## **TRUSTEES ANNUAL REVIEW 2023** ## **ST TIMOTHY’S CHURCH, CROOKES** ## **Objectives and activities** St Timothy’s Parochial Church Council (PCC) has the responsibility of promoting in the ecclesiastical parish, the whole mission of the Church, pastoral, social and ecumenical. St Timothy’s is part of The Diocese of Sheffield. The Diocese has been called to grow a sustainable network of Christ-like, lively, and diverse Christian communities in every place which are effective in making disciples and in seeking to transform our society and God’s world. The PCC works towards the above Diocesan Mission Statement with its three strands: ‘Renewed, Released, Rejuvenated,’ and our Parish purpose statement ‘Passion for God. Compassion for People’ When planning our activities for the year, the incumbent and the PCC have considered the Charity Commission’s guidance on public benefit and, in particular, the specific guidance on charities for the advancement of religion. ## **Review of the year** Of great significance in 2023 was the formal acceptance by the PCC of a change in ministerial leadership to incorporate a Focal Ministry Team, and the appointment in May, of four Focal Ministers who, together with the vicar, share an overview of pastoral and spiritual leadership, including consulting with regards to, and articulating, the shared sense of vision and vocation for the parish. The Sunday morning congregation has continued as the main focus of our shared worship as a parish community, as well as monthly Kids’ Church, and the Harbour evening service. The Harbour included explored some additional modes of worship, including Taize and times focused on prayer. Midweek activities, including children and family’s activities, the Tuesday Social Club, and Wednesday Lunch Club, have continued. Youth activities, including times away, have proven fruitful for discipleship. ## **Future plans** With the establishment of Focal Ministry, the consideration now turns to improving our governance and decision-making structures and processes. This will allow greater support and accountability for paid and volunteer staff, as well as ensuring compliance and best practice. The Focal Ministry team, following a consultation with ministry leaders, will be taking a lead on Mission Action Planning. ## **Financial Review** Despite seeing an increase in voluntary giving across 2023, the church saw out the end of the church financial year with a deficit of £8,696 against a planned deficit of £30,306. There has been a negative movement against both unrestricted and restricted funds. This negative movement is a sign that the church needs to review and keep within expected budgets across the year. This will be discussed with budget holders formally throughout the following year. The church is unable to sustain losses at this level for a significant length of time and while it is a positive move that this was a positive result against a larger budgeted deficit it remains to be seen if this is an artefact of an overly conservative budget or growth elsewhere. ## **Income** St Timothy's received a total income of £199,985 in total during 2023 and is an increase of £14,979 over 2022 figures. This is largely driven by an increase in Training of £8,271 over 2022 although there has also been a small increase in voluntary giving as well. ## **Expenditure** St Timothy’s total expenditure for the year was £208,681, of which 33% related to our common fund giving, 29% on staffing and the remainder on our church activities, including the building and upkeep, youth and children’s activities and governance costs. The bulk of expenditure is paid through our unrestricted funds. The majority of expenditure is directly apportioned into budgets and held internally by budget holders to enable them to undertake and facilitate ministry in the Parish and beyond. Budget holders were repeatedly reminded of the planned deficit budget although we did see an overspend from the Youth and Children’s ministries