## **Trustees Annual Report and Financial Statements**
## **The Parochial Church Council of Saint Mary, Kemp Town Year ended 31 December 2023**
|**Contents**||
|---|---|
|Annual Report|2|
|Report of the Independent Examiner|7|
|Statement of Financial Activities|8|
|Balance Sheet|9|
|Statement of Assets and Liabilities|10|
|Fund movement by type|11|
|Analysis of Income and Expenditure|12|
|Notes to the financial statements|14|
St Mary’s Church, Kemp Town, 61 St James’s Street, Brighton BN2 1PR Registered Charity No. 1158922
Incumbent: The Reverend Andrew Woodward, St Mary’s Church 61 St James’s Street, Brighton BN2 1PR Independent Examiner: Mr. Martin Bartholomew 21 Mariners Quay, Littlehampton BN17 5DA
_Page 1_
# **The Parochial Church Council of Saint Mary, Kemp Town**
**Year Ended 31 December 2023**
## **Trustees Annual Report for 2023**
## **Structure, Governance and Management**
The Parochial Church Council of the Ecclesiastical Parish of Kemp Town: Saint Mary is a registered charity, no. 1158922.
During the year, the following served as members of the PCC:
_Ex Officio Members_ Incumbent: The Reverend Andrew Woodward, Chairman The Reverend Sarah Van den driessche, Assistant Curate (until October 2023) Churchwardens: Ms Kaye Inglis Mrs. Jane Chetwynd-Appleton, also PCC Secretary Elected Members: Mrs. Margaret Green, Reader Mrs. Joanna Gordon-Hall, Reader Ms Rebecca Donoher Mrs. Gladys Masvosva ALM Ms Naume Chawuluka Mr. Michael Folkard (Resigned April 2023) Mr. Adrian Jenkins (from April 2023, resigned January 2024) Ms Jane Pritchard Vacant Vacant Deanery Synod Representatives: Mr. Paul Stacey Mrs. Denise Sutherland Mr. Philip Davis, Treasurer
Membership of the PCC is determined under the Church Representation Rules and consists of certain ex-officio members (the incumbent, lay readers licensed to officiate in the church, the churchwardens, and members of the Deanery, Diocesan and General Synods), and up to nine members of the church, who are elected at the Annual Parochial Church Meeting (APCM). Members are warmly encouraged to stand for membership of the PCC and we try to ensure a balance of skills and experience where possible.
## **Aim and Purposes**
The primary objective of St Mary’s PCC is the promotion of the gospel of our Lord Jesus Christ according to the doctrines and practices of the Church of England. The PCC has the responsibility of cooperating with the incumbent, the Reverend Andrew Woodward, in promoting in the ecclesiastical parish the whole mission of the Church - pastoral, evangelical, social and ecumenical.
_Page 2_
## **Objectives and Activities**
Our mission is to promote and secure the future of St Mary’s as a church that meets the spiritual needs of our parishioners and visitors to our parish, provides a welcoming space for secular public use and positions itself as an asset and resource for the whole community.
The PCC maintains an overview of worship throughout the parish and proposes and nurtures services and activities to engage the diverse groups that live within our parish.
Our services and worship put faith into practice through prayer and scripture, music and sacrament. When planning our activities for the year, the Incumbent and the PCC have considered the Charity Commission’s guidance on public benefit, and, in particular, the specific guidance on ‘charities for the advancement of religion’. In particular, we try to enable local people to live out their faith as part of our parish community through:
- worship and prayer: learning about the gospel, and developing their knowledge of and trust in Jesus Christ,
- provision of pastoral care for people living in the parish,
- missionary and outreach work.
Maintaining the fabric of St Mary’s Church and of St Mary’s Church Hall and improving the facilities of both buildings is essential to achieving our mission.
## **Achievements and Performance**
_Church attendance and ceremonies_
At 31 December 2023, there were 107 members on the church roll, of whom over 70% are not resident in the parish. The weekly attendance in 2023, counted during October in accordance with the church statistics requirement was 63, compared with 63 in 2022.
