## 2023 

**Trustees Annual Report and Financial Report** 


The Ecclesiastical Parish of Durrington in the Diocese of Chichester Charity Registration Number 1134809 



## **Trustees Annual Report and Financial Report** 

## **of** 

**The Parochial Church Council of the Ecclesiastical Parish of DURRINGTON** 

## **St Symphorian** 

## **St Symphorian’s Church, Durrington Hill, BN13 2PU** 

Registered Charity no.1134809 

## **For the year ended 31st December 2023** 

## **CONTENTS** 

|**Page**||
|---|---|
|**_1_**|**Trustees annual report**|
|**_1_**|**Statement of financial activities**|
|**_2_**|**Balance sheet**|
|**_3_**|**Notes to the accounts**|
|**_13_**|**Report of the independent examiner**|
|Website:|www.stsymphorians.co.uk|
|Incumbent:|In vacancy|
|Independent|Andrew Carter ACMA|
|examiner:|Financial Director, CKC Controls Ltd|
|Bankers:|Charity Aid Foundation (CAF) Bank Churches,|
||Charities and Local Authorities (CCLA)|
||Lloyds Bank PLC|





## **St Symphorian’s Church, Durrington Trustees Annual Re ort for 2023 p** 

## **Our aims and purposes as a charity** 

Durrington Parochial Church Council (PCC) has the responsibility of cooperating with the Vicar, Fr Robert Norbury (until November 2023) in promoting in the ecclesiastical parish, the whole mission of the Church, pastoral, evangelistic, social, and ecumenical. 

The PCC is also specifically responsible for the maintenance of St Symphorian’s Church and the Parish Centre. 

We are also responsible for our property in Vancouver Close, which is privately let. 

## **What we planned to do to achieve our charitable objectives** 

When planning our activities for the year, the PCC considered the Charity Commission’s guidance on public benefit and, in particular, the specific guidance on ‘charities for the advancement of religion’. 

The council has complied with the duty under section 5 of the Safeguarding and Clergy Discipline Measure 2016, fully recognising its duty to have due regard to House of Bishops' guidance on safeguarding children and vulnerable adults. 

For 2023 we planned the following objectives and activities to fulfil our aims: 

- Enabling as many people as possible to worship at our church 

- Enabling as many people as possible to become part of our parish community 

- Teaching, baptising and nurturing new and existing believers 

- Maintaining an overview of worship throughout the parish 

- Considering how services can involve the many groups that live within the parish 

- Putting faith into practice, through prayer and scripture, music and sacrament 

- Offering worship and prayer, learning about the Gospel, in small group situations 

- Promoting the gospel and assisting people from all walks of life to find life in Jesus Christ 

- Providing pastoral care for people living in the parish 

- Providing assistance to the poor and needy of the parish 

- Giving in accordance with our charitable objectives 

- Reaching out to the wider community through social events and activities 

- Maintaining the fabric of the church and the Parish Centre as a place of worship and for the community to enjoy. 

## **What we achieved and how we affected beneficiaries’ lives** 

## _**Attendance at worship**_ 

The church family welcomes visitors from within as well as outside the parish boundary, visitors attend by personal choice, and it is a great pleasure to welcome anyone from all walks of life to take part in the life of the church. We can attest that the voluntary attendance to worship the Lord Jesus Christ is a major demonstration of the public benefit of our activities. 

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Over the course of the year we had an average regular congregation of 60 people attending Sunday Mass and public worship. 

We look to encourage the deepening of faith for all ages, and, alongside the provision of the Mass, there is a programme of worship for young people which includes children’s church, craft mornings with a regular Pram and Toddler Group open to all in the community.  We have also had parade mass for the First Durrington Scouts together with local Brownies, Guides and Rangers. 

The 2023 Lent course was held twice weekly to give the opportunity of all to attend aiming to encourage discussion and a deeper understanding of our beliefs by looking at the experiences of others. 

The Holy Week and Easter liturgies were observed with good numbers in the congregations, which had continued to return to pre-COVID numbers. 

In August we celebrated our Patronal Festival, with our annual gathering in the vicarage garden for a parish barbecue. 

Over our Easter Celebrations we had 111 people attending what is a joyous time of the year and also the children were involved in maintaining the tomb and Easter garden in the church. 

Christmas is a very special time of celebration and many sections of the community come together to join in the services. During Advent over 600 attendees came to our various services and concerts. The Christingle Service, with contributions from our local Guiding Units. St Barnabas, Turning Tides, the Alzheimer Society and the Laurels school having held their individual carol services in the church. 

Our traditional Carol Service and Christmas Eve Crib Service, were well attended over 180 people present.  Midnight Mass and Christmas Day Mass were celebrated with congregations of 79 people. 

## _**Teaching, baptising and nurturing new and existing believers**_ 

In 2023 there was 1 wedding; 4 funerals conducted for _We have really enjoyed the_ parishioners and 15 baptisms. _Mothering Sunday Service.  Nice and welcoming service. AP_ 

Nurture courses run in 2023 included the Diocesan Lent course, ‘Reflecting the year of the Old Testament”. 

The Annual pilgrimage to Walsingham resumed after the “Covid “break and included a number of new pilgrims who had not been before and who found the experience enlightening and rewarding. 

## **Evangelism and outreach** 

Our Summer and Christmas fairs were very successful and proved to be a good opportunity for outreach to the wider community. During the year the You Group, Book Club and the Pram and Toddler Group continued to meet in our church hall, together with other regular users. 

We have had a number of social and fundraising events and in particular we have had full houses at the Ronnie Smith Big Band concerts. These events also help to highlight our presence in the local community and bring in much needed funds. 

Our Mission Action Plan continues to move forward albeit slowly and is being kept under review. 

Although the links with the three schools in the parish need to be encouraged, we were able to welcome the Laurels who came on a school visit to the church and in December held their carol service. Our ‘Authorised Lay Minister’ is liaising with the Laurels, and it is encouraging for them to join in with us. 

