Charliy reclstratbon number 1134217 THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF ST JOHN THE BAPTIST. HARTFORD. CHESTER DIOCESE ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023
THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF ST JOHN THE BAPTIST. HARTFORD. CHESTER DIOCESE LEGAL AND ADMINISTRATIVE INFORMATION Trust•ès Graham Campbell Rosalind Campbell Emlly Dean Audrey Kerr-TaOor David Richard5 Rèv. Mike Smith Rev. John Teasdale Charles Hayward Maxwell Heumann Helen Barber Rw. James Doo Timothy Hetsmann jacqueline 8arton Mary Rollinson (Appoinied 26 April 20231 (Appoinied 26 April 20231 (Appointwl 17 Dètèmber 20231 Appoinied 24 April 20241 (Appoinied 24 April 20241 (Appoinied 24 April 20241 thlrlty numb•r 1134217 Independent eumlnei Mitchell Charlesworth 24 Nlcholès Street Chester CHI 2AU B•nk•rs VirBln Monev 34 Princes5 Street Sttsckport SKI IRE
THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF ST JOHN THE BAPTIST. HARTFORD. CHESTER DIOCESE CONTENTS P¥e Trustees. report Independent examiner's report Statement ol financial activitie5 Balance sheet Note5 to the financial statements 11-21
THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF ST JOHN THE BAPTIST. HARTFORD. CHESTER DIOCESE TRUSTEES, REPORT FOR THE YEAR ENDED 31 DECEMBER 2023 The trustees prèsent thèSr annual rèport and financlal statements lor the year ended 31 December 2023. The flnancial statements have been prepared In accordance wllh the attountin8 policles sei out in notè I to thè flnancial Statements and comply with the charity's 8overnlng documents (the Pèrochlal Church Council IPowersl Measure 1956 a5 amended and the Church Aepresentatlon Rules). the Charltles Act 2011 and "Accounting and Reportlng by Chari¢les', Siatement ol Recommended Prattlce applicable to charltles preparlnK their accounts in accordance wlth the Flnanclal Reporting Standard appllcable in ihe UK and Republlc of Ireland IFRS 1021" leffectl¥e l January 20191. ObCtb¥e5 and acll¥ltlts The objeciive of the PCC Is the promotlon of the Gospel of our Lord Jesus Chrisi accordin8 to the doctrlnes and prartlces of the Church of En8land. In accordance with the requlrements of the Parochlal Church Council IPower51 Measure 1956, Ihe PCC cooperates with ihe ministers In promoting in ihe parlsh the whole mission of the Church, pastoral. evan8eli5tic. social and ecumenScal. The maln actlvliies of ihe PCC are: the provlslon ol reBular publlc worship that 15 open to all the provlsion ol pastoral work including the visiting of the sick, the elderly and the bereaved the teaching ol the Christlan fèf(h throu8h sermons. small groups, courses for adults, children's meetin85 and link5 with the local schi)015 Ihe promotlon of the Christlan falth through varlous events oreanSsed by the PCC Ihe support ol other charltles Involved In Chrlstlan outreach and development The trustees have pakl due re8ard to 8uldance Issued by the Charity Comm15$1on in decldln8 whal actlvStles the charity should undertake. Achlev•m•nts •nd p•rfomiar*c• During ihe year all the 'usual' group5 for young ones and not-s0-youn8 one5. men. women and chlldren took place, Evenings, bakfast$. days away and weekends away. We sald goodbye to lamlly members. at funerals. and welcomed new family members at baptisms and weddin8S, Mlsslonary Support The Missionary Strategy Group cornprise5 the Vicar. Minister ol Christ Church, Churchwardens plus a mis51onary 5UPPOrter from each church. The 8roup makes recommendatlons to PCC about mlssionaries to suppJrt and to whit financial level and duraiion. Regular information about our misslon partners Is Communicated through the monihly Missionary Prayer News update. Each thurch'5 webslte has a 5ectlon with inlormatlon about our mission partner5. We make a polnt ol prayinB lor our misslonarles at our regular church prayer meetlng5 and during our Sunday servlces. In iotal. we donated £45,806 to mlssionary or8anlsatlons In 2023.
THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF ST JOHN THE BAPTIST. HARTFORD. CHESTER DIOCESE TRUSTEES, REPORT ICONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2023 and fftnantlal revlèw The Trustees have considered the advl¢e provlded by the Charlty Commisslon In thelr note CC19. We bellfft that a prudent level ol reser¥es Is approxlmately a Month to SSX weeks cash outfl¢)w to allow sulllcient working amount5 in the current accounts at both St. John's and Chrlst Church. During 2019, we started a 5-year strategy to bulld an additional 'Staffing Reserve. for future hlring requlrements, and thi5 continued throughout 2020 and the first hall of 2021. Thi5 reserve wa5 to mlnimise and spread the required increases in planned giving in the following year5. As a result of this strategy. cash at the end 012023 wa5 higher than normal and wa5 also exceptionally high due to an unexpected lar8e 81ft lof almost £67,LXIOI. lon Teasdale jolned us as Associate Vicar for St John's In July 2021. With Jon's arrival our parish share Increased Ilon, like oiher cler8y, Is an offlce holder whose stlpend Is paid b¥ the Dlocesel and the Staffin8 Reserve IwhSch reached £60,0 by June 2021. bui had reduced to £12,LN)O at Detember 20231 has been used to offset the additional amount of parlsh share. Nathan Heeb. who loirned the team as our Youth Worer in December 2020, made a valuable contribution to the work during hi5 time with us, but he left In July 2023 and we haven't been able to recrult a replacernent as yet, which ha5 meant that we have unexpectedly saved money on hi5 salary, thu5 increasing our cash reserves at the end gf 2023. Durin8 the spring of 2021, we unexpectedly received an Influx of people Irom Hon8 Kon8, who had relocated to mSd- Cheshirè following the additional restrictions impostd by the Chinese Authoritles. The PCC a8reed to employ ont ol their number. Lewls Li. who 15 undertaking theological training, as a lay minister to the Cantonese spe3kin8 members ol the on8re8ation. Tg manage ihe financial risk. Lewis was employed inltially on a temporary one year coniract, but th55 wa5 made peirranent in 2022. We have already recelved generous 8lfis supporiinR Ihis work and In 2023, we re1ved a lurthec donation of £6,OLK)- hall of whlch Is io contribute to Lewls. mlnlsiry and hall to support another member of staff. We prav that the Lord wlll tontlnut io bless ihls work financiallv. The charity's main incorne is from planned Ire6ularl 8lvln8 and associated Gift Aid tsx refunds. This comes from around 130 givers ai St John's and SO ar Chrlst Chh. A sudden cessation ol incorne is therefore unlikely. In the eveni ol a shortfall, the Trusiees will seek io IncaSe income tsy holdln8 a 8ift day. Empenditure could also be reduced by posiponin8 capital expenditure, reducin8 srall levels. wiihholdin8 parish share la voluniary paymenil or reducin8 the amount donated io Mlssionary Socieiies la dSscretionary paymentl, Our reserve gives adequate tlme lor the trustees to assess any sStuation ènd take appropriate actlon. 5Snte the end ol the Covid restrictions as life has rèturned io normal. plaie Intomè and fees have recovered. and the use land hence incornel gf the Centre ha5 increased, The PCC'S primary income is Gift Aided planned Riving, thls was unallected by the pandemic, but has remalned statlc spite of Inflaiion, piobably due to the c05t of living crlsls. The huge rise in energy c05t5 since the start 012022 has put a considerable strain on our financ¢5 during 2023, and we are monitoring these c05t5 closely and investigatin8 Wav5 01 reducin8 energy consumpiion. Lookin8 lorward 10 2024, Ihe Minlsier and Christ Church Committee have inlormed the PCC of their iniention to leave ihe Church ol En8lanil ard hence leave the paflsh ol St John The Baptisi, lollowln8 the decision of the Churth of En8land to Introduce prayers for ihe ble55ing of 5ame-sex touples whts enter a tlvll marrla8e. They will set up a separate charlty and continue their ministry as an An8llcan church under the au5plce5 01 the An8llcan Misslon in England. This wlll mean Sl8Thificant drop in both the Income and Expenditure of the parish, but the Trustees are confident that St John'5 will continue to be financially viable and wlll be able to continue Its work in the whole parish and to continue to support our misslon partners. Those Trustees Irom ChrSst Church who will be lea¥in8 a also confident that the new charity will be fSnancially vlable and will thrive In its mlssion.
THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF ST JOHN THE BAPTIST. HARTFORD. CHESTER DIOCESE TRUSTEES, REPORT ICONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2023 Flnantlal Commntary The PCC had another hl8hly unusual and ¢hallenging fbnan¢ial year In 2023, but. by God'$ 8ra¢e and through the re¢overy ¢1 donations and ntaI income from ihe Church Centre, described in the previous sectlon, we were able to meet our commitments to ministry in the parish Ilnclvdlng mlnlstry to newcomefs from Hon8 Kongl, support our Mlsslon Partners and to finance the OTdoinEd mlnisiry by use of the Stafflng Reserve. Planned GlTrg at the two churches, the PCC'S main Source of Income, remained large unchanged as noted in the Section above. Following the end of Covid re51riction5. life has returned to normal, and plate collections. fee5 and income from the Church Centre have recovered to pre-covid levels. A Gift Day at St John's ralsed around ES,CIIO. and because ol these donaiions. to8ether