Charity number: 1134944
THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF ALL SAINTS' ISLEWORTH
UNAUDITED
TRUSTEES' REPORT AND FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023
THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF ALL SAINTS' ISLEWORTH
| CONTENTS | |
|---|---|
| Page | |
| Reference and administrative details of the charity, its trustees and advisers | 1 |
| Trustees' report | 2 - 10 |
| Independent examiner's report | 11 - 12 |
| Statement of financial activities | 13 |
| Balance sheet | 14 |
| Notes to the financial statements | 15 - 26 |
THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF ALL SAINTS' ISLEWORTH
REFERENCE AND ADMINISTRATIVE DETAILS OF THE CHARITY, ITS TRUSTEES AND ADVISERS FOR THE YEAR ENDED 31 DECEMBER 2023
Trustees
D Cokayne, Chair C Pielichaty M Easton P Tomson R Thorpe A Wilkinson-Oakley M Baker, Vice chair B Perrin P Laycock J Winter M Gibbs J Etherington-Sparks L Shimmens R Hackworth M Hinton Stewart
Charity registered number
1134944
Principal office
Church Street, Isleworth, Middlesex, TW7 6BE
Accountants
Feltons, 1 The Green, Richmond, Surrey, TW9 1PL
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THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF ALL SAINTS' ISLEWORTH
TRUSTEES' REPORT FOR THE YEAR ENDED 31 DECEMBER 2023
The Trustees present their annual report together with the financial statements of the charity the Ecclesiastical Parish of All Saints' Isleworth, charity registration number 1134944 for the year 1 January 2023 to 31 December 2023.
POLICIES AND OBJECTIVES
In setting objectives and planning for activities, the Trustees have given due consideration to general guidance published by the charity commission relating to public benefit.
All Saints’ 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 All Saints’ church building and grounds.
REVIEW OF ACTIVITIES
Objectives and activities
All Saints’ 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 All Saints’ church building and grounds.
The Staff and Volunteer team
All Saints continued in interregnum throughout the beginning of 2023 until the licencing of Rev Dave Cokayne as the new Vicar in June. We are hugely thankful once more to local clergy and lay ministers for the their continued support or us as a church as we finished our period of interregnum. Thanks must also be extended to all those who invested a lot of time and effort in ensuring the services continued throughout this period. This represented the beginning of the Bishop’s commissioning of revitalisation for All Saints as the graft from St Stephens Twickenham arriving to begin a new chapter at All Saints with the clear vision of being ‘ a Beacon of Hope for the people of Isleworth.’
The graft (agreed by the PCC) came in the form of Dave as vicar, a team of volunteers ( becoming full and active members of the church), and seed funding (for the exclusive purpose of revitalisation and mission of the church).
After a long period of committed service to the life of the church in the role of administrator (both paid and voluntary capacities) Carole Pielichaty stepped down from her role. A great thanks is owed to Carole in her role for the time and effort given to the life of the church helping it to operate and function in various areas.
All Saints has been a church that has a great number of children and young families representing a great opportunity missionally for the church and to serve the community. With this in mind Rachael Cokayne has stepped into the voluntary role of Children’s work lead. Rachael has added great value in various areas of this ministry, namely producing a curriculum, recruiting and equipping volunteers, teaching and casting vision. This has added incredible value to this important area of the church, as we look to grow in both number and discipleship.
With the vision of the church and the missional opportunity in mind, Caroline Montgomery has also steeped in to be Family Ministry lead in a volunteer role. This is not only with children in mind but also our connection to the parents in our parish. Caroline has played a pivotal role helping to develop this area of the life of the church. This represents an important strategic move for us as a church in order to connect with our local community and work towards fulfilling our vision of being a Beacon of hope for the people of Isleworth.
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TRUSTEES' REPORT (continued) FOR THE YEAR ENDED 31 DECEMBER 2023
Mark Hinton-Stewart has continued in his role as Director of Music, playing a Vitol role in ensuring that the worship and music life of the church continued to develop, as we look to grow as disciples of Jesus and think about how we can worship in a way that is accessible to those who may be interested in faith.
The Recruitment of a new Minister.
Recruiting Dave was an instrumental task for the PCC in early 2023, who got substantial help from Kari Collard, Katherine Baeten and Jonathan Rust. Dave’s start marked a new chapter to reinvigorate our church community. Review of the Year
The full PCC met periodically during the year for normal business. The meetings were held in church after the hybrid nature of the meetings in the previous year. Ben Perrin chaired the meetings during the interregnum while Dave chaired the meetings when he came into post.
The APCM for 2023 will take place on 19th May 2024 after the morning service. Church members will attend in person.
Music and Worship
We began the year still in interregnum, and our Director of Music, Mark Hinton Stewart continued working with the Church Wardens, Ben Perrin and Pamela Laycock, to ensure that there was a continuity of Sunday services using visiting clergy wherever possible.
The choir WhatsApp group was used to organise members of the choir to sing at each Sunday service, and throughout the year there was a regular group of willing volunteers.
