2023-12-31-accounts

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ANNUAL REPORT AND FINANCIAL STATEMENTS

For the year ended 31 December 2023

The Parochial Church Council of the Ecclesiastical Parish of North Stoneham and Bassett Registered Charity No. 1175931

1.	Aims and Purposes ......................................................................................................................................... 2
2.	Objectives and Activities ................................................................................................................................ 2
3.	Achievements and Performance .................................................................................................................... 2
	3a Regular worship, open to all ......................................................................................................................... 2
	3b Provision of sacred space for worship, prayer and contemplation as well as space for community
	activities. ............................................................................................................................................................ 3
	3c Pastoral work, including care of the sick and bereaved ................................................................................ 4
	3d Provision of Christian activities for all ages ................................................................................................... 4
	3e Promotion of Christianity through events, meetings, and the distribution of literature ............................. 5
	3f Supporting charities in the UK and overseas. ................................................................................................ 5
4.	Financial Review ............................................................................................................................................. 5
5.	Volunteers ...................................................................................................................................................... 7
6.	Future Plans .................................................................................................................................................... 7
7.	Administrative Information ............................................................................................................................ 8
8.	Structure, Governance and Management ..................................................................................................... 9
	Safeguarding....................................................................................................................................................... 9
	Deanery Synod ................................................................................................................................................... 9
	Standing Committee .......................................................................................................................................... 9
	Other Subcommittees ........................................................................................................................................ 9
9.	Annual Fabric Report – 2023 .......................................................................................................................... 9
Financial Statements ............................................................................................................................................ 12

1. Aims and Purposes

The Parochial Church Council of North Stoneham and Bassett (PCC) has the responsibility of cooperating in the ecclesiastical parish with the incumbent, the Reverend Sheena Williams, in promoting the whole mission of the church, pastoral, evangelistic, social and ecumenical. The PCC is also specifically responsible for the maintenance of the buildings of St Nicolas’ Parish Church, All Saints’ Church Centre, All Saints’ Lodge, St Michael and All Angels’ Church and the Parish Hall.

2. Objectives and Activities

The PCC is committed to celebrating and sharing the good news of God’s love and purposes revealed in Jesus Christ, enabling as many people as possible to worship at our three churches and to become part of our parish communities. The PCC aims to help people to live out their lives of faith through the following:

a. Provision of regular worship, open to all.
b. Provision of sacred space for worship, prayer and contemplation as well as space for community activities.
c. Pastoral work, including care of the sick and bereaved.
d. Provision of Christian activities for all ages.
e. Promotion of Christianity through events, meetings, and the distribution of literature.
f. Supporting charities in the UK and overseas

When planning objectives and activities for the year, the Rector, the Churchwardens 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.

3. Achievements and Performance

3a Regular worship, open to all

2023 saw a return to a more normal pattern of worship and the end of most Covid precautions. The morning service at St Michael’s and some special evening services continue to be live-streamed and this year the PCC received faculty permission to install fixed AV equipment at St Michael’s to make the process easier. We have also recruited a few more volunteers to the AV team.

There is a huge diversity in the style and type of worship in our three churches which continues to be something about which we rejoice. All Saints’ provides warm and informal liturgical worship, St Michael’s excels in a choral liturgical tradition, and St Nicolas’ holds traditional worship in the morning and worship for all ages in the afternoon with contemporary music and an informal feel. Numbers are increasing for this service, with some people joining from the café church community.

Café church at St Nicolas’ moved out of the building into the YMCA this year and in its new location is reaching out to different families, and seeing new volunteers from the community who are not otherwise part of the church.

A major piece of work for the PCC this year was a review of our patterns of worship, and how to make it sustainable with a reduced number of full-time clergy in the parish. A consultation was held in which more than 50 people participated in meetings, and another 20 responded to an online survey. A new pattern was adopted in April 2023 and implemented in the summer.

Regular weekday Morning Prayer, at two different times each morning, has continued throughout the year. All Saints’ held a week of prayer in July taking the Psalms as a theme, with the church open at regular times for reflection and prayer throughout the week. Several different members of the congregation created several prayer stations.

Taizé services were held on the last Friday of every month except August and December. These contemplative services conclude with a shared supper.

Special services were held to mark Holy Week, Remembrance Sunday, Advent and Christmas in all three churches.

A service of prayer for Ukraine on the anniversary of the Russian invasion was held, and we celebrated Creationtide in September. We also marked the Coronation of King Charles III with a service of thanksgiving, a garden party at the Rectory and events at North Stoneham and All Saints’ in conjunction with community group partners.

As well as regular worship, we continue to enable our local community to mark life’s milestones in Christian worship. In 2023, clergy and LLMs conducted 2 weddings, 8 baptisms, 12 funerals and 5 burials of ashes.

Under the direction of Andrew Hanley, the choir at St Michael’s has continued to flourish and we have appointed a choral and an organ scholar this year. It has been a particular joy to see an enthusiastic group of volunteers help our junior choir throughout 2023, where numbers have fluctuated but ended the year with around 10 highly committed regulars. In particular, the contribution of the junior choir singing at our monthly All Age worship means that this service continues to be the liveliest and bestattended service of the month amongst all our churches. Children’s work has continued, and the Pray & Play area was further enhanced with new materials this year.

At St Nicolas’, the installation of a creative corner in September provided a space for people of all ages to enjoy active prayer and faith exploration.

Also at St Nicolas’, the School of Worship has continued through 2023, although attendance at this has not been as regular as had been hoped. It has, nonetheless, achieved its aim of helping musicians grow in confidence and competence in leading contemporary worship music and forming a worship band.

At All Saints’ a small group of talented musicians has led the music every week and this has greatly enhanced our worship together.

The PCC thanks all our musicians, singers and organists who communicate the life and love of God so faithfully in musical expression.

3b Provision of sacred space for worship, prayer and contemplation as well as space for community activities.

All Saints’ is very well-used by the community and also by groups organised by the church. This includes Monday Company, Coffee Call-in and the All Saints’ Ladies’ Group. A Community Coffee morning at St Michael’s in the Parish Hall and the Living Room well-being café at St Nicolas’ provide a welcome space for people to connect with one another, each of these activities seeing new people come along this year. In the winter of 2022-23, All Saints’ launched itself as a Warm Welcome Space

in response to the cost of living crisis and the rising cost of energy. The PCC committed itself to funding the increased energy costs to provide space for the community to meet in hard financial times. This was attended by a number of people from the community who enjoyed the opportunity to drop in. Fabric upgrades have improved the space, but participation was not high enough for this to be repeated in the winter of 2023-24.

The most exciting use of St Michael’s this year has been through our concert series in the spring, summer and autumn, which saw hundreds of people attend concerts by local musicians, with several ensembles from the University of Southampton attracting a young audience to the church building.

All Saints’ continues to be the best-used building by the community, and the situation at the Parish Hall has somewhat improved this year, although it still cost more to run than it generated in letting income (the deficit was around £450 compared to £860 in 2022).

The PCC continues to be responsible for the maintenance of buildings within the parish and our thanks and gratitude goes to the churchwardens and their assistants who have worked hard with regard to ongoing maintenance and repair. The churchwardens’ fabric report can be found in section 9 of this report.

3c Pastoral work, including care of the sick and bereaved

The PCC supports a team of ordained and lay ministers who work to offer pastoral ministry to all who require it. The Revd Sarah Archer, our curate, led the pastoral team very ably until she left for her new post in June 2023. This team visits people at home with communion when they are unable to get to church and takes a service of Communion each month in Southampton Manor and in Fernside Court. In the autumn of 2023, a new pastoral care co-ordinator was appointed who now co-ordinates regular pastoral team meetings.

The pastoral care team has done a great job keeping in contact with those who are housebound. Easter and Christmas cards were sent out to those unable to return to the church building for worship.

