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← The Parochial Church Council Of The Ecclesiastical Parish Of St Margaret Rottingdean

2023-12-31-accounts

REGISTERED CHARITY NUMBER: 1138715

REPORT OF THE TRUSTEES AND

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023

FOR

THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF ST MARGARET, ROTTINGDEAN

Marsh Solutions Limited

82 Berechurch Hall Road

Colchester Essex CO2 8RF

THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF ST MARGARET, ROTTINGDEAN

CONTENTS OF THE FINANCIAL STATEMENTS for the year ended 31 December 2023

Page
Report of the Trustees 1 to 6
Independent Examiner's Report 7
Statement of Financial Activities 8
Balance Sheet 9
Notes to the Financial Statements 10 to 19
Detailed Statement of Financial Activities 20 to 21

THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF ST MARGARET, ROTTINGDEAN

REPORT OF THE TRUSTEES

for the year ended 31 December 2023

The trustees present their report with the financial statements of the charity for the year ended 31 December 2023. The trustees have adopted the provisions of 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 (FRS 102) (effective 1 January 2019).

OBJECTIVES AND ACTIVITIES

Objectives and aims

The PCC has the responsibility of co-operating with the incumbent, the Revd Dr Anthony Moore, in:

Public benefit

The Trustees confirm that they have referred to the guidance contained in the Charity Commission's general guidance on public benefit when reviewing the charity's aims and objects and in planning future activities and setting policy for the year.

PCC Members as Trustees

For the purposes of the financial statements the PCC Members, including the Incumbent and Wardens, are the Trustees of the charity and the terms PCC Members and Trustees may be used interchangeably.

Page 1

THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF ST MARGARET, ROTTINGDEAN

REPORT OF THE TRUSTEES

for the year ended 31 December 2023

ACHIEVEMENT AND PERFORMANCE Charitable activities

What we planned to do to achieve our charitable objectives

When planning our activities for the year, our incumbent and the PCC have considered the Charity Commission's guidance on public benefit and, particularly, the specific guidance on 'charities for the advancement of religion'.

The council has complied with the duty under section 5 of the Safeguarding and Clergy Discipline Measure 2016, fully recognising its duty to have due regard to House of Bishops' guidance on safeguarding children and vulnerable adults.

For 2023 we discussed and planned the following objectives and activities to fulfil our aims:

What we achieved and how we affected beneficiaries' lives

Attendance at worship

The church family welcomes visitors from within as well as outside the parish boundary. Visitors attend by personal choice and, it is our great pleasure to welcome anyone from all walks of life to take part in the life of the church. We contend that voluntary attendance to worship the Lord Jesus Christ, is a major demonstration of the public benefit of our activities.

Over the course of the year service attendance has increased slightly and new, slightly younger people are joining our congregation. We look to encourage the deepening of faith for all ages, and work closely with our church primary school.

Christmas is a very special time of celebration where many sections of the community come together to join in the services. There was an increase in attendance this year.

A weekly recorded audio service has been continued. People have been able to access this service online and via a specially designated phoneline.

Page 2

THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF ST MARGARET, ROTTINGDEAN

REPORT OF THE TRUSTEES

for the year ended 31 December 2023

Teaching, baptising and nurturing new and existing believers

It was with great delight that we celebrated the baptism of children and confirmation of adults. No weddings were celebrated because of uncertainty about the period when the church would be closed for repair and development work. It would not be right to book a date and then have to cancel.

Provision of the church building for people to enjoy

It is important to us that the church is available for private prayer, not just to the church family, but to the wider visiting community. To this end the church building is open during the day. Many remark not only how refreshing it is to find an open church but, also the sense of peacefulness and spirituality the church pervades, especially with ambient choral music playing in the background.

Other feedback includes the sense of history within; that people of much earlier generations found life and presence there, and comments on the appreciation of the architectural beauty of the building, especially the Edward Burne-Jones windows.

Spatial reordering of the church building and future projects

Our church family has continued to develop plans to reorder the nave of the church and create an extension. The new extension will hopefully house a kitchen, accessible toilet and baby change facilities, new office accommodation, and a large and small meeting room for use by the church and local community groups. As part of the project, we will enhance the audio-visual equipment, replacing some elements where necessary. This will enable a more modern approach to services, whilst protecting those who prefer the alternative approach to worship through hymn books and leaflets.

