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← The Parochial Church Council Of The Ecclesiastical Parish Of St Nicholas With Tortington, Arundel

2023-12-31-accounts

The Parish of Arundel with Tortington

Seeking and Sharing the Beauty of God, the truth of his word, and the goodness of his love

Annual Report For the year ended 31[st ] December 2023

Contents

Page
Agenda 1
2023 Annual Parochial Church Meeting Minutes 2
Annual Report 3-12
Independent Examination Report 13
Statement of Financial Activities 14
BalanceSheet 15
Notes for the Financial Statements 16-24

AGENDA

Annual Meeting 19[th ] May 2024 at 11.30 am

1

Minutes of the Annual Parochial Church Meeting of the Parish of Arundel with Tortington

Sunday 28th May 2023

A Meeting of Parishioners

Election of Churchwardens: Helen Summers and Ian Graham were re-elected for a further year. They were both thanked for their work over the last year and their support and encouragement especially to Fr. David.

B Annual Parochial Church Meeting

  1. Welcome and Apologies for absence: The Chairman welcomed everyone to the meeting, there were 35 present. Apologies were received from John & Marilyn Morrison, Alastair & Fiona Maxwell.

  2. Approval of the minutes of 28th May 2022: The minutes from APCM 2022 were approved.

  3. Matters arising: The Heritage Exhibition had been a wonderful success and a great moment in the life of the church. The organisers were thanked.

  4. Proposal from the Chairman: ‘This meeting agrees to vary the Church Representation Rules by removing the necessity to step down from the PCC for 12 months following the completion of a three year term as an elected member of the PCC’. This was approved and will take effect from the 2024 Annual Meeting.

  5. Election of 6 members of the PCC: Debra Lee, Jan Wyborn, Peter Cowley, Maria Wilcock, Alastair Maxwell, Janey Gardiner were all elected as new members.

  6. Election of 4 lay members of Deanery Synod: Roy Haworth, Ken Merron, Isabelle Pietersz and Margaret Gibson were all elected.

  7. Annual Report for 2022: This had been circulated.

  8. i. Electoral Roll: There were 154 members on the Electoral Roll.

  9. ii. Safeguarding: Thanks were given to Helen Summers, the Safeguarding Officer. She stressed the importance of the safeguarding training.

  10. iii. Finance Statement: The deficit was being taken seriously. Some money from the reserves had been used which meant the reserves had been reduced.

  11. iv. Fabric: The Fabric committee was thanked and they were working on the grant application to the Lottery for work on the south aisle and roof.

  12. Reappointment of Kreston Reeves as Financial Auditors this was approved.

  13. Any other business the necessity of having an auditor was explained.

  14. Chairman’s closing remarks: Fr David encouraged everyone to hold faith to the Truth and to use the gifts of the Holy Spirit in our community. He thanked everyone for their faithfulness and support. The churchwardens on behalf of the congregation thanked Fr David for his ministry over the last year.

The meeting ended with prayer and blessing.

2

Annual Report for the Year Ended 31[st ] December 2023

Administrative Information

St. Nicholas is situated in London Road, Arundel. It is part of the Diocese of Chichester within the Church of England. All correspondence should be addressed to the Parish Office, London Road, Arundel, West Sussex, BN18 9AT.

The following served as members of the Parochial Church Council (PCC) during the year:

PCC Secretary: Margaret Gibson Parish Safeguarding Officer: Helen Summers

Structure, Governance and Management St. Nicholas'

The PCC is a charity registered with the Charity Commission, Registered Charity Number 1134404. The method of appointment of PCC members is set out in the Church Representation Rules 2017. PCC members are responsible for supporting the Vicar in the mission and ministry of the church, the parish finances, and maintaining the church building.

The full PCC met four times during the year. Given its wide responsibilities the PCC has a number of committees each dealing with a particular aspect of parish life. These committees, which include Standing Committee, Fabric, Finance and Heritage, are all responsible to the PCC and report back to it regularly with minutes of their decisions being received by the full PCC and discussed as necessary. Since the pandemic, only the Fabric and Finance committees met regularly in 2023. Other working groups are organised for specific projects as necessary.

The PCC is committed to the safeguarding, care and nurture of all the members of the parish and takes due regard to guidance issued by the House of Bishops on matters relating to the safeguarding of children and vulnerable adults.

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Trustees’ Annual Report

Aims and Purposes

St. Nicholas' Parochial Church Council (PCC) has the responsibility of co-operating with the incumbent, the Reverend Canon David Twinley, in promoting in the ecclesiastical parish the whole mission of the Church, pastoral, evangelistic, social and ecumenical. The PCC is also specifically responsible for the maintenance of the Church of St. Nicholas, London Road, Arundel, and the churchyard of St. Mary Magdalene, Tortington.

