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2023-12-31-accounts

The Parochial Church Council of the Ecclesiastical Parish of St Nicholas, Dunnington

Registered Charity: 1178934

Annual Report and Financial Statements

For the Year Ended: 31st December 2023

“From everyone who has been given much, much will be demanded” (Luke 12:48)

The Parochial Church Council of the Ecclesiastical Parish of St Nicholas, Dunnington

Annual Report and Financial Statements

For the Year Ended: 31st December 2023

Page
Annual Report 1 – 7
Statement of Financial Activities 8
Balance Sheet 9
Notes to the Accounts 10 – 20
Independent Examiner’s Report 21

The Parochial Church Council of the Ecclesiastical Parish of St Nicholas, Dunnington

Annual Report for the Year Ended 31st December 2023

The Parochial Church Council (“the PCC”) has pleasure in presenting its Report together with the Financial Statements for the year ended 31 December 2023.

The financial statements have been prepared in accordance with the accounting policies set out in notes to the financial statements and comply with the PCC’s governing document, the Charities Acts 2011 and 2022 and the relevant version of the Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102).

The PCC is a Registered Charity (1178934) and is a public benefit entity.

Aim and Purpose

St Nicholas’ PCC has the responsibility of co-operating with the incumbent in promoting in the ecclesiastical parish the whole mission of the Church, pastoral, evangelistic, social and ecumenical.

The PCC is also specifically responsible for the maintenance of the Church and Tower Room complex of St Nicholas’ Church, Dunnington.

St Nicholas’ Church is now part of a four-church benefice, the Benefice of Rural East York.

Objectives and Activities

The PCC is committed to enabling as many people as possible to worship at the church and to become part of the parish community at St Nicholas’ Church. The PCC maintains an overview of worship throughout the parish and makes suggestions on how services can involve the many groups that live within the parish. The services and worship put faith into practice through prayer and scripture, music and sacrament.

When planning the activities for the year, the incumbent 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. In particular, the PCC tries to enable ordinary people to live out their faith as part of the parish community through:

Our Mission Statement: ‘A Christ-like presence with the people of Dunnington’

We believe that, in Jesus, God has revealed the most compelling way to be fully human and fully alive. God is calling us to respond to His love, to flourish as a community and to practise the way of Jesus filled with his Spirit and rooted in the Bible and the Holy Sacraments.

We aim to embody this by being a church community that shows and shares the love of Jesus by providing to all:

1

The Parochial Church Council of the Ecclesiastical Parish of St Nicholas, Dunnington

Annual Report for the Year Ended 31st December 2023 (continued)

Achievements and Performance

Worship and Prayer

The PCC is keen to offer a range of services during the week and over the course of the year that our varied community finds both beneficial and spiritually fulfilling.

Our normal services consist of an intimate Sunday 8.00am service, now twice monthly, following the historic word of the Book of Common Prayer (Common Worship Order Two); a Wednesday 9.00am service following Holy Communion Order One; a more vibrant Sunday 10.30 am Parish Worship with music playing a large role. A new, more informal and intentionally invitational, opportunity for worship continues on two Sundays a month at 7.00pm in the Tower Room.

We now worship as a Benefice on the fourth and any fifth Sundays of the month.

We continued to offer a weekly 30-minute Sunday service on the St Nicholas’ Church/Benefice of Rural East York YouTube channel, until July. A midweek Compline service via zoom continues to attract fifteen to twenty people each week.

It was hoped to keep the Re-Ignite youth group going, but finding leaders proved to be difficult.

The “Little People Play and Praise” sessions that take place weekly during term-time for pre-school children and their carers continues. For the pre-school and primary-aged children of the Benefice several Messy Church sessions were held either at Dunnington or Stockton-on-the Forest. The Children and Families worker post remains vacant.

Monthly Evening and weekly Daytime Fellowship Groups provide opportunities for people to learn from the Bible, to discuss their experience of the joys and challenges of the Christian life and to pray and build friendships. A Christian Meditation Group meets monthly, existing to promote silent contemplative prayer and meeting a need in the parish for this approach to Christian spirituality. A well-attended Benefice Lent course was held in the Tower Room, where we heard speakers from the Islam, Unitarian, Sikh, Baha’i and Hindu faiths.

Church attendance

All are welcome to attend the regular services at St Nicholas’ Church. There were 124 parishioners on the Church Electoral Roll at 31 December 2023, a decrease of one during the year. The usual Sunday attendance of 66 was a slight reduction on the previous year. While the Sunday at Seven services are proving very popular, we have seen a falling number attending the 8am services on a Sunday. Very few children are attending the main services. Attendance at Christmas has remained high with the popular outdoor Carol service being well attended. The numbers attending the Easter service reduced. The church hosted 3 marriages in 2023 a higher number than in recent years. There were only 2 baptisms in the year which was much lower than previous years.

Derwent Deanery Synod

Three members of the PCC sit on the Derwent Deanery Synod. This provides the PCC with an important link between the parish and the wider structures of the church.

2

The Parochial Church Council of the Ecclesiastical Parish of St Nicholas, Dunnington

Annual Report for the Year Ended 31st December 2023 (continued)

The Tower Room Complex

The Tower Room Complex is used for the majority of the church groups and social events and is also available for hire. Bookings have not returned to pre-covid numbers but groups using the facility include the Parish Council and an art/sewing group.

As part of our fundraising efforts towards replacing the Tower Room roof and church heating system, we opened the church for refreshments and to offer toilet facilities (for an optional donation) for visitors who had come to watch the Yorkshire Marathon pass by the village. It was also the base for a fund-raising Village Scarecrow Trail.

Pastoral Care

The church hosted regular Sunday Parish Lunch and mid-week Fun Food and Fellowship days attended primarily by elderly parishioners.

A Community Cafe is now held most Saturdays and a “Light a Candle” Bereavement Café once a month. Refreshments are often served after services or during some of the other worship opportunities.

