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2023-12-31-accounts

Luton St Francis’ Parish - Annual Report for 2023

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Aim and Purposes

The St. Francis Parochial Church Council (PCC) has the responsibility of co-operating with the incumbent, Revd Josias De Souza, in promoting in the ecclesiastical parish, the whole mission of the Church, pastoral, evangelistic, social and ecumenical. The PCC is also specifically responsible for the maintenance of the Church Complex of St Francis, Carteret Road, Luton, the Church of St Hugh’s, Cockernhoe and 15 Lancing Road, Luton, Beds and to work in partnership with the incumbent to agree on how PCC money is spent, the form of Sunday worship and the priest’s vesture in use in the Church.

Objectives and Activities

The PCC is committed to enabling as many people as possible to worship at our church and to become part of our parish community at St. Francis. The PCC maintains an overview of worship throughout the parish and makes suggestions on how our services can involve the many groups that live within our parish. Our Services and worship put faith into practice through prayer and scripture, music and sacrament.

The purpose of St Francis church states “The Lord Jesus left us with a great commandment and a great commission and on this we base our purposes” To this end we have identified five values, which we define under the headings of Worship, Outreach, Fellowship, Community and Discipleship.

When planning our activities for the year, we have considered the Charity Commission's guidance on public benefit and particularly the supplementary guidance on charities for the advancement of religion. Specifically, we try to enable ordinary people to live out their faith in Jesus Christ as part of our parish community through:

In support of our ministry, it is important that we strive to maintain the fabric of the Churches of St. Francis Luton and St. Hugh’s at Cockernhoe, the Church Centre Complex and 15 Lancing Road, Luton, Beds

Achievements and Performance

Worship and Prayer

Our regular Church services, whom all are welcome to attend, are held at 9:15 am (Parish Communion) and 11am (Morning Worship). At present, there are 92 parishioners on the Electoral Roll, an increase of 3 from the previous year and from that number 23 are not resident within the Parish. The average weekly attendances over the two services on a Sunday was 88. Prayer Ministry is held after both services and on a Wednesday morning from 10:30am which is a time for Private Prayer, after which there is a Said Eucharist. Regular prayer meetings are also held on a Wednesday at 7:30am and 6:00pm.

The church additionally held services on Ash Wednesday, Maundy Thursday and Mothering Sunday with services on Good Friday and Easter Sunday and for Ascension Day. Harvest Festival, Remembrance Sunday, the Memorial Service for Funeral Contacts, Toy Service, Christingle/Crib Service, Midnight Holy Communion and the Christmas Day Services. Cockernhoe School also held two end of term services at the church.

The PCC are keen for our church to offer an appropriate range of opportunities whereby people can engage with The Lord and grow as disciples of Jesus. At the 11.00am Sunday services there are groups most weeks for young people and one week a month is given over to an all-age service. We welcome new individuals and families to the distinctive styles of Worship our Church offers, including All-Age Services. During midweek there are activities such as Wednesday Morning Prayer, home-groups, and HOPE group and from October 2022 to April 2023 the Warm Space.

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Luton St Francis’ Parish - Annual Report for 2023

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St. Hugh’s Church in Cockernhoe held three monthly services between January and June until the building was deemed unsafe due to electrical issues.

As well as our regular and special services, we enable our community to celebrate and thank God at the milestones of the journey through life. Through Baptisms and Thanksgivings, we thank God for the gift of life, in marriage public vows are exchanged with God’s blessing and through funeral services friends and families express their grief and give thanks for the life which is now complete in this world and commend the person into God’s keeping. This year there have been no church weddings, no church funerals and one baptism. There was one confirmation service. Eight funerals were officiated by Staff members at Luton Crematorium.

Deanery Synod

Along with staff members, two lay members of our PCC sit on the Deanery Synod. This provides the PCC with an important link between the parish and the wider structures of church.

The Church Centre Complex

During the week, the hall and adjacent rooms were used by the Ladies Club, the HOPE Group and In addition to these, - Jolly Beans, a singing group for preschool children and their carers, a Line Dancing group, a Self-weigh Baby Clinic and Early Start for new mothers and babies, both run by Flying Start. The Warm Spaces Initiative instigated by Luton Council was held on a Tuesday from November 2022 and continued until April 2023, for which the church received a grant and then ran as the Conversation Club from November 2023.

