Parish of St Mary) Greenfield Charity Registration Nun]ber: 1175989 Financial Statements for the Year ended 31 December 2023 Parish of St Maryg Greenfield INDEX Page 3 Independent Examinerfs Report Page 4 ststement of Financial ACtivit￿S Page 5 Statement of Financial Activities 2022 Page 6 Balance Sheet Page 7 Notes to the Financial Statements Page 8 Incoming ReSoUr￿S Page 9 Resources Expended Page 10 Resources Expended (conVd} Analysis of Funds Page11 Analysis of Fixed Assets, Current Assets & Current Liabilities Page 12 Analysis of Funds Page 13 Financial Report Indepe*den¢ EiarniDer's Reporl to The Parochial Church Co¥ncil of Si.I1sTh's Churrh. Gr¢enfield I r¢wrt on ihc financial Maiemcn15 of lh¥ charl￿ for ih¢ NLar ended 31 D¢¢¢mber ?023. ￿'hICh 5¢¢ oyi in the accoinpan%itt¥ pa¥es. Re5pectlit responsibilities of trustte5 Ilrtd exAminer As PCC member5 )ou are rc5wnsible for the ￿pa￿lOn of ih¢ finan¢ial stat¢m¢nts. The PCC m¢mb¢r5 ¢onsider thai 8n 2udii 15 noi r¢quired for Ehis )'ear (under section 14411 l of the Charities 2011 (Ihe *OI l Actll and thai an independent exaTnination is nccd¢d. li 15 my r¢sponsibilit>' to= ¢¥amin¢ IhL' accounis (under 5eciion 14$1 I XB) of ihe ?011 .4ffl)- to folloi%' Ehc yo¢edures laid in The tierserdl DiTe¢iions given by the Charkiv Commission (und¢r seaion 14SlSllbl of lh¢ ?01 l ..Icil: .hcth¢r particular rnaTILYs have eome io mv aiilntion Basis of independent ¢Aaminer'5 T¢￿￿1 Ms examrnation iva5 carried out in accordance wilh the G¢nerdl Direciion5 gÉTren bv the Charity. Commission. An cxaminaiion in¢ludes a r¢vio% of the accounting r¢cord5 kept by The charit!. and a ￿mpariSOn ofthe accoun15 pr¢sented iih Ihose records. li also includes ¢OllStderdiion of any unusual iiem5 or disclosures in ihe accoupis, and scckiiig t￿pIl]natIonS from you Bs tru5teeg concerning an%. such rnauer5. The procedures undenaken do noi provide all Ili¢ ¢i'idcnce Ihai would b¢ reqtsircd in 2udÈi. and Consequenily I do noi express an audii opinion on the view given by thc acwuni$. IBdependent examiner'5 5t8i¢ment In ¢onneciion ￿1th MJ examinaiion. no mailer has rom¢ io my au¢ntiLM: { I I which give5 me reasonable cayse 10 ￿lIeve that in any rnaterial ihe reqltirements 10 keep attouniins records in accordance wilh section 130 of lh¢ ?01 l Ad- and io pripar¢ accounts iihich 2ccord witb ihe accounting r¢¢ords aE￿ comply I￿1h thc aecounting T¢qyiremen15 of th¢ 01 l Aci: have noi been mci- or {?) 10 %%hi¢h. in mv opinion. attention should be dra￿Tr in order to enable A pn)w undetsiaNding of the aecoun15 to E¢ reach¢d. INI)F.PF,%DLNI' fr.X..IIMITiATIO Jttne C￿kS¢￿. I.