**Charity Registration Number**
**1142767**
**The Parochial Church Council of the Ecclesiastical Parish of All Saints, Evesham**
## **Unaudited Financial Statements**
**For the Year Ended 31 December 2023**
**The Parochial Church Council of the Ecclesiastical Parish of All Saints, Evesham**
## **Contents of the Financial Statements For the Year Ended 31 December 2023**
||**Page**|
|---|---|
|Report of the Trustees|1 - 6|
|Statement of Trustees' Responsibilities|7|
|Independent Examiner's Report|8|
|Statement of Financial Activities|9|
|Balance Sheet|10|
|Notes to the Financial Statements|11 - 27|
**The Parochial Church Council of the Ecclesiastical Parish of All Saints, Evesham**
## **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 the accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019).
## **Administrative Information**
The PCC is a body corporate (PCC Powers Measures 1956, Church Representation Rules 2006) and is a charity registered with the Charity Commission. The correspondence address and key contact details are given below.
Registered charity number (England & Wales): Registered office and Correspondence address:
Registered charity number (England & Wales): 1142767 Registered office and Correspondence address: Church House Market Place Evesham Worcestershire WR11 4RW Office telephone: 01386 442213 E-mail: office@evesham.church Web Site: Evesham.church Face Book: https://www.facebook.com/allsaintsevesham
Day to day management is delegated to the Parish Administrator, Katy Tarplee.
## **Members of the PCC (Who are also Trustees)**
Incumbent: Reverend Andrew Spurr Church Wardens: John Ellis Clive Greedy Deanery Synod Representatives: Karen Sumpter Members: (excluding ex officio) Carol Sheehan Rosie Grove John Liggitt Sara Greedy Amy Hall-Cook David Hall Lee Fisher Jayne Fleetwood Lay Chair of the Council: Clive Greedy Secretary: Sara Greedy Covenant Registrar: Carol Sheehan Disclosure and Barring Service (DBS) Registrar: Carol Sheehan Representatives to Churches Together: Rosie Grove Roberta Matthews
Lay Chair of the Council: Secretary: Covenant Registrar: Disclosure and Barring Service (DBS) Registrar: Representatives to Churches Together:
**1**
**The Parochial Church Council of the Ecclesiastical Parish of All Saints, Evesham**
## **Report of the Trustees**
## **For the Year Ended 31 December 2023 (continued)**
## **Members of the PCC (Continued)**
PCC members are appointed in accordance with the Church Representation Rules. The Incumbent, Church Wardens, Asum Lay Minister and Deanery Synod Representatives are ex-officio members of the PCC. Other members are elected at the Annual Parochial Church Meeting (APCM), or co-opted during the year.
## **Bankers, legal and other advisors:**
Bankers: CAF Bank Ltd 25 Kings Hill Avenue Kings Hill West Malling Kent ME19 4JQ Independent Examiner: Melissa Godwin ACA, ACCA The Richards Sandy Partnership Ltd Thorneloe House 25 Barbourne Road Worcester WR1 1RU Surveyor: Alan Simcox Nick Joyce Architects LLP 5 Barbourne Road Worcester WR1 1RS
## **Objects and Activities**
The primary object of all PCCs is the promotion of the Gospel of our Lord Jesus Christ, according to the doctrines and practices of the Church of England. The PCC has the responsibility of co-operating with the incumbent in promoting in the ecclesiastical parish of Evesham, All Saints with St Lawrence the whole mission of the Church, pastoral, evangelistic, social and ecumenical.
The PCC is committed to enabling as many people as possible to worship in All Saints and to become part of the parish community. Our services and worship put faith into practice through prayer and scripture, music and sacrament.
The PCC has complied with its duty under section 17(5) of the Charities Act 2011 to have due regard to guidance on public benefit, published by the Charity Commission.
The PCC is aware of its duty to have regard to House of Bishops’ guidance on safeguarding children and vulnerable adults. The PCC uses the ‘Safeguarding Toolkit’ provided in the diocese as a way of selfassessment to seek to ensure it fulfils that duty.
We try to enable people to live out their faith as part of our parish community through:
- Worship and prayer;
- Providing opportunities to engage with the Gospel;
- Contributing to the spiritual and moral education of children through the Junior Church;
- Practical expression of faith including pastoral care and missional outreach; and
- Provision of sacred spaces and church buildings.
To facilitate this work it is important that we maintain the fabric of the Church of All Saints and adjoining Church House.
**2**
## **The Parochial Church Council of the Ecclesiastical Parish of All Saints, Evesham Report of the Trustees For the Year Ended 31 December 2023 (continued)**
## **Structure, Governance and Management**
In 2023 the PCC worked through the following committees:
## Standing Committee
The only committee required by law. It has the power to transact the business of the PCC between its meetings, subject to any directions given by the Council. This committee comprises the Incumbent, the Churchwardens, the Treasurer and the Chair of the Finance Committee. The chair of this committee is the Reverend Andrew Spurr.
## Liturgy and Mission Committee
Responsible for formulating mission policy for the PCC and for co-ordinating the working of the church’s mission in appropriate liturgy. The chair of this committee is the Reverend Andrew Spurr.
## Fabric Committee
Responsible for managing the repair and upkeep of the properties for which the PCC is responsible. The chair of this committee is John Inwood.
## Finance Committee
Responsible for overseeing the finances of the PCC. The chair of this committee
## **Financial Review**
The total of unrestricted voluntary giving has increased this year to £42,054 compared to £37,679 in 2022. As illustrated in the table below, the number of regular givers has decreased by 1, but the average giving has increased by 13.3%. There has been a pleasing increase in regular givers moving to the Parish Giving Scheme and as a result our Gift Aid receipts from regular givers have increased from £4,921 to £5,485.
|Year|Regular
Giving (with
Gift Aid)|Regular
Giving (no
Gift Aid)|Total
Numbers|Total Regular
Giving|Average
Giving|
|---|---|---|---|---|---|
|2019|29|9|38|24,262|638|
|2020|27|5|32|19,241|601|
|2021|24|7|31|20,471|660|
|2022|30|2|32|20,163|630|
|2023|28|3|31|22,142|714|
The “Goodbox”, has generated receipts of £2,567 (2022: £1,773) during the year. Again, the increased figure reflects the increased footfall of visitors to the church with a marked peak in holiday times.
Again, we have benefitted from the valuable support from John Martin’s Charity where we have received £24,891 in 2023 (£15,578 in 2022).
We have not received any legacies in 2023 (2022: £nil)
Unrestricted income from activities for generating funds has shown a marked increase in 2023, from £7,311 in 2022 to £15,668 in 2023. Much of this increase is as a result of increased hiring of the church and Church House and by a considerable amount of hard work from the Fund Raising team.
Our financial investment income has dropped further from £2,000 to £868. This reflects our continued drawing from our financial investments to cover everyday costs.
**3**
**The Parochial Church Council of the Ecclesiastical Parish of All Saints, Evesham**
## **Report of the Trustees**
## **For the Year Ended 31 December 2023 (continued)**
The income from our property investments increased from £22,816 in 2022 to £22,850 in 2023. The income from both of these properties continues to be a valuable contribution to our operating expenditure.
Our income from fees charged for wedding and funerals has decreased to £1,844 (2022 £3,922) due to decreased activity in weddings and funerals.
There has been a further decrease in the income from the Parish Magazine, and an increase in costs. The net cost to produce and distribute the magazine is now £690 (2022 - £328).
Investment management costs have decreased from £3,834 in 2022 to £2,745 in 2023.
