ANNUAL REPORT OF THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIATICAL PARISH OF ST GEORGE THE MARTYR, SHIRLEY, CHARITY NUMBER 1134140 FOR THE YEAR ENDED 31st DECEMBER 2023
## **THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF ST GEORGE THE MARTYR, SHIRLEY**
# **ANNUAL REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023**
## **REGISTERED CHARITY NUMBER 1134140**
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ANNUAL REPORT OF THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIATICAL PARISH OF ST GEORGE THE MARTYR, SHIRLEY, CHARITY NUMBER 1134140 FOR THE YEAR ENDED 31st DECEMBER 2023
## **Annual Report of the Parochial Church Council for the year ended 31[st] December 2023**
## **Administrative information**
St George the Martyr, Shirley is situated in Shirley, in the London Borough of Croydon, It is part of the Diocese of Southwark, within the Church of England. The correspondence address is St George the Martyr Church, Elstan Way, Shirley, Croydon CR0 7PR.
The PCC is a charity registered with the Charity Commission, charity number 1134140.
PCC members who have served from 1 January 2023 until the date of approval of this report are:
|Helen Aylward*|Trustee||
|---|---|---|
|Alexander Baldwin-Smith|Trustee||
|Eric Baldwin-Smith|Non-VotingSecretary||
|Heather Barker|Trustee and Churchwarden||
|Stephen Barker|Trustee and Interim Chairman||
|Margaret Elizabeth Bebington*|Trustee and Reader||
|Alan Chitty|Trustee and Treasurer|Appointed on 12 June 2023|
|Anne-Louise Clayton*|Trustee||
|Rev HilaryFife|Trustee and Hon Curate||
|Katarina Francis|Trustee|Appointed on 21 May2023|
|Rev BarryHengist|Trustee and Ex-Chairman|Resigned on 23 July2023|
|Dr Oluwatoyin Magbagbeola|Trustee|Appointed on 21 May2023|
|Janet Maureen Payne|Trustee and Churchwarden||
|Evan Russell|Trustee||
|Marjorie Russell|Trustee||
|Jan Turner|Trustee||
|Raymond Wheeler|Trustee and Reader||
|Susan Wheeler|Trustee||
*These trustees have been elected as members of the Deanery Synod, and are also members of the PCC
## **Structure, Governance and Management**
The membership of the PCC consists of the incumbent (post currently vacant), churchwardens, the readers, and members elected by eligible members of the congregation (being those on the electoral roll). Members of the congregation are encouraged to register on the Electoral Roll.
The PCC are responsible for making decisions about the church, including deciding how to spend the funds of the church.
The PCC met 8 times during 2023.
The charity’s governing document is the Parochial Church Council Powers Measure (1956) as Amended and Church Representation Rules.
## **Objectives and Activities**
The object of the charity is to promote in the ecclesiastical parish the whole mission of the Church.
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ANNUAL REPORT OF THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIATICAL PARISH OF ST GEORGE THE MARTYR, SHIRLEY, CHARITY NUMBER 1134140 FOR THE YEAR ENDED 31st DECEMBER 2023
## **Achievements and performance**
## **Electoral roll**
The electoral roll was revised in anticipation of the 2023 APCM. This indicates that there are currently 110 parishioners on the electoral roll, an increase 5 from last year.
## **Safeguarding**
The safety of our young people and vulnerable adults remains a priority and ‘A Safe Church’, the Diocesan Safeguarding Policy, continues to be adopted in full. The church has two Parish Safeguarding Officers. The church holds annually a “Safeguarding Sunday” to encourage all members of the congregation to continue to think about safeguarding. The church’s safeguarding policies and procedures have been reviewed and updated in 2023.
## **Ecumenical relationships**
The parish works with other parishes in the Croydon Addington Deanery and with other churches as part of Churches Together in Shirley.
## **Volunteers**
The PCC would like to thank all the volunteers who give their time so generously to ensure the church remains a vibrant and welcoming community.
