St Andrthrfs, Stapleford P¥rochial Church Councll Flnanclal Statements For the year ended 31 DeceMr 2023
St Andre5, Stapleford Parochial Church Council Financlal Statements For the year ended 31 Dernber 2023 Contents Page No Charity Reference and Administrative Details Report of the Trustees Independent Examinerfs Report Statement of Financlal Artivities io (including Income and Expenditure Account) Balance Sheet li Notes to the Financial Statements 12-20
5t Andre5. Stapleford Parochial Church Council Charfty Refence and Admlnlstrative Details For the year ended 31 Dmber 2023 Charity Name The Parochial Council of the Ecclesiastical Parish of St Andrew, Stapleford Other name the charity uses stap pcc Registered Charity Number 1158492 Charity The Wicarage 43 Mingle Lane Stspleford Cambridge CB22 5SY Charitvs principal address
St Andres, Stapleford Parochial Church Council Names of the charity trustees WI managed the charity during the year. Trustee name Office {rf any) Dates acted rf not for whole year Simon Taylor Felicity Cooke Chair Vice chair Deanery Synod Rep Electoral Roll Officer Churchwarden Curate Secretary Treasurer Deanery Synod Rep Alastair MacGregor Lucinda Howard Nicola West Chris Bow Lizzie Taylor Sue Brown Anand Pillai leanllie Green John Bryden Sarah Kastner Valerie Powell Kirsty Campbell Martin Gin er Sarah Hackett Romie Ridley Rachel Bousfield Fiona Hollidav Anne Roberts Nicky West To March 2023 To March 2023 To March 2023 To September 2023 Assistant churchwarden From March 2023 From March 2023 From March 2023 From Mèrch 2023
St Andrew's. Stapleford Parochial Church Counal Report of the Trustee5 For the year ended 31 December 2023 Objertives and ArtFvities Summary of the purposes of the charity as set ¢xrt In Its governlng document Stapleford PCC has the responsibility of working with the Parish Priest, the Revd Dr Simon Taylor, to promote in the ecclesiastical parish the whole mission of the church, pastoral. evangelistic, social and ecumenical. The PCC has maintenance responsibilities for the Church of St Andrew. the Vergerfs Cotta8e and the Johnson Hall. Summary of the main activltles in relation to th( purposes for the public benefft, in rtiCular, the activities> projects or services identffied in the accounts The provision of religious servi5 on a regular basis. St ATrdre5 is a churth for the whole community. The PCC is committed to enabling as many people a5 Possible to worship at St Andrew's church and to become part of the church tommunity. including offering special servites at Easter, HaNest. Remembrance Sunday and Christmas. We offer baptism, marriage and funeral services as requested and in accordance with Ety Diocese in5trurtions. Pastoral and spiritual sUPPOrt is offered to the whole community- Statement confimilng whether the tntstees have had regard to the guldance Issued by the Charity Commisslon on public benefit In provision of these activities we are mindful of Christian teaching as well as the guidance issued by the Commission on public benefit. Thus whi15t our worship, ethos and practices are Christian and accord with the doctrine of the Church of England, activities organized or led by the church for individuals or 8roups a open to all and are carrted out without discriminating in relatlon to any protected chararteristic. We also work in partnership with the community to maintain the fabric of St Andrew's church and the churchyard and both are used by the wider community. Contrlbution made by volunteers The Parish Priest of St Andrews serves as 'House for Duv. receivin8 housing but no stipend from the Diocese. The parish contributes the full ministry share requested from tt. Members of the PCC and the congregation lead and SUPPDrt all artivitie5 on a voluntary basis, through a system of sutF committees of the PCC. Maintenance of the buildings and churchyard. worship and social events. pastoral work in the parish, and children's and youth work in the parish are all contributed to by volunteer members of the PCC and the church.