Ongoing decisions made in faith, to adopt and encourage the Diocesan Strategy of reimagining of ministry and, to modernise our church building, point to a hopeful future, but will require the continued spiritual commitment from all of us, to see it realised. We are in the fortunate position to be able to cover the cost of the project having sold St Margaret's Cottage, and because of two substantial legacies, and a generous donation of financial support.

Provision of pastoral care for people living in the parish

The Vicar and our two Parish Visitors are responsible for hospital visits and home communions. We also visit local care homes and keep in touch with parishioners by telephone.

Other charitable giving

The church family has supported the church primary school and the Royal British Legion. Donations collected from our congregation were given to Turkey Earthquake Appeal, Macmillan, Off The Fence and The Royal British Legion.

Page 3

THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF ST MARGARET, ROTTINGDEAN

REPORT OF THE TRUSTEES

for the year ended 31 December 2023

FINANCIAL REVIEW

Financial position

Incoming and outgoing resources

Total receipts on general unrestricted funds received were £143,268 and are detailed in the Financial Report.

Total receipts on restricted funds received were £9,718 and are detailed in the Financial Report.

The Treasurer has completed an exercise to ensure that the Church has the most up to date records in place for claiming Gift Aid on qualifying donations. We are pleased to say that the exercise went well and have seen an uptake in signed forms being received and the records being updated.

Legacies received in 2023 amounted to £55,063 (2022: £104,771).

The PCC are committed to identifying cost savings and efficiencies and a line by line cost review was undertaken in 2023.

A new contactless card machine was purchased, thanks to the generosity of a parishioner. Contactless donations amounted to £2,409.

Sharing the ministry costs of the Diocese of Chichester

The largest expenditure of the PCC was the sum of £52,000 (2022: £76,967) paid to the diocese for our share of all churches' Parish Ministry Costs. The reason for the reduction in 2023 was due to the anticipated closure of the church due to the proposed development works, however this has been delayed to 2024.

The total relates directly to the housing, support, stipend and pension costs of the clergy of this parish, training of new ordinands, a contribution to national church funds and, shared costs of the Christian family throughout the whole diocese, including assistance towards the upkeep of churches less able to manage than ourselves. It is anticipated that the share of the Parish Ministry Costs will be reduced again in 2024 in line with the Church being closed as part of the development works, hopefully from Spring 2024.

Staff costs

The PCC employs no staff.

Trustee payments and expenses

The PCC also supported the clergy by paying Council Tax of £2,812 and Water £522.

Clergy expenses are lower this year as the Vicar has not been claiming any expenses since 2021: this will continue into 2024 until our finances recover. This is a way of supporting the finances of the Parish.

There were no payments to persons related to or connected to the Trustees.

Office costs

We had previously negotiated a 5-year fixed rate utility contract, which has helped us enormously as the predicted energy price increase hit in Autumn 2022. This is due for renewal in January 2026.

Reserves policy

It is PCC policy to maintain a balance on the general unrestricted funds (excluding property) which equates to approximately three months' worth of unrestricted payments as contingency against unforeseen situations. As well as holding the above general reserves, from time to time the PCC receives unrestricted or restricted legacies for expenditure defined by the donor.

St Margaret's Cottage was sold in 2022 and the sale proceeds are held in our account with Shawbrook Bank to accrue some interest and for security of not keeping large sums in our current account.

Treasurer

The PCC would like to thank our Treasurer William Woodhouse for his time and work in overseeing the parish's accounts.

Page 4

THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF ST MARGARET, ROTTINGDEAN

REPORT OF THE TRUSTEES

for the year ended 31 December 2023

FUTURE PLANS

At some point in time, hopefully Spring 2024, we will need to close the church building for repair and development work. The building will be closed for 5-6 months which will have a negative impact on our finances through loss of fee income and visitor donations.

STRUCTURE, GOVERNANCE AND MANAGEMENT

Governing document

The charity is controlled by its governing document, a deed of trust and constitutes an unincorporated charity.

