2023-12-31-accounts

REGISTERED CHARITY NUMBER: 1135244

REPORT OF THE TRUSTEES AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023

FOR

THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF SUNNINGHILL AND SOUTH ASCOT

Ford Bentall LLP Chartered Certified Accountants 60 High Street Chobham Surrey GU24 8AA

THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF SUNNINGHILL AND SOUTH ASCOT

CONTENTS OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023

		Page
Report of the Trustees	1	to	6
Independent Examiner's Report		7
Statement of Financial Activities	8	to	9
Balance Sheet		10
Notes to the Financial Statements	11	to	21
Detailed Statement of Financial Activities	22	to	23

THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF SUNNINGHILL AND SOUTH ASCOT

REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 DECEMBER 2023

The trustees present their report with the financial statements of the charity for the year ended 31 December 2023. The trustees have adopted the provisions of Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019).

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THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF SUNNINGHILL AND SOUTH ASCOT

REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 DECEMBER 2023

OBJECTIVES AND ACTIVITIES Objectives and aims

CHURCHWARDENS REPORT FOR 2023

This has been the first full year for our new Vicar, Tansley.

Perhaps the most significant change that has been successfully introduced is by Tansley and agreed by the PCC has been a re-structuring of the PCC away from separate church teams to a system of sub-committees (to which members of the congregations with specific relevant skills may be invited to join). The aim of this re-structuring was, firstly, to enable members of the PCC to direct their time and effort in a way which appeals to their interests and which best utilises their skills and expertise. In addition, it has reduced the number of meetings that individual PCC members are expected to attend annually and made them more focussed. Furthermore, it has provided a way in which we can encourage other members of the congregations to be involved in the life of the churches. This also helps us in succession planning.

The PCC now has 5 sub-committees (plus the Standing Committee) as follows:

• PCC

• Standing Committee

Ministry and Worship. Mission and Outreach. Finance. Buildings and Fabric. Events and Fundraising.

Deanery Synod Representatives

Meetings of the main body of the PCC have been reduced to 3 times per year (November, March, June) plus a short meeting immediately following the APCM to elect formally new PCC members.

Each sub-group has defined terms of reference and is accountable to the PCC but has a certain level of autonomy to make and act on decisions. Where the decisions are large and require whole PCC discussion and approval, the sub-committee's role is to place specific proposals or options to the PCC.

Each sub-committee and is led by either the vicar or a church warden and meets at least once between each PCC meeting, and a written report (a paragraph or two) provided to the PCC in advance of the meeting.

In addition, we have moved to a central operating structure to increase efficiency and contain costs. There is now one church office which moves between the two churches, and which will soon be set up on a new operating structure with new IT systems which will ensure that there is less repetition and processes are more streamlined. This work has been generously sponsored by a member of our congregation.

During the year, we have lost our curate, Rev Sarah Mortimer, who has taken a post in Bicester as well as Rev Vusi Mabusa who has moved to the Diocese of Guildford. We wish them both great success and happiness in their new roles.

All Souls' Church has become a welcoming Community hub for a variety of activities. The Church Coffee Shop continues to thrive on weekdays from 10 am to midday and there are other groups who use church as their venue like Chat and Craft and French Conversation. RBWM approached All Souls as a centre for a short course of Baby Massage in January as we are a Warm Hub. The latest community activity takes place weekly on Fridays from 1pm to 2pm. This is the Share Foodbank which has proved very successful. The mainly fresh food is donated weekly by local supermarkets, and, with a regular band of volunteers, we are able to aid food poverty and prevent food waste. No referrals are needed for members the community to collect a bag of food. Between 40 and 50 people attend weekly, and they are feeding 120 to 150 people in their families.

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THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF SUNNINGHILL AND SOUTH ASCOT

REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 DECEMBER 2023

At St Michaels, we are grateful to have seen a marked increase in numbers at the family service, back to pre-covid levels, and have been welcoming newcomers to both our family-friendly and BCP services. Our choir, after a difficult couple of months, is now well-established but would welcome new members to strengthen numbers! There have been some innovative new services during the year, as well as valuing our more traditional annual services, such as the annual carol concert, Christmas Eve Carols and Lessons and our Remembrance Day service. Fund-raising has continued with the success of our annual carol concert and a recent quiz night.

