Charity registration nurnber 1134647 PAROCHIALCHURCH COUNCILOF STGEORGE'S CHURCH,WILTON ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS FOR THEYEAR ENDED 31 DECEMBER2023 Lentells Chartered Certified Accountants
PAROCHIAL CHURCH COUNCILOFsf GEORGE'SCHURCH,WILTON LEGAL AND ADMINISTRATIVE INFORMATION Trustees Rev'd D N Griffin Drm Yardley Mr C Michell Mr Pjoyce Mrs H McKegney Mr M Norman Mr8 M Carson Mr PCol8 Mr P Underwood Mr I Pinder Mrs B Baigent Mrs K Lanchtry 18ppointed 15 May 2023) Mrs H Hayes lappolnted 15 May 20231 Miss Lwilletts lappointed 15 May 20231 Rev'd R Kelley {appointed 11 July 20231 Rev'd R Cromwell {appointed 11 July 20231 M8 D Vlckery (appolnted 17 Sept8mb8r 20231 Ms L Norrls lappolnted S March 20241 (resigned 15 May 2023) (resigned 15 May2023) Charlty number 1134647 Independent Examlnor P A Stallard Lentells Llmited Ash House. Cookway Blndon Road. Taunton Somer8et. TA2 6BJ
PAROCHIAL CHURCH COUNCILOF sfGEORGE'S CHURCH. WILTON CONTENTS Page Trustees, report Statement of Trustees. responsibiltties Independent examiner's report 10 Statement of fin8nclai actlvitles BaianGe Sheet 13 Stat8m8nt of cash flows 14 Notestothaflnanclal statementB 15-26
PAROCHIAL CHURCH COUNCIL OFSTGEORGE'S CHURCH, WILTON TRUSTEES, REPORT FOR THE YEAR ENDED 31 DECEMBER 2023 The tru8te85 present thelr 8nnual 18POrt 8nd flnanclal Atstementsforth8 y8ar end8d 31 Decembar 2023. The4ccDunts hav8 h88n prepar¢d In ÉccordAncewlth the ÈCCOUDting pobcles set out In note 1 to the accounts and comply with the Parochlal Church Council's governing tru8t de1, the CharfUas Art 2011 and "AGeountlng and Reportlng by Charltles- Stètement ol Recommendod Practlco appll¢abi8 to thadt106 proparing their 8ccounts In 8cGordance wtth the Financial Rbporting St8nd8rd appllcable in the UK and Republic of Ireland IFRS 1021" la8 amended for accounting periods commencingfrorn 1 J&nuary 20161. ObfvGtlve8 and •Gthffilg• The PCC has the responslbillty of Co-operatlng the VIG8r, Rowd Dr Nlck Grfffln, In the whole mls8lon ol the Church. pastor81, evangellstlc. soGI81 and ecumenlral. It 8150 hB8 the mBlntenance wwn$it41itle$tor the church 5 proptses. tsllc Baneflt Sl8tamont The Trustees hgve paid due regaro to guidance iswed by the Charlty Ctsmmlssion on pubuc benefit in decSdlng what acthAtles the PCG 8houid und8rtakè. tt Is th6 PCC'S Int6ntlon that St. Georg8'8 Church, Wllton, ttÈ h811, churchy8rd and Ilutments should be available toth8 loc81 communityth8tharth8yai8 church memb8rs or not. AGhlovomont¥ •nd porformonc Church M•mbBrshlp fjr Actlvtty Th8re are 128 memb8rs on the naw Church Electoral RoiL The St GeoTgg& knrxhlpplng communw. a8 reported to th8 Dlocese ar31 D8C8mber2023 wa8 168. St George'8 ¢ontlnu&È to anable the comrn to math li1g'8 miiastontss. Durfng 2023 there wsfB 6 weddings and 10 baptisms in thg church. TherB W0r• 18 funeraL8 elther in the Church or at Taunton Cramgtorium. All ol theee events tsring the church Into contact with peop at very slgnfficanttime6 in their (Nes and the mlnlstry tsl the church is spprecisted. It al80 prosents an opportunityto make th088 rnembers ofthècommunlty awara of otherthings the churchls able to offer. 2023-2024 ha8 b8en 8 wonderful yoar 8t St George* where hav8 confjnued to see #rovrth In spirit and in number. l am 8m8zed at the many ble&8ing8 God hès poured upon us a8 a whole community. At St Goorgè's we break theB& dts1 Into 8averal categorie3 to holp us focu5. Worshlp All of cur stnrfces havo gro both in$plrft8nd in number. Th8 appointment ol B worship diroclor in Chrts S8m$on has had a transfornialNe eff8¢t on our pubil¢ worshlp senAces at all polnts. Although wo aro grateful lor hls deep muslcal Sli and tslent, It IB h18 character and deep splrwiualltythat hèva leftthe deepest irnpre88ion.
PAROCHIAL CHURCH COUNCIL OF STGEORGE'S CHURCH.WILTON TRUSTEE REPORT (CONTINUED) FOR THE YEAR EhlDED 31 DEGEMBER 2023 Tho 9.30 ser9 h88 SgBn a ste8(ty giowth In numborthroughoutth8 year. so that Wg regularty so? 65-80 adults on a weekly basls. The 88rvlce ofters 3 8tgadyyol 8nergotic ithjwcal form toU%wilnKCornmonWor6hlp. Twtc8 J month th8re 8re addltlonal choral Dffwin8s- once Vdith a moreform81 robed choir and once with a'Com8 and Sing. Cholr that Is more flexlbie. fhls newer cholr Is more relaxed wrfthcrtrt robe6 and opan to the 019 communlty and has regularly attr8Cted 8 grter number of people so that the cholr can be up to 20 people. Chrfs Sampson works 88 Cholr Dlrector and Goordln8te8 the cholr 8ntl Ls 8mpLy 8LIPPDrted by musoclans In¢ludlnE Ian Carson. lan Gouge. ephen Page, J8cW8 &nd Ai8na Cott8y. Tho 11.00 Serce hAs glso grov4n maThEUou$ly and establlshed self Into B more regulBr pattern and style. Att#ndance flgur88 sre betW88n 790 adults 8nd 15-20 chlldien p8r Musically. Chrls has brought rog8ther the dlffer8ntGtyies of tha bands Into a mor8 regular pattorn and add8d #r8at richngs5 tothe quabty and spirltuallty of the musle offered. There are glmply too many muClanS to 118t but we are especialty grateful to the muslc81 lead8rg Including Sam Rlchardsm, Zach and Kaue Bartlett. nm •nd BarbArB Rnch and Rob Cromwell. One of the aspects I have been keen to develop Is the openn8BStotheworkofthe Holyspirit in our servlces¥nd pur muslcl8ns have 8UPPOrted thls wonderfulty. In F8bruary 2024. we began £ trialto mowtha 11.00 8eThice to tha Church buiLding after continued probiemBwith Qvgrcrowding In the h8U. Thi8 ha6 baan VWl receNed 80 far and is ongoingat thetime ofwriting. All of our servlces Bre support&Y bywr tschnlc8Lte8m. Led by MAtt Nonnan and weil supportod by Matt Ellet and L8ur18 Jelfgry. As th8 quality Bnd diversty of ourmusic h88 Impr¢N8(I th18 has beerb a subst8ntl81 inGfa8B8 in work. As a member of st8ndlng committee. PCC 8nd 16ading the technlcal team, l am Gontonuolly Imprèssed by Mptt's charact. w111neSS ttj work and suppprt thls wmmunty8ndJust make it 8Uwork Th1$ 1$ onty pos$lbl¢ bocJu8e of h[8 ¢tsmmftm8ntand irNefortha place. We ttontlnue to stream our 11.00 88ry1ce and 8ro worklngtOW8rd2 stregmlngthB 9.30 senrtce too. Regular vtevlng flgures forthe streams are 100+ peTweek and we h•ve #round 4tKI subscribe on YoLrtube. Mltlw8okworGhip has Stopped duringthi6 ia8tyoar dug to our volunte6r6 decidlngtotake a br8ak.Th8 monthly BCP communlon8 h8v8 atso c8aBed due to lack of intorg8t. W¥ romain op8n to semces ot midwe8k wor8hip bLbt thwe ar8 no 8re4t plans 8tthlstSme. Thgr8 were a number of 8pecial serceS during the year. HlghUght8 Include a lolnt serGe th Gospel mu8lc botW88n 9.3Q and 11.00 lor Pentecost. a speclal H8rv88t $8rvtCB 8t Cutuffe Fami. Partlcul8r mentlon for the confirmayon 88tvlGè In we welcomed shOp RLrth to bapli8e 5 candld8te8 through full Imm¢rslon and 9 C8ndld8tas for conflrmatlon lincludlng on&fram St Mlch8et'sl. In June 2023, we we blessed wh the arrfval of Rev. Rob Qomwell 88 Our trglnlng our8te. Rtsb has made a substanllal dlft8rence Across the board 8nd more deralLs aresprlnkled ihrough th18 rgport. Also inJune 2023. wo welcom¢d C8rmen Crc*nweii as an ordlnand mlxlngher studle8 wtth proctlGalwork here Bnd runnlng her ch8rity'Puls8 Mlnl8tr186'. In lune 2023, Rlchard Ke(ley was U¢ensed a8 our'Associate Minister, ty Bl8hop Ruth Taunton and h88 been a valuable addltlon to the team. Richard's main Tole Is ba8ed at Quoon's Colleg8 Taunton a3 their chapL8ln and h WOT8hips and 80rve$ at St G8orgos Dn a regular bas15. God has bie888d u8 rjchlywtth many ietlmd mlnlsters and vn'regrateful fortheir 88er$ and untsoen contrlb¢Jtlon$. 8pecialthanks go to R6v. G&off Treasure. R.jennyjeffery. Rev. MlchaeLHoyps and Rav. Martin klrkbrSd6for all of thelr hardwork. love and dedicatlc)n. Christma8 and E88t8r S8nAcas wera lammed fvll th{8 last yBar. Over th& Chrfstmas week we had over700 peopl8 go through the church door8. Th& 8&r%rices acr088 Easter Day2024 saw240 peopl0 8ttend.
