PAROCHIAL CHURCH COUNCIL OF CANFORD MAGNA CHURCHES, DORSET CANFORD MAGNA CHURCHES, DORSET Registered Charity No 1137810 FINANCIAL STATEMENTS OF THE PAROCHIAL CHURCH COUNCIL FOR THE YEAR ENDED 31 DECEMBER 2024
PAROCHIAL CHURCH COUNCIL OF CANFORD MAGNA CHURCHES, DORSET INDEX FINANCIAL STATEMENTS Page Charity Information 1&2 Annual Report 3to13 Statement of Parochial Church Council's responsibilities 14 Independent Examinerfs Report 15 Statement of Financial Activitie5 16 Balance Sheet 17 Cash Flow Statement 18 Notes to the Financial Statements 19to28
PAROCHIALCHURCH COUNCILOF CANFORD MAGNA CHURCHES, DORS CHARITY INFORMATION FOR THE YEAR ENDED 31 DECEMBER 2024 ADMINISTRATIVE INFORMATION rhe Parish includes three churche5.' Canford Magna Parish Church,. the Lantern Church and St. Barnabas Church Bearwood. It is part of the Dio¢ese of Salisbury within the ChuTch of England. The correspondence address 15 St Barnabas Church Office, King John Avenue, Bearwood, Bournemouth, BHII 9TF Governing document The Parochial Church Council IPCCI is a charity and is registered with the Charity Commission No. 1137810. It is govemed by the Parochial Church Council Powers Measure119561 as amended and church representation rules. PCC members who have seNed durlng the year are: Chairman Revd Mike Tufnell Team Wicars Revd Peter Myres Revd Matt Smith LLM Mr David Wells Church Wardens Parish Church Mrs Nicola Smart Mr laln Stevenson Lantem Mrs Rebecca Huntingford Mrjohn Mlller luntil Apdl 20241 Mr Peter Owen (from April 20241 St Barnabas Mr Ron Fletcher (until April 20241 Mr Michael Raymond (from Aprll 20241 Mrs Lynn Rowe (from April 20241 Representatlvu on the Denary Synod.. Mr Chris Weall Mrsjane Hazell Mr David Grant Mrs Hanna Wallace Mrs Mna Waterman Ifrom April 20241 page I
PAROCHIALCHURCH COUNCILOF CANFORD MAGNACHURCHES, DORSET ADMINISTRATIVE INFORMATION continued Elected members representing Canford Magn3 Parish Church: Mr Robin Christopher (until April 20241 Mrs Annette S¢ott Mr5tephen Oman Mr Peter Triplow Mr5 Sarah Emberley Ifrom April 20241 Elected members representing St Barnabas Church: Mr Pete Wilson Ifrom April 20241 Mrs Lynn Rowe (until April 20241 Mr Ron Fletcher (from April 20241 Mr Paul Warner Mr Graham Woolard Ifrom 20241 Elerted members representlng The Lantsm: Mrs Barbara Jaggs Mr AlistairTyndall Mr Peter Owen luntil April 20241 Mrs Maria Kane Mrs judy Hatchard Ico-opted from October 20241 Examiners Newton Magnus Arrowsmith Cour¢ Station Approach, 8roadstone, Dorset, BH18 8AT Bankers CAF Bank Limited 25 Kings Hill Avenue West Malling Kent ME19 4JQ Santander Bank Bootle Mersyslde L304GB page 2
ANNUALREPORT FOR THE YEAR ENDED 31 DECEMBER 2024 STRucfuRE, GOVERNANCE AND MANAGEMENT The method of appointment of the PCC members is set out in the Church Representation Rules. All Church attendees are encouraged to register on the Electoral Roll and stand for election to the PCC. New trustees are given training by the current trustees. Standing Committee Members: Revd. Mike Tufnell (Chairman) Revd. Peter Myres Revd. Matt Smith Mr lain Stevenson Mr Michael Raymond (from April 2024) Mr Peter Owen {from April 2024) Mr David Wells Mr Perry Grist (from April 2024 as Parish Treasurer) In order to carry out it's aims and objectives the PCC also has the following Sub-committee; Parish Church PCC Sub-committee Lantern PCC Sub-committee St. Barnabas PCC Sub-committee Business Forum PCC Sub-committee These meet at least four times a year, are accountable to the PCC and the three church sub- committees have the following responsibilities: Accountability for income and expenditure relating to their own church; Maintenance of their own building{s) Discussion of any matters appertaining to the life of their church which normally come under the remit of the P.C.C. The purpose of Business Forum sub-committee is to discuss the non ministerial governance of the PCC in order to bring informed proposals to the PCC for discussion and approval, thereby allowing the PCC to focus on vision, mission and prayer. OBJEcfivES AND ACTIVITIES Canford Magna PCC has the responsibility of co-operating with Team Rector and Team Vicars in promoting the whole mission of the church in the ecclesiastical Parish: pastoral, evangelistic, Social and ecumenical. The PCC also owns the Canford Magna Centre and part of the detached churchyard and has maintenance responsibility for the Pulse {Canford Magna Village Hall); 2 Chichester Walk and the Lantern Hub. The Diocese of Salisbury maintain the clergy residences. page 3
ANNUAL REPORT continued Parish Numbers There are 423 parishioners on the church electoral roll for 2023 (430 2023), 188 of whom are not resident within the Parish. Review of the Year The PCC met 5 times in 2024. (including the meeting directly after the APCM). The average level of attendance at the meetings was 76¥0 which is lower than the last year. The PCC has received regular reports from the Parish Treasurer, the three church Sub- Committees, Safeguarding, Youth and Children's work in the parish, the Mission Committee and the Business Forum keeping up to date with what is happening across the parish. The appointment of officers for each Sub-committee were approved. The Standing Committee did not meet in 2024. Safeguarding Our parish safeguarding strategy is aligned to the five Safeguarding Standards set by the National Safeguarding Team and adhered to by the diocese of Salisbury:. Culture, Leadership and Capacity - Prevention - Recognising, Assessing and Managing Risk - Victims and Survivors - Learning, Supervision and Support. In November the parish took part in National Safeguarding Sunday. As part of this, all church members, and visitors in church on that day, were invited to complete a safeguarding survey. This gave an indication of what progress is being made to establish & embed the culture of safeguarding across the parish. The results were very encouraging, apart from a very small number of questions raised that showed that there is still some work to be done. The Safeguarding Dashboard continues to inform our compliance, and the introduction of the Safeguarding Hubs is expected to simplify parish record keeping in the long term. However, since the minimum requirements for volunteer training and record checking have been raised there are additional demands on the PSOS time, hopefully in the short terms. All three PSOS have delivered face to face sessions for those who prefer this although these numbers are quite small. Most volunteers are now using the national church learning portal online training. We continue to have excellent levels of training with 92Yo compliance. Last year the PCC adopted the National Church's recommended policy statement on Online Safety & Social Media, and our local policy document. The Parish guidelines have also been adopted and reviewed. Once again, we record our thanks to the diocesan safeguarding team and everyone in the parish who continue to support our efforts to create welcoming and safe environments and offer professional & caring support when expressions of concern are raised. We aim to continue to be a place where any concerns can be raised and are responded to openly, promptly and consistently. We are pleased to be able to report that the PCC has complied with the duty to have "due regard" to the House of Bishops, Safeguarding Policy and Good Practice Guidance. Jane Hazell, Barbara Jaggs & Judi Hatchard Parish Safeguarding Officers Page 4
