ALL SAINTS. PARISH CHURCH STREETLY TRUSTEES ANNUAL REPORT AND ACCOUNTS 2023 Charity Number 1134127 A charty registered in England and Wales number 1134127
Page 1 ALL SAINTS. PARISH CHURCH. STREETLY Trustees Annual Report for the year ended 31 Decembor 2023 Reference and Administrotlon Details All Saints, Streetty is situated in Foley Roaj East. Streetty, Suiton CobJfield, B74 3JL. It 15 part of the Dese of Lichfield within the Church of ErwJland. It ts gistered with the Charity Commission under Charity Number 1134127. PAembers of the PCC. Members of the PCC are either ex officio or decled by the Annual Parochial Church Meeting {APCMI. PCC members who have served from 1 January 2023 unknl 31st December 2023 are.. In¢umbent.' Dèputy Chalr.. Revd Manty Waker {Chairman) Pat Lawrence Wardens.. Chris Payne Pal Lawren Treasurer.. Ann Fox PCC Secretary Mike Payne Elected PCC Memb•rs ." Chris Payne Pal Lawrence Ann Fox Tish Jennings Alan Finch Anne Payne Roy Lawren¢e CraKJ Partridge YvonrE Calryirou Mike Payne Kathy HLheS Jeremy Smith Steve Wallace MKhelle LLKas ITO APCM May 2023) (From APCM May 20231 (From APCM May 20231 (From APCM May 2023} Representativés on the D•an•ry Synod." rish Jennings Alan Myatt Roy Lawrence (To APCM May 20231 {From APCfv1 May 20231 Lay readers Aan Myatt Pam Simms Pam Rainsford CTroptèd AleMbe." Neil Crabb Jennie Handy John Carter IFrom July 20231 (From July 2023) (To APCM May 20231 Stewardship secretary ' All people listed are voling Imstees A charity Wi51ered in ENJand and wa n[tse[ 1134127
Page 2 ALL SAltrllS' PARISH CHURCH, STREETLY Trust¢es Annual Report for the year ended 31 December 2023 (continued) Structure. goYernanGe and management The charity is consliluled under the Church RepreSentatn Ru$ 2 January 1957. 11 15 govemed by the Parochial Church Cwnol Po*Ers Measure11956} as amended and Church Representation Rules 2 January 1957. oiri¢ers of the PCC.. Mike Payne Ann Fox ChrB Payne Pal Labwence IPCC Secretary) (Tfeasurerl (Warden) (Warden) Bankers.. Co-operative Bank Lh)yds Bank Investment Alanager Canaccord Genuity IFom)erty Hargrea¥e Halel Independent Ex•min•r." Edwards Chartered Accountants The method of appointment of PCC members is sel out in the Church RepresentatKsn Rules. All church attendee5 a enuraged lo register on the Electoral Roll and stand for election to the PCC. Public Benellt Stat•menl The Iruslees of the Charity are aware of the Charity Commissh)n's guidance on public benefit in The Advancement of Religion for the Ptsb1 Benefit and have had regard to il in Iheir administration of the Charity. The Irvstees believe that. by promoting the IVO of the Church of England In the Ecclesiastical Parish of Slreedy they hel) lo promote the whok mission of the Church Ipasloral. evangelistic, social and ecumenKall more effeclively, within Ihe E¢cS[aStiCal Parish. and that doing so provides a benefit lo the publ by. Providing facilities for public worship, pastoral care and spirrtual, mofal and intellectual development. both for ils members and for anyone w5hes lo benefit from wh81 the Church offets" and Promoting Christian values and servKe by members of the Church in and to their communities. to the benefit of indNiduals and society as a Responsibilllles of the Parochial Church COU11 Safeguardlng The PCC believe they have fulfilled their duty under seCn 5 of the Safeguarding and Clergy Discipline Measure 2018 (duty to have due regard to House of Bishops. guidan on safeguarding children and vulnerable adults). Flnon¢ial poslllon The Charities Act requires the Parochial Church Coun¢il lo prepare financ1 statements lor each financial year which give a true and fair view of the stale of affairs of the Charity as al the balance sheet dale and of its incoming resources and applicats.on of resourGe5 for the year then ended. A charity reglster8d in England and wa number 1134127
