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2023-12-31-accounts

ST BOTOLPH'S CHURCH THE PARISH OF CHEVENING

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ANNUAL REPORT AND FINANCIAL STATEMENTS

THE PAROCHIAL CHURCH COUNCIL OF ST BOTOLPH'S IN THE PARISH OF CHEVENING, KENT

FOR THE YEAR ENDED 31ST DECEMBER 2023

Incumbent: The Reverend Hannah Adams Address: The Church Office Chevening Parish Hall Homedean Road Chipstead, Sevenoaks Kent, TN13 2RU

RLH

THE PAROCHIAL CHURCH COUNCIL OF ST BOTOLPH'S THE ECCLESIASTICAL PARISH OF CHEVENING SEVENOAKS DEANERY - DIOCESE OF ROCHESTER

ANNUAL REPORT FOR 2023

Administrative information

St Botolph's Church is situated on Chevening Road in the parish of Chevening, Kent. I of the Diocese of Rochester within the Church of England. The address for correspond is Chevening Church Office, Homedean Road, Chipstead, TN13 2RU.

The Parochial Church Council of St Botolph's (the PCC) is a corporate body establishe Church of England and it operates under the PCC Powers Measure 1956 as amended Church Representation Rules. The PCC was formerly an excepted charity and its regi with the Charity Commission was approved on 10th March 2010.

Information about the PCC and its activities can be found on the Charity Commission w under registration number 1134784. The PCC is subject to the Charities Act 2011 as a

The PCC officers and members who served during 2023 were:

Incumbent The Reverend Hannah Adams
Churchwarden Mr Joseph Devine
Treasurer Mr Graham Higgs
Secretary Mr Peter Wilson
Members Mrs Lela Weavers
Mrs Fiona Jordan
Mrs Donna Hill
Mr James Gale
Mrs Sally Munro
Mr Thomas Geldard
Mr Andrew Taylor
Mrs Rebecca Pilcher
Mrs Hannah Williams
Mr Christopher Austen
Mrs Susan Wandless
Mrs Sophie Osborne
Mrs Jessica Lewis

St Botolph's is a member of 'Churches Together' in Sevenoaks and District.

THE CHIPSTEAD CHAPEL CHARITY (Charity Number 1147141)

The PCC is the managing trustee of this charity and it can therefore be considered as connected but, as the nature and purpose of the two entities are not the same, consolidation of the accounts is not considered as appropriate.

WYNDHAM STRODE & ANOTHER (Charity Number 307745)

This charity, founded in the early part of the 18th Century, is administered by Trustees the Rector and Churchwardens of St Botolph's. The objects are to assist poor persons are resident in the Parish of Chevening, who are under 21 years of age and who are preparing for, entering upon or engaged in any trade, occupation or service, to buy ou pay fees of instruction, travelling expenses or such means for their advancement in life to enable them to earn their living, as the Trustees think fit. The entities are not connec

STRUCTURE AND GOVERNANCE

The method of appointment of PCC members is set out in the Church Representation All church attendees are encouraged to register on the Electoral Roll and stand for ele to the PCC.

OBJECTIVES AND ACTIVITIES

The primary duty of the PCC is to support the incumbent of the parish, the Reverend Hannah Adams, in promoting the whole mission of the church in the parish. It is also th function of the PCC to be responsible for the financial affairs of the church and the car maintenance of the church fabric and its contents.

ACHIEVEMENTS AND PERFORMANCE

2023 was the first year with no restrictions in relation to the Covid-19 Pandemic freeing the church to run 'as normal'. Our statistics show that our worshipping community is bu up from the following numbers:

wing numbers:
Total 113
Children aged 0-17 33
Adults aged 18-69 55
Adults aged 70+ 25

Across 2023 the PCC met 10 times (excluding August and December). The Standing Committee met in between the PCC meetings, minutes of which were presented and approved by the PCC. The PCC also met for a team building and strategy day in September 2023 which has solidified and strengthened the team enabling us to decide common vision and action plan with set priorities for our church.

Our average Sunday attendance was 61. We also held various events and occasions as our Annual Community Barbecue where we welcomed approximately 100 to 150 pe and we had fellowship meals such as a Maundy Thursday Meal, our Harvest Supper a a Pancake Partry with 40 children from our local primary school attending.