ANNUAL REPORT continued Parish Church Wow, where did that year go! Seriously though, time does fly when you're having fun and these past 12months have been filled with much joy, there has been a strong sense that the Lord is preparing us and leading us toward a new experience of his love and power, many prophecies have been shared around this. Holy Spirit has drawn us all closer and helped us to talk more openly and freely about things that can so easily divide us, we've become far more acceptant of our differences and so friendships have flourished and walls have come down. We truly are feeling more like family. So many highlights this year, many that have come through our young people especially those who now regularly attend our new Youth group 'Refuge' which has been run by Jenny and the team. five of the young people deciding to be baptised in the river back in August. Such a wonderful occasion with brave and powerful testimonies shared, alongside a sermon series that explored how various bible characters were lead to be baptised, and also a little girl baptised in the font on week I with the visiting family searching the church for a little lost sheep. Harvest saw B@9 host our 10:30am service with a fun yet moving drama about Ruth and Naomi, and an informative talk from International Care Network who assist Asylum Seekers in Bournemouth, we finished with a Harvest lunch together. We have continued with our system of following the same sermon series at 10:30am and B@9 which has helped lift the teaching to a deeper level at B@9. Summertime saw an impromptu evening in the Rectory garden and the opening of 'The Vicars Tipple, bar in our Wild Church area, lots turned up at just a few hours notice. Our six week 'Whole Life Stewardship, series enabled us all to look better at how we steward all sorts of areas of our lives, those things that God gives us to care for and of course, what would be a stewardship drive without looking at finances? Our church finances needed a boost and our regular giving needed some attention, the whole life teaching and the encouragement to seek God in all areas helped people to trust and to feel able to be more generous with the blessings we all receive. Our series ended with a daytime Summer fete and a wonderful 'Cheese and Wine, evening with live music and dancing, Our local community were invited along and many came, a lot of hard work shared among many, a true highlight this year. The ladies have had a great year, meeting regularly for lunches at Haskins together on a Monday. This has really helped with those who often find themselves eating alone, it has forged stronger friendships and they have welcomed onlookers to come and join them. Even my mother goes along each time and has made friendships which mean she now also attends the wonderful Crafty Creations which meets in the CMC each month. Safeguarding Sunday was a wonderful opportunity to highlight the good work done by our PSO'S and the importance of every church member recognising how we are all responsible for keeping our churches safe and helping them to be places where all people can flourish. The service helped to lift the profile of safeguarding and helped everybody to approach it in a far more positive manner. We do of course have the responsibility at the Parish Church of caring for an ancient building, also the upkeep of the Parish churchyard so that those using the grounds and the building can do so safely and enjoyably. Our groundsman visits weekly and helps to keep the grounds/graves mown, the leaves blown, and the plant life pruned back. This year we had large tree down in a storm and another huge tree that required major work, all hugely expensive. This summer saw the installation of a handrail from the CMC down to the church and also two handrails up the steps to the churchyard, a huge thanks to lain Stephenson our churchwarden and David Grant during the interregnum who have helped bring this project to completion and of course to Archway Wrought Iron for their hard work. Faculties mean that anything we want to do at the Parish church can take ages and lan has been looking into the possibility of an internal staircase to our organ loft/sound desk. Page 5
ANNUAL REPORT continued This faculty procedure has been particularly onerous and is ongoing. We also had an inspettion/survey of all our stained glass which has, after some concern, been given a clean bill of health. Quinquennial repairs are ongoing with tiles being replaced around the church roof elevations. Each year 'Ride and Stride, helps to raise funds for Dorset Historic Churches Trust and a bunch of us took part this year, we have of course benefitted from this trust in previous years. The congregation have come together on four different occasions to give different areas of our church buildings a good clear-out. As always this can be hard work but also a great time of blessing as we work together as stewards of what God has given us. Once again a huge thank you to churchwardens lain & Nicky and all those who gave their time and energy. Our wonderful team of Bellringers won 1st prize in a major competition this year and shared that news with us one Sunday morning, It was lovely to see them all proudly kitted out in their new uniforms. So many other blessings with life groups flourishing, with the need for another to be formed, appeals for volunteers have been successful with new folk being welcomed into areas of serving. We have of course also had to say our goodbyes to many loved ones thi5 year who have gone to be with their Lord and Saviour and we give thanks to them for all that they were to Us. We've journeyed alongside Sharon Cooksley who fell ill last year and has now gone to glory. As a church we helped Sharon to enjoy her retirement with a celebration in the sun in their garden and at Christmas we came togetherto sing carols and enjoyed mince pies and mulled wine served up by the family. Her husband Ken and family are in our prayers as they come to terms with such loss. A huge thanks to the wonderful work that our pastoral care team undertake. We look forward to Easter, to the power of the resurrection story, to all that together we will learn and share over Lent and take forward into 2025. Revd Matt Smith. Canford Parish Church. St Barnabas Report 'We believe in God the Father almighty, creator of heaven and earth. We believe in Jesus Christ. his only Son,......We believe in the Holy Spirit... We say these words in the Apostles Creed, which was the basis of one of our sermon series this year during which we strengthened the foundations of our faith. l am