Trustees Annual Report and Financial Report The Pc1rochial ChL¢rch Council of the Ecclesiastical Parish of LANCING WITH C(KIMBES St James the Less Church, Lancing & Coombes Church, Coombes St Jame£ the Le%$, 63 Manor Road, l.ancing, BN15 OEY. Coombes Church, Coombes Farm, Coombes. Lancin& BNIS ORS For the year ended 31st December 2023 CONTENTS Trustees annual report Statement of financial activities Balance sheet Notes to the accounts Report of the independent examiner Website.. Ch3lkspriD8churches.org 1ncumlnt'. The Rev'd Felix Smith St Michael's VIc3ra8e. 117 Penhill Road. LanonL 8N15 8KI The Rerfd lan EdBar Vicarage. 3 Norbury Dnve. lar1 BN15 (nN Associaie Vicar.. Independenl Examiner". r Scotf Waller 8ankefS. CAF Bank Ltd. 25 Kin85 Hill Aven. K¥n8s Hill. West Mallir& Kwt. ME194JQ
LANCING WITH COOMBES Trustees Annual Report 2023 Our aims and purposes as a charity The PCC has the responsibility of co-operating with the incumbent,the Rev'd F Smith and the Associate Vicar, Rev'd lan Edgar. in: The promotion of the gospel of the Lord Jesus Christ according to the doctrines and practices of the Church of England- Promoting ir) the parish the whole mission of the church. pastoral, social, evangelistic and, ecumenical. To know Jesus better and make Him better known,. Practical support and care for people in the parish, from the yDungest to the eldest. What we planned to do to achieve our charitable objectives When planning our activities for the year. our incumbent and the PCC have considered the Charity Commission's guidance on public benefit and. in particular. the specifK guidarbce on'charities for the advancement of religion,. The council ha5 complied with the duty under section 5 of the Safeguarding and Clergy Discipline Measure 2016, fully reco8nising its duty to have due regard to House of Bishops, guidance on Safeguarding children arbd vulnerable adults. For this year we discussed and planned the following objectives arKI artivilies to fulfil our aims.. Enabling a5 many people as possible to worship at our church Enabling as many people as possible to become part of our parish community Teachin& baptising and nurturing new and existing believers Maintaining an overview of worship throughout the parish Considering how SeiCe5 can invofve the many groups thai live within the parish Putting faith into practice. through prayer and scripture. MUSK and sacrament Offering worship and prayer, learning about the Gospel, in small group situations Assisting people from all walks of life io deve5op their knowledge of. and trust in, Jesus Provision of pastorèl care for people INin8 in the parish Providing assistance to the poor and needy of the parish Giving grants to missionary organisations Reaching Out to the unchurched through provision of the village fete and offering food and fun at Harvest Maintaining the fabric of the church building as a historic centre and focus of life in the village. What we achieved and how we affected beneficiaries. lives
Trustee's Report Attendance at worshi The church family welcomes visitors from within as well as outside the parish boundary. Visitors attend by personal choice and, it is our great pleasure to welcome anyone from all walks of life. Throughout 2023, a regular pattern of worship based upon the services of Morning and Evening Prayer take5 place each day of the week at St James, excepting Mondays (which was the associate Car'S day offl and other times when Fr lan was on holiday with his family. Though attendance at these services is not high, there 15 a small but committed numberthat attend each day and continue to offer praise and thanksgiving to Almighty God daily-the first task of the Church of Christ. The regular pattern, which is advertised, places prayer at the heart of everything the parish does. It also ensures parishioners and others outside the worshipping community know that the priest is regularly praying forthem and is pastorally available at those times. The church remained open for private prayer each day throughout the year, even at times when Fr lan was away on holiday or the week he was at home with Covid. The average weekly attendance in October 2023 was 56 people attending services through the week. The average Sunday attendance at the Parish Eucharist at St James was 62. Once a month the Holy Eucharist was celebrated at Coombes Church at 9=30am. following Moming Prayer which begins at 9arn on the second Sunday of the month. In a few cases, Easter and Pentecost for example, the usual 2 Sunday was shifted to another Sunday, as was the case in June when the a550ciate vicar was on a parish pilgrimage to Walsingham. This allowed a pastoral continuity. and for major Holy Days to be celebrated in Coombes Church. There are 104 parishioners on the electoral roll. Service to the wider communi Visits from both the Globe Primary and North Lancing primary happer•ed during 2023, both in Lent and during Advent, with the children learning about Christian traditions, as well as the history of St James Church and aspects of it's architecture and how that relates to the worship of the Church. A successful Spring Fair was held at the church hall, attracting many people and providing a place for local craft vendors to offer the wares for sale, as well as the parish raising funds. The regular coffee mornings became very much an established pattern at the Church Hall in Lancing with local, non-churchgoers coming to enjoy coffee, tea, cake, and a chance to see friends and neighbours. These were held the second Thursday of each month throughout 2023. The worshippinE community was glad to welcome students frorn Sir Robert Woodard Academy, who put on a Christmas Carol Concert, as well as from the Globe
