Wickham Bishops & Little Braxted PCC Registered Charity 1159874
End of Year Financial Statements
Year ending 31st December 2023
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WICKHAM BISHOPS AND LITTLE BRAXTED PAROCHIAL CHURCH COUNCIL INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES I report to the trustees on my examination of the accounts of the above charity ( Ihe Trusv) for th8 year 8nded 3111212022 which are set out on pages 4 10 9. Responsibilities and basis of report As the charity trustees of the Trust, you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 I'the AcV>. I report in respect of my examination ofthe Trust's accounts carried out under section 145 of the 2011 Act and in carrying out my examination, I have followed the applicable Directions given by the Charity Commission under section 145(5)(bl of the Act. Independent examiner's statement I have completed my examination. l Gonfirm that no material matters have come to my attention in connection with the examination which gives mè cause to believe that in, any material respect.. accounting records were not kept in accordance with sertion 130 of the Act or the accounts do not accord with the accoLJnting records or the accounts do not comply with the applicable requirements concerning Ihe fomi and content 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. ve no concems and have comè across no other matters in connection with xamination to which attention should be drawn in order to enable a r understanding ofthe accounts to be reached. th John Barnes Independent Examiner Handel House Roselawn Fields Broomfield Chelmsford CM17GB Page 2
Treasurer’s Report
For the first time in 10 years as Treasurer I am having to report that in 2023 our General Fund expenditure exceeded income. We suffered a deficit of some £9,425.
This is primarily due to the increase in energy costs which have gone up £3,730 and the increase in Parish Share which went up by £4,410.
Furthermore, our Unrestricted funds total income fell by £2,434. Both Planned Giving and other giving have fallen slightly. This is despite most of our planned giving being through the Parish Giving Scheme and the majority being inflation linked. Thank you to everybody using the scheme.
At the beginning of the year the PCC agreed to reduce our Parish Share payments by the amount of the increase in the cost of the electricity. However, as we are now approaching an interregnum it was agreed that we should pay the Parish Share in full in the hope that this would put us in a stronger position when seeking a new incumbent to be resident in the parish. December 2023 saw the Christmas Fayre, the uniformed organisations decorating the Christmas Tree, Christingle, Crib Service, Nine Lessons and Carols in addition to the usual services all being held in Church. As a consequence, the December Electricity bill was some £1,500. We have now switched to a slightly cheaper tariff.
The Fabric funds for both churches are currently in a satisfactory position. However, the redecoration of St. Bartholomew’s will be commencing on 4th March. Furthermore, we are incurring costs of remedial work required following the 5 yearly electrical inspection report, an upgrade to the Lightening protection and a new sewerage pump. These costs will deplete the St Bartholomew’s Church Restoration Fund significantly. That said we are fortunate that we can afford to have all these works undertaken and maintain the fabric and security of our church building.
Much of this is due to the success of another Gardens Festival last June and the concerts in September, the proceeds of which are included in the Gardens Festival income. So, a very big thank you to Stewart Adkins and his committee for the Gardens Festival and also to Paul Strong and his colleagues for the concerts.
The fund-raising committee continue to do sterling work and their contribution is greatly valued.
I would like to thank John Baker for his continuing work as Gift Aid Secretary and his most efficient processing of these claims every month,
The Guardians committee supported the Gardens Festival by running the catering at the Village Hall and also arranged a most interesting fund raising talk on the Stained Glass windows of Essex churches.
So, as we enter an Interregnum, we are going to have to be very careful with our expenditure which we must do all we can to keep to essentials.
