REGISTERED CHARrrY NUMBER: 1176928
PAROCHIAL CHURCH COUNCIL OF ALL SAINTS CATHERINGTON Prlest-In£harge & Intèrfm Traasuror. The Reverend Rich8rd Hulchins Catheringlon varage 330 Catherington Lane INateflcoville Hampshi P08 OTD Ib7dop•ndont Examlner Antony Rose F.C.C.A 96 Loxwood Road L¢)vedean P08 9TY
PAROCHIAL CHURCH COUNCIL OF ALL SAINTS CATHERINGTON Annual reFrfyt Independent ExaminerfsReport 7 onwards Statement of Financial ActNities
PAROCHIAL CHURCH COUNCIL OF ALL SAINTS CATHERINGTON AdmIniStraVe infomiation All Saints Church is srf(uated on Catherington Lane, Cathenngton, Watedooville. The Church is part of the Di0Se of Portsmouth within Havant Deanery and the Church of England and fomis part of the United Benefice (rf Cathenngton and Clanfield Separate PCC'S and finances are maintained by each parish The CoespOndence address is: Parish Office clo The Vicarage 330 Catheringlon Lane Catherington Waterlooville P08 OTD The Parothial Church Council (PCC) Is a registered charity, number 1176928. PCC members who have served In the period 1* January 2023 to 3181 December 2023 are.. Prfest in Charge (PCC Chair).. The Revd Richard Hutchins Assistant Curate.. The Revd Amanda Sim {from July 20221 Lay Reader. Mrs Deborah Vears Churchward8ns'. Mr Joe Edwards Mr Jason Peett (from the APCM) Mrs Deborah Vears Mr Joe Edwards (to the APCM) The Revd Richard Hutchin8 Deanery Synod Representatives.. Interim Treasurer. PCC Secretary.. Mrs Wendy Haxell Electoral Roll Officer.. The Revd Angela Johnson Elected Member8". Mr5 Wendy Haxell Mr Jason Peett Mrs Katherine Peett Mrs Nicola Ellis (from September 2023) (plus 5 vacanGiesJ (PCC Secretary) Co-opled Members: The Revd Angela Johnson Page 1
PAROCHIAL CHURCH COUNCIL OF ALL SAIKfs CATHERINGTON Structure, Govgmanco and Managemènt The method of appointment of members of the PCC Is set out in the Church Representab"on Rules 2022. All baplised church attendees are encouraged lo register on the Electoral Roll and stsnd for election to the PCC," we are starkn'ng to see new member5 on the Electaral Roll amongst newer attenders at All Saints. The PCC has continued to operate effethvety while hawng a numter of c2sual vacancies for el&ted members and one deanery synod preSentate. The 9featest ongoing challenge is the sèarch for a dedicated Treasurer lo the PCC. Unusually, the Pnest-ln-chafge has fulfilled the role of intenm Treasurer since the APCM In 2022., Ihis Is not an ideal stalè of affairs and is On manageable owing to the tr8nsparerry offered with online banknng and accounting (using Xerol The filling ol the se¢ond Churchwarden robe by Mr Jason Peett has been very welc£¢me. One specific area of g0veMan that has not lacked in any regard is safeguarding. the presance of a benefice team of three people across the two churches has created a robust Structu that works well- evidence by the strong status of the Parish Dashboards. This team deserve warm thanks for all of their effort in this vilal area. Oblectlve and Actlvltlès All Saints PCC has the responsibiltty of c(Foperating wilh the Pliest4n£h. in promoting in the ecclesiastical paris the whole mission ol the church, pastoral, evangelistic, so¢ial and ecumenical It also has maintenance responsibilities for th8 church hall. The PCC confirm that they have referred to the gubdance contsined in the Charity Commission's general guidance on public b8nefill when reviewing tha Chanty's aim$ and obpthes 8nd in planning fvture activitses. A¢hl•vornonts and Performanc• Church attendance A$ at the APCM 2023. ther8 wère 88 name$ on the church Electoral Roll, of whom 31135%) W•Te extra-paro¢hial This was a reduction of 5 Irf totsl from the previous year. Average Sunday attendance was 28 adults and 4 Childrèn. which represents a small fall from 2022 flgures. this seems lo reflect altered pattem$ for worship. since a survey carried out of attendees over a few weeks showed over 40 d(fferent attendees at the pnn¢ipal Sunday S&Nice150 of other services are Included), with a minority of common attendees week by week. Tho 1denlrflab worshipping community has 9rown sllghuy in 2023. however the proportion of this communrty thai is under age 18 has fallen from 32.fi to 22Vts (small numbets of children and Fdmilies moving elsewhere). Th8 families area has cOnnUed to be a very t*neficial featu of our Sunday seryices, with greater provision on the 111 and 3rd Sundays each month. Links wrth our local Church Sch(M)Is have become ever slrcnger, reflected in the fullness of school services al key points in the year. Messy Church has continued apace In 2023, with a small and eommrtted team providing this Benefice worship provision al Sl James Clanfleld. Review ofth& y98r PCC Meetings wore held in January. March, May, July. September and November. wrth the APCM being held in May. Overall attendance was 78. 