PAROCHIAL CHURCH COUNCILOF STGEORGE'S CHURCH, WILTON TRUSTEES, REPORT (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER2023 Thereare now monthly'worship Gathering8' combiningM)r8hip.trainingand bible studywhere our mu81cians now gather. The8e are weil attended and a per8onalhighlight of my month. Faffllly8nd Chlidren Our f8mlly and children's work ha3 now gained 8 more dtstinctfve sh&pe and pattem wlth a MIxr0 of weekly, OCttBslonal and sea80nBI groups and maetln . Wony Grtllin Is our chlldien and famllias cooidlnatorfor the church and we are v8ry gratsfulfor her188(Jeishlp of 8n 8blE 8nd slIedt08m. SpeclBI mentlon goes to H118ry Haygsi J8y L8nchburyi Judlth PickLe8, L8ur8 Archi7aid and Ch8rLotte Kelleyforthelr outstsndlngwo. Stay and Play remains a blockbust8r part of our week with a fuu hau on a w8ekly bas15 frjr fAmlUgs to gather wEth their tiny one3 for fijn. pLay. stor1&8 and frlend8hlp. Both East8r and Chrlstma3 $ervb¢8 yr8 h8ld In Church for everyone. Speclalthanks goes to ollofthe le&dersand In phrtlcular,Judf(h Plckles. LauraArchlbold and mèny mBny more. Our SundayChlldren% mln16ty h88 n(wfound a clearpait8rn mlxtur8 andwe are gratetul forcon8lst8ntlyhigh quBlity work aGr(w the board. Th8r8 aT8 now 3 cLo8r stre8rns of 8g& brèckets including totB@11. kld8@11 and yOLSth@11. Number8 Ot children attending these seThic8s varies betren 15.25 on a wgekly b48is. Thi8 18 a huge amount of Yrk on a regularba818 anil it is ndruIt0 8 In Kld$@11 Hllary Hay88 h08 done8 speclal emwntUlwo ¢xh*rlng manym•ny areas, c8rlngfrJr 8nd trBlnlngtho volunta&rs in Kids@11 and de3er¥esvgrym8nythank8. Hliary ts stgpplng down In Summer 2024 to focus on thlngs. To manage the numbw of chlldr8n requires a lot otvolLmt88r8 and wrfll need tD wlorg howto expand th1$ tv8m In the comlngyears. Speclal menllon shid bo m8de Df the iÈunch of s#Juth@11 whlch Is the first regular youth work In mary many years. Theyouth moot Yeguiarly In the player shexl vAth &v8rfEtyof leade[3. Rose Slock8ndJÈy LBntthbury r8allyEQt this off the ground and it Is now woll 8UPPOrted by 8 number Df leaders. Numbers are good and solld for a youth OUP 8nd expected to swell in th8 comlney8arl31 astheJThJnger ège braeket gr8du8tes. Tots@11 h&B had a md y8ar and18 now on 8 Stjrw footing. Attendlng yh parents. the children meet to sing a 80ng, 8h8re a croft and playwtth to.The gefvlee is stream8d Into the space 80 that the par8nts c8n connect with bit ofthe V•iderwor8hip. BLE Budd168 confjnued throughoirt 2023-2024. Th18 18 a gontle wÈMng eroup 9UPPOrtSng parents and chlldren through company. lov8 and support. Th9y meet (Mjtslde th8 chUh ond go for a short Walk vAth timè tor gamBs. coff89 and lun. Thi6 communlty engagement acfjvlty has 8egn a numbBr of ptrople connect tho ohurch moro w£dely Includlng alFkn8 Gouf8B8 8nd 8ttondin8 SundBy s{Ce&. In the earller part ot the year. 8 blble study fof P8rents we$ hdd for 8 period oftlme bthIS Iscunently In 8iwnGe. Led byBryonyGrlffln, MossyCPturch has run 8 nurnbBrof events througfvoththeyear mixlngcrafts. songsand games wlth chlldren and famlues to help the communty engag8wrih God thrDugh engAgtMg in nkrture. Numbors condnue lo be hlgh, althoLtgh we hgVE tended to find th8t our smaller scale 8V8n18 have better qu811ty engagement 8nd conver$8Uons. OurBapti8m and confinnationB inciudedfwrcandidates under 18. A8th8vlcsr I have r88lgned my posltlon of govwnor8t Bl8hop Hondernon School duetodup15catlon Df the rtslevAth the vlcar ofst Mleha818 Church. How8VW. CDntlnueto Nn assemblies at Bl8hop H8ndon S¢hooL
PAROCHIAL CHURCH COUNCILOFSTGEORGE'S CHURCH, WILTON TRUSTEES, REPORT {CONnNUED) FOR THE YEAR ENDED 31 DECEMBER 2023 CommunSty In August 2023. the Commvnlty Fridge launched and was opened by Cunton Rog8rs. The frldge was funded by Hubbub and Taunton Town Cwncll In order to re4Juc8 foo(1 w88t8 acrws th6 town by tsklng In food weste and redlstributing It. M2rYyn Roberts has Led the chafge on the project Including the necessary food hyglene rules, recrullmentand tr8lnlng ot vDlunteers 8ndwe 8IBV8rygrat8fulto him ft hls ersh1[8 8fforts. To dat8, thefrldge has $8ved ov8r201I0 kg{2tonl of foodfrom th8tlpl pro¢ured A gv8nt from the WAM) SpBce9 Grnnt from the Somerset Communltles Foundatlon to run the'soup, Prolect. Thls was a roarfng auttcess wlth between 230 people fed 88ch week In the Dunnln¥ Room. Thanks go to Rob Cromwailfor ch8fflng duties. plus Kateand F4ch8rd TOr. Marycarson and Th8sbin4 T88guefor thelr woik on supportin¥the communty. The p18n18forihe'Soup'groupstO Tun In the coldermonthswththe Tuk-Tukcommunlty C8fé In the wfirmei months. The Men'8 Shgd launch8d In Apvll 202& Thi8 grthjp of m•n meèt In the Se(xrt Hut for 80Ci81islng 8nd pr8Ctical projects. Trtis group have done a prafound amount of practical t36ks wth hlghiights Includlng ongoing work to the tuktuL transforming th8 tuk4uk Irai18r into a usoable home alongside innumBrablg smaller procfjcal job8 around thechur¢h 8pace. spacia1thank8toTryWar8fOrall0f hi8workin organisingand coordlnatingthls Importantwork. Not to be left out, K8te T8yior 1ounGhwl a Atthe Puv 8oclalevent Tfftthlch gathers women from across the church ¢ommunitytor8 800i8ltlm8. There were o number of otherWomen¥ mlnlstsy events IncludSng a Chrf5tmas Craft event and a Bake Off. Thanks to DI Mck¢ry and Bryony Grbffin forthelr work In arrnDBlngth888 t10n The ValL8y Café launehod in April 2023 led by RÈV. Getsff Treaguie #nd KatsTWr. Thi8 ber8av8mgnt support group 18 an innovation int8nded to give space to those have been bgroavad rocently or soma tim6 ago and h88 bean very much appr8cl•d bySLiwhDattded and otherthurche8 have askedto copythe ideal Thanks to all involvod. Wè hav8 run 8 few mea18 including'CLFrry Clinton'Ththich rni8ed 8rfAJnd £700 towards the Gommunlty Fridg8' 'Moroccan nlght. following the terrible earthquake wthich rais1 around £21100. plus a numbBr gf srnEIIBr seale church famity mèh16 %thlch tmjiltffiendship and fellowship amongst the community. Rob ha8 takon • ro81 lead In helpingu8 tothink abLt moio hospitalkty in the church and rthankS ar6 due to hlm. rolLforthe soulcondnuesto 88ther groupsfor8 gentt8w81kwlth prayoT.friBndshlp8nd the oGG8slonolÈonK8Long tho bByS ofTaunton. 