TIIC PAROCHIAL CIIURCH COUNCII, OF TFir. ri C.Cl,F.SIASTICAL PARISH OF S. MARGARET HOLLINWOOD & S. CHAD LIIMESIDE TRUSTEES, REPORT AND FINANCIAL STATEMEI NTS FOR THE YEAII ENDCI D JI l)F,'CF,MBfi,R 2023 CIIADWICKS CHARTERED ACCOUNTANTS 'I'FIL PAROCFIIAL CEIURCII COUNCIL OF THE ICCLCSIASTICAL PARISH OF S. MARGARE.T HOLLINWOOD & S. CIIAD LIMESIDE CON'I'ENTS Page Trustees, repoil Independent examiners report Statemeni of fillancial aLtivilies BalanLE sheet 16 Notes to financial 5taieTnents 17-23 Annual Report of the Parochial Church Council for the year ended 31st December 2023 Reference and administration information The Parish of St Margaret, Hollinwood and St Chad, Limeside is sltuated in the South East of Oldham. It is part of the Diocese of Manchester within the Qhurch of England. The Parish Church is St Margaret of Antioch, a Grade 2 Listed building. The Correspondence address is.. st Margaret's Vicarage Chapel Road Hollinwood Oldham OL8 4Qq Episcopal oversight is provided by the Bishop of Beverley} the Parish having passed the necessary resolutions under the House of Bishops, Declaration. The Parish is a member of the Society, Forward in Faith and a Corporate member of the Church Union. Banlier5 National Westminster Bank plc 794 Manchester Road Failsworth Manchester M35 9NY Insurers Ecclesiastical I nsurance Off ice plc Beaufort House Brunswick Road Gloucester GL1 1JZ Independent Examiners Chadwick & Co Capital House 272 Manchester Road Droylsden Manchester M43 6PW The PCC is not subject to any Income Tax and is thus able to reclaim any tax on donations made under the Gift Aid scheme. Although not registered for VAT, it is subject to VAT on invoices for goods and services. VAT can be reclairned on certain expenditure under the Listed Places of Worship scheme. Structure, Governance and Management The Parochial Church Council (PCC) is a registered Charity with the Charity Commi55ion.' charity registration number.. 1134150. PCC members who f illed in the Charity Commission Declaration form are Trustees of the Charity. The method of appointment of PCC rnembers is set out in the Church Representation Rules. All church attendees aro encouraged to Fogister on the Elector31 Rnll and st2nd fnr plgrtinn tn the pcc. The PCC comprises the Incumbent, two Churchwardens, two Deanery Synod representatives pSus elected members. They are appointed at the Annual Parochial Church Meeting and serve for orie year. The Standing Committec comprises the Chaimian, the Churchw2rdens, Secretary and Treasurer who meet from time to time to determine, amongst other matters, the Agenda for each PQC meeting. Other sub-committees are established to undertake specific tasks, such as social events and f undrai5ing. Oblectlves and Activitie5 The PCC'S general functions are set out in the Parochial Church Council (Powers) Measure 1956, Section 2. This can be summarised as= 'it shall be the duty of the minister and the PCC to consult together on matters of general concern and importance to the Parish. The primary object of a51 PCC'S will be the promotion of the Gospel of our Lord Jesus Christ according to the doctrines and practices of the Qhurch of England. The PCC'S mission statement is'saint Margaret and St Chad's is a Church family, where we gather as God's people in faith, love and service. It is a place of worship, prayer, welcome and acceptance, reaching out to the whole community,. The PCC has the responsibility of co-operating with the Incumbent in promoting in the ecclesiastical parish the whole mission of the Church, pastoral, evangelistic, social and ecumenical. The PCC is responsible for the maintenance and repair of the church and its content5. It arranges suitable insurance cover for the building. The PCC has overall charge of all expenditure. Cheque signatories are the two Churchwarden5, the Secretary and the Treasurer. All payments require two signatures, any two of the four. The PCC