St Andrew's. Stspleford Parochial Church Council Achievements and Perfomiance Summary of the main achlevements of the charity. Identifying the difference whkh the chariV5 work has made to the clrcumstances of its beneficFaries and any wtder benefrt5 to society as a whole During 2023 the church's activities continued to recover from the effects of the Covid pandemic. Worship and Prayer The PCC offers a range of seNices and other VrShIP opportunrties each week and in the course of the year. During the course of the year St Andrev/s has generally offered up to three services on Sunday mornings. in addition to evening services once a month. Every Sunday morning begins with a communion seNice at 9 am. The various seice$ at 10.30 am are of different styles. In 2023 they Included regular Forest Church services in the churchyard or Messy Church services in the Johnson Hall depending on the weather. These services have proved popular with families with young children, but also with some older members of the church. The popularity of Forest Church has continued to prompt greater use of the churchyard for other services too, so that a number of services. both on special festivals and other occash)ns, were successfully held in the churchyard. Special services have taken place according to the church calendar le.g. Easter Sundayi Harvest Festival) In March 2023 at the date of the annual church meetings there were 127 persons on the Elettoral Roll. Attendance compared with the previous year. and with the pre-pandemic figures in 2019 were as follows= 2019 Ico 2022 83 2023 79 Average week in Ortober Usual Sunday Easter Eve/Day Christmas EvelDa 85 240 430 76 196 80 185 Overall, therefore, attendance is at present generally lower than before the pandemic and on some measures lower than in 2022. There is. however, a sense that In attendance as well as in the rangè of activitie5 the church offers a continuing recovery from the pandemic. The church meets monthly outside of Sunday Se15 for a prayer meeting. It is open to all, though attendance is limited. Deanerysynod Four members of the PCC, including the parish priest and curate and two elected representatives, sit on the Deanery Synod, which provides the PCC with an important link between the parish and wider structures of the church. The church building• Johnson Holl ond Veryerfs Cottage During 2023 the church remained open 24 hours a day. The PCC'S Fabriccommittee has continued to undertake and commission regular maintenance and upkeep, and volunteers do the bulk of the work necessary to maintain the churchyard. Both church groups and community groups and local service businesses use the Johnson Hall. A weekly toddler group, Little Fishes, run by the church. takes place in the John50n Hall. This re-started at the end of 2021. The reduction in use of the Hall
St Andre$, Stapleford Parochial Church Council has only been partially reversed, and it 15 possible that the revenue generated will not cover the cost of maintenantr. The Verger's Cottage provides offKe Spa for the parish. including the administrator, curate and youth worker. A local charity. the Magog Trust. rents office space and use it as their postal address, arsd it is also used as a postal address for another local chortty (the Stapleford Feoffeesl and a national charity Iwomen and the Church). The sitting room in the Cottage is used as a counselling room occasionally. Parish Muguzine The church publishes a monthly news and events magèzlne forthe village of Stspleford. The Stapleford Messenger. which is available on subscription with copies delrvered in the village and in local shops. The production of the magazine has been taken over by the Messenger Produrtion Group. The surplus from the magazine 15 used in part to fund local. natK*nal and international good causes. Youth Work A paid church youth worker, Zoe Clayton, worked 16 hours per week ft)r the church for most of 2022. The groups a small but well-liked by those who attend. Occasional other activities and trips also took place as circumstances allowed. The StAndrev/s Staplefvrd-Nochinqweo nk Together with the local community the church runs a Link Committee with the church of St Andrew's in Nachingwea, Masasi Diocese in southern Tanzania. The Link celebrated its 42 years of operation in 2023 with a seNice in September. It is thought to be the longest running. continuously active