Several other groups use our facilities during the evening and at the weekend. These include Brownies, Kumon an educational tutoring program, two Taekwondo Clubs, a Vauxhall Pensioners Group, The Next Generation Theatre Group who meet twice a week and an African Apostolic Church and the Community Café, who both meet on a Saturday. The hall and adjacent rooms are also hired when required for elections and on a casual basis for church members, for events such as birthday parties.

Pastoral Care

When members of our parish are unable to attend church due to sickness or age they are visited by the vicar and other members of the church family, to keep them in touch with Church life. Others are visited where need arises to give spiritual, moral and practical support. We now also offer Prayer Ministry at church on most Sundays and on a Wednesday morning from 10:30 -11:30.

Mission and Evangelism

Helping those in need is a demonstration of our partnership in the Gospel. We have made regular donations to our four Mission Partners, namely Wycliffe Bible Translators (Sarah Casson), Hands of Mercy, Youthscape and CPAS and also included a new mission partner, YWAM (Harpenden). Additionally, we made one-off donations to The British Legion and Nansambo School. We also support Azalea, a local charity with donations of food and toiletries.

We seek to organise activities that engage with people at various stages in a journey of faith. Some will be purely social to establish contact and confidence; some will introduce testimony and questions and some [e.g. Alpha Course] will invite people to look more deeply and decide to follow Jesus.

Social events that were held over the year were, Maundy Thursday supper, May Day craft and games day, Jumble and Craft sale, jacket potato lunch, Bonfire night, Christmas Crafts Market, Christmas lunch and Carol Service refreshments.

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Luton St Francis’ Parish - Annual Report for 2023

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A Summer Club for children of up to 11 years of age was held for one week in the school summer holidays and also a Christmas party as a follow-up.

Ecumenical Relationships

Throughout the year, St. Francis Church has continued to be involved with the work of Luton Town Centre Chaplaincy with one member of the congregation working as a chaplain at the court, and one as a chaplain at Asda. In addition, we collaborate with other local churches most obviously in the Good Friday Walk of Witness which took place this year.

Financial Review

The Charity Commission has set the threshold for preparing accrual accounts at £250,000 so we can continue to do simple receipts and payments accounts instead.

Many of our members give very generously to support the work of the Church. Some are less able to contribute in this way, but we recognize that financial giving is not a measure of a person’s commitment to the church. Only four people know how much money each person gives: God; the person themselves; the independent examiner (he does not know anyone, so they are just names to him) and the treasurer.

The Giving Review in 2022 resulted in a total pledge for 2023 of £42,000 and £35,309 was given. Loose collections were £8,368, compared to £5,241 in 2022. This was substantially higher than last year due in part to the purchase of a contactless device which generated additional income. From donations made through planned giving, i.e. the Parish Giving Scheme, standing order or envelopes, and from loose collections, we were able to claim a total of £10,005 in gift aid from HMRC for members of the congregation who are taxpayers and had authorised us to claim this.

We were asked to pay £56,480 for the Parish Share, which was reduced to £49,221 on account of our Curate occupying 15 Lancing Rd mid-year. Due to large unforeseen expenses we were unable to pay the Parish Share in full although we did pay around 50% for which the diocese thanked us.

By agreeing with the Diocese to only pay 50% of our Parish Share for 2023 and not having the expense of a Parish Administrator for the last two months of the year, we ended up with a small surplus that was transferred to the Fabric Fund.

We made donations totalling £1,550.

We had predicted a deficit for the general fund, but because we reduced our Parish Share contribution and also were without a Parish Administrator for the latter part of the year, and hence had a reduced wage bill, this resulted in a small overall surplus.

The hall income for 2023 totalled £14,587 and payments of £12,373 resulted in a surplus of £2,214. Although we lost one of our previous regular hirers we were able to welcome two new ones.

15 Lancing Road was rented out privately through Penrose Estate Agents until the end of June 2023 at which point our new Curate, David Holland and his wife took up residence. After paying for repairs and management fees, resulted in a surplus of £11,584.

There were no payments made from the capital account during 2023 other than a transfer of funds to the St. Hughs account.

