Docusign En¥ÈlopÈ ID". F6A16017-FAF946F5-9F47-E3C67BEA22B9 STORRINGTON 1ST MARVS} PAROCHIAL CHURCH COUNCIL ACCOUNTS FOR THE YEAR ENDED 31 DECEMBER 2023 Trnstees. ADnual Report and Rnancial Report The Parochial Church Counal of the Ecclesiastical Parish of St Matys Church, Storrington Registered Charity no. 1164989 For the year ended 31 December 2023 CONTENTS PagÈ 2to8 Trustees, amual report Balance sheet Statement of finanLial activities 10 Notes to the accounts Ilto19 Report of the independent examiner 20 St Mary's aiurch, Church Street Storrington RH20 4LA In(xmbenf.' The Revd. Canon Katliryn Windslow, BTr MP1. (resigned 29 Febrnary 2024) The Rectory, RecEoTy Road, sto3ngtOn RH20 4EF Independent evLomiller. Christine Deacon Bsc (HorLS} FCA cfA Lewis Brownlee (CF&chester) Lirnited Appledram Barty Birdham Road, Chichester, P020 7EQ Bonkers." LIoy(lo Bank PLC, W Box 1000, Andover BXI ILT
Docusign En¥ÈlopÈ ID". F6A16017-FAF946F5-9F47-E3C67BEA22B9 I UP<NIYiilUI¥ Ièl MAKY"OI YAk(VmIAL btlURCH COUNCIL ACCOUNTS FOR THE YEAR ENDED 31 DECEMBER 2023 St Marfs Chwch, Storrington TsteeS, Annual Report for 2023 Aim and PuOseS - 'Faith, Hope and Love, in Storrington The primary obiective of S. is the PTomotion of Christianity according to the doctrines and practÉces of the Church of England. The PCC has the responsibility OE Co-operating with the incumbent, the Revd. Canon Kathryn Windslow, in promoting in the ecclesiastical parish ttie whole n)ission of the Church". pastoral, evangelistic, So1a1 and ecumenical. The Rector of St Mtys, Canon Kathryr, Windslow, was assisted in the e of the parish 0£ Storrington by R. d. Rupert Toovey, NSM Assistant Rector until 30 November 2023. Rupert was licensed to the parish in September 2018. The parish blessed to have the generous support of several retired priests: Revds. Charles Hadley, and John and Jacquie Peal. Mrs. Viv Sknart, Parish Adnlltrat0r, gives invaluable assistance with the admirristration OE the ?arLSh. Objectives and Activities The PCC is committed to enabling as rnany people as possible to worship at Out church and to become part 0£ our parish coThmunity at St Mary. The PCC maintains an overview of worship tFsoughout the parish and makes suggestions on how our services and activities can inTiolve the many groups that live within our parislL Our services and worship put faith into practice through prayer and scripture, musAc and sacrament. When r)lanning oui activities for the year, the incurnbent and the PCC have considered the Charity Conimission's ¥aid3nce on public benefit and the speci&ic guidance on 'charities for the advancenient of religion,. We try to enable local people to live out their faith as part of our parÈsh conununity througlL' Worship, preaching and prayer in seryices; learning about Christianity thxotsgh study groups; and developing their kniowledge of, and trust in, Jesus. Provision of pastoral care for people living in the parish, following illness, bereavement and other'l:fe events,. Activities foI the con)morL good of our community, suchas the twice-monthly in the Church, Sunday Lunch Club, and SDACE - a place Eor people 0£ all ages to enjoy doAng and crafts, support for Fajnily Support Work and the viIlatre Food Bank
Docusign En¥ÈlopÈ ID". F6A16017-FAF946F5-9F47-E3C67BEA22B9 STORRINGTON {ST MARYSI PAROCHIAL CHURCH COUNCIL ACCOUNTS FOR THE YEAR ENDED 31 DECEMBER 2023 Misslonary and outreach work worktng w2th among others, Storrington Prinwty School and Steyning Grantsnar &hoo' at Rock Road, uniform organisations such as scouts and Guides, Ai-, Cadets, and the British Legiorn Canon Kathryn is the Chaplin of the Air Cadets. To facilitate this work, it is importsnt that we maintain the fale OE the buitding 0£ our church of St. Mary, StOlTington. Achievements and perforniance Worship and Prnyer The PCC aims to oEEer a ranoe 0£ Church Services during the week and over the course of the year that our cornmunity finds both bendicial and spiritu8Jly £ulfil]ing. All are welcome to attend our retrular services. St Mary's has a rich music& tradition under the excellent guidan of our Mugic Director, Stephen Bloxham and Deputy