Charlty reglstrotlon nurnr 1138106 ST PETERS, WOLVERCOTE PAROCHIAL CHURCH COUNCIL ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023
ST PETERS, WOLVERCOTE PAROCHIAL CHURCH COUNCIL LEGAL AND ADMINISTRATIVE INFORMATION Parochlal Church Council Andrew Clayton The R2vd Shei crOer Mary Easton William Edwards Alessandra Ferrari Christopher Fletcher-campbell Chantal Gewers Steve Goddard Ellen Hudspilh Tony Lemon Caroline Pepys Sarah Pepys Stephen Purbrick Val Tate The Revd Kale Tu¢kett Edward Wates Professor W H Whyte Joan Bailes Judy B8slin Michael Daniell Jack Sobey IAppointed 1 May 20231 IAppointed 1 May 20231 (Appointed 1 May 20231 (Appointed 1 May 20231 Charlty number 1138106 Independ•nt examiner Crilchleys Audit LLP Beaver House 23-38 Hythe Bridge Street Oxford OX1 2EP Bankers CAF Bank Limited 25 Kings Hill Ave Kings Hill Wesl Malling ME19 4JQ CCLA Investment Manag8ment Limited The CBF Church of England Funds 80 Cheapside London EC3V 60Z
ST PETERS, WOLVERCOTE PAROCHIAL CHURCH COUNCIL CONTENTS Page Parochial Church Council report Independent examiner's report statement of financial activities Balance sh881 Notes lo the finanaal siatemenls 7-17
ST PETERS, WOLVERCOTE PAROCHIAL CHURCH COUNCIL PAROCHIAL CHURCH COUNCIL REPORT FOR THE YEAR ENDED 31 DECEMBER 2023 The mernbers of the Parochial Church Council submit their annual report and financial ststemenls for the year ended 31 December 2023. The financial stalernents comply with the Charities Ad 2011 and Accounting and Reporting by Charilies.. Statement of Recommended Practice applicable to charititss preparing thoir financial statements in accordance with th8 Financial Reporting Standard for Smaller Entities. The financial statèments have been prepared in accordance with the 8¢counting policies set out in note 1 to the financial statements and comply wilh the charitvs governing document, the Charities Act 2011 and "Accounting and Reporting by Charities.. Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 1021" (effective 1 January 20191. Objectives and actlvltles The PCC has the responsibility of cooperating with the incumbent in promoting in the ecclèsiastical parish the whole mission of the Church, pastoral, evangelistic, soci818nd ecumenical. The PCC is also responsible for the day to day adminislralion of the assets and the church of Sl Peter's, Wolvercote. When planning our activities for 2023 the PCC have considered the Charity Commission's guidan on public benefit and, in particular, the supplementary guidance on chaTlties for the advancement of religion. The PCC is committed to enabling worship and prayer, pastoral rare, and rnission and outreach. Achiev•m•nts and perforrnanca 2023 has been a busy and encouraglng year for Sl Peler's. We are glad to have seen increasing attendance recovery after lockdown, and al Christmas in particular. it was heartening to note significantly increased congregations from the last two years. So while it is good that the immediate shadow of the pandemic is behind us, we are mindful that Covid has brought about long-term changes in how people engage with church and commijnity. We continue to be a very active church, organising and hosting diverse services and events, and I would like to thank everyone who makes this happen. In 2022 the PCC rèviewed our mission and vision, agreeing our purpose: We exist to love God and to share Ihe good news ofJesus Christ. We express thi8 through ourgathering in worship, caring for one anolher, and $8rving ourparish and world. We also agreed values of rootedness, inGlusivity, creatiwty 8nd being community-facing, and developed four priorities for our activity.. al to invest in our own worship and spirituality,. bl to develop our inclusive compassionate community.. c) to work wth children and families; dl to become a known centre for community life and to provlde loving stsrvice to that community. 2023 has been a lime lo embed our activitses into this vision. Alongside existsng activities and worship. we have worked on the following areas.. Developing our Friendship Centre for Ukrainian visitors into a wider community board garwles café, al which we have been pleased lo welcome regular families after school. • Joining the Inclusive Church network • Appointing a new Children's and F8mili8s' Leader • Developing a monthly Messy Church, to which we have welcomed several new families Continuing lo develop our new Sunday evening conlerllplative service, which included 8 Lent series on praying ¥Mth art Building relationships with our local school cholr who we welcomed lo sing at services during the year, and local community Choir who contributed to our carol service.
