## **THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF TEAM PARISH MORDEN SURREY (“MORDEN PARISH”)** ## **ANNUAL REPORT AND FINANCIAL STATEMENTS** ## **FOR THE YEAR ENDED 31ST DECEMBER 2023** **DHL Accountancy Service Ltd Chartered Accountants 30 Willowbank Gardens Tadworth Surrey KT20 5DS** Page 1 **MORDEN PARISH** **ANNUAL REPORT FOR THE YEAR ENDED 31ST DECEMBER 2023** The trustees present their report and the financial statements for the year ended 31[st] December 2023. The trustees have adopted the provisions of the Statement of Recommended Practice (SORP) “Accounting and Reporting by Charities” in preparing the annual report and financial statements of the charity. ## **REFERENCE AND ADMINISTRATIVE DETAILS** REGISTERED CHARITY NO. 1135317 The Parish of Morden comprises four separate Churches - Emmanuel, St. George, St. Lawrence and St. Martin. The Parish is managed by a Parochial Church Council (PCC). Each individual Church is looked after by a District Church Council (DCC). The Parish falls within the Deanery of Merton, the Archdeaconry of Lambeth and Diocese of Southwark. The registered office address for the charity is 27 Selwood Road, Sutton, SM3 9JU. **Clergy** Emmanuel Rev. David Ruddick (Team Vicar) St George Rev. Alan Wenham (Team Vicar) St. Lawrence Rev. David Heath-Whyte (Team Rector) St. Lawrence Rev. Jack O'Grady (Curate) – from July 2023 St. Martin Rev. Mark Davey (Team Vicar) **Parish Wardens Elected Members (Trustees of the charity)** Charles Jeffery Adeoye Adebayo Michael Towse (resigned 14.05.2023) Jason Armstrong Simon Wakely (appointed 14.05.2023) Graham Belcher Pauline Botting (resigned 14.05.2023) **Elected to Deanery Synod** Kenneth Brown Jean Dowdeswell (appointed 14.05.2023) Jean Dowdeswell Maurice Gilley (resigned 14.05.2023) Catherine Edwards Clare Heath-Whyte Maurice Gilley Charles Jeffery Clare Heath-Whyte Sharon Jeffery Charles Jeffery Derek Jordan Sharon Jeffery Christopher Scoffield Derek Jordan Elizabeth Scoffield John Mosely Margaret Taylor Jane Pearson Trevor Taylor Christopher Scoffield Michael Towse (resigned 14.05.2023) Elizabeth Scoffield Simon Wakely Margaret Taylor Trevor Taylor **PCC Secretary** Michael Towse (resigned 14.05.2023) Jean Dowdeswell Simon Wakely Susan White **Honorary Curates** Alunda Young **Honorary Curates** Precious Omuku Page 2 **MORDEN PARISH** ## **ANNUAL REPORT** # **FOR THE YEAR ENDED 31ST DECEMBER 2023** ## **(continued)** ## **STRUCTURE, GOVERNANCE AND MANAGEMENT** The Parish derives its governance from the Diocese of Southwark and is part of the Church of England. As with all other parishes in England, the Parish is now required to obtain independent registration with the Charity Commission. The Parish was formally registered on 30th March 2010. Members of the PCC are either ex officio or elected by the Annual Parochial Church Council Meeting in accordance with the Church Representation Rules and the formal Diocesan arrangement for the governance of the Parish. There is no formal induction process for new members of the PCC. They are provided support and assistance by their Team Vicar and other Church PCC members. ## **OBJECTS AND ACTIVITIES** The Parish has the following objectives: - to provide regular public worship which is open to all; - to provide Pastoral visiting and counselling; - to provide teaching of Christianity by means of sermons, courses and groups; - to provide Christian youth work and school assemblies; - to promote Christianity through events, meetings and literature distribution; - to promote Church mission work, e.g. senior citizens, carers and toddler groups; and - to supporting charities in the United Kingdom and overseas ## **ACHIEVEMENTS AND PERFORMANCE** Sunday morning services were held weekly by all four team churches throughout 2023. Other services