St NRcholas Church, Stevenage Parochial Church Council The Annual Report and Accounts of the Parochial Church Council of St Nicholas Stevenage Reglstered Charity Number- 1161229 Year Ended 31 December 2023 Contents Page Report of the Tru5tee5 2-12 Independent Examlnerfs Report 13 Income and Expenditure Account lincorporating Statement of Financial Artivitiesl 14 Balance Sheet 15 Notes to the Account5 16-27
St Nicholas Church, Stevenage Parochial Church Council Report of the Trustees For the Year Ended 31 December 2023 IMrRODUCTION The Parochlal Church Coun¢il as trustees of St Nicholas Church. Stevenage presents Its annual report and financial statements for the year ended 31 December 2023. The trustees have adopted the provlsions of Accounting and Reporting by Charities: Statement of Re¢ommended Prartice applicable to charities preparin8 their accounts In accordance with the Flnancial Reporting Standard applicable in the UK and Republic of Ireland IFRS 102) leffectlve l January 20191. Definltlon$ pcc The Parochlal Church Council comprislng Clergy and elected representatlves, the trustees under the PCC powers measure 1956. The Rector and Churchwardens appointed trustees under the will of the late Robert Hawkes who dled in 2008. Friends of St Nicholas An Independent charltable trust established to raise funds for the maintenance and improvement of St Nicholas Church Stevenage. The Rertor and Churchwardens are the trustees of the Bury Mead recreation area. The land Is rented by Stevenage Borough Councll IS8CI for a peppercorn rent and they are fully responsible for managing it. Hawkes Trustees Bury Mead Trustees OBJEcfivES AND AcfiviTIE5 Alms and Purposes In co-operation with the incumbent, the PCC has the responsibility of promoting the pastoral, evangelistic, social and ecumenical mission of the church in the ecclesiastical parlsh of st Nicholas Stevenage. This includes the management of the church buildlng on Rectory Lane, Stevena8e. Resources The parish is served by a full-tlme cleric Ilcenced by the Blshop of St. Albans. The Rertor Rev. Edward Keene has been in post since June 2023, prior to which the parish was in an interregnum. Mrs Alison Hare is the secretary to the benefice and provides admlnlstrative support to the clergy. She receives an honorarium. Vergers and organlsts are appointed on an irregular basls to support many of the occasional offices. The misslon of the church would not be fulfllled without the many volunteer5 who willingly serve in many areas of church life.
St Nicholas Church, Stevenage Parochial Church Council Report of the Trustees for the year ended 31 December 2023 Objertlves The '5Gs' have directed our work since the PCC agreed them in 2016.. Grounded in the Bible, Growlng in number, Glorifying God, Greater in likeness to Jesus, Glued together In a loving community. After eight years and with a new Rector it may be time to refresh these and we will revlew this at the next PCC away day in September 2024, ACHIEVEMENT AND PERFORMANCE IN DELIVERING PUBLIC BENEFIT The PCC confirms that it has referred to the Charty's Commlsslon's guldance on public benefit and believes that its objectives are in accordance with the guidance. The Mission Actlon Plan IMAPI approved by the Annual Parochial Church Meeting IAPCMI in April 2018 sets targets relating to each of the PCC objectives. Some of the achievements over the last 12 months have been as follows: We started the new year still In an interregnum but we were looklng forward to see what God was going to do as we planned our next round of intervlews. We advertised for the new Rector for a month startlng on 6 January. We received four applications and on 8 March we short listed three of the appllcants. On 20th March we held the interviews and appointed Edward Keene to be our new Rector, who was subsequently licenced on 16 June. We are really grateful to all those who came and preached to us durlng the Interregnum especially Rev Ray Porter who did the majority of the preaching. We were also helped with the preaching by Ben Epps, from Longmeadow Church and Jon Woodrow from Grace Community Church both of whom we work with Closely. On 4th February we held a barn dance for all the church family members from St Nicholas Church and from St Mary, church Graveley. We had originally paid for this just before Covld which we were going to have for our church weekend at home. The barn dance was well attended with most people wishing to use the music group a8ain. On 5 February Sunday afternoon Rev Tony Canon from the Church Soclety came to St Nicholas to speak on LLF ILiving In Love and Faithl to explain the Implicatlons. Tony was well received, and it helped clarify the situatlon. There was a Men's breakfast on iith February. On the Saturday 18 Februory Martin started his guitar workshop which ran for six consecutive weeks. For lent the home groLtps all studled together Forgiven by TIM Chester. On 22 February we had our Ash Wednesday Servlce with the imp051tlon of Ashes whlch Rev Ray Porter kindly agreed to lead. On Iltb March the women's fellowshlp held thelr breakfast event at The Standing Order pub. On the same day Weston Muslc Society held a concert at St Nicholas Church in the evenin8. On Sunday 26, March we were able to announce that The Reverend Edward Keene had been appointed as Rector of St Nicholas and St Marvs, there was much re}olcln8 that dayl Durln8 Holy Week we held evening prayer on the Mondayi Tuesday, and Wednesdayi followlng a lectionary. Prior to the Maundy Thursday service, we all shared a meal together. On Good Frlday we had meditations at St Marf5 at 3pm. We held our Easter fun day on 8, Aprll. We had Teddys 8oin8 down a zlp wire from the tower, a barbecue, cream teas and cake. We had games for the children and a treasure hunt in the church yard. It was a lovely day, and tt was well attended. Ray Porter led our Easter Day service which was also well attended.