5%. The Standing Committee mei in the intervening months to Sel the PCC Agenda and eonducl routine PCC business betsveen meetings", the attendance rat6 for Standing Committso was 96%. Our Title Curate, the Revd Amanda Sim. was ordained lo the Priesthocd at by Bishop Jonathan at Portsmouth Cathedral on 24th June 2023 She has conbnued to contnbute a great deal lo the life of our church ¢ommunity. as she h85 grown her ministy wrth us. Anna Meacher has continued lo provrde exee11ent service as Parish Administrator, and compleled her probationary period with aplgmb. A key event this year was the establishment of a Parish Office facility In the Benefice, using the former Choir vestry al St James Church Hall", this has been a welcome move that has contn'buled to the sense of Inlegnty in this Important benefice ministry. sethng the office up, we entered Into a lease agreement for a capable pr1nter-photocopl. with a 5tapler-finisher included at no cost, and this has proved ils worth nefit.rules-for<haribes aLLE58ed 22 ApA 2024. Page 2
PAROCHIAL CHURCH COUNCIL OF ALL SAINTS CATHERINGTON this year. The 2023 serviGe pattem has remained the same as that of 2022, main services at All Saints at 9.30am most Sundays On the second Sunday of the month there is an 8am Tradits"onal Language seNice and this provi510n is shared over each month wtth St James Clanfield and Holy Tnnity Blendworth. en there are 5 Sundays In the month the 5th Sunday Is given to a Benefice service al 10am that generally alternates beeen All Saints and St James Clanfield - on those Sundays there will be an 8am service In whKhever church is not providing the 10am setvice. During August the focus Is on gathering the church cA)ngregations to worship together as one over the Summer Holiday penod, this aim is served by having 8 51ngle Benefice COMMUNITY Holy Communion service at 1 Oam for the Sundays In August. alternating belfftn the churches. In 2023 this provision was augmented w'lh an 8.30am 8CP Morning Prayer each Sund8y, which was appreciated by the attendees and eontinued on the 3m Sunday of each month al All Saints. Online provision has contsnued In a very limited fashion throu9h Thought for the Day on rnost Mondays and Thursdays. The following occasional were conducted in 2023". 6 in18nt bapts'5ms, 5 weddings aftd 39 funerals {including those at crematori8 and burials ol ashes). The very strong re18tionships with local church schools conth"nue. wth Revd Hutchins fulfilllng the role of ex-offlcio Foundation Govemor at Catherington Church of England Infanl S¢hool (CISI and Homdean Church of En9land Junior School IHJSI-, he is ably assisted In the Foundation Govemor role by 2 PCC members from All Saints and one member of Holy Trinity 81endworth. He routinety leads collective worship at both school, wlh Revd Sim leading Some collective worships The ¢huTch buildings have hosted various school vlsils and serVIS during 2023, Including Year 3 from HJS for an Easter Visit. CIS for Easter, Summer (Year 2 leaveTsI and Christmas seryices lover 1000 parents and children were welcomed lo school sefvi¢es for Christmas 20231. HJS Year 4 foi Trinity Day,. HJS Year 6 for a Leaver's Holy Communion service. HJS Chrislrnas sefViS and Kin9SCQUrt la local prep schooll for Iheir Christmas Jarol seNice. The established Toddle-on Group. ruft by Mothers, Unn members from All Saints Catherington and Si. James Clanfield, has conbnued lo t)e very well attended each week A new 9roup called Ihho Let The Dads Out? la Care lor th8 Family national ints"ative) has been started as a Benefice mission activty, hosted al All Saints Church Hall each third Saturday of thè rmnlh since February 2023 This group for dadslmale carers and their young Ghildren age D years lo School Year R, ha5 offered free play. craft and refreshments locally that has reached over 15 dads and their little ones. A core group ol regular attenders Is stsrbng to fom, buikling relationships wf(h each other