We have continued to produce the monthly parish magazine and endeavour to let as many people as possible have copies. A weekly mailshot is sent out to keep people appraised of what we are doing as well as Facebook and our website which gives access to the wider community. 

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The popular craft mornings are regularly held in the church with take away bags of the crafts also available should families prefer to take them home rather than work in the building. These craft mornings are attended by many families from the wider community who would rarely have any contact with the church and it is encouraging to find that with these interactions we do raise an interest in our activities. 

## _**Provision of the church buildings for people to enjoy**_ 

Both the parish centre and the church are available for lettings.  The parish centre has one of the largest halls available in the locality, together with a smaller hall.  Both halls are used for a variety of events both our own and others from the area including Our Pram & Toddler Group together with a number of regular hirers such as keep fit, martial arts, Rangers, Brownies.  There in addition continual requests for ad hoc children and family parties and meetings. 

These activities do bring people from the wider community into our environment, and it is good to see people being able to socialise, enjoy themselves and be involved in activities and entertainment which is inexpensive or free.   Having the opportunity for people of all walks to gather and meet socially provides an occasion to interact and get to know other members of the community and, for some, helps to combat issues such as loneliness and other problems.  Some good friendships, both personal and with the Parish, have also been formed over time. 

The Church is also used for social gatherings. It is used regularly by a swing band for their rehearsals and concerts and is available for other events.  During the year a new regular monthly dementia choir now meets in the church to sing and socialise.   Once again this brings in members of the public who would never dream of coming into a church and finding that it is normal and welcoming. 

## **Spatial reordering of the church buildings and future projects** 

Following a substantial amount of works in the previous few years we are having to look forward.  When possible, we still plan to demolish the old disused boiler house for which planning permission has already been granted. 

“The Big Build” project for the hall is progressing slowly.   As stated in last year’s report, the hall complex, is nearing its centenary, The main priority is replacing the roof, for which we need to raise a considerable sum for the necessary works. In 

_We love the craft mornings.  The children have so much to do.  It is also great that you can complete the crafts at home if you wish. BS_ 

addition to our own fundraising efforts, including the sponsoring of roof tiles, we are in the process of applying for grant opportunities.  Local community support and engagement in this project will help to secure grants. 

## _**Provision of pastoral care for people living in the parish**_ 

Pastoral care and support is offered for all those living in the parish and the Clergy is assisted by the Ministers of Communion who take the sacrament regularly to those who are housebound or in hospital. 

## _**Other charitable giving**_ 

During 2023 the PCC continued its support for charitable giving by restricting 10% of social and fundraising profit to be distributed to charity.  With this in mind, £300 was given from this fund to both the Diocesan Harvest Appeal and the Diocesan Family Support.  In addition, a number of appeals raised funds totalling £2,483 for a range of charities including Christian Aid, Imara Uganda Education, The Children’s Society, St Barnabas House, Macmillan Cancer Support, SHOUT (Worthing Soup 

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Kitchen) and Dementia Hub.  The PCC also supported the charities through allowing the free use of the church buildings.  This would have equated to £3,305 of hire charges. 

## **Financial Review** 

## _**Incoming and outgoing resources**_ 

Total receipts on general unrestricted funds received were £79,890, a 10% reduction from the previous year.  The total expenditure on general unrestricted were £101,765 for the same period; an increase of 2%.  All income and expenditure are detailed in the Financial Report. 

The planned giving though the Parish Giving Scheme, envelopes and banker’s orders slightly decreased in 2023. Our total voluntary income including tax recovered, but excluding legacies, reduced by 4%. 

## _**Sharing the ministry costs of the Diocese of Chichester**_ 

The largest single expenditure of the PCC in 2023 was the sum of £43,337 paid to the diocese for our share of all churches’ Parish Ministry Costs. This year’s the contribution from Durrington PCC amended to a reduced share due to Fr Robert taking on more diocesan responsibilities and reduced parochial work.  This meant that we paid 85% of the suggested Parish Share for the year and a 12.61% in the contribution to Parish Ministry Costs. 

_I really like coming here to see all the lights and candles and meet all the lovely people. MF (Aged5)_ 

The total relates directly to the housing, support, stipend and pension costs of the clergy of this parish, training of new ordinands, a contribution to national church funds and shared costs of the Christian family throughout the whole diocese, including assistance towards the upkeep of churches less able to manage than ourselves. 

## _**Staff costs**_ 

The PCC pays for a Parish Administrator a Premises Manager and an organist as well as a verger for weddings and funerals. 

Further details are provided in the notes to the accounts. 

## _**Trustee payments and expenses**_ 

The PCC also supported the clergy by paying Council Tax of £3,067, water and environmental charges amounting to £285 for the Vicarage plus other annual costs towards travel, hospitality, telephone, postage and broadband amounting to £672. 

Four trustees received £2,377 for purchases made on behalf of the PCC. 

There were no payments to persons related to or connected to the trustees. 

## _**Repairs to the fabric of the church buildings**_ 

In accordance with the trust deed of the Sharp Fund, the PCC has used the interest from the capital investment to improve the church building.  During 2023 permission has been sought to demolish the old boiler house situated on the north side of the vestry.  This project will hopefully be fulfilled in 2024 using the interest from the Sharp Investments 

The state of the Parish Centre continues to be of concern.  The specification to replace the Church Hall Roof has been written and Planning Permission for the project approved.  At present the PCC has approximately 30% of the necessary funds in order to complete this project.  The focus is now on fund raising and grant opportunities. 

During 2023 Vancouver Close has been rented.  There have been no repairs required during this period, although the regular maintenance has been undertaken. 

## **Why we hold some money in reserve?** 

It is PCC policy to maintain a balance on the general unrestricted funds (excluding property) which equates to approximately two months’ worth of unrestricted payments as contingency against 

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unforeseen situations.  The closing balance of £6,523 this year did not achieve this, although we still expect to have sufficient cash flow to continue to pay bills when they fall due. 