ST PETERS, WOLVERCOTE PAROCHIAL CHURCH COUNCIL PAROCHIAL CHURCH COUNCIL REPORT (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2023 We wntinue to value our partnerships, working closely with our benefice church of All Saints, Wytham, with St Michael's Summertown and Wolvercole Baptist Church who fomi our ecumenical partnership. With our partnership churches we were pleased to offer six well-atlended lectures over the year, lo have developed a series of local partnership walks, and to have Tewew8d the pattern of our meetings, meeting over food, with more of a so¢i81 feel. We have also been intentional about building and developing partnerships within the lo¢al community, particularly th those involved in creating a new cornmunity room, and establishing a regular meeting of local organisations providing food outreach and community support. The PCC mel six lirnes last year. In November Sarah Pepys stood down from her role as Parlsh Safeguarding Officer and Deputy Churchwarden. We are all tremendously grateful for her significant contribution lo the church in both of these roles. We are also very grateful lo Anne Oomian who has held the worf( with children and families on an interim basis, while we have recruited lo this role. and are delighted lo have welcorned Stacey Van Dyk as OUT Children's and Families, Leader from December. Llke many organisalions, our finances remain tight and unpredictable. Although we have seen a welcome rise in room bookings, we continue to face real challenges with the cost of energy, and are very grateful to our congregats'ons who have responded huge generosity lo manage this situation. We continue lo monitor our budget cofully. We were pleased lo donate over £1 S,000 to charitable purposes in 2023. l am grateful lo so many people whose work and ministry gives life lo our church. Individuals 8rg too numerou5 10 name bul I would like to pay particular tribute lo the PCC, ministry team, church wardens and Stsnding Committee. There is much to celebrate and we move fOardS togelheT in good h9art. Flnanclal review The attached financial statements are for the year ended 31 December 2023. The financial statements show a deficit of £41,896 in overall Funds 12022.. deficit £48,750I, but a surplus of £9,939 in unrestricted funds 12022: surplus of £7,0481. The PCC budgeted for a small deficit for 2023. In the event, this was converted to a surplus, due mainly to congrogational generosity, to significantly better-ihan-expecled income from hire of the Parish Rooms, as well as some savings on staff costs. The PCC was able lo meet 115 full Parish Share set by the Diocese via the Deanery Synod, and is budgeting to do so again in 2024. Allocation to the Mission Fund for distributs'on lo the church's chosen charblles remoined at 1 OQK of income from ongregational giving and Sundry donations (including Gift Aid). It Is PCC policy to maintain a balance on unrestricted lunds Ilf possible), which equates to at least three months unrestricted payments (equivalent lo £41,000 in 20231 lo coveT emergency situations that may arise from time to Ilme. Nel current assets of £59,600 hèld on unrestrided funds in the current account, after designations, 8t the end of the year enabled us lo try lo achieve Ihis target. structure. governance and management St Peter's, Wolvercote Parochial Church Council is a body corporate under the PCC Powers Measure 1956 and Church Representation Rules 2006. On 17 September 2010, the PCC completed the process of registration with the Gharity Commission (Regislralion Number 11381061 lo comply with the riew requirements introduced by the Charib'es Act. The charity is administered by the members of the PCC. However, between PCC meetings various sub-committees operating under the overall guidance of the PCC conduct the day-t(Fday businéss of the parish. The members of Ihe PCC hold their position either ex officio or by election. Elected members of the PCC are appointed at the Annual Parochial Church Meeting by a vote of those parishioners whose names are regisl8red on the Churches, electoral roll.
