## **PARISH OF ST PHILIP AND ST JAMES, LECKHAMPTON WITH ST CHRISTOPHER’S, WARDEN HILL ANNUAL REPORT OF THE PAROCHIAL CHURCH COUNCIL FOR THE YEAR ENDED 31[ST] DECEMBER 2023 CHARITY NUMBER 1134837** ## **Administrative information** Parish of St Philip and St James, Leckhampton with St Christopher’s, Warden Hill is situated in Cheltenham. It is comprised of the church of St Philip and St James, Leckhampton together with its daughter church St Christopher’s, Warden Hill. It is part of the Diocese of Gloucester within the Church of England. The correspondence addresses are as follows: St Philip and St James Church, Grafton Road, Cheltenham, GL50 2DD (www.pipandjims.org.uk). St Christopher’s Church, 1 Lincoln Avenue, Warden Hill, Cheltenham, GL51 3DD – (www.tciwh.org.uk) The names of the current trustees of the PCC are disclosed on the Charity Commission website. ## **Structure, governance and management** St Christopher’s, Warden Hill was built as a daughter church to St Philip and St James, Leckhampton in 1961. Each church has its own independent Church Council with the combined Parochial Church Council of the parish being made up of the members of each of the Church Councils. In 2010 St Christopher’s became part of a local ecumenical partnership (LEP) with the United Reform Church of Warden Hill. As of 31 August 2022 the LEP was dissolved. The method of appointment of PCC members is set out in the Church Representation Rules. All Church attendees are encouraged to register on the Electoral Roll and stand for election to the PCC. ## **Objectives and Activities** St Philip and St James, Leckhampton with St Christopher’s, Warden Hill PCC has the responsibility of co-operating with the incumbent in promoting in the ecclesiastical parish the whole mission of the Church, pastoral, evangelistic, social and ecumenical. It also has maintenance responsibilities for the properties owned by the churches. ## **Achievements and Performance** The achievements and performance of the two churches are set out in the individual reports prepared for each church’s AGM. These are available from the correspondence addresses above. ## **Financial Review** The two churches within the parish operate their finances independently from one another. Each church adopts its own accounts at its individual AGM and these individual accounts are adopted at the PCC AGM. ## St Philip and St James excluding Youth Work For the 2023 financial year the net funds available to the Church increased by £8k, or £34k if nonrecurring items are excluded. Increases in energy costs had a significant negative impact during the year. £64k of income from the use of the Church was recognised during the year. Total assets were in excess of liabilities by £166k. In terms of this balance there was £32k invested in CCLA investment funds, £121k in current or deposit cash accounts and £86k of fixed assets with the remainder of the net assets consisting of gift aid debtors, loan liabilities of £75k and sundry liabilities. More information on the Church’s income and expenditure is provided in the accounts document that is made available for the AGM. ## South Cheltenham Youth Work For the 2023 financial year expenditure exceeded income by £4k. Youth work cash held and other related assets and liabilities at the end of 2023 totalled £41k. ## The Church in Warden Hill For the period 1 January to 31 December there was a deficit of income over expenditure of £34k and the overall financial position at 31 December 2023 showed total assets in excess of liabilities amounting to £25k. ## **Reserves policy** St Philip and St James, Leckhampton It is Church Council policy to maintain a balance on unrestricted funds (if possible) of £50,000 to cover all running costs for a period of 3 months. At the end of 2023 there were actual unrestricted reserves of £148k of which £50k were considered liquid. Following the completion of the re-ordering project the Church is looking to strengthen its financial position via the hire of the re-ordered Church space and facilities to external parties. The Church in Warden Hill It is Church Council policy to maintain a balance on unrestricted funds (if possible), which equates to approximately six months unrestricted payments, to cover emergency situations that may arise from time to time. The balance as at 31 December was £10k and the Church is looking to strengthen its financial position via prudent management. ## **Future outlook** The two churches will continue to pursue a wide range of activities to fulfil the mission of the church. ## **Year end 31 December 2023 accounts for:** - **a) The Church of St Philip and St James, Leckhampton excluding St Christopher’s Church (pages 2-14)** - **b) St Christopher’s Church, Warden Hill (pages 15-18)** **Whilst St Philip and St James, Leckhampton and St Christopher’s Church are part of the same Church of England parish their finances are run separately, and their accounts are subject to the approval of the separate Church Councils. As such the accounts are presented separately in this document and are subject to separate independent examinations.** **The accounts for the Church of St Philip and St James, Leckhampton are prepared on an accruals basis and comply with the requirements of FRS 102 and the Charities SORP.** **The accounts of the Church in Warden Hill and St Christopher’s Church are prepared on a receipts and payments basis.