St Anne's Church, Worksop- Annual Accounts 2023 Financial Statements Looking back at 2023.. Our 2023 Financial Report and Accounts have now been finalised and signed off by N Williamson & Co, our independent examiner, and a copy is attached. 11 comè endituie Regular Income from standing order5, envelopes, contactle55 and cash collection5 was down from last year. Total receipts for 2023 were £41,401 compared to £60.924 in 2022. Thi5 deficit is due to the boiler donation5 received last year and 2023 Gift Aid on donation5 has not been clalmed yet. other receipt5 have increased from £25,676 in 2022 to £35.527 in 2023. Although. 2023 Parochial Fees still need to be paid, to the Dloce5e, from this figure. Recharging the Youth Toam Leader to Outwood Portland ha5 generated £4,806 of income. The PCC are very thankful to all who contribute financially. Despite your generosity the General Fund deficit for the year was over the amount budgeted at the beginnin8 of the year. The General Fund14' page of financial statements) 15 the fund from which almost all runnin8 Costs of the Church are paid. This include5 Parish Share, staff salariès and expenses, heating. lighting, water, insurance, repairs and maintenance of building and grounds etc. These costs must be paid from income received during the year. As this yeals income only covered the substantial gas and electricity costs there Is a deficit on the General Fund. Amount5 need to be transferred from the Welham Legacy Fvnd to cover the deficit. Again, we are extremely thankful for the income received from the Garth Trust this year. The Garth Trust is an independent trust frir the benefit of St Anne's Cornmunity. Created in 1971. it has generously supported the work at St Anne's Church for rnany years. The tru5tee5 are the Vicar, Mr G R Adams and Mr T Sorby. The long-term goal of the PCC continues to be that a significant portion of the expenses are covered by donations and gifts from member5 of the congregation. Expenditure was managed carefully but increasing utilities saw gas foi the Church costing £13,434 and electricity £4.772 additionally for the Hall 83$ Cost £9,195 and electrictty £2,405. Gas and electricity costs from the General Fund was £29,806 and £6,750 was paid from a SND8F Energy Grant. Total gas and electricity C05t5 for 2023 were £36.556. We have also achieved full payment tsf Parish Share. which increased by £3,948. 2022 was £59,304 and 2023 was £63,252. Additionally. repairs and maintenance costs included £504 for a new water heater and £3,043 on general maintenance and statutory inspectlons. We continue to be a Children's and Family Flagship Church and Youth Hub. Claiming a SDF4 IStrateÉic Development Fund) grant of £25,647 to pay the full salary of our Youth Team Leader and £9,124 towards the costs of our Family and Children'5 Team Leader. Additionally, a SNDBF Grant for £900, help to support the cost of hosting Alpha courses 17, page of the financial statement51, was secured. W Iham Le Fund In 2011, St Anne's PCC received a generous legacy. After tithing, the surn of £180.000 was invested in a Barclays Wealth investrnent fund. and the PCC designated the legacy to be used to employ a youth worker. As our Youth Team Leaderfs salary is now covered by the SDF4 8rant, detailed above. the PCC have consequently designated the monie5 from the Welham Legacy Fund be used to fund children's and youth's activities to grow our younger congregation. The market value of the Welham Legacy Fund at the end of the year was £63.506, consisting of £62,027 in Barclays Wealth and £1,479 in a CCLA deposit account. me and Ex enditur Hall income16' page of the financial statements) increased this year to £4,471, compared to E4,013 in 2022. However. runnin8 Costs of £15,017 resulted in a deficit for the year, so it was neSsary to Iransfer £12.044 from the General Fund to the Hall Fund. Page I 27