With the high cost of energy in both the Churches, we are aware that our finances are under continual scrutiny, but we have been able to apply for grants towards some of these costs. The Parish welcomes one off donations and regular planned giving to help towards our running costs.

Looking ahead, the Parish's finances remain challenged. We seem unable to achieve our ambition of meeting our annual overhead through regular giving. This leaves us reliant on fund-raising, generous one-off legacies and donations, for which we must be hugely grateful, but the levels of regular giving are such that our financial position is parlous. At St Michael's, we are continuing to prioritise capital investment. Current projects under consideration include how we make the church more accessible for people with disabilities as well as work which is urgently needed to increase the availability of spaces for the interment of ashes. The church hall at All Souls' needs an enormous amount of money spent on it to bring it up to standard. Our challenge will be establishing the returns we might then get from higher rents and whether the level of investment is worthwhile. In addition, it would be wonderful to be able to install a new kitchen so that we could use the church more effectively as a local hub and extend our mission more widely into the community.

We look forward to the coming year with excitement as we continue our commitment to grow the church congregations and engage increasingly with the broader community in which we live.

Kate Bolsover, Vanessa Cummings, Sandra Stansfield Churchwardens of Sunninghill & South Ascot Parish. April 2024

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THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF SUNNINGHILL AND SOUTH ASCOT

REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 DECEMBER 2023

FINANCIAL REVIEW

For the year ending 31 December 2023, All Souls' produced a surplus of £9,688, although £23,000 of that is one-off expenditure which can be met from reserves. Overall, it therefore made a operating surplus of over £32,688. St Michaels' made a surplus of £22,777. However, St Michael's had one-off income from a legacy of £40,000 and a further gift of £10,000. The latter includes an advance payment for our IT project, so in effect St Michael's made an operating deficit of £27,223. The key thing to note is that

regular giving of roughly £67,095 does not even cover the cost of parish share at St Michael's (£71,903). In the same year, All Souls' took in regular giving of £31,097 against a parish share of £23,362. Otherwise, costs have come in pretty much as expected and are about as low as we can keep them while keeping the churches open and operating. Henceforth, it our intention to take major donations and legacies into reserves in order to provide against future deficits and capital projects (such as a new roof or organ) rather than using them to subsidise annual running costs. This is a more conservative way of accounting but one which the PCC considers both wise and prudent.

In the coming year, the PCC has agreed that it will be combining the finances of the two churches into one parish-wide set of accounts to reflect the integrated approach we are now taking to administration and management of the parish as a whole. Prioritisation of expenditure and income will be taken in a more systematic and coordinated fashion, using reserves wisely and with an eye to ensuring a sensible return for any investment made. In order to manage the parish more effectively and to support our vicar in the absence of any volunteers, we will be increasing the hours of paid work undertaken by our parish administration team. This, combined with the required work for All Souls' church hall means that your PCC has agreed to cover a budgeted deficit of in excess of £100,000 from reserves this year. This decision has been taken in order to get the parish onto an efficient platform to operate with greater efficiency. However, without a large increase in regular giving, we face bleak future prospects.

Capital and Reserves Funds

As at 31 December 2023 total capital and reserves for All Souls was £432,090, £283,567 of which is restricted as to the purpose to which the fund can be applied. This leaves unrestricted capital and reserves of £148,523 that can be used for any ecclesiastical purpose in the parish. Total reserves for St Michaels is £181,389, of which £23,569 is restricted.

The PCC will periodically review the availability of restricted funds and where appropriate advice will be sought to amend or remove the restrictions where desirable.