Primary School for their concert. Nine Lessons and Carols was also a popular event for the wider community. Review of the ear & Evan elism and Outreach We celebrated 6 baptisms; 4 at St James the Less and 2 at Coombes church, 3 weddings, 25 funerals and 2 burials of ashes in our church during the year. Our church continues to be appreciated by our parishioners and rnany others, as a space where life events are celebrated with joy and thanksgiving. We, also welcomed Fr Ben Scott as Assistant Curate to the parish of Lancing wf(h Coombes. It is important to us that the church is available for private prayer not just to the church family but to the wider visiting community. There are not many places in the local area in which people are able to enter free of charge. St James, church building is usually open from 8:30am to 5".30pm, and the many entries in the Visitors, Book testify to the use of the building by visitors and passers-by. The toilets are also available for those who are working locally, again there not being many free to use facilities in the local area. Many rernark not only how refreshing it is to find an open church but, also the sense of peacefulness and spirituality the church pervades. Fr lan has had several meetings with people who have come into the church whilst it has been open, who have suffered recent bereavements. or other difficult situations. Everyone has been very glad that the church was open and available to them. Other remarks include the sense of history within; that people of much earlier generations found life and presence there and, comments on the appreciation of the architectural beauty of the building and biblical archaeology. Provision of Pastoral Care Fr lan, along with other lay ministers of Holy Communion continued to minister to those unable to participate in the worshipping life of the church due to age or infirmity. Regular visit to a local care home resumed. The aim is to have housebound communicants visited once a month either by the associate vicaT or a lay minister of Holy Cornmunion. Provision of Church Buildin s for the use of the Communi 5t James Church Hall remained available to let for social functions and used regularly by Girl Guides, as well as other social groups, and receptions after Baptisms and funerals until it was sold in November. The PCC also rnet in St James, Church Hall until this the sale. Some of the funds from the sale would go towards a re-ordering project in St James Church, and the rest would be invested into a local property with the aim of generating income for the parish. The re-orderings of the west end of St Jarnes, Church would allow for greater flexibility in worship, along with more space for such things as PCC meetings, Bible and theological study, fellowship events as well as offering hospitality to the local community. As mentioned above, the great lack offree space in Lancing suggests that a more flexible area in St James Church
would add to the local community, and provide a placefor meetings and events organised by other, non-church groups. Charitable Giving Church members still responded to provide toiletries and other essentials for the Turning Tides homeless charity through the year, as well as the associate vicar serving as a trustee on the Lancing and Sompting Churches Foodbank. Both these charities are regularly advertised in our publications The Lancing Parochial Charities Trust, which provides support to people within the civil parish of Lancing had an income of £1,328.77. Structurei governance and management of the charlty The Parochial Church Council IPCCI is registered with the Charity Cornmission as required by the Charities Act 2011. Its goveming document is the Parochial Church Councils (Powers) Measure 1956. During the year the following served as members of the Parochial Church Council: Ex Officio members Incumbent.. Associate Vicar.. The Revd Felix Smith The Revd lan Edgar Chairman - appoint Fr Ben Scott IAssistant Curate) From June Wardens.. Mr R Frewin Mr Peter Bowers VKe-Chaimian Elected Membe Mrs W Bowers Mr R Doran Mrs J Flake Mrs A Hughes Mrs P Phillips Mrs J Rawlinson Mr R Reeve Mr P Tester Mr M Young Secretary & Treasurer Safeguarding OffIr Resigned November Deanery Synod Mrs Pam Ourrant Miss J HaThvood Mrs R Dalton Membership of the PCC is determined under the Church RepresentatK•n Rules and consists of certain ex-officio members Ithe incumbent/priest-in-charge. curate. lay readers licensed to officiate in the churchl, the churchwarden5 and members of the Deanery, DiiKesan or General Synods and xx members of the church who are elected at the Annual Parochial Church Meeting IAPCMI. Members
are wamily encoura8ed to Stand for election to the PCC and we try to ensure a balance of skills and experience where possible. Thi5 Trustees. Annual Report was approved by the PCC and signed on th behalf by Mr Peter Bowers, PCC Vice- Chaimian Date.....
