2023-12-31-accounts

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Trustees Annual Report and Financial Report

of

The Parochial Church Council of the Ecclesiastical Parish of

St A�d�e�� Church, Hove

St A�d�e�� Church, Church Road, Hove BN3 2RQ

Registered Charity no. 1134129

For the year ended 31st December 2023

Page

2 Trustees annual report 12 Statement of Financial Activities
13 Balance Sheet
14 Notes to the Annual Financial Report
19 Report of the independent examiner

Website: standrewshove.org Incumbent: The Revd D Henderson 17 Vallance Gardens, Hove BN3 Independent examiner: Mr S Laws ACA 41 Coleman Avenue, Hove BN3 5ND Bankers: Barclays Bank Plc, Natwest Plc CBF - Church of England Funds

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St A�d�e�� Hove

Trustees Annual Report for 2023

Our aims and purposes as a charity

The PCC has the responsibility of co-operating with the Incumbent, The Rev'd Dan Henderson, in:

The promotion of the gospel of the Lord Jesus Christ according to the doctrines and practices of the Church of England;
Promoting in the parish the whole mission of the church, pastoral, social, evangelistic, and ecumenical.
In this context, we aim to
encourage all people to Love God and Love Hove like Jesus (our Church Vision based on Matt. 22:36-40) and to reach out to our parish with his message.
give practical and spiritual support and care to people in the parish, from the youngest to the eldest, irrespective of the level of need or, ability to pay;
provide financial support to those in need and to other organisations with similar objectives.

What we planned to do to achieve our charitable objectives & Year Review

In order to fulfil our vision to Love God and Love Hove we see three emphases: To Know Jesus� voice (studying, learning, developing, deepening, nurturing faith), To Follow his way (living out these things in our lives), and To Share his love (impacting our community for good with our faith).

When planning our activities for the year, our incumbent and the PCC have considered the Charity Commission�s guidance on public benefit and, in particular, the specific guidance on �charities for the advancement of religion��

The council has complied with the duty under section 5 of the Safeguarding and Clergy Discipline Measure 2016, fully recognising its duty to have due regard to House of Bishops' guidance on safeguarding children and vulnerable adults.

In 2023 we progressed our 22-25 mission action plan (MAP) to achieve our vision and to structure our ministry over these years. In 2023 the ministries we discussed, planned and carried out to fulfil our vision and aims included:

Structuring and preaching sermon / study series � on:
the whole book of Genesis for the Chichester Diocesan �Year of the Old Testament� �hich enabled us as a congregation to look at the historical validity of the bible, the foundations the gospel is built on and to touch on a number of live issues in our society today including sex & sexuality and oppression & abuse.

Building the Church: looking at what Jesus says the church is built on and how we can make this our focus as we launch and progress with our re-ordering project.
- Generous Giving helping us to be inspired b� God�s �ord to continue giving to and growing our ministry and support of other charities.
Serving our local faith school and other schools by providing weekly collective worship services and pastoral support for pupils, families and staff and also supporting the School Governor�s committee in recruiting ne� foundation governors�
Providing a Warm Welcome space during the continued cost of living crisis:
for 18 hours a week where people can be warm, have access to hot drinks, charge phones and use the facilities.
for monthly meals where our parish can join together with our church family for Sunday Brunch.
growing our weekly volunteer run open tea & coffee morning which welcomes and supports vulnerable local people, those who are isolated and particularly this year a number of people who have moved to the UK from other countries.
Opening the church to our community to live stream the Coronation service of King Charles III big screen so the community could join together in celebration.
Maintaining the fabric of the church building as a historic centre and focus of life in the city and recruiting volunteers to manage and maintain the churchyard to reduce antisocial behaviour.
Joining with the Sussex Safer Streets initiative and using grant funds to design and install a CCTV system and churchyard lighting to improve safety.
Continuing our St� Andre��s Church re -ordering project reaching RIBA stage 3. This project aims to make best use of our buildings and grounds to provide flexible space for worship, ministry and community and to enhance the safety of our churchyard.

The full PCC met six times during the year with an average level of attendance of 95%. Committees/Teams met between meetings and reported on their deliberations to the Parochial Church Council and were discussed where necessary.