It is PCC policy to invest temporarily surplus general funds with the CAF Gold account, returning proportionately these funds to our current account, as they are needed, to pay day-to-day bills. This year £418.33 was invested temporarily as at 31[st] December. 

As well as holding the above general reserves, from time to time the PCC receives restricted legacies for expenditure on restricted purposes, defined by the donor. We aim to expend such money as soon as possible after receiving the legacy, depending on the specific objectives of the donor. Where we have identified that the specific purpose can only be achieved by delaying the expenditure, we invest the legacy temporarily until the need for expenditure is identified. 

## **Management of risks and their mitigation** 

The PCC has an ongoing task of reviewing the major risks which impact on the work of the church in the parish. The usual PAT testing and fire extinguisher checks have been carried out. 

The PCC consider that the principal risks and uncertainties are: 

- The health and safety around the church building, in particular the unauthorised access to the lower roofs and the old boiler house.  There is potential for serious injury to anyone who access these areas without due care.  These areas have been highlighted in the quinquennial report as needing attention. 

   - _St Symphorian’s is a warm, positive and friendly community. We have been welcomed with such love.  A truly special place. JF_ 

- The need to fund unexpected costs associated with the Parish Centre due to its deteriorating condition. 

- An unexpected fall in income, particularly given the dependence of the church on a limited number of major regular donors and the reduction in regular hall lettings and occasional hirers. 

- The requirement to find volunteers with the appropriate skills, time and commitment to support the ministry of the congregation. 

- Reliance upon the Diocese to continue to provide financial support whilst we work towards paying our full Parish Share for clergy ministry. 

The PCC seeks to manage these risks and uncertainties by regularly reviewing its Mission Action Plan and its plans for the use of the church buildings. We aim to maintain our properties to a high standard and carry out the priority items of a quinquennial review in a timely manner. 

Stewardship is regularly highlighted to emphasise God's generosity to the congregation and encourage the congregation to respond to that generosity in their giving through time, talents and money, as they are able.  We aim to diversify income from letting the hall and plan to manage more effectively hiring out the church building to external parties once the re-ordering has taken place. 

## **Future uncertainties** 

The increase in cost of living is of major concern to the PCC.  Increased prices, coupled with parishioners’ own financial circumstances being squeezed, means that giving for the coming year maybe uncertain.  The state of the church hall also means that income from this asset will continue to be restricted until progress can be started on updating the facilities with specific focus on the water ingress, heating and the general appearance of the facility. 

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## **Structure, governance and management of the charity** 

The Parochial Church Council (PCC) is registered with the Charity Commission as required by the Charities Act 2011. Its governing document is the Parochial Church Councils (Powers) Measure 1956. During the year the following served as members of the Parochial Church Council: 

_Ex Officio members_ 

Incumbent: The Revd Robert Norbury Chairman (Until November) Churchwardens: Mr Malcolm Brett Vice Chairman Mrs Paule Harper _Elected Members_ Mrs Jane Winter Treasurer Mrs Diana Smith PCC Secretary (until March) Mrs Lynne Noble Danischevsky PCC Secretary (from March) Mrs Viv McPherson Mr Peter McCallum Mrs Carole Brockhurst Mr Andrew Griffiths (until September) Mrs Sandra Brett Mr Dave McPherson _Deanery Synod_ Mrs Yvonne Austin Mr Matt Thorpe 

Membership of the PCC is determined under the Church Representation Rules and consists of certain ex-officio members (the incumbent/priest-in-charge, curate, lay readers licensed to officiate in the church), the churchwardens and members of the Deanery, Diocesan or General Synods and 8 members of the church who are elected at the Annual Parochial Church Meeting (APCM).  Members are warmly encouraged to stand for election to the PCC and we try to ensure a balance of skills and experience where possible. 

This Trustees’ Annual Report was **approved** by the PCC and signed on their behalf by Malcolm Brett, Vice Chairman 

……………………………………………………………………………… 

27[th] February 2024 

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## **Annual Financial Report** 

## **of** 

**The Parochial Church Council of the Ecclesiastical Parish of** 

**St Symphorian’s Church, Durrington St Symphorian’s, Durrington Hill, Worthing BN13 2PU** 

Registered Charity no. 1134809 

**For the year ended 31st December 2023** 

## **CONTENTS** 

|**Page**||
|---|---|
|**_1_**|**Statement of financial activities**|
|**_2_**|**Balance sheet**|
|**_3_**|**Notes to the accounts**|
|**_13_**|**Report of the independent examiner**|





## **St Symphorian’s Church, Durrington** _registered charity number 1134809_ **Statement of Financial Activities** 

The financial effect of our activities during the year can be summarised as follows 