** 1 ## **Parish of St Philip and St James, Leckhampton Accounts review for year ended 31 December 2023** The income and expenditure in respect of the South Cheltenham team ministry youth work are included in these accounts but shown separately from the standalone results of St Philip and St James. ## Net movement in funds |**£k**|**2023**|**2022**|**2021**|**2020**|
**2019**| |---|---|---|---|---|---| |Incoming resources excluding major one-off items|242|224|178|135|161| |Resources expended excluding major one-off items|(276)|(244)|(185)|(158)|(187)| |**Movement in funds excluding non-recurring items**
**and depreciation**|**(34)**|**(20)**|**(7)**|**(23)**|**(18)**| |Legacies|51|50|8|1|15| |Depreciation on Church reordering fixtures and
fittings|(12)|(13)|(13)|(1)|(1)| |Church re-ordering and associated activity|1|(43)|(968)|(885)|11| |Proceeds of Acton Trust liquidation|0|0|133|0|0| |Investment gains / (losses)|2|(4)|0|4|13| |**Net movement in funds P&J only**|**8**|**(30)**|**(847)**|**(904)**|**20**| |Youth work incoming resources|23|7|20|24|23| |Youth work resources expended|(27)|(15)|(20)|(20)|(18)| |**Youth work net movement in funds**|**(4)**|**(8)**|**0**|**4**|**5**| |**Net movement in funds including youth work**|**4**|**(38)**|**(847)**|**(900)**|**25**| - Before one-off items and depreciation there was a deficit for P&J excluding youth work of £34k. Energy costs of £44k (an increase of £21k relative to 2022) are contributing to the deficit. - Income from the use of Church building and facilities of £64k has been generated during 2023 (2022: £51k). ||Balance sheet|||||| |---|---|---|---|---|---|---| ||**£k**|**2023**|**2022**|**2021**|**2020**|**2019**| ||P& J balance sheet|||||| ||Fixed assets–other|86|98|111|50|2| ||Investment assets–fixed interest funds|15|14|16|53|50| ||Investment assets–share funds|17|16|18|34|32| ||Other debtors (gift aid recoverable, church hire
monies receivable and prepayments)|9|10|29|34|37| ||Cash deposit account|100|90|69|734|1,803| ||Current account|21|13|24|138|19| ||Loan liability (interest free, repayable 2025)|0|0|0|(5)|0| ||Loan liability (interest free, repayable 2031)|(75)|(75)|(75)|0|0| ||Liabilities|(7)|(8)|(3)|(2)|(3)| ||**P&J net assets**|**166**|**158**|**189**|**1,037**|**1,940**| ||_Of which liquid unrestricted net assets_|_50_|_32_|_40_|_911_|_1,813_| ||Youth work balance sheet|||||| ||Other debtors (gift aid recoverable)|1|1|2|2|2| ||Current account|41|61|53|52|48| ||Liabilities (increase in 2022 reflects delayed
payment of SCC team Parish Share)|(1)|(17)|(2)|(2)|(2)| ||**Youth work net assets**|**41**|**45**|**53**|**52**|**48**| ||**Total net assets including youth work**|**207**|**203**|**242**|**1,088**|**1,988**| ||_Of which restricted_|_59_|_63_|_79_|_109_|_143_| ||_Of which unrestricted and designated_|_148_|_140_|_163_|_979_|_1,845_| - Fixed assets includes reordering furniture (£64k) and the portable organ and piano (£22k). Depreciation is being allowed for on a straight line basis over an estimated 10 year useful life giving a charge of £12k per annum. 2 ## Restricted and designated funds |**£k**|**2023**|**2022**| |---|---|---| |Choral tradition|4|4| |Community Engagement Officer / Venue manager|0|0| |Community activities grants|12|13| |Ukraine|0|1| |St Andrew’s, Ramallah|1|0| |David Mace memorial|1|0| |Youth work|41|45| |**Total restricted funds**|**59**|**63**| - Community engagement officer / venue manager fund received a grant of £5k from Sylvanus Lysons charity which has been fully allocated to staff costs leaving a restricted fund balance of £nil. - Ukraine support fund has £411 remaining at 31 December 2023. - In addition, the Church has designated funds of £5k in relation to support to St Andrew’s Ramallah during 2024. ## **INCOMING RESOURCES P&J EXCLUDING YOUTH WORK** 1. Voluntary Income |**£k**|**2023**|**2022**| |---|---|---| |Parish Giving Scheme|102|90| |Income tax recoverable on Parish Giving Scheme|23|21| |Other planned giving|8|8| |Other giving|6|8| |Income tax recoverable (non-PGS)|5|3| |Collections (open plate)|3|2| |Sundry donations (including coffee)|4|9| |Grants (£5k Sylvanus Lysons for community
engagement office)|5|11| |Charity collections|6|8| |Legacies (3 unrestricted legacies received in year)|51|50| |**TOTAL**|**213**|**210**| - Increase in Parish Giving Scheme reflects new joiners to the scheme and inflationary increases in giving. 2. Church reordering |**£k**|**2023**|**2022**| |---|---|---| |Gift aided and non-gift aid donations and tax
recoverable|1|6| |VAT reclaim|0|26| |Other fund raising|0|2| |**TOTAL**|**1**|**34**| - Some continuing regular standing orders set up in respect of Church re-ordering continue to be paid. 3. Activities to generate funds |**£k**|**2023**|**2022**| |---|---|---| |Income from use of church and facilities|64|51| |**TOTAL**|**64**|**51**| 3 ## **INCOMING RESOURCES P&J EXCLUDING YOUTH WORK (continued)** 4. Investment return |**£k**|**2023**|**2022**| |---|---|---| |Dividends from CCLA investment funds|1|1| |Interest on CCLA deposit account|4|2| |Gains / (losses) on annual revaluation of CCLA