wlih some 8enerous one-off gifts to Christ Church, the PCC was able to achleve all its linancial tar8eis. In addition. in November 2023. the PCC received an unexpecied 8111 of almost É67,OLX). wilh no restrictions on its use. but the donor requested that some ol the money be used to reduce the amount outstandlng on the Church Centre mort8age- so hall the Bift has been allocated to the Centre Project Fund. Durin8 2023, one of our parishioner5. Dr Ruth Port, very sadly died and bequeathed her house to the PCC, ei(her for use bv the PCC or to be sold and the proceeds to be used to support youih work, with a small proponion bein8 used to repay some ol the loan outstandln8 On the Church Centre mort8a8e. After some discussion, the PCC declded to lake the second option. The estate received probatt just beforè Christmas, and the house is now In the hands ol an estate agent. ReMm5 Olcy The PCC'5 undes5gnated and unre5trlcted cash balance5 at DeceMr 2023 were £119,87212022., £121,017). The lotal cash balances includln8 Designaied, Restricted and Endowrneni Fund5 amounied to £194,16512022,' E166,7391 The maln area5 of PCC expenditure are Parlsh Share, rhe payment of siaff salarles, the suppori ol mlssion and rellef agencles, rhe maSntenance of properties, plus rent and mort8a8e payments, and slnte 2022, the Increased ener8V Costs of heatln8 and 118hting our 3 bulldln85. In addltlon, £8.) of General Fund5 was used to pay part ol the mortgage on St John's Churth Centre and £33,5c ol the unexpected 8ift transferred to the Centre Project Fund. The PCC has a non-contributory pension scheme which Is a Defined Benefit Scheme run by the Church of EThgland Penslon5 Board. It Is auto.eThrolment compliant and the perrnaneni staff were auio-enrolled Inio this scheme in July 2016 compliance wlth the approprlaie le8lslaiion. There Is no1Sabilily lor a deficii at the moment for the Pension Scheme. Règular 8lvlng towards ihe repayment ol th loans on St Johrt's Church Centre tontinuèd to be recél¥èd. Glfts retelved during the year were £18,694 plus £4,271 tax relund on Gilt Aided donations. In addltion, the PCC General Fund subsidised the mort8a8e repayments by £8,000 and the PCC allocated £33,500 of the unexpected donatlon to thls Project. All congregationol loans have now been repaid, leavlng the mortgage loan wlth Vir8ln Money Ipreviously Yorkshire Bank). The out5tandin8 balance at 31 December 2023 wa5 E147,04512022.. £167.5641. The resiricted balance in the Church Centre Project Fund in December 2023 wa5 £41.55412022.. £8.2081. The trustees have a5se5sed the major risks to which the charity 15 exposed. and are 5at15fied that system5 are in place to miti8ate exposure to ihe major risk5. FUle Plans The Charity'5 objective 15 to preach the Gospel, and we plan to do this bv-' ministerlng io the people ol Hartford and Greenbank supportln8 Mission Partners both Sn the UK and ovèrseas lurther developing Ilnks with local Schools and colle8es de¥elopiThR and resourclng new opportunltles for Chrlstlan outreach as they adse These plans a revlewed 8VIa¥ by the PCC through the work of its sub-committees.
THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF ST JOHN THE
BAPTIST. HARTFORD. CHESTER DIOCESE
TRUSTEES, REPORT ICONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2023
Structure governance and mana8ement
The PCC Is a corporate body. Its 8overnin8 documenis are the Parochial Church Councll (Powers) measu 1956 as
amended and the ChLrch Representation Rule5. PCC rnember5 are recruited In a number ol way5. The clergy and
churchwardens are members by virtue ol their office. General Synod and Diocesan Synod members are also ex-officio PCC
members. Deanery Synod represeniatives and elected lay PCC members are elected by the Annual Parochial Church
Meeiin8 IAPCM, also referred to informally as AGMI and hold office for ihree year5.
PCC members and Deanery Synod representatlves are elected Irom both £hL4rches In ihe parlsh. At the APCM In Aprll 2013
a rèsolutlon was passed 10 dividè the elècted places on Deanery Synod and PCC betwèen St John's and Chilsi Church
accordln8 to the ratio between attendance in the two churches. u5in8 a sample month each year.
Ai the APCM Sn Ortober 2020, the slie ol the PCC was reduced to rellett the IncaSed importance of the church sut
committees.
'From the next APCM, Ihe lotal number of elected lay representatives to the Parochial Church Council of St John the 8apti5t
Hartford and Christ Church Greenbank shall be 9, con51sting of 6 from St John'5 and 3 from Christ Church,.
Ai the flrst rneetin8 of a newly elerted PCC. members are rnInded ihat ihey are Charliy Trustees and are 8lven a brlel
summary ol ihelr dulles. On electlon each Trustee completes a Statement OF Trustee's Inieresis and a Re8lster of Trusrees.
Inierests is kept.
PCC Sub-tomrnlttees
In addition to the PCC, we mana8e the actItIeS of the parlsh usln8 PCC sub-committee5.
The Standin8 Committee has delegated p¢)wers to make decisions between PCC meetin8s. subjert to keeping the PCC
Informed.
There are two church svb-commlttees- St john's Cornmiitee and Chrlst Church Comrrliiee, Each committee comprises the
clergyi
Ihose members ol the PCC who worship at each respective church plus addltional members who may be co-opied
for one year.
There15 one MIs5ionary Strategy Group, operating across both churche5. The PCC retalns lull flnanclzl dec15ion-maklnB
powers but where possible other decislons are dele8ated to the relevant church wmmittee.