PCC has continued and managed the increased level of hall rental. St� Andre��s Church Hall is now used daily by the Starfish after school club, three days a week by a local community bridge club for teaching and ad hoc for our local Narcotics Anonymous group. A space in our church grounds is also used once a week by a Barclays mobile banking van and a local farmers market, while our church hall carpark is rented by various businesses and individuals.

What we achieved and how we affected be�eficia�ie�� lives

Attendance at worship

The church family welcomes visitors from within as well as outside the parish boundary. Visitors attend by personal choice and, it is our great pleasure to welcome anyone from all walks of life to take part in the life of the church. We contend that voluntary attendance to worship the Lord Jesus Christ, is a major demonstration of the public benefit of our activities. We have maintained the live streaming of our main Sunday service, which was set up during the Covid19 pandemic, and while not affecting the �in - person� numbers this has provided a sense of belonging for a small number of our church famil� �ho aren�t able to come to the building as often as they would like, and has also been used as a way of providing a Sunday morning worship service in local care homes. We are joined by between 10 and 20 watchers each week.
The average regular weekly �in - person� attendance, counted during October, was 93 adults and 33 children. We have been excited and blessed by a number of new families and individuals joining St� Andre��s , including those who have moved from Iran, India & Sweden.

Other ministries

We have worked hard during 2023 to keep the children and families in our church engaged and our volunteers have introduced new and engaging teaching series for our Sunday morning children�s �ork along with improved methods of registration and safeguarding which help the children and families in our congregation to feel cared for and valuable.
We have continued to grow our youth group which offers a safe space for activities, discussion, development and nurturing of faith and mutual support. This is run by volunteers and this year we were able to take a group of 11 of the young people on a youth camp along with 450 other young people from across Sussex. This was a success in team and confidence building and will become an annual event. The PCC is working in partnership with the Diocese through the Diocesan Pastoral Fund as we aspire to employ a Youth & Children's worker to support, develop and grow our youth, children and volunteer teams. We have discussed this role with some previous candidates and now seek to advertise the role in 2024.
Our �Open Church� times have gro�n and received more visitors this �ear , most notably the team who open the church every Friday morning as a place to meet, chat, be listened to, be served refreshments and be welcomed into the community. It has become a real meeting place and has proved important for a number of people who have felt lonely or isolated in the local area, as well as those wanting to find a warm safe space.
Christmas is a very special time of celebration where many sections of the community come together to join in the services. We partnered with Attree & Kent, one of our local funeral directors, to host a Christmas Lights of Love service to allow people to gather to mourn and remember loved ones who had died. This was well attended and provided an important chance for people to grieve, to process all that had happened in the past few years, and also to hear the message of hope Jesus brings in the face of death.

Teaching, baptising and nurturing new and existing believers

This year, 2 people have been baptised at St� Andre��s . These were joyful occasions and we were pleased to be able to be part of nurturing the candidates and their families.

In 2023 we did not host any weddings and we supported families and friends through 6 funerals in the church building, 2 funerals conducted at crematoriums and cemeteries and 2 burials of ashes.

Evangelism and outreach

We have continued our outreach to the school community through regular services and through being involved in the recruitment of governors for the school.

We have run a number of �first contact� outreach events to bless our communit� and to welcome people into the church including a fish and chip quiz and an Autumn fayre which have been huge successes.

Provision of the church building for people to enjoy

We continue to battle the anti-social behaviour in the churchyard working with the local police. This year we have brought together a strong group of volunteers to maintain the churchyard as well as partnering with GoodGym Brighton who come once a month to help with this. Together these actions help keep the churchyard a local green space where people can reflect, relax and enjoy.

The PCC worked in partnership with the Safer Streets UK project to improve the safety and aesthetic of our churchyard so we can provide this improved green space as a place of reflection and peace for our community. The improvements included CCTV and external lighting of the church building and we plan to undertake further landscaping and vegetation improvements alongside our re-ordering project.

Provision of pastoral care for people living in the parish

We have continued our meals rota to help people through stages in life such as the first weeks of a new baby or after injuries or illness. We have opened the church more during the week, and particularly at key/significant occasions this year, to welcome people in and volunteers are available at certain times for prayer and pastoral support.

Provision of tangible support to the poor and needy

We have raised funds for and supported Sanctuary Foundation during 2023 to support and facilitate their work of campaigning for peace in Gaza and for humanitarian aid for Palestine to be allowed access to the worst affected places.