Its governing document is the Parochial Church Councils (Powers) Measure 1956

Risk management

The trustees have a duty to identify and review the risks to which the charity is exposed and to ensure appropriate controls are in place to provide reasonable assurance against fraud and error.

The PCC has an ongoing task of reviewing the major risks which impact on the work of the churches in the parish. The usual PAT testing and fire extinguisher checks have been carried out.

The PCC consider that the principal risks and uncertainties are:

REFERENCE AND ADMINISTRATIVE DETAILS Registered Charity number

1138715

Principal address

St Margaret's Church The Green Rottingdean Brighton East Sussex BN2 7HA

Page 5

THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF ST MARGARET, ROTTINGDEAN

REPORT OF THE TRUSTEES for the year ended 31 December 2023

Trustees

During the year the following served as members of the Parochial Church Council:

Ex Officio members
Incumbent The Revd Dr Anthony Moore Chairman
Church Wardens Dawn Davidson
Heather Butler
Elected Members
Janet Farrow
Lorna Coleman
Kerwin Hack Safeguarding Officer
Mary Hanna
Mike Laslett Electoral Roll Officer
Susan Leaney Deputy Safeguarding Officer
William Woodhouse Treasurer
Susan Sparks Secretary
Duncan Ward
Michael Maddox Deanary Synod Rep
Nel Mackie

Membership of the PCC is determined under the Church Representation Rules and consists of certain ex-officio members (the incumbent) the churchwardens and members of the Deanery, Diocesan or General Synods and members of the church who are elected at the Annual Parochial Church Meeting (APCM). Members are warmly encouraged to stand for election to the PCC and we try to ensure a balance of skills and experience where possible.

Independent Examiner

Marsh Solutions Limited 82 Berechurch Hall Road Colchester Essex CO2 8RF

Approved by order of the board of trustees on ............................................. and signed on its behalf by:

........................................................................ Revd Dr A Moore - Trustee

Page 6

INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF ST MARGARET, ROTTINGDEAN

Independent examiner's report to the trustees of The Parochial Church Council of the Ecclesiastical Parish of St Margaret, Rottingdean

I report to the charity trustees on my examination of the accounts of The Parochial Church Council of the Ecclesiastical Parish of St Margaret, Rottingdean (the Trust) for the year ended 31 December 2023.

Responsibilities and basis of report

As the charity trustees of the Trust 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 Trust's accounts carried out under Section 145 of the Act and in carrying out my examination I have followed all 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 Trust as required by Section 130 of the Act; or

  2. the accounts do not accord with those records; or

  3. the accounts do 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.

Mr Christopher Marsh MAAT The Association of Accounting Technicians

Marsh Solutions Limited 82 Berechurch Hall Road Colchester Essex CO2 8RF

Date: .............................................

Page 7

THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF ST MARGARET, ROTTINGDEAN

STATEMENT OF FINANCIAL ACTIVITIES for the year ended 31 December 2023

Notes
INCOME AND
ENDOWMENTS FROM
Donations and legacies
2
Other trading activities
3
Investment income
4
Total
EXPENDITURE ON
Charitable activities
Church Activities
Net gains on investments
NET
INCOME/(EXPENDITURE)
RECONCILIATION OF
FUNDS
Total funds brought forward
TOTAL FUNDS CARRIED
FORWARD		 Unrestricted
funds
£
128,927
13,830
511
143,268
83,231
-
60,037
198,396
258,433		 Restricted
funds
£
4,626
-
5,092
9,718
38,951
-
(29,233)
902,372
873,139		 Endowment
funds
£
-
-
-
-
-
1,274
1,274
19,178
20,452		 31.12.23
Total
funds
£
133,553
13,830
5,603
152,986
122,182
1,274
32,078
1,119,946
1,152,024		 31.12.22
Total
funds
£
189,685
22,519
565
212,769
148,683
601,489
665,575
454,371
1,119,946

The notes form part of these financial statements

Page 8

THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF ST MARGARET, ROTTINGDEAN