Donations and Grants for our Food Bank have increased substantially from £9,331 in 2022 to £27,289 in 2023. The costs of providing goods for the Food Bank have increased from £8,051 to £14,322. This reflects the ever increasing demand for this service.
During 2023 there were a total of 2,910 food parcels given out. This compares to 1,841 in 2022. All foodbank funds have been reclassified as restricted following increased donations for this specific purpose.
Ministry expenses have decreased to £1,314 (2022: £1,496).
There has been a small decrease in our insurance premiums. The total premium for 2023 was £6,765 (2022: underlying premium of £6,826).
The costs of Electricity and Gas have increased substantially from £14,661 in 2022 to £25,072 in 2023. This reflects the increases in Gas and Electricity prices.
There has been an increase of £886 in the overall cost of maintaining and cleaning our buildings during the year.
Our Ministry Share for 2023 has increased from £31,265 in 2022 to £35,229. We continue to receive a grant, but this will be reduced each year.. The amount due for 2024 is £50,001 and we have applied for a grant of £10,307.
The Statement of Financial Activities (SOFA) shows that the PCC continues to have net unrestricted expenses exceeding income. In 2023, this amounted to £37,736 compared with £29,564 in 2022.
The trustees have reviewed the appropriate risks to the charity and recognise that loss of funding and voluntary income is a substantial risk facing the charity given the continuing deficits year on year. They believe that a minimum of 12 months expenditure at current levels should be retained to ensure that the charity is able to continue its operations for a year should funding and donations become difficult to obtain. Total unrestricted expenditure for the year amounted to £145,933 and with current free reserves of £1,128 we have less than one month’s cover (2022: 3.6 months). The trustees therefore confirm that the reserves policy of holding at least 12 months expenditure has not been met and will continue to work to ensure that the retained earnings remains above this level in the future.
**4**
**The Parochial Church Council of the Ecclesiastical Parish of All Saints, Evesham**
## **Report of the Trustees**
## **For the Year Ended 31 December 2023 (continued)**
It is essential that we continue to review both the raising of income and the reduction of our costs without reducing the level of mission that we currently undertake. To this end, the PCC have planned a number of Fund Raising Activities for 2024. In addition, the possibility of the disposal of the investment properties must be considered.
## **Five Year Review**
|**Giving, activities and other**
Voluntary income (giving)
Generating funds
Other income
**Income giving/activities**
**Resources expended**
Parish share
Other expenses
**Total resources expended**
**Net incoming/(outgoing) before investment income**
**Investment income**
**Net incoming/(outgoing) before grants and legacies**
**Grants and legacies**
Grant income
Legacies and memorials
**Net incoming/(outgoing) resources**|**2019**
**2020**
**2021**
**2022**
**2023**
**£**
**£**
**£**
**£**
**£**
39,629
40,571
49,276
47,650
58,585
14,721
7,480
5,070
7,311
15,668
3,832
1,735
2,209
3,922
1,844|
|---|---|
||**58,182**
**49,786**
**56,555**
**58,883**
**76,097**|
||30,652
31,265
31,265
31,265
35,229
99,889
92,094
91,665
117,054
132,096|
||**130,541**
**123,359**
**122,930**
**148,319**
**167,325**|
||**(72,359)**
**(73,573)**
**(66,375)**
(89,436)
(91,228)
25,659
24,659
21,659
26,655
25,643|
||**(46,700)**
**(48,914)**
**(44,716)**
**(62,781)**
**(65,585)**
20,318
19,265
17,498
19,625
36,404
200
2,000
-
-
-|
||**(26,182)**
**(27,649)**
**(27,218)**
**(43,156)**
**(29,181)**|
## **Designated Funds**
The PCC has designated the following funds: Mission and Liturgy Reserve and Fabric Reserve. The policy on designated reserves is reviewed annually by the PCC. The analysis of designated funds includes reconciliations back to the headings in the main financial statements. Where items have not been assigned to a fund (notably fixed assets and the creditor for parish share) these are reconciling items.
## **Mission and Liturgy Fund**
The Mission and Liturgy Fund is intended to provide funds to support the work of the PCC in promoting the whole mission of the church (pastoral, evangelistic, social and ecumenical) in the ecclesiastical parish of Evesham, All Saints and St Lawrence. The residential investment property, previously the curate’s house, has been allocated to this fund. Rental income from this property is used to maintain this asset and to support mission and liturgy work. Any excess of income over expenditure is transferred to the General Fund.
The fund had income of £11,916 (2022 £11,401) and expenses of £11,933 (2022 £12,596) resulting in a deficit of £17 which was transferred from the General Fund. The balance at the end of the year was £237,000 (2022 £230,000) representing the value of the residential rental property.
## **Fabric Fund**
The Fabric Fund is intended to provide funds to support the PCC in maintenance responsibilities for All Saints Church, Church House and the Bell Tower. As might be expected of buildings of their age, and despite regular maintenance, substantial liabilities arise from time to time regarding the fabric of these buildings.
5
## **The Parochial Church Council of the Ecclesiastical Parish of All Saints, Evesham**
## **Report of the Trustees**
## **For the Year Ended 31 December 2023 (continued)**
The existing investments, built up over many years through goodwill and generosity of the parishioners, have been assigned to the maintenance and upkeep of the church buildings. These investments help ensure adequate realised income to fund expected repairs, running costs and capital improvements. Unrealised gains are retained in the assets to help ensure an adequate future asset base. Any surplus of realised income over expected expense is transferred to the General Reserve.
This fund had income of £13,440 (2022: £12,025) and expenditure of £35,758 (2022: £30,304). A transfer of £22,318 was made from the General Fund. After revaluation and disposal gains resulting in a surplus of £2,685 (2022 loss of £8,779) the balance on this fund at 31 December 2023 was £281,306 (2022 £278,621), representing investment assets and cash.
## **General Unrestricted Fund**
All other accounts (assets, liabilities, income and expenses) have been allocated to the General Fund. The General Fund is maintained to cover any short-term excess of expenditure over income, unforeseen rises in expenditure and other financial contingency, and to provide adequate working capital so that the operations of the PCC can be maintained at such times. Parish share is paid out of General Reserve. It is the policy of the PCC to hold a balance on the General Reserve equivalent to twelve months expected general expenditure (that is, expenditure not relating to mission, liturgy or fabric expenses and excluding parish share).
The fund had income of £82,841 (2022 £69,960) and expenses of £98,242 (2022 £80,051) including ministry share of £35,229 (2022 £31,265). After transfers to designated funds the balance on this reserve was a deficit of £39,533 (2022 £1,797).
## **Financial Review Summary**
The statement of financial activities (SOFA) shows that unrestricted incoming resources amount to £108,197 (2022 £93,386). Unrestricted resources expended amounted to £145,933 (2022 £122,951) and net outgoing resources were therefore £37,736 (2022 £29,564). The principal funding sources are voluntary donations from congregation and investment income from CBF investment accounts. Restricted incoming resources were £29,947 (2022 £11,776) and expenses £21,391 (2022 £25,368) leading to net restricted surplus of £8,556 (2022 deficit £13,592). The principal funding sources are voluntary giving and investment income.
**6**
**The Parochial Church Council of the Ecclesiastical Parish of All Saints, Evesham Report of the Trustees For the year ended 31 December 2023** (Continued)
## **Statement of Trustees’ Responsibilities**
The trustees are responsible for preparing the Trustees’ Annual Report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).
