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← The Parochial Church Council Of The Ecclesiastical Parish Of St Michael And All Angels, Sandhurst

2023-12-31-accounts

PAROCHIAL CHURCH COUNCIL OF ST. MICHAEL AND ALL ANGELS, SANDHURST

Diocese of Oxford

Parish of St. Michael and All Angels, Sandhurst

Charity number: 1134547

TRUSTEES ANNUAL REPORT & FINANCIAL STATEMENTS

of the

PAROCHIAL CHURCH COUNCIL

for the year ended 31 December 2023

Contents Pages
Trustees Annual Report 2
Independent Examiner’s Report 8
Statement of Financial Activities 9
Balance Sheet 10
Notes to the Financial Statements 11

St Michael’s Pastoral Centre, Lower Church Road, Sandhurst Berkshire GU47 8HN Tel: 01252 873030 Fax: 01252 878289 Email: office@stmichaels-sandhurst.org.uk Web: www.stmichaels-sandhurst.org.uk

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PAROCHIAL CHURCH COUNCIL OF ST. MICHAEL AND ALL ANGELS, SANDHURST

Trustees Annual Report

A Legal and administrative information

St Michael and All Angels Church, Sandhurst is registered as a charity with the Charity Commission (number 1134547). Details can be viewed at http://www.charity-commission.gov.uk.

Location:

High Street, Sandhurst, Berkshire, GU47 8HP

Correspondence address:

The Parish Office, St. Michael's Pastoral Centre, Lower Church Road, Sandhurst, Berkshire, GU47 8HN

Independent Examiner:

Mrs. Kate Black. 27 School Hill, Little Sandhurst GU47 8LD

Trustees (Parochial Church Council members):

Trustees who have served from 1 January 2024 until the date this report was approved are:

Name Position Notes
John Castle @ Rector and Chairman
Karen Allen @ Churchwarden First Elected EPCM Jan2023
Vacancy @ Churchwarden
Sue Campbell @ PCC Secretary Elected APCM 2023
John Martin @ Deanery Synod Rep
Vice chairman / lay chair		 Elected to DS APCM 2023
Stephanie Martin Deanery Synod Rep Elected to DS APCM 2023
Abby Coleman Elected APCM 2023
Georgina Castle Elected APCM 2021
Rupert Cremer-Evans Elected APCM 2021
Alun Grafton Elected by PCC Nov 2020
Clare Hardy Elected APCM 2021
Emma Hodge Elected APCM 2022
Diana Taylor Elected APCM 2021
Jon Toohey @ Treasurer Elected APCM 2022
Nicky Thomas Elected APCM 2020
Brendan Watson Elected APCM 2022
Catherine Wilkins Elected APCM 2023

@ by virtue of office # co-opted

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PAROCHIAL CHURCH COUNCIL OF ST. MICHAEL AND ALL ANGELS, SANDHURST

B Structure, governance and management

The Parochial Church Council (PCC) is a corporate body established by the Church of England. The PCC operates under the Parochial Church Council Powers Measure. The PCC is a Registered Charity (charity number 1134547).

PCC members are recruited in a number of ways. The clergy, churchwardens and the treasurer are members by virtue of their office. Members of the PCC and Deanery Synod Representatives are elected at the Annual Parochial Church Meeting (APCM) and they serve for a three-year term, if someone is unable to finish their term then people are elected at the APCM to fulfil the remainder of the term. The full PCC held ten regular meetings during the year. The average attendance at all meetings was 81% percent.

During the year, the PCC met three times by Zoom because of poor weather conditions and the chair being overseas. The Bishop of Oxford had signed an Instrument previously putting in place arrangements which enable meetings of PCCs to be held electronically, so that decisions taken at these meetings have the same force as if taken at a physical meeting. The PCC then met in person on 7 occasions.

The Rector’s Council consists of the Rector, one churchwarden, there being a vacancy for the second churchwarden, the Vice Chairman of the PCC, the PCC Secretary and the Treasurer. They have power to transact the business of the PCC between PCC meetings, reporting to the full PCC as appropriate. The Rector’s Council met 11 times by remote means with an average attendance of 95%. Eight of the ten meetings being fully attended.

The Annual Parochial Church Meeting took place on Sunday 23rd April 2023. 32 people attended in person. There were 138 people on the church electoral roll.

New PCC members are given induction training by the churchwardens or an appropriate member of the PCC or Rector’s Council at PCC meeting shortly after the APCM and as necessary, to enable them to carry out their role effectively.