ST PETERS, WOLVERCOTE PAROCHIAL CHURCH COUNCIL PAROCHIAL CHURCH COUNCIL REPORT {CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2023 The parochial church councn who seNed tjurlng th8 y8ar and up to the dat8 of signature of the finan¢lal 8tatèinenls were.. Ex Offlclo members Incumbènt Churchwardens Th8 Revd K8tts Tuck8tt Chantal Gèwets Edward WatQ5 Val Tale Ico-QPtèd May 2023) Sarah Pepys Ico-optod May 20231 The Revd Shei Crowther The Revd Or Willl8tn Whyta Tony Lemon Christopher Fletther Campbell Deputy ohurchwardens AsSQ¢late ckrgy Licensed lay minist8r De8nery Synod represent8dvg 8nd Treasurer Elected members Joan Bailes (from May 20231 Judy 8astin (from May 20231 Evelyn Bryanf lunlil April 20231 Andrew Clayton Diana Clews lun1 Aprll 20231 Michael Dani811 (from May 20231 Mery East[> WIlOam Eoknards essandra Ferrari Ellen Hudsplth Beth Knowles lunlll Aprfl 20231 Caroline Pepys St8ph&n PuTbrick stEve Goddard Amanda Saville {vntllAprll 2023) Jack Sobey Ilrom May 20231 On apwlntrnent, new trustees are given a copy of PCC Accounta7lty.' The Ch8rill8s Act 2011 and PCC (fifth edifionl, aiid an wportunity to discuss toplcs Such as the hlstoiy of the Charity. the purpose of the Charlty and Its sITategi¢ obJ6ctives. the donation making process and an introduction to key mémbers ol the Charity. The Parochlal Church Coundl report was approved by Ihe Board of Parothial Church Councll. The Revd Kate Tuckett Trustoe
ST PETERS. WOLVERCOTE PAROCHIAL CHURCH COUNCILC R I T C H L E Y S INDEPENDENT EXAMINER'S REPORT TO THE PAROCHIAL CHURCH COUNCIL OF ST PETERS, WOLVERCOTE PAROCHIAL CHURCH COUNCIL I report to the parochial ¢hur¢h council on my examination of the financial slatemenls of Sl Peters, Wolvercole Parothial Churc* Counryl Ithe charity) for the year ended 31 December 2023. Rèsponsibilities and basis of rèport As the parochial church council of the charity YOLJ are responsible for the preparation of the financial ststemenls in accordance with the requirements of the Charities Acl 2011 Ithe 2011 Act), I report in respect of my examination of the charity's finan¢ial statements carried oul under section 145 of the 2011 Act. In carrying out my examination I have followed all the applicable Directions given by the Charity Commission under section 1451Sllbl of the 2011 Act. Ind•pondont 8xamlnerfs statement I have completed my examination. l confimi that no matters have come to my attention in connection with the examination giwng me cause to believe that in any material respe¢l'. accounting records were not kept in respect of the Charity as required by section 130 of the 2011 Act., or the finan¢i81 statements do not accord with Ihose records., or the financial statements do nol comply with the applicable requirements concerning the form and content of accounts set out in the Chariti6s IAccounts and Reports) Regulations 2008 other than any requirement that the a¢¢ounts give a true and fair view which is not a maller Considered as part of an independent examination. I have no Goncerns and have come 8cross no other matters in connection with the examination to which attention should be drawn in this report in ordef lo enable a proper undeT5tanding of the financial statements to be reached. Gary Pready FCA Critchleys Audit LLP Beaver House 23-38 Hythe Bridge Street Oxford OX1 2EP 25 July 2024 Dated..
ST PETERS, WOLVERCOTE PAROCHIAL CHURCH COUNCIL STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 31 DECEMBER 2023 Unrestricted Restrletèd funds funds 2023 2023 Total UnrestrScted Restrlcted funds funds 2022 2022 Total 2023 2022 Notes Income from: Donations and legaGies Other trading aetivilies Investments 119,408 64,325 2.097 119,408 64,325 3,188 119,862 58,750 119,862 58,750 1,291 1,091 442 Total income 185,830 1,091 186,921 179.461 442 179,903 Expenditure on- Charitable activilies 175,891 52.926 228,817 172,413 56.240 228,653 Total expenditure 175,891 52,926 228,817 172.413 56.240 228,653 Net incomel(expendltur•l and movement in funds 9,939 151,8351 141,8961 7,048 155,7981 148,7501 Re¢onclliation of funds.. FLJnd balances al 1 January 2023 107.382 587,239 694,621 100,334 643.037 743,371 Fund balances at 31 Dteember 2023 117,321 535,404 652,725 107,382 587,239 694.621 The statement of financial activities includes all galns and losses recognised in the year. All income and expenditure derive from continuing activities.
