## Annual Report for 2023: The Tenby Group of Churches ## A Year of Renewal, Community, and Hope 2023 was a year of fresh beginnings and enduring commitment for the three churches in the Tenby Group. Building on the foundation of reawakening laid in 2022, the past year saw our community reenergise its spiritual and practical life, deepening connections both within our congregations and out into the wider neighbourhoods we serve. Despite national and global uncertainties, our churches have demonstrated remarkable resilience and a spirit of joyful service. From moments of celebration to those of quiet support, 2023 will be remembered as a year when the bonds of our church family grew ever stronger, and our purpose as a living, serving community of faith was rekindled. ## Worship and the Life of the Church As the effects of the pandemic receded further into memory, the rhythm of worship at St Mary’s and St Anne’s continued to return to its vibrant fullness. Attendance at Sunday services steadily returned to pre pandemic levels, with both familiar faces and newcomers joining in worship, prayer, and song. The sense of being able to gather freely again was a blessing not taken for granted. Special services continued at St. Julian’s and were enthusiastically supported. The Advent Carol Service once again brought together members from all churches in our LMA, filling the Church with music and praise. Throughout the year, we held special services marking significant occasions—Mothering Sunday, Holy Week, Easter, Harvest, Remembrance, and Christmas—each one an opportunity to reflect, rejoice, and renew our dedication to Christ’s call. Our services have been supported with the contribution of the retired clergy. We are especially grateful for the diligent service of the Revd Sylvia Temple, the Revd John Morgan, the Ven. John Harvey, the Ven. Ken Sharpe, the Revd Nigel Griffin, the Revd Adrian Davies, and the Very Revd Jonathan Lean. Their vision, compassion, and steadfastness have shepherded us through both challenge and celebration. ## Key Lay Appointments and Volunteers In 2023, we further strengthened our commitment to the younger generation with the ongoing work of Jeremy Stone, our Youth & Families Officer. Jeremy continues to inspire and support our young people, working both within our churches and in partnership with St John’s Pembroke Dock. Our gratitude extends also to Nicole Evans, for her tireless organization of weddings; Susie Brookes, for her careful coordination of baptisms; and Pat Davies, for managing our Readers’ Rota. The contributions of so many—including Standing Committee members (Clive and Ruth Webb, Nicole Evans, Anne Pönisch, and Sarah Prestwich), Vicki our Verger, churchwardens from all three Churches, organists, choir, treasurers, sidesmen, flower arrangers, bell ringers, and countless others —cannot be overstated. This year, our team of volunteers stepped up in new and remarkable ways, ensuring the smooth running of church activities and the maintenance of our cherished spaces. ## Charitable Giving and Outreach The Tenby Group’s commitment to charitable giving flourished in 2023. We have been able to give sustained support for the Paul Sartori Foundation and numerous local, national, and international charities. The generosity of our congregation made possible a notable contribution to food banks and the PATCH project, reflecting our desire to alleviate suffering and meet urgent needs in our community. We have also been able to support organisations including the Tenby Church in Wales VC Primary School, Pembrokeshire Care Society, Ty Hafan, Noah’s Ark, Friends of the Community, Pembrokeshire Mind, the Salvation Army, Samaritans, and many others. We are especially proud of the ongoing partnership with the Paul Sartori Foundation and our support for a Ukrainian refugee family, housed in our Creswell Street flat. These initiatives have not only provided tangible help but have also opened doors to deeper relationships and shared service. ## Parish Administration and Governance Our Standing Committee met regularly throughout the year, navigating the