## St. Mary’s, Marlborough
## ANNUAL REPORT
and
## FINANCIAL STATEMENTS
of the
THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF ST MARY THE VIRGIN WITH ST PETER & ST PAUL, MARLBOROUGH
for the year ended 31 December 2023
## **Marlborough**
**Anglican Team**
‘ _Making Jesus Known’_
THE PARISH OF MARLBOROUGH
Team Rector
The Reverend Christopher J Smith
Team Vicar
The Reverend Peter Sainsbury
1
The Parish of Marlborough St. Mary the Virgin with St Peter and St Paul **ANNUAL REPORT FOR 2023**
## **ADMINISTRATIVE INFORMATION**
St Mary’s Church is situated off Kingsbury Street in the parish of Marlborough, Wilts. It is a team benefice with the parishes of St George’s, Preshute and St John the Baptist, Mildenhall. It is part of the Diocese of Salisbury within the Church of England. The correspondence address is Marlborough Anglican Team Office, Church Cottage, Silverless Street, Marlborough, SN8 1JQ.
The Parochial Church Council (“PCC”) is a corporate body established by the Church of England. It operates under the PCC Powers Measure 1956 as amended and the Church Representation Rules. The PCC was formerly an excepted charity. Its registration with the Charity Commission was formally approved on 10 March 2010. The registration number is 1134792. Information about the PCC and its activities can be found on the Charity Commission website at www.charity-commission.gov.uk . The PCC is subject to the Charities Act 2011.
PCC members who have served from 1 January 2023 until the date this report was approved are:
_Incumbent_ The Rev’d Chris Smith 2019 Chairman Ex Officio
_Churchwardens_ None appointed
_Other Elected Members:_
Roger Wheeler (Elected Member until APCM 2024) Hugh de Saram (Elected Member until APCM 2024) Mike Maclachlan (Elected Member until APCM 2024) Martyn Johnson (Co-opted until APCM 2024) Peter Hoyland (Elected Member until APCM 2025) Debbie Ryman (Elected Member until APCM 2025) Shirley Tawney (Elected Member until APCM 2026) Jane Rose (Elected Member until APCM 2026) Kymee Cleasby (Elected Member until APCM 2025) Resigned November 2023
## _Co-opted Members:_
Mark Whitehead (Treasurer)
## _Representatives on the Deanery Synod:_
Louise Seddon (Elected Member until APCM 2024) Resigned July 2023 Rupert Travis (Co-opted until APCM 2024)
_Elected members from 1 January 2023 until APCM 2023_
Pam Tulloch (Elected Member until APCM 2023) Jill Moss (Elected Member until APCM 2023)
2
Other parishioners performing specific duties or having specific responsibilities are:
_Licensed Lay Minister_ Sarah Musgrave (St John the Baptist, Mildenhall; Member of Marlborough Anglican Team)
_LPAs_ Ann Yates Dorothy Maclachlan Rachel Maurice Anne Norman Sue Pearce Debbie Ryman
_Vergers_ Ian Perryman Stephen Robins _Representatives:_ Bell ringers, Tower Captain David Miles Church Hall, Bookings clerk Peter Hussey Safeguarding officer Karen Davis Choir Director Michael Reynolds Church Buildings Martin Selby Church Buildings Simon Mills Church Administrator Penny Reader Electoral Roll Secretary Hugh de Saram Mission Committee Chair Simon Mills Children’s Church Caroline Philps
St. Mary’s is a member of Churches Together in Marlborough
## **STRUCTURE AND GOVERNANCE**
The method of appointment of PCC members is set out in the Church Representation Rules. All Church attendees are encouraged to register on the Electoral Roll and stand for election to the PCC.
## **OBJECTIVES AND ACTIVITIES**
St Mary’s PCC has the responsibility of co-operating with the incumbent, the Reverend C J Smith, in promoting in the ecclesiastical parish the whole mission of the Church, pastoral, evangelistic, social and ecumenical. It also has maintenance responsibilities for the St Mary’s Parish Hall and Church Cottage and Cadley Churchyard.