so grateful that the creator of heaven and earth is living and active amongst us at St Barnabas and at work in the community of Bearwood, where our focus remains on engaging with the residence around us, sharing the good news of Jesus Christ. Community Youth Club'The Bridge'_ St Barnabas hosts the only youth support provision in the local area and it is great to report that it continues to be well supported. The club meets on Friday evenings during term time and is open to 11 to 16 year olds. The club has gone from strength to strength over the last few years now hosting two sessions with a regular attendance of between 20-30 young people (in contrast to 4-6 in 2022). The leadership have a programme for training 'young leaders, giving the opportunity for the teenagers to take on responsibility and develop leadership skills. The club has also taken a small group of young people to'satellites, a Christian summer camp and it appears that in 2025 this may include a number of young people exploring faith for the first time. Exciting news as of the time of writing is that BCP have approved a grant of £2,400 for the work of the club. Children and Families Work - A particular focus at present is building relationships with local families and the primary school and in 2023 we recruited a 'Pioneer Children and Families Worker, to lead this work. Page 6
ANNUAL REPORT continued Our connections are strengthening all the time and we are now routinely hosting assemblies supported by the newly formed 'Open The Book, team, and providing reading support. The school is visiting St Barnabas for seasonal assembles, Experience Easter, and plays a central part in our Community Carol Service, by providing a children's choir. In the autumn we launched a monthly 'Café Church,, which aims to be a more creative and interactive service easily accessible to those exploring faith and new to church. This has gone from strength to strength creating both a new, and for some challenging, format for members of the church to worship, as well as attracting visitors and new people. We are encouraged and plan to continue this new format throughout 2025. Our Children and Families Worker has recently expanded our weekly toddlers group 'Seedlings' to two sessions and launched a baby group 'Roots and Shoots, not only providing support to parents and carers but opportunities to talk about faith. During holidays we are now hosting holiday events, drop ins, and movie afternoons. Ministry and Mission- In June 2024 St Barnabas hosted a month of prayer and fasting which included a Sunday evening 'Encounter' service; an open and free space to engage with the Lord. Subsequently we've continued this on a monthly basis and it has become a welcome space providing stillness and peace in a noisy world. Other activities this year have included Hope Explored, Christianity Explored and the Parish Pre-marriage Course. Life Groups continue to meet weekly with one new group starting during the year. Our teaching over the year has included a study on the Apostles Creed, Prayer, and series entitled 'Anchor to My Soul, (Book of Hebrews) and 'Signs of Glory, (St John's Gospel). Our teaching over the year has included a study on the Apostles Creed, Prayer, and series entitled 'Anchor to My Soul, {Book of Hebrews) and 'Signs of Glory, (St John's Gospel). As mentioned earlier being present in the community is a priority and it was great to host the 'Bearwood Village Fete, in partnership with the Community Centre for the second year running. The aim of the event IS to bring both residents and community groups together which we hope will be a blessing for all, and there are plans to develop and grow this event in 2025. Other monthly events to connect with the community include;'Golden Classic, film club, Craft group and a Ladies lunch. At the time of writing St Barnabas has embarked on a process of reviewing our vision and mission, and our values and behaviours, a process we anticipate completing in the autumn Staff - There has been a significant change in key roles during the year with the appointment of two new church wardens and a new treasurer, as well as recruiting a new church administrator. St Barnabas is so grateful to the faithful service of all those who stepped down from their roles and for all they did to impact and support the ministry of the church. The Children and Families Worker was on maternity leave between June and November meaning some scaling back in that area of ministry and outreach, but I'm very grateful to the volunteers who filled in during that time to maintain the core activities such as the toddlers group. Mission Partners - We undertook a review of both the whole parish mission partners and also the processes by which we manage those partners. The parish categories mission partners A and B. Cat A partners are supported by all three churches whilst Cat B are those partners supported by specific churches. A number of changes were proposed and accepted by the PCC including; a) the formation of the Parish Mission Group (clergy and church mission representatives) who would oversee the Cat A partners. b) the decision to discontinue with the role of Parish Mission Treasurer and to delegate the distribution of mission giving to the individual church treasurers, which should provide greater transparency and ability to manage each church's mission giving. Finances - l am so grateful to the generous and faithful giving at St Barnabas over the last year. I want to recognise that though our membership in recent years has dropped our core levels of financial giving has remained relatively stable, and I thank God for his faithfulness to us for that. However expenditure has increased, primarily as a result of the increase in core expenditure (Fairer share, utilities, pay rises etc) and Page 7
ANNUAL REPORT continued St Barnabas recorded a budget deficit of around £23,000 in 2024. This was anticipated, but is clearly not sustainable, and with faith and guidance from God we will work to overcome this deficit. St Barnabas has been awarded two grants totalling £17,500 per year for three years in support of our new staff position of the Children and Families Worker, for which we are very grateful. The grant funders being; Joseph Rank Trust and Aldhelm Mission Fund. Finally to Say a huge thank you for all those you serve so faithfully the ministry and mission of St Barnabas and in the wider parish. 