challenges of rising energy costs, building maintenance, and the prudent management of resources. With wise stewardship, the committee ensured that the church remained a place of welcome, safety, and sustainability. We have also began developing new uses for Church House, with the support to a “Keeping Well, Keeping Warm” Project that is open and welcoming to all, providing a warm meal after the Wednesday Eucharist service. ## Highlights from Our Churches ## St Julian’s Church St Julian’s continued to serve as a spiritual anchor in the Harbour, opening its doors daily between April and October. Services such as the Annual Blessing of the Boats, Prayer Walks, and Sea Sunday fostered a sense of belonging and celebration. Baptisms and weddings brought joy and new life, while our Christmas Carol Service overflowed with worshippers and seasonal spirit. Our volunteer team grew with new members joining. Their hard work ensured the smooth running of daily tasks, from cleaning to welcoming visitors. Special projects included a Flower Festival with money raised going to the Tenby Branch of the RNLI. ## St Anne’s Church, New Hedges St Anne’s experienced a mixture of challenges and triumphs in 2023. The committed and dedicated group of worshippers has been added to with new members and the worship continues to be ably lead by Revd John Morgan and Revd Nigel Griffin. St. Anne’s retains a special place in the heart of the Community and there have been ongoing strengthening of the relationship with the local community. ## St Mary’s Church St Mary’s stood at the centre of many of the year’s most joyful and memorable occasions. Regular members and visitors have attended in strong numbers. The choir, under the expert guidance of Mark Thompson, Judy Davies, and Dr. John Harrison, flourished, welcoming new members and showcasing their talents at major services. In addition to our worship, the Church has again hosted many concerts and performances and remains a focal point for the community. ## Tenby Church in Wales Voluntarily Controlled Primary School Our relationship with the school has grown ever deeper this year. Foundation Governors have offered invaluable support and involvement. Weekly assemblies, led by Andrew Grace, John Morgan, and Jeremy Stone, have helped strengthen the faith connection between the church and school. Community events, from the Harvest Service to the Christingle, have been marked by joy and participation from students, families, and staff. The school’s resilience and creativity through lingering pandemic challenges have inspired us all. ## Looking Ahead As we look to 2024, we do so aware of the changes that will come with my own retirement at Easter next year. Whilst there are often uncertainties facing the Church, we are confident that we will continue to navigate the complexities of an aging population and shifting social landscape. We move forward with hope, confidence, and a commitment to serve Christ and our community with love, courage, and creativity. I extend heartfelt thanks to everyone who has contributed time, energy, and spirit to the life of the Tenby Group this year. Each person’s unique gifts and dedication have built up our church as a true family, and together, we will continue to pursue our calling, serving as a beacon of faith for all. Canon Andrew Grace (Rector of Tenby) Charity registra(ioJi tiuiiiber.. 1134855 St Marys Church Aniiual Repoii aiid Fiiiancial Slatttiienls for tlie Yeai- Ended 31 Decembei. 2023 St Maiys Chui'eh Conteiits (continued) Refereiice and Adi)iinisti3tive Details 'riustees' Reporl 2to5 ststeineiit of Tiustees, Responsibilities Independemt Lxaiiiiner's Report Stalement of Finon¢ial Aciivities Balall¢e Sheet Notes to the Fill8Acial Statrments 10 to21 St Marys Church Reference and Administrative Details Chai'hty Registi'atioD NuiiiEbe)' 1134855 PI'sTicip#I Office St. M#iys Rectoty Chui'd] Pail( Tcnby SA70 7EE Inilependeiit Exgniiner LHP Audit Ltd Llys Del'i lJaTC Pen8arii Cai'lnaithen SA312NF St Marys Church Trustees Report Tlie ti'l￿teeS present the annual repoit iogetl)eJ' with tliE financial statements of the cliartty foi. the yeai. ended 31 Deeenibej. 