relies wholly on volunteers to carry out all aspects of the work, only engaging contractors where no expertise exists within the congregation. Accordingly, there are no employees. The PCC retains ownership of the Canon George Community and Parish Hall, and the managerrjent of that building is the responsibility of the PCC following the demise of the Hall Management Committee. The Hall maintains its own who Bank account, but the PCC is now responsible for the insurance cover for the building. The making of grant5 and donations is decided each year by the PCC. Collections are authorised to be taken in church on behalf of other charitie5. The monies collected are recorded in the accounts and paid to the charities concerned by cheque. Risk Management Policy 2023 The risks f311 into three categorips.. Risk to the continuation of the church as a 'going concern, in Hollinwood and Limeside. 2. Risk to the premises. 3. Risk to individuals when using the premises. The f irst of these has been addressed by the PCC to stake steps to rectify any shortcomings. The Church the Canon George Community and Parish Hall are protected by burglar alarm systems. The Canon George Community and Parish Hall also has smoke detectors f itted. Fire protection 15 afforded by extinguishers which are serviced annually. Health and Safety Issues have been addressed by the writing and dissemination of procedures governing the conduct of user5 and visitors. Investment Policy 2023 Funds are only invested with reputable organisations. During 2023 the PCC did not have any surplus funds to invest and we do not currently have any investments. PCC Membership 2023- 2024 PCC member5 who have servcd during 2023 and who will serve until the APCM in 2024 are: Incumbent The Reverend Fr Thomas Davis SSC Churchwardens Mrs Denise Mccoy Mr Barry Dainty The Churchwardens act as joint vice-chairs of the Parochial Church Council. Representatives on the Manchester North and East Deanery Synod Mr Barry Dainty Mrs Denise Mccoy Elected Members Mr Kenneth Barton Mrs Marie Barton M5 Amanda Carr Mrs Sylvia Dempster Miss Kirgty Haugh Mr Norman Horridge Mrs Sandra Jones Mrs Joan Lees Mr lan Mccoy The Parish of Hollinwood St Margaret of Antioch and St Chad of Lichfield, Limeside Agenda t Opening Prayer t Apologies for absence Meeting to Elect Churchwardens t Minutes of the Meeting to Elect Churchwardens 2023 t Matters arising t Election of Wardens t Any other business t Date of the next meeting to Elect Churchwardens page 6 Annual Parochial Church Meeting t Minutes of the Annual Parochial Church Meeting 2023 * M3tterg 3riging t Election to the Parochial Church Council 9 places t Reports PCC Secretary Electoral Roll Deanery Synod Churchwardens Financial Statement Safeguarding Report Canon George Community Hall Oldham Foodbank Parish Priest t Adoption of Financial Statement t Appointment of Independent Examiner t Review of Parish Saf eguarding Policy t Date of the next APCM Meeting t Date of PCC Meeting to appoint Officers t Blessing page 7 pages 9 13 The Parish of Hollinwood St Margaret of Antioch and St Chad of Lichf ield, Limeside Meeting to Elect Churchwardens held on Sunday 14th May 2023 There were 21 people present. Apulugie51 Idd beeii reieived from.. Mrs Beryl Fletcher, M rs Susan Boswell, Mrs Janet Taylor and Mrs Sylvia Dempster. Fr Tom opened the Meeting with prayer. Minutes The Minutes of the Meeting to Elect Churchwardens held on Sunday 22nd May 2022 had been circulated. It was proposed by Mr Norman Horridge and seconded by Mrs Joan Lees that these were a true record of the Meeting. The Minute5 were accepted unanimously. Matters Arising There were no Matters Arising. Election of Churchwardens Mrs Denise Mccoy had been proposed by Mrs Joan Less and seconded by Ms Amanda Carr and consented to her nomination. Mr Barry Dainty had been proposed by Mrs Martin Woods and seconded by Mrs Denise Mccoy and consented to his