18ne Joyce has led our thui¢hy8rd 8ordenln8 teom be?uttftAiy and thalr careful Ènd dlllgerrt wark h&g produced wttLL used, gppreclated and impre¥8ive chvrchy•rd 8p8G&Thgnkyou to Bllofthe team! Our now reader. KateTayiorha8 tak8n charge ofour 8ngaE8m8ntwlth the c8re hom88. SUPPOrtingStGeorKeÈ Caro Home. Elllsfldd Crt and Euiabeth HOUThI8vrkhsrnd on a gr&at8trtde th181 8nd lam grat8fulto K&t6 and h8rt8am. Hll8ry MGKegney h88 led our pa8toral t&am. Thè r8gularmts. hom8 cornmunlons and Support offered 18 8uperb and l am proudto rk aLongsideth8m In ca10r our church 8nd wld8r community. Carmen Cromwell has t8ken on the leadership of our home groups followlng on from the excell8nt work of Geolf Treu8ure. These have now swelled to 7 groups in totsl and my 30nse Is that the great need is for furthar leadar8 to take on &rp5 ratherthan 818ckof inteiest In more prS10Th. Thanks toCarm8n for all Df herwork. Flnally, OUF Chrlsimo8 Fayre vJ8s o fun 8nd joyous occaslon de8Ptt8 the bltlng w8*her that we experlenced. The team put together an Immense event Inttlvdlng musl4 food. stalls and craft and raisod around £20CfrO forthe work oftho church. Specialthanks again to Hilary MeXèEnèy, Bèthan Balgeni, BryonyGrlftln and Camien Cromwou.
PAROCHIAL CHURCH COUNCILOF STGEORGE'SCHURCH.WILTON TrUSTEES' REPORT{CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2023 Flnanctt and Re8ourM8 Ourtreesurer has glven a reporton flnanco below. so here l rfUfocu8 on our physical and human ro8ourc88. The addltlon of a full-tlm8 tralnhg Curate, Assoclats Mlnister, Vlorshlp Dlr8ctor and Placoment student has transfomied the working anvtronment so thatthere is a Glaarer sense of a t8am worklng togethw to produce many olthe events And &ctivitie8 ilsted above. Di Vickery h88 pmvided exceiientJupport a8 8 Churctrmèrden. Di only intends to be partofthl8workfor a reLatiVY ghorttlmg l$h9[l6tepOwn atthe nextAPCMI buthas a gre8tsuppor¢ helpand guideduringhertlmtr. Th8nk you Dll Our Potsr Joyce has lust complet6d a decade of mlnistry as a church warden. HIS work18 often unse8n to sll Eyjt God ond meyet wlthout Pet8r'8 kindnass, thoukntlulne&s and conllnued eftort8W8WDuld be dèeply impovtrrlsh¢d. Th8nkyou Peter. Our thlrd year of runnlng th8 NlTristry Experl8nce Scheme IMESI h88 beon dlffgront agaln. 5 candld8te$ loln u8 tUrIyth a f&WsItr. 2 of the candidats$8refrDm St G8org8'S AndthrB8tsom othw churchès. Thls has been wo118pprEclgted and some of thes8 members are expiorfng their own futuro mlnl8trfos now. From last y68r, 3 gradu8t8s of the MES went 10Thrd for ordination and we concluded tha last year wlth 8'Day of Prayar, whlch tha members all contrlbiJt6d to. Th8 dlocttse removed their flnancl818UPPOrt from thls project and fund1 ha3 been gathgred from the dlo¢esethrough a ditfer8nt'pol'of fundln& We ran a major bullding yojg¢t tnSforMing the office space. Thls was a major operation of clearing out old matBrlalth8t had gathergd. The new 8P8ce8 mean thèro Ss a Bpèrnte ertrnncetothe office from the vlcarage and the 8pac88 h8ve b88n tr8n8formad Into 8 wofe86ional working 8pace8 that Ban accommod4to tho number Df stsff thatwe now host. On8 of the thing81 haw lèamtsof8rabtxrt church growth 18 that for growth to be 6U8tained you need to'backfill'8trurture8to alLowthose new peoplèto be cared Ioi and 8UPPOrted.Theofficetran8form8tlon h88 m8d8 8 8ubstantlal dlfferenceto the over8Uwork ofthg church. Some work has been begunto explore hrw our bultdlng and sp8ces mlght be bBtter used to serye thè communlty. Paul Col8 h88 beon Instrumgntol In the tr8nsfDmiafjon of the office spaces and hls generouy givlng of hl$tlme 8nd wl8dom h88 been invaluab18 on 8 communty and perBonal leveland l tskg hls 8rrlval care as g slgn Df God's pn)vidential hand In our commur4ty. Thankyou Paul. Spaelal thanks to J&nny Nomian who a(fvanGed our s818gu8rdlng agondh and Impr0ments to our systam8 to 88f8guard our vulner8bl& adults and young peopl A standing committ88 w88 formed tts help expedit8 the busine88 Ot the church. Megling on a monthly basls, tho st8ndSng committa8 18 lormed of Nick Griflin. Pgt8rJoyGe, Di Vlck6ry. Matt Norman, Bethan BaiE8nt. Rob Cromwell and lan Hnd•r.Thls has helped reli6vethe pressure onPCCmeotlnt0SbtftIffjM buslne68to strnteglc approache8. Followingthe sad death ofMicha8lSmalLwB're Ineredlblygrat&fulthatRobin Stamp has 8t8pped In to helpwlth the minlstryof Chrlstlan GDAng OffiGer.Thi8 18 such 8 helpfvl roleto rnakethepl8ce run smoothly and without conf¢t$ of Intere8ts and wa'reverygratofulto Roblntortt. MIs81on Flob Cromw811 ran 8n Alpha Cour88 in the Autumntemi.Th18WO$ 8 smaller scaLethanthe prevluusye8rbut members hwe nowfound thelrway Into churches and home groups. We aratrlalllnga n8wwaYoftajngC01iOGtIon$ tyreduclngthenumb8rolml8slon parb)ar8to roughty one per month. A¢8rd 116ting these charltles18 av8118ble otthe b8ck of church and thls meansthatwo glve 8 more sub8t8ntlal8mount to charltl8S aNI reduco the admlni8tf8tlDn both here and for ¢horltles beyond.
