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2023-12-31-accounts

TRUSTEES ANNUAL REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST DECEMBER 2023

PAROCHIAL CHURCH COUNCIL OF ST PHILIP & ST JAMES, WHITTON

REGISTERED CHARITY NUMBER: 1144696

Independent Examiners Ltd Unit 2 Broadbridge Business Centre Delling Lane Bosham West Sussex PO18 8NF

1

PAROCHIAL CHURCH COUNCIL OF ST PHILIP & ST JAMES, WHITTON

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CONTENTS
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Page 3 Legal and Administrative Information Page 4 Independent Examiner's Report to the Trustees Page 5 to 9 Trustees' Annual Report Page 10 Statement of Financial Activities Page 11 Balance Sheet Pages 12 to 21 Notes to the Financial Statements

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PAROCHIAL CHURCH COUNCIL OF ST PHILIP & ST JAMES, WHITTON

LEGAL AND ADMINISTRATIVE INFORMATION

CHARITY NUMBER

1144696

START OF FINANCIAL YEAR

END OF FINANCIAL YEAR

LEGAL STATUS

1st January 2023 31st December 2023 Registered Charity

GOVERNING INSTRUMENT

Parochial Church Council Powers Measure (1956) as amended and Church representation rules that came into force on 2 January 1956.

OBJECTS

Promoting in the ecclesiastical parish the whole mission of the Church.

REGISTERED ADDRESS

The Vicarage 205 Kneller Road Whitton Twickenham Middlesex TW2 7DY

BANKERS

Barclays Bank Plc Hounslow Leicestershire LE87 2BB

INDEPENDENT EXAMINER

Independent Examiners Ltd Unit 2 Broadbridge Business Centre Delling Lane Bosham West Sussex PO18 8NF

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INDEPENDENT EXAMINER'S REPORT ON THE ACCOUNTS

This report on the financial statements for the PCC St Philip and St James, Whitton for the year ended 31st December 2023, which are set out on the following pages, is in respect of an examination carried out in accordance with the Church Accounting Regulations 2006 ('the regulations') and s.145 of the Charities Act 2011 ('The Act').

Respective Responsibilities of the PCC and the Examiner

As the members of the PCC you are responsible for the preparation of the financial statements; you consider that the audit requirement of Regulations and section 144(2) of the Charities Act 2011 (the Act) does not apply. It is my responsibility to issue this report on those financial statements accounts in accordance with the terms of the Regulations.

Basis of Independent Examiner's Report

My examination was carried out in accordance with the General Directions given by the Charity Commission under section 145 (5)(b) of the Act and to be found in the Church Guidance 2006 edition, issued from the Finance Division of the Archbishops' Council. That examination includes a review of the accounting records kept by the PCC and a comparison of the accounts with those records. It also includes considering any unusual items or disclosures in the accounts and seeking explanations from you as trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit, and consequently no opinion is given as to whether the accounts present a 'true and fair view' and the report is limited to those matters set out in the statement below.

Independent Examiner's Statement

In connection with my examination, no matter has come to my attention:

2) to which, in my opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached.

Independent Examiners Limited Unit 2 Broadbridge Business Centre Delling Lane Bosham West Sussex PO18 8NF

FCIE

Dated: …......................20245th March

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PAROCHIAL CHURCH COUNCIL OF ST PHILIP & ST JAMES, WHITTON

TRUSTEES' ANNUAL REPORT

FOR THE YEAR ENDED 31ST DECEMBER 2023

AIMS AND PURPOSES

Ss Philip & James’ Parochial Church Council (PCC) has the responsibility of co-operating with the incumbent, the Reverend David Cloake, in promoting the ecclesiastical parish, the whole mission of the Church, pastoral, evangelistic, social and ecumenical through provision of activities for all. The PCC is also specifically responsible for the maintenance of the Parish Hall and Grounds of Ss Philip & James Church, Hounslow Road, Whitton, TW2 7DY

OBJECTIVES AND ACTIVITIES

The PCC is committed to enabling as many people as possible to worship at the church and to become part of the parish community at Ss Philip & James. The PCC maintains an overview of worship throughout the parish and makes suggestions on how our services can involve the many groups that live within our parish. Our services and worship put faith into practice through prayer and scripture, music and the Sacraments.

In 2021 we agreed a PCC Objective which is stated on every PCC Meeting Agenda to remind the members of their obligation while being on the PCC, which is as follows:

"As elected representatives, we strive to promote God's mission, working with our clergy to enable effective communication, in creating a welcoming and inclusive church that reaches out to the congregation, community and the wider church family. We work within the governance and legal frameworks required to create a safe and compliant parish, and acting as stewards of our estate and assets."

When planning our activities, we consider the Commission’s guidance on public benefit and, particularly, the supplementary guidance of charities for the advancement of religion. We endeavour to enable ordinary people to live out their faith as part of our parish community through:

To facilitate this, it is important that we maintain the fabric of the Church of Ss Philip & James and the Parish Hall and grounds. The church is also left open during daylight hours each day of the week for this who wish to visit.