P•99 3 ALL SAINTS. PARISH CHURCH. STREETLY Tru$t•¢s Annual Roport forth• year d 31 DeCemr 2023 Icontinugd Fin$nei•lposlllon (coTr¢) In prèparing these financial statements. whth gmve a true and [3r yw. Ihe PCC should IlOW besl practice, select suitable a¢Untr.ng pots and apply them c¢>nsistently, making judgements and esb"mates that are reasonat4e and prudent swè whether applicable accounling stand8rds and stslerrenls of recommended practice have txen folbwed subject tts any material depariures dis¢losed and exrAawd in the finanual statements and prepare the finanryal statements ba%$ unl8SS it is inaptyopriate lo presume Ihal the chanty wil continue to operale. The Parochial Church Covncl is iesrJnsitrAè for keep¥ig Fw)èr accountirg rgcords which disclose wlh aSonable acGuracy al any brne thè hnanoal posikn of the Charty and to 8nable rt to ensure that the financiaj ststwn¢nts compy the Charibes A¢t 1993 and the Church AccountirwJ ReguLAts"ons 26 and Is also responsib lor safeguardM19 Ihe assets of the Charity ano hence for loknng SOnable steps for the prevention and detection of Iraud and other ie9vIar111es. Ind•p•nd•ntExamln•r Ethwaids charte Accountanis. ChalrofPCC- Annu•l R•port Objecllv•s and Ktfvftl•s The PCC is committed to ènablin9 as many ofthe c(MnnMJnty to know. Im and worship God. The PCC maintains an oveNiew ofwor5hip and has estsbh5hed a Worship ¢knJp whth makes rec0mmenda.0nS on our 5eNices and hrrw we mwtwekome others who INe within our paiish. Ow worship puts faith into practy"cÈ through 5Kayer. bibla ceading arKI téaching. music and receivir4J Ihe sacraments. We sèÈk to lollcmf Jesus, exampk. by lowng. canng and wkOmi al with whCn we moet, responding to IK)th the needs ol those who attend and the wthr cornmunity. Mission $tat•ment I Saints Churth 1$ ¢ald to be a lomng. catsng, WeThrJ cwmunity of farth folbffi.ng Jesus, eXaffle. To Spond ar te awars of am m the Church and WKler cortNnunity wrth encouragement, care, support, love and toleran To be invVe[l s•tkn"ng to meet th¢ neecss of Stre¢ly COnUnIty. Worshlp and Pray•r All Saints. is an Angli P8Nh Churth. ihat 15 rnlt a buthjww tJt 8 boty of Feople. who seek to follow Jèsus Christ In thew daity Iwes. leaming. pwrMJ. worshiFrfng. ar¥J serving the comrnunty ol Streeuy 8nd th• Wer worfd. In 2022- 2023 the PCC offered OPFyJfvnitss io God daity onlne at Mom1 and Evening Prayer. one In church service on Sunday wnommg INe streamed (including a tnonthly baptism) a mid-week in d)wch Eucharist. FAUS evening servres 8 month In addthn, we offered Messy Chuich strvtss, a Pet seryice )d adthb.onal lestyval Serv5. Occasional Offic ol Baptism. Weddings and Funerals and Ser¥eS for sFeofE groups in the c(rfMiunity e.9 Mothet'$ Union and SchtyJ$. Church attend4n¢• The 176 parishioners on thts ekn¢ttyal An average weekly attendane•, comw in seNces 15 62. A l(M) peoF watth weekly onlinè at Morning and Evening Prayer seNKes. this is nlar lo lasi year. New pèople have conmued io attend both Onl and in p¢rson services. The All Sawb15 FaCe10k group membership is 530 people. wth 1 1K members oflhe open F8c£book page ol All Sats Path Church. Saints orfino wesence has itYJeased In 2023. Aehaity rewertrj ui Effjlafvj W* nuNthr 1134127
Page 4 ALL SAINTS. PARISH CHURCH, STREEfLY Trustees Annual Report for the year ended 31 December 2023 (continued) Chalr of PCC- Annual Report continued Significantly people attending church are acbvety growing in their faith, Ining in opportunities lo learn in Bible study grpS and aclivety setve the community. The full PCC mel 7 limes duriry the year. The Annual General MeetiNJ was held in church on 22 May 2023. We have a great deal to be thankfvl to Gtsj for tn 2023. For Ihe ministy of many who have worked as faithful tnesseS in the community. We thank God for aulhori5ed leaders. employed stsff and the laity. For Matthew Barker-WcKKY our Director of Music. for Sue Lloyd. Pre-school Worker. for Brian