St Nicholas Church, Stevenage Parochial Church Council Report of the Trustees for the year ended 31 December 2023 ACHIEVEMENT AND PERFORMANCE IN DELIVERING PUBUC BENEFIT Iconydl OD the 22nd April Weston Music Soclety held a concert at 7.30 at the church. On the 6th May from 10am to 10.30am the bells were rLtng to celebrate the Klng's coronatlon. On 13th May we held a famlly quiz night in church. Our APCM was held on 14 May. During the 5, 13, and 17th of June we held our pastoral care tralning this was dellvered over three days by our safeguardlng lead Christine Chambers and we had 12 attending. Our Rertor Edward Keene was installed on 19th June. The Collation was led by the Bishop of St Albans The Rt Revd Dr Alan Smlth and the Installatlon and Indurtlon was by Archdeacon of Hertford The Venerable Janet Mackenzie. On 15, July the Orpheus North Herts Choir held a concert at St Nicholas church in the evenlng. On the 26, August we held a church fun day, but the weather was not very good so di5appointlngly the attendance was poor. On the 28 October the women's fellowship held a breakfast and on the same day Martin Bailey held a muslc team day. On the 1st November Edward held a memorial vigll at 5t Nichola5 and invited those who had lost loved ones in recent times. This was well attended. Earlier on I" November we had a lunchtime Concert. On Sunday 12, November we held a meeting in the 'EquippSng the Saint5, serles regardin8 Christian witness at work with the London Institute of Contemporary Christianity. This was well received. On 18th November Bunyan Baptist Church held thelr Tralnlng Course at st Nicholas. Durlng November St Nicholas is the main Stevenage dropplng-off point for Operatlon Christmas Chlld. We held our first bring and share brunch at the joint benefite meetlng on 26, November whlch went very well. On I" December Women's Falth and Fellowship held thelr Christmas craft event. On December we hosted Bras5 Band Concert for Fund Raising for Bridge Builders. It was very well recelved and much needed funds were raised. For the first time In recent memory we have had secondary schools vlslting us over the Christmas perlod. The Eh Thoma5 Alleyne Academy visited us on 13 December and The Barclay Academy visited us on 5th December (year 7 in both Cases). On the 9 De¢ember the Stevenage Singers held a toncert. On IO, December we held our carols th by candlelight. On 16 December Edward and Hannah hosted a Families Christma5 Party. We held two Chrlstingle Services one on the 17 December and the other on the 24 December,. the later one had around 200 people attendln8. Almond Hill school held thelr Christmas Carol service in church on 19, December.
St Nicholas Church, Stevenage Parochial Church Council Report of the Trustees for the year ended 31 December 2023 ACHIEVEMENT AND PERFORMANCE IN DEUVERING PUBUC BENEFIT (Conyd) We held three services on Chrlstmas Eve, the third one belng a midnlght communion which started at 11.30pm. On Christmas day we had a Family Service. and Throughout the year we have trled hard to malntaln our weekly schedule of services, keeplng to simllar times and styles wherever possible. Prayer Tlmes. We have a time of corporate prayer every other Wednesday morning from 8am to 8.40am for God's blessing on the church, the people, and the wider world. We also have evening prayer and the benefice prayer meeting both on alternative Wednesday evenings. The morning prayer meetlng on a Wednesday remalns on Zoom. Sundays at 9:30am. A Servi up to 90 mSnutes In length wlth hymns and songs and a longer talk. Children go to their own groups after the flrst 10 minutes and re-join the service later. On two Sundays per month the serwce includes Holy CommLbnlon. Home Groups. Home Bible study groups meet throughout the week. All home groups now meet at someone's house. The home groups meetevery other week. Da On 31 December 2023 the Church Electoral Roll numbered 80, of whom 38 lived in the parish and 42 lived outside the parish. The average weekly attendance of adult5 and chlldren, counted during October was 65. As well as regular services, the church enables the community to celebrate and thank God at the milestones of the Journey through Ilfe. Through baptism we thank God for the gift of life, in marrlage publlc vows are exchanged wkth God's blessing and, through funeral services. friends and famlly express their grief and give thanks for the lrfe which is now complete in this world and to commend the person into God's keeplng. 2023 we had 7 baptlsm and 7 weddlngs and one Wedding Blessing. There were 21 funerals in the church wlth clergy taking 4 other funeral servlces at the crematorium or cemetery chapel. Two members of the church were elected to sit on the Stevenage Deanery Synod and are ex-officio members of the PCC. This provides the PCC with an Important link between the parish and the wider structure of the church. In In 2008 the will of the late Robert Hawkes bequeathed the residue of his estate In trust to the Rector and Chur¢hwardens for the malntenance and repair of the fabric of the St Nicholas church building. Under Canon Law the funds are held by the Diocesan Board of Finan as custodian trustee.
