## **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**
## **CONTENTS**
## **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
��������
## **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.
2
- 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.
3
## **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.
4
## _**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.
5
## **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.
6
## _**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.
7
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.
8
## **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.
9
## **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)
5. Annelies Clarke
6. Nicole Giesl
**Ordained Members:**
The Re��d Dan Henderson
7. Anne Jakeman
8. (Vacant)
(Term expires April 2025)
**Co-opted:**
**PCC Secretary** � Sharon Hartnell **PCC Treasurer** � (vacant)
9. Dan Kaufmann
10. Ally Soanes
----
11. (Vacant)
12. Lucy Hughes
(Term expires April 2026)
1. George Bartley
2. Hannah Clarke
3. Kathy Du Four
4. (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.
10
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....................................
11
St Andrew's Church, Hove
registered charity number 1134129
Statement of Financial Activities
Llnrestrirted
Fund
Re8trirted
Fund
Endowed
Fund
T*Jtal 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
Alot*s
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 Lrr*t 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 In*t •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**|
18
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:
1. 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
3. 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** ……………………………………………………………………………………………………………………………………
19