Annual Report and Financlal Statements for The Parochial Church Council of the Eccleslastlcal Parish of Earley St Nicolas for the year ended 31 December 2023 Charity Registratlon Number: 1138037 THE PAROCHIAL CHURCH COUNaL OF THE £CCLESIAsficAL PARISH OF EARLEY ST NICOLAS Registered Charity in England and Wales No. 1138037 Annual Report for the year ended 31 December 2023 Alms and Purpose The Parochlal Church Council IPCC) gf Earley St Nicolas a)urch has the responsibility of cooperating with the Vicar In promotlng the whole mlsslon of the Church, pastoral. evan8elistic, soclal, and ecumenical wlthln the whole parlsh of Earley St Nlcolas. Objectives and activities The PCC is committed to enablSng as many as possible to worship at our church and become part of the parish community of Earley St Nicolas. The PCC maintalns an overvlew of worship throughout the parlsh under the leadership of the Vicar our serlices and worship put faith into practice through prayer and scrlpture, music and sacrament. When plannln8 our actlvlties for the year, we have considered the Charity Commission's guidan￿ on public benefit, and in partlcular the specific guldance on charlties for the advancement of rellglon. We try to enable people to live out their faith as part of our church communlty through: Worship and prayer,. learnin8 about the gospel; developing their knowled8e of and trust In Jesus Chrlst Provlslort of pastoral care for people living in the parish, mission, and outreach work maintaining and developing the thurch, centre, and grounds as a venue for church and community Our Misslon To be 'Open to God, open to one another, open to the communit We are followers of Christ who believe and seek to demonstrate that God is with and for all people. Ourvalues We areGod Centr If it were not for God, would not be here we want the character and values of Jesus Christ to be the bedrock of who we are as a church. We have Holy Cornmunion at the heart of our wwship where everyonels welcome to re￿5ve. We are open arbd frlendly We come as we are and anyone else can do the same. We are serious about ourfaith but do not take ourselves too seriously. We believe God loves and welcomes everyone- wetry to do the same. We are supportlve We try to support people in the g¢)od times and the bad. Thls support may be for a person in our congregation, in the local community or further afield. We are seeklng Ju5tlce for all Jesus had a particular connection with people who were living in poverty, outcast or marginalised. We aim to follow his example by working directly, with charities and with communities for a fairer world. Page l of 17 THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIAsncAL PARISH OF EARLEY sr NICOLAS Annual Report tor the year ended 31 December 2023 (¢ontlnued) Achievements and perforniance Worship and prayer The PCC endeavours to offer a range of sep41ces during the week and over the course of the year that our community finds both beneficial and spiritually fulfilling. Our usual pattern of Sunday services includes two services of Holy Communion {8am and Ioaml and an online evening prayer service We a150 have a weekly midweek communion service. We have addlt5onal services throuEhout the year, partlcularly during Christma5 and Holy Week, when we hold a se￿iCe each evening. The PCC 15 committed to having the church open every day fi)r anyone who wishes to spend tlme in prayer or reflectlon. Morning prayer is said in church Monday-Thur5day each week. The PCC has pledged to become a 'hybrid' church, commltted to supporting those who worshlp virtually. Our 10am Service is livestreamed on YouTube, and for those unable to access online services a CD recording of the servlce Is delivered to them each week and our evenlng Sunday service is exclusively on Zoom. During Easter and Chrlstmas many of our servlces were also streamed live or Included a zoom room and our PCC meetlngs are both in person and on zoom. The vicar and LLM (licensed lay mlnlsterl hold a communion servlce each month at the nurslng home in the parish. All are welcome to