On the first Sunday of the month from January to June, we continued with the very popular non-Communion family service, ‘For All The Church Family.’ Nick Munn, a Licensed Lay Minister from St. Mary’s Osterley, was happy to continue leading those six services. Music was provided by Mark on piano accompanying a string quartet made up of Michiko Gibbs and Cathy Schofield on violin, Mike Schofield on viola, and Simon Trentham on Cello.
For the other Sundays from January to June, the services followed the Church of England’s Holy Communion Order One service with four hymns based on the theme of the service and the readings - one each at the beginning and end, a more reflective Gradual hymn between the two readings, and an Offertory hymn with enough verses to cover the taking of the collection.
The screens continued to be used to project the words for the services with Mark putting together the PowerPoint slides using the relevant Lectionary readings, Collect, and Prayer After Communion. Using the screens instead of hymn books has enabled Mark to expand the repertoire of hymns and worship songs and do some modernising of older hymn texts, such as replacing ‘thee’ and ‘thou’ with ‘you’.
Rev. Dave Cokayne was appointed Priest-in-Charge and his first service at All Saints was on Sunday June 25th. The following Thursday, June 29th, we welcomed the Rt. Rev. Dr. Emma Ineson, the new Bishop of Kensington, to lead Rev. Dave Cokayne’s Licensing Service at which he was officially made Priest-in-Charge. This was a joyous service of worship and celebration with a specially composed anthem by Mark Hinton Stewart for choir and piano. The text of the anthem was taken from Psalm 40 - ‘I waited patiently for the Lord. He inclined to me and heard my prayer.’ These words seemed most appropriate after a long period of interregnum!
The format for our Holy Communion service remained the same with Revd. Dave, though we moved away from Lectionary readings as Revd. Dave brought us a series of themes beginning with Hope, Generosity, A Creative People, Celebration, and Hospitality. We continued with a family service which moved to the last Sunday of each month.
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TRUSTEES' REPORT (continued) FOR THE YEAR ENDED 31 DECEMBER 2023
The Christmas Story, our service of lessons and carols, was held at 7:30pm on Sunday December 10th. As in previous years, this highlight of the musical life at All Saints was very well attended. Gratitude goes to the wonderful singers and our resident string quartet who gave up their time to rehearse and perform to such a high standard.
On Sunday December 17th, we had Family Carols at 4:00pm, a more contemporary and informal style of carol service aimed at participation by all family members, no matter their age.
We had two services on Sunday December 24th, our Crib Service at 10:00am and our Midnight Communion Service at 11:00pm, and on Monday December 25th, we gathered at 10:00am for our Christmas Celebration Service.
The final service of the year was 10:00am Holy Communion on Sunday December 31st.
Weekly Services
As previously mentioned for the first half of 2023 All Saints remained in interregnum. The church continued to be supported by various clergy and lay leaders who assisted in leading the services. Again, a huge amount of thanks goes to those who organised the logistics around this.
On arrival in post in June, Dave picked up the role preaching and leading the majority of the services. The focus of these early months was to re-group after the church being in interregnum for 18 months but also to cast vision for the future and the markers of the culture going forward.
All Saints is blessed with a number of young families. As previously mentioned, our connection with young families has been a short-term area of development, but also a key strategic move going forward. As part of this a huge amount of time has been put in by many to sort through existing resources but also look to make strategic purchases for the future that help to develop that area of ministry.
Part of this has included the development of our family services, as we have sort to make them engaging worshipful spaces not just for the whole church family.
Mark Continues to play an often unseen but vital part in the services each week, in the organising of the choir but also in his production of the slides.
All Saints River of Music Report
All Saints is richly blessed with a great musical tradition and many hugely talented musicians. Concerts have continued in their dual purpose to celebrate the many talented musicians we have in our community and also raise money for the church. Concerts in 2023 included a Baroque strings concert, a wonderful piano trio concert with themes from various films.
Pastoral and Community
The Pastoral Team consists of six members of the congregation, Dawn Singh, Dorothy Swidenbank, Colleen Hagan, Carol Scott, Sue Clark and Marion Easton.
The Team has been headed by Marion Easton in the absence of a Vicar. They have met at various points during the year.
Contact has been maintained where possible with members of the congregation especially those who are unwell or cannot manage to get to church for services.
We were once more able to gather together for our ‘Remembering our loved ones service towards the end of the year. This proved to be a special set apart time, to reflect and give thanks for loved ones that had passed, whether that be those who have passed away in the last year or those close to us who we continue to grieve.
We are endeavouring to keep in touch with anyone that we know who needs a visit at home or in hospital; in
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THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF ALL SAINTS' ISLEWORTH
TRUSTEES' REPORT (continued) FOR THE YEAR ENDED 31 DECEMBER 2023
some cases to arrange a visit if required.
We sent cards at Christmastime together with a plant and at Easter we sent a card and biscuits which members of the congregation delivered. These small gifts are sent on behalf of us all and have become part of the life of the church. It is now more than ever important that we continue our “keeping in touch” and we are always looking for help on an occasional basis to ensure that our Church remains in the thoughts and minds of the people of Isleworth.
Electoral Roll Report
Every six years the Electoral Roll is completely renewed, at which point all members have to re-apply for membership or else their names will be deleted.
