**Treasurer’s Report** 

**2023 Accounts** 

The financial focus in 2023 obviously had to be the tower repair project. During the year we were very fortunate to be awarded grants from Benefact Trust, Congregational and General Charitable Trust, National Churches Trust and Shepperton Parish Charities. There was also an amazing response from the congregation and the wider community, both with generous donations and support for all the fundraising events. We are very grateful to all those who organised, hosted or helped at these events, their hard work certainly paid dividends. As a result of all this, we are confident that the appeal will reach its target by May 2024 when the final invoice for the building work is due to be paid. 

Ending the year with a General Fund deficit of £14,704 was disappointing. The drop in income was largely due to a reduction in fee income (the work on the tower probably had an impact on the number of weddings) and the loss made on producing Shepperton News. The Gift Aid tax claim is submitted twice a year but the second amount was not received until early 2024, hence the lower than usual amount of tax recovered. This will balance out in the coming year. 

On the advice of the Diocesan Finance Advisor, the Parish Centre income and expenditure is now included in the church accounts. The PCC agreed that this should be distinguished by being a Designated Fund rather than incorporated in to the General Fund. 

In the light of the deficit, the PCC regretfully decided that our contribution of £52,000 to the Diocesan Common Fund could not be increased at the present time. The Parish Standard Cost figure set by the Diocese for 2024 is £91,300. The PCC remains committed to increasing our contribution when the financial situation allows. 

We are grateful to everyone who supports our church financially. If you are able to give by regular Standing Order it greatly assists our budgeting. If you are a tax payer and have not signed a Gift Aid declaration, please do consider this as it increases your giving by 25% at no extra cost to yourself. Please remember that you should notify us if your circumstances change and you no longer pay enough Income or Capital Gains Tax to cover the Gift Aid claimed on your donations. Do contact me if you have any questions about the scheme. 

Finally, my personal thanks as always, to the loyal team - Fiona, Hilary, Joan, Jeremy and Nicky - who count and bank the collections or keep the stewardship records and submit the Gift Aid claims. 

Kathy Hodge 

PCC Treasurer 

April 2024 



## **St. Nicholas Church Shepperton Financial Statements for the Year Ended 31 December 2023** 

## (Registered Charity No. 1138021) 

## **Receipts and Payments Account** 

|2022<br>2022<br>2022<br>General<br>Restricted Designated<br>£<br>£<br>£<br>45,702<br>-<br>-<br>5,582<br>-<br>-<br>6,187<br>34,719<br>-<br>9,891<br>-<br>-<br>-<br>-<br>-<br>-<br>-<br>400<br>41<br>40<br>8,067<br>-<br>-<br>8,576<br>-<br>-<br>-<br>5,227<br>-<br>30<br>-<br>-<br>-<br>-<br>500<br>-<br>-<br>-<br>-<br>-<br>82<br>**84,435**<br>**39,987**<br>**622**<br>52,000<br>-<br>-<br>1296<br>-<br>-<br>3,730<br>-<br>-<br>589<br>-<br>-<br>1,757<br>492<br>-<br>50<br>-<br>-<br>9,717<br>-<br>-<br>1,258<br>-<br>-<br>6,112<br>-<br>-<br>20<br>453<br>-<br>180<br>57<br>500<br>500<br>-<br>-<br>-<br>-<br>-<br>-<br>2,408<br>240<br>**77,209**<br>**3,410**<br>**740**<br>**7,226**<br>**36,577**<br>**-118**<br>surplus<br>surplus<br>1,609 revenue<br>855|2023<br>2023<br>2023<br>General<br>Restricted Designated<br>**Receipts**<br>£<br>£<br>£<br>Stewardship<br>46,336<br>-<br>-<br>Collections<br>6,318<br>-<br>-<br>Donations<br>3,823<br>20,399<br>-<br>Tax Recovered<br>5,603<br>33,236<br>-<br>Loan received<br>-<br>35,000<br>-<br>Grants received<br>-<br>69,750<br>-<br>Interest and Income from property<br>400<br>358<br>447<br>Fees<br>5,228<br>-<br>-<br>Income from trading and advertising<br>3,850<br>-<br>-<br>Fundraising<br>-<br>17,301<br>-<br>Flowers<br>38<br>-<br>-<br>Other incoming resources<br>-<br>5,000<br>500<br>Parish Centre income<br>-<br>-<br>17,972<br>Sequestration account<br>-<br>-<br>-<br>(Shepperton News and sale of engraved plaques)|
|---|---|
||**TOTAL**<br>**71,596**<br>**181,044**<br>**18,919**|
||**Payments**<br>Diocesan Fund<br>52,000<br>-<br>-<br>Salaries<br>8246<br>-<br>-<br>Organists' Fees<br>3,290<br>-<br>-<br>Clergy and Rectory expenses<br>776<br>-<br>-<br>Ministry<br>2,478<br>-<br>-<br>Flowers<br>-<br>50<br>-<br>Running expenses<br>9,782<br>152<br>-<br>Utility bills<br>2,692<br>-<br>-<br>Cost of trading and advertising<br>6,336<br>-<br>-<br>Cost of fundraising<br>20<br>1,135<br>-<br>Outward giving<br>180<br>-<br>1200<br>Transfer to Rectory Maintenance fund<br>500<br>-<br>-<br>Transfer to Fabric Fund<br>-<br>-<br>5,000<br>Repairs, Alterations and Maintenance<br>-<br>247,415<br>-<br>Parish Centre expenditure<br>-<br>-<br>18,937<br>(Shepperton News and sale of engraved plaques)|
||**TOTAL**<br>**86,300**<br>**248,752**<br>**25,137**|
|||
||**Deficit**<br>**-14,704**<br>**-67,708**<br>**-6,218**|
||Net loss from Shepperton News<br>-2,880<br>Net revenue from supplying plaques<br>394|