nomination. There being no other nomination5 Mrs Denise Mccoy and Mr Barry Dainty were duly elected. Any Other Business There was no Other Business. Date of the next Meeting Sunday 19th May 2024 at 11.45am in the Canon George Hall. Signed Date The Parish of Hollinwood St Margaret of Antioch and St Chad of Lichf ield, Limeside Annual Parochial Church Meeting held on Sunday 14th May 2023 There were 21 people present. Apulugies I Idd b¥eii I"eieived f Fom". Mrs Beryl Fletcher, Mr5 Sus3n Boswell, Mrs Janet Taylor and Mrs Sylvia Dempster. Minutes The ￿inuteS of the Annual Parochial Church Meeting held on Sunday 22nd May 2022 had been circulated. It was proposed by Mrs Joan Lees and seconded by Mr Martin Wood5 that these were a true record of the Meeting. The Minutes were accepted unanimously. Matters Arising There were no Matters Arising. Election to Deanery Synod There are two vacancies for Deanery Synod for a period of three years. The following were proposed and seconded and consented to their nomination.. Name Proposed by Seconded by Mr Barry Dainty Mrs Denise Mccoy Mrsjoan Lees Mr Martin Woods Mrs Margaret Neild Mr Norman Horridge There being no other nominations these people were duly appointed. Election to the Parochial Church Council The following had been proposed and seconded and consented to their nomination= Name Proposed by Seconded by Mr Kenneth Barton Mrs Marie Barton Ms Amanda iarr Mrs Sylvia Demp5ter Miss Kirsty Haugh Mr Norman Horridge Mrs Sandra Jones Miss Kirsty Haugh Mrs Sandra Jones Mrs Sylvia DeiiiysL¥i Mrs Denise Mccoy Mr David Jone5 Miss Kirsty Haugh Mi55 Kirsty Haugh Mrs Sandra Jones Mi55 Kirsty Haugh Mi"b Heleii Jenior Mr lan Mccoy Mr Neil Kayley Mrs Denise Mccoy Mr David Jones Mr lan Mccoy Mrsjoan Lees Mr Martin Woods Mr Martin Wood5 Mr Barry Dainty Mr lan Mccoy There being no other nominations these people were duly appointed. It was agreed that those who hold Office on the PCC continue to do so until the f irst Meeting of the new PCC. Annual Report for Year Ending 31st December 2023 1. PCC Secretary Report on the work of the PCC During the past year, the PCC has met twice. Business covered was the appointment of Officers, to receive the Finance Report, discuss the separation of the Foodbank from the PCC, the progression of the document 'Living in Love and Faith,, issues facing the fabric of the Parish Centre and any updates relating to our Safeguarding Policy or any incidents that the PCC should be made aware of. Day to day i--.uoe are dealt with by the Standing Cnmmittrpp. 2. Electoral Roll Report There are currently 57 people on the Electoral Roll. This number has remained the Same despite the deaths of two member5 of our worshipping community and the reception of two others into the Roman Catholic Church. The next Revision of the Roll will take place in 2025. 3. Deanery Synod Report Deanery Synod has met four times during the past year at various churches in the Deanery. Complaints concerning the size of the Deanery and some members refusing to travel continue. Sadly, the Deanery is what it is and if people are not prepared to travel, perhaps they should not consider standing a5 a Synod member. This, however, is not the case at st Margaret's. The agenda for the Meetings follows the usual pattern with updates from various bodies and from Diocesan Synod when it has met. These are usually very interesting sources of information especially on Diocesan f inance. Much of the business of Deanery Synod has been around the creation of Focal Leaders and Eco Champions, the Living in Love and Faith Document, Finance and Mission Community activities. Fr Tom continues to be the clerical secretary for Deanery Synod. Regrettably, no one has stood as the lay secretary. 