HSBC current account has a balance of £12,018. Fabric Fund & Bell Fund The balances of the Fabric Fund and Bell Fund increased slightly due to investment interest. 80th funds are restricted in that the funds are for the sole purpose of maintenance of the Church and the Church bells respeetively. There are no current plans lor any expenditure from either fund. All Grant Funding received have been spent ip the year. Reserves Polic The PCC policy is to ensure that the balance on unrestricted funds equates to at least three months payments from these funds. Total payments from unrestricted fund5 in 2023 were £116,459 from the General Fund and E16,515 from the Hall Fund. Therefore, the target for 2024 is to have a minimum balance of £33,000 in the unrestricted funds. The money in the CBF Church of England The finanual statements have been prepared in accordance with the Charities Act 2011 and the Church Accounting Regulations 2006 together with applicable accounting standard5. Funds are shown as Èither unrestrictèd lavailable for application on the general purposes of the PCCI, designated Icurrently set aside for a particular purpose by the PCCI or restricted (available exclusively for a particular purposel. The accounts indude all transactions, assets and liabilities for which the PCC is responsible in law, and do not include the accounts of church groups that owe their main affiliation to another body. All items less than £500 are deemed immaterial and included as sundrie5 unless they are considered relevant to the reading of the accounts. The accounts have been prepared on a Teceipts and payments basis as required due to the income being less than £250,000. Surnmar It has been a challenging year with increasing operational costs and operating reserves continuin8 to be at an absolute rninimum leve5. The PCC is continuing to Monitor this situation closely and pray that our church'5 finBnce5 will stablllse. money w511 be spent wisely. and that members of the congregation will continue to give generously and regularly, so that God's work at and through St Anne's Church will not be hindered by financial needs. Page 2
St Anne's Church, Worksop Financial Statements for year ending December 31, 2023 Recei ts and Pa ments Account summa Unrestrictèd Deslgnated Funds Funds (General, Hall) Iwelhaml Restrictèd Funds IBells, Fabric. Granlsl Endowment Funds Total 2023 Total 2022 Receipts Voluntary income Weddings and funerals Aclivilies for generating funds Investment income other incomè Hzll income Paiish magazine 41.401 5,621 2,158 33 32,582 4.261 1.171 87,227 139 41,540 5,621 2.158 3,132 76.483 4,261 1.171 134.366 60.969 3.754 819 3,245 62.826 4,013 1,683 137.309 2.736 354 43,901 2,736 44,394 Transfers 28,076 28,076 5,787 115,303 2.736 44,394 182,442 143.096 Payments Parish Share Mission Staffing costs Staff expenses Church actlVlLies Church manageent and administralionlgovernance Parish rnagJne Charities Hall management and administration 63,252 63,252 143 19,127 10,224 69,932 59,304 841 21.346 6,935 48.499 5.167 5,004 25,986 13,960 5,220 43.946 13,754 2,225 352 13,754 2,225 352 31,859 1,715 1,108 17.091 17,091 6.220 132,974 19,180 21,031 196,100 21,031 177.827 5,207 Transfers 132,974 40,211 43,946 217,131 183,034 ExcessllDefiotl of Receipts over Payments -17.671 -37,475 .54,689 49,938 Realised Galn on sale of investments 6,247 6.247 Balances brought fOard 17,674 94,734 8.303 3.009 123,720 163.658 63,506 8.751 3.018 75,278 123,720 Page 3 24-.