and with the ¢hur¢h Community. Another mission Initiative has been the engagement of the Revd Joy Windsor IHou$e for Duty Associate Priest al Blendworth, Chalton and Idsworthl as a eonsultanl Horndean Missioner for one day per week from Summer 2023 She had been identifying points of contact and people of peace In the Horndean area. with very frurtful results, so that we can engage bgtter wrth the thousand$ of people that wa serve in this parish outside of the immediate CalheT1nglon area. The end of 2023 saw the departure of the Revd Vickie Morgan as Priesl-in-charge of Rowlands Castle, Blendworth. Challon & Idsworth. and cross-licensed to CalheTinglon 8nd Clanfi'eld. lIe waiting for the future of those fv40 benefices lo become clear, we continue lo work Very c105ety with Revd Windsor on shared mission matters relating to Homdean. We are also enjoying an increasingly frurtful relationship with other churches in Homdean through Homdean and Clanfield Churches Together, a new monthly prayer breakfast hosted in tum by eaeh ¢hurch has been Instrumental in th15 regard. Revd Richard and Diana Hutthins h8ve contrnued lo run the Illumin8 youth group. assisted by Revd Sim, meeting in the vicarage on a monthly basu8 Thi$ Is a shared provisi)n wrth the panshes of Cowplain, 81endworth and Challon. 11 was decided to extend the age range so that young people moving Into years 10 and 11 Uld contlnue to attend. There are 6 youth attendees who Gome at different limes- we average about 4 youth per session. The Bereavement Service was re-cast as s Blue Christrws servu which was offered in December 2023. The change refiects that IheTe are many people who struggle at Chnstmas. not necessanty through 86reavernent. This was a successful seNice that brought (xjmfort to many Mr Joe Edwards is the Parish Safeguarrjing Officer. w01"ng with Mr Alan Gothard and Mrs Linda Stephens from St James lo form the Benefice Safeguardlng Team Joe has taken a lead on training, Induding running guKled sessions for people who were unable to cornplele online training on their own. Linda is the Safeguarding administrator and has ensured that all relevant people Gomplete the required safeguardlng forms and DBS checks. Alan is the Safeguarding Page 3
PAROCHIAL CHURCH COUNCIL OF ALL SAINTS CATHERINGTON Officer for St James Church. All Saints Church operates urKler the Church of England Natsonal Safeguarding Policy. Flnancial Revi•w Based on the stste of capital reserves. All Saints Parochial Church Council is financially viable now, and we have seen a slight increase in overall year end fund from 5t year. The Increase is mainly due to the strong perform8nce of the main investment which 1$ a key element of sustainability al the moment", this has been bolstered by the welcome bequest of lenanled land adjacent lo the church site Ipresenl value estsmated 8t £220.0001, which generates a regular income and also created a one-off win(ffall of rentsl income from the penod before probate was granted on the associated estate. As has been the case In the past, excess fund5 from the magazine account were transferred and shared beeen All Saints Catherington and St James Clanfield. Utility costs have stabilised and the move to a new supplier for the church has been of substanbal benefrt In per unit C051 terms. Rather than signifan1 reducing expendrture. this has allowed the healing lo be run for longer150 more effeclivelyl In the latter part of 2023. The fittin9 of a smart electric meter to the church wll be helpful in assessing eost pro"les- a smart commerual gas meter Is awaited. A5 h88 been st8ted in a number of previous years. the present reliance on investm&nt growth lo et Operational costs Is not a long-term sustainable positn. Indeed. with cent Pfogress on plans for a new heating system we ara likely lo significanuy draw on the capitsl reserves to deliver this project Iwhich also aims to meet lighbng needs In the church), We are very thankful lo our rogular giv&rs. ether through th8 Parish Grving Scheme or by Stsnding Order Planned givlng overall fell a small amunt again this year, counteracted by an Increase in collections and donatsons that perhaps reflects 8 change In the nature of giving back Icwards plate collectn5. We will be engaging with the National Stewardship Week In the future to focus on giving through regular and gift aid efficlenl mean8. The latter Is an area for