Charity number 1139018
THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL
PARISH OF ST.PAUL'S STOCKINGFORD
TRUSTEES. ANNUAL REPORT AND ACCOUNTS
FOR THE YEAR ENDED 31 DECEMBER 2023

TRUSTEES, ANNUAL REPORT
2023 Report and kcounts for the Parochial Church Council of
St Paul's Church, Stockingford
Aim and purposes
St Paul's Parochial Church Council (PCC) has the responsibility of cooperating with th8 incumbent.
Reverend Kale Massey, in promoting in the eccleslastlcal parish. the whole mission of the Church.
pastoral, evangelistic. social and ecumenical. The PCC is also specifically responsible for the
malntenance of the Church buildings of St Paul's and the Parish C8ntre, Church Road, Stockingford.
Objeetives and activitigs
The PCC is committed to enabling as many people as possible to worship at our church and to
become part of our parish community at St Paul's. The PCC maintains an overview of worship
throughout the parish and makes suggestions on how services can involve the many groups that
live within our parish. Our services and worship put faith inlo praclice through prayer and scripture,
music and sacrament.
When planning our activities for the year, we have considered the Commission's guidance on
public benefil and, in particular. the supplementary guidan￿ on charities for the advancement of
religion. In particular. we try to enable ordinary people to live out their faith as part of our community
through..
Worship and prayer,. leaming about the gospel., and developing their kno￿edge and
trust in Jesus.
Provision of pastoral care for poople living in the parish.
Missionary and outreach wofk.
To faGililate Ihis work it is important that we maintain the fabric of the Church of St Paul's and the
Parish Cent￿.
Achievements and performance
Worship and prayer
The PCC is keen to offer a range of seNices during the week and over the course of the year that
our community find both beneficial and spiritually fulfilling. For example, pondering and prayers
provide a quiet, intimate and reflective environment for worship while opportunities are provided for
people to engage in more OLrtgoing worship such as messy Church.
This year we have been successful in wel¢oming more people and families into our church.
All are welcome to attend our regular services. At present there are 83 parishioners on the Church
Electoral Roll, 37 of whom are not resident within the parish.
As well as our regular services, we enable our community to celebrate and thank God at the
milestones of their joumey through lrfe. Through baptism we thank God for the gift of life, in marriage
public vows are exchanged with God's blessing and through funeral ServI￿S friends and family
express their grief and give thanks for the lrfe which is now complete in this wodd and to commend
the person into God's keeping.
Page 1

TRUSTEES. ANNUAL REPORT
2023 Report and Accounts for the Parochial Church Council of
st Paul's Church. Stockingford
(Continued)
Deanery Synod
Three members of the PCC sit on the deanery synrKJ, This provides the PCC with an important link
be￿een the parish and the wider stnjctures of the Church.
Church Bulldings and the Parish Centre
During the wegk and the year the chur¢h is used by various groups such as Stay and Play which
is for young children and their parents, youth groups, lunch ciubs. theatre group drama, brownies and
guides.
Pastoral Care
Some members of our partsh are unable to attend church due to sickness or age. Arrangements
are made to visit church mernbers who have requested lo receive communion at their homes. The
pastoral care group organise visits and prayers for those who are sick or unable to get out for any
other reason to keep them in touch church life.
Mission and evangelism
Helping Ihose in need is a demonstration of our faith. Thanks to the generosity of our congregation
we raised £450 for the Earthquake Appeal in support of Turkey and Syria, £1.589.00 for Red Cross,
£246.15 for Love The Ford, £862.50 for Open Doors and £1,080.73 for Christian Aid {we also support
Christian Aid week by making direct contributions).
We also host a food bank, oasis group. monthly lunch club for the eldedy.
During the year we obtained funding to employ a growing faith family link worker.
Our newsletter is produced weekly, and the newsletter keeps our parishioners infomied
of the important matters affecting our Church and articles that help develop our knowledge
and trust in JesLtS.
Financial revlew
Totsl receipts on unrestricted funds were £89,132.85 of which £45,405.01 was unrestrtcted
planned voluntary donations, and a further £14,814.23 was from Gift ￿d. Designated funds were
£5,766.44 of which £4.300.00 was planned volunlary donations and a further £852.50 was from
GiftAid.
The planned giving through envelopes and banke¢s orders increased by 7.78°A12022 0.1 ¥0 - increase}
£81.458.02 was spent from unrestricted funds to provide the Christian ministry from St Paul's,
including the contiibution to the di0￿$an parish share that increased by 3.9 /0 in the year and
largely provides the stipends, training housing for the clergy.
Net movement in funds on unrestricted funds was £7,674.83 and the tolal fund balances
during the year increased from £96,748.20 to £106.245.36 of which £74,736.82 is unrestricted.
Page 2

