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2023-12-31-accounts

Charity registration number 1134147

THE PAROCHIAL CHURCH COUNCIL OF ST. MARY AND ALL SAINTS PARISH CHURCH CHESTERFIELD ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023

ST. MARY AND ALL SAINTS PARISH CHURCH CHESTERFIELD

LEGAL AND ADMINISTRATIVE INFORMATION

The Parochial Church Council Reverend P Coleman Vicar Mr. J Gascoyne Lay Reader Mr. C McKenna Churchwarden Dr. M Wilkinson Mr. J Hague Lay Chairman & Churchwarden Mr. C Hutchinson Secretary Mrs. S Barrett Treasurer Mr. N Swann Mrs. K Crawshaw- Moore Mrs. J Crawshaw-Moore Mrs. L Wilkinson Mr. D Gavan Mr. Gregory McGhee (Appointed 14 May 2023) Mr. Timothy Ball (Appointed 14 May 2023) Mr. Roger Barrand (Appointed 14 May 2023) Charity number 1134147 Principal address The Parish Church of St. Mary and All Saints Church Way Chesterfield Derbyshire S40 1XJ Independent examiner John Henry Francis King Chartered Certified Accountant John H. F. King Chartered Certified Accountants 119 High Street Clay Cross Chesterfield Derbyshire S45 9DZ

ST. MARY AND ALL SAINTS PARISH CHURCH CHESTERFIELD

CONTENTS

Page
The Parochial Church Council report 1 - 4
Independent examiner's report 5
Statement of financial activities 6
Balance sheet 7
Statement of cash flows 8
Notes to the financial statements 9 - 19

ST. MARY AND ALL SAINTS PARISH CHURCH CHESTERFIELD

REPORT OF THE PAROCHIAL CHURCH COUNCIL FOR THE YEAR ENDED 31 DECEMBER 2023

The Parochial Church Council present their annual report and financial statements for the year ended 31 December 2023.

The financial statements have been prepared in accordance with the accounting policies set out in note 1 to the financial statements and comply with the Charities Act 2011 and Accounting and Reporting by Charities: Statement of Recommended Practice 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).

Objectives and activities

St. Mary and All Saints Parochial Church Council (PCC) has the responsibility, with the incumbent, of promoting in the ecclesiastical parish the whole mission of the Church of England; pastoral,evangelistic,social, and ecumenical. It also has the responsibility for St. Leonard's Mission Church, Spital and the Saints Parish Centre.

The PCC is committed to enabling as many people as possible to worship at our church and to become part of our parish community. The PCC maintains an overview of worship throughout the parish and makes suggestions on how our services can involve the many groups that live within our parish. Our services and worship put faith into practice through prayer and scripture, music and sacrament.

When planning our activities for the year, the 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. In particular, we try to enable ordinary people to live out their faith as part of our parish community through:

To facilitate this work it is important that we maintain the fabric of the church, St. Leonard's Mission Church, and the Saints Parish Centre.

Achievements and performance

Charitable Activities

MAJOR TOPICS DISCUSSED AND ACTIONED BY PCC DURING THE YEAR

ST. MARY AND ALL SAINTS PARISH CHURCH CHESTERFIELD

REPORT OF THE PAROCHIAL CHURCH COUNCIL FOR THE YEAR ENDED 31 DECEMBER 2023

Financial review

Financial Position

For the year ended 31 December 2023, the PCC had total incoming resources of £210,263 (2022 £247,875) and total resources expended of £217,569 (2022 £238,796) There were unrealised gains on investments of £22,080 (2022 unrealised losses £30,624) resulting in a net increase of funds for the year of £14,774 (2022 net decrease of funds £21,545).

Reserves Policy

It is considered that the unrestricted funds not committed or invested in assets (the free reserves) should be equivalent to the cost of maintaining for one year the activities directly relating to the work of the church together with the normal annual expenditure on outward giving and church administration. This would amount in total to £150,000 which the PCC considers to be the appropriate level bearing in mind the uncertain nature of much of its general income and the increased reliance on income generated from trading activities. So far as the balance of free reserves is concerned, the PCC is of the opinion that this amount will be wholly used in the completion of maintenance and refurbishment works to the church building.