focus In the year ahead. as gift aid has not been daimed (other than in the Pansh Giving Schemel since 2020 as the arrangements for doing so were not dear. Thig has now been resofved and back claims will be processed We have been blessed with several grants.. Horndean Parish Council for Churchyard Mainlenance, East Hants District Couneil and Hampshire County Council for replacement of a churchyard gats and renovation of the churchyard path in the vicinity, and Portsmouth Diocese tchvards utility costs There is a small residue from an aaTlier grdril towards Church Hall chairs from East Hants Dislncl Council, and this will be used in a planned replacement of some of the hall chairs. We also received a generous donatKJn the HorrMle8n Voluntary Care Group towards our mission (which is being applied to our Who Let The Dads Out? group) We ar8 one of the recipients of a o)ntactless giving devlce as part of a national pilot project. This has already raised over £300 whiGh we would probably not have received were contacuess donations not available. The ohurch h811 is small net Gonlributor lo finances and there will be a ren84d fCS on gaining regular 8nd occaslonal bookings going forward to Increase this cOntnbut The long-lemi financial future of All Saints will only be secured when regular costs are mel by regular giving. This will involve the growth of existing ¢on9regations and the development of new ones that meet the needs of our par15h We are encouraged lo see new families becoming reguLgr attenders. utilising the new families, area in Ihe church lo good effect It is noli¢eable that congreg8tion sizes a small and the make-up of them changes week by week. Connecting more effectivély lo the parish that we serve in Homdean remains a key aim and is a major thread in the Havant Deanery Plan. We have invested a small amount of finance thts year to engage the Reverend Joy Windsor as a Consultant Missioner lo help us make new connecbons with communty group.. the work is in its èarly days but is already proving effeGlive. The &year aspiratn remains to meet most roub.ne running Costs linduding Parish Share) from planned giving. and using fundraising to create an Income excess over expenditure to fund new mission auivilie5 and Charitable gwing to causes mMensrate with our church missn. The current financial situation creates inevrtable tension tween prionts"es" there nJs to be mission investment to create avenues for the Kingdom growth that will delNer a sustsinable fvture for Al Saints: and there also needs lo be investment Into the fabric of a precious and ancient chuTch building - for rts preseatrOn and also to make il more fit- ft)r-purpose for the variety olworship in the 21* Century We have received our most recent Qinquennial Inspection report after a substantial delay, and progressing the pnority works identified therein a financial priority foi 2024. alongside the hearing project. Bringing the preparatK)n of annual a¢rA)unts 'in-house' this year helps with finanGial efficieney P8ge 4
PAROCHIAL CHURCH COUNCIL OF ALL SAINTS CATHERINGTON ReseNes Pollcy Why 8 Re8erve# Policy is necessary To ensure tho Church Council holds sufficienl funds to meet tts Immediate needs and to promote new developments. To ensure the finances confom to the norn sel by the Charity Commission. Council members must be able to explain, and valKlate the reserves held by the church. The SeNtS policy must be deliberate, not acciden or left lo chance. t Is meant by 'ReServ,? In this context the are tsvo levels of Reserves Firstty Resee$ can be defined as any free funds, or general purpose Income They are resources held or can be made available to spend, for any or 811 of the church PUTPOS&S. once il has m81 its commitments and covered other planned expenditure At the second level. Reserves ar8 those frjnds that are ring-f8ntyJ to ensure that cornmrtments can be met responsibly Why arn RKarv•• n•¢é88¥ry? The first level ol ReseTres provides a pool of general putwse nKJney lo help meet any shortfall beeen anticipated income, budgeted oulgoings and unforeseen expenditure. They will also be available lo fund new activities which were not fore588n when the tsudget was prepared. or rf Incor¢1 assumplh)ns were made In pparing the bud98t. The $o¢ond lev81 of Reserves are there to enable liabilrtEs lo be dtseharged in an orderfy fashion should the financial State of the