The ministry team also undertakes pastoral work, including welcoming and preparing families for baptism, preparing couples for marriage, visiting the bereaved in preparation and planning for funerals and offering pastoral care following a bereavement.

2023 has seen some changes to the ministry team. The Revd Sarah Archer successfully completed her curacy training and left the parish to take up a new post. We were joined for a time by the Revd Ellie Phipps as she completed her curacy with a placement in this parish until she too found another position. Canon Norman Boakes celebrated his 50[th] anniversary of ordination as a Deacon, and the parish was delighted to celebrate with him.

3d Provision of Christian activities for all ages

St Nicolas’ has continued its inter-generational approach to worship at 4pm. Additionally, outreach family events were held on North Stoneham Park at Easter, Hallowe’en and Christmas, thanks to the vision and energy of our Licensed Lay Worker, and partnership with the North Stoneham Community Group. Hundreds of people took part in an Easter Egg trail, a Supper trail at Hallowe’en and a Christmas Tree Light switch-on with carols around the tree.

A parish pilgrimage just before Pentecost saw a group from different congregations walk and pray in all three church buildings.

The monthly All Age worship service at St Michael’s has continued to grow and attract new families and this is supplemented with regular children’s work, and contributions of the junior choir.

Many of our drop-in events are highly valued by older people and we are delighted that the Living Room at St Nicolas’ draws in a wide range of ages.

3e Promotion of Christianity through events, meetings, and the distribution of literature

Our social media presence has suffered slightly from the lack of someone to manage and maintain it, but worship continues to be live-streamed each week from St Michael’s.

Christmas 2023 saw more than 1400 knitted and crocheted Christmas trees “dropped” on North Stoneham Park and in Bassett, each with an invitation to Christmas services and events attached.

In 2023, a new lay-led expression of church, rooted in St Nicolas’ began on North Stoneham Park. This “Clockhouse” is led by Sammy and Shaun Jordan who are participating in the national Myriad programme. Diocesan support for the North Stoneham Project was withdrawn in the summer of 2023 but the PCC is supporting activities there as much as it can and is grateful for good relationships with local partners in the YMCA and the Community Group.

3f Supporting charities in the UK and overseas.

Basics Bank and SCRATCH

All three churches in our parish support either the Southampton City Mission Basics Bank or Eastleigh Basics Bank. Regular food donations have continued throughout 2023. At Christmas, we had another very good response to our Christmas Hamper and Toy Appeal. After contact this year with Two Saints, a charity working with homeless people, the PCC decided to support this organisation with its UK mission giving in 2023.

Myanmar

We have remained in regular contact with our link Diocese, Hpa An, in Myanmar regularly praying for their activities there. We have sent funds to the Diocese’s Karen Anglican Mission to the Border (KAMB) where much work is done with Myanmar refugees in the border region in Thailand. We regularly receive reports on how these funds are spent and this year they have been largely used to support health care costs for clergy and their families. Funds were also contributed following extensive cyclone damage to refugee boarding houses and church buildings.

4. Financial Review

Once again, we are very grateful to the members of the church congregations for their continued generous giving.

Income

Total income received during the year amounted to £162,347 (£161,596), a small increase of 0.5%.

Planned Giving via the Parish Giving and Stewardship schemes has seen a significant increase of 12% during the year to £64,523 (£57,389) before Gift Aid. The benefits to our cash flow and the reduced administration continue to be greatly appreciated.

No legacies were received in 2023 (previous year: £14,695).
Grants amounting to £1,000 (£3,395) were accounted for in the year and we are very grateful to the following organisations for their financial support which included:
Southampton Voluntary Services – £500 funding for running Warm Space at All Saints’.
The Richard Kirkman Trust – £500.

We also received an annual £70 donation from the Commonwealth War Graves Commission.

• Investments

Investment income was increased at £10,738 (£6,888), mainly due to the increase in bank interest rates on cash balances.
Our investment portfolios increased in capital value by £10,048 (decrease of £17,588).
Rental income from All Saints' Lodge, Old All Saints', together with car parking fees at St Michaels' increased to £22,320 (£14,075) due to both buildings being fully let (last year saw lower income than usual due to All Saints’ Lodge being vacant for several months while refurbishments were carried out).
Community Usage of Buildings - The income received from community usage of our buildings has increased this year to £19,551 (£13,186), with increased usage for all of our buildings.

Expenditure

Total expenditure during the year amounted to £177,378 (£181,665).

Mission - We met in full our commitment to the Diocesan Common Mission Fund amounting to £60,750 (£58,032). We also donated £2,000 to homelessness charity Two Saints and have allocated £2,000 to our mission partner, Karen Anglican Mission in the Border (on the Thai side of the Myanmar/ Thailand border).
All Saints' Lodge (ASL) – Major repairs were undertaken to the roof costing £3,840 and the frontage/pathway costing £3,300.
Improvements to Facilities - During this year, a major upgrade of AV streaming facilities at St Micheals was made at a cost of £14,417.
Utilities – The total cost of utilities was £22,495 (£12,301), an increase of 83% driven mainly by rising gas prices.

Looking Forward

We are budgeting a surplus of £3,985 for 2024. We are optimistic that community usage of buildings and our investment properties will continue to provide a reliable source of income.
We continue to research alternatives to the present gas fired heating arrangements at all our buildings as some are well overdue for replacement, inefficient and may not be repairable if they should fail.
Further expenditure on buildings is expected to address the items identified in the Ql reports and to develop our building in line to support our outreach and mission.

General Fund - Reserves Policy

Our policy is to maintain a balance of free reserves (net current assets), equivalent to three months of our budgeted, general fund expenditure. This provision is held to smooth out any fluctuation in our cash flow requirements and to also meet any emergency or disruption to our expected income. Our target reserve figure is currently £35,000.

The balance of free reserves held at the year-end was £49,976 (£29,277), which significantly exceeds our target. As such, we expect to partially reverse last year’s transfer to restore our General Fund reserves by moving £15,000 back to designated (but unrestricted) Parish funds.

Other Funds

Designated Fabric Fund - We have transferred a further £10,000 to this fund. Expenditure on the roof to All Saints' Lodge (£3,840), exterior maintenance work at St Michaels (£3,355) and work on new noticeboards for All Saints' and St Michaels (£674) means that the fund now amounts to £29,329. These funds will be utilised on the anticipated works following the Quinquennial Inspections. In the short term, this partially offsets the deficit balance of £42,181 carried on the St Nicolas' Fabric Fund following the completion of Phase 1. We anticipate that the final instalment of the S106 grant from Eastleigh Borough Council will clear this deficit when received and provide funding for Phase 2.

Parish Development Funds - We have used these funds to support the development of our facilities, including a major upgrade to the AV streaming system at St Michael’s.

These reserves are held on short term deposit accounts with banks and building societies.

Full financial statements are provided from page 12 of this report.

5. Volunteers

The clergy and PCC would like to say a very big thank you to all the volunteers in the parish for their continuing support and hard work, much of which goes unseen. It would simply not be possible to achieve what we do without the generous giving of money, time and talent to the life of the parish. Thank you.

6. Future Plans

2024 began with Sheena’s three month study leave, followed by unexpected extended sickness absence. The PCC and churchwardens are hugely grateful to the Ministry Team (Norman Boakes, YinYin Bull, Sammy Jordan and Malcolm Harper) for enabling worship to continue as planned in all three churches. While any development plans for the mission of the parish have not observably progressed, these months have provided us with the opportunity to work together in new ways. Thanks to the dedication of the churchwardens, Ministry Team, PCC and all parish groups and teams, none of our ongoing activities have been compromised during this period. We hope that this increased sense of community and shared purpose will enable us to be ready to refocus for future developments in the coming months.

