85 Crofton Road.
Orpington,
8R6 8HU,
01689 836 825
07801328 415
3° July 2024
Rev'd Jessle Danlels-whlte,
Cray Valley Parfsh,
CIO St Andrews Church,
Lower Road.
Orpln8ton.
BR5 4AL
Dear Rerfd Daniels-white.
Examlnatlon of A(counts for the
Parlsh
I have completed a thorough examlnatlon of the accounts. bank ststements and other financial
cords for this parish in the past financial year and can conflrni that they represent a true and
accurdte record of the finances of the Parbsh for the financial year recorded.
Your5 slncerelv.
knjp
Mlchael Lawson. BA. AKC.
Independent Financial Examiner
## **PCC ACCOUNTS**
## **Year Ending 31 December 2023**
## **CRAY VALLEY PARISH**
## **Receipts & Payments Accounts**
## **PAROCHIAL CHURCH COUNCIL OF CRAY VALLEY BENEFICE**
## **RECEIPTS & PAYMENTS ACCOUNT**
## **FOR THE YEAR ENDED 31 DECEMBER 2023**
|**RECEIPTS & PAYMENTS ACCOUNT**
**FOR THE YEAR ENDED 31 DECEMBER 2023**||||||||||
|---|---|---|---|---|---|---|---|---|---|
||||||**TOTAL**||||TOTAL|
|||Unrestricted|Designated|Restricted|**FUNDS**|Unrestricted|Designated|Restricted|FUNDS|
||Notes|Funds|Funds|Funds|**2023**|Funds|Funds|Funds|2022|
|||£|£|£|**£**|£|£|£|£|
|**Receipts**||||||||||
|_Voluntary income_|2a|17,371||8,229|**25,600**|34,163||8,201|42,364|
|_Activities for generating funds_|2b|1,838|||**1,838**|497|||497|
|_Investment income_|2c|29|373|537|**939**|14|54|95|163|
|_Church activities_|2d|24,462||150|**24,612**|21,749||1,523|23,272|
|_Other incoming resources_|2e|||||||||
|||43,700|373|8,916|**52,989**|56,423|54|9,819|66,296|
|**Payments**||||||||||
|_Costs of generating voluntary income_|3a|||||||||
|_Fund-raising trading costs_|3b|||||||||
|_Church activities_|3c|60,901||8,700|**69,601**|42,515||12,396|54,911|
|**Total resources expended**||60,901||8,700|**69,601**|42,515||12,396|54,911|
|**Excess of Receipts over Payments**||(17,201)|373|215|**(16,613)**|13,908|54|(2,577)|11,385|
|Transfers between funds - transfers in|||2,400||**2,400**||2,400|210|2,610|
|Transfers between funds - transfers out||(2,400)|||**(2,400)**|(2,610)|||(2,610)|
|||(19,601)|2,773|215|**(16,613)**|11,298|2,454|(2,367)|11,385|
|Bank current and deposit accounts 1 January 2023||26,700|11,509|20,344|**58,553**|15,402|9,055|22,711|47,168|
|**Bank current and deposit accounts at 31 December 2023**|4|7,099|14,282|20,560|**41,940**|26,700|11,509|20,344|58,553|
|CHECK NOTE 4||7,099|14,282|20,560|41,940|26,700|11,509|20,344|58,553|
|||(0)|0||1|(0)|0|1|1|
|CHECK ASSET||7,099|14,282|20,559|41,940|26,700|11,509|20,344|58,553|
|||0|0|1|1|(0)|0|1|1|
## **PAROCHIAL CHURCH COUNCIL OF CRAY VALLEY BENEFICE**
## **STATEMENT OF ASSETS AND LIABILITIES**
|**STATEMENT OF ASSETS AND LIABILITIES**||
|---|---|
|Notes
Cash and bank deposits
Current accounts
Deposit accounts
Church repair fund
4
Other monetary assets
Gift Aid Tax claim outstanding
Investment assets
COIF Charities Investment Fund Income Units
Assets retained for Church Use
St Andrews Church Hall values at insurance value
St Mary's Church Centre valued at Insurance value
Liabilities
DBF Fees
Charity Payments
Utility Bills|General
Designated
Restricted
Endowment
**2023**
General
Designated
Restricted
Endowment
**2022**
Fund
Fund
Funds
Fund
**Total**
Fund
Fund
Funds
Fund
Total
£
£
£
£
**£**
£
£
£
£
£
6,211
-
5,428
**11,639**
25,500
-
6,028
31,528
888
15,131
**16,018**
1,200
14,316
15,516
14,282
**14,282**
11,509
11,509|
||7,099
14,282
20,559
**41,940**
26,700
11,509
20,344
58,553|
||-
-
-
-
**-**
-
-
-
-
-|
||-
-
-
**-**
-|
||963
**963**
963
963|
||-
-
-
**963**
963
963|
||125,887
**125,887**
125,887
125,887
100,000
**100,000**
100,000
100,000|
||-
225,887
-
**225,887**
225,887
225,887|
||150
**150**
-
-
-
-
-|
||150
**150**|
Approved by the Parochial Church Council on…………………………………………………….. and signed on its behalf
Treasurer
Chairman
The accompanying notes form a part of these financial statements.