## **Statement of Financial Activities** 

||**Unrestricted**<br>**Fund**|**Restricted**<br>**Fund/s**|**Restricted**<br>**Fund/s**|**Endowed**<br>**Fund/s**|**Endowed**<br>**Fund/s**|**Total Funds**<br>**2023**|_Total Funds_<br>_2022_<br>**_Notes_**|
|---|---|---|---|---|---|---|---|
|**Income and endowments from:**<br>Donations and legacies<br>Charitable activities<br>Other trading activities<br>Investments<br>Other receipts|**£**<br>38,149<br>1,991<br>21,107<br>31<br>18,611||**£**<br>11,543<br>1,031<br>-<br>25,910<br>4,170||**£**<br>-<br>-<br>-<br>-<br>-|**£**<br>**49,693**<br>**3,022**<br>**21,107**<br>**25,941**<br>**22,781**|_£_<br>_52,932_<br>_2,690_<br>_27,744_<br>_24,456_<br>_23,782_|
|**Total income**|**79,890**||**42,654**||**-**|**122,544**|_131,603_<br>_2_|
|**Expenditure on:**<br>Raising funds<br>Charitable activities<br>Other trading activities<br>Other expenditure|-<br>84,190<br>17,575<br>-||-<br>24,947<br>1,348<br>-||-<br>-<br>-<br>-|**-**<br>**-**<br>**109,137**<br>**18,923**<br>**-**|**_-_**<br>_-_<br>_92,383_<br>_21,536_<br>_-_|
|**Total expenditure**|**101,765**||**26,295**||**-**|**128,060**|_113,920_<br>_3_|
|Net gains (or losses) on investments|**-**||**-**||**62,378**|**62,378**|_(100,152)_|
|**Net income or (net expenditure)**|**(21,875)**||**16,359**||**62,378**|**56,862**|_(82,468)_|
|**Transfers between funds**<br>**Other recognised gains/(losses):**<br>Gains/(losses) on revaluation of fixed<br>assets<br>Other gains/(losses)<br>_Reconciliation of funds:_|**-**||**-**||**-**|**-**|_-_<br>_10_|
||(21,875)<br>-<br>-||16,359<br>-<br>-||62,378<br>-<br>-|56,862<br>**-**<br>**-**|_(82,468)_<br>_-_<br>_11_<br>_-_|
|**Net movement in funds**|**(21,875)**||**16,359**||**62,378**|**56,862**|_(82,468)_|
|Total funds brought forward|500,402||13,770<br>797,829<br>1,312,002||||_1,394,470_|
|**Total funds carried forward**|**478,527**||**30,129**|**860,207**||**1,368,864**|_1,312,002_|



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## **St Symphorian’s Church, Durrington** _registered charity number 1134809_ **Balance Sheet** 

Our financial position and summary of funds at the year end were 

## **Balance Sheet** 

|**Balance Sheet**||||
|---|---|---|---|
||**Total Funds**<br>**2023**|_Total Funds_<br>_2022_|**_Notes_**|
|Intangible assets<br>Tangible assets<br>Heritage assets<br>Endowed investments|**£**<br>**-**<br>**461,475**<br>**-**<br>**813,212**|_£_<br>_-_<br>_481,012_<br>_-_<br>_750,833_||
|**Total fixed assets**|**1,274,687**|_1,231,845_|_11_|
|Stocks<br>Debtors<br>Investments<br>Cash at bank and in hand|**-**<br>**-**<br>**-**<br>**96,967**|_-_<br>_-_<br>_-_<br>_83,081_|_14_|
|**Total current assets**|**96,968**|_83,081_||
|Creditors: Amounts falling due within one year|(2,791)|_(2,925)_|_15_|
|**Net current assets or (liabilities)**|**94,177**|_80,156_||
|**Total assets less current liabilities**<br>Creditors: Amounts falling due after more than one year<br>Provisions for liabilities|**1,368,864**<br>**-**<br>**-**|_1,312,002_<br>_-_<br>_-_|_16_|
|**Total net assets or (liabilities)**|**1,368,864**|_1,312,002_||
|**The funds of the charity:**<br>Endowment funds<br>Restricted income funds|**860,208**<br>**30,130**|_797,829_<br>_13,771_||
|Unrestricted funds<br>Revaluation reserve|**478,527**|_500,402_||
|**Total unrestricted funds**|**478,527**|_500,402_||
|||||
|**Total charity funds**|**1,368,864**|_1,312,002_|18|



This Trustees’ Annual Accounts was **approved** by the PCC and signed on their behalf by Malcolm Brett, Vice Chairman 

……………………………………….……………………….. 

Date: 27[th] February 2024 

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**St Symphorian’s Church, Durrington** _registered charity number 1134809_ **Notes to the Financial Report** 

## **1 Accounting policies** 

## **Basis of preparation** 

The PCC is a public benefit entity within the meaning of FRS102. The financial statements have been prepared under the Charities Act 2011 and the Church Accounting Regulations 2006, in accordance with applicable accounting standards and the current Statement of Recommended Practice, Accounting and Reporting by Charities, (SORP (FRS 102)). 

The financial statements have been prepared under the historical cost convention. The financial statements include all transactions, assets and liabilities for which the PCC is responsible in law.  They do not include the accounts of church groups that owe their affiliation to another body, nor those which are informal gatherings of church members 

## **Funds accounting** 

Funds held by the PCC are: 

_Unrestricted funds_ - general funds which can be used for PCC ordinary purposes 

_Designated funds_ - monies set aside by the PCC out of unrestricted funds for specific future purposes or projects 

_Restricted funds_ - a) income from trusts or endowments which may be expended only on those restricted objects provided in the terms of the trust or bequest; b) donations or grants received for a specific object or invited by the PCC for a specific object.  The funds may only be expended on the specific object for which they were given.  Any balance remaining unspent at the end of the year is carried forward as a balance on that fund 

_Endowment funds_ - funds for which the capital must be maintained; only income arising from the investment of the endowment may be used, either as restricted or unrestricted funds, depending on the purpose set out in the terms of the original endowment 

## **Income and endowments** 

All income and endowments, accounted for without deduction for any costs of receivability, are recognised when there is evidence of entitlement, receipt is probable, and the amount can be measured reliably 

## **Donations and legacies** 

_Collections_ are recognised when received. 

_Planned giving receivable_ is recognised when there is evidence of entitlement, receipt is probable, and the amount accords with the Gift Aid declaration or other record of intention to donate 

_Gift aid recovered_ is recognised when the income to which it is attached is recognised 

_Grants and legacies_ are recognised when the formal offer in writing of the funding, is received by the PCC 

## **Charitable activities** 

Statutory fees for weddings and funerals are recognised when the office occurs 

## **Other trading activities** 

Trading activities are where income is receivable in return for selling goods or providing services.  Income from trading is recognised either: a - when received, or b - in the case of concerts: for the year in which the event occurs, irrespective of date of receipt. Advance bookings are included in creditors until the concert has taken place 

Sales of magazines and study notes are recognised when received 

Rents from property are recognised in accordance with the rental agreements, when receipt is probable 

## **Investment income** 

Dividends are accounted for when due and payable. Interest entitlements are accounted for as they accrue 

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**St Symphorian’s Church, Durrington** _registered charity number 1134809_ **Notes to the Financial Report** 

## **All other income** 

All other income is recognised in accordance with the above overall policy 

## **Gains and losses on investments** 

Realised gains are recognised when the investments are sold 

Unrealised gains and losses are accounted for on revaluation at 31st December 

## **Expenditure** 

Expenditure is recognised when there is evidence of entitlement, payment is probable, and the amount can be measured reliably 

## **Grants** 

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

## **Church activities** 

The diocesan parish contribution is accounted for on an annual basis, reflecting the allocation set by our Deanery.  Any parish contribution unpaid at 31st 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 

## **Fixed assets** 

## _Tangible fixed assets_ 

Consecrated and beneficed property of any kind is excluded from the accounts by s.10(2) of the Charities Act 2011. 