charity becoma unviable- this Includes su¢h provisions as undancIes and paying ¢reditors. What R00* ar• h8ld? Our main reserve Is held In the CBF Church of England Investments Fund A¢¢umulatson Shares with sm311er sums held in three CBF accounts (Géneral. Fabric and Hall). the Goldsmith Gale Trust Fund administered through the Diocesan Board of Finance wrth the CBF, and the Janus Henderson Global Equity Income Fund In tems second lèvel reserves and unrestrlcted fvnds, the Intended reserves level is 6 months operating costs, to allow for cost-savings to be made In an orderfy manner should the need anse. This level of reserve is readily achieved presently through the capital held In main reserve- thk8 wll need lo be monitored closely as that caprtal is Committed lo projects such as church heatrng. Approved by the Parochi81 Church Counul on 29th May 2024 and signed on its behaff by the Reverend Richarrl Hutchins Rov . Rtchard Hut¢hin$ PCC ChAlrnian
PAROCHIAL CHURCH COUNCIL OF ALL SAINTS CATHERINGTON INDEPENDENT EXAMINER'S REPORT TO THE PAROCHIAL CHURCH COUNCIL OF ALL SAINTS CHURCH CATHERINGTON Independent examlnaffs report to the tw$te of The Parochial Church Councll of All Saint8 Church Catheflngton I report to the PCC members on my examinabon of the accounts ofthe pah1"al Church Council of All Saints Church Calheringlon for the year ended 31 Dmber 2023. RponSIbilItIeS ind basis of report As the members of the PCC you are responslble for the preparatKJn ofthe accounts in accordane4 with the requirements of the Chartbes Act 20111'the ACVI I report In respect of my examlnation of the PCC'$ accounts carr*d out under sectaon 145 of the Act and in carrying out my examination I have follt)wed all applicable Directions given by the Charity Commission undeT $8Clion 14515llb) of the Aci. Independent oxamlnaff8 8tatem•nt Slnce the PCC'S gross income exceeded £250,000 your examiner musl be a member of a body listed in section 145 of the 2011 Act. I confirm that l am qualified to undertake the exarninatron because l am a member of ACCA, which is one of the Ilsted bodles. I have completed rny éxaminauon. I confim that no material matters have come to my attenthon in connecbon with the examlnavon giving ¢au8e to bell8ve that in any m8tenal resport accounbng records were not kopt In re8t of the PCC as wuired by s&lon 130 of the A¢t'. or 2. the accounts do not accord with those recorrjs. or 3. the accounts rfo not comply with the applicable wuirements oJnceming the lom and content of 8ccounl$ $el out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the accounts give a true and tsir view which is not a matter considered as part of an independent examinatson. I conf5rm that there are no other matters to which your attention should be drawn to enable proper understandlng of the acCnts to be reached. Antony Ro FCCA 96 Lowrnd Road Wateilooville Hampshire P08 9TY Date.. 31# August 2024 Page 6
PAROCHIAL CHURCH COUNCIL OF ALL SAlTrn CATHERINGTON STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 DECEMBER 2023 Unrestrled G•Mral Fund Unrestrictod Designatèd Fund¥ Restrictsd Funds Totsl 2023 Total 2022 INCOME FROM Donations and LegMcAe¥ Church Activitiès Activit$ for Genef8tinp Fd& Investment In¢Dme 244,643 17.747 16.972 151 2.794 247.589 17,747 16.980 24.264 17.072 12.546 364 2b 2c 2d TOTAL 279.729 2.888 282.776 54,268 EXPE14DITURE ON R8ising Funds Chr¢ Aelivities Support Costs 30 9,757 75.389 1.247 9.757 79,7CN) 1,247 4,311 72,619 1,418 TOTAL .703 74.035 Not oain8111088è81 on inv88tment$ 28.885 28,885 12S,380) NET IEXPENLXTUREIIINCOME 222,222 (1.423) 220,958 145.1491 Trnnsfer betsveen lundg {4,3CKJI Nvt mOVom•nt in funds {4.1411 (1.4231 220,958 145,1491 RECONCILIATION OF FUNDS Totsl fund8 brought fopMard' 255,764 7,120 9,129 272,013 317,162 TOTAL FUNDS CARRIED FORWARD 482.288 2.979 7,7C 492,970 272,013 "Funds camed lorward have been rat8g1$ed this financial y8ar since there was no clear indic8tlon why some Trfurbishmenl funds ware treated 8$ dasJgnat6d rather than restnct8d. Page 7
PAROCHIAL CHURCH COUNCIL OF ALL SAINTS CATHERINGTON BALANCE SHEET AS AT 31 DECEMBER 2023 2023 2022 FIXEO ASSETS Investments Land 251,839 220,CrfJO 243.754 471,639 243,754 CLIRRENT ASSETS Debtors C&8h al bk gnd in hand 1.431 2.124 27,63 26,n9 29.783 CREDITORS Amounts tslllng due wrthin on8 year 1,504 NET CURRENT A8SETS 21.331 28.259 TOTAL ASSETS LESS CURRENT LIABILITIES 492,970 272,013 NFf ASSETS 492,970 272,073 FUNDS G•noral Fund lunreBiricled) Designated Funds lunrestriderfi R¢8trited Funds 11 11 11 482,285 1979 2S4,279 13,138 4,596 492.970 272.013 Approved by ihe Parochial Church Council on 29° May 2024 and signed on its behalf by Mr J03eph Edwards Churchwarden and PCC Lay Vice Chair Pa3e 8
