## **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 

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

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

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

3. 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. 

4. 

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 

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

6. 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. 

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

8. 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. 

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

Page **1** of **3** 



||**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<br>congregation, which was very encouraging in spite of the<br>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<br>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<br>deficit was£29,199. The legacy is not included in this<br>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 

Page **2** of **3** 



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. 

Page **3** of **3** 



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••ts*nts
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
1*184
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
1*922
<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 L*Bt
Incomlnq rewrcal
0101.IIIiAd.
0102.()ftAd*
2121￿
213DJ
2.LWAIO
16.8111(KJ
1,131.Lll
3,57&1XI
Z14&56
3A(f*14
107.82
3ALE14
1Q7A2
8OIA7
2.Jurry)
76
291.11
3n79
70
(1104.
0405.Sut*wNrqo*•
a(157￿5
41,711A7
5,324
Ineoftthg r••ouro•¥fr•m dofftorn Tol•l•
41ATOa6
29,482.80
Oth•r volunt•ry rn*ourc••
0103.CW¢3ft1¥d
7.Ll)
4M(X)
8122Q
1AL11
C￿.c1)
,W27
Oth•r Voluntwy In¢* r••owM• Tot•l•
17,748.38
ktlv*h• 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)
21*61¥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%￿. SIFeF*l8 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. OlwFfCpDpetyw*e8p
13- PYnlrvJ &t•"r
24ILK¢
1ffi443
243JM)
1.864A3
37051
4,f*J113
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 LL*ts.a•grf
25D4. HII kn$Lr¥x¥
3Yk5. Wl tD4*.FIL8
1315
1515.
2SLYJ. r£*ts.SJpm1ry
2701. ￿)nt￿l8)￿rIc*r*trydkn
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
S*43
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