2023-12-31-accounts

Ann.aal Report for 2023
Trustees' Report ..			,6
Fi nancial Year			.6
Investment policy and objectives „..
Reserves policy..
Standing Committee,
Parochial Church Council (PCC)..
Objectives and Activities
Achievements and performance
Independent Examiner's Report tothe Trustees ofThe Parochial		Church Council ofthe Ecclesiastical
Parish ofSt.Michael, Breaston ..
Statement of Financial Activities. .			.9
Balance sheet ..			.10
Statement ofassets and liabilities			.10
Analysis ofincome and expenditure.
INCOME AND ENDOWMENTS. .
EXPENDITURE			.12
Notes tothe financial statements	for the year ended 31"December 2023.....		.... 13
ACCOUNTING POLICIES..			13
Approval			13

								Unrestricted	Restricted	Endowment	Total	Prior year
								funds	funds	funds	funds	total funds
Incomingresources
Incoming resources	from		generated			funds
Voluntary income								112.253			112.253	113,328
Activities for generating				funds				4,591			4,591	5,280
Investmentincome								26,854			26,854	(7,844)
Incoming resources	from		charitable			activities		23,333			23,333	21,132
Other incoming resources								4,462			4,462	4,638
Total income								171,593			171,593	136,534
Resources used
Costofgenerating	funds
Cost ofgenerating	voluntary				income
Charitable activities								166,963			166,963	141,708
Governance costs								696			696	699
Total expenditure								167,659			167,659	142,407
Net income / (expenditure)				resources			before transfer	3,934			3,934	(5,873)
Transfers
Gross transfers between			funds		—in
Gross transfers between			funds		—out
Other recognised gains		/	losses
Net movement in funds								3,934			3,934	(5,873)
Total funds brought	forward							200,251			200,251	206,124
Total funds carried	forward							204,185			204,185	200,251
Represented by
Unrestricted
Designated								20,000			20,000	20,000
General fund								176,780			176,780	172,846
Designated
Church improvement		(h	maintenance				fund	7,405			7,405	7,405
Restricted
Agency collection

Class dtnd code	Description			This year	last year
Fixed assets
	Computer Equipment
	Office Furniture
	Total Fixed assets
Current assets
	Barelays current account- closed Jan 2023				9,464
	Barclays deposit account		—closed Jan 2023
	Lloyds Bank Current Account			10,145	10,089
	CBFdeposit account No		1	29,008	34,008
	1723609Nominal	Treasury Stock
	CBF —Investment	Fund CBF/6121910030		165,393	146,821
	Accounts Receivable
	Total Current assets			204,546	200,381
Liabilities
	Agency collections			(338)	130
	Accounts Payable			699
	Total Liabilities			361	130
	Net Asset surplus(deficit)			204,185	200,251
Reserves
	Excess / (deficit) to date			3,934	(5,873)
	Starting balances			200,251	206,124
	Total Reserves			204,185	200,251
	Represented by funds
	Unrestricted			196,780	192,846
	Oesignated			7,405	7,705
	Restricted
	Endowment
	Total			204,185	200,251

		General	Designated	Restricted	Endowment	This year	Last year
Current assets - Cash at bank and in hand
Barelays current account							9,464
Barclays deposit account
Lloyds Bank Current Account-		2,740	7,405			10,145	10,089
CBFdeposit account No 1-		29,008				29,008	34,008
	Totals	31,748	7/05			39,153	53,561
Current assets - Investments
CBF-Investment Fund CBF/6121910030-		165393				165393	146 821
	Total ~	165,393				165,393	146,821
Liabilities - Agency accounts
Agency cogections-		338				338	130
	Totals	338				338	130

										Total
				Unrestricted	Deaf nated	Restricted	Endowment	This	ear		ar
INCOME AND ENDOWMENTS
Incoming resources from generated		funds		-Voluntary	income
Gift Aid - Bank				78,892				78,892			81,372
Gift Aid Collection				100					100		971
Other planned giving				1,740					1,740		2,501
Loose plate collections				5,137					5,137		5,809
Church Re-Ordering Project
Flower Festival Income				140					140		50
Gift Aid											15
Young Church & Sunbeams				568					568		1,260
Casua I Gift Aid
Tax recoverable on Gift Aid				19,989				19,989			20,887
Legacies				5,000					5,000
Non-recurring one-off grants
Other funds generated				787					787		463
	Tata		I	112,353				112,353			113,328
Incoming resources from generated		funds		- Activities for generating		funds
Magazine income - advertising				2,362					2,362		3,040
Parish magazine sales				2,229					2,229		2,240
	Total			4,591					4,591		5,280
Incoming resources from generated		funds		- Investment	income
Dividends and increase/(decrease)	in			18,573				18,573			(14,721)
investments
Bank and building society interest				1,393					1,393		227
Rent from lands or buildings				6,888					6,888		6,650
	Tota		I	26,854				26,854			(7,844)
Incoming resources from charitable		activities
Renew Wellbeing donations				1,430					1,430		123
Fees for weddings and funera Is				2,539					2,539		4,331
Church hall lettings - objectives				19,364				19,364			16,678
	Total			23,333				23,333			21,132
Other incoming resources
Youth Worker				4,462					4,462		4,638

Costofgenerating f	unds - Co	st		ofgenerati	ng voluntary income
Othe r Restricted
				Total
Charitable activities
Flowers for Church					23	23
Giving to missionary	societies				4,420	4,420	5,915
Giving- relief and development		a	gencies
Home mission					3,240	3,240	5,548
Mission projects - expenditure					456	456	554
Renew Wegbeing					837	837	854
Ministry Common Fund					65,705	65,705	65,705
Salary of parish administrator					4,244	4,224	4,495
Working expenses of	incumbent				(125I	(125)	414
Funeral, wedding and	other relate			d costs	1,604	1,604	2,039
Rectory -water					594	594	546
Youth Worker and costs					17,184	17,184	15,093
Young Church &Sunbeams					11,394	11,394	6,803
Church running —insurance					3,816	3,816	2,166
Church maintenance					6,789	6,789	5,139
Cleaning					3,714	3,714	3,399
Upkeep ofservices					2,712	2,712	2,047
Upkeep of churchyard					2,550	2,550
Administration					4,393	4,393	1,171
Computer Hardware	&Software				1,590	1,590	1,569
Church running -electric					16,388	16,388	5,411
Church running -water					167	167	95
Magazine expenses					2,726	2,726	2,881
Hall Management					806	806	788
Ha II running -electricity					2,293	2,293	703
Hall running - gas					3,079	3,079	604
Hall running - insurance					600	600	1,160
Hall running —maintenance					5,583	5,583	6,485
Hall running —water					181	181	123
Hall+ major repairs -	structure
Library upkeep
Re-ordering Project -	Church
				Total	166,963	166,963	141,707
Governance costs
Governance costs examination/audit				fee	696	696	699
				Total	696	696	699
EXPENDITURE				TOTAL	167,659	167,659	142,406
	GRAND			TOTAL	3,934	3,934	(5,872)