Director, Ian Miles. There is a good and very committed choir, who are always willing to try new music. We hold a Communion Serrice on the first Wednesday morning of the month and on the Eourth and fifth Wediiesday afternoons. This service along with 8arn Holy Communion on Sunday and Eversonu knvice a month provide a quieter and more intimate and refiective envlloli ment for worshÈp whilst our 10am services on Sundays give adults and children the opportunitir to take part in a more outgoing Style of worshtp. chCh@4 is aimed at young faxnilies and has a much more infonnal style and incoryorates craft activititss for young cbildrerL This is currently in abeyan. Usual attendance at all Sunda-o services aVrageS 82 adults and 8-10 on live streaming. Easter and Christmas attendance for 2023 was up on the 2022 level. Numbers are slowly climbing back to pre-pandemic levels. There were 219 parishioners on the church electoral roll, 89 of whom not resideiit within the parish. 7 names "5vere added during the year and 14 were removed either through death or because they moved away from the area. In 21n9 the electoral roll was cornpletely revised, resulttn(T in a sigDificantiy decreased number on the roll, but repiesenting a more realistic itst of church members. As well as our regular services, we enable our cornmw)ity to celebrate and thank God at milestones of the journey tLrough life. Thiough Baptism we thank God for the gift of lrfe. In 2023 there were 8 baytisnis and O weddings. Thioughfuneral services friends and family express their grie," and oive thanks for the life which is now complete in this world and we commenc tiie person wlio has died into God's keeping. The dergy took 14 church ftmerals and c*llOther 8 services at the crematorium or fillieral chapel.
Docusign En¥ÈlopÈ ID". F6A16017-FAF946F5-9F47-E3C67BEA22B9 STORRINGTON 1ST MARYS} PAROCHIAL CHURCH COUNCIL ACCOUNTS FOR THE YEAR ENDED 31 DECEMBER 2023 There were also 13 buriajs ol ashes in St Marfs churchyard. This is the only burial ground for the whole of Stor,Ington. The Church building Our church is normally open during daylight hours as a Warn Space ana it is used by people seeking space £or prayer and r&°1ection as well as regLdarIy by visitOTS to the South Downg National Pari<. As one of the largest buildings in Storrington, the chch is also used to hold concerts which we hoFe to cater for inany musical rastes of people residing in the area whettier members of the church or D.ot. In 2023 there were 4 concerts, but none in 2022. The Quinquennial Inspection by our Inspecting Architect was c8nied out in 2021 and we ajitiapate that followitr +lliat inspection work on the £abric of the church will be needed to be undertaken in accordance with recommendations of that report. The Rectory Office The PCC is responsible for the repairs to the Rectory Office, the administrative hub OE the parish which is in reasonable order. 9 Longlond Avenue Our Stipendiary Curate moved from this house in September 2018 when she left the paxisFL The PTopeTty is let oil a renewable one-year tenancy £rom 30 January 2019. The rn05t current renewaI of th lease on 31 January 2024. Pastoral G7re The pastoral care of people 's a core part of what it is to be a ClstIan churth To this end in 2017 we chose and hGLve trained a teatri of people as ministers of prayer and healing, known as the'st LLTrke's Team,. Every third Sunday of the month at the 10am service mernbers of the teary. are available at the back of church for the laying on of hands and prayers for he&Jing Eor anyone who wishes to avail theThLselves of thfis ministy. The team meets moD.thly for a time 0£ Eurther learnin& refiection and prayer. The small team of people who take Con&union to the housebound has lessened dtie to the pandeniic. As a churciTr we also continue to collect for Family Support Work '. In 2018 a new Pastoral Visiting Team was chosen and trained. Members of the Tearn vtsit the ill and housebouna, or support the bereaved, or those with new babies. We are particularly aware of the needs OE a growintr elderly and isolated population in an area often chosen for retirement