took place on an occasional basis. The practice of live-streaming services, introduced during the COVID-19 pandemic, was also continued In March 2023 the parish hosted the first Morden Bible Convention. Vaughan Roberts was the main speaker, and his theme was ‘The Battle for the Heart’. Tim Curtis, our CMS link missionary from Paraguay, was in the UK at the time and also participated. Shirley Anna Whyte completed her first year and started her second year as parish trainee based at St Martin’s. Along with the parish clergy, she has visited local schools to help with assemblies and religious education lessons. Page 3 ## **MORDEN PARISH** ## **ANNUAL REPORT** ## **FOR THE YEAR ENDED 31ST DECEMBER 2023 (continued)** ## **FINANCIAL REVIEW** Regular donated income in 2023 increased by a little over 6% compared with 2022. Total income, including legacies, was 65% more than in 2022. St Lawrence received two generous legacies and St Martin’s also received one. After spending much of 2022 prioritizing the work, Emmanuel made a start in spending the legacy they received in 2021. Total parish expenditure in 2023 was a little over 37% more than in 2022. The main exceptional costs concerned the refurbishment of 23 Cedars Road, improvements to the electrics and heating at St Martin’s, and the legacy money spent by Emmanuel. Emmanuel upgraded the church’s audio visual equipment, replaced the hall fire escape door and refurbished the hall toilets. The total value of the endowment funds increased by £19,874, recovering most of the £22,126 decrease in 2022. Overall fund balances, excluding properties (which are treated as fixed assets) and endowments, increased by almost 33%. ## **SAFEGUARDING** The Parish of Morden appoints a Parish Safeguarding Officer. Each of the individual churches appoint their own Safeguarding Officers who ensure that Disclosure and Barring checks are updated and that regular training is undertaken by those in their congregations. The Parish complies with the requirements of the Diocese and Charity Commission, including the recent requirements relating to the reporting of serious incidents. The members of the PCC pay due regard to the House of Bishops' advice and guidance on safeguarding. ## **PUBLIC BENEFIT REQUIREMENT** The Parochial Church Council have complied with the duty in the Charities Act 2011 to have regard to guidance published by the Charity Commission concerning the public benefit requirement ## **APPROVAL** The Annual Report was approved by the Trustees on 21[st] March 2024 signed on its behalf by:- C. Jeffery S. Wakely Page 4 **INDEPENDENT EXAMINER'S REPORT** ## **TO TRUSTEES OF THE PAROCHIAL CHURCH COUNCIL OF** ## **MORDEN PARISH** I report to the Trustees on my examination of the accounts of The Parochial Church Council of Morden Parish ('the Charity') for the year ended 31st December 2023, which are set out on pages 5 to 17. ## **Responsibilities and basis of report** As the Trustees of the Charity you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011('the Act'). I report in respect of my examination of the Charity's accounts carried out under section 145 of the Act and in carrying out my examination I have followed all the applicable Directions given by the Charity Commission under section 145(5)(b) of the Act. ## **Independent examiner's statement** The charity’s gross income exceeded £250,000 and I am qualified to undertake the examination by being a qualified member of the Institute of Chartered Accountants in England and Wales. I have completed my examination. I confirm that no material matters have come to my attention in connection with the examination which gives me cause to believe that, in any material respect: (1) accounting records were not kept in respect of the Charity 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. D.H. Lane FCA DHL Accountancy Services Limited Chartered Accountants 30 Willowbank Gardens Tadworth Surrey KT20 5DS 22[nd] March 2024 Page 5 ## **MORDEN PARISH** ## **STATEMENT OF FINANCIAL ACTIVITIES** ## **FOR THE YEAR ENDED 31ST DECEMBER 2023** |Notes
**INCOME AND ENDOWMENTS**
**Donations and legacies**
Incoming resources from donors