The law applicable to charities in England and Wales requires the trustees to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the charity and of the incoming resources and application of resources of the charity for that period. In preparing these financial statements, the trustees are required to:
- (a) select suitable accounting policies and then apply them consistently;
- (b) observe the methods and principles in the Charities SORP 2019 (FRS 102);
- (c) make judgements and estimates that are reasonable and prudent;
- (d) state whether applicable accounting standards have been followed, subject to any material departures disclosed and explained in the financial statements;
- (d) prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charity will continue in operation.
The trustees are responsible for keeping proper accounting records which disclose with reasonable accuracy at any time the financial position of the charity and to enable them to ensure that the financial statements comply with the Charities Act 2011, the Charities (Accounts and Reports) Regulations 2008 and the provisions of the trust deed. They are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud or other irregularities.
The trustees are responsible for the maintenance and integrity of the charity and financial information included on the charity’s website. Legislation in the United Kingdom governing the preparation and dissemination of financial statements may differ from legislation in other jurisdictions.
Approved by the Parochial Church Council on April 2024 and signed on its behalf by:
Revd Andrew Spurr
**7**
**Independent Examiner's Report to the Trustees of**
## **The Parochial Church Council of the Ecclesiastical Parish of All Saints, Evesham**
I report to the members on my examination of the accounts of the PCC for the year ended 31 December 2023 which are set out on pages 9 to 27.
## **Responsibilities and basis of report**
As the charities members 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 charity’s accounts carried out under section 145 of the Act and in carrying out my examination I have followed all the applicable Directions given by the Charity Commission under section 145(5)(b) of the Act.
## **Independent examiner’s statement**
I have completed my examination. I confirm that no material matters have come to my attention in connection with the examination giving me cause to believe that in any material respect:
1. accounting records were not kept in respect of the charity 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.
Melissa Godwin ACA, ACCA The Richard Sandy Partnership Ltd Chartered Certified Accountants Thorneloe House 25 Barbourne Road Worcester WR1 1RU
**8**
## **The Parochial Church Council of The Ecclesiastical Parish Of All Saints, Evesham Statement of Financial Activities for the year ended 31st December 2023**
|**Incoming resources**
Incoming resources from generated funds
Voluntary income (giving)
Voluntary income (grants)
Voluntary income (legacies)
Activities for generating funds
Investment income
Incoming resources from church activities
_Total incoming resources_
**Resource expended**
Costs of generating funds
Costs of generating voluntary income
Investment management costs
Church activities
Parish share
Governance costs
_Total resources expended_
**_Net outgoing resources_**
**Other recognised gains/losses**
Gain on revaluation of investment properties
Realised gain on sale of investments
Unrealised gain on revaluation of investments
**Net movement in funds**
**Reconciliation of Funds**
B/Fwd Balance
**C/Fwd Balance**|**Unrestricted**
**Restricted**
**YTD**
**YTD**
**Funds**
**Funds**
**Funds**
**Funds**
**2023**
**2022**
**£**
**£**
**£**
**£**
42,054
16,532
58,585
47,650
24,891
11,513
36,404
19,625
-
-
-
-
15,668
-
15,668
7,311
23,740
1,902
25,643
26,655
1,844
-
1,844
3,922|
|---|---|
||108,197
29,947
138,144
105,163|
||1,082
-
1,082
1,394
2,745
-
2,745
3,834
105,368
21,391
126,759
110,354
35,229
-
35,229
31,265
1,510
-
1,510
1,472|
||145,933
21,391
167,325
148,319|
||**(37,736)**
**8,556**
**(29,181)**
**(43,156)**|
||7,000
-
7,000
30,000
6
14
20
1,830
2,679
5,710
8,389
(18,537)|
||**(28,051)**
**14,279**
**(13,772)**
**(29,863)**
506,824
109,978
616,802
646,665|
||**478,773**
**124,257**
**603,031**
**616,802**|
**9**
## **The Parochial Church Council of The Ecclesiastical Parish Of All Saints, Evesham Balance Sheet as at 31st December 2023**
|**Fixed assets**
Tangible fixed assets
Investment properties
Investments
**Current assets**
Debtors and prepayments
Prepayments
Income tax recoverable
Debtors
Cash at bank and in hand
Interfund Loan
**Liabilities:**amounts falling due within one year
Creditors
Accruals for utilities
Parish share
**Net current assets/(liabilities)**
**Total net assets**
**Funds**|**Unrestricted**
**Restricted**
**funds**
**funds**
**2023**
**2022**
**£**
**£**
**£**
**£**
78,145
30,599
108,744
115,864
399,500
-
399,500
392,500
30,514
65,043
95,558
92,149|
|---|---|
||508,159
95,642
603,802
600,513|
||1,184
-
1,184
1,641
5,368
-
5,368
11,970
376
-
376
639
-
18,812
18,812
15,632
(9,803)
9,803
-
-|
||(2,875)
28,615
25,740
29,882|
||8,688
-
8,688
8,291
6,079
-
6,079
5,300
11,743
-
11,743
-|
||26,511
-
26,511
13,591|
||(29,386)
28,615
(771)
16,291|
||**478,773**
**124,257**
**603,031**
**616,802**|
||**478,773**
**124,257**
**603,031**
**616,802**|
**Approved by the PCC on the April 2023 and signed on their behalf by:**
**Reverend Andrew Spurr John Ellis Chairman of the PCC Church Warden**
**The notes on pages 11 to 27 form part of these accounts**
**10**
**The Parochial Church Council of the Ecclesiastical Parish of All Saints, Evesham**
## **Notes to the accounts**
## **for the year ended 31 December 2023**
## **1. Accounting policies**
The financial statements have been prepared under the Church Accounting Regulations 2006 in accordance with the Charities SORP (FRS102) ‘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 (FRS102) (effective 1 January 2019)’ and the Charities Act 2011. The Charity is a public benefit entity under FRS 102.
The financial statements have been prepared under the historical cost convention with the exception of investments which are included at fair value, as modified by the revaluation of certain assets.
The significant accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all years presented unless otherwise stated.
The accounts are prepared in sterling, which is the functional currency of the charity. Monetary amounts in these statements are rounded to the nearest pound.
The financial statements include all transactions, assets and liabilities for which the PCC is responsible in law. They do not include the accounts of church groups that owe their main affiliation to another body, nor those that are informal gatherings of church members.
## **Incoming resources**
All incoming resources are included in the Statement of Financial Activities when the charity becomes legally entitled to the income and the amount can be quantified with reasonable accuracy.
## **Donated facilities and volunteer services**
Donated facilities are included at the value to the charity where this can be quantified and a third party is bearing the cost. No amounts are included in the financial statements for services donated by volunteers.
## **Income from donations and grants**
Income from donations and grants, including capital grants, are included in incoming resources when receivable (i.e. when the PCC is legally entitled to the amounts due) with the following exceptions:
- (a) when donors specify that donations and grants given to the charity must be used in future accounting periods, the income is deferred until those periods.
- (b) when donors impose conditions which have to be fulfilled before the charity becomes entitled to use such income, the income is deferred and not included in incoming resources until the preconditions for use have been met.
When donors specify that donations and grants, including capital grants, are for particular restricted purposes, which do not amount to preconditions regarding entitlement, this income is included in incoming resources of restricted funds when receivable.
## **Voluntary income**
Collections are recognised when received by or received on behalf of the PCC. Planned giving receivable under Gift Aid is recognised when received.
Income tax recoverable on Gift Aid donations is recognised when the income is recognised.
Income tax recoverable under the Gift Aid Small Donations Scheme (GASDS), introduced on 6th April 2013, is recognised based on donations received to date.
