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2023-12-31-accounts

Annual Report and Financial Statements For the year ended 31 December 2023

The Parochial Church Council of the Ecclesiastical Parish of St. Paul, Harlow Town Centre with St. Mary, Little Parndon

Registered Charity number 1142836

Trustees’ Annual Report 2023

Contents

Team Rector’s Introduction ............................................................................................................................... 3
1
Introduction ............................................................................................................................................... 4
2
Aim and Purposes ...................................................................................................................................... 4
3
Objectives and Activities ............................................................................................................................ 4
4
Achievements and performance ............................................................................................................... 6
5
Financial Review ........................................................................................................................................ 8
6
Reserves Policy .......................................................................................................................................... 8
7
Plans for Future Periods ............................................................................................................................ 9
8
Risk Management .................................................................................................................................... 10
9
Structure, Governance, and Management .............................................................................................. 11
10 Administrative Information ..................................................................................................................... 13
Independent Examiner’s Report ...................................................................................................................... 14
STATEMENT OF FINANCIAL ACTIVITIES ........................................................................................................... 15
BALANCE SHEET AT 31 DECEMBER 2023 ......................................................................................................... 16
CASH FLOW STATEMENT ................................................................................................................................. 17
NOTES TO THE FINANCIAL STATEMENTS ........................................................................................................ 18

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Trustees’ Annual Report 2023

Team Rector’s Introduction

Dear friends

This year we have studied the books of Revelation and Romans. They are particularly relevant in our traumatised lives and world. Our hearts go out to all who suffer, on our doorsteps and far away.

It is easy to be discouraged. But both books challenge us! They teach us to hope is in God alone. God takes the initiative, God comes to save us. We saw this in our Christmas celebrations – Christ visited an “alien planet”. We see this in our Easter celebrations. God in Christ enters even the world of death and conquers.

A suffering world is the world that Christ came to. We have no excuse if we do not take heart and hope from the witness of the first followers of Jesus. Romans and Revelation were two ways they wrestled with pain which was great and greater than ours.

As we gather, it is to encourage one another in this hope and faith, and to learn to live it out. None of us can do so alone any more than my big toe could live without being part of me!

One way we live this out is in the activities in our buildings during the week. This past year, we have said farewell to the Church of Pentecost who have worshipped with us since 2006. We rejoice with them as they settle into their own building. God is leading and growing the church. We miss them but look forward to future fellowship shared.

Harlow Holiday Lunch Clubs, combining with Messy Church, are co-ordinated for us and other local churches by Jokey. The clubs offer food, fun and support to vulnerable families predominantly during the school holidays. Jokey’s ministry extends wider, all year round in seeking to alleviate hardship by e.g. providing furniture for those without any. It is shocking when traumatised victims of domestic violence and their children are moved into houses with no furniture: not just missing beds but carpets, curtains and even curtain rails.

At the same time, the Bounty Cafe opened and the ministry of Foodbank and the Bounty Club developed - around 800 families supported every week, receiving around 13 tons of food. This brings home the struggles of daily life for so many.

In our immediate church community life, our hearts go out to nurses, doctors and other care-workers, in the immense challenges you face day by day.

Our buildings witness to God’s provision. With regard to the rewiring, lighting and audio-visuals, we give thanks to God for the gifts that have enabled us to exceed the bare minimum needed. As I write the work has begun. You can read more below.

We continue to struggle in our community life. Our house groups have not recovered from the pandemic and catering for our social life struggles. Let us listen to our Lord to see how Christ is leading us. God provides all we need but it is important to look out for what Christ is doing, not what God is not doing. Where is Christ leading us?

The book of Romans speaks powerfully to us. Struggle is part and parcel of the Christian life. It is in this contest that we find the victory of God. In all of creation, “thanks be to God, who gives us the victory in our Lord Jesus Christ” (1 Corinthians 15:57).

May we live in the light of that victory!

Martin Harris, PCC Chair

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Trustees’ Annual Report 2023

1 Introduction

The members of St. Paul’s and St. Mary’s Parochial Church Council as trustees are pleased to present their report for the year ended 31[st] December 2023.