attend our 5ervice5. At present there are currently 141 on the parlsh Electoral Roll. 89 live wlthin the parish. Attendance In person Is around 45 for our 10am servlce. Online attendance Is almost impossible to measure, but our Sunday services usually have around 25 vievts. Pastoral Care We endeavour to keep in regular contart wlth ourchurch family and thanks to volunteers have offered practical assistance wherever possible, and visiting when people are unable to come in person to church. Much support and mutual care takes place in Home Groups. We have an active prayer chaln, whlch continues to pray for those wlthln the church community. All prayer requests are prayed at mornln8 prayer In church. Dlsclpleship We have a thriving network of Home Groups who meet both In person and virtually uslng Zoom Most groups continue to follow a course, meetlng fortnlghtly for fellowship. prayer and teaching. Other discipleshlp activlties have included the Lent and Advent groups and Space to Breathe. Mlsslon and outreath We are dellghted that the St Nicolas Centre Is busy wlth many communlty groups. The Montessori Nursery offers p￿school care for local famllies. and a ran8e of activities for adults, and children are held each week, such as dance, drama, Scouts groups, a cholr, tal chi and yoga. There are also various fellowship Eroups that meet each week, for babies and carers, board game café, a popular community café and a monthly Memory café forthose affected by dementla and their carers. Other organisations who use our space Include Parentin8 Speaal Children, Berkshlre Vlslon and Women's Business Network. We have hosted lunches for local refugees, providing a safe Space for people to gather. play games and eat together. Page 2 of 17 THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIAsncAL PARISH OF EARLEY ST NICOLAS Annual Report for the year ended 31 December 2023 Icontlnuedj At Christmas we held a popular 'Carols in the Car Pary and a Crib/Christin8le servlce. School services for Easter, Harvest and Christmas were held In church. each attended by around 3SO local children and parents. Flnanclal Revlew of the Year We remain very grateful to all our donors and have the loy of welcoming several new donors. We contlnue to see an increased use of our facilities. The continued giving and increased rentsl income has enabled us to remaln flnandally stable and our overall cash balances InC￿aSed by £787. We were delighted to have pald off our loan during this year. The accounts show 8ross Income for the year of £133.933. of whlch £128,297 related to unrestricted funds and a further £5,636 was received for restricted funds. Of this gross income, £57,282 was unrestricted planned voluntary Bivlng and £12,018 was from Gift Aid received into the General Fund. Income from renting the Church and cent￿ rose from £45.529 to £49,436. Unrestricted expendlture rose from £153,510 to £158,070 wlth the most significant increase belng In Centre runnin8 Costs. This fi8ure includes depreciation of £27.447 whlch is an accountln8 entry reflecting the use of our assets. Outward givin8 fell and a Ilst of grants is included in the notes to the attounts. After reserve transfer5 the General Fund fell by £5.166 to £21.638. As in previous year5, a transfer of £4,c￿ was made Into the Major Repairs Fund which now stands at £25,148. Ouring the year, the net movement on unrestrlcted funds was a decrease of £26,009 and the net movement on restricted funds was an Increase of £45. Total funds fell by £25,964 to £1,171,168. Aeserves Poliry The PCC conslders that it is appropriate to maintain a balance on free reseNes equlvalent to approximately three to four month5 of unrestricted expendlture to meet Its needs, including it5 legal and construrtive obligations and to smooth out fluctuatlons In cash flow. This is approximately £30,000. The balance of the General Fund at 31st December 2023 was £21.638. Investment Poli tt remains our policy to invest our funds balances wlth the Central Board of Finance ICBF) Church of England Deposit fund. Volunteers We Should