In terms of special services our Easter service welcomed 162 and across all our Chris services (Carol services, Christmas Eve and Christmas Day) we had 790 attending and hearing the Good News of Jesus.

The Reverend Hannah Adams

ELECTORAL ROLL AND PCC MEETINGS

At the time of the Annual Parish Meeting in 2024 there were 257 on the electoral roll c with 267 for 2023 including 128 who were not resident in the parish. The average num adults attending morning services on sundays was 61 compared with 81 for 2022.

The full Parochial Church Council met on 10 occasions (2022 - 9) with an average atte of 73.6% compared with 81.6% in 2022. The Standing Committee met regularly throug year and the minutes of these meetings were received by the PCC and discussed and as appropriate.

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THE PAROCHIAL CHURCH COUNCIL OF ST BOTOLPH'S

FINANCIAL REVIEW 2023

Income

Total incoming resources were £114,435 (£228,174 in 2022) and these are detailed i financial statements. Voluntary unrestricted income has decreased to £106,511 from in 2022. Our church activities, in recent years, have been severely restricted by the Covid-19 pandemic and collections in church have been limited. Many parishioners h one off donations to compensate and their generosity is very much appreciated.

Fees for weddings and funerals were also limited by the pandemic but now amount to compared with £7,447 in 2022. This is not a direct comparison as the amount for 202 items charged by independent providers which are not now included but paid direct.

Expenditure

Our expenditure on church activities was £131,357 (£129,464 - 2022) this includes ou parish contribution of £60,000 (2022 - £60,000) to the costs of administering the Dioc and the cost of the Rector's stipend and associated costs.

Generally our expenditure has been strictly controlled this year but there continue to a number of repair and maintenance issues which will need to be resolved in the com

Reserves

As a result of our activities in 2023, our unrestricted funds reduced to £39,709 from £64,973 in 2022. Restricted reserves, including the endowment, reduced from £90,554 to £79,672 due to the release of £10,882 for qualifying building works.

It is PCC policy to maintain a balance of unrestricted funds of at least £25,000 to cove emergency situations that may arise from time to time. Unrestricted reserves, at the y end, amounted to £39,710 which, after setting aside the minimum referred to above, is equivalent to approximately 6 weeks compared to 16 in 2022.

Our restricted funds include the Building Fund which consists of monies given and re towards meeting the costs of major repairs to the fabric of the church itself including s costs as may arise from our Quinquennial Inspections. We also have funds remaining the completion of the work on the nave roof which, in the opinion of the PCC, may be for further essential roof repairs and maintenance. These funds total £55,236.

It is the policy of the PCC that funds held, in excess of foreseeable needs, shall be invested with the CBF Church of England Deposit Fund with the CCLA.

Approved by the Parochial Church Council and signed on its behalf by:

Reverend Hannah Adams Rector and PCC Chair Date

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29th

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Page 4

THE PAROCHIAL CHURCH COUNCIL OF ST BOTOLPH'S

Statement of Financial Activities for the year ended 31st December 2023

Income and endowments
Voluntary income
Investment income
Fees
Other income
Total income
Expenditure
Church activities
Costs of generating funds
Major church repairs
Total expenditure
Net income (-expenditure)
Unrealised gains or losses
Net movement in funds
Funds brought forward
Funds carried forward
Notes Unrestricted
Restricted
Endowment
funds
funds
funds
2a
2b
2c
2d
3a
3b
3c
3d
97,230
7,219
1,825
705
2,855
4,599
106,509
7,924
0
127,493
20,908
3,864
131,357
20,908
0
-24,848
-12,984
-417
2,101
-25,265
-12,984
2,101
64,973
68,220
22,334
£39,708
£55,236
£24,435
Total Total
31.12.23 31.12.22
104,450 217,548
2,530 1,601
2,855 7,447
4,599 1,579
114,434 228,175
148,401 127,643
3,864 1,821
88,194
152,265 217,658
-37,831 10,517
1,684 -2,978
-36,147 7,539
155,528 147,988
£119,381 £155,527