Structure, governance and management

Governing document

The charity is an unincorporated charity directly responsible to The Church of England.

Organisational structure

MEMBERSHIP OF THE PAROCHIAL CHURCH COUNCIL

Members are either elected by the Annual Parochial Church Meeting in accordance with the Church Representation Rules, co-opted, invited or are ex officio.

ST. MARY AND ALL SAINTS PARISH CHURCH CHESTERFIELD

REPORT OF THE PAROCHIAL CHURCH COUNCIL

FOR THE YEAR ENDED 31 DECEMBER 2023

The Parochial Church Council who served during the year and up to the date of signature of the financial statements were:

CLERGY

Reverend Patrick Coleman - Incumbent

PARISH READER Mr. John Gascoyne

CHURCHWARDENS Mr. Colin McKenna Dr. Malcolm Wilkinson (Resigned May 2023) Mr. John Hague ( Appointed May 2023) Continuing as Lay Chairman

REPRESENTATIVES OF NORTH EAST DERBYSHIRE SYNOD Mr. John Gascoyne (Also Diocesan Synod) Mr. Nigel Swann Mrs. Catherine Longstaff (Resigned May 2023) Mr. Gregory McGhee (Appointed May 2023)

ELECTED MEMBERS

Mrs. Sheila Barrett (Treasurer) Mr. Chris Hutchinson (Secretary) Ms. Kathy Crawshaw- Moore Ms. Jo Crawshaw- Moore Mrs. Linda Wilkinson Mrs. Rebecca Landers (Resigned May 2023) Mr. Dominic Gavan Mr. Timothy Ball (Appointed May 2023) Mr. Roger Barrand (Appointed May 2023) Dr. Malcolm Wilkinson (Appointed May 2023)

The PCC meets monthly except for months with insufficient business, the APCM or other agreed reasons and is able to call extraordinary meetings if and when necessary.

ST. MARY AND ALL SAINTS PARISH CHURCH CHESTERFIELD

REPORT OF THE PAROCHIAL CHURCH COUNCIL FOR THE YEAR ENDED 31 DECEMBER 2023

Decision making

PCC COMMITTEES

Normally these meet between regular PCC meetings as required.

STANDING COMMITTEE

Membership: Vicar, Churchwardens, Treasurer, PCC Secretary and Lay Chairman. This statutory committee has power to transact PCC business, subject to any directions given by the PCC.

FINANCE COMMITTEE

Membership: As standing committee.

The committee overseas the general financial work of the parish, by monitoring income and expenditure, budgeting and advising on investment of church funds.

ST. LEONARD'S MANAGEMENT COMMITTEE

Membership: Vicar, Churchwardens, Secretary all members of the congregation. Responsible to PCC for the fabric and management of St. Leonard's Mission Church.

THE SAINTS PARISH CENTRE AND COFFEE SHOP

The Saints Parish Centre is managed by the church office and overseen by the Vicar.

CHURCH SHOP

Run by the Shop Manager (Mr. Colin McKenna) for PCC.

OTHER GROUPS RESPONSIBLE TO PCC Bell-Ringers Parish Church Choir Flower Guild

MEETINGS

PCC met seven times during the year with an average attendance of 92%. Eight members recorded 100% attendance at the meetings.

As well as PCC meetings:

Standing Committee (STACOM) met twice and FINCOM once.

Church Attendance

The Electoral Roll presented at the Annual Meeting in 2023 lists 113 parishioners. The average combined weekly attendance at the Parish Church and St. Leonard's as taken during October was 120 adults and 12 young persons.

Risk Management

The PCC have a duty to identify and review the risks to which the church is exposed and to ensure appropriate controls are in place to provide reasonable assurance against fraud and error.

Approved by order of the Parochial Church Council and signed on its behalf by:

..............................

Mr. J Hague Lay Chairman & Churchwarden

Date: .............................................