Docusign En¥ÈlopÈ ID". F6A16017-FAF946F5-9F47-E3C67BEA22B9 STORRINGTON {ST MARYS) PAROCHIAL CHPJRCH COUNCIL ACCOUNTS FOR THE YEAR ENDED 31 DECEMBER 2023 Mission artd Evortgelism Church@4 'Church@4', the church's monthly Sunda-y group for young people, has c105ed for the time being. This decision wÉll be kept under Teview. Study Groups Skndy and Bible Study Groups meet on Wednesday afternoons and Thursday rnornings, and both met regularly during 2023. Churchyurd The voluntary Churchyard team entered the Jouth and Southeast in Bloom awatds, obtaining a gold award and best in category in 2023 - an excellent result very justly deserved. Community Over the last £ew years, the -hurch has been tssed by Stonington Primary School and the l(Kal nursery school as tthey find ou about places in the local community. The Rector went to the school in frebruary 2023 to talk to Year 4 about the BAble. In October all the juniors (240 ildren} carne to Churdi for a Harvest SenTice. In December the Yeax 6 children came and sang carols at the Café in the Church which was enjoyed and appreciated by all. Scouts, Beavers, and Cubs came to church for a Carol service and a Moving up, ceremony as well as attenciip,g the Annuaj RemeAnbrance Service with Brolvnies, and Guides and Air Training Co:'ps. The .3 Heralds" the church znagazine Lor Storringtory Thakeham, Sullington and Warminghurst contains details of our churcbL services and auistian messages, as well ". as local community inforrr.ation. It is widely read and enjoyed throughout the p1$h and adjacent area by mernbeis of the congregations and others. The circulation is more than 800 copies. Revd. Rupert Toovey, through klls business at Tooveys Auction Rooms, has a very . active pastOTal and rnissional ministy in the local community of StOlThgt0n and across the country. In 201. Rupert was appoiil ted Deputy elltenant of West Sussex - a great honour. Ecumenica2 relatioptships We join Christians in Storrington to provide a monthly Sunday lunch for elderly
Docusign En¥ÈlopÈ ID". F6A16017-FAF946F5-9F47-E3C67BEA22B9 STORRINGTON (ST MARY'S) PAROCHIAL CHURCH COUNCIL ACCOUNTS FOR THE YEAR ENDED 31 DECEMBER 2023 members of the community, a5 well as a monthly midweek lunch for elderly SigIe people. We she a montEay short prayer service with other denominations at the Catholic Church. We also join ChristiarL% in Storrington for a service of Carols in the middle of Storrington at CbJ"sfmas. and for the G(M)d Friday PI(Kessio Revd. Charles Ha(lley's Work with Chemin Neuf meant that we have devdoped closer IiT&s with this religious eonununity, and occasionally at a Sunday service we host young people Erom di&£erent pts of Europe. We have in place policies on followin¢r matters". CompIaints Handling Confidentiality Confiicts of Interest Data l)rotection Equality Inveslrnent Risk Management Safeguarding of Children and Vulnerable Adults Volunteexing Policy and GuiQance for voluteerS Finanaal Review We have shown a ddicit on unrestricted funds OE £8,077 after reCVing legactes of £6,036. Without these we Wold have a deiicte of £14113. After the Endowrnent Income of £11,074 we have an overall surplus of £2,997. Like many parishes we rely On legacies Eor our SUTvival. ch Expenses have increased during 2023 by juEt over £2,O¢K). The largest expense remains the Parish Share which was in excess ot £73,000. This amount covers the housin& stipends and, Pension costs of clergy and a sum for Central Diocesan costs, Clergy training and a contribution to Centr&, Church hmd-. The only movement on Restt"icted Funds is the spending of £370 from the Rector's Fund. We also received interest on the G & E Robinson Fabric Fund of £2AOI. The decrease in the Endowment rLnd amounted to £9,247. ReseTves Policy Currently we have sufficient restricted rLsenTe5 for two to three years of foreseeable operating deficits, but the PCC will need to keep this under review. We currendy have three months, expenditure in General Reserves which exceeds the Minimum requirement of two months. We do, however. have su£ficient cash reserves to meet ow imn]ediate needs and could if necessary use the De51gnated Reserve of £40,000.
