they a a great y)cial $eThice to the ttr•vn, as well as a musical one. We have very good relationships with our local schods v7th regular visits. haryest and carol Services are very popular and well attended. We also value highty the social and other aclivities connected with the church. Many special gTOUPS exisl in the Church, for a vafiety of puwes. and aMho(tgh they are largely attend¢d by mgmbers ofth8 church community, they are OP to all7th(WJt distinction. In addition the church is a venue for a number of outsth music organisatrons. induding regular concerts by Herts Choral Swety the Ptwnix Bi9 Band. We ab50 the hosts for the Hertfordshire MUSK Fe8tsval.
ALL SAINTS HERTFORD PCC TRUSTEES, REPORT continued... FOR THE YEAR ENDED 31 DECEMBER 123 R•gktsY•d Charity No: 113403$ Apart from the activrbes already mentioned above. have a Flower Club which both arranges flowers in the church building. including for Iading$, and organises occasional sperAal events. an Art Group which has held number of exhibitions, a Work Party to undertake esseftbal maintenance tasks and an active group of bellringers, which we share Sl. Andrthvs Church. Our Mothers Union bran¢h dosed in January but our members are joining the Dbce8an Motherfs Union. We have signed up to Eco Church bn oth to exine Impro our environmental iryact as a church and church hall. In addition, we have conty.nued our series of Green Talks on topics such ay %%oter and waterways, birds. and trees, open to everyone in the communty on a Saturday, lunches available 30 that peopl• can meet bthrehand and have disCussn8 about these and other issue. R•vl8w of 2023 The financial p)8rtion s•t in mor d8lail in the foll"n9 sectitin$ of this rew1. During the year our operatjng dit Wa8 £18.574, reduced fmm 2022 largely to the good finandal resu of Sl John's Hall ar some relief from the very high utihty costs in that year. We were able lo make infvll ¢)ur requested c1w1 contrlbuts.on of£76,752 to the Dioce ofSL Alban8 which effectivety pays for the costs of the Ministy, as V•ll as supw)rting the Bishop's Harvest Appeal. Other charities have beneffted from u$ beMI9 open for part of the year to occasional ser¥i¢e$, in partE'cular funerals and weddings. We repaired the wlrKIow8 damaged by vandalism in 2022. the $t ofthich was cered by in8urance. Wo ar• now seeking lo Instsll CCTV arouThJ tho building to enhance 8eoJrity, with the encouragement of our underwriters. We have ai80 suffered from intermittent kn'ler failure and have hèd to spend nearly È3,000 on repairs. Wth one of the t%) bollers pemanenty ou¢ of aCtn we are at Ttsk of suddenly having healing in our large trMJilding. Great woth ks done by our Work Party wtruch saves us employing contractors at significant cost. Flnanclal PIllon The Independenty examine(l attounts ol the PCC are altsched to th1¥ report and fijll detslls of th¢ financial PO8rtion are contained therein together vAth the examinerfs reptht to the Trustees. DLwing 2023 we utilized £22,000 from our associatod Memorial Fund to finance operalborr4. Thi$ wa$ th• first YearV needed to rwue81 lunds from thi8 Source to keep the church gc¥ng'. hrhbtver, a recent large acy has transfomd the financial position, and we now have the Memorial Fund 8tsnding at £339.000. the incorrn from which is available to our opgring fvnds. In additN)n, we can rM)w plan hryw best lo enharKe our miss)n and outreac and to undertake number of projects in the buikling and at Sl John's Hall, is used extensNely by tommunty groups. We are asset rich and income prx)r, but we ha acrns5 to cash and a wofitable hall vriih developable land behind, on which there is an ongoing prqect to create income and value by builduig a few houses. We have a large church whkh is eXPenve to run with the present cost of utilths. The legy has given us an opportunty to consbder hcN4 best to replace ¢)ur currenL lelble heatiry $ystgm and lo install CCTV. Our thallenge 1$ lo grow our gUlar ¢LYnmrtted membership. creale inrne fiows an¢J to grow younger in line th 1rrent Diocesan inibative8 i)Jr general reserves at 31 December 2023 were £16,470 and we are looking at holding OLf deficit to 2023 vel$ (Je$pite the challenges of cost inflatKJn and reduced gUlar gNing. The trustees of the Memorial Fund have irKlic*e(l that the fund wll contribu to the general reser¥es rf reSsary, as il in 2023, to ensure that the church has adequate ffinarrial reseryes. The PCC trustees a satssfied that the charity's overall fimding 1$ such that btwll be able to meet its oblvJthons theYfall due in the ordinary urse and aCrdinglY the accounts have been drawn up on 8 gn9 cOrM baws u$ThJ the rep1S and payments convenlitin.