St Anne's Church, Worksop Financial Statements for year ending December 31, 2023 atem nt A ets and Liabiliti 2023 2022 Cash Funds.. HSBC current account TSB current accout CCLA investment account 2 Shires Ciedit Unn Stiipe laccount for on-line donats"on51 Sutnup (contactless donations) Petty cash CBF and SDBF trust lunds 12.018 1.692 9.924 100 27.642 1,110 9,616 100 129 3.018 93 3,009 Total Cash 26,881 41,570 Investment Assets.. Barclays Wealth at cost Imaikel value at 31st December 2023 £62,027.23) 48,397 82.150 Total Cash Funds and Inveslrnenl Assets 75,278 123.720 Fixed Assets.. Hand bells 12,070 12,070 Prepaid in¢ome and accrued expenses Note¥ 1. The financial statements ol the PCC have been prepared in accordance with the Church Accounting Regtjlations 2006 using the Receipts and Payments Accounts basis. 2. The fr>llowing assets are recognised but not necess8rily valued in the statement of Assets and Liabilities. Movable church fumishings vested in the Church W8rdens on special Itust for the PCC and which require a faculty for disposal. 3. Fixtures, fittings and equipment where the PCC is free to dlspose of such assets without faculty, are depreciated on a strarght line basis ovor 4 years and therefore do not include any item purchased over 4 years ago or whwe the original cost did not exceed £1,000. These financBI statements were approved by the St Annè's Parochial ChurGh Council on 19th March 2024 and signed on its behalf by.. fvlrs L Stones- Trustee Mrs T Pink- Trustee Page 4 25
St Anne's Church, Worksop Financial Statements for year endina December 31 , 2023 General unrestricted Fund Recei ts and Pa ments Ac unt 2023 2022 Recelpts Donations.. Standing ord81$ Envelope sGherlles and one-off donation8 Income tax ie¢overèd General collections Advenl gifts Boilor donatlons Legacies 26,454 2,120 147 7,078 27,317 1.645 8.919 6.723 1,075 9.745 5.500 60,924 5,000 41,401 Church activitie8.' Weddings ad funerals other aclivilie5 5,621 417 6,038 3,754 3,898 7,652 Other.. Activities lor generating funds Mission and charities Investment in¢otne Parish magazine Grant ieeeived Fees Garth Trust Youth Tearn Leader recharge VAT refund 2,158 819 653 33 1,171 1.683 24,359 4,806 3,000 35,527 22,425 25,678 Total receipts 82,966 94,252 Payments Ministry and Mission. Parfsh share of Diocesan budget Mission 63,252 143 59,304 841 Clergy and stsffing costs.. Cl8r9y expenses Administrator Youth Group Icampl 4.658 5,513 4.278 5,148 3,895 Cost of church activities Cost of managemenV8dmin Goveinance ¢05tS Parish magazine Crar.t Db'rchases Mission and Charities Ulililies. insuran. s¢Jpplies elc Repairs, maintenance, printing, stalk)nery etc Independent examiner. trainin9 courses elc Printing 25.986 12.923 831 2.225 576 352 9,634 29,290 2,S69 1,715 See la31 page of finanaal statements 1.108 116,459 117,782 Excess of payments ovèr iec8ipts -33,493 -23,530 Transfei to Hall Fund to cover def11 for year Transfei of surplus in Fees Fund Transfer from Fabric fund to cover Church Fabr expenses Transfer from Welham Legacy Fund -12,254 7,045 -2.207 580 3.000 21.031 Balanc• of General Fund at be9innin9 of year 17,671 39,828 Balance of General Fund at end of year 17,671 Page 5
st Anne's Church, Worksop Financial Statements for year ending December 31, 2023 Hall unrestricted Fund Recei ts and Pa ments Account 2023 2022 Receipts". Charges and donations 4,261 4,261 4,013 4,013 Payments.. Utilities and insurance Cleaning Mainten8nce, appliances and refuse disposal 15,017 4,236 1.498 16,515 1,984 6,220 Excess ol Payments over Receipts Transfer from General Fund to cover defiat for year Balance of H?11 Fund at beginning gf year -12,254 12.254 -2.207 2.207 Balance of Hall Fund at end of year Welham Le ac desi nated Fund Recei ts and Pa ments Account Receipts.. Investment income Grant 2,736 2,989 2,736 2.989 Paytnents.. Youth Team Leader salary Intern salary Childen Team Leader salary Youth & Chlldien