ST. MARY AND ALL SAINTS PARISH CHURCH CHESTERFIELD

INDEPENDENT EXAMINER'S REPORT

TO THE PAROCHIAL CHURCH COUNCIL OF ST. MARY AND ALL SAINTS PARISH CHURCH CHESTERFIELD

I report to the Parochial Church Council on my examination of the financial statements of St. Mary and All Saints Parish Church Chesterfield for the year ended 31 December 2023.

Responsibilities and basis of report

As The Parochial Church Council of St. Mary and All Saints Parish Church Chesterfield you are responsible for the preparation of the financial statements in accordance with the requirements of the Charities Act 2011 ( the 2011 Act).

I report in respect of my examination of the Church's financial statements carried out under section 145 of the 2011 Act. In carrying out my examination I have followed all the applicable Directions given by the Charity Commission under section 145(5)(b) of the 2011 Act.

Independent examiner's statement

Your attention is drawn to the fact that the charity has prepared financial statements in accordance with Accounting and Reporting by Charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) in preference to the Accounting and Reporting by Charities: Statement of Recommended Practice issued on 1 April 2005 which is referred to in the extant regulations but has now been withdrawn.

I understand that this has been done in order for financial statements to provide a true and fair view in accordance with Generally Accepted Accounting Practice effective for reporting periods beginning on or after 1 January 2015.

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

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 order to enable a proper understanding of the financial statements to be reached.

John Henry Francis King Chartered Certified Accountant John H. F. King Chartered Certified Accountants 119 High Street Clay Cross Chesterfield Derbyshire S45 9DZ

Dated: .........................

ST. MARY AND ALL SAINTS PARISH CHURCH CHESTERFIELD

STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT

FOR THE YEAR ENDED 31 DECEMBER 2023

Unrestricted
Restricted
funds
funds
2023
2023
Notes
£
£
Income from:
Donations and legacies
3
97,549
1,972
Other trading activities
4
91,403
3,009
Investments
5
16,253
77
Total income
205,205
5,058
Expenditure on:
Raising funds
6
54,861
-
Charitable activities
7
149,813
12,895
Total expenditure
204,674
12,895
Net gains/(losses) on
investments
10
22,080
-
Net outgoing resources
before transfers
22,611
(7,837)
Transfers between
funds
(7,837)
7,837
Net movement in
funds
14,774
-
Reconciliation of funds:
Fund balances at 1 January
2023
738,373
-
Fund balances at 31
December 2023
753,147
-		 Total
Unrestricted
Restricted
funds
funds
2023
2022
2022
£
£
£
99,521
148,905
5,181
94,412
80,885
2,396
16,330
10,464
44
210,263
240,254
7,621
54,861
39,797
-
162,708
188,814
10,185
217,569
228,611
10,185
22,080
(30,624)
-
14,774
(18,981)
(2,564)
-
(2,564)
2,564
14,774
(21,545)
-
738,373
759,918
-
753,147
738,373
-		 Total
2022
£
154,086
83,281
10,508
247,875
39,797
198,999
238,796
(30,624)
(21,545)
-
(21,545)
759,918
738,373

The statement of financial activities includes all gains and losses recognised in the year. All income and expenditure derive from continuing activities.

ST. MARY AND ALL SAINTS PARISH CHURCH CHESTERFIELD

BALANCE SHEET

AS AT 31 DECEMBER 2023

Notes
Fixed assets
Tangible assets
12
Investments
13
Current assets
Stocks
15
Debtors
16
Investments
17
Cash at bank and in hand
Creditors: amounts falling due within
one year
18
Net current assets
Total assets less current liabilities
Income funds
Unrestricted funds		 2023
£
20,669
2,880
243,210
6,366
273,125
(7,956)		 £
228,781
259,197
487,978
265,169
753,147
753,147
753,147		 2022
£
21,065
724
299,470
5,389
326,648
(5,206)		 £
184,466
232,465
416,931
321,442
738,373
738,373
738,373

The financial statements were approved by The Parochial Church Council on .........................

..............................