liketo thank all who work so hard to make ourthurch the Ilvely and vibrant community It Is. We want to thank the current church wardens, Wendy Neale, Julia Jones and Jane Olney. They have worked tlrelessly on our behalf. Thanks also to the members of the PCC for their valuable contrlbution to our mlnlstry and for keeping the church runnin8. Page 3 of 17 THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF EARLEY ST NICOLAS Annual Report for the year ended 31 December 2023 (continued) Admlnlstrative Informatlon St Nicolas Church, Earley is situated on Sutcliffe Avenue in Earley. It Is part of the Dlocese of Oxford within the Church of England. The correspondence address is St Nicolas Church, Sutcliffe Avenue, Earley, Reading RG6 7JN. The Parochial Church Councll {PCCI was registered as a charlty In En8land and Wales on 15 September 2010, under registration number 1138037 Trustees Name Posltion Term Start 2020 End Revd April Beckerleg Chalr Ex offldo Emma Major Licensed Lay Mlnlster Ex officio 2021 Wendy Neale Julia Jones Jane Olney Co-churchwarden Ex officlo Co-churchwarden and PCC member Churchwarden Ex offi'cio 2020 2020 2021 2024 2024 2024 Jane Olney Safeguarding Officer 2021 2024 Jenny Bryce Deanery Synod Member Ex officio 2023 12020 (2017 2026 2023) 2020) Elaine Spratlin8 Deanery Synod Member Ex officio 2023 12020 {2017 2023 2023 2023 2023 2021 2021 2022 2022 2026 2023) 2020) 2026 2026 2026 2026 2024 2024 2025 2025 Denise Rees Eleanor Gunbie John Bethel Lynn Olasunkanmi John Louth Doug Walrond Uki Abu Pat Holloway Deanery Synod Member E¥ offitio Elected Member Elected Member Elerted Member Elected Member Elected Member Elected Member Elected Member Peter Jeal Elizabeth Fielding Elected Member Elected Member, Treasurer 2022 Reslgned Oct'23 2021 ReslgnedMar'23 Non-TNstee members of PCC in regular attendance Vicki Procko PCC Secretary 2023 {2022 (2021 2024 2023) 2022) Page 4 of 17 THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF EARLEY sr NICOLAS Annual Report for the year ended 31 December 20231contlnued) Strurtur•. governance and managwnent The Parochial Church Council is a corporate body established by the Church of England. The PCC operates under the Parochial Church Council Powers Measure. Members of the Parochial Churth Councll {PCCI are either ex officio or elected at the Annual Parochial Churth Meetin8 in accordance wlth the Church Representation Rules. The appointment of PCC members is governed by and set out In the Church Representation Rules. Elected members are elected by those on the electoral role of the church. All Church attendee5 are encouraged to register on the Electoral Roll and hence are eliglble to Stand for election to the PCC. In addition, members may be Co￿pted as necessary. Structure and Govemance The Function5 0ndpurp05e of the PCC PCC is a body corporate in its own ri8ht; in other words It has a legal status to which attach certaln rights and duties. The key to the role of the PCC Iles flrst of Its 8eneral functions: cooperation with the vicar In promoting in the parish the whole mission of the church. Other powers, rights and responsibilities indude: responsibilities for the financlal affalrs of the church, the care, maintenance, preservation and Insuran￿ of the fabric of the church and its goods; the care and maintenance of any churchyard; to decide jointly with the vicar forms of Serv1￿ to be used. Standing Committee Thls Is the only committee required by law. It meets as and when necessary. Other Commlttees The PCC appoints sub-committees from time to time, who are all responsible to the PCC and report back regularly. Where approprtate the PCC delegates a level of financial responstbility to iTrdividual commlttees. The PCC follows the Diocese of Oxford Safeguarding Trainin8 Requirements. The PCC has a designated safeguarding officer, Jane Olney. Approved by the PCC on 20th March 2024 and signed on thelr behalf by: Revd April Beckerleg Pa8e 5 of 17 THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF EARLEY ST NICOiAS Statement of Financlal Artlvltle5 ISOFAI for the