Graham Spearman 30/01/2024
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Statement of Financial Activities
| Unrestricted Restricted Endowment Total Prior year funds funds funds funds total funds |
|
|---|---|
| Receipts Planned giving Collections and other giving Other voluntary receipts Gift Aid recovered Other receipts Youth Club Activities for generating funds Investment Income Receipts from church activities Total income Payments Cost of generating funds Missionary and Charitable Giving Parish Share Clergy and Staffing costs Church Running Expenses Youth Club Hall Running Costs Church Repairs & Maintenance Hall Repairs & Maintenance Governance Costs Total expenditure Gains / losses on investment assets Net income / (expenditure) resources before transfer Transfers Gross transfers between funds - in Gross transfers between funds - out Other recognised gains / losses Gains on revaluation, fixed assets, charity's own use Net movement in funds Total funds brought forward Total funds carried forward Represented by Unrestricted General fund: CAF: £ 11,846.96 Barclays: £ 1,467.62 CCLA: £ 37,285.40 Petty Cash: £ 95.35 Restricted General Fund re Bowls Club Guardians Restricted Funds Little Braxted Fabric Fund CB3022306 Ukrainian Refugees Restricted Fund Wickham Bishops Church Restoration CB3022305 |
36,815.55 — — 36,815.55 37,573.42 3,040.95 — — 3,040.95 4,003.57 5,116.77 2,293.25 — 7,410.02 39,447.32 9,715.19 — — 9,715.19 10,036.92 2,838.93 863.86 — 3,702.79 3,639.30 141.68 — — 141.68 — 18,130.71 16,079.28 — 34,209.99 21,867.17 1,207.40 1,877.67 — 3,085.07 1,210.70 5,421.61 — — 5,421.61 6,450.55 |
| 82,428.79 21,114.06 — 103,542.85 124,228.95 75.20 2,297.72 — 2,372.92 510.11 1,175.46 2,963.94 — 4,139.40 2,667.90 51,049.00 — — 51,049.00 46,638.96 5,726.77 — — 5,726.77 4,976.15 30,247.52 241.80 — 30,489.32 27,486.83 — — — — — 2,109.60 — — 2,109.60 1,373.94 396.95 2,280.00 — 2,676.95 10,472.00 — — — — — 120.00 — — 120.00 110.00 |
|
| 90,900.50 7,783.46 — 98,683.96 94,235.89 — — — — — |
|
| (8,471.71) 13,330.60 — 4,858.89 29,993.06 1,735.99 2,688.78 — 4,424.77 63,043.67 (2,688.78) (1,735.99) — (4,424.77) (63,043.67) — — — — — |
|
| (9,424.50) 14,283.39 — 4,858.89 29,993.06 |
|
| 60,119.83 76,218.36 — 136,338.19 106,345.13 |
|
| 50,695.33 90,501.75 — 141,197.08 136,338.19 50,695.33 50,695.33 60,119.83 — 843.14 — 843.14 — — 27,952.20 — 27,952.20 13,290.39 — 17,653.46 — 17,653.46 17,275.79 — 1,428.42 — 1,428.42 4,351.30 — 42,624.53 — 42,624.53 41,300.88 |
Note: Interest on the CCLA Accounts for December was not credited until January.