TRUSTEES. ANNUAL REPORT
2023 Report and Accounts for the Parochial Church Council of
St Paul's Church, Stockingford
(Continued)
Reserves Pollcy
11 is PCC FKJlicy lo try and maintain a balance on free reserves Inel Current assets} which equates
to at least nine months. unrestricted payments. This is equivalent to £61,093. It is held lo smooth
out flu¢luations in cash flow and to meet emergenryes. The balance of the free reseNes at the
end of the year was £74,737 which is higher than this target. This policy will be reviewed in
twelve months time.
The cash balance of £28.289.04 in the fabric designated fund is retained towards meeting
future repair costs of the church buildings.
It is our poliw to invest our funds wth the CCLA Chur¢h of England Deposit Fund.
Volunteérs
We would like to thank all the volunteers who wo¥k so hard lo make our church the lively and
vibrant tx)mmunity it is.
Risk management
The PCC is aware of its risk management dLrties and has affirmed a number of policies, induding
the Notes of Guidan￿ for PCC meetings and PCC responsibilities and Safeguarding. During the
year a conflicts of interest policy and a safe use of images was adopted and the PCC agreed
the delegation of serious incident reporting to the charity commission. These risks are regularly
reviewed and systems and procedures have been put in place to manage these risks. The PCC
has complied with the duty under section 5 of the Safeguarding and Clergy Discipline measure
2016 (duty lo have due regard to House of Bishops, guidance on safeguarding children and
vulnerable adults).
All our trustees and youth and children's leaders are DBS IDisclosure and Barring Service)
hecked, as are those whose volunteering brings them into contact wth vulnerable adults.
Our fire risk assessment, policies and fire safety equipment are kept up to date. The PCC
approved a privacy policy and our data holding procedures were evaluated and amended
where necessary to meèt the General Data Protection Regulation 2018.
Structures, governanca and management
The Parochial Church Council is a corporate body established by the Church of England. The PCC
operates under the Parochiai Church Council Powers Measure. The PCC is a Registered Charity.
The method of appointment of PCC members is set out in the Church Representstion Rules. At
St Paul's the membership of the PCC consists of the incumbent {our vicar). the curate,
churchwardens and members elected by those members of the congregation who are on the
electoral roll of the church. All those who attend our serviceslmembers of the congregation are
are encouraged to wister on the Ele¢toral Roll and stand for eleetion to the PCC.
The PCC members are responsible for making decisions on all matters of general concem and
importance to the parish including deciding on how frjnds of the PCC are lo be spent.
The PCC met throughout the year wlh an average attendance of 850A. Giving ils wde responsibilities
the PCC has a number of sub- commtttees each dealing with a particular aspect of parish lifg.
These committees, which induée worship and spirituality, social, buildings and finance
and pastoral care, a￿ all responsible to the PCC and report back lo it regularly with minutes of Iheir
decisions being re￿1Ve￿ by the full PCC and discussed as necessary.
Page 3