We organised an additional Christmas Carol Service to raise funds for Off the Fence and their work with homeless people and vulnerable women in our city.

We have also specifically supported 2 individuals in our community throughout the year through food provision, advice and advocacy.

Financial Review

Incoming and outgoing resources

Total receipts on general unrestricted funds received were £120,598 (2022: £148,485) and are detailed in the Financial Report.

Donations – Parish Giving Scheme (PGS)

As a church famil�� e recognise that b� far the best �a� to gi�e mone� back to God�s �ork in our Parish is by monthly giving through the Parish Giving Scheme (PGS). PGS donations increased to £47,383 (2022: £46,322). We raise a note of thanks to the Team at PGS for raising these gift aid claims for us, as this frees up our Parish Office to dedicate more time to helping those locally in need. Our total voluntary income including tax recovered, but excluding legacies was £75,523 (2022: £89,293). Our Church Giving Ratio* for 2023 was 60% (2022: 72%)

*Church Giving Ratio

As a church family, we aspire to fully fund our vision to Love God and Love Hove entirely from our own church family giving. To help us track our progress, we define our Church Giving Ratio as the ratio of our total unrestricted donations as a proportion of our total unrestricted payments. (Target = 100%)

Legacies

PCC received no legacies in 2023.

Sharing the ministry costs of the Diocese of Chichester

The largest expenditure of the PCC was the sum of £79,584 (2022: £76,957) paid to the diocese for our share of all churches� Parish Ministr� Costs� We are currently meeting 101% of the gross costs allocated to our church and we intend to continue like this in 2024. The overpayment will help other parishes in the Chichester Diocese that are unable to pay their full share.

The total of Parish Ministry Costs relates directly to the housing, support, stipend and pension costs of the clergy of this parish, training of new ordinands, a contribution to national church funds and, shared costs of the Christian family throughout the whole diocese, including assistance towards the upkeep of churches less able to manage than ourselves.

Staff costs

The PCC pays for a Parish Administrator 5 hours per week. No other staff are paid which means that the overwhelming majority of work in the Parish is completed by volunteers.

Trustee payments and expenses

The PCC also supported the clergy by paying Council Tax, water rates and other costs associated with the vicarage totalling £4,351 (2022: £4,424). £4,400 was refunded as expenses to the Incumbent, which includes a number of day-to-day items, needed by the church family. Full details and receipts of such payments are retained in the Parish Office. Likewise, Fundraising expenses totalling £738 were reimbursed to three other trustees.

There were no other payments to persons related to or connected to, the trustees.

Repairs to the fabric of the church building

Our Standing Committee assess and commission regular maintenance of the church building within our tight maintenance budget. Repairs to the church this year came to £1,793 (2022: £5,975) which included roof maintenance and sealing. A larger scale re-rendering of the exterior of the church is needed and we have contacted our previous structural engineer for a consultation on how to go about this.

Our Quinquennial inspection will be undertaken in the final quarter of 2024 which will give us a longer term maintenance plan going forward.

Church Capital Investment Programme

PCC continues to engage in fundraising efforts for the project and has increased the scope of the project. The plans are now far more ambitious and the church masterplan has been scaled up to accommodate the possibility of a surge in funding. The 2023 church masterplan now runs to £800k (2022: £500k)

The project has been divided into 9 separate church zones. The plan to re-order each zone has been designed in more detail and the costs to re-order each of the individual zones has been calculated with the support of cost consultants recommended by the church architects, John Puttick Architects (JPA).

PCC members have been challenged to consider the merits of each re-ordered zone through a series of balloting conducted by the Churchwardens. Through the casting of multiple votes, costed plans to reorder every individual zone were approved by PCC and a priority order in which the zones will be reordered has been agreed.

To allow for this potential increase in scope, PCC have extended the project timeline.

In 2024, PCC intends to raise a faculty for the full masterplan of works. This is a detailed document and PCC will continue to pay professional fees to achieve this. If the faculty is approved, PCC will then be in a position to seek tenders for a primary contractor to start and finish construction works in 2025. The scope of the actual construction work will be determined by the funds available. It is hoped that these funds will be sufficient to be allocated to re-order multiple church zones as per the PCC prioritization.