Legacies to the PCC are recognised when the PCC is legally entitled to the amounts due.
**11**
## **The Parochial Church Council of the Ecclesiastical Parish of All Saints, Evesham**
## **Notes to the accounts**
**for the year ended 31 December 2023** (Continued)
Amounts received specifically for mission or for other charities are dealt with as restricted funds.
## **Income from investments**
Dividends and interest are recognised when the charity is entitled to receipt.
## **Gains and losses on investments**
Realised gains or losses are recognised when investments are sold. Unrealised gains or losses are recognised on the valuation to fair value of those investments.
## **Government Grants**
The Charities SORP states that where the conditions attached to a grant are within the charity's control and there is sufficient evidence those conditions may be met, then the incoming resources should be recognised as incoming resource. Where uncertainty exists as to whether the charity can meet conditions within its control, the grant should be deferred as a liability until certainty exists that the conditions imposed can be met.
## **Other income**
Sales of books and guides, funds raised by events, parochial fees receivable and other income are recognised when received. All incoming resources are accounted for gross.
## **Resources expended**
All expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all costs related to that 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.
Grants and donations are accounted for when paid, or when awarded if that award creates a binding obligation on the PCC.
Parish share is accounted for when due. Any parish share unpaid at 31 December is provided for in these financial statements as an operational and moral (though not a legal) liability and is shown as a creditor in the Balance Sheet. Governance costs relate to the cost of the independent examination of the accounts. All other expenditure is recognised when incurred and is accounted for gross.
## **Fixed assets**
## **Consecrated and benefice property and repair of such property**
Consecrated and benefice property is not included in the accounts in accordance with s.10(2)(a) of the Charities Act (2011). All expenditure incurred during the year on consecrated or benefice buildings or on repair of moveable church furnishings is recognised as an expense.
Moveable church furnishings held by the vicar and churchwardens on special trust for the PCC, and which require a faculty for disposal, are accounted as inalienable property unless consecrated. These assets are listed in the church's inventory which can be inspected at any reasonable time. These assets are not valued as there is insufficient reliable cost information relating to such inalienable property and conventional valuation approaches lack sufficient reliability.
## **Functional fixed assets**
Fixed assets other than investment assets and investment properties are not revalued. There is insufficient information available for assets acquired prior to 2002 and therefore such assets are not valued in the financial statements. All such expenditure has been written off when incurred.
Following FRS102 the cost of the land of the Church House extension is not depreciated.
FRS102 states that where an asset comprises a number of different components with differing life spans, then each component should be depreciated over its individual life span. The Church House extension comprises a number of different components (roof, structure, kitchen, etc). The historic cost of these individual components is not available while the total historic cost is known.
**12**
**The Parochial Church Council of the Ecclesiastical Parish of All Saints, Evesham**
## **Notes to the accounts**
## **for the year ended 31 December 2023** (Continued)
Indicative allocation figures have been sourced with respect to housing from the National Housing Federation (NHF) (in conjunction with valuers Savills). While the Church House extension is clearly not a residential dwelling, the property is considered to be sufficiently comparable for these figures to be adopted as the basis for a reasonable allocation and the development of appropriate policies by the PCC. These policies have been reviewed and amended following professional guidance.
Church House comprises a number of different components each of which is depreciated on a straight-line basis with the following estimated useful economic lives:
Structure - 150 years Roof - 80 years Electrics - 25 years Windows & doors - 30 years Electrical heating - 30 years Bathrooms - 40 years Kitchen units - 25 years Church Chairs – 10 years
The useful economic life of selected components of the Church House extension exceeds 50 years. As per FRS102 these assets are subject to an annual impairment review performed either by the treasurer or by the Finance Committee. The heating system used within the church is depreciated on a straight line basis over an estimated life of 25 years. This policy has been revised with the asset life being extended from 10 years to 25 years reflecting professional opinion following the servicing of the boiler in 2012.
The church lighting scheme is depreciated on a straight line basis at 10% per annum (estimated life of 10 years). This scheme became operational in December 2008.
The heating system used in Church House is depreciated on a straight line basis at 10% per annum (estimated life of 10 years). This system became operational in December 2008.
Individual items of equipment with a purchase price of £500 or less are written off when acquired.
## **Investment assets**
Investments are valued at fair value at 31 December. Unrealised gains or losses on revaluation are credited or debited to the fund to which they relate. Investment properties are valued at the trustee's best estimate of fair value. As the lease on the residential investment property is relatively short, this property is valued at comparable average property prices in a reasonable market. The valuation is based on a set of valuations, recent house sales of comparable local properties and Halifax house price inflation. Unrealised gains or losses on revaluation are credited or debited to the fund to which they relate.
## **Liabilities**
Liabilities are included in the accounts as soon as recognised. Where a government grant has been received, but the related expenditure has not been incurred, then that grant is recognised as a creditor. Please note that such grants are repayable to the relevant grant-making body if the conditions of use are not met.
## **Provision for Liabilities and Charges**
In line with SORP where the PCC has earmarked part of its unrestricted funds for a particular future purpose, this intention to expend funds in the future is not recognised as a provision for a liability in the accounts.
**13**
**The Parochial Church Council of the Ecclesiastical Parish of All Saints, Evesham**
## **Notes to the accounts**
## **for the year ended 31 December 2023** (Continued)
## **Taxation**
The Charity has charitable status and is thus exempt from taxation of its income and gains falling within Section 505 of the Taxes Act 1988 or Section 256 of the Taxation of Chargeable Gains Act 1992 to the extent that they are applied to its charitable objectives.
## **Funds**
Reserves are held in order to support and advance the responsibilities of the PCC.
## **Restricted Funds**
Restricted funds represent:
- (a) income from trusts or endowments which may be expended only on those restricted objects provided in the terms of the trust or bequest; and
- (b) donations or grants received for a specific object or invited by the PCC for a specific object.
The funds may only be expended on the specific object for which they were given. Any balances remaining unspent at the end of each year must be carried forward as a balance on that fund. The PCC does not usually invest separately for each fund. Where there is no separate investment, interest is apportioned to individual funds on an average balance basis.
The PCC endeavours to ensure that costs which can be properly attributed to restricted funds are charged to those funds. Note 3 details the basis and movement of restricted funds.
## **Unrestricted funds**
Unrestricted funds are general funds which can be used for PCC ordinary purposes. Funds designated for a particular purpose by the PCC are also unrestricted. Note 3 details the funds designated by the PCC (and where applicable detailing the reserve to be maintained) and transfers between funds.
## **Transfers between designated funds**
Any deficit on the Mission & Liturgy Fund is met by transferring surplus amounts from the General Fund.
Any surplus of realised income over expected expense is transferred to the General Fund, and any deficit is addressed by a transfer from the General Fund.
The policy of the PCC is to hold a balance on the General Fund equivalent to twelve months expected general expenditure.
## **Financial instruments**
The charity has elected to apply the provisions of Section 11 'Basic Financial Instruments' and Section 12 'Other Financial Instruments Issues' of FRS 102 to all of its financial instruments.
Financial instruments are recognised when the charity becomes party to contractual provisions of the instrument.
Financial assets are offset, with the net amounts presented in the accounts where there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.
## **Cash at bank and in hand**
Cash at bank and in hand includes both cash and cash equivalents (being short term highly liquid investments that are readily convertible to known amounts of cash and that are subject to an insignificant risk of changes in value).
14
**The Parochial Church Council of the Ecclesiastical Parish of All Saints, Evesham**
## **Notes to the accounts**
## **for the year ended 31 December 2023 (Continued)**
## **Basic financial assets**
Basic financial assets, which include trade and other receivables and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest.