4. Churchwardens, Report on the Fabric of the Church Whilst the church is now watertight following the completion of Phase 4 (apart from an ongoing issue with water ingre55 over the St Nicholas, Altar which all atternpts have 50 far failed to re501ve), we still need to address the re-plastering of the south aisle wall and the staining of the new timbers. We are currently looking at a grant source which will enable us to carry out this work. The PCC have also been looking at grant sources to improve the lighting system J provide a new sound system and to eventually provide toilets and kitchen accommodation at the west end of the church. Our Architect has produced a suggested scheme and work is ongoing . To provide toilets etc would enable us and others to use the church outside worship time for many other activities. The heating system continues to give cause for concern and with two of the boilers not working the heating in church does not always reach the temperature which we need to be comfortable. Eventually, the remaining two boiler5 will become impossible to repair and will need replacing at considerable cost. The organ is at present 'mothballed' and has not been played or serviced since the start of the Pandemic and 15 in a poor state. Since 1958 when the organ was moved from what is now the Lady Ch3pel and rebuilt, no major rep3irs or renovation work have been carried out for 66 years. In the past it was tuned twice a year and if something has gone wrong, work has been done just tn rp.me.dy the fault but there has been no long-term plan to deal with increasing issue5. The PCC have already had a discussion as to its future and the new PCC will need to consider the discussion f urther. The longer this is left, the instruTnent will only continue to deteriorate f urther. Music at present is being skilfully handled by Martin Woods and is much appreciated. Our thanks must go to him for ensuring the Solemn Ma55, weddings and funerals go ahead as though the actual organ was being played. Repairs to the railing5 on the front boundary wall of the church will be repaired by contractors on behalf of Oldham Council and there is money with the Council to cover this work. Rep13cing the railings which date from 1902 is skilled work, hence the delay. We are gratef ul to the Council for all the work they do to maintain the churchyard, cutting the grass and the planting around the War Memorial. The grave which is designated a5 a War Grave war in danger of collap£o and it has been ronov3ted (in a different f orm) by thp C_niincil qn thRt it still fulfils the criteria of the War Graves Commission. Regrettably, the War Graves Commission were uninterested in its condition and ref used to restore it. We must thank all those who carry out repair or renovation works in the church throughout the year and those who help with the cleaning of the church prior to the major festivals. The church looks splendid throughout the year and even more so on the major festivals. Thank you to all those who help to make this possible. 5. Financial Statement N.B. This report relates to Sections 3 to 5 and 8 in the "Notes to Financial Statements, which cdn be found on pages J9 and 20. During 2023, the PCC'S routine income (excluding that relating to the South Aisle roof and Charity Collections) exceeded expenditure by about £2,500. The main sources of income have been Planned Giving through the bank (115,245), Collections (£3,412), Sundry Doriations (L3,855) and Gift Aid claimed back from HMRC (£ 6,815). These amounts were broadly similar to 2022. The other main source of income was Fund raising event5 which raised an impressive SUTn of £5,605, thanks to much hard work by members of the congregation. The PCC also benefitted from Some non-recurring income such as the Energy cost support from the National Church (£2,830). On the expenditure side, the largest single item, as always, w35 the Parish Share (£17,280). After that, Snsurance premiums cost £6,414 and the cost of Utilities wa5 14,561. While most of our expenses were 5imi13r to those in 2022, the Parish Share increased by 1 ox (with a