Deposit Account: £500.03 Church Restoration Fund: £571.63 Little Braxted Fabric Fund: £239.43
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Balance sheet
| Total funds Prior year funds |
|
|---|---|
| Current assets Cash at bank and in hand Net current assets less current liabilities Total assets less current liabilities Total net assets less liabilities Represented by Unrestricted General fund Restricted General Fund re Bowls Club Guardians Restricted Funds Ukrainian Refugees Restricted Fund Wickham Bishops Church Restoration CB3022305 Little Braxted Fabric Fund CB3022306 Funds of the church |
141,197.08 136,338.19 |
| 141,197.08 136,338.19 |
|
| 141,197.08 136,338.19 |
|
| 141,197.08 136,338.19 |
|
| 141,197.08 136,338.19 50,695.33 60,119.83 843.14 — 27,952.20 13,290.39 1,428.42 4,351.30 42,624.53 41,300.88 17,653.46 17,275.79 |
|
| 141,197.08 136,338.19 |
Analysis of income and expenditure
| Total | ||||||
|---|---|---|---|---|---|---|
| Unrestricted | Designated | Restricted | Endowment | This year | Last year | |
| INCOME AND ENDOWMENTS | ||||||
| Planned giving | ||||||
| 0110 - Envelopes | 875.00 | — | — | — | 875.00 | 1,210.00 |
| 0201 - planned giving | 35,940.55 | — | — | — | 35,940.55 | 36,363.42 |
| Total | 36,815.55 | — | — | — | 36,815.55 | 37,573.42 |
| Collections and other giving | ||||||
| 0301 - collections | 2,872.95 | — | — | — | 2,872.95 | 3,863.57 |
| 0501 - Gift Aid Envelopes | 168.00 | — | — | — | 168.00 | 140.00 |
| Total | 3,040.95 | — | — | — | 3,040.95 | 4,003.57 |
| Other voluntary receipts | ||||||
| 0302 - Charity Collections | 1,081.51 | — | — | — | 1,081.51 | 783.89 |
| 0550 - Other Giving | 476.73 | — | — | — | 476.73 | 700.00 |
| 0551 - Donations | 3,510.78 | — | — | — | 3,510.78 | 1,272.24 |
| 0552 - Gemma Fraser | — | — | — | — | — | — |
| 0553 - Flower Fund | 20.00 | — | — | — | 20.00 | 130.00 |
| 0554 - Music Fund | 27.75 | — | — | — | 27.75 | 31.87 |
| 0701 - Legacies/Grants | — | — | 1,000.00 | — | 1,000.00 | 22,000.00 |
| 0801 - Recurring grants | — | — | — | — | — | — |
| 08A1 - Non-recurring one-off grants | — | — | — | — | — | — |
| 0915 - Roof Repair Appeal | — | — | — | — | — | — |
| 1001 - Guardians | — | — | 1,272.91 | — | 1,272.91 | 8,353.23 |
| 1200 - Alpha Donations | — | — | — | — | — | — |
| 1338 - Ukranian Refugee Donations | — | — | 20.34 | — | 20.34 | 6,176.09 |
| Total | 5,116.77 | — | 2,293.25 | — | 7,410.02 | 39,447.32 |
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| Gift Aid recovered 0601 - Tax recoverable on Gift Aid 0602 - Tax Refund - Church Restoration Fund WB 0603 - Tax refund - LB Fabric 0604 - Tax Relief Guardians Total Other receipts 0555 - Resources from Diocese 0901 - Other funds generated 0908 - Braxted Gazebo Hire 1024 - Interest Ukranian Refugee Fund 1310 - Insurance claims 1320 - Surplus - sales of fixed assets 1336 - Bowls Club 1401 - Little Braxted General Transfer 1500 - In/Out Total Other receipts - Youth Club 0556 - Youth Club Income Total Activities for generating funds 0909 - Fund Raising - Open Gardens 0910 - Fund Raising 0911 - Braxted Fete Income 0912 - Fund Raising - Golf Day 0913 - Fund Raising - May Ball 0914 - Trading