## **The Parish of St John the Baptist, Old Malden** _Registered Charity No 1145155_ **Financial Statements of the Parochial Church Council for the year ended** ## **31[st] December 2023** ## **Incumbent** _The Reverend Michael Roper Vicarage: 5, Vicarage Close, off Paddock Close Worcester Park KT4 7LZ_ ## **Banks** _NatWest Bank plc Worcester Park Branch Barclays Bank plc Worcester Park Branch_ ## **Independent Examiner** _Nilkunj Dodhia BSc FCA MBA_ _Page 1_ ## **Statement of Financial Activities** ||**Unrestricted**
**Restricted**
**Endowment**
**Total**
**Prior year**
**funds**
**funds**
**funds**
**funds**
**total funds**| |---|---| |**Income and endowments from:**
Donations and legacies
Income from charitable activities
Other trading activities
Investments
**Total income**
**Expenditure on:**
Raising funds
Expenditure on charitable activities
**Total expenditure**
**Net income / (expenditure) resources before transfer**
**Transfers**
Gross transfers between funds - in
Gross transfers between funds - out
**Other recognised gains / losses**
**Net movement in funds**
**Total funds brought forward**
**Total funds carried forward**
**Represented by**
**Unrestricted**
General fund
**Designated**
Christmas Day Event
Church Hall
Churchyard
Restoration (Formerly Church Building Major Works)
**Restricted**
Angel Project Appeal
Bereavement Cafe
Bishop's Lent Appeal
Christian Aid
Christmas Day Event
Church Building
Churchyard
Harvest Appeal
MPS School Leavers' Bibles Appeal
Organ
Roy Clough
Scouts
**Endowment**
Parish Endowment|117,418
2,800
—
120,218
100,275
1,453
5,046
—
6,499
8,762
11,701
1,232
—
12,933
10,110
2,456
718
—
3,174
1,771| ||**133,028**
**9,795**
**—**
**142,823**
**120,918**
197
4
—
202
166
146,848
8,306
—
155,154
129,899| ||**147,045**
**8,310**
**—**
**155,355**
**130,066**| ||**(14,018)**
**1,485**
**—**
**(12,532)**
**(9,148)**
730
—
—
730
—
—
(730)
—
(730)
—| ||**(13,288)**
**756**
**—**
**(12,532)**
**(9,148)**| ||**95,079**
**23,794**
**3,686**
**122,559**
**131,707**| ||**81,791**
**24,549**
**3,686**
**110,027**
**122,559**
55,976
—
—
55,976
59,364
813
—
—
813
1,356
25,000
—
—
25,000
25,000
—
—
—
—
114
2
—
—
2
9,245
—
56
—
56
1,086
—
1,732
—
1,732
1,732
—
893
—
893
286
—
(19)
—
(19)
730
—
601
—
601
—
—
9
—
9
—
—
222
—
222
—
—
76
—
76
76
—
16
—
16
61
—
19,137
—
19,137
18,112
—
1,776
—
1,776
1,704
—
49
—
49
8
—
—
3,686
3,686
3,686| _Page 2_ ## **Balance sheet** ||**Total funds**
**Prior year funds**| |---|---| |**Fixed assets**
Tangible assets
Heritage assets
Investments
**Current assets**
Debtors
Cash at bank and in hand
**Liabilities**
Creditors: Amounts falling due in one year
**Net current assets less current liabilities**
**Total assets less current liabilities**
**Total net assets less liabilities**
**Represented by**
**Unrestricted**
General fund
**Designated**
Church Building
Parish Office Computer
Church Hall
Christmas Day Event
Vicar's Fund
Churchyard
Restoration (Formerly Church Building Major Works)
**Restricted**
Bishop's Lent Appeal
Christmas Day Event
Churchyard
Restoration (Formerly Church Building Major Works)
MPS School Leavers' Bibles Appeal
Covid-19 Costs Grant
Harvest Appeal
Angel Project Appeal
Foodbank General Appeal
Agency collection
Bereavement Cafe
Christian Aid
Epiphany Gifts
Scouts
Ukraine Appeal 2022
Church Building
Organ
Roy Clough
**Endowment**
Parish Endowment
**Funds of the church**|6,087
—
25,000
25,000
32,933
42,862| ||**64,019**
**67,862**
15,225
14,269
39,441
52,648| ||**54,665**
**66,917**
8,658
12,219| ||**8,658**
**12,219**| ||**46,007**
**54,698**| ||**110,027**
**122,559**| ||**110,027**
**122,559**
55,976
59,364
—
—
—
—
25,000
25,000
813
1,356
—
—
—
114
2
9,245
893
286
601
—
222
—
—
—
16
61
—
—
76
76
56
1,086
—
—
—
—
1,732
1,732
(19)
730