of 27%. This will be monitored over 2024 to tighten budget controls ahead of further potential governance changes in 2025. Overall expenditure is higher compared with previous year and the PCC will need to make decisions around the continue matching of salaries to the Real Living Minimum Wage which has led to significant increases in expenditure over previous years. The expected rise in utility rates was realised during 2023, and ongoing issues with the heating in the church will potentially lead to extraordinary costs in 2024/2025 dependent on the churches ability to maintain the current heating setup. We continue to monitor contracted costs and any variances to budgets closely, through the use of management accounts that are presented at PCC meetings where possible. Maintenance costs for the church building and hall has risen from 2022 and is due to large repairs required in the sewerage system and ongoing guttering issues. We continued to take collections for external organisations and distributed these as grants to charities throughout the year. ## **NET Position and Balance** The overall net movement in funds was minus £8,696, unrestricted funds had a net loss of £4,322 and restricted funds a net loss of £4,374. As of 31 December 2023, the total funds held by St Timothy’s had a balance of £107,818, unrestricted funds had a balance of £83,137 and restricted funds a balance of £24,681. Costs are forecasted to increase in 2025, especially around the heating of the church, which will impact our unrestricted funds position, we continually look at increasing income to support our activities. ## **Reserves Policy** With our charity designation, it is expected that there will always remain a balance on general funds to cover any emergency or required closure of the charity. This is a minimum of £30,000. The current amount in general funds at the end of 2023, is at a level that allows us to cover this eventuality if required. ## **Note** It is with continued utmost thanks to George Boylin and Jackie Kieran that the finances of St Timothy’s are maintained and well administered. Without them, the we would be in a much poorer position. St. Timothy’s Church, Crookes # **St Timothy’s Church, Crookes** # **Financial Statements for the year ended 31 December 2023** 1 | P a g e St. Timothy’s Church, Crookes ## **STATEMENT OF THE FINANCIAL ACTIVITES** **For the year ended 31 December 2023** |**Note**
**INCOME FROM**
Voluntary Income
1
Other Voluntary Income Resources
2
Income for Church Activities
3
Activities for Generating Funds
4
Trading Income
5
Investment Income
**EXPENDITURE ON**
Charitable Giving Grants
6
Activities Directly Related to the Work of the Church
7
Church Hall
8
Salaries
9
Tuesday Social Club
10
Youth and Children’s Ministry
11
Church Management and Administration
12
Governance
13
Net (expenditure)/income
Transfer between funds
Total funds brought forward
Total funds carried forward|**Unrestricted**
**Funds**
**Restricted**
**Funds**
**2023 Total**
**2022 Total**
£
£
**£**
£
142,895
3,657
**146,552**
144,398
1,150
4,365
**5,515**
4,600
606
269
**875**
2,020
15,477
8,406
**23,883**
19,364
23,077
-
**23,077**
14,806
83
-
**83**| |---|---| ||183,288
16,697
**199,985**
185,188| ||-
1,022
**1,022**
3,510
73,372
10,307
**83,679**
78,066
9,765
-
**9,765**
9,013
55,435
6,055
**61,490**
48,445
1,506
1,717
**3,223**
1,007
10,856
1,970
**12,826**
7,872
31,291
-
**31,291**
22,394
5,385
-
**5,385**
4,762| ||187,610
21,071
**208,681**
175,069| ||(4,322)
(4,374)
**(8,696)**
10,119
-
-
**-**
-
87,459
29,055
**116,514**
106,395| ||83,137
24,681
**107,818**
116,514| 2 | P a g e St. Timothy’s Church, Crookes ## **BALANCE SHEET** ## **As at 31 December 2023** |**Note**
Current Assets
Cash at bank and in hand
Debtors
14
Total Assets
Creditors
Amount due within 1 year
15
Net Assets
Funds
16
Natter
Asha
Organ
Lighting
Defibrillator
Assigned Fees
Charitable Giving
Community Hub – COVID 19
Xmas Tree Festival
Eco Projects
Toddlers
Wednesday Lunch Club