During 2023, a further £125,000 was received from a donation for the purpose of re-ordering the church building. Further to conversations with Chichester Diocese Board of Finance who hold restricted CBF funds valued at £51,550 on 31 Dec 20023 on our behalf, PCC intends to ha�e the �School Proceeds� fund which is valued at £40,241 released to the Church Re-Ordering fund. PCC also received grants of £56,707 which includes £50,330 from the Sussex Safer Streets Local Government campaign for the purposes of improving the safety and sanctity of the churchyard parts of the Church Re-Ordering plan.

Major Capital Expenditures this year of £44,342 (2022: £35,899) was used to bring the Church ReOrdering project to the completion of RIBA stage 3 and to install CCTV and churchyard lighting using the grant from Sussex Safer Streets.

This remaining balance of funds committed in principle to the Church Reordering fund was £272,226 + £40,241 (£312,467 total) as at 31 Dec 2023. PCC Re-Ordering Team continues to report directly into PCC and appointed Trustee George Bartley continues to manage the project on a volunteer basis. The church family is kept up-to-date on progress through large display boards, verbal notices made in the church on Sundays at the end of the main worship service, email and social media. PCC is continuing grant application fundraising and will launch a church and community fundraising campaign in Spring 2024 for - the remaining funds needed. It is PCC�s intention to spend do�n the full balance of all restricted Re Ordering funds during the course of the Church Capital Investment Programme which is expected to complete in 2024-25.

Why we hold some money in reserve

It is PCC policy to maintain a balance on the general unrestricted funds which equates to approximately three months� �orth of unrestricted pa�ments as contingenc� against unforeseen situations� The closing balance of £57,112 (2022: £63,218) achieves this.

It is PCC policy to invest temporarily surplus general funds, returning proportionately these funds to our current account, as they are needed, to pay day-to-day bills.

The PCC Budget for spending from unrestricted funds in 2023 is a deficit budget (£10k deficit) and is set at £140k which includes some contingency for higher than expected inflationary pressures. The projected deficit arises from a large increase in utility costs which was avoided the previous year by a fixed contract and a realistic projection of reduced church fundraising and one-off giving during this period of re-ordering fundraising.

Management of risks and their mitigation

The PCC consider that the principal risks and uncertainties are:

the need to fund unexpected costs associated with the church's listed building status;
the potential for further impact from the global pandemic which affected several aspects of our ministry;
the requirement to find volunteers and staff with the appropriate skills, time and commitment to support the ministry of the congregation;
due to the nature of the St Andrew's vision, there is an above average interaction with vulnerable people both within the church and around the community;
organisations outside the control of the PCC could have a direct and material impact on St Andre��s� Ho�e� for e�ample St Andre��s Church of England Aided Primar� School ;
that the complexity of controlling and governing effectively a large Church Capital Investment Programme could create unprecedent types of pressure and challenges for our PCC members

The PCC seeks to manage these risks and uncertainties by regularly reviewing its vision and its plans for the use of the church buildings. The quinquennial inspections are up to date and we are working through the list of recommendations.

The PCC is also actioning a plan to proactively seek grants to support its activities.

Due to the abo�e a�erage e�posure to �ulnerable people� St Andre��s follo�s diocesan guidance on these matters and the PCC receives and discusses regular reports and utilises the specialist skills and knowledge of people within the congregation. We ensure that our safeguarding training meets Diocesan requirements and we also keep ongoing communications with the local Police and PCSOs.

Future uncertainties

Our invested funds have increased in value in 2023. The continuation of inflation in 2024 is a concern, but as an ever more generous church we expect to meet these challenges together. We will continue to increase what we give as and when it is necessary and do this collectively as the church family of St Andre��s� It is important to ensure that as the day-to-day costs rise, the growth in income is sustained through renewed giving pledges, to strengthen our underlying financial position. We recognise that Church family giving has been the foundation to underpin the great excitement and opportunity in the next phase of our Mission that we are now embarking on through our Church Capital Investment Programme.

Structure, governance and management of the charity

The Parochial Church Council (PCC) is registered with the Charity Commission as required by the Charities Act 2011. Its governing document is the Parochial Church Councils (Powers) Measure 1956.