year ended 3tst December 2023 2023 All flgures In £ Note Unftstrirted Restrlcted Endowmènt Fund5 Fund5 Fund$ Totsl Total Income and Endowmentsfrom: DonatiOTts and Le8acies Al 71.657 S.636 77,293 89,328 Charltable Actlwties A2 3.739 3,739 2.765 OtherTradlng Actlvltles A3 50,295 50,295 47.561 Investments A4 2,6(XS 133.933 377 Total Income and Endowmènts 118,297 5,636 140,031 ExpondTture on: Raising Funds Bl Charitable Adivities 82 158,070 L827 159.897 157,570 Governance costs Totsl Expenditwe 1.827 159.897 157.570 Net Gain5llLossesl on Investments Net lTh£omellExpenditurel {29,773) 125,9S4) {17,5391 Trènsfers between Funds 3.764 13,7641 Other Recognlsed Galns/lLoMes) Gains/lLossesl on Revaluation of Fixed Assets Plei Movement in Funds (26I1)91 125.9641 I17￿39) Rocon¢Sllatk>n ol Fund rotal Fund5 brou8ht forward 1.164,8B8 22,244 io,cu) L197,132 L229,422 Totsl Funds carrfed forward I.138￿79 21289 10,0 1,171,168 1.197.132 • The statement of financial artivitie5 Include5 all Balns and losses recognlsed In the yeaf. • All Income and expendlture derfves frorn contlnuln8 artlvltles. • See Note G3 for the comparative SOFA Page 6 of 17 THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF EARLEY ST NICOLAS Balance Sheet as at 315t December 2023 2023 2022 l figures in £ Note Unrestrlcted Restrlrted Endowment F￿dI Funds nds Totsl Total Fixed Assets: Tangible Assets Total Fixed Ass•ts ci 1,092,093 1,092,093 1,119,540 L09U193 1,119J40 Debtors DI 7.847 7,847 Cash at Bank and in Hand D2 45.377 22,289 53224 21289 10,000 77.666 4S.51J 76,879 84741 Tot•1 Current Assets Uabiiftles: Creditor5: Amwntsfamlng due wlthln a year El 6,438 6,438 B,ISO NetCurrentAssw or Llabllhies 22289 lo,￿0 79￿?$ n,591 Total Assels less Current Uabtlllle5 1.138A79 12389 lo,￿0 L171.168 Creditors- Amounts falllng due after one year Provisions f￿ L4abllltles Total Nèt Assèts or Uabllttles 1,138A79 IOMO ¥171,168 197.131 The Fundsof the Charlty: Ertdowmtnt Funds Fl io,ff Restrlcted Income Funds F2 22,289 22,244 Unrestrlcted Funds F3 L138,879 1.164.888 Total Charfty Funds 4171,168 1.197.132 Approved by the Parochlal Church Coundl on 20th March 2024 -1 J&cQ• Jane Olney lthurthwardenl W•ndy M••l• IChurvided by Iused Snl Operatkng A¢tlvlties 3,555 13821 3•7 10,599 12.. Anaty5is ol Cash & Cajh Equlvalents All figures in £ Cash In Hond 2023 2012 77,666 76,879 Total Cth & ￿￿h Equivalents 76￿79. Page 8 of 17 ThE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF EARLEY sr NICOLAS Notes to the Accounts for the year ended 31st December 2023 l. Accounting Policie5 1.01. Basis of preparation and assessment of going concern The accounts IfSnanclal statements) have been prepared under the hlstorfcal cost conventlon wlth Items recognlsed at Cost or transaction value unless otherwise ststed in the relevant notelsl to these accounts. The flnanclal statements have been prepared In accordance wlth the Statement of Reeommended Practlce: Accountlng and Reportlng by Charltles preparln8 their accounts in accordance with the Financial Reporting Stsndard applicablè in the UK and Republic of IrelarKI IFRS 102} issued in October 2019; the Financial Reportin8 Standard appllcable In the Unlted Kingdom and Republic of Ireland IFRS 102) and the Charities Act 2011. The charlty constltutes a public benefit entity as defined by FRS 102. The PCC consSder that there are no material uncertainties about the church'5 ability to continue as a going concern. Income from hall lettlngs has recovered well from the pandemic. 1.02. Funds structure In 2013. the Vicar and Churchwardens recelved a bequest from Pat Oummer for £lm whlch was held as an expendable endowment fund. The trustees declded to Use the beqLtest to fund the bullding ot the St Nicolas Cent￿, an excitirbg reptacement for the a8eln8 hall bulldlng. The Endowment was fully consumed In 2018. The PCC has a second endowmenL the Amos Sharp Fund, which can be used to purthase fixed assets forthe Church. The ca￿tal sum of the endowment must be malntalned In the long-term at the value of £IOk. Restrlcted funds are funds which are to be used in accordanee with specific restrictions imposed by the donor or trust deed. The main rÈ5trietÈd funds are the St Nitola5 Centre Fund. the Church Repair Fund and the Sue Watson Memorbal Fund which is to be used to purchase Items visible in the church. Unrestricted income funds ¢omprlse those funds whith the PCC are free to use for any purpose in furtherance of the charitsble objects. Unrestrirted fvnds include desi8nated funds where the PCC. at thelr dlscretlon. have created a fund for a specific purpose. Further ddalls of each fund are dlsclosed In notes Fl to F3. 