Parish to Parish link in the UK. The St Andre5/Children'S Sou"ety Partnershlp In 2023 the partnership continued to support the work of The Children's Society (TCSI by praying, acting and giving. The key event of the year was a celebrdtory service in September. The partnership committee continue to devise novel ways in which we can sUPPOrt the vital work of TCS with the most vulnerable and disadvantaged children and young people in the country and St Andre$ models these initiatives so they can be adopted by other churches. The Stapleford Communlty Warden Scheme This scheme. njn by Cambridge and Peterborough Age UK but sponsored by St Andrew's has continued to run during the year. A new warden has brought great enthusiasm to the post. Financlal Review As illustrated in the financial statements on pages 10-20, the church's financial position continues to be maintained predominantly by regular giving and donations. (fverall. at £73,116. this has remained ststic year on year12022: £73,739)- Other ordinary income rose to £30,16812022-. £27.020). largety due to increased magazine sales revenue, following a subscription increase, and a full yearfs rental of the Magog Trust Offi in the Verger's Cottage. Hall rental income remained broadly constsnt. Before investment gains, the net surplus for the year wa5 £8,62712022: £17,5971- The restricted funds were in deficit in the year by £2,81912022= £18.338 surplus). This was lorgely due to architect's fees and land Survey costs Itotalling £6.1741 and grants paid from the Nachingwea Fund
St Andrew's. Stapleford Parochial Church Council in excess of incoming resources. The church's unrestricted funds (which reflect the nomial operation5 of the PCC} were in surplus by £11,44612022= £741 deficitl- The PCC transferred £3,(m to The Messenger designated fvnd {2022: £3.1M)l. The Sum of £776, which the PCC had received from tvs youth work, was added to a new established Youth Fund. Gains on investments amounted £7.87912022= £15.209 lossl. Net assets were £204,551 {2022: £188.0451. The overall financial position of the PCC remains satisfactory. Statement explalnlng the policy for holding reseNes stating why they are held It is the policy of St Andrev/s Church. Stapleford to hold in reserves the equivalent of three months. general running costs and three years, annual deficit of income versus expenditure Ibased on recent years, experience). It is also our policy to hold an amount for likely building works arising from the church's next quinquennial inspection and other major issues, currently ceiling and heating repairs. The appropriate sum to hold in reserve forthese purposes at the present time is £200,000. The charltrfs principal sources of funds {Induding any fvndraising) The charivs principal sources of funds are personal giving and fees Eained for wedding and funeral se15 (charged in accordance with Ely Diocese procedures). with additional funding provided by rental income, income from the village magazine and interest on investments. A programme of fundraising events augments the church's funds but are primarily to aid other charities eg: our link with St Andrew's Church, Nachingwea. Tanzania as well as a range of local. national and international aid charities. Two Stapleford charities provlde funds for the long-temi Maintenan of the church fabric (see note 121. Structure. Governance and Management Description of charivs trusts: Type of governing document Parochial Church Powers Measure119561 as amended, and Church Representation Rules that came into force on 2 January 1957. How is the charity constltuted? The method of appointment of PCC members is set out in the Church Representation Rules. The membership of the PCC consists of the parish priest, any other clergy licensed to the parish. churchwardens, deanery synod representatives. and members elected by members of the Congregation who are on the electoral roll of the church. All churth attenders are encouraged to register on the electoral roll and stand for election to the PCC. The PCC members are SPonSible for making decisions on all matters of general concern and importance to the parish. including deciding how the funds of the PCC are to be spent. There may be up to two Co-opted members of the PCC. The full PCC meets six times during the year. and delegates some of its detailed work to committees for Fabric and the Johnson Hall & Ver8erfs Cottage.