Objectives and Activities

When planning our activities for the year we have considered the Commission's guidance on public benefit and in particular the supplementary guidance on charities for the advancement of religion.

In particular we try to enable people to live out their Christian faith as part of our parish community through:

Worship and Prayer

The church is open daily for prayer. There are a variety of services during the week, including a Eucharist on Tuesday, Wednesday and Friday, and services at 8am and 10am on a Sunday, with Choral Evensong on the first Sunday of each month.

There were 143 parishioners on the Electoral Roll in 2023. The average number in the congregation at the Sunday 10 am Eucharist was 82; 16 at the 8am service and 25 at the monthly Sunday Evensong.

During the year there were ten funerals in St, Nicholas', one cremation from the church and three interments of ashes in the churchyard. There were six weddings and 24 baptisms.

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Pastoral Care

Most of the pastoral care is undertaken by the clergy. This includes home visits during times of sickness and bereavement, regularly visiting St Richard’s Hospital and the Priory Care Home and taking communion to any who ask to receive holy communion at home.

The Healing and Prayer Group has continued to meet online throughout the year. Every week they pray for those on the prayer list and for those who have requested it.

The three Authorised Lay Ministers continue to support individuals in the community.

Sunday Group

Our Sunday Group for primary school-age children (aged between 4 – 11 years) has had another good year. The sessions have been regularly attended by an average of 8 children a week with 10 -15 children some weeks. The group is held every Sunday during the 10am service during term time other than the first week of each month which are Family services when the children are encouraged to read and serve as acolytes in the Sanctuary.

The children attending are from a number of local schools but predominantly ACE. We have a great team of Leaders and helpers who help provide a child-friendly look at the day’s Gospel reading using relevant activity or craft to help understand the message. There are also occasional guest speakers from the Clergy or congregation that give variety to these sessions.

Safeguarding

We state as a parish,“St. Nicholas' Parochial Church Council is committed to the safeguarding, care and nurture of all our members. We recognise that safeguarding is everyone's responsibility. We are committed to implementing all safeguarding policies and practical guidance issued by the House of Bishops in April 2021.”

'Safeguarding is at the centre of our faith, in our practice, in our worship, in our praying and in our believing. In other words, safeguarding needs to become integral to the very DNA of the church rather than an appendage, with good safeguarding behaviours flowing naturally and intuitively'. As a result the following are in place:-

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We now have 17 members of the congregation with up to date First Aid training. Eleven undertook a day’s training on 9 September 2023 and there are six who require a certificate for their workplace and are willing to be called upon at church. The First Aid box has been updated and the names of the First Aiders are posted in the church porch.

Mission and Outreach

Canon David keeps in touch with parishioners via a regular newsletter as well as through the detailed pew sheets on Sundays. St. Nicholas' is proud of its reputation in giving a warm welcome to visitors, not only on Sundays and at other services but on weekdays, through the system of daily stewards on duty. Before the pandemic more than 25,000 visitors come to the church from all over the world. The numbers have risen again since then, though not quite to previous levels.

Monthly community lunches were introduced in 2022, in response to the numbers of more vulnerable and lonely people we supported through the pandemic. Although we wished to continue to offer practical support and friendship to these people, we were delighted to welcome new friends in 2023. It is particularly pleasing to welcome guests from all sections of the community. It is popular and much appreciated. Numbers attending increased to a regular 40 – 45 guests through 2023.

St Nicholas continues to offer a wide range of activities and events to engage the local community acting as a hub for social occasions as well as offering safe space and opportunities for reflection and prayer:

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Ecumenical Relations

St Nicholas has always maintained good relations with Arundel’s Roman Catholic community.

The Ecumenical partnership with the Roman Catholic parish of Stegaurach in Southern Germany continues as strongly as ever with a planned visit to Arundel in 2024.

Supporting Charities

St Nicholas has supported Turning Tides (for homeless people in Worthing and Littlehampton) and Diocesan Family Support Work together with the Littlehampton Food Bank.

A major outreach project comprising both financial and practical support is undertaken by the FEAST project (For Educational and Social Transformation) for the fishing communities in Tamil Nadu, Southern India.

2023 saw life return to pre-COVID conditions with schools fully open and fishing restrictions lifted.

New challenges faced the project, most noticeably the considerable increase in elderly persons who looked to FEAST for support.

£51,882 was raised through sponsorship and donations. The Christmas Gift Appeal was a success again and focused primarily on providing goats for members of a Dalit village. 205 children were supported in their education, together with 59 elderly and 4 Nursing students. The project continues to make a difference to some of the poorest of the poor.