further 10% in 2024, to be followed by 5% increases for the next 3 years). While the PCC'S f inancial p051tion in 2023 seemed re350nably healthy J the challenge to balance the books in future years will be unrelenting. Although the c05t of utilities appear5 to have stabili5ed at a lower level than in 2022, all the other costs borne by the PCC continue to rise by at least the rate of inf lation. As it would probably be difficult to raise much more than in 2023 from events, it will inevitably fall to parishioners to review their level of voluntary giving if we are to avoid "going into the red, and using up our limited resources. 6. Safeguarding and Child Protection Report In accordance with the Statutory requirements, a report from the Parish Safeguarding Off icer is an item on each Parochial Church Councillstanding Committee Meeting agenda. During 2023 there have been no issues to report at a PCClStanding Committee meeting or during any other period in thc year. The Uniformed Organisations who rneet in the Hall comply with the Parish Safeguarding Policy Document. The Parish Saf eguarding Officer has completed all the required courses expected of her by the Diocese during the past year. 7. Canon George Community and Parish Hall Report The hall 15 managed under a Constitution agreed by the PCC and has its own bank account. All accounts f or the upkoep of the hall (including insurance) are paid from the hall bank account. This Constitution has been suspended and the PCC has had to take responsibility f or it as there is no Hall Management Committee. During 2023 the hall has continued to be used by the Uniformed Organisation and a signif icant number of local people using it for children's parties and by Oldham Council as a Poling station. In addition to these Slimming World hire the hall once a week, Sankova, which trains people to work with young people with severe learning and behaviour difficulties use the hall fairly frequently and a band who use the upper hall for their practice sessions. Thanks to the efforts of Denise Mccoy, we have finally been able to rescind the contract with PHS. Desplte the hall being closed during the Pandemic, PHS continued to charge us for their services they did not provide and f or toilet ro51 etc that we did not need or use. This has been one less bill to pay. We continue to struggle with heating the downstairs hall to a reasonable temperature. The system has been drained and there doesn't seem to be a reason f or it. Thankfully, a local plumber has been identified who helps us when necessary. Going f orward, the hall urgently requires redecoration especially in the kitchen where there has been water damage and the flooring in the toilets and kitchen. Consideration a5 to how this can be achieved is needed if we are to attract lettings in the future. We remain gratef ul to the Barton family who faithfully clean the hall each week and to Martin Woods who co-ordinates the lettings, opens and closes it. 8. Oldham Foodbank In 2023 the Oldham Foodbank fed 27,371 people.. 16,318 adults and 11,053 children. This amounts to 11,667 parcels delivered and 46 parcels delivered on average each day, Monday to Friday. I comparison with 2022, 7,356 more people have been fed (36.8% increase), including 4,447 more adults (37.4°A increase) and 2,909 more children (35.7% increase) with 2,993 more parcels being delivered which amounts to a 31.5% increase. At the Vulcan Street site there are two large units,. one where the stock is stored and where we receive donations and the other 15 the 'shop' where orders are pickedi packed, weighed and de5Patched. Each f ood parcel is delivered to the recipient's door which is a demanding job for our volunteer drivers battling through Oldham's traffic. The Units are rented and coupled with bulk food purchases, utility costs and transport, the operating costs of the Foodbank are over £9,000 per month, £4,000 of this 15 