The Parochial Church Council of the Ecclesiastical Parish of Brightlingsea All Saints with St James Registered Charity Number 1149403 Financial Statements and Report sl Year Ended 31 December 2023 Vicar.. Rev'd Caroline Beckett BA (Hons) Bankers: Lloyds Bank, Colchester Barclays Bank, Colchester Independent Examiner: Carol Green FCCA Peyton Tyler Mears Middleborough House 16 Middleborough Colchester Essex C01 1QT
The Parochial Church Council of the Ecclesiastical P8rish of Brightlingsea All Saints with St James Flnancial Review and Governance Statement forthe Year ended 31$t December 2023 Financial Review To begin with a brief note about the layout of the accounts. The first page shows the Incom6 and Expenditure across the various funds. The second page shows the Balance Sheet. There then follow notes lo the accounts which it is hoped aid your und6rstanding. A simple General Fund Income and Expenditure account is included on pages 13 and 14. Finances have again been difficult for the general running of the Parish. Giving has shown some increase and a limited Stewardship Campaign has borne fruit as the congregation has reviewed its givlng. It is to be hoped that this grows in the coming year. However we thank God that our Sncome has almost met our expenditure. Total receipts on Ihe unrestricted General Fund were £104.226 of which voluntary income was £71,628. Planned giving Ihrough Ihe bank remained stable but giving via envelope has declined and the Parish Giving Scheme Ilhis figure includes associated Gift Aid) continued to rise. The Parish Giving Scheme enables givers to set up a direct debit with the Ghurch, the scham8 also collects gift aid each month and is a more robust way of giving to the parish. It is to be hoped that gradually our regular givers will transfer lo this scheme. Total payments on the Unrestricted General Fund were £109,141. The largest item of expenditure was the Diocesan Parish Share. The cost per p8rish is approximately £101,600. This provides for the stipends, housing, support and training costs of the full time clergy together with the Diocesan central costs. The indlvidual Parish Share is based on a formula that uses congregation headcount together wilh an adjustment to reflect the degree of deprivation in the parish. The formula was updated and the parish was asked lo pay £62,470. A 280/0 increase. The PCC agreed il could only meel £51,232 but donations and fund raising allowed a payment of £54,007. This parish still owes the dioc8se £8,463. More details are included at Note 9.2 page 8. The remainder of the expenditure was to provide activities and cover Ihe Parish's running costs. At the and of the year the PCC Iransferred £2,000 from The St James Fabric Fund and the Native Fund (both designated funds) to the General Fund to support it, as it had an increasingly large overdrawn balance. Details of the parish's charitable giving is shown in Note 12 (page 11 }. The PCC'S policy on transferring lo the Churchyard Fund 50°/o of ils share of burial, interment and memorial fe&s generated £5,765 and this has helped with the maintenance of All Saints Churchyard. Through a late application Brighllingsea Town Council continued to pay a grant of £1,193 towards the Costs of maintalning All Saints Churchyard. The PCC acknowl6dges this grant and gives thanks. The Churchyard Trust quarterly dividend from the Diocese is paid into the Churchyard Fund which finances the maintenance and running ofthe Churchyard. The PCC is grateful for the help ofthe Holy Mowers in this respèct. A new shed has bèen installed following completion of the building work to All Saints tower. The work to restore All Saints Church and the provisSon of a toilet and kitchenette has been completed. The PCC is very grateful for the generosily of a number of trusts who have helped to cover the cost of the project and particularly the local communily for help with finding an additional £20,000 for a replacement B6am. The National Heritage Loltery Fund provides 660/0 of the cost. Tho project continues wilh regular community activities. This will enable the church to beGom8 a heritage hub within the community. Details of Ihe grants received and the major expenditure in 2023 are shown 81 Note 12 on page 10.The All Saints Fabric and R6sources Fund is overdrawn to £23.392. This Is due to timing differences between the receipt of grant and the payment of contractors. The PCC has continued to publish The Natlva magazine and are grateful to Ihe support from local businesses which generated £2,380 in advertising revenue. The St James Fabric Fund has been used to pay the larger one off maintenance costs including £10,140 to repair the chancel roof. There were no Legacies received in 2023.Further details of the operation of the PCC'S Funds can be found at Notè 5 Ipage 71 to the accounts.