Page 5

THE PAROCHIAL CHURCH COUNCIL OF ST BOTOLPH'S

Balance Sheet as at 31st December 2023

Notes
31.12.23
Accumulated funds
6
Unrestricted funds
39,710
Restricted funds
55,236
Endowment funds
24,436
Total Church Funds
£119,382
Represented by
Fixed assets
7
Investments
33,490
33,490
Current assets
8
Accounts receivable-payable
4,994
Balances at bank
80,898
85,892
Total Church Assets
£119,382
Approved by the Parochial Church Council and signed on its behalf by:
Reverend Hannah Adams
Hannah Adams
Rector and PCC Chair
Date
29th April 2024
The notes attached form part of these accounts
Notes 31.12.23
39,710
55,236
24,436
£119,382
33,490
33,490
4,994
80,898
85,892
£119,382
and signed on its behalf by:
Hannah Adams
29th April 2024

31.12.22

64,971 68,219 22,334 £155,524

31,806 31,806

5,220 118,498 123,718 £155,524

Page 6

THE PAROCHIAL CHURCH COUNCIL OF ST BOTOLPH'S

Notes to the Financial Statements for the year ended 31st December 2023

1 ACCOUNTING POLICIES

The Financial Statements have been prepared in accordance with the Charities Act 2011 and in accordance with the Church Accounting Regulations 2006 governing the individual accounts of PCCs and with the Regulations regarding 'true and fair view'. They have been prepared under FRS102 (2016) as the applicable accounting standard and the 2016 version of Recommended Practice, Accounting and reporting by Charities (SORP9 FRS102).

The Financial Statements have been prepared under the historical cost convention except for investment assets which are shown at market value. 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 nor those that are informal gatherings of church members.

FUNDS

Unrestricted funds are those that can be used by the PCC for any qualifying general purpose.

Restricted funds are those that can only be used for the specific purpose for which they have been given. Details of the restrictions currently in place are given in the notes to the accounts.

Endowment funds are those where the capital amount must be maintained and only the income arising therefrom can be used for the specified purpose. The PCC have taken note of the provisions of the Trusts (Capital and Income) Act 2013 whereby they may opt for a division of total income and capital that balances the need to achieve the objectives of the endowment with the need to maintain the long term capital value of the fund.

INCOMING RESOURCES

Planned giving, collections and donations generally are recognised when received. Tax recoverable is recognised when the income to which it relates is received. Grants and legacies are accounted for when the PCC becomes legally entitled to the amounts concerned. Dividends and interest are accounted for when they become due.

RESOURCES EXPENDED

Grants and donations are accounted for when paid over or when awarded, if that award creates a binding or constructive obligation on the PCC.

The annual parish contribution to the diocese is paid by equal monthly instalements.

FIXED ASSETS

Consecrated and beneficed property is not included in these accounts in accordance with S.10(2) 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 inalienable property and listed in the church's inventory which can be inspected at any reasonable time by arrangement with the church office.

Tangible fixed assets are capitalised on acquisition, included in the balance sheet and subsequently revalued at each year end. Depreciation on tangible fixed assets is not provided in these accounts unless considered appropriate.

Investments are valued at market value on the balance sheet date where available.

Short term deposits are cash held on deposit either with the CCLA or at Barclays Bank plc, Sevenoaks.

2 INCOME AND ENDOWMENTS

a
Voluntary income
planned giving
one off donations, collections
other donations, appeals
Gift Aid recoverable
Grants*
Legacies
Unrestricted
Restricted
Endowment
funds
funds
funds
63,522
10,199
50
560
17,389
5,560
3,137
4,032
97,230
7,219
0

*Grants in 2022 included those received for the re roofing of the Nave and totalling £62,000 Of this amount, £46,000 was most generously provided by the National Churches Trust Heritage Fund.

b
Investment income
dividends
interest
c
fees for funerals and weddings
d
other income
TOTAL INCOME
643
1,182
704
1,825
704
0
2,855
2,855
0
0
4,649
4,649
0
0
£106,559
£7,923
£0

Page 7

Total Total
31.12.23 31.12.22
63,522 72,846
10,249 25,664
560 2,166
17,389 16,232
8,697 65,639
4,032 35,000
104,449 217,547
643 972
1,886 629
2,529 1,601
2,855 7,447
2,855 7,447
4,649 1,579
4,649 1,579
£114,482 £228,174