7. Administrative Information

The Parish of North Stoneham and Bassett (comprising the churches of St Nicolas, North Stoneham, St Michael and All Angels, Bassett and All Saints’ Church Centre) is part of the Diocese of Winchester and our visitor and postal address is The Parish Office, The Parish Hall, St Michael and All Angels’ Church, Bassett Avenue, Southampton, Hampshire SO16 7FD. Our Registered charity number is 1175931.

The PCC met on six occasions in 2023.

PCC Members and Deanery Synod Representatives are elected for a term of three years, unless replacing a member who has retired part-way through their term of office. PCC members who have served in 2023 are:-

CHAIR	Revd. Sheena Williams
CLERGY	Canon Norman Boakes
	Revd. Sarah Archer (until June 2023)
LICENSED LAY WORKER	Sammy Jordan
CHURCH WARDENS	Roger Baker
	Helen Carmichael (from May 2023)
DEANERY SYNOD REPRESENTATIVES	Alan Logan (2026)
	2 vacancies
MEMBERS OF PCC	Andy Carmichael (2024)
	Lynne Smith (Secretary until May 2023) (2024)
	Sandra Berry (2024)
	Sarah Kuzan (2024)
	Alison Ball (Safeguarding officer) (2025)
	Roderick Anderson (Vice Chair) (2025)
	Shaun Jordan (Treasurer until May 2023) (2025)
	Robin Robson (2025)
	Hazel Anderson (2026)
	Alexandra Babbage (2026)
	Sue Logan (2026)
	Sarah Glanville (Secretary from May 2023) (2026)
MEMBERS CO-OPTED	Philip Clarke
	Sue Beare

The PCC Treasurer is Hannah Loftus, appointed by the PCC in May 2023. She is not a PCC member and therefore not a trustee. She attends PCC and Standing Committee meetings.

8. Structure, Governance and Management

The method of appointment of PCC members is set out in the Church Representation Rules. All Church attendees are encouraged to register on the Electoral Roll and stand for election to the PCC.

Safeguarding

Safeguarding in the parish is part of the responsibility of PCC members. While it is everyone’s responsibility to promote a culture of safeguarding in our parish, as trustees, the PCC has responsibility to ensure that all policies and procedures are in place and up to date.

The PCC is complying with their duty under Section 5 of the Safeguarding and Clergy Discipline Measure 2016, as well as with its duty to have “due regard” to the House of Bishops’ guidance in relation to safeguarding. Safeguarding policies are reviewed regularly to ensure that they are up to date and in line with the Diocesan Guidelines and the parish is using the Church of England’s Safeguarding Dashboard to monitor its progress in good safeguarding practice. The Parish Safeguarding Officer is normally appointed annually at the Annual Parochial Church Meeting, but in November 2023 Helen Carmichael was appointed as an additional Parish Safeguarding Officer to work alongside our existing appointee as she prepares to step down in 2024.

All PCC members are now required to be DBS checked and undertake Basic Safeguarding training.

Deanery Synod

We currently have one lay parish representative on Deanery Synod (with two lay vacancies) together with our Rector and licensed clergy. Deanery Synod provides the PCC with an important link between the parish and the wider structures of the Church.

Standing Committee

The Standing Committee is elected annually by the newly formed PCC. The Committee conducts ongoing routine PCC business and is chaired by the Rector and includes the Churchwardens, the PCC Secretary and the PCC Treasurer. It has met on 4 occasions in the last financial year.

Other Subcommittees

As well as the Standing Committee, we have other subcommittees and support groups to ensure that the PCC can make informed decisions for the whole parish. The current regular and ad hoc working groups are the St Michael’s Music Committee, the St Nicolas’ Working Group, Patterns of Worship Review Group and the Eco Church group. These all report regularly to the PCC.

9. Annual Fabric Report – 2023

Prepared by the churchwardens

Annual Fabric Report – 2023

We are required to undertake a 5 yearly, Quinquennial Inspection (QI) of our church buildings utilising a suitably qualified architect. The QI provides us with an up-to-date report on the condition of each building and recommendations on works which will be required immediately, or over the following 5 years.

All Saints’ Church Centre

Quinquennial Inspection (QI): due in 2024

Works undertaken during 2023.

New pedestrian entrance to Winchester Road and external landscaping
Major replumbing

Works Outstanding

Refurbishment of kitchen
External redecoration
Replacement of vertical tiles with cladding.
Insulation

All Saints’ Lodge

The property has been let to a tenant since November 2022.

Works undertaken during 2023.

As suggested in the Report for 2022 a survey of the building was carried out. Lack of ventilation, both in the house and in particular in the roof space was identified as the cause of the mould developing the house. No signs of rot were found in the roof. On the advice of the surveyor ventilation tiles have been fitted in the roof. The mould has been painted with antimould paint. No further complaints have been received from the tenant.

Works Outstanding

External redecoration

St Michael & All Angels

Quinquennial Inspection (QI) undertaken: April 2021.

Works undertaken during 2023

Running repairs to lighting; one uplighter replaced, stage lights bulbs replaced; spotlight on altar.
Major work was carried out externally – much degraded NW buttress cap replaced, broken tile on north aisle replaced, decrepit pointing generally around the building replaced. The damp area at the west end of the north aisle is now drying out, we are advised that this should take about a year.
Complete AV system was installed, with control desk fitted at West End of church, and cameras to cover the nave and chancel with microphones.

Noticeboards (3 sets) at the west end and in the south aisle

Works Outstanding

Work arising from QI – repairs to hopper and stained-glass window of South Transept/antechapel (and stonework)
Refurbishment/upgrade of toilet facilities.
Review alternative heating and lighting options. We have a survey suggesting ways forward. Starting with the heating we are looking at upgrading the boiler and optimising the heating from the current very inefficient system.

St Nicolas

Quinquennial Inspection (QI) undertaken: October 2021

Works undertaken during 2023.

Servicing of boiler and replacement of thermostat
Installed lock on Vestry door
Potholes in drive and car park filled in (ongoing)
A new noticeboard was fitted, on the south wall by the doorway into the Vestry

Works Outstanding

We have a stonemason ready to start work on the Churchyard wall; however, we have not yet heard from Hampshire about what they intend to do with the road. We have been in contact with the man in charge of the works at HCC, he has not yet replied.
Items outstanding from last QI not yet dealt with, mainly low-level masonry repairs and refurbishment of windows.
Improved lighting and electrical infrastructure
We intend to commission a survey of heating and lighting at St Nicolas this year (similar to the survey for St Michael’s)
External decoration to vestry
Improvements to car park, and churchyard paths.

Parish Hall

No work was undertaken. We are considering the future of this resource before recommending any further substantial expenditure. A sub-group of the PCC has been formed to investigate the future of the Parish Hall.

Financial Statements 12

Independent Examiner's Report to the Parochial Church Council of the Ecclesiastical Parish of North Stoneham and Bassett

I report on the annual accounts of the PCC for the year ended 31 December 2023, which are set out on pages 11 to 22.

Respective responsibilities of the PCC and the examiner

The PCC is responsible for the preparation of the accounts. The PCC considers that an audit is not required for this year under section 144 of the Charities Act 2011 (the 2011 Act) and that an independent examination is needed. It is my responsibility to:

(1) Examine the accounts under section 145 of the 2011 Act;

(2) To follow the procedures laid down in the general directions given by the Charity Commission under section 145(5)(b) of the 2011 Act; and

(3) To state whether particular matters have come to my attention.

Basis of Independent Examiner's report

My examination was carried out in accordance with the general directions given by the Charity Commission. An examination includes a review of the accounting records kept by the PCC and a comparison of the accounts presented with those records. It also includes consideration of any unusual items or disclosures in the accounts, and seeking explanations from the trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit and consequently no opinion is given as to whether the accounts present a "true and fair" view and the report is limited to those matters set out in the statement below.