Halls (Designated)
General (Unrestricted)|**Unrestricted**
**Funds**
**Restricted**
**Funds**
**2023 Total**
**2022 Total**
£
£
**£**
£
79,204
25,272
**104,476**
116,872
4,308
-
**4,308**
1,506
83,512
25,272
**108,784**
118,378| |---|---| ||(375)
(591)
**(966)**
(1,864)| ||**83,137**
**24,681**
**107,818**
116,514| ||-
1,301
**1,301**
3,981
-
1,824
**1,824**
1,480
-
2,483
**2,483**
2,483
-
-
**-**
-
-
667
**667**
667
-
269
**269**
128
-
2,280
**2,280**
211
-
2,648
**2,648**
2,648
-
-
-
-
3,800
6,232
2,361
816
**3,800**
**6,232**
**2,361**
**816**
2,201
6,232
2,949
6,075
40,850
-
**40,850**
27,538
42,287
-
**42,287**
59,921| ||83,137
24,681
**107,818**
116,514| 3 | P a g e St. Timothy’s Church, Crookes ## **NOTES TO THE FINANCIAL STATEMENTS For the year ended 31 December 2023** ## **1 VOLUNTARY INCOME** |Planned Giving
Collections at Services
Donations
Gift Aid
**Total**|**Unrestricted**
**£**
**Restricted**
**£**
**2023 Total**
**£**
**2022 Total**
**£**
109,157
230
**109,387**
108,649
1,919
2,316
**4,235**
3,038
7,194
1,111
**8,305**
10,122
24,625
-
**24,625**
22,589| |---|---| ||**142,895**
**3,657**
**146,552**
144,398| ## **2 OTHER VOLUNTARY INCOME** |Grants
**Total**|**Unrestricted**
**Restricted**
**2023 Total**
**2022 Total**
**£**
**£**
**£**
**£**
1,150
4,365
**5,515**
4,600| |---|---| ||**1,150**
**4,365**
**5,515**
4,600| ## **3 INCOME FOR CHURCH ACTIVITIES** |Funerals and Weddings
**Total**|**Unrestricted**
**Restricted**
**2023 Total**
**2022 Total**
**£**
**£**
**£**
**£**
606
269
**875**
2,020| |---|---| ||**606**
**269**
**875**
2,020| ## **4 ACTIVITIES FOR GENERATING FUNDS** |Youth and Children
Tuesday Social Club
Church Activities
Wednesday Lunch Club
Building Projects
**Total**|**Unrestricted**
**Restricted**
**2023 Total**
**2022 Total**
**£**
**£**
**£**
**£**
11,214
1,382
**12,596**
10,513
1,095
3,232
**4,327**
1,048
1,366
-
-
3,792
**1,366**
**3,792**
2,990
4,813
1,802
-
**1,802**| |---|---| ||**15,477**
**8,406**
**23,883**
19,364| 4 | P a g e St. Timothy’s Church, Crookes ## **NOTES TO THE FINANCIAL STATEMENTS For the year ended 31 December 2023** ## **5 TRADING INCOME** |**TRADING INCOME**|| |---|---| |Hall
**Total**|**Unrestricted**
**Restricted**
**2023 Total**
**2022 Total**
**£**
**£**
**£**
**£**
23,077
-
**23,077**
14,806| ||**23,077**
**-**
**23,077**
14,806| ## **6 CHARITABLE GIVING GRANTS** |**CHARITABLE GIVING GRANTS**|| |---|---| |Assist
Sheffield Women’s
Asha
Disasters Emergency Committee
Christian Aid
A Rocha UK
Snow Project
Church Mission
Tearfund
S6 Foodbank
Ukraine Appeal
Trussell Trust
Other
RBL
**Total**|**Unrestricted**
**Restricted**
**2023 Total**
**2022 Total**
**£**
**£**
**£**
**£**
-
67
**67**
124
-
274
**274**
-
-
-
**-**
1,489
-
252
**252**
-
-
173
**173**
167
-
-
**-**
219
-
-
**-**
312
-
86
**86**
137
-
-
**-**
105
107
**107**
422
-
-
**-**
83
-
-
**-**
256
-
63
**63**
112
-
-
**-**
84| ||**-**
**1,022**
**1,022**
3,510| ## **7 ACTIVITIES DIRECTLY RELATED TO THE WORK OF THE CHURCH** |Common Fund Giving
Church Event Costs
Assigned Fees
**Total**|**Unrestricted**
**Restricted**
**2023 Total**
**2022 Total**
**£**
**£**
**£**
**£**
70,000
-
**70,000**
70,000
3,372
10,179
**13,551**
7,919
-
128
**128**
147| |---|---| ||**73,372**
**10,307**
**83,679**
78,066| 5 | P a g e St. Timothy’s Church, Crookes ## **NOTES TO THE FINANCIAL STATEMENTS** ## **For the year ended 31 December 2023** ## **8 CHURCH HALL** |**8 CHURCH HALL**|| |---|---| |Maintenance
Broadband
Subscriptions
Utilities
Insurance
**Total**
**9 SALARIES**
Administration
Church Cleaning
Youth
Wednesday Lunch Club
Halls
Natter
National Insurance & Pension
**Total**|**Unrestricted**
**Restricted**
**2023 Total**
**2022 Total**
**£**
**£**
**£**
**£**
1,705
-
**1,705**
3,858
481
-
**481**
62
-
-
**-**
-
4,835
-
**4,835**
3,313
2,744
-
**2,744**
1,780| ||**9,765**
**-**
**9,765**
9,013| ||**Unrestricted**
**Restricted**
**2023 Total**
**2022 Total**
£
£
**£**
**£**
9,996
-
**9,996**
9,611
2,812
-
**2,812**
3,554
29,783
-
**29,783**
21,421