Financial Review Incoming and outgoing resources Receipts on general unrestricted funds during 2023 totalled £685,123, which includes the proceeds frorn the sale of the church hall/cottage complex. The designated legacy for use in the re-ordering work balance is now £33,708. The planned giving through envelope's and bankerfs orders to Oecember 2023 totalled E29,059 and loose cash colbections amounted to £3.138.(K). Donations and legacies up to December 2023 totalled Income generated from the rental of the cottage raised £111.2X).IX) up to October 2023 and 2 St Michaels Court up to December 2023 £10,025.(KI Sharlng the ministry costs of the Diocese of Chichester The largest expenditure of the PCC was the sum of £40,(XK) paid to the diocese for our share of all churches, Parish Ministry Costs. This total relates directly to the housin& support and stipend and pension costs of the clergy of this Parish, trainir)g of new ordinands. a contribution to national church funds and, shared costs of the Christian family throughout the Who diocese, including assistance towards the upkeep of churches less able to manage than oursefves. Stuflc05ts During 2023 the PCC paid the Organist and Office Manager. Trustee payments ond expenses The PCC also supported the clergy by paying at total of £3,955.lJ) for the council tax and water. Plus the other annual expenses of travel and telephone/WIFI. The tlergy are reimbursed expenses in line with the diocesan policy. Mrs A Hughes received £3.640 for her role asoffice Manager and Treasurer. Repoirs to thefvbric of the church building The PCC incuried expenses of £1.192.(K) for St James the Less which included eleclrical repairs and new light bulbs. Coombes Church incurred cost of £50.00 was for dge cutting. Why we hold some money in reserve 11 is PCC policy to maintain a balance on the general unrestricted funds (excluding propertyl which equates to approximately two months, worth of unrestricted payments as contingency against unforeseen situations. The closing balance this year did achieve this. 11 is PCC policy to invest temporarily surplus general funds with the CBF Church of England deposit fund. returning proportionately these funds to our current account. a5 they ale needed, to pay day- to-day bills. It is PCC policy to invest legacies restricted as to their objects within ihe Churches. Charities and Local Authorities financial provider, CCLA. until SlKh thal suitable beneficiaries are identified by the PCC and payment to them can be made.
Lancing with Coombes Statement of Financial Activities registered charity number I145807 The financial effect of our activities during the year can be summarised as folk)ws Unlestred Restricted Trtal FWKIS ' ,P(JlKynd5 Furvj 1023 2022 Notes lncorne and *ndowmetKs fr. Qonation5 3nd legacies 61.422 6L422 99,215 iharitable activities 2.957 1957 1.942 Other trading actiwties 15.620 15AO Invesiments 11,036 855 9.924 Other Income 616.220 616220 3.936 Totallnc(The 707?55 70UIO 141.025 Expendlture Raising funds 3.245 3.137 77.5 77M15 83.107 Olhei tradirngactivitiès 13.822 I32 J2.594 Other Totalexpenditure 122.778 122,778 98,839 Net gain5 lor losses) on investments Net income or Inet Èxpenditurel 584.477 855 585332 42,186 Transfers between lunds 584.477 855 585.332 42.186 Other rÈcogk4sed8ain5/lk)ssesl: Gain110$Sesl on revalvatK¥n of fixed as5ers Othergainslllossesl Reconciliation olJund&' t+et movÈmetht In fund5 584.4n 85$ 585332 42.186 Total funds bTought forward 272,4140 271440 230,254 Totalfunds carrled forward 856.917 855 857.772 272.440
Lancing with Coombes Balance Sheet registered chority number I1457 Our financial position and summary of funds at the year end were TOtalFuhds TotolFunds 202> 22 14otes Targible assets HÈrila8e assets Endowed in¥estmenis 2.664 152,665 Total flxed aets 15Z.664 152.665 Sto(ks Debtors 9W5 9,380 io nvestments 11.273 10,923 Cash at bankand in hand 685,liJ l(Kl.497 Total currert assets ,281 120.8 Creditor5.' AoUnt5 fallirKg due within one year 11,1731 1170) Netcurrentassets ar Illatlit$) 705,108 120,630 Total asset5 le55 current liabilities 857.772 273,295 CrÈditors.' Amou4)ts falling due after more than oneyear Total net asset5 or Iliabilltoesl 857,77Z 273.295 Thefunds ofthe chathy: Endowmeni funds Restricted iome funds iJ.YOB 32,853 UnrestrirtÈdfuThls 824.064 239,587 Rev8luation re5erYe Total unrestrfrted funds 824.064 339,587 Tot31 rharityfunds 857.772 272,440 14 This Financial Report for the year ended 31st December 2023, including the notes following. was approved by the Pccand 51 ned on its behalf by Mr Peter Bowers, Vice Chairman= Date A N N lj A l F I N A IQ C I AL R E PO R I