'We believe in.. the holy catholic Church, the communion of saints, the forgiveness of sins, the resurrection of the body, and the life everlasting. Amen, Revd. Peter Myres The Lantern Report Vision: A family of God sharing his heart to reach the lost, grow the found and transform our communities. "Awake, my soul! Awake, harp and lyrel I will awaken the dawn. I will praise you, Lord, among the nation5,'1 will sing of you among the peoples. For great is your love, reaching to the heavens; your faithfulness reaches to the skies., (Psalm 57.8-10, NIV) There are so many things to thank God for, it's impossible to include everything and one doesn't really know where to start... Following on from and amazing Alpha in Autumn 2023, in 2024 we continue to see more people come to faith in Jesus than I've known since taking up the role of vicar. Alpha continues to bear fruit with new disciples of Jesus, most then settling into the wider life of the church and our midweek discipleship groups. We've also seen numerous children in ourY5-6 Bible study and in our youth ministry make faith commitments. And God seems to be sending us more and more people exploring faith or those who he has recently, miraculously encountered in some other way, leading them to us to take up the baton of early apprenticeship to Jesus! Joe and Omid, two young adults in that category were baptised in the sea (in Decemberl) and faith is spreading through Joe's wider family now. Praise God ! This feels like a growing wave, a building momentum, and perhaps the fruit of a growing emphasis on prayer and fasting in the life of our church? We certainly continue to feel called to grow in prayer, to 'put up the sails, and be even more dependent and led by the Holy Spirit, to open ourselves to the new things God is doing and calling us into. In 2026 we will celebrate 50 years of the Lantern opening its doors, and we sense God may use the next year or so to 'reset and re-envision, us in our mission here. Pray for our hunger for, and love for Jesus to keep growing and his Spirit to lead us into all he is calling us into next. It is a joy to see the church family ministering to each other in all sorts of ways, week by week and to see our youth ministry and families ministries continue to flourish. l am so grateful to the small army of volunteers who serve on those teams every week- priceless. We also rejoice in God's provision for Skittles, our detached youth missioner (funded largely externally) who has seen real favour in the last year in five local schools he works in. He gets alongside struggling young people through chaplaincy, supports Cus and Bible Studies, does assemblies, helps at the Streetlight project in Wimborne and more. We are so grateful he is part of the family here. And we have a fledgling cohort of TLGI mentors helping at St Michael's, Colehill too. At the other end of the age spectrum(l) it is just wonderful to see Mixed Blessings continuing to bringfriendship and faith to many of the seniors in our parish. And the work of the Shine Network supporting our local mission to that demographic too, with more than 30 non-church goers engaging with the gospel through the Famous Lives course Tony and Roz Hanson have pioneered. Page 8
ANNUAL REPORT continued Another highlight of the year was a team going out from the Lantern to visit one of our newest mission partners, Red tribe in Kenya. A team of 10 flew out to the remote part of Maasai land to see the amazing holistic Christian ministry going on there. Everyone who went 'caught the vision, and we look forward to growing our relationship with Red tribe even more in the coming years. Another thing to be particularly grateful for in the last year is the response to our stewardship appeal in November 2024 with regular giving up considerably and some amazingly generous one-off gifts as well. This puts us on a more stable footing, and will enable vision to become reality in the coming years. I rejoice in bein8 part of this church family and our exceptional staff team and sub committee- special mention to my wardens Bex, and the wonderful Peter Owen who became my new warden this year, I couldn't do it without you land wouldn't want to)1 Revd. Mike Tufnell The Lantern Church Mission Report Our three churches continue to tithe their income and provide additional offerings to support mission work locally, nationally and internationally. Last year £65,285.82 was distributed to mission organisation and individuals. Center OAZA Serbia received £4891.26 in 2024. There were also extra gifts to Mission4Water, Myra Wells and Child of Hope. Tithing by the three churches amounted to £61,607.79. Sharon Ramond Mission Treasurer Business Forum: The Business Forum (BF) meets to discuss non-ministerial governance of the PCC, in order to brin8 informed proposals and recommendations to the PCC for discussion and approval. It comprises a Pcc-approved chair and secretary, the Parish Treasurer and the individual church treasurers, along with Safeguarding and H&S representation, and a warden from each church. The parish clergy attend plus additional representation, as required. The BF met throughout 2024 (5 meetings in total), generally a few weeks in advance of PCC meetings. The meetings continue to be conducted using Zoom (except for the first meeting following the APCM}. and have reviewed the ongoing and emerging business activities of the church. A unique situation arose in 2024 in that there was a complete turnover of treasurer personnel. Huge gratitude is owed to the outgoing Parish treasurer and all three church treasurers for the outstanding work they have done over many years, but also for the preparation and training of those who have replaced them. The new treasurers have settled in admirably and are working together as team to manage the church finances. Parish finances are presented to the BF and reviewed in advance of being reported to the PCC. The treasurers, along with the sub-committees, met the deadlines set out in a schedule to deliver the 2025 budget to the PCC for approval before 2024 year-end. In an increasingly volatile financial environment, great care and much prayer was invested in 2025 budget preparation. Elements of the Canford staff T's & C's were reviewed during the year with recommendations for update forwarded to the PCC for approval. Health and Safety is a regular agenda item for the BF and has provided a platform for parish-wide and individual church issues to be raised. Lessons from experience can be reviewed and the outcomes cascaded appropriately to the individual church H&S reps. Safeguarding is also a regular agenda item, with the safeguarding input to PCC being presented, in advance, to the BF. Safeguarding is reported in greater detail elsewhere in this report. Chair- David Wells Page 9