for food alone. There is no doubt that the pressure on the Foodbank in 2024 will continue to rise as demand increases and the ability of the residents of Oldham to afford donating food or maintaining their f inancial giving decreases. Conversations around the separation of the Foodbank f rom the PCC are ongoing. It is hoped that in the early part of 2024 a group of perspective Trustees will be formed with the Foodbank becoming a CIO by June. However, there is still more work to be done to achieve this. The funding for the Organisational Development Worker (Tom Lewis-Hood) comes to an end in October 2024. Tom has made a Significant difference to the running of the Foodbank post- pandemic. It is hoped that further f unding from other sources wi15 be found so that we can retain him, but POS5ibly in another role. This sourcing of f unding will be the responsibility of the new Trustees. 9. Parish Priest's Report I sometimes believe that it is a mistake to read through the last year's report because it can highlight some of the hopes and dreams that were not achieved and obscure what has been 3chieved. Let me begin this year's report with some of the disappointments thereby leaving all that 15 good to the end. Three years ago, the railings to the churchyard were either destroyed or signif icantly damaged following a driver losing control of their car. The railings that survived are still in my yard and I have got used to them being there or rather, I have got so used to them being there I no longer see them. Two years ago, saw early conversations with our Architect about the possibility of installing toilets and a kitchen at the west end of the church. Despite assurances that costing f or such a project would be drawn UP> there has instead been a significant period of silence. This year, I made the counci5 aware that the boundary wall on the opposite side to the missing railings - was in danger of collapse. A meeting was called, and l explained what was happening. Excuse the pun, another'wa51' of silence. I could be blamed f or not chasing these people Upi but do I want another round of promises that will never happen? Perhaps I do and will pray that by the APCM in 2025, things will have changed. 2023 has seen some new people join our worshipping community who have come with enthusiasm for f undraising and commitment to the spiritual lif e of the parish. The Christmas Fayre in October raised a signif icant amount of money for church funds which has helped us pay our way. The 'knitters' as I call them, have no 500ner finished one project as they begin another. They have also discovered others who have the same skill which has brought people together. At the same time as raising funds for the church, we have again been able to support the work of the Additional Curates Society and the Leprosy Mission. You will have read of the development5 that Bre happening for the Foodbank to become a rharity in itf nwn right a c.haritable I ncorporated Org3nisation. When we meet again in 2025. this will have happened. Thi5 15 very good news for us and the Foodbank. However, we owe a great debt of gratitude to the volunteer5 for 311 they do. Without them there would not be a Foodbank especially when you consider that just before Christmas, 92 parce15 were delivered in one day. st Margaret's School continues to be a source of joy for me as I make my regular visits to the school and when the children come to Mass. We arp triily blessed with a strong Leadership Team and committed staff who make the school 3 happy and secure place as well as delivering an outstanding curriculum. In thanking the staff, I would also like to thank the Governors for the time they dedicate to ensuring that the school is properly managed. Following a tuneral I took, someone I had never met before made the observation, 'You are clearly very happy here, and l am. I would like to thank you 311 for the many kindnesses