—
—
49
8
—
—
9
—
19,137
18,112
1,776
1,704
3,686
3,686| ||**110,027**
**122,559**| _Page 3_ ## **Statement of assets and liabilities** ||**This year**
**Last year**| |---|---| |**Heritage assets**
**Church Hall**
Church Hall (Designated) -
**Total for Heritage assets**
**Investments**
**CBF 637054001S**
Parish Endowment (Endowment) -
**CBF 137002132S**
Parish Endowment (Endowment) -
**CBF 637054001D (Roy Clough Legacy)**
Roy Clough (Restricted) -
**CBF 637054002D**
General fund (Unrestricted) -
**Total for Investments**
**Tangible assets**
**Hot Cupboard**
Christmas Day Event (Designated) -
Christmas Day Event (Restricted) -
**Printer**
General fund (Unrestricted) -
**Total for Tangible assets**
**Cash at bank and in hand**
**NatWest Current account**
Bereavement Cafe (Restricted) -
Bishop's Lent Appeal (Restricted) -
Christian Aid (Restricted) -
Epiphany Gifts (Restricted) -
Scouts (Restricted) -
Church Building (Designated) -
Organ (Restricted) -
Roy Clough (Restricted) -
Christmas Day Event (Designated) -
Churchyard (Designated) -
MPS School Leavers' Bibles Appeal (Restricted) -
Covid-19 Costs Grant (Restricted) -
Harvest Appeal (Restricted) -
Angel Project Appeal (Restricted) -
General fund (Unrestricted) -
Agency collection (Restricted) -|25,000
25,000| ||**25,000**
**25,000**| ||**25,000**
**25,000**
771
771| ||**771**
**771**
500
500| ||**500**
**500**
1,662
1,590| ||**1,662**
**1,590**
30,000
40,000| ||**30,000**
**40,000**| ||**32,933**
**42,862**
496
—
251
—| ||**747**
**—**
5,340
—| ||**5,340**
**—**| ||**6,087**
**—**
1,732
1,732
862
286
(38)
730
(171)
—
47
8
—
(6)
2,958
2,085
114
114
353
1,023
—
(271)
(59)
58
—
79
31
31
(231)
683
6,183
(2,001)
—
90| ||**11,782**
**4,641**| _Page 4_ |**Barclays Current Account**
Epiphany Gifts (Restricted) -
Parish Endowment (Endowment) -
Christmas Day Event (Designated) -
Churchyard (Restricted) -
Harvest Appeal (Restricted) -
Angel Project Appeal (Restricted) -
General fund (Unrestricted) -
**NatWest PGS Account**
General fund (Unrestricted) -
**NatWest Restoration Account**
Restoration (Formerly Church Building Major Works) (Designated) -
**NatWest Deposit Account**
Church Building (Designated) -
Church Building (Restricted) -
General fund (Unrestricted) -
**Barclays Number 4**
Organ (Restricted) -
**Barclays Number 6**
Churchyard (Designated) -
Churchyard (Restricted) -
Restoration (Formerly Church Building Major Works) (Designated) -
General fund (Unrestricted) -
**Cash in hand**
Christmas Day Event (Designated) -
General fund (Unrestricted) -
**Total for Cash at bank and in hand**
**Debtors**
**Accounts Receivable**
Bishop's Lent Appeal (Restricted) -
Christian Aid (Restricted) -
Epiphany Gifts (Restricted) -
Scouts (Restricted) -
Church Building (Designated) -
Christmas Day Event (Designated) -
Christmas Day Event (Restricted) -
Churchyard (Designated) -
Churchyard (Restricted) -
MPS School Leavers' Bibles Appeal (Restricted) -
Harvest Appeal (Restricted) -
Angel Project Appeal (Restricted) -
General fund (Unrestricted) -
Agency collection (Restricted) -
**Total for Debtors**|This year
Last year
128
—
2,415
2,415
6
—
113
—
75
72
—
184
2,625
10,835| |---|---| ||**5,362**
**13,506**
896
3,601| ||**896**
**3,601**
1
7,456| ||**1**
**7,456**
—
8
9
—
3,923
3,778| ||**3,932**
**3,786**
16,179
16,027| ||**16,179**
**16,027**
—
500
2
—
1
2,500
505
1| ||**507**
**3,001**
500
600
280
30| ||**780**
**630**| ||**39,441**
**52,648**
31
—
19
—
43
—
3
—
—
101
—
316
350
—
—
114
108
—
75
3
—
3
596
419
14,001
12,805
—
508| ||**15,225**
**14,269**| ||**15,225**
**14,269**| _Page 5_ |**Agency accounts**
**Agency collections**
Agency collection (Restricted) -
**Total for Agency accounts**
**Creditors: Amounts falling due in one year**
**Accounts Payable**
Church Building (Designated) -