There was no income from St. Hugh’s Cockernhoe in 2023. The PCC is responsible for the upkeep and maintenance of St. Hugh’s hence the cost of a fire risk assessment, a 5 year electrical test and some minor repairs that were Page 3 of 7

Luton St Francis’ Parish - Annual Report for 2023

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carried out in addition to regular payments for electricity and insurance meant a deficit for the year of £1,014 which was covered by a transfer from the Capital Account.

The Social Committee receipts and payments are recorded in the General Fund.

The Flower Fund, Hope and Ladies Club accounts are recorded separately by other members of the Church and were checked by the treasurer.

Andrew Rodell examined the PCC accounts and although he does not charge for his services, we gave him a gift of £200 to compensate him for his efforts.

In 2023 our total income was £111,042. This does not include the Endowment fund for Offley Gatty Bequest which has a value of £8,499 but has specific instructions how the money can be spent and cannot be used for general purposes.

Our total funds increased by £6,716 from £68,835 in 2022 to £75,551 in 2023, however if the Offley Gatty Bequest is not included they increased by £5,980 from £61,072 in 2022 to £67,052 in 2023. We sold £10,000 in shares from the funds we invested with the Central Board of Finance, however the market share value increased over the year by £4,736 giving an overall decrease in fund value of £5,264. The sale of shares was to cover repairs and maintenance of the buildings.

HM Revenue and Customs still did not wish to conduct an audit of our financial records which we must keep for seven years.

We have been asked to pay £57,651, reduced to £43,251 as a result of the housing allowance for 15 Lancing Rd, as the Parish Share for 2024.

Many years ago, the PCC decided to donate to charities 10% of our income from stewardship, tax refunds and loose collections. Our intention in 2024 is to try to abide by that decision, however financial constraints may dictate that a smaller amount will be ultimately donated.

St. Francis’ PCC is a registered charity number 1136430, and the PCC are the trustees.

Reserves Policy

It is PCC policy to try to maintain a balance of £50K on unrestricted funds, which equates to approximately three months unrestricted payments and fund any emergency situations which may arise from time to time. The balance satisfies this policy. It is also PCC policy to invest our funds with the Church of England Central Board of Finance Deposit Fund and Investment Fund.

Volunteers

We would like to thank all the volunteers who work so hard to make our church the lively and vibrant Community it is. Specifically, we want to mention our churchwardens Mrs Jacky Wilson and Mr Graham Hosker who work so tirelessly on our behalf, our Treasurer Mr Philip Heathcote who helps us all to understand the church's accounts and its finances, the Maintenance Action Committee who oversee the maintenance of the Church buildings, the Projects Management Team who oversee major project work, the Social Committee who play a vital role in outreach to the community, the Mission Team who seek to energise the outreach of the church and all the other members of the PCC for their valuable contribution to our ministry and for keeping the church running.

Page 4 of 7

Luton St Francis’ Parish - Annual Report for 2023

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Safeguarding

Mrs Sarah Savill, Parish Safeguarding Office and the Safeguarding Team meet regularly and produce and submit a written report twice a year to the PCC and the PCC has complied with the duty under section 5 of the Safeguarding and Clergy Discipline Measure 2016.

Structure, governance and management

The method of appointment of PCC members is set out in the Church Representation Rules. At St. Francis’ the membership of the PCC consists of the incumbent, other members of staff; churchwardens, readers, members of our congregation, who are members of the deanery synod and members elected by those members of the congregation who are on the electoral roll of the church. All those who attend our services / members of the congregation are encouraged to register on the Electoral Roll and stand for election to the PCC.

The PCC members are responsible for making decisions on all matters of general concern and importance to the parish including deciding on how the funds of the PCC are to be spent.

The full PCC met seven times during the year with an average level of attendance of 86%. The Finance, Mission, Buildings Working Group and Maintenance Action Committees are responsible to the PCC, and they continued to meet regularly. All Committees reported back to the full PCC and matters arising were discussed as necessary.

Administrative Information

St. Francis Church is situated in Carteret Rd. Luton. It is part of the Diocese of St. Albans within the Church of England. The correspondence address is St Francis’ Church, Carteret Road, Luton, LU2 9JZ

The PCC is a body corporate (PCC Powers Measure 1956, Church Representation Rules 2006) and a registered charity, number 1136430. The PCC are the Trustees.