In order to be on the Electoral Roll, you must be at least 16 years of age, have been baptised and must reside in the relevant parish or be regular worshippers in the church whose roll you wish to join. You are then able to vote at the APCM and are eligible to be voted onto the Parochial Church Council – the PCC. It also reflects the true strength of the membership of our church.
After the Annual Parochial Church Meeting, we can add names again, so if you didn’t get to renew or join the Electoral Roll it is not a problem, you can complete a form from the back of the church. We can add names from tomorrow until 2025 when the roll will be renewed!
Social
Afternoon teas continued once more 2023, many thanks to Carole and Pamela for their continued leadership of these great events. They act as great opportunities for engagement in the community whilst also showcasing the huge amount of local history.
We have been able to have a number of post service meals particularly at Harvest and also to mark the start of the new chapter at All Saints as part of the graft. These have acted as a perfect way to connect and grow as a community, with the aim of furthering the welcome offered in church.
Premises
Butterfield House (the old vicarage) continues to be up for sale, due to the landscape of the market over the last 12 months. There have been various enquiries, each have failed to progress for their own unique reasons. We continue to work with the diocese, in the hope of seeing more progress moving forward.
Thew new vicarage in Kilmorey Gardens was successfully purchased with Dave and family able to move in May ahead of starting his new role.
Internal and external de-cluttering has been a large theme of the time in post for Dave so far for various reasons, partly due to the large church yard that comes under the church’s duty of care but also with the vision of making the church both internally and externally as welcoming and functional as possible. This works continues with a lot of progress being made.
This has resulted more storage being created, which has been much needed, but has also allowed for more some great times of community. A maintenance morning in the early summer, coupled with breakfast allowed for some much-needed tidying of the church yard to take place with the internal work happening over a longer period of time.
Renovation Project
The fabric of the church building of All Saints Isleworth continues to be in great need of attention. The dilapidations report was completed at the end of 2023 by Roger Mears Architects. As part of the emergency
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TRUSTEES' REPORT (continued) FOR THE YEAR ENDED 31 DECEMBER 2023
works commissioned by the PCC in conjunction with the Arch Deacon, a new soak away was dug on the river side of the church grounds. This, along with various pieces of drainage clearance has been done with the aim of improving the water flow from the roof area of the worship space.
Another piece of emergency works that was completed in the winter of 2023 was the introduction of film to the west Elevation in the worship space. This is with the purpose of reducing the amount of mess and damage caused if there were to ever be a repeat of the glass panel falling out in a storm a couple of years ago.
The church yard unfortunately had to be closed due to a stone falling from the tower on Christmas morning. We are continuing to work with the diocese and the Architect as to the best course of action moving forward for the tower, both for the immediate but also the long-term future of the church.
There are still 3 main areas of concern that are being continually monitored, the tower, the west elevation and the roof of the worship space. However, the focus has also has now moved from the immediate Emergency works, to beginning discussion with the diocese and the Roger Mears about the long-term development of the building. This is not just with the purpose of renovation but also transformation. This is to ensure that the worship and community work that has been on the site for many years can continue into the future.
With this in mind, we are greatly thankful to a group of 3 individuals from St Stephens Twickenham (all of which work or have worked for many years in the building trade) who have come forward to act as an advisory board to the PCC on the building project. Even in the short period of time they have given a lot of their own time and experience in order to set the path for the future of the building project. A great thanks must also go to Richard Montgomery who has recently acted in an co-opted role on the PCC in order to assist James (The treasurer) but also liaise with the advisory board in helping to forge a direction for the next best steps both in terms of the immediate work but also in the context of the broader work required.
There are meetings in place with both the architect and the fundraiser to strategies about a building and fundraising plan through grant proposals. All Saints is now heading into an important season of casting and distilling vision, whilst also identifying where we can play our part in the flourishing of all in Isleworth.
Churchyard
In November Alethea Hamilton-Hunter retired from gardening in the churchyard. We were able to thank Alethea for her great care and investment into the border by the tower in particular. We are looking at forming a small volunteer team to taking up the work of looking after the garden and churchyard moving forward.
As noted last year, Lampton 360, the maintenance company belonging to the London Borough of Hounslow have also done a huge amount of work on the wider churchyard. Dead trees have been cut back, undergrowth has been cut back, new paths laid around the churchyard and the churchyard has generally been opened up to become a lighter, safer, more usuable space.
Safeguarding Report
All Saints has made a change to the way it approaches safeguarding and ensuring church is safe and happy for everyone who attends. A new safeguarding officer has been appointed and they have undertaken training and regularly update the PCC on positive ways of working and the best way to operate safely. Children's groups and activities have become more structured and a comprehensive DBS system has been put in place. The safeguarding team has been using the Parish dashboard to ensure that the church continues to develop its practices.
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THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF ALL SAINTS' ISLEWORTH
TRUSTEES' REPORT (continued) FOR THE YEAR ENDED 31 DECEMBER 2023
FINANCIAL REVIEW
GOING CONCERN
After making appropriate enquiries, the trustees have a reasonable expectation that the charity has adequate resources to continue in operational existence for the foreseeable future. For this reason they continue to adopt the going concern basis in preparing the financial statements.