Christmas Day Event (Designated) -
Churchyard (Designated) -
Restoration (Formerly Church Building Major Works) (Designated) -
Covid-19 Costs Grant (Restricted) -
Harvest Appeal (Restricted) -
Angel Project Appeal (Restricted) -
General fund (Unrestricted) -
**Total for Creditors: Amounts falling due in one year**
**Grand total**|This year
Last year
—
(598)| |---|---| ||**—**
**(598)**| ||**—**
**(598)**
—
(104)
(542)
(583)
—
(229)
—
(711)
—
(79)
(30)
(30)
(320)
(200)
(7,766)
(9,685)| ||**(8,658)**
**(11,621)**| ||**110,027**
**122,559**| _Page 6_ ## **Fund movement by type** ||**Opening Incoming Outgoing Transfers Gains/losses Journals Closing**| |---|---| |**BLA - Bishop's Lent Appeal**
Restricted
**Sub-total for BLA**
**Bereavemen - Bereavement Cafe**
Restricted
**Sub-total for Bereavemen**
**CAid - Christian Aid**
Restricted
**Sub-total for CAid**
**Epiphany - Epiphany Gifts**
Restricted
**Sub-total for Epiphany**
**Scouts - Scouts**
Restricted
**Sub-total for Scouts**
**ChurchBldg - Church Building**
Designated
Restricted
**Sub-total for ChurchBldg**
**ChurchHall - Church Hall**
Designated
**Sub-total for ChurchHall**
**Organ - Organ**
Restricted
**Sub-total for Organ**
**RoyClough - Roy Clough**
Restricted
**Sub-total for RoyClough**
**Endowment - Parish Endowment**
Endowment
**Sub-total for Endowment**
**XmasEvent - Christmas Day Event**
Designated
Restricted
**Sub-total for XmasEvent**
**ChrchYd - Churchyard**
Designated
Restricted
**Sub-total for ChrchYd**
**Restn - Restoration**
Designated
Restricted
**Sub-total for Restn**|286
608
—
—
—
—
893| ||**286**
**608**
**—**
**—**
**—**
**—**
**893**
1,732
14
14
—
—
—
1,732| ||**1,732**
**14**
**14**
**—**
**—**
**—**
**1,732**
730
892
910
(730)
—
—
(19)| ||**730**
**892**
**910**
**(730)**
**—**
**—**
**(19)**
—
1,094
1,094
—
—
—
—| ||**—**
**1,094**
**1,094**
**—**
**—**
**—**
**—**
8
43
1
—
—
—
49| ||**8**
**43**
**1**
**—**
**—**
**—**
**49**
—
—
—
—
—
—
—
—
580
571
—
—
—
9| ||**—**
**580**
**571**
**—**
**—**
**—**
**9**
25,000
—
—
—
—
—
25,000| ||**25,000**
**—**
**—**
**—**
**—**
**—**
**25,000**
18,112
1,312
286
—
—
—
19,137| ||**18,112**
**1,312**
**286**
**—**
**—**
**—**
**19,137**
1,704
71
—
—
—
—
1,776| ||**1,704**
**71**
**—**
**—**
**—**
**—**
**1,776**
3,686
—
—
—
—
—
3,686| ||**3,686**
**—**
**—**
**—**
**—**
**—**
**3,686**
1,356
—
542
—
—
—
813
—
850
249
—
—
—
601| ||**1,356**
**850**
**791**
**—**
**—**
**—**
**1,414**
114
—
114
—
—
—
—
—
477
255
—
—
—
222| ||**114**
**477**
**370**
**—**
**—**
**—**
**222**
9,245
10
9,253
—
—
—
2
—
25
25
—
—
—
—| ||**9,245**
**35**
**9,278**
**—**
**—**
**—**
**2**| _Page 7_ |**MPSBIBLES - MPS School Leavers'**
Restricted
**Sub-total for MPSBIBLES**
**Harvest - Harvest Appeal**
Restricted
**Sub-total for Harvest**
**ANGEL - Angel Project Appeal**
Restricted
**Sub-total for ANGEL**
**General - General fund**
Unrestricted
**Sub-total for General**
**Grand total**|**Opening**
**Incoming**
**Outgoing**
**Transfers**
**Gains/**
**losses**
**Journals**
**Closing**
61
348
393
—
—
—
16| |---|---| ||**61**
**348**
**393**
**—**
**—**
**—**
**16**
76
—
—
—
—
—
76| ||**76**
**—**
**—**
**—**
**—**
**—**
**76**
1,086
3,482
4,511
—
—
—
56| ||**1,086**
**3,482**
**4,511**
**—**
**—**
**—**
**56**
59,364
133,017
137,135
730
—
—
55,976| ||**59,364**
**133,017**
**137,135**
**730**
**—**
**—**
**55,976**| ||**122,559**
**142,823**
**155,355**
**—**
**—**
**—**
**110,027**| _Page 8_ ## **Analysis of income and expenditure** |**INCOME AND ENDOWMENTS**
**Donations and legacies**
Donations under Gift Aid by Bank or PGS
Donations under Gift Aid by Envelopes
Other planned giving (not gift-aided)
Loose plate collections
Donations by Church Groups
One-off Gift Aid gifts
Donations appeals etc.