The Parochial Church Council of the Ecclesiastical Parish of Brightlingsea All Saints with St James Reserves Polic It is the PCC'S policy to try and maintain a balance on the Unrestricted General Fund of at least three months unrestricted payments. This is equivalent lo £27,300. It is held to smooth out fluctuations in cash flow and to me8t emergencies. The PCC holds balances of £3,500 in Unrestricted and Designated funds. This is below the minimum that should be held, and the PCC has a major challenge going forward to restore the level of its unrestricted balances. In addilion it needs to raise an additional £3,300 per month in order to meet increased costs and the increase in ils contribution to the Diocese. Achieving this will place its finances on a more sustainable footing. Structuro Governance and Mana emont The method of appointment of PCC members is set out in the Church Representation Rules. The membership of the PCC consists of the vicar, the churchwardens and members elected by those members of the congregation who are on the electoral roll of the church. All members of the congregation are encouraged to register on the electoral roll and to stand for election to the PCC. The PCC members are responsible for making decisions on all matters of general concern and importanc6 to the parish including deciding on how the funds of the PCC are to be spent. The PCC'S agenda includes regular discussion of worship, mission and outreach, safeguarding, fabric and finance. The PCC met 12 times during the year with an average attendance of approximately 78Yo. Administrative Information All Saints with St James Church is part ofthe St Osyth Deanery in the Church of England Diocese of Chelmsford. The correspondence address is The Church Office, Sl James Church, Victoria Place, Brighllingsea, Colchester. Essex, C07 OAE. Olher contact details can be found on Ihe website.. www.allsainlswilhst.arnesb-sea.co.uk The PCC is a body corporate (PCC Powers Measure 1956 and Church Representatlon Rules 2006) and a Registered Charity number 1149403. PCC members who have served at any time from 1 $1 January 2023 unlil Ihe date this report was approved are.. Vicar: The Reverend Caroline Beckett Churchwardens.. Sheila Crow (till 04.01.241 Bob Goodenough Elected members.. Chris Bloor Judith Gibbons (Curate) Mary Bugbee Catherine Graham LLM Vivien Chapman Ed Gray - (Pro Warden till 23.04.23) Claudia Campbell {Secretary & Deanery Synod from 23.04.231 John Dines Angela Herbert (Pro Warden till 01.01.24 & Safeguarding) Abbie Fairbairn Terry Loader Lyn Forster Janet Russell {Deanery Synod rep) Jennifer Gallant Linda Salmon David Girdleslone Peter Talmey {Pro Warden co opted 11.07.23) Jane Girdlestone (Deanery Synod rep from 23.04.23} Exofficio.. Claudia Campbell (Secretary) David Wiggins (Treasurer)
The Parochial Church Council of the Ecclesiastical Parish of Brighllingsea All Saints with Sl James Independent Examiner's Report to the Trustees of the Ecclesiastical Parish of Brightlingsea - All Saints with St James I report on the accoun15 for the Year Ended 31. December 2023, wliich are sel out on pages 1 to12. Respectlve responsibilities of the Trustees and the Independent Examiner The charity's trustees consider that an audit is not required for this year under section 144(21 of the Charities Act 2011 (the 2011 Acll and that an Independent examination is needed. It is my responsibility to Examine the accounts under section 145 of the 2011 Act., Follow procedures laid down in the general directions given by the Charily Commissioners section 14515)Ib) of the 2011 Act., and state whether particular matters have come to my attention. Basis of Independent Examiners Statement My examination was carried out in accordance with the General Directions given by the Charity Commission. An examination includes a review of the accounting records kept by the charity and a comparison of the accounts presented with those reGords. It also includes consideration of any unusual items or disclosures in the accounts, and seeking explanations from the management committee concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in a full audit, and consequently I do not express an opinion on the accounts. Independent examiner's statement In connection with my examination, no matter has come to my attention.. {11 which gives me reasonable cause to believe that in any malerial respect the requirements to keep accounting records in accordance with S130 of the 2011 Act., or to prepare accounls, which accord with these accounting records have not been met.. or (21 to which, in my opinion. attention should be drawn in order to enable a proper understanding of the accounts lo be reached. Carol GreeTI FCCA Peylon Tyler Mears Middleborough House 16 Middleborough Colchesler Essex C01 1QT Dated 25th March 2024