ALL SAINTS HERTFORD PCC TRUSTEES, REPORT continued... FOR THE YEAR ENDED 31 DECEAIBER 2023 Rotsrnd Ch•rity No: 1134035 R•s•rvu pollcy arKI manag•m•nt Donation8 and grants that are prowded for ¥ecific purpo8e$ are treated as Restiicted Fund$. Atl other resetves are held in Unrestrlcted fiJnd8. some of have been dgnated for speu.al purKtr)8e8. The Trustefrs confirm that d$ks are re¥lehd on an ong<%ng basis arKI systems and procedures are brought into place to manage risks. R•crulkn•nt •nd trninity pofw for nTntst••# Twstees are elected at the Annual P1?1 Church meer& cr arè ctropted by the Trustees. The per8on8 entiued to vote at the APCM in order to elect the Tst are those ort the Electoral Roll of All Saints Church, Herttord. Training of trustees tskes the fomi of indmdual bneffing$ and copies of the gUaftce for Iruslees issued by the Charlties Commlss6on as ell as tralnlng $essth$ wth the Diocese covering trustees duts'es and safeguarding. Ind•pgnd•nt Examln•r Alixe Bainbridgfrspring has been appointed as Independenl EXIner to the Charity. 8tatsment ol dl•cloBurn of InfOnOn to tM Ind•p•ndrt Examln•r Wo, tho trust hdd office at the dats of approval of these Financial Statements. as set out above, each confimi so lar as wè are aware, that: there is relevant informthn of vthi¢h Ihe chanty's kndependent examiner18 unaware". and W have taken all the steps that we ought to have taken as tfustee5 in lo make ourselves aware ol any rolevant infomialion and lo estsblish that the charty's Itpendent examiner is awar• of Ihgt infomialfv?n. By order of Ihe trustees M•ry Penny S•¢rntsry 27th March 2024
ALL SAINTS HERTFORD PCC INDEPENDEKf EXAMINER'S REPORT TO THE TRUSTEES OF ALL SAipifs HERTFORD PCC FOR THE YEAR ENDED 31 DECEMBER 2ff23 14. rnwlrofj U)i¥ year 144 olts Chrfth• 2011 (tr 4• •xJ tlwt lThJ•pend•nt It18 my ty kn". 14515)Ib) oftr* ctrm •X8minatlon Includ•8 a revi Of account¥ig r¢oJds th• and • r4>Mpw") oflh• ntI l• F•brwy 2024
ALL SAINTS HERTFORD PCC STATEMEKf OF FINANCIAL ACTivrriES FOR THE YEAR ENDED 31 DECEMBER 2023 R•gi¥tsred Charity No: 1134035 Total 2023 Totsl 2022 Funds Incomlng r•8ourco8 Vduntary inw 61.126 51.125 19,831 71.925 75,469 84,632 Inve$tnxnl Inco 3.753 1,016 Olhar incom• 13.862 13,862 2,063 Total SncomlNJ To#ourc•• 140.665 144.812 107.S42 Charrtable activrties.. Grants and donats.ons 4.025 82.991 83,147 Church $0,813 3,815 628 49,482 Adminlstration aThJ bank c N•t Incomlng r•Mrn b•fr•rn trarAf•rn 326 (3.8931 {67) (30.12n Gross transfers fiJKIs Net Mo¥Trt In funds 3128 13.693) 1671 130,12n R•con¢lll•llon Total fvnd$ at 1 January 2023 13.1)44 49.295 62,339 Totsl funds at 31 Dgc•mb•r 2023 1V70 62,272 62,339 The notes on pages 10 to 15 f(vm wt cTr.
ALL SAINTS HERTFORD PCC Rogister•d Clmrlty Fk>:1134035 BALANCE SHEEr AS A T 31 DECEMBER 2023 2023 2022 Flxod amets Tangible fixed ass•ts Current amots Cash Cash al bank Diocesan Specwl DepositkniLW 61.570 $02 61,856 483 62372 82,339 Not 0••ots 62372 62,339 Fund• Rethcted funds 45,602 49,295 Unrnstrlct•d fund•'. Designated funds G•neral fund 16,670 13,044 £62,272 £82,339 Approved by th• tn15 on: 27th PAuch 2024 and fjlgnod on thèlr behalt by Blrd note8 on pages 9 to 15 fomi part o11h *A)urts.
