2023-12-31-accounts

Annual finance report 2023 All Saints Findon Valley with St Peters, High Salvington Commentary and Notes to the Annual Financial report 2023

1. The Financial statement of the PCC has been prepared in accordance with the Charities Act 2011 and the Church Accounting Regulations 2006, using the Receipts and Payments process/basis.

2. The following assets are recognised but are not valued in the Balance Sheet

3. Movable Church furnishings held by the Churchwardens on special trust for the PCC which require a faculty for disposal.

4. Movable furnishings and equipment which are written off as acquired which are of small individual value and are retained indefinitely.

5. Land and Buildings which are in use indefinitely, the market values of which are immaterial.

6. As the accounts are prepared on a receipts and payments basis, no accrued assets or liabilities are shown. We have assessed the total estimated amount of liabilities at year end, and these are less than £5000, and are considered not material to the overall accounts. These include minor items such as issued cheques not cashed and electricity and gas used since the last payment. These liabilities are in any case counterbalanced by accrued assets e.g. tax recoverable from gift aid, and hall letting invoice payments etc.

Payments to PCC Members

• Mrs Lynda Hawkins in her capacity as Parish Office Manager

• Mrs Heather Symonds in her capacity as Treasurer and Hall Bookings Secretary

• Mrs Jenny Jeffery in her capacity as pianist for All Saints Church, Findon Valley.

• Reimbursement of expenses incurred supporting and on behalf of the PCC.

• Clergy support – Council Tax and Water Bills for 2023

• Our Parish Share to the Chichester Diocese was £46,812, this is for payment of our Clergy and other central costs at the Diocese.

• Overheads for 2023 include increased gas and electric prices, cleaning costs, the general day to day running and upkeep of the church and hall, and these expenses are detailed in the Annual Reports.

• Gift Aid recoverable on donations and regular giving envelope scheme was £8,057.85.

• Legacy – We received £82,000 from the Estate of Helen Butchart. Two new radiators have been installed in the DR room from this money. The balance will support any future repairs needed in the Church or Hall and any work needed to be completed from the quinquennial report, plus a contingency backup. The legacy will also help fund the future outreach and support the community of All Saints Parish, Findon Valley and St Peter’s Church, High Salvington.

• Misson – The church supported Turning Tides and Care for Veterans, Turkey Syria Earthquake appeal, Marylebone Centre

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	2023	2022
Total asset value as at 31stDecember 2023	£196,922	£134,281
Total Expenditure of	£111,134	£106,073
Total Income of	£163,935	£80,247
The total Receipts from Donors, a good increase from the congregation, which was very encouraging in spite of the cost of living crisis.	£41,761	£29,483
Other voluntary receipts received [including legacies]	£88,014	£17,748
Income from activities for generating funds i.e. social events, jumble sale, coffee mornings, hall lettings	£27,753	£26,608
Interest/Income from investments	£3,071	£3,681
Fees for Weddings and Funerals	£3,335	£2826
We set a deficit budget of£57,600for 2023, the actual deficit was£29,199. The legacy is not included in this figure (see item 8)	£29,199	£35,816

The parish operates a main Current account, and a Trading bank account for hall lettings, with HSBC, and deposit accounts with CBF Church of England Investment Fund.

Surplus funds are invested via the diocese in income share accounts with CCLA which is the fund management that the Church of England use. With the £82,000 legacy received in 2023 we deposited £40,000 into our CCLA account in September 2023, and the £42,000 remained in our HSBC A/C which has funded the day to day running of the church, plus a contingency in place to help offset the average current shortfall of about £2,500 a month.

In May 2023, we transferred £8,000 from our Trading account to the HSBC Current account as funds were low.

The CCLA investment accounts have performed better this year, with the fund values increasing for 2023, and this is a gain of £9,841.21 over the three accounts listed below.

The CCLA accounts as at the 31[st] December 2023 are valued at A/c ….5586 - £128,184.26, A/c…. 5089 - £1,278.14 A/c…..5199 - £8,925.99, as shown in the Balance Sheet Report.