Movable church furnishing held by the Vicar and Churchwardens on special trust for the PCC and which require a faculty for disposal, are accounted as inalienable property unless consecrated.  They are listed in the church's inventory which can be inspected but are not included in the financial statements. For other property acquired prior to _2007_ there is insufficient cost information available and therefore the cost of such assets is stated at a nominal £1 in the financial statements 

All expenditure on consecrated or beneficed buildings and individual items costing under £1,000 are written off in the year they were incurred 

## _Depreciation_ 

Depreciation is calculated to write down the cost of tangible fixed assets, excluding freehold properties, over their expected useful lives.  The rates generally applicable are: 

|Land|Nil|
|---|---|
|Buildings|Nil|
|Fixtures and fittings|20%|
|Audio visual equipment|33%|
|Office equipment|25%|



No depreciation is provided on freehold buildings as the useful economic life of these assets exceeds 50 years and residual values so high that potential depreciation would be immaterial.  It is the PCC's policy to maintain these assets in a continual state of sound repair.  Resulting from regular impairment reviews, provision will be made if there has been any permanent diminution in value 

## **Investments** 

Investments are stated at market value at the balance sheet date 

## **Current Assets** 

Amounts owing to the PCC at 31st December in respect of fees, rents or other income are shown a debtors, less provision for amounts that may prove uncollectible 

Short-term deposits include cash held on deposit either with the CBF Church of England Funds, or at the bank 

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**St Symphorian’s Church, Durrington** _registered charity number 1134809_ **Notes to the Financial Report** 

## **Notes to the financial report (continued)** 

## **Analysis of income and endowments** 

|**Analysis of income and endowments**|||||||
|---|---|---|---|---|---|---|
||**Unrestricted**<br>**Fund**|**Restricted**<br>**Fund/s**||**Total Funds**<br>**2023**|_Total Funds_<br>_2022_|**_Notes_**|
|Planned giving (excl. tax refunds)<br>Planned giving (no tax refunds)<br>Loose cash collections<br>Social and Fundraising<br>Other Special appeals<br>Gift Aid recoverable<br>Legacies<br>Grants|£<br>23,485<br>2,746<br>3,365<br>2,535<br>1,374<br>8,158<br>-<br>-|<br> <br>|£<br>360<br>5,788<br>718<br>1,164|**£**<br>**23,485**<br>**2,746**<br>**3,725**<br>**2,535**<br>**7,162**<br>**8,876**<br>**-**<br>**1,164**|_£_<br>_5,806_<br>_21,383_<br>_1,815_<br>_1,879_<br>_4,966_<br>_6,415_<br>_-_<br>_10,668_||
|**Donations and legacies**|**£41,663**||**£8,030**|**£49,693**|**£52,932**||
|Fees for weddings & funerals|1,991||1,031|**3,022**|_2,690_||
|**Charitable activities**|**£1,991**||**£1,031**|**£3,022**|_£2,690_||
|Social and Fundraising Events<br>Rent from letting of Parish house<br>Church centre hiring fees<br>Café and Bar Sales<br>Magazine advertisement fees|3,536<br>-<br>14,058<br>-<br>-|<br> <br>|3,513<br>-|**7,049**<br>**-**<br>**14,058**<br>**-**<br>**-**|_6,360_<br>_-_<br>_21,354_<br>_-_<br>_30_||
|**Other trading activities**|**£17,594**||**£3,513**|**£21,107**|_£27,744_||
|Bank & CBF deposit interest<br>CBF investment fund dividend|31<br>-||25,910<br>-|**25,941**<br>**-**|_24,456_<br>_-_||
|**Investments**|**£31**|**£25,910**||**£25,941**|_£24,456_||
|Other receipts|18,611|4,170||**22,781**|_23,782_||
|**Total income and endowments on all funds**|**£79,890**|**£42,654**||**£122,544**|_£131,603_||



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## **St Symphorian’s Church, Durrington** 

## _registered charity number 1134089_ 

## **Notes to the Financial Report** 

## **3 Analysis of expenditure** 

|**3 Analysis of expenditure**|||||||
|---|---|---|---|---|---|---|
||**Unrestricted**<br>**Fund**|**Restricted**<br>**Fund/s**||**Total Funds**<br>**2023**|_Total Funds_<br>_2022_|**_Notes_**|
|Stewardship costs<br>Other fundraising costs|£<br>-<br>-|<br>|£|**£**<br>**-**<br>**-**|_£_<br>_-_<br>_-_||
|**Cost of raising funds**|**-**||**-**|**-**|_-_||
|Charitable grants and donations<br>Mission & Evangelism costs<br>Diocesan parish share<br>Clergy and other people's expenses<br>Salaries and honoraria incl NI<br>Church running costs<br>Church maintenance and repair<br>Upkeep of churchyard<br>Miscellaneous<br>Financing<br>Bank charges<br>Depreciation<br>Governance|3,330<br>2,798<br>43,337<br>4,229<br>9,178<br>1,722<br>-<br>-<br>-<br>-<br>60<br>19,536<br>-|<br> <br> <br> <br> <br>|3,083<br>4,948<br>-<br>504<br>11,163<br>4,762<br>488|**6,413**<br>**7,746**<br>**43,337**<br>**4,229**<br>**9,682**<br>**12,885**<br>**4,762**<br>**488**<br>**60**<br>**19,536**|_6,628_<br>_7,246_<br>_38,483_<br>_3,773_<br>_5,970_<br>_8,081_<br>_1,936_<br>_650_<br>_81_<br>_19,536_|_4_|
|**Cost of charitable activities**|**£84,190**|**£24,947**||**£109,137**|£92,383||
|Social and Fundraising costs<br>Church hall running costs<br>Other trading costs|2,894<br>9,259<br>5,422|-<br>294<br>1,054||**2,894**<br>**9,553**<br>**6,476**|_2,532_<br>_13,056_<br>_5,949_||
|**Cost of other trading activities**|**£17,575**|**£1,348**||**£18,923**|_£21,536_||
||||||||
|**Total expended on all funds**|**£101,765**|**£26,295**||**£128,060**|_£113,920_||