Docusign En¥ÈlopÈ ID". F6A16017-FAF946F5-9F47-E3C67BEA22B9 STORRINGTON {ST MARYSI PAROCHIAL CPEURCH COUNCIL ACCOUNTS FOR THE YEAR ENDED 31 DECEMBER 2023 Volunteers We w0d like to thank all the volllnteerJ wno work $0 hard to make our church the lively and vibrant cornmuiiiy it is. This enables us to avoid the costs of employtng additional people. Stntcture, govemance and manasement Membership of the PCC is detennined uTr,der the Church Representation Rules under which the Mem1shIp con>ists of certain ex-of£icio members (the incumbent and one licensed minister), the churchw3xdens and members 0£ the Deonery, Diocesan Dr GeneraI Synods and 13 meTr.bers of the chuTcIL All those who are members of ollr congregation or attend our sernices are encouraged to register on the Electoral Roll and stand for election to the CC. Every year five members of the congregation are elected to the PCC at the Amual Parthla1 Church Meeling (APCM) and these Eive members hold office for a period 0£ three years. PCC members &-e responsible Trustees for making decisions on aIl matters of general concern and importance to the parish induding on how the hmds of the PCC are to be spent. Viembers of the congregation are warndy encouraged to stand for election to the PCC and we ty to ensure a balance of skills and experiente where possible. The Eull PCC met 6 times during 2023 and the average number of PCC members attending was 12. SuErfonirYLittees met betV4een meetings and minutes of their delibatiOnS were received by the full PCC and discussed wheze necessary. Administrative inforniation St Mary's Church is situated Èn Church Street QtorTington. It is part 0£ the Diocese (if Chichester. The correspondence address is The Rectory Office, Rectory Road, Storrin#on, RH20 4EF. The PCC is a body corporate (PCC Poweis Measure 1956 as auLended and Church Representation Rules 2006). Lt ts registered with the Chlty Corrnnission under Number 1164989. Lewis Brownlee (Chichester) LÉmited have appointed as Independent Exaniiners EOT the year to 31 December 2023.
Docusign En¥ÈlopÈ ID". F6A16017-FAF946F5-9F47-E3C67BEA22B9 STORRINGTON 1ST MARY'SI PAROCHIAL CHURCH COUNCIL ACCOUNTS FOR THE YEAR EWDED 31 DECEMBER 2023 During the yeax the Eollowin¢y seryed as rnembers OE the Parochial Church Council: . Ex Officto fftembers Revd. Canon Kathryn Windslow (Resigned 29 February 2024) Revd. Rupert Toovey (Resigned 30 November ?023) Mr Dennis Cowdrey (Resigned 2 May 2023) Mrs Christine Tuson Rector Hon. Assistant RectOT Churchwarden Vice Chair Churchwarden Vice Chair Mx Michael Taylor (appointed 2 May 2023) Elected MÉmbers Churchwarden Elected until 2024 Elected until 2025 Elected until 2026 John Coventry (Resigned 2 May 2023) Barbara Buchanan Susa[e ter Stephen BLoxham verie Rice (Resioned 30 September 2023) Jacqueline Lee MarbJn Freeman Roseinary Humphries Dennis Cowdrey . David liice [ohn Taylor Tane Porter Alison Msles Jane Porter, Alison Miles and John Taylor were appointed on 2 May 2023 Deanery Synod (holding office until l June 2024) John Taylor(Resigned 2May 2023 Gweii Fisher Sonia Fox Cbxistine Tuson Briar, Elphick (Resigned 2 M&y 2023) Custodial Tntstee The DieSe of Chichester cicts as Custodkal Tntstee and holds the investments on ' behalf of the PCC. This Trustees, Annual Repor- was approved by the PCC and signed on their beha]£ by Mrs Christine Tuson PCC Vice-chair. Date: 3 April 2024 . Christine Tuson .
Docusign En¥ÈlopÈ ID". F6A16017-FAF946F5-9F47-E3C67BEA22B9 STORRINGTON {ST MARYS} PAROCHIAL CHURCH COUNCIL ACCOUNTS FOR THE YEAR ENDED 31 DECEMBER 2023 BALANCE SHEET AS AT 31 DECEMeER 2022 Nots 2023 2022 FIXED ASss Investment property Investment Sets Tangible assets 560.000 470,708 479,955 1,030.708 1,039..955 ¢URRENT ASSETS Debtors Prepayments CBF DeposrfL ac¢tsunt Osh at bank 8rKI in h8nd 3.824 .324 173.334 2fj.3 2,568 1,725 193.392 4.253 CURReNT LLABILJTIES 209,7 201.938 Craditors and accrued expenses 7,643 4,874 NET CURRENT AssErs 202.092 NET ASSETS 1,237,019 FUNDS nresiri Geneial Fund 74,058 Designaw Funds.. Property Fund Oevel¢pment Fund 560,000 40.000 560.000 800,000 6(K>,000 eStt und G & E RoDinsoft Fabric Fund Tower C8pital Project Rectorfs Qiscretw)nary Fund 674,058 71,061 54,722 20,000 13.312 52.321 20.LMJD 13.e82 88,034 End Trustee Account 470.708 479.955 TOTAL FUNDS 1.237 Q19 the Funds are hekl i8 $ out n Not 2-5. Approved by the Parochial Chur¢h Council on 3 April 2024 and signed on its behalf by- Christine Tuson The notes on paggs 11 to 19 fonr part of these aC.tS.