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Friends of St Nicholas

Friends’ activities in 2023 included a Mike Carey Jazz evening on 3rd June attracting 160 attendees. The Friends’ Choral Evensong on 18th June was intended to be followed by a reception in the Collector Earl’s Garden but heavy rain meant the reception with the jazz quartet playing was held in the Church with the option to tour the Garden.

Then on September 13th Rupert Toovey gave us “Treasures from your home” – a delightful afternoon with Rupert generously giving his time and expertise in discussing and valuing a large range of items brought in by ticket holders.

The Swallow Club continued to attract strong attendance numbers with this year’s speakers being David Dinnsmore, Peter Constable-Maxwell, Alastair Deighton and John Godfrey.

Our income sources were as follows: 100 Club income £6610 Membership subscriptions £1230 Donations £31418 Fundraising events £4526

As at December 31st 2023 the Friends have £269,883 for the Church to call on when required. Of that total, restricted funds are: West Window fund - £15,000 and The South Aisle fund £50,000.

Maintaining the Fabric of the Church

St Nicholas’ Church is listed as a Grade 1 building by Historic England. However, this national assessment also contains a long standing “At Risk” classification with the condition of the roof, West Window and surface water drainage system being key areas to address.

The visible wall paintings, although now stabilised, remained a cause for concern, as did the condition of many of the other fine stained-glass windows, and the much-loved organ. Access arrangements, kitchen facilities and toilet provision all required updating and the intention was to address many of these items via an “up to £250,000” Heritage Fund grant application in 2023. However, the rules for such an application were completely revised and planned application work had to be postponed. The Vicar, Churchwardens, Treasurer, and Restoration Coordinator, John Morrison, continued to give time and energy to securing grant support for this major restoration work.

It is important to record that fundraising by the Friends of St Nicholas, and individual anonymous donors, throughout 2023, provided an extremely strong basis for the grant application, once it can be submitted. A further 2023 anonymous donation means that work restarted on providing permanent access to the Parish Garden area.

Programmes of building maintenance are firmly established at St Nicholas’ Church. Monday mornings are the core cleaning and fixing times and the team of Holy Dusters, led by Jean Whittaker, continued to have an obvious and positive impact within the building, while Ken Merron, Fred Long, and Pete Cowley completed a wide range of tasks on the roof, in the drive, inside the building and down in the old boiler house. Jeannie Saunders, Debbie Lee, Griff Thornton, and Karimah Butcher regularly “added value” inside and outside of the church, while Charles Smiles, in addition to his worship focused Verger roles, provided a lead in addressing a variety of health and safety routines. Charles was at the centre of

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detailed checking and repair of the entire electrical system.

The church was fortunate in having all these individuals, and the teams that they lead, providing regular and effective care of the church estate.

Sadly, a stalwart of a wide variety of church care activities, Nigel Saunders, passed away in 2022. Jeannie Saunders donated new church drive lights in his memory, and the plugging in of the bollards and additional lights for a large holly tree, throughout Advent, was another reminder of tasks happily addressed by Nigel over a great many years.

Finance Committee

The Finance Committee is charged by the PCC to ensure that the financial affairs of the church are handled prudently and in accordance with Charity Law. The Committee, which includes the Treasurer, generally meets four times annually but this has not been possible in the year under review. The Committee sets and monitors a budget for recurrent costs (e.g. church running expenses, maintenance, Diocesan Parish Share) and income from the Parish Giving Scheme, collections, Gift Aid and appeals. Working with other church committees the aim is to ensure the financial stability of St. Nicholas' with Tortington.

This year we have seen a much improved income from services and from the Giving terminal and the chest donations. We have also started to recover VAT on maintenance work through a government scheme. The balance of General income and expenditure this year have improved but still showing a deficit of £4,505 (2022 - deficit £14,383). This was helped by a significant amount from the church fete and also a much better rate of interest on our deposit accounts. Further work will be needed to try and restore the unrestricted reserves consumed with these deficits in 2022 and 2023.

Total funds at the balance sheet date were £122,398 (2022 - £119,729). Of these £97,058 (2022 - £89,884) are held as restricted funds and £25,340 (2022 - £29,845) are held as unrestricted funds. The charity does not have any funds held as tangible fixed assets and therefore free reserves are equivalent to unrestricted funds. The reduction in restricted funds was mainly due to increased maintenance work.

A further £26,677 (2022 - £24,386) of restricted reserves are held as fixed asset investments which is good to see the increase in value that has nearly recovered the losses of 2022.

It is the Trustees' policy to hold reserves equivalent to 6 months' expenditure.

A significant amount of expenditure has occurred on minor improvement works on the fabric of the church as we seek to prevent water ingress and on some electrics that required refurbishment.

The PCC continues to raise restricted funds to restore the church, securing the building for future generations and is also embarked on a project to create a Parish Garden on land made available from the Norfolk Estate adjacent to the Churchyard.

