DISCOVER JESUS DISCOVER LIFE The Parochial Church Council of the Ecclesiastical Parish of All Saints. Crowborough Charity number: 1134795 All Saints and St Richard's Churches, Crowborough Trustees'Annual Report and Financial Statements For the year ending 31 December 2023
ALI Saints and St Richard's Church PCC Contents Trustees, Report 1to8 Statement of Trustees, Responsibilities Independent Examiner's Report 10 Statement of Financial Activities 11to12 Balance Sheet 13 Notes to the Financial Statements 14to27
ALI Saints and St Richard's Church PCC Trustees, Report Aim The PCC works with the minsters and other staff to promote the whole mission of the Church. At All Saints our desire is, as God's household of faith in Crowborough, to be a community that is committed to helping each other and new people to 'Discover Jesus, and in him to 'Dis¢over Life,. 'Discover Jesus,: Our aim is that more people, through the witness of our churches, will discover jesus as their Lord and Saviour. 'Discover Life, Our aim is to be disciple-makers. We want to grow together as disciples of Jesus who has come to give us life to the full now, and life etern811y with him. St Richard's vision is"Living for the GLORY of Christ and the BENEFIT of others" Knowing Jesus-though his Word 8nd prayer. Showing Jesus-though our lifestyle and community action. Sharing Jesus-through evangelism and using our gifts. Our primary objective is the promotion of the Gospel of our Lord Jesus Christ according to the teaching of God's Word, The Bible, and enabling as many people as possible to find a living faith in Jesus Christ, and to become part of the Church Family, through worship and prayer, pastoral care and evangelistic and missionary work. We work from two sites within the parish-. At All Saints Our House Vision helps us to be focussed on this in several areas. GOD IS BUILOING HIS HOUSE. HIS CHURCH FqAME senwl wft5. fimirts ind for OL* Thih1¥Ur ia 11 ll Sh2phtrdlni AThitythcln4 the W knstrurtlThi iKh Nivs rf Jesu5 •thpp wllh Wrf K•lwirkhJ olhEr tr(¢S .FOYNDAI10N' BUN1 IN wt do an th2 ble ihd Prawr Page I
Accessible for all ages, stages, abilities, backgrounds, and nationalities We provide 8Ctivities for an increasing number of children and young people, on Sundays and midweek, and through our annual Holiday club. We welcome young people with additional needs to do work experience in our cafe and other ministries. There is a weekly Class teaching English as a second language. We run the Barnabas group to support people with dementia and their carers. We run a weekly friendship and outreach group for retired people, Young @ Heart. We want to welcome all people, ancl run a termly welcome anil belonging morning and meal for new comers. Loving God in our Sunday and Midweek Gatherings. The PCC maintains an overview of our worship and how our services and evangelistic witness can best reach the many groups that live within our parish. We welcome over 400 adults 2nd children over four services each Sunday, plus Evensong once a month. Music ministry is a key aspect of this as various people serve in the sung worship of our church through 8 Variety of styles. Music Hub meets monthly as a pipeline to train future musicians and worship leaders. Loving our Neighbour During the weekwe were glad to hostthe Crowborough Community Fridge and to provide a safe social space for all at Chat @Hope Cafe. Towards the end of the year we arranged collections of provisions for Afghan families arriving in the town as part of the Government resettlement scheme. Many members of our Church familyserve and lead in the Crowborough Foodbank. A Chaplaincy team visit several times a week in the local Hospital. Members of the church support the work of The Sir Henry Ferrnor Trust as it provides financial support to help the work of our church school Sir Henry Fermor Church of England Primary School. Shepherding One another Pastoral c8re for our large church is met through home groups and the pastoral team which is led by the Pastoral Care Co-ordinator. Prayer Ministry is offered each week after our main services. The Ministry Team seek to visit those who 8re no longer able to attend church as well as those in serious need in hospitals and care homes. We work in partnership with Biblical Counselling UK and currently have an intern offering counselling to those who need encouragement in particular situations. A'Prayer Focus, ministry exists for specific prayer needs. This is a confidentl81 ministrywhere a group of intercessors pray for matters that members of the Church Family request. Announcingthe Good News of jesus A new initiative'Honest Questions, in the local pub, gives the opportunity for all to discuss big issues and see how these are addressed in the life and person of Jesus. There are also social events for the local community for members of the church family to welcome friends and neighbours in, and give them the opportunityto find a living falth in Jesus Christ. Page 2
At our May events week we hosteij a variety of events Culminating in a special guest Sunday service. Our annual Holiday Club and weekly kids and youth ministry is a brilliant way to share the gospel with the next generation. Instructing Each Other with God's Word We believe that when God's word is taught. his voice is heard. Bible teaching and study is a key aspect of our discipleship. Sunday and midweek gatherings of children, young people and adults are a priority for us. Home groups meet for fellowship, prayer and Bible stucjy. We seek to provide resources to encourage individuals in Daily Bible Study. Three times a year we have a special Book Sunday where Christian books are promoted and sold. The book room is also a great resource where church family can borrow books that will help them grow in the faith. We specifically promote a Lent and Advent devotion81 book to help us in our walk with the Lord. These resources have sold out each time. All our sermons are recorded and available online. Our three main Sunday service are livestreamed which