investment funds|2|(4)| |**TOTAL**|**7**|**(1)**| - As at December 2023 the CCLA deposit account was paying 5.3% (2022: 3.2%) interest per annum. - Gains predominantly reflect appreciation of the CCLA Investment Fund in which we have £17k invested at December 2023. ## **RESOURCES EXPENDED** 1. Charitable giving |**£k**|**2023**|**2022**| |---|---|---| |Support to St Andrew’s Church, Ramallah, Palestine|0|8| |Charitable giving out of planned income|4|4| |Other charitable giving from collections and events|6|10| |**TOTAL**|**10**|**21**| £4k for travel expenses for St Andrew’s Church, Ramallah was accrued in the 2022 accounts and paid in January 2023. £4k of 2023 charitable giving out of planned income has been accrued for. Other charitable giving includes £1.8k in respect of Christmas collections, £0.9k Martin Schellenberger Trust (collection at concert), £0.6k in respect of Ukraine support and £0.6k in respect of Christian Aid Turkey Earthquake appeal. 2. Charitable activities - directly relating to the work of the church |**£k**|**2023**|**2022**| |---|---|---| |Parish Share|99|97| |Contribution to team expenses|1|1| |Clergy expenses and other staff expenses|1|2| |Church running expenses–gas and electricity|44|23| |Church running expenses-cleaning|9|5| |Church running expenses-insurance|7|7| |Church running expenses-other|1|2| |Upkeep of services (includes Musical Director salary)|19|17| |Church maintenance|23|14| |Depreciation of furnishings|12|13| |Parish Office costs (includes Parish Administrator
salary)|23|23| |Other salaries (including Venue and operations
managers)|27|21| |Support costs relating to activity of church and expenses
relating to church run events|7|4| |Youth worker contributions / expenses|1|0| |Expenses in relation to Community support|1|1| |Fees paid to GDBF / choir|2|4| |**TOTAL**|**277**|**234**| ## **RESOURCES EXPENDED (continued)** 4 - Church maintenance includes £8k for Clerestory window repairs (Centreline), £2k for water sealing and wall repairs (P. Pasquet), £2k in respect of Kirkham Prior, £2k to Octagon Heating Services and £1k in respect of Boiler service. 3. Church re-ordering |**£k**|**2023**|**2022**| |---|---|---| |Main contractor (Ken Biggs Contractors Limited)|0|72| |Other re-ordering costs|0|6| |**TOTAL**|**0**|**78**| - During 2023 £667 of historic reordering costs previously recognised as unrestricted have been reallocated to restricted matching off against the continuing regular standing order giving in respect of the re-ordering project. ## **YOUTH WORK SUMMARY** |**£k**|**2023**|**2022**| |---|---|---| |Parish Giving Scheme donations and tax recovered
Other giving
Income tax recoverable
Other income
Cheltenham Network Church contribution
P&J contribution
Other PCC contributions|5
2
0
3
6
1
6|5
2
0
0
0
0
0| |**TOTAL YOUTH WORK INCOME**|**23**|**7**| |Staff costs
Other Youth ministry costs|22
5|11
4| |**TOTAL YOUTH WORK EXPENDITURE**|**27**|**15**| |**NET MOVEMENT IN FUNDS**|**(4)**|**(8)**| 5 |**The Church of St Philip and St James, Leckhampton**
_‘seeing Christ in the world, being Christ in the world’_
**Statement of Financial Activities**
**For the year ended 31 December 2023**
Unrestricted
Funds
Note
£
INCOMING RESOURCES
_Voluntary Income_
2(a)
200,843
_Church re-ordering_
2(b)
0
_Income from church activities_
2(c)
10,823
_Activities for generating funds_
2(d)
63,525
_Income from investments_
2(d)
4,998
_Other incoming resources_
2(f)
290
**TOTAL INCOMING RESOURCES**
280,480
RESOURCES EXPENDED
_Costs of charitable activities_
3(a)
274,416
_Cost of church reordering_
3(b)
-667
_Cost of governance and fund raising activities_
3(c)
1,822
**TOTAL RESOURCES EXPENDED**
275,571
**NET INCOMING/(OUTGOING) RESOURCES**
4,909
TRANSFERS BETWEEN FUNDS
0
(LOSSES) / GAINS ON INVESTMENTS
2,319
**NET MOVEMENT IN FUNDS**
7,228
**BALANCES BFWD AT START OF YEAR**
**ST P&J EXCLUDING YOUTH WORK**
140,455
**BALANCES CFWD AT END OF YEAR**
**ST P&J EXCLUDING YOUTH WORK**
147,682
**South Cheltenham Youth Work**
TOTAL INCOMING RESOURCES
3(d)
0
TOTAL RESOURCES EXPENDED
3(d)
0
NET MOVEMENT IN FUNDS
3(d)
(0)
**BALANCES BFWD AT START OF YEAR**
**ST P&J INCLUDING YOUTH WORK**
140,455
**BALANCES CFWD AT END OF YEAR**
**ST P&J INCLUDING YOUTH WORK**
147,682
**END OF STATEMENT OF FINANCIAL AC**|**The Church of St Philip and St James, Leckhampton**
_‘seeing Christ in the world, being Christ in the world’_
**Statement of Financial Activities**
**For the year ended 31 December 2023**
Unrestricted
Funds
Note
£
INCOMING RESOURCES
_Voluntary Income_
2(a)
200,843
_Church re-ordering_
2(b)
0
_Income from church activities_
2(c)
10,823
_Activities for generating funds_
2(d)
63,525
_Income from investments_
2(d)
4,998
_Other incoming resources_
2(f)
290
**TOTAL INCOMING RESOURCES**
280,480
RESOURCES EXPENDED
_Costs of charitable activities_
3(a)
274,416
_Cost of church reordering_
3(b)
-667
_Cost of governance and fund raising activities_
3(c)
1,822
**TOTAL RESOURCES EXPENDED**
275,571
**NET INCOMING/(OUTGOING) RESOURCES**
4,909
TRANSFERS BETWEEN FUNDS
0
(LOSSES) / GAINS ON INVESTMENTS
2,319
**NET MOVEMENT IN FUNDS**
7,228
**BALANCES BFWD AT START OF YEAR**
**ST P&J EXCLUDING YOUTH WORK**
140,455
**BALANCES CFWD AT END OF YEAR**
**ST P&J EXCLUDING YOUTH WORK**
147,682
**South Cheltenham Youth Work**
TOTAL INCOMING RESOURCES
3(d)
0
TOTAL RESOURCES EXPENDED
3(d)
0
NET MOVEMENT IN FUNDS
3(d)
(0)
**BALANCES BFWD AT START OF YEAR**
**ST P&J INCLUDING YOUTH WORK**
140,455
**BALANCES CFWD AT END OF YEAR**
**ST P&J INCLUDING YOUTH WORK**
147,682
**END OF STATEMENT OF FINANCIAL AC**|Restricted
Funds
£
12,528
667
0
0
0
0|2023
£
213,371
667
10,823
63,525
4,998
290
TOTAL|2022
£
209,896
34,573
11,429
51,248
2,638
0
FUNDS| |---|---|---|---|---| |||13,195|293,674|309,785| |||12,149
667
0|286,565
0
1,822|256,337
78,183
1,649| ||275,571|12,816|288,387|336,169| ||4,909|379|5,288|(26,384)| ||0
2,319|0
0|0
2,319|0
(4,215)| ||7,228|379|7,606|(30,599)| |||||| ||140,455|17,966|158,421|189,019| |||||| ||147,682|18,344|166,027|158,421| ||0
0|23,242
27,363|23,242
27,363|7,615
15,312| ||(0)|(4,121)|(4,121)|(7,697)| ||140,455|62,791|203,246|241,542| |||||| ||147,682|59,049|206,731|203,246| ||**F FINANCIAL AC**|**TIVITIES**||| 6 **----- Start of picture text -----**
The Church of St Philip and St James, Leckhampton
‘seeing Christ in the world, being Christ in the world’
Balance Sheet at 31 December 2023
Note 2023 2022
