2023-12-31-accounts - The Parochial Church Council Of The Ecclesiastical Parish Of All Saints With St Philip Maidstone And St Stephen Tovil

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Docusign Envelope ID: 3550140D-3FFB-8E3D-8262-0A83C191EF51

THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF ALL SAINTS WITH ST PHILIP MAIDSTONE AND ST STEPHEN TOVIL

CHARITY NO. 1134146

ANNUAL REPORT AND ACCOUNTS YEAR ENDED 31 DECEMBER 2023

Docusign Envelope ID: 3550140D-3FFB-8E3D-8262-0A83C191EF51

THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF ALL SAINTS WITH ST PHILIP MAIDSTONE AND ST STEPHEN TOVIL

Contents
	Page
Trustees' report	3
Independent Examiner's Report	6
Statement of Financial Activities	7
Balance Sheet	8
Cash flow statement	9
Notes to the financial statements	10

Docusign Envelope ID: 3550140D-3FFB-8E3D-8262-0A83C191EF51

THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF All SAINTS WITH ST PHILIP MAIDSTONE AND ST STEPHEN TOVIL

Trustees' Report for the year ended 31 December 2023

This report covers the financial period ending 31 December 2023 including the unaudited accounts for the same period. The report and financial statements have been prepared in compliance with the current statutory requirements, the requirements of charity's governing document and the provisions of the Statement of Recommended Practice (SORP), applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019).

History, objects and constitution

The Parochial Church Council (PCC) is a corporate body established by the Church of England. It is a registered charity, following registration with the Charity Commission on 5 February 2010; previously it was regarded as an excepted charity. Throughout this annual report the charity is referred to as the PCC.

The PCC's governing document is the Parochial Church Council Powers Measure (1956) as amended and Church representation rules.

The main objective of the PCC is to promote the whole mission of the Church in the ecclesiastical parish. It also has the responsibility of co-operating with the Incumbent/Priest-in-Charge in promoting the whole mission of the Church (pastoral, evangelistic, social and ecumenical) in this parish.

The nature of the PCC's operations and its principal activity is acting as the executive committee of the parish and it consists of clergy and churchwardens of the parish, together with representatives of the laity. The PCC is responsible for the financial affairs of the Church parish and the maintenance of its assets, such as the churches and church halls. It also assists the clergy in the management of church affairs in the parish and promoting the mission of the Church.

Trustees, governance and structure

PCC members who have served at any time from 1 January 2023 until the date this report was approved are:

*Trustee*	*Role*
Revd. J.S Richardson(retired 31 January2025)	Clergy (Ex-oficio)and Chair
Revd. LindsayLlewellyn-Macduf(appointed 2 June 2026)	Clergy (Ex-oficio)and Chair since 2.6.26
D.J. Joy	Churchwarden and LayVice Chair
R.J. Philo	Churchwarden
C.J. James	DeputyChurchwarden All Saints
G.A. Lay	DeputyChurchwarden All Saints
T.D. Vardy	Deputy Churchwarden St. Philip's, Treasurer from 22 January2026
S. Richards(resigned 1 December 2025)	DeputyChurchwarden St. Philip's
D.F. Freed	DeputyChurchwarden St. Stephen's
R. B. Ratclife
J. Stevens	PCC Secretary
P.A. Fletcher
L.H. Marchant(deceased 21 January2025)	Treasurer
S. Heather (resigned 31 January 2025)	Co-opted as Headteacher of Archbishop CourtneySchool,the Church School

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THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF All SAINTS WITH ST PHILIP MAIDSTONE AND ST STEPHEN TOVIL

Trustees' Report for the year ended 31 December 2023

*Trustee*	*Role*
D. Gillies(resigned 31 January2025)	Co-opted as Reader
P. R. Ryan(appointed 25 May2025)
J. B. Warne(appointed 25 May2025,resigned 8 June 2026)
D. A. Davies(appointed 25 May2025)
G. D. Heath(appointed 25 May2025)
C. V. Green(appointed 25 May2025)

The Trustees meet regularly throughout the year, and the powers and discretions vested in the Trustees are exercisable by a majority in number of the Trustees. This includes any decision to appoint an additional or new Trustees. All decisions are made in meetings and are minuted.

The PCC members are responsible for making decisions on all matters of general concern and importance to the parish, including deciding on how the funds of the PCC are to be spent.

The full PCC met five times during the year with an average level of attendance of eight members. Given its wide responsibilities the PCC has a committee -the Standing Committee dealing with a particular aspect of parish life including worship, mission and outreach and fabric and finance responsible for making decisions between meetings of the PCC. The Standing Committee is responsible to the PCC and reports back to it regularly, minutes of their decisions being received by the full PCC and discussed as necessary.