standSn8 Committee
St John's Committee
ChrI5t Church Comrnittèe
• Mis51onary Slrate8y Grgup
Each church rnay establish further local sub
THE PAROCHIAL CHURCH COUNaL OF THE ECCLESIASTICAL PARISH OF ST JOHN THE BAIlS[. HARTFORD. CHESTER DIOCESE TRUSTEES. REPORT ICOIfflNUED) IPsyxd 24 X1241 IA•swd 25 20231 n8¥t fjrhm Cam¥th• kndre Bylb•ck knsalnd CWI IP• 24 X1241 24 10241 Ymon Gr•atr•x Gr¢Ms A41dr•y X•rr.T• Dknrfd I1•5 24 wll 20241 24 X1241 24•W 10241 Mik• 5nMth 24 20241 29 202JI 14 20241 C•rrlin• 20231 Mix**ll Hrn 144WfjI X124 14 2024 20241 [- Trusleé Trnsl•• 24 September 2024
THE PAROCHIAL CHURCfrI COUNCIL OF THE ECCLESIASTICAL PARISH OF ST JOHN THE BAPTIST. HARTFORD. CHESTER DIOCESE INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF ST JOHN THE BAPTIST, HARTFORD. CHESTER DIOCESE report to the iru5tee5 on rn¥ examin10n ol the financ1 stattments of Ihc Parochial Chufih Council of th Eccle5iastiial Pansh ot ST John the 8ap115t. Hartford, Chester thoce5e Ithe thariryl fN the aT ended 31 December 2023. R¢Jponslbllbtlei •nd •$ of report A5 ihe trustees ol ihe thèrily you ale re5ponyble lov ihe prepalatTr of the finoncwl stèiemenls In accordJnce with the ie4uirements ol ihe Ch•ritiÈs Act 2011 llhe 2011 Act). I report in respect of my examinaiion ol the chariry's fina11 51aiemtnts Carrled unittr 5cnion 145 of ihe 20J I Aci. ln c3rryin8 oyi my examinarion I ha¥e loll¢)wed Ill the applicable Difectit>ns 8tsn by ihe Chaiity Commlssion under 5e£tioTr 14515llbl ol ih 2011 Aa. IDd•p•ndent •x•mlnerfs rt•i•me Since ihe £haritV'5 ir055 incDme exceeded £250.IXiI your eyamiftEr must be a rnernber ol a bpdy listed In stttion 149 01 rhe 201] Act. I conlirrn That l Im qualifsed io vndtrtake The exomination btcause l im a member of The Instltute ot Ch•rttrred Accountants In In814fid and Wales. whlch is one ol thÈ Iisied bods Your aitenTbr is drawn 10 ihe lèrt Ihèi the ch4rily h•$ prepared Siatémtnis In •ccoidance wlih kcouniirÉ and Reportin8 by Chaiitie5 Pfep•ilnB Iheit Kcounis In acctsrd•nre with Ihe Financ¢al Aeporling Stondird applicable in the UK Ind Republ( of Ireland IFAS 1021 in pieleitnce lo kcounlihB and ReportlO8 by Choritie5. Statemenl ol RecomnI0 Prxtice Issued on l Atyil 2C#)5 whKh is reteryed to In ihe extant re£ula15 bui has now been withdrawn. l undersiand ihat Ihls has bÈen thsne In order loi lin1131 statements io provlde a Ivue fair In accordante wlth Generally Accepied Accounllne Practice eftecii¥e for repDrTiry yrlods be8inniry on or alTW i January 1015. I have CDrnpleted my eyam1naifi. I ronlirrn Ihat no maners have coffle to my attèntion in connectlon wlth ihe exarnlnation Biving me cau5E io believe that in any molenal respecl.. ciountin8 Tetords were not kep¢ in FespErt of the charity as reqUId ty settion IJO of tht 2011 Ad- or rhe financ1 stalements do not a£cLYd wlih ihose recofds.. or the linanci•l si•iemenis lo noi cornpty wiih the applicaNe re4ulremen¢S (((e¥Ing the lorrn and eoniert ol accounts set oul in the Charities IAccounts ond Reporisl rte8u1alnS 2CI)8 oiher Ihan any requirtmenl thai ihe ccount5 give a liue and laii which is nol a fflaitei tonsidefed as p•n of an Independenl examlnliion. I have toncerns and have come across no other mitTets in connectM>n with tht examination to 1£h atteThtiM should bc drawn IA thss rèpon Ifi Ofdei to enable a propet understanding ol tho fiftar1 statomonts to be reached. RobErt Hall. FCA MTtchell Charlt5WOrth 24 Nieholas Streei ChÈstef CHI 2AU Oaied..
THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF ST JOHN THE BAPTIST. HARTFORD. CHESTER DIOCESE STATEMENT OF FINANCIALACTIVITIES FOR THE YEAR ENDED 31 DECEMBER 2023 Current fin(la1 y•r Unrtstrlrted funds 2023 R•5trltt funds 2023 ErMlowrnnt lund$ 2023 Total Total 2023 2022 Income •nd endowments Irom.. Donaiions and le8acies Charitable artivitie5 Investments 506,683 39,301 5,369 17,536 26.840 5.332 52 533,523 44.633 5,563 22,722 501,442 50,639 2,078 13,047 142 Other income 5,186 Total Incom• and èndowfflrts 568,889 37.410 142 f(fj,441 567,206 Exp•ndltur• on., Charitable activitles Other expenditure $45,889 17,536 21,184 567,073 17,536 583,367 3,432 12 Tot•1 Mpendlturn 563,425 21,184 584,609 586,799 Net Inwfflellexpendlturel 5,464 16.226 142 21,832 119,5931 Translers betweèn funds 120,9971 20.997 Net m0ment In fvnds 115,5331 37.223 142 21,832 119,5931 Rec<>nclllatlon ol lunds: Fund balances at l January 2023 1,286,522 14.295 4,421 1.305.238 1,324,831 Fur*d bal4n¢es at al Dttember 2023 1,270,989 51,518 4,563 1,327,070 1,305,238 The statement ol flnanclal aciivltles includes all 8alns and losses retognSsed In the year. All Income and expendlture derive from continuin8 actlvlties.
THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF ST JOHN THE BAPTIST. HARTFORD. CHESTER DIOCESE STATEMENT OF FINANCIALACTIVITIES (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2023 Prlor fin•n¢ll ¥r Unr•5trltt funds 2022 R•strirtod funds 2022 Endowrnrt lunds 2022 Total 2022 Notes Income •nd endowments Irom.. Donaiions and le8acies Charitable artivitie5 Investments 474.850 44.318 1,948 7,793 26.592 6.321 73 5,254 501,442 50,639 2,078 13,047 57 Other income Total Incom• and èndowfflrts 528.909 38.240 57 567,206 Exp•ndltur• on., Charitable activitles Other expenditure 552,297 3.432 31,070 583,367 3,432 12 Tot•1 Mpendlturn 555,729 31,070 586,799 Net Inwfflellexpendlturel 126.8201 7,170 57 119,5931 Translers betweèn funds 12.052 112.0521 Net m0ment In fvnds 114,7681 14,8821 57 119,5931 Rec<>nclllatlon ol lunds: Fund balances at l January 2022 1.301.290 19.177 4.364 1,324,831 Fur*d bal4n¢es at al Dttember 2022 1.286,522 14,295 4,421 1,305,238
THE PAROCHIAL CHURCH COUNaL OF THE ECCLESIASTICAL PARISH OF sr JOHN ThE BAPTisf. HARTFORD. CHESTER DIOCESE BALANCE SHEET ASAT31 DECEMJER2023 Flx•d Tan8ltrAe x•ts .636 192.744 12,201 164739 203X) 134) In.940 lJ7.2401 169.072 141.700 iJ27.J25 1197.Xi) 1222x4n lJ27JJn¥ LJOS338 LJ27A170 IJ05231 4h21 14,295 iJX322 Il•strlcl•d IrNfi•lpMth 1270.9 (w r*arn cpbe1
THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF ST JOHN THE BAPTIST. HARTFORD. CHESTER DIOCESE STATEMENT OF CASH FLOWS FOR THE YEAR ENDED 31 DECEMBER 2023 2023 2022 Not•s Cash flow5 from operatlng irtNitle5 Cash generated from operation5 46.011 2,627 In¥e5t1 •¢tMtles Purchase ol tangible 1Sxed a55etS Investment income received 16931 5.563 13591 2,078 Net c•sh yn•r•t•d from Inwstln¢ Jrtlvltb•s 4,870 1,719 Flnanclnl actlvltles Repayment ol bank loans 124.8761 124,2491 Net <•sh used In Iln•n¢lni •¢tlvltles 124,8761 124,2491 Intr•aièlldttras•l Sn <h •nd tash equlvalènts 26.CQ5 119,9031 Cash •nd cosh eoulvalents ai be8lnnlng ol year 166,739 186,642 C4sh •nd ush •qulv•l•n¢s •t •nd ot y••r 192.744 166,739 10-
THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF ST JOHN THE BAPTIST. HARTFORD. CHESTER DIOCESE NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023 A¢coundn8 pollcles Char¥ Intomiatlon The Parochial Church Council ol the Ecclesiastical Parish of 5t John the 8aptlSl. Hartford, Chester Diocese is an unlncorporèted chariiy re8isiered in En8land and Wales. The primary correspondence address is St John's Church Centre, School Lane. Hartlofd. Northwlch, CW8 INP. 1.1 con¥entlon The financial statements have been prepared in actordance with tht charity's Parochial Churth Councll (Powers) Measure 1956, the Church Representation Rules, the Charitie5 Act 2011 and "A£countin8 and Reportin8 by Charitie5'. Statement ol Recommended Praciice 3pplicable to charities preparing their accounts in accordance with the Financial Reportin8 Standard applicable in the UK and Republic of Ireland IFRS 1021 (effective l January 20191" The charity is Public Benefit Entity as defined by FR5 102. The tharity has taken advantagè of the provlslons In the SORP lor ¢harllles applyin8 FRS 102 Updait Bulletln I not to prepare a Ststement ol Cash Flows. The linanclal statements are prepared In 51erlin8, whlch Is the lunctlonal currency ol the charlty. Monetary amounts In these financial statements are rounded to the nearest £. The financial ststements he been prepared under the hlstorkal cost conventlon. The prlncipal aCCOUDtlna policles adopted are set out below. 1.2 Golrtg tonc•rn Al the tlme of approvin8 the finaniial statements, the trustees have a feasonable expectatlon that the charlty has adequate re5oiurie5 to contlnue in operatlonal existente for the loreseeable luturt. Thu5. thE trustees continue to adopt the goin8 concern ba515 01 accounting in preparing the financial statements. 1.3 Ch4rltablt fvnds Unrestricted funds are avaSlable for use ai the discreiion of the irustees In furiheran¢e ol thelr charltable oblertives. Restricted funds are sublect to specific conditlons by donors or grantors as to how they may be used. The purposes and Uses of the restricted funds are Set out in the note5 to the financial 5tatement5. Endowment lunds are subject to Specific conditions by donors that the capitsl must be maintained by the charitv. 1.4 Incom• Intotne is recogni5ed when the charity 15 legally enlitled to it after any performance conditions have been mEt. the amount5 can be measured reliably. and it 15 probable that incorne will bE received. Cash donations are recognised on receipt. her donaiions are reco8nised once the chariiy has been noiilied ol ihe donation, unless performance condliions reouire delefral of ihe amouni, Incorne ia¥ recoverable relation to donations received unt1er Glft Aid or deeds ol £ovenant Is recognlsed at the time ol ihe donaiion. Le83cles are recognlsed on receipt or otherwise if the charlty ha5 been notitied of an impending distribution, the amount Is known, and recelpt is expected_ If the amouni Is not known. the legacy is treated as a contingent asset. charble ActSvttle5 The Charity has only one charitable aCtIty, therefo all 8o¥ernance costs have been allocated to support costs. 11
THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF ST JOHN THE BAPTIST. HARTFORD. CHESTER DIOCESE NOTES TO THE FINANCIAL STATEMENTS ICONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2023 Accountln8 pollcl•s Icontlnuedl 1.5 T•n8lble flxed a95ets Tan8lble li¥ed assets are Inltlally measured ai cost and subseouently measured at cost or valuatlon, net ol depreciatlon and any Impairment losses. Oepre£Sation Is recognised so as to wfiie off the cost or valuatlon of assets Itss ihelr resldual values over ihelr useful lives on the following bases.. Freehold land and buildings Fixture5. furniture and equipment 50 years or shown at ori8lnal purchase price, not depreciated Between 3 and 5 year5 The 8aln or10ss arising on the disposal ol an asset is determlned as the difference between the sale proceeils and the carrylng value ol rhe asset. and Is recognised Sn the statemeni ol financlal actlvltSes. 1.6 IMlmInt of fId assets Ai each reporilng end dale, the charlty reviews the carrylng amounts of its tangible assets io deiermlne wheiher there Is any indication that those assets have suffered an Impairmeni loss. 11 any such indlcaiion exlsts. the retoverable amount ol the a55et is tstirnated In order to determlne the extent of the irnpairment105s lif anvl. 1.7 C•5h and cash equlvalents Cash and co5h equivalent5 intlude cash in hand, deposits held at call with banks, other short-term 1Squid Investments with original maturltit5 of three months or lèss. and bank overdrafts. Bank ¢)verdraft5 are shown withln borrowing5 In 1.8 Fln•n¢l•l Instruments The charlty ha5 elected to apply the provlsSons ol Settlon 11 'Basic Flnancial Instruments, and Section 12 '0ther Financial Instruments 15sue5' of FRS 102 to all ol its financial instruments. Flnancial instruments are recognlsed In the Iharity's balance sheet when the charlty becomes party to the contractual provlsions of the Ins1rMen1. Flnancial a55els and liabilitle5 are offset. wlth the net amount5 presented In the financial statement5. when there is a legally enforceable right to ser off the reco8ni5ed arnount5 and there Is an Intention to settle on a net ba515 or to reali5e the asset and seiile the liability simultaneously. 8o51¢finonclql?55ets Basic financial as5et5, which include debtois and cash ond bank balance5. ère initially rnea5ured at transaction price includirbg transaction cost5 and are 5vb5equently carried at arnort15ed c05t using the effective interest method unless the arrangernent constitutes a financing transaction. where the transaction 15 measured at the present value ol the future receipts discounted at a market rate ol interest. Financial assets cba5silied a5 receivable within one year are not amortised. 12-
THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF ST JOHN THE BAPTIST. HARTFORD. CHESTER DIOCESE NOTES TO THE FINANCIAL STATEMENTS ICONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2023 Accountln8 pollcl•s Icontlnuedl oskfintsnclolllobllltles 8asic financial liabilitie5, including creditors and bank loans are initially recogni5ed at transaction price unless the arrangement constitutes a financin8 transacrion. where the debt instrument is measured at the preseni value ol the luture payments discounied at a market rate ol inierest. Financial liabilities classified as payable within one year afe not amortlsed. Dtbt Instruments art subsequently tarrled at amortlstd cost, uslni the effective Interest rate rnethod. Trade creditors are obliÉatlons to pay for Roods or servlces that have been acqulred In the ordlnary course of operatlons Irom suppllers. Amounis payable are classlfled as curreni Ilabllities if payment Is due wlthin one year or less, If not, Ihey are presented as non-curreni Ilablli1Ses. Trade creditors are reco8nised initlally at transattion price and subsequently measured at amort15ed cost using the effective interest method. Derttognltlon olflnanclolllobllltlts Financi31 liabilities are derecognised when the charlty's contractual obliBatlon5 explre or are dlschar8ed or cancelled. Crftlul •¢¢ountlni ertlm•teJ •rd ludyments In the appllcatlon ol the charity's accountin8 policie5. the tru51ee3 are required to make ludgement5. estimates and assumption5 about the carryln8 amount of ossets and Ilabllitie5 that are not readlly apparent from other sources, The estlmates ancl associated assumptions are based on hlstoclcal experience and othec fauors that are considered to be relevant. Actual results may dlffer Irom these estlmates. The e5tirnate5 and underlying a55umption5 are reviewed on an on6oln6 ba515. Revislons to accounting estirnates are recognised in the period in which the estimate is revised where the revision affects only that period. or In the perlod of the revision and future periods where the Tls1on allecrs both current and future periods. Income from donions and lepdes UDr•strl¢t•d fund% 2023 R•strl¢t•d lunds 2023 Tot•1 Unr•Jtrkted funds Z02Z R•strkted funds Z021 Tot•1 2023 2021 Donatlons and gifts Le8atie$ receivable 502,433 4,250 26.840 529,273 4,250 474,850 26,592 501,442 506,683 26,840 533.523 474,850 26,592 501,442 13-
THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF ST JOHN THE BAPTIST. HARTFORD. CHESTER DIOCESE NOTES TO THE FINANCIAL STATEMENTS ICONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2023 In¢ome from Charble artlvltbes Unr¢5trScted lunds 2023 R¢#rSd¢d lunds 2023 T¢>to1 Unreslrlcted funds 2022 Reslrkted funds 2022 Toial 2023 2022 Sale of 8ood5 Other Income 5,355 33.946 5,332 10,687 33,946 5,695 38,623 6,321 12,016 38,623 39.301 5,332 44.633 44,318 6,321 50,639 5 Inr¢m• Irgm Investments Unr•strlrt•d A•strkt•d Endowm•nt fvnds lunds fvnds 202J 2023 2023 Total Unr•strla•d A•itdrt•d Endowm•krt lunds fvnds funds 1022 2021 2022 Tot•1 2023 2021 Interest on PCC funds 5.369 52 142 5.563 1,948 73 57 2,078 Oth•r In¢om• Unr•5trSd funds R•strlrt•d fvnds Totsl Unrestricied funds Restrirted lunds Total 2023 2023 2023 2022 2022 2022 Donatlons to be sent to other charities Par¢xhial lees collection for diocese Sundry Income 17,536 17,536 7,793 7,793 3,209 1,977 5,186 5,254 5,254 17.536 5,186 22.722 7,793 5.254 13,047 14-
THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF ST JOHN THE BAPTIST. HARTFORD. CHESTER DIOCESE NOTES TO THE FINANCIAL STATEMENTS ICONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2023 EMpend6ture on tharltable adlvliles 2013 2022 Olrert costs Depreciation and impalrment Donatlon5 to Mis51on and Relief lqencies Costs of Charitable Attivitles wlthin the Parish Supporr Cosrs in suppon of Charitable Activities Support Cosis 31.109 45.806 31,921 62,050 395,528 76,770 17,098 35,184 14.974 567.073 583,367 An•tysls by fvnd Unrestrlcted lund5 Re5trlcted lund5 545.889 21,184 552,297 31,070 567,073 583,367 Independont Ex•mlMrf$ RemunMtlon The arnount yable to the Independent Examlner iotaled £1,938 12022.. £2,184) Thls t•1 can analysed follows.. Independent Examination leès £1.938 12022.. £1,764I, Fee5 lor other work- £Nil12022.. £4201. Net mo¥ement In fvnds 2023 2022 The net movement In funds is stated after charBingllcreditln81: DeprecSatlon of owned ian8Sble fixed assets 31,109 31,921 io Trustè•5 Expenses amountin8 to É10.408 were paid to 3 Trustee$12022- Expe amountin8 to £7,917 We paid to 3 Trustees). The maln expenses Incurred wefe car irabl, publlc transport. purchase of theolo8lcal books, telephonelmc+bllellnternet costs. allendantè at confèrences & tralning Courses and computèr hardware & softwarè. Wlth the emceptlon of those d15closed above and below in Note 27, there were no other disclosable transactlons In respert of PCC members, persons closely connerted wlth them or related parties. None of the tTU5tee5 held paid p051tion5 Wlthin the charity during the time that they were trustees. None of the current trustees of the charrty currently hold paid p05itiowi5. 15-
THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF ST JOHN THE BAPTIST. HARTFORD. CHESTER DIOCESE NOTES TO THE FINANCIAL STATEMENTS ICONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2023 li Employee5 The avera8e monthly number of employees durln8 the year was.. 2023 2022 Numbèr Number There were no employees whose annval remuneratlon was more than £60.OCQ. Rmuner•tlon ol koy mana8em•nt PQfsonnl The remuneration ol key management personnel wa5 •$ follgws: The stlpendiary clergy are office holders not employees and are pald a stlpend throu8h the Dlocese, the non-stlpendlary clef8Y (eIVe no remuneration for their service. 12 Oth•f •xp•ndltur• Unr•strlrt•d fvnds 2013 Unrestrkted funds 1022 Donatlons sent lo otr charitits 17.536 3,432 IJ T•x•tlon The chafSty 55 exempt from taxatlon on rts actSvi1Ses because all Sts income Is applled for charitable purposes. 16-
THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF ST JOHN THE BAPTIST. HARTFORD. CHESTER DIOCESE NOTES TO THE FINANCIAL STATEMENTS ICONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2023 14 T•nglbl¢ Ibxed a95ets Fmh¢4d l•nd Flrtuw T•t•l tywpmert At l janary 2023 Additions 1,747,215 79,248 693 1,826,463 693 Al 31 December 2023 1,747,215 79,941 1,827,156 D•prnclatlon ind IMp•1mnt Ai l January 2023 Depreciation charged in the year 362,633 30,S63 78,205 546 440,838 31,109 Al 31 December 2023 393,196 78,751 471,947 C•rrylnB •rnount At 31 December 2023 1,354,019 1,190 1.355,209 31 December 2022 1,384,582 1,043 1,385,625 15 Debtors 2023 2022 Amounts hlllnl due wlihln on• y•ar: Other debtor5 Prepayment5 and accrved income 10,336 300 11,057 1,144 10,636 12,201 16 Ln5 and o¥erdr•ft5 2023 2021 8ank loan5 221.611 246,487 Payable within one year Payable alter one year 24.41x1 197.211 24,400 222,087 17-
THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF ST JOHN THE BAPTIST. HARTFORD. CHESTER DIOCESE NOTES TO THE FINANCIAL STATEMENTS ICONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2023 17 (d0. 4mounts fallln8 due vAthSn one ar 2023 2022 Notes 8ank loans Deferred income Trade treditors 16 19 24,400 24,400 1,803 11,037 9,908 34,308 37,240 Bank loans Include mortga8es totallln8 £24,4{2022 - £24,4O)I whlch are secured a8alnll propertles held wiihln flxed asseis, IB Crdllon.' Imounts tslllni du• ft¢r more thn on ye*r 1023 2021 Noteg 8ank loan5 16 197,211 222,087 8ank 103n5 Include mortga8es totalling £197,21112022 - £222,087) which are secured a8ainst propertles held withln Il¥ed assels, 19 D•ferYtd Incomo 2023 2022 Arising from Amounts receibyd in 2022 relating to 2023 1,803 Deferred income Is Included In the financial statements as follow5.. 2023 2022 Deferred income 15 included within.. Current liabilbtiès 1,803 Movemenis In the year.. Deferred income at l January 2023 Released from previovs period5 Resource5 defefTed in the year 1,803 11.8031 1,803 Deferred income at 310ecember 2023 1,803 18-
THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF ST JOHN THE BAPTIST. HARTFORD. CHESTER DIOCESE NOTES TO THE FINANCIAL STATEMENTS ICONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2023 20 Endowment lunds Endowment funds repSent assets whlch MU be held pemianently by the charlty. Income arlslng on the endowment fund5 can be used In accordance with the objetts of the charlty and Is Included as unrestricted Income. Any caplial galns or losses ar151ng on the a55ets form part of the fund. At l January 2023 Incornlng At 31 December resourus 2025 P¢rminert end¢wmnIs 4.421 142 4,563 Pre¥lou5 yY•r: At l J•ny•ry 2022 Incornlnt At 31 December 2022 Peiman•nt •ndowm•nts 4.364 57 4,421 21 Rèrtrfrt funds The restrlcted funds of the chaty cornprlse the unexpended balances ot donations and grants held on trust subject to speiific conditlons by donors as to how they may be used. At l J•nu•ry 1023 Inmmlni Resourns rsour¢•s xperKled Tr•nsl*rn At 31 D•cember 1023 14,295 37.410 121.1841 20,997 51,518 Pr•vSou5 y¢ar: At l January 2021 Irbmfflln8 r•sour¢•s Transfvr5 At 31 D•c•mb•r 1022 •xp¢nd¢d 19,177 38.240 131.0701 112,0521 14,295 19-
THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF ST JOHN THE BAPTIST. HARTFORD. CHESTER DIOCESE NOTES TO THE FINANCIAL STATEMENTS ICONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2023 Unrestrlcted fvnds The unrestrlcted funds of the charlty comprlse the unexpended balances oldonations and eranis whlch are not subject to speciflc condltions by donors and 8rant015 as to how they may be used. These include deslgnated lunds which have been Set a51de out ol unrestricted funds by the trustees for SPifiC purpose5. At l January 2023 Intoml resources Re50urc•s expended Translrs At 31 December 2025 General funds 1,286,522 568.889 1563.4251 110,9971 1,270,989 Prnvloui y4•r: At l J•nu•ry 1022 In¢omlni r•sourc•s R•sour¢s •xp•nd•d Tr•nsl•N At 31 D•¢4mber Z022 General lunds 1.301,290 528.909 1555.7291 12,052 1,286,522 23 Analy5 of n•t alts tIen lunds Unr•strlrt•d funds 2023 R•strlrt•d Endowm•nt lunds luDds 2023 2023 Tot•1 2023 At 31 December 2023: Tan8lble assets Cvrrent a5setsllllablllllesl Long term Ilèbilities 1.355.209 112.991 1197,2111 1,355,209 169,072 1197,2111 51,518 4,563 1.270.989 51.518 4,563 1,327,070 Unrstrlrtéd funds 2022 RstrSded fund$ 2022 Endowmènt funds 2022 Total 2022 At 31 December 2012: Tangible assets Current assets/lliabilitie51 Long term Ilabllities 1.385.625 122.984 1222.0871 1,385,625 141,700 1222,0871 14.295 4.421 1.286,522 14,295 4,421 1,305,238
THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF ST JOHN THE BAPTIST. HARTFORD. CHESTER DIOCESE NOTES TO THE FINANCIAL STATEMENTS ICONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2023 24 P¢nslons The PCC partlclpaies In the Penslon Builder Classlc Scheme settlon of CWPF for lay staff. The Scheme Is adMlnlered by the Church of England Pensions Board, whlch holds the assds of ihe schemes separately from those of the PCC and the other participating employers. 25 Operlni lease Commltments At the reportin8 end date the charlty had out5tahding t¢mmltm¢nts for future mlnlmum Itase payments under non- cancellable operating leases. whlch fall due as follow5-. 2023 2022 WithSn one year 20,000 26 Ewdnti aft•rth• r•pOrt1 dat• Oetalls of events after the reporling period can be seen in the Trustees report. These subsequent e¥ent5 are deemed to be non-adjustlng evenis. 27 R•lat•d party transartknl Tr•nyrtlons wth l•t¢d p•rtles Ouring the year the charity received total donations 01 £64.861 12022.. £49.7371 from thè tfU51ee5. All donation5 received fr9m the Iru5tees were received without conditions. 21