WORSHIP AND PRAYER

The PCC is keen to offer a range of services during the week and over the course of a year. Our community find these both beneficial and spiritually fulfilling. For example, our smaller week day services provide a quiet, intimate and reflective environment for worship. Our 9.30am service provides the opportunity for people to engage in a larger service that involves our Choir, our Junior Church, and a once a month family friendly service. These particular services include Lay ministry involvement and other stakeholder groups within our parish.

We continue to be successful in welcoming more families into our church, nourished by the specifically tailored All-Age service on the first Sunday of the month. We have specific arrangements in place for baptisms (either within the 9.30am Sunday service or following that service, depending on the families wishes). We hope to offer this again when the new incumbent is in place. The parish produces a bespoke service booklet for all services, which contains not only the words of scripture, prayers and hymns, but also other salient information from across the parish, acting also in the form of a weekly newsletter and includes the church Officers’ contact information.

People of all ages and spiritual backgrounds are welcomed into our services. There are 176 members named on our Church Electoral Roll, a number that has remained fairly constant in recent years. The average weekly attendance was 82 with this number increasing at festivals, particularly Christmas and Easter.

As well as our regular services, we enable our community to celebrate and thank God at the milestones of their journey through life. Through baptisms, marriages and at funeral services we provide way-markers for the transitions in the lives among whom we live. In 2023 we have celebrated 14 baptisms, 1 wedding, and held nine funerals in church plus 46 externally, at cemeteries or the crematoria.

5

PAROCHIAL CHURCH COUNCIL OF ST PHILIP & ST JAMES, WHITTON

TRUSTEES' ANNUAL REPORT (Continued) FOR THE YEAR ENDED 31ST DECEMBER 2023

THE PARISH HALL

The Parish Hall serves two important functions in the life of the parish – the first being as a revenue generator to fund the wider mission of the parish. The second, and perhaps more important function of the Hall is that it allows the parish to support thirdparty organisations. This is through a discounted or pro-bono charge for their own charitable ends. It is also a very popular venue for hire by the local community for family functions, children’s parties, and other one-off events throughout the year.

We currently welcome a number of uniformed youth organisations and groups serving the needs of those most isolated in our area. The needs of young families and children of all ages are catered for, as well as other charities using the hall for their own ad hoc fundraising events (hosted by us or by their own representatives). The Hall is also used as a local Polling Station in local, national and international elections.

Parish use of the hall this year included our second Saturday of the month Bacon Buttie Coffee Mornings, which continues to be a huge success. We held two very successful Quiz Nights on 15th April and 18h November. Other events included our ever popular Christmas Lunch on 10th December which was well attended and enjoyed. Our annual Service of Nine Lessons & Carols on the 17th December, followed by mince pies and mulled wine, was equally well attended.

Aside from its outward looking and income generating work, the Hall is usually used by the parish for its own events, as mentioned above. We delight in bringing together local people who don’t necessarily attend our church, thus making the hall an excellent outreach commodity within the community.

PASTORAL CARE

MISSION AND EVANGELISM

We continue to evolve from an inward-looking parish community concerned with self-preservation, to one that is outwardlooking. Primarily through donated time in our Parish Hall, where we have subsidised the efforts of those who seek to make a difference to those in greatest need in our community. These include groups serving the marginalized, the needs of young and new families, reaching out to the lonely, fostering reciprocal relationships with the uniformed organisations, as well as various charity events.

ECUMENICAL RELATIONSHIPS

We enjoy reciprocal and positive relationships with churches of other denominations in the area, sharing membership of the ‘Churches Together in Whitton’ organisation. The CTiW organises events throughout the year and members of the parish are often central to those arrangements. The CTiW provide a free Christmas Lunch to those who would otherwise be alone at Christmas. This is offered to folk both to attend the Lunch in our Parish Hall or in the form of a ‘Take-Away’. We continue to be blessed with volunteers cooking the meal in our Hall, along with other volunteers driving to pick up and return those who attended or delivered the meal to others. We are truly grateful for this outreach ministry. This has been very much appreciated by all those who receive it, not only for the meal but also for the chance to be able to chat to someone else on such an important day.

We again held our annual ‘Walk of Witness’ through Whitton High Street on Good Friday, 7th April, culminating with a service at our church, including coffee and hot cross buns. We hosted the COVID Pandemic Memorial Service on 23rd March, to remember those lost during the pandemic. There was also a Service of Light service for TH Sanders Whitton Undertakers on 14th. Refreshments were provided for all of the above.

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PAROCHIAL CHURCH COUNCIL OF ST PHILIP & ST JAMES, WHITTON

TRUSTEES' ANNUAL REPORT (Continued) FOR THE YEAR ENDED 31ST DECEMBER 2023

FINANCIAL REVIEW

The Finance Group meets regularly in advance of PCC meetings for an in-depth review of the Church finances and their reports are included in the PCC meeting papers. A detailed breakdown of the financial activities of the PCC is contained in the financial statements attached to this report.

Income for Unrestricted Funds

£136,839 was generally £3,000 greater than 2022 but failed to achieve the £141,000 budget set.

Regular giving remained at 2022 level, there was a reduction in general giving, and hall lettings failed to return to the pre Covid levels expected, as the cost of living increases took effect on personal finances.