Page 8

THE PAROCHIAL CHURCH COUNCIL OF ST BOTOLPH'S

Notes to the Financial Statements for the year ended 31st December 2023

3 EXPENDITURE

a
Mission & charitable giving
Parish contribution to Diocese
Salaries support staff
Communications fees
Visiting clergy
Honoraria, organists, vergers
Ministry support
Rectory costs
Church running costs
Church repairs & maintenance
Church equipment
Parish office costs
Governance & audit
b
Fundraising costs
TOTAL EXPENDITURE
Unrestricted
Restricted
Endowment
funds
funds
funds
2,818
60,000
19,878
10,521
1,072
1,935
4,541
5,047
13,114
5,435
20,908
0
3,132
0
127,493
20,908
0
3,864
£131,357
£20,908
0

4 STAFF COSTS

Average number of employees

Wages costs

5 RELATED PARTIES

PCC members and officers are reimbursed for making approved purchases as agents of the PCC. These transactions are not regarded as personal and no disclosure of them is required.

Although an ex officio member of the PCC, the Rector is employed by the Church of England and her stipend and associated costs are included within note 3(a).

Total Total
31.12.23 31.12.22
2,818 4,888
60,000 60,000
19,878 22,805
10,521 0
1,072 1,136
1,935 3,287
4,541 14,443
5,047 3,844
13,114 11,689
26,343 89,036
0 950
3,132 3,758
0 0
148,401 215,836
3,864 1,822
£152,265 £217,658

022

2 2
£19,878 £22,805

Page 9

THE PAROCHIAL CHURCH COUNCIL OF ST BOTOLPH'S

Notes to the Financial Statements for the year ended 31st December 2023

6 FIXED ASSETS

INVESTMENTS

INVESTMENTS
DBF CBF Investment Fund
BP Amoco 8% Cum 1st pref
City of London Trust 4.2% pref
COIF Investment Fund
Holding
Purchased
Cost
1,081
Nov 1967
500
April 1992
500
April 1992
£456
March 2001
£ 1,000
£ 360
£ 265
£ 4,610
£ 6,235

7 FUNDS

a
ANALYSIS OF NET ASSETS
Investments
Current assets
b
ANALYSIS OF FUNDS
General Fund
Restricted funds
Stanhope Fund
Unrestricted
Restricted
Endowment
9,054
24,436
39,710
46,182
£39,710
£55,236
£24,436
39,710
55,236
24,436
£39,710
£55,236
£24,436

8 CURRENT ASSETS

Gift Aid recoverable Receivables

less Payables (sundry creditors)

Barclays Bank plc CCLA general CCLA building CCLA other restricted

31.12.23 31.12.22
24,436 £ 22,335
830 £ 830
440 £ 440
8,201 £ 8,201
33,907 £ 31,806
31.12.23 31.12.22
33,490 31,806
85,892 123,721
£119,382 £155,527
39,710 64,973
55,236 68,219
24,436 22,335
£119,382 £155,527
3,693 3,576
3,610 4,919
7,303 8,495
4,994 3,271
£2,309 5,224
23,582 70,038
27,313 26,464
12,159 11,781
10,541 10,214
£73,595 118,497

Page 10

THE PAROCHIAL CHURCH COUNCIL OF ST BOTOLPH'S

Year ended 31st December 2023

Independent Examiner's Report to the Parochial Church Council of St Botolph's Church in the parish of Chevening, Kent

I report on the accounts for the year ended 31st December 2023 which are set out on pages 5 and 6.

Respective responsibilities of the Trustees and the Independent Examiner

The church trustees are responsible for the preparation of the accounts and they consider that an audit is not required for this year under Section 145 of the Charities Act 2011.

It is my responsibility, as Independent Examiner, to:

Basis of Independent Examiner's Statement

My examination was carried out in accordance with the General Directions given by the Charity Commission. Such examination includes a review of the accounting records kept by by the charity and a comparison of the accounts presented with those records. It also includes a consideration of any unusual items or disclosures in the accounts and seeking explanations from appropriate trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit and, consequently, no opijnion 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:-

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

have not been met or

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Signed
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Joshua Peake

Mr Joshua Peake, ACCA

2

Date

,6 April 2024 Page 11