FINANCIAL RISK MANAGEMENT OBJECTIVES AND POLICIES
In 2023, members of the Finance team were:
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Treasurer: James Winter
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Jurek Pielichaty – cash management
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Ben Perrin – Church warden
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Maddy Baker – PCC member
The Finance team oversees both the day-to-day finances of the church, as well as the planning, budgeting and forecasting. The team provides regular updates on the financial status to the PCC, allowing the PCC to make informed decisions in the financial management of the Church. As in 2023, the 2024 budget is set to approximately break-even, with anticipation of a small surplus.
Despite the challenges of high energy costs, as well as ongoing repair to the fabric of the church, we ended the year with a surplus of £94,212. We view the fiscal position overall as balanced and prudent. This was achieved through:
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The significant generosity of giving by church members despite the impact of the cost-of-living crisis on
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personal finances.
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A number of successful concerts throughout the year.
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The expected refund from HMRC of Gift Aid on all eligible donations (don’t forget to complete a gift aid
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form if you haven’t yet done so – it increases the value of all your donations by 25%!)
• Paying £48,000 to the Diocesan Common Fund against a pre-pandemic level of £85,200. Given our ongoing exceptional costs (notably roof and drainage work and high energy bills), we continued to be constrained in our overall contribution over the financial year.
PRINCIPAL RISKS AND UNCERTAINTIES –
A break-even budget for 2024 has been approved by the PCC i.e., although a small surplus is possible and would be transferred to church reserves in support of future activities in the parish and community.
As with 2023, to ensure a balanced budget for 2024, the All Saints’ Common Fund pledge to the diocese for 2023 has been maintained at £48,000, which is again below the standard amount asked of all parishes by the diocese. This is in line with discussions that we have had with the diocesan finance team about our current financial position. We have agreed to top this amount up at the end of the year should we be blessed with a meaningful surplus in our income over expenditure. We’re in a ‘rebuilding’ year with much to look forward to, so I am hopeful we can increase church reserves over the course of the year, with the strong support of the congregation.
In respect of ongoing work on roof, drainage, tower and other fabric of the building projects, the Diocese fund of £50,000 has materially helped cover these works. Some budget remains and we aim to address urgent issues such as tower safety and courtyard and main entrance reopening as a priority.
PRINCIPAL RISKS AND UNCERTAINTIES
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TRUSTEES' REPORT (continued) FOR THE YEAR ENDED 31 DECEMBER 2023
A break-even budget for 2024 has been approved by the PCC i.e., although a small surplus is possible and would be transferred to church reserves in support of future activities in the parish and community.
As with 2023, to ensure a balanced budget for 2024, the All Saints’ Common Fund pledge to the diocese for 2023 has been maintained at £48,000, which is again below the standard amount asked of all parishes by the diocese. This is in line with discussions that we have had with the diocesan finance team about our current financial position. We have agreed to top this amount up at the end of the year should we be blessed with a meaningful surplus in our income over expenditure. We’re in a ‘rebuilding’ year with much to look forward to, so I am hopeful we can increase church reserves over the course of the year, with the strong support of the congregation.
In respect of ongoing work on roof, drainage, tower and other fabric of the building projects, the Diocese fund of £50,000 has materially helped cover these works. Some budget remains and we aim to address urgent issues such as tower safety and courtyard and main entrance reopening as a priority.
RESERVES POLICY
The PCC holds funds equivalent to six months fixed costs as a contingency fund. The fund is split between the current and deposit bank accounts as necessary to support current expenses requirements.
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THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF ALL SAINTS' ISLEWORTH
TRUSTEES' REPORT (continued) FOR THE YEAR ENDED 31 DECEMBER 2023
STRUCTURE, GOVERNANCE AND MANAGEMENT
CONSTITUTION
.The Charity is governed under the Parochial Church Council Powers Measure (1956) as amended and church representation rules.
METHOD OF APPOINTMENT OR ELECTION OF TRUSTEES
The management of the charity is the responsibility of the Trustees who are elected and co-opted under the terms of the Trust deed.
ORGANISATIONAL STRUCTURE AND DECISION MAKING
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 given the opportunity to hear and speak about the PCC.
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THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF ALL SAINTS' ISLEWORTH
TRUSTEES' REPORT (continued) FOR THE YEAR ENDED 31 DECEMBER 2023
This report was approved by the Trustees, on
and signed on their behalf by:
_________ D Cokayne Trustee
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THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF ALL SAINTS' ISLEWORTH
INDEPENDENT EXAMINER'S REPORT FOR THE YEAR ENDED 31 DECEMBER 2023
INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF ALL SAINTS' ISLEWORTH (the 'charity')
I report to the charity Trustees on my examination of the accounts of the charity for the year ended 31 December 2023.
This report is made solely to the charity's Trustees, as a body, in accordance with Part 4 of the Charities (Accounts and Reports) Regulations 2008. My work has been undertaken so that I might state to the charity's Trustees those matters I am required to state to them in an Independent examiner's report and for no other purpose. To the fullest extent permitted by law, I do not accept or assume responsibility to anyone other than the charity and the charity's Trustees as a body, for my work or for this report.
RESPONSIBILITIES AND BASIS OF REPORT
As the Trustees of the charity you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 ('the 2011 Act').