## **ACHIEVEMENTS AND PERFORMANCE**
Chairman’s Statement
St Mary’s activities and tempo picked up in 2023. Christchurch Methodist Fellowship joined us in January leading to a mutually beneficial partnership. The choir, Sunday worship and midweek support have all benefited enormously from Methodist input.
3
The evening service continued to deepen and develop with Energize growing and the All-Age services being renewed in a positive way. Attendance numbers are back to pre-covid levels, which is a significant achievement and unusual in this diocese. The Easter procession was an evangelistic innovation, which took the church and the gospel outside in Holy Week.
The ecumenical prayer stations of Thy Kingdom Come were well received. Bishop Stephen Lake visited us for our Ascencion Day service. Discussions have been had about human sexuality. And the Stokes and their team pulled off another Christmas spectacular with The Gift. Our PCC meetings improved significantly through the year, although the absence of churchwardens and a secretary were keenly felt. We pray that God will look after us in 2024.
_Rev Chris Smith_
_Rector of Marlborough_
## _**Church Roll and PCC meetings**_
At the time of the 2023 Annual Meeting there were 191 ( _2022:_ 186) parishioners on the Church Electoral Roll.
The full PCC met 9 times in 2023 ( _2022:_ 8) with an average attendance of 82% ( _2022:_ 84%). The Standing Committee met between meetings and the minutes of their deliberations were received by the full PCC and discussed where necessary.
4
## **FINANCIAL REVIEW**
Total incoming resources were £211,266 ( _2022_ : £187,711) and are detailed in the financial statements on page 13.
Total expenditure was £202,801 ( _2022_ : £192,033) including church activities, and Parish Share of £80,337 (2022: £77,997) and are detailed in the financial statements on page 14.
There were unrealised gains on investments of £13,406 ( _2022_ : loss of £13,890).
Other donations includes £20,000 towards the cost of employing an administrative assistant for the Rector. An additional £5,000 in gift aid was reclaimed and added to the total available which is being held in a designated fund.
The operating deficit on the unrestricted funds (main fund), was £2,950. This is lower than the deficit in 2022 of £8,319. The budget predicted an operating surplus of £317.
There was a transfer of £500 from the Mission fund to Love Marlborough Kids Meals.(This is not included in the operating deficit
There was also a transfer of £5,948 from the Misc restricted receipts fund to the fabric fund. This amount was part of a donation made in 2023 to pay for the stained glass window repairs.
Total fund balances carried forward at 31 December increased to £246,853 ( _2022_ : £224,982). £71,221 are held in funds which are restricted and can only be used for the specified purpose. A further £30,585 (2022: £27,934) are funds held for the sole purpose of maintaining Cadley Churchyard. The PCC has discretion over £145,047.
## **Reserves Policy**
General Reserves: balance at year end to be at least 25% of annual normal expenditure (i.e. main fund expenditure)
Fabric Fund: balance at year end to be at £35,000.
The fabric fund is retained towards meeting the cost of repairs to the fabric of the church, including costs arising from Quinquennial inspections.
It is PCC policy to invest fund balances with CCLA investment and deposit accounts and other savings and investment vehicles as prescribed from time to time.
## **Approved by the PCC on 21 March 2024 and signed on its behalf by :**
## **Reverend C J Smith (PCC Chairman)**
5
# **Parish of St Mary the Virgin with St Peter and St Paul Marlborough**
## **Charity registration number 1134792**
## **End of Year Financial Statements**
## **Year ended 31 December 2023**
6
## **PARISH OF ST MARY THE VIRGIN WITH ST PETER AND ST PAUL MARLBOROUGH**
## Charity Registration Number 1134792
## **INDEPENDENT EXAMINERS REPORT TO THE PAROCHIAL CHURCH COUNCIL (PCC)**
I report on the financial statements of the PCC for the year ended 31 December 2023, which are set out on pages 8 - 19.
## **Respective responsibilities of trustees and examiner**
The charity’s trustees (PCC Members) are responsible for the preparation of the accounts. The charity’s trustees consider that an audit is not required for this year under section 144(2) of the Charities Act 2011 (the 2011 Act) but that an independent examination is needed.