2023. Objectives aiid activities PEibJic beiiefil Projnoting io tlie pat'isli tlie whole inissioii of tlie Cliuvth {pastoral, evongclistic, soctal. ecuiiienicol), The tiustees confimi that they have coinplied w(Ih the reqiiirements of $e¢iioii 17 of tlie ChaTÉties Ac(2Q I I to Iiave due regard lo tlie publi¢ benefit guidance published by the Cliarity Coiiitnission foi. Enuland ond Wales. AchE¢V￿llent5 and pet￿OrDia11tÈ 2023 was a ycai. of fresh beginnings and eiidiij'ing cotnmitment for the thi'ee ¢hui'ches in (lie T¢nby Group. Building on tlie follndatÈon of reawakening laid in 2022, Ilie past Ye￿ saw oui" coniinuntty i'e.¢nei'gise its spii'itual and pi2¢li¢al life, deepening connections both witliin our Con￿egatiOnS and out into the wider neighbourhoods we seive. Despite iiatiollal atjd global uncertainties, Our cliuYcl)es liave denionstiTrted ieiyi8Ykable ￿sillence and a si)it'it of joyfLiI sei'vice. Fro21) Imoiiieiils of celebratioN lo tliose of quiet support, 2023 will be remenibered as a year wli•i tlie bonds of oui. cliuY¢h family grew evei. stI￿nger. #ttd oiii. pui.pobe a5 a living, serving coiiimiinity of faith was rekindled. WoiEhip and the Life of the Cliureh As the effects of the paiidejnic receded fvrthei. Into menioiy, the rhytliiii of worship at St Mary'5 and St Aiille's contiiiued to I'eivrii to its vibi'aiit fiillness, Attendance at Sunday seivices steadily returjied to piE Iiandeniic levels, witli boili faiiiiliar faces and nei¥¢omcts joining in woi'sliip, prayei., ajid song. Tlie sense of being able to gatliei. fieely again was a blessing takeii foi. gi?Iiled. Speci21 sei'vices eoiitinued at St. Jillian's and wei'e entliiisiastically suppoited. The Advent Cayol Sei'vice once ag4Lin biouglit togeiher Inembers froin all ehuidies iii our LMA, fIllirtg tlie Cl)uirli Will￿ niUSiL aiid pi'&ise, Tiiroughoiit tjie y£ar, we held special sei'vice% iiiarking sigiiificaiit occa5ions-MotheJ'ing Siindayb Holy Week, astei., H8ivest, Remetnbrance, aiid Christinas-eacli one an opporluniry to reflect, rejoice. aiid rentw our dedi¢ation to Clirist's call. OLir seyvices have been suppotled witli tlie contribiition of tjie IrtiiEd cleiEy. We are espec￿allY ¥i?teful foi. the diligent SEI'Vtce of th¢ Revd Sylv&a Tet))ple. the Revd John Moi¥an. tlie Vcii. Jolin Harvey, tlie Ven. Ken Sharpe. tlie Revd Ni8cI Griffin, the Revd Adi'1￿7 Davies, and tlie Vei'y Revd Joiiathan L¢RtJ. 'Theii' vision, con1pass￿On, and steadfastness liave shepliei'ded us throug]1 botli clialleiige aiid celebration. Page 2 St Maiys Cliuych Ti'ustees, Report (continued) laul Sartoi-i Fotindation and oli¥ suppo&t foi. a Uki#iniaiJ i'efiigee faniily, housed iii oui. Cirswell Street fl?< t. These iiiitiatives liav¢ Iiot only provided tan8Lble Iielp but have also opened doors to deepei. relationships alld sliared sei'vice. Parish AdEnint$tiYlioii and Govei'iianee Oui. Standijits Coinmittee met tegulai'ly tliroughout tlie year, n&vigating tlie cliallei)ges of rising enei'gy costs, buildillg illailltcllance, and tlit PJ7Jdent tnanageinent of Irsoiiires. Widi wise stewardship, tl)e committee ¢nsui"ed tliat tlie chuirh remained a plaec of wel¢oime. safety, and siistainability. We Iiave also began developing new use5 for Chuith House. with the support to a "Keeping Well, Keepiiig Wariii" Ptojeei I￿&t is open and welcomiiig to all, PlDviding a warrn meal after the Wedi)esday Euchai'isl service. Higlilights froiii Our ChuJ'¢li¢$ St Julian's Cliui'eh St Julian's continued to serve as a spii'itual an¢hoi in ilie Harbour, opeiiing its doors daily betweeii April anil Octobei.. Services sii¢h as the Aiinual Blessing of the Boats, Prayer Walks, and Sea Sunday fosiered a.qellse of belonging a51d ¢elebration. Baptl8ms aiid weddiiigs broiiglit joy and new life. wliile our Clirisllnas Carol Sei'vic overflowed wilh worsliippers aiid seasoi)al spirit. Oui. voliiiiteer tea1￿ arew with new ii)einbers joiniiig. Tlieir hal￿ work en5uird the siiiootli i'uniiTng of daily tasks, fiY)in cleaning to welconijllg vi5ltoi4. 