HSBC Current account as at the 31[st] December 2023 was £49,164.99 HSBC Trading account as at the 31[st] December 2023 was £6,329.22

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Restricted funds [which must be spent on the defined purposes] are held for Choir, £339 at year end, Flowers £137 at year end.

The Goddard fund [£4436.22 at year end] is used for children and families. From the Goddard fund an enjoyable day was spent for the children and families on a day trip to Eastbourne in August, this account also funded the Silver Band for the Royal Tea Party, which was very well attended.

The Parish has one endowment fund [from which the interest earned may be spent] which is the ‘Garden Fund’ at £1,278.14 valuation on CCLA CB3005089 as at 31.12.23.

Projects identified for 2024

1. The PCC are looking into investigating Solar Panels.

2. Quinquennial Report to be undertaken.

The report from the independent examiner, Mr Ken Elliott of Findon Accountancy is attached at the end of the report.

Heather Symonds Treasurer 13[th] February 2024.

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Annual Financial Report 2023 ALL SAINTS FINDON VALLEY (WITH ST PEfERS HIGH SALVINGTON) All Saints Church Clssbury Drive Findon Valley WORTHING West Sussex BN14 ODT R*tered Cfvrfty no 1163056 For the year ended 3111 December 2023 Heather Symonds. Treasurer. Aprfl 2024 All Salnts Flndon Valley (wlth St Peters H￿• Salvin8ton)

ANNUAL FINANaAL REPORT 2023 Section Statement of Financial Activities Balance Sheet ststement of Assets and Liabllitles Fund Movement Summary Analysis of Receipts and Payments Commentary and Notes to the Annual Financial report 2021 Receipts and Payments agalnst Budget Independent Examiners report 10-12 13 14 Web51te: allsalntsthurchfindonvalley.co.uk Incumbent: Reverend Andrew Cunnln8ton 29 Central Avenue, Flndon Valley. WORTHING. West Sussex BN14 ODS Independent Mr K Elllott examiner: 6, Summerftelds. Findon, West Sussex BN14 OTh 8anker5: HSBC UK I Warwlck Street. Worthln& West Sussex BNII 3DE All Salnts Flndon Valley (wlth St Peters Hlgh Salvln8ton)

•Jl S•¥ts Chur¢h Cla68 •nd nomlnal eod• G•Mr•l (Unrestrict•dJ Clesffjnat•d R•strlcied &do￿n•fit Totsl Last ￿•r Flxed a#•t- In¥e•lm&nts Xx)1￿.￿n￿ts rKs431 1339.43) Totsl Ftr•d w•i. knv••tsnts 925.99 &4542e 1AtsA44 t.27&14 1210A9 128.18428 78.Wd.33 1.51W 13e,MO.39 88.547.18 Pl 128.184 Tatsl 131.791.39 3&56 Curr•nt A•••t. Cmh 118•mk &md kn Al￿1". A1fA)5.. Lnkkt£ort A151tr. Af515.. Sdnts 7&7Wi24 137W41 6.441 47,38921 33BS2 4W1 la12243) 101.7r 691413 A1525.. CBFkn&tsII 61031￿2D A1W. (￿c￿r61[￿a A1&15..C8FUrAbik1wJ61Q21 (Z716A6) 2716A6 5.(97Ae 58.SJ4.21 45.T33.77 Tot•1 44.37&76 •.4M75 5.701.70 110m7.n •AS6.76 (OTT 1,510A4 191,922.60 134280.96 R•pr•••nt•d by 1W27.T2 1N827.72 117.172.C 129174 1292.74 1W74 (1￿Jn (W1.E41 {184-32) 184.321 3.360.00 307529 1451SSI 1891J)4 4KQ12 4.W12 {4fil￿ 13&56 13656 5fi1987 (8.781 119A8) 4619J7 sa7￿5 1&78 <8.781 11YA81 119A81 f,WA4 I.WA4 1,SaOA4 19q921BO 134380.95 Total 110W.T2 8AX75 ¢077m pFdJw￿4￿JW￿1P￿l d1