PAROCHIAL CHURCH COUNCIL OF ALL SAiiifs CATHERINGTON NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023 ACCOUNTING POLICIES Basis of preparlng the financial statements The financial statements of the charity, which is a public benefit entity under FRS102, have been prepared in accordan with the Charities SORP IFRS 102) 'Accounting and Rèporting by Charities.. Statement of Recommended Practice applicable lo charth'es preparing their accounts In accordance with the Financial Reporting Slandard applicable in the UK and Republic of Ireland {FRS1021 (effective 1 January 20191,, the Charities Act 2011 and the Church Accounting Regulations 2006 The financial statements have been prepared under the historical cost convention with the exception of investments, which ar8 included at market value. The PCC members Gonsider that there are no material uncertainties regarding the charity's ability to Continue as a going concern. Income All income is recognised in the Statement of Financial Activities once the charity has entillement to the funds, it is probable that the income will be received and the amount can be measure reliably Income has been classified under headings thal aggregate all incom8 related to the category. The exceptlon is legacies of tangible fixed assets, which are induded as in¢ome at estimated market value on receipt. Expondltur• Liabilities are recognised as expenditur8 as soon as there Is a legal or construdive obligation commrtting the charity to that expendrtur8, It is probable that a transfer of economic benefits wlll be required in settlement and the amount of the obligation can be measure reliably, Expenditurè 18 accounteij for on an accruals basis and has been dassffied under headings that aggregate 811 cost related to the Gategory. Tanglble fix 888ets Consecrated and benefi property is not included in the accounts in accordance with S 10{21(a) and (c) of the Charilies Act 2011. Other tangible fixed assets are included at èstimated market value. No value 15 placed on moveable church fumishings held by the Churchwardens on special trust for the PCC and which require a faculty for disposal since the PCC considers this inalienable property. All the expenditur8 incurred dunng the year on consecrated or benefice buildings and moveable church furnishings. whether maintenance or improvement. is written off as expenditu in the SOFA and separately disclosed. Investments Fixed assets investments are included 8t market value at the balance sheet date. Realised gains and losses on Investments are catulated as the dtfference behveen sale proceeds and their market value al the start of the year or their subsequent cost. and are charged or credtted to the statement of financial activrties in Ihe year of disposal. Unrealised gains and losses represent the movement in market values during the year and are charged or credited to the statement of financial activrties based on the market value at the end of the year. Flnancial Instruments The PCC only enlers into basic financial instruments transactions that rèsult in Ihe recognition of financial assets antj liabilities like trade and other accounts re1Vable and payable, loans from banks and other third parties and loans to related parts'es, and investrnents in non-puttable ordinary shares. Page 9
PAROCHIAL CHURCH COUNCIL OF ALL SAINTS CATHERINGTON NOTES TO THE FINANCIAL STATEMENTS- continued FOR THE YEAR ENDED 31 DECEMBER 2023 ACCOUNTING POLICIES (continued) Debtors and cash at bank Short term debtors are measured at transaction wce, less any impaiment. Loans receivable are measured inilially al fair value, net of transaction costs, and are measure subsequently at amortised cost using the effective interest method. less any impairment. Cash and cash equivalents Cash and cash equivalents compromise cash at bank and on hand, deposits with bank and other short-term highly liquid Investments and bank overdrafts. In tha balance sheet, bank overdrafts are shown within borrowings or rrent liabilities. Creditors and provigfjons Creditors and provisions