Parish Administrator

Our Parish Administrator Rebecca Potter c o n t i n u e d t o perform a sterling job running the office and dealing with day to day and parish enquiries until her resignation in October 2023. The main responsibilities of the Parish Administrator include but are not restricted to:-

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Luton St Francis’ Parish - Annual Report for 2023

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The church currently has a vacancy for an Administrator, as this post became vacant in October 2023. This position is not being readvertised due to lack of finances.

PCC Decision Making

Over the course of the year, the PCC take decisions on a variety of matters, many of which involve spending money. Below is a list showing just some, but by no means all, of those items:

What this list doesn’t show is the enormous amount of work undertaken by the Church Officers and staff, the various sub-committees (Finance, Maintenance, Projects, Safeguarding, etc.) and various individuals throughout the year, to keep the Church estate in a fit state to allow our congregation to worship God and for us to offer our buildings to the community to allow them to pursue their many and varied activities.

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Luton St Francis’ Parish - Annual Report for 2023

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PCC Membership

PCC members who have served from 1st January 2023 until the date this report was approved are: Ex Officio members:

Churchwarden: Mr Graham Hosker Vice-Chairman

Elected Members:

Mrs Hilary Deacon was not re-elected APCM 2023

Mrs Jane Borritt resigned shortly after the APCM.

2023 Report approved by the PCC on 31st March 2024 and signed on their behalf by Revd Josias De Souza (PCC Chairman)

Page 7 of 7

Financial Statements for the year ended 31[st] December 2023

General, Unrestricted, Fund Receipts and Payments Account

Actual Budget
Actual
Receipts 2022 2023 2023
£ £ £
Planned giving 39808 42000 35309
Tax refunds 10038 10074 10005
Loose collections 5241 4000 8368
Fees 1312 1200 816
Offley Gatty Fund 231 230 232
Donations 1737 1250 1030
Refreshments 347 350 443
Church Fees 2281 - 2045
Miscellaneous 1119 - -
Youth Drop-in 250 - -
Holiday Club 689 - 1603
Stay and Play 146 - -
Crisis Fund 197 - -
Miscellaneous sundries 24 - -
Social/Miscellaneous 1648 1500 7035
Ministry/Outreach 1648 1500 3280
From Capital Fund 20233 - ____-
85301 60604 70166
Surplus for the year
Payments
Parish Share 54734 56476 34301
Staff expenses 1258 2500 2745
Church expenses 6327 6194 5771
Utilities 3201 3125 7427
Donations 3062 3520 1550
Education 1271 750 606
Photocopying and Stationery 1189 1080 1081
Administrator 8219 10940 7217
Church Fees 1716 2485
Social/Miscellaneous 554 2586
Ministry/Outreach 3770 1330 2624
- Holiday Club - - 1563
- Crisis Fund - - 101
To Fabric Fund - - 109
85301 85915 70166
Deficit for the year Deficit for the year Deficit for the year-25311

1

Financial Statements for the year ended 31[st] December 2023

Hall Receipts and Payments Account – Designated Fund

Receipts £ Payments
£
£
Casual 2632 Administrator 1663
Next Generation Youth Theatre 1216 Cleaner 3121
African Apostolic Church 1970 Cleaning supplies 712
Luton Town Taekwondo 1440 Keys 6
Kumon 1848 Kitchen Supplies 302
Brownies 292 Repairs etc. 396
Line Dancing 1408 Water 1496
Tuesday Conversation Club 278 Gas 2904
UK ITF Taekwondo 768 Window Cleaning 108
Jolly Beans 250 Sundries 621
Vauxhall Pensioners 280 Tuesday Conversation Club 288
Water refund 714 Boiler Service 706
Community Cafe 99 Hall Hire Refund 50
Flying Start 1392
Surplus for the year 2214
14587 14587
Fabric Fund Receipts and Payments Account – Designated Fund
Receipts £ Payments £
From Staff Housing Fund Church maintenance & repairs 12223
From General Fund 109 Major Work to Fabric of Church 986
Deficit for the year 13100 _____ _____
13209 13209
Capital Fund Receipts and Payments Account – Designated Fund Capital Fund Receipts and Payments Account – Designated Fund
Receipts £ Payments £
Interest 1560 To General Fund
Revaluation of shares 4736 To Fabric Fund
To St. Hugh’s Account 1014
____ Surplus for the year 5282
6296 6296
Staff Housing Fund Receipts and Payments Account – Designated Fund
Receipts £ £Payments
£
£
Rental Income less mgmt fees/repairs 5352 House Insurance 150
SADBF -housing allowance 7259 Repairs 580
Miscellaneous 297
Deficit for the year _____ Surplus for the year 11584
12611 12611