Salrts Church 31n2r2Q3 IrA 3111W2022 Flxed aM•ts 92& 127&14 1184 8hS4.26 1210 13U88.a 84547.18 Curr•nt aM•ts 47289 eJ39a 33,&5202 914 $.(97Ae Totsl &ThAt •wts 5W421 45,733.77 U•bllStl•• T￿￿4 Uablllll•# I9￿922.60 1342ao.98 R•Mrv•• P5,725.S31 1n.011e4 It7m7.1ei 121 Totsl ?4￿r¥•• 1gV22.60 131.280.95 117,17109 167&75 8￿?1.67 1M)A4 1343•JJS 8A5&75 1922 <2 FthHy 3Y24 1152 Py l ¢X 1

Al Salnts Church For the ￿rIOd 01 January 2023 ta 31 Do￿Tr￿f 2023 I63￿ 80047J) 111,13 1W,07ZTJ 11024141 ¢nsloss8soninwBknenta$8 904121 9,81121 117.0)7.iei ai641M 142.711 IAIOA4 13488￿15 t￿827. 117.172 9dFl8sNp 1292.74 129174 200.CX> PM01.S41 3T) P1.SplrfbA .371 1184y21 13910) 325 4.1)23.12 187529 1451MI 1461S61 1.C slc Pasbjrd 4m12 (451 156251 654 6A73 18.781 119A81 &619S7 (&781 M69knr 5M19A7 18.781 119A81 1,5gJA4 P Fd>iwZW F¥nl Py 1 rf 1

Ilg. 1.1,

J Satrts c￿NCh Total G•n•ral Re•trt¢ttd Endowhrnnt Thls y•ar LBt Incomlnq rewrcal 0101.IIIiAd. 0102.()ftAd 2121￿ 213DJ 2.LWAIO 16.8111(KJ 1,131.Lll 3,57&1XI Z14&56 3A(f14 107.82 3ALE14 1Q7A2 8OIA7 2.Jurry) 76 291.11 3n79 70 (1104. 0405.SutwNrqo• a(157￿5 41,711A7 5,324 Ineoftthg r••ouro•¥fr•m dofftorn Tol•l• 41ATOa6 29,482.80 Oth•r volunt•ry rnourc•• 0103.CW¢3ft1¥d 7.Ll) 4M(X) 8122Q 1AL11 C￿.c1) ,W27 Oth•r Voluntwy In¢ r••owM• Tot•l• 17,748.38 ktlvh• In fvTth•v￿￿ ofth• PCtr• )l¥•cl¥ 1101.F¢es Ivltl•• In furth•ranc• otthe PCV• oW¢J T￿10 lJSS•)O ),335.0 2.82&56 749J1 79J.11 128US 22,104.12 7XS.11 1￿45 10&12 IK#)1.18 1,700.(K) 2161¥X) 1201.th hdl 2,18111 2aK49 1A24.16 tlvltle$ for g•n•r•tlng fvAd¥ Tot• 27.753.2O 26.60&04 In¢on Irom Inv•lm•lll• P 2724fr34 rn} W 1 cf 3

Totsl Goneral D•sigfiat•d R•strl¢l•d Endowm•rtt Th18 >ar La$t •8r 3.431A2 11J)3. Inoonw frorn Inv••tTrwnts 28 81 1071.09 3,681.42 Othor I￿0￿1￿9 r•s••r¢ Oth•r Inwnlng r•wurc•s T(•l• 3X.f4 335A guf - 163835.04 80A47.20 Co•ts of g•Mr•llng lund• 1701. C¢4 of4¥4Jtrfj iY13¥ 17CQ.Gxtrl•&<knr• Colts ofyngr•tlnq fund• Totd• 2U79 04Q77 57fL( 85&28 t4128 Qr•nt• fotdl 34128 14128 FlO.00 1,0S&S6 I￿0j)) 1,a10.(hJ 1%￿. SIFeFl8 Qrti 12Tr) 48M7ZLKI 46,81Z 4A58. 1J40.00 Jjo 4.rJxoo 30.L¥J 67.xj 1719￿3 10,93&55 Z201. CJnrNni 24m 439.71 27S) 41221 1.12427 1,￿86 4.athrg 35e&93 Fthwy 2WfA34 2d3