81)ec&al projects ineliidcd a Flowei. Festival with nioncy raised goin8 to thc Tciiby BranGI) of tli¢ RNLI. st Aniie's Chuich, Nw4V Hed￿eS Page 3 St Marys Church Trustees, Repoi't {eontinued) St Anne's experieftGcd a rnixtiftr of cliallenges alld triuinplis in 2023. 'fiie comniitted and dedicated group of worshippers l)as beeii addcd to witli i)ew i?ieinbei's and Ike woiEliip continues to be ably lead by Revd Jolin Morgaii Revd Nigel Griffin. St. Amie's IEtains a special pla¢e in tl)e Iieart of tlie CoiMi7)uiiity aiid tliere have beeji 01140in2 strengtl)ening of the ielalionship with tlie local coilloiunity. St Mary'5 Cliui'cli St Mary's stood al ilie cetjtre of marty of tlie year's Inost joyfiil and Ineinorable occasiolls. Regular menibers and visitoi3 have attended in strong niiillbe15. '1'he clioii., iindei. tlie expejt guidaiice of Mark Thompson. Jiidy Davies. and Dr. Jc)lin Hai'i'ison, flDurislied, welcoining new tnembers and showcasing tlieii. lalenis at major seiwi¢e5. In additioii lo oui. worsliip, the Church has again hos(ed many cott¢erts aiid pej'forniallces and reniains a focal point for the comiiiunity. Tenby Churcli iii WAle5 Voluiitarily CoTltrolltd Primaiy Stliool Oui. i'elationsliip widi tlie scliool lias gi'own ever dc¢per this yeai.. foiindation Governoi's have offered invalilable suppoi'l and iiivolveinent. Weekly assemblies, leii by Aiidrcw Gi'aee, lol)n Moigaii, and Jereiny Stoiie, liave lielped stiEngthen tlie faitli connection between the cliut'ch aiid school. Comniunity events. frolii tlie 112¥vest Service lo the Christingle. liave betp Inaiked by joy and pai'ticipatioii froni students, faillilies, and staff. The scliool's i-esilience and ¢realivity thix)iigli Isiigertng pandeillic cliallcttges liave inspired u5 dll. Pla115 foi. future i)ei'iods Aiiiis éiijil keji objeLliiiesJoJ'liiiiirepei'loils As we look to 2024, we do so aware of tlie cliat)ge& that will corne with niy owi reÉiremet]t at Eastei. next year, Wliilst tliere are often uncei'iain¢ies facing the Cliurch, wc are confjdcnl tI￿t we will continue to navigate tlie coniplexities of an axing popuSation and sliifting social lattdseape. We Inove forward witl) hope, confidenec. and Luiiiiniliiienl lo serv¢ Clii'ist and Qui. coininuJi&ty iwith love, ¢oui?gt, and ¢i-eativity. l extend heaitfclt tliallks to everyone who has conlribuied tiiiie, eE)eigy, and 5PlI'it to the life of tl?e l eiiby Gi'oiip tliis year. Lacli person's U11Eque gifts èiid dedication liave built lip oiir churcli as a true faiiiily, aiid togediei., we wtll coiitiniie io pllr.s￿e ollr calling, seiwing as k beacon of faitli foy all. CaTaon AndiEW Grace (Recloi. ofi enby) Sti'llctlli'ej govern4Dce and imaiiagement ObjÉLiive.% lliidpollele 'rhe cliarity's activities txpost it to a rtuinb¢i' of finJnci81 risks includ(ng ci'edit i'isk, cash flow Yislc and liquidiry i'isk. llie use of finartcial dei'iv&tives is govei-jied by thc charity's policies approved by tlie boai'd of trustees. wliicli pr()vide wi'iiieil priiiciples oil Ilie u5¢ of financial derivatives lo nIa￿a￿t tljese I'isks. Tlie cliai'ity does ttol use dei'ivalive finantial itjslruiiients for speculative purposcs. Page 4 St Marys Church Trustees, Report (continued) Casliflow ri.lk The chai-ity's activities expose it prEiiiai'ily to Ilie fii3a51rial risks of change8 in foreigIi cuii'ertcy exchaiige 12tes and interest rates. The charity uses foreioii excliange foiivard ¢onti'a¢t$ 2nd i*terest l'ate swap contixcls to lieLlge tl*se exposures. In(eiEst bea￿.1&12 assets and liabilities ale Iield at fixed rate to ensuiE certainty of casli flows. CTedi¢ i'isk Tlie cliarity's principal fiiiaiicial assets are bank balattces and casli, trade aThd otlier iec¢ivables, and invtsttt)ents. Tlie cliaTIty'5 credit iisli is pritiiarily 2tts'ibulable to its trade i'eEciv2blcs. Tlie ainaunts pi'esented In die balance s￿ett al'e nel of allowanc&s trjr daubtfiil receivablcs. An allowance foi. iimpaii'ment is tmade wliei'e tliere is an identified 105s event wliicli, based on previoiis expei'ience, is evidence of a redii¢tion in tlie i'ecoverability of the cash flows. The credit J'lsk on liquid funds and dei'ivative firyanGial Instrniiients is liinited