2 Aim and Purposes

St. Paul’s and St. Mary’s Parochial Church Council (PCC) has the responsibility of cooperating with the Team Rector, the Reverend Martin Harris, and Team Vicar, the Reverend Jokey Poyntz, in promoting in the ecclesiastical parish, the whole mission of the Church, pastoral, evangelistic, social and ecumenical. The PCC is also specifically responsible for the maintenance of St. Paul’s Church, Harlow Town Centre, and St. Mary’s Church, Little Parndon. The primary object of the PCC is to promote the Gospel of our Lord Jesus Christ according to the doctrines and practices of the Church of England.

3 Objectives and Activities

The PCC is committed to enabling as many people as possible to worship at our churches and to become part of our parish community at St. Paul’s and St. Mary’s.

When planning its activities for the year, the PCC has considered the Charity Commission’s guidance on public benefit and, in particular, the supplementary guidance on charities for the advancement of religion.

In particular, the PCC tries to enable all the people of God to live out their faith as part of our parish community through:

To facilitate this work, it is important that the PCC maintains, renews and extends the fabric of St. Paul’s and St. Mary’s churches.

Regular Activities include:

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In addition we were pleased to welcome Harlow District Scouts and staff from Princess Alexandra Hospital, and local schools for carol services at St. Paul’s.

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4 Achievements and performance

4.1 Attendance and Other Statistics

----- Start of picture text -----
2023 2022
St. Paul’s St. Mary’s Combined St. Paul’s St. Mary’s Combined
Average Sunday Attendance
 Adults 70 17 87 62 20 82
 Children 16 0 16 16 2 to 3 18 to 19
 Livestream concurrent 8 8 8
views
 Youtube views of 41 46
recorded livestream
Baptisms 9 1 10 3 6 9
Marriages 4 4 1 4 5
Dedication of marriage 1 1 1 1 2
Church Funerals 2 2 0 0 0
Other Funerals 7 11
Internment of ashes 2 2 1 1
Confirmations 0 0 0 3 3
Children admitted to 2 0 2 2 2
communion
----- End of picture text -----

There were 134 members on the electoral roll at the time of the 2023 Annual Parish Church Meeting of whom 60 lived outside the parish (2021: 135, 60).

4.2 Special Activities

In addition to our regular activities, there were various special activities in 2023:

Our response to some of our specific priorities identified at a PCC / MLT awayday in 2022 were:

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4.3 Mission and Charity Support

In total £4,579 (2022: 4,711) was given for mission. Over the year the PCC supported financially:

The PCC supported in prayer:

In addition £137 was raised in 2023 for Children’s Society to be distributed in 2024.

4.4 Development of our Premises

The Development Action Team, answering to the church council, has continued to work hard by God’s grace to take forward the developments of the two churches

At St Mary’s , for the development of the new hall, the two main needs are for a project manager, and for funds. The immediate need is for funding to appoint a project manager, or to find someone who can offer their time. We have explored this as well as making a major funding application. in the meantime, we seek to improve the facilities that are there as we prepare for the longer term.

A memorial plaque honouring Hester Woodley was installed and unveiled in March.

At St Paul’s the many years of preparation have come together in the rewiring and lighting – the letter of intent to the contractor was signed at the close of the year with a view to the work starting early in January. This has been enabled by very generous giving by the congregation and by around £40,000 received or promised by outside organisations.

This has also enabled us to look towards installing the wiring for new audio-visual equipment.

We have also been in consultation with the local authority as to the planning proposals for the transformation and regeneration of Playhouse Square, College Square and around. We have sought to bring influence for the betterment of the whole, including the future use and development of St Paul’s. It is anticipated that the renewals will include the paving at St Paul’s.

Once the rewiring has been completed, we will be able to look towards other items dependent on it. E.g. further work on the audio-visual installation, a draught screen at the back of church, and redecorating.

4.5 Deanery Synod

The parish is part of the Harlow Deanery, which is part of the Barking Area of the Diocese of Chelmsford. Three parochial representatives sat on the Deanery Synod during 2023. This provides the PCC with an important link between the parish and the wider structures of the Church of England.

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5 Financial Review

During 2023 the PCC’s total income was £230,436 (2021 £160,869) and total expenditure £186,735 (2021 £146,627).

The General Fund expenditure exceeded income by £6,230 (2022: net income £7,673) making an end of year General Fund balance £10,467 (2021: £9,025). Restricted Funds income exceeded expenditure by £49,931 (2022: £6,568) making an end of year Restricted Funds balance £119,894. Overall, the net incoming resources of the PCC were £43,701 (2022: £14,242).