Tax recoverable on Gift Aid
Legacies
Non-recurring one-off grants
Other funds generated
Total
**Income from charitable activities**
Angel Project Appeal Donations
Fees for weddings and funerals
Christmas Day Event Donations
Christian Aid Appeal Donations
Bishop's Lent Appeal Donations
MPS School Leavers' Bibles Appeal Dons
Scouts Appeal Donations
Harvest Appeal Donations
Ukraine Appeal 2022 Donations
Total
**Other trading activities**
Maeldune Fair
Christmas Fair
Other Fund Raising
Online Store
Bookstall sales - fund raising
Magazine income - advertising
Parish magazine sales
Total
**Investments**
CBF Deposit Interest
Rent from lands or buildings
Bank and building society interest
Total|**INCOME AND ENDOWMENTS**
**Donations and legacies**
Donations under Gift Aid by Bank or PGS
Donations under Gift Aid by Envelopes
Other planned giving (not gift-aided)
Loose plate collections
Donations by Church Groups
One-off Gift Aid gifts
Donations appeals etc.
Tax recoverable on Gift Aid
Legacies
Non-recurring one-off grants
Other funds generated
Total
**Income from charitable activities**
Angel Project Appeal Donations
Fees for weddings and funerals
Christmas Day Event Donations
Christian Aid Appeal Donations
Bishop's Lent Appeal Donations
MPS School Leavers' Bibles Appeal Dons
Scouts Appeal Donations
Harvest Appeal Donations
Ukraine Appeal 2022 Donations
Total
**Other trading activities**
Maeldune Fair
Christmas Fair
Other Fund Raising
Online Store
Bookstall sales - fund raising
Magazine income - advertising
Parish magazine sales
Total
**Investments**
CBF Deposit Interest
Rent from lands or buildings
Bank and building society interest
Total|**INCOME AND ENDOWMENTS**
**Donations and legacies**
Donations under Gift Aid by Bank or PGS
Donations under Gift Aid by Envelopes
Other planned giving (not gift-aided)
Loose plate collections
Donations by Church Groups
One-off Gift Aid gifts
Donations appeals etc.
Tax recoverable on Gift Aid
Legacies
Non-recurring one-off grants
Other funds generated
Total
**Income from charitable activities**
Angel Project Appeal Donations
Fees for weddings and funerals
Christmas Day Event Donations
Christian Aid Appeal Donations
Bishop's Lent Appeal Donations
MPS School Leavers' Bibles Appeal Dons
Scouts Appeal Donations
Harvest Appeal Donations
Ukraine Appeal 2022 Donations
Total
**Other trading activities**
Maeldune Fair
Christmas Fair
Other Fund Raising
Online Store
Bookstall sales - fund raising
Magazine income - advertising
Parish magazine sales
Total
**Investments**
CBF Deposit Interest
Rent from lands or buildings
Bank and building society interest
Total|**Total**
**Unrestricted Designated**
**Restricted**
**Endowment**
**This year**
**Last year**
76,692
—
—
—
76,692
65,169
1,065
—
—
—
1,065
1,008
630
—
—
—
630
520
3,204
—
—
—
3,204
1,942
62
—
—
—
62
68
8,058
—
1,224
—
9,282
6,825
2,939
—
363
—
3,302
2,672
23,462
—
810
—
24,272
18,373
—
—
—
—
—
3,000
1,200
—
—
—
1,200
200
107
—
402
—
510
498| |---|---|---|---| ||||117,418
—
2,800
—
120,218
100,275
(11)
—
2,520
—
2,508
2,169
1,371
—
—
—
1,371
2,567
—
—
850
—
850
485
—
—
800
—
800
703
—
—
577
—
577
284
93
—
260
—
353
326
—
—
40
—
40
152
—
—
—
—
—
10
—
—
—
—
—
2,067| ||||1,453
—
5,046
—
6,499
8,762
2,626
—
—
—
2,626
3,302
1,885
—
—
—
1,885
1,290
5,607
—
1,232
—
6,839
3,682
90
—
—
—
90
9
5
—
—
—
5
—
790
—
—
—
790
862
697
—
—
—
697
965| ||||11,701
—
1,232
—
12,933
10,110
2,313
—
517
—
2,829
1,616
130
—
—
—
130
130
3
10
201
—
214
26| ||||2,446
10
718
—
3,174
1,771| |**INCOME TOTAL**|||133,017
10
9,795
—
142,823
120,918| _Page 9_ |**Total**
**Unrestricted Designated**
**Restricted**
**Endowment**
**This year**
**Last year**
**EXPENDITURE**
**Raising funds**
Fees paid to fund raisers
69
—
4
—
74
77
Costs of fetes & other events
128
—
—
—
128
89
Total
197
—
4
—
202
166
**Expenditure on charitable activities**
Parish Support Fund
72,000
—
—
—
72,000
72,000
Restoration Costs – Professional Fees
24,551
9,253
29
—
33,833
5,950
Salary of parish administrator
10,639
—
—
—
10,639
9,732
Church running - electric
3,249
—
—
—
3,249
2,097
Church running - gas
4,237
—
—
—
4,237
2,277
Church running - water
197
—
—
—
197
111
Church running - insurance
2,043
—
—
—
2,043
1,924
Music
6,124
—
—
—
6,124
4,972
Organ / piano tuning
1,216
—
286
—
1,502
1,168
Church maintenance
5,397
—
567
—
5,964
10,538
Administration
2,418
—
—
—
2,418
2,092
Mission giving to charities
1,610
—
5,421
—
7,031
7,235
Upkeep of services
1,523
—
1,094
—
2,618
1,714
Upkeep of churchyard
1,036
114
255
—
1,405
6,139
Costs of Christmas Day Event
—
542
—
—
542
836
Home mission
—
—
389
—
389
452
Working expenses of incumbent
285
—
—
—
285
39
Depreciation of Fixed Assets
—
—
249
—
249
—
Working expenses of other ministry team
118
—
—
—
118
142
Cleaning
—
—
—
—
—
66
Children's Ministry
196
—
—
—
196
315
Costs of Bereavement Café
—
—
14
—
14
—
Magazine expenses
100
—
—
—
100
100
Total
136,938
9,910
8,306
—
155,154
129,899||**Total**
**Unrestricted Designated**
**Restricted**
**Endowment**
**This year**
**Last year**
69