Some members of the parish are unable to attend church due to sickness or age. Home visits, phone calls and Communion, are offered and are normally co- ordinated through the Pastoral Visiting Team, consisting of both clergy and lay visitors who visit the housebound and residents of local care homes.

Communion is taken monthly to the residents at Grimston Court and the Manor Beaumont at Stamford Bridge.

Mission and Evangelism

Helping those in need is a demonstration of Christian Love. The church has continued to support the Children’s Society with a Christingle service and some parishioners maintain a collection box for their donations. In addition, the church supported Dunnington Primary School, IDAS (women’s refuge) and a Local Foodbank. A house-to-house collection is organised during Christian Aid week.

The PCC approved mission and charitable donations of £8,500, the beneficiaries being Tearfund’s Turkey-Syria Earthquake Appeal, The Besom and Bundles of Joy.

Other Church Activities

Details of all other church activities and groups, and more comprehensive commentaries on the foregoing activities, are contained in a separate Report available at the Annual Parochial Church Meeting.

Financial Review

2023 has seen a large amount of expenditure on church maintenance following the completion of the new Tower Room roof (the first phase of the ‘Big Build’ project). Further funds are needed in order to begin the second phase (the replacement of the heating system). Fund raising may be hampered as the cost-of-living crisis continues. The PCC needs to prepare for substantial increases in utility costs in 2024 (since our 3-year fixed term gas contract ended in November 2023).

3

The Parochial Church Council of the Ecclesiastical Parish of St Nicholas, Dunnington

Annual Report for the Year Ended 31st December 2023 (continued)

The final outturn for the year on all funds, before accounting for net investment losses, was total income £148,285 (2022, £147,842) and total expenditure £213,037 (2022, £118,130) resulting in net expenditure (a deficit) of £64,752 (2022, £29,712 surplus). The General Fund realised a deficit of £1,535 (2022, £12,252 surplus).

Planned giving by standing order remained stable at £55,507 in 2023 (2022, £56,610). Free Will Offerings (open plate collections and the church’s share of collections at funerals) decreased from £10,739 in 2022 to £6,066 in 2023. Envelope giving has decreased slightly to £1,337 (2022, £1,720). Use of the contactless card machine has grown to £1,235 (£1,057, 2022). Donations received by cash or cheque were £4,878 (compared to £19,018 in 2022 when there were many generous donations to the Big Build campaign).

The ‘Big Build’ campaign to replace the Tower Room roof and heating has raised a total of approximately £92,000 (£15,000 raised in 2023) through a combination of donations, grants and fundraising events (all allocated to the Fabric fund). Notably, this year, we received a £600 Grant from the Benefact Trust to pay for the new roof alarm sensors and £18,416 from the Listed Places of Worship VAT reclaim scheme.

Income from Tower Room bookings has not recovered to pre-COVID-19 levels. In 2023, £1,140 was received in lettings compared to £800 in 2022 and pre-pandemic levels of £4,160 in 2019.

Expenditure on church maintenance and repairs was £105,095, of which £102,155 related to the costs of the new Tower Room roof.

Our freewill offering to the diocese increased by 4% to £59,692 in 2023 (2022, £57,396). The 2023 Mission and Giving donations will be £3,900 each to an overseas charity and a ‘home’ charity (2022, £4,250 each).

The General Fund balance (reserves) at the year-end have decreased to £23,604 (in 2022 the General Fund balance was £26,808). Restricted Funds have seen a substantial decrease of £57,961 due to the Big Build project.

There was an upturn of the stock markets in 2023, which saw the market value of The Church Estate Fund investment increase by £3,580 (9.3%) and the James Twinam Fund investment increase by £719 (10%). The dividends from the James Twinam Fund (£227) will be donated to Dunnington Church of England Primary School to support the Pupil Premium.

Reductions in subscriptions and advertising income, coupled with increased printing costs, have resulted in an inyear loss from the parish magazine (Grapevine). New advertisers and a cheaper printing supplier will need to be sought in order for the magazine to remain financially stable.

The net movement on all funds, after taking into account the net market value gains on investments, amounted to £60,453 deficit (2022 £23,651 surplus), which when added to the funds brought forward at the beginning of the year, resulted in fund balances to carry forward at 31 December 2023 of £108,069 (2022, £168,522).

Reserves policy

The PCC’s policy is to maintain a balance on unrestricted free funds (if possible) to cover 3 month’s running costs which equates to approximately £25,000 (minimum £20,000). The current balance of £23,604 is within this range. However, despite an aim to increase planned giving by 10%, the 2024 budget anticipates a deficit from increased expenditure on energy costs and expenditure on planned improvements to the audio-visual equipment. We must prioritise our longer-term work on the new energy-efficient heating system, for which separate specific funds are being sought, to help to minimise need for emergency funds, reduce costs and increase income.

4

The Parochial Church Council of the Ecclesiastical Parish of St Nicholas, Dunnington

Annual Report for the Year Ended 31st December 2023 (continued)

Investment policy

It is the PCC’s policy to invest fund balances with CCLA Investment Management Limited incorporating the CBF Church of England Deposit Funds.

Volunteers

The PCC extends grateful thanks to all the volunteers who work so hard to make St Nicholas’ Church the lively and vibrant community it is. Some roles are more ‘high profile’ than others but there is so much valuable work that goes on unseen during the year contributing to the church’s ministry and keeping it running. The importance and value of volunteers has been further highlighted in 2023 due to the vacant Rector’s post and the curate, Rev Mark Poole, leaving to commence as priest in charge at Barmby Moor.

Structure, Governance and Management

The PCC is a corporate body established by the Church of England and operates under the Parochial Church Council Powers Measure.

The method of appointment of PCC members is set out in the Church Representation Rules. At St Nicholas’ the membership of the PCC consists of the Incumbent (Rector), Curate, Licensed Lay Minister (Reader), Churchwardens and Members elected by those members of the congregation who are on the electoral roll of the church. All those who attend services or are members of the congregation are encouraged to register on the Electoral Roll and stand for election to the PCC.

The PCC members are responsible for making decisions on all matters of general concern and importance to the parish including deciding how the funds of the PCC are to be spent.