General Fund Donated Income was c. £2,000 more than 2022 overall. Planned giving, collections and other donations were in fact less than 2022, but a generous grant from the diocese towards energy costs (£4,560) accounts for the overall increase. Letting income was much increased (c. £8,000 more) compared to 2022, due to use by the Romanian Orthodox Church, and Church of Pentecost at full use until end October, and more ad-hoc lettings. £2,924 was received in insurance payouts for the west end damage at St Paul’s. Altogether, General Fund income was c. £13,000 more than in 2022.

General Fund expenditure was c. £28,000 more than 2022. A large portion of this was the increase in parish share (£16,000 more in 2023), higher building maintenance costs (£4,000 higher excluding the additional insured damage covered by the income as above), energy costs £3000 higher and other inflationary cost increases.

We also continued our ‘Let there be Light’ appeal for St Paul’s developments in 2023, and raised a further £51,000 in donations, and £23,000 in grants. £27,000 was spent in 2023 on fees, preparatory and contracted works, with the remaining funds c. £82,000 and further pledged donations and grants (c. £17,000) to cover the rest of the works in 2024 (c. £100,000). Nearly £3,500 was donated or fundraised for St Mary’s Hall.

The Harlow Holiday Lunch Club fund received just under £7,000 in 2023 (mainly grants) and spent just under £12,500 on a trip for some families to Spring Harvest, supporting those in need and running lunch clubs at St Paul’s and other church premises through the year.

In summary, the PCC used its income to fund the church’s activities including:

6 Reserves Policy

The PCC aims to support the day to day demands of the parish primarily from current giving and church members respond to additional needs as they can. The PCC aims to retain a reserve of £5,000 (in 2023 £10,469) in the General Fund for cashflow. Large scale projects which are planned and executed over a period of years, particularly the enhancement of the parish buildings, are financed through St. Paul’s Development Fund (end 2023 balance £81,666) and the St. Mary's Building Fund (end 2023 balance £21,411), which are restricted funds and hold reserves in anticipation of and during projects.

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7 Plans for Future Periods

We identified the following priorities for 2023 and beyond at a PCC and MLT awayday:

  1. Promoting A Sense of Belonging / Ownership Especially after the Covid years, the fellowship and relationships we all once enjoyed have been a little displaced.

  2. Building New Online Communities

We need to develop good AV systems at both church premises. At St. Paul’s this includes system for the hall and other rooms too.

  1. Developing our Spiritual Gifts

Recognising that the gifts that each of us has are not being used to the full, we seek to:

We will continue to progress the renewal of Audio Visual systems.

  1. Developing St. Mary’s

We seek to:

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8 Risk Management

The PCC recognises its responsibilities for managing risk, and regularly reviews its policies. The principal risks facing the PCC fall into the areas outlined here.

8.1 COVID-19

Measures taken to slow the spread of the Covid-19 continue to have a minor impact on the church’s activities. Pastoral support measures have continued to maintain contact and support those who are more vulnerable and those who do not have access to the internet. Midweek online prayer meetings have continued, and live streaming of Sunday worship from St Paul’s has continued throughout the year, and are a permanent feature of our worship. We continue to have extra cleaning costs.

8.2 Governance

Loss of records - registers and historic records are stored in a fireproof safe. Church off Computer documents are back up on cloud based storage (OneDrive) as are scans of all financial records. We moved to a cloud based accounting system in 2023.

8.3 Operations

Much of our ministry is centred around our church buildings, so it is important that our buildings are safe and fit for purpose.

St. Mary’s is in a good state of repair, but lacks basic facilities, which we are seeking to address by adding a hall with kitchen and toilet facilities. A portable toilet is being rented for the time being.

St. Paul’s has some major issues (spalling concrete tracery, failing electrical circuits, uneven paving outside). Works to rewire and renew lighting are underway, and will be completed in early spring 2024.

For both sites we carry out routine safety checks including 5-yearly electrical inspections in 2018, annual fire appliance maintenance, and portable appliance testing. St. Paul’s lightning conductor is checked every four years (checked in 2022). We have a plan for evacuating the premises in the event of fire and fire notices are displayed on both sites.