St Nicholas Church, Stevenage Parochial Church Council Report of the Trustees for the year Ended 31 December 2023 ACHIEVEMENT AND PERFORMANCE IN DELIVERING PUBLIC BENEFIT (Convd) The PCC determines the scope of any work for whlch the support of the will trust Ss sought. The PCC also obtalns the necessary consents and then applies for grant5 from the trustees. In previous years invoices for 8rant financed work were Settled directly from trLSSt funds. To avold potential accounting difficulties, from l January 2018 the trustees agreed that all invoices should be approved by and settled from PCC funds. The expenditure is then reimbursed by the Hawkes trustees. During 2023 the followlng grants were made from the Hawkes Trust to the PCC Recurring general maintenance Item Recuirlng Malntenance Church buildings insLbrance (Ecclesiastlcal 91YAI Non.Recurrlng Maintenance Organ Refurbishment Fire Alarm Heatlng System Lightning Conductor Total Grants 3,366.68 185.00 1,608.96 4,565.95 934.80 10,661.39 The Hawkes Will Trustees have indicated that during 2024 they intend to contlnue their fundin8 of ¢hurch repairs and Insurance using the Trust's funds. The last quinquennlal inspection was completed in November 2021. The Hawkes trustees have agreed a 10-year fundlng commitment of planned repairs and will release funds as repairs take pla. The PCC thanks Bernie Matthews, Paul Drakes and Stuart Marshall who regularly inspert and carry out minor malntenance on the inslde and outside of the buildln8.
St Nicholas Church, Stevenage Parochial Church Council Report of the Trustees For the Year Ended 31 December 2023 ACHIEVEMENT AND PERFORMANCE IN DELIVERING PUBUC BENEFIT Icorfd) Mlsslon and Evanzellsm The continuing work of rni5sion and evangeli5rn is a major part of our Ilfe as a church whlch seeks to proclalm the gospel of Jesus across our parish and across the town. Our evangelism team went out on the doors during late spring and carried on untll late autumn when the weather tumed cold, For the flrst part of the year, we handed out leaflets and tracts to those we met on the doors and posted a leaflet through the door for those who dld not ¢ome to the door. The Rector produced a new leaflet which we handed out to those we spoke to on the doors. We are plannlng to call on some of the people we have met on the door5 who have shown an interert. Our Thursday afternoons hot chocolate has grown from strength to strength where we now have up to twenty chlldren coming into church some weeks. We have got to know the chlldren well and we are always seelng new faces coming along. We also have parents with younger children coming In as well for hot chocolate and people out for a walk. As part of our initiative to increase our wltnes5 and presence on the local estates we again delivered Christmas Invitatlons to over two thousand homes. We are now plannlng to produce a new a welcome pack contalning information about our church which we wlll use for people moving into the area. We have the church opened several tlmes a week,. Tuesday 24 Wednesday 12-2, Thursday 10-12 and Thursday afternoons 2.30- 4pm. This also allows people to come In and have a look at the church and we can share the gospel wlth them. The mlsslon of the wider churth is supported by donatlons to four external Christian chartties.. Church Misslon Society ICMSI with a particular Ilnk to Katia Rocks in Brazil,. Bridge Builders. our local gospel partners in the prSmary schools in Stevenage,. The Barnabas fund supporting persecuted Christians around the world,. and Crosslinks with a particular Ilnk to Rachel and Bernie Muluuta working in Kampala. Uganda, to reach, teach, disciple and train young adults. Bridgebuilders recelve 40% of our mission giving and the remainder 2¢YA each. Durfn¥ 2023 the church contlnued to support the worldwide Anglican movement GAFCON, and the UK based RENEW movement which is working for the renewal of the Church of England and the growth and planting of healthy Blble- teaching Anglican Churche5, Ecumenlcal Relatlonshlps Whilst we work m05t closely with other Anglican churches across the Stevenage area our strongest Ilnk Is with St Marvs Church in Graveley, with whom we form a joint benefice. Sermon series are shared and both churches share baptism and marriage preparation. There were also several shared services in 2023. We are also part of Churches Together In Stevenage and are contlnulng to deepen our worklng relationshlps wlth other churches who share our vision for mission and evangelism. As part of this we have continued our partnership with Grace Community Church and Longmeadow Evangelical Church.