Fr Andrew conducted one funeral for a dear parishioner Sheila Stacey at St Mary’s on 3rd February, followed by a cremation and a later a burial of ashes. There were no weddings in 2023. Fr Andrew attended the funeral of Rosy Chetwynd-Appleton in January 2023 in Leicester, the daughter of Jane Chetwynd-Appleton, our Churchwarden and the funeral of Heather Edwards, the sister of Seana Edwards in Eastbourne in February 2023.
After 8 years in the role, Fr Andrew relinquished his role as Rural Dean of Brighton on 31 January 2023.
_Review of the year_
1. As well as in person, Sunday worship was live-streamed every Sunday. Public worship at the smaller weekday services has continued. We were able to conduct our normal complement of Christmas services in public with the Mayor for Brighton and Hove, Cllr. Jackie O’Quinn. The MP for Kemp Town, Lloyd Russell- Moyle sent apologies this year as he was away on the COP 28 conference.
2. The full PCC met six times during the year, in January, February, May, July, September and December. Each meeting was quorate. Minutes of the deliberations were received by the full PCC and discussed where necessary. The Standing Committee has been reintroduced and comprises of the Incumbent, the two Churchwardens, the Treasurer and the Safeguarding Officer. Full minutes are taken of all meetings
Our Parent and Toddler group, “Kemp Town Koalas” continued to meet throughout the year run by Kaye Inglis, Steve Watters, Shari-Ann Bolton and myself. Our Drop in Community café continued on a
_Page 3_
Wednesday afternoon throughout the year. We are grateful for the support of the Brighton College Students and for the provision of sandwiches on a weekly basis from Brighton College.
3. Breadwinners continue to use the outside of the East porch every Saturday between 10am and 4pm employing refugees and asylum seekers. We do not currently charge a pitch fee.
4. Ecclesiastical Insurance came for a survey visit in February 2023. Only three areas were identified as requiring attention, namely provision of a key register, health and safety policy and a lifting of equipment policy, which have all been acted upon We were grateful for their advice.
5. Kaye Inglis took on the provision of our Lent lunch in February honouring the past contributions of Sheila Stacey in this regard.
6. Fr Andrew continued to lead the weekly choir practices supported by Nick Andrews who kindly led the practice on the fourth Tuesday of the month.
7. Margaret Green continued to lead our Pastoral Care Team which met every other month either on zoom or face to face to pray for the needs of the parish and especially those who are vulnerable or housebound.
8. We were delighted to celebrate with Gladys Masvosva on 29 April as she was commissioned as our first Authorised Lay Minister – ALM.
9. On 8 May we hosted a wonderful Coronation Organ recital with contributions from Jon Leigh, John March, Michael Kirsch and Shari-Ann Bolton.
10. On 25th May Revd Sarah and I hosted an event with a large contingent of Beaver Scouts who visited the building and had a special tour to see our various treasures and historical artifacts.
11. Margaret Green and Jane Appleton arranged a lovely trip to Berwick Church on 16 September to view Bloomsbury group murals by Duncan Grant, Vanessa Bell and Quentin Bell. A good time was had by eleven of us including a pub lunch.
12. Revd Sarah Van den driessche completed her training with St Mary’s in 2023 but sadly suffered a seizure in October 2023 and is in sabbatical until April 2024. We are grateful for all Sarah has contributed to the life of St Mary’s and wish her a speedy recovery.
13. Our Christmas services were well attended, including a fabulous Crib service led by Rev’d Jenny, who has Permission to Officiate at St Mary’s, with around 45 attending. Our Christmas Day drop in lunch served over 80 people including families with small children. Our Christmas appeal raised £7,643.50 – an amazing result and the best on record.
14. Kaye Inglis and Margaret Green lead our ECO group which has had a significant impact on the consumables we use, recycling of wax, cartridges and batteries together with the use of compostable cups and collection thereof by Recorra. We have abandoned any use of single use plastic. Our Bronze award with Arocha is in sight.
15. Grants from Stewardship, The National Lottery Community Fund, The Diocese of Chichester, The John Booth Charitable Trust, The Letitia, Tarner, Tilbury Trust, The St Anne’s Trust, BHCC, the Community Trust of the BVM and the Listed Places of Worship Grant Scheme (LPWGS), are gratefully acknowledged in 2023 and noted respectively below under section 9 on page 15.