A quinquennial inspection of the buildings is carried out, and we have a buildings team to progress the issues raised (the last inspection was in 2021). Asbestos management surveys have been recently carried out at both sites. St. Paul’s has a roof alarm to protect against vandalism and metal theft, and a CCTV security camera has been installed at the hall entrance.

The PCC has a health and safety officer with expertise in this field.

Large rises energy costs continue to have been a significant factor in the last year. We continue to monitor closely our energy usage, and our letting charges are all reviewed each year to realistically reflect our increased running costs. Gas prices had fallen significantly by the time we renewed our contract in April, but remain considerably higher than before the energy crisis. Electricity prices remain high. We use the guidance of an energy consultant to help us find the most appropriate energy contracts in the current market, and have annual contracts at present, so we can take advantage of improvement in the market if it comes.

The launch of a new method for allocating the parish share has given rise to a significant increase of costs in 2024 (the share in 2022 was unexpectedly low; it was £65k in 2020 and 2021; nevertheless the increase to £74k is significant). The PCC does not have funds to continue to carry a deficit, and this will need to be addressed in 2024.

8.4 Finance Risks

A large portion of the PCC’s income is the result of voluntary giving. The PCC recognises that income can fluctuate. The church teaches regularly on Christian stewardship and encourages church members to review their financial support. An autumn gift day is often utilised to meet shortfalls.

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The handling of cash is subject to dual control procedures to minimise the risk of loss or fraud. Expenditure is also subject to strict controls with a scheme of delegation defining spending approval limits. The PCC operates a comprehensive management accounting system that enables the Treasurer and PCC to monitor and actively manage income and expenditure against budget.

8.5 External Risks

Parking at St. Mary’s became an issue with changes to regulations in Parndon Mill Lane. A protocol for shared use of the Council land adjacent to the church has been agreed with Kier, and continued use of the land under a formal licence agreed with Harlow Council (expiring in October 2024).

Harlow council has plans for the redevelopment of the town centre around St Paul’s, with new buildings, increased pedestrian areas and more limited vehicle access. The PCC has paid close attention to these developments, and made a considerable contribution to the planning and consultation process, to ensure good access, appropriate parking provision, and special access required for weddings, funerals and vital daily activities.

8.6 Regulatory Risks

Given the programme of ministry with children and young people and vulnerable adults provided at St. Paul’s and St. Mary’s, the health, safety and protection of these individuals is regarded as being of paramount importance. The PCC has complied with its duty under section 5 of the safeguarding and clergy discipline measure 2016 to have regard to the house of bishops’ guidance on safeguarding children and vulnerable adults. The PCC operates a formal policy for the safeguarding of children and vulnerable adults, in line with Diocesan, national and statutory guidelines, a Safer Recruitment Policy introduced in 2018, and an equal opportunities policy. A lone working policy was agreed in 2020. Review of Safeguarding policies, procedures and practice is ongoing and overseen by the PCC.

Data Protection - The PCC has an appointed Data Protection Officer, and a Data Protection Policy. A Personal Data Breach and Management Procedure was approved by the PCC in 2019. The PCC periodically audits its data processing activities to ensure compliance with the GDPR.

The PCC has an equal opportunities policy.

A Serious Incident reporting procedure was agreed in 2019.

9 Structure, Governance, and Management

The Parochial Church Council is established by the Church of England and its governing document is the Parochial Church Council (Powers) Measure 1956. The PCC is a Registered Charity, and as such its members must fulfil the duties and responsibilities as trustees under the Charity Act 2011.

The method of appointment of PCC members is set out in the Church Representation Rules. PCC members are recruited in a number of ways. The clergy and the churchwardens are members by virtue of their office. Deanery Synod representatives are elected by the annual parochial church meeting (APCM) and hold office for three years. Other members of the PCC are elected for a three-year term at the APCM (i.e. for a third of the elected positions each year).

The PCC makes all decisions corporately except that the Standing Committee has delegated powers to make decisions between PCC meetings subject to keeping the PCC informed as fully as necessary.

The PCC is responsible for all parish finance, its management and control, including the appointment of a treasurer. Members of the PCC are responsible for keeping accounting records, which disclose with reasonable accuracy the financial position of the PCC and which enable us to ascertain our financial position and to ensure that our financial statements comply with the Church Accounting Regulations 2006, the Charities Act 2011 and 2022 and the Charities SORP (FRS102) 2019: (i.e.: Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in

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accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland” – 2[nd] Edition October 2019).