BALANCE SHEET 31 December 2023

Notes
FIXED ASSETS
Tangible assets
7
CURRENT ASSETS
Debtors
8
Investments
9
Cash at bank and in hand
CREDITORS
Amounts falling due within one
year
10
NET CURRENT ASSETS
TOTAL ASSETS LESS
CURRENT LIABILITIES
NET ASSETS
FUNDS
11
Unrestricted funds
Restricted funds
Endowment funds
TOTAL FUNDS		 Unrestricted
funds
£
363
825
-
285,090
285,915
(27,845)
258,070
258,433
258,433		 Restricted
funds
£
-
-
4,822
882,678
887,500
(14,361)
873,139
873,139
873,139		 Endowment
funds
£
-
-
20,452
-
20,452
-
20,452
20,452
20,452		 31.12.23
Total
funds
£
363
825
25,274
1,167,768
1,193,867
(42,206)
1,151,661
1,152,024
1,152,024
258,433
873,139
20,452
1,152,024		 31.12.22
Total
funds
£
725
3,656
19,178
1,108,624
1,131,458
(12,237)
1,119,221
1,119,946
1,119,946
198,396
902,372
19,178
1,119,946

The financial statements were approved by the Board of Trustees and authorised for issue on ............................................. and were signed on its behalf by:

.............................................

A Moore - Trustee

The notes form part of these financial statements

Page 9

THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF ST MARGARET, ROTTINGDEAN

NOTES TO THE FINANCIAL STATEMENTS for the year ended 31 December 2023

1. ACCOUNTING POLICIES

Basis of preparing the financial statements and assessment of going concern

The financial statements of the charity, which is a public benefit entity under FRS 102, have been prepared in accordance with the Charities SORP (FRS 102) '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 (FRS 102) (effective 1 January 2019)', Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Charities Act 2011. The financial statements have been prepared under the historical cost convention.

The financial statements are presented in sterling (£).

The trustees consider that there are no material uncertainties about the charity's ability to continue as a going concern.

Income

All income is recognised in the Statement of Financial Activities once the charity has entitlement to the funds, it is probable that the income will be received and the amount can be measured reliably.

Expenditure

Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Computer equipment - 25% on cost

Taxation

The charity is exempt from tax on its charitable activities.

Debtors

Trade and other debtors are recognised at the settlement amount. Prepayments are valued at the amount prepaid.

Cash at bank and in hand

Cash at bank and in hand includes cash, current bank accounts and deposit bank accounts with no withdrawal limitations.

Creditors

Creditors are recognised where then charity has a present obligation resulting from a past event that will result in the transfer of funds to a third party and the amount due to settle the obligation can be measured or estimated reliably. Creditors are recognised at their settlement amount.

Fund accounting

Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees.

Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes.

Endowment funds for which the capital must be maintained; only income arising from the endowment may be used, as restricted funds, depending on the purpose set out in the terms of the original endowment.

continued...

Page 10

THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF ST MARGARET, ROTTINGDEAN

NOTES TO THE FINANCIAL STATEMENTS - continued for the year ended 31 December 2023

1. ACCOUNTING POLICIES - continued

Fund accounting

Further explanation of the nature and purpose of each fund is included in the notes to the financial statements.

2. DONATIONS AND LEGACIES

Donations
Gift aid
Legacies
Grants
Planned Giving
Loose Cash Collections
Church Development
Mission Fund
3.
OTHER TRADING ACTIVITIES
Wedding & Funeral Fees
Church Hire
Concerts & Refreshments
Other income
4.
INVESTMENT INCOME
Deposit account interest		 31.12.23
£
24,759
6,246
55,063
-
43,252
1,033
-
3,200
133,553
31.12.23
£
5,501
140
5,880
2,309
13,830
31.12.23
£
5,603		 31.12.22
£
24,662
8,580
104,771
125
42,527
2,920
100
6,000
189,685
31.12.22
£
9,172
2,784
8,788
1,775
22,519
31.12.22
£
565

5. TRUSTEES' REMUNERATION AND BENEFITS

There were no trustees' remuneration or other benefits for the year ended 31 December 2023 nor for the year ended 31 December 2022.

Trustees' expenses

There were no trustees' expenses paid for the year ended 31 December 2023 nor for the year ended 31 December 2022.

continued...

