## **Treasurer’s Report to the BJBSB PCC on the Finances for 2023**
Attached is the Independent Examiners report on the financial records that have been kept on behalf of the PCC for Burton Joyce, Bulcote and Stoke Bardolph for the year ending 31[st] December 2023.
Also attached is the Balance Sheet and Financial Statement for the year.
Although there has been a slight increase in giving as a result of increased church attendance, ‘extraordinary’ donations were less than last year. The church has made a small increase in its Parish Share, and there has been a small increase in church and premises lettings.
However, increased costs in gas and electricity have outweighed additional income and the net result has been a further erosion (£5,965) of available funds.
Invested Restricted Funds held in shares have fared better than last year and interest rates are stronger and therefore deposit accounts have also done well. Restricted and designated funding has not seen any additional gifts in the year, and the net result has seen, again, a small (£2,891) reduction in those funds.
The church continues to have the ‘feel good’ factor that breeds optimism for this year, although continued economic pressures will continue to impact on both income and costs.
The treasurer is grateful for the help received from David Sheath for his continuing assistance. Also to Jo Foster for her support and advice.
Thanks as well go to Sally Luther for her work in examining, reporting and commenting on the accounts. Sally has finished her ‘term of office’ as Independent Examiner, and we are grateful for her input over the years. A new IE is being sought.
-Richard Rowe
Treasurer BJBSB PCC
Independent examiner's report to the trustses of the Parochial Church Council of
st Helen's, Holy Trinity and St Luke's.
I report to the trustees on my examination of the accounts for the year ended 31
December 2023.
Responsibilities and basis of report
As the Charity's trustees you are responsible for the preparation of the accounts in
accordance with the requirements of the Charities Act 2011 ('the Ad.).
I report in respect of my examination of the Charity's accounts carried out under section
145 of the 2011 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
The gfOSS income exceeded £25,000. necessitating a review and was less than
£250,000 and so the Receipts & Payments method of accounting (rather than the
Accruals method) has been used.
I have completed my examination of the accounts presented to me and the financial
position at 31.12.23 is summarised as follows. l am satisfied thal the financial
statements present an accurate view of the Churches. financial position at the end of the
year and the financial activities during the year. No material matters have come to my
attention.
Furthemore, l am satisfied that the Church's finances present a going concern and that
outstanding liabilities can be met from funds.
The unrestricted fund stands at £41 k, of which £15k is 'set aside" as an operational
reserve to be used as a last resort.
£k
SOFA for the year ending 31.12.2023
UR
Total
Recelpts
55
19
74
Expenditure
61
19
83
Surplusl(deficit) in year
UR-Unrestricted
D=Designated
R=Restricted
2023
2022
Movement
Assets and liabilities..
Driver Trust
Shares
Daw's Trust
Shares
Driver deposit
Daws deposit
Driver deposit
Extension deposit
HT
90
83
HT
HT
HT
10
111
117
25
33
66
24
32
St H incl St L and HT
Chancel Shares
Chancel deposit
Bank-. No 1
Bank.. No 2
Less owed as agent
11
13
31
18
362
370
-16
Represented by..
Unrestricted
41
47
Restricted funds
320
320
DeSnated Funds: OCH & hall mangers. fund
361
370
Details of movements on eochfund to be provided by R Rowe
The funds are represented by cash and investments which have been checked and
verified against bank and investment statements.
A sample review of payments was carried out and supporting source documents and
approval was checked.
Comments from last year with this year s update in italics
-Hall hire involS should be numbered consecutivety and not by date to ensure
completeness of the invoicing process and collection of hall hire fees.
-The card collection company °Goodbox- is in administration and on discussion it
appears that a maximum of £50 may be but is unlikely to be at risk. This is not material
and would not appear in the accounts until next financial year. N/A
-Arrangements for paid work should be documented in a °current
contractslarrangements" file. Now carried out and evidenced.
-There has been no VAT claim under the Listed PlaS of Worship Grant scheme;
Richard will investigate if there have been any qualifying expenses in 2022. D Sheath
has investigated and a small amount of expense is eligible for VA T reclaim.
