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 

- 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 

   - 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 

   - 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**<br>**BALANCE SHEET AT 31 DECEMBER 2023**|||
|---|---|---|
|**FIXED ASSETS**<br>48 Selwyn Road*<br>**CURRENT ASSETS**<br>Cash and Income Bonds<br>**FUNDS**<br>48 Selwyn Road<br>Income Bonds<br>Church Restoration (Pennies) (R)<br>Godly Play (R)<br>Music Fund (R)<br>Pipe Organ (R)<br>Piano Fund R)<br>Christmas Lunch (R)<br>Solar Energy Donation (R)<br>General Reserve|2023<br>£<br>375000<br>292311<br>667311<br>375000<br>10000<br>0<br>1180<br>10468<br>20<br>408<br>1168<br>4000<br>265067<br>667311|2022<br>£<br>0<br>215984|
|||215984|
|||0<br>10000<br>5392<br>1180<br>10803<br>20<br>408<br>1168<br>4000<br>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<br>**INCOMING RESOURCES**<br>From donors<br>2(a)<br>Other voluntary<br>2(b)<br>From other sources<br>2(c)<br>From Investments<br>2(d)<br>**TOTAL INCOMING RESOURCES**<br>**RESOURCES USED**<br>Grants<br>3(a)<br>Activities directly related<br>to the work of the church<br>3(b)<br>Hall Refurbishment<br>3(c)<br>Church Maintenance<br>3(c)<br>48 Selwyn Road refurbisment<br>3(c)<br>Church Administration<br>3(d)<br>**TOTAL RESOURCES USED**<br>**NET INCOME/EXPENDITURE**|**Unrestricted Restricted Endowment**<br>**Assets**<br>Funds<br>Funds<br>Funds<br>£<br>£<br>£<br>£<br>39607<br>161551<br>1841<br>46660<br>303<br>248121<br>1841<br>2320<br>114986<br>336<br>2726<br>33024<br>611<br>19633<br>170979<br>2655<br>77142<br>-814|**TOTAL FUNDS**<br>2023<br>2022<br>£<br>39607<br>45741<br>163392<br>194557<br>46660<br>62969<br>303<br>79<br>249962<br>303346<br>2320<br>2763<br>115322<br>107099<br>2726<br>5707<br>33024<br>2815<br>611<br>2719<br>19633<br>15448<br>173634<br>136551<br>76328<br>166795|**TOTAL FUNDS**<br>2023<br>2022<br>£<br>39607<br>45741<br>163392<br>194557<br>46660<br>62969<br>303<br>79<br>249962<br>303346<br>2320<br>2763<br>115322<br>107099<br>2726<br>5707<br>33024<br>2815<br>611<br>2719<br>19633<br>15448<br>173634<br>136551<br>76328<br>166795|
|---|---|---|---|
||||303346|
||||2763<br>107099<br>5707<br>2815<br>2719<br>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**<br>Tax efficient giving (inc payroll and CAF)<br>Tax recovered<br>Non Gift Aid<br>Collections (open plate)<br>**2(b)  Other voluntary income**<br>Legacies<br>Donations - Gift Aided<br>Donations - Non Gift Aided<br>Alms and Charities<br>Sacristy<br>2(c)  Income from operating activities<br>Fees<br>Church Hall<br>Christmas Market<br>Summer Fair<br>Beetle Drive<br>Quiz<br>Bibles<br>Sundries<br>Green Lane Hall<br>48 Selwyn Road - Rent<br>Music Fund<br>Pipe Organ Fund<br>2(d)  Income from investments<br>Income Bonds<br>**TOTAL INCOMING RESOURCES**|Unrestricted<br>Restricted<br>Funds<br>Funds<br>£<br>£<br>25017<br>8519<br>4752<br>1320<br>39607<br>0<br>138280<br>4720<br>18294<br>1841<br>258<br>161551<br>1841<br>2131<br>20774<br>0<br>2840<br>0<br>399<br>93<br>123<br>0<br>20300<br>0<br>0<br>46660<br>0<br>302<br>302<br>0<br>248121<br>1841|TOTAL FUNDS<br>2023<br>2022<br>£<br>£<br>25017<br>29033<br>8519<br>10550<br>4752<br>4822<br>1320<br>1335<br>39607<br>45741<br>138280<br>170555<br>4720<br>2010<br>18294<br>18933<br>1841<br>2883<br>258<br>176<br>163392<br>194557<br>2131<br>3365<br>20774<br>22114<br>0<br>665<br>2840<br>325<br>0<br>153<br>399<br>308<br>93<br>180<br>123<br>15<br>0<br>10212<br>20300<br>19800<br>0<br>4697<br>0<br>1135<br>46660<br>62969<br>302<br>79<br>302<br>79<br>249962<br>303346|TOTAL FUNDS<br>2023<br>2022<br>£<br>£<br>25017<br>29033<br>8519<br>10550<br>4752<br>4822<br>1320<br>1335<br>39607<br>45741<br>138280<br>170555<br>4720<br>2010<br>18294<br>18933<br>1841<br>2883<br>258<br>176<br>163392<br>194557<br>2131<br>3365<br>20774<br>22114<br>0<br>665<br>2840<br>325<br>0<br>153<br>399<br>308<br>93<br>180<br>123<br>15<br>0<br>10212<br>20300<br>19800<br>0<br>4697<br>0<br>1135<br>46660<br>62969<br>302<br>79<br>302<br>79<br>249962<br>303346|
|---|---|---|---|
||||45741|
||||170555<br>2010<br>18933<br>2883<br>176|
||||194557|
||||3365<br>22114<br>665<br>325<br>153<br>308<br>180<br>15<br>10212<br>19800<br>4697<br>1135|
||||62969|
||||79|
||||79|
||||303346|