St Nicholas Church, Stevenage ParochRal Church Council Report of the Trustees For the Year Ended 31 December 2023 ACHIEVEMENT AND PERFORMANCE IN DEUVERING PUBLIC BENEFIT {ConVd) Church Bulldlng We have been able to open our church buildlng to various organlsatlons. Apart from the music concerts that we have here Stevenage Steps AA hold their meetings here along wlth the local Baptist church who uses the building to run retreat days. FINANaAL REVIEW Full details of the accounts are provided in pages 14- 26 of this report. Total recelpts of unrestrict unds were £87,181. This comprlsed the following: Source offunds Amount (£) Planned giving Unrestrlcted voluntary donations Collectlons in church Weddlng and funeral fees HMRC Gift Aid Contribution from St Marfs, Graveley towards the ParSsh Share and clergy Contributlon for St Albans Dlocese toward5 the Interregnum expenses Other Income 53,126 1,487 4,262 2,881 12,269 9,614 3,052 490 Total recelpts of were £11,261. Thls comprised the followlng: te Source offunds Amount (£) Hawkes Bequest Friends of St Nicholas 10,661 2,500 Compared to 2022, our planned glving decret7sed by 6% ond collectlons in church increased by 3%. The PCC wishes to record Its thanks to all those who, through their 8enerous financial glvingi growing commitment to the work that Godls doing In thi5 corner of his kingdom. Provlsion has been made In our balance sheet for the following monetary assets: demonstrate our
St Nicholas Church, Stevenage Parochial Church Council Report of the Trustees For the Year Ended 31 December 2023 FINANCIAL REVIEW (Convd)) £5,916 for 81ft aid reclaim from HMRC for the period July- December 2023 2023 Independent examination fess £1,050. £97.526 was spent from unrestrlrted funds to provide the Christian minlstry from St. Nicholas, Church, including the contrlbutlon of £60,099 to the diocesan parlsh share that largely provldes the stipends and housing for the clergy. The amounts that the churches in the deanery must flnd are shared between the churches according to a formula that Is based mainly on a headcount of the congregations, and local demography. We must find more of the total required at our church in relation to others because of our location in the town. £7,800 was spent from the unrestricted funds on the four charities ICMS, Bridge Builders, Barnabas fund and Cr05slinksl selected by the PCC. £3,221 was spent on maintenance of the church buildlng from unre5tri¢ted funds. The result for the year was a deflcit of income over expenditure of £10,345 on unrestrlcted funds, a surplu5 of £2,500 on restricted funds and an overall deflcit of £7,845. Adding bank and deposit balances brought forward at the beginning of the year, together with outstanding assets and liabilitles (including long term deferred parish Share £29,177) there are net reserves of £5,900 to carry forward on 31st December 2023. Reserves pollry It Is our prarti¢e to maintain a balance in the current account of approximately £8,000 to cover the monthly forecast of planned expenditure. As of 31st December 2023, £6,2731s held on easy access deposit to smooth out fluctuations in cash flow and to meet emergencies. Durlng the current year the Trustees have transferred all remalnlng funds In old restricted funds to the general. All donors to the specific restricted funds have been made aware of the transfer of funds STRucfuRE, GOVERNANCE AND MANAGEMENT The method of appointment of PCC members is set out In the Church Representation Rules. At st Nicholas Church, the membership of the PCC consists of the incumbent lour Rector), churchwardens, and members elected by those members of the congregation who are on the electoral roll of the church. All those who attend our services are encouraged to register on the Electoral Roll and stand for election to the PCC. The PCC members are responsible for making declslons on all matters of general concern and importance to the parlsh, including deciding on how the funds of the PCC are to be spent.
St Nicholas Church, Stevenage Parochial Church Council Report of the Trustees For the Year Ended 31 December 2023 STRucfuRE, GOVERNANCE AND MANAGEMENT Iconvdl The tull PCC met slx tlmes durlng the perlod with an average attendance of 76%. Glven its wide responslbllitles the PCC has a number of commlttees. each dealing with a particular aspert of parlsh life. These committees, which Include worship, pastoral, giving and support for misslon, finance, buildings and fabric, soclal and hospitality, are all responsible to the PCC and report back to it as appropriate with notes of their meetings and de¢lslon5. The full PCC dlscusses and ratlfies any decisions as necessary. Rlsk Management Poll¢y The Rector and Churchwardens on behalf of the PCC have consldered the rlsks to which it is exposed. They relate to the following major areas.. Risk Aret7 Financial Risks Noture of Rlsk Fraudulent misappropriation of PCC assets and funds MonagementArrangements Finantial controls are in place Including oversight of bank accounts