is greatly appreciated by those who can't come out or who are still anxious about attending post COVID. Networking with Other Churches for Church Planting and Encouragement. The parish supports the Church of Englanij Evangelical Council ICEECI strengthening links with other orthodox Anglican churches and the Sussex Gospel Partnership ISGPI, giving and receiving encouragement with other churches in the area, and offering occasional cover for holidays, st8ff shortage etc Training People for ministry 'Teach the Word, is a new course designed to train people in Bible h8ndling and teaching across the variety of teaching ministries within the church. A monthlyTheology Book Group meets to read and discuss more demanding books and to grow people's understanding. Members of staff teach on the SGP Ministry Training Course. Tuesday Bible school is a weekly day time group to equip people to understand God's word and theology better. We run a Ministry Trainee scheme giving people the opportunity to volunteer for a year and experience ministry first hand and to receive training. Supporting World Mission We partner with several people involved in gospel work around the world, encouraging the church family to support them in prayer and financially. The World Mission Group coordinate this work, ensuring that prayer needs are communicated with the church family and raising the profile of World Mission at our annual World Mission Sunday. Everything is built on the Foundation of the Bible and Prayer We create many opportunities for prayer: Prayer ministry on Sundays, the staff meet every day to pray, the Prayer Chapel is open to anyone on Friday mornings where we prayforthe weekend ahead and we gather for a growing monthly Praise and Prayer meeting. A monthly World Mission prayer gathering is held to pray for our Mission Partners. Page 3
We called a speci81'Cry out, prayer meeting where 150 g8thered in person or on Zoom to pray for the needs of the Church of England in the face of 'Living in Love and faith, We h8ve a growinggroup of intercessors who meet to pr8y each month and give time to pray for the ministry. This is a vital p8rt of all we do an(J we would love it to grow. All we do is enabled bythe frame, that is everyone serving. using our gifts, finances 8nd buildings for the growth and development of the ministry of All Saints and St Richard's. We rejoice once again in the generosity of God's people that funds the ministry and mission of All Saints. We are grateful for the support of our Diocese and all they are doing to stand up for orthodox biblical Ministry. We are so thankful for the amazing number of volunteers at All Saints and the vital part they p18y in us being'one body, seNing the Lord together. Everyone is giftecl by Gocl's Spirit to use their gifts as member of his body; our desire is that people find their place and find joy in serving with us in the gospel. We are thankful for our staff team and 811 they do to serve us and develop ministry. We are blessed with amazing buildings and are gratef ul to the fabric team and site managers for all they do to maintain these spaces. Much of the work has been done in the context of growing youth and kids work with increased connection with the community, a thriving women's ministry with particular targeted events, and a developing men's ministry. We have also worked hard atwelcome and have been blessecj with many new people, joining the church family and regularly having several visitors to Sunday services. We have a strong partnership with our church school, Sir Henry Fermor and take weekly assemblies and music practice, whilst also hosting their monthly service for chil(Jren and their families. This is a great partnership, our Vicar and other church rnembers are governors atSHF. As well as our regular services, we enabled people throughout our community to celebrate and thank God at the milestones of their journey through life. In 2023 we had 2 weddings, 10 baptisms and 6 thanksgivings for children. There were 19 funerals held in our churches and our ministry team conducted a f urther 23 at a crernatorium, cemetery or another church. At St Richard's 2023 has been a very encouraging year, with new people joining our community and a growing number of initiatives to help our wider community growing. St Richard's Sunday service is Anglican in structure yet informal in feel, with many people within the congregation encouraged to take part. There is a celebration of The Lord's Supper. usually on the third Sunday of each month, which is led by an ordained minister f rom All Saints. Our Sunday services start at 10.'45am and maintain a worshipping community of around 70 people including up to 20 children who go to their own sessions part way through the m8in gathering with creche facilities providecj for the youngest. We attract a small flow of visitors on Sunday mornings, with Christmas and Easter services attracting significantly higher numbers who do not regularly worship together with us. Our weekday activities include four St Richard's home groups, which meet weekly with One each month being the church family prayer meeting. Mondays are the busiest weekday Page 4