I report in respect of my examination of the charity's accounts carried out under section 145 of the 2011 Act and in carrying out my examination I have followed all the applicable Directions given by the Charity Commission under section 145(5)(b) of the 2011 Act.
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THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF ALL SAINTS' ISLEWORTH
INDEPENDENT EXAMINER'S REPORT (continued) FOR THE YEAR ENDED 31 DECEMBER 2023
INDEPENDENT EXAMINER'S STATEMENT
Your attention is drawn to the fact that the charity has prepared the accounts in accordance with Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) in preference to the Accounting and Reporting by Charities: Statement of Recommended Practice issued on 1 April 2005 which is referred to in the extant regulations but has been withdrawn.
I understand that this has been done in order for the accounts to provide a true and fair view in accordance with the Generally Accepted Accounting Practice effective for reporting periods beginning on or after 1 January 2015.
I have completed my examination. I can confirm that no matters have come to my attention in connection with the examination giving me cause to believe that in any material respect:
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accounting records were not kept in respect of the charity as required by section 130 of the 2011 Act; or
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the accounts do not accord with those records; or
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the accounts do not comply with the applicable requirements concerning the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the accounts give a 'true and fair' view which is not a matter considered as part of an independent examination.
I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.
Signed: Dated: R Rhodes FCA
FELTONS
1 The Green Richmond Surrey TW9 1PL
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THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF ALL SAINTS' ISLEWORTH
STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 DECEMBER 2023
| Unrestricted funds Note 2023 £ INCOME FROM: Donations and legacies 2 165,973 Other trading activities: Fundraising 3 26,618 Investments 4 32,976 TOTAL INCOME 225,567 EXPENDITURE ON: Charitable activities 126,401 TOTAL EXPENDITURE 8 126,401 NET INCOME / (EXPENDITURE) BEFORE OTHER RECOGNISED GAINS AND LOSSES 99,166 NET MOVEMENT IN FUNDS 99,166 RECONCILIATION OF FUNDS: Total funds brought forward 69,058 TOTAL FUNDS CARRIED FORWARD 168,224 |
Restricted funds 2023 £ - - - - 4,954 4,954 (4,954) (4,954) 178,689 173,735 |
Total funds 2023 £ 165,973 26,618 32,976 225,567 131,355 131,355 94,212 94,212 247,747 341,959 |
Total funds 2022 £ 34,255 30,571 32,397 |
|---|---|---|---|
| 97,223 | |||
| 90,340 | |||
| 90,340 | |||
| 6,883 6,883 240,864 |
|||
| 247,747 |
The notes on pages 15 to 26 form part of these financial statements.
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THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF ALL SAINTS' ISLEWORTH
BALANCE SHEET AS AT 31 DECEMBER 2023
| Note FIXED ASSETS Tangible assets 10 CURRENT ASSETS Debtors 11 Cash at bank and in hand CREDITORS:amounts falling due within one year 12 NET CURRENT ASSETS TOTAL ASSETS LESS CURRENT LIABILITIES CREDITORS:amounts falling due after more than one year 13 NET ASSETS CHARITY FUNDS Restricted funds 14 Unrestricted funds 14 TOTAL FUNDS |
£ 34,683 124,821 159,504 (4,750) |
2023 £ 193,197 154,754 347,951 (5,992) 341,959 173,735 168,224 341,959 |
£ 25,978 38,660 64,638 (4,750) |
2022 £ 198,151 59,888 258,039 (10,292) 247,747 178,689 69,058 247,747 |
|---|---|---|---|---|
The financial statements were approved by the Trustees on
and signed on their behalf, by:
_________ D Cokayne
The notes on pages 15 to 26 form part of these financial statements.
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THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF ALL SAINTS' ISLEWORTH
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023
1. ACCOUNTING POLICIES
1.1 BASIS OF PREPARATION OF FINANCIAL STATEMENTS
The financial statements have been prepared to give a 'true and fair' view and have departed from the Charities (Accounts and Reports) Regulations 2008 only to the extent required to provide a 'true and fair' view. This departure has involved following the Charities SORP (FRS 102) published on 16 July 2014 rather than the Accounting and Reporting by Charities: Statement of Recommended Practice effective from 1 April 2005 which has since been withdrawn.
The financial statements have been prepared under the historical cost convention with items recognised at cost or transaction value unless otherwise stated in the relevant notes to these accounts. The financial statements have been prepared in accordance with the Statement of Recommended Practice: Accounting and Reporting by Charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) issued on 16 July 2014 and Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland (FRS 102) and Charities Act 2011.
The Parochial Church Council of the Ecclesiastical Parish of All Saints' Isleworth constitutes a public benefit entity as defined by FRS 102.
1.2 GOING CONCERN
The Trustees have identified no material uncertainties upon the entity's ability to continue as a going concern.
1.3 INCOME
All income is recognised once the charity has entitlement to the income, it is probable that the income will be received and the amount of income receivable can be measured reliably.