The Parochial Church Council of the Ecclesiastical Parish of Brighllingsea All Saints with Sl James Statement of Financial Activities for the Year Ended 31st Dècembor 2023 Desi Unrestric- naled Notes ted Funds Funds Endow- Reslric- ment led Funds Funds Total Funds 2023 Total Funds 2022 Incomè and Endowments Voluntary Income Aclivilies for generating funds Investment Income Church Aclvities Other incoming resources 2(al 2(bl 2{cl 2(dl 71,628 4,521 3.443 617,445 1,804 694,320 167,389 4,521 3,723 3,111 1,998 38,010 34,015 1,443 1,501 3,018 6,361 1,193 93 27,827 250 3.822 Total Income and Endowments 104,226 7,265 628,017 1.897 741,405 208,626 Expenditure Church activities Costs of Generating Vol Income 31a) 31b} 108,754 17,676 601.445 1,967 729,842 267,990 662 676 378 Total Expendituro 109,416 17,678 601,449 1,975 730.518 268,368 Net Incomingl{outgoingl Resources 5.190 10,413 26,568 78 10,887 59,742 Olher recognised gainsllosses Transfers between funds -IOut) In Gainslllossesl on investment assets 4,000 4.000 5,330 1,022 6,352 8,494 Net movement in funds 1,190 14,413 31.898 944 17,239 68,236 Total funds brought forward al 0110112023 1,093 20,235 128,919 9,818 157,879 226,115 Total funds carri8d forward al 31112123 2,283 5,822 160,817 10,762 175,118 157,879 Nole 14 shows a Fund Analysis for the 2022 Slalemenl of Financial Activilies on Page 12 Page 1
The Parochial Church Counci5 of the Ecclesiastical Parish of Brighllingsea All Saints with St James Balance Sheet as at 31st December 2023 Notes 2023 2022 Fixed Assets an ible Fixed Assets Total Tangible Fixed Assets at Nel Book Value Investments Tithe Chancel Trust Francis Family Investment Trust Chan1 Trust Churchyard Trust Pym and Bayard Brown Charities Total Fixed A89et8 2,776 2,776 2,886 2,886 7,548 11,393 3.346 47,241 2,080 71.608 74,384 6,706 10.413 3.058 43,179 1,900 65,256 68.142 Current Ass8tg Debtors and prepayments 13,031 10.400 Short Term De osils Chancel Trust Deposit Sunday School Fund Deposit Pym and Bayard Brown Charities Deposit Cash al Bank and in Hand Barclays 10 day Notice Account Barclays Deposit Account Barclys e-Payments Account Lloyds Current Account Cash in Hand Pelly Cash 5,776 7,201 1,212 5.507 7,201 1,119 14,189 13,827 72,604 14 1,295 2.198 29 200 65,922 460 379 1.953 33 200 76.340 68,947 Total Current Assgts Lg88: Liabilities Creditors.. amounts falling due within one year Total Liabilitios 103,560 93,174 2,826 3,437 2,826 3,437 NET ASSETS Represented by., Funds Unreslricled Funds Designated Funds Restricted Funds Endowment Funds Total Funds 175,118 157,879 10 2,283 5,822 160,817 10,762 175,118 1,093 20,235 128,919 9,818 157,879 Approved by the Paiochial Church Council on27March 2024 and signed on Ils behalf by Rev Caroline Beckett (Vicar) and Mr Bob Goodenough Ichurchwardenl Rev Caroline Beckett Mr Bob oodenough The accompanying notes form part of these financial statements Page 2
The Parochial Church Council of the Ecclesiaslical Parish of Brighllingse8 All Saints with St James Notes to the Flnancial Statements For the Year Ended 31 st December 2023 1. Accounting Policies a) Basls of flnanclal statements The financial statements have been prepared under the Church Accounting Regulations 2006 in accordance with applicable accounting standards {FRS102} and the currenl Statement of Recommended Accounting Practice and Reporting by Charities (SORP 2015}. The financial statements have been prepared under the historical cost convention except for investment assets, which are shown al market value. The financial statements include all Iransaclions, assets and liabilities for which the PCC is responsible in law. They do nol include the accounts of church groups that owe their affilialion lo another body, nor those which are informal gatherings of