£ £
FIXED ASSETS
Tangible fixed assets - other 5(a) 85,919 98,193
Investment assets 5(b) 32,194 29,553
118,113 127,746
CURRENT ASSETS
Debtors and prepayments 7 9,204 9,598
Short term deposits 99,617 91,250
Cash at bank 20,950 13,263
129,771 114,111
LIABILITIES: AMOUNTS FALLING DUE WITHIN ONE YEAR
Current liabilities 8 (6,857) (8,437)
NET CURRENT ASSETS 122,914 105,675
LIABILITIES: AMOUNTS FALLING DUE AFTER ONE YEAR
Loan liabilities 8 (75,000) (75,000)
NET ASSETS ST PHILIP AND ST JAMES ONLY 166,027 158,421
Youth work bank account 40,571 60,812
Youth work debtors 7 1,272 819
Youth work liabilities 8 (1,138) (16,805)
NET ASSETS INCLUDING YOUTH WORK 206,731 203,246
FUNDS ST PHILIP AND ST JAMES ONLY 6
Unrestricted - non-revaluation reserves 147,682 140,455
Restricted 18,344 17,966
166,027 158,421
FUNDS INCLUDING YOUTH WORK 6
Unrestricted - non-revaluation reserves 147,682 140,455
Restricted 59,049 62,791
206,731 203,246
Approved by the Church Council and signed on their behalf:
Dated:
Dated:
END OF BALANCE SHEET
**----- End of picture text -----**
7 ## **The Church of St Philip and St James, Leckhampton** _‘seeing Christ in the world, being Christ in the world’_ ## **Notes to the Financial Statements** ## **For the year ended 31 December 2023** - **1 ACCOUNTING POLICIES** ## **Basis of preparation** The financial statements have been prepared in accordance with the Financial Reporting Standard applicable in UK and Republic of Ireland (FRS 102) amd the Charities Statement of Recommended Practice ("SORP") applicable to charities applying FRS 102. The accounts comply with the requirements of the Charties Act 2011. The financial statements have been prepared under the historical cost convention except for the valuation of investments (which are shown at market value). The PCC is part of the South Cheltenham Team ministry. Youth work ministry is provided to all PCCs in the team through a relationship with Youth for Christ. The income and expenditure and assets and liabilities in relation to South Cheltenham youth work are incorporated into these accounts but shown separately from the the other balances of the PCC. ## **Incoming resources - Voluntary income** Collections are recognized when received by or on behalf of the PCC. Planned giving receivable under Gift Aid is recognized only when received. Income tax recoverable on Gift Aid donations is recognized when the income is recognized. Grants and legacies to the PCC are accounted for as soon as the PCC is notified of its legal entitlement, the amount due is quantifiable and its ultimate receipt by the PCC is reasonably certain. VAT recoverable in respect of maintenance / improvement of Church building is recognised when received. Funds raised by fete, garden parties and similar events are accounted for gross. Any sales of books and magazines from the church bookstall will be accounted for gross if they occur. ## **Incoming resources - Activities for generating funds** Rental income from the letting of church premises is recognized when the service (i.e. the rental) has been provided. ## **Incoming resources - Income from investments** Dividends are accounted for when due and payable. Interest entitlements are accounted for as they accrue. ## **Resources expended - Activities directly relating to the work of the Church** The diocesan parish share is accounted for when paid. Any parish share unpaid at 31 December would be provided for in these accounts as an operational (though not a legal) liability and is shown as a creditor in the Balance Sheet. In accordance with the Charities Act 2011 expenditure on improvements to consecrated Church Buildings are not capitalised as fixed assets but rather are expenses as incurred. ## **Gains and losses on investments** Realized gains or losses are recognized when investments are sold. Unrealized gains or losses are accounted for on revaluation of investments at 31 December. ## **Fixed assets - Other fixtures, fittings and office equipment** Other tangible fixed assets are valued at their historic cost less an allowance for depreciation. Depreciation is charged on a straight line basis over the useful economic lifetime of the asset. ## **Fixed Assets - Investments** Investments are valued at bid market value at 31 December. ## **Current assets** Amounts owing to the PCC at 31 December in respect of fees, rents or other income are shown as debtors less provision for amounts that may prove uncollectible. 8 |**The Church of St Philip and St James, Leckhampton**
_‘seeing Christ in the world, being Christ in the world’_
**Notes to the Financial Statements (Continued)**
**For the year ended 31 December 2023**
**2**
**INCOMING RESOURCES**
**Unrestricted**
**funds**
**£**
2(a)
**Voluntary Income**
Planned giving:
PGS gift aid donations
93,244
PGS non gift aid donations
8,560
PGS tax recoverable
23,311
Standing order gift aid donations
3,877
Standing order non gift aid donations
4,495
Other planned giving
0
Other non-planned giving
6,168
Other income tax recoverable
4,521
Collections (open plate) at all services
3,039
Coffee donations
1,028
Sundry donations
1,919
Other non-recurring grants
0
Charity collections
0
Legacies
50,680
200,843
2(b)
**Church re-ordering**
Gift aid donations
0
Non gift aid donations
0
VAT reclaim
0
Other income
0
Gift aid recoverable
0
0
2(c)
**Income from church activities**
Fees
6,698
Other
4,125
10,823
2(d)
**Activities for generating funds**
Hire of church building and facilities
63,525
63,525
2(d)
**Income from investments**
Dividends from investment funds
788
Interest from cash deposit funds
4,210
4,998
2(e)
**Other incoming resources**
Insurance claims