-CC.4 ,i.?rshurs1 Llusine%s Park GrLx'nfi¥'lJ 01_.17LK Sioned...... DatL 09 April ?024 ¢> ¢ P4 ¢JyJ C ti*d z rh rh Ge4 z t& r Parish of St Mary? Greenfield Balance Sheet as at 31 December 2023 2023 2022 Notes Fired assets 5A Tangible assets 5A Investrnents 614 581 Total fixed assets 613.74 581 Current assets 6 Cash at bank and in hand 6 Debtors 28.592 7290 22.864 7,713 Total current assets 35381 30.576 Current liabilities Loan 7 Amounts falling du¢ ￿thIll one year 200 3.071 3,150 Net currenl assets 32.810 27.426 Tolal assets lus current liabilili 33,424 28,007 Fmnds Unrestricted Funds Destgmted Funds Restricted Funds Endowinent Funds 138 27,576 293 32.850 575 Tolal Funds 33.424 28.007 Approved by the Parochial Church Council on signed on its behalf by: 2024 and Revd Sachin Awale Mr Steve Nikolich Mr Alastair Gillian The notes on pages 6 to 12 form part of these accounts Parish of St Maryg Greenfield Notes to the fiA*n¢•l statements for the y￿r ¢Dded 31 Deeember 2023 AcCOuNT￿G POLICIES •) Basis of accounting The financial Stalert￿lts have bcen pret•rAt ￿der the h15rori￿￿ (x)st ¢onv¢ntion as [￿dEfied by the rev8Juaiion of certain rjxd &%8ets wrdance with the Church.4ceouniing Regulation$ 2(M)6 iogtthu M'llh appli(able a¢¢ounung 5tsndards nd the Swefftent Of Recommended Pr￿lre IFRS1021. The financi￿ 5wetnertts include trdnsactton& and liabilities for which th¢ PCC is TesrM)nsibl¢ in lam.. The¥ do include the ￿tsu￿t$ of church group5 that owe th¢irmain affiliatityj to another bLwJy. rw)r those ar¢ tnr(KM￿ g&tl•in8s of wjch rnemt¢r bl Funds ar¢ thc capithl of whith must k ￿￿1n￿l￿￿' only ￿￿orne arising from investment of th¢ endoyrnent ma!, k us¢d ¢ith¢r&s re5tricttd WUTwe5tr1￿ fiEr¥ts &po)ding ttp)n the putrM)se forwhich the Cr￿0￿￿¢￿1 w#$ ¢stablished. Reslriciedfyfftrds rcp¥es•Jt18) incorne from tru#5 or endow￿ whi¢h may ￿ exper￿1 only on those restrt¢ted objects provided in the teyms of the mjst or FKque5L and Ibl dotiations or_prdnts reirived for a SF- > > > > > I i!sijiss$ 1: pq O rt¢ zzo io Parish of St M8ry* Greenfield tht fina*¢knl stsi¢weHtsfor thtye4v 31 Dttewbtr2023 S ANALYSIS OF FIXEDA&SETS Fur￿￿* L••é & B￿11* 2022 Cost: OD Isi Janvary Addition&]nTre5DnetstG8ittS Dtsposals ott 31st D¢ctmber 581 33 581 33 671 614 614 581 Dtpre¢iithn: OD Isijanuary Charge forthe Year Deduct for disposals ots 31st Dtttmber Trlet Book I'alut: On 1st JaDU8r¥ 581 581 01 31st Dtttmbtr 614 614 Tr rLxed ¢nv¢smKnts ¢(rfkSiSt of 2 holdirL8S Uk the CeDtrdl BrArd ofFioarKc IDbrJ¢tDeEll F￿￿.. lal i)5.W inci￿neSt￿leS enDtkd NO 4 (bl 89.00 Sha￿ eniitied GREENFJELDST MARY CHIEF REwfs CH PURPS The ¢hwh build￿ is A c¢)DSe￿Iedpr￿pern. i5 excluded fotsDcLqI state1￿ bTr" (rfsethion 10(2Xalof th¢ Chariiies Aa 2011. The church buildin85 and Con￿1$ ar¢ ioswed fty • lunti wwrtof £9.980.[￿ 1st J*nuary 2024. 5B lav¢4¢w¢Asf¢ts CBF Chur¢b of ED8land D¢[￿].1 Fw CBF Church of En818nd De￿￿"l F￿d No 2 2,269 700 2.167 700 2167 Debtors a￿r￿d Ifx) irt¢ome PrepOyTnenl IChwL* G8$1 &770 6546 520 7,713 6 C*yth at B#￿ In H•• 18J47 Chariiy Shop Bal￿ Ini'esttnent Assets GiT15 Club Ac¢ouni Ladies L￿Ch¢£￿ Club C&h in Fl8nd.. 334 58 58 124 pcc F￿d tA(bes Lunch￿nclub 130 120 19 120 25A 19.947 7C¥¢dlto Amouns f￿line￿ll¢ wthift l )'ear ¢oll¢¢iLons 1385 980 7fAJ 2.950 HK8toric Loan Ilrtsr8stfroè1 2C li 12 Parish of St Maryg Greenfield Fitianeigl Report Overall income is up ai £85.722 compared 