TRUSTEES. ANNUAL REPORT
2023 Report and A¢¢ounts for the Parochial Church Council of
Sl Paul's Church. Stockingford
Iconlirtuedl
Administrative infomation
St Paul's Church is situated in Church Road. Stockingford, Nuneaton.11 is part of the Diocese of
Coventy within the Church of England. The corresponden￿ address is the Vicarage, 90 Church
Road, Nunealon. Registered charity number 1139018.
PCC members who have served at any time from 1 January 2023 until the date of this report was
approved are:
Incumbent..
Reverend Kate Massey
Wardens..
Mrs Susan West
Mr Nigel Blease
Elected members:
Year elected
Rob Jones
Les Pipe
Paul Wesl
Andrew Godfrey
Jane Udall
Steve Marsden
Ann Pipe
Mary Stewart
Kathryn Taylor
Kim Fawcett
2023
2023
2023
2022
2022
2022
2022
2022
2022
2021
(Secretary)
Co-opted members
Gary King
(Treasurer)
2023
Representstives on the Deanery Synod:
David Spiers
Rob Jones
Nigel Blease
2021
2021
2023
Approved by the PCC on 17 March 2024 and signed on their behalf by the Reverend Kate Massey
PCC Chairperson).
Reverend Kate Massey
Page 4

ST PAUL'S CHURCH STOCKINGFORD
STATEMENT OF FINANCIAL ACTIVITIES
FOR THE YEAR ENDED 310ECEMBER 2023
Unrastrictsd
Funds
Designated
Fund
RestriGted
Funds
Total
2023
Total
2022
No
INCOMING RESOURCES
Voluntsry income:
Envelopes including standing orders
Loose collections
Card machine
Weddings, baptisms & funerals
Gift Tax Rebate
Donations & special collections
45,405.01
949.35
921.07
838.78
14,814.23
6,043.18
68,971.62
4,300.00
49,705.01
949.35
921.07
838.78
15,666.73
6,043.18
74,124.12
46.116.38
1,188.77
444.46
492.46
14,052.21
5,978.76
68,273.04
852.50
5.152.50
Activities for generating funds:
Bazaars & fetes
Cenlre & sundry incorr
5,304.18
2,761.18
8,065.36
5.304.18
2,761.18
8.065.36
4,647.57
1,575.36
6.222.93
Income from invgstment5
Inveslm8nt income
Bank interest
1.485.17
1,485.17
613.94
2,099.11
601.58
54.20
655.78
613.94
613.94
1,485.17
Income from church actNitias
Fees to PCC
Church hall & parish centre lettings
5.326.00
3.814.70
9.140.70
5,326.00
3.814.70
9.140.70
7,663.12
3,085.00
10,748.12
Other incomlng resources
Grants
1.470.00
1,470.00
1.991.00
1,991.00
3.461.00
3.461.00
TOTAL INCOMING RESOURCES
89,132.85
5.766.44
1,991.00
96.890.29
85,899.87
RESOURCES EXPENDED
ChL¢rch activities
2(al
81,458.02
3.674.11
1,991.00
87,123.13
111,412.02
Fund-raising trading costs
21bl
93.00
TOTAL RESOURCES EXPENDED
81,458.02
3.674.11
1,991.00
87,123.13
111,505_02
NET INCOMINGIIOUTGOINGI
BEFORE OTHER GAINS AND LOSSES
7.674.83
2.092.33
9,767.16
{25,605.151
Total funds brought forward
67,061.99
29,416.21
96.478.20
122,083.35
Total funds carried forward
74,736.82
31,508.$4
106,245.36
96,478.20
The attachaj notes on pages 7 and 10 fom) part of these financial statements.
Page 5