RESERVES POLICY

As recommended by both the Charity Commission and Church of England guidance the Parochial Church Council has approved a reserves policy in respect of both St Michael's & All Angels Church and All Souls church, which is to invest cautiously and with investments in either M & G Charifund, CCLA or similar St Michaels & All Angels

The St Michaels policy reflects routine church running costs, service costs and cyclical building repairs and maintenance but is not intended to cover in full "1 in 100 year" items or discretionary items such as major structural repairs or improvements. Such items would be covered as far as possible by grant applications and fundraising appeals with any shortfall met from reserves. The approved policy is to hold an agreed level of investments and cash in reserve (and therefore not to include these amounts when assessing general expenditure, setting the annual budget or considering any improvement plans or special projects). The amount held in reserve will be revisited each year and is based on the most recently available annual accounts.

In respect of the year ended 31 December 2023 this reserve has been maintained at £100,000 and in setting this figure the following factors were considered.

o The age of the church and its listed building status. Whilst a number of significant building projects have been completed in the last 3 years, there are still a number of items identified in the latest quinquennial review and through discussion with the church's architect.

o The level of general expenditure incurred in the running of the Church including employee costs and the extent of recent shortfalls

o Any money received in advance in respect of the magazine

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THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF SUNNINGHILL AND SOUTH ASCOT

REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 DECEMBER 2023

" Any committed expenditure in respect of office holders and individuals who provide services on a contract basis

The list of factors to consider will be reviewed each year when the reserves policy and amount is agreed.

All Souls

The All Souls policy reflects routine church running costs, service costs and cyclical building repairs and maintenance but is not intended to cover "1 in 100 year" items such as major structural repairs or improvements. The reserve policy is intended to provide the church with the flexibility to undertake improvements to the structure and fabric of the building and to develop the facilities available as the church continues to grow and develop for the future. The approved policy is to hold an agreed level of investments and cash in reserve (and therefore not to include these amounts when assessing general expenditure and setting the annual budget). The amount held in reserve will be revisited each year and is based on the most recently available annual accounts. In respect of the year ended 31 December 2023 this reserve has been set at no less than six months unrestricted expenditure and in arriving at this figure the following factors were considered.

o The age of the church and its listed building status

o The relatively modest level of recent expenditure on maintenance Routine and cyclical maintenance as identified in the latest quinquennial review and through discussion with the Church's architect o The high level of restricted funds available for repairs to the church and for the maintenance of the graveyard.

o The level of general expenditure incurred in the running of the Church including employee costs.

o Any committed expenditure in respect of office holders and individuals who provide services on a contract basis

o Any costs associated with improving the structure and fabric of the church as part of meeting the church's long-term growth and development plans

The list of factors to consider will be reviewed each year when the reserves policy and amount is agreed.

STRUCTURE, GOVERNANCE AND MANAGEMENT Governing document

The charity is controlled by its governing document, a deed of trust and constitutes an unincorporated charity.

REFERENCE AND ADMINISTRATIVE DETAILS Registered Charity number

1135244

Principal address

Church Lane Ascot Berkshire SL5 7DD

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THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF SUNNINGHILL AND SOUTH ASCOT

REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 DECEMBER 2023

Trustees

Mrs M Nichols LLM R Allen M Francescon Mrs K Bolsover Mr A Jones Ms A Catheya Mrs C Stokes Ms V Cummings Ms M Offord (resigned 30/9/2023) Ms S Stansfield Ms A Cameron Ms F Thomson Ms L Kimber Ms V Ward Ms P Cross Rev T Jordan

Independent Examiner K A Ford FCCA CTA Ford Bentall LLP Chartered Certified Accountants 60 High Street Chobham Surrey GU24 8AA

Advisers

Bankers Barclays Bank PLC, Ascot, Berkshire SL5 7JG REFERENCE AND ADMINISTRATIVE DETAILS

Registered Charity number 1135244 Principal address Church Lane Ascot Berkshire SL5 7DD

Approved by order of the board of trustees on ......................April 2024 and signed on its behalf by:

................................................................. Mrs K Bolsover - Trustee

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INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF SUNNINGHILL AND SOUTH ASCOT

Independent examiner's report to the trustees of The Parochial Church Council of the Ecclesiastical Parish of Sunninghill and South Ascot

I report to the charity trustees on my examination of the accounts of The Parochial Church Council of the Ecclesiastical Parish of Sunninghill and South Ascot (the Trust) for the year ended 31 December 2023.