-
3,375
**3,375**
2,501
6,679
-
**6,679**
5,482
-
2,680
**2,680**
684
6,165
-
**6,165**
5,192| ||**55,435**
**6,055**
**61,490**
48,445| |**10 TUESDAY SOCIAL CLUB**||||| |---|---|---|---|---| ||**Unrestricted**|**Restricted**|**2023 Total**|**2022 Total**| ||**£**|**£**|**£**|**£**| |Cost of events|1,506|1,717|**3,223**|1,007| |**Total**|**1,506**|**1,717**|**3,223**|1,007| |**11 YOUTH AND CHILDREN’S MINISTRY**||||| ||**Unrestricted**|**Restricted**|**2023 Total**|**2022 Total**| ||**£**|**£**|**£**|**£**| |Children & Youth cost of events|10,856|1,970|**12,826**|7,872| |**Total**|**10,856**|**1,970**|**12,826**|7,872| 6 | P a g e St. Timothy’s Church, Crookes ## **NOTES TO THE FINANCIAL STATEMENTS For the year ended 31 December 2023** ## **12 CHURCH MANAGEMENT AND ADMINISTRATION** |Clergy and Vicarage Costs
Training
Administrative Costs
Maintenance and Upkeep
Insurance
Utilities
**Total**|**Unrestricted**
**Restricted**
**2023 Total**
**2022 Total**
**£**
**£**
**£**
**£**
1,184
-
1,184
2,014
350
-
350
660
5,617
-
5,617
3,763
17,252
-
17,252
10,015
2,744
-
2,744
3,251
4,144
-
4,144
2,691| |---|---| ||**31,291**
**-**
**31,291**
22,394| |**13 GOVERNANCE**
Accountancy Fees
Payroll Fees
Audit Fee
Professional Fees
**Total**|**Unrestricted**
**Restricted**
**2023 Total**
**2022 Total**
**£**
**£**
**£**
**£**
4,500
-
**4,500**
4,125
510
-
**510**
287
375
-
**375**
350
-
-
**-**
-| |---|---| ||**5,385**
**-**
**5,385**
4,762| |**14 DEBTORS**
Trade Debtors
Other Debtors
Accrued Income
**Total**
**15 CREDITORS**
Creditors due within one year
**Total**|**Unrestricted**
**Restricted**
**2023 Total**
**2022 Total**
**£**
**£**
**£**
**£**
103
-
**103**
634
1,125
-
**1,125**
-
3,080
-
**3,080**
872| |---|---| ||**4,308**
**-**
**4,308**
1,506| ||**Unrestricted**
**Restricted**
**2023 Total**
**2022 Total**
**£**
**£**
**£**
**£**
(375)
(591)
**(966)**
(1,864)| ||**(375)**
**(591)**
**(966)**
(1,864)| 7 | P a g e St. Timothy’s Church, Crookes ## **NOTES TO THE FINANCIAL STATEMENTS For the year ended 31 December 2023** ## **16 RECONCILIATION OF FUND BALANCE** |Natter
Asha
Organ
Defibrillator
Assigned Fees
Charitable Giving
Community Hub - Covid 19
Xmas Tree Festival
Eco Projects
Toddlers
Wednesday Lunch Club
Halls
General Fund
**Total**|**Balance b/f**
**£**
**Income**
**£**
**Expenditure**
**£**
**Balance c/f**
**£**
**3,981**
-
(2,680)
**1,301**
**1,480**
344
-
**1,824**
**2,483**
-
-
**2,483**
**667**
-
-
**667**
**128**
269
(128)
**269**
**211**
3,091
(1,022)
**2,280**
**2,648**
-
-
**2,648**
**2,201**
**6,232**
**2,949**
**6,075**
3,317
-
1,382
8,294
(1,718)
-
(1,970)
(13,553)
**3,800**
**6,232**
**2,361**
**816**
**27,538**
23,077
(9,765)
**40,850**
**59,921**
160,211
(177,845)
**42,287**| |---|---| ||**116,514**
**199,985**
**(208,681)**
**107,818**| 8 | P a g e ## St. Timothy’s Church, Crookes ## **17 PRIOR YEAR SOFA FOR THE YEAR ENDED 31 DECEMBER 2022** |**Note**
**INCOME FROM**
Voluntary Income
1
Other Voluntary Income Resources
2
Income for Church Activities
3
Activities for Generating Funds
4
Trading Income
5
**EXPENDITURE ON**
Charitable Giving Grants
6
Activities Directly Related to the Work of the Church
7
Church Hall
8
Salaries
9
Tuesday Social Club
10
Youth and Children’s Ministry
11
Church Management and Administration
12
Governance
13
Net (expenditure)/income
Transfer between funds
Total funds brought forward
Total funds carried forward|**Unrestricted**
**Funds**
**Restricted**
**Funds**
**2022 Total**
**2021 Total**
£
£
**£**
£
141,527
2,871
**144,398**
149,134
-
4,600
**4,600**
5,489
1,736
284
**2,020**
2,231
10,857
8,507
**19,364**
10,348
14,806
-
**14,806**
8,038| |---|---| ||168,926
16,262
**185,188**
175,240| ||-
3,510
**3,510**
4,193
73,770
4,296
**78,066**
85,336
9,013
-
**9,013**
4,795
45,260
3,185
**48,445**
40,000
575
432
**1,007**
1,669
7,711
161
**7,872**
11,212
17,126
5,268
**22,394**
20,956
4,762
-
**4,762**
5,566| ||158,217
16,852
**175,069**
173,727| ||10,709
(590)
**10,119**
1,513
-
-
**-**
-
76,750
29,645