The PCC is also responsible for safeguarding PCC assets and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities. The PCC is also required to ensure that the financial statements are examined by an independent examiner or auditor prior to presentation to the Annual Parochial Church Meeting.

In preparing the financial statements, the PCC is required to:

The PCC has the following committees, chaired by a PCC member:

The Standing Committee consists of the ex officio members of the PCC and at least two other PCC members, appointed by the PCC. It has power to transact the business of the PCC between PCC meetings, reporting to the full PCC as appropriate.

St. Mary’s Committee organises the care and maintenance of St. Mary’s church and churchyard.

The Development Action Team was formed in 2008 to take forward the renewal of the town centre site. It is now also taking forward the development of the St. Mary’s site.

The parish also has a Ministry Leadership Team , a partnership of the clergy and lay members, appointed by the PCC, to further the mission and ministry of the Parish.

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10 Administrative Information

The PCC is registered with the Charity Commission (Charity 1142836). It was registered on 12 July 2011 to comply with the Charities Act because its income exceeded £100,000, and in anticipation of the registration of all PCCs (which had been excepted from registration previously). Following this the PCC's accounts need to comply with the Church Accounting Regulations 2006, the Charities Act 2011 and 2022 and the Charities SORP (FRS102) 2019.

Under section 144(2) Charities Act 2011 an audit is not required and instead an independent examination is needed.

The address of the church office is St. Paul’s Church, College Square, Harlow, Essex CM20 1LP.

The trustees, members of the PCC, who served in the period to which this report relates were as follows:

----- Start of picture text -----
Basis of appointment
The Revd Martin Harris, Team Rector Ex officio
The Revd Jokey Poyntz,Team Vicar Ex officio
The Revd Anne Keeble, Associate Curate Ex officio
Pat Balkwill, Churchwarden Ex officio / Deanery Synod rep 2023
Carol Squires, Churchwarden Ex officio / Deanery Synod rep 2023
Caroline Hatton, Churchwarden until 2023 APCM Ex officio, then elected 2 [nd] April 2023
Kehinde Ajayi Re-elected in 2022
Richard Amissah Re-elected in 2022
Robert Brock Re-elected in 2023
Janet Broomhead Appointed Deanery Synod rep May 27 [th] 2023
Wendy Coxhill Re-elected in 2023
Emma Etuk Re-elected in 2023
Mandy Harris Re-elected in 2023
Carole Henderson, Electoral Roll officer, Standing Re-elected in 2021
Committee
Donna Redding Re-elected in 2022
Peter Smith, Treasurer, Standing Committee Re-elected in 2021
Jeanne Smith Elected 2 [nd] April 2023
----- End of picture text -----

Approved by the PCC by email and signed on………………………………………………………………….

on the PCC’s behalf by the Reverend Martin Harris (PCC Chair)

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………………………………………………………………………..
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Independent Examiner’s Report

to the Parochial Church Council (PCC) of the Ecclesiastical Parish of St Paul, Harlow Town Centre with St Mary, Little Parndon

Charity No. 1142836

I report to the PCC on my examination of the accounts of the Charity for the year ended 31 December 2023, which are set out on pages 15 to 24, and which I carried out in accordance with the Church Accounting Regulations 2006 (“the Regulations”) and section 145 of the Charities Act 2011 (“the Act”).

Responsibilities and basis of report

As members of the PCC you are responsible for the preparation of the financial statements. You consider that the audit requirement under Section 144(2) of the Act does not apply and that an independent examination is needed.

It is my responsibility to:

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 which gives me cause to believe that, in any material respect:

I have no concerns and come across no other matters in connection with the examination to which attention should be drawn in this report to enable a proper understanding of the accounts to be reached.