The PCC met seven times during 2023, with an average level of attendance of 13 members. Given its wide responsibilities the PCC has sub-set/focus group discussions (for example for Fabric issues) on particular aspects with key conclusions reported back to the full PCC for advice or decision. In addition, the PCC discusses relevant issues from wider groups such as the Derwent Deanery Synod and Benefice Pastoral Committee.

Some specific matters discussed were the Annual Diocesan “Freewill Offering” for 2024; Mission and Charity Giving; the format of Sunday worship; funding the Big Build projects; and matters in managing the vacancy and the process of appointing a new Rector. The Rev Katharine McBride was appointed, as Rector of the Benefice of Rural East York, in July 2023.

Administrative Information

St. Nicholas’ Church is situated in the village of Dunnington near York. It is part of the Benefice of Rural East York, Diocese of York within the Church of England. The correspondence address is The Rectory, 30 Church Street, Dunnington, York, YO19 5PW.

The PCC is a body corporate (PCC Powers Measure 1956, Church Representation Rules 2020) and is registered with the Charity Commission (Registered Charity 1178934).

The Parish was in vacancy from September 2022. A new Incumbent (Revd Katharine McBride) was Chair of the PCC from July 2023. During the year meetings were chaired by Peter Helm (Lay Chairman).

5

The Parochial Church Council of the Ecclesiastical Parish of St Nicholas, Dunnington

Annual Report for the Year Ended 31st December 2023 (continued)

PCC members who have served from 1 January 2023, or date of appointment if later, until the date this report was approved, or date of retirement/resignation if earlier, are:

Ex-officio members:
Incumbent: The Revd Katharine McBride Chair (from 4 July 2023)
Curate: The Revd Mark Poole Chairman (until February 2023)
Licensed Lay Minister (Reader): Judith Hewitt Representative on Derwent Deanery Synod
Churchwardens: Peter Helm Lay Chairman
(re-elected at APM 2023: 23 April 2023)
Carole White (re-elected at APM 2023: 23 April 2023)
Other ex-officio members: Joan Verrier Representative on Derwent Deanery Synod
(until APCM 2023: 23 April 2023)
Margaret Eldridge Representative on Derwent Deanery Synod
(re-elected at APM 2023: 23 April 2023)
Steve Wilson Representative on Derwent Deanery Synod
(elected at APM 2023: 23 April 2023)
Elected lay members: Colin Beale
Jenny Brooks (elected at APM 2023: 23 April 2023)
Angela Creswick (elected at APM 2023: 23 April 2023)
Mary Murray Benefice Safeguarding Representative
(until August 2023)
Patricia Muir (co-opted 8 May 2022; elected at APM 2023: 23
April 2023)
Andrew Pomfret
June Rickell
Pamela White (elected at APM 2023: 23 April 2023)
Steven Wilson (until APCM 2023: 23 April 2023)
Robert Woolley (until APCM 2023: 23 April 2023)
Joan Verrier (elected at APM 2023: 23 April 2023)
Co-opted lay members: Eva Scoreby Secretary
(co-opted 8 May 2022; stood down at APM 2023: 23
April 2023)
Elizabeth Skilbeck (elected until APM 2023: 23 April 2023, co-opted at
APCM as Secretary)

{AMP = Annual Meeting of the Parishioners; APCM = Annual Parochial Church Meeting} There were four vacancies for an elected lay person on the PCC at the end of 2023. The PCC’s Treasurer re-appointed at PCC meeting on 23 April 2023 is Mrs Helen Pomfret The Fabric Officer re-appointed at PCC meeting on 23 April 2023 is Mrs Angela Creswick The Electoral Roll Officer re-appointed at PCC meeting on 23 April 2023 is Mrs Elizabeth Skilbeck

6

The Parochial Church Council of the Ecclesiastical Parish of St Nicholas, Dunnington

Annual Report for the Year Ended 31st December 2023 (continued)

The PCC’s bankers and independent examiner are:

Bankers: The Co-operative Bank plc. National Westminster Bank plc P.O. Box 101 Main Street 1 Balloon Street Heslington Manchester York M60 4EP YO10 5ZB CCLA Investment Management Limited The CBF Church of England Funds Senator House 85 Queen Victoria Street London EC4V 4ET Independent Examiner: Mr Brian Hopper Foxvillle Garthends Lane Hemingbrough Selby YO8 6QW

Statement of responsibilities of the parochial church council

Law applicable to charities in England and Wales and guidance issued by the Central Board of Finance of the Church of England require the PCC to prepare financial statements which give a true and fair view of the PCC’s financial activities during the year.

In preparing financial statements giving a true and fair view, the PCC should follow best practice and:

The PCC are responsible for keeping proper accounting records which disclose with reasonable accuracy at any time the financial position of the PCC and enable them to ensure that the financial statements comply with the Church Accounting Regulations 2006 and the Charities Acts 20211 and 2022. They are also responsible for safeguarding the assets of the PCC and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

Approved by the PCC 13 March 2024 and signed on its behalf by:

Rev K McBride (PCC Chair).

7

The Parochial Church Council of the Ecclesiastical Parish of

St Nicholas, Dunnington

Statement of Financial Activities

for the Year Ended 31 December 2023

Note
Income and endowments from:
Donations and legacies
2(a)
Charitable activities
2(b)
Other trading activities
2(c)
Investments
2(d)
Other income
2(e)
Total income
Expenditure on:
Raising funds
3(a)
Charitable activities
3(b)
Other trading activities
3(c)
Total expenditure
Net income/(expenditure) before gains
and losses on investments
Net gains/(losses) on investments
6
Net income/(expenditure)
Transfers between funds
Net movement in Funds
Reconciliation of funds:
Fund balances brought forward at
1 January 2023
Fund balances carried forward at
31 December 2023
Restricted
General
Designated
Funds
2023
2022
£
£
£
£
£
79,702
100
23,206
103,008
114,148
5,518
1,682
7,390
14,590
17,762
2,605
-
10,346
12,951
13,629
-
344
4,093
4,437
2,303
-
-
13,299
13,299
-
87,825
2,126
58,334
148,285
147,842
861
698
58
1,617
678
88,499
6
109,098
197,603
106,146
-
-
13,817
13,817
11,306
89,360
704
122,973
213,037
118,130
(1,535)
1,422
(64,639)
(64,752)
29,712
-
-
4,299
4,299
(6,061)
(1,535)
1,422
(60,340)
(60,453)
23,651
(1,669)
(710)
2,379
-
-
.
.
(3,204)
712
(57,961)
(60,453)
23,651
26,808
10,567
131,147
168,522
144,871
23,604
£
11,279
£
73,186
£
108,069
£
168,522
£
Unrestricted Funds
Total Funds

The notes on pages 10 to 20 form part of these financial statements.