St Andrew's, Stapleford Parochial Churth Council The Standing Committee of the PCC has the Wer to transact the business of the PCC between its meetings, subject to any direttions given by the Council. The members are the chair, vice-chair, churchwardens. the PCC secretary Iwho is presently an elected lay member of the PCCI. the Treasurer la co-opted member of the PCC), and one additional elected lay member. Trustee selertion Methods includlng detsils of any constitutional provlslons e.g. election to post or name of any person or body enlitled to appoint one or more trustees All members of the PCC are elected in accordan with the Church Representation Rules. save for the chair, who is the parish priest for the time bein& any other clergy licensed to the parish, and up to two co-opted members. Trustees, responsibiltties in relation to the financial statements The Trustees are required by law to prepare financial statements for each financial year that give a true and fair view of the financial attrvities of the charity and of its financial position at the end of that year. In preparing those financial statements, the Trustees are required to: lal select Sultab accounting policies and apply them consistent b} make judgements and estimates that are reasonable and pnjdent Icl stste whether the policie5 adopted are in accordance with the Charities Act 2011 and with applicable accounting standards and statements of recommended practice. subject to any material departures disclosed and explained in the financial statements dl prepare the financial statements on a going concern basis unless it is inappropriate to assume that the charity will continue in operation. The Trustees are responsible for keeping proper accounting records which disclose with reasonable accuracy at any time the financial position of the charity and enable them to ensure that the financial statements compty with the Charities Act 2011. They are also responsible for safeguarding the asset5 of the charity and hence foi tsking reasorkable steps for the prevention and detertion of fraud and other irregularities. Declarations The trustees declare that they have approved the truste report above. Signed on behalf of the ¢hariVs trustees Signaturelsl Full Namels) Position Date Simon Taylor Chair Alèstair Roy MacGregor Churchwarden Zoz*
St Andrew's, Stapleford Parochial Church Council CHARITY COMMISSION FOR ENGLAND AND WALES Independent examinerfs report on the accounts Section A Independent Examiner's Report Report to tho trusteesl members of St Andrew's Staf0rd Parochial Church Council On accounts for the year ended 31 Dmber 2023 Charity no (if any) 1158492 Set out on pages 10t020 I report to the trustees on my examination of the accounts of the above charity ("the Trust") for the year ended 31 December 2023. Responsibilities and basis of report As the charity's trustees. you are responsible for the preparation of the accounts in accordance wtth thé requirements of the Charities Act 2011 (Yhe A¢r). I report in resped of my examination of the Trust's accounts rArried out under section 145 ofthe 2011 Act and in carrying out my examination, I have followed all the applicable Directions given by the Charity Commission under section 145(5}(b) of the Act. Independent I have completed my examination. I confim Ihat no material matters have examiner's statsment come to my attention in connection with the examination which gives me cause to believe that in, any material respect: the accounting records Vre not kept in accordance with section 130 of the Charities Act,. or the accounts did not accord with the acKounting records., or the accounts did not comply wtth the applicable requirements conMIng the fomi and content of accounts set out in the Charities (Accounts and Report5) Regulations 2008 other Ihan any requiiement that the accounts give a Irue and fairf view which is not a matter considered as part of an independent examination. I have no cOnmS and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts lo be reached. Signed: Date: s I Name: Jayne Merrick Relevant professional qualification(sl or body (If any): Address: 6 Chur¢hfiekl Avenue, saYtOn. CB22 3LA