Signed:

J R Eke

Date: 15[th] March, 2024

John Robert Eke Fellow of the Association of Charity Independent Examiners Soarview, Stable Court, Malborough, Devon TQ7 3FB

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PAROCHIAL CHURCH COUNCIL OF ST PAUL, HARLOW TOWN CENTRE, WITH ST MARY LITTLE PARNDON STATEMENT OF FINANCIAL ACTIVITIES

For the year ending 31 December 2023

Note
INCOME AND ENDOWMENTS
Income from Donations and Legacies
2(a)
Church activities
2(b)
Other trading activities
2(c)
Investment Income
2(d)
TOTAL INCOME
EXPENDITURE
Raising funds
3(a)
Charitable activities
3(b)
TOTAL EXPENDITURE
NET INCOMING/(OUTGOING) RESOURCES
NET GAINS ON INVESTMENTS
TRANSFERS BETWEEN FUNDS
10
NET MOVEMENT IN FUNDS
TOTAL FUNDS BROUGHT FORWARD
10
TOTAL FUNDS CARRIED FORWARD		 2023
Unrestricted
Funds
Restricted
Funds
Endowment
Funds
£
£
£
76,292
100,253
-
5,329
38
-
44,139
3,465
-
21
898
-
125,782
104,654
0
-
170
-
132,011
54,554
-
132,011
54,724
0
(6,230)
49,931
-
-
-
-
-
-
-
(6,230)
49,931
-
16,698
69,963
-
10,469
119,894
0		 2022

The notes on pages 18 to 24 form part of these accounts.

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PAROCHIAL CHURCH COUNCIL OF ST PAUL, HARLOW TOWN CENTRE, WITH ST MARY LITTLE PARNDON BALANCE SHEET AT 31 DECEMBER 2023

WITH ST MARY LITTLE PARNDON
ALANCE SHEET AT 31 DECEMBER		 2023
Note
CURRENT ASSETS
Investments
Debtors and prepayments
7
Cash at bank and in hand
LIABILITIES
Creditors - amounts falling due in one year
8
NET CURRENT ASSETS
TOTAL NET ASSETS
PARISH FUNDS
Unrestricted
9,10
Restricted
9,10
Endowment
9,10		 2023
£
-
8,032
134,043
142,075
11,713
130,362
130,362
10,469
119,894
-
130,362		 2022
£
-
13,520
82,786
96,306
9,645
86,661
86,661
16,698
69,963
-
86,661

The notes on pages 18 to 24 form part of these accounts.

Approved by the PCC by email and signed on………………………………………………………………….

on the PCC’s behalf by the Reverend Martin Harris (PCC Chair)

………………………………………………………………………..

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PAROCHIAL CHURCH COUNCIL OF ST PAUL, HARLOW TOWN CENTRE, WITH ST MARY LITTLE PARNDON CASH FLOW STATEMENT

For the year ending 31 December 2023

Net cash from operating activities
Cash flows from investing activities
Interest received
Proceeds from the sale of tangible fixed investments
Fixed asset investments
Net cash provided by investing activities
Change in cash and cash equivalents in the reporting period
Cash and cash equivalents at 1 January
Cash and cash equivalents at 31 December
Analysis of cash and cash equivalents:
Cash at bank and in hand
Reconciliation of net income before investment gains
Net income before investment losses
Adjustments for:
Depreciation
Dividends and interest
Decrease in debtors
Increase in creditors
Net cash provided by / (used in) operating activities		 £
919
-
-		 2023
£
50,338
919
51,257
82,786		 £
99
-
26		 2022
£
13,225
126
13,351
69,435
134,043
134,043		 82,786
82,786
2023
£
43,701
-
(919)
5,488
2,068
50,338		 2,022
£
14,242
-
(99)
(2,174)
1,257
13,225

The notes on pages 18 to 24 form part of these accounts.

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NOTES TO THE FINANCIAL STATEMENTS

For the year ended 31 December 2023

1. ACCOUNTING POLICIES

The PCC is a public benefit entity within the meaning of FRS 102. The financial statements have been prepared in compliance with the Church Accounting Regulations 2006, the Charities Act 2011 and 2022 and the Charities SORP (FRS102) 2019 – second edition.

The PCC considers there are no material uncertainties about the Church's ability to continue as a going concern'.

Funds

General funds represent the funds of the PCC that are not subject to any restrictions regarding their use and are available for application on the general purposes of the PCC. Funds designated for a particular purpose by the PCC are also unrestricted.

Restricted funds are those funds that must be spent on restricted purposes and details of the funds held and restrictions are provided in note 9.

Endowment funds are funds that must be retained as trust capital either permanently or subject to a discretionary power to spend capital as income, and where the use of any income or other benefit derived from the capital may be restricted or unrestricted. Details of the restrictions are explained in note 9.