8

The Parochial Church Council of the Ecclesiastical Parish of

St Nicholas, Dunnington

Balance Sheet as at 31 December 2023

Unrestricted Funds Unrestricted Funds Restricted
General Designated Funds Total
2023 2022
Note £ £ £ £ £
Fixed Assets
Tangible fixed assets 5 - - - - -
Investments 6 - - 49,815 49,815 45,516
- - 49,815 49,815 45,516
Current Assets
Debtors 7 10,382 - 8,058 18,440 11,177
Cash at bank and in hand 24,955 11,279 42,747 78,981 150,004
Total Current Assets 35,337 11,279 50,805 97,421 161,181
Current Liabilities
Creditors: amounts falling due
within one year 8 11,733 - 7,934 19,667 18,675
Total Current Labilities 11,733 - 7,934 19,667 18,675
Net Current Assets 23,604 11,279 42,871 77,754 142,506
Total assets less current
liabilities 23,604 11,279 92,686 127,569 188,022
Non-Current Liabilities
Creditors: due to be paid beyond
one year 9 - - 19,500 19,500 19,500
Total Non-Current Liabilities - - 19,500 19,500 19,500
Net Assets 23,604
£
11,279
£
73,186
£
108,069
£
168,522
£
Parish Funds
Unrestricted General Funds 23,604 - - 23,604 26,808
Unrestricted Designated Funds 10 - 11,279 - 11,279 10,567
Restricted Funds 10 - - 73,186 73,186 131,147
23,604
£
11,279
£
73,186
£
108,069
£
168,522
£

Approved by the Parochial Church Council on 13th March 2024 and signed on its behalf by:

Rev K McBride PCC Chair

……………………………………………….. H L Pomfret Treasurer

The notes on pages 10 to 20 form part of these financial statements.

9

The Parochial Church Council of the Ecclesiastical Parish of St Nicholas, Dunnington

Notes to the Financial Statement - 31 December 2023

1. Accounting Policies

The financial statements have been prepared in accordance with the relevant version of the Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102), the Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland (FRS 102), the Charities Acts 2011 and 2022 and UK Generally Accepted Accounting Practice.

The financial statements have been prepared to give a ‘true and fair’ view and have departed from the Charities (Accounts and Reports) Regulations 2008 only to the extent required to provide a ‘true and fair view’. This departure has involved following the relevant version of the Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) rather than the Accounting and Reporting by Charities: Statement of Recommended Practice effective from 1 April 2005 which has since been withdrawn.

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.

The PCC is a public benefit entity.

Fund Accounting

Unrestricted Funds are income funds which are to be spent on the PCC’s general purposes.

Designated funds are general funds set aside by the PCC for use in the future. Project funds are designated for particular projects for administration purposes only. Funds designated as invested in fixed assets for the PCC’s own use are abated in line with those assets’ annual depreciation charges in the SOFA, where applicable. Designated funds remain unrestricted and the PCC will move any surplus to other general funds.

Restricted Funds comprise (a) income from endowments which is to be expended only on the restricted purposes intended by the donor, and (b) revenue donations or grants for a specific PCC activity intended by the donor. Where these funds have unspent balances, interest on their pooled investment is apportioned to the individual funds on an average balance basis, where applicable.

Endowment Funds are funds, the capital of which must be retained either permanently or at the PCC’s discretion; the income derived from the endowment is to be used either as restricted or unrestricted income funds depending upon the purpose for which the endowment was established in the first place.

Income recognition

All income is recognised once the PCC has entitlement to the income, there is sufficient certainty of receipt and so it is probable that the income will be received, and the amount of income receivable can be measured reliably.

Planned giving, collections and donations are recognised when received. Tax refunds are recognised when the income to which they relate is received. Grants and legacies are accounted for when the PCC is legally entitled to the amounts due. Dividends and interest are accounted for when receivable. All other income is recognised when it

10

The Parochial Church Council of the Ecclesiastical Parish of St Nicholas, Dunnington

Notes to the Financial Statement - 31 December 2023 (continued)

is receivable. Amounts received specifically for mission are dealt with as restricted funds. All income is accounted for gross.

Expenditure recognition

Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the PCC to that expenditure, it is probable that settlement will be required and the amount of obligation can be measured reliably.

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 assessment is accounted for when due. All other expenditure is generally recognised when it is incurred and is accounted for gross.

Fixed assets

Consecrated and benefice property is not included in the financial statements in accordance with section 10 (2) (a) of the Charities Act 2011.

Movable church furnishings held by the vicar 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. All expenditure incurred during the year on consecrated or benefice buildings and movable church furnishings, whether maintenance or improvement, is written off.

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 £1,000 or less are generally written off when the asset is acquired.

Investments

Investments are stated at market value at the balance sheet date. The Statement of Financial Activities includes the net gains and losses arising on revaluation at the year end and disposals throughout the year.

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slowmoving items.

Current assets

Amounts owing to the PCC at 31 December in respect of fees, rents or other income are shown as debtors less any provision for amounts that may prove uncollectable.

11

The Parochial Church Council of the Ecclesiastical Parish of St Nicholas, Dunnington

Notes to the Financial Statement - 31 December 2023 (continued)

Operating lease agreements

Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged against income on a straight-line basis over the period of the lease.