with initiatives taking place throughout the day. The men's sausage roll club meet in the orning in various cafés around town. In partnership with the local community association we have set up a monthly Café which attracts up to 40 people for conversations, craft stall, cakes and refreshments. The Knit and N8tter craft group meets in the afternoons, and once a month our"Friendship Hour" offers companionship for seniors. In the evening our Connect youth group runs in partnership with Forest Fold Baptist Church seeking to reach out into our local community, with over 40 parents and children coming along. On Tuesday mornings we run "Little Seeds" a group for pre-school children accompanied by parents and child-minders. This is very popular and there is always a w8ltinE list for places. We meet everywednesday lunchtime to pray and enjoy lunch and fellowship together. the f irst Thursday of each month around 20 members of the church meet together for prayer. On Friday mornings we have a Bible study group for ladies. Each week we produce a news sheet and prayer diary, keepingour community up-to-date with what is going on, what they can be involved with and items for prayer. In-between church organised events. our buildings are regu18rly used by local associations and groups, including housing associations, fitnessldance clubs, interestlhobby clubs and those providing care services in the community such as Good Company People, who support those with dementia. first aid courses for those with dogs, and of course birthday parties. During 2023 we ran a "warm space" initiative in support of our community with the provision of food and social inter8ctionlcomp8nionship. At Christmas as well as our usual Christingie service- which is always full- we were able, once again, to sing carols around two of the estates in our area, which was very much appreciated by the residents. To find out more about what St Richard's (Joes please check out our website for further information and an overview of new and existing ministries. Numbers At the end of 2023 there were 589 parishioners on the Church Electoral Roll 0 522 at All Saints 67 at St Richard's The usual Sunday attendance At All Saints was 357 adults plus 88 children. At St Richard's it was 56 adults plus 18 children pi We plan to refresh the House Vision for 2025126. We have booked 8n auditror2024 with UCAN IUK Churches Administrators Network) which will include a review of organisational, and operational effectiveness, administrative systems, and communications. We need to create a plan for redecorating and renovating our buildings and facilities as they increasingly show signs of age and wear and tear. We aim to develop Intercessors ministry. We expect to continue working with the CEEC for orthodox space within the Church of England, prayerfully p18nning to secure evangelical Anglican ministry for Crowt)orough for generations to come. Page 5
Financial review Planned giving for 2023 increased by 0.840/0 from the preceding year. Planned giving 2023 £376,962 Plannecj giving 2022 £373,813 Increase £3,149 The major expenditure for 2023 and the comparative figures for 2022 were.. 2023 2022 Staff costs and expenses Running 8nd maintenance costs Parish Share 274.278 248.211 132.456 53.503 39.437 240,787 210.446 116,904 50.058 19,361 Missionary and ch8ritable giving Ministry group costs rv It is the policy of the PCC to maintain a balance in the unrestricted funds to the equivalent of at le8st three months, unrestricted payments as a contingency, and to designate, subject to economic circumstances, a minimum of £10,000 annually to the Building and Maintenance Fund to allow compliance with recommendations in the next quinquennial report. At the end of the year unrestrictecj and designated funds were £540,562 and restricted were £26,945. The General funds stood at £84,756 for All Saints and £56,591 for St Richard's. The unrestricted funds are therefore sufficient to comply with the reserves policy. nt The PCC confirms that major risk to which the council is exposed h8ve been identified by risk 8n81ysis carried out on behalf of the council under the direction of the Church Administrator and the Safeguarding Officer. All risk are reviewed regularly and systems and procedures established to man8ge identifiable risks. tr rn nt The Parochial Church Council is a corporate body established by the Church of England. The PCC operates under the Parochial Church Council Powers Neasure. The PCC is a registered charity. Members of the PCC are elected by the Annual Parochial Church Meeting IAPCMI or co- opted in accordance with the Church Representation rules. The membership of the PCC consists of the incumbent lour Vicar), Associate Vicars, Curate, Churchwardens and memtjers elected by those members of the congregation who are on the Elector81 Roll of the church. Members of the congregation are encouraged to register on the Electoral Roll. The PCC has the responsibility of co-operating with the incumbent, the Reverend Steve Rees, in promoting in the ecclesiastical parish the whole mission of the Church- evangelistic, Page 6
pastoral, social and ecumenical- and is also specific8lly responsible for the m8intenance of the Church Centre and Halls of All Saints and St Richard's. The PCC members 8re responsible for making decisions on all matters of gener81 concern and importance to the parish inclu(Jing deciding on how the Gener81 Fun(J, World Mission Fund and other funds of the PCC are to be spent. The day to day running of the Church is delegated to ManagementTe8ms and Members of Staff. The PCC have established the following subcommittees all of who make recommendations to the full PCC for approval.. St Richard's Management Comrnittee-to oversee the running of St Richard's Finance Committee- to give more detailed analysis of the finances and report to the pcc Fabric Committee- to review the m8inten8nce of the church buildings and recommend priorities to the PCC. World Mission Group- to promote World Mission including making recommendations for grants and gifts. Remuneration Committee-to recommend any changes in payfor staff employed by the PCC. Charity Name The Parochial Church Council of the Ecclesiastical Parish of All Saints, Crowborough Working Name All Saints PCC. Crowborough Trustees I PCC members Revd Stephen Rees Revd Mark Rapley LLM Revd Nicholas Ashton Revd Canon Robert Dillingham Revd Peter Winstone Adam Thrift LLM Nigel Grimwade, Churchwarden (to April 20231 Anthony Youlton, Churchwarden Ito April 20231 Stephen Dennison. Churchwarden Ifrom April 20231, Diocesan & Deanery Synod Thomas McDowell, Churchwarden (from April 20231 lan Macdowell, Diocesan and Deanerysynod Catherine Allen, Deanery Synod (from lune 20231 Julie Bradshaw, Deanery Synod David Buck, Deanery Synod Katharine Fairb8irn. Deanery Synod Eric Harrison, Deanery Synod (until June 20231 Irena Morrison, Deanery Synod Judy Aeheson, PCC Elected member Steven Burns, PCC Elected member Janet Galt, PCC Elected member Jane Brackpool, PCC Elected member John Summers, PCC Elected member David Alexander, PCC Elected member Lindsay Freelove. PCC Elected member Page 7