For legacies, entitlement is taken as the earlier of the date on which either: the charity is aware that probate has been granted, the estate has been finalised and notification has been made by the executor(s) to the Trust that a distribution will be made, or when a distribution is received from the estate. Receipt of a legacy, in whole or in part, is only considered probable when the amount can be measured reliably and the charity has been notified of the executor's intention to make a distribution. Where legacies have been notified to the charity, or the charity is aware of the granting of probate, and the criteria for income recognition have not been met, then the legacy is treated as a contingent asset and disclosed if material.
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THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF ALL SAINTS' ISLEWORTH
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023
1. ACCOUNTING POLICIES (continued)
1.4 EXPENDITURE
Expenditure is recognised once there is a legal or constructive obligation to transfer economic benefit to a third party, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is classified by activity. The costs of each activity are made up of the total of direct costs and shared costs, including support costs involved in undertaking each activity. Direct costs attributable to a single activity are allocated directly to that activity. Shared costs which contribute to more than one activity and support costs which are not attributable to a single activity are apportioned between those activities on a basis consistent with the use of resources. Central staff costs are allocated on the basis of time spent, and depreciation charges allocated on the portion of the asset’s use.
Support costs are those costs incurred directly in support of expenditure on the objects of the charity Governance costs are those incurred in connection with administration of the charity and compliance with constitutional and statutory requirements.
Charitable activities and Governance costs are costs incurred on the charity's educational operations, including support costs and costs relating to the governance of the charity apportioned to charitable activities.
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THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF ALL SAINTS' ISLEWORTH
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023
1. ACCOUNTING POLICIES (continued)
1.5 TANGIBLE FIXED ASSETS AND DEPRECIATION
A review for impairment of a fixed asset is carried out if events or changes in circumstances indicate that the carrying value of any fixed asset may not be recoverable. Shortfalls between the carrying value of fixed assets and their recoverable amounts are recognised as impairments. Impairment losses are recognised in the Statement of financial activities.
Tangible fixed assets are carried at cost, net of depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost of fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Long-term leasehold property
2% Straight line
1.6 INTEREST RECEIVABLE
Interest on funds held on deposit is included when receivable and the amount can be measured reliably by the charity; this is normally upon notification of the interest paid or payable by the Bank.
1.7 DEBTORS
Trade and other debtors are recognised at the settlement amount after any trade discount offered. Prepayments are valued at the amount prepaid net of any trade discounts due.
1.8 CASH AT BANK AND IN HAND
Cash at bank and in hand includes cash and short term highly liquid investments with a short maturity of three months or less from the date of acquisition or opening of the deposit or similar account.
1.9 LIABILITIES AND PROVISIONS
Liabilities are recognised when there is an obligation at the Balance sheet date as a result of a past event, it is probable that a transfer of economic benefit will be required in settlement, and the amount of the settlement can be estimated reliably. Liabilities are recognised at the amount that the charity anticipates it will pay to settle the debt or the amount it has received as advanced payments for the goods or services it must provide. Provisions are measured at the best estimate of the amounts required to settle the obligation. Where the effect of the time value of money is material, the provision is based on the present value of those amounts, discounted at the pre-tax discount rate that reflects the risks specific to the liability. The unwinding of the discount is recognised within interest payable and similar charges.
1.10 FINANCIAL INSTRUMENTS
The charity only has financial assets and financial liabilities of a kind that qualify as basic financial instruments. Basic financial instruments are initially recognised at transaction value and subsequently measured at their settlement value with the exception of bank loans which are subsequently measured at amortised cost using the effective interest method.
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THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF ALL SAINTS' ISLEWORTH
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023
1. ACCOUNTING POLICIES (continued)
1.11 FUND ACCOUNTING
General funds are unrestricted funds which are available for use at the discretion of the Trustees in furtherance of the general objectives of the charity and which have not been designated for other purposes.
Restricted funds are funds which are to be used in accordance with specific restrictions imposed by donors or which have been raised by the charity for particular purposes. The costs of raising and administering such funds are charged against the specific fund. The aim and use of each restricted fund is set out in the notes to the financial statements.