Yales. Caretaker and for Debbie AggetL our Parish Administrator, who joined the staff in Juty 2023. For Lay Reade, Pam Rainsford. Pam Simms, and Alan Myatt. Our young people serve in the sanctuary. operab"n9 the sound desk. playing in the music band and leading worship. Others are members of unifomied organisaiions aThJ toddler groups. We Ihank God for them all. average under 16 attendances in church is difficult to ascertain bul we are confident that their engagement remains $wJnificandy hi9her than the national average of 5 per week. One yojng adult was Confimied in November 2023. This year over thirty people engaged wth Bible Study groups, othefs ad discipleship material at home, many carried out acts of seNice vthin Ihe communty. All Saints 15 a tWe weekly colWvJn w'nl for the G Centre and the Thomas Project Food Bank. The Christmas Tree Festival raised £4,800 which was split befven the church and nominated charitkes, the 1st Streetly 1 Saints Brownies and the 31 Scout Group. This initiative brought people together. reached a ycwnger generalTr, raised publicity and built stronger relationships within the community. We maintained links with overseas charities. praying for and supporting financk411y Kathryn Mercy Home in India, The Hoty Child Fffoject in Bethlehem and Christkqn Aid. The Baptism team. our Pastoral team aThY W&JdiThJ Team continue to offer a wam welcome lo families. We held 35 baptisms, 4 weddings. 36 funerals and 5 burial of ashes- each o¢¢asional office an opportunity to minster God's love and grace to others. Through these offi'ces. people have relumed lo worship and play an active part in the church. We have succeeded in keeping Ihe church building open on weekdays for private prayer from 10.(arn to 12.(M) r¥y)n. enabling the church lo be a presence and resource for Ihe community. Matt Barker-wood, Director of Music and Cho memters wNked wth the incumbent to lead worship. Brian Witson led the SeThers' Team. Alan Finch leads the Sound Desk team whose role ha5 increased wilh streaming services. Many lay members have cleaned and eared for Ihe church. ts grounds and continued to support the church financialty. Members of the PCC have contributed to the le*r5hip of the mission of the church. Chris Payne and Pat Lawrence were elected as Church Wardens in May 2023 A chaiity regtslwed li Engl¥¥J and wa number 1134127
Pa90 5 ALL SAINTS. PARISH CHURCH, STREETLY Tru5tg¢s Annual Rowt for the year ended 31 Decemb•r 2023 Iconlinu¢dl Chair of PCC- Annual Report continued Ann Fox has led and develop8d the PCC Treaswers role atK1 eslablished a PCC sutsgroup. the finae vieW group. Stephen WaaCe wa$ Slewardship Secretary in 2023 and new initiatives were set up fLThJ Tai5ing. itluding a contsths machine. Chrts Payne has led a lean of lay peoF4e to enable the hal to available for hre in the c(ynmUrly. The church has held a number of CortS throughout the year which have been very successful. Duty Wardens have filled the role of and ¢k¥sirwJ church, weioyning, stewardiThJ ar4J tidying up after the use of the building. Lay members have intenlKwlly kept in ttxth with members of the congregation. many cf Wh¢ have al Imnes d(ffiro Ihe year been unable lo attend church. We have re-eslablished txjr Hom8 Communw Team. sItIng peorAe at home in pwrs. The PCC has continued lo be challenged by an ageing regularly aitenthng ¢JaOn with younger mÈmbers attending, but less frequentty. AG¢e$sing Volunteers lo open and cbse the ChUh for publ¢ and private worship. utilisry technology. managiry slaff. arKI maintsinir¥J pastoral support within Ihe mmunty. There are signs of encouragement. AtteTrJance. ths¢IFeSp. a Concern to Islen aThJ work within Streetly communrty. Income has incfeased again this year. Every member contributes their gifts lo the tMmunity of Al Sainls. Over ts conwng year we pray that we will contir4Je to joumey together to share Gtyj's