Jill S8ndercott. PCC Elected member Stuartsmith, PCC Elected member Adrian 8ailey, Treasurer8nd PCC Co-opted Member Charity number 1134795 Lo¢ations All Salnts Church Church Road Crowborough TN61ED St Richard's Church Fermor Road Crowborough TN6 3AP Websites vvww.allsaintscrowborough.org wNw.strichardscrowborough.orE Independent Redshield Chartered Accountants Flnancial Examiners Suite 3, 1-3 Warren Court, Park Road Crowborough East Sussex TN6 2QX Bankèrs National Westminster Bank PIC Annual report approved bythe PCC on their behalf by: 2024 and signed on Rev Stephen Rees Ichair of Trustees) Dr Stephen Dennison (Trusteel Thomas McDowell ITrusteel Page 8
All Saints and St Richard's Church PCC statement of Trustees. Responsibilities The trustees a responsible for preparing the trustees, report and the financial Statements in accordance with the United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practi) and applicable law and regulations. The law applicable to charities requires the trustees to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the charity and of the incoming resources and application of resources of the charity for that period. In preparing these financial statements, the trustees are required to: select suitsble accounting policies and then app them consistentlyi observe the methods and principles in the Charities SORP. make judgements and estimates that are reasonable and prudent; state whether applicable accounting standards have followed, subject to any materkal departures disclosed and explained in the financial statements. and prepare the finanaal ststements on the going conrn basis unless it is inappropriate to presume that the charity will continue in busness. The trustees are responsible for keeping proper accounting records that disdose with reasonable accuracy at any time the finanaal position of the charity and enable them to ensure that the financial ststements comply with the Charities Act 2011, the Charities (Accounts and Reports) Regulations 2008, and the provisions of the constitution. The trustees are also responsible for safeguardiThJ the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities. The trustees are responsible for the maintenance and integrity of the corFX)rate and financial information included on the charitsble company's website. Legislation governing the preparation and dissemination of financial ststements may differ from legislation in other jurisdictions. Approved by the trustees of the charity on .. and signed on its behalf by: Reverend Stephen Philip Rees Trustee Dr Steve Dennison Trustee MrTh Trustee as McDowell Page 9
All Saints and St Richard's Church PCC Independent Examiner's Report to the trustees of All Saints and St Richard's Church PCC l port to the trustees on my examination of the accounts of All Saints and St Richard's Church PCC for the year ended 31 Dember 2023. Responsibilities and basis of rewt s the charity trustees of All Saints and St Richard's Church PCC you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 Cthe ACV). I report in respect of my examination of the All Saints and St Richard's Church PCC'S accounts carried out under section 145 of the 2011 Act and in carrying out my examination I have followed all the applicable Directions given by the Charity Commission under sertion 145(5)(b) of the Act. Independent examlnerfs statement sin All Saints and St Richard's Church PCC'5 gross income exceeded £250,000 your examiner must be a member of a body listed in section 145 of the 2011 Art. I confirm that l am qualified to undertake the examination beCale l am a member of ICAEW, which is one of the listed bodies. I have completed my examination. I confirm that no material matters have come to my attention in connettion with the examination giving me cause to believe that in any material respect.. l. accounting records were not kept in respect of All Salnts and St Richard's Church PCC as required by section 130 of the Act; or 2. the accounts do not accord with those records; or 3. the accounts do not comply with the accounting qUirements conceming the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the accounts give a 'true and fair view, whith is not a matter considered as Part of an independent examination. I have no cOnrnS and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understsnding of the accounts to be reached. let Morris Chartered Accountants ICAEW Suite 3, 1 3 Warren Court Park Road Crowborough East Sussex TN6 2QX Date.. Page 10
All Saints and St Richard's Church PCC Statement of Financial Activities for the Year Ended 31 December 2023 Total 2023 Unrestricted Restricted Note Income and Endowments from: Donations and legacies Charitable activities other trading activities Investment income 568,260 73,769 I,oii 69,532 4,463 637,792 78,232 I,oii Totsl income 667 199 741 194 Expenditure on: Raising funds Charitable acbvities (221) 678 494 (221} 747 885 Totsl exkEnditure 678 715 748 106 Net lexpenditure)/income Gro transfers between funds (11,516) 4,604 16,912} Net movement in funds (25,381) 18,469 {6,912} Reconciliation of funds Totsl funds brought forward Totsl funds carried forward 565 943 574 419 19 567 507 The notes on pages 14 to 27 form an integral part of these financial statements. Page 11
All Saints and St Richard's Church PCC statement of Financial Activities for the Year Ended 31 December 2023 (continued) Total 2022 Unrestricted Restricted Note Income and Endowments from: Donations and legacies Charitable activities other trading activities Investment income 565,332 79,026 3,841 7,567 572,899 79,026 3,841 Totsl income 669 458 677 025 Expendlture on: Raising funds Charitable acbvities (18,469) 657 436 (18,469} 695 180 Totsl exkEnditure 675 905 713 649 Net expenditure Gross transfers between funds (6,447) (30,177) (36,624) Net movement in funds (23,975) (12,649) (36,624) Reconciliation of funds Totsl funds brought forward 589 918 611043 Totsl funds carried forward 19 565 943 574 419 All of the charity's activities derive from continuing operations during the above periods. The funds breakdown is shown in note 19. The notes on pages 14 to 27 form an integral part of these financial ststements. Page 12