C Objectives and activities

The objectives of the PCC are defined by the Parochial Church Council (Powers) Measure 1956 as 'to cooperate with the minister in promoting in the parish the whole mission of the Church, pastoral, evangelistic, social and ecumenical'. In addition the PCC is responsible for the maintenance of the Parish Church of St. Michael and All Angels, the Pastoral Centre complex in Lower Church Road, and the churchyard adjacent to the church.

Our formal purpose statement, which was originally developed in 2014, is:

Knowing God for ourselves;

Growing as individuals and as a church;

Showing God’s love in the world.

The purpose statement provides an easy understanding of the purpose of our church and also provides an opportunity for people to develop their relationship with God.

D Achievements and performance

 Public Benefit

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

The Parochial Church Council of St Michael and All Angels, Sandhurst considers that it offers the following benefits to the local community:

  1. The provision of services of public worship and a sacred space for personal prayer and contemplation

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PAROCHIAL CHURCH COUNCIL OF ST. MICHAEL AND ALL ANGELS, SANDHURST

  1. Contributing to the community life of Sandhurst by being a focus for the celebration of significant shared moments in the lives of families and individuals, e.g. baptisms, weddings and funerals

  2. Pastoral work and support, including visiting the sick and the bereaved

  3. Teaching of Christianity through sermons, courses and small groups, and providing opportunities for personal self-development

  4. Taking of assemblies in local schools, and providing particular support for St Michaels Church of England Primary School in the area of governance and in other ways

  5. Providing support to families including those in difficulties through the provision of a family worker.

  6. Providing activities for different demographic groups in the community including senior citizens and toddlers.

  7. Supporting other charities in the UK and overseas, including Sandhurst Counselling Service (three of whose trustees are nominated by the PCC), Sandhurst Youth (three of whose trustees are nominated by the PCC) and promoting awareness of global justice issues (A full listing of supported charities is provided in the financial statement).

  8. Involvement with the local community and Town Council. This includes being an active member of Sandhurst Churches Together.

  9. Maintenance of an open churchyard for the residents of Sandhurst

 Main features of the year :

2023 saw the life of St Michael’s settling back into a state which felt similar to that of the pre-pandemic times. However, in common with most other churches of all denominations in the country, attendances at Sunday services have not recovered from pre-pandemic levels.

Average Sunday morning attendance

2018 2019 2020 2021 2022 2023
First 4 weeks of October, incl baptisms 148 122 85 137 102 96
First 4 weeks of October, excl baptisms 122 122 85 93 85 96
Usual Sunday attendance* 122 119 90 85 88 96
Electoral Roll at APCM 193 156 155 152 149 140

*(calculated from 12 typical weeks in the year) New ER

In 2023 (2022) we conducted 14 baptisms (19), 8 weddings (2) and 12 funerals in church or at the graveside (21), in addition to 9 at the crematorium (8).

Our Sunday services have settled into a pattern which we feel caters for many differing tastes in worship style. Each week there is an 8.00am Book of Common Prayer said service, attended on a regular basis by a core group of parishioners. We then hold a 9.30 am communion service on the 1[st] , 2[nd] , 3[rd] and 5[th] Sundays. While the 1[st] , 3[rd] and 5[th] Sunday of each month are quite traditional, the 2[nd] has an informal feel. The service on a 4[th] Sunday is an intergenerational Church Together service designed to bring all ages in our church together. A lot of work has been done to make this service accessible to all ages and in doing this we have chosen to hold these services in the Pastoral Centre. These services are attended by parishioners from all age groups and a mix from all our core services. As we explore the Bible and worship together in a variety of different ways the mixing of the generations evidences that we are fulfilling our purpose statement of Knowing, Growing and Showing.

On 1[st] and 3[rd] Sundays we hold a Family Service. This service is primarily aimed at those with younger children and those new to faith who may find the more formal services daunting. During the 9.30am communion service we hold sessions for children. Each week of the year there is Kidz Church for children aged 3-10 years, and Reach for children aged 10+. We have volunteers available to look after under 3’s should any be present.

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PAROCHIAL CHURCH COUNCIL OF ST. MICHAEL AND ALL ANGELS, SANDHURST

Our Rector, Rev. John Castle continues to be assisted by local retired clergy, in particular Rev Jane Kraft who regularly celebrates in the parish, and our associate priest (Rev. John White). Our outreach to families is undertaken and overseen by Sarah Bishop our employed Family Worker. We also support Sandhurst Youth, a youth based charity set up by the PCC in 2018 whose main work is community based. Sandhurst Youth is co-funded by St Michael’s PCC and Sandhurst Town Council.