Lancing with Coombes Notes to the Financial Report registered choritynumber 1145807 l Accounting policies Basis of preparation The PCC is 3 public benefit entity within the meaning of FRS102. The finala1 Statements have been prepared under the Charities Act 2011 and the Church Accounting Regulations 2CKkn. in accordance with applicable accounting standards and the iurrent Statement of Recommended PractKe, Accounting and Reporting by Charities, ISORP IFRS 10211. The Itnancial statements have been prepared undei the historical c05t convention. The flnancial 5t3tements include all transactions, assets and liabilities lor which the PCC is responsible in law. They do noi include the account5 of church groups that owe their affiliaiion to another body. nor those which are informal gatherings of church members Funds accounting Funds held by the PCC are: Unrestrictedfunds- general funds which can be used for PCC ordinary pvrposes De&gnatedfund5- monles set aside by ihe PCC out of unrestricted funds lor specrfic futuie purpose5 or projects Restrictedfund5- al income from trusts or endowments which may be expended only on those rtrIcted object5 pro¥ided in the terms of the trust or bequest- bl donation5 or giants received lor è specific object or invited by the PCC lor a specific object. The lund5 may only be expended on the specilK object lor which they were given. Any balance remaining unspent 3t the end of the year is carried lorward as a balarKe on ihat fund Endowment[unds- funds lor which the capital must be rnatntained.. onlyinc¢yne arising from the investment of the endowment may be used. either as restricted or unrestricted lund5. depdiry on the purpose set out in the terrns of rhe original endowment Incorne and endowments All income and endowments, accounted for without deduction for any costs ol re(eivability. are recognised when there is evidence of entitlement, receipt is probable, and the amount caftbe measured reliably Donations and legacies Collections are recognised when received. Planned giVifFg receivoble is recognised when there is evidence of entitlement. receipt is probable, and the amount accords with the Gift Aid declaration or other record of intention to donate Gift tJid recovered is recognised when the income to which it is attached is recognised Gront5 ond legocies are reco8nised when the formal offer in writing of the fundin& is received by the PCC Charitable activftles Statutory fees lor weddings and lunerals are recognbsed when the office CUrS Other trading artivities Trading activities are where Income 15 receivable in return for selling goods or providing services. Income from trading is recognised either.. a- when received. or b- in the case of concerrs: lor the year in which ihe event occurs. irrespective ol date of receipt. Advance bookings are included in creditors until concert ha5 taken place Sales of mag31ines and study fioies are recognised when CeiVed Rents from property are recognised in accordance with the rental agreements, when receipt is probable Investment income Oividend5 are accounted lor when due and payable. Interest entitlements are accounted for as they accrue AN'NUAL FINA NCIAL
