**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:
- Worship and prayer; learning about the gospel; and developing their knowledge and trust in Jesus.
- Provision of pastoral care for people living in the parish.
- Missionary and outreach work.
The Trustees’ Report continues in the sub-sections written by:
- The Vicar’s Report
- The Safeguarding Officer
- The Church Wardens (including Church Fabric and the Community Hall)
- The PCC Secretary
- PCC Electoral Roll Officer
- Ministry support teams (including the Choir, Worship Band, Bell Ringers)
- Deanery Synod members
- 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:
- Consecrated and beneficial property of any kind is excluded from the accounts by s96(2)(a) of the Charities Act 1993.
- Movable church furnishings held by the churchwardens on special trust for the PCC.
- 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:
- the accounting records were not kept in accordance with section 130 of the Charities Act; or
- the accounts did not accord with the accounting records; or
- 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||
Page 1 of 7
**----- Start of picture text -----**
Address: 61a High Street South
Rushden
Northants, NN10 ORA
**----- End of picture text -----**
**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** .
Page 2 of 7
## **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|
Page 7 of 7