2
Other voluntary incoming resources
2
**Charitable Activities**
Activities in furtherance
of the councils objects
2
**Investments**
Income from investments
2
**Other Activities**
Activities for generating funds
2
Other receipts
2
**TOTAL INCOME**
**EXPENDITURE**
**Raising Funds**
Costs of generating funds
3
**Charitable Activities**
Grants
3
Activities relating to the work
of the Church
3
Support costs
3
Governance costs
3
**TOTAL EXPENDITURE**
**NET INCOME (EXPENDITURE)**
**FOR THE YEAR**
Gains (Losses) on Investment Assets
Transfers between Funds

**NET MOVEMENT IN FUNDS**
Fund balances brought forward
**FUND BALANCES CARRIED FORWARD**|General
Restricted Endowment
Funds
Funds
Funds
£
£
£
265,391
12,669
-
173,521
131,613
-
438,912
144,282
-
54,843
-
-
43,929
-
5,546
2,095
2,724
-
250
-
-
2,345
2,724
-
540,029
147,006
5,546
548
-
-
495
44,092
-
435,415
59,096
-
27,482
-
-
3,500
-
-
466,892
103,188
-
467,440
103,188
-
72,589
43,818
5,546
-
-
17,487
(26,120)
29,279
(3,159)
46,469
73,097
19,874
2,538,647
31,236
185,095
2,585,116
104,433
204,969
=======
======
======|TOTAL
2023
£
278,060
305,134
583,194
54,843
49,475
4,819
250
5,069
692,581
548
44,587
494,511
27,482
3,500
570,080
570,628
121,953
17,487
-
139,440
2,754,978
2,894,418
=======|TOTAL
2022
£
260,642
54,484
315,126
43,280
54,759
4,314
350
4,664
417,829
219
38,714
376,812
22,277
4,680
420,425
420,425
( 2,596)
( 24,450)
-
( 27,046)
2,782,020
2,754,978
=======| |---|---|---|---| The notes on pages 7 to 17 form part of these financial statements. Page 6 ## **MORDEN PARISH** ## **STATEMENT OF FINANCIAL POSITION** ## **31ST DECEMBER 2023** |Notes

**FIXED ASSETS**
Tangible fixed assets
4
**CURRENT ASSETS**
Current asset investments
5
Debtors
6
Cash at bank and in hand
**CREDITORS:**Amounts falling
due within one year
7
(
**NET CURRENT ASSETS**
**NET ASSETS**
**ACCUMULATED FUNDS**|General
Funds
(see note 8)

£
2,206,580
-
37,775
347,547
385,322
6,786)
378,536
2,585,116
=======
2,585,116
=======|Restricted

Funds
(see note 9)
(
£
-
-
-
104,752
104,752
(419)
104,333
104,333
======
104,333
======|Endowment
Funds
see note 10)
£
-
204,969
-
-
204,969
-

204,969
204,969
======
204,969
======|TOTAL
2023
£
2,206,580
204,969
37,775
452,299
695,043
(7,205)
687,838
2,894,418
=======
2,894,418
=======|TOTAL
2022
£
2,206,580
185,095
40,657
333,887
559,639
(11,241)
548,398
2,754,978
=======
2,754,978
=======| |---|---|---|---|---|---| |||
|||| The financial statements were approved by the Trustees on 21[st] March 2024 and signed on its behalf by:- C. Jeffery S. Wakely The notes on pages 7 to 17 form part of these financial statements. Page 7 **MORDEN PARISH** **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST DECEMBER 2023** ## 1. **ACCOUNTING POLICIES** ## **Accounting basis** The Parochial Church Council of the Ecclesiastical Parish of Team Parish Morden Surrey is a charity in England / Wales. The address of the registered office is given in the charity information on page 1 of these financial statements. The nature of the charity’s operations and principal activities are promoting in the ecclesiastical parish the whole mission of the Church. The charity constitutes a public benefit entity as defined by FRS 102. The financial statements have been prepared in accordance with 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 issued in October 2019, the Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland (FRS 102), the Charities Act 2011, the Companies Act 