and payment processes. Insurance cover against theft Insurance cover agalnst the usual perils backed by a bequest for the maintenance of the building Regular revlews of safety arrangements backed by public liability insurance Care policy Sn place wlth screening of individuals by the Disclosure ond Borrlng Service Dama8e to buildings The church may be damaged by weather, neglett, external abuse Health and safety of people uslng churth premises Users of the bulldin8 may Suffer injury because of an incident on the prem15es Children or vulnerable adults may be abused by members of the church in the context of church actlvlties Abuse to children and vulnerable adults A surveyor appointed by Eccleslastical Insurance visited the Church and submitted a formal Rlsk Management Report In July 2015. This inspection is required every 5 years. The followln8 two a¢tion5 have been completed.. A churth Health and Sofrty Policy has been complled In the format supplied by Ecclesiastlcal Insurance. An asbestos register has been generated. The Safeguarding Policy has been reviewed and updated. Volunteers We would like to thank all the volunteers who work so hard to maintsln our church as a lively and vibrant communlty. We want to mention.. Our churchwardens, Mlke Wilton and Karen Walker and their team of assistant wardens. Our Treasurer, Ja50n Cox, and his team of volunteers. They have all worked tirelessly on our behalf. io
St Nicholas Church, Stevenage Parochial Church Council Report of the Trustees For the Year Ended 31 December 2023 STRucfuRE. GOVERNANCE AND MANAGEMENT (Convd) Admlnlstrntlve Infofrnatlon St Nicholas Church is situated In Rectory Lane. Stevenage, Herts SGI 4DA. It is part of the Diocese of St Albans wlthin the Church of England. The correspondence addre55 15 St Nicholas House, 2A North Road, Stevenage, Herts SGI 4AT. The PCC Is a body corporate IPCC Powers Measure 1956, Church Representatlon Rules 20061 and is registered with the Charlty Commission. PCC members who have served at any time from I" January 2023 untll the date this report was approved are: fficio memb Clergy and Chairman Revd Edward Keene from 19, June 2023 Martin Bailey Chalrman until l¥h June 2023 Churchwardens: Karen Walker Mike Wilton Deanery Synod Reps.. Stuart Marshall Cathy Bibby Diocesan Synod Member land cri5 Repl.. Stuart Marshall Co-opted: Ali50n Hare- Secretary Steve Bamford- Deputy Warden ed Mem Martin Bailey (Safeguarding Lead) until April 2023 Christine Chambers (Safeguarding Lead) from April 2023 Edward Kaahwa Chris Taplin Jason Cox (Treasurer) Mark Parker Mathew Isaac Kate Casey from April 2022 until October 2023 Paul Schimmel from April 2023 Anthony Taylor from April 2023 to December 2023 li
St Nicholas Church, Stevenage Parochial Church Council Report of the Trustees For the Year Ended 31 December 2023 Approved by the PCC on............ ond signed on thelr behalf by Edword Keene IPCC Chairmanj Edwa eene (PCC Choirmanj 12
St Nicholas Church, Stevenage Parochial Church Council Independent Examlnerfs Report to the Trustees of St Nicholas Church, 5tevenage, Parothlal Church Councll I report to the trustee5 on my examination of the accounts of the St Nicholas Church, Stevenage, Parochial Church Council, for the year ended 31 December 2023. Responslbllltles and basls of report As the charity trustees of the St Nltholas Church, Stevenage, Parochlal Church Councili you are responsible for the preparation of the a¢¢ounts in accordance with the requirements of the Charitie5 Att 20111'the ACVI. I report In respect of my examination of the St Nicholas Church, Stevenage, Parochial Church Council's accounts carried out under section 145 of the 2011 Act and in carrying out my examlnatlon I have followed all the applicable Direction5 given by the a)arlty Commission under section 145(5)Ibl of the Act. Independent examlnerfs staternent I have ¢ompleted my examlnation. I confirm that no material matters have come to my attention in connertion with the examination giving me cause to believe that in any material respect.. accountin8 records were not kept in re5pert of the St Nlcholas Church, Stevenage, Parochial Church Council as requlred by sectlon 130 of the Act,. or the accounts do not accord with those records,. or the account5 do not comply wlth the applicable requirements concerning the form 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 falr view whlch is not a matter considered as part on an independent examination. I have no concerns and have come acr055 no other matters in connection with the examination to which attention should be drawn in this report in order to en¥e a proper understanding of the accounts to be reached. C Wilklnson FCCA Barker Wilkinson L6mlted 19-21 Middle Row stevenage Hertfordshire SGI 3AW Date 13