ALL SAINTS HERTFORD PCC NOTES TO THE AccouKrs FOR THE YEAR ENDED 31 DECEMBER 2023 Reglstw•d Charity Mo: 1134035 Tru8t4•8' rnsprmlbllli Charity law requires the tnjstees to prepare financial ststements for each finanaal year, which give a true and fair view of the stste of of chanty and of the incoming re$our¢es and application of resources, induding the income and expenditure, of the dwity fr)rthe year. In preparing these financial statements. the trustees a required to.. select suitable accounting poliCS and then appty them conwstenty. • make judgments and estimates that are reasonable and prudent. • state ¥ther applicable UK Accounting Standards havè been folbd. subject to any material departures disdosed and explained in the finan01 stafrnts. prepare the financial statements on the going conrn ba$ Ltnl8ss 1$ Miapproyiate to presume that the charty ill corthnue in opwabon. The trustees are responsib for keeping prop8f aCcting reco that dlsclose wlh reasonable accuracy al any tsme the financial poSitn of the ¢hanty and enable them to ensure that the financk41 statements compty th the regulatsons applrable to Smaller Chanties preparing their accoLtnts on ¢a8h feceipts and payments basis. They are also r¢spon$ibie safeguardiNJ th& a88ets of the charty and hence fortsking reasonable steps for the prevention and detecb'on of fraud and other irregularits'es. A¢¢ountlng polkl•s AKountlng ¢onv•nOon •rKI 8tandardB The financial slatements have been weparèd recapts and payments ¢(ventiOn. 8a¥l• of pT•parats)n The Chanty rel8 on volunt d•t3 frryn gNers. CdlectiJ at ChUh Services and fvnd. raing rtes. The Gerwal reserves Tre tAMte<l by £22,CW from an assLwted Memofial Fund, the first Ilme have need&J supm from this source. in the past has been used for capltal projects. The fund presenty sta)ds at £339,000 aNI th? truste•s have ièt•d that the fvnd Can respond if fvrther are r¢qLWted to repknish the church's general reserves. The trustees are $atisfied that the charity's overall fijnding such that rt will be able to meet rt8 tsbh'gat)n3 a¥ they fo11 due in the ordinary cour80 and accordingty the COUnts ha¥0 b9w) dra•m on a going nrn ba¥1$ us9 Ihg receipts and paynnts conVentn. 22 22 Flxturn•, •qulKffi•nt Flxtum, frttings, and equipffwttare eeal8 overthw'r usefvl k)M1rfe ofthree years on a stralghl. Ilne b¥. Th8r• were none at 31 Decwnb8r 2023 (2¢)22". nc). 2A RMoutrA8 expondod Expenses have been classrfled under headings thal aggregate all costs rei8te(I tothe category. Where costs cannot be directly attrtjuted to headings. they have been allocated to ackn'vts'es on a basis consistent 7hryth use of the re*ource•.
ALL SAIKfs HERTFORD PCC Roglstwwl Charlty Mo: 1134035 NOTES TO THE ACcOUPs FOR THE YEAR ENDED 31 DECEMBER 2022 Charitable acb'v'eS are those costs in¢)Jrred directty in support of eyndrture on the objects of the Charity. Govemance costs are those in¢)Jrred in nneCtIOn wrth administration of the chanty and compliance con$tibJtional and stsluw requirements. InmIng rn8our¢•s l incoming Tesources are ifKluded in the stthne of Finan¢¥al 1£tmt ISOFAI received and the charity is legalty entitled to the income. Taxation The charty N exemptfrom tax its inc(Th aThJ gavi$to th8 extentthal wK£Yne gain$ arn 4)ph'cable to arKI are applied for thartst w)Se3 ryty. Inveslmont Incom• Income from investrrnnts Is ildelI in the StatenI of finan¢lal ti¥e$ in the year in sthich rt i# receNed. Glfts In klnd ere serwces are Provided to the chanty as a donation that vId normalty be purchased from our suppliers. this Cntbtitin 1$ ndth1ed