ANNUAL REPORT continued Parish Finance Parish finances are presented to the BF and reviewed in advance of being reported to the PCC. The three church treasurers and the team treasurer are all members of the BF and fully support each other to oversee the financial performance of the parish. The treasurers and sub-committees responded well to meet the deadlines for preparation and approval, by the PCC, of the 2025 budget. Health and Safety {H&S) H&S is a regular agenda item for the Business Forum and has provided a platform for parish-wide and individual church issues to be raised. Lessons from experience can be reviewed and the outcomes cascaded appropriately to the individual church H&S reps. Team Rector's Report Each year I become more grateful for the partnership in ministry of colleagues who faithfully proclaim the gospel in their communities, care for the people God sends them, and pioneer new ventures with such faith and creativity. Matt and Lisa are boundless in their creativity and care, whether around a campfire in their garden, or at the local care home. Peter and Emma at St Barnabas are seeing increased fruit from their step of faith in appointing Hannah Tarring last year, with new mid-week groups sprouting up and on a recent Sunday visit it was delight to see the growth in young people in the congregation. And at the Lantern too, every Sunday it seems God is sending us people he has recently 'found' and those who are hungry for God, but haven't necessarily learnt that Jesus is the answer to their searching. However, for all the wonderful work of clergy and our amazing staff teams, this year l am particularly reminded of and inspired by the tireless partnership in ministry of the wider church family in our parish. Did you know that the Church is the largest volunteer organisation in the country? We have more than 300 volunteers who need DBS and safeguarding training- a testament to the servant-hearted people in our parish, but also of course to our amazing safeguarding team. And in a year of national turbulence in the Church of England - particularly around safeguarding- I have never been more grateful to the safeguarding team in our parish, and our first 'Safeguarding Sunday, was another way we seek to keep that a high priority in our shared ministry. Whether you serve coffee, or children, lead discipleship groups or are part of youth or pastoral care teams, occasionally preach, stack chairs, or simply pray and contribute financially, you are ALL indispensable parts of what God is doing amongst us. Thank you. This year I feel my report should also pay tribute to the wonderful Sharon Cooksley who has now been 'promoted to glory,. Sharon leaves an incredible legacy of love and faith in our parish, not just at the Parish Church. She was of course a pioneer of Breakfast@9, alongside Chris Tebbutt, our former Team Rector. Her inspirational work amongst families, in local schoo15, her endless creativity and deep love for children leave an indelible mark. We thank God for her and continue to pray for Ken and their children as they grieve. And whilst there are of course several others who have died this year, loved and remembered, I think also of Sally Hall and David Staniland at the Lantern, and the late Tina Bloom from St Barnabas, a founding visionary for Mixed Blessings, which continues to flourish many year5 later. I'm also of course grateful for our Church Wardens, Sub Committees, PCC, Business Forum, our outstanding (growing} Lantern Preschool team, and many others. And my fellow clergy and I are particularly grateful to the completely new finance team we have in the parish, a new parish treasurer and new treasurers for each of our individual churches- and to our former finance team for so responsibly and carefully handing on the reins. Page 10
ANNUAL REPORT continued As I close may l urge all of us once again to devote ourselves, as disciples of Jesus, to our local fellowship of believers, to not give up meeting together, supporting our leaders, playing our part, sharing in all the riches of God's grace and holding firm to the deposit we have received in Word and Spirit as we build one another up in the love of Christ. "In the presence of God and of Christ Jesus, who will judge the living and the dead, and in view of his appearing and his kingdom, I give you this charge: Preach the word; be prepared in season and out of season; correct, rebuke and encourage - with great patience and careful instruction. For the time will come when people will not put up with sound doctrine. Instead, to suit their own desires, they will gather around them a great number of teachers to say what their itching ears want to hear. They will turn their ears away from the truth and turn aside to myths. But you, keep your head in all situations, endure hardship, do the work of an evangelist, discharge all the duties of your ministry." 12 Timothy 4.1-5, NIV} Revd. Mike Tufnell Team Rector Church Workers Pension Fund (CWPF) The Parish of Canford Magna PCC partTcipates in the Pension Builder Scheme section of CWPF for lay staff. CWPF is administered by the Church of England Pensions Board, which holds the CWPF assets separately from those of the Employer and other partTcipating employers. CWPF has two sections: l. the Defined Benefits Scheme the Pension Builder Scheme, which has two subsections; a deferred annuity section known as Pension Builder Classic, and, a cash balance section known as Pension Builder 2014. Pension Builder Scheme Both sections of the Pension Builder Scheme are classed as defined benefit schemes. Pension Builder 2014 is a cash balance scheme that provides a lump sum which members use to provide benefits at retirement. Pension contributions are recorded in an account for each member. Discretionary bonuses may be added before retirement, depending on investment returns and other factors. The account, plus any bonuses declared is payable, unreduced, from age 65. There is no sub-division of assets between employers in each section of the Pension Builder Scheme. The scheme is considered to be a multi-employer scheme as described in Section 28 of FRS 102. This is because it is not possible to attribute the Pension Builder Scheme's assets and liabilities to specific employers and means that contributions are accounted for a5 if the Scheme were a defined contribution scheme. The pensions costs charged to the SOFA in the year are the contributions payable {2024: £11,731, 2023: £10,813). A valuation of the Pension Builder Scheme is carried out once every three years. The most recent valuation was carried out as at 31 December 2022. Page 11
For the Pension Builder 2014 section, the valuation revealed a surplus of £8.5m on the ongoing assumptions used. There is no requirement for deficit payments at the current time. The next valuation is due as at 31 December 2025. The legal structure of the scheme is such that if another employer fails, The Parish of Canford Magna PCC could become responsible for paying a share of the failed employer's pension liabilities Public Benefit, Objectives and Activities The PCC has given due regard to public benefit when planning the church's activities, in accordance with section G2 and G3 of the Charity Commissions, General guidance on Public Benefit (January 2008). The paragraphs above and below set out the PCCS activities, achievements and performance during the year, which are directly related to the objects and purposes for which the church exists. The church achieves its principal objects and purposes through: High quality public worship, both traditional and contemporary Pastoral care and support of those in need Promotion of Christian Aid, mission agencies and other charitable causes. These benefits are directly related to the aims of the church and are fully compliant with Principles l and 2 of the Charity Commission Principles on Public Benefit. Financial Review 2024 Canford Magna Churches showed a surplus of £34,556 (2023 . £30,051) on normal day to day income and expenditure, with a surplus overall of £38,902 once restricted income and expenditure is taken into account. A summary of restricted funds is given in note 9(a) to the accounts. Unrestricted Funds Total receipts on ordinary unrestricted funds were £821,415 and the details of these are set out in the Financial Statements. £786,954 was spent on church activities. This amount includes the contribution to the Diocesan parish share of £264,279 which largely provides the stipends and housing forthe clergy. The net result for the year on unrestricted funds was a surplus of £34,556. Giving a closing balance of £963,438 of unrestricted funds. Restricted Funds Receipts of £38,849 were received in the year and £34,408 was spent. The net surplus for the year for restricted funds was a deficit of payments over receipts of £4,346, giving a balance carried forward of restricted funds of £854,408. Page 12