2

Financial Statements for the year ended 31[st] December 2023

St. Hugh’s Church and Churchyard Fund Receipts and Payments Account – Restricted Fund St. Hugh’s Church and Churchyard Fund Receipts and Payments Account – Restricted Fund St. Hugh’s Church and Churchyard Fund Receipts and Payments Account – Restricted Fund St. Hugh’s Church and Churchyard Fund Receipts and Payments Account – Restricted Fund St. Hugh’s Church and Churchyard Fund Receipts and Payments Account – Restricted Fund St. Hugh’s Church and Churchyard Fund Receipts and Payments Account – Restricted Fund
Receipts £ Payments £
From Capital Account 1014 Electricity 467
Insurance 163
Fire Servicing 36
5yr Electrical Test 325
____ Repairs Repairs __23
1014 1014
Offley Gatty Bequest – Endowment Fund
Receipts £ Payments £
Revaluation of shares 737 Surplus for the year Surplus for the year 737
737 737
FUNDS AND CURRENT ASSETS AS AT 31stDECEMBER 2023
FUNDS 2021 2022 2023
£ £ £
Hall – Designated Fund 28504 10305 12519
Fabric – Designated Fund 21826 15000 1900
Capital – Designated Fund 65626 25924 31206
Staff Housing – Designated Fund 13302 9843 21427
St. Hugh’s Church and Churchyard – Restricted Fund St. Hugh’s Church and Churchyard – Restricted Fund St. Hugh’s Church and Churchyard – Restricted Fund 585 0 0
Offley Gatty Bequest – Endowment Fund Offley Gatty Bequest – Endowment Fund Offley Gatty Bequest – Endowment Fund8793 7763 8500
138636 68835 75552
CURRENT ASSETS
Cash - - -
Bank 6999 1884 12605
CBF Deposit Fund 6088 952 1475
CBF Investment Fund 117434 58236 52972
Offley Gatty Fund Offley Gatty Fund Offley Gatty Fund Offley Gatty Fund8793 7763 8500 8793 7763 8500 8793 7763 8500
139314 68835 75552
plus DEBTORS - - -
less CREDITORS less CREDITORS less CREDITORS less CREDITORS3380
- -
138636 68835 75552

3

Financial Statements for the year ended 31[st] December 2023

Financial Statements for the year ended 31[st] December 2023. Receipts and Payments Accounts

Flower Fund – Restricted Fund

==> picture [400 x 567] intentionally omitted <==

----- Start of picture text -----
||||| |---|---|---|---| |Receipts|£|Payments|£| |Balance B/F|2|Flowers|200| |Donations|210|Balance C/F|12| |212|212| |Hope Group – Restricted Fund| |Receipts|£|Payments|£| |Balance B/F|100|Refreshments|19| |Refreshment donations|154|Cash Box|13| |Easter Refreshments 38|Saints Alive Course Materials|10| |Easter refreshments|10| |Party Food etc.|76| |Books and stationery|44| |Balance C/F|120| |292|292| |Ladies Club – Restricted Fund| |Receipts|£|Payments|£| |Balance B/F|1146|Speakers|80| |Outings & meals|1398|Outings & meals|2015| |Flower fund|3|Flowers|-| |Raffle fund|251|Gifts & Cards|60| |Donations|197|Donations|25| |Bring and Buy|151|Stationery|17| |Charity collections|9|Coach Fares Refund|5| |Bank Charges|68| |Subscriptions|576|Balance C/F|1461| |3731|3731| |Donations|£| |CPAS|300| |Hands of Mercy|300| |Wycliffe Bible Translators|300| |YWAM|300| |Youthscape|300| |Nansambo School|__50| |1550| |Parish Share|2022|2023|2024| |£|£|£| |Stipend contribution|35054|36111|37092| |Ministry support contribution|19680|20369|20559| |54734|*56480|57651|

----- End of picture text -----

  • Actual Parish Share for 2024 is reduced to £43,251 on account of £14,400 reimbursement for Curate Housing

** Actual Parish Share paid for 2023 was only £34301 less £7259 reimbursement for Curate Housing Notes:

  1. The financial statements of the PCC have been prepared in accordance with the Church Accounting Regulations 2006 using the Receipts and Payments basis.