_Page 4_
## **Financial Review**
1. Total receipts (general unrestricted and restricted funds) were £125,375. Total outgoings were £123,715, a surplus of income over expenditure of £1,660.
Income £125,375 Expenditure £123,715 **Surplus £1,660**
2. £36,000 was paid in the year to the Diocese as our pledge towards the Parish Ministry Contribution (PMC). This pays towards a 0.67 stipend for the incumbent, housing for the clergy, a contribution to clergy pensions, and a standard sum for diocesan central costs, diocesan clergy training and a contribution to the national church funds.
3. We maintain a balance of designated funds via our CCLA deposit account which stood at £26,275 at the end of 2023 made up of the St Mary’s Hall Assn, music grant, £1,175, Sheila Stacey fund for Pentatych repair, £2,000. Balance of Diocesan energy grant £10,800, Diocesan grant re Koalas £1,000, Solicitors fees provision for West Side £3,000, Christmas 2023 balance £3,300, National Lottery Community Fund balance held for expenditure in January 2024, £5,000.
4. The restricted funds as per two of our investment funds totaling £34,350 are detailed in our accounts and have the Diocese as Custodian Trustee. The Friends account is designated for fundraising purposes. The Friends account balance of £198 is held on a separate Barclays deposit account.
## **Reserves policy**
It is PCC policy to maintain a balance of £50,000 in unrestricted funds for emergency building repair, and additionally a balance of four months’ general expenditure in unrestricted funds.
It is PCC policy to invest funds with the CBF Church of England Deposit Fund. The fund balance at 1 January 2023 was 26,079.14, and at 31 December 2023, £26,275.00.
Total cash available as at 31 December 2023: £147,441.
Approved and signed on their behalf by
**==> picture [195 x 59] intentionally omitted <==**
Reverend Andrew J Woodward Chair of Trustees.
22nd February 2024
_Page 5_
Parochial Church Council of the Ecclesiastical Parish of Kemp Town: Saint Mary Year ended 31 December 2023
## **Independent Examiner’s Report to the Parochial Church Council,**
**St Mary’s Church Kemp Town, Brighton**
I report to the Trustees on my examination of the accounts of the Parochial Church Council (PCC) of St Mary’s Church Kemp Town, Brighton.
## **Responsibilities and Basis of the Report**
As the charity trustees of the Parochial Church Council, you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 (“the Act”).
I report in respect of my examination of the PCC’s accounts carried out under section 145 of the 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 examiner’s statement**
I have completed my examination. I confirm that no material matters have come to my attention in connection with the examination giving me cause to believe that in any material respect:
1. accounting records were not kept in respect of the PCC as required by section 130 of the Act, or,
2. the accounts do not comply with those records; or
3. the accounts do not comply with the applicable requirements concerning the form and contents of accounts set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the accounts give a “true and fair view” which is not a matter considered as part of an independent examination.
I have no concerns 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 to be reached.
Signed
**==> picture [232 x 47] intentionally omitted <==**
Name: Mr. Martin Bartholomew