2006 and UK Generally Accepted Accounting Practice. The financial statements have been prepared to give a 'true and fair' view and have departed from the Charities (Accounts and Reports) Regulations 2008 only to the extent required to provide a ‘true and fair view’. This departure has involved following the 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 issued in October 2019 rather than the Accounting and Reporting by Charities: Statement of Recommended Practice effective from 1 April 2005 which has since been withdrawn. The financial statements are prepared on a going concern basis under the historical cost convention, modified to include certain items at fair value. The financial statements are presented in sterling which is the functional currency of the charity and rounded to the nearest £1. The significant accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all years presented unless otherwise stated. ## **Judgements and key sources of estimation uncertainty** The preparation of the financial statements requires the members of the PCC to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances. ## **Funds** Unrestricted funds represent the funds of the PCC that are not subject to any restrictions regarding their use. Designated funds represent funds designated by the PCC for a specific purpose. Such funds are still unrestricted and may be re-designated by the PCC. Restricted funds are funds which are to be used in accordance with specific restrictions imposed by the donor. Endowment funds have similar restrictions with the additional proviso that only the income can be spent without permission from the original donor or the Charity Commission. Page 8 **MORDEN PARISH** # **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST DECEMBER 2023** ## **(continued)** ## **Income recognition** Collections and stewardship giving are recognised when received by or on behalf of the PCC. Legacies are accounted for as soon as the PCC is notified of its legal entitlement, the amount due is quantifiable and its ultimate receipt by the PCC is reasonably certain. Income tax recoverable on covenants or gift aid donations is recognised when the related income is recognised Rental income from the letting of Church premises is recognised when the rental is due. The Churches are greatly assisted by voluntary help and donations in kind. These are not reflected in the financial statements as they are not capable of accurate financial measurement. ## **Expenditure recognition** Resources expended are recognised in the period in which they are incurred. Resources expended include VAT which cannot be recovered. Grants are made by individual DCCs and are recognised when the grant is approved. ## **Fixed Assets** Consecrated and benefice property is excluded from the financial statements by section 10 of the Charities Act 2011. Movable Church furniture held by the Vicar and Churchwardens on special trust for the PCC and which require a faculty for disposal are accounted as inalienable property and are listed in the inventories of the Churches. All expenditure incurred during the year on consecrated or benefice buildings and movable Church furnishings, whether maintenance or improvement, is written off as expenditure in the Statement of Financial Activities. Freehold Land and Buildings have been included at market value upon incorporation of FRS102. It has not been possible to obtain historic costs for certain properties due to the historic nature of their acquisition. The members of the PCC are currently considering a suitable method of depreciation of these assets. Page 9 ## **MORDEN PARISH** ## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST DECEMBER 2023 (continued)** ## 2. **INCOME** |**Unrestricted Restricted**