## **Review of the year**
This year has again been a challenging year financially and the trustees are keen to migrate regular giving onto the Parish Giving Scheme to aid cashflow by receiving Gift Aid monthly rather than annually. The church launched the Parish Giving Scheme to the congregation in January 2024.
In July 2023, the incumbent, Barry Hengist, retired and the parish entered an interregnum. The PCC, in conjunction with the diocese, have started the process of recruiting a new incumbent, and hopes that an appointment may be made in the summer of 2024.
The trustees continue to encourage the church EcoGroup and in 2023 we gained the Silver A Rocha Eco Church award and were well on the way to the Gold award.
Worship remains central to church life and in addition to regular twice-weekly eucharists, morning prayer is said daily. Our Sunday eucharist continues to be live-streamed, and we offer this facility to those arranging funerals and weddings. A growing Junior Church takes place during the eucharist on Sundays with one week a month being an all-age eucharist service. Weekly groups such as the Bible Study Group and Men of George’s have continued online and the Pop-In senior club now meets in person with numbers increasing. The Georgettes women’s group and Book Reading Group meet on a monthly basis.
St George’s has continued to support other charitable organisations through donations, in particular to overseas mission organisations and the local foodbank.
The trustees continue to invest in the future flexibility of the church building. Planning for capital projects is well advanced, including building an annexe to the church with servery, additional and
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ANNUAL REPORT OF THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIATICAL PARISH OF ST GEORGE THE MARTYR, SHIRLEY, CHARITY NUMBER 1134140 FOR THE YEAR ENDED 31st DECEMBER 2023
accessible toilet and a multi-use space, for which council planning permission was granted in late 2023. The faculty for the project was granted by the DAC in February 2024, subject to certain conditions. Redevelopment of the church hall and adjoining land in partnership with the diocese is currently under discussion. It is expected that the land will be sold in 2024, and with this will come the necessary demolition of the current church hall, scout hut and other outbuildings..
## **Financial review**
Income from donations and legacies was £80,739 in 2023 which was a decrease compared to the £121,205 in 2022. The decrease was due to the receipt of a one-off grant to replace the church pews with chairs in 2022. Income from other trading activities increased from £21,450 in 2022 to £23,418 in 2023. This balance is largely made up of income from hall lettings and fundraising events, which have resumed in full following the Covid 19 pandemic. Expenditure in 2023 decreased slightly to £123,928 from £125,911 in 2022, and includes £10,800 spent against the designated fund for capital projects. This resulted in net expenditure before investment gains of £4,731 (2022: net income of £30,640) and net decrease in funds of £3,568 (2022: net increase of £22,675). Gains on investments were £1,162 (2022: losses of £7,965). As a result, unrestricted funds were £18,994 at 31 December 2022 (2022: £3,637). Designated funds at 31 December 2023 were £459,439 (2022: £477,646). Restricted funds were £10,052 (2022: £10,144) and endowment funds were £26,084 (2022: £26,712).
## **Reserves policy**
The charity’s policy is to hold at least three months’ worth of operating expenses at the year end. The charity’s reserves overall are significantly in excess of this, however the PCC continues to designate £359,059 for use on future capital projects. As such, the PCC is working to build up the general fund so that this will equal at least three months’ worth of operating expenses.
Approved by the Parochial Church Council on 9 April 2024 and signed on its behalf by:
Stephen Barker Chairman
4
## **Independent Examiner’s Report to the PCC of St George the Martyr, Shirley**
I report on the accounts for the year ended 31st December 2023 which are set out on pages 6 to 19.
## **Respective responsibilities of the Trustees and Independent Examiner**
As trustees of the charity, the members of the PCC are responsible for the preparation of the accounts. They consider that an audit is not required for this year under section 144(2) of the Charities Act 2011 (the 2011 Act) and that an independent examination is needed.
It is my responsibility to
- examine the accounts under section 145 of the 2011 Act;
- follow the procedures laid down in the General Directions given by the Charity Commissioners section 145(5)(b) of the 2011 Act; and
- state whether particular matters have come to my attention.