St Andrew's. Stapleford Parochial Church Council St*ement of Financial Actl¥ldts (Induding Incorne and ExPendIre Account) For the year ended 31 Oecember 2023 Unrertrirted fvnds 2023 Total 2022 Total funds Incomlng resources: Donations and legacies Charitable activities 60,222 1,160 27,108 4,802 12,894 73,116 1,160 30,168 4.802 73,739 1,948 27,020 4,037 Other ordinary incoming resources Investments Total Incomlng resources 93.292 15,954 109,246 106,744 Resourtes expended: Raising funds Charltable activitles 114,0171 167,8291 13601 118,4131 114,3771 186,2421 112,4131 176,7341 Total resources expended 181,846) {18,7731 II¢JO,6191 189,1471 Net Incomlng resour¢es before other 8alns and1055es 11,446 12,8191 8.627 17.597 GalnsllLossesl on Investments 7.879 7,879 115,2091 Net movement In funds 19,325 12,8191 16,506 2,388 Recon¢lllatlon of funds Total funds brought forward Total funds carried forward 152,803 172.128 35.242 32.423 188,045 204,551 185,657 188,045 The statement of financial activittes includes all Bains and105ses in the year. All income and expenditure derives from continuing activities. The notes on pages 12 to 20 form part of these financial statements. io
St Andrew's. Stapleford Parochial Church Council Balance Sheet As at 31 Dernber 2023 Unrestrirted fvnds Restrfcted fund5 2023 Totsl 2022 Total Fixed assets Investments 122.421 122,421 114,542 Current assets Debtors 1.495 65.178 66,673 564 2,059 97,037 99.096 1,700 87.629 89,329 Cash at bank and in hand Sub-total 31,859 32,423 Current liabilities Creditors.. amounts falling due within one year 116.9661 116,9661 115.8261 Net current assets 49,707 32,423 82,130 73,503 Total assets le55 current Ilabllltles 172,128 32,423 204,551 188,045 Totsl net assets 172,128 32,423 204,551 188,045 The funds of the charity Restricted funds 12 32.423 32,423 172,128 35,242 152,803 Unrestricted funds 12 172.128 Total funds 172,128 32,423 204,551 188,045 The notes on pages 12 to 20 form part of these financial statements. Approved by the Trustees on Signature{s) Full Name{s) Position Simon Taylor Chair Alastair Roy MacGregor Churchwarden li
St Andrev/s, Stapleford Parochial Church Council Notes to the Financlal Statements For the year ended 31 December 2023 l. Accounting Policies The principal accounting policie5 adopted, jud8ement5 and key sources of estimation uncertainty in the preparatK)n of the financial statements are as follows: (al Basis of prepafation The financial statements have been prepared under the Charities Art 2011 and in accordance with the Statement of Recommended Practice for Accounting and Reporting by Charities (20151, the Financial Reporting Stsndard FRS 102 and relevant church accounting regulations. The charity constitutes a public benefit entity a5 defined by FRS 102. Assets and liabilities are initially recognised at historical cost or transattion value unless otherwise stated in the relevant accounting policy notel51- Ib) Going concern The financial statements have been prepared on a going concern basis as the Trustees believe that no material uncertainties exist. The Trustees have considered the level of funds held and the expected level of income and expenditure for 12 months from approving these financial statements. The budgeted income and expenditure 15 sufficient with the level of reserves for the charity to be able to continue as a going concern. Icl Income All income is included in the Statement of Financial AttNrties when the charity is entitled to the income and the amount can be quantified wtth reasonable accuracy. Income is allocated as nrestricted and restricted in accordance with fvnd accounting rules. The following specific policies are applied to particular tategories of income.. Income from donations and legacies include5 grants and donations and is included in fvll in the Statement of Financial Artivities when receivable. Grants, where entitlement is not conditional on the delivery of a specific perfomance by the charity, are recognised when the charity becomes unconditionally entitled to the grant. Legacies are Trncluded in the Statement of Financial Arttiiities whÈn the charity becomes aware of its entitlement to the gift and the amount involved can be quantified. Income from investments is included when re1Vable. Income from other trading activtties 15 accounted for when earned. 12
St Andrews. Stapleford Parochial Church Council Id) Expenditure Expenditure is recognised on an accrual basis as a liabiltty is incurred, split betweerb unrestricted and restricted funds. Expenditure on raising funds comprises the costs associated with attratting donations and legacies and the costs of other trading artivities. Expenditure on charf(able activtties comprises those costs incurred in the delivery of services to beneficiaries. It includes both costs that can be allocated direttly to such activities and those costs of an indirect nature necessary to support them. Governance costs are tIse associated with meeting the con5tttutional and statLStory requirements of the charity including costs linked to the strategic management of the