2023-12-31-accounts - The Parochial Church Council Of The Ecclesiastical Parish Of St Pancras And St John, Chichester

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				Page
Report ofthe Trustees			1	to	6
Imlependent Examiner's	Report
Statement of Financial	Activities
Balance Sheet
Cash Flovv Statement				10
Notes to the Cash Flow	Statement
Notes to the Financial Statetnents			12	to	22
Detailed Statement ofFinancial		Activities	23	to	24

					2023	2022
			Unrestricted	Restricted	Total	Total
			funds	funds	funds	funds
		Notes
INCOME AND ENDOWMENTS	FROJVI
Donations and legacies			114,333	6,877	121,210	129,553
Charitable activities
Church activities			10,400		10,400	7,502
Investment income			51,135		51,135	38,370
Total			175,868	6,877	182,745	175,425
EXPENDITLJRE ON
C ha rita hie activities
Church activities			177,521	20,784	198,305	194,296
Net gains/(losses) on investments			2,397		2,397	~3,391)
NFT INCOJVIE/(EXPENDITLJRE) Transfers between funds		13	744 ~9,643)	(13,907) 9,645	(13,163)	(22,262)
Net movement in funds			(8,901)	(4,262)	(13,163)	(22,262)
RECONCII IATION OF FUNDS
'1'otal funds brought forward			920,270	10,044	930,314	952,576
TOTAI. FlJNDS CARRIED FORWARD			911,369	5,782	917,151	930,314

					2023	2022
			Unrestricted	Restricted	Total	Total
			funds	funds	funds	funds
		Notes
FIXEDASSETS
Tangible assets		11	465,155		465,155	465,870
Investments		12	28,137		28,137	25,740
			493,292		493,292	491,610
CURRENT ASSETS
Debtors		13	23,985	518	24,503	24,363
Cash at bank and in hand			403,239	5,264	408,503	423,877
			427,224	5,782	433,006	448,240
CREDITORS
Amounts falling due within	one year	I4	(9,147)		(9,147)	(9,536)
NET CURRENT ASSFTS			418,077	5,782	423,859	438,704
TOTAL ASSETSLFSSCURRENT
LIABILITI F.S			911,369	5,782	917,151	930,314
NET ASSFTS			911,369	5,782	917 151	930314
FUNDS
General fund					638,845	634,269
Balding fund					272,524	286,001
Unrestricted funds					911,369	920,270
Restrictecl funds					5,782	10,044
TOTAL FUNDS					917,151	930,314

					2023	2022
				Notes
Cash flows from operating	activities
Cash generated from operations					~66,509	~69,2tl9
Net cash used in operating	activities				~66,509)	~69,209)
Cash flows frotn investing	activities
Interest received					15,673	3,595
Property rental income					35,462	34,775
Net cash provided by investing		activities			51,135	38,370
Change in cash and cash	equivalents		in
the reporting period					(15,374)	(30,839)
Cash and cash equivalents	at	the
beginning ofthe reporting	period				423,877	454,716
Cash and cash equivalents	at	the end	of
the reporting period					408,503	423,877

RECONCILIATION OF NET E ACTIVITIES	XPENDITURE TO NET CASH FLOW	FROID OPERATIN	G
		2023	2022
Net expenditure for the reporting	period (as per the Statement of
Financial Activities)		(13,163)	(22,262)
Adjustments for:
Depreciation charges		715	894
(Gain)/losses on investments		(2,397)	3,391
Interest received		(15,673)	(3,595)
Property rental income		(35,462)	(34,775)
Decrease/(increase) in debtors Decrease in creditors		(140) ~389)	(2,233) ~)0,629)
Net cash used in operations		~66,509)	~69,209)

ANALYSIS OF CHANGES IN NET FIJND	S
	At 1.1.23	Cash flow	At 31.12.23
Net cash
Cash at bank and in hand	423,877	~15,374)	408,503
	423,877	~15376)	408,503
'I'otal	423,877	~)5,37'I)	408,503

DONATIONS	AN D	LEG	ACIES
				2023	2022
Collections at	all services			7,842	5,0S6
Standing order	donations			67,343	63,170
Income tax recoverable				18,643	20,210
Grants				410
Donations —St	Pancras	International		2,840	6,020
Sundry donations and		other income		18,503	17,025
Other planned	giving			2,520	3,340
Youth work				3,109	14,732
				121,210	129,553
Grants received, included			in the above, are as I'ollows:
				2023	2022
Chichester welfare Trust				410
INYESTNIENT INCONI			V.
				2023	2022
I I'opel'ty rental	lllcolne			35,462	34,775
UK dividends	and interest			15,673	3,59S
				51,135	38,370