Lancing with Coombes Notes to the Financial Report registered charity number 1145807 All other income l other income is recognised in accordance with ihe above overall policy Galns and losse5 on Investmerts Realised gains are recognised when the investments are sold Ursrealised gaSns and losses are accounted for on revaluation at 31 December Expenditure Expenditure 15 recognised when there is evidence ol entillement, payments wob3ble. and the amount can be meosured reliably Grants Grants and donations are accounted for when paid over. orwhen awardedwhere the award creates a binding obligation on the PCC Church *lvltles The dI0san parish contributiorl is accounted for on an annual basis. reflL%tingthe allocatlon Set by our Deanery. Any parish contribution unpaid at 31 Oecember is provided for in these accounts as an operational (though not a legall liability and shown as a creditor ITh the balance sheet Fixed assets Tongiblefixed ossets Consecrated and beneticed property of any kind is excluded from the accwntsbys.10(21 ol the Charitie5 Act 2011. Movable church furnishing held by the Vicar and Churchwardens on special trust lor the PCC and which require a faculty for disposal, are accounted as inalienable property unless consecrated. T¥ are listed in the thurth's inventory which can be insperted but are not induded in the financial Statements. For other property acquired prior to Idotel there is insufficient cost information available and therefore the cost of such assets 15 Stated at a nominal £1 in the financial Statements All expenditure on consecrated or beneficed buildings and individual iteno c05ting under Iput in lirnit. say £1,000) are written off in the year they were illcurred Depreciation Depreciation is calculated to write down c05t of tangible fixed assets, excluding freehold propertie5. over their expected useful lives. The rates generally applicable a.. Land 8uildings f Mtures and rID&S iolvisual 33% OfFicee4uipment No depCiatIon is p¥ovided on freehold buildings as the useful economic h.fe of these assers exceed5 50 years and residual values so high that potential depreciation would be immaterial. It is the PCC'S polKy to mèintain these assets in a continual state of sound repair. Re5uhing from regular impaim)ent revie. provision will be made il there ha5 been anv permaneni diminution in value 25% Investments Investments are stated at market value at the balance sheet date Current Assets Amounts owing to the PCC at 31 December in respect of fees. rents or otr iome are 5hovm a debtols, less provision lor amount5 that may prove uncollectible Short-term depos¢ts include cash held on deposit either with the CBF Church of England Funds. or at the bank
Lancing with Coombes r egi5tered charity number 1145807 Notes to the Financial Report 2 Analysis of income and endowments Vnrestrirttd RestrKted Trtal Fund5 1023 TotolFund5 2022 Notes PlannedEivin8 lexcl. tax rÈfurwJsl Planned givillg Ino lax refyndsl Loose cash collections 29.059 24.059 2.815 2.815 1.910 3.133 J.133 3.476 Fund Rai%ng O¢nation5 1.2 1280 595 8,595 9.530 7,280 Gifi Aid iecv4erablÈ 9.530 8.217 Le8acies Grants s.olo %0 53.367 Donatlon5 and le8ades £61M22 £6L422 E99.215 Fee5 ForweddinÉs & funerals 2.957 2.957 1,912 ChHrlt8ble actlvhles É2,957 U.957 El.942 fund Raising Church Hall iomplex hirir¥ fÉes PrintIn$t3¢)nY Iorne .710 12.684 17.899 3.398 other tradim8 attivits £15.620 £26.1 Bank & C8F deposit interest CBF inve5trnent fund dividend 291 6S3 74 202 201 Rent from letting of investment prop 10.745 10.745 9.850 InvEStments t1136 855 £11.891 £9.924 sa of Church Hall complex 610.557 610.557 otr receipts 5.663 3,936 Other IrKome £616.220 £855 É616.220 E3.936 Tolal Income and endowmerts on all funds É707.155 £Ass £7l,110 E141.025 A N N 11 A L F l N A
Lancing with Coombes Notes to the Financial Report registered charity number 1145807 3 Analysis of expenditure Umestrirted Restricted TLtalFund5 FuThJ Fund 2023 TottslFtmds 2022 Notes Stewardshipcosis 8) Invosfment mana8ement costs Other fundraising Costs 3.119 3.119 3,137 45 45 Cost of ralsing funds £3245 U.245 £3.137 Chatate grants and donation5 Ototesan paii5h share Clergy and other people's Èxpenses Salariesand honoraria IrKI 1 754 754 35.&70 3,857 15.200 Utheep trf serwces Church runnin@ costs Office Cost5 1.382 3.599 10.219 10.219 8.395 6.854 4.855 (Ch Maintenae3nd repair 2.460 3.J86 Upkeepof thurchyard OrganlPiano Tuning and Repair Mmellaneous 95 1.518 i.s 725 8,172 Bank char8e5 75 75 118 C05t of thwltable actO¥611es £77.rM)s £,(5 É83,J07 Chvrch Hall complex njnning costs Prole55K>nal lees- Churth reordering 8,269 8.269 5.378 5.318 175 Other Irading costs 175 C05t olother tradirvd aafj¥ities £13.822 É13.822 É12.594 PrOfessn31 fees- Church Hall COMpX 23,374 23,374 Other Expenditurè 5.332 5.332 other £28.706 Votal expended or* all funds £122,7n £ll2.778 £98.839