## **Relevant professional qualification: Company Director**
## **Address: 21 Mariners Quay, Littlehampton, West Sussex, BN17 5DA**
Date: 26 February 2024
_Page 6_
## **Statement of Financial Activities**
||**Unrestric**ted
Designated
Restricted
Total Prior year
50,882
2,000
-
52,882
44,460
47,995
-
-
47,995
56,381
3,546
-
-
3,546
3,208
20.952
-
20,952
98,193
**123,375**
**2,000**
**-**
**125,375**
**202,242**
6,324
-
6,324
6,892
78,410
-
-
78,410
81,421
38,981
-
-
38,981
90,012
**123,715**
**-**
**-**
**123,715**
**178,325**
**-340**
**2,000**
**-**
**1,660**
**23,917**
-
-
-
-
-
-
-
7,337
(15,751)
**-**
**7,337**
**(15,751)**
**-**
**198,450**
**190,284**
**-**
**207,447**
**198,450**
6.972
-
6,972
23,512
6,300
6,300
**-**
-
18,000
18,000
-
79,646
_-_
79,646
74,782
34,350
34,350
31,877
42,006
-
42,006
41,800
5,000
5,000
1,000
1,000
-
-
-
1,500
2,000
2,000
-
198
198
400
-
-
-
600
-
-
-
1,104
1,175
-
1,175
1,175
-
10,800
-
10,800
21,700
**6,972**
**166,125**
**34,350**
**207,447**
**198,450**|
|---|---|
|**Income and endowments from:**
Donations and legacies
Income from charitable activities
Investments
Other income
**Total income**
**Expenditure on:**
Raising funds
Expenditure on charitable activities
Other expenditure
**Total expenditure**
**Net income / (expenditure) resources before transfer**
**Transfers**
Gross transfers between funds - in
Gross transfers between funds - out
**Other recognised gains / losses**
Gains / losses on investment assets
**Net movement in funds**
**Total funds brought forward**
**Total funds carried forward**
**Represented by**
**Unrestricted**
General fund
**Designated**
West side fund 3,000
Christmas fund 3,300
Piano (transferred from General fund)
St Mary’s Investment assets
Diocese as Custodian Trustee
Other tangible assets
National Lottery Fund
Koalas grant - Diocese
POCA Proceeds of Crime CCTV
Pentatych repair
Friends Fund
LTT Fund
South Aisle windows
St Mary’s Hall - Music fund
Diocesan Energy Grant||
_Page 7_
## **Balance sheet**
|**Class and code Description**
**Fixed assets**
6000
CBF deposit fund 610369002D
6010
CBF Investment Fund Income 610369001S
6020
CBF Fixed interest 610369001F
6030
CBF Investment General Religious 110001101S
6040
CBF Fixed Interest Sunday School 110001259F
**Sub Total Funds**
7000
Church Hall - at cost freehold property
7010
Church Hall Flat - renovations at cost
7020
Equipment - at cost
7030
Piano
**Total Fixed assets**
**Current assets**
5000
Barclays Church a/c 2734
5010
Barclays Friends a/c 3047
5020
TDS Custodial
Z05
Accounts Receivable
**Total Current assets**
**Liabilities**
6998
Diocesan loan
6699
Agency collections and accounts payable
Z04
Barclaycard
**Total Liabilities**
**Net Asset surplus(deficit)**
**Reserves**
Excess / (deficit) to date
Z01
Starting balances
Z02
Gains/(losses) on investment assets
**Total Reserves**
**Represented by funds**
Unrestricted
Designated
Restricted
Endowment
**Total**|**Class and code Description**
**Fixed assets**
6000
CBF deposit fund 610369002D
6010
CBF Investment Fund Income 610369001S
6020
CBF Fixed interest 610369001F
6030
CBF Investment General Religious 110001101S
6040
CBF Fixed Interest Sunday School 110001259F
**Sub Total Funds**
7000
Church Hall - at cost freehold property
7010
Church Hall Flat - renovations at cost
7020
Equipment - at cost
7030
Piano
**Total Fixed assets**
**Current assets**
5000
Barclays Church a/c 2734
5010
Barclays Friends a/c 3047
5020
TDS Custodial
Z05
Accounts Receivable
**Total Current assets**
**Liabilities**
6998
Diocesan loan
6699