Irrecoverable Value Added Tax

The PCC is not registered for Value Added Tax (VAT) and accordingly expenditure is shown gross of irrecoverable VAT. The VAT incurred from time to time on certain fabric repair and maintenance expenditure can, however, be recovered under the Listed Places of Worship Grant Scheme.

Going Concern

The financial statements have been prepared on a going concern basis. This assertion is supported by budgets and forecasts. The PCC, having considered the foregoing and having made due enquiries, continue to adopt the going concern basis in preparing the financial statements which assumes that the PCC will continue in operation for the foreseeable future.

Taxation

The PCC is exempt from taxation on its income and gains under sections 521 to 536 of the Income Tax Act 2007 (ITA 2007) and section 256 of the Taxation of Capital Gains Tax Act 1992 (TCGA 1992) respectively.

12

The Parochial Church Council of the Ecclesiastical Parish of

St Nicholas, Dunnington

Notes to the Financial Statement - 31 December 2023 (continued)

2. Income and endowments
2(a) Donations and legacies
Planned giving: envelopes
Standing orders and other
Online giving
Tax recoverable (Gift Aid)
Collections (open plate)
Contactless giving
Gift aid small donations scheme (GADS)
Donations, appeals, etc.
Legacies
Grants
Restricted
General
Designated
Funds
2023
2022
£
£
£
£
£
1,337
-
-
1,337
1,720
55,507
-
-
55,507
56,610
122
-
350
472
833
11,775
-
720
12,495
17,088
6,066
-
-
6,066
10,739
981
-
254
1,235
1,057
2,000
-
-
2,000
2,000
1,543
100
3,235
4,878
19,951
-
-
-
-
-
371
-
18,647
19,018
4,150
79,702
100
23,206
103,008
114,148
Unrestricted Funds
Total Funds

In 2022, donations income included £22,352 relating to restricted funds, £22 to designated funds, the balance related to general funds.

2(b) Income from charitable activities
Parochial fees
Fund-raising and sundry (including catering)
Dedicated collections-missions & charities
3,101
-
-
3,101
2,830
2,417
1,682
2,401
6,500
9,468
-
-
4,989
4,989
5,464
5,518
1,682
7,390
14,590
17,762
2(c) Income from other trading activities
Tower room lettings
Community Café
Little People subscriptions
Children's holiday club
Magazine subscriptions
Magazine advertising
In 2022, income from charitable activities included
balance related to general funds.
1,140
-
-
1,140
800
1,465
-
-
1,465
1,395
-
-
158
158
200
-
-
-
-
270
-
-
4,194
4,194
3,628
-
-
5,994
5,994
7,336
£12,857 relating to restricted funds, £180 relating to designated funds, the
2,605
-
10,346
12,951
13,629

In 2022, income from other trading activities included £11,434 relating to restricted funds, the balance related to general funds.

2(d) Investment income
COIF Dividends
Deposit and other interest
-
-
1,377
1,377
1,371
-
344
2,716
3,060
932
-
344
4,093
4,437
2,303

In 2022, investment income included £2,191 relating to restricted funds, £112 relating to designated funds, the balance related to general funds.

2(e) Other income
Insurance claims
-
-
13,299
13,299
-
-
-
13,299
13,299
-

13

The Parochial Church Council of the Ecclesiastical Parish of St Nicholas, Dunnington

Notes to the Financial Statement - 31 December 2023 (continued)

Income 2016 to 2023 (all funds)

----- Start of picture text -----
£160,000
2016 2017 2018 2019 2020 2021 2022 2023
Planned Gi £ 40,251 £140,000£ 50,715 £ 52,166 £ 54,535 £ 54,578 £ 57,883 £ 59,163 £ 57,316
Gift Aid & G £ 9,662 £ 13,751 £ 12,117 £ 12,586 £ 11,661 £ 16,572 £ 19,088 £ 14,495
Open Plate £ 7,873 £120,000£ 7,795 £ 7,499 £ 7,530 £ 2,028 £ 7,672 £ 10,739 £ 6,066
Contactless £ - £ - £ - £ - £ - £ 219 £ 1,057 £ 1,235
Grants £ - £100,000£ 485 £ 4,932 £ 1,668 £ 498 £ 8,467 £ 4,150 £ 19,018
Donations £ 2,108 £ 5,880 £ 2,163 £ 2,570 £ 4,696 £ 19,106 £ 19,951 £ 4,878
Legacies £ 5,825 £80,000£ 5,500 £ 35,840 £ 1,001 £ - £ - £ - £ -
Transfer of £ 4,946 £ - £ - £ - £ - £ - £ - £ -
Transfer of £ - £ - £ - £ - £ 13,800 £ - £ - £ -
£60,000
Transfer of £ - £ - £ - £ - £ - £ 7,000 £ - £ -
Parochial F £ 5,393 £ 5,574 £ 4,049 £ 4,226 £ 2,501 £ 4,665 £ 2,830 £ 3,101
£40,000
Fund-raisin £ 2,102 £ 1,775 £ 2,236 £ 3,199 £ 697 £ 5,939 £ 9,468 £ 6,500
Dedicated c £ 2,330 £ 1,744 £ 2,958 £ 2,509 £ 2,764 £ 2,491 £ 5,464 £ 4,989
£20,000
Tower Roo £ 2,008 £ 3,260 £ 2,780 £ 4,160 £ 645 £ 420 £ 800 £ 1,140
Community £ - £ - £ - £ - £ - £ 398 £ 1,395 £ 1,465
£-
Magazine I £ 14,591 £ 15,265 £ 201613,872 2017£ 13,0792018£ 3,6922019 £ 202011,1102021£ 10,9642022 £ 10,1882023
Little PeoplInsurance claims£ - £ - £ £- 185 £-£ 352£- £ £-63 £ £- 24 £-£ 200£- £ £13,299158
Children's H£ - £ - £ - £ - £ - £ 212 £ 270 £ -
Insurance cInvestment Income£ - £ - £ £1,260 -£1,320£ £1,382- £ £1,618- £1,591£ £1,380- £ £2,303- £ £4,43713,299
InvestmentChildren's Holiday Club£ 1,260 £ 1,320 £ £-1,382 £-£ 1,618£- £ 1,591£- £ £-1,380£212£ 2,303£270 £ 4,437£-
Little People Subs98,349 113,063 142,179£- £-109,033£185 99,214£352 143,558£63 £24147,842£200 148,285£158
Magazine Income £14,591£15,265£13,872£13,079 £3,692 £11,110£10,964£10,188
Community Café £- £- £- £- £- £398 £1,395 £1,465
Tower Room Lettings £2,008 £3,260 £2,780 £4,160 £645 £420 £800 £1,140
Dedicated collections £2,330 £1,744 £2,958 £2,509 £2,764 £2,491 £5,464 £4,989
Fund-raising £2,102 £1,775 £2,236 £3,199 £697 £5,939 £9,468 £6,500
Parochial Fees £5,393 £5,574 £4,049 £4,226 £2,501 £4,665 £2,830 £3,101
Transfer of Funds: Grapevine £- £- £- £- £- £7,000 £- £-
Transfer of Funds: Stockton
£- £- £- £- £13,800 £- £- £-
PCC
Transfer of Funds: Twinam
£4,946 £- £- £- £- £- £- £-
Trust
Legacies £5,825 £5,500 £35,840 £1,001 £- £- £- £-
Donations £2,108 £5,880 £2,163 £2,570 £4,696 £19,106£19,951 £4,878
Grants £- £485 £4,932 £1,668 £498 £8,467 £4,150 £19,018
Contactless Giving £- £- £- £- £- £219 £1,057 £1,235
Open Plate Collections £7,873 £7,795 £7,499 £7,530 £2,028 £7,672 £10,739 £6,066
Gift Aid & GADS £9,662 £13,751£12,117£12,586£11,661£16,572£19,088£14,495
Planned Giving £40,251£50,715£52,166£54,535£54,578£57,883£59,163£57,316
Income £
----- End of picture text -----