## **Basis of Independent Examiner's Statement**
My examination was carried out in accordance with the General Directions given by the 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 management committee concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in a full audit, and consequently I do not express an audit opinion on the accounts.
## **Independent Examiner's Statement**
In connection with my examination, no matters have come to my attention
1. which give me reasonable cause to believe that in any material respect the requirements
- to keep accounting records in accordance with s.130 of the 2011 Act; or
- to prepare accounts which accord with these accounting records have not been met; or
2. to which, in my opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached.
## **Eternal Excellency Ltd**
Chartered Certified Accountants 20 Elmbourne Drive Belvedere, Kent, DA17 6JF
Date: 9th April 2024
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ANNUAL REPORT OF THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIATICAL PARISH OF ST GEORGE THE MARTYR, SHIRLEY, CHARITY NUMBER 1134140 FOR THE YEAR ENDED 31st DECEMBER 2023
## **Statement of Financial Activities for the year ended 31 December 2023**
||**Unrestricted**|**Designated**|**Restricted**|**Endowment**|**Total**|**Total**|
|---|---|---|---|---|---|---|
||**funds**|**funds**|**funds**|**funds**|**2023**|**2022**|
||**£**|**£**|**£**|**£**|**£**|**£**|
|**Income and endowments from:**|||||||
|Donations and legacies
(note 1)|64,420|11,004|5,315|-|80,739|121,205|
|Income from charitable
activities (note 2)|820|-|-|-|820|4,422|
|Other trading activities
(note 3)|3,724|19,694|-|-|23,418|21,450|
|Investments (note 4)|14,103|-|117|-|14,220|7,990|
|Other income (note 5)|-|-|-|-|-|1,484|
|**Total income**|**83,067**|**30,698**|**5,432**|**-**|**119,197**|**156,551**|
|**Expenditure on:**|||||||
|Raising funds (note 6)|12,834|156|601|-|13,591|10,979|
|Expenditure on charitable
activities (note 7)|69,822|35,513|5,002|-|110,337|114,932|
|**Total expenditure**|**82,656**|**35,669**|**5,602**|**-**|**123,928**|**125,911**|
|**Net income /**|||||||
|**(expenditure) resources**|**411**|**(4,967)**|**(170)**|**-**|**(4,731)**|**30,640**|
|**before transfer**|||||||
|**Transfers**|||||||
|Transfers between funds|14,946|(14,782)|(164)|-|-|-|
|**Other recognised gains / losses**|||||||
|Gains/losses on
investment assets|-|1,546|243|(627)|1,162|(7,965)|
|**Net movement in funds**|**15,357**|**(18,207)**|**(90)**|**(627)**|**(3,568)**|**22,675**|
|**Reconciliation of funds**|||||||
|**Total funds brought**
**forward**|**3,637**|**477,646**|**10,144**|**26,712**|**518,139**|**495,464**|
|**Total funds carried**
**forward**|**18,994**|**459,439**|**10,052**|**26,085**|**514,570**|**518,139**|
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ANNUAL REPORT OF THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIATICAL PARISH OF ST GEORGE THE MARTYR, SHIRLEY, CHARITY NUMBER 1134140 FOR THE YEAR ENDED 31st DECEMBER 2023
## **Balance Sheet as at 31 December 2023**
|**Balance Sheet as**|**at 31 December 2023**|
|---|---|
||**General**
**funds**
**£**
**Designated**
**funds**
**£**
**Restricted**
**funds**
**£**
**Endowment**
**funds**
**£**
**Total 2023**
**£**
**Total 2022**
**£**|
|**Fixed assets**
Tangible Assets
(note 10)
Investments (note
11)
**Total fixed assets**
**Current Assets**
Cash at bank and in
hand (note 12)
Debtors (note13)
**Total current**
**assets**
**Current liabilities**
Creditors (note 14)
**Net current**
**(liabilities) assets**
**Net total assets**
**Represented by**
Funds (note 15)
General
Unrestricted
Designated funds
Restricted funds
Endowment funds
**Total**|-
67,338
-
-
67,338
72,902
22,225
16,173
4,344
26,085
68,827
67,665|
||**22,225**
**83,511**
**4,344**
**26,085**
**136,165**
**140,567**
(7,033)
377,066
6,103
-
376,136
362,843
5,359
-
-
-
5,359
16,593|