In 2023 contributions via the Parish Giving Scheme have remained stable and many contributors consent to an annual inflation increase which is very valuable to keep pace with increasing costs. A very important aspect of the PGS is the Gift Aid received on a substantial number of contributions. All parishioners are encouraged to make their regular, hopefully inflation linked, giving through this scheme, particularly as it assists in recovering Gift Aid and minimising administration.

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St Mary Magdalene Church, Tortington

During 2023 services, led by Canon David, were held at Tortington. The Friends of Tortington Church provided a variety of events raising funds to cover the maintenance costs of the church and increasing funds available for renovation of the bell turret. Care of the churchyard, a responsibility of the PCC of St Nicholas, was ably led by Di Somerville but several work parties helped to ensure that the churchyard remained a place of beauty and peace.

People

St. Nicholas' has always been extremely fortunate in the number of people willing to carry out a multitude of voluntary tasks. Very special thanks should be given to the Revd. Andrew Wadsworth for his ministry and regular faithful assistance at both church and school services. Much appreciation, too, to Fiona Maxwell, the Parish Administrator for such loyalty and patience. Thanks are also due to Roy Haworth, the Treasurer and the current Finance Team of Diane Somerville and Steven Trigg.

Much appreciation is due to Sarah Plumley, our gifted organist and choral trainer, and to the choir for their great support and loyalty as well as their wonderful singing.

The team of sidesmen and stewards are ably led by Verger, Charles Smiles and are a reliable and consistent support at every service throughout the year.

Many thanks and appreciation to Ali Maxwell and his team of kitchen and waiting staff. They have catered for many occasions held at or for the church with exceptional skill (in a very small space) and very good food.

We thank John Ward for some high quality repairs and renovations in metal and wood work in the church. Not only has he saved the church from high costs, but he has enhanced the beauty and prolonged the life of several precious features in the church with his craftsmanship.

Thank you, too, to Griff (Sarah Jane Thornton) for the care and attention she gives to churchyard garden as well as all the physical labour she puts in. It always looks beautiful.

We said farewell to Deacon John Smith and his wife Lorraine, in April 2023. They have returned to Australia. We wish them both well and appreciate the loyalty, friendship and generosity in all they did at St Nicholas.

Very sadly Clare Toole Mackson passed away in July 2023. We miss her and all that she did for St Nicholas, not least as PCC Secretary. Her professionalism, courtesy and loyalty were greatly appreciated, as much as her gentle and faithful good humoured presence was in so many different areas of church life.

We were sad to hear that Fr Bob Aiton passed away in September 2023. As a retired priest, he worshipped at St Nicholas and occasionally assisted at services. He was a kind, thoughtful and humble man, who will be much missed.

Finally, grateful thanks and appreciation go to the following teams of people: bell ringers, flower arrangers, servers, readers, Intercessors and cleaners and all others who contribute to the smooth running of the church, its mission and its community events. Please accept sincere apologies for any volunteers inadvertently omitted from this report.

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Arundel Church of England School

The school has much appreciated the continued support of Fr David and Fr Andrew in their contribution to Worship in school and the engagement of members of the congregation as Foundation Governors. Fr David has been crucial in the development of the RE curriculum and in the training of staff to deliver it. The Church continues to support the school to ensure it is an inclusive organisation by funding day and residential trips for families without the means to pay.

The school continues to chair the Deanery Group, and has done now for the past 3 years. The Headteacher represents the Church of England on the SACRE committee.

There have been notable successes in a range of different sporting activities, supported by before and after school classes and by the commitment of staff and volunteers to coaching individuals and running teams.

There are strong links between the PCC and the school, through governorship and shared activities. For example, Years 4, 5 and 6 classes have each helped to run a Sunday service by taking on or shadowing key roles.

The school continues to be very highly thought of within the local community for all that it offers pupils and their families – in terms of its Christian ethos, the wide range of visitors to the school, exciting whole school and class based projects, support for charity (global, national and local) and its dynamic and innovative curriculum.

Statement of Trustees' Responsibilities

The Trustees are responsible for preparing a Trustees' report and the Financial Statement in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).

The law applicable to Charities in England and Wales requires the Trustees to prepare Financial Statements for each financial year which give a true and fair view of the state of affairs of the Charity and of the incoming resources and application of resources of the Charity for that period. In preparing these financial statements the Trustees are required to:

The Trustees are responsible for keeping accounting records that disclose with reasonable accuracy at any time the financial position of the Charity and enable them to ensure that the financial statements comply with the Charities Act 2011, the Charity (Accounts & Reports) Regulations 2008 and Trust

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Deed. They are responsible for safeguarding the assets of the Charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

Approved by the PCC on 25[th] April 2025 and signed on its behalf by

The Revd. Canon David Twinley, Incumbent

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Independent Examiner's Report to the Trustees of Parochial Church Council of St. Nicholas, Arundel

I report to the charity trustees on my examination of the accounts of the charity for the year ended 31 December 2023.

