PAROCHIAL CHURCH COUNCIL OF St GILES, BALDERTON.
TRUSTEES’ ANNUAL REPORT
Aims and purposes.
St Giles’ Parochial Church Council (PCC) has the responsibility of cooperating with the incumbent, the Reverend Louise Holliday, in promoting in the ecclesiastical parish, the whole mission on the Church, pastoral, evangelistic, social and ecumenical. The PCC is also specifically responsible for the maintenance of the St Giles Community Hall, Main Street, Balderton.
Objectives and activities.
The PCC is committed to enabling as many people as possible to worship at our church and to become part of the parish community at St Giles. The PCC maintains an overview of worship throughout the parish and makes suggestions on how our services can involve the many people who live in the parish. Our services and worship put faith into practice through prayer and scripture, music and sacrament.
When planning our activities for the year, the PCC has considered the Commission’s guidance on public benefit and, in particular, the supplementary guidance on charities for the advancement of religion. In particular, we try to enable ordinary people to live out their faith as part of our parish community through:
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Worship and prayer; learning about the gospel; and developing their knowledge and trust in Jesus.
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Provision of pastoral care for people living in the parish.
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Missionary and outreach work.
The Trustees’ Report continues in the sub-sections written by:
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The Vicar’s Report
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The Safeguarding Officer
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The Church Wardens (including Church Fabric and the Community Hall)
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The PCC Secretary
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PCC Electoral Roll Officer
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Ministry support teams (including the Choir, Worship Band, Bell Ringers)
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Deanery Synod members
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Ministry Outreach teams (including Drop in Café, Walk and talk, Gardening group, Mums and Toddlers, St Giles Mens’ Groups, Wednesday Ladies Group and the Mothers’ Union)
NOTES TO THE FINANCIAL STATEMENTS For Year Ended 31st December 2022
ACCOUNTING POLICY OF THE PCC
The financial statements of the PCC have been prepared in accordance with the Church Accounting Regulations 2006 together with applicable accounting standards and the Charities SORP 2015.
The financial statements have been prepared under the historical cost convention except for the valuation of investment assets which are shown at market value.
As the annual income of the PCC is below £250,000 these accounts have been prepared on a Receipts and Payments basis.
Funds
Unrestricted funds represent the funds of the PCC that are not subject to any special restrictions regarding their use and are available for application to the general purposes of the PCC.
Endowment funds are funds, the capital of which must be retained either permanently or at the PCC’s discretion; the income derived is to be used either as restricted or unrestricted income funds depending upon the original purpose of the endowment.
Restricted funds comprise of income from endowments with restricted purposes and revenue donations or grants for a specific PCC activity intended by the donor.
Designated funds are general funds set aside by the PCC for future use for a particular project and are unrestricted; surplus funds will be moved by the PCC to general funds.
The accounts include all transactions, assets and liabilities for which the PCC can be held responsible. They do not include the accounts of other Church groups that owe an affiliation to another body, nor those that are informal gatherings of Church Members. Copies of these accounts are requested by the treasurer on behalf of the P.C.C. in case of any conflict of interest arising.
Incoming Resources
Voluntary income and capital sources
Collections are recognised when received by or on behalf of the PCC. Planned giving receivable under Gift Aid is recognised only when received.
Income tax recoverable on Gift Aid donations and through the GASDS is recognised when claims from HMRC are received.
Grants and legacies to the PCC are accounted for when the PCC has received the amount due. The Parish Share request from the diocese was offset by a discount of £574 because of 100% payment in 2021.
Other income
Other income including the rental income from the letting of the church hall is recognised when the payments are received.
Income from investments
Dividends are accounted for when received. Interest entitlements are accounted for when received. Tax recoverable is recognised in the same accounting year.
Gains and losses on Investments
Realised gains and losses are recognised when investments are sold. Unrealised gains or losses are accounted for on the revaluation on investments at 31 December.
Grants
Grants and donations are accounted for when paid over.
Resources Expended
Activities directly related to the work of the Church.
The diocesan parish share is accounted for when paid. The parish share for 2021 for which St Giles PCC was responsible to pay to the diocese was £47998 which was discounted, by the Diocese, by £574. St Giles paid £47424, which represents 100% of the reduced ask.
All other expenditure was to support the worship and mission of the parish church including daily running costs, materials for worship, clergy and officers fees, energy, the costs involved maintaining the Community Hall and appropriate fees belonging to the Diocese of Southwell & Nottingham,
Fixed Assets
Consecrated property and movable church furnishings
The following assets are excluded from the financial statements:
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Consecrated and beneficial property of any kind is excluded from the accounts by s96(2)(a) of the Charities Act 1993.
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Movable church furnishings held by the churchwardens on special trust for the PCC.