Income 1000 - Friends of Little Braxted 1100 - Fees to Diocese 1240 - Church hall lettings 1250 - Magazine income - advertising 1400 - Little Braxted Fabric Total Investment Income 1020 - Interest - General Fund 1021 - Interest WB Church Restoration Fund 1022 - Interest LB Fabric Fund 1023 - Interest/Dividends Total Receipts from church activities 1101 - Parochial Fees for weddings and funerals 1102 - Gravespoil 1103 - Memorial Book Income 1210 - Greeting Cards sales 1241 - Tea/Coffee 1337 - Drop In Donations Total |
9,715.19 — — — 9,715.19 10,036.92 — — — — — — — — — — — — — — — — — — |
|---|---|
| 9,715.19 — — — 9,715.19 10,036.92 1,520.00 — — — 1,520.00 — 141.59 — — — 141.59 557.29 — — — — — — — — 20.72 — 20.72 — — — — — — — — — — — — — — — 843.14 — 843.14 — — — — — — — 1,177.34 — — — 1,177.34 3,082.01 |
|
| 2,838.93 — 863.86 — 3,702.79 3,639.30 141.68 — — — 141.68 — |
|
| 141.68 — — — 141.68 — 330.00 — 16,013.83 — 16,343.83 1,789.70 2,820.75 — — — 2,820.75 5,433.23 — — — — — — — — — — — — — — — — — — 15.25 — — — 15.25 12.00 — — 65.45 — 65.45 294.75 2,052.33 — — — 2,052.33 2,640.99 5,164.38 — — — 5,164.38 5,006.50 7,748.00 — — — 7,748.00 6,690.00 — — — — — — |
|
| 18,130.71 — 16,079.28 — 34,209.99 21,867.17 1,207.40 — — — 1,207.40 499.09 — — 1,323.65 — 1,323.65 428.44 — — 554.02 — 554.02 224.13 — — — — — 59.04 |
|
| 1,207.40 — 1,877.67 — 3,085.07 1,210.70 4,303.00 — — — 4,303.00 5,508.00 210.00 — — — 210.00 315.00 50.00 — — — 50.00 200.00 155.47 — — — 155.47 206.85 338.42 — — — 338.42 189.25 364.72 — — — 364.72 31.45 |
|
| 5,421.61 — — — 5,421.61 6,450.55 82,428.79 — 21,114.06 — 103,542.85 124,228.95 |
|
| INCOME TOTAL |
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EXPENDITURE
| Cost of generating funds 1729 - Braxted Gazebo Expenses 1730 - Costs of Fundraising 1731 - Cost of Fundraising - May Ball 1732 - Cost of Fundraising - Braxted Fete 1733 - Costs of Fundraising- Open Gardens 1734 - Guardians expenses 2510 - Greetings Cards costs 2511 - Trading Goods Total Missionary and Charitable Giving 1801 - Charity Donations 2336 - Ukranian Refugee Expenditure Total Parish Share 1901 - Parish Share Total Clergy and Staffing costs 1104 - Fees to Diocese 2000 - Locum Costs for re- imbursement 2001 - Other Clergy Expenses 2002 - Gemma Fraser payments 2050 - Wages Honoraria & Support 2101 - Clergy expenses of incumbent 2130 - Rectory expenses Total Church Running Expenses |
— — — — — — — — — — — 240.97 — — — — — — — — — — — — 21.00 — 2,212.83 — 2,233.83 64.19 — — 84.89 — 84.89 9.59 54.20 — — — 54.20 195.36 — — — — — — |
|---|---|
| 75.20 — 2,297.72 — 2,372.92 510.11 1,175.46 — — — 1,175.46 826.57 — — 2,963.94 — 2,963.94 1,841.33 |
|
| 1,175.46 — 2,963.94 — 4,139.40 2,667.90 51,049.00 — — — 51,049.00 46,638.96 |
|
| 51,049.00 — — — 51,049.00 46,638.96 1,886.00 — — — 1,886.00 2,402.99 — — — — — — 247.35 — — — 247.35 282.50 — — — — — — 2,340.00 — — — 2,340.00 2,020.00 498.42 — — — 498.42 270.66 755.00 — — — 755.00 — |
|
| 5,726.77 — — — 5,726.77 4,976.15 |