church members. The Friends of All Saints have agreéd with the PCC that they are responsible for maintaining the fabric of All Saints Church. b) Fltnds accountlng Endowmonl funds - are funds the capital of which musl be retained either permanently or at the PCC'S discretion., the income derived from the endowment is lo be used either as restricted or unrestricted income funds, depending upon the purpose for which the endownment was establishad in the first place. RestriGted funds - comprise {a) income from endowments which is to bè expended only on the restrict8d purposes intended by the donor arid (b} revenue donations or grants for a specific PCC activity intended by the donor. Where these funds have unspent balances. interest on their pooled investments is applied based on the underlying bank account interest received. Unrestricted funds- are income funds which are to be spent on the PCC'S general purposes. Designated funds- are general funds set aside by the PCC for use in the future. Project funds are designated for particular projects for administralion purposes only. Funds designated as invested in fixed assels for the PCC'S own use 8bated in line with assets, annual depreciation charges in the SOFA. Designaled funds romain unrestricted and the PCC will move any surplus to other general funds. c) Income and Endowmenls Planned giving, collections and similar donatlons are recognlsed when received. Tax refunds are reeognised when the incoming resource to which they relate is received. Grants and legacies are accounted for when the PCC is enlitled to the use of the resources, an inflow of economic benefit is probable and the amounts due are reliably quantifiable. Dividends ar& accounted for when declared receivable, interest as and when accrued by th8 payer. All incoming resources are accounted for gross. Parish Giving Scheme income includes the asociated Gift Aid. dl Expenditure Expenditure is 8ccounled for on an accruals basis and is accounted for gross. Grants - Grants and donations are accounted for when paid over, or when awarded where the award creates a binding obligation on the PCC. Church Activities - The diocesan parish contribution is accounted for when paid. Any parish contrlbution unpaid at 31 st December is shown in Note 9.2 on page 8 as it is not a legally enforceable debt. Page 3
The Parochial Church Council of the Ecclesiastical Parish of Brighllingsea All Saints with St James Notes to the Flnanclal Statements (Continued) For the Year Ended 31st December 2023 e) Fixed Assets Tangible Fixed Assets Consecrated and beneficed property of any kind is excluded from the accounts by s96121 of the Charities Act 1993. Movable church furnishing held by the Vicar and Churchwardens on special trust for the PCC and, which require a faculty for disposal, are accounted as inalienable property unless )nsecrated. They aro listed in the church's inventory which can be inspected. For inali8nable property acquired prior to 1 sl January 2014 there is insufficent cost infomiation available and therefore such assets are not valued in the accounts. All expenditure on consecrated or beneficed buildings and individual items costing under £500 are written off in the year they were incurred. By virtue of this policy the PCC has tangible fixed assets, a Ride on Mower and two other mowers for use in Churchyard Maintenance. Churchyard Buildings and Paths include a newly installed shed and some matting laid in tho ChLtrchyard to assist vehicular access. Depreciation polici8s are as follows., Churchyard Machinery - 250/0 Straight lin8 basis Churchyard Buildings and paths - 20 % Straight line basis Donation Station - 33°/o Straight line basis Investments Investments are staled at market value at the balance sheet date. fj Currenl Assets Amounts owing to the PCC at 31st December in respect of fees, rents or other Income are shown as debtors less provision for amounts that may prove unGollectable. Short-term daposits include cash held on deposit with the CBF Church of England Funds Page 4