It is my responsibility to:
- examine the accounts under section 145 of the 2011 Act;
- to follow the procedures laid down in the general Directions given by the Charity Commission under section 145 (5)(b) of the 2011 Act; and
- to state whether particular matters have come to my attention.
## **Basis of independent examiner’s report**
My examination was carried out in accordance with the General Directions given by the Charity Commissioners. An examination includes a review of the accounting records kept by the PCC and a comparison of the accounts presented with those records. It also includes consideration of any unusual items of disclosures in the accounts 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 I do not express an audit opinion on the view given by the accounts.
## **Independent examiner’s statement**
In connection with my examination, no matter has come to my attention:
- (1) which gives me reasonable cause to believe that in any material respect the requirements:
- to keep accounting records in accordance with section 130 of the Act; and
- to prepare accounts which accord with the accounting records and comply with the accounting requirements of the 2011 Act
- have not been met,
- (2) to which, in my opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached.
……………………………………………
Mr Peter Davies FCA Peter Davies Chartered Accountant Sunrise Chapel Lane
7
Hermitage RG18 9RL
## Date: 2024 **Statement of Financial Activities**
||**Unrestric**
**ted**
**funds**
**Designa**
**ted**
**funds**
**Restric**
**ted**
**funds**
**Endowm**
**ent**
**funds**
**Total**
**funds**
**Prior**
**year**
**total**
**funds**|
|---|---|
|**Income and endowments from:86146**
Income from Donors - Planned Giving
Income from Donors - Other Donations
Income for Specified Projects
Other ordinary incoming resources
Income from ancillary trading
Income from investments
**Total income**
**Expenditure on:**
Church ministry and services
Expenditure on specified projects
Church management and administration
Church Hall Expenditure
Specified receipts and collections
Other Costs
**Total expenditure**
**Net income / (expenditure) resources**
**before transfer**
**Transfers**
Gross transfers between funds
**Other recognised gains / (losses)**
Unrealised Gains/(losses) on investment
assets
**Net movement in funds**
**Reconciliation of funds**
**Total funds brought forward**
**Total funds carried forward**|82,323
-
-
-
82,323
74,170
13,520
20,025
874
-
34,419
23,032
(75)
-
35,944
-
35,869
40,382
37,250
5,000
2,092
-
44,342
39,025
9,797
-
-
9,797
9,103
3,460
-
1,056
-
4,516
1,999|
||**146,275**
**25,025**
**39,966**
**-**
**211,26**
**6**
**187,711**
92,894
-
10,395
-
103,28
9
102,645
-
-
33,892
-
33,892
33,216
33,721
-
-
-
33,721
33,041
10,980
-
-
-
10,980
10,438
11,015
-
1,785
-
12,800
10,587
615
5,948
1,556
-
8,119
2,106|
||**149,225**
**5,948**
**47,628**
**-**
**202,80**
**1**
**192,033**|
||**(2,950)**
**19,077**
**(7,662)**
**-**
**8,465**
**(4,322)**
(500) 5,948 (5,448) -
- -
-
10,755
-
2,651
13,406
(13,890)|
||**(3,450)**
**35,780**
**(13,110)**
**2,651**
**21,871**
**(18,212)**|
||**12,447**
**100,270**
**84,331**
**27,934**
**224,98**
**2**
**243,194**|
||**8,997**
**136,050**
**71,221**
**30,585**
**246,85**
**224,982**|
8
**3**
## **Balance Sheet (Summary)**
|**Balance Sheet (Summary)**||
|---|---|
||**As at**
**31/12/2023**
**As at**
**31/12/2022**
1,847
2,463
119,690
106,283
**121,537**
**108,746**
1,682
3,115
126,035
117,388
**127,717**
**120,503**
2,401
4,267
**2,401**
**4,267**
**125,316**
**116,236**
**246,853**
**224,982**
8,997
12,447
76,050
65,270
25,000
-
35,000
35,000
1,012
957
6,713
6,507
11,335
8,073
2,695
7,553
23,477
30,369
6,432
11,465|
|**Fixed assets**
Tangible Assets
Investments
**Current assets**
Debtors
Cash At Bank And In Hand
**Liabilities**
Creditors: Amounts Falling Due In One Year
**Net current assets less current liabilities**
**Total assets less current liabilities**
**Represented by**
**Unrestricted**
Unrestricted - General Funds
**Designated**
Capital Reserves for Future Projects
Admin Asst Donation
Fabric fund
**Restricted**
Bellringers
Cadley cash
Love Marlborough Kids Meals