14

The Parochial Church Council of the Ecclesiastical Parish of St Nicholas, Dunnington

Notes to the Financial Statement - 31 December 2023 (continued)

3(a) Raising funds
Catering costs
3(b) Charitable activities
Missionary and charitable giving
Overseas:
2022 Tearfund Turkey-Syria Earthquake Appeal
2023 TBC
Home:
2022 The Besom & Bundles of Joy (split 50:50)
2023 TBC
2022 James Twinam divends Dunnington Primary Schoo
2023 James Twinam divends Dunnington Primary Schoo
Other donations
Dedicated collections-missions and charities
Ministry: Diocesan freewill offering
Rector - working expenses
Assistant Curate - working expenses
Licensed Lay Minister (Reader) - working expenses
Visiting clergy -fees & expenses
Children & Families worker - working expenses
Children & Families worker - salary
Rectory & Curate - water rates
Upkeep of services
Youth group
Church water rates
Church heat and light
Church insurance
Church maintenance and repairs
Churchyard maintenance and repairs
Education and training
Parish weekend
Young people's weekend
Organists' honoraria
Communications Officer (Parish administration)
Telephone and internet
Printing, stationery and postage
Payroll accounting services
Bookkeeping accounting services
Miscellaneous expenses
Goodbox hire (contactless card machine)
Restricted
General
Designated
Funds
2023
2022
£
£
£
£
£
861
698
58
1,617
678
861
698
58
1,617
678
-
-
-
-
4,250
3,900
-
-
3,900
-
-
-
-
-
4,250
3,900
-
-
3,900
-
l
-
-
-
-
225
l
-
-
227
227
-
-
-
-
-
130
-
-
4,989
4,989
5,464
7,800
-
5,216
13,016
14,319
59,692
-
-
59,692
57,396
305
-
-
305
158
136
-
-
136
1,427
288
-
-
288
128
230
-
-
230
-
-
-
-
-
672
-
6
-
6
10,709
219
-
-
219
593
2,915
-
1,430
4,345
3,226
46
-
-
46
236
262
-
-
262
226
4,017
-
-
4,017
3,188
3,744
-
-
3,744
3,475
2,643
-
102,452
105,095
3,979
566
-
-
566
301
22
-
-
22
-
121
-
-
121
-
-
-
-
-
108
809
-
-
809
800
1,097
-
-
1,097
1,606
486
-
-
486
512
1,128
-
-
1,128
676
870
-
-
870
801
894
-
-
894
1,298
125
-
-
125
168
84
-
-
84
144
88,499
6
109,098
197,603
106,146
Unrestricted Funds
Total Funds

In 2022, charitable activities expenditure included £8,774 relating to restricted funds, £11,381 relating to designated funds, the balance related to general funds.

15

The Parochial Church Council of the Ecclesiastical Parish of

St Nicholas, Dunnington

Notes to the Financial Statement - 31 December 2023

(continued)

Restricted
General
Designated
Funds
£
£
£
3(c) Other trading activities
Magazine costs: Communications Officer (Magazine Editor)'s salary
-
-
3,414
Telephone
-
-
205
Printing, stationery and postage
-
-
9,551
Miscellaneous expenses
-
-
85
Church heat and light
-
-
120
Contribution to new office computer
-
-
261
Little People expenditure
-
-
181
-
-
13,817
In 2022, other trading activities expenditure all related to restricted funds.
Total
89,360
£
704
£
122,973
£
4(a) Staff Costs
Wages, salaries and honoraria
Unrestricted Funds
2023
2022
£
£
3,414
3,828
205
205
9,551
7,041
85
74
120
93
261
-
181
65
13,817
11,306
213,037
£
118,130
£
2023
2022
£
£
5,326
£
16,943
£
Total Funds

During the year the PCC employed a part-time Parish Secretary and paid an honorarium to the Church Organist. None of the salaries were large enough to attract social security costs. Together these individuals equate to less than one full time employee. The Parish Secretary is engaged under a formal contract of employment by the PCC as Parish Secretary and Parish Magazine Editor.