ST PAUL'S CHURCH STOCKINGFORD
BAL4NCE SHEET AS AT 31 DECEMBER 2023
Unrestrlctod
Funds
Dèsi9nated
Fund
Restricted
Funds
Total
2023
Total
2022
FIXED ASSETS
Tanglble
2.997.00
2,998.00
3,598.00
CURRENT ASS￿8
Debtors
CCLA Investment
Cash at bank and St) hand
4.037.25
47,825.67
23,227.24
222.50
4,259.75
47,825.67
59,344.28
2,115.92
46,340.50
46,265.22
28,289.04
7.828.00
75.090.16
28,511.54
7.828.00
111.429.70
94,721.64
LIABILrriES
Creditors an￿Unts f811ing du8
within one year
354.34
7,828.00
8,182.34
1,841.44
NET CURRENT ASSETS
74,735.82
28.511.54
7,828.00
103.247.36
92,880.20
TOTAL NET AssErs
74,736.82
31,508.54
106,245.36
96,478.20
REPRESENTED BY:
PARISH FUNDS
Unrestricted
9(al
74.736.82
74,736.82
67,061.99
D8signsted
91al
31.508.54
31,508.54
29,416.21
Reststctsd
91bl
74.736.82
31,508.54
0.00
106,245.36
96,478.20
Approved by the ParcKhial Church Ceuncil on the 17 March 2024 arKI signed on its beh￿f by Mrs Susan West Ichurchwardenl.
Mr Nlgèl Blease Ichurchwardenl and Gary tfjng IPCC Treasurèr}.
Mrs S West
Mr N Blease
Mr G King
The attached on pages 7 and 10 fom part of th8s8 finanoal stalements.
Pag8 6

ST PAUL'S CHURCH STOCKINGFORD
FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DE
BER 2023
NOTES TO THE FINANCIAL STATEMENTS
ACCOUNTING POLICIES
The ffnancial statements have been prepared under the Church Accounting Regulations 2006 in
accordance with applicable accounting stsndards and the current Statement of Recommended Practice
Accounting and Reporting by Charitles and applicable accounting standard FRS 102.
The financial statements have been prepared under the historical cost convention. Thè finanryal stslements
include all transactions, assets and liabilities for which th@ PCC is reswnsible in law. They do not include
the accounts of church groups that owe their affiliation to another bo¢Jy. nor those that are infomial gatherings
of church members.
FUNDS
Restricted funds represent donations or grdnts received for 8 specrfic object or invited by the PCC for a
specific object or invited by the PCC for a specific object for which they were given. Any balance remainlng
unspent at the end of each year must be carried fO￿ard as a balance on that fund. The PCC does not
usually invest separately for each frjnd. Where there is no separate investment, interest is apportioned to
individual funds on an average balance basis.
Designated funds represent sums sel asidg, Out of ordinary funds. for specific designated wrposes, whlch can
b8 transferred back Snto general funds at any time.
Unrestricted funds are general funds which can be used for PCC ordinary ptjrposes.
INCOMING RESOURCES
Planned gimng, colleclons and donations are recognised when received. Tax refunds are reeognised when
the incoming resource to which they relate is ￿e￿ived. Grants and legacies are accounted for when the PCC
is legally enb'tled to the amounts due. Divldends are accounted for when re￿1Vable. interest is acc¥ued. Ail
other income is recognised when it is receivable. All incoming resources are accounted for gross.
RESOURCES EXPENDED
Grants and donations are accounted for when paid over. or when awarded, if that award creates a binding or
constructive obligation on the PCC. Thg diocesan parish share is accounted for when due. Amounts received
specrfically for mission are dealt with as restricted funds. All other expenditure is generally rgcognised when
is it incurred and is aceounled for gross.
FIXED ASSETS
Consecrated and benefice property is not included in the accounts in accordance with s.9612llal of the
Charities Act 1993.
Movable church fumishings held by the vicar and churchwardens on special trust for the PCC and which
require a faculty for disposal are inalienable property, listed in the church's inventory. which Gan be inspected
lat any reasonable timel. For anything awuired prior lo 2000 there is insufficient cost information available
and therefore such assets are not valued in Ihe financial slalemehts. Subsequently no individual item has
cost more than £1,000 so all such expenditure has been written off when incurred.
Equipment used within the church premises is dep￿cIated on a straight-line basis al the following rates=.
Church Organ - Iwenty years
Sound System Equipment- four years
Ftxlures and fittings - four years
Projection equipment- four years
Altar fumiture- ten years
Page 7