Independent examiners' statement

In connection with my examination, no matter has come to my attention:

(1) which gives me reasonable cause to believe that in any material respect the requirements (a) to keep accounting records in accordance with section 130 of the Charities Act; and (b) to prepare accounts which accord with the accounting records and comply with the accounting requirements of the Charities Act, have not been met; or
(2) to which, in my opinion, attention should be drawn in order to enable a proper
understanding of the accounts to be reached.

C D G Driver, F.C.A.

Date: 30 April 2024

THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF NORTH STONEHAM AND BASSETT

STATEMENT OF FINANCIAL ACTIVITIES

For the year ended 31 December 2023

Note INCOME AND ENDOWMENTS Donations and legacies 2(a) Income from charitable activities 2(b) Other trading activities 2(c) Investments 2(d) TOTAL INCOME Expenditure on: Charitable activities 3(a) Raising Funds 3(b) TOTAL EXPENDITURE NET INCOME/(EXPENDITURE) before investment gains NET (LOSSES)/GAINS ON INVESTMENTS Transfers in between funds 7 Transfers out between funds 7 NET MOVEMENT IN FUNDS Funds brought forward at 1 January 2023 Funds carried forward at 31 December 2023	Unrestricted Restricted Endowment Total Total Funds Funds Funds 2023 2022 £ £ £ £ £ 100,492 1,535 - 102,027 123,623 3,544 240 - 3,784 3,819 19,638 1,835 - 21,473 13,191 33,078 1,985 - 35,063 20,963
	156,752 5,595 - 162,347 161,596
	152,541 13,291 - 165,832 153,539 10,221 1,325 - 11,546 28,126
	162,762 14,616 - 177,378 181,665
	(6,010) (9,021) - (15,031) (20,069) - 4,446 5,602 10,048 (17,588) 44,492 52,192 - 96,684 38,711 (35,672) (61,012) - (96,684) (38,711)
	2,810 (13,395) 5,602 (4,983) (37,657) 172,277 163,970 72,317 408,564 446,221
	175,087 150,575 77,919 403,581 408,564

The notes on pages 16 to 22 form part of these accounts.

THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF NORTH STONEHAM AND BASSETT

BALANCE SHEET AT 31 December 2023

Note Fixed Assets Tangible assets 8 Investments 8 Current Assets Debtors and prepayments 9 Short term deposits 1 Cash at bank and in hand 1 LIABILITIES Creditors: amounts falling due within one year 10 NET CURRENT ASSETS TOTAL ASSETS LESS CURRENT LIABILITIES Creditors: amounts falling due after one year 10 TOTAL NET ASSETS PARISH FUNDS Unrestricted 12 Restricted 12 Endowment 12	2023 2022 £ £ 45,332 36,662 142,515 132,467
	187,847 169,129
	5,473 6,685 203,733 198,446 18,939 44,865
	228,145 249,996 (12,411) (10,561)
	215,734 239,435
	403,581 408,564 - -
	403,581 408,564
	(0) 51,142 175,087 172,277 150,575 163,970 77,919 72,317
	403,581 408,564

Approved by the Parochial Church Council and signed on its behalf on 29 April 2023

Rod Anderson (PCC Vice-Chair)

The notes on pages 16 to 23 form part of these accounts.

THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF NORTH STONEHAM AND BASSETT

NOTES TO THE FINANCIAL STATEMENTS For the year ended 31 December 2023

1. ACCOUNTING POLICIES

Basis of preparation

The PCC is a public benefit entity within the meaning of FRS102. The financial statements have been prepared under the Charities Act 2011 and in accordance with the Church Accounting Regulations 2006 governing the individual accounts of PCCs, and with the Regulations' 'true and fair view' provisions, together with FRS102 as the applicable accounting standard and the 2016 version of the Statement of Recommended Practice, Accounting and Reporting by Charities (SORP(FRS102)). The financial statements have been prepared under the historical cost convention except for the valuation of investment assets which are shown at fair value.

ASSETS

Consecrated and benefice property

In so far as consecrated and benefice property of any kind is excluded from the statutory definition of 'charity' by Section 10(2) (a) and (c) of the Charities Act 2011, such assets are not capitalised in the financial statements.

Moveable church furnishings

These are capitalised at cost and depreciated over their useful economic life other than where insufficient cost information is available. In this case the item is not capitalised, but all items are included in the Church's inventory in any case.

Tangible fixed assets for use by charity

These are capitalised if they can be used for more than one year, and cost at least £1,000. They are valued at cost or else, for gifts-in-kind, at a reasonable estimate of their open market value on receipt.

Depreciation is calculated to write off the capitalized cost of fixed assets less their currently anticipated residual fair value over their estimated useful lives as follows:

Land Nil Fixtures & Fittings 5 to 10 years Plant & Equipment 5 to 10 years

No depreciation is provided on buildings as the currently estimated residual value of the properties is not less than their carrying value and the remaining useful life of these assets currently exceeds 50 years, so that any depreciation charges would be immaterial.

The fixed asset fund is an unrestricted fund (DESIGNATED - FIXED ASSETS). Where an asset has been purchsed using restricted funds, any income from the disposal of the asset will be credited against the restricted fund used to purchase the asset.

An impairment review is carried out at each year-end and any resultant loss identified included in expenditure for the year.

Investments

Investments quoted on a recognised stock exchange or whose value derives from them are valued at market value at the year end. Other investment assets are included at the PCC's best estimate of market value.

Short term deposits

These are held on deposit with the CCLA Church of England Deposit Fund or at a bank or building society.

The notes on pages 16 to 23 form part of these accounts.

THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF NORTH STONEHAM AND BASSETT

NOTES TO THE FINANCIAL STATEMENTS For the year ended 31 December 2023 (continued)

1. ACCOUNTING POLICIES (continued)

FUNDS

Unrestricted Funds

These represent the income funds of the PCC that are available for spending on the general purposes of the PCC, including amounts designated by the PCC for fixed assets for its own use or for spending on a future project and which are therefore not included in its free reserves as disclosed in the notes to the accounts.

Restricted Funds

These are income funds that must be spent on restricted purposes and details of the funds held and retrictions provided are shown in the notes to the accounts.

Endowment Funds

These are restricted funds that must be retained as trust capital either permanently or subject to a discretionary power to spend capital as income, and where the use of any income or other benefit derived from the capital may be restricted or unrestricted. Full details of any restrictions are shown in the notes to the accounts.

The notes on pages 16 to 23 form part of these accounts.

NOTES TO THE FINANCIAL STATEMENTS For the year ended 31 December 2023 (continued)

2. INCOME AND ENDOWMENTS

2(a) Voluntary income Planned giving Donations & Collections Tax recoverable Other Grants Legacies 2(b) Income from church activities Fees for weddings and funerals Other 2(c) Activities for generating funds Fundraising events Hall and Church lettings - community use Other 2(d) Income from investments Dividends Rent Interest Total income	Unrestricted funds Restricted funds Endowment funds 2023 2022 £ £ £ £ £ 76,233 770 - 77,003 76,911 6,075 30 - 6,105 10,064 16,946 155 - 17,101 16,974 168 580 - 748 1,584 1,070 - - 1,070 3,395 - - - - 14,695
	100,492 1,535 - 102,027 123,623
	3,544 - - 3,544 3,589 - 240 - 240 230
	3,544 240 - 3,784 3,819
	- 1,835 - 1,835 - 19,551 - - 19,551 13,186 87 - - 87 5
	19,638 1,835 - 21,473 13,191
	2,349 1,985 - 4,334 4,315 22,320 - - 22,320 14,075 8,409 - - 8,409 2,573
	33,078 1,985 - 35,063 20,963

	156,752 5,595 - 162,347 161,596

The notes on pages 16 to 23 form part of these accounts.

THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF NORTH STONEHAM AND BASSETT

NOTES TO THE FINANCIAL STATEMENTS For the year ended 31 December 2023 (continued)

3. EXPENDITURE

3(a) Church activities Missionary and charitable giving: -International -UK Diocesan Common Mission Fund Parish Mission Clergy and staffing Churches: running costs Churches: major repairs & decoration Depreciation Parish hall: running costs Parish hall: major repairs & decoration Parish Office: administration 3(b) Raising funds Stewardship costs Fundraising events Other PCC Property costs Total resources expended	Unrestricted funds Restricted funds Endowment funds 2023 2022 £ £ £ £ £ 2,000 - - 2,000 1,800 2,025 - - 2,025 1,825
	4,025 - - 4,025 3,625 60,750 - - 60,750 58,032 789 3,123 - 3,912 2,479 28,490 2,100 - 30,590 27,758 36,736 8,068 - 44,804 41,167 7,329 - - 7,329 8,333 5,747 - - 5,747 4,614 5,297 - - 5,297 4,774 - - - - - 3,378 - - 3,378 2,757
	152,541 13,291 - 165,832 153,539
	46 - - 46 44 - 1,325 - 1,325 - 10,175 - - 10,175 28,082
	10,221 1,325 - 11,546 28,126

	162,762 14,616 - 177,378 181,665

The notes on pages 16 to 23 form part of these accounts.

THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF NORTH STONEHAM AND BASSETT

NOTES TO THE FINANCIAL STATEMENTS For the year ended 31 December 2023 (continued)

4. ANALYSIS OF EXPENDITURE INCLUDING ALLOCATION OF SUPPORT COSTS

Support costs have not been re-allocated as these were not material.

PCC governance costs amounted to nil (2022:£nil). No fees were payable to the Independent Examiner in connection with his examination of the financial statements.

5. STAFF COSTS

STAFF COSTS
	2023	2022
Wages and salaries	£26,321	£23,657
Average no. of employees	3	3

The wages and salaries costs above include employer's National Insurance and Pension contributions, amounting to nil and £234 respectively.

6. RELATED PARTIES

Donations from related parties (PCC members and close family members) amounted to £25,181.

7. ANALYSIS OF TRANSFERS BETWEEN FUNDS

ANALYSIS OF TRANSFERS BETWEEN FUNDS
	Unrestricted		Restricted
	From	To	From	To
From General Fund to D Fabric (provision for repairs)	(10,000)	10,000	-	-
From D-Parish Development to General Fund	(20,000)	20,000	-	-
(to maintain reserves)
From D-Parish Development to D-Fixed Assets	(5,390)	5,390	-	-
(purchase of AV system)
From R-Parish Development to D-Fixed Assets		9,027	(9,027)	-
(purchase of AV system)
From R-Barbara Black Legacy to R-St Michael's Music	-	-	(51,910)	51,910
(merger of funds)
From General Fund to R-St Michael's Music	(125)	-	-	125
(reallocation of donation)
From General Fund to R-St Michael's Music	(157)	-	-	157
(reallocation of concert revenue)
From R-St Michael's Music to General Fund	-	75	(75)	-
(fee for use of St Michael's for fundraising event)

(35,672) 44,492 (61,012) 52,192

The notes on pages 16 to 23 form part of these accounts.

THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF NORTH STONEHAM AND BASSETT

NOTES TO THE FINANCIAL STATEMENTS For the year ended 31 December 2023 (continued)

8. Fixed assets Property Old All Saints - nominal value £1 Parish Hall - cost PCC Minutes 24Jun1956 All Saints Lodge - cost Finance Minutes 2Mar1963 Fixtures, fittings and equipment Cost brought forward Additions at cost Disposals at cost Cost carried forward Depreciation brought forward Depreciation on disposals Depreciation for year Depreciation carried forward Net book value at 31 December 2023 Net book value at 31 December 2022 Investments Investment portfolios: Market value at 1 January 2023 plus additions Revaluation gain Market value at 31 December 2023 9. CURRENT ASSETS - DEBTORS Debtors Tax recoverable Prepayments and accrued income	Unrestricted Restricted Endowment Total Total Funds Funds Funds 2023 2022 £ £ £ £ £ 1 - - 1 1 6,173 - - 6,173 6,173 3,247 - - 3,247 3,247
	9,421 - - 9,421 9,421
	43,650 - - 43,650 23,072 14,417 - - 14,417 20,578 - - - - 0
	58,067 - - 58,067 43,650
	16,409 - - 16,409 11,795 - - - - 0 5,747 - - 5,747 4,614
	22,156 - - 22,156 16,409
	45,332 - - 45,332 36,662
	36,662 - - *36,662* 20,698
	- 60,150 72,317 132,467 150,056 - - - - 0 - 4,446 5,602 10,048 (17,588)
	- 64,596 77,919 142,515 132,468
	2023 2022 1,467 - - 1,467 2,055 924 - - 924 2,117 3,082 - - 3,082 2,513
	5,473 - - 5,473 6,685

The notes on pages 16 to 23 form part of these accounts

THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF NORTH STONEHAM AND BASSETT

NOTES TO THE FINANCIAL STATEMENTS For the year ended 31 December 2023 (continued)

10 LIABILITIES Liabilities falling due within one year Creditors - Outstanding accounts payable Accruals PAYE outstanding Deferred income Agency collections Liabilities falling due after one year	Unrestricted Restricted Endowment Total Total Funds Funds Funds 2023 2022 £ £ £ £ £ (1,853) - - (1,853) (8,430) (7,311) (1,582) - (8,893) (771) (955) - - (955) - (677) - - (677) (1,360) - (33) - (33) -
	(10,796) (1,615) - (12,411) (10,561)
	- - - - -
	- - - - -

11 FUNDS Unrestricted:

General Fabric (Designated) Parish Development (Designated)

Purpose:

General purposes of the PCC Funds set aside for planned work on our buildings Legacies and donations designated for Parish Development.

Restricted:

Barbara Black Legacy North Stoneham Park Parish Development St Michael's Guild St Michael's Fabric St Nicolas Fabric St Nicolas Flower Fund

St Michael's Music All Saints

Purpose:

The enhancement of music in the worship at St Michael's Mission in North Stoneham Park (St Nicolas) Restricted legacies and donations for Parish Development Mission and Fabric - St Michael's Repairs and renewal of fabric of St Michael's. Repairs and renewal of fabric of St Nicolas Flowers at St Nicolas Promoting the use of music in the worship and liturgy of St Michael's

Mission and Fabric - All Saints

Endowment:

St Nicolas Lodge

Purpose:

Sale proceeds of a curate's house held in trust, with income for the religious and charitable purposes of the Parish of North Stoneham and Bassett.

The notes on pages 16 to 23 form part of these accounts.

THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF NORTH STONEHAM AND BASSETT

NOTES TO THE FINANCIAL STATEMENTS For the year ended 31 December 2023 (continued)

12. SUMMARY OF FUND MOVEMENTS

12. SUMMARY OF FUND MOVEMENTS
Funds brought forward Incoming resources Resources expended Investment gains Transfer between funds Balance at 31 December 2023 13. SUMMARY OF ASSETS BY FUND Tangible fixed assets Investments Current assets Liabilities: Amounts falling due in one year Amounts falling due after one year Balance at 31 December 2023 14. DETAILED FUND MOVEMENTS Unrestricted: General Fixed Assets (Designated) Fabric (Designated) Parish Development (Designated) Restricted: Barbara Black Legacy North Stoneham Park Parish Development St Michael's Music St Nicolas Fabric All Saints St Nicolas Flower Fund Endowment: St Nicolas Lodge Balance at 31 December 2023	B/Fwd 29,277 36,663 27,198 79,139 51,510 16,107 133,955 4,183 (42,181) 396 - 72,317	Unrestricted Restricted Endowment TOTAL £ £ £ £ 172,277 163,970 72,317 408,564 156,752 5,595 - 162,347 (162,762) (14,616) - (177,378) - 4,446 5,602 10,048 8,820 (8,820) - -
		175,087 150,575 77,919 403,581
		Unrestricted Restricted Endowment TOTAL £ £ £ £ 45,332 - - 45,332 - 64,596 77,919 142,515 140,551 87,594 - 228,145 (10,796) (1,615) - (12,411) - - - -
		175,087 150,575 77,919 403,581
		Incoming Outgoing Transfers Balance resources resources & Inv gains 31 Dec 2023 156,752 (145,847) 9,793 49,975 - (5,747) 14,417 45,333 - (7,868) 10,000 29,330 - (3,300) (25,390) 50,449 1,000 (600) (51,910) - - (3,490) - 12,617 - (3,253) (9,027) 121,675 3,685 (7,004) 56,563 57,427 375 (244) - (42,050) 375 - - 771 160 (25) - 135 - - 5,602 77,919
	408,564	162,347 (177,378) 10,048 403,581

The notes on pages 16 to 23 form part of these accounts.

Diocese ofwinchester Parish of North Stoneham & Bassett All Saints + St Michael & AIIAngels * St Nicolos FINANCIAL STATEMENTS For the year ended 31 December 2023 The Parochlal Church Council of the Ecclesiastical Parish of North Stoneham and Bassett Registered Charity No. 1175931

Independent Examlner's Report tothe Parochial Chrth Cwncll of the Eccleslastlcal Par15h of North Stoneham and Bassett I rewrton the annual accounts of the PCC for the year ended 31 December 2023, which are set out on pages ¥tDX. Respectlve responslbllttles of the PCC and the examiner The PCC is responsible tor the preparation ot the accounts. The PCC conslders that an audr( is not required tor this year under section 144 of the Ch3ritie5 Act 2011 Ithe 2011 Act) and that an independent examination is needed. It Is my responsibility to.. 111 Exarnine the accounts under sectlon 145 of the 2011 Act., 121 To follow the procedure513id down in the general direttiOn5 given by the Charlty Commlssion under settion 14515llbl of 131 To state whether particular matters have come to my attention. Basis of Independent Examlner's port My exarnination wa5 Carried out in èccord3ncÈ with the general directlons glven by the Charity Cornrni55ion. An examination includes 3 revlew of the accounting record5 kept by the PCC and a Comparison of the accounts presented wtth those records. It also Includes consideration of any unu5U31 items or disclosure5 in the accounts, and sÈÈking explanatlOn5 from the trustees ¢oncerning any such matters. The procedures undertaken do not provide all the evidence that would be requlred in an audit nd consequently no Dplnlon is given a5 to whetherthe accounts psellt a true 3nd falr. vlew and the report is limlted to those matters set out in the 5taternent below. Independent examlners. statement In connettion with my examination. no matter ha5 corne to my attentlon.. which gives rne reasonable cause to believe that in any matÈrial iespect the requlrements (al to keep 3ccounting records In 8ccordan¢e with section 130 of the ChaFltie5 Act-, and Ibl to prepare accounts which accord with the accounting records and comply with the accounting requSrement5 of the Charities Act, have not been met,. or 121 to whlch, In my opinion, attention should be drawn in orderto enable a proper understandlng of the accounts to be reached. Ive Dats.. 30 April 2024 The notes on paEe5Ax tg*A form part of these accounts. 4 111

THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF NORTH 5TONEHAM AND BASSE STATEMENT OF FINANCIAL AcfiviTIES Forthe year ended 31 Dt¢ernber 2023 UArestricled Restricted Endowment Funds Funds Funds Total 2023 Totul 2022 Note INCOME AND ENDOWMENT5 Donation5 and le8acie5 100.492 1,535 102N27 123,623 Incorne from charitsble activitles 21bl 240 3,784 3,819 Other 19,638 1,835 21A73 13,191 Investments 33,078 1,985 35x163 20,963 TOTAL INCOME 156,752 5.595 162347 161,596 Expendlture on.. Charitsble activEtles Raising Fund5 152,541 10,221 13,291 1,325 165,832 11,546 153,539 28.126 31bl TOTAL EXPENDITURE 16Z,762 14,616 177.378 181.665 NET INCOMEIIEXPENDITUREI bDre inveslmert galns NET ILOSSESIIGAINS ON INVE5TMENYS 16,0101 19,0211 115,0311 (20,069) 4,446 5,602 IOW8 117.588) Transfer5 in between funds Transfers out between funds 44,492 135.6721 52,192 161,0121 38.711 138,711) 196,6841 NET MOVEMENT IN FUNDS 2.810 113.3951 5,602 14.9831 {37.6571 Fund5 brought forward at l January 2023 172.277 163,970 72,317 408,564 446.221 Fund5 carrled fowward at 31 December 2023 175,087 150.575 77,919 403.581 408,564 The notes on page$ 4 to 11 forrn part of these accounts.

THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF NORTH STONEHAM AND BASSE BALANCE SHEET AT 31 Dember 20Z3 2023 2022 Note Nxed Assets Tangible a55ets Inve5tment5 45.332 142,515 36,662 132,467 187,847 169.129 Current Assets Debtors and prepzyments Short term deposits Cash at bank and in hand 5A73 203.733 18,939 6,685 198,446 44.865 228,145 249,996 UA8ILinES Creditors= amount5 falling due within one year io 112.4111 110,5611 NETCURReNT ASSETS 215,734 239,435 TOTAL ASSETS LESS CURRENT LIABILITIES 403,581 4Q8.56¢ Creditor$.' ¥mountsfallln8 due after one year io TofAL NET A55ET5 403,581 408,564 PARISH FUNDS Unrestricted 12 175.087 172.277 Restrlcted 12 150,575 163.970 Endowment 12 77,919 403,581 72,317 408.564 Approved by the Parochial Churrh Council and slgned on 5 beha on 29 Aprll 2024 Rod Anderson Ivlce-chalr PCCI The notss on pages 4 to 11 form part of these accounts.

THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF NORTH STONEHAM AND BASSETr NOTES TO THE FINANCIAL STATeMENTS For the year ended 31 December 2023 I. ACCOUNTING POUCIES Basls of preparation The PCC 15 a public benefit entity within the mezning of FR5102. The financial statements have been prepared under the Charitie5 Act 2011 and in accordance wlth the Church Accounting Regulations 2006 governlng the Indivldu31 accounts of PCC5. and with the Regulatlons true and fair view. provi5iOn5, together wlth FR5102 3$ the applicable accounting Standard and the 2016 version i)f the Staternent of Recornmended Practlce. Atcounting Reporting by Charities150RPIFRS10211. The financi31 Statements h3ve been prepared underthe hlstorical cost convention except for the valuation of inve5tfflent assets whlch are shown at falrvalue. A55ETS Consecrated and beneflce property In 50 far 35 consecrated and benefice property of any kind is excluded from the Statutory definition of 'rh3rity' by Section 10121 lal and Icl of the Charities Act 2011, such assets are not capitali5ed in the financlal staternents. Moveable churth furnishln8$ These are capitslised at cost and depre¢iated overtheir useful economlc lrfe other than where insufficient cost SnforTnation 15 available. In this case the Y(em Is not capitali5ed, but all items are included in the Church's inventory In any case. Tangiblefixed a55ets for use by charttv These are capitalised if they can be used for more than one year. and cost at least £1,000. They are valued at C05t or else, for glfts-in-klnd. at 3 reasonable estimate of thelr open rnarket value on rec@Ipt. Depreciation is calculated to write off the c3pita112ed costof fi¥ed assets less thelr curreTFtly anticipated resldual fair value over their estimated useful Ilves as follow5.. Land Fixtures & Flttin85 Plant & Equipment 5 to 10 years 5 to 10 years No depreciatlon Is provided on buildings 3S the Current estimated resldual value of the propertles is not less than their t2rrying value and the remaining useful life of these asset5 currently exceeds 50 years, so that any depreciation charges would be immaterial. The fixed asset fund 15 an unrestrlcted fund (DESIGNATED- FIXED ASSETS). Where an asset has been purchsed using restrirted funds, any income from the disposal of the a55et wlll be credited agalnst the restricted fund used to purch35e the asset. An Impairment review Is carrled out at each year-end and any resultant loss identified included in expendlture for the year. InvÈslments Investments quoted on a recognlsed stock exchange or whose value derlves frorn them are valuÈd at rnarket V81ue at the year end. Other investment a55ets are Intluded at the PCC'S best estimate of market value. Short term deposlts ThesÈ are held on deposlt with the CCLA Church of England Deposlt Fund or at a bank or building soclety. The notes on pages 4 to 11 forrn part of these accounts.