Docusign En¥ÈlopÈ ID". F6A16017-FAF946F5-9F47-E3C67BEA22B9 'HURCH COUNCIL ACCOUNTS FOR THE YÈAR ENDED 31 DECEMBER 2023 STATEMENT OF FINANCIAL ACTIVETIES FOR THEYEAR ENDED 31 DECEMBER 2023 Unrestricted Funds Restrtrted Funds Endowment Funds G*seral Designa 2023 2022 INCOME FROM: Don8bons andkgaeS 78,S02 78.502 1>0,881 Church a¢frwfr&s 4.631 Investmerts 21,595 2.401 11,074 35,070 0th8rwrces 10 15.880 15,680 TOTAL INCOME 11.074 143.883 EXPENDtruRE ON: CIFur¢h achvitses 132.E75 370 133,Q45 Rèpaffr works 12 5,810 '.5,316 TOTAL EXPENDITURE 128,485 370 138,855 13B,SSQ N8tlntx)npeJ(expenditu) before gains on investments 18.07 2.031 11.074 5,028 Netgains on invesfvnents and (Decreasé?rtncr&8se in v8ltsatson 19.24n 19.24n NET INCOME 18.Qf 71 2,031 1,824 14,2191 164.1g6 TnSferhèheffi fund5 11.074 111,0741 NET MOVEME14T IN FUNDS 2.997 2,031 19,247) 14.2191 ReconGili8tion offvnds.. eROUGHT FORWARD 1 January 2023 71,oei 800,ODO 88,0 479,955 1237.01> 1.072.823 TOTAL FUNDS CARWED FORWARD 31 De¢ember2023 74,058 00.000 88.034 1.232.800 1.237,019 io-
Docusign En¥ÈlopÈ ID". F6A16017-FAF946F5-9F47-E3C67BEA22B9 STORRINGTON (ST MARYS) PAROCHIAL CHURCH COUNCIL ACCOUNTS FOR THE YEAR ENDED 31 DECEMBER 2023 l. AccouDmNG POUCIES Basis of preparing the financial statements The financial 5tateFnents of the charity, which is a public benefit entity under FR5 102, have been prepared in accordance with the Char(ties SORP IFRS 1021 'Accounting and Reporting by Charitie5: Statement of Recommended Pr3ttLice applicable to charities preparing their accounts in accordance with the Financial Reporting <tèndard applical)le in the UK and Republic of Ireland IFRS 1021 (effective l January 20191,, Financial Reporting 5tondard 102 'The Financial Reporting Stsndatd applicable in the UK and Republic of Ireland, ar)d the Charities Ad 2011. The financial ststsments have been prepared under the hisiorical cost convention except for investments which are included at market value, as modified by the revaluation of certain assets. The Financial Ststements have b.een prepared in Sterling and are rounded to the nearest £. Fund5 Unrestricted Funds These represent the funds of the PCC that are not subjert to any restrictions regarding their use and are availzble for appIltiOn on tkie gene1 purpose5 of the PCC. Funds designated for a pèrticular purpose by the PCC are also uni egtricted. Funds lSed for specific purposes are held in a restricted fund. Restrirted Funds These represented funds given or raised for specific purposes as set out on the Balance Sheet. Endowment Funds These comprise those bequests to the PCC where the capitsl sum must be used to provide income for the General Purposes of the PCC. The Capital may not be applied for any other purpose. The atcounts include all transactions, assets and Ilabilitie5 for whlch the PCC is responsible in law. They do not include the accounts of cFiurch groups that owè their main affiliation to another body or those that are informal gatherings of church members. Inmme Voluntary income ond copitalsour¢es Collections are recognised when received by or op behalf of the PCC. Planned giving receivable under Git Aid is recognised only when received. Income tax recoverable on Gift Aid donations is recognised when the income is recognised. Grants and leg3cies to the PCC arL? accounted for as soon as the PCC is notified of Sts legal entitlement, the 3moLFnt due is quantifiable its ultimate reelpt by the PCC is reasonably certain. Funds raised by the fete, garden p-rty and similar events are accounted tor gross. Sales of books and magazines from the ehurch bookstall are accounted for gross. Other income Rental income is recognised when the rental is due.