ST PETERS, WOLVERCOTE PAROCHIAL CHURCH COUNCIL BALANCE SHEET AS AT31 DECEMBER 2023 2023 2022 Not Flx•d ••8•ts TangSN& a888ts 12 4%,887 548,716 Current ••¥•t• Debtors Cash ai bank and In hand 13 2.381 166.901 2,066 158,708 169.282 160,Tf4 Cr•dltorn: amounts lalllng du• vAthln on• y•4r 14 113,4441 114,869) Net curr•nt aBs•t• 155.838 145.905 Tot•1 le•• cuThent Ilabllltl•s 652,725 694,621 Net assets •xcludlng p•Mlon Il•blllty 652.725 894.821 The fvnd• of th• charity Restricted incom& fund8 Unrgslricted funds 15 535.404 117,321 587.239 107,382 652.725 694.621 The flnanrial slat8m8nts were 8pwoved by th8 P8rochial (*urch Counc on .. The Revd Kate Tuckott TruBt••
ST PETERS, WOLVERCOTE PAROCHIAL CHURCH COUNCIL NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023 Accountlng policies Charity Infomiatlon Sl Pelel s, Wolvercole Parochial Church Council is a body corporate under the PCC Powers Measure 1956 and Church Representation Rules 2006. On 17 Seplernber 2010, the PCC completed the process of r8gislr8tion wth the Charity Commission (Registration Number 11381061. 1.1 Accountlng convention The financial slalemenls have been prepared in accordance with the charity's Igovernlng documenll, the Charities Act 2011, FRS 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland. I'FRS 102,1 and the Charities SORP "Accounting and Reporting by Charilies.. Statement of Recomrnended Practice applicable lo Charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Irèland IFRS 1021" leffeclive 1 JanLJary 20191. The charity is a Public Benefit Entity as definad by FRS 102. The charity has taken advantsge ol Ihe provisions in the SORP for charities not to prepare a Sl8temenl of Cash Flows. The financial slalements have departed from the Charities (Accounts and Reports) Regulations 2008 only to the exlenl required to provide 3 trLJe and fair view. This departure has involved following the Statement of Recommended Practice for charities applytng FRS 102 rather than the version of the Statement of Recornmended Practice which Is referred to in the Regulations but which has since been withdrawn. The financial slalements are prepared in sterling, which is the funcllonal currency of the charity. Monetary amounts in these financial statements are rounded lo the nearest £. The finanaal statements have been prepared under the historical cost convention. The principal accounting policies adopted are set oul below. 1.2 Going concem At the time of approving the financial statements, the parochial church council have a reasonable expectalion Ihal the charity has adequate resources to continue in operational existence for the foreseeable future. Thus the parochial thurch council continue lo adopt the going concem basis of accounting in pmparing the financial slatemenls. 1.3 Charitable funds Unrestricted funds are available for use al the discretion of the parochial church council in furtherance of Ihelr chantsble objectives. Designated funds compTiSg unrestricted funds that have been sel aside by the Parochial Chlbrch Council lor parti¢LJlar purposes. The aim and use of each designated fund Ss set out in the notes to the financial staltrments. Restricted funds are funds which are to be used in a¢¢ordance with specific reslriclion5 imposed by donors or which have been raised by the charity for particular purposes. The 8irn and use of each restricted fund is set out in the notes to thè financial statem8nts.
ST PETERS, WOLVERCOTE PAROCHIAL CHURCH COUNCIL NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2023 Accounling policles (Continued) The Charity utilises the followng restricted funds.. Spars•y Place Ire5tri¢tedl This contains the fixed assets relating lo Sparsey Place. Memorlal Fund ITestrl¢t&dl This comprises restricted funds for use in specific projects or purthases as d8cided by the donor. Fabric Fund Irestrietedl The Fabric Fund Ireslricted} contains the fixed asse15 of the church Iwilh the exception of Sparsey Place) 8nd funds sel aside lo maintain, enhance or (Jevelop the fabric of the church buildings and grounds. Endowment funds are subject lo specific conditions by donors that the Capital musl be maintained by the chaTIIy. 1.4 Incom• All income is included in Ihe Slatemgnl of Financial Activities ISOFAI when the charity is legally entitled to the income and the amount can be quantified with reasonable accuracy. For18gacies, entitlernènl is the earlier of the charity being notified of an impending distribution or Ihe legacy being received. Rental incorne from the letting of church premises is recognised when the rental is due. Dividends and interest are accounted for when receivable and are received gross. No amounts are included in the fin8ncial statements for setvices donated by volunteers. 1.5 Expendlture All expenditure is 8c¢ounted for on an accruals basis and has been classifièd Ljnder headings that aggregate all costs related lo the CatOry. Where costs cannot be directly attTibuted to particular headings they have been allocated to activibes on a basis consistent with use of the resources. Grants and donations are mainly made for the propagation ol the Gospel and to support other church-related organisalions both at home and abroad. The Diocesan Parish Share is accounted for when payable. 1.6 Tangible flxed assets Land and buildings include the curate's house at 13 Sparsey Place, which is shown al ils original cost lo the PCC. No depreci81ion charge is shown for this asset as the PCC are of the opinion that the residual value at the end of its useful economic life lo the PCC will be al least the original c051. Tangible fixed assets are initially measured al cost and subsequently me8sured at cost or valuation. nel of depciatIOn and any impairment losses. Deprerjation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases.. Land and buildings Fixtures, fittlngs 8nd equipment Organ 50 years straight line 33.33% and 10% slraighl line 10°/0 Straight line The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset. and is recognised in the statement of financial aclivilies.