Expenditure on Unrestricted Funds

£141,444 was greater than 2022 due to the £15,000 increase in Common Fund offer made to the Diocese which had been based on the anticipated increase in income. Facing a year end deficit of £11,000 a successful Christmas Gift Appeal raised £6,500 resulting in a final year end deficit on Unrestricted Funds of £4,605.

To clarify the position with unrestricted balances - £20,000 earmarked for the replacement of our 35 years old church boilers has been moved to a Designated Church Boiler Replacement Fund and £18,000 from general reserves moved to the Designated Contingency Reserve.

Reserves Policy

It is PCC policy to try to maintain a balance on unrestricted funds which equates to at least 3 months unrestricted payments. This is equivalent to £30,000. It is held to smooth out fluctuations in cash flow and to meet emergencies. Cash balances held on unrestricted (including designated) funds at the year end, together with amounts payable to and by the PCC exceed this amount.

Financial policies have been reviewed and considered adequate.

7

PAROCHIAL CHURCH COUNCIL OF ST PHILIP & ST JAMES, WHITTON

TRUSTEES' ANNUAL REPORT (Continued) FOR THE YEAR ENDED 31ST DECEMBER 2023

VOLUNTEERS

The work of the parish is, in most cases, undertaken by volunteers. Excepting Fr David Cloake (up to September 2023) and Helen Bott succeeded by Theresa McDermott, who were our salaried Parish Administrator. Members of the parish offer time and talent on a voluntary basis. The Wardens would like to thank all members of the parish community who give so generously of their time and talents, often quietly and diligently, and without expectation of recognition.

STRUCTURE, GOVERNANCE AND MANAGEMENT

The method of appointment of PCC members is set out in the Church Representation Rules. At Ss Philip & James Church, the membership of the PCC consists of the Incumbent (our Vicar), two Churchwardens, two Licensed Lay Readers, three Deanery Synod members (one of whom represents the parish and deanery at the Diocesan Synod), together with members from among the community, elected by those who are on the Electoral Roll of the church. All worshipping members of the community are encouraged to enter their names on the Electoral Roll and stand for election to the PCC and who are over the age of 16 years.

The PCC members are responsible for making decisions on all matters of general concern and importance to the parish including deciding on how the funds of the PCC are to be spent. The PCC are advised by separate Working Groups who specialise in the various aspects of the PCC’s own work (Ministry, Finance, Estates, Events & Hospitality and Pastoral). New members are inducted into the functions and purposes of their membership of the PCC.

The full PCC met 9 times during the year with an average attendance of 80%. Given its wide responsibilities the PCC has, as described, constituted Working Groups who advise, research and make proposals on matters ready for the full consideration of the PCC in its meetings. The membership of these groups includes both members and non-members of the PCC from across the wider parish. 3 of the PCC meetings were jointly held with the St Stephen’s PCC during the year.

SAFEGUARDING

The PCC has complied with the duty under section 5 of the Safeguarding and Clergy Discipline Measure 2016, in relation to having due regard to House of Bishops’ guidance on safeguarding children and vulnerable adults.

ADMINISTRATIVE INFORMATION

Ss Philip & James’ Church is situated on Hounslow Road, Whitton. It is part of the Diocese of London within the Church of England. The correspondence address is The Vicarage, 205 Kneller Road, Whitton, TW2 7DY, and its PCC is a body corporate (PCC Powers Measure 1956, Church Representation Rules 2006) and a charity registered with the Charity Commission, being entered on its registers with the Charity Number 1144696.

PCC members who have served at any time from the 1st January 2023 until the date of this report are as follows

Ex Officio

Elected Members

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PAR(￿MIAL CHUACH COUNCIL OF ST PHtLIP & ST JAMES. WHTfTON TRUSTEE5' ANNUAL REPORT {Cntlnued) FQII THE YEAR ENDED 31ST DECEMBER 1023 Trustees Rwponibilitie& The trLees (Members of the PCCI are respMsAbSe for p￿paring the Annual Repwjrt and ttre financial statements In accorfance th applicable law and KingdDm AcLThin¥ng stsndards Iunrted knThJdorn G￿tralfy Accepted Accounbng Prathcel. The Charities Art 2011 require the twsrees to prepare finanoal stattsments for IIna￿l year ¥Yhich gl¥e a true and fair Vlew of the state af affair5 of ttre trust and of the surp1￿ of the tn& for that Ferioll. In yepanng those finjnoal statements the trystees a￿ required to: 11 Sdett sultabk accaunbng wlths ap￿ thEm 151 Make judgement5 and ￿rnateS that a￿ rea5ollab￿ and wdent 1111 Prepare flnanctsi staternents on the COrK￿ bags unless rt 15 iThoFyopriatt to presu￿ thai the trust ¥rflll con15nue In existence. The trustees are re5pM￿e for keeping prO￿r acctyJntiTrg that ¥¥lth ￿aSona￿e accurary at any Ume the finanoal ptsition of the chadty ar￿ enab￿ them to ensuo that the hnancial statements comply the Chari)es Art 2011, the apolicable Charity IAtcounts and Report51 Regulatlons and the WOViSKJns of Church Accounting Regulat￿n$ 2006. They are also responsible for safeguarding the assets OF the charbty aThJ herKe for taJng reasonable steps for the prev•Kth aTrY detectlon of fraud and other irre4ularibes. The trLStees are responLle for the maintenance and inregrity of the tharity and finanaal infrKmauen In￿￿ed on the charity's syebsite In accordance legwation in the iknited Kir4dom govemlng the preparatyon and dissemination of finanoal Approved by the Trustees afi .. 26 . -.2024 Signed on th•r beha￿ by......... . ............................-............... ... Prfntsd Name: M. A. Croucher- thoir