Total 08nar¥l D93ignatad R•¢thti•d Thls ￿&r La8t Jaur 3,086.12 767.85 170.99 1.17 691.17 2,037.76 2311. Z312. OlwFfCpDpetywe8p 13- PYnlrvJ &t•"r 24ILK¢ 1ffi443 243JM) 1.864A3 37051 4,fJ113 82&72 197.12 4A80.68 7T.1 1,713.52 170.OQ 427246 5.59 4fft113 197.12 4￿68 77.10 16122 4.7K07 2. Nai LLts.a•grf 25D4. HII kn$Lr¥x¥ 3Yk5. Wl tD4.FIL8 1315 1515. 2SLYJ. r£ts.SJpm1ry 2701. ￿)nt￿l8)￿rIcrtrydkn ICQ1.14 127.62 127.e2 ttvlt14• r•l•tkng tg th• •1 th• Cl￿re￿ T•t• JW.33 41221 94.309.74 01,810.83 pport CO•t• 10AQ)£ 10,91)0.00 9AMOO &EPPOrt w•t• Tothl 10MI.iIO 9,SMOO 2301.kniThslfali 120.0) fWP9 1,¢￿.79 1,103.03 2314.9thry 1,0218 697. 47&16 S43 10Q 231e. Td8th1￿C 1CII( 4.337.53 4,118.08 11'1,1N.00 106.OTL73 ? FeL¥Lwy 3Y24 &34 PKe 3d3

a513 441J 11 F• a•7 JXO U7F• ti¥.*J) 11,ff m4rm £i&oT J¢ty

This is my report io the Parochial Church Council of the Ecclesiastical Parish (PCC) of All Saints, Findon Valley, on the annual report for the year ended 31" December 20223 respopsiJC ilities of trustees and eyaryklliier The PCC members are responsible for the preparation of the annual reports. The PCC members consider Ihat an audit is not required for this year under section 144 of the nharities Act 2011'("the Charities Act") and that an independent examination is needed. li is my responsibility to: examine the accounts under section 145 of Ihe Charities Act, to follow the procedui-es laid down in +he general Directions giv=n by the Charity Comriission (under section 145(5)(b) of the Charities Act, and Éo siaie whether particular matters have come to tny attenilon. BasÉs of in6?2e.pe&id@4i iy e)fdmiriation Was carried out in accordance Viqlth J3eneral Directions given by the Chariryi .Commission. An examination includes a reviebv of ihe accounting records kepi by the charity and a comparison of the accounts presenLed with those records. It also includes consideraiion of any unusual items or disclosures in the accounts, and seeking evplanations Irom the trustees concerning any such mattars. I he proceduras undertaken do not provide all the evidence that VLioulo be required in an audi"£, and consequently no opinion is given as to Iwhether the ciccouftLS present a 'irLie and fail view and the report is limited to tliose matters set out in the >iatemeni baloijv. indepeiid,ent examaner's stal"ement In connection wiÉh my examina"iion, no matei-ial matiers have come to mil aiten'tion T.) which gives me cause to believe that in, any material respett: accounting records were not kept in accordance with section 130 of the Charities Act or the accounts do not accord with the accounting records I have come across no other matters in connection with the examination to which attention should be drawn in order to enable a proper understanding of the accounts to be reached. Examirierfs S3F5ttd'LUi"e Please delete the words in the (braclcets) if they do not apply fiiamineÈ s nttme CAP:'TALS Rna¥evant qualificaii roicssional n(s) or b dy J&aniE1e¢'s a&iA'k ess