This report is made solely to the Charity's Trustees, as a body, in accordance with Part 4 of the Charities (Accounts and Reports) Regulations 2008. My work has been undertaken so that I might state to the Charity's Trustees those matters I am required to state to them in an Independent Examiner's Report and for no other purpose. To the fullest extent permitted by law, I do not accept or assume responsibility to anyone other than the Charity and the Charity's Trustees as a body, for my work or for this report.

Responsibilities and basis of report

As the Trustees of the Charity you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 ('the 2011 Act').

I report in respect of my examination of the Charity's accounts carried out under section 145 of the 2011 Act and 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 the accounts in accordance with Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts 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 been withdrawn.

I understand that this has been done in order for the accounts to provide a true and fair view in accordance with the Generally Accepted Accounting Practice effective for reporting periods beginning on or after 1 January 2019.

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:

  1. accounting records were not kept in respect of the Charity as required by section 130 of the 2011 Act; or

  2. the accounts do not accord with those records; or

  3. the accounts do not comply with the applicable requirements concerning the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the accounts give a 'true and fair' view which is not a matter considered as part of an independent examination.

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

James Peach FCA Kreston Reeves LLP Horsham Date :

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PAROCHIAL CHURCH COUNCIL OF St NICHOLAS, ARUNDEL

STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 DECEMBER 2023

Unrestricted Restricted TOTAL TOTAL
Funds Funds FUNDS FUNDS
2023 2023 2023 2022
Notes
£ £ £ £
Income from:
Donations and legacies 2a 117,185 65,330 182,515 164,755
Other trading activities 2b 20,397 - 20,397 14,258
Investments 2c 2,160 922 3,082 1,134
Charitable activities 2d 6,117 - 6,117 3,548
------------ ------------ ------------ ------------
Total income 145,859 66,252 212,111 183,695
_ _ _ _
Expenditure on:
Raising funds 3a 2,359 - 2,359 16,179
Charitable activities 3b 2,605 53,460 56,065 49,283
Ministry & Church costs 3c 145,400 7,909 153,309 136,231
------------ ------------ ------------ ------------
Total expenditure 150,364 61,369 211,733 201,693
_ _ _ _
Net (expenditure)/income
before transfers (4,505) 4,883 378 (17,998)
Gross transfers between funds - - - -
_ _ _ _
Net incoming resources
before other recognised gains & losses (4,505) 4,883 378 (17,998)
Gains / (Losses) on investment assets - 2,291 2,291 (3,226)
_ _ _ _
Net movement in funds (4,505) 7,174 2,669 (21,224)
_ _ _ _
Total funds brought forward
at 1 January 29,845 89,884 119,729 140,953
Total funds carried forward
at 31 December 25,340 97,058 122,398 119,729
======= ======= ======= =======

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PAROCHIAL CHURCH COUNCIL OF St NICHOLAS, ARUNDEL

BALANCE SHEET AT 31 DECEMBER 2023

2023 2022
Fixed assets Notes £ £
Tangible fixed assets 5 0 0
Investments 6 26,677 24,386
----------- -----------
Total fixed assets 26,677 24,386
Current assets
Debtors 8 15,342 11,698
Short term deposits 60,100 60,100
Cash at bank and in hand 25,887 28,112
----------- -----------
101,329 99,910
Creditors: amounts falling due within
one year 9 5,608 4,567
------------- -------------
Net current assets 95,721 95,343
------------- -------------
NET ASSETS 7 122,398 119,729
======= =======
Funds
Restricted funds 11 97,058 89,884
Unrestricted funds 11 25,340 29,845
------------ ------------
122,398 119,729
======= =======

Approved by the Parochial Church Council on 25/04/2025 and signed on its behalf by:

I Graham - Churchwarden

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PAROCHIAL CHURCH COUNCIL OF St NICHOLAS, ARUNDEL

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

1 Accounting policies

a Accounting convention

The financial statements have been prepared in accordance with the Charities SORP (FRS 102) - 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 Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) and the Charities Act 2011.

The accounts (financial statements) have been prepared to give a ‘true and fair’ view and 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 relevant version of the 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) rather than the Accounting and Reporting by Charities: Statement of Recommended Practice effective from 1 April 2005 which has since been withdrawn.