Docusign En¥ÈlopÈ ID". F6A16017-FAF946F5-9F47-E3C67BEA22B9 STORRINGTON 1ST MARYSI P ROCHIAL CHURCH COUNCIL ACCOUNTS FOR THE YEAR ENDED 31 DECEMBER 2023 Incomefrom investments Dividends are accounted for wliei due and payable. Interest entitlements are accounted for as t.hey accrue. Tax recoverable on such income is recognised in the same accounting year. Goins Gnd1055es on investments Realised gains or losses are recognised when imiestments are sold. Unrealised gains or losses are iccounted for on revaluation of investments at 31 December. Expenditure Grants Grants are accounted for wheil paid over, or when ?warded, if the grant award creates a binding" obligation on the PCC. Activities dirertly relating to the work oAthe Church The dioces3n parish share is t7CcUnted for when paid. Any parish share unpaid at 31 December is provided for in these accounts as ari opetIOnal Ithough nut a legall liabilityand is shown as a creditor. in the Balance Sheet. Fixed assets Consecr4rtedproperty andmovable churchfvrnishings Consecrated and beneficed property of any kir¥d is excluded from the accour)ts by s.102121 lal and Icl of the Charities Art 2011. Movable church fumishings held by the Rettor and Churchwardens are listed in the church's Inventory. InvestmentProperty The House at 9. Longland Aveii ue was purchased by the PCC in 1996 at a cost of £101,500. This is . owned by the Diocese of Chichester a5 CUStodial Trustees for the PCC. Until September 2018 it':was occupied by the Curate and h3s been let from 31 January 2019 on a one yearfs lease. This has b'een extended on a short-term basir his property is now treated as an investment property. Fixed a$5et property The Church Office and Carport Vias completed in 1996 at a totdl cost of £59,386. They are situated in the grounds of the Rectory which is not owned by th£ PCC and have no realisable value. This cost has been written off. Both properties werÈ acquired b'< using the very generous Legacy left to us by joy Brett. The parish also owns a Ple cf land known as the 'Bell Acre, adjant to Ryecroft Lane. which.wa5 . fornierly used as allotments aiid which is being ¢onsidered for developmenL This is owned by. the Diocese of Chichester as Custodial Trustee5 for rhe PCC. Otherfixture5. ffttings and office equipment Furniture used within the church premises is depreciated on a straight4ine basi5 over 5 yéars. ElecEronic equipment Icomputer hardware. software etcl is depciated on a straight4Fne basi5 pver 3 years. Individual items of eouipment with a pb'rchase price of £500 or less are written off when the asset is acquired. 12-
Docusign En¥ÈlopÈ ID". F6A16017-FAF946F5-9F47-E3C67BEA22B9 STORRINGTON {ST MARYS) PAROCHIAL CHURCH COUNCIL ACCOUNTS FOR THE YEAR ENDED 31 DECEMBER 2023 Investments Investments are valued at market value at 31 Dernbr. Current assets Amounts owing to the PCC at 31 December in respect of fees, rents or other income are shown a5 debt0 less provision for amounts that may prove vncollectible. Short-term deposits include cafh held on depos":t either with the CBF Church of England Funds or at the bank. 2. INVESTMENT PROPERTY Total Valuation At ljanuary 2023 At 31 December 2023 560 000 The property is held as a designated fund. The property has been rented out since 31 January 2019. The market value of the Investnent Property was determined in January 2023 and again in janary 2024 by a suitably qualified Est.ate Agent. The value hasn't significantly altered during the year. 3. INVESTMENTS C8F Church ofE land Astrnzenec Total MarketV31ue at lJanu?ry 2023 115.258 364.697 479,955 Revaluation Gain.Ilossl 10,844 120.0911 19.247) Market Value at 31 December2023 126,102 344.606 470,708 Original Cost 27.Q48 1.625 The above investmeAts all rela*e to the Endowment Fund. 13