THE PAROCHIAL CHURCH COUNCIL OF THe ECCLESIASTICAL PARISH OF NORTH STONEHAM AND BASSE NOTES TO THE FINANCIAL STATEMEMfs For the year ended 31 December 2023 Icontlnuedl I. ACCOUNTING POLICIES Icontinuedl FU14DS Un¥estrirted Funds These repie5ent the income fund5 of the PCC that are 3vai13ble for spending on the general purposes of the PCC, Includlng amounts d@signatÈd by the PCC forfixed a55ets for its own use or for spending on a future project and which are therefore not Included In It's freÈ resenfes as disclosed in the notes to the accounts. Restrlcted Funds These are income funds that must be spent on restricted purposes and detalls of thÈ funds held and retrictlOn5 provided zre shown in the notes to the accounts. Endowment Funds These ore restricted fund5 that must be retalned as trust capftal either permanently or subject to a dlscretionary power to spend Capital 35 income, and where the use of any income or other benefit derived from the capltsl rnay be restricted or unrestrlcted. Full detai15 of any restrictions are shown In the notes to the acrounts. The notes on page$ 4t0 llfom) partof thw accounts.

THE PAROCHIAL CHURCH COUNCIL OF THE ECCLE51A5TICAL PARISH OF NORTH STONEHAM AND BASSE NOTES TO THE FINANCIALSTATEMENTS For the year ended 31 December 2023 Icontlnuedl INCOME AND ENI)OWMENTS Unrestrlcted Reslrirted Endowment 2023 2022 21al Voluntsry income Planned giving Donations & Collections Tax recovÈrable Other Grant5 Legacies 76,233 6,075 16.946 770 30 155 580 77,003 6,105 17,101 748 76.911 10,064 16,974 1,584 3,395 14.695 1.070 I70 100.492 1.535 102.027 123.623 21bl Income from church actlvltles Fee5 for weddings and funerals Other 3,S44 3,544 240 3,784 3,589 230 3,819 240 240 21cl Actlvltles forgeneratlngfunds Fundraislng event5 H8118nd Church lettings- cofflmunfcy use Other 1,835 1,835 19,551 87 21,473 19,551 87 19.638 13,186 1,835 13.191 21dl Incomefiom Investmer Dividends Rent 2,349 22.320 8,409 33,078 1,985 4,334 22,320 8A09 35,063 4.315 14,075 2,573 20.963 1,985 Total Income 15 .752 5.595 162,347 161.596 The notes on pages 4 to 11 form part of these account5.

THE PAROCHIAL CHURCH COUNCIL OFTHE ECCLESIASTICAL PARISH OF NORTH STONEHAM AND BASSETT NOTES TO THE FINANCIAL STATEMENTS For the year ended 31 December 2023 Icontlnuedl EXPENDITURE Unre5trirted Re51ricled Endowment 2023 2022 31al Chvr¢h artivities Mlssionary and charitable 8lvlng'. -Internationa5 -UK 2.1x0 2,025 1.800 1.825 2,025 4,025 4A125 3,625 DitstÈ5an Common Mlssion Fund Parlsh Mlsslon Clergy and staffing Churches.. running c05t5 Churches." major repalrs & decoration Depreciation Parish hall.. running costs P4rish hall.. rn3jor repairs & decoratlon Parish OFfice.' adrnini5tration 60,750 789 28.490 36,736 7,329 5,747 5,297 60,750 3,912 30,590 3,123 2,100 8,068 2.479 27.758 41.167 8,333 4,614 4,774 7,329 5,747 5,297 3.378 3,378 2,757 152,541 13,291 165.832 153,539 31bl Ralslng fvnds Stewardship costs Fundraising events other PCC Property costs 46 46 1,325 10.175 1.325 10.175 28.082 10.221 1,325 11,546 28.126 Total resources expended 162.762 14, 16 177,37 1,665 The notes on pagos 4t0 11 form p3rt of these accounts.

THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF NORTH STONEHAM AND BASSE NOTES TO THE FINANCIAL STATEMENTS Forthe year ended 31 December 2023 Itontlnuedl ANALYSIS OF EXPENDITURE INCLUDING ALLOCATION OF SUPPORT COSTS Support cost5 h3ve not been re-allocated as these were not material. PCC governance costs amounted to nil12022..£nill. No fees were payable to the Independent Examiner in connection with hi5 examination of the financial statements. STAFF COSTS Z023 2022 Wages and salarles £26321 £23,657 Average no. of Èmployees The wages and larIeS Costs abDVÈ Include employer's National Insur3nce and Penslon contributions, amounting to nil and £234 re5pettivelv. RELATED PARTIE5 Donation5 frorn related wrties IPCC members and c105e family rnembersl amounted to £25.181. ANALYSIS OF TRANSFER5 BETWEEN FUNDS Unrestricted From Restrirted From To Fmm General Fund to D Fabric (provision for repalrsl From L)-Parish Developmentto General Fund Ito Tnaintain re5ervesl From D-Parish Development to D-Flxed Assets (purchase of AV system) Frorn R-Parish Development to D-Fixed set5 Ipurch3se of AV 5y5teml From R-Barb3r3 Black Leg3Cy to R-st Michael's Music Imerger of fundsl From General Fund to R-st Michael's Music Ireèllocation of donation) From Gener81 Fund to R-st Michael's Muslc (reallocation of concert revenuel From R-st Mlchael's Music to General Fund (fee for use of St Mlchael's for fvndralsing event) IiO,OCKII 120.0001 10,000 20.000 15,3901 5.390 9,027 19.0271 151,9101 51,910 11251 125 11571 157 75 135.6721 44A92 161,0121 52.192 The notes on page5 4 to li form part of these accounts.

THE PAROCHIAL CHURCH COUNCIL OF THE ECCIESIASTICAL PARISH OF NORTH STONEHAM AND 8ASSETr NOTE5 TO THE FINANCIAL STATEMENTS For the yearertded 31 Dmber 2023 Icontlnuedl Unrestri¢ted Re5trirted endowrnent Fund$ Funds Funds Total 2023 Torol 2022 Foxed assets Property Old All Saints- nominal value £1 Parish Hall cost PCC Minute5 24Jun1956 All Salnts Lodge- cost Flnance Mlnute$ 2Mar1963 6,173 3,247 9,421 6,173 3,247 9,421 6,173 3,247 9,421 Fixture5,frttings and equlpment C05t brought forward Addltlons at cost Disposa15 at C05t 43,650 14,417 43.650 14A17 23,072 20.578 C05t carried forward S867 58W67 43,650 Depreciation brou8ht forward Depreclation on disp05als Depreciation for year 16.409 160OY 11,795 5,747 5.747 4.614 Depreclatlon carried forward 22,156 22,156 16,409 Net book value at 31 December 2023 45,332 45,332 36,662 Netbook volue ot31 December2022 36,662 20,698 InVeMentS Investment portfollos.. Market V31ue at l January 2023 60,150 72.317 112A67 150.056 plus additions Revaluation Èain Market value at 31 Decernber 2023 4,446 64.596 5.602 77.919 10,048 142,515 117,588J 132,468 CURRENT ASSETS- DEBTORS 2023 2022 Debtors Tax recoverable PrÈpayment5 and accrued Income 1,467 924 3,082 1867 924 2,Q55 2,117 2,513 5,473 5.473 6,685 The note5 on pages 4 to 11 form part of these atcount5.

THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF NORTH STONEHAM AND BASSErr NOTES TO THE FINANCIAL STATEMENTS Forthe yèar ended 31 December Z023 Icontinuedl Unrestricted Funds Restricted Endowment Funds Funds Total 2023 Totul 2022 10. LIABILITIES Liabi1Stles falllng due within one year Creditors Outstanding 8ccounts payable Accrua15 PAYE outstanding Deferred in¢otne Agency collertlons 11.8531 17.3111 19551 16771 111531 188931 19551 16771 1331 18,430) (771) 11.5821 11,360) 110,7961 11,6151 112,4111 (10.5613 Llabilltles falllng due afterone year 11. FUNDS Unrestrlued.. General Fabric (Designated) Parish Development IDe5ignatedl Purpose.. Generèl purposes of the PCC Funds Set aside for planned work on our bulldlngs Legacies and donatiQn5 designated for Parish Development. Re5trirted.. Barbara Black Legacv North Stonehzm Park Parish Development St Mlch8el'5 Guild St Michael's FabriE St NicD13s Fabric St Nico13s Flower Funtl St Michael's Music As50Ci3tiDn Purpose.. The enhanceTnent of music Sn the worship at St Michael's Mlsslon in North Stoneham Park (St Nicola51 Restricted le8acSes 8nd dDnations for Parish Development Mission and Fabric St Michael's Repair5 and renewal of fabric of St Michael's. Repairs and renewal of fabrlc of St Nicolas Flowers at St Nicolas Promoting the use of musl¢ in the worship and Itturgy ol St Mich3el's Misslon and Fabric All Saints Endowment.. st Nlco185 Lodge Purpose: Sale proceeds of a cur3te's house held in trust, with Income for the rellglous and ch8rltablÈ purposes of the Parish of North stoneharn and BassÈtt. The note5 on pages 4 to 11 form part of these accounts. io

THE PAROCHIAL CHURCH COLINCIL OF THE ECCLE51ASTICAL PARISH OF NORTH STONEHAM AND BASSETr NOTES TO THE FINANCIALSTATEMENTS Forihe year ended 31 December 2023 l¢ontlnuedl 12. SUMMARY OF FUND MOVEMENTS Unrestrlcted Restri¢ted Endowment TOTAL Fund5 brought forward Incoming resource5 Resources expended Investment gains Transfer between fvnd5 172,277 156,752 1162,7621 163,970 5.595 114.6161 4,446 18,8201 72.317 408.564 162,347 1177.3781 10,048 5,602 8,820 Balance at 31 December 2023 175.087 150,575 77,919 403,581 13. SUMMARYOFASSETS BY FUND Unrestrlcted Restrlrted Endowment TOTAL Tangible fSKed assets Investments Current asset5 45.332 45,332 142,515 228,145 64.596 87,594 77,919 140.551 Amounts falling due in one year Amounts falllng due afterone ye3r 110,7961 11,6151 IIz,4111 Balance 8t 31 Decernber 2023 175,087 150,575 77,919 403,581 14. DETAILED FUND MOVEMENTS B/Fwd Incomlng reSourS Outgoing resource5 Translers Balance & Inv galns 31 De¢ 2023 Unte5tricted: GenÈral Fixed Assets (Designated) Fabric (Decignatedl Parlsh Development (Deslgnatedl 29,277 36,663 27,198 79,139 156,752 1145,8471 15.7471 17.8681 13.3001 9,793 14,417 io,wo 125,3901 49,975 45.333 29,330 50,449 Restrlcted- Barbara Black Le8a¢y North Stoneham Park Parlsh Developrnent St Michael's Music St Nicola5 Fabric I Saints St Nicolas Flower Fund 51,510 16,107 133,955 4.183 142,1811 396 1,000 16001 13,4901 13,2531 17,0041 12441 151,9101 12.617 121.675 57,427 142.0501 771 135 19,0271 56,563 3,685 375 375 160 1251 Endowment- St Nicolas Lodge 72,317 5,602 77.919 Balance at 31 De(ember2023 408,564 162,347 1177,3781 10.048 403,581 The note5 on pages 4 to 11 form part of these account5.

ANNUAL REPORT AND FINANCIAL STATEMENTS

For the year ended 31 December 2023

Contents

1. Aims and Purposes

2. Objectives and Activities

3. Achievements and Performance

3a Regular worship, open to all

3c Pastoral work, including care of the sick and bereaved

3d Provision of Christian activities for all ages

3e Promotion of Christianity through events, meetings, and the distribution of literature

3f Supporting charities in the UK and overseas.

Basics Bank and SCRATCH

Myanmar

4. Financial Review

Income

• Investments

Expenditure

Looking Forward

General Fund - Reserves Policy

Other Funds

5. Volunteers

6. Future Plans

7. Administrative Information

8. Structure, Governance and Management

Safeguarding

Deanery Synod

Standing Committee

Other Subcommittees

9. Annual Fabric Report – 2023

Prepared by the churchwardens

Annual Fabric Report – 2023

All Saints’ Church Centre

Works undertaken during 2023.

Works Outstanding

All Saints’ Lodge

Works undertaken during 2023.

Works Outstanding

St Michael & All Angels

Works undertaken during 2023

Works Outstanding

St Nicolas

Works undertaken during 2023.

Works Outstanding

Parish Hall

Independent Examiner's Report to the Parochial Church Council of the Ecclesiastical Parish of North Stoneham and Bassett

Respective responsibilities of the PCC and the examiner

Basis of Independent Examiner's report

Independent examiners' statement

THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF NORTH STONEHAM AND BASSETT

STATEMENT OF FINANCIAL ACTIVITIES

For the year ended 31 December 2023

THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF NORTH STONEHAM AND BASSETT

BALANCE SHEET AT 31 December 2023

Rod Anderson (PCC Vice-Chair)

THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF NORTH STONEHAM AND BASSETT

NOTES TO THE FINANCIAL STATEMENTS For the year ended 31 December 2023

1. ACCOUNTING POLICIES

Basis of preparation

ASSETS

Consecrated and benefice property

Moveable church furnishings

Tangible fixed assets for use by charity

Investments

Short term deposits

THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF NORTH STONEHAM AND BASSETT

1. ACCOUNTING POLICIES (continued)

FUNDS

Unrestricted Funds

Restricted Funds

Endowment Funds

NOTES TO THE FINANCIAL STATEMENTS For the year ended 31 December 2023 (continued)

2. INCOME AND ENDOWMENTS

THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF NORTH STONEHAM AND BASSETT

NOTES TO THE FINANCIAL STATEMENTS For the year ended 31 December 2023 (continued)

3. EXPENDITURE

NOTES TO THE FINANCIAL STATEMENTS For the year ended 31 December 2023 (continued)

4. ANALYSIS OF EXPENDITURE INCLUDING ALLOCATION OF SUPPORT COSTS

5. STAFF COSTS

6. RELATED PARTIES