ST PAUL'S CHURCH STOCIQNGFORD
FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023
NOTES TO THE FINANCIAL STATEMENTS
RESOURCES EXPENSED
Unrestricted
Funds
Designated
Fund
Reslricled
Funds
Total
2023
Total
2022
21al Church activities
Mlnlsty
Diotssan Parrsh Share
Faas to PCC
53,224.40
2,335.00
55,559.40
53.224.40
2,335.00
55.559.40
51,224.40
3,390.00
54.614.40
SaTViCa$
Clèrgy
Eltrments
Verg&rs Fees
Otganist
290.36
460.50
455.00
160.00
1,365.86
290.36
460.50
455.00
160.00
1.365.86
934.23
402.87
415.00
80.00
1.752.10
ADMINISTRATION
Administration
Printing & Statlonery
Telephone
267.40
335.98
947.23
1.550.61
267.40
335.98
947.23
1,550.61
181.00
225.77
764.36
1,171.13
MAINTENANCE
Repairs & Maintenance
Photi)copier maintenance
1,486.38
211.55
1,697.93
2.774.11
4,260.49
211.55
4,472.04
29,555.00
406.70
29,961.70
2,774.11
o.oo
UTILITIES
Insuran
Gas
Elèctrtc
Wat6r
C18aning 8nd wages
3.383.81
5.588.14
1.362.S7
78.03
3.610.44
14,022.99
3,383.81
5,588.14
1.362.57
78.03
3.610.44
14.022.99
3,092.05
5.394.50
1.890.36
46.35
3,046.83
13.470.09
MISCELLANEOUS
Charitable donations
Growing Faith equipment
Grijwing Faith wage5
Messy Churth & Holiday Club
Spogs
Miscellaneous
Pastoral Care
Bank Cha￿e$
Monthly Draw
4,288.38
504.98
717.78
4,288.38
504.98
2,708.78
6,472.31
1,991.00
169.69
1.619.43
911.15
136.24
233.78
300.00
9,842.60
1,030.53
212.75
506.81
1.030.53
212.75
506.81
300.00
9,552.23
300.00
300.00
7.261.23
1,991.00
Depreciation
Church organ
600.00
600.00
600.00
600.00
600.00
600.00
0.00
81.458.02
3,674.11
1,991.00
87.123.13
111,412.02
2{b} Fund raising costs
Bazaars
93.00
TOTAL RESOURCES
EXPENDED
81,458.02
3,674.11
1.991.00
87,123.13
111,505.02
Page 8

ST PAUL'S CHURCH STOCKINGFORD
FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023
NOTES TO THE FINANCIAL STATEMENTS
STAFF COSTS
Unrestricled
Funds
Restricted
Funds
Total
2023
Total
2022
Wages and salaries
3.459.53
1,991.00
5,450.53
2,524.25
3,459.53
1991.00
5,450.53
2,524.25
During the year the PCC employed a cleaner and a growing faith family worker (all part-tim8}
but no payments We￿ large enough to attract social security costs in the year to 31 December 2023.
PAYMENTS TO PCC MEMBERS
No payments were made to PCC or associated wTrth the PCC and no other payments or expenses we
paid to any PCC member, or persons dosely connected to them or related parties .
TANGIBLE FIXED ASSETS
Flxtures &
Altar
Projection
Fittings
Fumitur
Organ
Equipment
(Unrestricted} (Designated) {Designatsd) {Designatedl
Total
Cost
At 1 January2023
and at 31 December 2023
36,901.34
9.833.00
11,995.00
11.428.17
70,157.51
Depreciation
At 1 January 2023
36.900.34
9,832.1)0
8,400.00
11,427.17
66,559.51
Provision in year
600.00
600.00
At 31 December 2023
36.900.34
9,832.00
9,000.00
11427.17
67,159.51
Net Book Value
At 31 December 2023
1.00
1.00
2.995.00
1.00
2,998.00
At 31 December 2022
1.00
1.00
3.595.00
1.00
3,598.00
DEBTORS
Unrestricted
Funds
Designated
Fund
Tolal
2023
Total
2022
Tax recoverable
Other debtors
Prepayments
3,737.25
300.00
222.50
3,959.75
300.00
1,668.75
447.17
2,115.92
4.037.25
222.50
4,259.75
Page 9