||**(1,674)**
**377,066**
**6,103**
**-**
**381,495**
**379,436**
(1,557)
(1,138)
(395)
-
(3,090)
(1,864)|
||**(3,231)**
**375,928**
**5,708**
**-**
**378,405**
**377,572**|
||**18,994**
**459,439**
**10,052**
**26,085**
**514,570**
**518,139**|
||18,994
-
-
-
**18,994**
3,639
-
459,439
-
-
**459,439**
477,644
-
10,052
-
**10,052**
10,144
26,085
**26,085**
26,712|
||**18,994**
**459,439**
**10,052**
**26,085**
**514,570**
**518,139**|
Approved by the Parochial Church Council on 9 April 2024 and signed on its behalf by:
Stephen Barker, Chairman
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ANNUAL REPORT OF THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIATICAL PARISH OF ST GEORGE THE MARTYR, SHIRLEY, CHARITY NUMBER 1134140 FOR THE YEAR ENDED 31st DECEMBER 2023
## **Principal Accounting Policies**
## **Basis of accounting**
These financial statements have been prepared under the historical cost convention with items recognised at cost or transaction value unless otherwise stated in the relevant note(s) to these accounts.
The financial statements have been prepared in accordance with the Church Accounting Regulations 2016 together with applicable standards and Charities SORP (FRS 102).
The charity constitutes a public benefit entity as defined by FRS 102.
## **Going concern**
The trustees have prepared the accounts on the going concern basis, and have determined that there are no material uncertainties in respect of going concern. The trustees have made this assessment for a period of more than 12 months from the date of signature of these financial statements.
## **Income**
## **Grants and donations**
Grants and donations are only included in the Statement of Financial Activities when the general income recognition criteria are met.
## **Tax reclaims on donations and gift**
Gift Aid receivable is included in income when there is a valid declaration from the donor.
## **Income from interest, royalties and dividends**
This is included in the accounts when receipt is probable and the amount receivable can be measured reliably.
## **Settlement of insurance claims**
Insurance claims are only included in the Statement of Financial Activities when the general income recognition criteria are met and are included as an item of other income in the Statement of Financial Activities.
## **Investment gains and losses**
This includes any realised gains or losses on the sale of investments, and any gain or loss resulting from the revaluation of investments to market value at the end of the year.
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ANNUAL REPORT OF THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIATICAL PARISH OF ST GEORGE THE MARTYR, SHIRLEY, CHARITY NUMBER 1134140 FOR THE YEAR ENDED 31st DECEMBER 2023
## **Expenditure and Liabilities**
## **Liability recognition**
Liabilities are recognised where it is more likely than not that there is a legal or constructive obligation committing the charity to pay out resources and the amount of the obligation can be measured with reasonable certainty.
## **Governance and support costs**
Governance costs comprise all costs involving public accountability of the charity and its compliance with regulation and good practice.
Support costs include central functions and have been allocated to activity cost categories on a basis consistent with the use of resources.
## **Redundancy costs**
The charity made no redundancy payments during the reporting period.
## **Deferred income**
No material item of deferred income has been included in the accounts.
## **Creditors**
The charity has creditors which are measured at settlement amounts less any trade discounts.
## **Basic financial instruments**
The charity accounts for basic financial instruments on initial recognition as per paragraph 11.7 of the Charities SORP. Subsequent measurement is as per paragraphs 11.17 to 11.19 of the Charities SORP.