## **Basic financial liabilities**
Basic financial liabilities, including trade and other payables, are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of future receipts, discounted at a market rate of interest. Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.
Trade payables are obligations to pay for goods or services that have been acquired in the ordinary course of the operations from suppliers. Accounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade payables are recognised initially at transaction cost.
**15**
## **The Parochial Church Council of The Ecclesiastical Parish Of All Saints, Evesham Notes to the accounts**
**for the year ended 31st December 2023**
## **Note 2 INCOMING RESOURCES**
|**Voluntary income (giving)**
Planned giving:
Gift Aid donations
PGS Scheme
Income tax recoverable
Gift Aid Small Donations Scheme
Collections at all services
Other donations
Fabric box
Goodbox
Junior Church income
Job Retention Scheme Grant
**Voluntary income (grants)**
John Martin's Charity
Worcester Diocese (Heat & Light)
**Voluntary income (legacies)**
Legacies
**Activities for generating funds**
Parish magazine sales
Parish magazine advertising
Sale of parish guides and books
Social events (including fête)
Hire of Church and Church House
Other income
**Investment income**
Income from investments
Interest on deposits
Commercial investment property
Residential investment property
**Income from church activities**
Fees
**Total incoming resources**|**Designated**
**Unrestricted**
**Mission &**
**General**
**Liturgy**
**Fabric**
**Fund**
**Fund**
**Fund**
**£**
**£**
**£**
11,679
10,463
5,485
1,923
6,834
770
1,472
2,567
860
-
41,194
860
-
24,891
24,891
-
-
-
-
147
59
251
2,776
6,588
4,408
1,440
14,023
206
1,440
**-**
868
-
22
12,000
10,850
890
10,850
12,000
1,844
82,841
11,916
13,440|**YTD**
**2023**
**£**
11,679
10,463
5,485
1,923
6,834
770
1,472
2,567
860
-
42,054
24,891
-
24,891
-
147
59
251
2,776
6,588
5,847
15,668
868
22
12,000
10,850
23,740
1,844
108,197|**YTD**
**2022**
**£**
11,444
8,719
4,921
2,012
6,188
817
1,805
1,773
-
-|
|---|---|---|---|
||||37,679|
||||15,578
4,047|
||||19,625|
||||-|
||||136
449
57
715
5,051
903|
||||7,311|
||||2,000
33
12,000
10,816|
||||24,850|
||||3,922|
||||93,386|
**16**
## **The Parochial Church Council of The Ecclesiastical Parish Of All Saints, Evesham Notes to the accounts**
**for the year ended 31st December 2023**
## **Note 3 RESOURCES EXPENDED**
|**Designated**
**Unrestricted**
**Mission &**
**General**
**Liturgy**
**Fabric**
**Fund**
**Fund**
**Fund**
**£**
**£**
**£**
**Fundraising costs**
Cost of magazine
896
Cost of social events
186
-
1,082
-
**Investment management costs**
Rent collection for residential investment property
1,302
Property repairs of investment property
1,443
-
-
2,745
-
**Church activities**
Missionary and charitable giving:
Overseas
Home
-
Ministry:
Ministry / clergy expenses
323
Cost of services
991
Fabric costs
-
Insurance
1,683
5,082
Electricity and gas
15,764
9,308
Rent of Church House
1,800
Water Rates
157
157
Caretaking, cleaning wages and materials
3,431
11,122
Building maintenance
8,856
Surveyors fees
-
Depreciation
1,887
-
Music costs:
Organists salary, organ and music costs
5,646
1,081
Sound system repairs and maintenance
151
Support costs:
Office and secretarial expenses
23,835
Treasurer Fees
3,600
Cost of computer, printing, stationery, etc.
3,182
Photocopying costs
1,801
Other costs:
Safeguarding/DBS
90
Junior Church
1,147
Sundry expenses
4,275
-
61,503
8,106
35,758
**Parish share**
Parish share
35,229
**Governance costs**
Independent examiner's fees
1,510
**Total resources expended**
98,242
11,933
35,758|**YTD**
**2023**
**£**
896
186
1,082
1,302
1,443
2,745
-
-
323
991
-
6,765
25,072
1,800
314
14,553
8,856
-
1,887
6,728
151
23,835
3,600
3,182
1,801
90
1,147
4,275
105,368
35,229
1,510
145,933|**YTD**
**2022**
**£**
913
481|
|---|---|---|
|||1,394|
|||1,423
2,411|
|||3,834|
|||-
-
489
1,007
-
7,527
14,661
1,800
143
13,667
8,572
-
1,921
6,326
42
18,524
3,600
2,302
2,140
584
1,679|
|||84,985|
|||31,265|
|||1,472|
|||122,951|
**17**
**The Parochial Church Council of The Ecclesiastical Parish Of All Saints, Evesham Notes to the accounts**
**for the year ended 31 December 2023**
## **4 RESOURCES, TRANSFERS AND ANALYSIS OF ASSETS**
|Total unrestricted incoming resources (Note 2)
Total unrestricted resources expended (Note 3)
**Net incoming/(outgoing) resources before transfers**
Transfers between funds
**Net incoming/(outgoing) resources after transfers**
Other recognised gains/(losses)
Gain/(loss) on revaluation of investment property
Gain/(loss) on revaluation of investments
Realised gain/(loss) on sale of investments
**Net movement in funds**|**Unrestricted**
**Funds**
**General**
**Mission &**
**Liturgy**
**Fabric**
**2023**
**2022**
**£**
**£**
**£**
**£**
**£**
82,841
11,916
13,440
108,197
93,386
(98,242)
(11,933)
(35,758)
(145,933)
(122,951)
**Designated Funds**|**Unrestricted**
**Funds**
**General**
**Mission &**
**Liturgy**
**Fabric**
**2023**
**2022**
**£**
**£**
**£**
**£**
**£**
82,841
11,916
13,440
108,197
93,386
(98,242)
(11,933)
(35,758)
(145,933)
(122,951)
**Designated Funds**|
|---|---|---|
||**(15,401)**
**(17)**
**(22,318)**
**(37,736)**
**(29,565)**
(22,335)
17
22,318
-
-||
||**(37,736)**
**-**
-
7,000
-
-
-
-|**-**
**(37,736)**
**(29,565)**
-
7,000
30,000
2,679
2,679
(9,741)
6
6
962|
||(37,736)
7,000|2,685
(28,051)
(8,344)|
|Balance at 1 January 2023
**Balance at 31 December 2023**
**Analysis of Assets**
Tangible fixed assets (at Net Book Value)
Land of Church House extension
Church House extension structure
Church House extension roof
Church House extension fittings
Church House extensionelectrical heating
Church House extension bathroom
Church House extension kitchen
Investment properties
Commercial investment property
Residential investment property
Investments
Debtors and prepayments
Prepayments
Income tax recoverable
Debtors
Cash at bank and in hand
Interfund Loan
Creditors
Accruals for utilities
Creditor for Parish Share|(1,797)
230,000|
278,621
506,824
515,168|
||**(39,533)**
**237,000**|
**281,306**
**478,773**
**506,824**|
||15,000
-
33,126
-
1,966
-
-
-
-
-
359
-
27,694
-|-
15,000
15,000
-
33,126
33,405
-
1,966
2,005
-
-
-
-
-
12
-
359
398
-
27,694
29,211|
||78,145
-|-
78,145
80,031|
||-
-
-
237,000
-
-
1,184
-
5,368
-
376
-
(99,031)
-
(8,688)
-
(5,143)
-
(11,743)
-|162,500
162,500
162,500
-
237,000
230,000
30,514
30,514
29,426
-
1,184
1,641
-
5,368
11,970
-
376
639
89,228
(9,803)
5,144
-
(8,688)
(8,291)
(936)
(6,079)
(6,236)
-
(11,743)
-|
||**(39,533)**
**237,000**|
**281,306**
**478,773**
**506,824**|
**18**
**The Parochial Church Council of the Ecclesiastical Parish of All Saints, Evesham**
## **Notes to the accounts**
## **for the year ended 31 December 2023**
## **5 DESIGNATED FUNDS**
## **Mission & Liturgy Fund**
The designated Mission & Liturgy Fund is used to support the work of the PCC in promoting the whole mission of the Church (pastoral, evangelistic, social and ecumenical) in the ecclesiastical parish of All Saints, Evesham, with St. Lawrence.