1.03. Income recognition All income is recognised once the charity has entitlement to the income. it is probable that the income will be re￿iVed and the amount of income receivable can be measured reliably, Planned givin& colleclions and donations are reco8nised when re¢elved. Tax refunds are recognised when the Income to which they relate is received. Legacies are accounted for when the PCC is le8ally entitled to the amounts due. Entltlement is taken as the earlier of the date on whith either.. thè churth is aware that probate has been granted. the estate has been finalised and notlficatlon has been made by the executorlsl that a distribution will be made or when a distribution is received from the estate. Investment income is accounted for when re￿1Vable. All other income 1$ recognised when it Is receivable. All Inc¢me Is accounted for gross. Page 9 of 17 THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF EARLEY ST NICOLAS Notes to the Attounts for the year ended 31st December 20231contlnued} 1.05. Expenditure recognition Llabllitles are recogn15ed as expenditure as soon as there Is a legal or constructive obligation committing the rharlty to that expenditure. It Is probable that settlement wlll be required and the amount of the obligation can be measured reliabty. All expenditure15 accounted for on an accruals basls. Parish Share is accounted for when due to be paid. Grants payable are payments made to third parties In the furtherance of the charltable objects. In the case of an unconditional grant offer thls is accrued once the recipient has been notlfied of the erant award. The notitlcatlon gives the recipient a reasonable expectation that they will receive the one-year or multi-year grant. Grants awards that are subject to the reclpient fvlfllling performance conditions are only accrued when the reclplent has been notified of the grant and any remain5ng unfulfilled condttlon attaching to that grant is outside of the control of the Trust. 1.06. Irrecoverable VAT Irrecoverable VAT is charged against the expenditure heading for which It was incurred. 1.07. Costs of r3i5ing funds The cost5 of raising funds include any dirert Costs attrlbutable to fundraising events or fundraislnB activities. 1.08. Charitable activities Charitable activities include the cost of the Parish share, 5taffln8 the Parlsh Office, maintaininB and heating the church and the halls and providin8 church services. 1.09. Tangible fixed assets and depreciation In 50 far 35 con5e¢rated and beneflce property of any klnd Is excluded from the statutory definition of "charlty" bv Section 10121 lal and Icl of the Charltles Act 2011 such assets are not capitalised In the flnènclal statements. All assets costlng more than £5CQ are capitslised and valued at historlcal cost. Depreclatlon Is eharged on assets on a straight-line basis over thelr estimated useful Ilfe as follows: o Furnlture. fiKtures. fittings and equipment.. 5 years o Improvement5 to the Fabrlc of Bulldings.. 