m Ihe f#)aroal Statements at an e8b.mate based on the value of the contn"bution to the charity. Fund aeeountlng General fvndj are unrestricted fvnd$ vthkh a avallable for use al the d18crellon of the tru8tee8 Sn furtherance of tho general obiecb.ves of the tharity and vthich have not been designated for othgr purposes. Restn'cted funds are fvnd$ are to be used in accordance with specific restrictions imposed by donors or vthich have been raised ty tharty for pathlar purp¢)se8. From lime totimè, thotru8te•s de8lgnate Mon fora partthar use and transfer fvnd$ from the General Fund lo other Funds. Volwtsry Inco 2023 Total 2022 st John's Hall 21Y22 Concerts Fundrailing 8,264 10,652 10.209 10.8S2 10.209 8,499 11,332 29.125 29,125 19,831 GrantB Memorial Fund Glfts In klnd Totsl voluntary irthmè 51,125 $1,125 19,831 10-
ALL SAINTS HERTFORD PCC R¢31¢d Charfty No: 1134035 NOTES TO THE AcCourS FOR THE YEAR ENDED 31 DECEMBER 2023 2022 Total fur Total Planned gNwig DonatN)ns Income tsx re¢l8imed Grants Bapts"sms, wedth"ngs. and fvnerals cdleth.ons for missions and chanl 41.963 7.627 13.751 41,%3 11,171 13,751 43,713 12,122 13,730 4,529 7,653 2,885 6,370 2.214 6,370 2,214 71,925 75069 84,832 lnvgBlmrt IrKomo 2023 2022 4,356 1,018 Oth•r Inc¢)m• 2023 2022 Cull beguegt Hall net lettings 11
ALL SAINTS HERTFORD PCC NOTES TO THE AccouKrs FOR THE YEAR ENDED 31 DECEAIBER 2023 RegiJteTrd Charity No: 1134035 2023 2022 stAlbans Board of FInae Teaching awards Music grants &'shop's Hafvest AFval Isabel Hosp Royal Bth"$h L&JK¥) Orth'nands Fund Disasters Emergency Commbttee TUW aFfe The Childrens Swety Tvenda Educa1 Zamba Fr)d5 ofAsthwo UK Christk4n Ajd Red Cross Royal Nav81 A88'n Ber40kn Fund The Not Forgotten Ass'n Essex & Hèrts "rAmtrA Bnb'sh Heart Foundation ALFS Ukrain• Herts CortrIlary thre FuThJ Fire FKJht•rn Charty 76.752 2.325 1,700 281 630 463 453 11S 106 166 77,112 2,025 1,125 158 137 163 158 20 1,148 100 23 23 221 262 266 103 103 12-
ALL SAINTS HERTFORD PCC RoWr•d Charity No: 1134035 NOTES TO THE AccouKrs FOR THE YEAR ENDED 31 DECEMBER 2023 Church S•NIt88 2023 2022 19,777 4435 7.419 10.160 16.106 112.6951 11.185 12.503 3,210 6,954 7,548 5,699 Electn"cty and ter Insurance Ckaniro, copyÉng and other Repairs and mainten Insurance recovery Music Organ tunr Defibrillator Peregrine rrKJnrtorfThJ system Energy Audlt 11,888 1,072 103 423 74 M¢>v•monts In ffd• At 1 J•nu•ry Incomlng Outgolng 2023 mOUT¢•• rn•oure At 31 Dgeèmb•r frnnBf•rn 2023 R•8lrf¢t•dld•slgnat•d fund• Peregrne Falwis Vlebcam Fund 8ells Fund Fabrlc Fund Music Devel¢Jpmenl Furrtl Choir Legacy Fund Organ Fund Defibrillator Fund Energy Audit Fund 77 4,286 11.286 77 4,280 10.721 3.418 10.985 9,989 126 15,691 349 217 572 (16,256) 13.875) (3,000) 16,768 6.417 201 31 3,000 (751 14 Total restri¢tsd bJnd• 49.295 16,843 120.536) 45.602 Unro•trl¢tod fvnd• General Fund 13.044 140,665 1137,039 16,670 62,339 157.508 I16775) {01 62,272 13-
ALL SAINTS HERTFORD PCC NOTES TO THE AcCourS FOR THE YEAR ENDED 31 DECEMBER 2023 Reg18 Charity No: 1134035 10 The Trustees receNed rKI reiMbJrsenrt of exFenses dLrring lthe year for their SerVS as trlees. The Vie4r receeS reimbUrseMt of vK)rlu"rvJ exFa)ses inojned in this rc4e. 2023 2022 No: There viere rio empbyees dng the le(j and therefo Ire we no stsff empbyed vkno eam th £60,CLIO per llum 11 Durfng the year. the Trustets n•ther I¢Ad nOrwap any ern0rn for thdr servlces as trustees (2021 N1. Parish AdMIntratOr. is also a tru8tee, receives a small honorarium for Serv89 in that DY•ctor of MUSK. also a Injstee. reLeNes fees 8eNtts in that rc4e. 14-