Report on Accounts for Year Ending 31 December 2023
INCOME
-
Donations
-
Overall decrease in regular monthly (several significant donors) and voluntary donations. No envelope donations now - Down c£2k
-
Gift Aid recovered – a consequence of reduction in 2021/22 donations - Down c£2k
-
Legacies
-
£138280 received – Down c£32k
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Operating Activities
-
Fees – Down c£1.8k – fewer fee-charging services
-
Church Hall – Down c£1.3k – slight change in hours by regular bookings + no polling station usage
-
Summer Fair – Up c£2.5k – includes £1377.82 from 2022
-
Green Lane Hall – Down c£10k but £8388 received on 2/1/24
-
Music & Organ Funds – no fund raising in 2023
Overall Annual Income DOWN on 2022 - £53384
EXPENDITURE
-
General Expenditure
-
Parish Support Fund (Quota) – Up £2.9k from 2022 - Full 12 months contributed
-
Vicar Expenses – Up c£2.8k – contributions made to sabbatical, Celtic course & vicarage gardening
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Clergy Expenses – Up c£2k – Full 12c months for Mother Shavaun
-
Organist & Choir – Down c£2.7k – Fewer ‘locum’ organists; David Pimm for full 12 months so no advertisement costs and his costs paid from Administration
-
Utilities – Up c£1.5k – slightly misleading as £1400 grant received in 2022
-
Hall Expenditure – Up c£3.3k but £1500 from 2022 paid in Jan 2023
-
Maintenance
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48 Selwyn – Down c£2k
-
Hall – Down c£3k
-
Church – Up c£30k – New lighting c£21k; Organ Humidifier etc c£6.5k; Defibrillator c£1k; Flagpole repairs c£1k
-
Administration
-
Office costs – UP £4k – includes 12 months Director of Music remuneration
Overall Annual Expenditure UP on 2022 - £37083
Income v Expenditure for 2023 – UP £76328
2023 v 2022 – DOWN £90467
Balance Sheet
-
48 Selwyn Road - £375k - mistakenly removed from Balance Sheet 2019. Reinstated after dialogue with Diocese
-
Church Restoration (Pennies) Restricted Account - £5392 – as alluded to in 2022 used towards 2023 lighting upgrade
PCC OF ST JAMES MALDEN BALANCE SHEET AT 31 DECEMBER 2023
| PCC OF ST JAMES MALDEN BALANCE SHEET AT 31 DECEMBER 2023 |
||
|---|---|---|
| FIXED ASSETS 48 Selwyn Road CURRENT ASSETS Cash and Income Bonds FUNDS* 48 Selwyn Road Income Bonds Church Restoration (Pennies) (R) Godly Play (R) Music Fund (R) Pipe Organ (R) Piano Fund R) Christmas Lunch (R) Solar Energy Donation (R) General Reserve |
2023 £ 375000 292311 667311 375000 10000 0 1180 10468 20 408 1168 4000 265067 667311 |
2022 £ 0 215984 |
| 215984 | ||
| 0 10000 5392 1180 10803 20 408 1168 4000 183013 |
||
| 215984 |
(R) denotes restricted account
*(mistakenly removed from Balance Sheet 2019)
Approved by Standing Committee/PCC and signed on its behalf by
| Chairperson | Date: |
|---|---|
| Treasurer | Date: |
| Secretary | Date: |
1
PCC OF ST JAMES MALDEN
STATEMENT OF FINANCIAL ACTIVITIES
For the year ended 31 December 2023
| Note INCOMING RESOURCES From donors 2(a) Other voluntary 2(b) From other sources 2(c) From Investments 2(d) TOTAL INCOMING RESOURCES RESOURCES USED Grants 3(a) Activities directly related to the work of the church 3(b) Hall Refurbishment 3(c) Church Maintenance 3(c) 48 Selwyn Road refurbisment 3(c) Church Administration 3(d) TOTAL RESOURCES USED NET INCOME/EXPENDITURE |
Unrestricted Restricted Endowment Assets Funds Funds Funds £ £ £ £ 39607 161551 1841 46660 303 248121 1841 2320 114986 336 2726 33024 611 19633 170979 2655 77142 -814 |