4

Financial Statements for the year ended 31[st] December 2023

  1. Unrestricted funds may be used by the PCC for any of its ordinary purposes. Designated funds are funds set aside for specific purposes, which can be transferred to another fund at any time. Restricted funds can only be spent on the specific purpose for which they were given.

  2. Fixed assets retained for Church use is the freehold house at 15 Lancing Road, which is lived in by our curate when one is in post and rented privately when not. Assets recognised but not valued in the Statement of Assets and Liabilities include moveable church furnishings held by the Churchwardens on special trust for the PCC and which require a faculty for disposal.

  3. No payments were paid to PCC members.

  4. Investment shares on 31[st] December 2023 total 2343.35

  5. Endowment shares on 31[st] December 2023 total 376

Approved by the PCC of St. Francis’ Church on 26th March 2024 and signed on their behalf by:

Revd. Josias de Souza – Vicar

Independent Examiner’s report to the Parochial Church Council of St. Francis’ Luton

This report on the accounts of the PCC for the year ended 31[st] December 2022, which are set out on pages 1-4 is in respect of an examination carried out in accordance with the Church Accounting Regulations 2006 (“the Regulations”) and s.145 of the Charities Act 2011 (“the Act”).

Respective responsibilities of the PCC and the examiner

As members of the PCC you are responsible for the preparation of the accounts; you consider that the audit requirement of the Regulations and s.144(2) of the Act does not apply. It is my responsibility to issue this report on those accounts in accordance with the terms of the Regulations.

Basis of this report

My examination was carried out in accordance with the General Directions given by the Charity Commission under s.145(5)(b) of the Act and to be found in the Church Guidance, 2006 edition. That examination includes a review of the accounting records kept by the PCC and a comparison of the accounts with those records. It also includes considering any unusual items or disclosures in the accounts and seeking explanations from you as trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit, and consequently I do not express an audit opinion on the view given by the accounts.

Independent Examiner’s statement

In connection with my examination, no matter has come to my attention:

  1. which gives me reasonable cause to believe that in any material respect the requirements

  2. to keep accounting records in accordance with section 130 of the 2011 Act; and

  3. to prepare accounts which accord with the accounting records and comply with the requirements of the 2011 Act and the Regulations have not been met; or to which, in my opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached.

Mr Andrew Rodell

Independent Examiner – 7 Copthorne, Luton, Beds LU2 9RL

5

Financial Statements for the year ended 31[st] December 2023

General, Unrestricted, Fund Receipts and Payments Account

Actual Budget
Actual
Receipts 2022 2023 2023
£ £ £
Planned giving 39808 42000 35309
Tax refunds 10038 10074 10005
Loose collections 5241 4000 8368
Fees 1312 1200 816
Offley Gatty Fund 231 230 232
Donations 1737 1250 1030
Refreshments 347 350 443
Church Fees 2281 - 2045
Miscellaneous 1119 - -
Youth Drop-in 250 - -
Holiday Club 689 - 1603
Stay and Play 146 - -
Crisis Fund 197 - -
Miscellaneous sundries 24 - -
Social/Miscellaneous 1648 1500 7035
Ministry/Outreach 1648 1500 3280
From Capital Fund 20233 - ____-
85301 60604 70166
Surplus for the year
Payments
Parish Share 54734 56476 34301
Staff expenses 1258 2500 2745
Church expenses 6327 6194 5771
Utilities 3201 3125 7427
Donations 3062 3520 1550
Education 1271 750 606
Photocopying and Stationery 1189 1080 1081
Administrator 8219 10940 7217
Church Fees 1716 2485
Social/Miscellaneous 554 2586
Ministry/Outreach 3770 1330 2624
- Holiday Club - - 1563
- Crisis Fund - - 101
To Fabric Fund - - 109
85301 85915 70166
Deficit for the year Deficit for the year Deficit for the year-25311

