**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.