love within tt community and participate in buibjwig Gorfs kingdom in Streeuy. Flnancial Summary The operating loss for 2023 was £17.6681£5.326 in 2(Y22). The ase in losses was driven by year on year oduCtnS in income of £9.182 and increases #) expenditure of £3.160. Day lo day income has reduced to £123,6141£132,796 in 2022) arKI exFNlilure has increased lo £141.282, (£138,122 in 2022) As in prev5 yeats, day lo day k}$ wovkl have been sunifKantty hgher wilhcKrt investment income of £19.009. We have also been fortunate lo benefft from gr3nls t(Mards healing gf £10,360, which will be tsken againsl gas tx"Ils xross 2023 and 2024. We sdd £15,000 in investments during the year to use for daty expenillure. The total fvnd$ a$ at 31 December 2023 anted lo £548.6871£538.626 in 20221.This repre5enlg an increase of £10,061 on 2022 values, and is driven by irKreases in investment value of £27,729 off-setting the overall loss dewibed abtrrfe. The reduction in income in 2023 was largety as a resull of reductions in onevoff donatnS of £7k aThJ legacies of £7.Sk. compared to 2022. There has however. been growth in tJlh pknned gNirwJ {£2.Sk) and cdlections at seNces1£800> There were itaSt$ in $ts, and some re(hKlion$. a number of areas. £3.1k in tolal. The key differences. as antiupated. were infftase(I gas Ix15(£4kl and hher salary $1$I£l.2k) A charity regislwed in Erryl Wales nurrtw 1134127
Page 6 ALL SAINTS. PARISH CHURCH, STREETLY Tru$tees Annual Repgrt for the yr end 31 O¢c•mber 2023 (continu) Flnanclal Summary {continu•dl Our costs in 2023 were £141,282. The largest ilems We comtTr)n fund payments to Lichfield diocese - £67,788. Salary costs- £28.333. gas £6.913. etriC £2,831. and church mainlenance £5,515. We are blessed to have the generous support of our Ular givers. and a lotal of £43.393 wa$ given VB our Giviro Direct scheme. online banking and envelopes in church. We also raised over £12,OW from loose plate collections. one off gfft donations and other donations. Much of this is eligible for tax reclaim. and we reiVed an adilional £12,573 in that way. Stslulory fees, and opth?nal payments for our fxcasional Servi (partieulady weddings and funerals) raised over £7.000. Our hau is onty a benefit to our parishH?ners, and hurch groups. bul is 81so an attractive facility for our communty, and we receNed £8,527 in lettings in 2023. As with prewous years. we eontinued our fund raising activities. raising £5.000 after costs through our concerts and the Christmas tre8 festival. Our challenge iri 2024 is to raise slfftient Inc and fundirKJ to enable u$ to further our work Mth young peopk. To enable that wa now have a Finance Review Group in place lo help manage our finances. and a Stewardship and fund raisiThJ group to drive in¢ome growlh. Investm•nt polA¢y Our aim is lo make the reserves of the Church work for the L4rger WisK)n and Strategy of the Parish and with Restricted Fund investments to protect the capital valLbe. whilst generating a good return of income lo redLe the pressur8 on the bw and help meet the Parish Share. In making investments the PCC aWayS folbN the ethtsl gubjance of the Church of England. To minimise risk. Invastments are spread over drfferent Glasses and include equities, propety and cash, both in the UK and overseas. Day lo day monitoring undertaken by Ihe Investment group. who rety UP Common Investment Funds and cyjr Inveslment Manager lo make individual investments. Reserves pollcy It 1$ the policy of the PCC to maintain a balance on unrestricted general funds of an amounl which equates to six nnIhS unrestricted payments (excluding parish sharel lo ¢ovef any emergency situation that rnay arise Irc time to time. This would amount lo £32.108 {2022 £30,892). The aclual vnrestricted general reserve of £5.871 12022 £2.0201 did not meet this largel. The PCC will attempt to budget lo rebuikj its reseNes tr) meet thi5 target. We need Ihis level of unrestrictad reserves lo Secu the effective onwng delivery of work and lo invest in ffiJre devewpnts. Approved by the PCC on .J.S. ...o.l .,.•L W.... and signed on their behall by PCC Chair.. A charity registsred In Engl3ThJ an(1 Wales number 1134127
