**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). Page 1 **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. Page 2 **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 Page 3 **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 Page 4 **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 Page 5 **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 Page 6 **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: ............................................. Page 7 **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 Page 8 **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 Page 9 ## **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 Page 10 **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. Page 11 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** ## **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| Page 12 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** |**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_| |---|---| Page 13 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** ## **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**| Page 14 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** |**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_| Page 15 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**
**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**| Page 16 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** 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**| |---|---|---|---| Page 17 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** ## **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| Page 18 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)| |---|---|---|---| Page 19 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