During the year the following served as members of the Parochial Church Council:

PCC MEMBERS 2023-2024

Chair:

The Re��d Dan Henderson

Churchwardens:

(Term expires April 2024)

Deanery Synod Representatives:

(Term expires April 2026) Fiona McConnell Martin Sacree Jennifer Riley

Fiona McConnell John Beard

Members:

Safeguarding Officer: Ally Soanes

Electoral Roll Officer (non-PCC): Mel Cartwright

(Term expires April 2024)

Annelies Clarke
Nicole Giesl

Ordained Members:

The Re��d Dan Henderson

Anne Jakeman
(Vacant)

(Term expires April 2025)

Co-opted:

PCC Secretary � Sharon Hartnell PCC Treasurer � (vacant)

Dan Kaufmann
Ally Soanes

(Vacant)
Lucy Hughes

(Term expires April 2026)

George Bartley
Hannah Clarke
Kathy Du Four
(Vacant)

Membership of the PCC is determined under the Church Representation Rules and consists of certain ex- officio members (Incumbent), the churchwardens and members of the Deanery, Diocesan or General Synods and 9 members of the church (currently three possible vacancies) who are elected at the Annual Parochial Church Meeting (APCM). The congregation are warmly encouraged to stand for election to the PCC and we try to ensure a balance of skills and experience where possible.

We thank Mr. Stuart Laws ACA for examining the accounts and all those who have helped to ensure that the finances of the church run smoothly. Also, we thank all of you who give your time and money to St Andrews throughout the year.

This Trustees' Annual Report was approved by the PCC at a meeting on Wednesday 20[th] March, 2024 and signed on behalf of the PCC by The Re��d Dan Henderson� PCC Chairman

Signed �

��

28th March 2024 Date....................................

St Andrew's Church, Hove registered charity number 1134129 Statement of Financial Activities Llnrestrirted Fund Re8trirted Fund Endowed Fund TJtal Fundj rotol Funds 2023 2022 Plotes IThEDrr ind indowrn•ntsfram= Donations 75.523 125.(MK> 2TrJ,523 214,293 Legacies Charitable activities 61,464 26.217 26,217 22,447 Investtnents 18,508 18.508 17,333 Other receipts 350 56,357 56,707 6,350 Total Incom• 120,598 181,357 301,955 321,887 Expenditvre vn: Diocesan Parish Share 79.584 79,584 76,957 Sglarie5 2,630 2.630 2,470 Church nJnningexpense5 Trading Costs Other Charitable Costs 26.949 26,949 20,131 5,679 5.679 2.716 11.281 44.342 55,623 56,426 Total xP•ndUr• 126.123 44.342 170M65 158,701 Net 8ains lor lossesl on investments Net incorne or (net expenditurel 15.5251 137.015 131A90 163,185 Tran•fer¥ between fund¥ ii.orK)I i.tK)O 16,5251 138,015 I31,4> 163,185 oth•r rn¢ognl•qd zaln•lllo••q81: Irrecoverable VAT 13.4211 13A211 Other gains/llosse51 419 2.725 2.859 6.o)a (16.8981 Reconciliation offund5.' Nat rnovernant in funds 6.106 137,319 2.859 134.072 146,287 Total funds brought forward 63.218 189.957 51.241 304A16 158,129 Total funds carried forward 57.llz 327.Z76 54.100 43BA88 304,416 12

St Andrew's Church, Hove registered charity number 1134129 Balance Sheet TotulFund$ TotGIFunds 2023 2022 Alots Endowed C6F investments 54.1 51,241 Total fix4d a8%ts 54.1 51,241 rnival Plt Shareholdin8 Debtors 126 4.181 Restricted CBF Invp5tment5 51A50 48,825 Cash at bank arid in hand 335J05 216,095 Total Lrrt a#& 388,479 270,099 Creditors.. Amounts falling due within orie year {4.091} 116,924) rrgnt ags•t$ or Illabllrtlg91 384J88 253,175 Total vJrront liabilitios 304,416 Tal n4t a•sgt8 or Illabllftl•81 304,416 Th•lund8 ofth• charrty: Endowmentfunds 54.1 51,241 Restrirted funds 327976 189,957 Unrestricted funds 57.112 63,218 Tal unr•rtr6rted fvnds 57.112 63,218 Total char¥ fundg 304,4f16 This Financial Report for the year ended 31st December 2023, including the noles following, was approved by the PCC and signed on ils beha by The Revd. Dan Henderson, PCC Chairman= 28th March 2024 13