—
4
—
74
77
128
—
—
—
128
89| |---|---|---| |||136,938
9,910
8,306
—
155,154
129,899| |**EXPENDITURE TOTAL**||137,135
9,910
8,310
—
155,355
130,066| |||| |**GRAND TOTAL**||(4,118)
(9,900)
1,485
—
(12,532)
(9,148)| _Page 10_ ## **Notes to the Accounts** ## **1. Accounting basis** These accounts have been prepared using the Historical Cost Convention, under which the value of assets on the balance sheet is based on their original cost when acquired. We have also employed accruals-based accounting in which revenues and expenses are recorded when revenue is earned or when expenses are incurred, whether or not cash has been received or paid. Accordingly, we have provided for costs and income relating to 2022 but which had not been paid or received as at the 31[st] of December 2022. ## **2. Gift Aid Tax Reclaims** During 2023 two quarterly claims were completed, including one relating to donations received in the fourth quarter of 2022. At the 2023 year-end we have therefore accrued a total of £10,927, in respect of the final claims for the second, third and fourth quarters of 2023 and the Gift Aid Small Donations Scheme for the tax year 2022-23. These claims were in the process of being formulated for submission during the preparation of these accounts. **3. Parish Support Fund** The Parish Pledge to the Diocese of Southwark for 2023 of £72,000 was paid in full for the year. The Pledge for 2024 as approved by the PCC is £72,000. **4. Property** Property is shown at its historical cost. The hall is owned by the Parish, but day-to-day management and financing is governed by a separate charitable trust and the hall is used for the benefit of the local community, as well as for Parish events. ## **5. Building Works** Following observations made in the last quinquennial report the parish is embarking on a programme of major building works, known as the Restoration Project. This will require significant funds, which in turn will need specific fundraising. A donation of £10,000 made in late 2019 was designated to start the Fund for these works. A further one-off private donation of £15,000 was received during 2021 which the donor wished the PCC to determine the purpose for which it was to be allocated and which the PCC designated to the Fund. Two legacies were received in 2022 and the PCC decided to allocate these and future legacies (until further notice) to the newly renamed Restoration Fund (previously known as the ‘Major Building Works Fund’). During 2023 the Parish incurred Restoration Costs including architect’s fees of £33,833 in relation to the Restoration. Of these, £9,253 were borne by the Restoration Fund which at the end of 2023 had been fully depleted. The balance of costs was borne by the General Fund. The Parish is engaged in seeking grants for the major part of the work that it looks to carry out. _Page 11_ ## **6. Tangible Fixed Assets** Tangible fixed assets held for the Parish’s own use are stated at cost less accumulated depreciation and any accumulated impairment losses. The minimum value for capitalizing such assets is c£1,000. Annual depreciation is provided at rates calculated to write off the cost of fixed assets, less their estimated residual value, over their expected useful lives on a straight-line basis. Normally depreciation will be charged at 25% as standard. At each balance sheet date, we review the net value of each tangible fixed asset to determine whether there is any indication that any items have suffered impairment and the net value in the accounts adjusted accordingly. In 2023 we acquired a new ‘hot cupboard’ catering trolley, at a cost of £996, to support the Christmas Day Event the Fund for which bore this cost. At the 2023 year-end this capitalised asset was depreciated by 25%. We also acquired and capitalised a new printer in 2023, replacing the previous printer which had been in use for over a decade, and which had been fully written off in earlier years. The cost of the new printer was £5,340, which was borne by the General Fund, was paid in 2024 and was therefore accrued in 2023 as the printer was held and owned by the Parish from mid-December 2023. However, the new printer had not been appreciably used as at 31.12.2023, so no depreciation was charged this year. The depreciation rate for this asset is also planned at 25%. ## **7. Investments** Investments with the Central Board of Finance: Share Income Investments (shown at historical cost in the accounts) |_Units_
CofE Investment Fund Income Shares
1,000
Fynes Clinton Grave Trust
732
Total
Deposit Income Investments
Roy Clough Bequest Fund Deposit
General Fund Deposit
Total
Overall Total Investments
-
As shown in the accounts
-
At market value as at 31/12|_Historical_
_Cost_
_£_
771
500|_Market_
_Valuation_
_2023_
_Market_
_Valuation_
_2022_
_£_
_£_
22,605
20,661
16,547
15,124| |---|---|---| ||1,271|39,152
35,785| |||_2023_
_2022_
_£_
_£_
1,641
1,590
30,000
40,000| |||31,641
41,590
32,912
42,841
69,793