Our part-time Family Worker, Sarah Bishop, continues developing the work with families and schools. Her work involves building relationships with parents and children, both within the church community and outside it, to help them integrate faith and church within their busy lives; giving pastoral support to families facing a variety of difficulties; and running or assisting with activities and events related to children, young people and parents. This year Sarah ran two prayer station events at two of the local primary schools in the parish. These events ran over 2-3 days and gave Sarah the opportunity to work closely with the schools and meet all the children at each school. The feedback from each school was very positive and Sarah feels that this is something she will be repeating in the future. Sarah also continues to run regular “Bible Bites” sessions for children in years 5 and 6 at St Michael’s C of E Primary School. The sessions are well attended and Sarah is supported by volunteers from the parish to achieve these. In October Sarah organised the Light Party in with activities in the hall, a light trail around the churchyard, and ending up with singing and toasted marshmallows round the fire pit on the West lawn. This was very well attended by families from within the church as well as families from the wider community. Sarah was supported through involvement from many different volunteers and groups within St Michael’s. Sarah also supports the Baby and Toddler Time sessions which run on the 2[nd] and 4[th] Thursdays each month. Sarah's plans include a Messy Church event for all, and a teddy bears’ picnic aimed at baptism families.

We continue to work with and develop our relationship with the three primary schools in our parish, which includes holding assemblies and hosting services such as Christmas and Harvest, and other events at the church. We have especially close links to St Michael's Church of England Primary School, where a number of church members serve as governors, and the Rector regularly leads assemblies.

St. Michael and All Angels church have a dedicated team of volunteers to run social events with the primary aim of building up the community. During 2023, we held a plants, preserves & produce stall and cream teas at the Heritage weekend which were both successful. Following the success in 2022 of holding the quiz night in the autumn with people bringing their own food, we repeated this in 2023 and those attending had a most enjoyable time.

Our pre-Advent Fair was held in November at a time when parishioners from our 8.00am, 9.30am and Family service could all attend. In April a barn dance was well attended by parishioners and those from the wider community, as was a concert in May featuring Sandhurst Silver Band and our church choir. In early May the church was opened and our Audio Visual tech employed to host an open event to watch and celebrate the coronation of King Charles III. People in Sandhurst and the surrounding area were invited to come to the church to watch the coronation and share this historical moment with others. In August our Rector extended an invitation to the parish to enjoy afternoon tea in the rectory garden. Two dates were offered and each was well attended. Many people on the fringe of parish life attended these events which gave a great opportunity for outreach in an informal manner. In December two of our regular parishioners led an Open House event. Four parishioners agreed to decorate their houses for Christmas and open them to visitors. The event ran over 4 days and was very successful. Once again this brought people on the fringe of parish life into contact with others who made them feel welcome and a part of St Michael’s. In February a skittles event gave a great opportunity for families with children as well as others to have fun socialising together during two sessions, afternoon and evening.

St Michael's continues to support local, national and international charitable causes; both financially and by raising awareness within its congregation which this year has included having presentations and speakers from some charities.

Over the course of the year, we have worked ecumenically by being an active member of Sandhurst Churches Together. In December, led by our choir, we met up with members of St Georges Church in Owlsmoor to sing carols in the streets. Although this was out of parish for us it was a great opportunity to join with members of our sister church in the town. In November this year we worked with Sandhurst Town Council and other churches for the service of Remembrance in the centre of the town.

Our Pastoral Centre building has continued to be used as a base for a nursery setting although the business has changed. The previous nursery closed its doors in July 2023 which potentially would mean a sizeable

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PAROCHIAL CHURCH COUNCIL OF ST. MICHAEL AND ALL ANGELS, SANDHURST

loss of income for the PCC. However a new nursery has opened in the centre using Seeby Hall as its home. Redwood Early Years has had a rough start due to the processes dictated by OfSted, but as a parish we are supporting this new venture and giving help where we can. We also have a childminder using the upper rooms to run a childminding on non-domestic premises business. The two childcare settings complement each other with regard to the ages they care for. Sandhurst Counselling Service continues to use the centre as its base supported by the PCC. There are other community groups who use the centre on a regular basis throughout the week. In the Summer this year we started a refurbishment project for the centre. So far we have replaced the cooker and dishwasher in the kitchen and repainted Seeby Hall. We also replaced the curtains in Seeby Hall. The paint and the curtains were afforded through generous donations from the parish.