St Andrew's Church, Hove registered charity number 1134129 Notes to the Annual Financial Report l The financial statetnents of the PCC have been prepared in accordance with the CharttiesAct 2011 and current Church Accounting Regulations. using the Accruals basis. 2 Analysis of income and endowments Unr4strlct*d Rertrlrted Endow•d Total Funds TotolFunds Fund Fund Fund 2023 2022 PGS donations 47,383 47.383 46,321 PGS Gift Aid 11,083 11.083 10,805 Planned Giving (standing tsrderll collectio GASDS 2,673 3,305 2.673 3,514 4.454 3.305 Contartless Givin8 GASDS All othergiving 2,177 2.177 3,737 8,902 I25,) 133.goz 145,461 Donatlons £75,523 £125.000 £200.523 £214,293 Legacie5 61,464 E61,464 Fundraisin8 PCC Fees 7,083 7.083 9,526 1,321 1.3ZI 858 Use of Churth Hall & Land 17,813 17.813 12,063 Charitable activicies £26.217 £26.217 E22,447 Use of church car park Interp5t from Investments 16,230 16.ZS0 14,455 2,278 2.278 2,878 Inve$tments £18.508 £18.508 £17,333 Grants 350 56.357 56.707 3.420 All Other receipts 2,930 Other receipts £350 t56.357 £56.707 £6,350 Total income and endowrnent8 on allfund8 £120.59B EIBI.357 £301.955 £321,887 14

St Andrew's Church, Hove registered charity number 1134129 Notes to the Annual Financial Report 3 Analysis of expenditure Unrestrirted Fund Re>tri¢ted Fund Endowed Fund Total Funds Totol Fund5 2025 2022 Diocesan Parish Shhre 79,584 7984 76.957 Oiocesan Pari¥h Share £79.584 £79.584 £76,957 Salaries 2,630 30 2,470 Salar699 £2,630 £230 £2,470 Courses and evangelism costs 698 698 518 880 8A30 6.149 Insurances 5,558 s58 4,612 All Otherchurch running expenses 11,813 IIA13 8.853 Church runnln8 •xp•ng•* £26,949 £26,949 E20,131 Tradin8 Cost% 5,679 5.679 2,716 Trading Costs £5.679 £5.679 £2,716 Incumbent Expenses Vitarage tosts Mission giving 4,40D 4AOO 7.740 4,351 4J51 4,424 1.455 Fundraising c05t5 738 738 933 Church repairs 1.793 793 5,975 Major&pital Expenditure 44,342 35.899 oih•r Charftabl• Cog18 £11,281 £55,623 E56,426 Total pnd•d on allfvnds £126,123 £44.342 £170A65 £158,701 15

St Andrews Church, Hove registered chorffjty number 1134129 Notes to the Annual Financial Report 4 Transfers between funds Unrestricted Furldg Rertrictod Fund Endowed Fund Tvtsl FvndJ Tot(7lFunds 2023 2022 Youth Work Furtd 11,owi I,o(x) 5 Debtors Unre8tricted Re&trirted Endowed Totsl Fund TotalFunds Furtd$ Fund Fund 2023 2022 IDcorne tax recoverhbk Other debtors 2,126 2.126 4,181 £Z,126 £Z,IZ6 E4,181 6 Creditors: amounts fallin8 due within one year Unre8tricted Furhds Restrirted Fund Endowed Futtd Total Funds TotolFunds 2023 2022 Accru415for utilities and otherc05ts Mission Givin8 Other creditors 717 717 1,295 3.374 8.374 15,629 £717 £3,374 £4,091 £16,924 7 Analysis of net assets by fund Unrestrirted Funds Re*rirted Fund Endowed Fund Totsl Fund TotolFunds 2023 2022 Endowed CBF Investments 54,1(X) 54.100 51,241 (arnival PIC shareholding Debtur5 1,498 1rt9 2,126 2.126 4,181 Restricted CBF Invesmients 51.550 51,550 48,825 C35h at bank and on deposit 54,205 17171 279,1(K) 13.3741 333.305 216,095 116,9241 14,0911 £57.112 £327.276 £54.LOO £438A88 £304,416 16