Docusign En¥ÈlopÈ ID". F6A16017-FAF946F5-9F47-E3C67BEA22B9 STORRINGTON {ST MARYS} PAROCHIAL CHURCH COUNCIL ACCOUNTS FOR THE YEAR ENDED 31 DECEMBER 2023 4. TANGIBLE FIXED ASSErs Office Furniture and Equipment Total COST As at lJanu3ry 2023 8.912 8,912 As at 31 December 2023 8,912 8.912 DEPRECIATION As at lJanuary 2023 8.912 8,912 A5 at 31 December 2023 8.912 8,912 NET BOOK VALUE At 31 December 2023 At 31January2023 There is no c05t included in the fixed assets for the land known as 'Bell Acre, which wa5 left to the parish. S. ANALYSIS OF NEf ASSETS BY FUND Unrestritted Fuids Geer81 Designated Restrlcted Funds Endowment Fund Tangible Fixed Assets 560,000 560,000 Investment Fixed Assets 470.708 470,708 Net Current Assets 74,058 40.000 88.034 202,092 Fund balan5 74.058 6C,0 88.034 470,708 14
Docusign En¥ÈlopÈ ID". F6A16017-FAF946F5-9F47-E3C67BEA22B9 STORRINGTON (ST MARY'S) PAROCHIAL CHURCH COUNCIL ACCOUNTS FOR THE YEAR ENDED 31 DECEMBER 2023 Designated (Unrestricted) Funds The Designated Fund Repairs fund of £40,000 has been created from unrestrlcted legacies towards the planned future developmeryt of the Church and its facilities. Restricted Funds The Restrieted Funds represent= The late Edna Robinson bequeathed a sum of money to the Church "for use on Capital Projetts onlf and which, with Èh4J agreement 04 her executors, has been placed in a separate Fabric Fund named after Edna and her husband Géoffrey and may be used for repairs of the Fabric of the Church in an emergency. In 2021 £20,000 was received towards a possible C8pitsl development of the bottom ofrthe tower and £13,682 as a fund for use at the Rectorfs discretion. £370 of the Rectorf5 fund a5 Used in the year. 6 DEBTORS AND CREDtTORS Creditors all relate to Unrestrirtes FLtnds. Unrestrf,.cred Funds Generdl Designated Restricted Funds Endowment Funds Total Debtors and 3,824 1,324 3.824 1,324 Prepayments CBF Deposit Account 45,3 88.034 173,334 Cash at Bank 31.253 31,253 Creditors 17.6431 17,643) Total 74,OS8 40,000 88,034 202.092,,- 15
Docusign En¥ÈlopÈ ID". F6A16017-FAF946F5-9F47-E3C67BEA22B9 STORRINGTON (ST MARYS) PAROCHIAL CHURCH COUNCIL ACCOUNTS FOR TFE YEAR ENDED 31 DECEMBER 2023 INCOME 7 Don81ions an($ tsg8QÈS Planned Giwng Donab"cns ryth GfftAi# Pledge and iegulargwing Direct GNing ColÈGtrons at semces Donations and grfts Le98trieS TOTAL 61.473 2.532 6S,859 2,670 2,532 $,596 1.865 6.036 78.5( 8.59$ 1.865 6.036 5,$29 208 55.615 130,881 8 Inwnye from actrvii?es Fefrs duè to the PCC oxes 2nd bookstall SuThYry naL1rg other intA)me TOTAL 6.304 8,627 50ts 6.095 15.387 9 incx)rne from investrnents In¢ome from PCC Endomnent investrnents Rental In¢(me Deposit and bank Interest TOTAL 11.074 11.074 15,6 8,3S 35.070 10.V85 14.850 1,796 27,281 15.eoo .995 2.401 2.401 11,074 10 Otherlncome Inote121 15,68Q 15.68Q TOTAL INCOME 130,408 1401 11,074 143OB3 173,549 16-
Docusign En¥ÈlopÈ ID". F6A16017-FAF946F5-9F47-E3C67BEA22B9 STORRINGTON (ST MARYS? PAROCHIAL CHURCH COUNCIL ACCOUNTS FOR THE YEAR ENDED 31 DECEMBER 2023 EXPENDITURE Unre5trirted Fund5 General Desi nated Restritted Endowment Funds Funds TOTAL FUNDS 2023 2022 io Church a¢tfv#l8S Min Parish Clergy Assistant Clergy Mainlenance-cl8ryy houses Pirish Corttribution 426 647 93 2.726 7.578 7,578 9.63$ 73.110 73.110 70,298 Interr8gnum 8Xn88$ 8t,207 81.207 .301 Church nd H&•ting. Lighting and Wat&r Insur2n¢ 4,784 4,784 2,812 3.941 2,812 2,556 MainlenanTr of Chjrch 1,494 2.431 Mainten2n of Churchyard Upkeep ofsem Retnuneralion of Organi$ts & Verger Hire of Hal 1684 2.128 370 2.886 10,959 10.959 9,570 1.020 1,020 1,020 2,056 Sundrie5 4.690 4.690 370 30.297 26.588 Secret Cost of LOngn01 Avenue 2,2 2,2 4.219 Pholocopying St8tionery postage & printing Telephone Social Events 1,272 1,272 600 593 1.238 1.238 1.154 1.322 1.322 ki 11 General experbS&S Bank ch8rg8s Inc Conta¢yess payments Independent E¥amineVs fees 838 828 1.531 408 5.187 5,187 2.859 Seuelarial ser¥ 7.560 7,560 7.560 C¢st of Office 998 998 1.6 21.541 21.345 ',32.675 370 133.045 131.234 li M8ior Ilems cost Zoom Equipment 5,810 5.810 TOTAL EXPENDITURE 138.485 370 138,855 136,550