## **PAROCHIAL CHURCH COUNCIL OF CRAY VALLEY BENEFICE**
## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023**
## **1 Accounting Policies**
The financial statements have been prepared in accordance with the Church Accounting Regulations 2006 using the Receipts & Payments basis. Receipts and payments include income as received and expenditure when irrevocably paid.
The accounts include monetary transactions, assets and liabilities for which the PCC is responsible in law. They do not include the accounts of church groups which owe their main affiliation to another body, nor those that are informal gatherings of church members.
Funds
Unrestricted funds are general funds which can be used for PCC ordinary purposes. These include designated funds which can be redesignated.
Restricted funds represent (a) donations or grants received for a specific object or invited by the PCC for a specific object, and (b) income from trusts and endowments which may be expended only on those restricted objects provided in the terms of the trust of bequest. The funds may only be expended on the specific object for which they were given. Any balance remaining unspent at the end of the year must be carried forward as a balance on that fund.
Endowment funds are funds, the capital of which must be maintained; only income arising from investment of the endowment may be used either as restricted or unrestricted funds depending upon the purpose for which the endowment was established.
The following assets are recognised but not necessarily valued in the Statement of Assets and Liabilities: Movable church furnishings held by the Churchwardens on special trust for the PCC and which require a faculty for disposal; Land and buildings held on behalf of the PCC.
The following assets are recognised and a monetary value given as part of the description in the Statement of Assets and Liabilities: Bank and deposit accounts; Amounts owing from HMRC where a formal claim has been made; Investment assets.
Liabilities are recognised and a monetary value given in the Statement of Assets and Liabilities where the supply had been received by 31 December.
**PAROCHIAL CHURCH COUNCIL OF CRAY VALLEY BENEFICE**
## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023**
## **2 Receipts**
|**2**|**Receipts**|||||||||
|---|---|---|---|---|---|---|---|---|---|
||||||**TOTAL**||||TOTAL|
|||Unrestricted|Designated|Restricted|**FUNDS**|Unrestricted|Designated|Restricted|FUNDS|
|||Funds|Funds|Funds|**2023**|Funds|Funds|Funds|2022|
|||£|£|£|**£**|£|£|£|£|
|**a**|_Voluntary income_|||||||||
||Planned giving by standing order|11,924|||**11,924**|12,787|||12,787|
||Planned giving envelopes|||||||||
||Gift Aid - One-off|||||25|||25|
||Income tax recoverable|||||3,086|||3,086|
||Collections|3,504|||**3,504**|2,529|||2,529|
||Charity Collections|||||||||
||Donations and appeals|1,943|||**1,943**|1,790||8,201|9,991|
||Income tax recoverable on one off|gifts||||||||
||Legacies/Grants|||8,229|**8,229**|13,946|||13,946|
|||17,371||8,229|**25,600**|34,163||8,201|42,364|
|**b**|_Activities for generating funds_|||||||||
||General fundraising|1,453|||**1,453**|347|||347|
||Parish Magazine/Notes/Candles|385|||**385**|150|||150|
|||1,838|||**1,838**|497|||497|
|**c**|_Investment income_|||||||||
||Dividends and interest|29|373|537|**939**|14|54|95|163|
|||29|373|537|**939**|14|54|95|163|
|**d**|_Income from Church Activities_|||||||||
||Church Centre rental|2,431|||**2,431**|1,608|||1,608|
||St Andrews Church Hall rental|16,606|||**16,606**|16,370|||16,370|
||Fees from weddings, funerals, etc|5,425|||**5,425**|3,771|||3,771|
||DBF element of fees|||||||||
||Pre-School Deposits|||||||||
||Funshine Club|||150|**150**|||1,523|1,523|
||Social Committee|||||||||
|||24,462||150|**24,612**|21,749||1,523|23,272|
|**e**|_Other incoming resources_|||||||||
||Legal Fees|||||||||
||Cray Fisher|||||||||
||Other income|||||||||
|||||||||||
|||||||||||
||**Total receipts**|43,700|373|8,916|**52,989**|56,423|54|9,819|66,296|
||**Check to R&P**|43,700|373|8,916|**52,989**|**56,423**|**54**|**9,819**|**66,296**|
## **PAROCHIAL CHURCH COUNCIL OF CRAY VALLEY BENEFICE**
## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023**
## **3 Payments**
**TOTAL** TOTAL Unrestricted Designated Restricted **FUNDS** Unrestricted Designated Restricted FUNDS Funds Funds Funds **2023** Funds Funds Funds 2022 £ £ £ **£** £ £ £ £
- **a** _Costs of generating voluntary income_ Stewardship costs