Responsibilities and basis of report

As the charity trustees of the Trust you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 ('the Act').

I report in respect of my examination of the Trust's accounts carried out under Section 145 of the Act and in carrying out my examination I have followed all applicable Directions given by the Charity Commission under Section 145(5)(b) of the Act.

Independent examiner's statement

Since your charity's gross income exceeded £250,000 your examiner must be a member of a listed body. I can confirm that I am qualified to undertake the examination because I am a member of the Association of Chartered Certified Accountants, which is one of the listed bodies.

I have completed my examination. I confirm that no material matters have come to my attention in connection with the examination giving me cause to believe that in any material respect:

1. accounting records were not kept in respect of the Trust as required by Section 130 of the Act; 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 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.

K A Ford FCCA CTA

Ford Bentall LLP Chartered Certified Accountants 60 High Street Chobham Surrey GU24 8AA

Date: .............................................

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THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF SUNNINGHILL AND SOUTH ASCOT

STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 DECEMBER 2023

2023 Unrestricted Restricted Endowment Total funds funds funds funds Notes £ £ £ £ INCOME AND ENDOWMENTS FROM Donations and legacies 129,021 41,447 - 170,468 Charitable activities Fees - weddings, funerals etc 15,915 - - 15,915 Other Income 47,463 - - 47,463 Church Hall Income 37,965 - - 37,965 Other trading activities 2 41,944 - - 41,944 Investment income 3 1,098 6,092 - 7,190 Total 273,406 47,539 - 320,945 EXPENDITURE ON Raising funds 33,581 - - 33,581 Charitable activities Fees - weddings, funerals etc 6,333 - - 6,333 Charitable Donations 160 807 - 967 Parish Share 95,265 - - 95,265 Secretarial Expenses 15,770 - - 15,770 Clergy Expenses 2,665 - - 2,665 Church Running Costs 37,452 24,277 - 61,729 Church services 17,286 - - 17,286 Depreciation 24,376 - - 24,376 Children's Work - - - - Church repairs 6,007 23,854 - 29,861 Accountancy fees 4,972 - - 4,972 Legal & professional fees 111 - - 111 Church Hall running expenses 20,465 - - 20,465 Church Hall repairs & maintenance 1,555 - - 1,555 Other Expenses 480 - - 480 Total 266,478 48,938 - 315,416 Net gains/(losses) on investments 3,186 23,752 - 26,938 NET INCOME/(EXPENDITURE) 10,114 22,353 - 32,467 Transfers between funds 11 1,990 (1,990) - - Net movement in funds 12,104 20,363 - 32,467

2022 Total funds £ 176,612 11,733 15,934 28,480 50,436 11,855 295,050 34,635 7,275 6,463 95,869 15,270 15,656 50,060 2,368 18,515 560 20,627 3,929 - 19,024 1,791 2,845 294,887 (36,339) (36,176) - (36,176)

The notes form part of these financial statements

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THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF SUNNINGHILL AND SOUTH ASCOT

STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 DECEMBER 2023

2023 Unrestricted Restricted Endowment Total funds funds funds funds Notes £ £ £ £ RECONCILIATION OF FUNDS Total funds brought forward 294,239 286,773 - 581,012 TOTAL FUNDS CARRIED FORWARD 306,343 307,136 - 613,479	2022 Total funds £ 617,188
	581,012

The notes form part of these financial statements

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THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF SUNNINGHILL AND SOUTH ASCOT

BALANCE SHEET 31 DECEMBER 2023

Unrestricted funds Notes £ FIXED ASSETS Tangible assets 6 94,070 Investments 7 110,036 204,106 CURRENT ASSETS Debtors 8 33,279 Cash at bank and in hand 76,687 109,966 CREDITORS Amounts falling due within one year 9 (7,729) NET CURRENT ASSETS 102,237 TOTAL ASSETS LESS CURRENT LIABILITIES 306,343 NET ASSETS 306,343 FUNDS 11 Unrestricted funds Restricted funds TOTAL FUNDS	Restricted funds £ - 269,538 269,538 - 42,344 42,344 (4,746) 37,598 307,136 307,136	Endowment funds £ - - - - - - - - - -	2023 Total funds £ 94,070 379,574 473,644 33,279 119,031 152,310 (12,475) 139,835 613,479 613,479 306,343 307,136 613,479	2022 Total funds £ 115,151 369,937 485,088 26,063 144,744 170,807 (74,883) 95,924 581,012 581,012 294,239 286,773 581,012