ST PAUL'S CHURCH
TOCKINGFORD
FINANCIAL STATEMENTS FOR THE YEAR ENDE
31 DECEMBER 2023
NOTES TO THE HNANCIAL STATEME
INVESTMENTS
Unrestricted
Funds
Designated
Funds
Rèstricted
FLmds
Total
2023
Total
2022
CCLA Dep05tt Account
47.825.67
47,825.67
46,340.50
The above investment is hèld wth CCLA Investment Managgmenl Limited on behatf of St Paul's Church,
StOc￿ngfOrd, P8rcchsal Church Council.
CASH AND BAJIK BALANCES
Unrestrict¢d
Fund5
Destgnated
Funds
Restricted
FLJnds
Tot81
2023
Total
2022
Cash In hand
Yorkshire bank current account
Yorkshire bank fabric 8ccounl
10.00
23.217.24
10.00
31,045.24
28.289.04
14.07
20,556.94
25,694.21
7,828.00
28,289.04
23,227.24
28.289.04
7.828.00
59,344.28
46,265.22
LIA81UTIES
Unrestricted
Funds
Designated
Fur￿$
Resthcted
Funds
Total
2023
Total
2022
Amounts falling (Iu9 Wthin one year
Other Creditws
Accrued incorne
A(xr*Jals for utllity and other wsts
13.34
13.34
7,828.00
341.00
297.00
7,828.00
341.00
1.544.44
354.34
7.828.00
8,182.34
1,841.44
91a} FUNDS
The movamenl in unrestricted arby designat￿ fund5 during the year were..
DeS￿jnated funds
D85tgnaied
Funds
(Building)
Unrestricted
Funds
Bdan¢e at 1 January 2023
29,418.21
67.061.99
R9ceipts
5,766.44
89,132.85
35,182.65
156.194.84
Payments
3.674.11
81.458.02
Balancè at 310ecember 2023
31,508.54
74,736.82
The building Ifabricl fund represents acctEmutate(I donations and appeals for the maintenance of the church buildings.
9(b) The movement in restricted fijnds during the year we￿.
BalB
Receipts
Payments
Bal Cmwd
Restricted Funds
Coventy Diocesan Mission Fund
1,991.00
11,991.001
The rgstricted funds comprise grants received from Coventry Diotssan Mission Fund whid) is used to support
a growing fa'th family link workei in tt)e Iccal community.
Pag8 10

Independent examinerfs report to the PCC of St. Paul's, Stockingford
I report on the accounts for the year ended 31st December 2023 which are set out on pages
5t010.
Respective responsibilities of the Tnjstees and Examiner
The church's Iruslees are responsible ft)rlhe preparation of the ac￿unts. The church's trustees
Consider that an audit is not required for this year under section 144(21 of the Charities Act 2011
Ilhe 2011 Act} and that an indepenéent examination is needed.
11 is my responsibility to
Examine the accounts under section 145 of the 2011 Act..
12)
To follow the pro¢edyffts laid down in the General Directions given by the
Charity Commissionèrs s8¢tion 14515)Ibl of the 2011 Act. and
{3}
To stste whether particular matters have come to rny attenliDn.
Basis of Independent Examinerfs Ststement
My examination was carried out in accordan￿ with the General Directions gÈv@n by the Charity
Commission.
An examination includes a review of the accounting records kept by the charity and a cornparison
of the accounts presented with those records.11 also indudes consideration of any unusual items
or disclosures in the accounts, and seeking explanations from you as trustees conceming such
matters. The procedures undertaken do not provide all the evidence that would be required in an
audit and consequenfjy no opinion is given as to whether the accounts present a'true and fair
view, and the report is limited to those matters set out in the statement below.
Independent examinerfs statement
In connection wilh my examination, m matters have come to my attentton..
{1} which glves me reasonable cause to believe that in any material respect the requirements
to keep a￿UntIng records in accordance wkh section 130 of the 2011 Act.. and
to prepare accounts which accord with the accounting records and compty with the
accounting requirements of the 2011 Act have not bèen met., or
121 to which, in my opinion, attention should be drawn in order lo enable a proper understanding of the
accounts to be reached.
ohal
We
CV3
ds
17th March 2024
Page11