All Saints and St Richard's Church PCC (Registration number: 1134795) Balance Sheet as at 31 December 2023 2023 2022 Note Fixed assets Tangible assets Current assets Debtors Cash at bank and in hand 14 137,178 138,528 15 16 41,115 428 497 469,612 35,905 477,686 Credltors: Amounts falling due wlthln one year 17 Net current assets 430 329 435 891 Net assets 567 507 574 419 Funds of the charlty: Restricted income funds Restricted fijnds 26,945 8,476 Unrestrlcted income funds Unrestrirted fvnds 565 943 Total funds 19 567 507 574 419 The financial ststem ts on pages 11 to 27 were approved by the trustees, and authorised for issue on l.f. fyi.r..2o.2.¥.... and signed on their behalf by.. Reverend Stephen Philip Rees Trustee Dr Steve Dennison Trustee Mr Thoma Trustee Mct*)well The notes on pages 14 to 27 fomi an Integrdl part of these financlal statements. Page 13
All Saints and St Richard's Church PCC Notes to the Financial Statements for the Year Ended 31 December 2023 l Accounting policies statement of compliance The financial statements have been prepared in accordance with the second edition of the Charities Statement of Recommended Practice issued in October 2019, the Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland IFRS 102) and the Charities Act 2011. Basis of preparation All Saints and St Richard's Church PCC meets the definition of a public benefit entity under FR5 102. The accounts (financial statements) have been prepared under the historical cost convention with items recognised at cost or transaction value unless otherwise stated in the relevant notels) to these accounts. Going concern The trustees consider that there are no material UnrtaIntieS aiy)ut the charity's ability to continue as a going concern. Income and endowments Voluntsry income including donations, gifts, legacies and grants that provide core funding or are of a general nature is recognised when the charity has entitlement to the income, it is probable that the income will be r1Ved and the amount can be measured with sufficient liabIlity. Donations andlegaaes Donations and legacies are recognised on a receivable basis when receipt is probable and the amount can be reliably measured. Giftaid Incoming resources from tax reclaims are included in the Ststement of Financial Activities at the same time as the gift to which they relate. Investmentincome Dividends are recognised once the dividend has been declared and notification has tken received of the dividend due. Expenditure All expenditure is recognised On there is a legal or constructive obligation to that expenditure, it is probable settlement is required and the amount can be measured reliably. All costs are allocated to the applicable expenditure heading that aggregate similar costs to that category. Where costs cannot be directly attributed to particular headings they have been allocated on a basis consistent with the use of resources, with central staff costs allocated on the basis of time spent, and depreciation charges allocated on the portion of the asset's use. Other support costs are all(Kated based on the spread of staff costs. Page 14
All Saints and St Richard's Church PCC Notes to the Financial Ststements for the Year Ended 31 December 2023 (continued) Raising funds These are costs incurred in attracting voluntsry income, the management of investments and those incurred in trading activities that raise funds. Chan"table activities Charitable expenditure comprises those costs incurred by the charity in the delivery of its activities and Services for its beneficiaries. It includes LK)th costs that can be allocated directly to such activitie5 and those costs of an indirect nature necessary to support them. Support costs Support costs include central functions and have been allocated to activity cost categories on a basis consistent with the use of resources, for example, allocating property costs by floor areas, or per capits, staff costs by the time spent and other costs by their usage. Governance costs These include the costs attributsble to the charity's Complian with constitutional and ststutory requirements, including audit, strategic management and trustees meetings and reimbursed expEnses. Taxation The charity is considered to pass the tests set out in Paragraph I Schedule 6 of the Finan Act 2010 and therefore it meets the definlOn of a charitable company for UK corporation tsx purposes. Accordingly, the charity is potentially exempt from tsxation in respect of income or capitsl gains received within categories covered by Chapter 3 Part 11 of the Corporation Tax Act 2010 or Section 256 of the Taxation of Chargeable Gains Act 1992, to the extent that such income or gains are applied exclusively to charitable purposes. Tangible fixed assets Individual fixed assets costing £0.00 or more are initially recorded at Cost, le any subsequent accumulat depreciation and subsequent accumulated impairment losses. Depreciation and amortisation Depreciation is provided on tangible fixed assets so as to write off the cost or valuation, less any estimated residual value, over their expected useful economic life as follows.. Trade debtors Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of busine. Trade debtors are recogni5ed initially at the transaction pri. They are subsequently measured at amortised cost using the effective interest method, le55 provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the charity will not be able to collert all amounts due according to the original terms of the receivables. Page 15