charity. Identifiable direct costs are allocated between expenditure categories of the Statement of Financial Activities on an actual basis. all other costs are allocated on a departmental 'head count, basis. le) Consecrated and benefi property Consecrated and benefice property of any kind is excluded from the financial statements by Section 10121 lal & Icl of the Charities Act 2011. (fl Tan£Tble fixed assets Individtjal fixed assets costing more than £750 are capitalised at cost. Depreciation is provided on all tangible fixed assets at rates calculated to write off the cost over their experted useful economic Irves as follows.. Electronic equipment 33% straight line basis (g) Investments Investments in quoted securities and property investments are stated at market value at the balance sheet date. The Statement of Financial Artivities includes the net gains and10s5es arising on revaluations throughour the year. (h) Fund accounting Unrestricted funds are available for use at the discretion of the Trustees in furtherance of the general objectives of the charity. Designated fvnds have been set aside from unrestricted fund5 by the PCC for specific reasons. Restricted funds are subjerted to restrictions on their expenditure imposed by the donor. (i) Taxation The charity is exempt from corporation tax as surplus income and gain5 are applied for charrtable purposes. (i) Finance and operating leases Rentals applicable to operatin8 leases are charged to the Stotement of Financial Activities over the period they are incurred. The charity ha5 no finan leases at present. 13
St Andrew's, Stapleft)rd Porochial Church Council 2. Incoming resources Unrestrirted 2023 Total 2022 Total Donations and legacies: Donations and gifts Gift aid 49,817 10.405 60,222 11,804 1,090 12,894 61,621 11,495 73,116 63,145 10,594 73,739 Sub-total Charitable activities: Fee income 1.160 1.160 1,948 Other ordinary incoming re50urces= Hall hire 4.388 4,388 3.(0 18,275 4,445 30,168 4,209 1,873 17,057 3,881 27,020 Fundraising Magazine sales & advertising Other income Sub-total 3,060 18,275 4.445 27.108 3,060 Income from investments.. Interest income 4.802 4,802 4,037 Total incoming resource5 93,292 15.954 109,246 106,744 Please refer to Note 3 for associated resources expended. 14
St Andre5, Stapleford Parochial Church Council 3. Resources expended Unrestricted Restricted 2023 Totsl 2022 Total Expenditure on raising funds: Ma8azine printing costs Other trading activities- hall upkeep Other 10,145 3,872 10,145 3,872 360 10,113 2,300 360 Sub-total 14,017 360 14.377 12,413 Expenditure on charitable activities: Ministry share Administratlve costs 27,094 12,538 4,062 27,094 12,831 4,062 25,801 12,740 2,364 293 Utilities p..1111 Insurance 2,700 4,476 608 2.700 11,734 2,551 5,970 434 Repairs & maintenance Events & entertainlng Missions & charities Upkeep of services Choir, robes & music Youth work & education 7,258 10,862 12,362 1,442 5,214 8,195 5,299 2.355 9,189 10.031 1,442 5,214 8,195 Depreciation Sub-total 67,829 18.413 86,242 76,734 Total resources expended 81.846 18,773 I,619 89,147 4. Staff costs 2023 zo22 Salary costs National insurance contribution 15.191 17,532 85 Total staff costs 15,191 17.617 The average number of employeesduringthe yearwas 1.7512022= 2.0)
St Andrevls, Stapleford Parochial Church Council 5. Tangible Fixed Assets Electronic Equipment Cost At l January 2023 and 31 December 2023 2.137 Depreciation At l January 2023 and 31 Dember 2023 2,137 Net bookvalue at 31 December2023 Net book value at 31 December 2022 The PCC owns the freehold of the Johnson Hall and Veoerfs Cottage which it acquired from the diocese in 1954. This asset was not capitalised in the accounts of prior period5 and the trustees have decided there is no material benefrt in obtaining a fomial valuation. For insurance purposes. the property was valued at £2.9)).(M)) on the last renewal date in September 2023. 6. Fixed Asset Investments Llnrestritted 2023 2022 CCLA share fund Investment: At ljanuary Gains/lLossesl on revaluation Market value at 31 December 93.402 8.864 102.266 105.801 112,3991 93,402 CCL4 property fund investment= At l January (Lossesl on revaluation Market value at 31 December 21,140 19851 20.155 23,950 12,8101 21,140 Total market value of investments at 31 December 122,421 114,542 16