Miscellaneous Restricted Receipts
Organ restoration
Contemporary Worship Lead||
9
Youth and Family Worker fund
19,557 19,407
|**Endowment**
Cadley endowment
**Fund Totals**|30,585
27,934|
|---|---|
||**246,853**
**224,982**|
The annual financial accounts were approved by the PCC on 21 March 2024 and signed on its behalf by
Rev Christopher Smith Rector Mark Whitehead Treasurer
## **PARISH OF ST MARY THE VIRGIN WITH ST PETER & ST PAUL, MARLBOROUGH**
## Charity Registration Number 1134792
## **Notes to the accounts**
## **Year ended 31 December 2023**
## **1** ACCOUNTING POLICIES
The Parochial Church Council of the Ecclesiastical Parish of St Mary the Virgin, with St Peter & St Paul, Marlborough, is a charity registered with the Charity Commission for England and Wales.
## a) **Basis of preparation**
The accounts have been prepared in accordance with the Church Accounting Regulations 2006 together with applicable accounting standards and the Charities Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standards applicable in the UK & Republic of Ireland (FRS102) issued on 16[th] July 2014.
The accounts have been prepared under the historical cost convention except for the valuation of investment assets, which are shown at market value.
The accounts include all transactions, assets and liabilities for which the PCC is responsible in law. The accounts 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 or small cash balances held by individuals.
## b) **Funds**
Funds have been classified as Unrestricted, Designated, Restricted or Endowment.
10
Unrestricted funds represent the funds of the PCC that are not subject to any restrictions regarding their use and are available for application on the general purposes of the PCC.
Designated funds are unrestricted funds which have been designated by the PCC for a particular purpose. They can be redesignated by the PCC
Restricted funds are funds received, collected by or given to the PCC for a particular purpose which was specified at or before the time of receipt. These funds have been restricted by the donor for a particular purpose and they cannot, and must not, be used by the PCC for any other purpose except by agreement with the donor or as determined by the courts or the Charity Commission.
Endowment funds are funds given to the PCC with the specific instruction that only the income gained from the funds can be spent. Endowment funds also include an asset donated to be retained by the PCC for continuing use by the Church. The original endowment funds cannot normally be spent and must remain in the form of equivalent assets or investments. Endowment funds can either be permanent, ie the PCC have no power to convert it into income, or expendable, where the PCC may, in certain circumstances, spend the funds endowed.
## c) **Incoming resources**
## _Voluntary income_
Collections are recognised when received by or on behalf of the PCC.
Planned giving receivable under Gift Aid is recognised only when received.
Tax recoverable on Gift Aid donations is recognised when the income is received.
Grants and legacies to the PCC are accounted for as soon as the PCC is notified of its legal entitlement, the amount due is quantifiable and its ultimate receipt by the PCC is reasonably certain.
Funds raised by any fete or social event are accounted for gross, where practicable.
## _Income from ancillary trading_
Rental income from the letting of church premises is recognised when the rental is due.
## _Income from investment_
Dividends and interest are accounted for when receivable.
## _Gains and losses on investments_
Realised gains or losses are recognised when investments are sold.
11
Unrealised gains or losses are accounted for on revaluation of investments at 31 December.
## d) **Resources used**
## _Church ministry and services_
The diocesan share is accounted for when payable. Any diocesan share unpaid at 31 December is provided for in these accounts as an operational (though not a legal) liability and is shown as a creditor in the Balance Sheet.
## _Grants made_
Grants and donations are accounted for when paid over, or when awarded, if that award creates a binding obligation on the PCC.