PAROCHIAL CHURCH COUNCIL OF ST PHILIP & ST JAMES, WHITTON

STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31ST DECEMBER 2023

Notes
INCOME FROM:
Donations & Legacies
3a
Other Trading Activities
3b
3c
Charitable Activities
3d
TOTAL INCOME
EXPENDITURE ON:
Charitable Activities
4a
Governance Costs
4b
TOTAL RESOURCES USED
NET INCOME/(EXPENDITURE)
NET MOVEMENT IN FUNDS
Balances Brought Forward
Transfer Between Funds
5,6
BALANCES CARRIED FORWARD
Investments		 Unrestricted
Designated
Restricted
TOTAL
TOTAL
Funds
Funds
Funds
2023
2022
£
£
£
£
£
84,742
-
850
85,592
107,501
49,134
161
-
49,295
48,298
516
-
-
516
44
2,447
-
-
2,447
1,597
136,839
161
850
137,850
157,440
136,475
793
2,478
139,746
142,722
4,969
-
-
4,969
5,220
141,444
793
2,478
144,715
147,942
(4,605)
(632)
(1,628)
(6,865)
9,498
(4,605)
(632)
(1,628)
(6,865)
9,498
58,476
569,131
57,439
685,046
675,548
(38,000)
38,000
-
-
-
15,871
606,499
55,811
678,181
685,046

Movements on all reserves and all recognised gains and losses are shown above. All of the PCC's operations are classed as continuing.

The notes on pages 12 to 21 form part of these financial statements.

10

PAROCIIIAL CHURCH CIXINCIL OF ST PHIUP & ￿ JAMES, WHTfTON BALANCE SMEET AS AT 31sr DECEMBER 2023 Totsl 31-Dec-23 Total 31-Dec-22 Funds Fut¥Js Fun¢Js Mote Flxed Assets Tangible Assets 465,000 465,0(M) 465,000 Current Assets t>ebtors & p￿payMertS Cash at *nk and In Hand Total Current Assets 7.078 150 7,228 6,224 227 907 141.499 Creditors: Due Within One Year 6,820 871 7.691 14,085 NEY CURRENT ASSETS 15.871 141,499 55,811 213,181 220,046 TOTAL ASSETS currert Iiabilths 14 55, 13.1 r¢dltors: Oue In More than One Y&ir io 14ET ASSETS Funds of the Charlty Unrestncted Funds Designat& Funds Resrricted Fund5 15.871 15.871 606.499 55.811 58,476 569,131 57,439 606,499 55.811 .2024 Signed on their behaw by....... prtnted Name.. M.A.CrDuthtr. Chair

PAROCHIAL CHURCH COUNCIL OF ST PHILIP & ST JAMES, WHITTON

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31ST DECEMBER 2023

1. ACCOUNTING POLICIES

a) Basis of Preparation of Financial Statements & Assessment of Going Concern

The accounts are prepared under the historical cost convention, in accordance with the Church Accounting Regulations 2006 and Accounting and Reporting by Charities: Statement of Recommended Practice applicable to Charities preparing their accounts in accordance with FRS 102 (effective 1 January 2019) - (Charities SORP (FRS 102)) and the Charities Act 2011.

The primary objective of the charity is to promote the gospel of our Lord Jesus Christ according to the doctrine and practice of the Church of England. The charity meets the definition of a public benefit entity under FRS 102.

Assets and liabilities are initially recognised at historical cost or transaction value unless otherwise stated in the relevant accounting policy notes.

There are no material uncertainties about the charity’s ability to continue as a going concern.

The church is a registered charity in England and Wales. The Trustees are the members of the PCC named on page 8.

b) Changes to accounting estimates and changes to previous accounts

No changes to accounting estimates have occurred in the reporting period.

It has come to light this year, that the shared expenses attributable to SSH during the previous year had been understated in the published accounts. There is no effect on the overall expenditure reported, and no effect on the overall position of the Statement of Financial Activities or Balance Sheet.

For transparancy, the position can be explained as follows:

As shown in Note 4a)
Expenditure
Reimbursed recharged expenses		 2022
£
as originally
stated
145,052
(2,330)
142,722		 2022
£
as re-stated
147,381
(4,659)
142,722

c) Fund accounting

PCC funds are required to be analysed under specific headings, as follows.

General funds represent the ‘free’ funds of the PCC that are not subject to any restriction regarding their use and are available for application for the general purposes of the PCC.

Designated funds are earmarked by the PCC for purposes but are nevertheless still unrestricted as the PCC can reassign the funds if it wishes.

Restricted funds are funds collected or donated for a purpose and cannot be used by the PCC for any other purpose except by agreement with the donor.

