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The Parish of Minehead
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St Michael’s, St Andrew’s & St Peter’s on the Quay
PARISH OFFICE: ST ANDREW’S CHURCH ANNEXE, WELLINGTON SQUARE, MINEHEAD, SOMERSET TA24 5NH 01643 818904 mineheadparish@gmail.com Reg Charity1134852
TREASURER’S ANNUAL FINANCIAL REPORT for 2023
The financial statement of the PCC has been prepared in accordance with the Church Accounting Regulations 2006 using the Receipts and Payments basis for reporting. A copy of this report is sent to the Charity Commission and to the Diocese of Bath & Wells.
In October 2022, our Vicar, Revd Simon Robinson, was seconded to Truro Cathedral as acting Dean and his appointment was made permanent in August 2023. The post has been vacant for the whole of this year and is unlikely to be filled before the Spring of 2024.
The Parish has not stood still but the long period of vacancy has had an effect on our income. We have had to draw £30,000 from our reserves in order to pay the bills.
Parish Share
We budgeted to pay £65,000 of the requested amount of £81,329 but have struggled to pay £56,000. In the course of the year we have lost 8 of our regular givers some of whom were the most generous. We now have 78 who give by Standing Order (down from 91).
Employees
Our Administrator continues to be shared with the benefices of Alcombe, Dunster, Exmoor and Old Cleeve. Minehead acts as employer with proportionate contributions from the other parishes. Calculations of Tax, National Insurance and Pension are out-sourced to Jane Bates.
The Institute Trust contributed 50% of the cost of our Family & Children’s Worker in 2023.
The cleaner of St Andrew’s Church also now works once a month at St Michael’s as well as doing valuable repair work as required.
Charitable Giving
We supported Exmoor Youth Project, Children’s Hospice South-West, Missions to Seafarers, Christian Aid, St Margaret’s Hospice, Macmillan Cancer Care, Our total giving to charity was £2,645 – below our target of £4,360.
Fundraising
Our SOFA group have strived to put the fun into FUNdraising and we have held successful parish lunches and a celebration of the coronation of King Charles. St Peter’s Upper Room (SPUR), Minehead Matters, concerts, Café Church and other activities have raised around £8,000 as well as strengthening the fellowship of our church.
Maintenance and Repairs
This year all three church buildings had a quinquennial inspection by our architect and electrical safety inspection as well as the regular fire safety checks. These necessary works have cost £7,000, We finally completed the renovation of St Peter’s at a cost of £13,000.
Heating
We spent £7,000 on electricity and heating oil and have economised where we can – including the closure of St Michael’s Church for 3 months. Smart meters have finally been fitted in all churches. We face a large increase in electricity costs when the current contract ends in April 2024.
Legacies
I commented last year that we should not make the mistakes of the past in using legacies to pay the current running costs of our churches. We withdrew £30,000!
John Thorogood, Treasurer
The Parish of Minehead End of Year 2023
| RECEIPTS | 2022 | 2023 | |
|---|---|---|---|
| Giving services and Standing orders | £57,869 | £48,810 | |
| Other giving and appeals | £2,525 | £1,366 | |
| Gift Aid | £14,978 | £10,284 | |
| Grants (Institute Trust) | £14,601 | £17,088 | |
| Legacies | £93,889 | £903 | |
| Fundraising (less costs) | £4,655 | £4,325 | |
| Interest | £640 | £3,060 | |
| Parochial fees (less diocese and ministers) | £4,475 | £3,694 | |
| Magazine, SPUR etc (less costs) | £3,899 | £4,375 | |
| Funds from reserves £30,000 |
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| Total receipts | £197,531 | £123,905 | |
| PAYMENTS | 2022 | 2023 | |
| Charitable Giving | £4,363 | £2,645 | |
| Parish Share(£81,329 requested) | £65,000 | £56,000 | |
| Salariesinclpensions,tax less otherparishes | £16,674 | £17,585 | |
| Clergy & ministersexpenses andgovernance | £1,807 | £0 | |
| Children & Youth work | £1,167 | £781 | |
| Insurance | £3,680 | £4,324 | |
| Cleaning costs (incl. Covid-19) | £2,181 | £3,359 | |
| Routine maintenance & repairs | £11,497 | £11,934 | |
| Administration | £3,789 | £3,652 | |
| Provision of church services | £1,744 | £1,236 | |
| Flowers | £359 | £150 | |
| Churchyard maintenance (St Andrew's) | £796 | £350 | |
| Music costsorganists,tuning,CCLI | £2,617 | £3,225 | |
| Electricity & heating oil | £6,045 | £7,257 | |
| Water | £233 | £416 | |
| Repairs to St Peter's £14,461 £13,257 |
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| Total payments | £136,413 | £126,171 |
STATEMENT OF ASSETS
The Parochial Church Council of the Ecclesiastical Parish of Minehead holds 4 bank accounts:-
| 1. The General Account held at Santander 2. The Fabric Fundraising Account held at NatWest (re-named Minehead Mission Fund) 3. The General Deposit Account held with CCLA(…03D) (the Mission Fund) 4. The Fabric Deposit Account held with CCLA (…02D) TOTAL ASSETS: |
Balance Ist January 2023 £5.773.66 £1,596.63 £32,250.00 £90.217.08 £129,837.37 |
Balance 31stDecember 2023 £4,076.80 £1,316.63 £27,250.00 £59,217.08 £91,860.51 |
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*CCLA Investment Management Ltd holds the funds of the Central Board of Finance of the Church of England
For Information: Some of the Costs of Maintaining 3 Churches
| St Peter's on the Quay Replacing concrete render with lime render Replacing rotten lintels and redecorating outside Replacing staircase, door and noticeboard (est.) St Andrew's & St Michael's Electrical work including PAT testing equipment Recurring (annually) Health & Safety items Coomber security alarm check CCTV maintenance Intruder alarm maintenance Lightning conductor check Fire safety Heating repairs Additional security cameras PHS Hygiene services |
£14,461.00 £7,000.00 £1,941.00 £26.40 £93.07 £125.00 £60.00 £1,121.80 £262.06 £2,824.49 £572.00 |
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| £28,486.82 |