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Other fixtures and fittings and office equipment where the PCC is free to dispose of such assets without faculty and where the original cost exceeded £1000.
All expenditure incurred in the year on consecrated or beneficial buildings, individual items under £500 or on the repair of movable church furnishings is written off.
Investments
Investments with CCLA are valued at market value on 31 December 2022. No report was provided as to the value of the Lewin Bequest (a) at that time. During March 2022, the sale of the property 8 Alvey Road was completed. Following guidance from the Diocese and Charity Commission rules, two independent valuations (both of £120.000) were received. The Diocesan preferred Estate Agency, Richard Watkinson was then instructed to sell the property at an asking price of £139,950. The property attracted a lot of interest and after final bids were received was sold for £160,000. Once legal and agency fees were paid, the bulk of this money was Designated by the PCC as a Fabric Reserve Fun, invested with CCLA with dividend income being used to support the General Fund and any growth being retained within the new fund. The investment from the sale of 111 Main Street (former curate housing) which had been used to support repairs at 8 Alvey Road was then redesignated and invested in the Community Hall Redevelopment fund.
Reserves Policy
It is PCC policy to try to maintain a balance on free reserves which equates to at least three months’ unrestricted payments. It is held to smooth out fluctuations in cash flow and to meet emergencies. The balance of free reserves of £28058 was higher than this need but included a designated sum of £22,000 which was part of a most generous legacy.
The balance of £225,000 in the restricted funds is retained towards and fabric needs for the church building and for the upkeep and development of the Community Hall building.
Charity Commission SOFA Details Report
Page 1 of 2
Paxton
Printed: 09/02/2023
St Giles PCC
| December 2022 | |||||
|---|---|---|---|---|---|
| S01 Donations and legacies Donations Received Misc Donations Service Collections Baptism Collections Funerals Collections Weddings Collections Envelope Collections USPG Christian Aid Church Hall Bookings Magazine Sales Wedding Fees Funeral Fees Other Sales/Income Bequests and Legacies Gift Aid Tax Claimed S03 Other trading activities Fundraising-Church Fundraising-Charities Coffee Sales S04 Investments Dividends Interest Rent Income S08 Raising funds Donations from Fundraising Charitable Giving S09 Charitable activities Parish Share Materials for Services Subscription/Licenses Salaries and Wages Organists' Salaries Employer's NI Choir Fees Paid Clergy Fees Paid Bellringer's Fees Verger Fees Paid |
Unrestricted 23,256 3,353 3,315 813 662 1,041 5,703 144 206 0 12 4,176 15,866 6,000 0 8,940 73,487 735 0 507 1,242 5,092 1,408 0 6,500 420 329 749 47,424 1,263 1,497 3,202 2,250 811 70 2,498 760 3,740 |
Restricted 48 2,834 48 0 31 0 15 0 0 22,448 0 0 0 79,606 1,500 744 107,274 1,460 0 0 1,460 644 219 0 863 0 0 0 0 0 501 0 0 0 0 0 0 0 |
Endowment 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 |
Year Total 23,304 6,186 3,363 813 694 1,041 5,718 144 206 22,448 12 4,176 15,866 85,606 1,500 9,683 180,760 2,195 0 507 2,702 5,737 1,627 0 7,364 420 329 749 47,424 1,263 1,997 3,202 2,250 811 70 2,498 760 3,740 |
Last Year |
| 22,122 4,283 2,602 913 1,646 198 5,870 0 0 8,383 0 3,650 17,097 10,745 25,950 8,539 111,998 961 467 49 1,477 1,211 0 3,366 4,577 467 100 567 45,888 326 2,416 3,338 1,120 1,516 0 2,835 300 3,290 |
Paxton Charity Commission SOFA Details Report
Page 2 of 2
St Giles PCC
Printed: 09/02/2023
| December 2022 | |||||
|---|---|---|---|---|---|
| Sunday Club Costs Wedding Fees Paid Funeral Fees paid General Travel Expenses Training Costs Heat & Light Rates Water Rates Premises Insurance Church Hall Caretaker Wages Church Hall Cleaning Materials Church Cleaning Materials Repairs Other Premises Costs Telephone/fax/email Printing/photocopying Postage Stationery Website Materials Costs Equipment Purchases Computer Supplies Equipment Repairs Organ Costs Other Costs Bank Charges Professional Fees S14 Net gains/(losses) on investments Gain/loss on Investments S17 Transfers between funds Transfers Between Funds |
Unrestricted 27 728 4,525 276 233 2,418 681 0 4,065 0 0 9 13 430 1,444 2,655 24 142 11 0 550 78 323 396 373 443 42 83,401 0 0 -4,000 -4,000 |
Restricted 0 0 0 0 0 2,166 1,049 511 1,513 3,120 99 26 8,814 903 0 0 0 17 0 175 665 0 456 638 793 0 288 21,734 18,774 18,774 4,000 4,000 |
Endowment 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 |
Year Total 27 728 4,525 276 233 4,584 1,730 511 5,578 3,120 99 35 8,827 1,334 1,444 2,655 24 159 11 175 1,215 78 779 1,034 1,166 443 330 105,135 18,774 18,774 0 0 |
Last Year |
| 377 422 4,948 231 55 2,850 1,203 486 5,536 3,120 93 18 8,054 1,179 1,015 1,163 0 138 0 174 576 44 0 213 1,283 363 0 94,570 -8,963 -8,963 0 0 |
Independent examiner's report on the accounts
| Section A Independent Examiner’s Report |
Section A Independent Examiner’s Report |
|---|---|
| Report to the trustees/ members of On accounts for the year ended Set out on pages Responsibilities and basis of report |
THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF ST. GILES BALDERTON, SOUTHWELL AND NOTTINGHAM 31 December 2022 Charity no (if any) 1135321 One to Seven – including these two pages I report to the trustees on my examination of the accounts of the above charity (“the Trust”) for the year ended 31/12/2022. As the charity's trustees, 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 2011 Act and in carrying out my examination, I have followed all the applicable Directions given by the Charity Commission under section 145(5)(b) of the Act.