St Nicholas Church, Stevenage Parochial Church Council Income and Expenditure Account (Incorporating Statement of Financial Activities) Year Ended 31 December 2023 2023 UTrrestrfrted 2023 Re$trirted 2023 Total 2022 Total Note Incomln8 Resources Planned GlvSn8 Collertions Gift Aid Recovered Total 53,126 4,262 12,269 69,657 53,126 4,262 12,269 69,657 56,221 4,139 14,157 74,517 Other Artivities Church Actlvlties other Income Totsl 1.487 2,881 13,156 17,524 2,500 3,987 2,881 23,817 30,685 9,806 4,167 50,038 64,011 10,661 13,161 Total of Incomln8 Resources 87,181 13,161 100,342 138,528 Resources Expended Charftable Attlvftle5 Parish Share Clergy & Staffing Costs Church Running Expenses Mission Glvlng and Donations Deanery and CTIS Church Improvement5 Repairs and Renewals Totsl 60,099 1,844 21,348 10,857 157 60,099 1,844 24,715 10,857 157 60,718 1,858 23.429 9,578 158 26,184 20,386 14l311 3,367 3,221 97,526 7,294 10,661 10,515 108,187 Excess of Expendlture Over In¢ome Transfer between funds Net movement of funds Totsl funds brought forward rotsl fvnds carrfed lorward (10,345) 24,168 13,823 110,423 2,51XI 124,1681 {2L668) 24,168 2,500 (7,8451 (3,783) (7,845) 13,745 13,783) 17,528 13,745 The notes on pa8es 16 to 27 form part of these accounts 14
St Nicholas Church, Stevenage Parochial Church CouncRI Balance Sheet A5 At 31 December 2023 Note 2023 Unre$trkted 2023 Restrlrted 2023 Total 2022 Total Cash Funds General Current A¢¢ount General Reserve Account Wedding Current Account Totsl Cash Funds 23,890 3,773 5,523 33,186 23,890 6,273 5,523 35,686 34,169 6,273 1,108 4&550 2,500 2,500 Other debtors Gift Aid Recoverable Total Current Assets 5,916 39,102 5,916 41,602 7,082 48,632 2,500 Creditors.. amounts fallln8 due wlthln one year Independent Examlners fee Wedding Deposlts Deferred Parish Share Tottl Llabllltles 1,002 5,523 29,177 35,702 1,002 5,523 29,177 35,702 1,002 1,108 32,777 Net Current Assets 3,400 2,500 2,300 13.745 Totsis Funds 2,500 13,745 The notes QD pages 16 to 27 form part of these accounts Approved by the PCC on ... . d signed on their behalf: Jason Cox Treasurer Edward Keene Rertor Karen Walker Churthwarden 15
St Nicholas Church, Stevenage ParochRal Church Council Notes to the Financial Statements Year Ended 31 December 2023 Accountlng Pollcles The accounts for the year ended 31 December 2023 have been prepared usin8 the a¢cruals basis of a¢¢ountln& Basls of prèparln8 the Ilnanclal ststements. The financlal statements have been prepared under the historlcal cost convention. The financial statements have been prepared under the Church Accounting Regulation$ 2006, the provlsions of Accountlng and Reporting by Charities.. Statement of Recommended Practice appllcable to charities preparing thelr accounts in accordance with the Flnancial Reporting Standard applicable in the UK and Republic of Ireland IFRS 1021 leffective l JanL¢ary 20191. The financlal statements Include all transartions, assets and liabilities for which the PCC 15 re5ponslble in law. They do not Include the accounts of church groups that owe their affiliation to another body, nor those that are Informal gatherings of church member5. The trustees are not aware of any materlal uncertalntles about the charlvs ability to continue and therefore the Charity's financial statements have been prepared on a golng concern basis. Incomln8 resources Planned giving, collections and similar donations are reco8nised when received. Tax refunds are recognlsed when the incomln8 resource to which they relate is recelved. Grants and legacies are recognised when the PCC Is entltled to the use of the resources, their ultimate recelpt Is considered reasonably certain and the amounts due are reliably quantlfiable. Interest as and when accrued by the payer. All Incoming resources are accounted for gross. Resources expended. Grants and donations are recognlsed when paid, or when awarded, if that award creates a binding or constructlve obligation on the PCC. The diocesan parlsh share expected to be pald over is recognlsed when due. All other expendlture is generally recognlsed when it is incurred. 16
St Nicholas Church, Stevenage Parochial Church Council Notes to the Financial Statements Year Ended 31 December 2023 (Cont'd) Accountln8 Pollcles (Conyd) Flxed assets Consecrated and benefice property is not included in the accounts In attordance with $1012llal and Icl of the Charltles Art 2011. Individual Items of equipment with a purchase prlce in excess of £1,000 are capitali5ed and depreclatlon is charged from the year of acquisltlon on a straight-line basis over the estlmated useful Ilves. Fund accountln8 Restrictèdfunds comprise revenue donatlons or grants for specific PCC actlvltles intended by the donor. Unrestrictedfunds are income funds which are to be spent for the PCC general purposes. Designatedlunds are unrestrlrted funds set aside by the Pcctrustees for use In the future. Projertfunds are unrestricted funds designated for projects or for administratlon purposes only. Deslgnated funds remain unre5trlrted and the PCC will transfer any surplusldeficlts to/from other general funds and the end of the designated projert. Flnanclal Instruments The charity only has flnancial assets and liabilltles of a klnd that qualify as basic flnan¢ial instruments. Basic financial Instrument5 are inltlally recognised at transaction value and subsequently measured at settlement value. Other Artlyhles 2023 2023 Unrestrlrted Restrlrted 2023 Total 2022 Total Donatlon5 Buildlng Fund Donations Roof Alarm (Grant) Totsl 1,487 2.500 3,987 4,076 3,830 1.900 1487 2,5(NJ 3,987 17