8 Years o Church Hall: 50 years I'.10. Pen510r)s The thartty participates In a deflned contrlbution pensions scheme. administered by Nest. Contributions In respert of this scheme are charged to the Statement of Financial ActIv￿leS for the year in which they are payable. riming differences between contrlbutlons payable arKI contrfbutlons actually paid in the year are shown as either accruals or prepayments at the year end. Page 10 of 17 THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF EARLEY ST NICOLAS Notss to the Accounts for the year ended 31st December 2023 (¢ontlnued) Al: Donallons & LeR•tie$ 2023 202Z A11fi9uresln E Unr•strlct•d R•strlrted Endowment Funds Funds Funds Totsl Ttstsl Income from Standlng Orders Donatlons to the Pl*e 57,282 3,235 60,517 67,384 235 Other Donations 2,249 L653 3,902 3.790 Donations 8iven via CAF 754 Grants Al.1 2.500 Gift Abd Recovered 12,018 12,766 I4￿65 Ttxal In¢om• from Donafjon$ & Le8ths 7L657 s￿36 7729> 89928 Al.1: Grant incom• 2023 Unre$trl¢id Re$￿tt$d Ethwm•nt Funds Funds Funds Allfigures in £ Totsl t*owèan Grant 2.5 Total Grant Income 00 Al: Charliablt 2021 Alljlgures In£ Unre5trScted Rwtrlcttd Endowmerti Funds Funds Funds Total Total Chwch Fees 1,468 L144 Serwery income Miscellaneous 2,052 2,052 1,438 219 219 183 Total Incomè Irom a￿l￿ab￿A￿lvI￿s 3,739 1765 A3: OtherTradtsw A¢tMtles 2023 2022 ANfivur¢s In£ Unrestricted Re51ricted Endowment Funds Fund$ Funds Total Total Fundraising Events Income from Rentln8 the Centre and Church Income from servtces to Centre Hirer5 95 95 49,436 49.436 45.529 764 764 1,952 Totsl Incom• from Oth•r Tradlns Arttvltl•J 50,295 47.561 A4: Inv•sknents Ilqures In £ Umestrltted Res¢rlcted Endowment Funds Funds Fub)ds Total Bank Inte￿$t 2,606 377 Total Income from In¥esiments 1606 377 Pa8e 11 of17 THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF £ARLEYST NICOLAS Notes to the A¢¢ounts for the year ended 31st December 2023 {contlnued) Bl: Ral51￿ Fwids 202a Unrestrlcted R•strlrted Endowm•nt Funds Funds Funds zo Allflgures in £ Totsl Events Total Empendltufe oh Ra1$￿ Funds 82: Ch•rltable Actl¥ltles 2023 2022 Allfigures In £ Vnrestrirted Restrfcted Endov4mènt Fund5 Fund5 Funds Totsl Total Parlsh Share 61,257 61,257 60,283 Stafflng Costs Clerev expenses 8uildin8 & Maintenance- Church and ground5 Chur¢h Grounds Ilncludinz car parkl Miscellaneous Buildings & Maintenance Totsl 20,538 20,538 20,130 20 20 50 1.299 156 1,299 156 795 1,356 1.455 1,45S 2.151 Centre Running Costs Oepreclatlon aeanin8 Utllilies 24.540 24,540 6,376 10,332 5,64S 1,5(￿} 24,450 5.787 6.376 10332 5.645 Repair5 and maintenance St Nico￿5 Cèntie bulld related costs 3.267 1.500 3,627 Other Centre Eyndlture Total 46.893 48,393 44,971 Church Runnin8 Costs Cleanin8 and refuse UtllTrtles InsurarKe Ilncludin8 Centre Insuran￿} Photocopier Othei offlce costs Telephone and ITcosts Bank Charges Servery and cateribW costs DÈpreciation Church Runnlni Costs Totsl 2,475 2.475 2,905 3,181 2,432 3,181 2.728 3,195 3,195 800 2.588 204 863 2,746 519 1769 206 2,588 204 863 1,133 3,508 19,930 2,907 19,118 2.907 19.118 Church Servke Costs Altar Requisites Flower5 697 367 Music costs includin8org8n tvnin8 Mistellaneous 4,279 4.279 3.372 767 767 376 Churth Ser¥Tcè Costs Totsl 6,723 6,723 5,113 Subtotal carrled forward 156.004 i.soo 157,504 152,628 Page 12 of 17 THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIAsficAL PARISH OF EARLEY sr NICOLAS Notes to the Accounts for the year ended 31st December 20231contlnued) B2- Charitable Artivitie5 l¢ont'dl 2023 Vnrestrl¢t•d R￿trItted Endowment Funds Funds Funds 156.OD4 2022 Allfiqures in£ Total Total Subtotal brought forward 157,504 152,628 Marketin8 Grants l Outward Glvlng Loan Interesl B3 327 2,375 4,350 207 18 18 Churth Group5 385 To¢•1 Expenditure on CharltsbleArtlvltl 158.070 159,897 157,570 B3: Grants / Outward GM 2023 2022 Allfffjures in £ Unrestrfrted Restrl¢ted Ertdovmi•nt Funds Funds F14nds Tolal Chrlstian Ald 24 104 RE Inspired Embrace Middle East 1,740 144 L740 1.740 144 Royal Berkshire Hospital Communlcare io io io 700 Care4CalaSs Medical Ald for Pale5tlnlans 700 Children's society Ukraine Appèal Home4Good 130 127 257 31 200 181 aAcqc o¢herCostsTatal 2,048 327 1375 4,350 CL. Tansible Assets Fr•ehold Land and Bulldlngs Fixtures, FlttlnF and Equlpment Totsl At beginning of the year Additions L2S6,038 33.505 L289,543 Dlsposals Atthe end of theye 1256J138 33￿5 1.289,543 DepredatloTh At beginnin8 of ihe year 141,252 170,003 Dlsposals Depredatlon Atth• •nd tyftheye 24,450 165,702 2.997 a1748 27A47 197AS0 Net Book Value at beginning of thèyear 1,114,786 4,754 