290
290
**TOTAL INCOMING RESOURCES**
280,480|**Restricted**
**Funds**
**£**
0
0
0
0
0
0
0
0
0
0
1,084
5,000
6,444
0
12,528
360
167
0
50
90
667
0
0
0
0
0
0
0
0
0
0
13,195|**2023**
**2022**
**£**
**£**
93,244
82,809
8,560
6,728
23,311
20,702
3,877
4,600
4,495
3,185
0
300
6,168
8,240
4,521
2,835
3,039
2,086
1,028
788
3,003
7,661
5,000
11,480
6,444
8,483
50,680
50,000
213,371
209,896
360
4,960
167
145
0
26,106
50
2,035
90
1,326
667
34,573
6,698
10,372
4,125
1,057
10,823
11,429
63,525
51,248
63,525
51,248
788
860
4,210
1,779
4,998
2,638
290
0
290
0
293,674
309,785
**TOTAL FUNDS**| |---|---|---| |||| 9 **----- Start of picture text -----**
The Church of St Philip and St James, Leckhampton
‘seeing Christ in the world, being Christ in the world’
Notes to the Financial Statements (Continued)
For the year ended 31 December 2023
3 RESOURCES EXPENDED
Unrestricted Restricted TOTAL FUNDS
Funds Funds 2023 2022
£ £ £ £
3(a) Cost of Charitable activities
Charitable giving:
Charitable giving out of planned income 4,210 0 4,210 3,909
Support to St Andrew's, Ramallah 0 0 0 7,650
Other charitable giving 0 5,560 5,560 9,865
4,210 5,560 9,770 21,424
Activities directly relating to the work of the Church:
Contribution to team parish share 98,711 0 98,711 97,340
Contribution to team expenses 544 0 544 1,324
Incumbent expenses 983 0 983 1,672
Other staff expenses 623 0 623 229
Church - running expenses 61,208 0 61,208 36,680
Upkeep of services 18,513 0 18,513 17,190
Church - maintenance 23,172 0 23,172 13,880
Depreciation of furnishings or equipment 12,274 0 12,274 12,876
Salaries/wages/honoraria 21,733 5,000 26,733 21,565
Parish office costs 23,457 0 23,457 22,442
Youth worker funding and expenses 1,116 0 1,116 0
Expenses associated with Church Led events 1,852 0 1,852 0
Expenses in relation to Community activities 0 1,589 1,589 1,612
Church activity support 4,483 0 4,483 3,919
Element of fees paid to GDBF/ choir 1,537 0 1,537 4,183
270,206 6,589 276,795 234,913
Total Charitable activities 274,416 12,149 286,565 256,337
Upkeep of services includes salary paid to Musical Director and parish office costs include salary paid to parish administrator.
3(b) Church re-ordering
Architects fees 0 0 0 2,400
Other professional fees 0 0 0 763
Main contractor (Ken Biggs Contractors Ltd) 0 0 0 71,702
Fitting out costs 0 0 0 3,318
Other re-ordering costs (667) 667 0 0
(667) 667 0 78,183
3(c) Cost of governance and fund raising activities
Administration & stewardship costs 1,423 0 1,423 1,252
Other (printing, stationery, bank charges etc) 398 0 398 397
1,822 0 1,822 1,649
The independent examiner provides their services free of charge.
TOTAL RESOURCES EXPENDED 275,571 12,816 288,387 336,169
**----- End of picture text -----**
10 ## **The Church of St Philip and St James, Leckhampton** _‘seeing Christ in the world, being Christ in the world’_ ## **Notes to the Financial Statements (Continued) For the year ended 31 December 2023** |**3 (d)**
**Youth work**
**Income**
PGS and PGS tax recoverable
Non PGS donations
Other income
Income tax recoverable
CNC contribution
St P&J contribution
Other PCC contributions
**TOTAL INCOMING RESOURCES**
**Expenditure**
Youth ministry staff costs
Other youth ministry costs
**TOTAL RESOURCES EXPENDED**
**NET MOVEMENT IN FUNDS**|**Unrestricted**
**Funds**
**£**
0
0
0
0
0
0
0
0
0
0
0
0|**Restricted**
**Funds**
**£**
5,405
1,938
3,266
453
5,404
1,116
5,660
23,242
21,991
5,372
27,363
(4,121)|**2023**
**£**
5,405
1,938
3,266
453
5,404
1,116
5,660
23,242
21,991
5,372
27,363
(4,121)
**TOTAL**|**2022**
**£**
5,275
1,872
0
468
0
0
0
**FUNDS**| |---|---|---|---|---| |||||7,615| |||||10,890
4,422| |||||15,312| |||||| |||||(7,697)| 11 **----- Start of picture text -----**
The Church of St Philip and St James, Leckhampton
‘seeing Christ in the world, being Christ in the world’
Notes to the Financial Statements (Continued)
For the year ended 31 December 2023
4(a) STAFF COSTS P&J 2023 2022
Net Wages & salaries 60,496 37,487
Pension costs 3,455 3,524
Income tax and NI to HMRC 11,256 7,340
Less contributions from other Parishes (19,735)19,735)9,735)735)) (644)644))
55,472,472472 47,707,707707
The number of staff employed at 31 December 2023 was 4 (2022: 3). The average number of staff employed in the year was 3.5.
The staff employed at 31 December 2023 comprised a parish administrator, a venue manager, an operations manager and a musical director.
There were no staff who received emoluments of more than £60,000 excluding pension contributions in the period (2022: no staff).
In addition, to services provided by employees, the Church also relies significantly on services provided by unpaid general volunteers
who support the worship and other activities of the Church.
No members of the Church Council have been paid any remuneration or received any other benefits from employment with the Church.
There have been no transactions with related parties during the reporting period.
5 FIXED ASSETS FOR USE BY THE COUNCIL
5(a) Tangible fixed assets - fixtures, fittings and equipment
£ £ £
Portable
organ and Re-ordering Total Fixed
piano furniture Assets
BOOK COST
At 1 January 2023 31,210 91,531 122,741
Additions 0 0 0
At 31 December 2023 31,210,210210 91,5311,531,531531 122,741,741741
ACCUMULATED DEPRECIATION
At 1 January 2023 6,242 18,306 24,548
Depreciation in year 3,121 9,153 12,274
At 31 December 2023 9,363363 27,459,4594599 36,822,822822
NET BOOK VALUE
At 31 December 2023 21,847,847847 64,072,072072 85,919,919199
At 31 December 2022 24,968,96868 73,225,225225 98,1938,193,193193933
Dais furniture has been depreciated on a straight line basis over its 20 year useful life.