TOTAL FUNDS 2023 2022 £ 39607 45741 163392 194557 46660 62969 303 79 249962 303346 2320 2763 115322 107099 2726 5707 33024 2815 611 2719 19633 15448 173634 136551 76328 166795 |
TOTAL FUNDS 2023 2022 £ 39607 45741 163392 194557 46660 62969 303 79 249962 303346 2320 2763 115322 107099 2726 5707 33024 2815 611 2719 19633 15448 173634 136551 76328 166795 |
|---|---|---|---|
| 303346 | |||
| 2763 107099 5707 2815 2719 15448 |
|||
| 136551 | |||
| 166795 |
2
PCC OF ST JAMES MALDEN
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023
1 ACCOUNTING POLICIES
The financial statements have been prepared in accordance with the Church Accounting Regulations 2006 together with applicable accounting standards and the SORP 2005
2 INCOMING RESOURCES
| 2(a) From donors Tax efficient giving (inc payroll and CAF) Tax recovered Non Gift Aid Collections (open plate) 2(b) Other voluntary income Legacies Donations - Gift Aided Donations - Non Gift Aided Alms and Charities Sacristy 2(c) Income from operating activities Fees Church Hall Christmas Market Summer Fair Beetle Drive Quiz Bibles Sundries Green Lane Hall 48 Selwyn Road - Rent Music Fund Pipe Organ Fund 2(d) Income from investments Income Bonds TOTAL INCOMING RESOURCES |
Unrestricted Restricted Funds Funds £ £ 25017 8519 4752 1320 39607 0 138280 4720 18294 1841 258 161551 1841 2131 20774 0 2840 0 399 93 123 0 20300 0 0 46660 0 302 302 0 248121 1841 |
TOTAL FUNDS 2023 2022 £ £ 25017 29033 8519 10550 4752 4822 1320 1335 39607 45741 138280 170555 4720 2010 18294 18933 1841 2883 258 176 163392 194557 2131 3365 20774 22114 0 665 2840 325 0 153 399 308 93 180 123 15 0 10212 20300 19800 0 4697 0 1135 46660 62969 302 79 302 79 249962 303346 |
TOTAL FUNDS 2023 2022 £ £ 25017 29033 8519 10550 4752 4822 1320 1335 39607 45741 138280 170555 4720 2010 18294 18933 1841 2883 258 176 163392 194557 2131 3365 20774 22114 0 665 2840 325 0 153 399 308 93 180 123 15 0 10212 20300 19800 0 4697 0 1135 46660 62969 302 79 302 79 249962 303346 |
|---|---|---|---|
| 45741 | |||
| 170555 2010 18933 2883 176 |
|||
| 194557 | |||
| 3365 22114 665 325 153 308 180 15 10212 19800 4697 1135 |
|||
| 62969 | |||
| 79 | |||
| 79 | |||
| 303346 |
3
NOTES TO FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023 (Cont)
| RESOURCES USED 3(a) Grants Missionary and charitable giving Overseas Home 3(b) Activities directly related to the work of the church Diocesan Quota Vicar Expenses Clergy Expenses Sacristy Summer Fair Christmas Market Organist and Choir Fees and subs Music Fund Organ Fund Utilities Insurance Minor Repairs/Cleaning Flowers Sundries Hall 48 Selwyn Road - agents management fee 48 Selwyn Road - Insurance 48 Selwyn Road - minor repairs/maint 3(c) Church, Church Hall and 48 Selwyn Road Repairs/Maintenance 48 Selwyn Road Hall - maintenance Church - maintenance 3(d) Church Administration Office, printing, stationery etc Bank Charges Card Fees TOTAL RESOURCES USED |
Unrestricted Restricted Funds Funds £ £ 550 1770 2320 75400 3384 2965 814 546 0 1198 1512 336 0 5327 6427 3262 389 1717 8700 2436 609 300 114986 336 611 2726 33024 36360 0 19214 371 49 19633 0 170979 2655 |
TOTAL FUNDS 2023 2022 £ £ 550 0 1770 2763 2320 2763 75400 72500 3384 586 2965 803 814 622 546 307 0 90 1198 3964 1512 2089 336 496 0 1091 5327 3847 6427 6012 3262 3259 389 353 1717 751 8700 5419 2436 2376 609 564 300 1970 115321 107099 611 2719 2726 5707 33024 2815 36360 11240 19214 15065 371 356 49 27 19633 15448 173634 136551 |