Reverend P Coleman Vicar

.............................. Mr. J Hague Lay Chairman & Churchwarden

ST. MARY AND ALL SAINTS PARISH CHURCH CHESTERFIELD

STATEMENT OF CASH FLOWS FOR THE YEAR ENDED 31 DECEMBER 2023

2023
2022
Notes
£
£
£
Cash flows from operating activities
Cash (absorbed by)/generated from
operations
23
(12,963)
Investing activities
Purchase of tangible fixed assets
(53,998)
-
Purchase of investments
(4,652)
(4,496)
Movements in short term investments
56,260
(11,668)
Investment income received
16,330
10,508
Net cash generated from/(used in)
investing activities
13,940
Net cash used in financing activities
-
Net increase in cash and cash equivalents
977
Cash and cash equivalents at beginning of year
5,389
Cash and cash equivalents at end of year
6,366		 £
9,567
(5,656)
-
3,911
1,478
5,389

ST. MARY AND ALL SAINTS PARISH CHURCH CHESTERFIELD

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023

1 Accounting policies

Charity information

St. Mary and All Saints Parish Church Chesterfield is a parish church within the Church of England.

1.1 Accounting convention

The financial statements have been prepared in accordance with the Charities Act 2011, FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the Charities SORP "Accounting and Reporting by Charities: Statement of Recommended Practice 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). The Church is a Public Benefit Entity as defined by FRS 102.

The financial statements have departed from the Charities (Accounts and Reports) Regulations 2008 only to the extent required to provide a true and fair view. This departure has involved following the Statement of Recommended Practice for charities applying FRS 102 rather than the version of the Statement of Recommended Practice which is referred to in the Regulations but which has since been withdrawn.

The financial statements are prepared in sterling, which is the functional currency of the . Monetary amounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention, [modified to include the revaluation of freehold properties and to include investment properties and certain financial instruments at fair value]. The principal accounting policies adopted are set out below.

1.2 Going concern

At the time of approving the financial statements, The Parochial Church Council have a reasonable expectation that the Church has adequate resources to continue in operational existence for the foreseeable future. Thus The Parochial Church Council continue to adopt the going concern basis of accounting in preparing the financial statements.

1.3 Charitable funds

Unrestricted funds comprise the General Fund which can be used for PCC ordinary purposes and funds designated for a particular purpose by the PCC.

Restricted funds may only be expended on the specific object for which they were given. Any balance remaining unspent at the end of each year must be carried forward as a balance on that fund.

1.4 Income

Income is recognised when the Church is legally entitled to it after any performance conditions have been met, the amounts can be measured reliably, and it is probable that income will be received.

Cash donations are recognised on receipt. Other donations are recognised once the Church has been notified of the donation, unless performance conditions require deferral of the amount. Income tax recoverable in relation to donations received under Gift Aid or deeds of covenant is recognised at the time of the donation.

Legacies are recognised on receipt or otherwise if the Church has been notified of an impending distribution, the amount is known, and receipt is expected. If the amount is not known, the legacy is treated as a contingent asset.

ST. MARY AND ALL SAINTS PARISH CHURCH CHESTERFIELD

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2023

1 Accounting policies

(Continued)

1.5 Expenditure

Expenditure is recognised once there is a legal or constructive obligation to transfer economic benefit to a third party, it is probable that a transfer of economic benefits will be required in settlement, and the amount of the obligation can be measured reliably.

Expenditure is classified by activity. The costs of each activity are made up of the total of direct costs and shared costs, including support costs involved in undertaking each activity. Direct costs attributable to a single activity are allocated directly to that activity. Shared costs which contribute to more than one activity and support costs which are not attributable to a single activity are apportioned between those activities on a basis consistent with the use of resources. Central staff costs are allocated on the basis of time spent, and depreciation charges are allocated on the portion of the asset’s use.

1.6 Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Freehold land and buildings 2% on cost Fixtures and fittings 20% on cost and at varying rates on cost Computers 33% on cost

Freehold land is not depreciated.

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is recognised in the statement of financial activities.

Individual items of equipment used within the church office and the parish centre with a purchase price of £500 or less are written off when the asset is acquired.

Consecrated and benefice property is not include in the accounts in accordance with Section 10(2)(a) and (c) of the charities act 2011.