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## **St Symphorian’s Church, Durrington** _registered charity number 1134809_ 

## **Notes to the Financial Report** 

## **4 Missionary and charitable giving** 

||**Unrestricted**<br>**Fund**|**Restricted**<br>**Fund/s**|**Restricted**<br>**Fund/s**|**Total Funds**<br>**2023**|_Total Funds_<br>_2022_|**_Notes_**|
|---|---|---|---|---|---|---|
|**Overseas:**<br>_Imara Uganda Education Fund_<br>_Christian Aid_<br>_DEC_<br>_Afghanaid_<br>**Home:**<br>_St Barnabas Hospice_<br>_Children's Society_<br>_Family Support_<br>_British Legion_<br>_Food Bank_<br>_Dementia Hub_<br>_Diocesan Harvest Appeal_<br>_Macmillan_<br>_Other Charitable Giving_|£<br>25<br>3,305|<br>|£<br>745<br>406<br>99<br>-<br>190<br>310<br>300<br>105<br>456<br>300<br>171|**£**<br>**745**<br>**406**<br>**99**<br>**-**<br>**190**<br>**310**<br>**300**<br>**25**<br>**105**<br>**456**<br>**300**<br>**171**<br>**3,305**|_£_<br>_1,023_<br>_163_<br>_484_<br>_186_<br>_150_<br>_255_<br>_324_<br>_25_<br>_-_<br>_-_<br>_-_<br>_-_<br>_4,019_||
||**3,330**||**3,083**|**6,413**|_6,628_||



## **5 Staff costs** 

|**5 Staff costs**|||||||
|---|---|---|---|---|---|---|
||**Unrestricted**<br>**Fund**|**Restricted**<br>**Fund/s**||**Total Funds**<br>**2023**|_Total Funds_<br>_2022_|**_Notes_**|
|**Remuneration**<br>_Wages and salaries_<br>_Employer social security costs_<br>_Employer pension costs_|£<br>9,178||£<br>504|**£**<br>**9,682**<br>**-**|_£_<br>_5,970_<br>_-_||
||**9,178**||**504**|**9,682**|_5,970_||



## **6 Payments to PCC members** 

Payments were made to PCC members in the year for reimbursement of expenses incurred on behalf of the PCC: 

a) Clergy support: Council tax £3,067, Water and environmental charges amounting to £285 for the Vicarage plus other annual costs towards travel, hospitality, telephone, postage and broadband amounting to £672. 

b) 4 other trustees received £2,377 for purchases made on behalf of the PCC. 

No person received remuneration in excess of £60,000. 

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**St Symphorian’s Church, Durrington** _registered charity number 1134809_ **Notes to the Financial Report** 

## **7 Transactions with persons related to PCC members** 

Payments totalling £3,409 have been made to persons related to PCC members. 

## **8   Transactions with related charities** 

There are no related charities to be the church. 

## **9   Governance** 

|**9   Governance**||||||||
|---|---|---|---|---|---|---|---|
||**Unrestricted**<br>**Funds**||**Restricted**<br>**Fund/s**||**Total Funds**<br>**2023**|_Total Funds_<br>_2022_|**_Notes_**|
|_Independent examination_<br>_Accounts production_<br>_Bookkeeping_||£||£|**£**<br>**-**<br>**-**<br>**-**|_£_<br>_-_<br>_-_<br>_-_||
|||**-**||**-**|**-**|_-_||



## **10 Transfers between funds** 

|**10 Transfers between funds**||||||||
|---|---|---|---|---|---|---|---|
||**Unrestricted**<br>**Funds**||**Restricted**<br>**Fund/s**||**Total Funds**<br>**2023**|_Total Funds_<br>_2022_|**_Notes_**|
|_General Fund_<br>_Sharp Income_||£<br>-||£<br>-|**£**|_£_<br>_58245_<br>_(58,245)_||
|||**-**||**-**|**-**|_-_||



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**St Symphorian’s Church, Durrington** _registered charity number 1134809_ **Notes to the Financial Report** 

## **11 Fixed assets** 

## **a  Investments** 

|**a  Investments**|||||||
|---|---|---|---|---|---|---|
||**Unrestricted**<br>**Fund**|**Restricted**<br>**Fund/s**||**Endowed**<br>**Fund/s**|**Total Funds**<br>**2023**|**_Notes_**|
|Market value 1 January 2023<br>Disposals at carrying value<br>Purchases at cost<br>Net gains and revaluation|£<br>-<br>-<br>-<br>-||£<br>-<br>-<br>-<br>-|£<br>750,833<br> <br> <br>62,378|**£**<br>**750,833**<br>**-**<br>**-**<br>**62,378**||
|**Market value 31 December 2022**|**-**||**-**|**£813,211**|**£813,211**||



The PCC hold the Sharp Investment which comprises of 40,723.24 units in a property investment and 33,767.38 in a saving investment. These investments are held by Chichester Diocese on our behalf. 