Agency collections and accounts payable
Z04
Barclaycard
**Total Liabilities**
**Net Asset surplus(deficit)**
**Reserves**
Excess / (deficit) to date
Z01
Starting balances
Z02
Gains/(losses) on investment assets
**Total Reserves**
**Represented by funds**
Unrestricted
Designated
Restricted
Endowment
**Total**|**Thisyear Prioryear**
26,275
26,079
19,748
18,049
59,898
56,733
19,847
18,141
14,503
13,736
**140,271**
**132,738**
12,725
12,725
26,122
26,122
3,159
3,159
18,000
18,000
**200,277**
**192,744**
10,288
6.362
198
400
-
-
745
-
**11,231**
**6.762**
-
-
197
(660)
3,864
1,716
**4,061**
**1,056**
**207,447**
**198,450**
1,660
23,917
198,450
190,284
7,337
(15,751)
**207,447**
**198,450**
6,972
23,512
166,125
143,061
34,350
31,877
-
-
**207,447**
**198,450**|
|---|---|---|
||**Fixed assets**
6000
CBF deposit fund 610369002D
6010
CBF Investment Fund Income 610369001S
6020
CBF Fixed interest 610369001F
6030
CBF Investment General Religious 110001101S
6040
CBF Fixed Interest Sunday School 110001259F
**Sub Total Funds**
7000
Church Hall - at cost freehold property
7010
Church Hall Flat - renovations at cost
7020
Equipment - at cost
7030
Piano
**Total Fixed assets**
**Current assets**
5000
Barclays Church a/c 2734
5010
Barclays Friends a/c 3047
5020
TDS Custodial
Z05
Accounts Receivable
**Total Current assets**
**Liabilities**
6998
Diocesan loan
6699
Agency collections and accounts payable
Z04
Barclaycard
**Total Liabilities**
**Net Asset surplus(deficit)**
**Reserves**
Excess / (deficit) to date
Z01
Starting balances
Z02
Gains/(losses) on investment assets
**Total Reserves**
**Represented by funds**
Unrestricted
Designated
Restricted
Endowment
**Total**||
_Page 8_
## **Statement of assets and liabilities**
||**General Designated Restricted Endowment Thisyear Lastyear**|
|---|---|
|**Fixed assets - Heritage assets**
Church Hall - at cost freehold property -
Church Hall Flat - renovations at cost -
Equipment - at cost -
**Totals**
**Fixed assets - Investments**
CBF deposit fund 610369002D -
CBF Investment Fund Income
610369001S -
CBF Fixed interest 610369001F -
CBF Investment General Religious
110001101S -
CBF Fixed Interest Sunday School
110001259F -
**Totals**
**Fixed assets - Tangible assets**
Piano -
**Totals**
**Current assets - Cash at bank and in hand**
Barclays Church a/c 2734 -
Barclays Friends a/c 3047 -
TDS Custodial -
**Totals**
**Current assets - Debtors**
Accounts Receivable - LPWGS
**Totals**
**Liabilities - Agency accounts**
Agency collections -
**Totals**
**Liabilities - Creditors: Amounts falling**
**due in one year**
Barclaycard
Accounts Payable
**Totals**
**Grand total**|-
12,725
-
-
12,725
12,725
-
26,122
-
-
26,122
26,122
-
3,159
-
-
3,159
3,159|
||**-**
**42,006**
**-**
**-**
**42,006**
**42,006**
-
26,275
-
26,275
26,079
-
19,748
-
-
19,748
18,049
-
59,898
-
-
59,898
56,733
-
19,847
-
19,847
18,141
-
14,503
-
14,503
13,736
-
-
-
-
-
-
-
-
-
-
-|
||**-**
**147,927**
**34.350**
**-**
**182,277**
**174,745**
-
18,000
-
-
18,000
18,000|
||**-**
**18,000**
**-**
**-**
**18,000**
**18,000**
10,288
-
-
10,288
6,362
198
-
198
400
-
-
-
-
-|
||**10,288**
**198**
**-**
**10,486**
**6,762**
745
-
-
745|
||**745**
-
-
**745**
-
-
-
(173)|
||-
-
-
**-**
**(173)**
1,716
3,864
-
,
-
3,864
197
-
-
-
197
(487)|
||**4,061**
**-**
**4,061**
**(1,056)**|
||**6,972**
**166,125**
**34,350**
**-**
**207,447**
**198,450**|
_Page 9_
## **Fund movement by type**
||**Opening**
**IncomingOutgoing Transfers Gains/losses**
**Closing**|
|---|---|
|**Invest**