The funds of the PCC have been appropriately analysed, and the statement of financial activities has been prepared in accordance with this analysis.

d) Accounting Requirements

The accounts are required to include all transactions, assets and liabilities for which the PCC can be held responsible.

e) Income

(i) Donations - Collections and planned giving are included in the SOFA when the funds are received. Income tax recoverable on gift aid donations is recognised when claimable.

(ii) Other donations - Any grants or legacies to the PCC are accounted for as soon as the PCC is notified of its legal entitlement and the amount due.

12

PAROCHIAL CHURCH COUNCIL OF ST PHILIP & ST JAMES, WHITTON

NOTES TO THE FINANCIAL STATEMENTS (continued) FOR THE YEAR ENDED 31ST DECEMBER 2023

(iii) Trading and ancillary activities: All funds raised by parish activities such as the bookstall, and catering etc. are accounted for gross. Rental income from non-investment property and room lettings is recognised when the rental is due. Parochial fees for weddings, funerals etc., are accounted for when due.

(iv) Investments - Income earned on short-term deposits with the bank and Central Board of Finance is accounted for when received. Realised gains or losses are recognised when investments are sold. Unrealised gains or losses are accounted for on revaluation of investments at the year-end.

(v) Volunteer help - The value of any voluntary help received is not included in the accounts but is described in the trustees' annual report.

(vi) Government grants - The PCC has not received government grants in this financial year.

f) Application of Resources

(i) Grants and outward giving are accounted for in the SOFA when paid, unless an obligation, whether constructive or legal, exists to the recipient in accordance with the Charities SORP and FRS102.

(ii) Parish share and other costs directly relating to the work and activities of the Church are accounted for when they are incurred or become due and payable.

(iii) Governance costs - includes costs of the preparation and examination of statutory accounts, the costs of the trustees' meetings and cost of any legal advice to trustees on governance or constitutional matters.

(iv) Redundancy costs - The PCC made no redundancy payments during the reporting period.

(v) Pensions - The PCC recognise their responsibility to comply with Statutory Regulation to enrol into a qualifying pension fund any eligible employee who is not already an active member of such scheme. Contributions are charged to the Statement of Financial Activities as they become payable in accordance with the rules of the scheme.

(vi) Offsetting - There has been no offsetting of assets and liabilities, or income and expenses, unless required or permitted by the FRS 102 SORP or FRS 102.

vii) Deferred income - One item of deferred income has been included in the accounts.

g) Fixed Assets

(i) Consecrated land and buildings and moveable church furnishings - Consecrated and beneficed property, is excluded from the accounts by S10(2)(a & c) of the Charities Act 2011. No value is attributed to moveable church furnishings held by the 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 during the year on consecrated or beneficed buildings and moveable church furnishings, whether for maintenance or improvement, is written off as expenditure in the SOFA and separately disclosed.

(ii) Other land and buildings - Other land and buildings held on behalf of the PCC for its own purposes are valued at a fair but prudent valuation which is a reasonable estimate of the current value “in use” of the property. No depreciation has been charged in respect of such properties as they are kept in sound condition and any expenditure on maintenance or improvement following regular review is written off as incurred.

(iii) Other fixtures, fittings and office furniture - Equipment used for church purposes is capitalised and written off on a straight-line basis over the assets estimated useful life.

Routine replacements and renewals are written off as expenditure in the SOFA. Other equipment purchases of under £1,500 are also written off as expenditure in the SOFA.

13

PAROCHIAL CHURCH COUNCIL OF ST PHILIP & ST JAMES, WHITTON

NOTES TO THE FINANCIAL STATEMENTS (continued) FOR THE YEAR ENDED 31ST DECEMBER 2023

1. ACCOUNTING POLICIES

h) Current Assets

Amounts owing to the PCC at the year end in respect of tax reclaims and other income are shown as debts less any provision for amounts which may prove to be uncollectable. Short-term deposits include cash held on deposit either with the Central Board of Finance or at a bank.

i) Tax Status

As a charity, the PCC is exempt from paying income and corporation tax but does have to pay value added tax.

j) Depreciation Expense

Depreciation is provided at rates calculated to write off the cost less residual value of each asset over its expected useful life on a straight line basis and are as follows:

Fixtures & Fittings 25% - Straight Line Basis Equipment 33% - Straight Line Basis

2. TANGIBLE FIXED ASSETS

Designated General Restoration
Fund Fund Fund
Land & Church Buildings & 2023
Buildings Equipment Fixtures Total
£ £ £ £
Cost 01-Jan-23 465,000 11,998 12,627 24,625
Additions - - - -
Revaluation - - - -
Cost at 31-Dec-23 465,000 11,998 12,627 24,625
Depreciation 01-Jan-23 - 11,998 12,627 24,625
Charge - - - -
Depreciation at 31-Dec-23 - 11,998 12,627 24,625
Net Book Value 31-Dec-23 465,000 - - 465,000
Net Book Value 31-Dec-22 465,000 - - 465,000

The annual commitments under non-cancelling operating leases and capital commitments are as follows: 31st December 2023: None

31st December 2022: None

The PCC owns a hall, built during the 1950’s and extensively refurbished in 2012 at a capital cost of £220,000. As a consequence the June 2014 Ecclesiastical Insurance valuation of the hall on a “replacement as new basis” was £465,000. This has been adopted as the deemed cost in accordance with FRS102.