| 2003 - Resources from Diocesan Grant 2301 - Insurance - Wickham Bishops 2302 - Insurance - Little Braxted 2330 - Church maintenance WB 2331 - Church Maintenance - LB 2337 - Pastoral Care 2339 - Children & Youth Work 2340 - General Costs 2341 - Flowers for Church 2342 - Upkeep 2343 - Music Fund 2350 - Upkeep of churchyard WB 2351 - Upkeep of Churchyard LB 2360 - Administration 2401 - Church running - Utilities WB 2410 - Church running - Utilities LB 2501 - Magazine expenses 2521 - Tea/Coffee Costs 2602 - Alpha Expenses 3000 - Journal Write Off 4000 - In/Out Total |
— — — — — — 2,476.47 — — — 2,476.47 2,415.53 1,158.23 — — — 1,158.23 1,093.92 3,131.65 — — — 3,131.65 2,820.95 — — 241.80 — 241.80 83.40 191.84 — — — 191.84 136.56 158.25 — — — 158.25 310.00 3,530.79 — — — 3,530.79 2,177.85 526.08 — — — 526.08 643.33 30.00 — — — 30.00 — 32.61 — — — 32.61 20.13 1,107.50 — — — 1,107.50 838.20 540.00 — — — 540.00 529.00 339.73 — — — 339.73 746.15 8,143.53 — — — 8,143.53 4,437.17 350.50 — — — 350.50 327.18 7,070.76 — — — 7,070.76 7,596.40 246.50 — — — 246.50 155.54 — — — — — — (175.32) — — — (175.32) 95.85 1,388.40 — — — 1,388.40 3,059.67 |
|---|---|
| 30,247.52 — 241.80 — 30,489.32 27,486.83 |
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Church Running Expenses - Youth Club
| 2338 - Youth Club Total Hall Running Costs 2520 - Hall running costs Total Church Repairs & Maintenance 2701 - Church major repairs - structure 2702 - Church Major Repairs - Structure St Nich 2703 - Guardians Costs 2710 - Church major repairs - installation 2711 - Capital Expenditure 2720 - Church interior and exterior decorating Total Hall Repairs & Maintenance 2801 - Hall + major repairs - structure 2820 - Hall + major repairs - installation 2830 - Hall + interior and exterior decorating Total Governance Costs 2601 - Governance costs examination/audit fee Total |
— — — — — — |
|---|---|
| — — — — — — 2,109.60 — — — 2,109.60 1,373.94 |
|
| 2,109.60 — — — 2,109.60 1,373.94 — — 2,280.00 — 2,280.00 5,076.00 — — — — — — — — — — — 5,396.00 — — — — — — 396.95 — — — 396.95 — — — — — — — |
|
| 396.95 — 2,280.00 — 2,676.95 10,472.00 — — — — — — — — — — — — — — — — — — |
|
| — — — — — — 120.00 — — — 120.00 110.00 |
|
| 120.00 — — — 120.00 110.00 |
|
| EXPENDITURE TOTAL | 90,900.50 — 7,783.46 — 98,683.96 94,235.89 |
| GRAND TOTAL | (8,471.71) — 13,330.60 — 4,858.89 29,993.06 |
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WICKHAM BISHOPS & LITTLE BRAXTED P.C.C. ASSETS
ASSETS
General Fund: CAF Bank: £11,846.96 Barclays: £ 1,467.62 CCLA: £37,285.40 Petty Cash: £ 95.35
General Fund re Bowls Club Guardians Restricted Funds Ukrainian Refugees Restricted Fund Wickham Bishops Church Restoration Little Braxted Fabric Fund
£50.695.33 £ 843.14 £27,952.20 £ 1,428.42 £42,624.53 £17,653.46
Bookstall Stock £ 600 Estimated Values Church Hall £ 500,000 Tables & Chairs £ 2,000 Kitchen Equipment, Storage Boxes, Urn, Cutlery, Microwave Etc. £ 1,500 Crockery & Glasses £ 500 Step Ladder £ 109 Vacuum Cleaners £ 200 Video/Television, Sound System/Heaters £ 1,600 Choir Robes £ 1,500 Lawnmowers £ 1,250 Strimmer £ 150 Hedge Trimmer £ 150 Piano x 2 £ 2,700 Shed x 2 £ 1,500 Projector £ 430 Floristry equipment £ 2,000 Dishwasher £ 1,500 Photocopier £ 2,500 Mevo Camera £ 350 WiFi Router £ 90
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