Moveable 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. No value has been placed on these items prior to 2015 as insufficient cost information is available.

All expenditure incurred during the year on consecrated or benefice buildings and individual items under £1000, or on the repair of movable church furnishings acquired before 2015 whether maintenance or improvement, is written off as expenditure in the Statement of Financial Activities.

1.7 Fixed asset investments

Fixed asset investments are initially measured at transaction price excluding transaction costs, and are subsequently measured at fair value at each reporting date. Changes in fair value are recognised in net income/(expenditure) for the year. Transaction costs are expensed as incurred.

1.8 Impairment of fixed assets

At each reporting end date, the Church reviews the carrying amounts of its tangible assets to determine whether there is any indication that those assets have suffered an impairment loss. If any such indication exists, the recoverable amount of the asset is estimated in order to determine the extent of the impairment loss (if any).

ST. MARY AND ALL SAINTS PARISH CHURCH CHESTERFIELD

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2023

1 Accounting policies

(Continued)

1.9 Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the stocks to their present location and condition. Items held for distribution at no or nominal consideration are measured the lower of replacement cost and cost.

Net realisable value is the estimated selling price less all estimated costs of completion and costs to be incurred in marketing, selling and distribution.

1.10 Cash and cash equivalents

Cash and cash equivalents include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.

1.11 Financial instruments

The Church has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the Church's balance sheet when the Church becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Basic financial assets

Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.

Basic financial liabilities

Basic financial liabilities, including creditors and bank loans are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of operations from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.

Derecognition of financial liabilities

Financial liabilities are derecognised when the Church's contractual obligations expire or are discharged or cancelled.

1.12 Taxation

The charity is exempt from tax on its charitable activities.

ST. MARY AND ALL SAINTS PARISH CHURCH CHESTERFIELD

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2023

1 Accounting policies

(Continued)

1.13 Employee benefits

The cost of any unused holiday entitlement is recognised in the period in which the employee’s services are received.

Termination benefits are recognised immediately as an expense when the is demonstrably committed to terminate the employment of an employee or to provide termination benefits.

1.14 Retirement benefits

Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due.

1.15 Donated services

General volunteers

The contribution of general volunteers cannot be measured reliably and therefore is not included as income within the charity accounts. The work of general volunteers is however crucial for the charity to continue its fundraising and charitable activities.

2 Critical accounting estimates and judgements

In the application of the Church's accounting policies, The Parochial Church Council are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods.

3 Donations and legacies

Unrestricted
Restricted
funds
funds
2023
2023
£
£
Donations and gifts
66,829
1,687
Legacies receivable
10,000
-
Grants receivable for
core activities
9,360
-
Gift aid
11,360
285
97,549
1,972		 Total
Unrestricted
Restricted
funds
funds
2023
2022
2022
£
£
£
68,516
102,891
4,238
10,000
1,000
-
9,360
35,038
-
11,645
9,976
943
99,521
148,905
5,181		 Total
2022
£
107,129
1,000
35,038
10,919
154,086