The financial statements were approved by the Board of Trustees and authorised for issue on ......................April 2024 and were signed on its behalf by:

............................................. Mrs K Bolsover - Trustee

............................................. Ms V Cummings - Trustee

The notes form part of these financial statements

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THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF SUNNINGHILL AND SOUTH ASCOT

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023

1. ACCOUNTING POLICIES

Basis of preparing the financial statements

The financial statements of the charity, which is a public benefit entity under FRS 102, have been prepared in accordance with the Charities SORP (FRS 102) 'Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019)', Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Charities Act 2011. The financial statements have been prepared under the historical cost convention, with the exception of investments which are included at market value, as modified by the revaluation of certain assets.

Financial reporting standard 102 - reduced disclosure exemptions

The charity has taken advantage of the following disclosure exemptions in preparing these financial statements, as permitted by FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland':

• the requirements of Section 7 Statement of Cash Flows.

Income

All income is recognised in the Statement of Financial Activities once the charity has entitlement to the funds, it is probable that the income will be received and the amount can be measured reliably.

Expenditure

Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, 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 accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant and machinery - At variable rates Fixtures and fittings - 3 to 5 years on cost Computer equipment - Straight line over 4 years

Taxation

The church is exempt from tax on its charitable activities. Accordingly it is potentially exempt from taxation in respect of income and capital gains received to the extent that such income or gains are applied exclusively to charitable purposes. No provision for taxation has been made in these accounts.

Fund accounting

Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees.

Restricted funds can only be used for particular restricted purposes within the objects of the church. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes.

Endowments funds represent capital, held in perpetuity to create income for specific purposes.

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THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF SUNNINGHILL AND SOUTH ASCOT

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 DECEMBER 2023

2. OTHER TRADING ACTIVITIES

Charitable activity income 3. INVESTMENT INCOME Dividend Income Deposit account interest	2023 £ 41,944 2023 £ 6,102 1,088 7,190	2022 £ 50,436
		2022 £ 11,787 68
		11,855

4. TRUSTEES' REMUNERATION AND BENEFITS

There were no trustees' remuneration or other benefits for the year ended 31 December 2023 nor for the year ended 31 December 2022.

Trustees' expenses

There were no trustees' expenses paid for the year ended 31 December 2022 nor for the year ended 31 December 2021. Amounts of £nil (2021 - £367) were paid to Rev S Johnson to reimburse expenses necessarily incurred in his role as Vicar.

5.

COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES Unrestricted Restricted Endowment funds funds funds £ £ £ INCOME AND ENDOWMENTS FROM Donations and legacies 156,191 20,421 - Charitable activities Fees - weddings, funerals etc 11,733 - - Other Income 13,234 2,700 - Church Hall Income 28,480 - - Other trading activities 50,436 - - Investment income 745 11,110 - Total 260,819 34,231 - EXPENDITURE ON Raising funds 34,635 - - Charitable activities Fees - weddings, funerals etc 7,275 - - Charitable Donations 5,623 840 - Parish Share 95,869 - - Secretarial Expenses 15,270 - - Clergy Expenses 15,656 - - Church Running Costs 29,760 20,300 -	Total funds £ 176,612 11,733 15,934 28,480 50,436 11,855
	295,050
	34,635 7,275 6,463 95,869 15,270 15,656 50,060

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THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF SUNNINGHILL AND SOUTH ASCOT