Re-ordering furniture, portable organ and piano are depreciated on a straight line basis over a 10 year useful life.
**----- End of picture text -----**
**----- Start of picture text -----**
The Church of St Philip and St James, Leckhampton
‘seeing Christ in the world, being Christ in the world’
Notes to the Financial Statements (Continued)
For the year ended 31 December 2023
4(a) STAFF COSTS P&J 2023 2022
Net Wages & salaries 60,496 37,487
Pension costs 3,455 3,524
Income tax and NI to HMRC 11,256 7,340
Less contributions from other Parishes (19,735)19,735)9,735)735)) (644)644))
55,472,472472 47,707,707707
The number of staff employed at 31 December 2023 was 4 (2022: 3). The average number of staff employed in the year was 3.5.
The staff employed at 31 December 2023 comprised a parish administrator, a venue manager, an operations manager and a musical director.
There were no staff who received emoluments of more than £60,000 excluding pension contributions in the period (2022: no staff).
In addition, to services provided by employees, the Church also relies significantly on services provided by unpaid general volunteers
who support the worship and other activities of the Church.
No members of the Church Council have been paid any remuneration or received any other benefits from employment with the Church.
There have been no transactions with related parties during the reporting period.
5 FIXED ASSETS FOR USE BY THE COUNCIL
5(a) Tangible fixed assets - fixtures, fittings and equipment
£ £ £
Portable
organ and Re-ordering Total Fixed
piano furniture Assets
BOOK COST
At 1 January 2023 31,210 91,531 122,741
Additions 0 0 0
At 31 December 2023 31,210,210210 91,5311,531,531531 122,741,741741
ACCUMULATED DEPRECIATION
At 1 January 2023 6,242 18,306 24,548
Depreciation in year 3,121 9,153 12,274
At 31 December 2023 9,363363 27,459,4594599 36,822,822822
NET BOOK VALUE
At 31 December 2023 21,847,847847 64,072,072072 85,919,919199
At 31 December 2022 24,968,96868 73,225,225225 98,1938,193,193193933
Dais furniture has been depreciated on a straight line basis over its 20 year useful life.
Re-ordering furniture, portable organ and piano are depreciated on a straight line basis over a 10 year useful life.
**----- End of picture text -----**
12 **----- Start of picture text -----**
The Church of St Philip and St James, Leckhampton
‘seeing Christ in the world, being Christ in the world’
Notes to the Financial Statements (Continued)
For the year ended 31 December 2023
5(b) Investment fixed assets £ £ £
Fixed Interest Total
Investment Fund Fund Investments
Movements in the year:
Market value - 1 January 2023 15,549 14,004 29,553
Purchases at cost, less disposals at carrying value 0 323 323
Net gains / (losses) on annual revaluation 1,476 843 2,319
Market value - 31 December 2023 17,025 15,170 32,194
Holdings at 31 December 2023: 10,479.80 (2022: 10,251.09) shares in the CBF Church of England Fixed Interest Securities Fund
753.13 (2022 : 753.13) shares in the CBF Church of England Investment Fund
6 ANALYSIS OF NET ASSETS BY FUND
Unrestricted Restricted
Funds Funds Total
£ £ £
Fixed Assets for Church Use 85,919 0 85,919
Investment Fixed Assets 32,194 0 32,194
Current Assets 109,622 20,148 129,771
Liabilities (80,053) (1,804) (81,857)
Fund balance P&J only 147,682 18,344 166,027
Youth work current assets 0 41,843 41,843
Youth work current liabilities 0 (1,138) (1,138)
Fund balance P&J including youth work 147,682 59,049 206,731
The restricted funds comprise:
SCC Youth Choral Charitable
Work tradition appeals Ukraine Sub-Total
£ £ £ £ £
Opening at 1 January 2023 44,826 3,723 0 758 49,306
Incoming resources 23,242 0 4,946 268 28,455
Transfers between funds 0 0 0 0 0
Resources expended (27,363) 0 (4,946) (615) (32,923)
Closing at 31 December 2023 40,705 3,723 0 411 44,838
Community
Sub total from Engagement Community Reordering
above Officer Activities main Total
£ £ £
Opening at 1 January 2023 49,306 0 13,485 0 62,791
Incoming resources 28,455 5,000 0 667 34,122
Transfers between funds 0 0 0 0 0
Resources expended (32,923) (5,000) (1,589) (667) (40,179)
Closing at 31 December 2023 44,838 0 11,896 0 56,735
Sub total from St Andrew's, David Mace
above Ramallah memorial Total
£ £ £
Opening at 1 January 2023 62,791 0 0 62,791
Incoming resources 34,122 1,230 1,084 36,437
Transfers between funds 0 0 0 0
Resources expended (40,179) 0 0 (40,179)
Closing at 31 December 2023 56,735 1,230 1,084 59,049