The Parochial Church Council of St Nicholas, Arundel meets the definition of a public benefit entity under FRS 102. Assets and liabilities are initially recognised at historical cost or transaction value unless otherwise stated in the relevant accounting policy.

b Fund accounting

Funds held by the PCC are:

Unrestricted funds - general funds which can be used for PCC ordinary purposes

Restricted funds - a) income from trusts or endowments which may be expended only on those restricted objects provided in the terms of the trust or bequest; b) donations or grants received for a specific object or invited by the PCC for a specific object. The funds may only be expended on the specific object for which they were given. Any balance remaining unspent at the end of the year is carried forward as a balance on that fund.

c Income

All incoming resources are accounted for gross.

Donations and legacies

Collections are recognised when received. Planned giving receivable is recognised when received.

Income tax recoverable on Gift Aid donations is recognised when it is due.

Grants and legacies are recognised when the PCC recognises that an inflow of economic benefit is probable.

Income from investments

Dividends are accounted for when due and payable. Interest entitlements are accounted for as they accrue.

All other income

All other income is recognised when it is receivable.

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PAROCHIAL CHURCH COUNCIL OF St NICHOLAS, ARUNDEL

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

c Income (continued)

Gains and losses on investments

Realised gains are recognised when the investments are sold.

Unrealised gains and losses are accounted for on revaluation on 31 December each year.

d Resources used

Resources expended are accounted for on an accruals basis and are accounted for gross.

Grants

Grants and donations are accounted for when paid over, or when an outflow of economic benefit is probable.

Church Activities

The diocesan parish contribution is accounted for when paid.

e Fixed assets

Tangible fixed assets

Consecrated and beneficed property of any kind is excluded from the accounts by section 10 of the Charities Act 2011.

Moveable church furnishing held by the Vicar and Churchwardens on special trust for the PCC and which require a faculty for disposal, are accounted for as inalienable property unless consecrated. They are listed in the church's inventory which can be inspected. For inalienable property acquired prior to 2001 there is insufficient cost information available and therefore such assets are not valued in the accounts. Individual items acquired since 2001 have been capitalised in the accounts and depreciated over their useful economic lives (see below).

All expenditure on consecrated or beneficed buildings, and individual items costing less than £1,000, are written off in the year they were incurred.

Depreciation

Depreciation is calculated to write down the cost of tangible fixed assets, excluding freehold properties, over their expected useful lives. The rates generally applicable are:

Office equipment consisting of:
Fixtures and fittings 15% straight line
Computer equipment 25% straight line
Grand piano 10% straight line
Inalienable fixed assets 10% straight line

Investments

Investments are stated at market value at the balance sheet date.

f Current assets

Amounts due to the PCC at 31 December in respect of fees, rents or other income are shown as debtors less provisions for amounts that may prove uncollectable.

Short-term deposits include cash held on deposit with CBF Church of England Funds.

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PAROCHIAL CHURCH COUNCIL OF St NICHOLAS, ARUNDEL

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

**2 ** Income **Unrestricted ** Restricted TOTAL **Unrestricted ** Restricted TOTAL
Funds Funds FUNDS Funds Funds FUNDS
2023 2023 2023 2022 2022 2022
£ £ £ £ £ £
a Donations and legacies
Planned giving 62,786 - 62,786 57,650 - 57,650
Collections at all services 10,040 151 10,191 2,975 - 2,975
Sundry donations and appeals 24,795 62,679 87,474 23,364 55,945 79,309
Income tax recoverable 19,564 2,500 22,064 22,756 2,065 24,821
Legacies - - - - - -
--------------- ------------------------------ --------------- ------------------------------
117,185 65,330 182,515 106,745 58,010 164,755
b Other trading activities --------------- ------------------------------ --------------- ------------------------------
Fetes and other fund-raising events 20,397 20,397 11,514 2,744 14,258
c Investment income --------------- ------------------------------ --------------- ------------------------------
Dividends and interest 2,160 922 3,082 819 315 1,134
d Charitable activities --------------- ------------------------------ --------------- ------------------------------
Fees from weddings etc 6,117 - 6,117 3,548 - 3,548
-------------- -------------- --------------- -------------- -------------- --------------
Total income 145,859 66,252 212,111 122,626 61,069 183,695
========================== ==========================