because ilic ¢ount¢rpaiii¢s are ballks ￿'ll17 high credit-Ixting5 assigned by internatlollal credst-ratillg agencies. The chai'ity ljas iio significant concentration of credit 1'15k, with exposu¥¢ spiead over a large iiUE)iber or couiiterpartits and custonier5. Liqiiidliji rlsk In 01.der ro nialntain liquidity to eiFsure that suffi¢ieiit funds are available foi. ongoing operatioiis and flltsiir developiiieiits, tlie cliarity uses a inixtuir of long-ieri* and sliorl-tei'in debt finance. Fui11ier detail% iegarding liquidity risk can be found in tlie Statement of accounting policies ifi tlie finaii¢ial stalciiieAIs. The ani)ual r¢poiT was &ppi'uved by the tiustees of Iht chariLy oil Id signed oil ils behalf by.. Revd Stcven Bi'ett 'ustee Nicole Mai'gai'et Evans Ti'ustce Pa8e 5 St Marys Church Statement of Ti'usteo8' Respoiisibilities Tlie Iiust¢es air Irsponsible for pi'eparing the tnistces, i'eport atjd Élle fjnantial sta¢emellÉS En aecoJQartce IVLtlI the Unired Kingdoln AccoiintlTig Siindaixls {Ulllted Kingdoin Generally Acceyled Accountiijg Pi'atti¢e} t*nd applicable law ajid regulatioiis. Tlie law applEcable to chai'ities reqiiit'es dic li'uslees 10 prepaiE financial statements for each finaiicial Ye￿ whitli give a twe a￿d fail. I'iew of tlie srate of affairs of the cliaraty and of the incoiniIig resoiirces atid api)li¢aiion of iesoui'ces of tlie cliai'ity foi. tliat pEI'iod. In i)lEpaI￿n£ tlicse rttiaiicial statejiients, the tiiisLees ale i'equiird to.. select suitable accounting policies and theii apply thein coiisis(elltly,' obseive the meiliods aiid pi'ii?ciple5 iii the Cliai'itieg SORP. make juduefflenls ajid estitnates tliai are reasonable and i)rudent,' state wlietlier applicable acCounti￿¢Y siand8rds have been followed, subject lo aiiy tnateiial depaitui'es disclosed and explaiiied tlie finai)cial slaieitteiits: and prepare tlie ffnanci81 statements on the going concern basis uttle55 It is inappiDiJi'iate to presiime that tlie chai'ity will continue (n business. Tlie ts'ustees aiE I'esponsiblt for keeping PTopei' accouiitijig i'ecords tliat diselose with rtasojiable acciirncy at any time tl)e financial position of tlie ¢hai'it)' and enable thein to ensure tliat the ftnancial statenients Lotllply ivitli the Cliai'ities Act 2011, tlie Chai'ities {Accoiillts and Repoitsl Re8ulation% 2008, dnd tlie provisiolls of tlje constitiition. Tlie iriistees also JE$ponsible foi. safeguarding the assets of the ¢haTlty aiid lience foi. taking reasonable steps foi. the pi'eventloll 42nd dete¢tion of fi'aud and otlier ii'regulai'itie5. The tiustees air responsible foj, tlie iiiaiE]tenaiice and iiitcgi'ity of the corpoixte aiid financial inforiiiatioii included oil tl)e Cliaritable compaiiy's website. Legi%laiion goycl￿1Th8 tjie prepai81ion alld di%%eniinatiori of financial slal¢m¢nts inay diffej. fi'om legislation in other jui'isdictions. AppToved by the trustees of tl)e chai'ity o and sigiied on its belialf by.. Rcv'd Steven Biitt Tiiistee Nicole ￿[al.garet Evans Trustce Page 6 St Marys Chui'cli Indepcndejit ExAminer's Repoi't to the ti'ustees of St MRrys Chiirch I Irport to the tri￿¢e¥S oil iny examination of the ilC¢Dunls of St Marys Chvirh foi the year ettded 31 Dec¢mb¢i' 2023. ResponsibÉlities and basis of report As tlje thaiity trllst￿ of St Marys Chuieh you are jespons￿ble loi. the PlEparRtion of the accoubts iii accoi'dance with the Ltquireinents of the Ch2rities Act 2011 I'ilie A¢t'). I repoit in i'esp¢Gt of my examinatioii of Iht St MaryB Chuith's aGCQUDts caiiied out under section 145 of tlie 2011 Act amd in cai'yyiiw out my exan)illation I h4Ye followed all the applicable Dii¢ctÈOll5 giv¢ii by the Charity Commission llndey section 14515)(b} of t116 AGt. depcndent ex*n)Inei"3 8tateJllent SinGe Sl M?iys CtLurcli's gross income exceeded £250,000 youi. examiner tnust be a m6mbeY of a body listed iii section 145 of the 2011 Act. l eonFii'm that l Rin qualified to undertake th6 6x#mittation because l am a I￿e￿be1. of ACCA, which 1% one of the listed bodies. I have compl¢t¢d my exainrt)atEon. l Gonfiiin that no mat¢i'lal mattels have eome to Iny fittentiot) in