PAROCHIAL CHURCH COUNCIL OF STGEORGE'5 CHURCH. WILTON TRUSTEES, REPOFrr (coNriNUED) FOR THE YEAR ENDED 31 DECEMBER 2023 Th8 pr8yer 8hed h88 be8n ava118bL8 2417thnxJghowth8 y8•r 8nd hA8 b8$n c8r&d fr)r B8P8rlBlly bylane HAmllttsn, Janfy h88 a180 led 8 r8gui&rgroup ofprayerson a midweeklunchtimesiotand6h8de68rvesourspecl8Lthanks forth18tel and speclal mlnlstry, WB contlnue to offer wayer mlnlstyatth• 11.00 and dre iuokln8atwayto Incre•se 8n8A8ement In thls ¢tlty. Concluslon Iti8 myprivtiegeto continu8tO 88lVethi8 place8nd witn888th8 h8nd of God craftingandformingthi8 cornmunlty beautiftjlly. I may havg ml889d name8- and If so forghffj me. We ha grown in SPIr And In number and Sti8 myutm08t belief thatwe'i8 not doney8t. God ha8 morato do amontrt us. rnor8th¥nw8can gskor imagine and to hlm bg the glory. Flnanclal R•vl•w The growth in church attendance, 8ev8r81 new Inlt18tlves, eypanslon Lbf our Mu¢ and wornhlp toAm. Infl&tlon and the redevelopment of the church office 811 contrfbutod to 0 23% Increase In exKIBndtiure In 2023 compBred wlth the prevlous year. However. It Is plea8lng to Bee that church rneMbe haNp responded generously an Increase of 24% In Income from our Chrlstl8n Glvlngscheme and many new peopleiolning. The 8ettlngup ol the Cpmmunlty Frfdge wouLd not havE been po%sib1ewlthrrt grantfrom Hubbub and sponsorshlpfrom Taunton Tovm Councll to thom we aro verygrÈtgftAL Nany people enjwd the Cosy Café and th8 Soup luneh88 fund by Worm Sp4cesgr8ntsforwhlch WE must 81$0 8xpr8S8 wrthanks. FurtherweLcomeond generou8tinanclal 8UPPOrt has beon provlded for thoTuUk In memory of the lats Chrlstine Harris. Thank8 must ai80 go to a11th¢ people vtho contrlbuted so knndiyto the Office R8dev61ppmentAppeal. Thls url&MOrouS utvery nocessaryprollect Gould not have been funded from rewlar Ghurch fttnds alone. Our P8ri8h Shere for 2023 ha8 bggn p81d In thll 8nd wp have andod Ihp yèar wth a mod68t surpluB of £2279 befor& Investment galns. Without the receipt of two generS leg8ci8s totslling £7.¢Xrf) lfvom the estatos ol thg late E8bOth MortFm8r White and the late Michael Rourkel we Vlvuld not h8v8 covgr8d our costs for tha year and this Illustrates how valuable it18foi churth memb8 to rememberth6 church inth8irwill& The Parish Share h58 Inerea58d again In 2024 and the financlal (l00k for au thhS romalns challenging but we are blessed to have 8 congregation withthvlU andlalthto meetthose challenga8. Re8BTVO8 PJcY A ch8rfty'8 ieserv88 fund the worng capttsl whlch 18 requlre(I to payfor dty-to-day oper8tlons. In addltlon. reserves are hèld to mè8t unfor8s88n c08t8. to fln8nco newlnftlaiivgs and to tund the Eap6 b8ts488n G88h reB81pts ond paym8ntr. Our poiEcyl8 to malntsln a minlmum level of free unre8trfcted rBseNes equlwalentto three months revenue expendhure. AS at 31 December 2023, the PCV$ unrBthGted res8rves stood at £51J,080 vthich amounts to lust over 3 months regular revenue eyp8ndlture. Invostmant Powors and P(•Ucy TheTru8te86 ar8 r8sponslbleltsr rIngthat sufficient ca#h la h81dtO CDv8rtho day-to-d8y expen$ets ofthe charstyand the be8t retum8 available 8¢hievwl on 8urpLusfunds and Ih&8ndcv•mi8ntfund. Th8 Pctts 8ndowèntfunds ara inva8ted in the CBF Church of England Inv8Stment Fund- kncorné Sh8r8s administered by the CCL
PAROCHIAL CHURCH COUNCIL OF STGEORGE'S CHURCH,WILTON TRUSTEES, REPORT (coKfiNUED) FOR THE YEAR ENDED 31 DECEMBER2023 Rl8k Mfinagement ThoTru818os consider r18k and othpr unwt8lntle8 rogulerty atthelr meeting¥. whe po8slble, p¢Al¢lp8 are 98tabllshed and procedur8s adopted to mltlgatsthose rIskS,ethWtheY&r6fInancl8l or not. Cash flowi8 mDnf(ored and 8 financlelupd8ta Is provliSed at every PCG meetlng. The lei of volurrtary In¢om& &nd our abil to pay the P8rlsh Share are ragulorly dlsGu$sgd. togBtheYwrth satsty and p¥ot8ctton issuosfor those wsitingthe charitys pramisos. StruGtWQ. 8ovem•nce ond managamant The P•rochlal Church Councll IPCC) is 8 reStered charity number 11346d7. ItYts8 re&18tored on 4 March 2010. ThoTru8teos aro the PCC mombers. ThoTwstfje¥whoswved durlngthBytBrAnd uptDthv*dBteof slgnature ofthBflnBncl81 st8tements wera: Rev'd Dr N Griftin Dr Myardley Mr C Mlthell Mr P joyce MrsH McKegney Mrm Notman Mr8 M Carson Mr P Gote Mr P Underbvood Mr l Hnder Mrs B Balt MrsKL&nchbury Mr8H Hayes Miss LWlllÉtts Retyd R KelL8y Revd R Cromwo11 Ms D Wckery M8 L Norrls (rasldned 15 May20231 Ireslgned 15 May20231 lappolntsd 15 MAy20231 lappolnled 15 M8y20231 (appointed 15 May20231 lappolnted 11 Juty20231 lappolntad 11 Juty2023} appointed 17 S8ptgmber 20231 (appoin 5 March 20241 The method of 8ppolntment ol PCC member8 18 sot 5nth8 Church Rppi8santation Rules. Alichurch attend888 ar8 8ncourhged to reO8t8r on the EiectoralRoU and Stand for 616Ctlon to the PCC. The PCC ha8 2 Working GroLEP overseeing tha maintenan¢8 and m#nagamant of the churchyard. It ha8 producgd a Churchyard Management Poticythich has bggn approved bythe PCC and which 18 f8vi8wgd annually. PCC members aro the Mgngglng Trustees of the Church H•ll and th8 Sewt H, the Dioc88an Board of financo is the Custodian Truste& The Church 18 the land t)wner of the Wlton Church ALlotrn8nts la charity) and tho PCC i& r88ponsible for ensuring thot they r8 kapt In good order; that income and gxpendttui& are In baianco. and that a reasonable 8urpLus 18 ggn¢iatod tor ,clOs188t1C&L purposes".
PAROCHIAL CHURCH COUNCIL OF STGEORGE'S CHURCH, WILTON TRUSTEES. REPORT (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2023 Sp8ciflc roles fulfiiL8d by PCC mamb8rs ara 88 foLi(hv8: Wcar: ChurchwBrdan8: Revd Dr Nick Griffin (Chairl Mr Peter joyce M6Di Vlckery Mr8 Hilary McKegney Mrs Hilary Hayts Mx Lucy NorrlÈ Mr lan Ffjnder Do4n¢ry Synod Rgprosontatlves.. Secretaryto the Church CounclL Tre88urerto the Church Council: TheTru8tse8' r8portWa8 apprd by the 808rd ofTruttee8. R*d Dr Vlcar Grlffln D8te'. ..,,..... MBY 2024
PAROCHIAL CHURCH COUNCIL OF STGEORGE'S CHURCH,WILTON STATEMENT OF TRUSTEES. RESPONSIBIUTIES FOR THE YEAR EhlDED 31 DECEMBER2023 Th8Trugt85 arè r8sponBlbl8 ft>r pr8p&¥1nethéTru8t8. R81)0rt 8nd th8 Ilnancial 3tat8m8nts In Accordancèwith appllc8blg lawand Unltod Kingdom AccountingSt4ndards (Unitod ngdoM Generallyknpted Accounting Practice). Th618wappllcabieto Cha110$1 Engtand andwales r8qulr6sthaTrustee9to prop8rèfin8nclBlststsmentsfor8a¢hfinÈnclal yearwhlch g1va è trua and fairvlew ofthe state of affalrs of theP8rochSalChurch Councll ond tsfthe Incomingre8ourcès and application ol re8ourco8 ofthe Pgro¢hl8LChut¢h Cwn¢llforthaty08r. In preparingthe6efSnanclal8tstements. Ihe Tru¥leo8 are requlredto: 88lect 8ultabl8 ac¢wnttngpollcl¢8 ¥nd thon apptythem con818tomiy. obseNr the methods and princlptes In the CharltlesSORP, makeludaments and esttmates th8t are re8son8bia and prudent: swè whether 8ppUcabla 8ccourrtlng st8nd&rds h8¥& baen loLiiyNed. subject to ary Mell81 departures dlsclosed and expl8lne(I In th8 flnanclal stemorrt8' and pr8par8 the )Inancial statents on tho golng eoncem ba$ls un188S it is inopproprfBt8 to pr8sum8 that th8 charlty wiu continue in operation. TheTru8teas are reswnsibie for keeping 8ufficient accounting r8coftlsthat dlse1098 wlth reasonable accurncy at snytlme th8flnanc141 poBltlon of the Parochi81 Church Cnland enablethemto ensufethatthe finan¢lalst&tomants Gomplywtth th8 Charitie8 Act 2011. th8 Ch8rlty (Accounts and R6portsl Reaulatlons 2008 and the provisions oftho trust deed. They are 8180 responsible lor saleguardingthe as8ets of the Parochlal Church C(yJncll4nd hence fortaklng reasonable 8tep6forthe pr8vention and detection trf li&ud and other irreguiarilies. The trustee8 ar8 r&#ponbla for th& maintenanc8 and integrity of the charity *nd financial informatlon included on thg P810chlal Church CouncS1's web81t8. L8slatiOn In th8 Unr¢8d klngdom govemlng the preparatlon and disB8mination of Ilnancl818tstom6nts may dlfferfrom legislation in other juri8dictlon8.