## e) **Fixed assets**
## _Consecrated land and buildings and moveable church furnishings_
Consecrated and beneficed property is excluded from the accounts by S10(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 accounted for as inalienable property and not valued in the accounts.
All expenditure incurred during the year on consecrated or benefice buildings and movable church furnishings, whether maintenance or improvement, is treated as an expense and written off.
## **f) Fixed assets** _- Office equipment_
Office equipment is capitalised and depreciated on a straight line basis as follows:
Computer equipment
25% of cost per annum
Individual items of equipment with a purchase price of £1,000 or less are written off when the asset is acquired.
## **g) Investments**
Investments are valued at bid price at 31 December.
## **h) Current Assets**
Cash held in a savings account with a bank is classified as cash at bank. Cash held on deposit with the CBF Church of England Deposit Fund or
12
held in a term deposit account with a bank is classified as a short term deposit.
Amounts owing to the PCC at 31 December in respect of fees, rents or other income are shown as debtors less provision for amounts that may prove uncollectable.
13
**Analysis of income and expenditure**
||||||**Total**|**Total**|
|---|---|---|---|---|---|---|
||**Unrestric**|**Designa**|**Restric**|**Endowm**|**This**|**Last**|
||**ted**|**ted**|**ted**|**ent**|**year**|**year**|
|**INCOME AND ENDOWMENTS FROM:**|||||||
|**Income from Donors - Planned Giving**|||||||
|Regular giving incl S/O's & Parish
Giving Scheme|82,323|-|-|-|82,323|74,170|
|**Totals**|**82,323**|**-**|**-**|**-**|**82,323**|**74,170**|
|**Income from Donors - Other Donations**|||||||
|Loose Collection|9,774|-|-|-|9,774|5,646|
|Other donations incl one off gifts|1,064|20,000|-|-|21,064|13,718|
|For Giving - Rectors Discretion|-|-|874|-|,874|1,670|
|Donations for local outreach|2,285|-|-|-|2,285|1,702|
|Bequests, Legacies, Gifts in memory|397|25|-|-|422|296|
|**Totals**|**13,520**|**20,025**|**874**|**-**|**34,419**|**23,032**|
|**Income for Specified Projects**|||||||
|Donations for Family Worker|-|-|120|-|120|120|
|Donations for Contemporary Worship
Lead Role|-|-|13,355|-|13,355|18,350|
|Donations for LMKM|-|-|16,868|-|16,868|15,150|
|Bellringer fund income|-|-|760|-|760|528|
|Specified collections|(75)|-|2,000|-|1,925|1,748|
|Donations to Organ restoration fund|-|-|2,840|-|2,840|4,486|
|**Totals**|**(75)**|**-**|**35,944**|**-**|**35,869**|**40,382**|
|**Other ordinary incoming resources**|||||||
|Gift Aid|19,741|5,000|2,008|-|26,749|20,825|
|Gift Aid Small Donation Scheme|1,984|-|84|-|2,068|2,147|
|Fees PCC|3,112|-|-|-|3,112|4,640|
|Other PCC fees Inc church hire|4,237|-|-|-|4,237|1,943|
|Fundraising / Social Events|-|-|-|-|-|450|
|Other income|2,400|-|-|-|2,400|3,647|
|Contributions to Team office|5,776|-|-|-|5,776|5,373|
|**Totals**|**37,250**|**5,000**|**2,092**|**-**|**44,342**|**39,025**|
|**Income from ancillary trading**|||||||
|Photocopying income|-|-|-|-|-|866|
|Church Hall lettings|9,797|-|-|-|9.797|8,237|
|**Totals**|**9,797**|**-**|**-**|**-**|**9,797**|**9,103**|