No depreciation is provided on the hall, as the currently estimated residual value of the properties is not less than their carrying value and the remaining useful life of these assets currently exceeds 50 years, so that any depreciation charges would be immaterial. An impairment review is carried out at each year end and any resultant loss identified included in expenditure for the year.

14

PAROCHIAL CHURCH COUNCIL OF ST PHILIP & ST JAMES, WHITTON

NOTES TO THE FINANCIAL STATEMENTS (continued) FOR THE YEAR ENDED 31ST DECEMBER 2023

3. INCOME

Donations & Appeals
Gift Aid Donations
Gift Aid Tax Recoverable
Grants
b) Other Trading Activities
Church Hall & Room Letting
Fundraising Events
Bank Interest
d) Charitable Activities
Statutory Fees (Weddings, Funerals)
c) Investments
a) Donations & Legacies		 Unrestricted
Designated
Restricted
TOTAL
TOTAL
Funds
Funds
Funds
2023
2022
£
£
£
£
£
9,090
700
9,790
20,234
60,827
-
-
60,827
59,850
14,825
-
150
14,975
17,276
-
-
-
-
10,141
84,742
-
850
85,592
107,501
20,398
61
-
20,459
20,294
28,736
100
-
28,836
28,004
49,134
161
-
49,295
48,298
516
-
-
516
44
516
-
-
516
44
2,447
-
-
2,447
1,597
2,447
-
-
2,447
1,597

15

PAROCHIAL CHURCH COUNCIL OF ST PHILIP & ST JAMES, WHITTON

NOTES TO THE FINANCIAL STATEMENTS (continued)

FOR THE YEAR ENDED 31ST DECEMBER 2023

4. EXPENDITURE

Administrative Expenses
Church Repairs & Maintenance
Church Running Costs
Church Upkeep
Cleaning Costs
Clergy & Staff Costs
Cost of Church Services
Diocesan Common Fund
Education & Training
Fairs & Fundraising Costs
Hall Repairs & Maintenance
Hall Running Costs
Magazine Expenses
Organ Scholarship
Travel Expenses
Reimbursement of recharged shared expenses
a) Charitable Activities*		 Unrestricted
Designated
Restricted
TOTAL
TOTAL
Funds
Funds
Funds
2023
2022
£
£
£
£
£
7,808
-
-
7,808
7,175
2,465
-
206
2,671
21,122
6,805
-
-
6,805
3,435
3,742
1,570
5,312
5,830
4,944
-
-
4,944
4,842
14,187
-
-
14,187
21,516
7,475
-
-
7,475
5,931
75,000
-
-
75,000
59,640
209
243
-
452
39
7,267
-
52
7,319
5,683
4,726
-
-
4,726
5,934
4,990
-
-
4,990
5,284
-
-
-
-
425
550
650
1,200
400
330
-
-
330
125
(3,473)
-
-
(3,473)
(4,659)
136,475
793
2,478
139,746
142,722
Intern
Parish Administrator
Telephone
Administration
Vicars Expenses		 Re-stated
2023
2022
£
£
-
1,247
2,262
2,238
95
99
751
447
365
628
3,473
4,659

The actual amount invoiced to St Stephens Hounslow by the PCC of St Philip and St James, Whitton for shared and directly attributable costs is detailed in note 14.

The actual amount invoiced to St Stephens Hounslow by the PCC of St Philip and St James, Whitton for shared and directly
attributable costs is detailed in note 14.		 The actual amount invoiced to St Stephens Hounslow by the PCC of St Philip and St James, Whitton for shared and directly
attributable costs is detailed in note 14.
Re-stated
2023
2022
£
£
Invoiced to St Stephens Hounslow for shared and directly attributable costs
6,421 9,361
Less Re-imbursement by St Stephens Hounslow of recharged shared expenses (see above)
(3,473) (4,659)
b) Governance Costs Unrestricted
Designated
Restricted
TOTAL
TOTAL
Funds
Funds
Funds
2023
2022
£
£
£
£
£
Independent Examiners Fees 1,072
-
-
1,072
1,040
Insurance Costs 3,897
-
-
3,897
4,180
4,969
-
-
4,969
5,220

16

PAROCHIAL CHURCH COUNCIL OF ST PHILIP & ST JAMES, WHITTON

NOTES TO THE FINANCIAL STATEMENTS (continued)

FOR THE YEAR ENDED 31ST DECEMBER 2023

5. DESIGNATED FUNDS

CURRENT FINANCIAL YEAR

Building Fund
Children & Young People
Church Boiler Replacement
Clergy Retreats
Friends of St Philip and St James
Parish Hall Fund
Outreach
Reserve Contingency		 Balance
Balance
01-Jan-23
Income
Expenditure
Transfers
31-Dec-23
£
£
£
£
£
85,696
-
-
-
85,696
4,569
-
(793)
-
3,776
-
-
-
20,000
20,000
384
-
-
-
384
527
-
-
-
527
465,000
-
-
-
465,000
955
161
-
-
1,116
12,000
-
-
18,000
30,000
569,131
161
(793)
38,000
606,499