Team Leader expenses 95 1,433 12,432 5,220 19,180 539 12.110 2,311 14,960 Excess of paymen15 over receipts Transfer to General Fund RealisecS Gain on sale of investments Balance of Welham Lègacy Fund at cost at beginnlng of year -16,444 -21.031 6.247 94,734 -11,971 106,705 Balance of Welham Legacy Fund at cost at end of year 63,508 94,734 As at 31 December 2023, the market value of the Fund was £83.591, which consiste(l of £62,027 iTrvested with Bardays Wealth, £11.948 in a ¢urrenl account wilh HSBC and £9,616 in a deposit account with CCLA. The market value at 31 December 2022 was £110,767. Bell restricted Fund Recei ts and Pa ments Account Receipts.. Donations Interest 139 98 237 45 45 45 90 63 Payments Sundry Excess of receip15 over payments Balance of B•ll Fund at bèginnlng of yèar 192 27 5.688 B#lane& of Bell Fund at end of year 5,907 5,71S Pag96
St Anne's Church, Worksop Financial Statements for year ending December 31, 2023 2023 2022 Fabric restricted Fund Recei tsandPa ments Account Receipts.. Interest CBF Trust 210 46 256 107 3,000 PayrnÈnls'. Transfer to general fund Excess of rèceipts over payments Balance of Fabric Fund at beginning of year 256 2,588 -2,893 S,481 Balance of Fabric Fund at end of year 2.844 2.588 Grants restricted Fund Recei ts and Pa ments Account Receipt- SDF4 Youth Team Leader grant Receipt- SDF4 Children Team Leader grant (salary & expense51 Receipt- SNDBF Café Church Receipt- SNDBF Energy Payment Reipt- SNDBF Grant Reip1- SOF4 Intern urant Reipt - Groundwork UK grant ITescol 25,647 9,124 1.480 6,750 900 24,720 7,130 3.000 1,000 35,850 43,901 Payment- equipment purchased with Diocese grant Payment- grant purchases Payrnenl- SDF4 Youth Team Leader grant Isalaryl PayrnÈnl- SDF4 Children Team Leader grant IsaLary & expenses) Payment- SNDBF Café Church Payment- SNDBF Energy Payment Payment- SND8F Grant Payment- SDF4 Intern grant Payment- youth equipment 2,952 24,720 7,130 25,647 9,124 1,480 6,750 900 3,000 1.000 38,802 -2,952 2,952 43.901 Excess of receipts over payments 8alan¢e of Grants Fund at beginning of year Balance of Grants Fund at end of year Endowment Fund Recei ts and Pa ments Account Balance of Endowment Fund at b&yinning of year Interest retained 3,009 3,001 Balance of Endowment Fund at end of year 3.018 3,009 Page 7
Mission and Charities Pa ments 2023 2022 Compassion UK Children's Society Banardo's Macmillan Teal Fund Church and home group sponsor8hlp Christingle serVe Funeral collection Donations The Big Quiz 352 552 150 200 54 152 352 1,108 Page 8
St Anne's Church, Worksop - Annual Accounts 2023 Independent Examiner's Report to the Trustees of St Anne's Church Parochlal Church Council I report to the trustees on my examination of the accounts of the charity ( the Trust") for the year ended 31 December 2023. Responsibilities and basis of report As the charity's trustees, you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 1"Ihe Act'l. I report in respect Of my examination of the Trust'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 14515llbl of the Act. Independent examiner's statement I have completed my examination. I confirm that no material mallers have come to my allenlion in connection with the examination giving me cause to believe that in any material respect.. accounting records were not kept in respect of the trust as required by section 130 of the Acl., or 2. the accounts do not accord with those records,. or 3. the accounts do not comply with the applicable requirements concerning the form and conlenl of accounts sel out in the Gharities (Accounts and Reports) Regulations 2008 other than any requirement that the accounts give a INe 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 lo enable a proper understanding of the accounts to be reached. C Gillatt FCCA For and on behalf of N Williamson & Co Chartered Certified Accountants 21 Potter Street. Woiksop. S80 2AE 12 March 2024 Page g