St Andrew's Church, Hove registered charity number 1134129 Notes to the Annual Financial Report Prior year Statement of Financial Activities comparative figures for this year Unr49tri¢ted Rwtrirt4d Endowed Total Funds Fund Fund Fund 2022 Income and endowments from.. Donations 89,293 125,(KK> 214293 Legacies Charitable activities 16,482 44,982 61.464 22,447 22047 InvestTnents 17,333 17.333 Other receipts 2,930 3,420 350 Tot•1 inEorn• 148A85 173.È102 321.887 Expenditure Jn'. Di0san Parish Share 76,957 2,470 76,957 Salaries 2.470 Church runnin8expenses Trading Costs 20,131 20.181 2,716 2.716 Other Charitable Cc>Sts 21,658 34,770 56.428 Total expenditure IZ3,932 54,770 15&702 Net gain5 lor lo55e51 on investment5 N•1 Incom• or Int •xYrtdr•) 24.5SS 138.632 163.185 Tramhri b•twg•n fundi I2(•2) 2,500 22,053 141,132 163,185 Other recoEnised zjin$lllos8e¥l- Other 84in511lo55e51 11,3871 17,5691 17,9421 1118981 Reconciliotion offvnd5.' N•t moV•M4 In fund$ 20.666 133,563 17.9421 146.287 Total funds brought forward 42,552 56,394 59.183 15&129 Total funds carried lorward 68.218 189.957 Sl.241 304.416 17

St Andre��s Church� Hove

registered charity number 1134129

Notes to the Annual Financial Report

8 B

Statement of funds

Statement of funds
	Balances b/fwd 1 Jan 2023	Income	Expenditure	Transfers, other gains and losses	Balances c/fwd 31 Dec 2023
Endowed CBF Investments: PCC Stipend Churchyard Hobley memorial	£ 39,179 12,062	£ -	£ -	£ 2,186 673	£ 41,365 12,735
Total of all endowed funds	51,241	-	-	2,859	54,100
Restricted CBF Investments: School proceeds Brittle Usher missionary fund	38,114 9,786 925	- -	- -	2,127 546 52	40,241 10,332 977
Total of CBF restricted funds	48,825	-	-	2,725	51,550
Youth work Church Re-Ordering	2,500 138,632	1,000 181,357	(44,342)	- (3,421)	3,500 272,226
Total of all other restricted funds	141,132	182,357	(44,342)	(3,421)	275,726

Total of all restricted funds	189,957	182,357	(44,342)	(696)	327,276
Unrestricted funds: General fund Carnival Plc Shareholding	62,220 998 -	119,597 - -	(126,122) - -	(82) 500 -	55,614 1,498 -
Total of all unrestricted funds	63,218	119,597	(126,122)	418	57,112

Total funds	£304,416	£301,954	£(170,464)	£2,581	£438,488

This is my report to the Parochial Church Council of the Ecclesiastical Parish (PCC) of St Andrew, Hove, on the annual report for the year ended 31[st] December 2023 set out on pages 2 to 18

Respective The PCC members are responsible for the preparation of the annual reports. The PCC responsibilities of members consider that an audit is not required for this year under section 144 of the trustees and examiner Charities Act 2011 (“the Charities Act”) and that an independent examination is needed.

It is my responsibility to:

examine the accounts under section 145 of the Charities Act, 2. to follow the procedures laid down in the general Directions given by the Charity Commission (under section 145(5)(b) of the Charities Act, and
to state whether particular matters have come to my attention.

Basis of independent My examination was carried out in accordance with general Directions given by the examiner’s statement Charity Commission. An examination includes a review of the accounting records kept by the charity and a comparison of the accounts presented with those records. It also includes consideration of any unusual items or disclosures in the accounts, and seeking explanations from the trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit, and consequently no opinion is given as to whether the accounts present a ‘true and fair’ view and the report is limited to those matters set out in the statement below.

Independent In connection with my examination, no material matters have come to my attention examiner's statement which gives me cause to believe that in, any material respect:

accounting records were not kept in accordance with section 130 of the Charities Act or
the accounts do not accord with the accounting records

I have come across no other matters in connection with the examination to which attention should be drawn in order to enable a proper understanding of the accounts to be reached.

Examiner’s signature

………………………………………………………………………………………………………..

STUART LAWS

Examiner’s name CAPITALS

………………………………………………………………………………………………………………………………….. 28 March 2024

Date Relevant professional …………………………………................ Associate of The Institute of Chartered Accountants in England and Wales qualification(s) or body if any …………………………………………………………………………………………………………………………………… 41 Coleman Avenue, Hove BN3 5ND Examiner’s address ……………………………………………………………………………………………………………………………………