All Saints and St Richard's Church PCC Notes to the Financial Ststements for the Year Ended 31 December 2023 (continued) Cash and cash equivalents Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value. Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reFQrting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities. are recognised initially at the transaction pri and subsequently measured at amortlsed cost using the effective interest method. Borrowings Interest-t)earing borrowings are initially recorded at fair value, net of transaction costs. Interest-t)earing borrowings are subsequently carried at amortised cost, with the differen between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the Statement of Financial Activities over the period of the relevant borrowing. Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges. Borrowings are classified as current liabilities unless the charity has an unconditional right to defer Settlement of the liability for at least twelve months after the reporting date. Fund structure Unrestrirted income funds are general funds that are available for use at the trustees discretion in furtheran of the objectives of the charity. Designated funds are unrestricted funds set aside for SFecific purposes at the discretion of the trustees. Restricted income funds are those donated for use in a particular area or for specific purpose5, the use of which is restricted to that area or purpose. Pensions and other post retirement obligations The charity operates a defined contribution pension scheme which is a pension plan under which fixed contributions are paid into a pension fund and the charity has no legal or construttive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee seiCe in the current and prior periods. Contributions to defined contribution plans are recognised in the Ststement of Financial Activf(ies when they are due. If contribution payments exceed the contribution due for seN1, the ex5 is recc¥Jnised as a prepayment. Page 16
All Saints and St Richard's Church PCC Notes to the Financial Ststements for the Year Ended 31 December 2023 (continued) Financial instruments Clawfication Financial assets and financial liabilities are recognised when the charity becomes a party to the contractual provisions of the instrument. Financial liabilities and equity instruments are classified according to the substsnce of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the charity after deducting all of its liabilities. Recognition andmeasurement All financial assets and liabilities are initially measured at transaction price (including transaction costs), expt for those financial assets classified as at fair value through profit or loss, which are initial measured at fair value (which is normally the transaction price excluding transaction costs), unless the arrangement constitutes a financing transaction. If an arrangement constitutes a financing transaction, the financial asset or financial liability is measured at the present value of the future payments discounted at a market rate of interest for a similar debt instrument. Financial assets and liabilitie5 are only offset in the ststement of financial position when, and only when there exists a legally enforceable right to set off the recognised amounts and the charity intends either to settle on a net basi5, or to realise the asset and settle the liability simultsneously. Financial assets are derecognised when and only when a) the contractual rights to the (xsh flows from the financial asset expire or are settled, b) the charity transfers to another party substantially all of the risks and rewards of ownership of the financial asset, or c) the charity, despite having retained some, but not all, significant risks and rewards of ownership, has transferred control of the asset to another party. Financial liabilities are dereccyJnised only when the obligation specified in the contract is discharged, Canlled or expires. Debtin$trunnts Debt instruments which meet the following conditions are subsequently measur&1 at amortised cost using the effertive interest meth(xJ- (a) The contrartual return to the holder is (i) a fixed amount. (li) a posf(ive fixed rate or a wsitive variable rate,. or (iii) a combination of a positive or a negative fixed rate and a positive variable rate. Ib) The contract may provide for repayments of the principal or the return to the holder (but not both) to linked to a single relevant observable index of general price inflation of the currency in which the debt instrument is denominated, provided such links are not leveraged. Ic) The contract may provide for a determinable variation of the return to the holder during the life of the instrument, provided that (i) the new rate satisfies condition (a) and the variation is not contingent on future events other than {1) a change of a contractual variable rate,. (21 to protect the holder against credit deterioration of the issuer. (3) changes in levies applied by a central bank or arising from changes in relevant tsxation or law; or (li) the new rate is a market rate of interest and satisfies condition (a). (d) There is no contractual provision that could, by its terms, result in the holder losing the principal amount or any interest attributable to the current period or prior periods. Page 17