The residential investment property, the old curate's house, has been allocated to this fund. Rental income from this property is used to maintain this asset and also to support mission and liturgy work. Any excess of income over expenditure is transferred to the General Fund. Any deficit on the Mission & Liturgy Fund is met by transferring surplus amounts from the General Fund.
An amount of £17 was transferred from the unrestricted General Fund to the designated Mission & Liturgy Fund according to PCC policy.
## **Fabric Fund**
The designated Fabric Fund is intended to support the PCC in its maintenance responsibilities for All Saints' Church and the Bell Tower.
As might be expected of buildings of their age, and despite regular maintenance, substantial liabilities arise from time to time regarding the fabric of these buildings. The existing investments, built up over many years through the goodwill and generosity of parishioners, have been assigned to the maintenance and upkeep of the church buildings. These investments help ensure adequate realised income to fund expected repairs, running costs and capital improvements. Unrealised gains are retained in the assets to ensure an adequate future asset base. Any surplus of realised income over expected expense is transferred to the General Fund, and any deficit is addressed by a transfer from the General Fund.
An amount of £22,318 was transferred from the unrestricted General Fund to the designated Mission & Liturgy Fund according to PCC policy.
## **General Fund**
All other accounts (assets, liabilities, income and expense) have been allocated to the General Reserve. This fund is maintained to cover any short-term excesses of expenditure over income, unforeseen rises in expenditure and other financial contingency, and to provide adequate working capital so that the operations of the PCC can be maintained at such times. Parish share is paid out of the General Fund. It is the policy of the PCC to hold a balance on the General Fund equivalent to twelve months expected general expenditure.
General activity this last year resulted in a net expenditure of £37,185, while the balance on this fund is £(38,982).
**19**
**The Parochial Church Council of The Ecclesiastical Parish Of All Saints, Evesham for the year ended 31st December 2023**
**6 RESTRICTED FUNDS**
|**Incoming resources**
Voluntary income - giving
Grants from Wychavon District Council
Investment income
**Total incoming resources**
**Resources expended**
Church Activities
Missionary and charitable giving:
Overseas
Home
Fabric costs
Bank Charges
Depreciation
**Total resources expended**
**Net incoming resources being**
**net movements in funds**
**Other recognised gains/(losses)**
Unrealised gain/(loss) on revaluation of invest
Realised Gain on disposal of investments
**Net movement in funds**
Balances at 1st January
**Balances at 30th November**
**Analysis of Assets**|**Restricted**
**Restricted**
**Restricted**
**Restricted**
**Restricted**
**Restricted**
**Bell Tower**
**Restoration**
**Collections**
**Carillon**
**Food Bank AW Education**
**Fund**
**Fund**
**Fund**
**Fund**
**Fund**
**Fund**
**£**
**£**
**£**
**£**
**£**
**£**
756
15,776
11,513
49
1,851
2
49
1,851
756
2
27,289
-
-
717
14,332
1,096
10
3
5,233
1,099
5,243
717
-
14,332
-
(1,050)
(3,392)
38
2
12,957
-
ments
5,710
14
(1,050)
2,332
38
2
12,957
-
1,222
102,454
488
132
4,852
830
172
104,786
526
134
17,809
830|**YTD**
**Restricted**
**Funds**
**2023**
**£**
16,532
11,513
1,902
29,947
-
-
15,050
1,106
3
5,233
21,391
8,556
5,710
14
14,279
109,978
124,257|**YTD**
**Restricted**
**Funds**
**2022**
**£**
6,683
3,288
1,806|
|---|---|---|---|
||||11,776|
||||-
27
19,795
465
5
5,076|
||||25,368|
||||(13,592)
(8,795)
868|
||||(21,519)
131,497|
||||109,978|
|||||
|Tangible Assets|30,599|30,599|35,832|
|Deposits
Cash at hand and in bank
Investments
**Balances at 30th November**|-
-
-
-
-
172
9,144
526
134
17,809
830
-
65,043
-
-
-
172
104,786
526
134
17,809
830|-
28,615
65,043
124,257|-
11,423
62,723|
||||109,978|
## **Sources of Restricted Funds**
The ‘Bell Tower’ fund contains the balance of grants and donations given to help pay for the conservation and maintenance of the Bell Tower. Interest on these monies are retained in this fund.
The fund had an income of £49 in the year and expenditure of £1,099. The balance on the fund at the year-end was £172.
The ‘Restoration’ Fund arises from a generous legacy given by Miss Sylvia Martin for church restoration in memory of her mother Mrs Cecilia Martin whose remains are interred here. The executrix of the estate wrote to the PCC in 2014 providing examples of appropriate possible expenses; including repairing the roof, rewiring the lighting system, or repairing the sound loop. The executrix commented: “I am quite sure that now – from a better place – Sylvia would approve whatever practical or even beautifying use was made of her money, provided that the work carried out could be ascribed by, say, a small plaque on the wall – as being in grateful memory of Cecilia Martin, who worshipped in this church, and her birth and death dates.” The PCC considers the “Restoration” fund to apply to both All Saints’ Church and the Bell Tower.
The fund had an income of £1,851 from investments and costs of £10 plus a depreciation charge of £5,233. The balance on the fund at the year-end was £104,786 after revaluation of the investments.
**20**
**The Parochial Church Council of the Ecclesiastical Parish of All Saints, Evesham**
## **Notes to the accounts**
## **for the year ended 31 December 2023**
## **6 RESTRICTED FUNDS (continued)**
## **Sources of Restricted Funds**
The ‘Collections’ Fund comprises collections for other charities. Income was £756 and expenditure of £717. The balance on the fund at the year-end was £526.
The Carillon Fund holds funds for repairs and maintenance for the Carillon.
The “Foodbank” Fund consists of donations received for the purchase of food and other household goods for distribution to those in need. This fund was classified as designated in prior years and the trustees have reclassified it as restricted in 2020.
The fund had an income of £27,289 (2022: £9,331) and an expenditure of £14,332 (2022: £19,099). The sum of £17,809 (2022: £4,851) is held in this fund to provide support for the foodbank.
The ‘AW Education’ Fund is a fund to honour the commitment of Mr Whitehouse to Christian evangelism and ongoing spiritual development. Its purpose will be to provide funding assistance for materials to be used in catechesis and other programmes of education in the Christian faith. There were no transactions during the year and the balance of the fund remains at £830.