- **b** _Fund raising costs_
|**c**|_Church Activities_|||||||
|---|---|---|---|---|---|---|---|
||Missionary and charitable giving|220||**220**||||
||Ministry Costs|||||||
||Diocesan Offer||||30||30|
||Expenses|2,551||**2,551**|2,400||2,400|
||Vicarage costs|3,456||**3,456**|3,166||3,166|
||Other Ministry costs|||||||
||Church running expenses|||||||
||Utilities|4,553||**4,553**|2,374||2,374|
||Insurance|9,440||**9,440**|8,813||8,813|
||Church maintenance & cleaning|6,095||**6,095**|4,998||4,998|
||Major Structural work|||||||
||Upkeep of services|5,035||**5,035**|3,659||3,659|
||Organ Tuning and Playing|||||||
||Parish Centre running expenses|||||||
||Utilities|541.84||**542**|470||470|
||Cleaning & Maintenance||||42||42|
||Insurance|||||||
||Hall running expenses|||||||
||Utilities|9,640||**9,640**|4,000||4,000|
||Cleaning & Maintenance|789||**789**|569||569|
||Insurance|||||||
||Funshine Club|||||1,424|1,424|
||Social Committee|||||||
||Administration|11,397||**11,397**|10,621||10,621|
||Upkeep of services|||||||
||Other costs|7,182|8,700|**15,882**|1,375|10,972|12,347|
|||60,901|8,700|**69,601**|42,515|12,396|54,911|
|||||||||
||**Total payments**|60,901|8,700|**69,601**|42,515|12,396|54,911|
**PAROCHIAL CHURCH COUNCIL OF CRAY VALLEY BENEFICE**
## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023**
## **4 Statement of Fund Movements**
|**Unrestricted Fund**
General fund
**Designated Funds**
St Mary's Church Repair Fund
Church Centre Repair Fund
Curate's House Proceeds
St Andrew Church Repair Fund
St Andrew Disabled Entry Fund
**Restricted Funds**
Restoration Fund
Charitable Giving
Disabled Entry (Incl. M Deering Monies)
Rossi's Rascals
Funshine Club
Social Fund
**Total bank and current accounts**
**Total funds**|Bal b/fwd
Income
Expenditure
Transfers
**Bal c/fwd**
1 Jan 2023
between
**31 Dec 2023**
funds
£
£
£
£
**£**
26,700
43,700
-60,901
-2,400
**7,099**
26,700
43,700
-60,901
-2,400
**7,099**
3,469
117
0
1,000
**4,586**
0
0
0
0
**0**
0
0
0
0
**0**
8,040
256
0
1,400
**9,696**
0
0
0
0
**0**
11,509
373
0
2,400
**14,282**
13,444
432
0
0
**13,876** £13876.22
0
0
0
0
**0**
1,659
8,257
-8,700
0
**1,216** £887.53 in
1,216
39
0
0
**1,255**
213
150
0
0
**363** The bank b
3,812
38
0
0
**3,850** Business In
20,344
8,916
-8,700
0
**20,560**
58,552
52,989
-69,601
0
**41,940**
58,552
52,989
-69,601
0
**41,940**|
|---|---|
The General Fund is available to the PCC for day to day income and expenses. Its assets are held in a Lloyds,Natwest Current and Reserve account and a Metro Current Account.
The Church, Church Centre and Chruch Hall Repair Funds have been designated by the PCC for the repair of those buildings. The monies are held in a deposit account with Rochester Diocese Board of Finance.
The Restricted Restoration Fund - This Fund is used for Church Maintenance projects.
Rossi's Rascals is a Restricted Fund for the Pre-school deposits.
The Disabled Entry Fund is a restricted fund for monies set aside towards this project.
The Funshine Club Fund is a restricted fund and includes the income and expenditure for the club. Only transactions which have been processed
The Social Fund is a restricted fund and includes the income and expenditure for the club. The Fund has it's own bank account.
The Valentine Sparrow Ecclesiastical Charity Endowment fund is held in a CBF Investment Fund. Dividends are credited to general funds.
## **PAROCHIAL CHURCH COUNCIL OF CRAY VALLEY BENEFICE**
## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023**
**----- Start of picture text -----**
5 Staff costs
2023 2022
£ £
a Wages and salaries 0 0
**----- End of picture text -----**
The PCC no longer employs a Parish Administrator
Payments of £1120 (£1120 2022) to the Organist were on a self-employed basis.
**b** _Payments to PCC members_
No other payments, apart from reimbursement of expenses, were made to PCC members.
**----- Start of picture text -----**
6 Missionary and charitable giving
2023 2022
£ £ £ £
Undesignated Special Undesignated Special
Collections Collections
Churches Together - - - -
0 0 0 0
**----- End of picture text -----**
## **7 Reserves policy**
It is PCC policy to maintain a balance on liquid unrestricted funds (including Repair Funds), which equates to approximately 3 months' unrestricted payments, to cover emergency situations. The current balance on 'liquid' unrestricted funds at the year-end represents only one month's expenses.
7,099 60,901 12 5,075 1