you show me and your prayerful -upport. Cod has p13cod you in my c3re and l am vpry gr3tpf Lil fnr th2t Let US together look to the future with optimism and hope as together we serve the people of our parish. INDIPENDF,N'T fi.XAMINER'8 REPORT TO THI IWII.:INI BLI IIS 01,, I'HE IIAIIOCIIIAI, C.ITtIRC.II C.OUNCTL. AS TRUSTF.F.S OF TFtE ECCLESIASTICAL PARISH OF S. MARGARLI., HOLLIN'WOOD & S. CHAD, LJM£I SIDL I I"eport on the financial 5tatemcnts of The Parochial Church Coiillcil of the Ecelesiastical Parish of S. lai"garet, Hollinwood & S. Cbdd, LiEneside for the year ended 31 t)cceinber 2023, which are set out on pages I to 26. This report is iii I'especl of dn examination carried out in accordance with the Chiirch A¢¢oiinling Reoiilations 2006 {:"Iht' Regiilations") and section 145 of the Chai"ities Act 2011 (':the Act"). Riespeclive responsibilities ot-'I'i'ustecs aIid the Inilei)eiident exa￿1]I1el. As members of the Parochial Chiirch Coiincil ("the PCC") you are responsible lor the preparation of the accoiints. You considcr that an audit is not reqiiired for this year under section 144(2} of the 2011 Act and that an independent exainination is needed. It is my responsibility to.. examin¢ the accoiints linder section 145 of ihe 201 l Act. to follow tlie procedures laid down in the genei'al Directions given by the Charity Commission under scclion 145(5)(bl of the 201 l Act,. and to state whether particular rnatters have come to my attention. BAsis of indcpendent e¥aminer's report My exaniination ivas carried OLII in accordllnce with the General Directions given by the Charity Cotntnission. An examination includes a review of the accounting records kept by the PCC and a compai.ison of the accounts prescnled witli ihose records. It also incliidcs considei"dlion of any illlilSLial items or disclosiires in the accoiints, and seeking explanations fi'om you as trustees Lonceriiing any siicli matters. 'fhe procedures iindcrtaken do not provide all the evidence that woiild be required in an aiidit and conseqiienily no opinion is given as to wheih¢r the accounts present a "true and fair vicw" and the report is liiiiil¢d lo those matters set out in the statement below. Independent examiner'5 Stitetnent I have coiiipleled my exaivinalion. I confirm that no material matters have come to my attention in connection witli the e.xamiiialion giving me cause to believe tlial in any tnaterial respect.. accoiinting records were not kcpl in accordance with section 130 of thc 201 l Act; or the accoiints do not aceord to those records. or the accoiints do not coniply with the applicable reqiiireiiients conccriiin8 the fortn AIIOCHIAI. C-.HITRCII COUNCIL OF THE ECCLESIASTICAL PARISH OF S. MARGARET HOLLINWOOD & S. CHAD LINIESIDI NOTES TO THE FINANCIAL STATEMENTS FOR THF. YEAR ENDED 31 DECEMBER 2023 3. DIRECT GIVING Uni'estriiled Funds Designaled Fuijds Restriete(I Total 2Q23 Total 2022 Tax efficient planned giving Non tax efficient planned giving Collcctions plate Donatiolls for candles Charity Collections Donations for portable font Sundry Donations Ta.K recovered 15,245 15,245 12,832 2,210 3,849 888 673 3,000 2.920 7,546 3,412 77) 628 775 628 3,8)5 6,81) 3,855 6.815 30,730 30,730 33,918 4. OTHER VOLUi%TARY INCOME UnrLstriet¢d Fun(Is De.%ignJted Funds Rcslricted Firnd5 Total 2023 Total 2022 Grdllt & other income - South aisle roof Gr&i)t incotne - Enei'gy cost suppoit Fund raising 1,406 2,830 5.605 321 390 796 1,406 2,830 5,605 321 390 796 19,380 1,250 1.801 1,854 Hall rental Other 308 11,348 11,348 24,593 5. INVESTMENT INCOM& Unrcstri¢l¢d De5igiJated Fi un(Is Restricted Funds Total 2023 Total 2022 Bank in(L￿L iYLeivable 86 86 15 86 86 19 -I'IIL PAIIOCHIAL CIIURCH COIINCIL OF THE ECCLESIASTICAL PARISH or s. MARGARF,T HOLLINNVOOD & S. CFIAD LLfvlEblDC NOTES TO THE FINANCIAL.STATF.MF.NTS FOR THE YEAR ENDED 31 DECEMBE.R 2023 6. IINCOMING RESOURCES FROfvl C14ARITABLE AcfiviTIES De.