ANNUAL REPORT continued Reserves Policy It is PCC policy to maintain a balance of readily available unrestricted funds which equates to approximately three months unrestricted payments to cover emergency situations that may arise from time to time. The balance of £346,410 of unrestricted current assets at the year ended 31 December 2024 more than covers this target. Approved by the Trustees and signed on their behalf by I W (LFcicYL Date Page 13
ANNUAL REPORT continued STATEMENT OF PAROCHIAL CHURCH COUNCIL S RESPONSIBILITIES Charity law requires the Council to prepare financial statements for each financial year, which give a true and fair view of the state of affairs of the charity and of its financial attivities for that period and adequately distinguish any material special trust or other restricted fund of the charity. In preparing those financial statements the trustees are required to: a) Select suitable accounting policies and then apply them consistently; b) Make judgements and estimates that are reasonable and prudent; c) State whether the policies adopted are in accordance with the appropriate SORP on Accounting by Charities and the Accounting Regulations and with applicable accounting standards, subject to any material departures disclosed and explained in the financial statements; and d) Prepare the financial statements on the going concern basis unless it is inappropriate to assume that the charity will continue. The Council is responsible for keeping proper accounting records which disclose, with reasonable accuracy at the time, the financial position of the charity, and enable them to ensure that the financial statements comply with applicable Accounting Standards and Statements of Recommended PractTce and the regulations made under S44 of the Charities Act 1993. They are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud or other irregularities. Page 14
PAROCHIALCHURCH COUNCILOF CANFORD MAGNACHURCHES, DORSET INDEPENDETr AUDOR's REPORTTOTHE MEMBERS OFTHE PCC OF CANFORD MAGNACHURCHES S report on the financial statements of the Parochial Church Council of Canford Magna for the year ended 31 December 2024. which are set out on pages I to 28. Respective responsibilities The charity's trustees are responsible for the preparation of the accounts. The charivs trustees considerthat an audit is not required for this year under sertion 144 of the Charities Act 2011 Ithe Charities Act) and that an independent examination is needed. It is my responsibility to: examine the accounts under section 145 of the Charities Act, to follow the procedures laid down in the general Directions given by the Charity Commission (under section 14515llbl of the Charities Act. and to state whether particular matters have come to my attention. Basis of independent exarninerfs report My examination was carried out in accordance with the General Directions given by the Charity Commissioners. An examination includes a review of the accounting records kept by the charity and a comparison of the accounts presented with those records. It also includes consideration of any unusual items or disclosures in the financial statements. and seeking explanations from the trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit, and consequently no opinion is given as to whether the accounts present a "true and fairf view and the report is limited to those matters set out in the statement below. Independent examinerfs statement In connection with my examination, no matter has come to my attention, which gives me reasonable cause to believe that in, any material respect, the requirements to keep accounting records in accordance with section 130 of the Charitie5 Art; and to prepare accounts which accord with the accounting records and comply with the accounting requirements of the Charities Act 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. Date: C J Fairhall FCCA Newton Magnus Chartered Certified Accountants Arrowsmith Court Station Approach Broadstone Dorset BH18 8AT page 15
PAROCHIAL CHURCH COUNCIL OF CANFORD MAGNA CHURCHES. DORS STATEMENT OF FINANCIAL AcfiviTIES For the year ended 31 December 2024 Note Unrestrirted Funds Restricted Funds Total Funds 2023 2023 Incoming resources Donations Other voluntary incoming resources Church activities 21al 581,408 1,720 583,128 552,892 21bl 114,180 26,840 141,020 144,625 21c) 113,059 1,972 115,031 84,266 Other incoming resources 2ld) 12,529 8,317 20,846 17,814 Investment income Total incoming resources 21el 239 821,415 239 860,264 375 799,972 38,849 Resources used Charitable activities 31al 80,325 5,619 85,944 78,169 Chu rch activities 31bl 706,629 28,789 735,418 713,406 Total resources used 786,954 34,408 821,362 791.575 Net incoming/{outgoing) resources 34,461 4,441 38,902 8,397 Transfers 95 1951 Net movement in funds 34,556 4,346 38,902 8,397 Balance brought forward At l January 2024 Balance5 carried forward At 31 December 2024 928 882 850 062 1778 944 1770 547 963,438 854,408 1,817,846 1,778,944 page 16
PAROCHIAL CHURCH COUNCIL OF CANFORD MAGNA CHURCHES, DORSET BALANCE SHEET As at 31 December 2024 Note 2024 2023 Fixed assets Tangible fixed assets 1,481,034 1,481,034 1,503,595 1,503,595 Current assets Debtors Cash at bank and in hand 37,376 40,806 389,397 328,573 426,773 369,379 Liabilities: Amounts falling due within one year 189,9611 194,030) Net current assets 336,812 275,349 Net assets 1817 846 1778 944 Funds Unrestricted Restricted 963,438 854,408 1817 846 928,882 850,062 1778 944 Approved by the Parochial Church Council on and signed on its behalf by: Revd Mike Tufnell Chairman Member The notes on page5 19 to 28 form part of these accounts page 17