PREVIOUS FINANCIAL YEAR

Building Fund
Children & Young People
Clergy Retreats
Friends of St Philip and St James
Parish Hall Fund
Outreach
Reserve Contingency		 Balance
Balance
01-Jan-22
Income
Expenditure
Transfers
31-Dec-22
£
£
£
£
£
85,696
-
-
-
85,696
4,715
-
(146)
-
4,569
384
-
-
-
384
1,027
-
(500)
-
527
465,000
-
-
-
465,000
1,073
346
(464)
-
955
12,000
-
-
-
12,000
569,895
346
(1,110)
-
569,131

The Churches designated funds are represented by cash reserves held and fixed assets held and are to be expended as described above.

17

PAROCHIAL CHURCH COUNCIL OF ST PHILIP & ST JAMES, WHITTON

NOTES TO THE FINANCIAL STATEMENTS (continued) FOR THE YEAR ENDED 31ST DECEMBER 2023

6. RESTRICTED FUNDS

CURRENT FINANCIAL YEAR

Bench Appeal
Bereavement Café
Church Re-ordering Fund (Chairs)
Church Re-ordering Fund
Church Re-ordering Benefact Trust Fund
Organ Scholar Support Fund
Vicars Discretionary Fund		 Balance
Balance
01-Jan-23
Income
Expenditure
Transfers
31-Dec-23
£
£
£
£
£
1,812
(1,776)
-
36
250
100
(52)
298
25,000
-
25,000
25,000
-
25,000
4,380
-
4,380
400
750
(650)
-
500
597
-
597
57,439
850
(2,478)
-
55,811

PREVIOUS FINANCIAL YEAR

Church Grounds
Bench Appeal
Bereavement Café
Church Re-ordering Fund (Chairs)
Church Re-ordering Fund
Church Re-ordering Benefact Trust Fund
Civic Pride Fund
Organ Repair Fund
Organ Scholar Support Fund
Playground Fencing Fund
Vicars Discretionary Fund
Vicarage and Intern Fund
Wickstone Fund		 Balance
Balance
01-Jan-22
Income
Expenditure
Transfers
31-Dec-22
£
£
£
£
£
-
-
-
-
-
1,635
178
(1)
-
1,812
-
250
-
250
25,000
-
-
-
25,000
25,000
-
-
-
25,000
-
7,500
(3,120)
-
4,380
196
-
(196)
-
-
12
14,673
(14,685)
-
-
-
600
(200)
-
400
1,000
-
(1,000)
-
-
597
-
-
-
597
176
344
(520)
-
-
54
-
(54)
-
-
53,670
23,545
(19,776)
-
57,439

The Bench Appeal Fund is to provide benches and sensory planting in our grounds as a lasting legacy of the Covid19 pandemic.

The Church Re-ordering Fund (Chairs) comprises a donation specifically given for the purchase of chairs to replace the pews in a church re-ordering project.

The Church Re-ordering Fund comprises a donation specifically to assist towards the funding of a new floor in the church, or to relocate the font, or to move the organ console to a new position, in a church re-ordering project.

The LBR Community Fund & LBR Civic Pride Fund are grants to be used for the improved access from the parish hall to the Church grounds.

The Wickstone Fund comprises the collection and donations made following the death of Wendy Wickstone in June 2015. The fund purpose is the encouragement of young people within the ecclesiastical parish in their personal, moral and spiritual growth.

18

PAROCHIAL CHURCH COUNCIL OF ST PHILIP & ST JAMES, WHITTON

NOTES TO THE FINANCIAL STATEMENTS (continued) FOR THE YEAR ENDED 31ST DECEMBER 2023

6. RESTRICTED FUNDS (continued)

The Vicarage and Intern Fund represents donations to support a parish intern to be accommodated at St Stephen’s Vicarage.

The Restricted funds are represented by current assets and liabilities and cash funds held by the PCC and are to be expended as specified above.

7. CASH AT BANK AND IN HAND

Cash at Bank and in Hand Unrestricted
Designated
Restricted
Total
Total
Funds
Funds
Funds
31-Dec-23
31-Dec-22
£
£
£
£
£
15,613
141,499
56,532
213,644
227,907
15,613
141,499
56,532
213,644
227,907

8. DEBTORS & PREPAYMENTS

Gift Aid Tax Recoverable
Payroll - HMRC credit balance held
Prepayments
Sequestration
St Stephens Hounslow (note 14)
Sundry Debtors		 Unrestricted
Designated
Restricted
Total
Total
Funds
Funds
Funds
31-Dec-23
31-Dec-22
£
£
£
£
£
4,207
-
150
4,357
4,237
202
-
-
202
-
-
-
-
-
65
189
-
-
189
-
1,688
-
-
1,688
1,922
792
-
-
792
-
7,078
-
150
7,228
6,224

9. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

Deferred Income (note 9a)
Independent Examiners Fees
Sundry Creditors
Third Party Funds (note 14)		 Unrestricted
Designated
Restricted
Total
Total
Funds
Funds
Funds
31-Dec-23
31-Dec-22
£
£
£
£
£
3,332
-
-
3,332
3,430
1,068
-
-
1,068
1,044
2,420
-
-
2,420
8,227
-
-
871
871
1,384
6,820
-
871
7,691
14,085
9a) DEFERRED INCOME
£
Deferred income brought forward 1-Jan-23 3,430
Utilised in the year (3,430)
Receipts in 2023 for 2024 3,332
Deferred income as at 31-Dec-23 3,332

The deferred income represents deposits received in advance in 2023, for events in 2024.