**Endowment**
**Funds**
**Funds**
**Funds**
**£**
**£**
**£**
**Income from donors**
Gift Aid - Bank
174,875
5,731
-
Gift Aid – Envelopes
4,365
-
-
Tax recoverable on Gift Aid
51,890
-
-
Other planned giving
17,684
6,938
-
Loose plate collections
15,229
-
-
Regular gift days
1,348
-
-
265,391
12,669
-
**Other voluntary income**
Legacies
137,000
129,126
-
Donations, appeals, etc.
16,023
1,987
-
One-off gifts
16,700
500
-
Recurring grants
3,448
-
-
One off grants
350
-
-
173,521
131,613
-
**Activities in furtherance of the councils objects**
Fees to PCC
2,367
-
-
Income from church hall
35,853
-
-
Bookstall sales
471
-
-
Rent: Church/LDF building use16,152
-
-
54,843
-
-
**Income from investments**
Dividends
-
-
5,546
Rent: PCC land/buildings
37,544
-
-
Bank interest
-
-
-
CCLA Interest
6,385
-
-
43,929
-
5,546
**Fundraising activities**
Rummage sales
-
36
-
Bookstall sales -fund raising
-
-
-
Other funds generated
2,095
2,688
-
2,095
2,724
-
**Other Receipts**
Insurance claims
250
-
-|**Total Funds**
**2023**
**2022**
**£**
**£**
180,606
170,780
4,365
6,670
51,890
47,532
24,622
23,733
15,229
10,343
1,348
1,584
278,060
260,642
266,126
-
18,010
32,271
17,200
14,401
3,448
3,243
350
4,569
305,134
54,484
2,367
2,019
35,853
23,092
471
860
16,152
17,309
54,843
43,280
5,545
5,466
37,544
47,611
-
8
6,385
1,674
49,475
54,759
36
1,577
-
60
4,783
2,677
4,819
4,314
250
350|**Total Funds**
**2023**
**2022**
**£**
**£**
180,606
170,780
4,365
6,670
51,890
47,532
24,622
23,733
15,229
10,343
1,348
1,584
278,060
260,642
266,126
-
18,010
32,271
17,200
14,401
3,448
3,243
350
4,569
305,134
54,484
2,367
2,019
35,853
23,092
471
860
16,152
17,309
54,843
43,280
5,545
5,466
37,544
47,611
-
8
6,385
1,674
49,475
54,759
36
1,577
-
60
4,783
2,677
4,819
4,314
250
350|**Total Funds**
**2023**
**2022**
**£**
**£**
180,606
170,780
4,365
6,670
51,890
47,532
24,622
23,733
15,229
10,343
1,348
1,584
278,060
260,642
266,126
-
18,010
32,271
17,200
14,401
3,448
3,243
350
4,569
305,134
54,484
2,367
2,019
35,853
23,092
471
860
16,152
17,309
54,843
43,280
5,545
5,466
37,544
47,611
-
8
6,385
1,674
49,475
54,759
36
1,577
-
60
4,783
2,677
4,819
4,314
250
350|**Total Funds**
**2023**
**2022**
**£**
**£**
180,606
170,780
4,365
6,670
51,890
47,532
24,622
23,733
15,229
10,343
1,348
1,584
278,060
260,642
266,126
-
18,010
32,271
17,200
14,401
3,448
3,243
350
4,569
305,134
54,484
2,367
2,019
35,853
23,092
471
860
16,152
17,309
54,843
43,280
5,545
5,466
37,544
47,611
-
8
6,385
1,674
49,475
54,759
36
1,577
-
60
4,783
2,677
4,819
4,314
250
350|**Total Funds**
**2023**
**2022**
**£**
**£**
180,606
170,780
4,365
6,670
51,890
47,532
24,622
23,733
15,229
10,343
1,348
1,584
278,060
260,642
266,126
-
18,010
32,271
17,200
14,401
3,448
3,243
350
4,569
305,134
54,484
2,367
2,019
35,853
23,092
471
860
16,152
17,309
54,843
43,280
5,545
5,466
37,544
47,611
-
8
6,385
1,674
49,475
54,759
36
1,577
-
60
4,783
2,677
4,819
4,314
250
350| |---|---|---|---|---|---| ||||
260,642||| ||||
|
-
32,271
14,401
3,243
4,569|| |||||
54,484|| ||
|||
2,019
23,092
860
17,309|| ||
||
|
43,280|| |||||
5,466
47,611
8
1,674|| |||||
54,759|| ||||||
1,577
60
2,677| ||||||4,314| ||||||350| Page 10 ## **MORDEN PARISH** ## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST DECEMBER 2023 (continued)** ## 3. **RESOURCES EXPENDED** _**(continued)**_ |**Unrestricted**
**Restricted**
**Funds**
**Funds**
**£**
**£**
**Costs of generating funds**
Cost of fetes & other events
548
-
**Grants to Institutions**
CMS (including SAMS)
-
7,195
TEAR fund
-
2,138
Overseas mission societies
-
5,795
Release International
-
1,172
Crosslinks
-
4,592
AIM
-
7,324
Christian Agencies
-
4,800
Home mission
495
4,544
LCM (Merton Schools)
-
4,680
SSCWT
-
1,000
Sundry grants under £1,000
-
852
495
44,092
**Activities relating to the work of the Church**
Off Common Fund clergy posts
19,713
-
Ministry Parish share etc.