Pap7 ALL SAINTS. PARISH CHURCH, STREETLY INDEPENDENT EXAMINER'S REPORT TO THE PAROCHIAL CHURCH COUNCIL FOR THE YEAR ENDED 31 DECEMBER 2023. I report on Ihg ¥counls ol the P8rcKlal Churth for lh8 y•ar •TrJ8d 31 Decembw 2023 whth are set out on p&Jes 8 to 16. Re$pe¢tlve rnsponsibilities of trust¢es ex•mln¢i: Thg PCC are lesponsible ftyth• pr•par2tkn of ¢¢l1¥. The PCC C¢SIder that •xlit is not required for ttts year $eGf•Jn 144(2) of th? Charities Act 2011 Ilhe 2011 Acll and that an lrylep8nttrl examiNaihM Is needed. Having 5atisfd myself that thé eharty is t lo aithi under uxnpany law is eligi)le for independent èx¥ftinalKJn, l is my responsblity lo.. examine the accounts {under s•ctton 14513) of the 2011 A¢ll lo lollcw the procedwes laid dawn in thg Gwrdl Directkns gven lh8 Chanty Comrnisslon (under secly)n 145(51 of the 2011 Act)., aTh to stale %thelher matters hm ctyne to my rtion. Basis 01 independ¢nl •xamln•rfs stst•menl . èxaminabon was carried txrt in with General Dwact grrfen by the Charity CommisswJnw3. An exwninalM in¢bJdg5 a of the reords kepl by the Ghanty and a ¢¢4nparisw of th9 presented ryth thos8 r8wrds. 11 also irKIe5 ¢on5deTrlwJn ¢f any unusual items ry disdosures in tt)e ac¢wnts, and seekia eJplanalion$ from Ihe trustees ony such maliers. The prE¢lureS undertaken do not wovhje al th8 edence Ihal yJld be raquirad in an ¥j1[ cons8w8ntty OFwnion is given a$ lo wthelhw lh• at¢ounts présent a'true and fa'r W the rwt is knited to those matters set the slalernenl bebJw. Independent •x#mln•rf• stat•m•nl . In conn8Ctkin iih my &xaninathJn. M mater has come lo my atttI. 11) whh gi4t$ me rthiscffjth cause to belie¥ that. In ony material lescl, Ihe requirem8nts ' (a) lo kèep rectyds in ac¢ordanco wth s11(} 386 ofth Cofftpanies Ad 20C6", to prepare xr4)rd with tha accounting racords 8nd lo c¢¥n %ilh ¥c(xJntvYJ reqLArements ol sln 3 of the Coryipanoes Act 20C6 the wulatKns made thereunder hav• not ten meL or {b) 121 to vthith, in my opinton, attent stvyjbj be drth•n in lo enJle a wcyer Urtrjerslandw oflha lo be reached. Signed .. Name '. Address.. 01107/zo/L Eth¥¥d$ A¢¢oun&ts 34 High Straal Aldridge WS9 8LZ A ehanty rwjratwed in ErylaTh1 Ws 1134127
ALL SAINTS. PARISH CHURCH. STREETLY STATEMEMT OF FINANCLIL ACTrMTIES Foft THE YEAR ENOED 31 DÉCEM8eR 202& Prfory•4r lotsl fvn¢ts luThJ• lunds fun0• Ity¢¢M¢ 4ndowffloNs tr¢m' £79.10S £15.013 £8.769 £18.471 E2 £2 S20 £8D.625 £15.013 £90.022 t14.752 £8.8 £19.088 1317 21bl x•ws 214} In¥esthem5 £538 73 £19.C¥)g 14 Totsi income ,520 £3.389 ¢20 £6.402 £129.584 £2.973 £S.316 £1)7.873 £131 600 Tffialex £132 974 Nel I1(eXPeJureTh bans Trnnxlers. transfets bEtse fvrs- Gross trarthfern bthen funds-wl recognis¢Ogwwyl ItW¢X GwsJioss or invesimentasse Gains on reve0n. assats. Nei movemeni In funLts Rewnrjliationof tunds Total lur htfw•r Toi01 Iofward 4.437 S?.W 456.759 E52.011 -É37.011 £151.73S 151.738 £87.940 -£87.940 £0.033 Efg.696 t27,729 .760 £11486 -£33.725 È31.X £10.(01 90,oe¢ 41 871Z es28,6 £101 573 .473 £424.641 £541607 R¢prwnt•d by UnièJirK tSB71 £5.•71 £2.020 £95.702 £70? £87 866 Restdct¢d 791 f879 £441 £3.791 t879 £441 £709 28 LS,Q67 £1,164 £844 RestriCd FLVJ £728 £5.(e7 £701 £S.C67 e177 £1.4W £2 £31.147 £2SQ £250 £io.Ne £fO.Yfj EWk,628 £331.613 £424.641 E92.628 EY31.81J ES48.687 È110,02 E282.712 £536,626 Total £101.573 (22.473 Th• nokn$ on pw loto iefonn wl t4i&*¢(K•4