St Nicholas Church, Stevenage Parochial Church Council Notes to the Financlal Statement5 Year Ended 31 December 2023 (Cont'd) Church Attlvliles 2023 2023 Unrestrlcted Restrlcted 2023 Total 2022 Total Weddlngs, Funerals & Other Fees 2,881 2,881 4,167 Other Incorne 2023 2023 2023 2022 Unrestrlrted Restrl¢ted Total Total Graveley PCC (Parish Share} Graveley pcc iaergyl Other Income Listed Places of Worship Hawke$ Bequest Fund St Alban5 Diocese Interregnum Contrlbution Charitable Activities 9,000 614 290 9,000 614 9,000 450 135 873 39,390 290 10,661 10,661 3,052 200 3,052 200 190 13.156 10,661 23B17 50,038 18
St Nicholas Church, Stevenage Parochial Church Council Notes to the Flnancial Ststements Year Ended 31 December 2023 (Cont'd) Church Runnlng Expenses 2023 Unrestilrted 2023 Restrlrted 2023 Total 2022 Total Services Upkeep Copyright Licences Software Costs Insurance Flowers Gas, Elertricity, Water and other premises costs General expenses Independent Examiner's Fee Kitchen Upkeep Mission Action Plan Safeguardlng stationery/Println8 Sunday Club & Youth Work Equipment Hire Rector Recruitment Expenses Welcome Gift- Rector Leaving Gift- Rector Parlsh Administrator 179 639 179 639 438 2,980 167 991 688 62 4,437 133 438 13871 167 3,367 8.577 1,809 1,050 388 1,365 91 208 loo 180 626 425 8,577 1,809 1,050 3,577 1,270 1,254 470 2,435 15 1,365 91 208 loo loo 180 999 626 425 1,584 5,232 23,429 5,493 21,348 5,493 24,715 3,367 19
St Nicholas Church, Stevenage ParochRal Church Council Notes to the Financial Statements Year Ended 31 December 2023 (Cont'd) Mlsslon Glvln8 and Donatlons 2023 2023 2023 2022 Unrestrfrted Restrlrted Total Funds Unrestrlrted Church Overseas Church Mission Society Cros51inks Barnabas Fund 1,560 1,560 1,560 1,560 1,560 1,560 1,560 1,560 1,560 General Charltles Bridge Builders Herts Historic Churches Hawkes Bequest Fund Charitable Donatlons 3,120 50 1,900 1,107 lo57 3,120 50 1,900 1,107 10,857 3,120 50 1,278 978 20
St Nicholas Church, Stevenage Parochial Church Council Notes to the Financial Ststements Year Ended 31 December 2023 (Cont'd) Movement In Funds Onl. January 2023 Net Movement In Funds Transfers Between Funds On 31" December 2023 Unrestrlrted Funds General Fund 110.423) 110,3451 24,168 3,400 Restrlrted Funds Deanery Muslc Fund Revitali5ation Fund Mothering Sunday Flower5 Weston Famlly Frlends of St Nicholas Hawkes Bequest Fund Total Funds 75 2,367 21,716 1751 12,3671 121,716) 151 {51 2,500 2.500 13,745 17,845) 5,900 Net movement In funds are as follows- In¢omln8 resources Resources Expended Galnsand Losses Movement In Funds Unrestrlrted Funds General Fund 87,181 97,526 110.345) Restrlrted Funds Friends of St Nicholas Hawks Bequest Fund Total Funds 2,500 10,661 100.342 2,500 10,661 108,187 {7,8451 21
St Nicholas Church, Stevenage Parochial Church Council Notes to the Accounts. Year Ended 31 December 2023 (Cont'd) Movement In Funds (Contrd) Comparative net movement In funds, Included In the above are as follows.. Onl. January 2022 Net Movement In Funds Transfers Between Funds On 31. December 2022 Unrestrlcted Funds General Fund 11,8521 18,5711 110,4231 Re$trlrted Funds Deanery Music Fund Revitalisatlon Fund Mothering Sunday Flowers Weston Family Hawkes Bequest Fund Totsl Fund$ 75 2,367 16,928 75 2,367 21.716 4,788 17,528 13,783) 13,7Q4 Net movement In funds are as follows: Incoming resources Resource5 Expended fjalns and Losses Movement In Funds Unrestrlrted Funds General Fund 93,477 102,048 18,5711 Restrlcted Funds Revktallsation Fund Hawks Bequest Fund Totsl Funds 4,788 40.263 138,528 4.788 40,263 142,311 (3,783) 22
St Nicholas Church, Stevenage Parochial Church Council Notes to the Accounts. Year Ended 31 December 2023 (Convd) Movement In Funds {ConVd) A current year 12 months and prior year 12 months comblned posltion is as follows.. Ati. January 2022 Net Movement In Funds Transfers Between Funds At 3111 December 2021 Unrestrlrted Funds General Fund 11,8521 118,9161 24,168 3,400 Restrlrted Funds Deanery Music Fund Revitali5ation Fund Motherlng Sunday Flowers Weston Famlly Friends of St Nicholas Hawkes Bequest Fund Total Funds 75 2.367 16,928 1751 12,3671 121,716 15) 151 4,788 2,500 2,500 17.528 111,628) 5,900 Net movement in funds, included In the above are as follows.. Intomlng resources Resources E¥pended Galns and Losses Movement In Funds Unrestrlrted Fund$ General Fund 180,658 199,574 118,9161 Restrlcted Funds Revitalisatlon Fund Frier¢ds of St Nichola5 Hawks Bequest Fund Totsl Funds 4,788 2,500 50,924 238.780 4,788 2,500 50,924 250,498 (11,628) 23