ST. MARY AND ALL SAINTS PARISH CHURCH CHESTERFIELD

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2023

3
Donations and legacies
Grants receivable for
core activities
DDBF electricity grant
3,000
-
DCMS VAT grant
-
-
Crooked Spire appeal
fund
-
-
Architectural Heritage
Grant (Saints Parish
Centre)
6,360
-
9,360
-
4
Income from other trading activities
Unrestricted
Restricted
funds
funds
2023
2023
£
£
Votive candles
6,533
-
Tower visits
5,565
-
Fundraising events
9,520
-
Church shop income
46,196
-
Saints parish centre
3,257
-
Christmas tree festival
11,984
-
Fees and church usage
8,348
3,009
Other trading activities
91,403
3,009
5
Income from investments
Unrestricted
Restricted
funds
funds
2023
2023
£
£
Dividends and interest
16,253
77		 (Continued)
3,000
-
-
-
-
7,383
-
7,383
-
27,655
-
27,655
6,360
-
-
-
9,360
35,038
-
35,038
Total
Unrestricted
Restricted
Total
funds
funds
2023
2022
2022
2022
£
£
£
£
6,533
7,128
-
7,128
5,565
4,008
-
4,008
9,520
7,226
-
7,226
46,196
37,238
-
37,238
3,257
5,138
-
5,138
11,984
9,871
-
9,871
11,357
10,276
2,396
12,672
94,412
80,885
2,396
83,281
Total
Unrestricted
Restricted
Total
funds
funds
2023
2022
2022
2022
£
£
£
£
16,330
10,464
44
10,508		 (Continued)
3,000
-
-
-
-
7,383
-
7,383
-
27,655
-
27,655
6,360
-
-
-
9,360
35,038
-
35,038
Total
Unrestricted
Restricted
Total
funds
funds
2023
2022
2022
2022
£
£
£
£
6,533
7,128
-
7,128
5,565
4,008
-
4,008
9,520
7,226
-
7,226
46,196
37,238
-
37,238
3,257
5,138
-
5,138
11,984
9,871
-
9,871
11,357
10,276
2,396
12,672
94,412
80,885
2,396
83,281
Total
Unrestricted
Restricted
Total
funds
funds
2023
2022
2022
2022
£
£
£
£
16,330
10,464
44
10,508
35,038
Total
2022
£
7,128
4,008
7,226
37,238
5,138
9,871
12,672
83,281
Total
2022
£
10,508

ST. MARY AND ALL SAINTS PARISH CHURCH CHESTERFIELD

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2023

6 Raising funds

Unrestricted Unrestricted
funds funds
2023 2022
£ £
Fundraising expenses
Purchases 22,372 24,456
Movement in stock 396 (5,394)
Parish centre and shop overheads 23,203 10,229
Fundraising costs 2,871 3,086
Christmas tree festival 41 283
Depreciation and impairment 5,978 7,137
54,861 39,797

ST. MARY AND ALL SAINTS PARISH CHURCH CHESTERFIELD

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2023

7 Charitable activities

Staff costs
Depreciation and impairment
Diocesan parish share
Other ministry costs
Church maintenance
Church running expenses
Upkeep of services
Office administration
Irrecoverable VAT
Missionary giving
Share of support costs (see note )
Analysis by fund
Unrestricted funds
Restricted funds		 2023
£
64,613
3,705
37,236
1,925
13,996
26,420
6,559
4,719
1,335
250
160,758
1,950
162,708
149,813
12,895
162,708		 2022
£
49,504
1,545
53,823
1,305
57,547
21,862
5,185
4,510
1,518
250
197,049
1,950
198,999
188,814
10,185
198,999

Support costs are accountancy costs.

8 The Parochial Church Council

None of The Parochial Church Council (or any persons connected with them) received any remuneration or benefits for their services as trustees from the Church during the year. During the year and the previous year three members of the PCC were paid for their services in other roles: Mr. Dominic Gavan, verger £2,494 (2022 £4,106) , Dr. Paul Nash, organist and choirmaster £Nil (2022 £13,740) and Mrs Rebecca Landers Saints Parish Centre cleaner £325 (2022 £Nil)

ST. MARY AND ALL SAINTS PARISH CHURCH CHESTERFIELD

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2023

9 Employees

The average monthly number of employees during the year was:

2023 2022
Number Number
Vergers 2 2
St. Leonard's caretaker - 1
Organist and choirmaster 1 1
Assistant organist and events co-ordinator 1 -
Safeguarding officer - 1
Saints Parish Centre cleaner 1 -
Total 5 5
Employment costs 2023 2022
£ £
Wages and salaries 63,094 48,015
Other pension costs 1,519 1,489
64,613 49,504

There were no employees whose annual remuneration was more than £60,000.

10 Gains and losses on investments

Unrestricted Unrestricted
funds funds
2023 2022
Gains/(losses) arising on: £ £
Revaluation of investments 22,080 (30,624)

11 Taxation

The charity is exempt from taxation on its activities because all its income is applied for charitable purposes.