St Andrew's, Stapleford Parochial Church Council 7. Debtors Unrestricted 2023 2022 Debtors 1,190 305 564 1,754 305 1,409 291 Prepayments Total 1,495 564 2.059 1,700 8. Cash at bank and in hand Unrestricted Restricted 2023 2022 Cash at bank 65.178 31.859 97,037 87,629 9. Credltors: arnnts falling due wlthln one year Unrestricted Re5trirted 2023 2022 Creditor5 1,131 2,077 13.758 1,131 2,077 13,758 844 Accruals 1.597 13.385 Deferred income Total 16,966 16,966 15,826 10. Lease commitments 2023 2022 Total value of future photocopier rental payments 773 1,933 11. Transactions with trustses and related parties No trustee received any remuneration during the year {2022: NIII. Expenses amounting to £128 {2022: £316) were 1MbUrSed to one trustee12022: One). There were no related party transactions12022= None). 17
St Andrev/s. Stapleford Parochial Church Council 12. Funds l January 2022 Movement during 31 Movement during 2023 31 December 2023 December 2022 Restricted funds: Estate fund 12.056 4.848 13,542 4,796 25,598 11,0531 {2.0671 24,545 7,577 Nachingwea fund Children's Society & Warden Scheme 301 301 Total Restrirted funds 16,904 18,338 35,242 12,8191 32,423 Unrestrirted funds: Johnson Hall fund 25,801 63,042 77,527 27,710 42.183 77.527 515 28,225 57,217 77,527 General fund 120,8591 15,034 Legacy fund Designated funds.. Messenger Fund Youth Fund 2.383 5,383 3,WO 776 8,383 776 Total Unrestrlcted funds 168.753 115,950) 152.803 19.325 172,128 Total fvnds 185,657 2.388 188,045 16,506 204,551 l. Restricted Funds Estate Fund The Estate fund was established to fund major repairs to the church largely, but not exclusively, arising out of the quinquennial inspection. It is primarily supported by two Stapleford village charities. Although these are Independent of the PCC, the Parish Priest and the churchwardens serve as trustees of both charities. The Feoffees charity regularly gives three-fifths of its income each year: it gave £4,941 in 202312022= £6,929). The Friends of St Andre$ raise5 funds for the long-term maintenar¢ce of the church fabric. Any request from the PCC is considered by the trustees of The Friends on its merit. £1,( was received from this source in 202312022.. £2.5cl. Nachin ea Fund The Nachingwea fund reiVeS money from regular donations, specrfic appeals and fund-raising events. Its funds are applied in support of St Andre4rfs church in Nachingwea, Tanzania and its parishioners. 18
St Andrew's, Stapleford Parochial Church Council Other The church operate5 two other small funds for causes which it SUPPOrts. The Children's Society fund. which has been established for a numberof years. and the Communtty Warden Scheme fund which was set up in 2019. Both receive money from occasional events organised by the PCC. 2. Unrestrlcted Funds Although separate records are maintained for administrative purposes. these funds are collectively available to the PCC to utilise as it deem5 appropriate. Apart from the Messenger Fund, these funds have not been designated for any particular purSe- the separate headings are a retord of where the funds have been sourced. Johnson Hall Fund Profits/llosses1 on the operation of the hall are accumulated in this fund and rt is expected that they will be called upon first in the event of any maintenance costs. Le The Sour of this fund was a significant legacy with no conditions attached. This fund constitutes the bulk of the PCC'S investment portfolio. the income from which is accumulated directly into the general fund. General Fund This fund receives Its income primarily from member donations, the magazine and other routine parochial activities. It funds the day-to-day operations of the PCC and the diocesan share. Desi nated Fund- Messe er Fund The PCC allocates a proportion of the surplus generated by the parish magazine lThe Stapleford Messenger) to support local charitable and other village-related activities. A designated fund was established for the purposes of receiving and paying out these monies. 2023 2022 Balance at l Januory Transfer in from General Fund 5.383 2,383 Balance at 31 December 8.383 5,383 Youth Fund Monies amounting to £776. prevK*usly received by the PCC from youth artivities, have been transferred to a separate fund to be used on behaFf of suth future initiattves. 19
St Andre5, Stapleford Parochial Church Council 13. Analysis of net assets between funds 2023 Unrestrfcted Restricted Total Flxed assets Tangible assets Investments 122.421 122,421 Current assets Debtors 1,495 56,795 564 2,059 97,037 Cash at bank and in hand 8,383 31,859 Current Ilabllltles Creditors: due within one year 116.966} 116.9661 Net assets 163.745 8.383 32.423 204,551 2022 Desl8nated Restrlrted Total Flxed amets Tangible assets Investments 114,542 114,542 Currènt assets Debtors 194 1,700 87,629 Cash at bank and in hand 47,198 5.383 35.048 Current Ilabllltles Creditors.. due within one year 115,8261 115,8261 Net assets 147,420 5.383 35.242 188,045 20