**106,395**
104,882| ||87,459
29,055
**116,514**
106,395| 9 | P a g e St. Timothy’s Church, Crookes ## **18 PRIOR YEAR BALANCE SHEET FOR THE YEAR ENDING 31 DECEMBER** |**Note**
Current Assets
Cash at bank and in hand
Debtors
14
Total Assets
Creditors
Amount due within 1 year
15
Net Assets
Funds
16
Natter
Asha
Organ
Lighting
Defibrillator
Assigned Fees
Charitable Giving
Community Hub – COVID 19
Xmas Tree Festival
Eco Projects
Toddlers
Wednesday Lunch Club
Halls (Designated)
General (Unrestricted)|**Unrestricted**
**Funds**
**Restricted**
**Funds**
**2022 Total**
**2021 Total**
£
£
**£**
£
87,226
29,646
**116,872**
110,847
1,506
-
**1,506**
5,603
88,732
29,646
**118,378**
116,450| |---|---| ||(1,273)
(591)
**(1,864)**
(10,055)| ||**87,459**
**29,055**
**116,514**
106,395| ||-
3,981
**3,981**
4,665
-
1,480
**1,480**
1,989
-
2,483
**2,483**
2,483
-
-
**-**
1,500
-
667
**667**
667
-
128
**128**
(9)
-
211
**211**
441
-
2,648
**2,648**
2,648
-
-
-
-
2,201
6,232
2,949
6,075
**2,201**
**6,232**
**2,949**
**6,075**
150
10,000
1,712
3,399
27,538
-
**27,538**
21,745
59,921
-
**59,921**
55,005| ||87,459
29,055
**116,514**
106,395| 10 | P a g e St. Timothy’s Church, Crookes ## **Independent examiner's report on the accounts** ## **Section A Independent Examiner’s Report** |**Report to the trustees**
**On accounts for the year**
**ended**|Charity Name
**THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF ST**
**TIMOTHY'S CROOKES**|Charity Name
**THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF ST**
**TIMOTHY'S CROOKES**| |---|---|---| |||| ||31 December 2023
**Charity no**
**(if any)**|1172252| I report to the trustees on my examination of the accounts of the above charity (“the Trust”) for the year ended **31/12/2023** . ## **Responsibilities and basis of report** As the charity's trustees, you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 (“the Act”). I report in respect of my examination of the Trust’s accounts carried out under section 145 of the 2011 Act and in carrying out my examination, I have followed all the applicable Directions given by the Charity Commission under section 145(5)(b) of the Act. 11 | P a g e St. Timothy’s Church, Crookes ## **Independent examiner's statement** I have completed my examination. I confirm that no material matters have come to my attention in connection with the examination which gives me cause to believe that in, any material respect: - the accounting records were not kept in accordance with section 130 of the Charities Act; or - the accounts did not accord with the accounting records; or - the accounts did not comply with the applicable requirements concerning the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the accounts give a ‘true and fair’ view which is not a matter considered as part of an independent examination. I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached. **----- Start of picture text -----**
Date: 1.4.24
Signed:
Name: Judith McCoy – JSM Accounting Services Limited
Address: 32 Clough Grove
Oughtibridge
Sheffield
**----- End of picture text -----**
12 | P a g e St. Timothy’s Church, Crookes # **St Timothy’s Church, Crookes** # **Financial Statements for the year ended 31 December 2023** 1 | P a g e St. Timothy’s Church, Crookes ## **STATEMENT OF THE FINANCIAL ACTIVITES** **For the year ended 31 December 2023** |**Note**
**INCOME FROM**
Voluntary Income
1
Other Voluntary Income Resources
2
Income for Church Activities
3
Activities for Generating Funds
4
Trading Income
5
Investment Income
**EXPENDITURE ON**
Charitable Giving Grants
6
Activities Directly Related to the Work of the Church
7
Church Hall
8
Salaries
9
Tuesday Social Club
10
Youth and Children’s Ministry
11
Church Management and Administration
12
Governance
13
Net (expenditure)/income
Transfer between funds
Total funds brought forward
Total funds carried forward|**Unrestricted**
**Funds**
**Restricted**
**Funds**
**2023 Total**
**2022 Total**
£
£
**£**
£
142,895
3,657
**146,552**
144,398
1,150
4,365