77,375| _Page 12_ ## **8. Debtors** |**ebtors**|| |---|---| |Gift Aid Tax to be claimed from HMRC (various funds)
Scouts re legal fees relating to renegotiating of hall site hut lease
2023 Angel Appeal Donation received in 2024
2022 Funeral Fees due from Funeral Directors, received in 2023
Investment Income relating to 2022 received in 2023
Unrestricted Donations relating to 2022 received in 2023
Christmas Day Event Donations
Sundry Other
Overall Total Debtors|_2023_
_2022_
_£_
_£_
10,921
8,645
2,804
2,804
130
-
-
647
582
532
-
1,230
350
210
438
201| ||15,225
14,269| Debtors as at 31 December 2022 relate primarily to the Gift Aid Tax reclaims referred to in Note 2 above, together with a payment made to settle legal fees in relation to the renegotiation of the lease on the scout hut, which is expected to be recouped from the scout troop. In addition, there were a number of donations and income received or confirmed prior to the year-end but banked or received in early 2024. ## **9. Creditors** |_Amounts collected on behalf of others (‘agency collections’)_
Diocesan service fees & other amounts due
Charitable donations
_Total Agency Collections_
_Deferred Income_
Diocesan Grant made in 2022 for the alleviation of energy costs
_Accrued expenditure_
Cost of new Printer
Tree Felling costs
Utilities and Admin
Upgrade to WiFi facility costs
Restoration costs
Incumbent Costs and Reimbursables
Church Building Maintenance
Christmas Day Event Expenses
Organ Maintenance
Outreach & Home Mission
Wedding Fee Deposit
Other
_Total Accounts Payable_|_2023_
_2022_
_£_
_£_
-
97
-
10| |---|---| ||-
107| ||-
1,200
5,340
-
-
5,500
967
1,599
-
840
-
711
624
622
403
-
543
583
286
286
-
230
100
-
395
50| ||8,658
11,621| _Page 13_ ## **10. Maeldune and Christmas Fairs** |**Maeldune and Christmas Fairs**|| |---|---| |Gross Income
Gross Expenses
Net result|Maeldune Fair
Christmas Fair
_2023_
_2022_
_2023_
_2022_
_£_
_£_
_£_
_£_
2,626
3,302
1,885
1,290
71
89
57
-| ||2,555
3,213
1,828
1,290| In 2023 we were again pleased to be able to hold both the annual Maeldune Fayre in June and the Autumn/Christmas Fair in late November having had to shelve or curtail plans in some recent years during periods of Covid restrictions. The Fundraising Team, together with many others, worked hard to make these community events, on Plough Green and in the Church Hall respectively, very successful. ## **11. Christmas Day Event** |**hristmas Day Event**|| |---|---| |Gross Income
Gross Expenses
Depreciation of ‘Hot Cupboard’ Fixed Asset
Net|_2023_
_2022_
_£_
_£_
350
485
542
836
249
-| ||(441)
(351)| This year we invested in a new ‘Hot Cupboard’ catering kit at a cost of £996 (see note 6 above relating to Fixed Assets). In previous years we have hired equivalent resources, at considerable and increasing cost and difficulty in sourcing. This purchase will help us to reduce running costs over time and will ease the organizing of the event, whilst also having a useful asset for other occasions. Donations on the day and in advance boosted the overall income for the event by £350, all of which is held within a restricted fund from which expenses are paid. The Fund balance has accumulated over many previous years and is currently able to absorb recent annual deficits. _Page 14_ ## Annual Report 2023 was the first fully post-Covid year for St John’s, with a full range of mission and activity possible, not that these have ‘returned to normal’, since patterns of life and opportunities have changed permanently in the years since early 2020 and we continue to adapt financially. As a result of a successful Stewardship campaign in the middle of the year, regular giving has shown a significant rise for the first time in many years. Fundraising events have once again generated significant income, and we have received generous one-off donations. We have continued to manage and control our day-to-day costs carefully, including our contribution to the Diocese’s Parish Support Fund as was made in in previous years, £72,000. This has allowed us to make very significant payments, amounting to £33k, largely from our General Funds, to act as ‘seed money’ for our Restoration Project. The Finance Committee has continued to meet very regularly to monitor the financial status of the Parish and to report and make recommendations to the PCC. The Parish’s reserves are reasonable and as a result the Parish must be considered a ‘going concern’, but very careful management by and on behalf of the PCC of the Restoration Project will be necessary, since our reserves at the end of 2023 will not allow for significant further disbursements without careful ‘forward’ financial planning and equally significant fundraising for this purpose. ## _**Income**_ ## _Donations_ Regular donations to the Parish by bank or envelope increased very significantly since 2022 as a result of the Stewardship Campaign run in the first half of the year, with some 15 new donors and 38 of our 100+ donors electing to move to