## **Assets**
## **Tangible fixed assets**
Tangible fixed assets are capitalised if they can be used for more than one year, and cost at least £500. Assets are included in the accounts at costs and are depreciated over the following term:
Fixtures and fittings (sound system and livestreaming equipment) – over 10 years on a straight line basis
Fixtures and fittings (chairs, trolleys and tables) – over 15 years on a straight line basis
Costs for the proposed North Wall Annexe project will be capitalised once the full faculty has been granted from the Diocese of Southwark, and all conditions have been met.
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ANNUAL REPORT OF THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIATICAL PARISH OF ST GEORGE THE MARTYR, SHIRLEY, CHARITY NUMBER 1134140 FOR THE YEAR ENDED 31st DECEMBER 2023
## **Investments**
Fixed asset investments in quoted shares, traded bonds and similar investments are valued at initially at cost and subsequently at fair value (their market value) at the year end. The same treatment is applied to unlisted investments unless fair value cannot be measured reliably in which case it is measured at cost less impairment.
## **Debtors**
Debtors (including trade debtors and loans receivable) are measured on initial recognition at settlement amount after any trade discounts or amount advanced by the charity. Subsequently, they are measured at the cash or other consideration expected to be received.
## **VAT**
All expenditure is stated inclusive of VAT. The PCC has successfully applied for a VAT exemption for the new annexe. Future build costs for the annexe will be stated net of VAT.
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ANNUAL REPORT OF THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIATICAL PARISH OF ST GEORGE THE MARTYR, SHIRLEY, CHARITY NUMBER 1134140 FOR THE YEAR ENDED 31st DECEMBER 2023
## **Notes to the accounts**
## **1. Income from donations and legacies**
**General funds Designated funds Restricted funds Endowment funds Total 2023 Total 2022**
||**£**|**£**|**£**|**£**|**£**|**£**|
|---|---|---|---|---|---|---|
|Donations|55,787|11,004|2,408|-|**69,199**|52,647|
|Gift aid|8,633|-|-|-|**8,633**|15,750|
|Grants|-|-|2,907|-|**2,907**|52,808|
|**Total**|**64,420**|**11,004**|**5,315**|**-**|**80,739**|**121,205**|
In 2022, all income from donations and legacies was unrestricted except for £6,816 of restricted donations income, and £1,500 of restricted grants.
## **2. Income from charitable activities**
||**General funds**
**£**
**Designated funds**
**£**
**Restricted funds**
**£**
**Endowment funds**
**£**
**Total 2023**
**£**
**Total 2022**
**£**|
|---|---|
|Fees
Other
**Total**|820
-
-
-
**820**
4,304
-
-
-
-
**-**
118|
||**820**
**-**
**-**
**-**
**820**
**4,422**|
In 2022, all income from charitable activities was unrestricted.
## **3. Income from other trading activities**
||**General**
**funds**
**£**
**Designated**
**funds**
**£**
**Restricted**
**funds**
**£**
**Endowment**
**funds**
**£**
**Total**
**2023**
**£**
**Total**
**2022**
**£**|
|---|---|
|Fundraising income from
hall lettings
Magazine
Other
**Total**|-
19,694
-
-
**19,694**
20,403
405
-
-
-
**405**
244
3,319
-
-
-
**3,319**
803|
||**3,724**
**19,694**
**-**
**-**
**23,418**
**21,450**|
In 2022, all income from other trading activities was unrestricted.
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ANNUAL REPORT OF THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIATICAL PARISH OF ST GEORGE THE MARTYR, SHIRLEY, CHARITY NUMBER 1134140 FOR THE YEAR ENDED 31st DECEMBER 2023
## **4. Income from investments**
||**General**
**funds**
**£**
**Designated**
**funds**
**£**
**Restricted**
**funds**
**£**
**Endowment**
**funds**
**£**
**Total**
**2023**
**£**
**Total**
**2022**
**£**|
|---|---|
|Interest income
Dividend income
Rental and leasing
income
**Total**|10,239
-
117
-
**10,356**
171
3,614
-
-
-
**3,614**
7,569
250
-
-
-
**250**
250|
||**14,103**
-
**117**
**-**
**14,220**
**7,990**|
In 2022, all income from investments was unrestricted, except for £95 of restricted interest income.