**5,515**
4,600
606
269
**875**
2,020
15,477
8,406
**23,883**
19,364
23,077
-
**23,077**
14,806
83
-
**83**| |---|---| ||183,288
16,697
**199,985**
185,188| ||-
1,022
**1,022**
3,510
73,372
10,307
**83,679**
78,066
9,765
-
**9,765**
9,013
55,435
6,055
**61,490**
48,445
1,506
1,717
**3,223**
1,007
10,856
1,970
**12,826**
7,872
31,291
-
**31,291**
22,394
5,385
-
**5,385**
4,762| ||187,610
21,071
**208,681**
175,069| ||(4,322)
(4,374)
**(8,696)**
10,119
-
-
**-**
-
87,459
29,055
**116,514**
106,395| ||83,137
24,681
**107,818**
116,514| 2 | P a g e St. Timothy’s Church, Crookes ## **BALANCE SHEET** ## **As at 31 December 2023** |**Note**
Current Assets
Cash at bank and in hand
Debtors
14
Total Assets
Creditors
Amount due within 1 year
15
Net Assets
Funds
16
Natter
Asha
Organ
Lighting
Defibrillator
Assigned Fees
Charitable Giving
Community Hub – COVID 19
Xmas Tree Festival
Eco Projects
Toddlers
Wednesday Lunch Club
Halls (Designated)
General (Unrestricted)|**Unrestricted**
**Funds**
**Restricted**
**Funds**
**2023 Total**
**2022 Total**
£
£
**£**
£
79,204
25,272
**104,476**
116,872
4,308
-
**4,308**
1,506
83,512
25,272
**108,784**
118,378| |---|---| ||(375)
(591)
**(966)**
(1,864)| ||**83,137**
**24,681**
**107,818**
116,514| ||-
1,301
**1,301**
3,981
-
1,824
**1,824**
1,480
-
2,483
**2,483**
2,483
-
-
**-**
-
-
667
**667**
667
-
269
**269**
128
-
2,280
**2,280**
211
-
2,648
**2,648**
2,648
-
-
-
-
3,800
6,232
2,361
816
**3,800**
**6,232**
**2,361**
**816**
2,201
6,232
2,949
6,075
40,850
-
**40,850**
27,538
42,287
-
**42,287**
59,921| ||83,137
24,681
**107,818**
116,514| 3 | P a g e St. Timothy’s Church, Crookes ## **NOTES TO THE FINANCIAL STATEMENTS For the year ended 31 December 2023** ## **1 VOLUNTARY INCOME** |Planned Giving
Collections at Services
Donations
Gift Aid
**Total**|**Unrestricted**
**£**
**Restricted**
**£**
**2023 Total**
**£**
**2022 Total**
**£**
109,157
230
**109,387**
108,649
1,919
2,316
**4,235**
3,038
7,194
1,111
**8,305**
10,122
24,625
-
**24,625**
22,589| |---|---| ||**142,895**
**3,657**
**146,552**
144,398| ## **2 OTHER VOLUNTARY INCOME** |Grants
**Total**|**Unrestricted**
**Restricted**
**2023 Total**
**2022 Total**
**£**
**£**
**£**
**£**
1,150
4,365
**5,515**
4,600| |---|---| ||**1,150**
**4,365**
**5,515**
4,600| ## **3 INCOME FOR CHURCH ACTIVITIES** |Funerals and Weddings
**Total**|**Unrestricted**
**Restricted**
**2023 Total**
**2022 Total**
**£**
**£**
**£**
**£**
606
269
**875**
2,020| |---|---| ||**606**
**269**
**875**
2,020| ## **4 ACTIVITIES FOR GENERATING FUNDS** |Youth and Children
Tuesday Social Club
Church Activities
Wednesday Lunch Club
Building Projects
**Total**|**Unrestricted**
**Restricted**
**2023 Total**
**2022 Total**
**£**
**£**
**£**
**£**
11,214
1,382
**12,596**
10,513
1,095
3,232
**4,327**
1,048
1,366
-
-
3,792
**1,366**
**3,792**
2,990
4,813
1,802
-
**1,802**| |---|---| ||**15,477**
**8,406**
**23,883**
19,364| 4 | P a g e St. Timothy’s Church, Crookes ## **NOTES TO THE FINANCIAL STATEMENTS For the year ended 31 December 2023** ## **5 TRADING INCOME** |**TRADING INCOME**|| |---|---| |Hall
**Total**|**Unrestricted**
**Restricted**
**2023 Total**
**2022 Total**
**£**
**£**
**£**
**£**
23,077
-
**23,077**
14,806| ||**23,077**
**-**
**23,077**
14,806| ## **6 CHARITABLE GIVING GRANTS** |**CHARITABLE GIVING GRANTS**|| |---|---| |Assist
Sheffield Women’s
Asha
Disasters Emergency Committee
Christian Aid
A Rocha UK
Snow Project
Church Mission
Tearfund
S6 Foodbank
Ukraine Appeal
Trussell Trust
Other
RBL
**Total**|**Unrestricted**
**Restricted**
**2023 Total**
**2022 Total**
**£**
**£**
**£**
**£**
-
67
**67**
124
-
274
**274**
-
-
-
**-**
1,489
-
252
**252**
-
-
173
**173**
167
-
-
**-**
219
-
-
**-**
312
-
86
**86**
137
-
-
**-**
105
107
**107**
422
-
-
**-**
83
-
-
**-**
256
-
63
**63**
112
-
-
**-**
84| ||**-**
**1,022**
**1,022**
3,510| ## **7 ACTIVITIES DIRECTLY RELATED TO THE WORK OF THE CHURCH** |Common Fund Giving
Church Event Costs
Assigned Fees