The Parochial Church Council of the Ecclesiastical Parish of 8rightling5ea All Saints with St Jalnes Notes to the Flnanclal Statements (Contlnuedl For the Year Ended 31st December 2023 2 Income and Endowments Desi Unrestric- nated ted Funds Funds Endow- Restric- ment led Funds Funds Total Funds 2023 Total Funds 2022 a) Voluntary Income Gift Aid - Bank Parish Giving Scheme (Inc associaled Gift Aid) Gift Aid - Envelopes One -off Gift Aid Gifts Tax recoverable on Gift Aid Other Planned Giving Loose Plate Collections Giving by Card or Telephone Giving through Church Boxes Collections for Charilies Donations appeals etc Christm8Stree Festival Budget Gap Donations Non rècurring one off grants 13,410 24.485 3,000 2,116 5,000 1,335 7,079 2.877 500 2,606 2,074 13,410 24,485 3.000 2,271 5,000 1,335 7,079 3,367 500 2,606 79,751 3,000 5,256 543,260 107,729 694,320 167,389 13,650 23,291 2.895 2,905 5,719 1,200 3,781 1,757 433 1,514 1,015 1,500 155 50 173 467 393 3,000 75,947 1,337 5,256 2,090 71,628 541,170 3,443 617,445 1,804 bl Actlvities for generating funds Christmas Bazaar, Quiz Nights etc Other funds generated Bookstall Sales Coffee Mornings 1,753 232 470 2,066 4,521 1,753 232 470 2,066 4,521 1,389 108 300 1,926 3,723 c) Income from Investments Dividends on CBF Investment Fund and Other Bank and CBF Deposit Fund Interest 1,878 1,140 3,018 1,878 1,233 3,111 1,642 356 1,998 93 93 d) Income from Church Actlvltles Fees for Weddings and Funerals Hiring of Churches Parish Magazin& Advertising Income Parish Magazine Cash Donations Parish Magazine Subscriptions 23,567 4,260 6.361 29,928 4,260 2,380 687 755 38,010 25,075 4,676 2,932 253 1,079 34,015 2,380 687 755 3,822 27.827 6,361 el Other Incoming Resources Insurance Claims - Lychgate Rgpair Contribution toward Churchyard Mtc Contributlon from FOAS Lighting & cleaning 1,193 1,193 250 1,443 1,193 308 1,501 250 250 1,193 Total Incomlng Resources 104,226 7,265 628,017 1.897 741,405 208,626 Page 5
The Parochial Church Council of the Ecclesiastical Parish of Brighllingsea All Saints with St Jamas Notes lo the Financial Slalements (Continued) For the Year Ended 31st December 2023 3 Expendituro Dèsi Unreslric- naled ted Funds Funds Endow- Restric- ment ted Funds Funds Total Funds 2023 Total Funds 2022 a) Church Actlvitles Giving to Missionary Societies Giving - Relief and Development Agencies Home Misslon Secular Charities PCC Charitable Giving Diocesan Parish Share Working expenses of Vicar Vicarfs Telephone Locum Clergy Expenses Upkeep of SeNices OrganlPiano Tuning Education Sunday School running costs Refreshments- Charitabla Parish Training & Misslon Salary of Parish Administrator Salary of Activity Coordinator Independent Examiners Fe@ Church running- Insurance Church running - Electricity Church running - Gas Church running - Waler Church Maintenance Cleaning Caretaking Church Office - Telephone & Broadband Administration Website Upkeep Magazine & Booklet Expenses Upkeep of Churchyard Churchyard Equipment Fees for Weddings and Funerals Sundry Expenses All Saints - Expenditure See Note 12 St James- Chancel roof renewal Depreciation See Note 6 100 324 125 2,336 50 54,007 100 324 1,593 2,835 50 54,007 194 394 53 1,118 300 48,792 1,468 499 240 240 240 985 1,339 293 325 263 1.733 425 45 1,778 425 156 527 27 249 5,590 7,418 600 2,369 5,337 9.310 211 6,353 7,191 1,275 905 2,100 921 4,031 4,020 538 16,175 677 580,860 10,140 1,510 729,842 156 527 27 198 2,795 7,418 51 2,795 4,812 2,472 600 2,238 2,821 4,279 3,108 2,073 3,466 1,669 1,014 2,471 855 3,432 5,587 955 12.922 155 157,251 600 2,369 5,337 9,310 211 20 3,552 3,631 3,563 1,275 905 1,805 921 2,702 76 295 4,031 4,020 538 16.175 677 580,860 10,140 682 828 17,676 601,445 1,967 1,514 267,990 108,754 bl Generation of voluntary Income Coffee Morning Expenses Bank Charges & Transactlon Fees 218 444 662 218 458 676 190 188 378 Total Expendilure 109,416 17,678 601,449 1,975 730,518 268,368 Page 6