 Safeguarding

St. Michael and All Angels PCC recognises and has complied with the duty to have “due regard” to the House of Bishops’ Safeguarding Policy and Practice Guidance and takes safeguarding seriously. Safeguarding is a standing item on all PCC agendas where both the safeguarding officer can provide updates and members have the opportunity to raise questions and concerns. Mrs Jenny Rose continues as our Parish Safeguarding Officer working alongside Claire Clay who does the admin side of the role.

Jenny and Claire keep up to date records of all safeguarding training which is completed during the year within the parish. Sue Campbell as PCC secretary supports this work by encouraging all PCC members to complete training as it becomes necessary. Currently all PCC members are up to date with required training.

E Financial Review

Firstly, a big thank you. Thank you to all who give to St Michaels – both financially and in time. This is the Treasurers report so does naturally focus on the former but please be assured the latter is appreciated.

The financial position of St Michaels can be described as “Asset Rich, Income Poor”;

The general fund is where the daily activities of our church are transacted – income is mainly from our giving and hall rental. Expenses are mainly parish share, salaries (but not youth or family worker), energy, musicians, insurance, etc. and, in future, a contribution to the fund for repairs. For St Michaels to be sustainable, income must cover expenses.

Currently we do not have a financially sustainable church – what are some solutions?

However, the temptation is to avoid these actions and decisions and use the Mission fund to fund the losses in the general fund.

Thank you again to those that continue to give generously and continue to financially support St Michaels – there are a number of options on how to do this;

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PAROCHIAL CHURCH COUNCIL OF ST. MICHAEL AND ALL ANGELS, SANDHURST

I would like to thank the following people – all who contribute so much to helping keep control of our finances;

Reserves

As regards reserves: the general reserve target is approximately three months expenditure. At the beginning of the year there was a little less than this and the trustees believe it necessary to maintain this and a transfer has been made from the designated Mission fund.

The designated and restricted funds are healthy, as reflected in the accounts, but our repair/WinSpire funds are well short of the expected requirements and the trustees are considering using the Mission fund for building repairs.

Volunteers

We would like to thank all the volunteers who work so hard to make our church the lively and vibrant community it is. They are far too numerous to mention by name.

The Trustees' Annual Report is the responsibility of all the Trustees and it was approved in a meeting on the 13[th] March 2024.

Signed on behalf of the PCC

J Castle K Allen

Rev J. Castle (Chairman)

Mrs K. Allen (Churchwarden)

13[th] March 2024

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PAROCHIAL CHURCH COUNCIL OF ST. MICHAEL AND ALL ANGELS, SANDHURST

Financial Statements for the Year Ended 31 December 2023

Independent Examiner’s Report to the PCC of St. Michael and All Angels, Sandhurst

I report on the Financial Statements of the PCC for the year ended 31 December 2023 which are set out on pages 9 to 18.

Respective responsibilities of the PCC and the examiner

As the members of the PCC and Trustees you are responsible for the preparation of the Financial Statements; you consider that an audit is not required for this year under section 144(2) of the Charities Act 2011 (the 2011 Act) and that an independent examination is needed.

It is my responsibility to:

Basis of independent examiner’s report

My examination was carried out in accordance with the General Directions given by the Charity Commission.

An examination includes a review of the accounting records kept by the PCC and a comparison of the Financial Statements presented with those records. It also includes consideration of any unusual items or disclosures in the Financial Statements, and seeking explanations from you as trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit, and consequently no opinion is given as to whether the accounts present a “true and fair view” and the report is limited to those matters set out in the statement below.

Independent examiner’s statement

In connection with my examination, no matter has come to my attention:

K Black

11[th] March 2024

Mrs Kate Black FCA 27 School Hill Little Sandhurst GU47 8LD

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PAROCHIAL CHURCH COUNCIL OF ST. MICHAEL AND ALL ANGELS, SANDHURST

STATEMENT OF FINANCIAL ACTIVITIES for the year ended 31 December 2023

Notes
INCOME
Voluntary income
2(a)
Activities for generating funds
2(b)
Investment income
2(c)
Income from church
2(d)
activities
Other income
2(e)
Total income
EXPENDITURE
Church activities
3(a)
Costs of fundraising
3(b)
Total expenditure
Transfer to fixed assets
Net Expenditure
Net Income/(Expenditure)
Net gains/(losses) on Investments
Transfers between funds
9
Net movement in Funds
Total funds brought forward:
Total funds carried forward:		 General
Funds
£
92,785
36,763
0
8,475
743
138,766
144,902
20
144,922
0
144,922
(6,156)
6,156
0
28,147
28,147		 Designated
Funds
£
12,559
12,366
11,666
0
241
36,832
21,513
0
21,513
0
21,513
15,319
46,333
(26,663)
34,988
749,352
784,340		 Restricted
Funds
£
26,596
0
0
0
0
26,596
49,264
0
49,264
0
49,264
(22,668)
3,979
20,507
1,819
214,119
215,938		 TOTAL FUNDS
2023
2022
£
£
131,940
119,485
49,129
44,605
11,666
7,851
8,475
8,289
984
1,384
202,194
181,614
215,679
212,097
20
69
215,699
212,166
0
0
215,699
212,166
(13,505)
(30,552)
50,312
217,232
0
0
36,807
186,680
991,618
804,938
1,028,425
991,618

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PAROCHIAL CHURCH COUNCIL OF ST. MICHAEL AND ALL ANGELS, SANDHURST

BALANCE SHEET
as at 31 December 2023
Notes
Fixed Assets
Tangible
5
Investments
6
Current Assets:
Debtors and prepayments
7
Cash at bank and in hand
Liabilities: payable within one year
Creditors
8
Net Current Assets
Total Assets less Current Liabilities
Total Net Assets
FUNDS
General Fund
9.1
Designated fund
9.2
Restricted funds
9.3		 General
Funds
£
0
0
0
5,216
37,002
42,218
(14,072)
28,147
28,147
28,147
28,147
28,147		 Designated
Funds
£
26,839
470,670
497,509
0
286,831
286,831
0
286,831
784,340
784,340
784,340
784,340		 Restricted
Funds
£
133,866
40,425
174,292
0
41,647
41,647
0
41,647
215,939
215,939
215,939
215,939		 TOTAL
2023
£
160,705
511,095
671,800
5,216
365,481
370,697
(14,072)
356,625
1,028,425
1,028,425
28,147
784,340
215,939
1,028,425		 FUNDS
2022
£
163,642
145,783
309,425
17,053
685,560
702,613
(20,420)
682,193
991,618
991,618
28,147
749,352
214,119
991,618

These Financial Statements were approved by the Parochial Church Council on 13 March 2024 and signed on its behalf by:

Rev J Castle Chairman

Mrs K Allen Churchwarden

The notes form part of these accounts.

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PAROCHIAL CHURCH COUNCIL OF ST. MICHAEL AND ALL ANGELS, SANDHURST

Notes on the Financial Statements for the Year ended 31 December 2023

1. ACCOUNTING POLICIES

(a) Basis or preparation

The PCC is a public benefit entity within the meaning of FRS102. The financial statements have been prepared under the Charities Act 2011 and in accordance with the Church Accounting Regulations 2006 governing the individual accounts of PCCs, and with the Regulations' "true and fair view" provisions, together with FRS102 (2016) as the applicable accounting standards and the 2016 version of the Statement of Recommended Practice, Accounting and Reporting by Charities (SORP(FRS102) effective 1 January 2019).

The financial statements have been prepared under the historical cost convention except for valuation of investment assets, which are shown at fair value. The financial statements are presented in sterling which is the functional currency of the charity and rounded to the nearest £1.

The financial statements include all transactions, assets and liabilities for which the PCC is responsible in law. They do not include the accounts of church groups that owe their main affiliation to another body or, except as noted below, those which are informal gatherings of Church members.

(b) Funds

General Accumulated Fund

The Accumulated Fund represents the funds that are not subject to any legal restrictions regarding their use and are available for application on the general purposes of the PCC. Funds designated for a particular purpose by the PCC are also unrestricted.

Designated Funds

A designated fund describes an intent for the use of the funds. That intent is not binding on the PCC, though the PCC must be mindful of the intent when considering using the funds for other purposes. It’s the simplest and most flexible way to try and ring fence money for special needs.

The “Renovations and Repairs” Designated Fund, is set up as a contingency fund intended to cover both general and unexpected repair and renovations on the church and buildings.

A “Hardship” Designated Fund was set up in 2011 to provide funds for genuine causes of hardship and is to be used at the PCC’s discretion.

The “St. Mary’s Mission Fund” represents the proceeds of the sales of the former curate's house at 27 Hopeman Close, a gifted property at 4 Holly Cottages and the land at St Mary’s, together with interest generated from this capital. The PCC agreed to utilise the assets in the fund to create a Mission fund to support the church in fulfilling its mission both in Sandhurst and more widely.