4.	INCOME FROIVI CHARITABLE ACTIVI1'IES	INCOME FROIVI CHARITABLE ACTIVI1'IES	INCOME FROIVI CHARITABLE ACTIVI1'IES
						2023	2022
		Activity
	Church hall lettings	Church	activities			10,400	7,502
5.	CHARITABI, F.ACTIVITIES COS1'S
					Grant
					funding of
				Direct	activities	Support
				Costs (see	(see note	costs (see
				note 6)	7)	note 8)	Totals
	Church activities			139,200	17,345	41,760	198,305
6.	DIRECT COS1'S OF CHARITABLE		AC'I'IVll	IES
						2023	2022
	Staff costs					40,720	34,570
	Activities					13,149	8,958
	Parish contributions					74,856	73,200
	Rector's and others evpenses					10,475	12,406
						139,200	129,134
7.	GRANTS PAYABLE
						2023	2022
	Church activities					17,345	19,461

Grants payable	Grants payable	Grants payable	from the St Pancras International	from the St Pancras International	from the St Pancras International	in the above:
						2023	2022
Anglican	International		Development				1,065
Children	on	the Edge					1,070
CMJ						180	240
Crosslinks	-	Nekemte	School			640	540
Interserve						90	120
J Rowe						750	1,850
Crossing	to	conquer	—Nairobi			2,250	7,271
Ukraine						2,000
Link to Hope							21
SGP - N	Aspden					225
N Cyprus						250
Open Doors						50
R Vaierio						250
Rev Ugwu						1,050
Translation		Trust				7,520	4,520
Tearfund	for Turkey		earthquake			1, 1 I 5
Rev Nwoke						300
Ukraine refugees							884
University	ofChichester			Christian	Union		200
						16,670	17,781

									Govcl'nance
							M&anagcnlcnt	I inance	costs	Totals
Church	activities						39,300	120	2,340	41,760
Support	costs,	included		in the above,	&are	&Bs	follows:
									2023	2022
									Church	Total
									activities	activities
Legal and professional				fees					3, 104
Upkeep	- Services								1,626	S83
Upkeep	- Swanfleld		Drive						1,536	1,036
Repairs	- Buildings								S,438	2,830
Maintenance		- Church							4,056	3.S75
Ivl&ainten&ance		- Hall							6,028	4,662
IVlaintcnance		- I/2	St Pancras						3,320	2,595
Depreciation		oftangible		and heritage	assets				715	89-1
Bank charges									120	120
C Bl'I'Icd	for&&v;u'cl								25&9-13	16,795

				2023	2022
				Church	Total
				activities	activities
Brought forward				25,943	16,295
Independent	examination	fees		2,340	2,160
Professional	fees relating	to redevelopment	cost	13,477	27,246
				41,760	45,701

			2023	2022
YVages	and salaries		39,508	34,031
Social	security	costs	711
Other	pension	costs	501	539
			40,720	34,570

The aver	age monthly	number ofemployees during the ye	ar was as follows:
			2023	2022
Number	ofCharitable	Staff	2	2

TANGIBLE FIXEDASSET	S
			improvements
	Freehold	Long	to	Furniture
	property	leasehold	property	& equipment	Totals
COST
At 1st January 2023 and
31stDecember 2023	38,930	350,000	126,755	40,038	555,723
DEPRECIATION
At 1st January 2023 Charge for year			53,390	36,463 715	89,853 715
At 31st December 2023			53,390	37,178	90,568
NET BOOK VALUE
At 31st December 2023	38,930	350,000	73,365	2,860	465,155
At 31st December 2022	38,930	350,000	73,365	3,575	465,870

			Listed
			investments
iVIARKF. 1' VALUE
At 1st January 2023			25,740
Revaluations			2,397
At 31stDecember 2023			28,137
NF.'I' BOOK VALUE
At 31st December 2023			28,137
At 31st December 2022			25,740
There were no investment	assets outside	the UK.

13.	DFBTORS:	AIVIOIIN	TS FALLING DEIE %VI I'HIN ONE YEAR
				2023	2022
	Trade debtors			2,099	555
	Other debtors			878	760
	Income tax recoverable			18,968	18,609
	Prepayments	and accrued income		2,558	4,439
				24,503	24,363
14.	CREDI1'ORS: AKIOIINTS FAI,LING DI.IEQ'ITIIIN ONE YFAR
				2023	2022
	Other creditors			6,747	6,146
	Accruals and	def'erred	incolne	2,400	3,390
				9,147	9,536

IV1OVEMENT IN FUN	DS
				Net	Transfers
				movement	between	At
			At 1.1.23	in funds	funds	31.12.23
Unrestricted funds
General fund			634,269	14,221	(9,645)	638,845
The Balding Redevelopment		Fund	286,001	~13,477)		272,524
			920,270	744	(9,645)	911,369
Restricted funds
St Pancras International			8,648	(13,312)	9,645	4,981
Emergency Fund			1,396	(605)		791
Youth Work				10		10
			10,044	~13,907)	9,645	5,782
TOTAL FUNDS			930,314	~13,183)		917,151
Net movement in funds,	included		in the above are as follows:
			Inconll n17	Resources	Gains and	Wlovement
			resources	expended	losses	in funds
Unrestricted funds
General fund			175,868	(164,044)	2,397	14,221
The Balding Redevelopment		l=und		@13,477)		~13,477)
			175,868	(177,521)	2,397
Restricted funds
St Pancras International			34358	(16,670)		(13,312)
Emergency Fund				(605)		(605)
Youth Work Chichester Welf'are Trust			3,109 410	(3,099) ~410)		10
			6,877	~20,784)		~)3,907)
TOTAL FUNDS			187,745	))98,303)	2,397	~13,163)