Independent I have completed my examination. I confirm that no material matters have examiner's statement come to my attention in connection with the examination (other than that disclosed below *) which gives me cause to believe that in, any material respect:
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the accounting records were not kept in accordance with section 130 of the Charities Act; or
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the accounts did not accord with the accounting records; or
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the accounts did 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.
- Please delete the words in the brackets if they do not apply.
| Signed: Name: Relevant professional qualification(s) or body (if any): |
Darren Warren Date: |
13/03/2023 |
|---|---|---|
| Darren Warren – Paxton Independent Examiners | ||
| FMAAT |
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Address: 61a High Street South
Rushden
Northants, NN10 ORA
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Section B Disclosure
Only complete if the examiner needs to highlight material matters of concern (see CC32, Independent examination of charity accounts: directions and guidance for examiners).
Give here brief details of any items that the examiner wishes to disclose .
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Paxton
Balance Sheet as at 31/12/2022
| Total funds | Prior year funds | |
|---|---|---|
| Fixed assets Intangible assets Tangible assets Heritage assets Investments Total fixed assets Current assets Stocks Debtors Investments Cash at bank and in hand Total current assets Creditors: amounts falling due within one year Net current assets/(liabilities) Total assets less current liabilities Creditors: amounts falling due after more than one year Provisions for liabilities |
0 0 0 199,740 199,740 0 1,069 0 52,173 53,241 0 53,241 252,981 0 0 |
0 74,000 0 78,514 152,514 0 2,526 0 31,763 34,289 0 34,289 186,803 0 0 |
| Total net assets or liabilities | 252,981 | 186,803 |
| Funds of the charity: Endowment funds Restricted income funds Unrestricted funds Revaluation reseerve |
0 224,923 28,058 0 |
0 159,835 26,968 0 |
| Total charity funds | 252,981 | 186,803 |
Page 3 of 7
Paxton
Charity Commission SOFA Report as at 31/12/2022
| Unrestricted funds |
Restricted Income funds |
Endowment funds |
Total funds | Prior year funds |
|
|---|---|---|---|---|---|
| Income and endowments from: Donations and legacies Charitable activites Other trading activities Investments Separate material item of income Other |
£ 73,498 0 1,242 6,501 0 0 |
£ 107,273 0 1,460 863 0 0 |
£ 0 0 0 0 0 0 |
£ 180,771 0 2,702 7,364 0 0 |
£ 111,996 0 1,477 4,578 0 0 |
| Total | 81,240 | 109,596 | 0 | 190,837 | 118,051 |
| Expenditure on: Raising funds Charitable activities Separate material item of expense Other |
749 83,401 0 0 |
0 21,734 0 0 |
0 0 0 0 |
749 105,135 0 0 |
567 94,569 0 0 |
| Total | 84,150 | 21,734 | 0 | 105,884 | 95,136 |
| Net income/(expenditure) before investment gains/(losses) Net gains/(losses) on investments Net income/(expenditure) Extraordinary items Transfers between funds |
-2,909 0 -2,909 0 4,000 |
87,862 -18,774 69,088 0 -4,000 |
0 0 0 0 0 |
84,953 -18,774 66,178 0 0 |
22,915 8,963 31,877 0 0 |
| Net Movement in Funds | 1,091 | 65,088 | 0 | 66,178 | 31,877 |
| Reconciliation of Funds Total funds brought forward |
26,968 | 159,835 | 0 | 186,803 | |
| Total funds carried forward | 28,058 | 224,923 | 0 | 252,981 |
Page 4 of 7