connectioN witli the exaininatioll giving Lne cause to b?lievE that in any materlal *eypect'. SE￿u￿ting iycords woi'e iiot kept illi'espeGt Df St Marys Church as i'eqvired by section 130 of the Act. t)r 2. tlie ac¢ounl8 do not aGGoJdwitli tl)os¢ rcooi'ds.. oi. 3. the accouiits do not comply with the a¢eountlttg Fequtirments co31cei￿1rng the foim and conttttt of accouD¢s Set out in the Cliai'itieg (Accounts aJd Reports) Regulatloffts 2008 ollier tha￿ arty requii'ement that the &ccount8 give a 'true ond fail. view which is not a tnaLÉer GonsideiEd part of indep8ndent exatninalioii. I have Con￿ri1$ alld havo ¢om¢ a¢i'oss othei. mattels sn Gonn6¢tion willi the ex&iniDation to which attentioj should I￿ dJ?wn its thi5 Y¢port in oi'dBr tD ¢nabl¢ a pi'Dpei" uiiderslanding of the accounts to be reached. LHP Audit Ltd l.lys Der Par¢ Pensanj Cai'marihtll SA512NF PAg¢ 7 St Marys Chllrcli Statement of Financial Activities for the Year Ended 31 December 2023 Unre5ti'icted funds Tota 2023 Not¢ Ineome ￿1)d Endowments froin: I)onatlQn5 and legacies Other tTadiiig activities Investnieiit income Olhei. income 46,488 29,447 363,432 11,.221 46,488 29,447 363,432 11,221 Total income 450,588 450.588 Expenditure on: Raising ￿llds Cliai'itable activities {34,980) (347,310) (34,980) 1347,310 Total expendithre 1382,290) (382,2901 Net 1￿com¢ 68,298 68,298 Net tnovement in ￿ndS 68,298 68,298 Recolieiliation offiinds Total funds brought forward Total fiEnds cai'ried foi'ward 919.701 919,701 18 987,999 UAI'e$tricted funds 987,999 Total 2022 Not ' Income 2nd Ettdowments from: Donations and legacies Other trading aotivities Investment incomt Other irtcottie 56,256 30,424 319.289 {50,4971 56,256 30,424 319,289 {50,497) 355,472 Total income 355,472 Expellditure on: Raising fi]nds Charitable actfvities (29,003) 1285,238) 129,003) 285,238 Total expendÉtuJr Net income 314.2411 {314,241) 41,23E Net movetnent itt fvnds 41.231 41,231 R¢conciligtlon of f￿ndS Total fundg brought foiwaiyl 878,471 878.471 Total funds carried foiwai'd 18 919,702 919.702 All of tlie ¢hai'ity's activities derive fron) continuing operations during the above two pe¥iods. The notes on pages 10 to 21 f017n an integral pwt of thege financial statements. Page 8 St Marys Chui'eh {Registr#tioii number: 1134855) Balance Sheet as at 31 Decembei. 2023 2023 2022 Note Fixed Hssets Tangible assets InvestiheIiis 127,232 291,216 133,534 274,918 418,448 408,452 Cui'i'ent assets Debtors Casli at bank aiid in hattd 30,943 548,138 70,813 448,688 16 579,081 519,501 Creditor5: AITJollnts fxlling due within one yeAr 17 19.530 (8,251) Net CU7-1'tni •&sets 569,551 511,250 Net assets 987,999 919,702 riunds of the chai'ity: Urtresti'icted illcome fuiids UniEsti'icted fiit)ds Revaluation reserve 68,298 919,701 41,231 878.471 Total ￿1￿￿511.1Cted funds 987,999 919,702 TotAI funds 18 987,999 919,702 Tli¢ ftnancial stateinenls on pages 8 to 21 weie approved by t￿e li￿stee5, and autliorised foi. issue on and signed on tlieii. behalf by.. Rev'd Steven Brett Trustee Nicole MaiEaret Evans Tiustee The notes on pages lo t(7 21 foi'iii att inlegi'al pait of these fiiiaiicial statenient5. Puge 9 St Marys Chui'ch Notes to the foinaneial Statemejits foi. tlTre Yeai. Ended 31 Decembei. 2023 l Ateounting polities StatenieTht of eompliaiiee Tlie financial stattl￿entS liave been pjepared in accordattce witlj tlie Second edition of tlie Cliaiities Siateillent of Recoinnie￿ded PI?¢tiGe issued iii Iktob￿. 2019, the Fii)aiicial Rcyorting Standaid appli¢ablc iii Ilje Uiiited Iciiigdoih and Republic of li'eland (FRS 102) 211d the Cliai'ities Act 2011. Basis of pi¢pai?tion St Marys Cllurch Rieets the defjiiition of a i)ublic ben¢fil Elltity linder FRS 102. Tlie a¢couiits (fiiiaiTrGial 5tal¢melltsl Iiavc beeti PJEP(ii'ed Lindej. tlie liistorical cost convention WEth items i.ecogn￿Sed at cost oi. transaLtioii valiie iinle5S Otlierwise slated in Ilie iElevant note{s) 10 tlie5e accollnts. Going eortcern Tlie trustees considei. that there are no niaterial un¢ertainties about thc charity'5 abilily lo continue as & goiiig coticevn. Income endowmeiits Voluntaiy inconTre including