## **5. Gain on sale of fixed assets**
||**General**
**funds**
**£**
**Designated**
**funds**
**£**
**Restricted**
**funds**
**£**
**Endowment**
**funds**
**£**
**Total**
**2023**
**£**
**Total**
**2022**
**£**|
|---|---|
|Gain on disposal of a
tangible fixed asset
**Total**|-
-
-
-
**-**
1,484|
||**-**
**-**
**-**
**-**
**-**
**1,484**|
In 2022, all income from the sale of fixed assets was unrestricted.
## **6. Expenditure on raising funds**
||**General**
**funds**
**£**
**Designated**
**funds**
**£**
**Restricted**
**funds**
**£**
**Endowment**
**funds**
**£**
**Total**
**2023**
**£**
**Total**
**2022**
**£**|
|---|---|
|Staff costs
Other trading
activities
Costs of applying for
grants
**Total**|10,265
50
-
-
**10,315**
4,617
2,569
106
601
-
**3,276**
1,371
-
-
-
-
**-**
4,991|
||**12,834**
**156**
**601**
**-**
**13,591**
**10,979**|
In 2022, all expenditure on raising funds was unrestricted, except for £700 spent on other trading activities.
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ANNUAL REPORT OF THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIATICAL PARISH OF ST GEORGE THE MARTYR, SHIRLEY, CHARITY NUMBER 1134140 FOR THE YEAR ENDED 31st DECEMBER 2023
## **7. Expenditure on charitable activities**
||**General**
**funds**
**£**
**Designated**
**funds**
**£**
**Restricted**
**funds**
**£**
**Endowment**
**funds**
**£**
**Total**
**2023**
**£**
**Total**
**2022**
**£**|
|---|---|
|Contribution to Parish
Support Fund
Church running costs
Hall running costs
Clergy expenses
Music
Staff costs
Church expenses
Administrative expenses
Other
Governance costs
Donations
Capital project fund
expenses
Depreciation
**Total**|36,000
-
-
-
**36,000**
40,000
18,736
3,100
2,100
-
**23,936**
16,399
-
12,266
420
-
**12,686**
6,209
1,480
15
-
-
**1,495**
2,474
-
-
-
-
**-**
524
5,408
-
-
-
**5,408**
9,462
2,658
1,670
2,042
-
**6,370**
1,846
3,390
-
-
-
**3,390**
3,588
-
-
-
-
**-**
3,390
350
-
-
-
**350**
350
1,800
2,098
-
-
**3,898**
1,599
-
10,800
440
-
**11,240**
23,527
-
5,564
-
-
**5,564**
5,564|
||**69,822**
**35,513**
**5,002**
**-**
**110,337**
**114,932**|
In 2022, all expenditure on charitable activities was unrestricted, except for £370 spent on other costs, and £5,426 spent on capital project fund expenses.
## **8. Fees for examination of the accounts**
||**Total 2023**
**£**
**Total 2022**
**£**|
|---|---|
|Independent examiner’s fees
**Total**|350
350|
||**350**
**350**|
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ANNUAL REPORT OF THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIATICAL PARISH OF ST GEORGE THE MARTYR, SHIRLEY, CHARITY NUMBER 1134140 FOR THE YEAR ENDED 31st DECEMBER 2023
## **9. Staff costs**
||**Total 2023**
**£**
**Total 2022**
**£**|
|---|---|
|Salaries and wages
**Total**|15,723
14,079|
||**15,723**
**14,079**|
No employees received employee benefits (excluding employer pension costs) for the reporting period of more than £60,000.
For amounts paid to trustees as part of staff costs, see the related party transactions note.
