Parochial Church Council of St. John the Divine, Selsdon
Page
Parochial Church Council of St. John the Divine, Selsdon
INDEX
| Subject | Page | |
|---|---|---|
| Annual Report | 2 | |
| Independent Examiner's Report | 3 | |
| Statement of Financial Activities | 4 | |
| Balance Sheet | 5 | |
| Accounting Policies | Note 1 | 6 & 7 |
| Incoming Resources | Note 2 | 8 |
| Resources Expended | Note 3 | 8 |
| Fixed Assets | Note4 | 9 |
| Debtors | Note 5 | 9 |
| Creditors (Short term) | Note 6 | 9 |
| Creditors (Long term) | Note 7 | 9 |
| Funds of the PCC | Note 8 | 9 |
Page 1
Parochial Church Council
of
St. John the Divine, Selsdon
Annual Report and Financial Statements
For the year ended 31 December 2023
The Revd. Canon Younis Francis The Rectory Upper Selsdon Road Selsdon Surrey CR2 8DD
Bankers
CafCash Ltd Kings Hill West Malling Kent ME19 4TA
Independent Examiner
Mrs R Cossins FCCA MJS Associates Eagle House Cranleigh Close Sanderstead CR2 9LH
Parochial Church Council of St. John the Divine, Selsdon
Annual Report 2023
Background
The PCC of St. John the Divine has the responsibility of co-operating with the incumbent, the Revd Canon Younis Francis, to promote in the ecclesiastical parish the whole mission of the Church, pastoral, evangelistic, social and ecumenical. It also has the maintenance responsibilities for the Parish Church buildings and the hall. The PCC meets regularly to discuss matters arising during the year.
Membership
Members of the PCC are either ex-officio or elected at the Annual Parochial Church Meeting (APCM) in accordance with the Church Representative rules.
Rector
Representatives of the Deanery Synod
Mrs Helen Lishmund Dr. Robin Orchard Mr Stephen Srikantha Mrs Susan Tilley
Elected Members
Mr Simon Archer Mr Ian Brentnall Mr James Gordon Mrs Jane Guglielmi Mr Ian Harley Mrs Alice Hicks Mrs Sarah Parsons Miss Joanna Sands Mrs Gill Sharpe Mrs Lesley Taylor Mrs Janice White Committees
The Reverend Canon Younis Francis
Honorary Staff
The Reverend Michael Skinner The Reverend Stephen Wright Peter Crocombe SPA
During the year the following served as members of the PCC.
The PCC has a Standing Committee this is the only committee required by law. It has the power to transact the business of the PCC between meetings, subject to any directions given by the Council.
St. John the Divine has several committees and sub-committees of the PCC, some of which are mentioned below.
Buildings and Maintenance Committee
Churchwardens
Mrs Deborah Brown Mr Martyn Brown
Attends to matters relating to the stewardship of plant such as church buildings and fabric, and the church grounds.
Deputy Churchwardens
Hall Committee
Mrs Judith Coleman Mr Andrew Hicks Mr Robert Thornton Mrs Monica Turton
Oversees the running of the hall, the cleaning and maintenance.
The PCC met eight times during the year. The Electoral Roll is 187.
The Restricted Funds represent over 50% of our assets this money is allocated for the replacement of the heating system in the church.
On behalf of the PCC
Revd Canon Younis Francis Rector
Page 2
Parochial Church Council of St. John the Divine, Selsdon
Independent Examiner's Report
to the PCC of St. John the Divine, Selsdon.
This report on the financial statements of the PCC for the year ended 31 December 2023 which are set out herein is in respect of an examination carried out in accordance with the Church Accounting Regulations 2006 ('the Regulations') and section 43 of the Charities Act 1993 ('the Act').
Respective responsibilities of the PCC and the examiner
As members of the PCC you are responsible for the preparation of the financial statements; you consider that the audit requirement of Regulations and section 43(2) of the Act do not apply. It is my responsibility to issue this report on those financial statements in accordance with the terms of Regulations.
Basis of Independent Examiner's Report
My examination was carried out in accordance with the General Directions given by the Charities Commission under section 43 (7)(b) of the Act and to be found in the Church guidance, 2006 edition.
That examination includes a review of the accounting records kept by the PCC and a comparison of the accounting records kept by the PCC and a comparison of the accounts with those records. It also includes considering any unusual items or disclosures in the accounts and seeking explanations from you as trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required by an audit, and consequently I do not express an audit opinion on the view given by the accounts.
Independent Examiner's statement
In connection with any examination, no matter has come to my attention:
-
(1) which gives me reasonable cause to believe that in any material respect the requirements
-
to keep accounting records in accordance with section 41 of the Act: and
-
to prepare financial statements which accord with the accounting records and comply with the requirements of the Act and the Regulations 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.