Docusign En¥ÈlopÈ ID". F6A16017-FAF946F5-9F47-E3C67BEA22B9 STORRJNGTON 1ST MARYSI PAROCHIAL CHURCH COUNCIL ACCOUNTS FOR THE YEAR ENDED 31 DECEMBER 2023 12. Other Income Other income includes £13,530 towards the cost of the louvres and Sound System12022 £01. 13. STAFF COSTS During the year, Secretarial 3SSIS"iance was provided to the PCC at a cost of approximately £7,56Ci 1£2022 £7,5601 and a total of £10,60912022 £10,7401 was paid to the choirmaster, other organists and the vergers. There were foul employees. 14. DISCLOSABLE TrANSACTIONS There were no disclosable tTrnsactions in respect of PCC members, persons closely connerted wjth them or other related parties. Two trustees received £5,81912022 £2.6701 (included in figures abovel. FourTrustees receivect refunds of expenses incurred of £4,50712022 £3,678). 15. GOING CONCERN The PCC does not have unrestritted funds to cover six months expenditure. However, the PCC have considered the position having coltrolled expenditure and anticipating a full yearf5 rental income from the property with reduced :0sts for that propertv. The trustees are satisfied that the going concern basis for the preparation of the accouhts is appropriate. In reaching this conclusion, they hove tonsidered a period of at least 12 months frorn the date of signing the balance sleet. 18
Docusign En¥ÈlopÈ ID". F6A16017-FAF946F5-9F47-E3C67BEA22B9 STORRINGTON (ST MARY"S) AROCHIAL CHURCH COUNCIL ACCOUNTS FOR THE YEAR EblDED 31 DECEMBER 2023 16. COMPARATIVE STATEMENT OF HNANCIALAcfiviTIES 2022 Jnrestri ed Funds Restritted Endowmen General Desi nated Funds Funds 2022 Income from Donations and Legacies Church Activities Investments Other Sources 130,881 130,881 , 15,967 679 10,635 27.281 162,235 679 Expenditure on: Raising Funds Church Activities Repair Works Total Expenditure 10.635 173,549. 1,500 2,079 3,579 2,287 3,237 131,234 5.316 136,550 2.287 Net income before gains on investments Net gains on investments Net income Transfer between Funds Net movement in Funds 31.551 12,9001 36.999 60.COO 60,0 67,197 75.545 18,3481 67.197 127.197 164,196, 31,551 8,348 39,899 12,900) 60,COO 12.9001 164,196 19
Docusign En¥ÈlopÈ ID". F6A16017-FAF946F5-9F47-E3C67BEA22B9 CHURCH COUNCIL ACCOUNTS FOR THE YEAR ENDED 31 DECEMBER 2023 Independent examinerfs report to the Trustee5 ofstorrington (St Marfsj Pan)chial Churdp Council . . I report to the trustees on my oxamination of the accounts of storrington 1st Mar¢51 Parochial Church Council for the year ended 31 December 2023 which are set out on pages 2 to 19. Responsibilities ond bJsis of report As the charity trustees of the Trust you are responsible for the preparation of the accounts in accordance with the requiremErits of the Charities Act 2011{'the ACVI. I report in respett of my examinètion of the Trustee's 8ccounts carried out under sertion 145 of the 2011 Act and carrying out my examination l Fiave followed all the applicable Direttions given by the Charity Commission under section 14515llb', of the 2011 Act. Independentexominerfsstoteme,?t I have completed my examination. I confirm that no material matters have come to my attentioft,.in connettion with the examinaiion giving me cause to believe that in any material respett= 111 accounting records were not kept in respett of the Trust as required by sertion 130 of the Act; or 121 the accounts do not accord with those re¢ord5," or 131 the accounts do not comply with the applicable requirements concerning the form and content of accounts set out in the Cth£rities (Accounts and Reports) Regulations 2008 other than any requirement that the accouits give a 'true and fair vieW which is not a matter considered as part of an independent examination. I have no concerns and have corne across no other motters in connertion wtth the examination to-:: which attention should be drawi ',n this report order to enable a proper understanding of the accounts to be reached. Christir)e Deacon Lewis Brownlee IChichester} Limited Appledram Barn. Birdham Road, Chichester, West Sussex. P02 7EQ Oate=