1

Financial Statements for the year ended 31[st] December 2023

Hall Receipts and Payments Account – Designated Fund

Receipts £ Payments
£
£
Casual 2632 Administrator 1663
Next Generation Youth Theatre 1216 Cleaner 3121
African Apostolic Church 1970 Cleaning supplies 712
Luton Town Taekwondo 1440 Keys 6
Kumon 1848 Kitchen Supplies 302
Brownies 292 Repairs etc. 396
Line Dancing 1408 Water 1496
Tuesday Conversation Club 278 Gas 2904
UK ITF Taekwondo 768 Window Cleaning 108
Jolly Beans 250 Sundries 621
Vauxhall Pensioners 280 Tuesday Conversation Club 288
Water refund 714 Boiler Service 706
Community Cafe 99 Hall Hire Refund 50
Flying Start 1392
Surplus for the year 2214
14587 14587
Fabric Fund Receipts and Payments Account – Designated Fund
Receipts £ Payments £
From Staff Housing Fund Church maintenance & repairs 12223
From General Fund 109 Major Work to Fabric of Church 986
Deficit for the year 13100 _____ _____
13209 13209
Capital Fund Receipts and Payments Account – Designated Fund Capital Fund Receipts and Payments Account – Designated Fund
Receipts £ Payments £
Interest 1560 To General Fund
Revaluation of shares 4736 To Fabric Fund
To St. Hugh’s Account 1014
____ Surplus for the year 5282
6296 6296
Staff Housing Fund Receipts and Payments Account – Designated Fund
Receipts £ £Payments
£
£
Rental Income less mgmt fees/repairs 5352 House Insurance 150
SADBF -housing allowance 7259 Repairs 580
Miscellaneous 297
Deficit for the year _____ Surplus for the year 11584
12611 12611

2

Financial Statements for the year ended 31[st] December 2023

St. Hugh’s Church and Churchyard Fund Receipts and Payments Account – Restricted Fund St. Hugh’s Church and Churchyard Fund Receipts and Payments Account – Restricted Fund St. Hugh’s Church and Churchyard Fund Receipts and Payments Account – Restricted Fund St. Hugh’s Church and Churchyard Fund Receipts and Payments Account – Restricted Fund St. Hugh’s Church and Churchyard Fund Receipts and Payments Account – Restricted Fund St. Hugh’s Church and Churchyard Fund Receipts and Payments Account – Restricted Fund
Receipts £ Payments £
From Capital Account 1014 Electricity 467
Insurance 163
Fire Servicing 36
5yr Electrical Test 325
____ Repairs Repairs __23
1014 1014
Offley Gatty Bequest – Endowment Fund
Receipts £ Payments £
Revaluation of shares 737 Surplus for the year Surplus for the year 737
737 737
FUNDS AND CURRENT ASSETS AS AT 31stDECEMBER 2023
FUNDS 2021 2022 2023
£ £ £
Hall – Designated Fund 28504 10305 12519
Fabric – Designated Fund 21826 15000 1900
Capital – Designated Fund 65626 25924 31206
Staff Housing – Designated Fund 13302 9843 21427
St. Hugh’s Church and Churchyard – Restricted Fund St. Hugh’s Church and Churchyard – Restricted Fund St. Hugh’s Church and Churchyard – Restricted Fund 585 0 0
Offley Gatty Bequest – Endowment Fund Offley Gatty Bequest – Endowment Fund Offley Gatty Bequest – Endowment Fund8793 7763 8500
138636 68835 75552
CURRENT ASSETS
Cash - - -
Bank 6999 1884 12605
CBF Deposit Fund 6088 952 1475
CBF Investment Fund 117434 58236 52972
Offley Gatty Fund Offley Gatty Fund Offley Gatty Fund Offley Gatty Fund8793 7763 8500 8793 7763 8500 8793 7763 8500
139314 68835 75552
plus DEBTORS - - -
less CREDITORS less CREDITORS less CREDITORS less CREDITORS3380
- -
138636 68835 75552