**----- End of picture text -----**
13 ## **The Church of St Philip and St James, Leckhampton** _‘sharing God’s love through worship, education and service’_ ## **Notes to the Financial Statements (Continued) For the year ended 31 December 2023** |**7**
**DEBTORS**
Income Tax recoverable P&J
Accrued interest receivable on CCLA deposit account
Amounts receivable in respect of Church Hire
Debtors P&J only
Income Tax recoverable youth work
Debtors P&J including youth work
**8**
**LIABILITIES**
Loans for re-ordering
Accruals
P&J only
Accruals youth work
P&J including youth work|**2023**
**2022**
**£**
**£**
7,570
9,467
1,308
0
326
131
9,204
9,598
1,272
819
10,476
10,417
**2023**
**2022**
**£**
**£**
75,000
75,000
6,857
8,437
81,857
83,437
1,138
16,805
82,995
100,242| |---|---| As at 31/12/23 loans include an individual loan of £75,000 in respect of church re-ordering which is interest free with the principal being repayable in 2031. Accruals includes £4,000 for chartitable giving out if planned income, £1,803 Christmas collection charity accruals, £453 gift-aid receipt due to Youth Work and £600 deferred church rental receipts for 2024 events. Accrual of £1,138 for Youth Work reflects balance of South Cheltenham Teams bank account relating to team activities rather than Youth Work. ## **9 CASHFLOW** |9 (a) Cash flow statement
Net income per Statement of Financial Activities (P&J)
Net income per Statement of Financial Activities (Youth Work)
Total net income per Statement of Financial Activities
Adjustments for:
Depreciation charges
Gains / losses on investment
Dividends reinvested into investment funds
Change in debtors
Change in accruals
**Net cash flow from operating activities**
9 (b) Analysis of cash and cash equivalents
Short term deposits - (P&J)
Cash at bank - (P&J)
Cash at bank - (Youth Work)
**Change in cash and cash equivalents during reporting period (see above)**|**2023**
**£**
7,606
(4,121)
3,485
12,274
(2,319)
(323)
(59)
(17,246)
**(4,187)**
**2023**
**£**
99,617
20,950
40,571
161,138
**(4,187)**|**2022**
**£**
(30,599)
(7,697)| |---|---|---| |||(38,295)
12,876
4,215
(397)
20,043
20,696| |||**19,137**| |||**2022**
**£**
91,250
13,263
60,812| |||165,325| |||| |||**19,137**| ## **END OF DOCUMENT** 14 **----- Start of picture text -----**
St Christopher’s Warden Hill 1
Statement of Financial Activities
For the period 1 September to 31 December 2023
Unrestricted Restricted TOTAL 2023 TOTAL 2022
Note Funds (£) Funds (£) (£) (£)
INCOMING RESOURCES
Incoming resources from donors 1(a) 27,469.88 87.65 27,557.53 27,281.40
Other voluntary incoming resources 1(b) 2,844.00 1,710.52 4,554.52 2,015.28
Incoming resources from operating activities 1(c) 29,631.92 0.00 29,631.92 39,748.92
Income from investment 1(d) 608.68 0.00 608.68 282.62
Other incoming resources 1(e) 9,460.00 0.00 9,460.00 13,360.08
TOTAL INCOMING RESOURCES 70,014.48 1,798.17 71,812.65 82,688.30
RESOURCES EXPENDED
Ministerial costs 2(a) 27,941.62 0.00 27,941.62 35,490.93
Grants and donations 2(b) 1,550.00 1,799.42 3,349.42 5,163.23
Church running costs 2(c) 28,993.02 43,807.58 72,800.60 33,933.47
Church management and administration 2(d) 1,974.15 0.00 1,974.15 2,803.86
Costs of generating funds 2(e) 18.74 0.00 18.74 25.00
Settlement with Cheltenham URC re closure of TCIWH 2(f) 0.00 0.00 0.00 27,093.01
TOTAL RESOURCES EXPENDED 60,477.53 45,607.00 106,084.53 104,509.50
NET MOVEMENT IN FUNDS 9,536.95 -43,808.83 -34,271.88 -21,821.20
BALANCES BROUGHT FORWARD AT 1 JANUARY 312.15 59,124.76 59,436.91 81,258.11
BALANCES CARRIED FORWARD AT 31 DECEMBER 9,849.10 15,315.93 25,165.03 59,436.91
**----- End of picture text -----**
15 **----- Start of picture text -----**
St Christopher’s Warden Hill 2
Balance Sheet at 31 December 2023
2023 2022
(£) (£)
CURRENT ASSETS
Current account @ Co-Operative 21,523.54 59,765.16
Investment account @ CCLA 236.44 21,770.61
Cash in hand 196.45 28.32
Debtors 3,208.60 1,213.91
25,165.03 82,778.00
LIABILITIES: AMOUNTS FALLING DUE WITHIN ONE YEAR
Creditors 0.00 23,341.09
NET CURRENT ASSETS 25,165.03 59,436.91
ALLOCATION TO FUNDS
General Fund 9,849.10 312.15
Mission Fund 8.75 10.00
Organ Fund 4,591.55 4,591.55
Bell Fund 1,575.76 1,575.76
St Christopher’s Works 8,453.95 52,261.53
Legacies 685.92 685.92
25,165.03 59,436.91
These accounts are prepared on the 'receipts and payments' basis and comply with the appropriate legal requirements.
The notes on pages 3 to 4 form part of these accounts.