168,130
-
Working expenses of incumbents
2,703
-
Visiting Speakers
45
-
Church running costs – utilities
16,120
-
Church running costs – cleaning
3,246
-
Church maintenance
23,449
-
Church insurance
9,126
-
Organ/piano tuning
-
-
Upkeep of services
7,785
-
Upkeep of churchyard
2,963
-
Magazine and bookstall expense
420
56
Parish training and mission
7,540
4,393
Education
1,142
855
Parsonage house expenses
4,170
-
Assistant staff costs
7,980
-
Miscellaneous expenses
102
-
Common Fund
729
-
Other PCC property upkeep
40,467
-
Hall running costs - utilities
8,303
-
Hall running costs - cleaning
4,875
-
Hall running costs - repairs
5,433
-
Hall running costs - insurance
-
-
Salaries (except administrator)
12,139
-
Major repairs/installations - church hall
19,777
-
Major repairs/installations - church
69,058
53,792
435,415
59,096|**Total Funds**
**2023**
**2022**
**£**
**£**
548
219
7,195
6,500
2,138
2,711
5,795
4,240
1,172
2,584
4,592
4,320
7,324
5,466
4,800
4,600
5,039
2,445
4,680
2,300
1,000
1,105
852
2,441
44,587
38,712
19,713
20,084
168,130
168,130
2,703
2,456
45
40
16,120
9,353
3,246
2,076
23,449
33,571
9,126
8,328
-
-
7,785
7,936
2,963
2,389
476
489
11,933
14,106
1,997
1,560
4,170
3,341
7,980
6,896
102
-
729
-
40,467
15,685
8,303
6,463
4,875
4,363
5,433
7,243
-
63
12,139
11,232
19,777
8,460
122,850
20,271
494,511
354,535| |---|---| Page 11 ## **MORDEN PARISH** ## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST DECEMBER 2023 (continued)** ## 3. **RESOURCES EXPENDED** _**(continued)**_ |||**Unrestricted**|**Restricted**|
**Total**|**Funds**| |---|---|---|---|---|---| |||**Funds**|**Funds**|**2023**|**2022**| |||**£**|**£**|**£**|**£**| ||**Support costs**||||| ||Administration|8,152|-|8,152|4,323| ||Administrators' salaries|19,330|-|19,330|17,954| |||27,482|-|27,482|22,277| ||**Governance costs**||||| ||Accountancy fees|3,500|-|3,500|4,680| |4.|**FIXED ASSETS**||||| ||**Freehold Land and Buildings**||||| ||||||£| ||**Valuation**||||| ||As at 1.1.2023 and 31.12.2023||||2,206,580| ||||||=======| ||**Net Book Value**||||| ||As at 1.1.2023 and 31.12.2023||||2,206,580| ||||||=======| ||The Freehold Land and Buildings comprise||||| |||||Original|Revalued| |||||Cost|Cost| |||||£|£| ||Emmanuel Church Hall & Annex|||15,709|115,000| ||140 Stonecot Hill (being 69.56% of the property)|||32,000|313,020| ||49 Camborne Road (being 62.26% of the property)|||94,950|373,560| ||23 Cedars Road|||42,877|450,000| ||Parish Hall Complex (now split into 4|distinct properties)||41,010|-| ||Parish Hall|||-|105,000| ||Parish Hall Bungalow|||-|300,000| ||Hall Cottage|||-|200,000| ||Old School House|||-|350,000| |||||226,546|2,206,580| ||||======||=======| The original historic costs have been obtained from Parish records of which some date back over 70 years. The properties at 140 Stonecot Hill and 49 Camborne Road were purchased with the assistance of the Diocese who own the balance of the share in the property, ownership percentage being based on contribution towards cost by each party. Page 12 ## **MORDEN PARISH** ## **NOTES TO THE FINANCIAL STATEMENTS** ## **FOR THE YEAR ENDED 31ST DECEMBER 2023 (continued)** |5.|**CURRENT ASSET INVESTMENTS**||| |---|---|---|---| |||2023|2022| |||£|£| ||Held with CCLA Investment Management Limited|204,969|185,095| |||======|======| ||Funds are invested through the Church of England Central Board of Finance. Units held are shown at||| ||closing value at the year end.