## **b  Tangible fixed assets** 

|**b  Tangible fixed assets**|||||||||
|---|---|---|---|---|---|---|---|---|
|||**Freehold land**<br>**and buildings**||**Church**<br>**equipment**||**Office**<br>**equipment**|**Total fixed**<br>**assets**|**_Notes_**|
|**Cost or valuation**<br>At 1 January 2023<br>Additions<br>Disposals<br>Revaluation||£<br>522,681||£<br>5,521||£<br>1,052|**£**<br>**529,254**||
||||||||-<br>**-**<br>**-**||
|At 31 December 2023||**522,681**||**5,521**||**1,052**|**529,254**||
|**Charge for impairment**<br>At 1 January 2023<br>Additions<br>Disposals<br>Revaluation||(41,670)<br>(19,536)<br>-<br>-|<br>|(5,521)||(1,052)|**(48,243)**<br>**(19,536)**<br>**-**<br>**-**||
|At 31 December 2023||**(61,206)**||**(5,521)**||**(1,052)**|**(67,779)**||
|**Net book amounts**<br>**At 31 December 2023**||**461,475**||**-**||**-**|**461,475**||
|_At 31 December 2022_||_481,012_||_-_||_-_|_481,012_||



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**St Symphorian’s Church, Durrington** _registered charity number 1134809_ **Notes to the Financial Report** 

## **13 Net assets by fund** 

|**13 Net assets by fund**||||||||
|---|---|---|---|---|---|---|---|
||**Unrestricted**<br>**Funds**|**Restricted**<br>**Fund/s**||**Endowment**<br>**Funds**|**Total Funds**<br>**2023**|_Total Funds_<br>_2022_|**_Notes_**|
|Fixed assets for church use<br>Investment fixed assets<br>Current assets (except cash)<br>Cash at bank and on deposit<br>Current liabilities<br>Long term liabilities|£<br>461,475<br>-<br>19,841<br>(2,791)<br>-|<br>|£<br>-<br>77,126|813,211<br> <br>|**£**<br>**461,475**<br>**813,211**<br>**-**<br>**96,967**<br>**(2,791)**<br>**-**|_£_<br>_481,012_<br>_750,833_<br>_-_<br>_83,081_<br>_(2,925)_<br>_-_||
||**£478,526**|**£77,126**||**£813,212**|**£1,368,864**|_£1,312,002_||



## **14 Debtors** 

|**14 Debtors**||||||||
|---|---|---|---|---|---|---|---|
||**Unrestricted**<br>**Funds**||**Restricted**<br>**Fund/s**||**Total Funds**<br>**2023**|_Total Funds_<br>_2022_|**_Notes_**|
|Income tax recoverable<br>Prepayments and accrued income<br>Other debtors||£<br>-<br>-|<br>|£|**£**<br>**-**<br>**-**|_£_<br>_-_||
|||**-**||**-**|**-**|||



## **15 Creditors: amounts falling due within one year** 

||**Unrestricted**<br>**Funds**|**Unrestricted**<br>**Funds**|**Restricted**<br>**Fund/s**|**Restricted**<br>**Fund/s**|**Total Funds**<br>**2023**|_Total Funds_<br>_2022_|**_Notes_**|
|---|---|---|---|---|---|---|---|
|Deferred income<br>Accruals for utilities and other costs<br>Archdeacon's loan<br>Other creditors||£<br>2,791||£<br>-<br>-|**£**<br>**-**<br>**2,791**<br>**-**<br>**-**|_£_<br>_-_<br>_2,925_<br>_-_<br>_-_||
||**£2,791**|||**-**|**£2,791**|_£2,925_||



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**St Symphorian’s Church, Durrington** _registered charity number 1134809_ **Notes to the Financial Report** 

## **16 Creditors: amounts falling due after one year** 

||**Unrestricted**<br>**Funds**|**Unrestricted**<br>**Funds**|**Restricted**<br>**Fund/s**|**Restricted**<br>**Fund/s**|**Total Funds**<br>**2023**|_Total Funds_<br>_2022_|**_Notes_**|
|---|---|---|---|---|---|---|---|
|Deferred income<br>Accruals for utilities and other costs<br>Archdeacon's loan<br>Other creditors||£||£<br>-<br>-<br>-|**£**<br>**-**<br>**-**<br>**-**<br>**-**|_£_<br>_-_<br>_-_<br>_-_<br>_-_||
|||**-**||**-**|**-**|_-_||



## **17 Comparatives for the statement of financial activities** 

||**Unrestricted**<br>**Fund**|**Restricted**<br>**Fund/s**|**Restricted**<br>**Fund/s**|**Endowed**<br>**Fund/s**|**Endowed**<br>**Fund/s**|**Total Funds**<br>**2022**|
|---|---|---|---|---|---|---|
|**Income and endowments from:**<br>Donations and legacies<br>Charitable activities<br>Other trading activities<br>Investments<br>Other receipts|**£**<br>40,132<br>1,651<br>26,657<br>511<br>20,249||**£**<br>12,800<br>1,039<br>1,086<br>23,945<br>3,533||**£**<br>-<br>-<br>-<br>-<br>-|**£**<br>**52,932**<br>**2,690**<br>**27,744**<br>**24,456**<br>**23,782**|
|**Total income**|**89,200**||**42,403**||**-**|**131,603**|
|**Expenditure on:**<br>Raising funds<br>Charitable activities<br>Other trading activities<br>Other expenditure|-<br>78,356<br>21,337<br>-||-<br>14,027<br>200<br>-||-<br>-<br>-<br>-|**-**<br>**-**<br>**92,383**<br>**21,536**<br>**-**|
|**Total expenditure**|**99,693**||**14,227**||**-**|**-**|
|Net gains (or losses) on<br>investments|**-**||**-**|**(100,152)**||**(100,152)**|
|**Net income or (net expenditure)**|**(10,493)**||**28,177**|**(100,152)**||**(82,468)**|
|**Transfers between funds**<br>**Other recognised gains/(losses):**<br>Gains/(losses) on revaluation of<br>fixed assets<br>Other gains/(losses)<br>_Reconciliation of funds:_|**58,455**|**(58,445)**||**-**|||
||47,952<br>-<br>-|(30,268)<br>-<br>-||(100,152)<br>-<br>-||(82,468)<br>**-**<br>**-**|
|**Net movement in funds**|**47,952**|**(30,268)**||**(100,152)**||**(82,468)**|
|Total funds brought forward|452,650|43,838||897,981||1,394,470|
|**Total funds carried forward**|**500,602**|**13,570**||**797,829**||**1,312,002**|