**----- End of picture text -----**
16 **----- Start of picture text -----**
St Christopher’s Warden Hill 3
Notes to the Financial Statements
For the period 1 September to 31 December 2023
1 INCOMING RESOURCES Unrestricted Restricted TOTAL 2023 TOTAL 2022
Funds (£) Funds (£) (£) (£)
1(a) Incoming resources from donors
Planned giving 15,863.32 15,863.32 14,321.01
Collections (open plate) at all services 2,644.16 2,644.16 2,553.58
Gift Aid tax recovery 3,861.40 3,861.40 9,341.09
Donations 5,101.00 87.65 5,188.65 1,065.72
27,469.88 87.65 27,557.53 27,281.40
1(b) Other voluntary incoming resources
Grants 2,794.00 2,794.00
Charity appeals 50.00 1,710.52 1,760.52 2,015.28
2,844.00 1,710.52 4,554.52 2,015.28
1(c) Incoming resources from operating activities
Hall rental 26,922.48 26,922.48 36,434.57
Fees 1,547.00 1,547.00 2,131.00
Fund raising events 437.44 437.44 369.90
Magazine sales and adverts 725.00 725.00 735.50
Cards and books 0.00 77.95
29,631.92 0.00 29,631.92 39,748.92
1(d) Income from investment
Bank Interest 608.68 608.68 282.62
608.68 0.00 608.68 282.62
1(e) Other incoming resources
Vodafone rental 8,000.00 8,000.00 8,000.00
Sale of church property 1,460.00 1,460.00
Insurance claims 5,360.08
9,460.00 0.00 9,460.00 13,360.08
TOTAL INCOMING RESOURCES 70,014.48 1,798.17 71,812.65 82,688.30
**----- End of picture text -----**
17 |**St Christopher’s Warden Hill**|**St Christopher’s Warden Hill**|||||||**4**| |---|---|---|---|---|---|---|---|---| |**Notes to the Financial Statements**||||||||| |**For the period 1September to 31 December 2023**||||||||| |||||||||| |**2**|**RESOURCES EXPENDED**|Unrestricted
Funds(£)||Restricted
Funds(£)||TOTAL 2023
(£)||TOTAL 2022
(£)| |||||||||| |2(a)|_Ministerial costs_|||||||| ||URClevy|||||||7,868.00| ||Parishshare|25,308.64||||25,308.64||25,524.00| ||SCC teamcosts|214.00||||214.00||214.00| ||SCC youth work|663.00||||663.00||19.00| ||Clergy expenses|1,467.53||||1,467.53||984.73| ||Training|48.45||||48.45||39.20| ||Fees|240.00||||240.00||842.00| |||27,941.62||0.00||27,941.62||35,490.93| |||||||||| |2(b)|_Grants and donations_|||||||| ||Charities – mission / relief|525.00||900.00||1,425.00||3,133.23| ||Charities – secular|1,025.00||899.42||1,924.42||2,030.00| |||1,550.00||1,799.42||3,349.42||5,163.23| |||||||||| |2(c)|_Church running costs_|||||||| ||Heat &lighting|4,861.18||||4,861.18||5,270.84| ||Cleaning|1,235.89||||1,235.89||1,077.08| ||Gardening|406.00||||406.00||387.00| ||Insurance|1,123.95||||1,123.95||1,061.35| ||Repairs &replacements|4,957.92||889.09||5,847.01||4,378.16| ||Furnishings & equipment|925.14||41,602.09||42,527.23||6,152.53| ||Churchsupplies|806.62||||806.62||682.78| ||Wages – administrator|3,498.56||||3,498.56||3,168.05| ||Wages – organist&assistant|2,199.00||||2,199.00||2,246.00| ||Wages – cleaners|6,162.26||||6,162.26||7,061.92| ||Honoraria & gifts|159.65||||159.65||600.00| ||Subscriptions &licences|2,242.90||1,316.40||3,559.30||996.49| ||Sundry supplies|208.08||||208.08||368.91| ||Celebrations &hospitality|205.87||||205.87||482.36| |||28,993.02||43,807.58||72,800.60||33,933.47| |||||||||| |2(d)|_Church management and administration_|||||||| ||Printing & stationery|1,246.33||||1,246.33||1,315.54| ||Telephone / copier/Internet|727.82||||727.82||1,488.32| |||1,974.15||0.00||1,974.15||2,803.86| |||||||||| |2(e)|_Costs of generating funds_|||||||| ||Cost of fundraising|18.74||||18.74||25.00| |||18.74||0.00||18.74||25.00| |||||||||| |2(f)|SettlementwithCheltenhamURCre closure of TCIWH|||||||27,093.01| |||||||||| ||**TOTAL RESOURCES EXPENDED**|60,477.53||45,607.00||106,084.53||104,509.50| 18 Independent examinefs Trport on the accow CHARITY COMMISSION FOR ENGLAND AND WALES Section A Independ*nt Ex¥mInÈ￿S Report R•port to the Irusle•sl mèmb•rs of On •ccountsforth• ￿r Chafity no (if any) S•t out on p•9•4 tru•t••s and •x•mln•r Ist•è5 congdor Ilwi art audrt is nol lor th3 year ￿der s•dKJn 144 oflm c￿rrt Acl 2011 Ilhe Charthes A<¥) * th* an indoporKlenl ax*Nnabon Is neod•d. It L8 ny feswsitsltty to.. to tl* 1oKI Ch￿￿ in g•n•ral Dnetions gN•n ty tm Charity CorThniyign lund•r sedion 145ISllbl ol the Charths Act, and Ba•1• of Ind•p•nd•ftt My •x*Thft*￿ T•M$ ¢>Jl kn •C￿￿￿e? *lth ￿"r•th tyv•n Ch•nty •x*mIn•￿# Atst•m•nt cOn￿￿sIc￿. An examtyth￿ ¥k*ud¢s a revi￿ of Ihe ac£ountino rncords kept by the ¢haiAy And a ol th• •x￿nts pr•sented th0￿ fecordg 11 Also inelud•$ ¢￿SIderat￿ ol ony unusLbal it•ms or dtsdLb￿S Ai Ihe ￿coul￿9, and s•¢King gxplanations frryn th• trust••s COr￿mM9 ary m•ttws Tlhi woc4durns unaortAk•n do not provh1• 11 Ihe •¥thrK• that r•quir•d m an Buthl. Bnd consequently no ¢)pinion is 9iven as to ￿*th•r wosent •'tft￿ and IW and lh• repryl 1$ l¥nbt•d lo Ihos• mAtt•rs In the st*em•rt bkn. In¢hp•nd•nt •xarnin•¢• In cor#YKlion my em￿n•t1￿L ￿ ma1￿181 mailers to nyy att•ntion vthich Btst•m•nt giv•* m• lo beI￿ve Ihal In. r•sp•ct' th• r•¢¢rfth ww• k•pt in w￿ne¥ Mc4h)n 130 olth• Ch*riti•8 the •ttthJnts not Krord *ilh Ihe ￿)￿d$., or the •ccixJnts dKI t>Thpty wth th• applubl• r•wroment$ c¢xwing th• forn and conlent of ￿¢￿Jrts jel out in th? Chanlies IAc£ount$ and Report$l Regulations 2Crt)8 (trr than #ry r•quir•m•ni tlTr•t th8 attounts givè 4 •nd f•rf whth is not a mallor C￿)nS￿re￿ as part ol ￿ indgpendent axarnln*t￿n. I hav• no ijthof m&tt•rs In C￿n0(alOn vnth th• •xwninalion io whKh att•ntp)n shouKI be ¢Jrwm ￿ INS r•pNt Vb to •nabl• • pmp•r underst0nd￿9 of th• Slgn•d: 80/0+ Relevant prof•s•i¢)Ml qu*llfi¢atton{$l or body Irf FLLLOLJ L&hV17£ L£D Addre9•: IER December 2017