## Tadcaster Parochial Church Council Financial Report 2023
This report is based on the accounts for the period 1 January to 31 December 2023
## FINANCIAL COMMENTARY
## OVERVIEW
Receipts before legacies for the year were £96.5K and payments were £88.8K giving. a deficit before legacies of £7.7K. This was £2.5K better than forecast. No legacies were received during the year. Non restricted reserves at the year-end were £18.3K
## RECEIPTS
Hidden Treasures receipts for the year were £20.9K which was £10.9K better than forecast. This was an exceptional performance achieved through the hard work of a very dedicated group of volunteers. Fund raising events raised £2.9K during the year. Joint Benefice Contributions were down by £3K as a result of reduced Clergy and Administration costs.
A generous gift of £8,500 was donated to the Church to finance some of the renovation work on the Church windows.
## PAYMENTS
Building Maintenance was £17.6K over budget. This was due to the £21.1K spend on renovations to the Church windows.
The Administrator worked voluntary at no cost, resulting in a saving of £4K in the year.
## OTHER ISSUES
The Freewill Offer to Diocese for 2024 is £26,400. £2,200 per month will be paid by Standing Order each month.
The 2023 accounts were examined and approved by Frank Horner our Independent Examiner.
Much of the work of the Church is undertaken by a loyal group of volunteers. The work they all do is invaluable. I would like to thank every one of them for their work. Their work and skills are a great asset to the workings of our church.
2024 will once again be a challenging year financially. There is a balance of £10K to pay on completion of the Church windows renovations.
The performance of Hidden Treasures will once again be a key factor in the financial performance of the Church.
Graham Rowett ACMA CGMA
9[th] April 2024
## **POSITION AT BANK AS AT 31 DECEMBER 2023**
|HSBC Community Account
HSBC money manager
Nat West Hidden Treasures
**Total funds at bank**
Unpaid cheques
**Total funds available**
Building Reserve
Liquidity Reserve
**Total Restricted & Earmarked funds**
Other Funds & Reserves
**Non-Restricted / Non-Earmarked Funds**
**Total funds available**|£9,243.58
£24,654.19
£5,603.88
**£39,501.65**|
|---|---|
||£233.80
**£39,267.85**|
||£10,000.00
£11,000.00
**£21,000.00**|
||£18,267.85
**£18,267.85**|
||**£39,267.85**|
## **ST MARY'S TADCASTER FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023**
|**Pa**|1&2
Envelopes; Sta
3
4
Wall Safe & Su
5
6
Tax recovered
7
Legacies
8
N/A
8a
N/A
9
Coffee & Lunch
10
Dividends HSB
N/A
N/A
N/A
11
12
Focus Income,
12
Income from C
13
Miscellaneous;;
**rish Return**
**Number**
Cash Collection
Collections to R
Baptism & Con
retained; Funer
Wedding Organ
Choir, Verger to
Funeral Fees to
Funeral Collect
to pay over|**Year End Report Headings**
nding Orders
ndries; Donations
through Gift Aid
es; Fundraising; Harvest Festival
C Current A/c
Youth Projects,Misc
harity Shop Hidden Treasures