Lancing with Coombes Notes to the Financial Report registered charity number1145807 4 Missionary and charitable giving Unrestrirted Restrided Total Fund5 Fund Fund 2021 TorolFtsnds 2022 l¥otes UkiftineAppeal 186 Home.. Chiklrens Soriety Coring & Sharing Additlonol Curote5 &Kiety 5&5 31*2 172 172 266 17 17 751 5 Staff costs Unrestricted Re5tykt Total Fwnd5 Fund Fund zozs TotolFunds 2022 Noies Remuneration Wages ond5o1orie5 15.2 15.200 6 Payments to PCC members Mrs A Hughes received £3,640 for her role as Office Manager and Treasurer. 7 Transactions with persons related to PCC members There were no transactions recorded between person5 related to the PCC rnembers. AN Trl UA INANCIA L RIPOR T
Lancing with Coombes r egistered charity number I]457 Notes to the Financial Report 8 Fixed assets a Investments Unrestrfjrted Fund Re5trfLt*l Tolal Funds 1023 Ilrte5 Market value l January 2023 Disposals at carrying v31uÈ Purcha5esat cosi 10.923 10.923 Nei g3ins4nd revaluation 350 350 Market ¥alue 31 December 2023 E11273 £11273 b Tan8lble fixed assets Land Audio Total ffixed assets Pkntes aThJ EIldIn Costor valuatFon At I lar¥uary 2023 Additions 152.665 1665 Di5W5als Revaluation At 31 December 2023 Is264 harie for Impaliment Al I january 2023 Additions Oiswsals RÈvaluath)n At 31 Detpmber 2023 Nei book amount5 At 31 Oecember 2013 152,664 Ar 31 DeeT2021 152.665 152,665 NPIUAL F INANCIA
Lancing with Coombes Notes to the Financial Report registered chority number1145807 8 Fixed assets continued The property at St Michael'5 Court. Lancing is a one bedroom sell-contained flatwith a detached garage. The historical Cost olthe property is £152,664. 9 Net assets by fund Unrestrlrted Funds Restrfcted Fund Total Fut)d5 2023 '. TotolFunés 2022 Note5 St Mlchaels Court 152.664 11.273 151664 . Jsi. Investmeni CCLA Account 11273 ,, 10.923 Curreni a55ets lexcepi cashl Cash ai bank 3nd on deposlt Current 112bilities 685.123 l(XJ.497 1 Longterm liabllitle5 £2fv1.(W j 10 Debtors UrYrIed Rostrkied Totsl Fthlds FUN15 Fund J)23 TotulFunds 022 Notes IncomÈ tax recoverable Prepayments and attrued incomÈ Otherdebtors £9W5 fg,38ts | 11 Creditors: amounts falling due within one year Urwestrirted Funds Restricted Tot*1 Fthid5 Fund 2023 TotolFuthls 2022 f4otes Oefelred income Actruals lor utilities and other costs Archdeacon's loan Othei creditors 11.1731 IL1731 (17Ql £11.1731 £IL173 ((IkoJ A N N l) A L F l N A N, C l A L R [- P Q R
Lancing with Coombes Notes to the Financial Report registered charity number IJ45807 12 Creditors: amounts falling due after one year UnrestrKted Funds Restrirted Total Fwnd5 2023 TotolFunds 2022 Noles Deferred income Accrua15 Iof uiilities and other£osts ArcMe3con'5 k)3n Other creditor5 13 Cornparatives for the statement of financial activities Umestricted Restrfcted Total Fund5 Fund Fund 2021 Intome and endowments frorn.. Donaisons and legacies CharilablE adivitie5 99.215 99,215 1.942 Other iradingactiwtbes 26,(K)7 Investments 9.924 9.924 Other Teceipis 3,936 3.936 Totallncome 141.025 141.025 Expendiillre on: Raising funds Chariiable activsi*s 3.137 3.137 83.077 .107 Other trading actNities 12.594 IZ.594 Other expenditufe Totsl Èxpendhure 98.8)9 Net gain5 lor losses) irwestments Netlncome or lthet expendlturel 42.216 Transfers between fvnds 42.216 42.186 Other reco6n15ed galnsllh)ssesl.' Gainql1055e51 on revaluation ol flxed 4ssÈts other g3inslllos5esl RecDnciliotioD oflunds.. Net M0ment in fund5 4Z,Z16 1301 42.116 Total funds brought torward 230,254 Yotal funds rrIed forward 272.470