||| |6.|**DEBTORS**||| |||2023|2022| |||£|£| ||Sundry debtors and prepayments|37,775|40,657| |||=====|=====| |7.|**CREDITORS: amounts falling due within one year**||| |||2023|2022| |||£|£| ||Sundry creditors and accruals|7,205|11,241| |||=====|=====| Page 13 ## **MORDEN PARISH** ## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST DECEMBER 2023** ## **(continued)** ## 8. **GENERAL (UNRESTRICTED) FUNDS** |**Balance**
**Incoming**
**Resources**
**1.1.2023**
**Resources**
**Expended Transfers**
£
£
£
£
The Designated Funds for the current year comprise:-
Fixed Asset Fund
2,206,580
-
-
-
Emmanuel
- General Fund
146,101
92,265
( 30,812)
( 96,634)
- Discretionary Fund
200
-
-
-
- Church Hall Fund
1,156
10,509
( 21,749)
16,667
- Mums and Toddlers Fund
345
200
( 13)
-
St. George
- General Fund
43,684
65,881
( 27,798)
( 31,298)
St. Lawrence
- General Fund
16,032
202,784
( 11,646)
(191,176)
- 25K Donation
51,155
-
-
( 16,501)
- Ferguson Fund
-
-
( 2,100)
120,000
St. Martin
- General Fund
619
83,126
( 8,434)
( 74,577)
- Youth Work
2,105
40
( 424)
-
- Bernard Towse Memorial Fund
978
-
-
-
- Sick & Needy Fund
308
-
-
-
- Flats Fund
5,465
7,800
( 4,407)
-
- Maintenance Fund
-
8,500
-
-
- Buildings Projects Fund
23,820
26,510
(54,157)
702
Parish Fund
- General Fund
-
4,092
(245,789)
241,697
- Emmanuel cleaner
-
-
( 2,007)
2,007
- St Lawrence cleaner
-
-
( 2,842)
2,842
- St Martin’s cleaner
-
-
( 220)
220
- Church Hall Fund
-
8,588
( 9,654)
1,066
- St. George’s worker
-
-
( 11,199)
11,199
- Property Fund
40,099
29,734
(34,189)
(12,334)
2,538,647
540,029
(467,440)
( 26,120)
=======
======
======
======|**Balance**
**31.12.2023**
£
2,206,580
110,920
200
6,583
532
50,469
15,994
34,654
117,900
734
1,721
978
308
8,858
8,500
( 3,125)
-
-
-
-
-
-
23,310
2,585,116
=======| |---|---| Page 14 ## **MORDEN PARISH** ## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST DECEMBER 2023** ## **(continued)** ## 8. **GENERAL (UNRESTRICTED) FUNDS** _**(continued)**_ |**Balance**
**Incoming**
**Resources**
**1.1.2022**
**Resources**
**Expended Transfers**
£
£
£
£
The Designated Funds for the previous year comprise:-
Fixed Asset Fund
2,206,580
-
-
-
Emmanuel
- General Fund
156,451
90,807
( 14,547)
(86,608)
- Discretionary Fund
200
-
-
-
- Church Hall Fund
2,133
10,053
( 7,543)
( 3,487)
- Mums and Toddlers Fund
404
-
( 59)
-
St. George
- General Fund
70,606
42,060
( 35,698)
(33,284)
St. Lawrence
- General Fund
16,862
96,580
( 23,227)
(74,183)
- 25K Donation
58,155
-
-
( 7,000)
St. Martin
- General Fund
134
80,444
( 8,461)
(71,498)
- Youth Work
2,280
-
( 175)
-
- Bernard Towse Memorial Fund
989
-
( 11)
-
- Sick & Needy Fund
308
-
-
-
- Flats Fund
-
7,800
( 2,335)
-
- Buildings Projects Fund
-
23,820
-
-
Parish Fund
- General Fund
( 215)
2,062
(239,806)
237,959
- Emmanuel cleaner
-
-
( 1,961)
1,961
- St Lawrence cleaner
-
-
( 1,506)
1,506
- St Martin’s cleaner
-
-
( 240)
240
- Church Hall Fund
-
4,694
( 8,649)
3,955
- St. George’s worker
-
-
( 10,332)
10,332
- Property Fund
24,816
39,801
(7,517)
(17,001)
2,539,701
398,122
(362,069)
(37,107)
=======
======
======
=====|**Balance**
**31.12.2022**
£
2,206,580
146,101
200
1,156
345
43,684
16,032
51,155
619
2,105
978
308
5,465
23,820
-
-
-
-
-
-
40,099
2,538,647