2. INCOME FROM DONATIONS AND LEGACIES
| Unrestricted funds 2023 £ Donations and legacies 141,088 Grants 24,885 Total donations and legacies 165,973 Total 2022 34,255 |
Restricted funds 2023 £ - - - - |
Total funds 2023 £ 141,088 24,885 165,973 34,255 |
Total funds 2022 £ 34,255 - |
|---|---|---|---|
| 34,255 | |||
3. FUNDRAISING INCOME
| Unrestricted funds 2023 £ Afternoon teas - Recitals, concerts etc 6,988 Pre-school rental 15,000 Long room hire 2,358 Garage hire 1,680 Weddings - Funerals 592 26,618 Total 2022 30,571 |
Restricted funds 2023 £ - - - - - - - - - |
Total funds 2023 £ - 6,988 15,000 2,358 1,680 - 592 26,618 30,571 |
Total funds 2022 £ 1,190 8,702 16,250 1,463 1,680 236 1,050 30,571 |
|---|---|---|---|
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THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF ALL SAINTS' ISLEWORTH
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023
4. INVESTMENT INCOME
| Unrestricted funds 2023 £ Investment income 15,950 Interest income 17,026 32,976 Total 2022 32,397 DIRECT COSTS PCC Activities £ Mission and evangelism costs 679 Total 2022 1,764 |
Unrestricted funds 2023 £ Investment income 15,950 Interest income 17,026 32,976 Total 2022 32,397 DIRECT COSTS PCC Activities £ Mission and evangelism costs 679 Total 2022 1,764 |
Unrestricted funds 2023 £ Investment income 15,950 Interest income 17,026 32,976 Total 2022 32,397 DIRECT COSTS PCC Activities £ Mission and evangelism costs 679 Total 2022 1,764 |
Restricted funds 2023 £ - - - - Appeals £ - 110 |
Total funds 2023 £ 15,950 17,026 32,976 32,397 Total 2023 £ 679 1,874 |
Total funds 2022 £ 17,850 14,547 32,397 |
|
|---|---|---|---|---|---|---|
| Total 2022 £ 1,874 |
||||||
| 1,764 |
5. DIRECT COSTS
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THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF ALL SAINTS' ISLEWORTH
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023
6. SUPPORT COSTS
| Water charges Insurance Light and heat Statutory fees Flat roof repair costs London Diocesan Common fund Office costs Organist fees Cleaning costs Repairs and maintenance Clergy expenses Music expenses Property costs Priest costs Exceptional costs Mortgage interest costs Bank charges Depreciation Subtotal Other support costs Total 2022 |
PCC Activities £ 2,921 3,482 11,249 - - 48,030 3,692 6,501 1,489 41,520 258 1,098 2,362 46 - 1,643 177 4,954 129,422 - 129,422 86,984 |
Total 2023 £ 2,921 3,482 11,249 - - 48,030 3,692 6,501 1,489 41,520 258 1,098 2,362 46 - 1,643 177 4,954 129,422 - 129,422 86,984 |
Total 2022 £ 234 3,723 6,952 200 1,997 48,000 3,311 7,683 1,316 2,526 - 911 4,782 46 85 - 263 4,954 |
|---|---|---|---|
| 86,983 1 |
|||
| 86,984 | |||
7. GOVERNANCE COSTS
| GOVERNANCE COSTS | ||||
|---|---|---|---|---|
| Unrestricted | Restricted | Total | Total | |
| funds | funds | funds | funds | |
| 2023 | 2023 | 2023 | 2022 | |
| £ | £ | £ | £ | |
| Accountancy | 1,254 | - | 1,254 | 1,482 |
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THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF ALL SAINTS' ISLEWORTH
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023
8. ANALYSIS OF EXPENDITURE BY EXPENDITURE TYPE
| ANALYSIS OF EXPENDITURE BY EXPENDITURE TYPE | ||
|---|---|---|
| Depreciation Other costs 2023 £ 2023 £ Charitable activities 4,954 125,147 British Legion - - CHARITABLE ACTIVITIES 4,954 125,147 EXPENDITURE ON GOVERNANCE - 1,254 4,954 126,401 Total 2022 4,954 85,385 |
Total 2023 £ 130,101 - 130,101 1,254 131,355 90,339 |
Total 2022 £ 88,747 110 88,857 |
| 1,482 90,339 |
||
9. NET INCOME/(EXPENDITURE)
This is stated after charging:
| 2023 | 2022 | |
|---|---|---|
| £ | £ | |
| Depreciation of tangible fixed assets: | ||
| - owned by the charity | 4,954 | 4,954 |
During the year, no Trustees received any remuneration (2022 - £NIL). During the year, no Trustees received any benefits in kind (2022 - £NIL). During the year, no Trustees received any reimbursement of expenses (2022 - £NIL).
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THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF ALL SAINTS' ISLEWORTH
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023
10. TANGIBLE FIXED ASSETS
| COST At 1 January 2023 and 31 December 2023 DEPRECIATION At 1 January 2023 Charge for the year At 31 December 2023 NET BOOK VALUE At 31 December 2023 At 31 December 2022 11. DEBTORS Other debtors 12. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR Other creditors |
2023 £ 34,683 2023 £ 4,750 |
Long-term leasehold property £ 247,691 |
|---|---|---|
| 49,540 4,954 |
||
| 54,494 | ||
| 193,197 | ||
| 198,151 | ||
| 2022 £ 25,978 |
||
| 2022 £ 4,750 |
Included in creditors falling due within one year is a balance of £3,299 which is secured on a property owned by the Parochial Church Council
13. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
| 2023 | 2022 | |
|---|---|---|
| £ | £ | |
| Other creditors | 5,992 | 10,292 |
Included in creditors falling due after more than one year is a balance of £5,992 which is secured on a property owned by the Parochial Church Council
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THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF ALL SAINTS' ISLEWORTH