Signed:
Date:
Page 3
Parochial Church Council of St. John the Divine, Selsdon.
STATEMENT OF FINANCIAL ACTIVITIES
1 January 2023 to 31 December 2023
| Note INCOMING RESOURCES Voluntary Income 2(a) Activities for generating funds 2(b) Income from investments 2(c) Church activities 2(d) Other incoming resources 2(e) TOTAL INCOMING RESOURCES RESOURCES EXPENDED Costs of generating voluntary income 3(a) Fund raising costs 3(b) Charitable Activities 3(c) Ministry 3(d) TOTAL RESOURCES EXPENDED NET RESOURCES BEFORE TRANSFERS NET MOVEMENT IN FUNDS BALANCES B/FWD 1 JANUARY BALANCES C/FWD 31 DECEMBER |
£ 108609 41256 3185 6265 102 159417 90 3694 4000 137932 145716 13702 13702 65773 79475 Unrestricted Funds |
£ 29169 12245 0 0 0 41414 0 0 1467 695 2162 39252 39252 83070 122322 Restricted Funds |
£ 137778 53501 3185 6265 102 200831 90 3694 5467 138626 147877 52954 52954 148843 201797 Total Funds 2023 |
2022 £ 175984 48515 0 4256 1071 |
|---|---|---|---|---|
| 229790 | ||||
| 90 1172 5407 132661 |
||||
| 139330 | ||||
| 90460 | ||||
| 90460 58383 |
||||
| 148843 |
Page 4
Parochial Church Council of St. John the Divine, Selsdon
BALANCE SHEET AS AT 31 DECEMBER
| FIXED ASSETS Note 4 CURRENT ASSETS Debtors Note 5 Cafcash Current Account -Church Deposits with CCLA CURRENT LIABILITIES Creditors due within one year Note 6 NET CURRENT ASSETS Total Assets less current liabilities Note 7 Creditors amounts falling due after one year Diocesan Loan TOTAL NET ASSETS Represented by Funds Unrestricted Funds Note 8 Restricted Funds Note 8 |
2023 £ 0 4880 53810 153158 211848 10051 10051 201797 0 201797 64684 137113 201797 |
2022 £ 0 5144 163003 139 |
|---|---|---|
| 168286 | ||
| 14785 | ||
| 14785 | ||
| 153501 | ||
| 4658 | ||
| 148843 | ||
| 65770 83073 |
||
| 148843 |
Approved by the Parochial Church Council on 6th March 2023 and signed on its behalf by:
Revd Canon Younis Francis PCC Chair
Page 5
Parochial Church Council of St. John the Divine, Selsdon
Notes to the financial statements
For the year ended 31 December 2023
ACCOUNTING POLICIES
The financial Statements have been prepared in accordance with the Church Accounting Regulations 2006 together with applicable accounting standards and the SORP 2005.
The financial statements have been prepared under the historical cost convention except for the valuation of investment assets, which are shown at market value. The financial statements include all transactions, assets and liabilities for which the PCC is responsible in law. They do not include the accounts of church groups that owe their main affiliation to another body, nor those that are informal gatherings of church members.
Funds
Endowment funds, are funds, the capital of which must be maintained; only income arising from investment may be used either as restricted or unrestricted funds depending upon the purpose for which the endowment was established.
Restricted funds represent (a) income from trusts or endowments which may be expended only on those restricted objects provided in the terms of the trust or bequest, and (b) donations or grants received for a specific object or invited by the PCC for a specific object. The funds may only be expended on the specific object for which they were given. Any balance remaining unspent at the end of each year must be carried forward as a balance on that fund. The PCC does not usually invest separately for each fund. Where there is no separate investment, interest is apportioned to individual funds on an average balance basis.
Unrestricted funds are general funds which can be used for PCC ordinary purposes.
Incoming Resources
Planned giving, collections and donations are recognised when received. Tax refunds are recognised when the incoming resource to which they relate is received. Grants and Legacies are accounted for when the PCC is legally entitled to the amounts due. Dividends are accounted for when receivable, interest is accrued. All other income is recognised when it is receivable. All incoming resources are accounted for gross.
Resources Expended
Grants and donations are accounted for when paid over, or when awarded, if that award creates a binding or constructive obligation on the PCC. The diocesan parish share is accounted for when due. Amounts received specifically for mission are dealt with as restricted funds. All other expenditure is generally recognised when it is incurred and is accounted for gross.
Page 6
Parochial Church Council of St. John the Divine, Selsdon
Fixed Assets
Consecrated and benefice property is not included in the accounts in accordance with section 96(2)(a) of the Charities Act 1973
Movable church furnishings held by the rector and churchwardens on special trust for the PCC and which require a faculty for disposal are inalienable property, listed in the church's inventory, which can be inspected , at any reasonable time. For anything acquired prior to 2000 there is insufficient cost information available and therefore such assets are not valued in the financial statements. Subsequently no individual item has cost more than £1000 so all expenditure has been written off when incurred.