Page 9 ALL SAINTS. PARISH CHURCH, STREETLY BALANCE SHEET AT 31 DECEMBER 2023 Asat 3111212023 A¥at 3111212022 Fixed assets 6410.. Fixed Assets 6430.. CBF Inv Fund 21J)2S 6435. C8F Prcyeriy 21p 6440: C8F Global Equity 2CM)1L 6445 COIF Property 21X11L 6450.. Cana¢¢ord Gen Fund 6455.. Westmil Solar Ord Total Fixed assels al £2,288 £76.316 £56,5 £138,424 £52,263 £181.836 £175 £508.207 £1.837 £84,231 £60,626 £120,468 £55.742 £171,948 £175 £495,027 5(bl S(bl 5(b) ¥0) qbl Currnnt a¥¥ets 6501.. Coop Current 7880 6505.. Lh)yd$ Current 3484 6506.. Equals Card 6510." CBF Deposit 2lD ZOS.. A¢¢wnl$ Receivable Total Curn1 assets £24.407 £15.425 £7CKJ £17.314 £4,793 £18,920 £17,686 £450 £16.776 £4.324 È58.156 Llabllltlèa 6699." Agency tsylecthx Z04.' Acctyjnts Payabl Totsl Lialyliis Nel Asset surplus {defKrt> £5.317 £16,841 £22,158 £548,687 £14.557 £14.557 £538.626 Res•rv•s Excessl(defil lo date Z01'. Slartiw balances Z02: Ga#W(lo$sesl on investment assets Total Reserves -£17.668 £S38.626 -£5.326 £628.712 £27.729 £548.667 -£84,760 £538,626 R•prgsentgd by Funds Asat 3111212022 £2.020 £87.668 £56,198 £392,741 £538.626 Noto 3111212023 £5.871 £95,702 £22.473 £424,641 £548,687 General (Unrestriciedl Oesignated Restricted Endowment Total Approved by the PCC on...,.IS.....o.i.:..a.14.................. and s1g)edon tsirbehalfby PCC Chair.. The notes of pages 10 10 16 fomi part of these accourts
Page 10 ALL SAINTS. PARISH CHURCH. STREETLY NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023 ACCOUNTING POLICIES The financial statements have been prepared in accordance with the Statement of Recommended Practice.. Aceounts"ng and Rep(xting by Charities preparing their accounts in accordance wth FRS102. the applicable accounlirKJ standard {FRS1021 and Vth the Charities Act 2011. The charity has taken a(fvantage of eXeMpln in FRS102 from the requirements lo produce a Cash Flow Stalerrent on the grourKls that il is nol a lar9e charity. The fi'nancial Statements have been prepared un(ler the hjstorical cost nvenlion except for the valuation of investment assels. which are sl)crMI al market value. The financial slalemenl$ include all transactn5. assets and liabilities for which th8 PCC is responsible in law. They do r1 Include the accounts of ¢hur¢h groups that owe their morn affilkglton lo another W. nor those that are informal gatherirys of church member5. Funds Unrestrlcted funds Unreslrictad funds s general funds whth can be used for PCC ordinary purposes - Desi9naled fund is a geneial furKI which Ihe PCC has deswjnated for particular purp09es. 11 is made up of ts¥o donations. a lega lo the church by Pat Bowker, and a legacy from Anne Bache. Th8 fornw ts used primarity for the repair and upkeep of Ihe chureh, the ehurth hall and its fumishings. The latter is desnated for the promotion of famity Wofk within the parish. Any surplus income may be applied to meet the day lo day expenses of the church or for any other charilabk rtJecls. The capital lo be used foi expenditure on the church or ¢huh hall. or for the costs of a famity ther. Restrlcted funds - Income funds may only be expended on the specrfK obpct for which they were given Any balance remaining unspent al the end of the year must b8 carried forward as a balance on that fund. - Funds g8n8raled by Organisatn5 Ihat are part of the Chureh for use by Ih0s6 groups are kept separate from income funds. Sh amounts are shthvn as restricted funds and are itemi5ed at Note 9. Pemanenl endOWnI is the fund which the Trusteès are obliged to invest or relain and use the capital onty for the purchase of Land or l>uildings for Church use. There is no power lo use pital as income. but the income from the investments can be Used for day to day expenses of the church.ILichr1d DKxesan Trust 8821 - Expendable endowment is the fund which the Trustees have the power lo convert the capital into expendable income. bul wilhoul Ihe positive duty on the part of the Trustee5 to so use the funds. The income arising on expendable endtrent funds may be used a5 unreslricled income. A tharity resister8d Ennd and wa numt*r 1134127