|**Income from investments**|||||||
|Interest income, net of bank charges|2,395|-|220|-|2,615|114|
|Dividend income|1,065|-|836|-|1,901|1,887|
|**Totals**|**3,460**|**-**|**1,056**|**-**|**4,516**|**1,999**|
|**Grand totals**|**146,275**|**25,025**|**39,966**|**- **|**211,266 **|**187,711**|
14
## **EXPENDITURE ON:**
||**Unrestric**
**ted**
**Designa**
**ted**
**Restric**
**ted**
**Endowm**
**ent**
**This**
**year**
**Last**
**year**|
|---|---|
|**Church ministry and services**
Parish Share
80,337
-
-
-
80,337
77,997
LLM Expenses
195
-
-
-
195
-
Clergy transport
371
-
-
-
371
520
Clergy telephone
404
-
-
-
404
504
Clergy Hospitality
716
-
-
-
716
620
Clergy stationery
258
-
-
-
258
50
Clergy study books and courses
568
-
-
-
568
479
Clergy computer expenses
231
-
-
-
231
136
Sum-up fees
17
-
13
-
58
58
Music
384
-
-
-
384
389
Organ and piano maintenance
85
-
10,382
-
10,647
12,543
Junior Church & Creche
405
-
-
-
405
332
Local Outreach
2,754
-
-
-
2,754
3,419
Expenses and fees of visitors
129
-
-
-
129
56
Gifts to volunteers
28
-
-
-
28
70
Resources for Church & Home Groups
1,245
-
-
-
1,245
734
Upkeep of services
1,595
-
-
-
1,595
1,479
Church routine maintenance
2,046
-
-
-
2,046
2,814
Refreshments and Social Events
480
-
-
-
480
57
Other sundry expenses
645
-
-
-
645
388
**Totals**
**92,894**
**-**
**10,395**
**- 103,289 102,645**
**Expenditure on specified projects**
Contemporary Worship Lead Costs
-
-
19,267
-
19,267
18,999
LMKM costs
-
-
14,625
-
14,625 13,400
Giving - Rector's discretion
-
-
-
-
-
817
**Totals**
**-**
**-**
**33,892**
**-**
**33,892**
**33,216**
**Church management and administration**
Church caretaker pay
3,034
-
-
-
3,034
2,639
Church utilities
8,273
-
-
-
8,273
9,961
Church Insurance
2,726
-
-
-
2,726
2,506
Team Office staff pay
15,525
-
-
-
15,525
13,434
Team Office supplies
2,349
-
-
-
2,349
777
Independent Examination fee
400
-
-
-
400
400
Team Office Utilities
1,066
-
-
-
1,066
892
Printer/Copier charges
348
-
-
-
348
2,432
**Totals**
**33,721**
**-**
**-**
**-**
**33,721**
**33,041**
**Church Hall Expenditure**
Hall-Caretaker pay
4,750
-
-
-
4,750
4,418
Hall-Bookings Manager
1,375
-
-
-
1,375
1,279
Hall- utilities
4,202
-
-
-
4,202
2,503
Hall-maintenance,cleaning & repairs
653
-
-
-
653
2,238
**Totals**
**10,980**
**-**
**-**
**-**
**10,980**
**10,438**
**Specified receipts and collections**
Mission Fund gifts
10,875
-
-
-
10,875
8,839
Pay specified Collections
140
-
1,785
-
1,925
1,748
**Totals**
**11,015**
**-**
**1,785**
**-**
**12,800**
**10,587**
**Other costs**
Depreciation of fixed assets
615
-
-
-
615
771
Church maintenance (Fabric Fund)
-
5,948
-
-
5,948
240
Bellringer fund expenditure
-
-
706
-
706
345
Cadley Churchyard maintenance
-
-
850
-
850
750
**Totals**
**615**
**5,948**
**1,556**
**-**
**8,119**
**2,106**
**Expenditure Grand totals**
**149,225**
**5,948**
**47,628**
**- 202,801 192,033**|80,337
-
-
-
80,337
77,997
195
-
-
-
195
-
371
-
-
-
371
520
404
-
-
-
404
504
716
-
-
-
716
620
258
-
-
-
258
50
568
-
-
-
568
479
231
-
-
-
231
136
17
-
13
-
58
58
384
-
-
-
384
389
85
-
10,382
-
10,647
12,543
405
-
-
-
405
332
2,754
-
-
-
2,754