are recognised where the charity has a present obligation resulting from a past evenl that will probably result In the transfer of funds lo a third party and the amount due to settle the obligation can be measured or èstimated reliably. Creditors and provisions are normally recognised at their settlement amount after allowing for any trade discounts due. Fund accounting Unrestricted funds can be used in accordance with the charilable objectives at the discretion of the trustees IPCC). Restncted funds Gan only be used for particular restncted purposes within the objects of the charity. R6slrictions arise when specffied by the donor or when funds are raised for parbcular restncted purposes Further explanatson of the natu and purpose of each fund 18 included in Ihe notes to the financial stat8ments. Page 10
PAROCHIAL CHURCH COUNCIL OF ALL SAINTS CATHERINGTON NOTES TO THE FINANCIAL STATEMENTS- continued FOR THE YEAR ENDED 31 DEGEMBER 2023 INCOME FROM Unrostrict General Fund$ unrtrIct0d Designated FLknds Totsl 2023 Total 2022 Fund• 2• Donatlons and Legacies Planneil Gwing Coll8ctions ènd Don¥iTon8 Income Tax Recoveratjle Grant Income Lega¢ie3" 13,317 8.204 1,822 13.4n 8,355 1,822 4,138 220,(X)O 14.333 7,1e8 1,785 1,000 151 220,C 244,643 151 2.794 24,284 Incomtr from Op•rntlonal Actlvitog ofth• ChrTty 2b Church Actlviti F8¢8 Bells. Veig•r and Fbwern 12.518 5.229 17.747 12.818 5.229 17.747 16,903 189 17,072 2¢ ActlvltI Ity G¥neY•ting Fund• Mag92ine Evènts Church H811 Toa Fund Land Rent 289 10.294 55 8.335 16,972 289 10.294 55 8.335 693 11,7es 80 12.548 2d Investment Incom• Bank & C8F Fund Ini8re8t Dlvldonds 285 81 379 81 283 81 TOTAL 279,729 2,888 282,n6 54.2e6 'Estim8t8d valuè of bequeathed land east olchurchyarrl Page11
PAROCHIAL CHURCH COUNCIL OF ALL SAINTS CATHERINGTON NOTES TO THE FINANCIAL STATEMENTS- contlnued FOR THE YEAR ENDED 31 DECEMBER 2023 EXPENDITURE ON UnTrstrlcted General Funds Unrnstrtct¢d D8signat4d Funds Restrlct•d Funds Total 2023 Total 2022 3A Raising Fund$ Magaiir Events Church Hall Contactless Glving 9,703 9.703 35 9757 9,757 3b Chur¢h ActlvltleB Diocesan Charges Clergy Exp8n808 Charita8 Givlng" 8optysm. Wedding & Funernl Gosts Cost of Servic•s Church Running Costs Church Maintenan Church Management & Admin Mi$$itrn and Outreach 47,845 702 2.150 3.758 3,172 9.407 47.845 702 2.130 3.758 3,172 9.407 5.905 4,962 1.800 79.700 37.070 1.028 135 2.913 4,235 12,004 11,547 3.687 4,311 4.2 75.389 4,311 72,619 3c Support Cots Independent Exarnins Fees Ac£ountancy F 1,247 1.247 1,418 1,418 1,247 TOTAL 4,311 90.703 74.035 SUPPORT COSTS Total 2022 2023 Govornan Co•ts Independent Examinerf8 Fe88 Ch8ntabJ8 giving tspresents Magazin8 Funds tr8nsf8rr8d to St Jame8 ClanfEld in lina wrth previous 50/50 share practice. Page 12
PAROCHIAL CHURCH COUNCIL OF ALL SAINTS CATHERINGTON NOTES TO THE FINANCIAL STATEMENTS- continued FOR THE YEAR ENDED 31 DECEMBER 2023 COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES Unrestrlcted Goneral Funds Unrostrfcted Deslgnated Funds Restrfcted Fund8 TOTAL 2022 INCOME FROM Donations and lega¢ies Church aclivib'es Activities for generating funds Investment Income 24.284 17.072 12,538 24.284 17.072 12,54S 364 TOTAL 54.258 EXPENDITURE ON Raising funds Church Aclivrtl8S 69,835 4.200 74.035 TOTAL 69.835 4,200 74,035 Nel gainslllos58s1 on investments 125.3801 125,3801 NET {EXPENDITUREyINCOME 140.957) 14.192) 145,1491 Tr•n8for b•tw•en fund• Nel movèm•nt In fund• . {40.957) (4,192) 145,1491 RECONCILIATION OF FUNDS Tol•l lund• brought foThvard 295,236 17.330 4,596 317,162 TOTAL FUNDS CARRIED FORWARD 13.138 272 013 Page 13
PAROCHIAL CHURCH COUNCIL OF ALL SAINfs CATHERINGTON NOTES TO THE FINANCIAL STATEMENTS- continued FOR THE YEAR ENDED 31 DECEMBER 2023 INVESTMENTS & OTHER TANGIBLE FIXED ASSErs 2023 2022 Market value as at 1 January 2023 Additions 243,754 279,434 Disposals Unrealised gainsl(losses) on Investments Market value as at 31 De(xmber 2023 (21,0001 28.885 251,639 (10,300) {25.380) 243,754 All investments are held within the UK Bequeathed land east of churchyard B induded at estimated market value of £220.OCHJ in 2023. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR 2023 2022 Aged debtors Other debtors 1431 1,388 736 1,431 2,124 CREDITORS: AMOUNTS FALUNG DUE WITHIN ONE YEAR 2023 2022 Accruals 1,241 700 1,241 Deferred Income Aged Creditors 3.467 5.408 262 1,503 Deferred incom6 represents fees received in advance for wedding$. 2023 2022 Brought forward Amount released to incoming resources Amount deferred in year Carned forwar(I 300 (300) 700 700 REMUNERATION One person connected with the PCC has been paKI, or is payable, remuneration or other benefits from PCC funds. Amounts paid to Mrs D Vears during the year to 31 December 2023 totslled £4,480 12022. £3,805) Page 14