ST PETERS, WOLVERCOTE PAROCHIAL CHURCH COUNCIL NOTES TO THE FINANCIAL STATEMENTS {CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2023 Accountlng policies (Continued) 1.7 Impairment of flxed assets Al each r8POrting end date, the charity reviews the carying amounts of its tangible assgts to determine whether there is any indication that those assets have suffered an Impairment loss. If any such indication exists, the recoverable amount of the asset is estimated in order to ¢Jetermine the extent of the impairment loss lif any). 1.8 Cash and cash equivalants Cash and cash equivalents inclu¢Je cash in hand, deposits held at call with banks. other short-temi liquid investments with original malurilies of the months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities. 1.9 Flnancial instruments The charity has elected lo apply the provisions of Section 11 'Basic Financial Instruments, and Section 12 'Olher Financial Instruments Issues, of FRS 102 to all of ils financial instrumènts. Financial instruments are Te¢ognised in the charity's balance sheet when the charity b8comes party lo th8 contractual provisions of the instrument. Fin8ncial assets and liabilities are offset, wth the net amounts prèsented in the financial stalemenls, when there is a legally enfor¢eable right lo sel off the recognised amounts and there is an intention to settle on 8 net basis or to realise the assel and settle the liability simultaneously. Ba51¢ financial assets Basic financial ass8ts, which include debtors and cash and bank balances, are inits'ally measured at transaction price including transaction costs and are subsequenlly carried al amortised cost using the effeclive interest method unless the arrangement constitutes a finanong transaction, where the transaction is measured al the present value of the fulure receipts discounted at a market rate of interest. Fin8n¢ial assets classified as receivable within one year are not amortised. Basic financial Ilablllths Basic financial liabilities, including creditors and bank loans are initially Tecognised at transaction price unless the arrangeTN8nt conslilutes a financing transaction, where the debt instrument is measured 81 the present value of the future payments discounted al a market Tate of interest. Financial liabilities classified as payable within one year are not amortised. Debt instruments are subsequenuy carried at amortised cost. using the effective interest rale method. Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of operations from suppliers. Amounts payable are d8ssified as cufrenl liabilities if payment is due within one year or less. If not, they are psented as non-cuirenl liabilities. Trade creditors are reeognised initially at transaction price and 5ubsequendy measured at amortised cost uslng the effective interest method. Derecognition of financial liabllltles Financial liabilities are derec(yJnised when the charills contractual obllgations explre or are discharged or cancelled. 1.10 Employee benefits The cost of any unused holiday entitlement is CogniSed in the period in which th8 employee's services are received. Termination benefits are recognised immediately as an expense when the charity is demonstrably committed to terminate the employment of an employee or to provide termination benefits.