Page 11

THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF ST MARGARET, ROTTINGDEAN

NOTES TO THE FINANCIAL STATEMENTS - continued for the year ended 31 December 2023

6. COMPARATIVES FOR THE STATEMENT OF FINANCIAL COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES ACTIVITIES
Unrestricted Restricted Endowment Total
funds funds funds funds
£ £ £ £
INCOME AND ENDOWMENTS FROM
Donations and legacies 82,189 107,496 - 189,685
Other trading activities 22,519 - - 22,519
Investment income 565 - - 565
Total 105,273 107,496 - 212,769
EXPENDITURE ON
Charitable activities
Church Activities 113,696 34,987 - 148,683
Net gains/(losses) on investments - 603,527 (2,038) 601,489
NET INCOME/(EXPENDITURE) (8,423) 676,036 (2,038) 665,575
Transfers between funds 6,522 (6,522) - -
Net movement in funds (1,901) 669,514 (2,038) 665,575
RECONCILIATION OF FUNDS
Total funds brought forward 200,297 232,858 21,216 454,371
TOTAL FUNDS CARRIED FORWARD 198,396 902,372 19,178 1,119,946
7. TANGIBLE FIXED ASSETS
Computer
equipment
£
COST
At 1 January 2023 and 31 December 2023 1,449
DEPRECIATION
At 1 January 2023 724
Charge for year 362
At 31 December 2023 1,086
NET BOOK VALUE
At 31 December 2023 363
At 31 December 2022 725

continued...

Page 12

THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF ST MARGARET, ROTTINGDEAN

NOTES TO THE FINANCIAL STATEMENTS - continued

for the year ended 31 December 2023

8.
DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
Trade debtors
Other debtors
9.
CURRENT ASSET INVESTMENTS
Listed investments
10.
CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
Other creditors
11.
MOVEMENT IN FUNDS
Net
movement
At 1.1.23
in funds
£
£
Unrestricted funds
General Fund
198,096
59,920
Flower Fund
300
117
David Reid Legacy
-
-
198,396
60,037
Restricted funds
Tower Restoration
20,789
-
Church Development
842,045
(27,181)
Colonel Jukes Churchyard
30,510
(5,502)
Mission Fund
8,760
3,450
Musical Theatre Project
268
-
902,372
(29,233)
Endowment funds
Chancel Fund
1,971
(327)
Graves Fund
3,926
369
Coveney Fund
13,281
1,232
19,178
1,274
TOTAL FUNDS
1,119,946
32,078		 31.12.23
£
-
825
825
31.12.23
£
25,274
31.12.23
£
42,206
Transfers
between
funds
£
(50,000)
-
50,000
-
(20,789)
21,057
-
-
(268)
-
-
-
-
-
-		 31.12.22
£
303
3,353
3,656
31.12.22
£
19,178
31.12.22
£
12,237
At
31.12.23
£
208,016
417
50,000
258,433
-
835,921
25,008
12,210
-
873,139
1,644
4,295
14,513
20,452
1,152,024

continued...

Page 13

THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF ST MARGARET, ROTTINGDEAN

NOTES TO THE FINANCIAL STATEMENTS - continued for the year ended 31 December 2023

11. MOVEMENT IN FUNDS - continued

Net movement in funds, included in the above are as follows:

Unrestricted funds
General Fund
Flower Fund
Restricted funds
Church Development
Colonel Jukes Churchyard
Mission Fund
Macmillan Coffee
Endowment funds
Chancel Fund
Graves Fund
Coveney Fund
TOTAL FUNDS		 Incoming
resources
£
142,427
841
143,268
5,339
81
3,450
848
9,718
-
-
-
-
152,986		 Resources
expended
£
(82,507)
(724)
(83,231)
(32,520)
(5,583)
-
(848)
(38,951)
-
-
-
-
(122,182)		 Gains and
Movement
losses
in funds
£
£
-
59,920
-
117
-
60,037
-
(27,181)
-
(5,502)
-
3,450
-
-
-
(29,233)
(327)
(327)
369
369
1,232
1,232
1,274
1,274
1,274
32,078

continued...