The average headcount in the year was as follows:
||**Total 2023**
**Total 2022**|
|---|---|
|Fundraising
Charitable activities
**Total**|1
0.5
1
1.5|
||**2.0**
**2.0**|
## **10. Tangible fixed assets**
||**Fixtures, fittings**|**Total**|
|---|---|---|
||**and equipment**|**£**|
||**£**||
|Cost at 1 January 2023|78,466|**78,466**|
|Cost at 31 December 2023|78,466|**78,466**|
|Accumulated depreciation at 1 January 2023|5,564|**5,564**|
|Charge for the year|5,564|**5,564**|
|Accumulated depreciation at 31 December|11,128|**11,128**|
|2023|||
|Net book value at 31 December 2022|**72,902**|**72,902**|
|Net book value at 31 December 2023|**67,338**|**67,338**|
14
ANNUAL REPORT OF THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIATICAL PARISH OF ST GEORGE THE MARTYR, SHIRLEY, CHARITY NUMBER 1134140 FOR THE YEAR ENDED 31st DECEMBER 2023
## **11. Investments**
||**Total 2023**
**£**|
|---|---|
|Market value at 1 January 2023
Unrealised gain/(loss)
**Market value at 31 December 2023**|67,665
1,162|
||**68,827**|
In both 2023 and 2022, all investments were listed investments held at fair value.
## **12. Debtors**
||||**Total 2023**
**£**
**Total 2022**
**£**|
|---|---|---|---|
|Prepayments and accrued income
**Total**
**13. Cash at bank and in hand**|||5,359
16,593|
||||**5,359**
**16,593**
**Total 2023**
**£**
**Total 2022**
**£**|
|Cash at bank and in hand
**Total**
**14. Creditors due within one year**|||376,136
362,843|
||||**376,136**
**362,843**
**Total 2023**
**£**
**Total 2022**
**£**|
|Accruals and deferred income
**Total**|||3,090
1,864|
||||**3,090**
**1,864**|
In 2022, £636 of income was deferred where lettings income was received in advance for bookings in 2023. This was released in 2023, and there is no such deferred income as at 31 December 2023.
15
ANNUAL REPORT OF THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIATICAL PARISH OF ST GEORGE THE MARTYR, SHIRLEY, CHARITY NUMBER 1134140 FOR THE YEAR ENDED 31st DECEMBER 2023
## **15. Movement in funds**
||**As at 1**
**January**
**2023**
**£**
**Income**
**£**
**Expenditure**
**£**
**Transfers, gains and**
**losses**
**£**
**As at 31 December**
**2023**
**£**|
|---|---|
|**Unrestricted funds**
General fund
**Designated funds**
Organ and music fund
Building fund
Overseas missions fund
Church flower fund
Pop In fund
Church hall general fund
Amity balanced fund
Gift day fund
Capital projects fund
Little dragons fund
Tangible fixed asset fund
Eco Group fund
Other
Food Bank fund
**Endowment funds**
CK endowment fund
**Restricted funds**
Church hall appeal fund
Capital projects restricted fund
Missen Fund
Buildings restricted fund
Other
Pop In restricted fund
**Total**|3,637 83,067
(82,656)
14,946
**18,994**
88
-
-
(88)
**-**
-
6,554
(3,100)
-
**3,454**
1,363
495
(1,257)
-
**601**
634
498
(710)
105
**527**
1,191
945
(960)
(100)
**1,076**
9,255 19,694
(12,316)
(13,454)
**3,179**
14,628
-
-
1,545
**16,173**
7,565
-
-
-
**7,565**
369,859
-
(10,800)
-
**359,059**
161
655
(15)
(801)
**-**
72,902
-
(5,564)
-
**67,338**
-
323
(210)
-
**113**
-
549
(105)
(444)
**-**
-
985
(631)
-
**354**
26,712
-
-
(627)
**26,084**
3,242
1,860
(1,020)
-
**4,082**
-
440
(440)
-
**-**
5,652
1,015
(988)
80
**5,758**
2,100
(2,100)
-
**-**
-
17
(17)
-
**-**
1,250
-
(1,038)
-
**212**|
||**518,139** **119,197**
**(123,928)**
**1,162**
**514,570**|
16
ANNUAL REPORT OF THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIATICAL PARISH OF ST GEORGE THE MARTYR, SHIRLEY, CHARITY NUMBER 1134140 FOR THE YEAR ENDED 31st DECEMBER 2023
||**As at 1**