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 DECEMBER 2023

5. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES - continued Unrestricted Restricted Endowment funds funds funds £ £ £ Church services 2,368 - - Depreciation 18,515 - - Children's Work 560 - - Church repairs 7,179 13,448 - Accountancy fees 3,929 - - Church Hall running expenses 19,024 - - Church Hall repairs & maintenance 1,791 - - Other Expenses - 2,845 - Total 257,454 37,433 - Net gains/(losses) on investments (859) (35,480) - NET INCOME/(EXPENDITURE) 2,506 (38,682) - Transfers between funds 102,166 (102,166) - Net movement in funds 104,672 (140,848) - RECONCILIATION OF FUNDS Total funds brought forward 189,568 427,620 - TOTAL FUNDS CARRIED FORWARD 294,240 286,772 - 6. TANGIBLE FIXED ASSETS Fixtures Plant and and Computer machinery fittings equipment £ £ £ COST At 1 January 2023 193,834 80,132 2,813 Additions - 3,295 - At 31 December 2023 193,834 83,427 2,813 DEPRECIATION At 1 January 2023 81,640 77,959 2,029 Charge for year 22,448 1,459 469 At 31 December 2023 104,088 79,418 2,498 NET BOOK VALUE At 31 December 2023 89,746 4,009 315 At 31 December 2022 112,194 2,173 784

Total funds £ 2,368 18,515 560 20,627 3,929 19,024 1,791 2,845 294,887 (36,339) (36,176) - (36,176) 617,188 581,012 Totals £ 276,779 3,295 280,074 161,628 24,376 186,004 94,070 115,151

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THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF SUNNINGHILL AND SOUTH ASCOT

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 DECEMBER 2023

7. FIXED ASSET INVESTMENTS

FIXED ASSET INVESTMENTS
	Cash and
	settlements
	pending
	£
MARKET VALUE
At 1 January 2023	369,937
Additions	298
Disposals	(17,432)
Revaluations	26,771
At 31 December 2023	379,574
NET BOOK VALUE
At 31 December 2023	379,574
At 31 December 2022	369,937
There were no investment assets outside the UK.
Cost or valuation at 31 December 2023 is represented by:
	Cash and
	settlements
	pending
	£
Valuation in 2023	9,636
Valuation in 2022	(125,893)
Valuation in 2021	65,100
Valuation in 2020	(21,274)
Valuation in 2019	88,618
Valuation in 2018	(30,066)
Valuation in 2017	31,557
Valuation in 2016	39,990
Valuation in 2015	(6,176)
Valuation in 2014	30,146
Cost	297,936
	379,574

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THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF SUNNINGHILL AND SOUTH ASCOT

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 DECEMBER 2023

8. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR Trade debtors Accrued Income 9. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR Bank loans and overdrafts (see note 10) Trade creditors Other creditors 10. LOANS An analysis of the maturity of loans is given below: Amounts falling due within one year on demand: Bank overdrafts	2023 £ 11,511 21,768 33,279 2023 £ - 9,825 2,650 12,475 2023 £ -	2022 £ 11,229 14,834
		26,063
		2022 £ 3,149 - 71,734
		74,883
		2022 £ 3,149

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THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF SUNNINGHILL AND SOUTH ASCOT

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 DECEMBER 2023

11. MOVEMENT IN FUNDS Unrestricted funds General fund Investments PCC Account Restricted funds Grant Bequest Fund Church Hall Account Fabric of Church Account Church Repair Fund Land Adj. to Church House Upkeep of graveyard Gambia Special Collections Other Restricted Funds WWI Project Associated Vicar Fund Miss Cook Restricted Churchyard Electricity & Gas IT Systems TOTAL FUNDS	At 1/1/23 £ 187,402 106,521 316 294,239 1,037 3,662 8,762 39,750 36,998 1,027 215 772 - 1,540 21,250 158,324 200 13,236 - 286,773 581,012	Net movement in funds £ 6,915 3,189 10 10,114 112 117 (322) 2,112 4,407 280 (95) (415) 3,000 - - 10,162 - (7,005) 10,000 22,353 32,467	Transfers between funds £ 1,990 - - 1,990 - - - 955 - - - - (2,945) - - - - - - (1,990) -	At 31/12/23 £ 196,307 109,710 326
				306,343 1,149 3,779 8,440 42,817 41,405 1,307 120 357 55 1,540 21,250 168,486 200 6,231 10,000
				307,136
				613,479