The Parochial Church Council of the Ecclesiastical Parish of Brightlingsea All Salnts wlth St James Notes to the Flnanclal Statements (Contlnued) For the Year Ended 31st December 2023 4 Staff Costs 2023 2022 a) Wages and Salaries 21,886 16,886 During the year the PCC employed a cleaner, a caretaker, and a Buildingl Groundsman who also performed the roles of Sexton and Verger. An Adrninistralor supports the work of the Parish and the Churchyard. The same employee also has the role of Activity Coordinator. This aspect of their role is financed by the All Saints Angels project. Payments to staff were large enough lo attract lax and national insurance which were accounted for to HMRC using the services of a payroll provider. The PCC also offers the Nest Pension scheme to qualifying employees. b) Payments to PCC members No payments or expenses were paid to any member of the PCC in connection with their seNices as PCC members. Chris Bloor, Sheila Crow & Linda Salmon received fees in conection with their services at Funerals and Weddings. 5 Flnanclal Actlvlty within the Funds All Saints Fabric and Resources Restricted Fund The PCC established this fund to réceive grants and other income and make paym8nts in connection with the activities of the Angels and the Tower of Strength project to restore the tower, provide a toilet and small kitchen. Further details are at Note 12. Sl James Alteration Fund There has been little financi818Ctivity in this fund this year. Church ard Fund The Fund is used to maintain the churchyard at All Saints. It supports the work of the 'Holy Mowars. a team of volunteers who maintain the Churchyard. The PCC transfers 50°/ts of its share of fees feceived for burials, interments and memorials to the fund.This totalled £5,765 in 2023 (£3,030 2022}, Church ard Trust The PCC identified thls restricted trust, originally part of the Churchyard Fund, to separate th6 Churchyard inveslrnent from the running costs. Income generated by this fund is Iransferred on receipt to the Churchyard Fund to support running costs. St James Fabric Desi nate Fund The Fabric Fund receives money that has been left to the Church 'ln Memoriam, and other gifts for St James This fund was used to repair the chancel roof at St James. Native Desi nated Fund The PCC set this fund up lo separate the Income and expenditure 8ssoGi8led with the Native magazine. 6 Flxgd Assets - Tangibles Churchyard Donation Machinery ShedIPalStation Total 2023 Total 2022 Mowers Brought Forward Additions in year Carried Forward reciation Brought Forward Charge for year Carried Forward Net Book Value 2.060 1,549 1,400 2,949 2,046 5.655 1,400 7.055 2,060 3,595 5,655 2,060 2,046 1,770 240 2,010 50 317 588 905 2,044 682 682 1,364 682 2,769 1,510 4,279 2,776 1,255 1,514 2,769 2,886 Page 7
The Parochial Church Council of the Ecclesiaslical Parish of Brighllingsea All Saints with St James Notes to the Financial Statements (Conlinued) For the Year Ended 31 st December 2023 7 Fixed Assets - Invgstmgnts The change in investments is due entirely to gains on revaluation as follows Market Value Gain on 01101123 revaluation Market Value 31112123 Tithe Chancel Trust Francis Family Trust Chancel Trust Churchyard Trust Pym and Bayard Brown Charities Total Investments 6,706 10,413 3,058 43,179 1,900 65,256 842 980 288 4,062 180 6,352 7,548 11,393 3,346 47,241 2,080 71,608 8 Debtors and Prepayrnents 2023 2022 Unrestrictèd Fund Tax Recoverable on Gift Aid Fees due Funerals and Interments Friends of All Saints Contribution to Lighting 10,000 1,588 250 11,838 5,000 5,092 308 10.400 Reslricted Fund- Churchyard Fund Brightlingsea Town Council- Churchyard Maintenance Grant 1,193 13,031 10,400 9.1 Credltors . Amounts falling due in one year 2023 2022 Unrestricted Fund utility Accruals Wedding Fees paid in advance Vicars Expenses Independent Examiners Fee Parish Share Additional Contribution PCC 50k Tithe Charitable Giving Other Accruals Missionery Societies Home Mission Diocesan Fees Return Organ Tuning 676 700 240 600 275 50 33 442 800 480 600 33 52 53 552 293 3,305 2,574 Restricted Fund- Churchyard Fund Toilet hire 252 2,826 132 3,437 9.2 Creditors .' Non Enforceable . Parish Share The Parish Share for Brighllingsea rose by 280/D in 2023 10 £62,470. The PCC advised the Denary and the Diocese that it could not pay this increase in one year. 11 resolved to pay an additional SO/0 making a lotal planned payment of £51,232. It also agreed to Tithe any additional fund raising lo meet the sum due.This year £54,007 has been paid and the shortfall to the diocese is £8,463 for 2023. Page 8