Achievements and performance

There have been no significant works carried out during 2023. Towards the end of 2023 a community café was launched held on Saturdays to help build community ties but will also generate some income for the church.

Financial review

In 2022 due to the income generated for the roof project being in excess of £250k, the accounts were prepared under the accruals basis and in full compliance with the Charity SORP for the first time. 2023 has returned to more normal levels of £135,546, compared to £566,096 in 2022.

Expenditure for the year is £146,251, compared to £617,138 in 2022, with prior year expenditure substantially including £501,214 for the roof project. Current year expenditure includes a further £12,134 of expenses related to this project. Expenditure also includes the Diocesan Parish contribution of £21,282 (2022: £17,600) together with the usual running costs.

The overall net movement in funds is a deficit of £10,705 in the year; however a net surplus of £1,429 was achieved on unrestricted funds.

Reserves policy

It is PCC policy to try to maintain a balance on 'free' unrestricted reserves although in recent years it has proved challenging to achieve this. The surplus on unrestricted funds during the year ended 31 December

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THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF All SAINTS WITH ST PHILIP MAIDSTONE AND ST STEPHEN TOVIL

Trustees' Report for the year ended 31 December 2023

2023 means that at the year-end we carried forward unrestricted funds of £19,835, which the trustees are happy with. These funds are required to smooth out fluctuations in cash flow and to meet emergencies.

The PCC also held a deficit of £43,059 in restricted funds. This has arisen where restoration costs have been incurred in respect of the roof project, financed via a bridging loan (see note 5), in advance of the final grant funding. The final tranche of grant funding has not been recognised as income since the PCC does not have entitlement until the grant claim has been accepted and authorised, but it is anticipated that the receipt of the grant money will clear the deficit on restricted funds.

Future plans

The Quinquennial report suggests £6million of work to be programmed over the next five years. However, funds and reserves are small and no serious major grants are available from National or Local Trusts until late 2025 at the earliest so in the meantime we focus on essentials and any emergencies that arise.

Approved by the PCC and signed on their behalf by:

T Vardy Treasurer

D Joy Churchwarden and Lay Vice Chair

Date: 23 June 2026

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INDEPENDENT EXAMINER’S REPORT TO THE TRUSTEES OF THE PAROCHIAL CHURCH COUNCIL OF ALL SAINTS WITH ST PHILIP, MAIDSTONE.

I report to the Trustees on my examination of the accounts of The Parochial Church Council Of All Saints With St Philip, Maidstone (the Charity) for the year ended 31 December 2023.

Responsibilities and Basis of Report

As the Charity’s Trustees, you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 (‘the 2011 Act’). You are satisfied that your charity is not required by charity law to be audited and have chosen instead to have an independent examination.

I report in respect of my examination of the Charity’s accounts as carried out under section 145 of the 2011 Act. In carrying out my examination I have followed the requirements of the applicable Directions given by the Charity Commission under section 145(5)(b) of the 2011 Act.

I am qualified to undertake the examination by being a qualified member of the Institute of Chartered Accountants in England & Wales.

My responsibility is to examine the accounts under section 145 of the 2011 Act and to state whether any particular matters have come to my attention.

Independent Examiner’s Statement

I have completed my examination. I can confirm that no matters have come to my attention in connection with the examination giving me cause to believe that in any material respect:

1) accounting records were not kept in respect of the Charity as required by section 130 of the 2011 Act; or
2) the accounts do not accord with those records; or
3) the accounts do not comply with the applicable requirements concerning the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the accounts give a 'true and fair' view which is not a matter considered as part of an independent examination.

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

Allan R. Hickie BSc FCA UHY Hacker Young Thames House, Roman Square, Sittingbourne, Kent.

Date: 23 June 2026

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THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF ALL SAINTS WITH ST PHILIP MAIDSTONE AND ST STEPHEN TOVIL

Statement of Financial Activities for the Year Ended

31 December 2023

Note Incoming resources Voluntary income 3a Activities for generating funds 3b Investment income 3c Church activities 3d Total incoming resources Resources expanded Church activities 4 Total expended resources Net expended resources before transfers Transfers between funds Net movement in funds Balance b/fwd 1 January Balance c/fwd 31 December	Unrestricted funds 57,712 130 636 77,068 135,546 134,117 134,117 1,429 - 1,429 18,406 19,835	Restricted funds - - - - - 12,134 12,134 (12,134) - (12,134) (30,925) (43,059)	Total funds 2023 57,712 130 636 77,068 135,546 146,251 146,251 (10,705) - (10,705) (12,519) (23,224)	Total funds 2022 as restated 536,097 682 91 73,837
				610,707
				617,138
				617,138
				(6,431) -
				(6,431)
				(6,088)
				(12,519)

The Statement of financial activities includes all gains and losses recognised in the year.