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023
14. STATEMENT OF FUNDS
STATEMENT OF FUNDS - CURRENT YEAR
| STATEMENT OF FUNDS - CURRENT YEAR | ||||||||
|---|---|---|---|---|---|---|---|---|
| Balance at | ||||||||
| Balance at | 31 | |||||||
| 1 January | December | |||||||
| 2023 | Income Expenditure | 2023 | ||||||
| £ | £ | £ | £ | |||||
| UNRESTRICTED FUNDS | ||||||||
| General Funds - all funds 69,058 |
225,567 | (126,401) | 168,224 | |||||
| RESTRICTED FUNDS | ||||||||
| Hepple Close 149,250 |
- | (4,954) | 144,296 | |||||
| Youth fund 103 |
- | - | 103 | |||||
| Vicars Board 500 |
- | - | 500 | |||||
| Joshua Chapel 5,000 |
- | - | 5,000 | |||||
| 50th Building 2,720 |
- | - | 2,720 | |||||
| Covid grant 21,116 |
- | - | 21,116 | |||||
| 178,689 | - | (4,954) | 173,735 | |||||
| The restricted funds remaining at the end of the year are as follows: | ||||||||
| Hepple Close - Comprises a grant provided to purchase a property to provide accomodation | for churc | h | ||||||
| staff | ||||||||
| Youth fund - Created following grants income received to specifically fund youth work in the Church | ||||||||
| Vicars Board - a fund created to fund this work following a receipt of a donation | for this purpose. | |||||||
| Joshua Chapel - a fund created to fund this work following a receipt of a donation for this purpose. | ||||||||
| 50th Building - a fund created to fund church building work | ||||||||
| Covid grant - A fund created following receipt of a grant to assist with | the | costs of the | C | oronaviru | ||||
| pandemic. | ||||||||
| Total of funds 247,747 |
225,567 | (131,355) | 341,959 | |||||
| STATEMENT OF FUNDS - PRIOR YEAR | ||||||||
| Balance at | ||||||||
| Balance at | 31 | |||||||
| 1 January | December | |||||||
| 2022 | Income Expenditure |
2022 | ||||||
| £ | £ | £ | £ | |||||
| General Funds - all funds 57,136 |
97,223 | (85,302) | 69,057 |
Hepple Close - Comprises a grant provided to purchase a property to provide accomodation for church staff
Covid grant - A fund created following receipt of a grant to assist with the costs of the Coronavirus pandemic.
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THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF ALL SAINTS' ISLEWORTH
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023
14. STATEMENT OF FUNDS (continued)
RESTRICTED FUNDS
| RESTRICTED FUNDS | ||||
|---|---|---|---|---|
| Hepple Close Youth fund Vicars Board Joshua Chapel 50th Building Covid grant |
154,203 103 500 5,000 2,720 21,201 183,727 |
- - - - - - - |
(4,954) - - - - (84) (5,038) |
149,249 103 500 5,000 2,720 21,117 |
| 178,689 |
SUMMARY OF FUNDS - CURRENT YEAR
| General funds Restricted funds SUMMARY OF FUNDS - PRIOR YEAR General funds Restricted funds |
Balance at 1 January 2023 £ 69,058 178,689 247,747 Balance at 1 January 2022 £ 57,136 183,727 240,863 |
Income Expenditure £ £ 225,567 (126,401) - (4,954) 225,567 (131,355) Income Expenditure £ £ 97,223 (85,302) - (5,038) 97,223 (90,340) |
Balance at 31 December 2023 £ 168,224 173,735 |
|---|---|---|---|
| 341,959 | |||
| Balance at 31 December 2022 £ 69,057 178,689 |
|||
| 247,746 |
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THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF ALL SAINTS' ISLEWORTH
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023
15. ANALYSIS OF NET ASSETS BETWEEN FUNDS
ANALYSIS OF NET ASSETS BETWEEN FUNDS - CURRENT YEAR
| Unrestricted funds 2023 £ Tangible fixed assets 19,461 Current assets 159,504 Creditors due within one year (4,749) Creditors due in more than one year (5,992) 168,224 |
Restricted funds 2023 £ 173,735 - - - 173,735 |
Total funds 2023 £ 193,196 159,504 (4,749) (5,992) 341,959 |
|---|---|---|
ANALYSIS OF NET ASSETS BETWEEN FUNDS - PRIOR YEAR
| Unrestricted funds 2022 £ Tangible fixed assets 19,460 Current assets 64,638 Creditors due within one year (4,749) Creditors due in more than one year (10,292) 69,057 |
Restricted funds 2022 £ 178,689 - - - 178,689 |
Total funds 2022 £ 198,150 64,638 (4,749) (10,292) 247,747 |
|---|---|---|
16. RECONCILIATION OF NET MOVEMENT IN FUNDS TO NET CASH FLOW FROM OPERATING ACTIVITIES
| Net income for the year (as per Statement of Financial Activities) Adjustment for: Depreciation charges Decrease/(increase) in debtors Decrease in creditors Net cash provided by operating activities 17. ANALYSIS OF CASH AND CASH EQUIVALENTS Cash in hand Total |
2023 £ 94,212 4,954 2 (4,301) 94,867 2023 £ 124,821 124,821 |
2022 £ 6,883 4,954 (4,960) (6,224) |
|---|---|---|
| 653 | ||
| 2022 £ 38,660 |
||
| 38,660 |
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THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF ALL SAINTS' ISLEWORTH
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023
18. CHARITY DETAILS
The Parochial Church Council of the Ecclesiastical Parish of All Saints’ Isleworth is a registered charity, charity number 1134944. The Charity operates from 63 Church Street, Isleworth Middlesex TW7 6BE.
The activities of the Charity are to promote in the Ecclsiastical Parish the whole mission of the Church.
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