**Investment Assets**
Restricted
**Sub-total for inv res**
**Invest**
**Investment Assets**
Designated
**Sub-total for inv des**
**Proceeds of Crime CCTV**
Designated
**Sub-total for CCTV**
**Friends - Friends Fund**
Designated
**Sub-total for Friends**
**LTT - LTT Fund**
Designated
**Sub-total for LTT**
**South Aisle windows**
Designated
**Sub-total for Windows**
**Music Fund**
Designated
**Sub-total for Music**
**Diocesan Energy Grant**
Designated
**Sub-total for Energy grant**
**Tangible - Tangible assets**
Designated and piano
**Sub-total for Tangible**
**General - General fund**
Unrestricted
**Sub-total for General**
**Pentatych £2,000**
**West Side Fund £3,000**
**Christmas Fund £3,300**
**Koalas £1,000**
**Nat Lottery net £5,000**
**Grand total**|31,877
-
2,473
34,350|
||**31.877**
**-**
**-**
**-**
74,782
-
-
-
4,864
79,646
-
-
-
-|
||**74.782**
**-**
**-**
**7,337**
**79,646**
**1,500**
1,500
NIL
-
-
-
-
-
-|
||**1,500**
**-**
**-**
400
202
-
-
198|
||**400**
**202**
**-**
**-**
**198**
600
800
1,400
-
-
Nil|
||**600**
**800**
**1,400**
**-**
**- Nil**
1,104
1,104
Nil
-
-
-
-|
||**1,104**
**1,104**
**-**
**-**
**Nil**
1,175
-
-
-
1,175|
||**1,175**
**-**
**-**
**-**
**1,175**
21,700
10,900
-
-
10,800|
||**21,700**
**10,900**
**-**
**-**
**10,800**
41,800
18,206
-
60,006|
||**41,800**
**-**
**18,206**
**-**
**60,006**
23,512
125,375
123,715
(18,206)
6,972|
||**23,512**
**125,375**
**123,715**
**-**
**-**|
||Nil
**14,300**
**14,300**|
||**198,450**
**140,475**
**138,821**
**0**
**7,337**
**207,447**|
_Page 10_
## **Analysis of income and expenditure**
||**Unrestricted**|**Designated**|**Restricted**|**Insurance**|**This year**|**Last year**|
|---|---|---|---|---|---|---|
|**INCOME AND ENDOWMENTS**|||||||
|**Donations and legacies**|||||||
|0100 - Giving: gift aided|22,178|-|-|-|22,178|23,395|
|0110 - Giving: Cash from services|3,298|-|-|-|3,298|4,693|
|0120 - Giving: non-gift aided|10,000|2,000||-|12,000|2,786|
|0200 - Other donations - Donations /candle|6,021|-|-|-|6,021|5,297|
|0210 - All other donations|823|-|-|-|823||
|0220 - All other donations - Refreshments|253||-|-|253|131|
|0240 - All other donations - Flowers|-|-|-|-|-|-|
|||-|-|-||-|
||-||||||
|0270 - All other donations – Just Giving|1,844|-|-|-|1,844|821|
|receipts|||||||
|0320 - Gift aid recovered|6,455||-|-|6,455|7,327|
|0340 - Legacies received|-|-|-|-|-||
|0520 - Friends donations|10|-|-|-|10|10|
|**Total**|**50,882**|**2,000**|**-**|**-**|**52,882**|**44,460**|
|**Income from charitable activities**|||||||
|0230 - Loyalty Bank payments|52|-|-|-|52|58|
|0510 - Proceeds from Fund raising - Events|5,272|-|-|-|5,272|8,003|
|0700 - Church lets|14,131||-|-|14,131|14,400|
|0710 - Church Hall lets: St Anne's Trust|Nil||-|-|Nil|7.755|
|0720 - Church Hall lets: Ad hoc|5,571|-|-|-|5,571|1,656|
|0730 - Church Hall lets: Flat|3,000||-|-|3,000|3,400|
|0740 - Church Hall|18,718||-|-|18,718|19,962|
|0741 - Church Hall - Koalas|514||-|-|514|217|
|0800 - PCC Gross fees|737|-|-|-|737|930|
|**Total**|**47,995**||**-**|**-**|**47,995**
|**56,381**|
|**Investments**|||||||
|0600 - Investment income|3,546|-|-|-|3,546|3,208|
|**Total**|**3,546**|**-**|**-**|**-**|**3,546**|**3,208**|
|**Other income**|||||||
|0330 - VAT recovered via LPWGS|599|-|-|-|599|10,831|
|0400 - Stewardship grant|2,000||-|-|2,000||
|0405 - HLF|-|-|-|-|-|41,257|
|0410 - Grant income – Letitia, Tilbury|800|||-|800|600|
|0420 - Grant income Sussex Historic Churches|-|-|-|-|-|2,500|
|Trust|||||||