1.119,540 N•1 BookValu• at•nd olth• year 1,090J36 1.757 LO92.093 Page 13 of 17 THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF EARLEY ST NICOLAS Not￿ to the Accounts for the year ended 3tst December 2023 {contlnued) DI: Debtors 2023 Allflgures In £ Unrestrlcted RestrIcl￿ Endowment Funds Funds Funth Total Total Prepwnents and A¢¢rued Income Gift Aid Claim 1,506 4,118 1,506 4,118 1253 2,978 Prepayments Other Debtors Debtors for hall hire 1,623 1,623 1,143 1,878 610 Parlsh Share Rebate Other debtor5 fKJO Debtor5 Tolal 7￿47 7,847 s￿62 D2: Cosh * ean* and In Hand 2023 2022 Allfigures £ Unre#rltted Restrkted Endowment Funds Funds T¢)tsl Total HSBC Current Attounts 26,373 19.004 26.373 51.293 22,591 54,288 CCLA Deposrt A¢￿￿nt Cash In Hand 22.289 io.cw C￿h at Bank and In HandTotsl 453 22289 io 77.666 76A79 El: cred1to￿, Amowits f*llln8 due wlthln ont year 202Z Unrestrlcted Restrirted Endowment Funds Funds Fund5 2022 Allfigures in £ Tot•1 Totsl Tr* Credltors 5.187 5,187 2535 5267 Short-Tami Repayment of Dlocese Lo4n oiher Cr￿ltar$ Semce Fee5 1,251 1,251 348 Creditors {wiihin one year) Total The loan was originallyfor £IOO.000 from the Oxford Di(Kesan Board of Flnance and w¥ used to help finan￿ the bulldlng ofthe St Nlcolas C£ntre. The flnal repayments were ma(le during 2023 so there was rbo Outstanding liability as at 31st December 2023. Page 14 of 17 THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF EARLEY sr NICOLAS Notes tti th¢ A¢wunts for the year ended 31st December 2023 l¢ontlnuod) E3: Contlngent knabllity Durin8 the year the Church made a final payment in reS￿t ol retentlons on the St Nicolas build. There are no further Ilabilttie5 in exi51ence regarding this pr￿etL Fl: Endowment hmds aost Balan¢• Allfigures In £ OpeninB 8alarKe I￿oMe Expondlture TTrnsfers Am05 Sharp Fund Fl.1 io,o(ki 10,000 Total Enthwnwnt Funts iO,OOD ioJ Fl.1. The tapital may be used to purchase flxed assets but must be rebuilt to £IO,IKIO. Any interest èarned Is transferred Into general funds. Fl. Restrlcted lTrcome Funds Allfigures in £ Openl 8alon¢e Inc(xne Expondkur• Transfer5 8alan¢¢ Sue Watson Memorlal Fund F2.1 1.833 1,833 Loan fund F2.2 3,764 13,7641 MerYK>ry café Other restrocted Items F2.3 199 299 F2.4 20 SS3 13271 {1.5crf)I 246 St Nlcolas Centrè F2.6 9,826 219 8.545 Yo(rth fvnd F2.7 241 241 Gardens and Grounds fund F2.8 125 125 Churth repairfwid Refv8ee ResSllence fund Totsl Restrktsd Inc•m* F￿￿1$ F2.9 iO,OL 10,oc F2.In 1,000 22244 {Im71 13.7641 F2.1. Fund to purthase Item5 ¥Ssible in the Church. F2.& Fund to bulld new St Nicolas Centre F2,2. Fund for donatlons for the repayment of the DI￿e$an Loan F2.7. Fund for donatlon5 fowards youth work F2.3. Fund for donatlons trj the Memory Café F2.8. Fund for work In 8arden$ and 8rounds F2.4. Fund for small restrlcted donatN)ns F2.9. Ftsnd for donatlons for repairs to the (hurth F2.10. Fund for work with refugees F3: Unrestrlcted Fund$ Allfigures in £ Opehll Balant• Intome EwrtdI￿re Translers aoslnK 8alan¢e General Fund 26.804 125,693 1130,6231 12361 21,638 Desl8nated Flxed Assets reserve F3.1 1,119540 18.544 L138 127.4471 1,092,093 2S,148 1,117,241 Major Repairs Fund Total Designated Funds f3.2 127A471 Total Unrestrfrted Funds &164M8 12&297 (158,0701 F3.1 Flxed asset reserye.. amounts ptrt a￿de by the PCC to fund the fixed assets ofthe church. 3.7fj4 1.138.879 Page IS of 17 THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF EARLEY sr NICOLAS Notes to the Accounts for the year ended 31st December 2023 {¢ontlnued F3.2: M3lor Repairs Fund In 2013. the PCC created a deslgnated Malor Repalrs fund to Set aside rnonles to cover the expected costs of repairs and maintenance to the fabilt of the thurth. the Centre and its grounds. Dvring the year, an additional £6,CQ4 was added to the fijnd. Thèit 15 3150 a Restricted Fund of £10,(￿ available to be used for repalrsto the Church Isee note F2.91. Gl: Staffin8 Costs and Rgmuneratlon Alljygures in £ S31arie5 and Wages Employers Nl Pension Costs Tralnln8 Costs Tot•1 siaffln8 Costs 2023 2022 20,044 19,546 494 90 20.538 G2.1. The averaBe number of employees In the yearwas l {2022.' 