PAROCHIAL CHURCH COUNCIL OF CANFORD MAGNA CHURCHES, DORsFr Cash Flow Statement for the year ended 31 December 2024 2024 2023 Net cashflow from operating activities 61,995 94,410 Cash flows from investing activities Interest Purchase of fixed assets 239 375 Net Cash provided/(used inl investing activities 11,171) {25.058) Change in cash and cash equivalents in the reporting period 60,824 69,352 Cash and cash equivalents at l January 2023 Cash and cash equivalents at 31 December 2023 328,573 259,221 389 397 328 573 Net income before investment gains Adjustments Depreciation charges Interest Decrease/lincreasel in debtors {Decrease)/increase in creditors 38,902 8,397 23,971 1239) 3,430 36,408 13751 116,446) Analysis of cash and cash equivalents Cash in hand and at bank 389 397 328 573 page 18
PAROCbtlAL CHURCH COUNCIL OF CANFORD MAGNA CHURCHES. DORS NOTES TO THE FINANCIAL STATEMENTS For the year ended 31 December 2024 Accounting policies The PCC is a public benefit entity within the meaning of FRS102. The financial statements have been prepared under the Charities Act 2011 and in accordance with the Church Account Regulations governing the individual accounts of PCCS, and with the Regulations true and fair vie, provisions, together with FRS102 as the applicable accounting standards and of the Statement of Recommended Practice: Accounting and Reporting by Charities {SORP 2019{FRS1021). The accounts are shown in pounds sterling. These accounts have been prepared on a going concern basis as there is no material uncertainties about the ability to continue. Funds General funds represent the funds of the PCC that are not subject to any restrictions regarding their use and are available for application on the general purposes of the PCC. Funds designated for a particular purpose by the PCC are also unrestricted. Restricted funds represent monies put aside for building works. The accounts include all transactions, assets and liabilities for which the PCC is responsible in law. They do not include the accounts for church groups that owe their main affiliation to another body nor those that are informal gatherings of Church members. Incoming resources- Voluntary income and capital sources Collections are recognised when received by or on behalf of the PCC. Planned RivinR receivable under covenant is recoRnised onlv when received. Income tax recoverable on covenants or gift aid donations is recognised when the income is recognised. Grants and legacies to the PCC are accounted for as soon as the PCC is notified of its legal entitlement and the amount due. Funds raised by conferences and similar events are accounted for gross. Sales of books and magazines from the church bookstall are accounted for gross. Other ordinary income Rental income from the letting of church premises is recognised when the rental is due. page 19
PAROCHIAL CHURCH COUNCIL OF CANFORD MAGNA CHURCHES, DORS NOTES TO THE FINANCIAL STATEMENTS continued For the year ended 31 December 2024 Income from investments Dividends and interest are accounted for when receivable. Tax recoverable on such income is recognised in the same accounting year. Gains and losses on investment5 Realised gains or losses are recognised when investments are sold. Unrealised gains or losses are accounted for on revaluation of investments at 31 December. Resource5 used Grants and donations are accounted for when paid over, or when awarded, if that award creates a binding obligation on the PCC. All expenses including the diocesan quota or parish share are accounted for when due. Fixed assets- Consecrated land and buildings and movable church furnishings Consecrated and beneficed property is excluded from the accounts by s9612)lal of the Charities Act 1993. Costs relating to the refurbishments have been included in the accounts and are being written off over 10 years on a straight line basis with no depreciation charge until works are completed. Movable church furnishings held by the churchwardens on special trust for the PCC, and which require a facility for disposal, are accounted as inalienable property unless consecrated. They are listed in the church's inventory which can be inspected at any reasonable time. For such inalienable property acquired prior to 2005, there is insufficient cost information available and therefore such assets are not valued in the accounts. Items acquired since January 2005 are capitalised and depreciated in the accounts over their currently anticipated useful economic life on a straight line basis. All expenditure incurred during the year on consecrated or beneficed buildings, or on the repair of movable church furnishings acquired before January 2005, is written off. Other un-consecrated propertie5 are included at cost. They are considered to be essential to the life of the charity and are maintained to a high standard of repair. They are subject to a depreciation charge of 1%. page 20
PAROCHIAL CHURCH COUNCILOF CANFORD MAGNA CHURCHES. DORSEr NOTES TO THE FINANCIAL STATEMENTS continued For the year ended 31 December 2024 Other fixtures, ffttings and office equipment Equipment used within the church premises is depreciated on a straight line basis over 10 years or less. Electronic equipment is depreciated on a straight line basis over 3 years. Current assets Amounts owing to the PCC at 31 December 2024 in respect of fees, rents or other income are shown as debtors. Short-term deposits include cash held on deposit either with the CBF Church of England Funds or at a bank. Creditors Amounts owed by the PCC as 31 December 2024 are shown as creditors Gifts in kind Any gifts in kind received over the value of £500 will be shown as a note to the accounts. pa8e 21
PAROCHIALCHURCH COUNCILOF CANFORD MAGNA CHURCHES. DORswr NOTES TO THE FINANaAL STATEMENTS continued For the year ended 31 December 2024 Incoming resources Unrestricted Restrfrted Total Funds Fund5 2024 UnstrIrted Funds Restrirted Total Funds Funds 2023 21al Funds Donations Planned giving Income tax recoverable Collections 441,869 121,064 15,957 2,518 581.408 1,720 443,589 121,064 15,957 2,518 583,128 422,240 101,581 14,961 14,110 552,892 422,240 101,581 14,961 14,110 552,892 Sundry donations 1,720 21bl Other voluntary incoming resources Mission fund Donations Grants 75,255 75,255 65,514 13,505 26,889 37,216 826 66,340 13,505 26,889 37,216 30,194 1,000 30,194 3,000 24,840 1,973 918 141,020 Le8a¢ies and bequests Family and childrens worker Love fund Other 2,000 24,840 1.973 918 675 675 114,180 26,840 143,798 826 21cl 144,625 Church activites Events Lettings Pre-school Fees 7,190 12,744 80,509 12,616 113,059 1,972 9.162 12,744 80,509 12,616 115,031 13,804 11,165 53,023 6,274 84,266 13.804 11,165 53,023 6,274 84,266 1,972 21dl Other incoming resources Bell fund Chvrch building and roof Church AV Youth 370 370 389 499 389 499 1,523 1,523 8,5( 8,500 8,426 17,814 12,529 12,529 6,424 8,317 18,953 20,846 8,426 8,426 9,388 21el Investment income Dividends and interest including any reclaimed tax 239 239 375 375 239 239 375 375 799,973 Total incorning resources 821,415 38.849 860,264 789.758 10.214 page 22