ST. MARY AND ALL SAINTS PARISH CHURCH CHESTERFIELD

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2023

12 Tangible fixed assets

Freehold land
and buildings
Fixtures and
fittings
Computers
£
£
£
Cost
At 1 January 2023
257,052
55,420
1,485
Additions
-
53,998
-
At 31 December 2023
257,052
109,418
1,485
Depreciation and impairment
At 1 January 2023
107,666
20,340
1,485
Depreciation charged in the year
4,141
5,542
-
At 31 December 2023
111,807
25,882
1,485
Carrying amount
At 31 December 2023
145,245
83,536
-
At 31 December 2022
149,386
35,080
-		 Total
£
313,957
53,998
367,955
129,491
9,683
139,174
228,781
184,466

Included in cost or valuation of land and buildings is freehold land of £50,000 (2022-£50,000) which is not depreciated.

The freehold property comprises the Saints Parish Centre, St. Mary's Gate, Chesterfield.

13 Fixed asset investments

Listed
investments
£
Cost or valuation
At 1 January 2023 232,465
Additions 4,652
Valuation changes 22,080
At 31 December 2023 259,197
Carrying amount
At 31 December 2023 259,197
At 31 December 2022 232,465
Financial instruments
2023 2022
£ £
Carrying amount of financial assets
Instruments measured at fair value through profit or loss 243,210 299,470

14 Financial instruments

ST. MARY AND ALL SAINTS PARISH CHURCH CHESTERFIELD

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2023

15
Stocks
Raw materials and consumables
16
Debtors
Amounts falling due within one year:
Other debtors
17
Current asset investments
Cash deposits
18
Creditors: amounts falling due within one year
Other taxation and social security
Accruals and deferred income		 2023
£
20,669
2023
£
2,880
2023
£
243,210
2023
£
-
7,956
7,956		 2022
£
21,065
2022
£
724
2022
£
299,470
2022
£
434
4,772
5,206

19 Retirement benefit schemes

Defined contribution schemes

The Church operates a defined contribution pension scheme for all qualifying employees. The assets of the scheme are held separately from those of the Church in an independently administered fund.

The charge to profit or loss in respect of defined contribution schemes was £1,519 (2022 - £1,489).

20 Unrestricted funds

The unrestricted funds of the charity comprise the unexpended balances of donations and grants which are not subject to specific conditions by donors and grantors as to how they may be used. These include designated funds which have been set aside out of unrestricted funds by the trustees for specific purposes.

At 1 January Incoming Resources Transfers Gains and At 31
2023 resources expended losses December
2023
£ £ £ £ £ £
General funds 738,373 205,205 (204,674) (7,837) 22,080 753,147

ST. MARY AND ALL SAINTS PARISH CHURCH CHESTERFIELD

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2023

20 Unrestricted funds

Unrestricted funds Unrestricted funds (Continued)
Previous year: At 1 January Incoming Resources Transfers Gains and At 31
2022 resources expended losses December
2022
£ £ £ £ £ £
General funds 759,918 240,254 (228,611) (2,564) (30,624) 738,373

21 Nature of Funds

The unrestricted funds comprise the General Fund and one designated fund, the Legacies Fund which arises from recent legacies and is earmarked for specific expenditure at the discretion of the PCC. Included within the General Fund are the accounts of the following church groups: Church Shop, Flower Guild, Choir, Bell-ringers, and Saints Parish Centre.

The Restricted Fund comprises the St. Leonard's Mission Church Fund - for the upkeep and maintenance of St. Leonard's Mission Church Spital Chesterfield.

22 Related party transactions

There were no disclosable related party transactions during the year (2022 - none).

23
Cash generated from operations
Surplus/(deficit) for the year
Adjustments for:
Investment income recognised in statement of financial activities
Fair value gains and losses on investments
Depreciation and impairment of tangible fixed assets
Movements in working capital:
Decrease in stocks
(Increase)/decrease in debtors
Increase/(decrease) in creditors
Cash (absorbed by)/generated from operations		 2023
£
14,774
(16,330)
(22,080)
9,683
396
(2,156)
2,750
(12,963)		 2022
£
(21,545)
(10,508)
30,624
8,682
17,083
22,290
(15,908)
30,718