- The unrtain future of the Carnarvon Rooms may see a reduction in income which
would be somewhat offset by a reduction in costs. The income for hire will be
transfeffed to The Old School Trust, and all costs incurred by the church will also be
charged to The Old School Trust.
-cash assets may be better invested in deposit accounts now that interest rates have
increased. No change.
Generally, the process of recording financial transactions continues to improve and the
next steps may be to simplrfy processes further. For instsnce the Restricted Funds do
not necessarity have a 1-1 correlation with the bank and deposit accounts and share
holdings. The point of a Balance sheet is to fecord net assets and then show how these
assets in total are represented by Funds. Consideration should be given to
amalgamating the funds to simplify their use and accounting.
Finally. I would like to thank Richard Rowe for his help and for presenting a clear,
accurate and well documented set of accounts.
Signed= (by e mail)
Name: Sally Luther
CMA, ACT.
Address: 23, Whitfield, Stanford in the Vale, Oxon. SN7 8FL
Date'.9.4.24
||||Movement|||-10,901.20|-1,362.65|3,881.45|614.75|412.96|828.84|-47.45|13.50||17,033.13|-23,907.50|-2,199.02|**-15,633.19**||-875.17|-11,070.02|-3,688.00|**-15,633.19**|||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
|**BURTON JOYCE WITH BULCOTE AND STOKE BARDOLPH PCC**|**Financial Statements for the Year ending 31. December 2022**|**Balance Sheet at 31 December 2022**|**2022**
**2021**|**CURRENT ASSETS**
**£**
**£**|**CCLA**|Holy Trinity Driver Trust Shares
82,645.60
93,546.80|Holy Trinity Daw’s Trust Shares
10,330.70
11,693.35|Holy Trinity Driver Trust Deposit
110,511.55
106,630.10|Holy Trinity Daw’s Trust Deposit
23,793.77
23,179.02|St Helen’s Driver Trust Deposit
31,810.86
31,397.90|St Helen’s Extension Trust Deposit
63,846.42
63,017.58|Chancel Shares
359.71
407.16|Chancel Deposit
218.82
205.32|**Bank Accounts**|No 1 Nat West Bank Account
30,943.01
13,909.88|No 2 Nat West Bank Account
18,087.64
41,995.14|Less Funds held in No.2 a/c 'Owed as Agent'
(2,199.02)|**TOTAL NET ASSETS**
**370,349.06**
**385,982.25**|**PARISH FUNDS**|Unrestricted
46,915.43
47,790.60|Restricted
320,109.63
331,179.65|Designated funds held in No. 2 a/c
3,324.00
7,012.00|**TOTAL FUNDS**
**370,349.06**
**385,982.25**|**NOTE:-**|**Residual Restricted and Designated Funds Money held in No 2 A/C**|Holy Trinity Driver Trust
66.55|Holy Trinity Daws Trust
-2706.84|St Helen’s Driver Trust
-3107.09|St Helen’s Extension Trust
-1798.46|St Helen’s Hall Management Fund
3324.00|St Helens Co-op Toddler & Community Fund
4138.04|**Total**
**(83.80)**|**PARISH FUNDS values have been adjusted to reflect the above**|
||||**Movement**|**£**||7,775.60|971.95|6,042.11|1,075.11|1,019.51|2,046.22|33.85|17.89||-19,766.74|-5,030.18|-3,041.62|**-8,856.30**||-5,965.74|433.44|-3,324.00|**-8,856.30**|||-264.50|-6,834.13|-4,743.27|-4,269.56|-3,324.00|-2,437.34|**(21,872.80)**||
|**BURTON JOYCE WITH BULCOTE AND STOKE BARDOLPH PCC**|**Financial Statements for the Year ending 31. December 2023**|**Balance Sheet at 31 December 2023**|**2023**