**Total**|**Unrestricted**
**Restricted**
**2023 Total**
**2022 Total**
**£**
**£**
**£**
**£**
70,000
-
**70,000**
70,000
3,372
10,179
**13,551**
7,919
-
128
**128**
147| |---|---| ||**73,372**
**10,307**
**83,679**
78,066| 5 | P a g e St. Timothy’s Church, Crookes ## **NOTES TO THE FINANCIAL STATEMENTS** ## **For the year ended 31 December 2023** ## **8 CHURCH HALL** |**8 CHURCH HALL**|| |---|---| |Maintenance
Broadband
Subscriptions
Utilities
Insurance
**Total**
**9 SALARIES**
Administration
Church Cleaning
Youth
Wednesday Lunch Club
Halls
Natter
National Insurance & Pension
**Total**|**Unrestricted**
**Restricted**
**2023 Total**
**2022 Total**
**£**
**£**
**£**
**£**
1,705
-
**1,705**
3,858
481
-
**481**
62
-
-
**-**
-
4,835
-
**4,835**
3,313
2,744
-
**2,744**
1,780| ||**9,765**
**-**
**9,765**
9,013| ||**Unrestricted**
**Restricted**
**2023 Total**
**2022 Total**
£
£
**£**
**£**
9,996
-
**9,996**
9,611
2,812
-
**2,812**
3,554
29,783
-
**29,783**
21,421
-
3,375
**3,375**
2,501
6,679
-
**6,679**
5,482
-
2,680
**2,680**
684
6,165
-
**6,165**
5,192| ||**55,435**
**6,055**
**61,490**
48,445| |**10 TUESDAY SOCIAL CLUB**||||| |---|---|---|---|---| ||**Unrestricted**|**Restricted**|**2023 Total**|**2022 Total**| ||**£**|**£**|**£**|**£**| |Cost of events|1,506|1,717|**3,223**|1,007| |**Total**|**1,506**|**1,717**|**3,223**|1,007| |**11 YOUTH AND CHILDREN’S MINISTRY**||||| ||**Unrestricted**|**Restricted**|**2023 Total**|**2022 Total**| ||**£**|**£**|**£**|**£**| |Children & Youth cost of events|10,856|1,970|**12,826**|7,872| |**Total**|**10,856**|**1,970**|**12,826**|7,872| 6 | P a g e St. Timothy’s Church, Crookes ## **NOTES TO THE FINANCIAL STATEMENTS For the year ended 31 December 2023** ## **12 CHURCH MANAGEMENT AND ADMINISTRATION** |Clergy and Vicarage Costs
Training
Administrative Costs
Maintenance and Upkeep
Insurance
Utilities
**Total**|**Unrestricted**
**Restricted**
**2023 Total**
**2022 Total**
**£**
**£**
**£**
**£**
1,184
-
1,184
2,014
350
-
350
660
5,617
-
5,617
3,763
17,252
-
17,252
10,015
2,744
-
2,744
3,251
4,144
-
4,144
2,691| |---|---| ||**31,291**
**-**
**31,291**
22,394| |**13 GOVERNANCE**
Accountancy Fees
Payroll Fees
Audit Fee
Professional Fees
**Total**|**Unrestricted**
**Restricted**
**2023 Total**
**2022 Total**
**£**
**£**
**£**
**£**
4,500
-
**4,500**
4,125
510
-
**510**
287
375
-
**375**
350
-
-
**-**
-| |---|---| ||**5,385**
**-**
**5,385**
4,762| |**14 DEBTORS**
Trade Debtors
Other Debtors
Accrued Income
**Total**
**15 CREDITORS**
Creditors due within one year
**Total**|**Unrestricted**
**Restricted**
**2023 Total**
**2022 Total**
**£**
**£**
**£**
**£**
103
-
**103**
634
1,125
-
**1,125**
-
3,080
-
**3,080**
872| |---|---| ||**4,308**
**-**
**4,308**
1,506| ||**Unrestricted**
**Restricted**
**2023 Total**
**2022 Total**
**£**
**£**
**£**
**£**
(375)
(591)
**(966)**
(1,864)| ||**(375)**
**(591)**
**(966)**
(1,864)| 7 | P a g e St. Timothy’s Church, Crookes ## **NOTES TO THE FINANCIAL STATEMENTS For the year ended 31 December 2023** ## **16 RECONCILIATION OF FUND BALANCE** |Natter
Asha
Organ
Defibrillator
Assigned Fees
Charitable Giving
Community Hub - Covid 19
Xmas Tree Festival
Eco Projects
Toddlers
Wednesday Lunch Club
Halls
General Fund
**Total**|**Balance b/f**
**£**
**Income**
**£**
**Expenditure**
**£**
**Balance c/f**
**£**
**3,981**
-
(2,680)
**1,301**
**1,480**
344
-
**1,824**
**2,483**
-
-
**2,483**
**667**
-
-
**667**
**128**
269
(128)
**269**
**211**
3,091
(1,022)
**2,280**
**2,648**
-
-
**2,648**
**2,201**
**6,232**
**2,949**
**6,075**
3,317
-
1,382
8,294
(1,718)
-
(1,970)
(13,553)
**3,800**
**6,232**
**2,361**
**816**
**27,538**
23,077
(9,765)
**40,850**
**59,921**
160,211
(177,845)
**42,287**| |---|---| ||**116,514**
**199,985**
**(208,681)**
**107,818**| 8 | P a g e ## St. Timothy’s Church, Crookes ## **17 PRIOR YEAR SOFA FOR THE YEAR ENDED 31 DECEMBER 2022** |**Note**
**INCOME FROM**
Voluntary Income
1
Other Voluntary Income Resources
2
Income for Church Activities
3
Activities for Generating Funds
4
Trading Income
5
**EXPENDITURE ON**
Charitable Giving Grants