The Parochial Church Council of the Ecclesiastical Parish of Brightlingsea All Saints with St James Notes to the Flnanclal Statements Icontlnued) For the Year Ended 31st December 2023 10 Analysls of Net Assets by Fund Desi Unreslric- naled led Funds Funds Total Endow- Funds ment Funds 2023 Reslricted Funds Total Funds 2022 Tangible Fixed Assets Investment Fixed Assels Current Assets Less Current Liabilities Net Assets 682 2,094 61,980 96,995 252 160.817 2,776 9,628 71,608 1,134 103,560 2,826 10,762 175,118 2,886 65,256 93,174 3,437 157,879 291 2,574 2,283 5,140 5.822 11 Statement of Funds Transfers Bal blfwd other gains Gains and Bal clfwd 01101123 Income Expedilure and losses Losses 31112123 Unrostricted Fund General Fund 1,093 104,226 109.416 4,000 2,283 Design8ted Funds St James Fabric Designated Fund Native Magazino Fijnd 16,220 4,015 20,235 3.443 3,822 7,265 13,646 4,032 17,678 2,000 2,000 4,000 4,017 1,805 5,822 Restricted Funds All Saints Fabric and Resources Fund Brighllingsea Chancel Trust Churchyard Fund Churchyard Trust Francis Twst Sunday School Fund Sl James Alteration Restricted Fund 48,685 617,303 8,255 269 10,946 7,431 43,178 1,292 11,457 311 5,909 275 97,859 1,136 128,919 628,017 592,011 23,393 8,812 11,281 47,234 12,550 5,338 98,995 160,817 288 8.394 1,298 1,298 198 198 4,062 980 1,044 601,449 5,330 Endowmenf Funds Pym & Bayard Brown Charity Tithe Chancel Trust 3,112 6,706 9,818 1,897 1,975 180 842 1,022 3,214 7,548 10,762 1,897 1,975 Total Funds 157,879 741,405 730,518 6,352 175,118 The overdrawn All Saints Fabrlc and Resources Fund is due to timing differences belween the receipt of grant and the payment of contractors. The project is fljlly financed and the fund will right its self. Page 9
The Porochial Church Council of the Ecclesiastical Parish of Brightlingsea All Saints with St James Notes to the Flnanclal Statements (Continued) For Ihe Year Ended 31st December 2023 12 All Saints Restoration - Tower of Strength and Angèls Projects The project 15 a partnership with the Friends of All Saints and the PCC. As the responsible body the PCC makes the payments and receives any granls. This note lists the grant aid received in the year and shows in more detail the major expenditure incurred. The PCC is grateful for the SL¢PPOrt received from grant givers. 2023 2022 Grants Received National Heritage Lottery - Development Stage National Heritage Lottery - Delivery Stage Listed Places of Worshlp Grant Friends of All Saints Bishop Radford Trust Beatrice Laing Trust Garfield Weston Trust FSJ Trust Essex Heritage Trust National Churches Trust Friends of Essex Churches 2,188 73,443 3,098 403,077 83,093 75,000 1,000 5,000 20,000 3,000 5,000 20,000 30,000 616,170 107,729 Project Expendllure Building Costs Project Staff Profesional Fees Recruitment Furniture and Equipment Publicity and Printing Education Support Other Costs 511,422 18,456 38,574 109.332 14,242 24,808 583 8,286 11,343 108 927 30 580,860 157,251 Page 10
The Parochial Church Council of the E¢cle5iastical Parish of Brightlingsea All Saints wlth St James Notes to the Flnanclal Statements {Contlnuodl For the Year Ended 31 st December 2023 13 Charltable Glvlng These gifts lo charity have arisen through Collections at Services, proceeds from Jellllifer's Bookstall. use of Trust Funds and personal anonymous gifts. The PCC has mad& donations as shown below. All from General Fund unless stated otherwise 2023 2022 Givin to Missiona Beacon of Hope Embrace Soclelies 100 141 53 194 100 Givin Relief and Develo ment A encies British Red Cross - Ukranian Appeal Brighllingsea Church Lads and Church Girls Disasters Emergency Comm - Parkistan Flood Appeal Disasters Emergency Comm - Turkish Earthquake Appeal 69 18 307 324 324 394 Home Mi ion Brightlingsea Church Lads and Glrls Brlgade Childrens Sociely 50 75 125 53 53 Secular Chaiilie Colchesler Night Shelter Colchesler Food Bank Shipwreak Marfners Soclely 220 100 70 390 200 200 Christmas Tree Festival Entrance Fees taken by card 1,946 918 PCC Charitable Givin Deanery Christians Against Poverty Officer Essex Clergy Charity Corporation 250 50 300 50 50 Total CharSlable Glvlng (Excl Christmas Tree Festival) 989 1,141 Percentage of Voluntary Giving and Bookstall Sales 2.0 /0 Page 11