=======| |---|---| Page 15 ## **MORDEN PARISH** ## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST DECEMBER 2023 (continued)** ## 9. **RESTRICTED FUNDS** ||**Balance**|**Incoming**|**Resources**||**Balance**| |---|---|---|---|---|---| ||**1.1.2023**|
**Resources**|**Expended**|**Transfers**|**31.12.2023**| ||£|£|£|£|£| |The Restricted Funds for the current year||comprise:-|||| |Emmanuel|||||| |- Missionary Fund|11,174|
-|(12,024)|9,504|8,654| |- Bible Notes Fund|323|
-|( 56)|-|267| |- Junior Church Fund|110|
-|( 855)|745|-| |St. George|||||| |- Missionary Fund|-|
550|( 4,245)|3,695|-| |- Church Hall Fund|4,000|
-|-|-|4,000| |- Outreach Worker Fund|2,514|
1,945|-|( 4,459)|-| |St. Lawrence|||||| |- Upkeep of Buildings Fund|-|
131,714|(41,002)|-|90,712| |- Missionary Fund|-|
1,031|(12,236)|11,205|-| |- Weekend away|62|
6,328|( 8,039)|1,649|-| |- Ivy Morris Fund|12,790|
-|(12,790)|-|-| |St. Martin|||||| |- Missionary Fund|260|
5,438|( 9,941)|4,943|700| |Parish Fund|||||| |- Missionary Fund|3|
-|(2,000)|1,997|-| ||31,236|
147,006|(103,188)|29,279|104,333| ||=====|
======|======|=====|======| Page 16 ## **MORDEN PARISH** ## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST DECEMBER 2023 (continued)** ## 9. **RESTRICTED FUNDS** _**(continued)**_ ||**Balance**|**Incoming**|**Resources**|||**Balance**| |---|---|---|---|---|---|---| ||**1.1.2022**|**Resources**|**Expended**|**Transfers**||**31.12.2022**| ||£|£|£|£||£| |The Restricted Funds for the|previous year|comprise:-||||| |Emmanuel||||||| |- Missionary Fund|-|35|(10,643)|21,782||11,174| |- Bible Notes Fund|322|40|( 39)||-|323| |- Junior Church Fund|75|-|( 390)||425|110| |St. George||||||| |- Missionary Fund|-|-|( 2,172)|2,172||-| |- Church Hall Fund|4,000|-|-||-|4,000| |- Outreach Worker Fund|-|1,744|-||770|2,514| |St. Lawrence||||||| |- Missionary Fund|732|958|(12,020)|10,330||-| |- Weekend away|949|5,408|( 6,295)||-|62| |- Ivy Morris Fund|26,168|-|(13,378)||-|12,790| |- Giftday Donations Fund|-|-|-||-|-| |St. Martin||||||| |- Missionary Fund|2,852|6,058|(11,257)|2,607||260| |Parish Fund||||||| |- Missionary Fund|-|-|(2,160)|2,163||3| ||35,098|14,243|(58,354)|40,249||31,236| ||=====|=====|=====|=====||=====| Page 17 ## **MORDEN PARISH** ## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST DECEMBER 2023 (continued)** ## 10. **ENDOWMENT FUNDS** ||**Balance**|**Incoming**|**Investment**||**Balance**| |---|---|---|---|---|---| ||**1.1.2023**|**Resources**|**Gains**|**Transfers**|**31.12.2023**| ||£|£|£|£|£| |The Endowment Funds for|the current year comprise:-||||| |St. Lawrence|||||| |- Pylbrook Charity|164,519|4,929|15,598|(2,542)|182,504| |- Urquhart Bequest|4,326|130|397|( 130)|4,723| |- Peers Bequest|15,341|460|1,408|( 460)|16,749| |St. Martin|||||| |- Froude Bequest|909|27|84|(27)|993| ||185,095|5,546|17,487|(3,159)|204,969| ||======|====|=====|====|======| ||**Balance**|**Incoming**|**Investment**||**Balance**| ||**1.1.2022**|**Resources**|**Gains**|**Transfers**|**31.12.2022**| ||£|£|£|£|£| |The Endowment Funds for|the previous year comprise:-||||| |St. Lawrence|||||| |- Pylbrook Charity|183,938|4,852|(21,743)|(2,528)|164,519| |- Urquhart Bequest|4,895|129|( 569)|( 129)|4,326| |- Peers Bequest|17,359|458|( 2,018)|( 458)|15,341| |St. Martin|||||| |- Froude Bequest|1,029|27|(120)|(27)|909| ||207,221|5,466|(24,450)|(3,142)|185,095| ||======|====|=====|====|======|