3 



## **NOTES TO FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023 (Cont)** 

|**RESOURCES USED**<br>3(a)  Grants<br>Missionary and charitable giving<br>Overseas<br>Home<br>3(b)  Activities directly related to<br>the work of the church<br>Diocesan Quota<br>Vicar Expenses<br>Clergy Expenses<br>Sacristy<br>Summer Fair<br>Christmas Market<br>Organist and Choir<br>Fees and subs<br>Music Fund<br>Organ Fund<br>Utilities<br>Insurance<br>Minor Repairs/Cleaning<br>Flowers<br>Sundries<br>Hall<br>48 Selwyn Road - agents management fee<br>48 Selwyn Road - Insurance<br>48 Selwyn Road - minor repairs/maint<br>3(c) Church, Church Hall and<br>48 Selwyn Road Repairs/Maintenance<br>48 Selwyn Road<br>Hall - maintenance<br>Church - maintenance<br>3(d)  Church Administration<br>Office, printing, stationery etc<br>Bank Charges<br>Card Fees<br>**TOTAL RESOURCES USED**|Unrestricted Restricted<br>Funds<br>Funds<br>£<br>£<br>550<br>1770<br>2320<br>75400<br>3384<br>2965<br>814<br>546<br>0<br>1198<br>1512<br>336<br>0<br>5327<br>6427<br>3262<br>389<br>1717<br>8700<br>2436<br>609<br>300<br>114986<br>336<br>611<br>2726<br>33024<br>36360<br>0<br>19214<br>371<br>49<br>19633<br>0<br>170979<br>2655|TOTAL FUNDS<br>2023<br>2022<br>£<br>£<br>550<br>0<br>1770<br>2763<br>2320<br>2763<br>75400<br>72500<br>3384<br>586<br>2965<br>803<br>814<br>622<br>546<br>307<br>0<br>90<br>1198<br>3964<br>1512<br>2089<br>336<br>496<br>0<br>1091<br>5327<br>3847<br>6427<br>6012<br>3262<br>3259<br>389<br>353<br>1717<br>751<br>8700<br>5419<br>2436<br>2376<br>609<br>564<br>300<br>1970<br>115321<br>107099<br>611<br>2719<br>2726<br>5707<br>33024<br>2815<br>36360<br>11240<br>19214<br>15065<br>371<br>356<br>49<br>27<br>19633<br>15448<br>173634<br>136551|TOTAL FUNDS<br>2023<br>2022<br>£<br>£<br>550<br>0<br>1770<br>2763<br>2320<br>2763<br>75400<br>72500<br>3384<br>586<br>2965<br>803<br>814<br>622<br>546<br>307<br>0<br>90<br>1198<br>3964<br>1512<br>2089<br>336<br>496<br>0<br>1091<br>5327<br>3847<br>6427<br>6012<br>3262<br>3259<br>389<br>353<br>1717<br>751<br>8700<br>5419<br>2436<br>2376<br>609<br>564<br>300<br>1970<br>115321<br>107099<br>611<br>2719<br>2726<br>5707<br>33024<br>2815<br>36360<br>11240<br>19214<br>15065<br>371<br>356<br>49<br>27<br>19633<br>15448<br>173634<br>136551|
|---|---|---|---|
||||2763|
||||72500<br>586<br>803<br>622<br>307<br>90<br>3964<br>2089<br>496<br>1091<br>3847<br>6012<br>3259<br>353<br>751<br>5419<br>2376<br>564<br>1970|
||||107099|
||||2719<br>5707<br>2815|
||||11240|
||||15065<br>356<br>27|
||||15448|
||||136551|



4 



**PCC OF ST JAMES MALDEN LIST OF CHARITIES FOR THE YEAR ENDED 31 DECEMBER 2023** 

## **UNRESTRICTED** 

|OVERSEAS<br>TOTAL Overseas<br>HOME<br>TOTAL Home<br>**TOTAL UNRESTRICTED**<br>**RESTRICTED**<br>OVERSEAS<br>Gaza Appeal<br>Total Overseas<br>HOME<br>Christian Aid<br>Children's Society<br>Lent Appeal<br>TOTAL Home<br>**TOTAL RESTRICTED**<br>**TOTAL TO CHARITY**|OVERSEAS<br>TOTAL Overseas<br>HOME<br>TOTAL Home<br>**TOTAL UNRESTRICTED**<br>**RESTRICTED**<br>OVERSEAS<br>Gaza Appeal<br>Total Overseas<br>HOME<br>Christian Aid<br>Children's Society<br>Lent Appeal<br>TOTAL Home<br>**TOTAL RESTRICTED**<br>**TOTAL TO CHARITY**||
|---|---|---|
|||0<br>0|
|||0|
|||0|
|||550|
|||550<br>806<br>261<br>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