Joint Benefice Contributions
s; Baptism Collections to Retain; Wedding
etain; Funeral Collections to Retain
firmation Fees retained; Wedding Fees
al Fees retained
, Bells Choir to pay over; Funeral Organ,
pay over; Wedding Fees to Diocese;
Diocese
ions to pay over; Special Service Collections|**Receipts & Payments Account**
**Receipts**
**Voluntary Receipts**
Planned Giving
Other collections at services
All other recurring giving / donations
All other non-recurring giving / donations
All tax recovered through Gift Aid
Legacies
Recurring grants
Non-recurring grants
**Activities for Generating Funds**
Gross income from fundraising activities
**Receipts from investments**
Dividends
HSBC Money Manager Account Interest
**Church Activities**
Statutory fees retained by the PCC
Gross income from other church activities
Other incoming resources
**Receipts to pay over**
Fees to pay over
Collections to pay over
Gross income from Hidden Treasures Charit
Shop|**Unrestricted Funds**
**Designated Funds**
**Restricted Funds**
**Total**
Total
**Funds**
**Funds**
**Funds**
**2023**
2022
£25,297.78
**£25,297.78**
£27,043.41
£4,976.84
**£4,976.84**
£5,282.29
£11,587.70
**£11,587.70**
£3,701.18
**£0.00**
£0.00
£7,236.36
**£7,236.36**
£7,735.22
**£0.00**
£2,330.00
**£0.00**
£0.00
**£0.00**
£0.00|
|---|---|---|---|---|
||||||
|||||£49,098.68
£0.00
£0.00
**£49,098.68**
£46,092.10|
|||||£3,953.29
**£3,953.29**
£4,197.11|
|||||£3,953.29
£0.00
£0.00
**£3,953.29**
£4,197.11|
|||||£0.00
**£0.00**
£3.10
£213.13
**£213.13**
£13.70
**£213.13**
**£0.00**
**£213.13**
£16.80
£2,750.00
**£2,750.00**
£4,704.00
£1,226.11
**£1,226.11**
£1,160.92
£20,914.68
**£20,914.68**
£13,914.71
£2,676.03
**£2,676.03**
£7,072.50
y|
|||||£27,566.82
£0.00
£0.00
£27,566.82
£26,852.13|
|||||£5,581.00
**£5,581.00**
£8,864.00
£10,137.25
**£10,137.25**
£10,727.62|
|||||**£15,718.25**
**£0.00**
**£15,718.25**
£19,591.62|
||||||
|||||£96,550.17
£0.00
**£96,550.17**
£96,749.76|
|**Unrestricted Funds**|**Designated Funds**|**Restricted Funds**|**Total**|Total|
|---|---|---|---|---|
|**Funds**|**Funds**|**Funds**|**2023**|2022|
|17
Coffee, Lunche
18
Charitable Givi
19
Freewill Giving
20
Administrator O
21
Clergy & Reade
22
Youth Work; Tr
23
24
Gas; Electricity;
25
Focus Expense
26
Governance Co
99
Deanery Quota
27
Tower Repairs
28
N/A
29
N/A
**Parish Return**
**Number**
Insurance; Can
Organ & music
Sunday School
Wedding Organ
Choir, Verger to
Funeral Fees to
Funeral Collect
to pay over|**Year End Report Headings**
s & other catering expenses
ng; Hidden treasures Charitable Giving
rganist & Cleaner Fees & Wages
r Expenses
aining & Education
Water
s; Hidden Treasures Rent
sts
, Other Miscellaneous Expenses
dles, Wafers & Wine; Building Maintenance;
expenses; Admin expenses; Flowers, Rent of
, Bells Choir to pay over; Funeral Organ,
pay over; Wedding Fees to Diocese;
Diocese
ions to pay over; Special Service Collections|**Payments**
**Cost of Generating Funds**
Cost of activities, events, etc.