4(b) PCC members' (trustees') remuneration and related party transactions

No payments or expenses were paid to any PCC member (trustee) in their capacity as council members. Payments amounting to £801 for payroll processing services were made to HPH Accountants LLP, a limited liability partnership in which Mr R W Woolley is a consultant (from 01/07/21). No other payments were made to PCC members or persons closely connected to them or related parties.

During 2023, a total of £23,324 was donated to the PCC by PCC members (trustees). During 2022 £25,879 was donated to the PCC by PCC members (trustees).

16

The Parochial Church Council of the Ecclesiastical Parish of St Nicholas, Dunnington

Notes to the Financial Statement - 31 December 2023 (continued)

Expenditure (all funds) 2016 to 2023

----- Start of picture text -----
£250,000
2016 2017 2018 2019 2020 2021 2022 2023
Fund-raising £ 842 £ 384 £ 252 £ 890 £ 220 £ 224 £ 678 ###
Missions & Charities £ 7,830 £ 9,190 £ 10,198 £ 10,163 £ 9,947 £ 10,526 #### ###
£200,000
Diocesan Freewill Offering £ 48,600 £ 51,000 £ 52,275 £ 53,844 £ 55,188 £ 55,188 #### ###
Ministry Costs £ 5,242 £ 4,890 £ 3,618 £ 4,601 £ 4,097 £ 4,925 #### ###
Church Utilities & Insurance £ 9,095 £ 7,873 £ 7,625 £ 7,785 £ 6,471 £ 6,547 #### ###
Church Maintenance & Repairs £ 4,678 £ 3,665 £ 32,363 £ 13,154 £ 4,915 £ 3,623 #### ###
Salaries & Honoraria £ 3,550 £ 3,584 £ 3,398 £ 2,874 £ 13,809 £ 15,099 #### ###
Office & Administration £150,000 £ 4,445 £ 2,667 £ 2,102 £ 2,847 £ 2,885 £ 2,783 #### ###
Other expenditure £ 366 £ 313 £ 1,488 £ 1,617 £ 1,465 £ 168 £ 168 ###
Trading Costs (Grapevine) £ 12,076 £ 12,370 £ 16,848 £ 13,854 £ 9,535 £ 11,306 #### ###
96,724 95,936 130,167 111,629 108,532 110,389 #### ###
£100,000
£50,000
£-
2016 2017 2018 2019 2020 2021 2022 2023
Trading Costs (Grapevine) £12,076 £12,370 £16,848 £13,854 £9,535 £11,306 £11,306 £13,817
Other expenditure £366 £313 £1,488 £1,617 £1,465 £168 £168 £268
Office & Administration £4,445 £2,667 £2,102 £2,847 £2,885 £2,783 £3,431 £3,462
Salaries & Honoraria £3,550 £3,584 £3,398 £2,874 £13,809 £15,099 £13,115 £1,912
Church Maintenance & Repairs £4,678 £3,665 £32,363 £13,154 £4,915 £3,623 £4,280 £105,661
Church Utilities & Insurance £9,095 £7,873 £7,625 £7,785 £6,471 £6,547 £6,889 £8,023
Ministry Costs £5,242 £4,890 £3,618 £4,601 £4,097 £4,925 £6,440 £5,569
Diocesan Freewill Offering £48,600 £51,000 £52,275 £53,844 £55,188 £55,188 £57,396 £59,692
Missions & Charities £7,830 £9,190 £10,198 £10,163 £9,947 £10,526 £14,319 £13,016
Fund-raising £842 £384 £252 £890 £220 £224 £678 £1,617
Expenditure £
----- End of picture text -----

17

The Parochial Church Council of the Ecclesiastical Parish of St Nicholas, Dunnington

Notes to the Financial Statement - 31 December 2023 (continued)

5 Tangible fixed assets

5 Tangible fixed assets
Furniture & Church
Fixtures Equipment Total
Cost
At 1 January 2023
4,957 11,959 16,916
Additions during the year - - -
At 31 December 2023 £ 4,957 £ 11,959 £ 16,916
Depreciation
At 1 January 2023
Charge for the year
4,957
-
11,959
-
16,916
-
At 31 December 2023 £ 4,957 £ 11,959 £ 16,916
Book value
At 31 December 2023
£ - £ - £ -
At 31 December 2022 £ - £ - £ -
6 Investments
Market value at 1 January 2023
Addition during the year
Revaluation gain/(loss)
Dunnington
Church Estate
COIF Shares
£
38,313
£
-
3,580
James Twinam
COIF Shares
£
7,203
-
719
Total
£
45,516
-
4,299
Market value at 31 December 2023 41,893
£
7,922
£
49,815
£
2023
2022
£
£
7 Debtors
Tax recoverable
5,477
7,039
Prepayments and accrued interest
2,460
2,323
Other debtors
10,503
1,815
The holdings at 31 December 2023 consisted of: Dunnington Church Estate - 2,111 units in COIF Charities Investment Fund Income
Units, with an acquisition cost of £2,111; and James Twinam - 401 units in COIF Charities Investment Fund Income Units with an
acquisition value of £4,946. The market value at 31 December 2023 represented investments relating to the Restricted Funds:
£49,815 (2022, £45,516).
18,440
£
11,177
£
8 Creditors
Amounts falling due within one year
Accruals for utility and other costs
Other creditors
Included in debtors is an amount of £8,058 (2022, £119) relating to Restricted Funds.
2023
£
-
9,707
9,960
2022
£
-
9,591
9,084
.
19,667
£
18,675
£

Included in creditors is an amount of £7,934 (2022 £8,207) relating to Restricted Funds.