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**St Symphorian’s Church, Durrington** _registered charity number 1134809_ **Notes to the Financial Report** 

## **18  Statement of funds** 

## **Explanation of funds** 

_**Endowed funds** are required by the donors to be invested and the income spent on specific objectives_ 

The Sharp bequest is a permanent endowment, invested in CBF Investment Fund shares and Property Fund , which requires the income to be spent on the upkeep and maintenance of St Symphorian’s Church. 

_**Restricted funds** are not invested permanently but are to be spent within reasonable timescales_ 

The Parish Centre is restricted to maintenance of the Parish Centre building. 

The Mission Fund holds funds raised for charities. 

_**Unrestricted funds** are not subject to any donor restrictions and can be spent as the PCC decides_ 

The unrestricted fund includes a designated sum of £20,060 set aside for Vancouver Close repairs, Vicarage repairs, Parish Centre repairs and the Münchberg Link. 

## **Summary of all funds** 

Fund income and expenditure and final balances are as follows: 

||**Balances**<br>**b/fwd**<br>**01-Jan-23**|**Income**|**Expenditure**|**Endowed**|**Transfers,**<br>**other gains**<br>**and losses**|**Balances**<br>**c/fwd**<br>**31 Dec 2023**|
|---|---|---|---|---|---|---|
|Sharp bequest|£<br>797,829|£<br>|£||£<br>62,378|**£**<br>_860,208_|
|**Total of all endowed funds**|**797,829**|**-**|**-**||**62,378**|_860,208_|
|Collections and Appeals<br>Sharp Income<br>Grant<br>Archdeacon' Loan|_8,261_<br>_(0)_<br>_5,510_<br>_-_|15,580<br>25,910<br>1,164|4,505<br>15,819<br>5,971|<br> <br>|-<br>-||
|||||||_19,336_|
|||||||_10,091_|
|||||||_703_|
|||||||_-_|
||||||||
|**Total of all restricted funds**|**13,771**|**42,654**|**26,295**||**-**|_30,130_|
|General fund<br>Designated fund|482,741<br>17,661<br>-|76,762<br>3,128<br>|101,036<br>729|<br>|-||
|||||||_458,467_|
|||||||_20,060_|
|||||||_-_|
||||||||
|**Total of all unrestricted funds**|**500,402**|**79,890**|**101,765**||**-**|_478,527_|
||||||||
|**Total funds**|**£1,312,002**|**£122,544**|**£128,060**||**£62,378**|_£1,368,864_|



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## **Independent Examiner’s Report** 

## **to the PCC of St Symphorian’s Church, Durrington for the Year Ended 31st December 2023** 

This is my report to the Parochial Church Council of the Ecclesiastical Parish (PCC) of St Symphorian’s, Durrington in the Diocese of Chichester, on the annual report for the year ended 31[st] December 2021 set out on pages 

**Respective responsibilities of** The PCC members are responsible for the preparation of the annual reports. The PCC **trustees and examiner** members consider that an audit is not required for this year under section 144 of the Charities Act 2011 (“the Charities Act”) and that an independent examination is needed. 

It is my responsibility to: 

   1. examine the accounts under section 145 of the Charities Act, 

   2. to follow the procedures laid down in the general Directions given by the Charity Commission (under section 145(5)(b) of the Charities Act, and 

   3. to state whether particular matters have come to my attention. 

- **Basis of independent** 

- **examiner’s statement** My examination was carried out in accordance with general Directions given by the Charity Commission.  An examination includes a review of the accounting records kept by the charity and a comparison of the accounts presented with those records. It also includes consideration of any unusual items or disclosures in the accounts and seeking explanations from the trustees concerning any such matters.  The procedures undertaken do not provide all the evidence that would be required in an audit, and consequently no opinion is given as to whether the accounts present a ‘true and fair’ view and the report is limited to those matters set out in the statement below. 

**Independent examiner's statement** In connection with my examination, no matter has come to my attention (other than that disclosed below in Section B ) 

1. which gives me reasonable cause to believe that in, any material respect, the requirements: 

      - a. to keep accounting records in accordance with section 130 of the Charities Act; and 

   - b. to prepare accounts which accord with the accounting records and comply with the accounting requirements of the Charities Act 

   - have not been met; or 

2. to which, in my opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached. 

**Examiner’s signature** 

**Examiner’s name** _CAPITALS_ ANDREW CARTER 

**Date** 22/03/24 **Relevant professional qualification(s) or body** Business Financial Manager _if any_ **Examiner’s address** KC Controls LTD, 15-17 Bell Centre, Newton Road, Crawley West Sussex 

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## **Independent Examiner’s Report** 

## **to the PCC of St Symphorian’s Church, Durrington for the Year Ended 31st December, 2023** 

## **Section B                                 Disclosure** 

**Only complete if the examiner needs to highlight material problems** _for example:_ 

- accounting records have not been kept in accordance with s132 of the Charities’ Act 2011 and those accounts do not comply with the requirements of the 2008 Regulations setting out the form and content of charity accounts; 

- any material expenditure or action which appears not to be in accordance with the trusts of the charity; 

- any failure to be provided with information and explanations by any past or present trustee, officer or employee; and 

- any material inconsistency between the accounts and the trustees’ annual report. 

**Give here brief details of any items that the examiner wishes to disclose**