PAROCHIAL CHURCH COUNCIL OFSTGEORGE'S CHURCH.WILTON INDEPENDENT EXAMINER'S REpoiYr TO THETRUSTEES OFTHE PAROCHIALCHURCH COUNCILOFSTGEORGE'S CHURCH. WILTON l ieportto thetn18tees on eXaMInatIon of theflnancialstatementsofthe ParochiBIChuvch Councllof St Georye's Church. Iton lthe Pgrochlol Ghurch CoundD fortheyear ended 31 Decom1 2023. Ro8ponslbMltlts and ba•ls ot rèport As the Trustee8 of the Parochlal ChLFrch Councll you Are responslble for the preparaon of the flnanclal 8tstemanis In cttordancewlth r8qulrem8nts 01th8 Charfd88 Act 20111th82011 Act). I report In r&8p8Ct of my &xgmination ofthe P8rochlal Church Councll fin8nciBI 8tstements caried out undor Se10n 145 of th8 2011 Act. In carrylng(Krtry 8x8mln&tl(xn I h8Nvfo1l(pda[iIheappliC8bl& Ditectlon8lN8n byth8Charfty Commi88itsn undar $oction 145(5llbl othè 2011 Act. Independent Ex•mlnor'8 #I¢Mrt Your attention Is drawn to th8 fact that th8 charity ha# prar8d ffnanclal st8tém•nts ID accordance wlth Accountlng and eportlng by Ch&rlties preparing their accounts in Bccordance with the nanCIaL R8POrting StsndErd applicable in the UK and Ropvbllc of Ira&nd IFRS 1021 in preference to the Accounting8nd Reporting by Charitiea: Statsment of Recommendad 1¥8GtIca i88U8d on l April 2005Nthlch18 reterred to In theeKtantre8ulation8 trArthas now be8nwrthdr8Ym. l under8tand thatthl8 has been dono In orderfi)rthe flnanclal ststementsto provide a tNe and faIraW4n aocord8ncewlth Geffl8rallyAccepted Accounting Practice effgctive iorreporting p8rfod8 Wnning on LY 8ft¢r 1 J8nuary 2015. I havo ¢ompL8ted ntygxamination. l LsyM that no matters ha cometo my attention in Gonneclion vthh th8 examination glwngmo ¢¥us8 to belsevethBt in any material respect: accountlng rÈLo¥dsw8ie not keptin respect ofthe Parochlalchurch coun18 required by80Ctlon 130oftho 2011 Act; or 2. the flnanclal 8ts1ements do not accord wlththose record& or th8 flnanclal 8tat8mentB do not compty wfth the 4ppllGablB requlrements concemlng th8 fomi and content of ccounts set out in the Ch8ritse8 IAccount8 and Reports) Aegui8ttons 2008 othor th8n any requlrgm8nt that the acctsjnts Ove a tTUts and f8irv1Whi¢h 18 not amatt8rcon8ider8d 8S Part of an independenl examin8tlon. I have nD concerns Gom8 a¢ross no other matters in connection Vlith the a¥amlnatlon to thlch attentlon should be drawn In thls report In orderto able 8 prOr underst8ndl ofthefln8ncio1 statemertsto be roached. P ASt&Uard LenteLi8 Llmlted Charterad Certlfled Accourtsnts Ash House CookW8y Blndon Road Taunton Somerset TA2 6BJ Dthd... 10-
PAROCHIAL CHURCH COUNCIL OFSTGEORGE'S CHURCH.WILTON STATEMENT OF FINANCIALACTIVITIES FOR THE YEAR ENDED31 DECEMBER2023 Curront Ilnanclaly?•r Total Total ful8 fundB 2023 2023 2022 Donatlons. wents and Legacia8 OthertrBdlng activfties Invostments oth8rinGome Tot•1 Incom• 148.613 15.454 2.020 5.576 171.663 198,297 15,454 2,020 7,247 223,018 168,056 17,111 753 1.671 51.355 192,271 Chgrltabl# 8CtlvltlÈ8 Oth6r expon8es T1 re•ourc08 pended 170.2TI 1.888 172.165 48,574 218,851 1,888 220,739 176,620 1.898 178,518 10 48,574 Net g81n&ll10888È1 on Invgstments 2,097 2,097 12.975) Not Incomlng rQUr0e$ beforo tran8tbrg 1S021 2.781 2.097 4,376 10.778 Gross tran3fors bBtween fund Nèt movomenl In fund¥ 18021 2.781 2.097 4,376 10.778 Fund balan¢e6 8t 1 January2023 50.582 6.128 22295 79,(K15 68.227 Fund b8lance8 at 31 Dvkrnber 2023 50.080 8,909 24.392 83.381 79,005 The 8tatement of flrb8nGlal 8Gtfvldgs Includes 81lgalns and to&e8 recognlsed In theyear. Ail Incom8 an(J expendttura der1(loM contlnulng o¢lvittes. 11
PAROCHIAL CHURCH COUNCIL OF STGEORGE'S CHURCH, WILTON STATEMENT OF FINANCIAL AcfiviTIES (coKfiNUED} FOR THE YEAR ENDED 31 DECEMBER 2023 Prlorlln•nGl¥ly•Ar Unvestrlcled Reotrfctod Endowm•nt lund8 fund• lund8 2022 Totsl 2022 2032 2022 Note Donotlon8. grants and149¢1¢$ 0th8ftrading actlvftl88 Investments 14B.936 17,111 7S3 19,120 168.056 17,111 753 Oth8r Incom9 Tot•1 InBDm 6.351 173,151 6,351 192.271 19.120 Charitabl8 aC¥ft1eÈ 152.171 176,820 1,898 178,519 Other expenses Total rnsourc68 •¥pandad 10 154,069 24,449 Net1108808ygain8on Invth8nts 11 Il9751 12,975) Net Incomlng ra80urco8 bgfoMtraMt•rs 19.082 15.3291 12.9751 10.778 Gross tr8fbslers between fund Net movomgnt In funds 19.082 15.3291 (2.9751 10,778 Fund baLanG88 at 1 January 2tr22 31,500 11.457 25.270 68,227 Jnd bal8nc98 At 31 December 2022 6,128 22.295 79.005 12-
PAROCHIAL CHURCH COUNCIL OFSTGEORGE'S CHURCH. WILTON BALANCE SHEET ASAT31 DECEMBER2023 2023 2022 Nole8 Flxed A¥801 Investments 12 24.892 22,295 Curroht A¢18 Dobtors Cash atbankand in hand 14 23,293 68,735 92,028 10.295 56.923 67.218 Cr•dltorn: Amounts faulng dua wlthln one y8Ar oth8r¢redltor8 15 33.039 10.508 Net curT8nt Bssets 5B,9B9 56.710 7ot41 assots leg¥ Ilobllltle¥ 83.381 79,005 CapltaLfund8 Endowmentfunds Incometund¥ Rastrlcted fund8 Unr88tFlcted fvnd8- goner81 24.382 22,295 17 8,909 50.080 8.128 50,582 83.381 79.005 Theflnanci818tstemgntSWBre apprOd bytheTTUSteeson ......... ............... 2024. Rov'd D Vlcar Grfffln Mi I Plnder TNstl 8nd TrSurer 13-
PAROCHIAL CHURCH COUNCIL OF STGEORGE'S CHURCH.WILTON STATEMENT OF CASH FLOWS FOR THE YEAR ENDED 31 DECEMBER 2023 2023 2022 No*0¥ C95hllow• from operrtln# octlvttl¢¥ C88h g8ner8ted from op8ratlon8 20 9.792 6.939 Immstlng aGtl¥lt89 Inv88tsnontln¢ome recelved 2.020 753 oash llanoratsdfrom Inv9811ng artl¥ltlg 2.020 753 Ntrt Gash usad Ihllnanclng Qotlvltlas Net Increase In cash and £h •qulvalonl8 11.812 7.682 Cash and ¢•$h 8quivalents At be8fjnnlng of year 56,923 49,231 Calh and cash •qufvai•nts at•nd oly 68,735 56.923 14-