10. CREDITORS: AMOUNTS FALLING DUE IN MORE THAN ONE YEAR ONE YEAR

The PCC of St Philip & St James, Whitton held no long term liabilities during this or the previous financial year.

19

PAROCHIAL CHURCH COUNCIL OF ST PHILIP & ST JAMES, WHITTON

NOTES TO THE FINANCIAL STATEMENTS (continued) FOR THE YEAR ENDED 31ST DECEMBER 2023

11. ANALYSIS OF NET ASSETS BY FUND

Fixed Assets and Investments
Current Assets
12. STAFF COSTS AND NUMBERS
Gross Wages and Salaries
Employer's National Insurance Costs
Employers Allowance
Employer Pension Contributions
Employees who were engaged in each of the following activities:
Activities in furtherance of organisation's objects		 Unrestricted
Restricted
Fund
Fund
£
£
465,000
-
157,370
55,811
622,370
55,811
2023
£
12,116
626
(626)
207
12,323
2023
1		 Total
Total
31-Dec-23
31-Dec-22
£
£
465,000
465,000
213,181
220,046
678,181
685,046
2022
£
12,058
434
(434)
1,589
13,647
2022
1

The organisation operates a PAYE scheme to pay all employed members of staff and the organisation also engages the services of two self employed organists, who are responsible for their own reporting of tax and national insurance liability to HMRC. No employees received emoluments in excess of £60,000. (2022: None).

13. PAYMENTS TO PCC MEMBERS

The incumbent received working expenses totalling £795 (of which £365 were reimbursed to the Church by SSH as shared costs) (2022: total working expenses £1,936, SSH reimbursed £628) and the water rates and telephone expenses paid for the vicarage by the church totalled £1,069 (2022: £1,614). These expenses were necessarily incurred in connection with the incumbent's ministerial duties.

One PCC Member Mr M Croucher provided services to the PCC in the form of design and printing, through a limited company of which he is a director. The amount paid in 2023 was £160 (2022: £760). These services were provided in addition to carrying out normal PCC Member duties. This payment is permitted under the provisions of the Charities Act 2011. He was not paid for being a PCC Member.

Apart from reimbursement of charitable expenditure such as reimbursement of minor items, mainly consumables, purchased on behalf of and with prior agreement of the PCC, no other payments were made to PCC Members or any persons connected with them during this financial period. No material transaction took place between the charity and a PCC Member or any person connected with them.

14. THIRD PARTY (AGENCY) FUNDS

The PCC collected and paid out funds on behalf of other charities, individuals and organisations. The Trustees have no control over the funds.

Funds received and paid out as agent were as follows:

Balance brought forward 1 January 2023
Receipts
Expenditure
Balance still to pay over at 31 December 2023		 2023
2022
£
£
1,384
990
9,302
6,323
(9,815)
(5,929)
871
1,384

Funds paid out of behalf of St Stephens Hounslow, and subsequently reimbursed were as follows:

Balance brought forward as due to the PCC at 1 January 2023
Expenditure on shared expenses
Expenditure that can be directly attributed to St Stephens, Hounslow
Reimbursement received
Balance still to be reimbursed to the PCC at 31 December 2023		 2023
2022
£
£
1,922
1,914
3,473
4,624
2,948
4,737
(6,655)
(9,353)
1,688
1,922

20

PAROCHIAL CHURCH COUNCIL OF ST PHILIP & ST JAMES, WHITTON

NOTES TO THE FINANCIAL STATEMENTS (continued) FOR THE YEAR ENDED 31ST DECEMBER 2023

15. RISK ASSESSMENT

The Trustees actively review the major risks which the charity faces on a regular basis and believe that maintaining the free reserves stated, combined with the annual review of the controls over key financial systems carried out on an annual basis will provide sufficient resources in the event of adverse conditions. The Trustees have also examined other operational and business risks which they face and confirm that they have established systems to mitigate the significant risks.

16. RESERVES POLICY

The Trustees have considered the level of reserves they wish to retain, appropriate to the charity's needs. This is based on the charity's size and the level of financial commitments held. The Trustees aim to ensure the charity will be able to continue to fulfil its charitable objectives even if there is a temporary shortfall in income or unexpected expenditure. The trustees will endeavour not to set aside funds unnecessarily.

17. PUBLIC BENEFIT

The Charity acknowledges its requirement to demonstrate clearly that it must have charitable purposes or ‘aims’ that are for the public benefit. Details of how the charity has achieved this are provided in the Trustees report. The Trustees confirm that they have paid due regard to the Charity Commission guidance on public benefit before deciding what activities the charity should undertake.

21