PAROCHIAL CHURCH COUNCIL OF ALL SAIIfft8 CATHERINGTON NOTES TO THE FINANCIAL STATEMENTS- conllnued FOR THE YEAR ENDED 31 DECEMBER 2023 10 ANALYSIS OF NET ASSETS BETWEEN FUNDS Unrestri¢tad Funds DIgnal#d Funds Totsl Funds 2023 Funds Funds 2022 Fixed Assets Current Asset5 Cufr$nt Lwbililes 471.839 16.054 5.408 482.285 471,639 28,739 5.408 492,970 243.754 29.763 1,503 272.013 2.979 2.979 7.7C6 11 MOVEMENT IN FUNDS Atl.1.23 N•t movement In fund• At 31.12.23 Unrnjtricted fund• G6noFal fvnd 255.764 226,521 482.285 255.764 228,521 482,285 De$lgnatod lund• Magmzints Ball Tow8f Hand Bells 5.188 1,210 742 {4,2921 151 875 1,362 742 7,120 (4,141) 2,979 Rostrlct8d Fund• Rèfurbiahmènl GnIS EHDC Councillor IHall Chairs) HPC Churchyard HCC Churchyard Gate EHDC Coun¢ilbr dyard path (1,9101 8,938 81 20) 81 20 {1801 9.129 114231 7,706 272,013 220.957 492 970 Net movem8nt in funds. included in th8 above are as follows.. Trnn¥feT twwn fund¥ Incomlng Resources ReBovrcog Expended Galm and 108se8 Movement in funds Unre•trlcted fund Genèral fund 279.729 188.392) 28,78S 22e.521 Dgslgnated lund¥ M898zine B&ll Tower Hand 11¥ 14,300) 14,29 151 151 159 (43) 14,1411 R•8tMetèd Funds Relurbi8hmenl Grants" EHDC Counallor (Hall Chaits) HPC Churthyard HCC Churchyard Gate EHOC Counctlior dyard path 250 (2.1eA 11,910) 11.180) (638) 1333 14311) (180} 638 1.OC4) 2,888 667 11423) TOTAL FUNDS 382.T76 .7C13 28.885 220.957 Page 15
PAROCHIAL CHURCH COUNCIL OF ALL SAINTS CA THERINGTON NOTES TO THE FINANCIAL STATEMENTS- continued FOR THE YEAR ENDED 31 DECEMBER 2023 MOVEMENT OF FUNDS- continued Comparatives for movèment in funds At1.1.22 Net movemant in fund$ At 31.12.22 Unrp$tri¢t funds General fund 295.238 40,9 254 279 295.236 {40.9571 254.279 Dè81gnaied fund¥ Refurbishment Magazine Bell Tower Yaid Hand Bell8 14,21Y)I 13,8551 5,168 3,373 S.180 3,373 742 742 17,tsJ (4,192) 13.138 R•8trlct&d Fund? EHDC Councillors Grant LSV 81 4.515 81 4,515 4.598 317,182 45.149 272,013 Net movement in funds. included in th8 above are as follows. Tran8f•r between fvndl In¢omlng Re8ourwJ G•ln• •nd 10••0¥ Mov•m•nt In funds Unre•trictsd funth General fund 189,8351 135,6801 140,957) De8lgn9t•d fund• Refurbishment 89azl B911 Tower Hgnd B•lls 14,2iJ)) 14.200) 14,21X)) 14.1921 Restricted Fund8 EHDC Councillors Grant LSV TOTAL FUNDS 74.035 35,680 45,149 Paye 16
PAROCHIAL CHURCH COUNCIL OF ALL SAii¥fs CATHERINGTON NOTES TO THE FINANCIAL STATEMENTS- Gontinued FOR THE YEAR ENDED 31 DECEMBER 2023 11 MOVEMENT OF FUNDS (continued) Designatsd funds Designated funds are allocated by the PCC for the Bell Tower and Parish Magazine. The formerly reported designated fund for refurbishment is in fact part of the restnd8d Refurbishment Fund below- reporting this year has been clarified in this regard. There is no longer a designated fund for the churchyard - some restncted lunds are allocated to churchyard maintenance arising from council grants. Eadier PCC decisions to designate specffic fijnds to heating improvements and provision of broadband internet to the church from the hall were reversed in earlier years. These projects are sts"Il ongoing and there are funds available to satisfy the requirement Restrlcted funds Restricted funds are. Refurbishment Funds.. for the fUrbI8hMent and improvement of the church building including healing and lighting, this is ongoing. In previous accounts this was listed as the LSV fund bul has b8en clarified for accounts reporting. Grants. Hampshire County Council £838 19- Churchyard Gate and Path, East Hampshire District Council £1000- Churchyard Gate aTrJ Path, Horndean Parish Coun1 £1000- Churchyard Maintenance Transfers botrween lund8 Transfers between funds are made lo cover any shortfall in restricted furKI8 8nd to move funds betW8en designated and general accounts as required. 12 RELATED PARTY DISCLOSURES During the year there were no related party transactions12022. £nil) - 2022 accounts r8ported £3,849 reimbursement to Tru8tee8. however these were not related party trar)88Ctions. Page 17