the CofE Parish Giving Scheme. This scheme is very helpful in reducing the demands on our administrative efforts, and also providing gift aid claim monies in the same month as the donations. During 2023 one-off donations, many given under gift aid, rose to higher levels than in 2022 and for this we are very grateful. These include gifts totaling over £1k under the Epiphany Gifts Appeal to cover sacristy costs. We remain very tax-efficient, with a very high level of gift aid claim across regular donations, one-off gifts as well as appeal donations. We released the balance of a generous grant received from Southwark Diocese made in late 2022 to help cover the cost of increased energy costs. This has helped us cope with the sever increase seen in October 2022. This year contactless and cashless giving, which we started in 2021, has continued to be very buoyant, largely replacing cash donations by using the contactless kit in church and donate buttons on the Parish website, and through the services of the providers SumUp and GiveALittle, as recommended by the Church of England. Although this development was already part of Parish plans, as with so many other social trends, the pandemic accelerated these as the move away from cash increased along with the reduced ability to attend church in person. ## _Income from Charitable Activities_ As in 2022, the parish ran several very successful campaigns, largely online and on a cashless basis, for Christian Aid and the Christmas Angel Project for local school children. The online nature of these appeals, using SumUp and GiveALittle, lend themselves to social media and gift aid donation, and the income and expenditure for each of these now feature as both income and expenditure under the general banner of Home Mission. Fees for weddings, funerals and burials of ashes are set by the Church of England and are charged accordingly. Since 2020, parishes receive no income from funerals conducted purely at crematoria; these are passed to the Diocese in full (other than small donations that may occasionally be paid by funeral directors to cover incidental _Page 15_ costs such as travel). Two weddings took place (2022: one); three funeral services were held in church (2022: seven) and three burials of ashes took place in the churchyard (2022: four). ## _Other ‘Trading’ Activities_ The Fundraising Team continued to work hard to raise funds and were able to run a full programme of events including the Maeldune Fair in June and a busy Christmas Fair in late November. The annual Story Tent event was held in person just before Christmas once again, a jumble sale and organ recitals took place, and a ‘£10 Challenge’ attracted over 30 members of the congregation, who raised over £2,800 over the summer months. Sales income and advertising from Old Malden News both dropped again significantly; paper copies have proved less popular, and the magazine is fully available online for free as an important means of communication and outreach. ## _Investment income_ Investment income from our various CBF/CCLA deposits increased significantly as interest rates rose steadily from historically low levels. Overall, income has risen very significantly (by almost £23k) over 2022, partially because of increased appeal donations, but primarily as a result of new and generous regular donations. ## _**Expenditure**_ ## _General Comments_ In order to meet its commitments and the ongoing circumstances of the pandemic, the PCC budget for 2023 once again forecast a significant deficit for the year (over £22k) and as in previous years this guided the PCC and its Finance Committee as they managed the finances through the year. The more notable variances between 2020 and 2021 are drawn out below. ## _Parish Support Fund (Diocesan Contribution)_ The Parish’s contribution to the Diocese has now remained at £72k for a number of years as St John’s steadies its finances. Payments were made in full (as referenced in note 3 to the accounts) and given the budgetary challenges our pledge for 2024 remains at £72,000. Meanwhile the average cost to the Diocese for a parish priest, including accommodation, pension, training and all the parish support that we receive, has risen beyond £84k. The shortfall in our contribution to the full estimated cost remains a concern for the PCC. ## _Restoration Costs_ During 2023 we incurred £33,833 of architect’s and surveyor’s fees in relation to the planning for the Restoration Project. Of these c£9,300 were borne by designated funds set aside by the PCC in earlier years specifically for the Project. The balance was borne by the General Fund. ## _Church Running Costs_ These have risen in line with inflation and consumption as the building has been in greater use than 2020. ## _Administration and Administrator salary_ The PCC agreed to an inflationary rise for the salary of our Administrator. Other Administrative costs have remained consistent, except for the cost of a projector as budgeted (with the excess of the cost donated). This asset was not capitalised on account of its relatively low cost. _Page 16_ ## _Church Running Costs_ Gas and Electricity costs rose substantially in October 2022, such that we experienced the bulk of the increase across 2023. Unit charges fell somewhat in October 2023 at their annual resetting, and we therefore expect to see a drop for 2024, depending on consumption. In 2023 we released the main part of a standard parish grant that we received in 2022 from Southwark Diocese to help in the then rising cost of energy. ## _Music & Organ_ The PCC also agreed to an inflationary rise in our Choir Director’s and Organists fees, the service of both of whom is provided on a self-employed contractual basis. Other music costs marginally less restricted than in 2022, but also include CCLI licence fees of £500 that in 2022 were charged to the Upkeep of Services. We had to replace an internal support within the organ, leading to an additional cost of £286, borne by the Organ Restricted Fund. ## _Church Maintenance_ In 2023 the vestry lavabo and worktop had to be replaced during the year at a cost of c£400. Exceptional costs in 2022 included water and drainage surveys conducted to determine in some detail the topographical layout and work that will be required at some stage to stem the challenges of damp in the church building. 2023 costs also included Quinquennial fees of £2.5k for the review of the church and the church hall. ## _Upkeep of Services_ These costs have increased over 2022 as we moved back into a full pattern of services for the year and replenished run-down stocks. Over £1k of these costs were borne by the Epiphany Gifts Appeal Restricted Fund. ## _Upkeep of Churchyard_ Day-to-day churchyard costs continued to be pegged back, whereas in 2022 costs included the cutting up and removal of a large oak tree on the churchyard boundary. ## _Upkeep of Services_ In 2020 our ongoing costs for services have remained low. Those in 2020 included significant expenses for reopening the church and the costs of kit for livestreaming services, all of which are covered by the Covid-19 grant referred to in the income review. _Page 17_ ## _Mission Giving_ The charitable and mission giving payments that we undertook during the year as approved by the PCC were: |_From general funds as our mission giving_
Care International
Young Minds
Re-Engage
KCAH
Kingston Foodbank
The Royal British Legion, Worcester Park
_Home Mission collections and appeals_
Angel Appeal
Christian Aid Appeal & Brekkie
MPS School Leavers’ Bibles Appeal
Scouts Appeal
Winter Appeal for Kingston Foodbank
Bishop’s Lent Appeal|_2023_
_£_
300 KCAH
300 Kingston Foodbank
300
300
300
1,500
60 The Royal British Legion, Worcester Park
1,560
4,512 Angel Appeal
Ukraine Humanitarian Appeal
910 Christian Aid Appeal & Brekkie
389 MPS School Leavers’ Bibles Appeal
50 Scouts Appeal
304 Spring Foodbank Harvest for K Foodbank
178 Bishops Lent Appeal
6,343|_2022_
_£_
750
750| |---|---|---| |||1,500
60| |||2,060| |||2,770
2,175
730
300
152
30
286| |||6,443| _Page 18_ **Independent Examiner's Report to the PCC of St John the Baptist Church, Old Malden** ## **Basis of this Report** **This report on the financial statements of the PCC for the year ended 31 December 2023, which are set out on the accompanying pages, is in respect of an examination carried out in accordance with the Church Accounting Regulations 2006 ('the regulations') and section 145 of the Charities Act 2011 ('the Act').** ## **Respective responsibilities of the PCC and the Examiner** **As members of the PCC you are responsible for the preparation of the financial statements. You consider that the audit requirement of the Regulations and section 144 (2) of the Act do not apply. It is my responsibili[ty ] to issue this report on those fmancial statements in accordance with the terms of the Regulations.** ## **Independent Examiner's Report** **My examination was carried out in accordance with the General Directions given by the Chari[ty ] Commission under section 145 ( 5) of the Act and to be found in the Church Guidance, 2006 edition, issued by 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 I do not express an audit opinion on the view given by the accounts.** ## **Independent Examiner's Statement** **In connection with my examination, no matter has come to my attention:** - **[1] which gives me reasonable cause to believe that in any material respect the requirements** - **to keep accounting records in accordance with section 130 of the Act; and** - **to prepare financial statements which accord with the accounting records and comply with the requirements of the Act and the Regulations have not been met; or** - **[2] to which, in my opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached.** **Signed .. .. "J/?.!!.,4;{_)_&[& ] PCC Chairman** _/'f_ **[,/4., ] /2Aa.J 'Zd"f** . . . . . . . . . . . . . . . . . . . **Date ................... 7. 7-f..--:1 ..** _Page 19_