|0430 - Other Grant Income|2,668|||-|2,668|5,427|
|0001 - Diocesan Energy Cost Grant|1,838|-|-|-|1,838|21,700|
|0000 - St Anne’s Trust|1,250|-|-|-|1,250|-|
|0950 - National Lottery Community Fund|10,000|-|-|-|10,000|-|
|0951 - Other Income - Big Issue|1.797|-|-|-|1,797|4,148|
|**Total**|**20,952**||||**20,952**|**98,193**|
|**INCOME TOTAL**|**123,375**|**2,000**|||**125,375**|**202,242**|
_Page 11_
||**Unrestricted**|**Designated**|**Restricted**|**Endowment**|**This year**|**Last year**|
|---|---|---|---|---|---|---|
|**EXPENDITURE**|||||||
|**Raising funds**|||||||
|2200 - Fees – Recitals/events|6,000|-||-|6,000|6,590|
|2215 - Church Licensing|324|-|-|-|324|302|
|2216 - HLF Phase II expenses|-|-|-|-|-|-|
|Total|**6,324**|**-**||**-**|**6,324**|**6,892**|
|**Expenditure on charitable activities**|||||||
|2000 - Parish Ministry Contribution|36,000|-|-|-|36,000|30,000|
|2099 - Venue Administrator expenses|1,583|-|-|-|1,553|1,851|
|2101 - Activities Manager salary inc PAYE|-|-|-|-|-|3,954|
|2110 - Tax – HMRC included in 2101|-|-|-|-|-|-|
|2220 - Fees - Deputizing clergy|74|-|-|-|74|470|
|2230 - Fees - Deputizing organists|2,775|-|-|-|2,775|2,720|
|2300 - Bank and card charges|559|-|-|-|559|565|
|2630 - Church - maintenance|10,370|-|-|-|10,370|18,827|
|2660 - Church - Music (Organ and piano|756|-|-|-|756|2,046|
|upkeep)|||||||
|2700 - Admin Professional development|2,664|-|-|-|2.664|1,226|
|2800 - Utilities Church Electricity|3,637|-|-|-|3.637|3,082|
|2810 - Utilities - Church Gas - Main|11,771|-|-|-|11,771|7,210|
|2820 - Utilities Church Gas - Vestry|1,106|-|-|-|1,106|811|
|2830 - Utilities - Church Water|190|-|-|-|190|170|
|2840 - Utilities - Church Hall Electricity|1,707|-|-|-|1.707|3,335|
|2850 - Utilities - Church Hall Gas|1,896|-|-|-|1.896|2,610|
|2860 - Utilities - Church Hall Water|809|-|-|-|809|1,140|
|2900 - Church Hall - Cleaning|961|-|-|-|961|396|
|2910 - Church Hall - Consumables|478|-|-|-|478|1,008|
|2960 – Church hall cleaner|1,076|-|-|-|1,076|-|
|Total|**78,410**|**-**||**-**|**78,410**|**81,421**|
|**Other expenditure**|||||||
|2210 - Fees - Diocese|157|-|-|-|157|445|
|2410 - Vicarage council tax|2,690|-|-|-|2,690|2,568|
|2420 - Vicarage water rates|596|-|-|-|596|642|
|2450 - Telecoms - Church|1,228|-|-|-|1,228|1,137|
|2460 – VAT recoverable|754|-|-|-|754|-|
|2470 - Telecoms Vicarage|760|-|-|-|760|856|
|2600 - Church - Liturgical supplies|542|-|-|-|542|1,091|
|2610 - Church - Charitable giving|2,741|-|-|-|2,741|1,571|
|2620 - Church - Consumables|3,494|-|-|-|3,494|1,863|
|2625 - Church - Equipment|2,216|-|-|-|2,216|874|
|2635 - Church - Insurance|6,913|-|-|-|6,913|6.284|
|2640 - Church - Major repairs/ Tower room||-|-|-|-|600|
|2640 - Church - Major Repairs 2022 incl. VAT||-|-|-|-|59,611|
|£9,944|||||||
|2710 – Phase II retention – Stone Edge||-|-|-|-||
|2920 - Church Hall - Maintenance|12,778|-|-|-|12,778|6,559|
|2930 - Church Hall Insurance|1.473|-|-|-|1,473|1,356|
|2940 – Church hall - Major Repairs|286|-|-|-|286|2,323|
|2950 - Other Expenditure|2,353|-|-|-|2,353|2,232|
|Total|**38,981**|**-**|**-**|**-**|**38,981**|**90,012**|
|**EXPENDITURE TOTAL**|**123,715**|**-**||**-**|**123,715**|**178,325**|
||||||||
|**Surplus/Deficit**|**1,660**|||**-**|**1,660**|**23,917**|
_Page 12_
## **Notes to the Financial Statements**
## 1. **ACCOUNTING POLICIES**
## **(a) Basis of Accounting**
The annual accounts have been prepared under the historical cost convention and accruals basis. They are compiled using the _Zero_ accounts package.