PAROCHIAL CHURCH COUNCIL OFSTGEORGE'S CHURCH,WILTON NOTES TO THE FINANCIAL sfATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023 Account1 poUcl•8 Chathy Infofmotlon The P8rochialChurch C¢nCIl01 St George Chuich.Wiiton r8a Char[tyrl&t8radvnder number 1134647, liwas r8giAtsred Dn 4 March 201cI. The correspondence addre88 for the Par18h of St George 8 Wllton Is.. St GeDrg9'$ Church Office, Fons GeorKe, Taurrton TA1 3JT. The tei8phon& number Is: 01823 284253. Web8lta: 1.1 Accountlni tsonvgntlon The accounts have been prep8r8d In accord8nc6wfth the P8Tochl81 Church Councll's trust d&8d. th• ChgYrtI•s Act 2011 and 'Accountlng and Raportlng by Ch&rltlas: St8tsmènt of RaC0mm8nd PrActlc8 appC&bLe to Gh8Atle8 prap8rlngthelr8Ecountsln acGord8nGe vAth the nanThl Reportlng Stsndard appllBable In the UK and Repub15c of Iraland IFRS 1021-18s amended for accounting p8rlod8 commenclng from 1 January 20161. Th9 PBroGhig1 Church Council Is 8 Publlts Bengif( Entityas deffn¢d ty FRS 102. Thefln8nclal statwnents have dep8rt8d from the Ch8rlUes (Accounts 8nd R8POrt81 Regul8tlons 2008 only to the eKlent rgquired to Prowde 8 trug and falr vt6w. Thls doparture has Involvod followlng tho Statr4ment of Rgcommended Pracllcefor charfUo8 8ppiytngFRS 102 r8therthonthever$lon ofthBStatemènt ul Recommpnded Pr8ctlce 18 referred to In the Regulations but %thlch h88 slnce been wlthdrawn. Thg flnanclal 3t8fgmgnts prepored In sterUnL thl¢h is the fijncttonal GurronGy of the ParoLthlal ChurGh Coundl. Monet8ryamounts kn the30 fin•n¢l8lststomffits ore rounded io the negre8t È, The 8ccounts havp been pr8p¥Trd under the hlstorf¢81 cvgt conv8ntlon, modlfied to Include the rev8luatlon of Inveslment 8SS8tswhlch are 3hown felrv8lue.The prlnclp81•c¢ountlng puUGle8 adopted oro 8&t out b¥low. 1.2 Golng GonGOrn At the tlme of appronI the accounts. the Trustees hav8 a r8080n8bLe 8xp8ctstlon that tha PAro¢hial Ghur¢h Coun1 has sdoquate resources to continue In 010n81 exlstence for the foreseeable future. Thus the Tru8tQO8 Gontlnue to edopt the golng concem basis of accounllng in prep8rfnEthe 8ccounts. 1.3 Charltobl•lund8 Unr8Stricted funds are avaliabie for use 8t the discreyon of the Trustees In furtherBnce of their chartiable objectlve3. Restrlctedfunds are sublactto speclflc CDndtllonsbydonors8Sto howtheym8yba usad. Thè purp058s and u ofthe restrlcted lund3 sel aut in the notlceto thefln8nclalstatements. Endowment funds are sublect to specific ¢ondlllons lry dontsr8 that thé c8pltal must b8 malntalned the Paroehl8L Chutch Council. Only income ari8ingfrom investment of th8 endowment m8y b8 used. 1A Incom• Income 18 re¢oKnl8edwhBn the rOChI81 Church Councll 581egaUyentiiledto itafteTanyperformanc8 condltion8 have been met. the amounts Gan bfy m&88urod rgii8bty. 8nd Ét probablethat incomewllbe recèivod. C88h donations r8cognised on recelpt. Other donation6 ara rogni88d once the Parochial Church Council ha8 been notlfled of the don81ion. unless perfi)m8nce conditions require deferral of th8 amount Income tax r8cov8rabLe in relation to donations receNed underGift Aid or deeds of covgnant is Tecognlsed *the tirlle of thg donation. 15-
PAROCHIALCHURCH COUNCIL OF ST GEORGE'S CHURCH, WILTON NOTESTOTHE FINANCIAL STATEMEI4TS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER2023 AGcountlng poll¢l¥g Icontlnued) IA Income loontlnued) Lgggcle$ er¢ recognlse(l on recdpt or othervAse Itth¢ Parochlalchurch Councll h88 bgon notitled ot an Irnpendlng dl8trlbutlon, the amount18 1(nown. •nd rocolpt 18 8XP8Ct8d. If the 8mount18 nol known, the ieg8Gy Is treatsd as s contlngent 8880t. Dividends ar8 accounted for when re¢eiv&bLe. Intsr08t 18 accru8d. All othor income 18 recognlsad when it 18 TOCOiWdbl& 1.5 Expenditur Expendlture18 recognlsed once there 18 8 legal or constructfve obllgatlon to lrnnsfer economlc ban?flt to a thlrd party, It Is probable ihÈt the twansfEr of econom5c beneffts VAII be rBqulred In settl?rnent, And the amount of the obllg8tlon bo measurttd reU8bly. Expendftur• Is cAassl8d by activrty. Th8 costs of each 8CtMty are made-up of the totsl of dlrect C08ts and Bhared costs, Infjludlng support Costs Itwolved In undertaklngeach activtty. Direct costs attrftrtrtabl8to a singl8 actlvity are aLloc*od dirertiyto th8t 8Gtfvlty. Shared costswhlch contrlbuteto more than one octNIty and support Gosts whlo are not attFIttable to a 8ln8te activityare apporlioned botwoen those actMtie8 on a b8$1$ Gonslstent whh the use of resources. Centsl staff costs ere auouted on the b8818 of rlmB $pon4 •nd d¢pr¢¢58tlon ch8rg89 are allocttsd on the portlon ofthe a888t's u Expenthur¥ reco8nltlon Grorts and don8tlons Bf8 8ccounte(I for vth8n peld or awarded. rf the award crgate8 o bindlng obllg8tion. Parish Shar8 is accounted for %then du8. AU other axpendÉbJre on charitable activities is generally recognised vthen It is incurrod. As tha charfty ig not VAT reO8iered ail expendituie IB statod inclu¥ive of IrrecLver8ble VAT whor9 ppllcabie. 1.6 Tangibl8 fixod assets Tanglble fixed a&8Ots are Inltlally measured at cost and subsequendy mea8Uf8d at Cost or valuaiion. n8t ol d8pr8clatlon and any imp8irnient losses. DeprBcl8tlon IB recogmlggd su astowrfte off the costorv8lvaUon 0188setsLesÈthelrr8Èldualv8lutt3 DrthIrUeIul ilves on the foll¢nI b8$e$: xiures and fftllnK8 CompLrter9 Fultyvthtten off in 2006 Fultyvthn8n off In 2011 The gAln or loss arlslng on the dlsposal of an asset 58 detemiined asthe dSfferenc8 betsveBn the sBle pioceeds and the carlnEVla af the 8sset. 8nd18 roco¢nlsed In the 8tot8ment offinanclal actNrtie8. 1.7 Flxed asset in¥eBtmoirts Flxe(1 8S$8t Investments are InRi8lly me8surl 8t tr8n88Ctlon prlce exoLudlng trans8ctlon costs, 8nd are subsequently measured at tslr value at eath roporung date. Changes In tslr v8Lu8 are recognleed In net Incomellexpenditurel for the year. Tran38ctlon co8ts 8reexpenseil as InGurrBd. 1A Cash and Cash aqufvalent8 Cash and cash equivalènts include ca8h in hand, deposit8 held at cali wth b8nk$, tsth¢r short tsrm Ilquld inv88tmentswth Orin81 maturitfjes ofthyee months orless, and bankoVerdfts. Bankcwerdrafts ar8 8hown within borrowlng8 in current118bllltle8. -16-