11. G2.2. No employees rètelved ernolurnents over £60,CI)O dvrlng the current or prior year. 62.. Trustee and Staff R•nMmerotw Related PartyTranMrtions. and OtherTransact￿nS Trustee Rernuneration None of the trustees of the charity werE paid any remuneration or iecelved any other bènefitsfrom an employmentwlth the charity or a related entlty. Trustee Expenses In 2023, no triJ5t*s redairned exFenses. Trustp.e DonEltiQnS Thè total amount of donation5 recelved wlthout condltlonsfrom tr¢L%tees In the yearwas £17,665 Re13ted Party Transactions None Audit, Independent Examlnatlon and Other Flnan¢ial Service Fees There were no audit or independent examlnatlon fees paid bythe thirity in the year. Page 16 of 17 ThE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PAR15H OF EARLEY ST NICOLAS Notes to the Accounts for the year ended 31st De¢ember 2023 l¢ontlnued) 63: SQFAlor theyear ended 31st December 2022 AII fiBure5 in £ Unrestrlcted Restrlcted Endowmnt Fund5 Funds Funds Note Tots Income and Endowments Irom: Donatlons and Le8acle5 Charitsble Artivitie5 OtherTradin8 ActNities Investments Total Income and Endowments Expenditure on: Ralslng Funds Charltable ACtI￿tIeS Other Total Expenditure Net GainsllLossesl on Investments Net Income/l£xpenditurel Transfers between Funds Al 79,712 2.765 47.561 377 130AIS 9,616 89,328 2.76S 47.561 377 I40￿31 A4 9.616 Bl 82 153,510 4.060 157.570 83 153,510 157.S70 125,0951 8,861 5J56 18,8611 I17￿39 Other Recognised Gainslllossesj GainsllLossesl on ReV￿UatIOn of Flxed Assets Net Mo¥emen¢ in Funds R¢condlktlon of Funds: Total Fund5 brou8ht forward Total Funds cathed forward I￿￿34) {3305) 117,wJ) 1,179,120 1,164,886 25.549 22.244 L214.669 L197.130 io,o)o Pa8e 17 of 17 ## **Independent examiner's report on the accounts** ## **Section A Independent Examiner’s Report** |**Report to the trustees/**
**members of**
**On accounts for the year**
**ended**
**Set out on pages**|Charity Name
St Nicolas Church, Earley PCC|Charity Name
St Nicolas Church, Earley PCC|Charity Name
St Nicolas Church, Earley PCC| |---|---|---|---| ||||| ||31 December 2023|**Charity no**
**(if any)**|1138037| ||||| ||1 & 2||| ||I report to the trustees on my examination of the accounts of the above
charity (“the Trust”) for the year ended**31st December 2023**.||| **Responsibilities and** As the charity's trustees, you are responsible for the preparation of the **basis of report** accounts in accordance with the requirements of the Charities Act 2011 (“the Act”). I report in respect of my examination of the Trust’s accounts carried out under section 145 of the 2011 Act and in carrying out my examination, I have followed all the applicable Directions given by the Charity Commission under section 145(5)(b) of the Act. **Independent** I have completed my examination. I confirm that no material matters have **examiner's statement** come to my attention in connection with the examination which gives me cause to believe that in, any material respect: - the accounting records were not kept in accordance with section 130 of the Charities Act; or - the accounts did not accord with the accounting records; or - the accounts did not comply with the applicable requirements concerning the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the accounts give a ‘true and fair’ view which is not a matter considered as part of an independent examination. I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached. **Date:** 17[th] July 2024 **Signed: Name:** R A Sedgwick **Relevant professional** FCA. Fellow of the Institute of Chartered Accountants of England and Wales **qualification(s) or body (if any): Address:** 42 Gloucester Avenue, Shinfield, Reading, RG2 9GA 1 **Oct 2018** **IER** ## **Section B Disclosure** Only complete if the examiner needs to highlight material matters of concern (see CC32, Independent examination of charity accounts: directions and guidance for examiners). **Give here brief details of** None **any items that the examiner wishes to disclose** . 2 **Oct 2018** **IER**