“Designated assets” are assets gifted or bought by the PCC or church groups where the PCC would not wish to sell and use the funds for other purposes.

Restricted Funds

A restricted fund represents donations and other monies raised for specific purposes, less expenditure in respect of these purposes.

The “Youth Worker Fund” w as a fund setup to receive donations to pay for a youth worker who is currently provided by Sandhurst Youth CIO.

The “Family Worker Fund” was set up to receive funds from parishioners and external workers for the post of a Family Worker

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PAROCHIAL CHURCH COUNCIL OF ST. MICHAEL AND ALL ANGELS, SANDHURST

Notes on the Financial Statements for the Year ended 31 December 2023 (continued)

The “Pastoral Centre” has been put into a restricted fund. When the Pastoral Centre was originally built, donations were paid into a restricted fund and the PCC consider that the building should have been put into a similar fund.

“Restricted Assets”. These are assets gifted to the PCC where the donor would not wish for the asset to be sold or they are assets purchased from restricted donations.

The “Choir Fund” is a restricted fund representing funds raised by this active group, less their expenditure.

“Repairs and Renovations” . A restricted fund has been set up to receive donations specifically for the maintenance and renovation of the church and buildings.

“WinSpire Fund” has been set up to accept donations towards the repairs of the church spire, the stained glass windows in the church and the bells.

(c) Recognition of Income

Income is included in the Statement of Financial Activities (SOFA) when:

Grants and donations

Grants and donations are included in the SOFA when any pre-conditions preventing their use by the PCC have been met. For collections and planned giving this is when the funds are received.

Gifts in kind

Gifts in kind for the PCC’s own use are included in the SOFA as incoming resources at their fair value when receivable, and expensed as and when consumed in use. Gifts of fixed assets, if material, are included in the balance sheet at their fair value and expensed over the asset’s useful economic life.

Gift Aid Tax claims

Gift Aid and other tax claims are included in the SOFA at the same time as the cash donations to which they relate.

Activities for generating funds

Rental and other income from the letting or other use of church premises is recognised when the income becomes due.

Funds raised by social and similar events are accounted for gross of expenses.

Investment income

Interest is received gross and is accounted for when receivable.

Volunteer help

The value of any voluntary help received is not included in the accounts but is described in the trustees’ annual report.

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PAROCHIAL CHURCH COUNCIL OF ST. MICHAEL AND ALL ANGELS, SANDHURST

Notes on the Financial Statements for the Year ended 31 December 2023 (continued)

(d) Expenditure and Liabilities

Liability recognition

Liabilities are recognised as soon as there is a legal or constructive obligation and settlement is probable and quantifiable.

Charitable giving

It is the policy of the PCC that at least 10% of the income from regular giving, collections and related recoveries of income tax should be used for missionary and charitable giving. At the year-end amounts are accrued to comply with this policy.

Church activities

The Diocesan Parish Share that is expended is an amount calculated in accordance with the Diocesan share scheme approved by the Diocesan Synod in November 2012.

Operating lease commitments

Rentals paid under operating leases are charged to the SOFA as incurred.

Pensions

The PCC operates a defined contribution plan through NEST for the benefit of its employees and to comply with the auto-enrolment obligations. Contributions are expensed as they become payable.

(e) Tangible Assets

Consecrated property and movable church furnishings

Consecrated and beneficed property of any kind is excluded from the accounts by s.10(2)(c) of the Charities Act 2011. Movable church furnishings held by the Rector and Churchwardens on special trust for the PCC, and which require a faculty for disposal, are accounted as inalienable property unless consecrated. They are listed in the church's inventory which can be inspected at any reasonable time. For inalienable property acquired prior to 2002 there is insufficient cost information available and therefore such assets are not valued in the accounts. Items acquired since 1 January 2002 will be capitalised and depreciated in the accounts over their currently anticipated useful economic life on a straight-line basis. All expenditure incurred in the year on consecrated or beneficed buildings, individual items under £1,000 or on the repair of movable church furnishings acquired before 1 January 2002 is written off.

Freehold Properties

Freehold properties are depreciated on a straight line basis over their expected life of 50 years.

Other fixtures, fittings and equipment

Provision for the depreciation of fixtures, fittings and equipment held for use by the PCC is made at the following annual rates calculated to spread the cost (less anticipated residual disposal value) of each asset over its expected useful life:

Office and other equipment - straight line basis over three to five years

Where an asset has a high residual value the PCC considers the need for these assets to be depreciated is removed. Each year these assets will be reviewed for impairment.