## **Outward Giving for the year ended 31 December 2023** 

|**General Fund**|180|
|---|---|
|Plan International - advances children's rights around the world||
|**Designated Funds**||
|Faith Awareness in Children|1,200|
|**Special Collections**||
|DEC Earthquake Appeal|337|
|World Day of Prayer|15|
|Lent lunches - Diocesan Lent Appeal|274|
|Royal British Legion Industries|101|
|**Donations from the Breakfast Club**||
|Bags of Food foodbank|50|
|Crisis|150|
|Shooting Star Children's Hospice|75|





## **St. Nicholas Church Shepperton** (Registered Charity Number 1138021) **Statement of Assets and Liabilities as at 31 December 2023** 

|**Cash Funds**<br>Barclays Current Account<br>Barclays Saver Account (1)<br>Barclays Saver Account (2)<br>NatWest Current Account<br>NatWest Deposit Account<br>Petty Cash<br>**Total Funds**<br>**Represented by:**<br>**General Fund**<br>Opening balance<br>Excess of Payments over Receipts<br>Closing balance<br>**Restricted Funds**<br>Opening Balance<br>Excess of Payments over Receipts<br>Closing balance<br>**Designated Funds**<br>Opening balance<br>Excess of payments over receipts<br>Closing balance<br>**TOTAL FUNDS**|**£**<br>13,691<br>17,174<br>5,230<br>5,411<br>10,587<br>104<br>**52,197**<br>**£**<br>**£**<br>16,414<br>-14,704<br>1,710<br>55,490<br>-67,708<br>-12,218<br>68,923<br>-6,218<br>62,705<br>**52,197**|**£**<br>13,691<br>17,174<br>5,230<br>5,411<br>10,587<br>104|
|---|---|---|
|||**52,197**|
||||
|||**52,197**|



## **NOTES** 

The £35,000 loan from the London Diocesan Fund was outstanding at the year end but fully repaid in February 2024. 

Pending receipt of approved grants,the shortfall in the Tower and Restoration Fund was covered by the Mission & Ministry Fund (a designated fund) as agreed by the PCC. This was reimbursed in February 2024 when the grants of £30,536 were received 

Rev. Carole George Rector 

John Child Churchwarden 

Kathy Hodge PCC Treasurer 



## **Summary of Restricted/Designated Funds for the Year Ended 31 December 2023** 

||**£**||**£**|
|---|---|---|---|
|**ALMA**||**Designated-Maintain Rectory**||
|Balance at 1st January 2023|1,641|Balance at 1st January 2023|1,685|
|Interest|13|Receipts|500|
|**Balance at 31 December 2023**|**1,654**|Payments|0|
|||Interest|13|
|**Churchyard**||**Balance at 31/12/2023**|**2,198**|
|Balance at 1st January 2023|1,799|||
|Payments|-500|**Designated-Mission & Ministry**||
|Interest|9|Balance at 1st January 2023|50,275|
|**Balance at 31 December 2023**|**1,308**|Payments|-6,200|
|||Interest|434|
|**Fabric**||**Balance at 31/12/ 2023**|**44,509**|
|Balance at 1st January 2023|867|||
|Receipts|6,360|**Designated-Parish Centre**||
|Payments|-4,502|Balance at 1st January 2023|16,963|
|**Balance at 31 December 2023**|**2,725**|Receipts|17,972|
|||Payments|-18,937|
|**Organ and Music**||**Balance at 31/12/2023**|**15,998**|
|Balance at 1st January 2023|7,237|||
|Receipts|0|||
|Payments|-198|||
|Interest|62|**TOTAL RESTRICTED FUND**|**-12,218**|
|**Balance at 31 December 2023**|**7,101**|**TOTAL DESIGNATED FUND**|**62,705**|
||||**50,487**|
|**Tower and Restoration Fund**||||
|Balance at 1st January 2023|43,297|||
|Receipts|175,595|||
|Payments|-244,710|||
|Interest|274|||
|**Balance at 31 December 2023**|**-25,544**|||
|**Bereavement Café**||||
|Balance at 1st January 2023|320|||
|Receipts|0|||
|Payments|-120|||
|**Balance at 31 December 2023**|**200**|||
|**Little Fishes Baby & Toddler Group**||||
|Balance at 1st January 2023|329|||
|Receipts|91|||
|Payments|-82|||
|**Balance at 31 December 2023**|**338**|||





## _Independent examiner’s report to the trustees of St Nicholas Church, Shepperton_ 

_I report to the trustees on my examination of the accounts of the St Nicholas Church, Shepperton for the year ended 31 December 2023._ 

## _Responsibilities and basis of report_ 

_As the charity trustees of the St Nicholas Church, Shepperton you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 (‘the Act’)._ 

_I report in respect of my examination of the St Nicholas Church, Shepperton accounts carried out under section 145 of the 2011 Act and in carrying out my examination I have followed all the applicable Directions given by the Charity Commission under section 145(5)(b) of the Act._ 

## _Independent examiner’s statement_ 

_I have completed my examination. I confirm that no material matters have come to my attention in connection with the examination giving me cause to believe that in any material respect:_ 

_1. accounting records were not kept in respect of the St Nicholas Church, Shepperton as required by section 130 of the Act; or_ 

_2. the accounts do not accord with those records._ 

_I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached._ 

_Signed:_ 

_Name:  Heather Powell_ 

_Relevant professional qualification or membership of professional bodies :  Fellow of the Institute of Chartered Accountants in England and Wales_ 

_Address:  Avon Lodge, Station Approach, Shepperton_ 

_Date:_