The accounts 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 or those that are informal gatherings of church members.

Incoming resources

Voluntary income and capital sources

Other income

Rental income from the letting of church premises is recognised when the rental is due.

Resources used

Grants

Grants and donations are accounted for when paid over, or when awarded, if that award creates a binding obligation on the PCC.

Activities directly relating to the work of the Church

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The diocesan parish share is accounted for when due. Any parish share unpaid at 31 December is provided for in these financial statements as an operational (though not a legal) liability and is shown as a creditor in the balance sheet.

Liability Recognition

Liabilities are recognised as soon as there is a legal or constructive obligation and settlement is probable and quantifiable.

Fixed assets

Consecrated and benefice property

In so far as consecrated and benefice property of any kind is excluded from the statutory definition of ‘charity’ by Section 10(2) (a) and (c) of the Charities Act 2011 and 2022, such assets are not capitalised in the financial statements.

Movable church furnishings

No value is placed on movable church furnishings held by the Incumbents and Churchwardens on special trust for the PCC, and which require a faculty for disposal, since the PCC considers this to be inalienable property. All expenditure incurred in the year on consecrated or beneficed buildings, individual items under £4,000 or on the repair of movable church furnishings, whether maintenance or improvement, is written off as expenditure in the Statement of Financial Activities and separately disclosed.

Other fixtures, fittings and office equipment

Equipment used within the church premises is depreciated on a straight line basis over 4 years. Individual items of equipment with a purchase price of £4,000 or less are written off when the asset is acquired.

Investments

Investments are valued at market value at 31 December 2023.

Current assets

Amounts owing to the PCC at 31 December 2023 in respect of fees, rents or other income are shown as debtor.

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PAROCHIAL CHURCH COUNCIL OF ST PAUL, HARLOW TOWN CENTRE, WITH ST MARY LITTLE PARNDON NOTES TO THE FINANCIAL STATEMENTS (continued)

For the year ending 31 December 2023

2. INCOME AND ENDOWMENTS

2(a)
Donations and Legacies
Planned giving
By banker's order
By envelope scheme
By CAF etc
Income tax receivable
Collections (open plate)
Gift days
Grants
Donations & appeals
Legacies
2(b)
Church Activities
Fees for weddings and funerals
Insurance claims
Other Activity Income
2(c)
Other Trading Activities
Lettings of church & hall
Letting of church flat
Fund raising
2(d)
Investments
Interest received
TOTAL INCOME		 2023
Unrestricted
Funds
Restricted
Funds
Endowment
Funds
£
£
£
35,834
1,425
-
5,691
-
-
234
10,500
-
12,180
7,241
-
9,112
219
-
-
-
-
5,493
36,741
-
7,749
38,752
-
-
5,375
-
76,292
100,253
-
1,970
-
-
2,924
-
-
435
38
-
5,329
38
-
33,190
-
-
10,949
-
-
-
3,465
-
44,139
3,465
-
21
898
-
125,782
104,654
-		 2022

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PAROCHIAL CHURCH COUNCIL OF ST PAUL, HARLOW TOWN CENTRE, WITH ST MARY LITTLE PARNDON NOTES TO THE FINANCIAL STATEMENTS (continued)

For the year ending 31 December 2023

3. EXPENDITURE

3(a)
Raising funds
Fund raising costs
3(b)
Church activities
Mission Agencies
Ministry:
Diocesan Parish Share
Church Services & Activities
Clergy & Ministry Expenses
Church and hall maintenance
Buildings Development
New Equipment
Utilities - energy
Utilities - water, waste, broadband
Insurance
Salaries & Wages
Copier & stationery
Flat Management & Maintenance
Subscription, fees and other administration
TOTAL EXPENDITURE		 2023
Unrestricted
Funds
Restricted
Funds
Endowment
Funds
£
£
£
-
170
-
2,751
1,829
-
73,703
-
-
2,547
17,013
-
2,644
57
-
12,726
6,583
-
500
27,331
-
183
1,449
-
13,725
276
-
4,329
-
-
3,639
-
-
10,686
-
-
838
-
-
2,351
-
-
1,389
16
-
-
132,011
54,554
0
132,011
54,724
0		 2022

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Trustees’ Annual Report 2023

EXPENDITURE NOTES (CONTINUED)

New Equipment included a new noticeboard at St Mary’s funded by a legacy (£1,320), and other smaller items.