Page 14

THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF ST MARGARET, ROTTINGDEAN

NOTES TO THE FINANCIAL STATEMENTS - continued for the year ended 31 December 2023

11. MOVEMENT IN FUNDS - continued

Comparatives for movement in funds

Unrestricted funds
General Fund
Flower Fund
Restricted funds
Tower Restoration
Church Clock
Church Development
Colonel Jukes Churchyard
Mission Fund
Musical Theatre Project
Endowment funds
Chancel Fund
Graves Fund
Coveney Fund
TOTAL FUNDS		 At 1.1.22
£
200,297
-
200,297
28,642
(1,065)
164,183
39,680
1,000
418
232,858
1,703
4,449
15,064
21,216
454,371		 Net
movement
in funds
£
(8,709)
286
(8,423)
2,125
1,500
676,337
(9,436)
5,510
-
676,036
268
(523)
(1,783)
(2,038)
665,575		 Transfers
between
At
funds
31.12.22
£
£
6,508
198,096
14
300
6,522
198,396
(9,978)
20,789
(435)
-
1,525
842,045
266
30,510
2,250
8,760
(150)
268
(6,522)
902,372
-
1,971
-
3,926
-
13,281
-
19,178
-
1,119,946		 At
31.12.22
£
198,096
300
198,396
20,789
-
842,045
30,510
8,760
268
902,372
1,971
3,926
13,281
19,178

Page 15

continued...

THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF ST MARGARET, ROTTINGDEAN

NOTES TO THE FINANCIAL STATEMENTS - continued for the year ended 31 December 2023

11. MOVEMENT IN FUNDS - continued

Comparative net movement in funds, included in the above are as follows:

Unrestricted funds
General Fund
Flower Fund
Restricted funds
Tower Restoration
Church Clock
Church Development
Colonel Jukes Churchyard
Mission Fund
Endowment funds
Chancel Fund
Graves Fund
Coveney Fund
TOTAL FUNDS		 Incoming
resources
£
104,833
440
105,273
2,125
1,500
97,871
-
6,000
107,496
-
-
-
-
212,769		 Resources
expended
£
(113,542)
(154)
(113,696)
-
-
(25,061)
(9,436)
(490)
(34,987)
-
-
-
-
(148,683)		 Gains and
Movement
losses
in funds
£
£
-
(8,709)
-
286
-
(8,423)
-
2,125
-
1,500
603,527
676,337
-
(9,436)
-
5,510
603,527
676,036
268
268
(523)
(523)
(1,783)
(1,783)
(2,038)
(2,038)
601,489
665,575

Page 16

continued...

THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF ST MARGARET, ROTTINGDEAN

NOTES TO THE FINANCIAL STATEMENTS - continued for the year ended 31 December 2023

11. MOVEMENT IN FUNDS - continued

A current year 12 months and prior year 12 months combined position is as follows:

Unrestricted funds
General Fund
Flower Fund
David Reid Legacy
Restricted funds
Tower Restoration
Church Clock
Church Development
Colonel Jukes Churchyard
Mission Fund
Musical Theatre Project
Endowment funds
Chancel Fund
Graves Fund
Coveney Fund
TOTAL FUNDS		 At 1.1.22
£
200,297
-
-
200,297
28,642
(1,065)
164,183
39,680
1,000
418
232,858
1,703
4,449
15,064
21,216
454,371		 Net
movement
in funds
£
51,211
403
-
51,614
2,125
1,500
649,156
(14,938)
8,960
-
646,803
(59)
(154)
(551)
(764)
697,653		 Transfers
between
funds
£
(43,492)
14
50,000
6,522
(30,767)
(435)
22,582
266
2,250
(418)
(6,522)
-
-
-
-
-		 At
31.12.23
£
208,016
417
50,000
258,433
-
-
835,921
25,008
12,210
-
873,139
1,644
4,295
14,513
20,452
1,152,024

continued...

Page 17

THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF ST MARGARET, ROTTINGDEAN

NOTES TO THE FINANCIAL STATEMENTS - continued for the year ended 31 December 2023

11. MOVEMENT IN FUNDS - continued

A current year 12 months and prior year 12 months combined net movement in funds, included in the above are as follows:

Unrestricted funds
General Fund
Flower Fund
Restricted funds
Tower Restoration
Church Clock
Church Development
Colonel Jukes Churchyard
Mission Fund
Macmillan Coffee
Endowment funds
Chancel Fund
Graves Fund
Coveney Fund
TOTAL FUNDS		 Incoming
resources
£
247,260
1,281
248,541
2,125
1,500
103,210
81
9,450
848
117,214
-
-
-
-
365,755		 Resources
expended
£
(196,049)
(878)
(196,927)
-
-
(57,581)
(15,019)
(490)
(848)
(73,938)
-
-
-
-
(270,865)		 Gains and
Movement
losses
in funds
£
£
-
51,211
-
403
-
51,614
-
2,125
-
1,500
603,527
649,156
-
(14,938)
-
8,960
-
-
603,527
646,803
(59)
(59)
(154)
(154)
(551)
(551)
(764)
(764)
602,763
697,653

Fund Descriptions

Flower Fund - Funds for flower decorations Tower Restoration - Funds for major repairs to the Tower Church Clock - Funds for major repairs to the clock Church Development - Funds for major repairs to the Church Colonel Jukes Churchyard - funds for maintenance of the Church Gardens Mission Fund - Funds for mission purposes Macmillan Coffee - Funds received for Macmillan fundraising events

Endowment Funds are named after the specific endowment investment for the upkeep of those graves

continued...

Page 18

THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF ST MARGARET, ROTTINGDEAN

NOTES TO THE FINANCIAL STATEMENTS - continued for the year ended 31 December 2023

12. RELATED PARTY DISCLOSURES

There were no related party transactions for the year ended 31 December 2023.

Page 19

THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF ST MARGARET, ROTTINGDEAN

DETAILED STATEMENT OF FINANCIAL ACTIVITIES

for the year ended 31 December 2023

31.12.23 31.12.22
Unrestricted Restricted Endowment Total Total
funds funds funds funds funds
£ £ £ £ £
INCOME AND ENDOWMENTS
Donations and legacies
Donations 23,703 1,056 - 24,759 24,662
Gift aid 5,876 370 - 6,246 8,580
Legacies 55,063 - - 55,063 104,771
Grants - - - - 125
Planned Giving 43,252 - - 43,252 42,527
Loose Cash Collections 1,033 - - 1,033 2,920
Church Development - - - - 100
Mission Fund - 3,200 - 3,200 6,000
128,927 4,626 - 133,553 189,685
Other trading activities
Wedding & Funeral Fees 5,501 - - 5,501 9,172
Church Hire 140 - - 140 2,784
Concerts & Refreshments 5,880 - - 5,880 8,788
Other income 2,309 - - 2,309 1,775
13,830 - - 13,830 22,519
Investment income
Deposit account interest 511 5,092 - 5,603 565
Total incoming resources 143,268 9,718 - 152,986 212,769
EXPENDITURE
Charitable activities
Insurance 2,019 - - 2,019 1,669
Postage and stationery 2,855 - - 2,855 1,782
Sundries 84 - - 84 5,454
Donations 1,204 848 - 2,052 460
Parish Share 52,000 - - 52,000 76,967
Clergy & Personal Expenses 3,495 - - 3,495 3,157
Upkeep of Services 7,859 - - 7,859 6,913
Church Running Costs 7,479 2,400 - 9,879 10,094
Hall Running Costs - - - - 94
Church Development Project 1,800 30,120 - 31,920 25,901
Church Maintenance 1,746 - - 1,746 4,500
Upkeep of Churchyard - 5,583 - 5,583 9,170
Computer equipment 362 - - 362 362
80,903 38,951 - 119,854 146,523

This page does not form part of the statutory financial statements

Page 20

THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF ST MARGARET, ROTTINGDEAN

DETAILED STATEMENT OF FINANCIAL ACTIVITIES for the year ended 31 December 2023

for the year ended 31 December 2023
31.12.23 31.12.22
Unrestricted Restricted Endowment Total Total
funds funds funds funds funds
£ £ £ £ £
Support costs
Finance
Bank charges 818 - - 818 600
Governance costs
Accountancy and legal fees 1,510 - - 1,510 1,560
Total resources expended 83,231 38,951 - 122,182 148,683
Net income before gains and
losses 60,037 (29,233) - 30,804 64,086
Realised recognised gains and losses
Realised gains/(losses) on fixed
asset investments - - - - 603,527
Net income 60,037 (29,233) - 30,804 667,613

This page does not form part of the statutory financial statements

Page 21