donations, gifis, legaeies and gra￿tS that pi'ovide coir fvnding oi. a¥c of a geiieral nature is recogiiised wheii Ihe chai'ity lias entitl¢ineJit to ilie incom¢, it is i)rohable that the illcoine will be Irceived and the a￿lount cali be Ineasured with siifficieiit ieliability. Doiiulioiis upid legucié.f Dollations aiid legacies ale ircogiiised on a Irceivable basis wlien receipt is pl￿bab]e and tlie amout)t can be reliably Ineasurcd. Dividends are I'ecognised once the dividend 11<15 been declaird and iiotification has beeii I'eceived of tlie davidejid due. Ei xpellditure All expei)diturc is recognised oi)¢e tliet'e is a le¥al OT constructive obligatioii to Iliat expenditure, it is probablc settlemtnt is r¢qiiiied and tlie ainount can be mea511red reliably. All costs aiE allocate(I to tlie dppl&¢able expendiÈurt head￿ng that aggregate siiiiilat a)%ts to tliat ¢atcgoiy. Wliere Costs cannot be diiEctly alti'ibiit¢d to parliculai. heailEiigs tlicy hry require2nenls, including audit, slra¢egic iiianagenienl aiid trustee% Imeetings 2nd retinbiiT5ed expenses. T2¥aÉion The charity is Cortsideird lo pass the tests set out in Paragi?ph I Schedule 6 of ilie Finance Ad 2010 and thei'efoi'e st Ineets Ilie definition of a eI￿l.￿lable company for UK Gorporation tgx pul'poses. Accoi'dijigly, Ihe charity is pK)tentially exenipt fi'oni taxation in respect of iiicoiiie or capital gains received widiiij categories covered by Chaptei. 3 Pait I l of tlie CoTI)01?tion Tax Act 2010 01. Sectioii 256 of the Taxation of Chargeable Gain5 Aci 1992, to tlit extetst tliat suclj incoine or gains ale applied eXcI￿S1ve1y to cliaTltable pui'posE5. T9Ji¥ible fixed assels Individlial fixed asseis al'e initially recojxled at cost, less any subsequeiit accumulated depre¢iation and subsequellt accumulated 51Kp&irineiit losses. Depi-eciation ind inioi'¢is9tion Depreciation is pl￿VIded oil langible f1xed assets so as to ivrite off tl)e wst ov valuation, less any esltiiiated i'esidual value, over their expected useful economic life as follows= lijvestmciit pi'op¢i'¢ies Inve￿tMertt piniJcrty iq cai'ried at fair valLie. derived fvoin rlie curKetit tnarket prices for collip￿able real estate dete¥iiiitied anTiually by exteiitsal valuers. The valuetE use obser¥abl¢ niayket prices, adjusted if necessary lor any dEffei'eiice in the naturc, lo¢ation or colldition of tlie 5pecifJc asset. ChaHge2 in f2ir value ait recoonised iii profit or loss. riixed asset investniehis Fixed asset ITivestrnetits, other thali prog12mme related inveslineiits, at'e incl￿ded at mai'ket volue at the balance sheet dat¢. Realised gains and losses oil Iiivestmenls ale calculated Js the diffti'eiEce betweeii sales proceed5 and tlieir i)iai'ket value at tlie si&it of tlie yeai, or their subsequeiit cost, and aye ¢h8rged or eredited to tlic Stat￿lIent of binaiicial Activities in the period of disposal. Ujiiyalised gains and losses iepieseiit tlit iknovciiient in niatket values during tlie year alld ave Credited or cliarged lo tlie Stateinent of Finaiicial Activitit5 based oil tlie tnaTket value at tlie yeai. end. Ti'ade debtors Ti'ade debtors are ainounts due Ironi custoiners foi. nierchaiidise sold ot. serviees perfrjmied in Ihc ordina¥y Coulse ol busiiiess. Trade detjtors ave IEcognised initially at tlie traiisa¢tion price. Tlicy are subsequently nieasu¥ed at ainortised cost usiE)g Ilie effective inteiEst inetliod, le4s provisi¢Jn foy inipaii'meiit. A pi'OVTSlOll for tlie iinpaii-ment of tiade debtoi¥ is established wlieii tliere is objectiv¢ evideiice tliat the chaitsty will iioL bc able to collecl all ainoiinls diie accoi'ding to tlie oi'iginal terms of tlie i'eccivables. Pagell St Marys Chui'ch Notes to the Fiiiancial Statements for the Year r ded 31 Deeeinbei. 