Equipment used within the church premises is depreciated on a straight line basis over 4 years. Individual items of equipment with a purchase price of £500 or less are written off when the asset is acquired.
Investments are valued at market value at 31 December.
Page 7
Parochial Church Council of St. John the Divine, Selsdon
| Note 2 INCOMING RESOURCES 2(a) Voluntary Income Planned giving Gift Aid Donations Tax Recoverable Collections (open plate) Donations, appeals etc. Legacies 2(b) Activities for generating funds Bookstall Church hall lettings (non church) Garden Room Events 2(c) Income from Investments Bank Interest 2(d) Income from Church Activities Fees 2(e) Other incoming resources Total Incoming Resources Note 3 RESOURCES EXPENDED 3(a) Costs of generating voluntary income Christian Stewardship 3(b) Fund raising costs Events 3(c) Charitable Activities Missionary and charitable giving Overseas Home 3(d) Ministry Diocesan Parish Share Fees Clergy expenses Church running expenses Church maintenance Cost of services Upkeep of grounds Education Hall running costs Choir Organist Independent examiner Total Resources expended |
£ 77830 22995 4109 3675 0 108609 300 36785 4171 0 41256 3185 3185 6265 6265 102 102 159417 90 90 3694 3694 0 4000 4000 51000 3523 1122 13192 7425 20904 4428 4240 24545 3698 3355 500 137932 145716 Unrestricted Funds |
£ 0 0 0 19164 10005 29169 0 3094 0 9151 12245 0 0 0 0 0 0 41414 0 0 0 0 0 1467 1467 0 0 0 0 0 695 0 0 0 0 0 0 695 2162 Restricted Funds |
£ 77830 22995 4109 22839 10005 137778 300 39879 4171 9151 53501 3185 3185 6265 6265 102 102 200831 90 90 3694 3694 0 5467 5467 51000 3523 1122 13192 7425 21598 4428 4240 24545 3698 3355 500 138626 147877 Total 2023 |
£ 80933 25250 3903 31925 31824 Total 2022 |
|---|---|---|---|---|
| 173835 | ||||
| 392 39961 2113 8162 |
||||
| 50628 | ||||
| 0 | ||||
| 0 | ||||
| 4256 | ||||
| 4256 | ||||
| 1071 | ||||
| 1071 | ||||
| 229790 | ||||
| 90 | ||||
| 90 1172 |
||||
| 1172 936 4471 |
||||
| 5407 | ||||
| 49000 2284 745 19957 3023 21492 67 18 29587 3256 2732 500 |
||||
| 132661 | ||||
| 139330 |
Total Resources expended
Page 8
Parochial Church Council of St. John the Divine, Selsdon
Note 4 FIXED ASSETS
| Gross Book Value At 1 January 2023 Additions in 2023 Gross Book Value At 31 December 2023 Net Book Value At 31 December 2023 Note 5 DEBTORS Gift Aid Recoverable Note 6 CREDITORS Short term creditors Note 7 CREDITORS Due after 12 months |
Computer Other Fixtures & Fittings equipment Office Equipment 0 0 0 0 0 0 0 0 2023 2022 £ £ 4880 5144 4880 5144 10051 14785 10051 14785 0 4655 |
|---|---|
Note 8 FUNDS OF THE PCC
| FUNDS OF THE PCC Legacies St. John's Church R & M Fund Church Clock Repair Fund Donated for Gifts etc Rector's Discretionary Fund Training/Bursary Fund General Reserves Boiler Replacement |
2023 £ 0 35609 1805 0 824 792 25654 0 64684 Funds |
2023 £ 10005 0 0 2795 0 0 2400 121913 137113 Funds |
2023 £ 10005 35609 1805 2795 824 792 28054 121913 201797 2012 |
2022 £ 31824 26000 1805 2795 824 792 28051 56752 2011 |
|---|---|---|---|---|
| 148843 |
Page 9
Fixed Assets
Consecrated and benefice property is not included in the accounts in accordance with section 96(2)(a of the Charities Act 1973
Movable church furnishings held by the rector and churchwardens on special trust for the PCC and which require a faculty for disposal are inalienable property, listed in the church's inventory, which can be inspected , at any reasonable time. For anything acquired prior to 2000 there is insufficient cost information available and therefore such assets are not valued in the financial statements. Subsequently no individual item has cost more than a £1000 so all expenditure has been written off when incurred.
Equipment used within the church premises is depreciated on a straight line basis over 4 years. Individual items of equipment with a purchase price of £500 or less are written off when the asset is acquired.
Investments are valued at market value at 31 December.