All Saints and St Richard's Church PCC Notes to the Financial Ststements for the Year Ended 31 December 2023 (continued) (e) Contractual provisions that permit the issuer to prepay a debt instrument or permit the holder to put it back to the issuer before maturity are not contingent on future events, other than to protect the holder against the credit deterioration of the issuer or a change in control of the issuer, or to protect the holder or issuer against changes in levies applied by a ntral bank or arising from changes in relevant taxation or law. (f) Contractual provisions may permit the extension of the temi of the debt instrument, provided that the return to the holder and any other contractual provisions applicable during the extended term satisfy the conditions of paragraphs (a) to (c). Debt instruments that are classified as payable or receivable within one year on initial recognition and which meet the above conditions are measured at the undiscounted amount of the cash or other consideration expected to be paid or received, net of impairment. With the exptiOn of some hedging instruments, other debt instruments not meeting these conditions are measured at fair value through profit or loss. Commitments to make and receive loans which meet the conditions mentioned above are measured at cost (which may be nil) less impairment. Investments Investments in non-convertible preference shares and non-puttable ordinary or preferen shares (where shares are publicly traded or their fair value is reliably measurable) are measured at fair value through profit or loss. Where fair value cannot measured reliably, investments are measured at cost less impaim)ent. Investments in subsidiaries and associates are measured at cost less impairment. For investments in subsidiaries acquired for consideration including the issue of shares qualifying for merger relief, cost is measured by referen to the nominal value of the shares issued plus fair value of other consideration. Any premium is ignored. Derlvatlve flnandallnstruments The charity uses derivative financial instruments to reduce exwsure to foreign exchange risk and interest rate movements. The charity does not hold or issue derivative financial instruments for speculative purposes. Derivatives are initially recognised at fair value at the date a derivative contract is entered into and are subsequently remeasured to their fair value at each reporting date. The resulting gain or loss is recognised in ststement of financial activities immediately unless the derivative is designated and effective as a hedging instrument, in which event the timing of the recognition in statement of financial activities depends on the nature of the hedge relationship. Falr value nwsurement The best evidence of fair value is a quoted price for an identical asset in an active market. When quoted pri are unavailable, the price of a recent transaction for an identical asset provides evidence of fair value as long as there has not been a significant change in economic circumstances or a significant lapse of time since the transaction took place. If the market is not active and recent transactions of an identical asset on their own are not a good estimate of fair value, the fair value is estimated by using a valuation technique. Page 18
All Saints and St Richard's Church PCC Notes to the Financial Ststements for the Year Ended 31 December 2023 (continued) 2 Income from donations and legacies Unrestricted funds General Restricted funds Total funds Donations and legacies; Donations from individuals Legacies Grft aid reclaimed Regular giving and capital donations Other income from donations and legacies Total for 2023 76,218 36,214 78,776 376,962 90 64,825 141,043 36,214 78,776 376,962 637 792 Total for 2022 565 332 572 899 3 Income from charitable activities Unrestricted funds General Restricted funds Total funds Church nt and hall hi Ministy groups Fees from wedding & funerals 48,003 15,859 48,003 16,066 207 Total for 2023 Total for 2022 4 Income from othertradlng actlvltles Unrestricted funds General Total funds Trading income; Sales of goods and Se15 Total for 2023 Total for 2022 Page 19
All Saints and St Richard's Church PCC Notes to the Financial Ststements for the Year Ended 31 December 2023 (continued) 5 Invesbnent income Unrestricted funds General Total funds Interest receivable and similar income; Interest receivable on bank deposits Income from rents 4,851 4,851 Total for 2023 Total for 2022 6 Expenditure on raising funds a) Costs of generating donations and legacies Unrestricted funds General Total funds Total for 2022 b) Costs of trading activities Unrestricted funds General Total funds Card sales and bible notes 221 221 Total for 2023 221 221 Totsl for 2022 Page 20
All Saints and St Richard's Church PCC Notes to the Financial Ststements for the Year Ended 31 December 2023 (continued) Total costs 7 Expenditure on charitable activities Unrestricted funds General Restricted funds Total funds Note Ministy groups Missionary and charitsble giving Staff costs staff expenses Church maintenan Church running expen OfFice expenses Sundry expenses Accountsncy fees Bank charges Governance costs 170,980 32,685 237,844 36,434 72,317 80,210 12,772 22,028 6,244 2,565 913 20,818 171,893 53,503 237,844 36,434 119,977 80,210 12,772 22,028 6,244 2,565 47,660 Total for 2023 678 494 747 885 Total for 2022 657 436 695 180 8 Analysis of governance and support costs Unrestricted funds General Governance costs Total funds Independent examiner fees Examination of the financial statements Depreciation, amortisation and other similar costs 3,065 3,065 Total for 2023 Total for 2022 5,820 5,820 9 Net incomingloutgoing resource$ Net outgoing resources for the year include: 2023 2022 Depreciation of fixed assets Page 21
All Saints and St Richard's Church PCC Notes to the Financial Ststements for the Year Ended 31 December 2023 (continued) IOTrustees remuneration and expenses During the year the charity made the following transactions with trustees.. £24,965 (2022.. £11,701) of expenses were reimbursed or paid directly to during the year. Note Clergy "expenses" include Council tax, water rates and rentsls paid. No trustees, nor any persons connected with them, have received any remuneration from the charity during the year. No trustees have received any other benefits from the charity during the year. 11 Staff costs The aggregate payroll costs were as follows: 2023 2022 staff costs during the year were: Wages and salaries sla1 security costs Pension costs 213,344 11,756 199,024 10,493 237 844 220 868 The monthly average number of persons (including senior management / leadership team) employed by the charity during the year expressed as full time equivalents was as follows.. 2023 No 2022 5tsff 12 12 No employee received emoluments of more than £60,000 during the year 121ndependent examlner's remuneratlon 2023 2022 Examination of the financial statements 3,065 5,820 13Taxation The charity 15 a register1 charity and is therefore exempt from tsxation. Page 22