3,419
129
-
-
-
129
56
28
-
-
-
28
70
1,245
-
-
-
1,245
734
1,595
-
-
-
1,595
1,479
2,046
-
-
-
2,046
2,814
480
-
-
-
480
57
645
-
-
-
645
388|
||**92,894**
**-**
**10,395**
**- 103,289 102,645**
-
-
19,267
-
19,267
18,999
-
-
14,625
-
14,625 13,400
-
-
-
-
-
817|
||**33,721**
**-**
**-**
**-**
**33,721**
**33,041**
4,750
-
-
-
4,750
4,418
1,375
-
-
-
1,375
1,279
4,202
-
-
-
4,202
2,503
653
-
-
-
653
2,238|
||**10,980**
**-**
**-**
**-**
**10,980**
**10,438**
10,875
-
-
-
10,875
8,839
140
-
1,785
-
1,925
1,748|
||**11,015**
**-**
**1,785**
**-**
**12,800**
**10,587**
615
-
-
-
615
771
-
5,948
-
-
5,948
240
-
-
706
-
706
345
-
-
850
-
850
750|
||**615**
**5,948**
**1,556**
**-**
**8,119**
**2,106**|
||
**149,225**
**5,948**
**47,628**
**- 202,801 192,033**|
15
**Staff Costs** Year to
Year to
31 Dec 2023 31
Dec 2022
£ £ Salaries (including employers NI), pension contributions 42,112 40,768
The number of persons employed by the charity during the year was 5
Employed staff roles in 2023 were: Team administrator, Church/church hall caretaker (2 individuals each working in both Church and church hall), Church hall booking secretary, and Contemporary Worship Lead.
No trustees received remuneration except for the Rector Christopher Smith who received a priests stipend from the Diocese of Salisbury, the cost of which is financed out of the Diocesan share, as a cost of Church ministry.
Termination benefits are recognised immediately as an expense when the charity is demonstrably committed to terminate the employment of an employee or to provide termination benefits.
Trustees are reimbursed for expenses incurred on behalf of the PCC 2023 2022
The number of trustees who were reimbursed was 4 4 The total amount reimbursed was: 4,809 3,911
The expenses reimbursed were: mileage, travel, hospitality and catering, telephone, broadband, study courses, prayer materials, stationery, office expenses, small gifts (not exceeding £50 each), garden waste collection, licences, Christmas service date cards.
16
## **TANGIBLE FIXED ASSETS**
|Office
Equipment
Computer
Equipment
£
£
**COST**
At 1 January 2023
20,840
982
Additions
-
-
Disposals
(5,754)
-
At 31 December 2023
**15,086**
**982**
_____
______
**DEPRECIATION**
At 1 January 2023
18,378
982
Charge for the year
615
-
Disposals
(5,754)
-
At 31 December 2023
**13,239**
**982**
______
______
**NET BOOK VALUE**
At 31 December 2023
1
,847
0
_____
______
At 1 January 2023
2,462
0|Total
£
21,822
-
(5,754)
**16,068**
______
19,360
616
(5,754)
**14,221**
______
**1,847**
______
2,462|
|---|---|
17
|**INVESTMENTS**
**At 1 January 2023**
CBF Investment Fund (Acc)
CBF Global Equity Fund (Inc)
CBF Investment Fund (Inc) at Diocese (Cadley Churchyard)
**Changes in 2023**
CBF Investment Fund (Acc) - revalue 31-Dec
(unrealised loss)
CBF Global Equity Fund (Inc) - revalue 31-Dec
(unrealised loss)
CBF Investment Fund (Inc) (Sav/ChCh) - revalue 31-Dec
(unrealised loss)
**Balances at 31 December 2023**
CBF Investment Fund (Acc)
CBF Global Equity Fund (Inc)
CBF Investment Fund (Inc) at Diocese (Cadley Churchyard)|**Market**
**Value**
**£**
40,893
37,457
27,934
______
106,28
4
5,173
5,582