Charity Commission SOFA Details Report
Paxton
| December 2022 | |||||
|---|---|---|---|---|---|
| S01 Donations and legacies Donations Received Misc Donations Service Collections Baptism Collections Funerals Collections Weddings Collections Envelope Collections USPG Christian Aid Church Hall Bookings Magazine Sales Wedding Fees Funeral Fees Other Sales/Income Bequests and Legacies Gift Aid Tax Claimed S02 Charitable activities (inc.) S03 Other trading activities Fundraising-Church Fundraising-Charities Coffee Sales S04 Investments Dividends Interest Rent Income S05 Separate material item of income S06 Other (inc.) S08 Raising funds Donations from Fundraising Charitable Giving |
Unrestricted 23,266 3,353 3,315 813 662 1,041 5,703 144 206 0 12 4,176 15,866 6,000 0 8,942 73,499 0 735 0 507 1,242 5,092 1,408 0 6,500 0 0 420 329 |
Restricted 48 2,834 48 0 31 0 15 0 0 22,448 0 0 0 79,606 1,500 744 107,274 0 1,460 0 0 1,460 644 219 0 863 0 0 0 0 |
Endowment 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 |
Year Total 23,314 6,186 3,363 813 694 1,041 5,718 144 206 22,448 12 4,176 15,866 85,606 1,500 9,686 180,773 0 2,195 0 507 2,702 5,737 1,627 0 7,364 0 0 420 329 |
Last Year |
| 22,122 4,283 2,602 913 1,646 198 5,870 0 0 8,383 0 3,650 17,097 10,745 25,950 8,539 111,998 0 961 467 49 1,477 1,211 0 3,366 4,577 0 0 467 100 |
Page 5 of 7
Charity Commission SOFA Details Report
Paxton
| December 2022 | |||||
|---|---|---|---|---|---|
| S09 Charitable activities Parish Share Materials for Services Subscription/Licenses Salaries and Wages Organists' Salaries Employer's NI Choir Fees Paid Clergy Fees Paid Bellringer's Fees Verger Fees Paid Sunday Club Costs Wedding Fees Paid Funeral Fees paid General Travel Expenses Training Costs Heat & Light Rates Water Rates Premises Insurance Church Hall Caretaker Wages Church Hall Cleaning Materials Church Cleaning Materials Repairs Other Premises Costs Telephone/fax/email Printing/photocopying Postage Stationery Website Materials Costs Equipment Purchases Computer Supplies Equipment Repairs Organ Costs Other Costs Bank Charges Professional Fees S10 Separate material item of expense S11 Other (exp.) |
Unrestricted 749 47,424 1,263 1,497 3,202 2,250 811 70 2,498 760 3,740 27 728 4,525 276 233 2,418 681 0 4,065 0 0 9 13 430 1,444 2,655 24 142 11 0 550 78 323 396 373 443 42 83,401 0 0 |
Restricted 0 0 0 501 0 0 0 0 0 0 0 0 0 0 0 0 2,166 1,049 511 1,513 3,120 99 26 8,814 903 0 0 0 17 0 175 665 0 456 638 793 0 288 21,734 0 0 |
Endowment 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 |
Year Total 749 47,424 1,263 1,997 3,202 2,250 811 70 2,498 760 3,740 27 728 4,525 276 233 4,584 1,730 511 5,578 3,120 99 35 8,827 1,334 1,444 2,655 24 159 11 175 1,215 78 779 1,034 1,166 443 330 105,135 0 0 |
Last Year |
| 567 45,888 326 2,416 3,338 1,120 1,516 0 2,835 300 3,290 377 422 4,948 231 55 2,850 1,203 486 5,536 3,120 93 18 8,054 1,179 1,015 1,163 0 138 0 174 576 44 0 213 1,283 363 0 94,570 0 0 |
S14 Net gains/(losses) on investments
Page 6 of 7
Charity Commission SOFA Details Report
Paxton
| December 2022 | |||||
|---|---|---|---|---|---|
| Gain/loss on Investments S16 Extraordinary items S17 Transfers between funds Transfers Between Funds S18 Gains and losses on revaluation of fixe S19 Other gains/(losses) |
Unrestricted 0 0 0 -4,000 -4,000 0 0 |
Restricted 18,774 18,774 0 4,000 4,000 0 0 |
Endowment 0 0 0 0 0 0 0 |
Year Total 18,774 18,774 0 0 0 0 0 |
Last Year |
| -8,963 -8,963 0 0 0 0 0 |
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