ST PETERS, WOLVERCOTE PAROCHIAL CHURCH COUNCIL NOTES TO THE FINANCIAL STATEMENTS {CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2023 Critical a¢countlng estimates and Judgements In the appliGalion ol the charity's accounting policies, the parochial church council are required lo make judgements, estimates and assumptions about the carrying amount of assets and liabilities Ihal are not readily apparent from other sources. The estimales and associated assumptions are based on historip21 experience and other fa¢tors that are consdered to be relevant. Actual results may diffèr from these estimates. The eslimales and underlying assumptions are reviewed on 8n ongoing basis. Revisions to accounting ests"males are recognised in the period in which the ests'male is revlsed where the revision affects only that period, or in the period of the revision and future periods where the revision affects bolh current and fLJtu periods. Donations and logacles Unrestricted Unreslricled ftbnds funds 2023 2022 CovenaTrted and uncovenanled Legacies receivable Income tax recoverable Collection5 (open platel al seiviceg 96,632 80,891 20,479 18,492 21,672 1,104 119,408 119,862 Income from other tradlng actlvltles Unrestrlcted Unrestrlcted funds funds 2023 2022 Advertising and Sales Lettlngs- Sparsey Place Lettings- Church Room Fees Sundry Trading activity incom&= olher 2,934 16,738 24,778 2,949 554 16,372 2,715 15,960 16,333 3,441 337 19,964 Other trading activitie5 64.325 58,750 10-
ST PETERS, WOLVERCOTE PAROCHIAL CHURCH COUNCIL NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2023 Income from Investments Unrestrl¢ted Rgstricted funds funds 2023 2023 Total Unrestrfctèd Restricted funds funds 2022 2022 Total 2023 2022 Interést receivable 2,097 1,091 3,188 849 442 1.291
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ST PETERS, WOLVERCOTE PAROCHIAL CHURCH COUNCIL NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2023 Support costs Support Govemance costs costs 2023 2022 Independent Examinalion Fees Other 3,000 3,633 3,000 3,633 1,842 3,501 6,633 6.633 5,343 Analysed between Charitable activities 6,633 6,633 5.343 Net movement In funds 2023 2022 The net movement in funds is staled after chargingllcredilingl.. Fees payable for the independent examination of the charity's financial statemenis Depreaalion of owned tangible fixed assats 3.000 51.830 1,842 56,240 Parochial Church Councll No members of the Paro¢hial Church Council received or waived any emoluments during the period in respect of their services as a trustee (previous year.. £nill. Ordoined members of the clergy, in feceipl of a stipend, do so diredy from the Church ol England. 10 Employ••s The average monthly number of employees during the year was.. 2023 Number 2022 Number There were no employees whose annual remuneration was rnore Ih8n £60.000. 11 Taxation The charity is exempt from taxation on its acliwlies because all ils incorne is applied for charitable purposes. 14-
ST PETERS, WOLVERCOTE PAROCHIAL CHURCH COUNCIL NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2023 12 Tangible flxèd assets Land and buildlngs Flxtures, flttlngs and trqulpment Organ Total Cost Al 1 January 2023 679,267 95,365 242,621 1,017.253 Al 31 December 2023 679,267 95.365 242,621 1,017,253 Depreciation and impairment At 1 January 2023 Depreciation charged in the year 240,139 23,272 82,825 4,296 145,572 24,262 468,536 51,830 At 31 DecembeT 2023 263.411 87,121 169,834 520,366 Carrying amount At 31 December 2023 415,856 8,244 72.787 496,887 Al 31 DecembeT 2022 439.128 12.539 97,049 548,716 13 Debtors 2023 2022 Amount$ falling due wlthln on8 year: Other debtors Prepayments and accrued income 21 2,360 2,066 2.381 2.066 14 Crndltors- amount$ falllng due wlthln on• year 2023 2022 Other creditors A¢¢ruals and deferred income 1,083 13,786 13,444 13,444 14.869 15-
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ST PETERS, WOLVERCOTE PAROCHIAL CHURCH COUNCIL NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2023 16 Unréstricted funds The unrestricted funds of the ch8ri1y comprise the unexpended balances of donations and grants which are not 5ubje¢l to specific conditions by donors and grantofs as to how they may be used. These include designated funds which have been set aside out of unrestricted funds by the trustees for speafic purposes. At 1 January 2023 Incoming resources Rasource5 expended At31 December 2023 General funds 107,382 185,830 1175,8911 117.321 Prevlous year: At 1 January 2022 Ineomlng resources Resources expended At31 Decefflber 2022 General ftjnds 100,334 179,461 1172,4131 107,382 17 Analysls of net assets between funds Unrèstrlcted funds 2023 Restrl¢tod funds 2023 Total 2023 At 31 Oecember 2023: Tangible assets Currfint assetsllliabililiesl 496,887 38.517 496,887 155,838 117,321 117,321 535,404 652,725 Unr¢strScted funds 2022 Restrlctgd funds 2022 Total 2022 At 31 December 2022: Tangible assets Curr811t assetsllliabilitiesl 548.716 38.523 548,716 145,905 107.382 107,382 587,239 694.621 18 Related party transactlonJ There were no disclosable related party transactions during the ye8r12022- none). 17-