Items of equipment with a purchase price of £1,000 or less are written off when the asset is acquired.

Investments

Investments are valued at market value at the year end.

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PAROCHIAL CHURCH COUNCIL OF ST. MICHAEL AND ALL ANGELS, SANDHURST

General
Designated
Funds
Funds
£
£
2. INCOME
(a) Voluntary income
Regular giving
64,712
Income tax recoverable
17,278
Collections at all services
7,205
Grants (see note 2f)
3,590
Donations
12,559
92,785
12,559
(b) Activities for generating funds
Fund raising events
7,203
Pastoral Centre lettings
29,560
SCS room hire
12,366
36,763
12,366
(c) Investment income
Interest
11,666
0
11,666
(d) Income from church activities
Fees
8,475
8,475
0
(e) Other income
Other receipts
743
241
Legacies
743
241
Total income
138,766
36,832
(f) Grants received in the year:
From ODBF towards full time family worker
From Sandhurst Council for the upkeep of the Church yard		 Restricted
Funds
£
3,762
684
8,030
14,120
26,596
0
0
0
0
26,596		 TOTAL FUNDS
2023
2022
£
£
68,474
65,480
17,962
16,105
7,205
7,421
11,620
11,260
26,679
19,220
131,940
119,485
7,203
7,682
29,560
26,878
12,366
10,045
49,129
44,605
11,666
7,851
11,666
7,851
8,475
8,289
8,475
8,289
984
1,384
0
0
984
1,384
202,194
181,614
£
£
8,030
7,665
3,590
3,595
11,620
11,260		 TOTAL FUNDS
2023
2022
£
£
68,474
65,480
17,962
16,105
7,205
7,421
11,620
11,260
26,679
19,220
131,940
119,485
7,203
7,682
29,560
26,878
12,366
10,045
49,129
44,605
11,666
7,851
11,666
7,851
8,475
8,289
8,475
8,289
984
1,384
0
0
984
1,384
202,194
181,614
£
£
8,030
7,665
3,590
3,595
11,620
11,260
119,485
7,682
26,878
10,045
44,605
7,851
7,851
8,289
8,289
1,384
0
1,384
181,614
£
7,665
3,595
11,260

14

PAROCHIAL CHURCH COUNCIL OF ST. MICHAEL AND ALL ANGELS, SANDHURST

General
Funds
£
3. EXPENDITURE
(a) Church activities
Charitable giving (note 4)
8,914
Diocesan parish share
74,875
People costs
17,043
Churchyard upkeep (mainly peop
3,590
Musicians fees
7,051
Gas & Electricity
12,035
Cleaning
4,690
Insurance
5,057
Depreciation
0
Bank charges
162
Repairs and maintenance
930
Office equipment
574
Telecom/post
2,155
Stationary
1,055
Security
2,143
Other
4,628
144,902
(b) Fund-raising costs
Social events
20
20
Total expenditure
144,922
4. CHARITABLE GRANTS
General
Funds
£
Church Mission Society
1,248
Tear fund
1,248
Barnabas
1,248
Reaching Rwanda
1,248
Compassion
1,248
Sandhurst Day Centre
1,248
SCS - Sandhurst Counselling Se
1,248
St Michael's hardship fund
178
Restricted collections
8,914		 Designated
Funds
£
12,376
9,137
21,513
0
21,513
Designated
Funds
£
12,366
10
12,376		 Restricted
Funds
£
782
38,382
144
7,276
1,743
937
49,264
0
49,264
Restricted
Funds
£
782
782		 TOTAL FUNDS
2023
2022
£
£
22,072
21,021
74,875
73,383
55,425
52,276
3,590
3,595
7,195
7,926
12,035
10,467
4,690
5,404
5,057
4,698
7,276
7,953
162
349
11,810
7,712
574
1,704
2,155
2,536
1,055
1,664
2,143
3,177
5,565
8,232
215,679
212,097
20
69
20
69
215,699
212,166
Total
Total
2022
2021
£
£
1,248
1,185
1,248
1,185
1,248
1,185
1,248
1,185
1,248
1,185
1,248
1,185
13,614
11,230
188
439
782
2,242
22,072
21,021

15

PAROCHIAL CHURCH COUNCIL OF ST. MICHAEL AND ALL ANGELS, SANDHURST

5. TANGIBLE ASSETS

Gross Book Value
- at 1 January 2022
- additions
- disposals
- at 31 December 2023
Accumulated Depreciation
- at 1 January 2022
- charge for the year
- disposals
- at 31 December 2023
Net Book Value
- at 1 January 2022
- at 31 December 2023		 Fixtures
fittings and
equipment
£
61,145
4,339
(3,184)
62,301
29,232
1,836
(3,184)
27,885
31,913
34,416		 Freehold
land and
Total
buildings
£
£
271,975
333,120
4,339
(3,184)
271,975
334,276
140,246
169,478
5,440
7,276
(3,184)
145,686
173,570
131,729
163,642
126,290
160,705

Properties held for the use of the PCC are recorded at cost, and no consideration has been taken of their current market values.