Page11 ALL SAINTS, PARISH CHURCH. STREETLY NOTES TO THE FINANCIAL STATEMENTS (Continuedl FOR THE YEAR ENDED 31 DECEMBER 2023 ACCOUNTING POLICIES {C0nfjnU) Incomlng Resources Where the PCC does not invest seporalely for each fund. interest is apPortned to individual funds based on the fund bakn¢es remaining at the erKJ of year. Planned giving, collections arKI donaths are rwnis&J then re¢eived. Tax refunds are recognised when the incoming resource lo which they relate is received. Grants and specific funds raised are accounted forwhen the PCC spends the funds. Legacies and dwidends are accounted for en receNable. Al incoming resources arg acwuntgd for gloss. Unless Olhewse restrted. all are deemed to be expendable end¢)wments. Resources Expended Grants and donations are accounted for vhben paKI ovef. or vA)en thvarded, if that award creates a binding or construclive obligatKffi on the PCC The dkxgsan parish share is accounted for when due. AnUnIS received speciffcalty for mission are deall *ilh as restrted funds. All other expenditure is generalty recognised when it accounted for gross. Flxed Assets Consecrated and benefd propety nol included in the accounts in accordanc8 With 596{2Mal of the Charities Act 1993. Moveable church furnishirrfJs are held by the vKar and churchwardens in special trust for the PCC and those which require a faculty for disp)SaI as inalienable propety are listed in the ehurch's inventory, which can be inSle(l during the hours that the Church offi¢e is open. For anything acquired prior lo 2000 there is insuff19n1 cost inf0mtIOn available arKI Iherefore such assets aré not valued in Ihe financial statements. Equipm8nl used within the thh premises is depwialed on a slraighl line basis over 4 years. with the exception of the organ which was vnillen off over 20 years. Individual items of equipment with a purchase prTrce of £1.000 N $$ are written off thè ass8t is acquired. Invesimenls are valued at market value at 31 December 2023. A Charity regFstered in England arwj Wa5 num[ 1134127
Prye 12 ALL SAINTS. PARISH CHURCH. 8TREETLY NOTES TO FINANCLAL STATEMENTS Icwiinwd FOR THE YEAR ENDED 31 DECEMBER 202J. Total D•Slyrthd ThIs•r L•¥ty••r In¢offl •nd •ndoMnenls from: l 00n•tW• 8¢111 Q101.GrftAx1. £35.7k) .no £J3.439 0110. A). ETr•Wx45 E6.67• £¢.678 £7.Wg E985 e285 £6NI £fj.fj81 £5.BB8 £410 £410 e743 0501 . £2.416 E2.416 E4.272 £29 £3.210 £14.726 £12.573 £12.573 E13.460 0701. L¢9 £2.x E2.SW £10. £5.312 £5,312 £4.3Z2 E4,J22 OoTratxrn and9ade5 £76.105 E2 .520 EBO.825 £90? 1101 . Fees £J.892 £3.1 £37 1T22.Chn5tynosTr¢e5. Fthid Ras .176 £7,176 É1.135 £Z.5e8 £6.258 £1 135 IrJo. cr Nl Idl'tys. 1231. Parerlx TrktrPATS) K(WE t2.2 £2810 £2.810 È15.013 £15.013 É14.752 2(el 0thorijr 0910. Rwr¢w 1240.Ctsth N31 fLJWWYJ T¢X4$ E241 t241 E¥.527 £8.9Y EQ768 £&934 E1$.471 E18.471 E16,670 É218 È538 In¥•smwnts Trts £18.471 £538 t19.¥ £19,0 Totsl Inc¢xn• ind f120.356 É73 20 £123,614 £132,796
P•p 13 ALL SAINTS. PARISH ¢NUR¢H, STREETLY NOTES TO FINAIICIAL STATEMENTS 1CMtln FOR THE YEAR ENOED 31 DECEMgER 2023. Tothi Exp•n(Wtur•on'. 31al Ralslng lunds 1731.Cosis rlOthwErts. TO E290 1732.Costs c4CtrnbiiasTteeFttival 97 É2.697 £4.486 £4 E42J fundsTYaL5 e3.409 £6462 Exp•n¢Mtur•on Chal19 18s0. Home Ms8 £810 £810 191Q.kOnis•y 8h ghw¢¢ £87.no E67.768 E87.788 £23.017 £5.316 ÉTh.333 É27.091 £1,C 2W. Organ¢l. 3tOPty £1.180 È25D £5.240 £3.77S £534 £18 £$$2 £81& 70. EOuc8i¢n £48 £48 £4( £406 É4 £2.935 £Z875 £1247 £1.247 ei.094 £1070 (2.070 2313. Cmrth siabt•ry 2320.CWilpolw £1.621 £75 É1.696 E354 E1.IPJ É5.51S tl.09C Z331- CleaTrry £981 £2.fj52 5X £1.531 E4.0$1 £4.J2• £1.205 EI.205 £5.756 £1.391 £1.391 £1.60 01.CbJrch ruMYg.¢W 2410. ruhrt4.48ts 2420. C1¢ DJMKvJ.w 2502. PATS. Ew5es 2503. Cale ExFth*S £2.831 E2.631 £6.913 É6.913 £1172 E132 £180 £isi ti.OD2 £431 £431 £255 £2.441 204?. D¢p0n. Fti•YAssoL% £813 t12B.504 E2.973 .318 e137.873 E13).eeo ExFeTrditure Grand tows £IY2.974 £2.993 £5.316 £141.282 £138.122