PAROCHIAL CHURCH COUNCILOF C4NFORD MAGNA CHURCHES. DORsEr NOTES TO THE FINANCIAL STATEMENTS continued For the year ended 31 Decernber 2024 Resource5 Used Unre5trirted Funds Restrirted Totsl Funds Fund5 2024 Unre5trirted Funds Restricted Total Funds Funds 20Z3 31al Missionary and charitable giving lsee note 3d) Mission fund Societies and agencies Indwiduals 65.285 13,730 1.310 65,285 13,730 1,310 5,619 49,277 6,872 9,369 11,825 826 50,103 6,872 9,369 11,825 Romania 5,619 80,325 5,619 85,944 77,343 826 78,169 31bl Church activities Ministry: Diocesan sha Clergy/verger expenses Outreach Otherwages Church building5: Cleaning Heat, light and water Repairs Insurance Ground5 Legal fees Depreciation Services and events: Altar supplies Catering Flowers Music 264,279 3,068 2,870 19,228 264,279 3,068 2,870 19,228 244,703 1,765 6,442 17,261 244,703 1,765 6,442 17,261 15.624 32.565 18,511 9,704 9,797 6,500 15,227 15,624 32,565 19,161 9,704 9,797 6,5CN) 17,862 14,935 37,831 28,154 8,634 5,180 14,935 37,831 37,172 8,634 5,180 650 9,018 2,635 8.002 17,829 25,831 264 264 5,884 321 6,177 1,973 3,740 178 178 5,884 321 4,184 325 5,536 4,184 325 5,989 1,973 3,740 188 5,536 Love fund Events 12.366 12,366 Children5'5* youth and families work Salaries Honorarium Programme Preschool Salaries Instjrance 93,168 3,000 21,071 24,840 118,008 3,CN)O 21,071 106,308 106,308 20,710 20,710 55,938 1.194 1,623 591,538 55,938 1.194 1.623 619,851 45,097 229 45,097 229 1,515 596,202 Consumables Carried Foward 1,515 569,355 28,313 26,847 Pa8e 23
PAROCHIAL CHURCH COUNCILOF fANFORD MAGNA CHURCHES. DORS Notes to the Financial Statements {continuedl For the year ended 31 December 2024 Unrestricted Restrfrted Total Funds Unrestricted Restrirted Totsl Fund5 Funds Fund5 2024 Fund5 Fund5 2023 31bl continued Brought forward Repairs Outings Sundries Training Depreciation Magazines, books, tapes 591,538 3,606 378 704 28,313 619,851 3,606 378 704 569,355 1,437 249 26,847 596,202 1,437 249 83 83 403 403 316 316 4,188 4,188 233 98 98 233 596,727 28,313 625,040 571,673 31,035 602.708 31cl Governance costs Ol¢e salaries Computer Postage and stationery Photocopying costs Telephone Training Depreciation of equipment Bank charges Sundry Accountancy and bookkeeping 74,099 5,822 646 6,002 2,420 6,002 6.110 816 74,099 5,822 646 73,450 4,312 779 5,945 2,380 5,663 6,389 1,935 6,013 3,515 73,450 4,312 779 5,945 2,380 5,663 6,389 1,935 6,020 3,515 6,002 2,420 6,002 6,110 816 5,509 2,476 476 5,985 2,476 109,902 476 110,378 110,381 110,388 Total resources used 786,954 34,408 821,362 759.397 31,868 791,266 page 24
PAROCHIAL CHURCH COUNCIL OF CANFORD MAGNA CHURCHE5. DORS NOTES TO THE FINANaAL STATEMENTS tontinued For the year ended 31 December 2024 stsff costs 2024 2023 Wages and salaries Social security Costs Employers pension contributions 254,864 8,810 11,731 275.405 228,359 6,424 10,813 245,596 Average monthly number of employees 2612023- 261. During the year the PCC employed a worship leader, a creative and discipleship pastor, two youth workers, children's and family team leader, office staff, church cleaners and preschool leaders. No employee had emoluments in excess of £60.000. Trustees remuneration No member received any expenses or MUneration, other than as clergy expenses shown in the detailed note5. Fixed Assets for use by the PCC Freehold land & buildings improve'5 Fixtures and fittings Total Tangible fixed assets Gross book value At lJanuary2024 Additions At 31 December 2024 1.442.229 539,963 1,410 541,373 1,982,192 1,410 1983,602 1,442,229 Depreciation At l January 2024 Charge for the year At 31 December2024 166,861 311,736 21,339 333 075 478,597 23,971 502 568 169,493 Net book value At 31 December 2024 1272 736 208 298 1,481,034 At 31 December 2023 1,275,368 228,227 1503 595 page 25
PAROCHIAL CHURCH COUNCIL OF CANFORD MAGNA CHURCHES, DORSEr NOTES TO THE FINANCIAL STATEMENTS tontinued For the year ended 31 December 2024 Analysi5 of Net Assets by Fund Unrestricted Funds Restrirted Funds Total Fixed a55ets Current assets Current liabilities Fund balance 685,740 346,610 168,9121 963,438 795,294 80,163 121,0491 854,408 1,481.034 426,773 189,9611 1,817,846 Analysls of NetAssets by Fund-prloryeor Unrestrirted Fund5 Re5trirted Fund5 Total Fixed ossets Current assets Current liobilities 700,200 322,713 194,030) 803,395 46.667 1,503,595 369,380 194,030J Fund balance 928,883 850,062 Debtors 2024 2023 Income tax recoverable Other debtors and prepayments 30,427 6,949 37,376 21,290 19,516 40,806 Liabilities: Amounts falling due within one year 2024 2023 Creditors and accruals 89,961 94,030 89,961 94,030 page 26
PAROCHIAL CHURCH COUNCIL OF CANFORD MAGNA CHURCHES, DORsgr NOTES TO THE FINANCIAL STATEMENTS continued For the year ended 31 December 2024 9. Fund details The $tritted fund5 comprise monies raised for work on Church buildings. The balance is represented as follow5.. 91al Summary of Re5trirted Fund Movements Fund name Fund balance b/fvid Incoming resources Outgoing resource5 Transfers Gains &1055es Fund balance clfwd St Barnabas General Lantern Lantern youth Parish youth Legacy Bell Fund Parish church build Parish Kingfisher Roof Sudan Client AV 346,976 7,349 285,965 346,976 7,349 284,522 11,4431 130,4591 14761 30,459 4,519 2,000 370 1,501 4,043 2,(J)O 370 1,501 187,525 1.421 95 5,315 15,415 11,1921 16501 186,333 771 1951 5,315 15,227 11881 TOTAL 850,062 38,849 95 The transfer from the Sudan fund is for expenses previously paid from the general fund for Sudan link. Page 27
PAROCHIALCHURCH CQUNCILOF CANFORD MAfjNA CHURCHES. DORS NOTE5 TO THE FINANaAL STATEMENTS continued For the year ended 31 December 2024 9(bJ Summary of Restrirted Fund Movements- prloryear Fund bolGnce b/fvd Fund name Incoming resources Outgoing resources Fund Ilan ¢/fvd Tmn5fers GaiTns & 10$5e5 St Bomabas Generol Lantern Lighting Bell Fund Mission Kingfisher Roof 5udun Client AV TOTAL 346,976 8,661 286,618 577 4,072 346,976 7,349 285,965 fl,312J (653) (577) (4.461) 1826) 123,836) 389 826 211,361 922 95 5,315 7,118 187,525 1,421 95 5,315 15.415 499 8,500 (203) 871. 716 10,214 31,868 Lighting Fund Donations for the repairs and maintenance of lighting Bell Fund . Donations for repair and maintenance of the be115 at the Parish. Mission . Donations ènd specific ¢ollections for mission work pending distribution. Kingfisher .' Funds collected for the re-ordering of the Parish Church and the expansion of the CMC. Roof . Funds given for the repair and maintenance of the Parish roof. Sudan . Funds collected for the twinned diocese of Nzara in South Sudan. Cllent . Monies collected on behalf of other pending payment. AV . funds for the churches AV system 10 Designated fund5 The unrestricted fvnds include amounts set aside for mission expenses. Fund balance b/fwd Incoming resources Fund name Outgoing resour¢e5 Transfers Gains &1055e5 Fund balance c/fwd Mission Account Mission to Romani 23,410 8.885 75,255 10,153 165,2861 15,6191 33,379 13,419 11{a) Capital commitments There were no ¢apitsl commitments at the year end IZ Payments to accountsnts 2024 2023 Examination work Payroll and accountancy services 1,080 1,396 1,080 1,979 13 Related parties There were no material related parties durin8 the year12023 . nill. 14 Gifts in kind There were no material gift5 in kind received in the year12023 - nill. page 28