10 £83,638 in 20?2, but this is almost entirely down to the £4.573 increase in shop takings. If we exclude the major purchases in ?022 (carpeL Chai￿ and oak lectern) expendiiure has incre&sed by £2.9(h5 to £80.338. Let's look ￿ the dethil for 2023: > Voluntsry income is the parish's main source of revenue and the total has remained stable if we exclude the Diocesan grants in b)th years. Within thaL Planned Giving and Collections have increased very slightly by £244. Shop sales have seen an increased awdin lo £45.557 from £41.635 in 2022 and sales through use of the card machine have also risen dramaticatly (£19.790 compared to £1 1,982 in 2022)- The net surplus income was £38.44] emph&sising the incredible contribution that the shop makes to Parish finances. > Tax recovered under Gift Aid is up a ￿rther 13.6fy/0 at £7.401 and proves the value of encouraging people io complete a Gift Aid Declaraiion if they are tai payers. Events and activities generated £2.1kn1 (2022 £3224) and there was a small in¢rease in 'fees for i)ccasional services,. Refreshments after services rnised £651. Organ repairs have featured once again and amounted to £858 in addition ￿ the annual seTvi¢e and tunin& which enables good mLLSiC to accompany our wotship. The Parish Share ￿eSsMents have increased dTamaiically over the last 2 >'ears and it might be argued ihai this increase does match the changing size of our congregation. For 2023 the assessment was paid in full at £43,758 (after allowing for the 2 % Encouragement Scheme discounl). Following the Discussion & Agreement meetin& with Diocesan Representaiives on 9th March. we have negotiated a more realistic amount of £37.0(X) for 2024 (ortginally ££48.134). rising to £39,0￿) in 2025 and £41,000 in 2026. these incre&ses to allow for increases in Stipend costs. It is goiyj that there was ark understonding of the impact of young families seeking'attendance points, for senior school entry and the immense value of the shop and the WOT* of the volunteers to assist finances. > Team costs ar¢ assessed in line with comparative Parish Share across the Team and these have increased dramaticallv to £7,133 in 2023. Si Mary's contribution can be seen in clergy & housing expenses, the Team Admini5tralorfs salary and running of the Team office. The 'Pastoral' spending of £507 relates entirely to Team activities once again this year. Predi¢ting expenditure is not always wy and maintenance and repair costs fell from £6,412 to £1.571. Upkeep of Seryices costs were also down eonsiderably as was Administration. > Church gas and eleciric costs were £7.627 {£5.913 in 2022). The Insurdnce cover has continued with Ecclesiastical Insurance under the 3-year agreemeni with a premium increase of £289 for the year. Ollr remailliDg Funds: Overall totsl resources are up £5,417 and the balances at a tothl £33.424 are dtstributed as follows: O Charity Shop Fund tDesignated]- £32.850 O Lun¢heon Club IRestricied] - £414 O Flower Fund [Restrictedl - £160 13