The Parochial Church Council of the Ecclesiastical Parish of BrightlinEsea All Saints with St James Notes to the Financlal Statements (Contlnued) For the Year Ended 31st December 2023 14 Comparatlve Fund Analysis for 2022 Statement of Financial Activiti, Unrestric- Desi ted naled Notes Funds Funds Endow- Restric- ment ted Fund5 Funds Total Funds 2022 Total Funds 2021 Income and Endowments Voluntary Income Activities for generating funds Investment Income Church Actvilies Other incoming resources 2{a> 2{bl 2{cl 2 {dl 26,083 308 57,705 3,703 1,615 107,899 170 20 71 167,389 3,723 1,998 34,015 1,501 77,015 3,212 1,708 27,160 2,054 1,927 3.668 1,193 4,264 Total Income and Endowments 87,799 5.879 114,687 261 208,626 111,149 Expenditure Church activities Cosls of Generating Vol Income 3(a) 3(b) 88,648 378 6,021 173,321 267,990 378 137,158 200 Total Exp8ndltur8 89,026 6,021 173,321 268,368 137,358 Net Incomlngl{outgolng) Resources 1,227 142 58,634 261 59,742 26,209 Other recognised gainsllosses Transfers between funds-{Out) In Gainsllloss&s) on inveslrnent assets 6 7,558 936 8,494 9,402 Net movement In funds 1,227 142 66,192 675 68,236 16,807 Total funds brought fOard at 0110112021 134 20,377 195.111 10,493 226,115 242.922 Total funds carried forward at 31112121 1,093 20,235 128,919 9,818 157,879 226,115 Page 12
The Parochial Church Council of the Ecclesiastical Parish of Brightlingsea All Saints with Sl James Income Budget 2023-2024 THIS DOES NOT FORM PART OF THE ACCOUNTS Actual 2023 2023 2024 a) Voluntary Income Gift Aid - Bank Gift Aid - Envelopes Parish Giving Scheme One-off Gift Aid Gifls Gift Day Income Tax recoverable on Gift Aid Other Planned Giving Loose Plate Collections TOXI and Card Giving Donation Station Cash & Card Donation Station Card Gift Aided Giving through Church Boxes Collections for Charities Donations appeals etc One - off Granls 13,300 13,410 3,000 3,000 23,100 24,485 2,000 2,116 13,500 3,000 25,400 2,500 5,000 1,200 4,000 1,600 5,000 1,335 6,014 534 2,216 992 500 2,606 2,074 2,090 55,900 66,372 4,000 1,350 5,000 600 2,000 1,000 400 1,500 1,500 400 1,500 800 61,750 b) Aetlvltles for generatlng funds Christmas Bazaar, Quiz Nights etc other funds generated Bookstall Sales Coffee Mornings 1,500 100 400 1,700 3,700 1,753 232 470 2,066 4,521 1.500 200 400 2,200 4,300 INCOME TO BE GENERATED 36,000 5,256 c) Income from Investments Dividends on CBF Investmenl Fund Bank and CBF Deposit Fund Interest dl Incorne from Church Actlvltles Fees for Weddings and Funerals Hiring of Churches 17,500 23,567 5,400 4,260 22,900 27,827 20,000 4,000 24,000 e) Other Incomlng Resources Contribution from FOAS for Lighting Contribulion Churchyard Fund Admin 360 250 360 360 250 360 Total Incoming Resources 82,860 104,226 130,410 Page 13
The Parochial Church Council of the Ecclesiastical Parish of Brighllingsea All Saints with Sl James Expendllure Budget 2023.2024 THIS DOES NOT FORM PART OF THE ACCOUNTS General Fund Summary Budget Actual 2023 2023 2024 Church Activities Giving to Missionary Societies Giving - Reli&f and Development Agencies Home Mission Secular Charities Giving to Charities PCC 5 % Tithe Charitable Giving Diocesan Parish Share Parish Share to be found Working expenses of Vicar Vlcar's Telephone Locum Clergy Expenses Upkeep of Services OrganlPiano Tuning Parish Training and Mission Salary Parish Administrator Independent Examiners Fee Church running - Insurance Church running - Electricity ChLfrch running- Gas Church Maintenance Cleaning Carelaking Church Office - Telephone Adffiinislration Website Upkeep Fees for Weddings and Funerals Sundry Expenses 100 324 125 2,336 1,900 300 51,232 11,238 1,000 240 500 1,500 300 100 2,860 650 2,400 4,420 9,950 1,200 3,700 2,500 1,300 2,100 1,900 50 300 51,232 56,355 2,775 8,761 1,000 240 500 1,733 2,000 425 350 51 100 2,796 3,140 600 710 2,369 2,400 5,337 7,100 9,310 12,250 3,630 1,500 3,563 3,860 1,275 2,750 905 1,200 1.805 2,000 921 500 11,020 16,175 12,600 100 677 100 110.510 108,754 121.616 240 Generation of voluntary income Coffee Morning Expenses Bank Charges & Transaction Fees Donalion Station Charges 170 170 218 444 200 150 200 340 662 550 110,850 109,416 122,166 Total Resources Expended General Fund Budgeted Summary Income {from Page 12) Less Expenditure (From above) 118,860 104,226 130,410 110.850 109,416 122.166 8,010 5,190 8,244 Transfer from Designated Funds 4,000 Add Balance Brought Forward{from page21 1,093 1,093 2,283 Deflcit Balance Carried Forward 6,917 2,283 5,961 The PCC will need to find additional income of £3,300 per month to achieve this budget, but has resolved to tithe any additional income raised to give lo the Diocese to support the Parish Sharg. Page 14