Lancing with Coombes Notes to the Financial Report registered charity number1145807 14 Staternent of funds Explanation of funds Endowedfvnds Ore required by the donof5 to be invested ond the income spentffi specific oty"edives Restrirtedfvnds ore not NnvestedpenFJtsnently but are to bespent wtthtn reosonoble tirnescoles The Fabric Fund is restricted to maintenance of the church building. The Flower Fund is restricted to the purthase of flowers for the church. The Organ Fund is restricted to maintenance and repairof the church organ. The COA deposit fijnd and Insurance Grant are restrided to significant maintenanceor repair of the church buildin8S. Unrestrfrtedfvnds are not subject to any donorrestrictions und con be spent us the cdeCes Summary of all funds Fund income and expenditure and final balance5 are as follows.. Balantes Tftnslers. other zains Balances blfwd clfwd ljan 2023 311)ec 2023 IrKome aNI 1055es Granity bequest Fund Totalof all endowed lund5 Fabrr fur*1 Fbwer Fund 135 135 Organ Fund Upkeep ofchurch CCLA Dew51t fund Chichester DBF Chancel InSurare Grant 2,171 2,171 10,148 10.148 10.923 350 11273 9,685 Total of all reArlcted fvnds 323 855 33.708 General fund 239.587 7.255 Il22,7781 834,064 Total of all unrwifjcted funds 139.587 707255 11217781 824064 Totalfunds f272.440 7t4110 £IIZ2,7781 £857.772 A N N 11 A I F I NA N C
Independent Examinerfs Report to the PCC of Lancing with Coombes for the Year Ended 31st December, 2023 This is rny report to the Parochial Church Council of the Ecclesiastical Parish IPCCI of Lancing with Coombes on the annual report for the year ended 31. December 2023 set out on pages 2 to 12. Respective responsibilities of trustees and examiner The PCC members are responsible for the preparation ofthe annijal reports. The PCC members consider that an audit is not required for this ye3r under section 144 of the Charities Act 20111.the Charities Act-l and that an independent examination is needed. It is my responsibility to- examine ihe accovnts under Section 145 of the Charities Act, to follow the procedures laid down in the general Directions given by the ChaTlty Commission (under sertion 145{5llbl of the Charitie5 Act, and to state whether partbcular matters have come to my attention. Basls of independent examiner's statement My examination was carried out in accordance with general Directions given by the Charity Commission. An examination include5 a review of the accounting records kept by the charity and a comparison of the accounts presented with those records. It also includes consideration of any unusual item5 or disclosures in the accounts and seeking explanations from the trustees concerning any such matters. The procedures undertaken do not provide all the eviden that would be required in an audit, and cor¢sequently 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 iri the statement below. Independent examiner's statement In connection with my examination, no matter has come to my attention (other th3n that disclosed below in Section B'l 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 Charities Act.. and to prepafe accounts which accord with the accounting records and comply with the accounting requirements of the Charities Act have not been met,- or to which, in my opinion. 3ttentlOn s1¥)uld be drawn in order to enable a proper understanding of the accounts to be leached. Ple05e delete the words in the fbrocketsl if theydo not opply Examinerfs signature Examinerfs name iAPITAL5 gcoTf LLg Date Relevant prolessional quallflcatlonlsl or body FICC A if uny Examinerfs address Jrf 8eQ N N (J A L F l N A N C l A f POA T
Independent Examiner's Report to the PCC of Lancing with Coombes for the Year Ended 31st December. 2023 Section B Disclosure Only complete if the examiner needs to highlight material problems }orexomple.' accounling record5 have not been kepl in aciordanco with $132 01 the ch3rilie5' Act 2011 and those accounts do not Comp wirh requirements ol the 2008 Regulations seiting oui the form and conrenr of charity accounts.. any material expenditure or action which appears not to be in accordance with the trusts ol the charitv.- any fèilure to be provided wilh inlormatH)narnl explanations by any past or preseni trustee. officer or employee.. and any marerial inconsisiency beiween the accounts and the tru5tees' ènnual repori. Give here brief details of any items that the examiner W15hes to disclose