18

The Parochial Church Council of the Ecclesiastical Parish of

St Nicholas, Dunnington

Notes to the Financial Statement - 31 December 2023 (continued)

9 Non-Current Liabilities

Opening balance at 1 January 2023
Borrowed
Repaid
Interest charged
Closing balance
At 31 December 2023
At 31 December 2022
Interest-Free Loan
Diocese of York
Total
£
£
19,500
19,500
-
-
-
-
-
-
£ 19,500
£ 19,500
£ 19,500
£ 19,500

The closing balance of non-current liabilities at 31 December 2023 amounting to £19,500 (2022, £19,500) all related to Restricted Funds.

10 Designated Funds, Restricted Funds and Subsidiary Charities

The designated funds are represented by funds set aside by the PCC for designated purposes as detailed below.

Social Group Fund
Families Worker Fund
Balance
Transfers &
Balance
01/01/2023
Income
Expenditure
Gains/(Losses)
31/12/2023
258
1,682
(698)
(710)
532
10,309
444
(6)
-
10,747
10,567
£
2,126
£
704

710

11,279
£

The Social Group Fund represents funds raised from events organised by the Social Group.

The Families Worker Fund represents a legacy which has been designated by the PCC to fund the employment of a families worker.

The restricted funds are represented by funds raised and grants received for restricted purposes as detailed below.

Fabric Fund
Organ Fund
Clock Fund
Church Estate Fund
Children's Work Fund
Flower Fund
In Memoriam Fund
Parish Magazine Fund
Retiring and Dedicated Collections Fund
James Twinam Fund
Little People Fund
Balance
Transfers &
Balance
01/01/2023
Income
Expenditure
Gains/(Losses)
31/12/2023
75,573
41,993
(102,210)
710
16,066
6,085
203
(48)
-
6,240
-
-
(248)
248
-
38,313
-
-
3,580
41,893
323
-
(30)
-
293
8
464
(1,399)
927
-
418
-
-
-
418
2,877
10,269
(13,635)
489
-
-
4,989
(4,989)
-
-
7,202
227
(227)
719
7,921
348
188
(181)
-
355
131,147
£
58,333
£
£ (122,967)
£ 6,673
73,186
£

The Fabric Fund is utilised for the repair and maintenance of the fabric of the church buildings. The Fabric Fund forms part of the Church Estate Fund (see below).

The Organ Fund is utilised for the repair and maintenance of the church organ.

The Clock Fund is utilised for the repair and maintenance of the church clock. No resources were received during the year to meet the resources expended requiring a transfer from General Fund to cover the deficit arising.

The Church Estate Fund, which is a separate charity registered with the Charity Commission (number 250726) and registered as Church Estate, consists of an investment in COIF shares producing income from dividends for the benefit of the Fabric Fund.

The Children's Work Fund is utilised in promoting the work with children and young people in the parish.

The Flower Fund is utilised for the decoration of the church with floral arrangements for services and festivals. Many donations are received into the fund in memoriam of deceased loved ones.

The In Memoriam Fund receives specific donations in memory of deceased loved ones and is utilised in accordance with the specific wishes of the donor(s).

19

The Parochial Church Council of the Ecclesiastical Parish of St Nicholas, Dunnington

Notes to the Financial Statement - 31 December 2023 (continued)

10 Designated Funds, Restricted Funds and Subsidiary Charities (cont)

The Parish Magazine Fund represents the funds of the magazine committee which are being accounted for under the auspices of the PCC.

The Retiring and Dedicated Collections Fund represents retiring collections made at services, or other dedicated collections made, specifically for charitable and mission causes.

The James Twinam Fund relates to a trust set up in the 18th century for the benefit of the poor and needy in Dunnington and Holtby. The fund was split between the two communities and the PCC now administers the Dunnington fund.

The Little People Fund represents subscriptions and donations collected at the Little People baby and toddler group held weekly in the Tower Room.

There also exists a subsidiary charity registered at the Charity Commission known as the Charity of Dinah Richardson (number 249353). The objects of the charity are the distribution of bread at Holy Communion to the poor of the parish that attend divine service each Sunday when there is a sermon. The assets of this charity were subsumed into general church funds some years ago.

11 Analysis of net assets by fund

Tangible fixed assets
Investment fixed assets
Current assets
Creditors
Amounts falling due within one year
Amounts due to be paid beyond one year
General Funds
Designated
Funds
Restricted
Funds
Total 2023
£
£
£
£
-
-
-
-
-
-
49,815
49,815
35,337
11,279
50,805
97,421
(11,733)
-
(7,934)
(19,667)
-
-
(19,500)
(19,500)
£ 23,604
£ 11,279
£ 73,186
£ 108,069

12 Grapevine magazine trading profit (Grapevine Treasurer, Dave Safhill)

The Grapevine Magazine funds are further depleted this year. We cannot afford a continuing reduction of over

£2000 per annum.

The economic climate is still poor, but we do need to encourage more businesses to use our magazine if we can. There will be an opportunity for us to increase both the annual magazine subscription and our prices for advertisements from 1st September 2024, which may yield some slight improvement. The reducing numbers of advertisers is the key issue.

20

Dunnington Parochial Church Council Independent Examiners Report to the Members of the Council

I report to the members on my examination of the financial statements of Dunnington PCC for the year ended 31 December 2023

Responsibilities and basis of report

As members of the PCC, you are responsible for the preparation of the financial statements in accordance with the requirements of Charity Act 2011 (“the Act”)

I report in respect of my examination of the PCC’s financial statements carried out under section 145 of the 2011 Act and in carrying out my examination I have followed all the applicable Directions given by the Charity Commission under section 145 (5) (b) of the Act.

Independent examiner’s report

I have completed my examination. I can confirm that no material matters have come to my attention in connection with the examination giving me cause to believe that in any material respect:

  1. accounting records were not kept in respect of the PCC as required by section 130 of the Act; or

  2. the financial statements do not accord with those records; or

  3. the financial statements do not comply with the applicable requirements concerning the form and content of accounts set out in inn the Charities (Accounts and Reports) regulations 2008 other than any requirement that the accounts give a ”true and fair” view which is not a matter considered as part of an independent examination.

I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.

Brian Hopper Foxville, Garthends Lane Hemingbrough SELBY YO8 6QW

Dated 9th April 2024

21