**January**
**2022**
**£**
**Income**
**£**
**Expenditure**
**£**
**Transfers, gains and**
**losses**
**£**
**As at 31 December**
**2022**
**£**|
|---|---|
|**Unrestricted funds**
General fund
**Designated funds**
Organ and music fund
Building fund
Overseas missions fund
Church flower fund
Pop In fund
Church hall general fund
Amity balanced fund
Gift day fund
Capital projects fund
Little dragons fund
Tangible fixed asset fund
**Endowment funds**
CK endowment fund
**Restricted funds**
Church hall appeal fund
Capital projects restricted fund
Missen Fund
Pop In restricted fund
**Total**|1,360 127,076
(87,959)
(36,840)
3,637
212
170
(294)
-
88
9,901
-
(1,380)
(8,521)
-
735
717
(89)
-
1,363
882
469
(717)
-
634
1,101
90
-
-
1,191
5,990
19,457
(10,875)
(5,317)
9,255
42,589
-
-
(27,961)
14,628
7,561
-
-
-
7,565
387,960
-
(18,101)
-
369,859
-
161
-
-
161
-
-
-
72,902
72,902
28,287
-
-
(1,575)
26,712
2,682
1,260
(700)
-
3,242
-
5,426
(5,426)
-
-
6,200
225
(120)
(653)
5,652
-
1,500
(250)
-
1,250|
||**495,464** **156,551**
**(125,911)**
**(7,965)**
**518,139**|
17
ANNUAL REPORT OF THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIATICAL PARISH OF ST GEORGE THE MARTYR, SHIRLEY, CHARITY NUMBER 1134140 FOR THE YEAR ENDED 31st DECEMBER 2023
The funds of the church are held for the following purposes:
## **Designated funds**
Organ and music fund – designated for use on music and the maintenance of the organ.
Building fund – designated for expenditure on building maintenance.
Overseas mission fund – designated for expenditure on donations for overseas missions.
Church flower fund – designated for expenditure on church flowers.
Pop In fund – designated for expenditure on the Pop In.
Church hall general fund – designated for expenditure on the church hall.
Amity balanced fund – money set aside from a bequest to the church.
Gift day fund – designated for use on Gift Day projects.
Capital projects fund – money set aside from the sale of the Church Cottage, designated for use on the new hall and Annexe projects.
Little Dragons fund – designated for Little Dragons toddler group.
Tangible fixed assets fund – being the net book value of the church’s tangible fixed assets.
Eco Group fund – designated for use by the Eco Group.
Food Bank fund – funds raised for donation to the Shrublands Food Bank.
## **Endowment fund**
CK endowment fund – funds from a bequest made to the church.
## **Restricted funds**
Church hall appeal fund – for use on the maintenance on the church hall.
Capital projects restricted fund – for use on the new hall and Annexe projects.
Missen Fund – to be spent on children’s ministry costs.
Buildings restricted fund – money raised for building projects from restricted grants.
Pop In restricted fund – funds received for the Pop In from a restricted grant.
18
ANNUAL REPORT OF THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIATICAL PARISH OF ST GEORGE THE MARTYR, SHIRLEY, CHARITY NUMBER 1134140 FOR THE YEAR ENDED 31st DECEMBER 2023
## **16. Related party transactions**
During 2023, Jan Payne, who is trustee, was also employed as Hall Manager and Church Administrator. Remuneration of £10,027 was paid during the year (2022: £9,525).
£172 of expenses were paid to three trustees during 2023. There were no trustee expenses incurred in 2022. Note that this does not include expenses claimed by the clergy for fulfilling their duties as members of the clergy.
The aggregate value of donations by PCC members was £12,470 (2022: £14,003).
There have been no other related party transactions during the period.
19