**Mission Giving & Donations**
Charitable Giving
**Church Activities**
Freewill Giving Paid to Diocese
Salaries / Honoraria
Clergy & Reader Expenses
Mission & Evangelism Costs
Church Running Expenses
Church Utility Bills
Costs of Trading
Audit Fee
Other Outgoing Resources
**Major Capital Expenditure**
Major Repairs to the church building
Major Repairs to other church property
**Receipts to pay over**
Fees to pay over
Collections to pay over
**Excess of Receipts Over Payments**
**Statement of Assets & Liabilities**
**Bank current & deposit accounts 1st Jan**
HSBC Current Account *
HSBC Money Manager Account
Nat West Hidden Treasures Account
HSBC Current Account *
HSBC Money Manager Account
Nat West Hidden Treasures Account
**Net Increase in bank account funds**
**Bank current & deposit accounts 31st Dec**
Approved by the PCC and signed on|£191.68
**£191.68**
**£111.60**|
|---|---|---|---|
||||£191.68
£0.00
£0.00
**£191.68**
**£111.60**|
||||£2,300.00
**£2,300.00**
£2,300.00|
||||£2,300.00
£0.00
£0.00
**£2,300.00**
£2,300.00|
||||£24,000.00
**£24,000.00**
£24,000.00
£3,548.00
**£3,548.00**
£3,014.00
£5,406.52
**£5,406.52**
£1,625.04
£181.17
**£181.17**
£269.26
£8,177.99
**£8,177.99**
£7,367.32
£5,594.04
**£5,594.04**
£4,676.81
£453.27
**£453.27**
£501.47
£0.00
**£0.00**
£0.00
£2,368.93
**£2,368.93**
£3,729.77|
||||£49,729.92
£0.00
£0.00
**£49,729.92**
£45,183.67|
||||£21,115.00
**£21,115.00**
£33,900.00
**£0.00**
£0.00
**£0.00**
£0.00|
||||£21,115.00
£0.00
£0.00
**£21,115.00**
£33,900.00|
||||£5,501.00
**£5,501.00**
£9,207.55
£10,023.64
**£10,023.64**
£10,719.85|
||||£15,524.64
£0.00
£0.00
**£15,524.64**
£19,927.40|
|||||
||||£88,861.24
£0.00
£0.00
**£88,861.24**
£101,422.67|
||||£7,688.93
£0.00
£0.00
**£7,688.93**
-£4,672.91
**Unrestricted Funds**
**Designated Funds**
**Restricted Funds**
**Total**
Total
**Funds**
**Funds**
**Funds**
**2023**
2022
£16,580.93
**£16,580.93**
£18,159.99
£9,441.06
**£9,441.06**
£9,427.36
£5,556.93
**£5,556.93**
£8,664.48|
||||£31,578.92
£0.00
£0.00
**£31,578.92**
**£36,251.83**|
||||£9,009.78
**£9,009.78**
£16,580.93
£24,654.19
**£24,654.19**
£9,441.06
£5,603.88
**£5,603.88**
£5,556.93
|
||||£39,267.85
£0.00
£0.00
**£39,267.85**
**£31,578.92**|
||||£7,688.93
£0.00
£0.00
**£7,688.93**
-£4,672.91
their behalf by Rev Paulie Watkin PCC Chair; Graham Rowett PCC Treasurer; Frank Horner
Independent Examiner|
## **Report of the Independent Examiner**
I report on the financial statements of Tadcaster St Mary’s PCC for the year ended 31 December 2023.
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 an audit is not required for this year under section 144(2) of the Charities Act 2011 (the 2011 Act) and that an independent examination is needed.
It is my responsibility to:
● examine the accounts in accordance with the Church Accounting Regulations 2006 and section 144 of the 2011 Act;
● follow the procedures laid down in the general Directions given by the Charity Commission under section 145(5)(b) of the 2011 Act; and
- state whether particular matters have come to my attention.
Basis of this report
My examination was carried out in accordance with the General Directions given by the Charity Commission, and to be found in Church Guidance, 2006 edition. An examination includes a review of the accounting records kept by the PCC and a comparison of the accounts presented with those records. It also includes consideration of any unusual items or disclosures in the accounts, and seeking explanations from you as trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit, and consequently no opinion is
given as to whether the accounts give a “true and fair view” and the report is limited to those matters set out in the statement below.
## **Independent examiner's statement**
In connection with my examination, no matter has come to my attention:
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 2011 Act; and
- to prepare accounts which accord with the accounting records have not been met; or
to which, in my opinion, attention should be drawn in order to enable a proper understanding of the
accounts to be reached.
Frank Horner
Independent Examiner 12 March 2024