3

Financial Statements for the year ended 31[st] December 2023

Financial Statements for the year ended 31[st] December 2023. Receipts and Payments Accounts

Flower Fund – Restricted Fund

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||||| |---|---|---|---| |Receipts|£|Payments|£| |Balance B/F|2|Flowers|200| |Donations|210|Balance C/F|12| |212|212| |Hope Group – Restricted Fund| |Receipts|£|Payments|£| |Balance B/F|100|Refreshments|19| |Refreshment donations|154|Cash Box|13| |Easter Refreshments 38|Saints Alive Course Materials|10| |Easter refreshments|10| |Party Food etc.|76| |Books and stationery|44| |Balance C/F|120| |292|292| |Ladies Club – Restricted Fund| |Receipts|£|Payments|£| |Balance B/F|1146|Speakers|80| |Outings & meals|1398|Outings & meals|2015| |Flower fund|3|Flowers|-| |Raffle fund|251|Gifts & Cards|60| |Donations|197|Donations|25| |Bring and Buy|151|Stationery|17| |Charity collections|9|Coach Fares Refund|5| |Bank Charges|68| |Subscriptions|576|Balance C/F|1461| |3731|3731| |Donations|£| |CPAS|300| |Hands of Mercy|300| |Wycliffe Bible Translators|300| |YWAM|300| |Youthscape|300| |Nansambo School|__50| |1550| |Parish Share|2022|2023|2024| |£|£|£| |Stipend contribution|35054|36111|37092| |Ministry support contribution|19680|20369|20559| |54734|*56480|57651|

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  • Actual Parish Share for 2024 is reduced to £43,251 on account of £14,400 reimbursement for Curate Housing

** Actual Parish Share paid for 2023 was only £34301 less £7259 reimbursement for Curate Housing Notes:

  1. The financial statements of the PCC have been prepared in accordance with the Church Accounting Regulations 2006 using the Receipts and Payments basis.

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Financial Statements for the year ended 31[st] December 2023

  1. Unrestricted funds may be used by the PCC for any of its ordinary purposes. Designated funds are funds set aside for specific purposes, which can be transferred to another fund at any time. Restricted funds can only be spent on the specific purpose for which they were given.

  2. Fixed assets retained for Church use is the freehold house at 15 Lancing Road, which is lived in by our curate when one is in post and rented privately when not. Assets recognised but not valued in the Statement of Assets and Liabilities include moveable church furnishings held by the Churchwardens on special trust for the PCC and which require a faculty for disposal.

  3. No payments were paid to PCC members.

  4. Investment shares on 31[st] December 2023 total 2343.35

  5. Endowment shares on 31[st] December 2023 total 376

Approved by the PCC of St. Francis’ Church on 26th March 2024 and signed on their behalf by:

Revd. Josias de Souza – Vicar

Independent Examiner’s report to the Parochial Church Council of St. Francis’ Luton

This report on the accounts of the PCC for the year ended 31[st] December 2022, which are set out on pages 1-4 is in respect of an examination carried out in accordance with the Church Accounting Regulations 2006 (“the Regulations”) and s.145 of the Charities Act 2011 (“the Act”).

Respective responsibilities of the PCC and the examiner

As members of the PCC you are responsible for the preparation of the accounts; you consider that the audit requirement of the Regulations and s.144(2) of the Act does not apply. It is my responsibility to issue this report on those accounts in accordance with the terms of the Regulations.

Basis of this report

My examination was carried out in accordance with the General Directions given by the Charity Commission under s.145(5)(b) of the Act and to be found in the Church Guidance, 2006 edition. That examination includes a review of the accounting records kept by the PCC and a comparison of the accounts with those records. It also includes considering any unusual items or disclosures in the accounts and seeking explanations from you as trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit, and consequently I do not express an audit opinion on the view given by the accounts.

Independent Examiner’s statement

In connection with my examination, no matter has come to my attention:

  1. which gives me reasonable cause to believe that in any material respect the requirements

  2. to keep accounting records in accordance with section 130 of the 2011 Act; and

  3. to prepare accounts which accord with the accounting records and comply with the requirements of the 2011 Act and the Regulations have not been met; or to which, in my opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached.

Mr Andrew Rodell

Independent Examiner – 7 Copthorne, Luton, Beds LU2 9RL

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