## **7 COLLECTIONS**
The following collections, made during the year are all restricted:
|**Collections per Restricted Collections Fund**
Christingle (Children's Society)
Angel Tree (Long Lartin)
Royal British Legion
Christian Aid
Much Loved
DEC Ukraine
Alzeimers Society
**Total**|**Overseas**
**Home**
**Giving**
**giving**
**included in**
**included in**
**Total**
**Total**
**SOFA**
**SOFA**
**2023**
**2022**
-
61
**61**
45
-
90
**90**
189
-
335
**335**
202
-
270
**270**
-
-
-
**-**
65
-
-
**-**
27
-
-
**-**
112|
|---|---|
||**-**
**756**
**756**
**639**|
|**8**
**STAFF COSTS AND EMOLUMENTS**
Gross wages and salaries
Pension Contributions
**Total**|**2023**
**2022**
37,916
31,401
160
239|
|---|---|
||**38,076**
**31,640**|
Number of employees was 4 (2022: 4) equivalent to 2.0 (2022: 2.0) full time employees. The PCC is currently exempt from the requirements of the Welfare Reform and Pensions Act 1999 to provide access to a stakeholder pension scheme as it employs fewer than five full time employees.
One employee is eligible to be enrolled in a stakeholder pension and this was actioned in April 2016. No employee received remuneration in excess of £60,000.
**21**
**The Parochial Church Council of The Ecclesiastical Parish Of All Saints, Evesham Notes to the accounts**
**for the year ended 31 December 2023**
## **9 RELATED PARTY TRANSACTIONS**
At the PCC Meeting held on the 19th October 2015, it was agreed that due to not being able to find a volunteer to act as PCC Treasurer that the post would be advertised and be a paid position. Mr J Liggitt of JL Accounting Services Ltd was appointed on the 1st November 2015 for a twelve month period at a fee of £4,480. Mr Liggitt was co-opted as a member of the PCC. Mr Liggitt's contract was extended in November 2016. From the 1st March 2019, the fees payable under this contract were reduced to £3,600 per annum.
There is an outstanding balance with this related party at the date of the Balance Sheet of £600 (2022 - £900). There are no provisions for doubtful debts, nor related write-offs, in connection with this related party.
Mr C Greedy was paid the sum of £nil (2022: £11,048) for labour and materials for the work involved in the upgrade of the Food Bank Facility.
Mrs S Greedy was appointed as Assistant Administrator in 2022 and was paid a salary of £7,094 in 2023 (2022: £3,150).
With the exception of the above, no member of the PCC nor any connected person received any remuneration from the PCC.
Five (2022: 4) members of the PCC, acting as agents for the PCC, made purchases on its behalf and were reimbursed a total of £535 (2022: £460) for those purchases. Some members of the PCC have also made donations to the PCC but the donors have not attached conditions.
The Trustees made donations to the Charity totalling £3,480 (2022; £2,880)
## **10 COST OF INDEPENDENT EXAMINATION AND OTHER FINANCIAL SERVICES**
The amount payable to the independent examiner in respect of external scrutiny, for the year ended 31 December 2023 was £1,510 (2022: £1,472). The independent examiner was not paid for any other financial services.
## **11 FINANCIAL INSTRUMENTS**
|**FINANCIAL INSTRUMENTS**|||
|---|---|---|
|**Carrying amount of financial assets**
Debt instruments measured at amortised cost
Equity Instruments measured at cost less impairments
**Carrying amount of financial liabilities**
Measured at amortised cost|**2023**
25,740
95,558
**121,298**
**26,511**|**2022**
29,883
92,149|
|||**122,032**|
|||**13,591**|
**22**
## **The Parochial Church Council of The Ecclesiastical Parish Of All Saints, Evesham**
**Notes to the accounts**
**for the year ended 31 December 2023**
## **12 TANGIBLE FIXED ASSETS**
|All restricted
**Cost**
At 1 January 2023
Additions
Revaluations
At 31 December 2023
**Accumulated depreciation**
At 1 January 2023
Charge for year
Disposals
At 31 December 2023
**Net Book Value**
At 31 December 2023
At 31 December 2022|**Church**
**Church**
**Church**
**Church**
**Church**
**Church**
**Church**
**Church**
**House**
**House**
**House**
**House**
**House**
**House**
**House**
**House**
**Church**
**extension extension extension extension extension extension extension extension**
**House**
**Church**
**Church**
**Church**
**land**
**structure**
**roof**
**electrics**
**fittings**
**electric**
**heating**
**bathroom**
**kitchen**
**heating heating lighting**
**chairs**
**Total**
15,000
41,814
3,136
2,091
1,045
522
1,568
37,938
10,259
53,256
37,937
52,329
256,895
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-|
|---|---|
||15,000
41,814
3,136
2,091
1,045
522
1,568
37,938
10,259
53,256
37,937
52,329
256,895|
||-
8,409
1,131
2,091
1,045
510
1,170
8,727
10,259
53,256
37,937
16,497
141,032
-
279
39
-
-
12
39
1,517
-
-
-
5,233
7,119
-
-
-
-
-
-
-
-
-
-
-
-
-|
||-
8,688
1,170
2,091
1,045
522
1,209
10,244
10,259
53,256
37,937
21,730
148,151|
||15,000
33,126
1,966
-
-
-
359
27,694
-
-
-
30,599
108,744|
||15,000
33,405
2,005
-
-
12
398
29,211
-
-
-
35,833
115,864|
Church House is not owned by the PCC but by the "Trustees of Church House and Walker Hall". In November 1908 a legal document between the Queen Anne Bounty, Dr Walker (Vicar of All Saints), the Bishop of Worcester, the Ecclesiastical Commissioners and nine named Trustees, transferred the "Old Vicarage" (now called Church House) from the Benefice to the Trust. In December 1908 the Walker Hall was added to the Trust. The objects of the Trust are to manage the building which is to be used by the Vicar (or officiating minister) and the Trustees for divine service, Sunday School, class, meeting or lecture room for religious instruction or secular instruction under the control of the Vicar, clerical meetings or committees of any society connected with the C of E, and other meetings or other objects or purposes having in view the spiritual, intellectual, moral or social wants of members of the C of E which the Officiating Minister and the Trustees jointly think desirable. The extension to Church House is the property of the PCC and is under the sole care and responsibility of the PCC.
## **The Parochial Church Council of the Ecclesiastical Parish of All Saints, Evesham**
## **Notes to the accounts**
## **for the year ended 31 December 2023**
## **13 INVESTMENT PROPERTIES** All unrestricted
|Carrying value at 1 January
Gain/(Loss) on revaluation of investment properties
**Market value at 31 December**|**Residential**
**Commercial**
**Investment**
**Investment**
**Total**
**Total**
**Property**
**Property**
**2023**
**2022**
**£**
**£**
**£**
**£**
230,000
162,500
392,500
362,500
7,000
-
7,000
30,000|
|---|---|
||**237,000**
**162,500**
**399,500**
**392,500**|
## **Valuation of residential investment property**
Per Charities SORP, and in line with FRS 102 the residential property was professionally revalued to market in 2019 and reviewed this year. As a result of this review the property was revalued to £237,000 reflecting the current market and extensive refurbishment of the property in 2021. The Trustees believe the properties to be accurately valued at the year end.
This investment property is held primarily to provide an investment return and is not programme related.
## **Valuation of commercial investment property**
The Commercial property has not been revalued as there is not the level of publicly available data that there is for residential property. As the lease is due for renewal at the end of 2024, a revaluation will be done at this time. The Trustees believe that the current valuation is reasonable.
This investment property is held primarily to provide an investment return and is not programme related.