PAROCHIAL CHURCH COUNCILOF STGEORGE'S CHURCH, WILTON NOTES TO THE FINANCIAL STATEMEKfs (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2023 Accourtlng poUcl•s (conllnuod) 1.9 Flnanclal In8lruments The Paroohigl ¢hurGh Gouncll has elected to apply th8 provlslons of secon 11 'Ba8lc FSngncl81 Instrum8nts' and Sectlon 12'0ther An8nclal knstruments Issues'of FRS 102 to Bllof ltsfinAncl81 Instrumerrts. RnonG181 Instruments are rvcognl$Bd In the Parochl81 Ghurtth Cwndl's baianco shegtlthen the ParochlolGhur Gouncll become8 partyto the contrJctuelwovlslon8 of tho in3trument. nanclol assets and U8bllltles are offset. tho nat amounts presented In the Inanclal statements, wh9n thBr 15 a legally enforceable rightto set off th8 recOlsed amounts and there an intendon to settle on o net bo$1$ or to re8il$etho 838et and settle the lipbiUtyslmult8n&ou$iy. B•sle Ilnancl&l •ssats Baslo finAnGlal 8&88t8. 10h includo debtors and and bank b818nc88. are iniliaiLy m8a8ured at tranB8cUon price Includlng tr&n8actlon co8ts and #re subwugrrtty Gar811 at amrSed cost uslng the 8ffactlva Inter8St method unless the aN8nllement constltutes 8 fin#ncln# trantiOn. where thB trnns8Ctlon Is measured st tho pre$8ntvalue ofthefuture recelptsdiscounted at a marketrnteof intorest. Financial 8868ts GI8BsSfied as r8colvablo wlthln one ygar ore nirt amortlsed. Ba81c I1anal h111th Basic flnanclal UabiUtl88, Inciudlngcredttor8 and bankloan8 arg In6V8llyreco8nlsed at tran88Ctlon price unlessthe orranggmeMtctsn6tt9s afinanc1ngtr8n88c0n.Vknor8th8 d8btlnstrumant is mtsBsur6d atth& pr&s8ntwalu6 ofthe ftrture p8ymont$ discounted Bt 8 m8rket ratg ol Intemst Flnand8l lJ8blLltJes tsia&8tnBd As pAy8bLB wlthln onè yèar •ie not 8mortl80d. DBbtlnBtruments 8re &ub8equently carried at amortlsed COK U8lngthe effeolfve Interestrate method. Trade credltors are obUgationB to pay for good8 or services that have bggn a¥quired In the ordinary course of operation8 from 8uppUer6. Amounts pay4bl8 are classified ascurrent liabillti&8 rf paymènt18 du8 wlthln on8 yO8r or 1955. If not, they are pr888nt8d as nonrycurr8nttiabiliti85. Tr8d&credtLors are recognlsed inittallyat transactlon price and 8ub8equentty m¢o8ured otamortised C< ueingthe effec1j irt8rest method. D8mwlllon of fin¢la111#ts1IjIl0S r4nana1 liabilitles arfj d8rgcogni86d when the P8rochi81 Church council Contractual obilgation8 expir8 or are dischBrg6d or c8ncailed. 1.10 Employee benellt8 The cost of Any unused houday enttllernent 1$ recognlsod In the perlod In whlch the employee's seTvlces are recowgd. Temilnatlon benoflts are recognlsed Immedlatety as Bn exp8ns8 Nthen the Parochlsl Church cne1[ Is demonstrably commltted tot8rmin#tethB employment of an employee orto providetsrmlnatlon benoflt3. fftkal accounikngestlmats8 andludiampnts In the 8ppUcatlon of th¢ P8rochl81 Church CounrAI's aCCnnE pollcles, the Trnstses ar¥ requlred to mgk judgements, estlmates and assumptlons ablxrt the cBrrylng amount ol assets and Ilabilftles th* 8r8 not Teadlly apparent from other sources. The esumates and gssocI8t ossumptlons 8re based on hlstorlcal experlance an othorf8Ctorgthat are conBldered to be 1818vant. Actual results may dlffer from those e$tlmates. 17-
PAROCHIAL CHURCH COUNCIL OF STGEORGE'S CHURCH, WILTON NOTES TO THE FINANCIAL STATEMEKfs (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2023 2 CrlUG•I ¥ocountln¥ •stlm•tgs •ttdfvd¥amohtJ {Gontlnuodl The estlm8tes Bnd underiylng Bssumptlons Bre reviewed on an ongolng ba818. Revlslon& to 8ccountlng e8tlm8tes arg rttGognlsed In thB perlDd In whl¢h the estlm8to Is rbvlsed %there the re&[on affttct9 only th8t period. or In the pertod of the revlsion and future perfods wh8fB the revlslon 8ffects both Gurrent and luture perlods. 3 Donallons, grants and logacl iknr88trlCt RestrlGt•d Total UnrB1trfct ReBtiiGtetl nds funds general 2022 Total fundg qeneral 2023 lundg 2023 2023 2022 2022 DgnAtlons and glfts LegaGles rec&vabie Grants recaivable 141.613 39.953 181,566 114,022 30,000 4,974 14B,936 15,120 129,142 30,000 4,000 8.914 19,120 168,056 9.731 9.731 49.684 198.297 148.613 Dt)notlonfy gnd ÉlftB Chrfstl8n GMng- GA ChrlstBn Gmng. non GA Co118CtIDn8 Charity Donation8- Coffe8 InatIOnS Hall & Church Offlce BuildlngAppeal Donatlons- her8 96.636 17.595 56,636 17,59S 11,823 298 82,770 7.923 82.770 7.923 11.512 794 1.927 11.823 11.512 298 794 664 287 24.588 3.542 24,58B S.786 24,178 39.953 181,566 2.244 24.176 141.613 2[13 3.321 3.524 20,692 15,120 129,142 Tax recoverable CG 20.692 114.022 Lègacle• recolv8blo Legacles 7.000 7.1)00 30.000 30.000 -18-
PAROCHIAL CHURCH COUNCIL OF STGEORGE'S CHURCH, WILTON NOTESTO THE FINANCIAL STATEMEpifs (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2023 Othortradlng actl¥ld88 Unrestrlcted fund ggnorol 2023 Unrastrlcted funds general 2022 Holt hlre and allotmgnt rent Fundr81sing find church events 13,484 1,970 15,454 15.025 2,086 17,111 Investm•ntg Unrestrlctod funds Unr98trl¢t8d fund8 genÈr81 2022 gw•ral 2023 Incom8lrom Ilsted invastrnents Interost recefvabl 667 663 1.853 2020 753 Olher Incofflg UnM8trtcted Reslrfctod lund$ fvnds 2023 2023 Total Unrnstrlctsd funds 2022 fund¥ 2023 Foe8- weddings and fvnerals ChuTchy8rd Inttom& BHS Ch8pialn- Incom8 Church bell8lunds introdu¢ed 4.163 1.413 4.193 1.413 2.354 1.081 2.916 1.641 5.576 1.671 7247 6,351 19-
PAROCHIAL CHURCH COUNCIL OFSTGEORGE'S CHURCH.WILTON NOTES TO THE FINANCIAL sfATEMENTS (CONTINUED) FOR THE YEAR ENDED31 DECEMBER2023 Charftatsle actlvltle& 2028 2022 Staff c0818 Gn8 Parish share StBff and SPBoker expenses Ait8r WApBnsos 8nd flow8 Mu8lc and organist CO8ts Education and Outrgach 28.498 12.025 85.442 661 790 30.161 11,512 83.767 S66 608 12.873 11.537 621 4.861 7.47S 297 Youth aGUvities Bnd educatlc OfflGtr ¢osts ChuT¢h and hgLI 8StabUshmpnt cosfs Church and hall r8pair8 and mainten8nce i i 6.312 15.548 4d.549 6.077 1220 18.376 218.851 176.620 AnAlysls byftmd Unre8trictgd fvnds- genBr81 Rostrict8d funds 170,277 48.574 152.171 24.449 218.851 178.620 Trust•e• Th8 Charfty consldar81ts key rnan&gement personnel to bg It6 Trustees. No remunefatlon or expenses Ware paid to th8 Trustees forthrWOrk¥#ithln the PCC in thi8 orthe preMou8ye8r. EmploypBg The 8r8E& mDrthly nUrnr of omploy006 durfngthearWofy: 2023 Mumber 2022 NumbBr -20-