Page 14 ALL SAINTS. PARISH CHURCH. STREETLY NOTES TO THE FINANCIAL STATEMENTS {Contlnued) FOR THE YEAR ENDED 31 DECEMBER 2023 41al STAFF COSTS 2023 2022 Salaries payroll Admin 28.333 220 28.553 27,094 27.094 During th8 year the PCC emoyed an Ofganisl, yOLrth leader. caretaker. cleaner a parish adminislralor. Togethef these costs for employees equaie to less than full tirne empknyees.12022 - two employees) 41bl PCC COSTS There were no other thsclosable Iransaction$ in respeci ofthe PCC mberS. persons dosety connected lo Ihern or other rdated pwlies. No member of the PCC has reeeived ary renxmeration. beftefit or reimbursemenl of travelliNJ or subsistence, other than the Ministry Team in the rKml cwrse of their duties. 2023 2022 Working Expenses of Incumbent" Other Trustee Personal Expenses" 5,240 552 3,776 816 5.792 "Includes Mileage, Gifts. Hospilalty. Broadband. lIe aTrJ HcMneworf(ing plus some church items 'Indudes Mileage. Gifts, hospitality and Homelthing 4,592 61a) TANGIBLE FIXED ASSETS Church piano and Contact1 donatlon ststion 2023 2022 COST At 1 January 2023 Addikn"on Disposal At 31 Decembef 2023 58,223 1,419 55.773 2.450 S9,642 58.223 DEPRECIATION At l JanUY 2023 Charge for the year Depreciation on disposals 56.386 968 53,332 3,054 Al 31 Oecember 2023 57,354 56.386 NET BOOK VALUE At 31 Decenknr 2023 2,288 1837
Pag8 15 ALL SAINTS. PARISH CHURCH. STREETLY NOTES TO THE FINANCIAL STATEMENTS IContiDu•dl FOR THE YEAR ENDED 31 DECEMBER 2023 61bl INVESTMENTS ark•t Va¢ 2023 20Z3 2022 Quoted invesiments CBF investmfrnt luTh- 3,376 shares (see bekmfl C8F property lund. 46.449 shares C8F gk)b4 equity lur 45.745 sh COIF property fuThJ- 50,060 units Edent Amty kntl- 34.723 unis Is£4J 20201 Cangccord Genuty share P[1¢0 4S.CK 45,000 60,000 75.OCM) 50.0 37.550 149.342 416.892 175 16.479 433,546 76.315 56.905 138,424 52.263 84.231 60.626 120,468 SS,742 75.LY¥) 37,550 149.342 416.892 175 16,479 433.$46 Note '. CBF investment fund1700.7 shares) £1S.(KK) sold 20June 2023 Mevèrnenl on quoted 5gCUfit 181,836 505.743 175 17.314 523.232 171,948 493.015 175 16,776 509.966 Investment-lStrI Sclar CBF deposit fd5 Deswted Endrrmnt Perrnanent Total maet valL 1 J8n 2023 Ad(I"0n$ during year Revaluatm ptofi't I Ibss) Sok of iThve$lmenls Transfer l)eteen ftJrKf5 Mark•i value 31 D•¢ 2023 442S1 110,029 282,712 493.015 8.033 615 115.(th1 15,3171 .327 19.081 27,729 115.tyJOI (56.0231 31.338 83.622 30.000 331.794 $05,743 DEBTORS 2023 zozz Incomtr tax f•tt•veraNe Other debiois 3.183 1.610 4,793 1,524 4,324 LIABILITIES Amounts folllrwj In on• y••r A£crua15 of utilities Arnounts receNed in advance Other crediiors 2023 2022 1090 5.059 9.891 16041 L7S6 12.801 14,557 Amounts falllry aftgr ye•r
Pag¢16 ALL SAINTS, PARISH CHURCH. STREETLY NOTES TO THE FINANCIAL STATEhlENTS IConlSnu•d) FOR THE YEAR ENDED 31 OECEMBER 2023 ANALYSIS C NET ASSETS G•nw uNtstri¢led FutxDs Dlunat•d Funds Reslwicl811 Endowrnant Funds F0$ TOTAL T•n8ible fixed assets Investment h.xed assets Current assets Current liabilrtie5 2,288 505,744 62,813 122,1581 422.122 2.520 25.543 122.1581 12.079 22.671 5.673 95.701 22.671 424.642 548,687 FUMDS Rt$trl¢ied Fund$ A••t1Jan 2023 Irtrccffling rtstsur¢•s R1)ur¢?9 Tran8fern xp?nded As •t 31 De¢ 2023 Audfjo Fund Vwtual ChurGh FI([ FLWKI Retreat Fund saru#ry Fund Garden of Rest Piano Fund Vicarage RuLShMert Choir Funé Youlh120221 Frien¢8 of AJI Saints 145 3.791 31.147 (31.147) 18 12211 12501 {1.11 441 73 1.4rKI 701 S.(h7 250 1.163 io,( 2.003 56.198 264 727 5,067 250 879 10.346 709 22.474 26 12841 21 735 11.4941 13.3851 131,0741 A*#11Jan 2Q23 IrK¢miny A• 0131 D•c 2023 exppnded pemnent 282,712 17.954 31.147 331,813 Expendable 110.029 3.115 (5.3161 115.Crf)01 92.828 392.741 2L069 15.3161 16.147 424.641 Unr•stri¢t•d funds A5a11 2023 IIng A• ai 31 D•¢ 2023 •xp8nded Designated bjnd 87.667 8.034 95.701 Gera1 lund 2.020 151.743 1162.8191 14.927 5.871 89.687 159.777 116U191 14.527 101,572 548.687