The notes on pages 10 to 15 form part of these financial statements.

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THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF ALL SAINTS WITH ST PHILIP MAIDSTONE AND ST STEPHEN TOVIL

Balance Sheet at 31 December 2023

Note Current assets Debtors 5 Cash at bank and in hand Current liabilities Creditors 6 Total net assets Represented by parish funds Unrestricted 7 Restricted - roof project 7	Unrestricted funds - 74,776 74,776 5,000 69,776	Restricted funds - - 93,000 (93,000)	Total funds 2023 - 74,776 74,776 98,000 (23,224) 19,835 (43,059) (23,224)	Total funds 2022 3,000 79,981
				82,981
				95,500
				(12,519)
				18,406 (30,925)
				(12,519)

The financial statements were approved and authorised for issue by the Trustees and signed on their behalf by:

T Vardy D Joy Treasurer Churchwarden and Lay Vice Chair

Date 23 June 2026

The notes on pages 10 to 15 form part of these financial statements.

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THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF ALL SAINTS WITH ST PHILIP MAIDSTONE AND ST STEPHEN TOVIL

Statement of Cash Flows for the Year Ended 31 December 2023

Note Cash flows from operating activities: Net cash provided by operating activities Cash flows from investing activities Interst received Cash flows from financing activities Cash inflows from new borrowing Net cash provided by financing activities Change in cash and cash equivalents in the reporting period Cash and cash equivalents at 01 January 2023 Cash and cash equivalents at 31 December 2023 Reconciliation of net movements in funds to net cash flow from operating activities Net movement in funds for the year ended 31 December 2023 Interest received (increase)/decrease in debtors (increase)/decrease in creditors Net cash provided by operating activities Analysis of cash and cash equivalents: Cash at bank and in hand	Total funds 2023 (5,842) 636 - - (5,205) 79,981 74,776 (10,705) (636) 3,000 2,500 (5,842) 74,776	Total funds 2022 (26,365)
		91
		93,000
		93,000
		66,726 13,255
		79,981
		(6,431) (91) (3,000) (16,843)
		(26,365)

		79,981

Docusign Envelope ID: 3550140D-3FFB-8E3D-8262-0A83C191EF51

THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF ALL SAINTS WITH ST PHILIP MAIDSTONE AND ST STEPHEN TOVIL

Notes to the financial statements

for the year ended 31 December 2023

1. General information

The Parochial Church Council Of The Ecclesiastical Parish Of All Saints With St Philip Maidstone And St Stephen Tovil is a charity, registered in England and Wales, registration number 1134146. Its principal office and contact address is 2 Bower Mount Road, Maidstone, Kent. ME16 8AU.

2. Accounting policies

Basis of financial statements

The financial statements have been prepared under the Church Accounting Regulations 2006 in accordance with applicable accounting standards and the current Statement of Recommended Practice, Accounting and Reporting by Charities and applicable accounting standard FRS 102.

The financial statements have been prepared under the historical cost convention. The financial statements include all transactions, assets and liabilities for which the PCC is responsible in law. They do not include the accounts of church groups that owe their main affiliation to another body, nor those that are informal gatherings of church members.

This is the first year that the accounts have been prepared using the accruals accounting method.

Incoming resources

Planned giving, collections and similar donations are recognised when received. Tax refunds are recognised when the incoming resource to which they relate is received. Grants and legacies are accounted for when the PCC is entitled to the use of the resources, their ultimate receipt is considered reasonably certain and the amounts due are readily quantifiable. Dividends are accounted for when declared receivable, interest as and when accrued by the payer. All incoming resources are accounted for gross.

Resources expended

Grants and donations are accounted for when paid over, or when awarded, if that award creates a binding or constructive obligation on the PCC. The diocesan parish share expected to be paid over is accounted for when due. All other expenditure is generally recognised when it is incurred and is accounted for gross.

Fixed assets

Consecrated and benefice property is not included in the accounts in accordance with s.10(2)(a) and (c) of the Charities Act 2011.

Movable church furnishings held by the vicar and churchwardens on special trust for the PCC and which require a faculty for disposal are inalienable property, listed in the church's inventory, which can be inspected (at any reasonable time). For anything acquired prior to 2000 there is insufficient cost information available and therefore such assets are not valued in the financial statements. Subsequently no individual item has cost more than £1,000 so all such expenditure has been written off when incurred.

Individual items of equipment with a purchase price of £500 or less are written off when the asset is acquired.