Buildings development included:

4. STAFF COSTS

2023 2022
£ £
Wages and salaries 10,686 9,984

During the year the PCC employed, all on a part time basis, a parish administrator (8 hours per week), a verger (4 hours per week), two cleaners (6 hours per week) and a facilities manager (one month only, 1 hour per week).

All costs were salary and wages (no employers’ NI contributions were due, no employee qualified for automatic enrolment in a pension, and no employee opted to enrol).

5. PAYMENTS TO PCC MEMBERS

Patricia Balkwill, a member of the PCC, was the paid office administrator of the parish for two mornings a week, at the time of the registration of the PCC as a charity in 2011. This private benefit was declared to the Charity Commission at the time and continued through 2023. She also received £270 for stewarding. The total of payments made to her in the year was £2,579 (2022:£3,241).

Donna Redding, a member of the PCC, was paid £130 for attending to the Audio Visual systems on three occasions.

Mandy Harris, a member of the PCC, was paid £45 for stewarding at a wedding.

Peter Smith, a member of the PCC, was paid £85 for playing the organ at a funeral.

The PCC has the power to make payments for these services, which are within the normal core activities of a parish, under section 3A of the Parochial Church Council (Powers) Measure 1956.

No other trustees have been paid any remuneration or received any other benefits from an employment with the PCC. The following ministry expenses were reimbursed to ordained members and a licenced lay member of the PCC:

Revd. Barbara Aylett
Revd. Martin Harris
Revd. Jokey Poyntz
Revd. Nathan Joss-Pothen
Revd. Anne Keeble
Wendy Coxhill (travel)		 2023
£
-
1,535
1,023
-
-
144
2,702		 2022
£
-
1,438
842
210
-
60
2,550

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Trustees’ Annual Report 2023

6. INVESTMENTS

The PCC does not currently hold any investments and did not hold any in 2022.

7. DEBTORS

2023
£
Prepaid insurance
2,196
Tax recoverable under Gift Aid
4,312
Other debtors
1,524
8,032
. LIABILITIES: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023
£
Letting deposits
2,028
Prepaid rent
1,738
Accrued charges
7,947
11,713		 2022
£
2,071
9,242
2,207
13,520
2022
£
2,038
-
7,607
9,645

8. LIABILITIES: AMOUNTS FALLING DUE WITHIN ONE YEAR

Accrued charges include electricity and gas (£2,142), payroll tax payable to HMRC (£282), , grants from General funds to mission (£1,767), clergy and church member expenses (£2,446), and other services (£1,040).

9. FUNDS

The general funds of the PCC are unrestricted funds held for the general purposes of the PCC.

The restricted funds at 31st December 2023 comprise :

Other restricted funds comprise gifts given for specific purposes. The balance of £8,257 at 31 December 2023 includes £1,578 to support the Music Minister (transferred from the separate restricted fund), £1,081 remaining of a grant for establishing the Bereavement Café, a £1,000 donation for an altar frontal, , £408 remaining from a grant for a project Manager, £3,654 grant to support Teddy Bear Club and Champions group (which ceased in 2023), £206 to support the homeless, and other smaller amounts totalling £330.

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Trustees’ Annual Report 2023

10. SUMMARY OF FUND MOVEMENTS

Restricted - St. Paul's Development
Restricted - St Mary's General
Restricted - St Mary's Building
Restricted - Teddy Bear Club
Restricted - Harlow Holiday Lunch Club
Restricted - All others		 Balance at
1 January
2023
Incoming
resources
Resources
expended
Investment
gains
Transfers
Balance at
31
December
2023
£
£
£
£
£
£
34,852
74,159
(27,345)
-
-
81,666
1,696
5,388
(1,320)
-
-
5,764
17,993
3,588
(171)
-
-
21,411
276
-
(276)
-
-
-
8,422
6,948
(12,573)
-
-
2,797
6,724
14,571
(13,039)
-
-
8,257
Restricted - Total
Unrestricted - General		 69,963
104,654
(54,724)
-
-
119,894
16,698
125,782
(132,011)
-
-
10,469
86,661
230,436
(186,735)
-
-
130,362

END OF DOCUMENT

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