**2022**|**CURRENT ASSETS**
**£**
**£**|**CCLA**|Holy Trinity Driver Trust Shares
90,421.20
82,645.60|Holy Trinity Daw’s Trust Shares
11,302.65
10,330.70|Holy Trinity Driver Trust Deposit
116,553.66
110,511.55|Holy Trinity Daw’s Trust Deposit
24,868.88
23,793.77|St Helen’s Driver Trust Deposit
32,830.37
31,810.86|St Helen’s Extension Trust Deposit
65,892.64
63,846.42|Chancel Shares
393.56
359.71|Chancel Deposit
236.71
218.82|**Bank Accounts**|No 1 Nat West Bank Account
11,176.27
30,943.01|No 2 Nat West Bank Account
13,057.46
18,087.64|Less Funds held in No.2 a/c 'Owed as Agent'
(5,240.64)
(2,199.02)|**TOTAL NET ASSETS**
**361,492.76**
**370,349.06**|**PARISH FUNDS**|Unrestricted
40,949.69
46,915.43|Restricted
320,543.07
320,109.63|Designated funds held in No. 2 a/c
-
3,324.00|**TOTAL FUNDS**
**361,492.76**
**370,349.06**|**NOTE:-**|**Residual Restricted and Designated Funds Money held in No 2 A/C**|Holy Trinity Driver Trust
-197.95
66.55|Holy Trinity Daws Trust
-9540.97
-2706.84|St Helen’s Driver Trust
-7850.36
-3107.09|St Helen’s Extension Trust
-6068.02
-1798.46|St Helen’s Hall Management Fund
0.00
3324.00|St Helens Co-op Toddler and Community Fund
1700.70
4138.04|**Total**
**(21,956.60)**
**(83.80)**|**PARISH FUNDS values have been adjusted to reflect the above**|
## **PAROCHIAL CHURCH COUNCIL OF BURTON JOYCE WITH BULCOTE AND STOKE BARDOLPH**
## **Financial Statement for the Year Ended 31 December 2022**
|**Receipts and Payments Accounts**
**RECEIPTS**
**Voluntary Receipts:**
Planned Giving
Collection at Services
All other Giving / Voluntary receipts
Gift Aid Recovered
**Activities for Generating Funds**
Donations
Investment income
Share value movement
Church activities / Hall Lettings
Other Receipts
**TOTAL RECEIPTS**
**PAYMENTS**
**Church Activities**
Diocesan Parish Share Contribution
Ministry and Staffing Costs
Church Running Costs
Premises Running Costs
Mission Giving
Insurance
Cost of Generating Funds
Licence Fees
General Costs
**TOTAL PAYMENTS**
**RECEIPTS over PAYMENTS**|**Unrestricted Designated Restricted**
**TOTAL**
**Funds**
**Funds**
**Funds**
**2023**
**£**
**£**
**£**
23,851
23,851
7,359
7,359
1,258
1,258
4,990
4,990
**37,458**
**-**
**-**
**37,458**
153
153
10,201
10,201
8,781
8,781
14,883
14,883
2,000
2,000
-
**17,036**
**-**
**18,982**
**36,018**
**54,494**
**-**
**18,982**
**73,476**
42,460
42,460
178
178
6,450
3,324
17,248
27,022
3,013
3,013
-
-
3,761
1,301
5,062
256
256
127
127
4,214
4,214
**60,459**
**3,324**
**18,549**
**82,332**
**(5,965)**
**(3,324)**
**433**
**(8,856)**
**2023**|**2022**|
|---|---|---|
|||**Unrestricted Designated Restricted**
**TOTAL**
**Funds**
**Funds**
**Funds**
**2022**
**£**
**£**
**£**
22,216
22,216
6,649
6,649
2,083
2,083
7,810
7,810|
|||**38,758**
**-**
**-**
**38,758**
3,260
4,569
7,829
5,751
5,751
(12,311)
(12,311)
13,380
13,380
-
-|
|||**16,640**
**-**
**(1,991)**
**14,649**|
|||**55,398**
**-**
**(1,991)**
**53,407**|
|||39,960
39,960
2,996
2,996
3,657
3,688
8,167
15,512
1,391
1,391
3,000
3,000
4,141
912
5,053
755
755
373
373
-|
|||**56,273**
**3,688**
**9,079**
**69,040**|
|||**(875)**
**(3,688)**
**(11,070)**
**(15,633)**|