Comparative	s for movemen	t in funds
				Net	Transfers
				movement	between	At
			At 1.1.22	in funds	funds	31.12.22
unrestricted	funds
General fund			627,656	30,596	(23,983)	634,269
The Balding	Redevelopment	Fund	313,037	~27,036)		286,001
			940,693	3,560	(23,983)	920,270
Restricted funds
St Pancras International			10,387	(II,159)	9,420	8,648
Emergency	Fund		1,496	(100)		1,396
Youth YVork				~14,563)	14,563
			11,883	~2S,822)	23,983	10,044
TOTAL F(JNDS			952,576	~22,262)		930,314

				Incoming	Resources	Gains and	Movement
				resources	expended	losses	in funds
lJnrestricted		funds
General fund				153,842	(119,855)	(3,391)	30,596
The Balding		Redevelopment	Fund	210	f27,24G)		~27,036)
				154,052	(147,101)	(3,391)	3,560
Restricted	funds
St Pancras International				6),621	(17,780)		(11,159)
Emergency		Fund		20	(I20)		(100)
Youth KVork				14,732	~29,295)		~14,563)
				21,373	~47,195)		~25,822)
TOTA L F(		I NDS		175,425	(194,296)	~3,391)	f22,262)

				Net	Transfers
				movement	between	At
			At 1.1.22	in funds	funds	31.12.23
Unrestricted	funds
General fund			627,656	44,817	(33,628)	638,845
The Balding	Redevelopment	Fund	313,037	~40,513)		272,524
			940,693	4,304	(33,628)	911,369
Restricted	funds
St Pancras International			10,387	(24,471)	19,065	4,981
Emergency	Fund		1,496	(705)		791
Youth VVork				~I4,553)	14,563	10
			11,883	~39,729)	33,628	5,782
1'01AL FUNDS			952,576	~35,425)		917,151

		lncollliltg	Resources	Gains and	Movement
		resources	expended	losses	ln funds
Unrestricted funds
General fund		329,710	(283,899)	(994)	44,817
The Balding Redevelopment	Fund	210	~40,723 )		~40,513)
		329,920	(324,622)	(994)	4,304
Restricted funds
St Panel'as International		94979	(34,450)		(24,471)
Emergency Fund		20	(725)		(705)
Youth 9Vork Chichester 3Vellare Trust		17,841 410	(32,394) ~410)		(14,553)
		28,250	~67,979)		~39,729)
TOTAL FUNDS		358,170	I)92,601)	~994)	~35,425)

			2023	2022
INCOIVIE AND ENDOWMENTS
Donations and legacies
Collections at all services			7,842	5,056
Standing order donations			67,343	63,170
Income tax recoverable			18,643	20,210
Grants			410
Donations —St Pancras	International		2,840	6,020
Sundry donations and	other income		18,503	17,025
Other planned giving			2,520	3,340
Youth work			3, 109	14,732
			121,210	129,5S3
Investment income
Property rental income			35,462	34,775
VK dividends and interest			15,673	3,595
			51,135	38,370
Charitable activities
Church hall lettings			10,400	7,502
Total incoming resources			182,745	175,425
EXPEN DITIIRE
Charitable activities
'lVages			39,508	34,031
Social security			711
Pensions			501	539
Activities			13,149	8,958
Parish contributions			74,856	73,200
Rector's and others expenses			10,475	12,406
Grants to institutions			17,345	19,461
			IS6,54S	148,S9S
Suppolt costs
Klanagement
Legal and professional		fees	3, 104
Upkeep - Sen ices			1,626	583
Upkeep - Swanfield	Drive		1,536	1,036
Repairs - Buildings			5,438	2,830
IVIaintenance —Chiuich			4,0S6	3,S7S
Carried forward			15,760	8,024

					2023	2022
Management
Brought forward					15,760	8,024
Maintenance		- Hall			6,028	4,662
Maintenance		- I/2 St Pancras			3,320	2,595
Depreciation		offurniture	&equipment		715	894
					25,823	16,175
Finance
Bank charges					120	120
Governance		costs
Independent		examination	fees		2,340	2,160
Total resources		expended	on ordinary	activities	184,828	167,050
Professional	fees relating		to redevelop	ment cost	13,477	27,246
Total resources expended					198,305	194,296
Net income/(expenditur			e)		~15,560)	J18,871)