PAROCHIAL CHURCH COUNCIL OFSTGEORGE'S CHURCH, WILTON NOTES TO THE FINANCIALSTATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER2023 Employees {Contlnu•d) Empioymeirt costs 2023 2022 Wages and $818rleA 28.493 30.161 In 2023 the Parl8h Admlnlstratorwas the 8010 employee. In 2022th9 9418ry costs Included the P8Fl$h Admlnistr8tor and a ¢ontrlbutlon to the $318ry otthe Blshop Hondgr8on School ChapiBIn. Therawereno empLoy988 who88 annual r8munw8tion wa8 MOr8th £60.000. 10 oih¢roxptrnÈps Unr•BITIGtgd funds Unr¢strl¢ted funds oneral ¥en?rel 2023 2022 Prote$8lonBlfee8 IndBpendent ExamlnallDn B8nkch8rge8 575 1,020 293 1.020 246 1.888 1.B98 11 N•t galn81(108&081 on fnve•lm8rt¥ End(A¥m•nt funds Endowmgnt lund8 2023 2022 Revaiuatlon oflnvestments 2.097 12.975} 21
PAROCHIAL CHURCH COUNCILOFSTGEORGE'SCHURCH.WILTON NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2023 12 Flxod a980t InvoBtments knvè#tments Costorvaiuthtlon At l January 2023 Valuailon chang88 22,296 2,096 At 310ecember2023 24.392 Carrylng amourrt At 310eGemb8r 2023 24,392 At 31 Dettembor 2022 22,296 Flxod os8at Invttglmonts rewlued In 1971 thetwstees ofthe 8liofm8ntfvnd. stthe reque ofthe P8rochlal chUh CounclL 8nd wth tha Gon8ent ofthe Charfty Commissioners, sold 8 plot of L8nd as a slte for htyJ8es. The PCC18 8ntrtled to the Income arfslng on the accumutated fund and to the rents from the oliotmenK l)ul notto the capitsL All Irwastments 8re carried attheirfalrvaLue. HoLdlnKS In common Investmentfvnds areat thelr market V8lue. 13 Flnanclal InBtrum•nt¥ 2023 2022 Carrylng Bmount ol IlnanGl8l¥Mets InBtrLtrm8nts mo8sured at fairvaLue through profft or1088 24,392 22.295 14 Dobtof8 2023 2022 Otherdebtor8 Prepayments and accru8d Incom 13,587 9,706 3,965 23.293 10,295 15 Other cr•dftoTS folung duewllhln One&r 2023 2022 Other credltor8 Accru418 and deferTed incDma 28,056 4.gB3 33.039 6,667 3,841 10,508
PAROCHIAL CHURCH COUNCIL OFSTGEORGE'S CHURCH.WILTON NOTES TO THE FINANCIAL STATEMEHfs (CONTINUED) FOR THE YEAR ENDED31 DECEM8ER2023 16 Endowmentfund¥ Endowment lund8 represent 8ssots 1¢h must be hB(d pem)8nentty by the P8ro¢hl81 Church Counoll. Income arlslng on the endowmontknds can be used In Jccordance with the objects of th8 Paroch18l Church Councll 4nd Is Included as unrestrfcted Income.Any capitslgalns or lossesdrlslngon the assets fomi partof thefund. P¢mianent endowTneThts Wllton Church AUDtments-CBF chUtt of Engi8nd Imffjstment Fund~Incom8 shares: BglBncE at 1 J?nu8ry2022 2S.270 Revaluatlon Ilossl 12.975) Bal&ncts at 1 January2023 22295 Revalu8fjon gain 2.096 Balanca At 31 Docember 2023 24.391 Thls comprls8s 1079.06 units et market value of 2260.53 p6n¢ -23-
PAROCHIAL CHURCH COUNCILOFSTGEORGE'SCHURCH,WILTON NOTES TO THE FINANCIAL STATEMEKfs (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER2023 17 Ra8trfctod lunda Tha Income fun(5s ofthe charity inctude festricted funds comprisingthe foUovAng unexp8nd8d bUgn¢e8Otdon8tlon8 and grants held ontrustforspeGillcputFKJses: Balance at Incomlng R¢wurc05 1 Janu8ry Resources expended 2022 Balance at 31 December 2022 Pewg Ho11 relurbi8hment ChurchWIFI ond Sound System Gn Mossy Church TukTuk Warm SpaGe Icosycafél H88Ang Loop Prayer Room 3,750 1,021 6.686 3.750 1.308 287 51)0 11.512 17.1861 111.5121 {179 14.6681 (6541 {250} 4.868 1.815 250 961 100 100 11.457 19.120 124.4491 6.128 Balance 81 Ineomlng R&sources 1 January R880urces expended 2023 B8lance 8t 31 Dacember 2023 PBw8 H8ll refurblshrnont Givlng Mossy Church TukTuk Warm Spac8 (Cosy Cafélsoupl Ministry Experlence Scheme Prayer Rotsm Church B8118 Fund CommunltyFrldge Church Offl¢e BulldlngAppeBI 8.750 1.308 3.750 B43 {46S) 111.8231 1911 11,9901 12,3221 19811 (2401 11.823 178 2,500 3.250 981 510 1.889 100 1.821 6,074 1.821 16,0741 124,S881 6,128 51.355 148.574 8,909 Glvlng repre8ènts cash ciLiectton8 for spifiC chaiiti&8 whS¢h ai& dlstributsd to thos8 charities a8 they aro r8celved. All 0th8r réstrfet8d fiJnd8 rnpresent donatlong and yantstor 8p1C church purposes whlch Br8 treated as restrict8d Income and as the projects Am undartaken.
PAROCHIAL CHURCH COUNCIL OFSTGEORGE'S CHURCH. WILTON NOTES TO THE FINANCIAL STATEMEr5 (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER2023 Analy618 of net a8Bets bOtwofUnd Unre8trlct8d R•strlotÉd Endowmob)t fund8 lund¥ fund$ 2023 2023 2023 Totsl 2023 Fund balanc88 at 31 D8c8mb8r 2023 re T6pre8entsd by. InvmentS Current ÈssetslUÈblUtle8 24392 24.392 58,989 50,080 8.909 50.080 8.909 24,392 83.381 unr•8Cd R•Str1¢t Endowm•nt fund8 fund¥ 2022 T11 2022 2022 Fund bolance8 at 31 D8C8mber 2022 re re668ntod by: Inveslmen18 Current assetsnlab1l1e8 22.295 22.295 56.710 50,582 6.128 50,582 6.128 22.295 79.005 -25-
PAROCHIAL CHURCH COUNCIL OFSTGEORGE'S CHURCH, WILTON NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEARENDED31 DECEMBER2023 19 Rglated portytrnn¥aotlon$ rlngtheyeorthttrewere no lated p8rty transBcllons12022: None}. 20 C##h gènarnt•dfrom 0ratIOn4 2023 2022 Surplu8 forih8 y88r 4.376 10,77B Adjustments for: Investment Income iecognl8ed in ststement of flnanclal aGtfvltle8 Fairvatue gain8 and10$$8s on Investments 12,0201 12.0971 7531 2.975 Movamonts In s)rkIng capital: Ilncreasol In debtors Incre8selldecreasg1 In ¢rodltors 112.996) 22.531 13.2221 12,8391 CaBh generated from oper8tion8 9,792 6.939 21 Analy818 of ch8ng88 In ngtiufid$ The PArochl81 Church Councll had no debt durlTrgtheye8r -26-