## **(b) Fixed assets**
All fixed assets are initially recorded at cost.
## **(c) Investments**
Investments are recorded at market value.
## **2. TANGIBLE FIXED ASSETS**
||**2023**|**2022**|
|---|---|---|
|Church|-|-|
|Church Hall – at cost freehold property|12,725|12,725|
|Church Hall Flat – renovations at cost|26,122|26,122|
|Equipment – at cost|3,159|3,159|
|Piano|18,000|18,000|
||---------------|---------------|
||**60,006**|**60,006**|
||---------------|------------|
## **3. INVESTMENTS**
The investments are held by the Central Board of Finance on behalf of St Mary’s Church, Kemp Town, Brighton.
Income from investments, at £3,546 was slightly higher than last year, £3,208, due to an increase in interest rates. The capital value of the investment funds increased overall by £7,337 in the year.
## **4. INVESTMENT ASSETS**
CBF deposit fund 610369002D account is an interest-bearing account used to park funds until they need to be applied, at which point they are transferred into the main bank account. The fund stood at £26,079 at 31 December 2022. The total for the other investment fixed assets is as follows:
||**Unrestricted**|**Restricted**|**Endowment**|**Total funds**|**Prior year**|
|---|---|---|---|---|---|
||**funds**|**funds - Cust.**|**funds**||**total funds**|
|||**Trustee**||||
|**Investment**|£79,646|£34,350|-|£113.996|£106,659|
|**Assets**||||||
_Page 13_
## **5. AMOUNTS FALLING DUE WITHIN ONE YEAR**
**Creditors due within one year are broken down as follows:**
|Diocesan Loan
General fund (Unrestricted)|**2023**
**2022**
-
-
4,061
1,056|
|---|---|
||**4,061**
**1,056**|
## **6. LEGACY**
No legacies were received in the year.
## **7. GIFT AID AND LISTED PLACES OF WORSHIP GRANT SCHEME**
The sum of £6,454.74 was recovered in this calendar year from Gift Aid which includes the Gift Aid Small Donation Scheme GASDS, made up of donations via the contactless device “Good Box”, donations and candle box. We are now reclaiming gift aid at regular three monthly intervals.
## **8. INSURANCE**
Until 31 December 2017, the cost of insuring the church building was included in the Parish Ministry Contribution. This changed on 1 January 2018 and the insurance is now paid directly to our insurer, Ecclesiastical, in monthly installments, for an annual total of £6,912.91.
The church hall has always been insured separately with the same insurer. The amount paid in 2023 was £1,472.83.
## **9** . **OTHER GRANT INCOME**
|Diocese of Chichester-Energy grant|£1,837.50|
|---|---|
|LPWGS|£599.26|
|John Booth Charitable Trust|£1,000.00|
|Letitia Tilbury Tarner|£800.00|
|Stewardship fund|£2,000.00|
|St Anne’s Trust|£1,250.00|
|BHCC Warm welcome|£350.00|
|Amazon Smile|£18.41|
|Community Trust of the BVM|£300.00|
|Diocesan Grant re Koalas|£1,000.00|
|National Lottery Community Fund|£10,000.00|
|**TOTAL**|**£19,154.91**|
|Big Issue contribution|**£1,796.50**|
|**GRAND TOTAL**|**£20,951.41**|
In addition, in 2023, the parish benefitted from credits against our energy use from Total Gas and Power to the value of **£8,925** . (Gas Church £2,625, Gas sacristy £525, Gas hall £525, Electricity Church £2,625, Electricity hall £2,625). Refunds are reflected in the payments figures and will offset further bills in 2024.
There were no Local Authority or Government grants paid in 2023. No payments were made to Trustees in the year other than reimbursement of legitimate expenses.
_Page 14_