2023 {eoi)tTrnued) Cash #nd ei?sh equivalents Casli attd casli eqiiivalent% ¢onipiise eash on Iiand &nd call dcp051ts. a￿d othei. sliort-tei'm higlily l%qiiid iiivestments that are I'cadily conveitible to a kiioivn aiiiount of casli and subjeet to at) INsigiiific2nt risk of hange iii valiie. Boi'j'oivings Inieitsi-bcai'ing boi'rowiiius are initially re¢oi'ded at fair value, n¢t of traiisadion costs. Iiiterest-beariiig boryoivitigs al'e subsequently carried at at1101tised tost, witli tlie differen¢e between tlie pix>ceeds, 1?et of transaction costs, and the aniount du¢ oll L"edctnption being Ircognised as a cliai'ge to die Stateinent of FinatlCl81 A¢tivities over the period of tlie I'elevaiit bojrowing. Inteiest exi?eiise is recognised oti tlie basis of tl)e etTective illrevest method and is included ¥n interest payable and siinilar charges. Boyi'owings ave ¢lassifTed as ¢UiTellt liabElities uiiless Ilie charity lias ali iiticonditioiial l'ight to defer settlement of tlie liability foi. at least ￿e1ve 11102iilJs after tlie repoi'ling date. riund strutluj'e Unr¢5ti'icted inCOLne fkinds are 8enerdl funds tliat ale available foi. lis¢ at tlie trustees 88 At31 Deeenibei. 2022 At l Januaiy 2022 Net debt 21 Related pAI'ty Ii'1d nsactiorts IEre W¢L'e no related party tiinsactioi)5 in tlie yeai'12022- £N£ll. Page 21 St Marys ChurLII Statement of Fiilancial Activities by fund for the Yeai. Funded 31 Deeembei. 2023 Tot&1 Uiiic&trictÈd Unresti'icted riuiids 2023 2022 Ikttsine lliid Endowineijts fi'oin: Dollatioi)s and legacies Odiej. tradihg aclivlties Ittves(ii)ertt incoine Ollier illconie 46,488 29,447 361,432 56,256 30,424 319,289 (50,4971 'lotal in¢ome 450.588 355,472 I xpeiiditui'e oil: Raising fuiids Cliaritable activities (34,9801 (347,310) 129.003) 1285,238} Total cxpendituir {382,290) (314,241 Net lllcoine 68,298 41.231 Reconciliatioij of fllnds Total fvnds earried foi'wai'd 68,298 41.231 This page doe5 nol foi'in parl of tl)e statutoiy fiiianci&l statenieiits. Page 22 St Mary5 Churcl) DetAÉled Statement of fi inancial Activities foi. the Yeai. F.nded 31 December 2023 TotAI 2023 Total 2022 Incoiiie and Endoivnients from.. Donatiotis and lega¢ies (attalysed below) Other tradiiig activities lanalysed below) Invcstiiient income (aiialysed below) Otlier income laiialysed below) 46,488 29,447 363,4.32 11,221 56.256 30,424 319,289 (50,497) Total 1￿c01￿C 450,588 355.472 EYi)en4i¢ure on: Ilaising futtds lanalysed below) Charitable a¢tiviiies (atialysed below) (34,9801 {347.3101 129,003) 1285,238 Total expenditUlE 1382,2901 314,241) Net income 68,298 41.231 Re£oneili¥tioii of funds Ttstal funds ¢aiYied foiM¥I.d 68,298 41,231 TI)is P2ge does not foi'in part of the 5tatUÉory fJnall¢ial siacements. Page 23 St Marys Chiiych Detailed Stateinent of Financial Activities for the Year Ei nded 31 Deeeillber 2023 {coi)tiiiued) Totsl 2023 Total 2022 Appeals and donatioiis 46,488 46,488 56,256 56.256 Oiliei, lj'éiiliiig uclivilies Fee.E alld supplEes Other illcome 22,345 7,102 19,540 10.884 29.447 30,424 JIEveslJ?iéiil iitcoijié Rental iticoine In¢onie froill investriient ￿j￿pe1.IieS Inconie fi'oin othei. iinlisled iEiveslmenls Inl£iESt on bank deposits 15,425 240,000 5,366 2,641 363,432 113,005 200,000 6,185 99 319,289 O¢liei' iiicuijie (Gainyloss oil progyanime ielated invcstnieNts 11.221 50,4971 {50,497 Maiiageii)ent fees IiTrsuraiice Repairs aiid lildinttnance Dei)i'eciation of fretliold pix>pet'(y Depreciatio￿ of freel)old pibperty {10,8191 {2,4071 12,484) (16,635) 13,221) (34,980 {3,221) (29,0031 CIFurilublÉ llcliviliÉs Maintenacc of setvices {8,818) F.kcepliollal &d¢iiiiiisirarive expenses {2,4231 Wages aiid salaries 130,4001 S¢aff pensioiis (Defined contribulioll)- pension s¢heimE I {2651 Liglit, licat aiid poivti. 113,6051 InsuiTrnce 14,7461 Repaits aiid inaiiiten2l1e¢ 180,8821 Telcyhotte and fax 16981 Office expeiises (3.8821 Coinpiiter Softwa￿ ai)d Jnaintenaiice costs (6401 Clia¥itable donations {170,1671 (ienei'al paKisli expenses {19,9851 Tlii5 page does not forin part of the slatiilory fiiia#tial statenienis. Page 24 (14,064) 111,430) 111.652) {4.269) 137,190) (1,138) 12,038) 11,440) 1170.408) St Marys Chui'ch Detailed Stateinent of Finaiicial Activities f(Ji' tlie Yeai. Ended 31 Deceinber 2023 (continued) 'rotal 2023 Totnl 2022 Depreciation offieeliold property DepreciatioiJ of fixtures fittings Legal Èllid pilitessional fees {2,6a4) 11,028) 14,1671 18.8151 (347,3101 {285.238 Tliis page does not foi-m parl of ihe stattitoiy fiiiancial slalejnents. PagE 25