6. INVESTMENTS

Market value at 1 January 2023
Addition
Valuation gain
Market Value at 31 December 2023		 Designated
Funds
£
109,337
315,000
46,333
470,670		 Restricted
Total
Funds
£
£
36,446
145,783
315,000
3,979
50,312
40,425
511,095

Investments comprised units in the CCLA Church of England Investment Fund.

The original cost of these units was £455.000. There have been no disposals.

7. DEBTORS
Inland Revenue - tax claims
Other debtors
8. LIABILITIES PAYABLE WITHIN ONE YEAR
Parish Share
Charitable giving
Social security and other taxes
Other creditors		 Total
2022
£
£
1,338
5,056
3,878
11,997
5,216
17,053
Total
2022
£
£
0
6,106
4,302
3,672
579
1,557
9,191
9,085
14,072
20,420

16

PAROCHIAL CHURCH COUNCIL OF ST. MICHAEL AND ALL ANGELS, SANDHURST

9. MOVEMENTS IN FUNDS
General Funds
9.1 Accumulated Fund
9.2 Designated Funds
St Mary's Mission
Repairs and renovations
Hardship
Designated assets
Sandhurst Counselling Service
Total
9.3 Restricted Funds
Youth Worker
Family Worker
Choir
Bellringers
Repairs and renovations
WinSpire
Special charity collections
Restricted assets
Pastoral centre
Baby & Toddler
Foodshare
Restricted collections
Total		 2022
Balance b/f
£
28,147
694,166
29,993
2,693
22,500
0
749,352
0
0
991
91
0
70,496
0
9,413
131,729
625
615
159
214,119		 Income
£
11,666
12,559
241
12,366
36,832
5,041
12,833
607
278
1,743
5,362
732
26,596		 Expenditure
£
6,156
9,137
10
12,366
21,513
17,000
21,382
144
25
1,743
1,836
5,440
297
615
782
49,262		 Revaluation
£
46,332
46,332
3,979
3,979		 2023
Transfer
Balance c/f
£
6,156
28,147
(26,663)
725,501
(4,339)
29,076
2,924
4,339
26,839
0
(26,663)
784,340
11,959
0
8,548
0
1,454
344
0
79,837
0
7,577
126,289
328
0
109
20,507
215,939

The PCC approved the transfer from the designated St Mary's Mission Fund to cover the current year deficit on the General Fund, Youth Worker Fund and Family Worker Fund.

The St Mary's fund has been used as follows;

Prior years
Opening balance
Interest
Investment Valuation
Land disposal
Youth Worker
Family worker
(8,519)
General fund
(13,412)
Closing balance		 2022
2023
All years
£
£
496,144
694,166
11,666
(11,035)
46,332
238,893
(4,945)
(11,959)
(16,904)
(8,719)
(8,548)
(25,786)
(16,173)
(6,156)
(35,741)
694,165
725,501

17

PAROCHIAL CHURCH COUNCIL OF ST. MICHAEL AND ALL ANGELS, SANDHURST

10. ANNUAL OPERATING LEASE COMMITMENTS

Plant and machinery
Expiring:
Between one and five years
11. EMPLOYEES REMUNERATION
Wages and salaries (including NI)
Average number of employees		 2023
2022
£
£
565
0
2023
2022
£
£
50,399
47,498
3
3

£10.915 of wages and salaries were recharged to the Sandhurst Counselling Services in 2023 (£11.121 in 2022)

12. PCC MEMBERS REMUNERATION AND EXPENSES

No remuneration or expenses was paid to any person on the PCC or any person connected with members of the PCC.

13. RELATED PARTIES

For part of the year Jon Toohey was a Trustee of Compassion, a donation of £1.248 was given to them during the year.

14. CAPITAL AND FINANCIAL COMMITMENTS

The PCC have resolved to make a contribution of £17,000 to Sandhurst Youth before April 2024 to match a grant of the same amount already made by the Sandhurst Town Council. The PCC further resolved that no further commitment be made pending a review.

18