%ignateil FuEJd.s Restricted Funds Total 2022 Funds 2023 Giants- recurring Foodbank income (see note 15) 635,901 63S,901 494,119 635,901 635,901 494,119 7. FIJNDRAISING AND PUBLICITY Unrestrieled Fund5 DesigtEated Funds Reslritted Funds Totiil 2023 Total 21Y22 Fundraising costs 8. OPF,RATIONAL EXPENSES Unrestricted Fun(Is Desigiiate(I Fuiid5 Restricted Fundb Tulxl 202J 'rolal 2022 Donations to ChAritieslAppe%ls Donations Foodbank donations (see note 151 Actii'ities relmling to the ivork of th¢ Church Parish Share VicdracTe Expen.8cs Chureli Running Expenses- Insurance Church Running Expenses - Utilities Church maintcnance Upkeep olservices Hall running expenses Sunday School expenses Chui'ch Administration Foodbank ¥Kpciists (see note 15) 631 631 424,019 673 276,517 424,019 17,280 3,223 17,280 3,223 6,414 4,561 920 1,951 2,807 15,700 5,830 4,176 25,019 2,068 2.389 50 197 129.880 4,561 920 1,951 2,807 218 218 164,672 164,672 38,005 588,691 626,696 465.630 9. GOVERNANCE COSTS Unrestricted Funils Desi2nated Reslriited Funds Totyl 2023 Total 2022 Accountants remuneiation 2,460 2,460 1.860 20 THI,: VAIIOCI.11A1, C.'HURCH COLINCIL OF THE. ECCLESIAStICAL PARISH OF S. fvIARCARF.T HOLLINWOOD & S. CHAD LIMESIDE NOTES TO THE FINANCIAL STATE.￿IF.NT8 FOR THE YEAR ENDED 31 DECEIMBER 2023 10. FIXED ASSETS lolor Veliicle5 Fi ixtures & ritting5 Total Cost Al l Janiiary 2023 Additions Disposals At 31 Decetnber 2023 25,009 44,492 25,009 44.492 69,501 Dtpre¢iation At l Janiiary 2023 Charge for the year Eliminated on disposal Ai 31 December 2023 16,437 2,143 35,351 2.418 51,788 4.561 18,580 37,769 56,349 Net book Vid lue At 31 Dccember 2023 6,429 6,723 13,152 Ai 31 Deceinber 2022 8,572 9,141 17,713 11. DEBTORS 2023 2022 Church debtors and prepayments Foodbank debtors and prcpaymenls 406 57,491 390 124.289 57,¥97 124,679 21 -r141.: 1?AROC,HIAL CHURCET COUNCIL OF THE ECCLESIAS'ficAL PARISH OF S. MARGAiif,T HULLINWOOD & S. CFIAI) LIMI LSIDL NOTES TO THE FINANC.IAL.SI'AI'LMENTS FOR THE YEAR ENDED 31 DECEhlBER 2023 12. CREDITORS 2023 2022 .lire piirchase Accruals 1,473 52,OJ6 28,25J 211,253 53,509 13. FUNDS UnrestrictE(I funds 2023 2022 Balance at l January 2023 Surplus for the year Transfer froin Resti'icted Fund {8,3361 1,699 2,376 (7,612) (1,164) 440 Balance at 31 DeceTnber 2023 (4,2611 (8,3361 Desigyn#le(I funds 2023 2022 Jalance at l Januaiy 20.23 Transfei to Unrestricted Fund Balance at 31 December 2023 Restricted Fund5 2023 2022 Balance al l January 2023 Surpliis for the yedr Transfer to Unrestricted Fund 406,037 47.210 {2,376) 320,158 86,319 {440) Balaiice 8131 December 2023 450,871 406,037 14. ANALYSIS OF NF,T ASSLTS BETWEF,N FIJNDS UDrestricle(I De51Elliiti'd Fundb Restricte(I Fuiid5 Total 2022 2023 Tangible fixed assets Stock Debtors Petty cash Cash at Bank Deposits Creditors 13,152 112,369 13,152 112,369 57.897 271 284,002 7,172 (28.253) 17,713 47,447 124,679 218 254,066 7,087 (53,509) 406 201 17,385 70 266,617 7,172 16,000) (22,253) (4,261) 450,871 446,610 397,701 22 I'HF. PAROCHIAL CHURCH COUNCIL OF THE ECCLF,SIASTICAL PARISH OF S. MARGAIIET HOLLINWUOD & S. CIIAD LI￿lEs1D[. NaTF.S T() THE I",INANCIAL STATEMlI.NTS FOR THK YEAR ENDED 31 DECEfvIRF,R 2023 15. FOODBANK OPERATION 2023 202? Iticoiiie1See Nore 6) Monetary donations received GTant5 Food donations receiyed 107,640 37,897 490,364 96,941 286,267 63S,901 494,119 Expeniliture (See Note 8) Purchases F'ood distributions made salai.ies and volunteer expenses 47,966 424,019 68,975 7,863 22,115 3,251 1.538 202 231 39,689 276,517 21,068 35.676 4,181 Rent aiid rates InsLirance and telephone Printing, postage aiid staliotieiy Repairs I lirc of cquipmcnt Computer expenses lotor and travel Refuse. cleaning and recycling Depreciation Other 468 540 529 3,865 3245 4,561 331 5,152 4.912 5.789 147 588,691 406,397 Surplus for the year 47,210 87.722 16. RELATED PARTY TRANSACTIONI S There were no related paity transactions during the year {202? none). 23