## **Historic Cost**
All unrestricted
||**Residential**|**Commercial**|||
|---|---|---|---|---|
||**Investment**|**Investment**|**Total**|**Total**|
||**Property**|**Property**|**2023**|**2022**|
||**£**|**£**|**£**|**£**|
|**Historic cost**|**79,882**|**22,016**|**101,898**|**101,898**|
**24**
## **The Parochial Church Council of the Ecclesiastical Parish of All Saints, Evesham Notes to the accounts for the year ended 31 December 2023**
**14 UK INVESTMENTS**
## **Unrestricted**
|**Income Shares**|**Total**
**2023**|**Total**
**2022**|
|---|---|---|
|Carrying value at 1 January
Disposal of investments
Realised gain/(loss) on disposal of investments
Transferred to restricted
Unrealised gain/(loss) on revaluation
**Market Value at 31 December**|**£**
29,426
(1,597)
6
-
2,679|**£**
83,482
(26,277)
962
(19,000)
(9,741)
**29,426**|
||**30,515**||
|**Restricted**||||
|---|---|---|---|
|**Income Shares**|**Total**
**2023**||**Total**
**2022**|
|||||
|Carrying value at 1 January
Disposal of investments
Realised gain/(loss) on disposal of investments
Transfer from unrestricted
Unrealised gain/(loss) on revaluation
**Market Value at 31 December**
**Total Investments**|£
62,723
(3,403)
14
-
5,710
**65,044**
**95,558**||£
75,374
(23,724)
868
19,000
(8,795)|
||||**62,723**|
|||||
||||**92,149**|
The Charity Commission publication 'Charities and Reserves' (cc19) notes that in some circumstances there may be doubt as to whether a donation or legacy is a gift of income or endowment funds. This guidance goes on to note (p.15) that if any evidence exists, or can be inferred, from the circumstances of the donation or legacy, that a donor or testator had a specific intention one way or the other, the trustees must treat the gift or legacy accordingly. With this guidance in mind, a review was conducted in December 2013 of available documentation relating to the UK investment held by Evesham PCC.
The UK investments of income units relates to The Church Estate (St Lawrence)
The Church Estate (St Lawrence) fund was intended for "church expenses and upkeep" in connection with the Church of St Lawrence (per July 1927 form of application to the Charity Commission to authorize a sale). When this parish church was transferred to the Redundant Churches Fund (now called the Churches Conservation Trust) these funds were transferred to All Saints. This investment is still held.
In the light of the above it is clear that the UK investment of income units held by Evesham PCC are not restricted, the capital is available for use, and these funds are for general church purposes. Little documentation has been identified in relation to the history of the UK investment of income shares, but this is believed to relate to general church purposes for the parish.
**25**
**The Parochial Church Council of the Ecclesiastical Parish of All Saints, Evesham Notes to the accounts for the year ended 31 December 2023**
|**15**
**DEBTORS**
Unrestricted
LPWGS
Funeral Control Account
Sundry|**15**
**DEBTORS**
Unrestricted
LPWGS
Funeral Control Account
Sundry|**Total**
**Total**
**2023**
**2022**
**£**
**£**
-
577
217
-
-
62|**Total**
**Total**
**2023**
**2022**
**£**
**£**
-
577
217
-
-
62|
|---|---|---|---|
|||217
639||
|||||
|**16**
**PREPAYMENTS**
Unrestricted
Prepayments
Prepaid water rates (church)
Prepaid water rates (Church House)
Prepaid music copyright
Prepaid photocopier rental
Prepaid alarm system
Prepaid guard response
Prepaid Church House Insurance
**17**
**CREDITORS**
Unrestricted
Creditor for independent examiner
Creditor for treasurer
Weddings & Funerals Control account
Diocese Renounced Fees
Commercial investment rental creditor
Creditor for locking-up church
Creditor for Church House cleaning
Other creditors
**18**
**ACCRUALS**
Unrestricted
Accrual gas church
Accrual gas church house
Accrual electricity church
Accrual electricity Church House
Accrual electricity Bell Tower
Accrual Church House rent
Accrual telephone & Broadband||**Total**
**Total**
**2023**
**2022**
**£**
**£**
34
24
34
24
74
-
100
99
208
186
180
179
555
1,129||
|||**1,184**
**1,641**||
|||**Total**
**Total**
**2023**
**2022**
**£**
**£**
1,472
1,450
600
900
580
380
427
763
2,750
2,750
-
66
235
366
2,624
1,616||
|||**8,688**
**8,291**||
|||**Total**
**Total**
**2023**
**2022**
**£**
**£**
1,086
2,302
2,353
2,000
479
596
191
325
86
66
1,800
-
83
11||
|||**6,079**
**5,300**||
**26**
**The Parochial Church Council of the Ecclesiastical Parish of All Saints, Evesham**
## **Notes to the accounts for the year ended 31 December 2023**
## **19 FUNDS NOT INCLUDED IN THE ACCOUNTS**
Bright Sparks, the Bellringers and the Choir accounts have not been included in theses financial statements as they are under the control of their own respective organisations.
Vicars and Churchwarden funds, and the Vicar's discretionary funds, are not included in these accounts as they are held on trust, being available independently of the church for distribution to the poor.
These funds are held in sepertate designated bank accounts from the bank accounts relating to the charities' funds.
## **20 CONNECTED CHARITIES**
The "Friends of the Evesham Parish Church and the Bell Tower" (registered charity number 507102) is a charity connected to Evesham PCC. The objects of the society are "to co-operate with the Parochial Church Council in the preservation, adornment and general maintenance of the Evesham Parish Church and the Bell Tower, their activities and services, their ornaments and furnishings; to promote public interest in the Church and the Bell Tower, their history and their work."
The "Trustees of Church House and Walker Hall" is **not** a connected charity although the vicar is an ex-officio trustee and the trust administers Church House which is used by the PCC and Church Office.
The "Retreat House Trust" is **not** a connected charity. This Trust, which owns a property near Abbot Reginald’s gateway, exists to maintain that property and to provide support for All Saints' Church. The trustees of the charity "Trustees of Church House and Walker Hall" are also trustees of the "Retreat House Trust" with the exception of the vicar (who traditionally, as a potential beneficiary of the charity, is not invited to sit as a trustee).
The "John Martin's Charity" (registered charity number 527473) is **not** a connected charity although the vicar is ex-officio a trustee. The PCC is a recipient of grants from this charity which are provided under a scheme sealed on 28[th] February 1989 which provides that: "a further sum of not less than £50 but not exceeding 5% thereof [i.e. total income] in or towards defraying the expenditure incurred by the Parochial Church Council of the Ecclesiastical Parish of All Saints and St. Lawrence, Evesham, in maintaining and repairing the church buildings and in otherwise furthering the religious and educational work of the Church of England in that ecclesiastical parish."
The "Chapel of St Mary Magdalene" is **not** a connected charity although the vicar is an ex-officio managing trustee. Under a scheme sealed on 18[th] June 1992, the income of this charity, after first defraying the cost of managing its investments, is applied "towards providing and maintaining facilities for public worship at Evesham Community Hospital and otherwise furthering the religious and other charitable work of the Church of England in or near Evesham."
The "Evesham Abbey Bell Tower Appeal Trust" (registered charity 1152780) is **not** a connected charity although a past PCC treasurer is the chair, secretary and treasurer of that charity. Under the trust deed (dated 5th July 2013) the charitable objects are: "to promote for the benefit of the public the preservation, conservation, protection and improvement of the Bell Tower, Evesham, Worcestershire, including its fabric, furnishings, fittings and function" and "to advance the education of the public in the appreciation, history, function, conservation and preservation of the Bell Tower, Evesham."
**27**