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PAROCHIAL CHURCH COUNCIL OF St NICHOLAS, ARUNDEL

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

**3 ** Expenditure
Unrestricted Restricted TOTAL Unrestricted Restricted TOTAL
Funds Funds FUNDS Funds Funds FUNDS
2023 2023 2023 2022 2022 2022
£ £ £ £ £ £
a Raising funds
Fete & appeal costs 1,844 - 1,844 2,601 13,464 16,065
Corpus Christi 69 - 69 - - -
Other expenses 446 - 446 114 - 114
--------- --------- ---------- --------- --------- ----------
2,359 0 2,359 2,715 13,464 16,179
--------- --------- --------- --------- --------- ---------
b Church activities
Missionary and charitable giving
Overseas
- FEAST - 52,600 52,600 - 46,700 46,700
Lent Lunches - Homeless
projects 2,493 - 2,493 1,653 - 1,653
Other 112 860 972 191 739 930
--------- --------- --------- --------- --------- ---------
2,605 53,460 56,065 1,844 47,439 49,283
--------- --------- --------- --------- --------- ---------
c Ministry costs
- diocesan parish share 73,295 - 73,295 71,580 - 71,580
- other clergy costs 5,719 - 5,719 4,678 - 4,678
Church running expenses 15,091 - 15,091 11,250 - 11,250
Church maintenance 12,955 7,909 20,864 6,337 3,781 10,118
Upkeep of services 36,140 - 36,140 36,405 - 36,405
Depreciation - - - - - -
Governance costs 2,200 - 2,200 2,200 - 2,200
---------- --------- ---------- ---------- --------- ----------
145,400 7,909 153,309 132,450 3,781 136,231
---------- --------- ---------- ---------- --------- ----------
---------- ---------- ---------- ---------- ---------- ----------
Total resources expended 150,364 61,369 211,733 137,009 64,684 201,693
====== ====== ====== ====== ====== ======

19

PAROCHIAL CHURCH COUNCIL OF St NICHOLAS, ARUNDEL

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

**4 ** Staff costs 2023 2022
£ £
a Wages and salaries and social security costs 27,131 25,819
------------ ------------
27,131 25,819
------------ ------------

During the year the PCC continued to employ a Parish Secretary and an Organist. No staff received remuneration greater than £60,000 in either year.

b Transactions with PCC members

Alistair Maxwell a member of the PCC, was paid to provide catering services to a number of Church events and he provided these at cost or less and was paid £4,267 during the year.

Other than the above, there were no expenses reimbursed to members and no members received any remuneration or other benefits during the year. There were no other disclosable transactions in respect of PCC members, nor persons closely connected to them, nor other related parties.

5 Tangible fixed assets

Office Grand Inalienable Total
Equipment Piano Assets
Cost £ £ £ £
At 1 January 2023 5,513 3,000 8,360 16,873
------------ ------------ ------------ ------------
At 31 December 2023 5,513 3,000 8,360 16,873
------------ ------------ ------------ ------------
Depreciation
At 1 January 2023 5,513 3,000 8,360 16,873
Provided in the year - - - -
------------ ------------ ------------ ------------
At 31 December 2023 5,513 3,000 8,360 16,873
------------ ------------ ------------ ------------
Net book amounts ------------ ------------ ------------ ------------
At 31 December 2023 - - - -
====== ====== ====== ======
At 31 December 2023 - - - -
====== ====== ====== ======

The inalienable assets capitalised relate to items donated for the Lady Chapel, and have been depreciated over 10 years on a straight-line basis.

6 Investments
Investments £
Market value at 1 January 2023 24,386
Gains on annual revaluation 2,291
--------------
Market value at 31 December 2023 26,677
__

Holdings at 31 December 2023

671 shares in CBF Church of England Investment fund (2022: 671 shares)

580 shares in COIF Charity Funds investment fund (2022: 580 shares)

20

PAROCHIAL CHURCH COUNCIL OF St NICHOLAS, ARUNDEL

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

6 Investments (continued)
Investments (continued) 2023 2022
£ £
Upkeep of Tortington churchyard 3,752 3,427
F Tomkins Trust 3,436 3,138
Tyler bequest 5,357 4,897
Wiswell bequest 2,622 2,397
Eliza Rolls fund 11,510 10,527
----------- -----------
26,677 24,386
______ ______

The historical cost of the above funds is not known.

In 2006 application was successfully made to the Charity Commissioners to use the capital as well as the income from the various trusts. Assets previously classified as Endowment Funds were transferred to Restricted funds as at 1 January 2006.

7 Analysis of Net assets by fund

**7 ** Analysis of Net assets by fund
Unrestricted Restricted Total Funds
Funds Funds 2023
£ £ £
Investments - 26,677 26,677
Current assets 30,948 70,381 101,329
Current liabilities (5,608) - (5,608)
--------------- --------------- ---------------
25,340 97,058 122,398
___ ___ ___
**8 ** Debtors
2023 2022
£ £
Income tax recoverable 8612 7,057
PGS and GA for Dec 6497
Ebound overpayment 216 4,641
Santander Deposit Interest owed 17
--------------- ---------------
15,342 11,698
___ ___
**9 ** Creditors: amounts falling due within one year
2023 2022
£ £
Accruals for Fees owed to Diocese 851 1,891
Accruals for Employers pension 207 188
Independent Examiner fees estimate 4,400 2,200
Turning tides collection Crib exhibit 150 288
--------------- ---------------
5,608 4,567
___ ___