TOTAL FUNDS 2023 2022 £ £ 550 0 1770 2763 2320 2763 75400 72500 3384 586 2965 803 814 622 546 307 0 90 1198 3964 1512 2089 336 496 0 1091 5327 3847 6427 6012 3262 3259 389 353 1717 751 8700 5419 2436 2376 609 564 300 1970 115321 107099 611 2719 2726 5707 33024 2815 36360 11240 19214 15065 371 356 49 27 19633 15448 173634 136551 |
|---|---|---|---|
| 2763 | |||
| 72500 586 803 622 307 90 3964 2089 496 1091 3847 6012 3259 353 751 5419 2376 564 1970 |
|||
| 107099 | |||
| 2719 5707 2815 |
|||
| 11240 | |||
| 15065 356 27 |
|||
| 15448 | |||
| 136551 |
4
PCC OF ST JAMES MALDEN LIST OF CHARITIES FOR THE YEAR ENDED 31 DECEMBER 2023
UNRESTRICTED
| OVERSEAS TOTAL Overseas HOME TOTAL Home TOTAL UNRESTRICTED RESTRICTED OVERSEAS Gaza Appeal Total Overseas HOME Christian Aid Children's Society Lent Appeal TOTAL Home TOTAL RESTRICTED TOTAL TO CHARITY |
OVERSEAS TOTAL Overseas HOME TOTAL Home TOTAL UNRESTRICTED RESTRICTED OVERSEAS Gaza Appeal Total Overseas HOME Christian Aid Children's Society Lent Appeal TOTAL Home TOTAL RESTRICTED TOTAL TO CHARITY |
|
|---|---|---|
| 0 0 |
||
| 0 | ||
| 0 | ||
| 550 | ||
| 550 806 261 703 |
||
| 1770 | ||
| 2320 | ||
| TOTAL TO CHARITY | 2320 |
5
| CHURCH RESTORATION(Pennies) | CHURCH RESTORATION(Pennies) | CHURCH RESTORATION(Pennies) | ||||
|---|---|---|---|---|---|---|
| Bal b/f | 5391.73 | |||||
| OUT | (used against new lighting) | 5391.73 | ||||
| Bal c/f | 0 | |||||
| GODLY PLAY | ||||||
| Bal b/f | 1180.00 | |||||
| Bal c/f | 1180.00 | |||||
| MUSIC FUND | ||||||
| Bal b/f | 10803.47 | |||||
| IN | ||||||
| Sub-Total | 10803.47 | |||||
| OUT | 335.63 | |||||
| Bal c/f | 10467.84 | |||||
| PIPE ORGAN | ||||||
| Bal b/f | 20.57 | |||||
| IN | ||||||
| Sub Total | 20.57 | |||||
| OUT | ||||||
| Bal c/f | 20.57 | |||||
| PIANO FUND | ||||||
| Bal b/f | 408.32 | |||||
| Bal c/f | 408.32 | |||||
| CHRISTMAS LUNCH | ||||||
| Bal b/f | 1167.95 | |||||
| Bal c/f | 1167.95 | |||||
| SOLAR ENERGY DONATION | ||||||
| Bal b/f | 4000.00 | |||||
| IN | ||||||
| Bal c/f | 4000.00 | |||||
6
Inde endent Examiner's Re ort to the PCC of St James's Church Malden This report on the financial statements of the PCC for the year ended 31 December 2023 is in respect of an examination carried out in accordance with the Church Accounting Regulations 2006 (the Regulations) and the Charities Act 2011 (the act). Respective responsibilities of the PCC and the examiner As members of the PCC you are responsible for the preparation of the financial statements; you consider that the audit requirement of the Regulations and Section 133 of the Act does not apply. It is my responsibility to issue this report on those financial statements in accordance with the ternis of the Regulations. Basis of this report My examination was carried out in accordance with the General Directions given by the Charity Commission and to be found in the Church guidance, 2006 edition. That examination includes a review of the accounting records kept by the PCC and a comparison of the accounts with those records. It also includes considering any unusual items or disclosures in the fmancial statements and seeking explanations from you as trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit, and consequently 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 (l) which gives me reasonable cause to believe that in any material respect the requirements to keep accounting records in accordance with the Act. and . to prepare fmancial statements, which accord with the accounting records and comply with the requirements of the Act and the Regulations have not been (2)t ion enti sho reached. unde eac Signed..... Dated. 2 5- Peter Chugg AMCT, ACIB 14 Motspur ParL New Malden. Surrey KT3 6PN