All Saints and St Richard's Church PCC Notes to the Financial Ststements for the Year Ended 31 December 2023 (continued) 14Tangible fixed assets Land and buildings Furniture and equipment Total Cost At l January 2023 184 428 195 991 At 31 Dember 2023 184 428 195 991 Depreciation At l January 2023 Charge for the year 45,900 11,563 57,463 At 31 Dember 2023 Net book value At 31 December 2023 137 178 137 178 At 31 Dember 2022 138 528 138 528 Included within the net book value of land and buildings above is £115,178 (2022- £116,528) in respect of freehold land and buildings and £22,000 (2022 - £22,000) in respert of leaseholds. 15 Debtors 2023 2022 Prepayments Other debtors 11,927 10,404 16Cash and cash equivalents 2023 2022 Cash at bank 428 497 441781 17 Creditors: amounts falling due within one year 2023 2022 Trade creditors Other taxation and Social security other creditors Accruals 26,652 3,363 5,668 5,419 3,291 26,325 Page 23
All Saints and St Richard's Church PCC Notes to the Financial Ststements for the Year Ended 31 December 2023 (continued) 18 Pension and other schemes Defined contribution pension scheme The charity operates a defined contribution pension scheme. The pension cost charge for the year represents contributions payable by the charity to the scheme and amounted to £12,744 {2022 £11,351). ContrTbutsons totslling £3,206 (2022 - £1,611) were payable to the scheme at the end of the year and are included in creditors. 19 Funds Balance at 31 December 2023 Balance at i January 2023 Incoming Resources resources expended Transfers Unrestricted funds General All Saints General Reserve St Richard's General Reserve Thirsty General Reserve All Saints Capitsl ReSee St Richard's Capitsl ReSee 142,521 563,844 (456,716) (164,893) 84,756 58,154 7,186 124,763 64,148 (64,211) (750) (1,350) (1,500) 56,591 6,436 123,413 354 624 627 992 523 027 293 196 Designated All Saints Maintenance Fund Barnabas Servi Charitable donations Choir Fund Community Entertainment Fund 69,769 182 38,204 5,276 (13,653) (346) 15,000 71,116 586 47,868 4,797 750 9,664 1479) 226 (226) Designated fund for Parish Share Holiday at Home Legacies and Special Projects Music Group St Richard's Building Fund st Richard's Pastoral Fund (110,380) 110,380 320 320 60,989 I,ioi 6,479 4,412 36,214 (5,146) (518) (485) 92,057 583 7,494 1,500 (4,412) Page 24
All Saints and St Richard's Church PCC Notes to the Financial Ststements for the Year Ended 31 December 2023 (continued) Balance at 31 December 2023 Balance at i January 2023 Incoming Resources resources expended Transfers Designated(continued) St Richard's Designated 2018 Gift Fund Support Fund Young @ Heart St Richard's O*P Worker Fund World mission Fund 4,633 860 1,401 (4,633) 860 2,325 2,243 (1,319) 14,000 3,467 211319 14,000 5,360 247 366 (23,362) 155 688 25,255 152 528 Total unrestrirted funds 565 943 678 715 Restricted funds All Saints Special Collection Fund Choir Fund (Pegnitz) Client Fund Community Entertainment Fund Curtains Fund Highfields Trust Janet Richards Memorial Fund Organ Refurbishment Project Refugee Support Fund Support for others to attend events & conferences World Nission Fund St Richard's Special Collection Fund St Richard's 2018 Gift Fund 5t Richard's Pastoral Fund 481 207 7,106 481 1,583 4,360 1,891 (515) (2,746) 1,000 (284) (4,660) 1114) 226 942 3,405 1,106 1,255 992 2,074 2,074 53,707 634 (47,660) (30) 6,047 1,104 500 247 247 10,543 (13,382) 2,839 70 70 4,633 4,633 Total restricted funds Total funds 574 419 748 106 567 507 Page 25
All Saints and St Richard's Church PCC Notes to the Financial Ststements for the Year Ended 31 December 2023 (continued) Balance at 31 December 2022 Balance at i January 2022 Incoming Resources resources expended Transfers Unrestricted funds General All Saints General Reserye St Richard's General Reserve Thirsty General Reserve All Saints Capitsl ReSee 5t Richard's Capitsl ReseNe 129,971 575,192 (491,409) (71,233) 142,521 26,898 11,994 124,763 61,038 (42,892) (4,808) 13,110 58,154 7,186 124,763 315 626 636 230 539 109 354 624 Designated All Saints Maintenance Fund Barnabas Servi Charitable donations Choir Fund Community Entertainment Fund Holiday at Home Legacies and Special Projects Music Group St Richard's Building Fund St Richard's Pastoral Fund St Richard's Designated 2018 Gift Fund Support Fund Young @ Heart St Richard's O*P Worker Fund World Nission Fund 57,168 61 (2,399) (1,540) 15,000 69,769 182 1,661 22,995 5,421 15,209 38,204 5,276 30 1175) 216 433 io 226 320 (113) 150,315 1,170 3,736 4,966 27,087 (116,413) (69) (1,218) (539) 60,989 I,ioi 6,479 4,412 3,961 {25) io 24,964 655 2,192 (9,314) (11,017) 4,633 860 1,401 205 4,225 (5,016) 14,000 14,000 274 292 136 796 211319 Total unrestricted funds 589 918 669 458 675 905 565 943 Page 26
All Saints and St Richard's Church PCC Notes to the Financial Ststements for the Year Ended 31 December 2023 (continued) Balance at 31 December 2022 Balance at i January Incoming Resources 2022 resources expended Transfers Restrlcted Choir Fund (Pegnitz) Curtains Fund Highfields Trust Janet Richards Memorial Fund World Mission Fund 1,891 3,405 1,106 1,891 3,405 1,106 2,074 2,074 Total restrlcted funds Total funds 611043 677 025 713 649 574 419 Three designated funds have bn re-classified as restricted funds during the year: - Community Entertainment Fund st Richard's Pastoral Fund st Richard's 2018 Gift Fund 20Analysis of net assets between funds Unrestricted funds General Total funds at 31 December 2023 Restricted funds Tangible fixed assets Current assets Current liabilitie5 137,178 442,667 137,178 469,612 26,945 Totsl net assets 567 507 Unrestricted funds General Total funds at 31 December 2022 Restricted funds Tangible fixed assets Current assets Current liabilities 138,528 469,210 138,528 477,686 8,476 Totsl net assets 565 943 574 419 Page 27