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PAROCHIAL CHURCH COUNCIL OF St NICHOLAS, ARUNDEL

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

10 Statement of funds

Statement of funds
Balance b/f Income Expenditure Transfers, Balance c/f
01.01.2023 other gains 31.12.2023
and losses
Unrestricted Fund
General fund 29,845 145,859 (150,364) - 25,340
___ ___ ___ ___ ___
Restricted funds
Belfry Fund 443 443
Eliza Rolls Fund 8,940 316 (860) 983 9,379
FEAST Indian Project 2,494 51,822 (52,600) 1,716
F Tomkins Trust 1,900 94 298 2,292
Tyler bequest 5,788 146 460 6,394
Upkeep of Tortington Churchyard 5,047 545 (339) 325 5,578
West Window fund 289 289
Wiswell bequest 2,832 72 225 3,129
Quiet Room Appeal 14,065 14,065
Restoration Appeal 34,147 (5,998) 28,149
Churches Conservation Trust 500 500
Disabled Access 320 320
Stegaurach funds 9,052 9,052
Vicar's Discretionary Fund 250 250
Collections fund 1,598 1,598
Parish Garden 2,219 13,257 (1,572) 13,904
_ _ _ _ _
89,884 66,252 (61,369) 2,291 97,058
_ _ _ _ _
Total funds 119,729 212,111 (211,733) 2,291 122,398
======= ======= ======= ======= =======

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PAROCHIAL CHURCH COUNCIL OF St NICHOLAS, ARUNDEL

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

10 Statement of funds 2022

Statement of funds 2022
Balance b/f Income Expenditure Transfers, Balance c/f
01.01.2022 other gains 31.12.2022
and losses
Unrestricted Fund
General fund 44,228 122,627 (137,010) - 29,845
___ ___ ___ ___ ___
Restricted funds
Belfry Fund 784 (341) 443
Eliza Rolls Fund 10,952 315 (739) (1,588) 8,940
FEAST Indian Project 3,978 45,216 (46,700) 2,494
F Tomkins Trust 2,272 (372) 1,900
Tyler bequest 6,365 (577) 5,788
Upkeep of Tortington Churchyard 6,098 100 (743) (408) 5,047
West Window fund 289 289
Wiswell bequest 3,113 (281) 2,832
Quiet Room Appeal 14,065 14,065
Restoration Appeal 39,833 10,475 (16,161) 34,147
Churches Conservation Trust 500 500
Disabled Access 320 320
Stegaurach funds 6,308 2,744 9,052
Vicar's Discretionary Fund 250 250
Collections fund 1,598 1,598
Parish Garden 2,219 2,219
_ _ _ _ _
96,725 61,069 (64,684) (3,226) 89,884
_ _ _ _ _
Total funds 140,953 183,696 (201,694) (3,226) 119,729
======= ======= ======= ======= =======

23

PAROCHIAL CHURCH COUNCIL OF St NICHOLAS, ARUNDEL

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

10 Statement of funds - (continued)

Fund details

Former endowment funds were transferred to restricted funds as at 1 January 2006 - see note 6. Capital as well as income may now be used for the specific purposes of the respective funds.

The main restricted funds at 31 December 2023 comprise:-

Belfry Fund For the improvement and upkeep of the Belfry Eliza Rolls charity Payments to the elderly and needy of the parish. FEAST Indian Project A grassroots charity in southern India helping the poor through educational sponsorship, support for the elderly, housebuilding and help with small enterprises. F Tomkins trust Upkeep of the Tomkins window and general fabric of St Nicholas Church. Tyler bequest Upkeep of St Nicholas Church. Tortington churchyard The PCC is responsible for the upkeep of Tortington churchyard. West Window fund Holds money donated for the repair of the West Window. Wiswell bequest Upkeep of Tortington church and churchyard. Quiet Space Appeal Holds money donated for a quiet space in the Church. Restoration Appeal Donations for the ongoing restoration of the church building Churches Conservation Trust Donation to be given to conservation trust Disabled Access Donation to improve access for those with limited mobility Stegaurach Link Money held for use for ecumenical visits to and from our Link Parish in Germany. Vicar's Discretionary Fund Discretionary fund for vicar Collections fund Money collected from the congregation for other charities Parish Garden Money Collected to establish a Community Garden on land adjacent to the church

11 Connected charities

The Parochial Church Council has a connected charity, Friends of St Nicholas Church Arundel, formerly St Nicholas Building Trust, the main object of which is the maintenance of the church of St Nicholas, Arundel. The Trust may be contacted via the Trustees, c/o St Nicholas Parish Office, London Road, Arundel, BN18 9AT.

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