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THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF SUNNINGHILL AND SOUTH ASCOT

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 DECEMBER 2023

11. MOVEMENT IN FUNDS - continued

Net movement in funds, included in the above are as follows:

Unrestricted funds General fund Investments PCC Account Restricted funds Grant Bequest Fund Church Hall Account Fabric of Church Account Church Repair Fund Land Adj. to Church House Upkeep of graveyard Gambia Special Collections Other Restricted Funds Miss Cook Restricted Electricity & Gas IT Systems TOTAL FUNDS	Incoming resources £ 273,396 - 10 273,406 27 117 170 16,850 1,101 3,300 - 297 3,000 4,677 8,000 10,000 47,539 320,945	Resources expended £ (266,478) - - (266,478) - - (600) (20,126) (157) (3,020) (95) (712) - (9,223) (15,005) - (48,938) (315,416)	Gains and Movement losses in funds £ £ (3) 6,915 3,189 3,189 - 10 3,186 10,114 85 112 - 117 108 (322) 5,388 2,112 3,463 4,407 - 280 - (95) - (415) - 3,000 14,708 10,162 - (7,005) - 10,000 23,752 22,353 26,938 32,467

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THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF SUNNINGHILL AND SOUTH ASCOT

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 DECEMBER 2023

11. MOVEMENT IN FUNDS - continued

Comparatives for movement in funds

Unrestricted funds General fund Investments PCC Account Restricted funds Grant Bequest Fund Church Hall Account Fabric of Church Account Church Repair Fund Land Adj. to Church House Upkeep of graveyard Gambia Special Collections WWI Project Associated Vicar Fund Miss Cook Restricted Churchyard Electricity & Gas TOTAL FUNDS	At 1/1/22 £ 81,874 107,382 312 189,568 1,130 3,613 8,648 152,549 46,153 7,094 215 680 1,540 21,250 184,548 200 - 427,620 617,188	Net movement in funds £ 3,362 (861) 4 2,505 (93) 49 114 (10,633) (9,155) (6,067) - 92 - - (26,224) - 13,236 (38,681) (36,176)	Transfers between funds £ 102,166 - - 102,166 - - - (102,166) - - - - - - - - - (102,166) -	At 31/12/22 £ 187,402 106,521 316
				294,239 1,037 3,662 8,762 39,750 36,998 1,027 215 772 1,540 21,250 158,324 200 13,236
				286,773
				581,012

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continued...

THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF SUNNINGHILL AND SOUTH ASCOT

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 DECEMBER 2023

11. MOVEMENT IN FUNDS - continued

Comparative net movement in funds, included in the above are as follows:

Unrestricted funds General fund Investments PCC Account Restricted funds Grant Bequest Fund Church Hall Account Fabric of Church Account Church Repair Fund Land Adj. to Church House Upkeep of graveyard Special Collections Miss Cook Restricted Electricity & Gas TOTAL FUNDS	Incoming resources £ 260,815 - 4 260,819 27 48 114 7,871 1,095 - 932 4,655 19,489 34,231 295,050	Resources expended £ (257,455) - - (257,455) - - - (8,951) (5,339) (6,067) (840) (9,983) (6,252) (37,432) (294,887)	Gains and Movement losses in funds £ £ 2 3,362 (861) (861) - 4 (859) 2,505 (120) (93) 1 49 - 114 (9,553) (10,633) (4,911) (9,155) - (6,067) - 92 (20,896) (26,224) (1) 13,236 (35,480) (38,681) (36,339) (36,176)

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continued...

THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF SUNNINGHILL AND SOUTH ASCOT

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 DECEMBER 2023

11. MOVEMENT IN FUNDS - continued

A current year 12 months and prior year 12 months combined position is as follows:

Unrestricted funds General fund Investments PCC Account Restricted funds Grant Bequest Fund Church Hall Account Fabric of Church Account Church Repair Fund Land Adj. to Church House Upkeep of graveyard Gambia Special Collections Other Restricted Funds WWI Project Associated Vicar Fund Miss Cook Restricted Churchyard Electricity & Gas IT Systems TOTAL FUNDS	At 1/1/22 £ 81,874 107,382 312 189,568 1,130 3,613 8,648 152,549 46,153 7,094 215 680 - 1,540 21,250 184,548 200 - - 427,620 617,188	Net movement in funds £ 10,277 2,328 14 12,619 19 166 (208) (8,521) (4,748) (5,787) (95) (323) 3,000 - - (16,062) - 6,231 10,000 (16,328) (3,709)	Transfers between funds £ 104,156 - - 104,156 - - - (101,211) - - - - (2,945) - - - - - - (104,156) -	At 31/12/23 £ 196,307 109,710 326
				306,343 1,149 3,779 8,440 42,817 41,405 1,307 120 357 55 1,540 21,250 168,486 200 6,231 10,000
				307,136
				613,479

Page 20

continued...

THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF SUNNINGHILL AND SOUTH ASCOT

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 DECEMBER 2023

11. MOVEMENT IN FUNDS - continued

A current year 12 months and prior year 12 months combined net movement in funds, included in the above are as follows:

Unrestricted funds General fund Investments PCC Account Restricted funds Grant Bequest Fund Church Hall Account Fabric of Church Account Church Repair Fund Land Adj. to Church House Upkeep of graveyard Gambia Special Collections Other Restricted Funds Miss Cook Restricted Electricity & Gas IT Systems TOTAL FUNDS	Incoming resources £ 534,211 - 14 534,225 54 165 284 24,721 2,196 3,300 - 1,229 3,000 9,332 27,489 10,000 81,770 615,995	Resources expended £ (523,933) - - (523,933) - - (600) (29,077) (5,496) (9,087) (95) (1,552) - (19,206) (21,257) - (86,370) (610,303)	Gains and Movement losses in funds £ £ (1) 10,277 2,328 2,328 - 14 2,327 12,619 (35) 19 1 166 108 (208) (4,165) (8,521) (1,448) (4,748) - (5,787) - (95) - (323) - 3,000 (6,188) (16,062) (1) 6,231 - 10,000 (11,728) (16,328) (9,401) (3,709)

12. RELATED PARTY DISCLOSURES

There were no related party transactions for the year ended 31 December 2023.

Page 21

THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF SUNNINGHILL AND SOUTH ASCOT

DETAILED STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 DECEMBER 2023

INCOME AND ENDOWMENTS Donations and legacies Collections Gift Aid Special Charitable Appeals Grants Other trading activities Charitable activity income Investment income Dividend Income Deposit account interest Charitable activities Other income Total incoming resources EXPENDITURE Raising donations and legacies Magazine Expenses Coffee, tea expenses Fundraising Charitable activities Clergy costs Insurance Utility costs Telephone, post & stationery Repairs & Maintenance Charitable Donations Church running costs	2023 £ 108,458 24,644 416 36,950 170,468 41,944 6,102 1,088 7,190 101,343 320,945 26,014 6,206 1,361 33,581 133,628 13,124 47,894 3,571 33,063 967 20,129 252,376	2022 £ 145,904 26,238 575 3,895
		176,612 50,436 11,787 68
		11,855 56,147
		295,050 28,559 5,584 492
		34,635 126,795 12,260 31,667 3,998 22,418 6,463 34,207
		237,808

Support costs

This page does not form part of the statutory financial statements

Page 22

THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF SUNNINGHILL AND SOUTH ASCOT

DETAILED STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 DECEMBER 2023

Support costs Other Plant and machinery Fixtures and fittings Computer equipment Governance costs Accountancy fees Legal & professional fees Total resources expended Net income before gains and losses Realised recognised gains and losses Realised gains/(losses) on fixed asset investments Net income/(expenditure)	2023 £ 22,448 1,459 469 24,376 4,972 111 5,083 315,416 5,529 26,938 32,467	2022 £ 18,515 - - 18,515 3,929 - 3,929 294,887 163 (36,339) (36,176)

This page does not form part of the statutory financial statements

Page 23