2,651
______
13,406
______
46,066
43,039
30,585
______
119,690
|No of
Shares
Cost
£
771
21,294
14,223
22,974
1,353
3,094
______
47,362
771
21,2
94
14,223
22,974
1,353
3,094
______
47,362
|Bid price|
|---|---|---|---|
||||
£
53.008
2.633
20.65
59.71
3.026
22.60|
18
|**Income Accruals and Debtors**
Amounts falling due within one year:
Gift aid recoverable - Main Fund
Gift aid recoverable – Specifed funds
Christmas collections
Contributions to Christmas publicity
**Expense Accruals and Creditors**
Amounts due within one year:
Accounts Independent Examination
Employment costs outstanding – Tax and NI
Others (incl gas, electricity, printer charges,
team utilities)
Contributions to Publicity costs St George’s
(2023 Debtor)
Leaving gifts|**31 Dec 23**
**£**
**1,597**
**85**
**-**
**-**
**______**
**1,682**
**______**
**31 Dec 23**
**£**
**400**
**1,271**
**800**
**(210)**
**140**
**______**
**2,401**
|**31 Dec 22**
**£**
**1,945**
**285**
**810**
**75**
**______**
**3,115**
**______**
**31 Dec 22**
**£**
**400**
**954**
**2,255**
**400**
**258**
**______**
**4,267**
|
|---|---|---|
||||
19
|ANALYSIS OF NET ASSETS BY|ANALYSIS OF NET ASSETS BY||||||
|---|---|---|---|---|---|---|
|FUND|||||||
|STATUTORY||**Design**|**Restric**|**Endowm**|||
|FORMAT|**Unrestricted**|**ated**|**ted**|**ent**|**2023**|**2022**|
||**£**|**£**|**£**|**£**|**£**|**£**|
||**8,99**|||||**12,44**|
|The Main Fund|**7**||||**8,997**|**7**|
|||**35,000**|||**35,00**|**35,00**|
|Fabric Fund|||||**0**|**0**|
|Youth and Family|||||**19,55**|**19,40**|
|Worker|||**19,557**||**7**|**7**|
|Contemporary Worship||||||**11,46**|
|Lead|||**6,432**||**6,432**|**5**|
|||**25,000**|||**25,00**||
|Admin Asst Fund|||||**0**|**-**|
|Love Marlborough Kids|||||**11,33**||
|Meals|||**11,335**||**5**|**8,073**|
||||||**23,47**|**30,36**|
|Organ restoration fund|||**23,477**||**7**|**9**|
|Misc Restrcted|||||||
|Reserves|||**2,695**||**2,695**|**7,553**|
|Cap Res – Future||**76,050**|||**76,05**|**65,27**|
|Projects|||||**0**|**0**|
|Bellringers' Fund|||**1,012**||**1,012**|**957**|
|Cadley Churchyard Inv|||||**30,58**|**27,93**|
|Fund||||**30,585**|**5**|**4**|
|Cadley Churchyard|||||||
|Deposit|||**6,713**||**6,713**|**6,507**|
|||**––––––**|||||
||**––––––––**||**–––––––**|**–––––––**|**–––––––**|**–––––––**|
|||**136,050**|||**246,8**|**224,9**|
||**8,997**||**71,221**|**30,585**|**53**|**82**|
|||**––––––**|||||
||**––––––––**||**–––––––**|**––––––**|**–––––––**|**–––––––**|
|**Comprising:**|||||||
|||1,847|||**1,84**||
|Fixed Assets|||||**7**|**2,463**|
|||89,105|||**119,6**|**106,2**|
|Investments||||30,585|**90**|**83**|
|Current Assets -|||||||
|Debtors|1,522||160||**1,682**|**3,115**|
|Current Assets - Cash|||||**126,0**|**117,3**|
|at bank and in hand|9,085|45,098|71,852||**35**|**88**|
|Current Liabilities -|(1,61||||**(2,40**|**(4,26**|
|Creditors & Accruals|0)|-|(791)||**1)**|**7)**|
|||**––––––**|||||
||**––––––**||**–––––––**|**––––––––**|**––––––**|**––––––**|
|||**136,05**|||**246,8**|**224,9**|
|**Total**|**8,997**|**0**|**71,221**|**30,585**|**53**|**82**|
|||**––––––**|||||
||**––––––**||**–––––––**|**––––––––**|**––––––**|**––––––**|
20