St Nicholas Church, Stevenage Parochial Church Council Notes to the Accounts. Year Ended 31 December 2023 (Cont'd) Movement In Funds {ConVdl There were no transfers between funds In 2023. UNRESTRICTED FUNDS General fvnd The general funds are available for the furtherance of the PCCS charitable objectlves. General funds are largely maintained by memberfs donations and collections. RESTRICTED FUNDS Deanery The deanery funds are available for expendlture on new mu8S. The deanery fund was set up In 2016 by a grant from the deanery. The small underspend on this fund has been transferred to the general fund and the donors have been made aware. Musl¢ Fund The muslc funds are available for expenditure on musical scores, tees for organist and possible fees of a music dlrector to produce a full choral even50ng. The fund was set up in 2017 by a grant from The St Nicholas Church Cholr. Unspent funds have been transferred to the General Fund and the donors have been made aware. Revltslisatlon Fund (lormerly New Development Fund Church members contributed to the revitalisation fund via church membershlp fund ICMFI and one off contrlbutions, further one of donations from various organisations have been received for the purpose of the revstalisation of the church. Funds are restricted for expenditure on major work5 to the Church Buildings concurrently or subsequent to the renovation of the church floor and lightin8 that commenced in 2019. The major works project has now been completed and the unspent funds have been transferred to the General Fund the parlshioner5 have been made aware. 24
St Nicholas Church, Stevenage Parochial Church Council Notes to the Accounts Year Ended 31 December 2023 (Cont'd) Movement In Funds {ConVd) Motherfn8 Sufiday Fund In 2018 a donation of £50 was made to fund flowers and posies for Mothering Sunday. The small underspend on thls fund has been transferred to the general fund and the donors have been made aware. Weston Famlly Fund During 2020 the Weston family made a don*ion of £660 towards a new lectern whlch was purchased during the year. Unspent funds have been transferred to the General Fund and the donors have been made aware. Friends ol St Nlchola$ The Frlends of St Nlcholas made a donation toward5 the maintenance of the Church building. H?wke$ Bequest Fund The Hawkes Bequest funds all maintenance ¢osts of the church building of St Nicholas. The maintenance cost Is paid by the PCC and then a request is made to the Trustees of the Hawkes Bequest to reimburse the maintenan¢e cost. Trustees Remuneratlon and Related Party Transattlons No trustee received any remuneration, benefits or expenses otherthan as dlsclosed below.. During the period under review, Alison Hare (a member of the PCCI recelved £5,49312022 £5,232) in payments and expenses for admlnistrative support. The Rector is due to be in receipt of a monthly allowance for broadband and computer depreciation. Revd. Keene covers the cost of hls moblle phone and is responsible for updating his computer, laptop and printer as and when needed, allowances paid in 2023 were £Nil12022 £8141. Trustees receive payment for reimbursed expenses incurred on the PCCS behalf as agent for the PCC. The Rerfd E Keene, Karen Walker and Mike Wilton are or were trustees of The Hawkes Will Trust during the period under revlew, the PCC recelved restrirted grants of £10,66112022 £39,390) and paid a donation of £1,90012022 £NIII from and to The Hawkes Will Trust during the year. During the year total donations received, both regular and one-off, from trustees who have served during the period was £13,38012022 £15,160) both for the general and revitalisatlon fund. 25
St Nicholas Church, Stevenage Parochial Church Council Notes to the Accounts. Year Ended 31 December 2023 (Cont'd) Legal Ststus The Charity Is a trust registered at the Charity Commlsslon at St Nlthola5 Church, Rectory Lane, Stevenage. Herts, SGI 4DA. The charity is a public benefit entlty. 26
St Nicholas Church, Stevenage Parochial Church Council Notss to the Accounts Year Ended 31 Dember 2023 (Cont'd) io. Comparatlves for the statement of Flnanclal Actlvftles Not• 2022 Unrestrlrted 2022 Restrlcted 2022 Total 2021 Total Incomlng Resources Planned Glvlng Collectlons Gift Aid Recovered Totsl 56,221 4,139 13,199 73,559 56,221 4,139 14,157 74.517 51,757 3,245 13,646 958 958 Other Activities Chur¢h Activities Other Income Totsl 5,976 4,167 9,775 19,918 3,830 9,806 4,167 50,038 64,011 10,043 4,590 65,305 79,938 40,263 44,093 Total of Incornln8 Resources 93.477 45,051 138,528 148,586 Resources Expended Chjrftable Actlvltles Parish Share Clergy & Staffing Costs Church Runnin8 Expenses Mission Giving and Donatlons Deanery and CTIS Church Improvements Repairs and Renewals Total 60,718 1,858 19,225 9,578 158 60,718 1,858 23,429 9,578 158 26,184 20,386 142,311 63,170 1,632 22,162 8.575 147 55,957 15.675 167,318 4,204 4,364 6,147 102,048 21,820 14,239 40,263 Exce of E¥pendltur¢ Over Income Transfer between funds Net movement of lunds Total funds brought forward Total funds carrled fofward 14571) 4,788 13,783) 118 732) 18,571) 11,8521 110,4231 4,788 19,380 24,168 13,783) 17,528 13,745 118,732) 36,260 17,528 27