6
Activities Directly Related to the Work of the Church
7
Church Hall
8
Salaries
9
Tuesday Social Club
10
Youth and Children’s Ministry
11
Church Management and Administration
12
Governance
13
Net (expenditure)/income
Transfer between funds
Total funds brought forward
Total funds carried forward|**Unrestricted**
**Funds**
**Restricted**
**Funds**
**2022 Total**
**2021 Total**
£
£
**£**
£
141,527
2,871
**144,398**
149,134
-
4,600
**4,600**
5,489
1,736
284
**2,020**
2,231
10,857
8,507
**19,364**
10,348
14,806
-
**14,806**
8,038| |---|---| ||168,926
16,262
**185,188**
175,240| ||-
3,510
**3,510**
4,193
73,770
4,296
**78,066**
85,336
9,013
-
**9,013**
4,795
45,260
3,185
**48,445**
40,000
575
432
**1,007**
1,669
7,711
161
**7,872**
11,212
17,126
5,268
**22,394**
20,956
4,762
-
**4,762**
5,566| ||158,217
16,852
**175,069**
173,727| ||10,709
(590)
**10,119**
1,513
-
-
**-**
-
76,750
29,645
**106,395**
104,882| ||87,459
29,055
**116,514**
106,395| 9 | P a g e St. Timothy’s Church, Crookes ## **18 PRIOR YEAR BALANCE SHEET FOR THE YEAR ENDING 31 DECEMBER** |**Note**
Current Assets
Cash at bank and in hand
Debtors
14
Total Assets
Creditors
Amount due within 1 year
15
Net Assets
Funds
16
Natter
Asha
Organ
Lighting
Defibrillator
Assigned Fees
Charitable Giving
Community Hub – COVID 19
Xmas Tree Festival
Eco Projects
Toddlers
Wednesday Lunch Club
Halls (Designated)
General (Unrestricted)|**Unrestricted**
**Funds**
**Restricted**
**Funds**
**2022 Total**
**2021 Total**
£
£
**£**
£
87,226
29,646
**116,872**
110,847
1,506
-
**1,506**
5,603
88,732
29,646
**118,378**
116,450| |---|---| ||(1,273)
(591)
**(1,864)**
(10,055)| ||**87,459**
**29,055**
**116,514**
106,395| ||-
3,981
**3,981**
4,665
-
1,480
**1,480**
1,989
-
2,483
**2,483**
2,483
-
-
**-**
1,500
-
667
**667**
667
-
128
**128**
(9)
-
211
**211**
441
-
2,648
**2,648**
2,648
-
-
-
-
2,201
6,232
2,949
6,075
**2,201**
**6,232**
**2,949**
**6,075**
150
10,000
1,712
3,399
27,538
-
**27,538**
21,745
59,921
-
**59,921**
55,005| ||87,459
29,055
**116,514**
106,395| 10 | P a g e St. Timothy’s Church, Crookes ## **Independent examiner's report on the accounts** ## **Section A Independent Examiner’s Report** |**Report to the trustees**
**On accounts for the year**
**ended**|Charity Name
**THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF ST**
**TIMOTHY'S CROOKES**|Charity Name
**THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF ST**
**TIMOTHY'S CROOKES**| |---|---|---| |||| ||31 December 2023
**Charity no**
**(if any)**|1172252| I report to the trustees on my examination of the accounts of the above charity (“the Trust”) for the year ended **31/12/2023** . ## **Responsibilities and basis of report** As the charity's trustees, you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 (“the Act”). I report in respect of my examination of the Trust’s accounts carried out under section 145 of the 2011 Act and in carrying out my examination, I have followed all the applicable Directions given by the Charity Commission under section 145(5)(b) of the Act. 11 | P a g e St. Timothy’s Church, Crookes ## **Independent examiner's statement** I have completed my examination. I confirm that no material matters have come to my attention in connection with the examination which gives me cause to believe that in, any material respect: - the accounting records were not kept in accordance with section 130 of the Charities Act; or - the accounts did not accord with the accounting records; or - the accounts did not comply with the applicable requirements concerning the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the accounts give a ‘true and fair’ view which is not a matter considered as part of an independent examination. I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached. **----- Start of picture text -----**
Date: 1.4.24
Signed:
Name: Judith McCoy – JSM Accounting Services Limited
Address: 32 Clough Grove
Oughtibridge
Sheffield
**----- End of picture text -----**
12 | P a g e