Fund accounting

Restricted funds comprise revenue donations or grants for a specific PCC activity intended by the donor.

Unrestricted funds are income funds that are to be spent on the PCC's general purposes.

Docusign Envelope ID: 3550140D-3FFB-8E3D-8262-0A83C191EF51

THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF ALL SAINTS WITH ST PHILIP MAIDSTONE AND ST STEPHEN TOVIL

Income for the Year Ended 31 December 2023

Note 3 Incoming resources a) Voluntary income Grants for roof restoration project Grant from Friends of St. Philip's Community Centre Grant from The Friends of Kent Church Planned giving Collections at services Donations for roof project Other donations Legacies Gift Aid recovered Other b) Activities for generating funds Concert for the roof Shop C) Investment income Bank interest d) Church activities Fee income Use of church Church hall PCC fees St Philip's centre Total income	Unrestricted funds - - - 34,768 3,245 8 5,075 3,022 10,795 799 57,712 - 130 130 636 636 47,700 9,537 1,376 3,450 15,006 77,068 135,546	Restricted funds - - - - - - - - - - - - - - - - - - - - - -	Total funds 2023 - - - 34,768 3,245 8 5,075 3,022 10,795 799 57,712 - 130 130 636 636 47,700 9,537 1,376 3,450 15,006 77,068 135,546	Total funds 2022 as restated 429,526 12,170 - 38,051 2,838 27,990 3,303 10,000 12,135 84
				536,097
				603 79
				682
				91
				91
				44,611 8,627 60 3,454 17,085
				73,837

				610,707

Notes: the prior year has been restated to include fee income of £44,611 that previously had not been shown as income, this had been netted with related expenditure in the 2022 accounts. Correspondending expenditure has been included in note 4.

Docusign Envelope ID: 3550140D-3FFB-8E3D-8262-0A83C191EF51

THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF ALL SAINTS WITH ST PHILIP MAIDSTONE AND ST STEPHEN TOVIL

Expenditure for the Year Ended 31 December 2023

Note 4

Church activity expenses Roof project Church activity expenses relating to fee income Repairs and maintenance Diocesan Parish contribution Insurance Utility costs Clergy and staffing costs St Philip's Centre running costs Upkeep of services Church hall Office Expenses Bank Charges Independent examiner's fee Charity giving Other	Unrestricted funds 47,700 10,920 21,282 18,540 10,905 10,186 8,383 899 1,269 904 306 2,500 10 314 134,117	Restricted funds 12,134 12,134	Total funds 2023 12,134 47,700 10,920 21,282 18,540 10,905 10,186 8,383 899 1,269 904 306 2,500 10 314 146,251	Total funds 2022 as restated 501,214 44,611 1,232 17,600 18,227 9,308 8,018 11,831 852 632 794 309 2,500 10 -
				617,138

Notes: the prior year has been restated to include church activity expenses of £44,611 that previously had not been shown as expenditure, this had been netted with related income in the 2022 accounts. Correspondending income has been included in note 3 under church activities.

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THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF ALL SAINTS WITH ST PHILIP MAIDSTONE AND ST STEPHEN TOVIL

Note 5: Debtors for the Year Ended 31 December 2023

Debtors Diocesan Parish Share paid in advance	Unrestricted funds -	Restricted funds - - -	Total funds 2023 - - -	Total funds 2022 3,000 -
				3,000

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THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF ALL SAINTS WITH ST PHILIP MAIDSTONE AND ST STEPHEN TOVIL

Note 6: Creditors for the Year Ended

31 December 2023

Creditors Canterbury Diocese Board of Finance loan Independent Examiners Fee	Unrestricted funds - 5,000 5,000	Restricted funds 93,000 - 93,000	Total funds 2023 93,000 5,000 98,000	Total funds 2022 93,000 2,500
				95,500

The Canterbury Diocese Board of Finance loan relates to a bridging loan provided solely to cover expenditure incurred on the main nave roof repair project in advance of the final tranche of grant funding from the Heritage lottry Fund. The loan will be repaid once the final tranche of grant funding is received.

Docusign Envelope ID: 3550140D-3FFB-8E3D-8262-0A83C191EF51

THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF ALL SAINTS WITH ST PHILIP MAIDSTONE AND ST STEPHEN TOVIL

Note 7: Statement of funds 31 December 2023

Unrestricted fund Restricted funds	B/fwd 01.01.2023 18,406 (30,925) (12,519)	Income 135,546 - 135,546	Expenditure (134,117) (12,134) (146,251)	C/fwd 31.12.2023 19,835 (43,059)
				(23,224)

The roof project fund accounts for restricted grant funding and other income, together with related expenditure, for project to restore of one-third of the main nave roof.