REPORT FOR YE4R EKDIN DECEMBER 2023 CHIIRCH LOCATION: StreeL Needknmaty It6wlcl Sthlk in the Diocese of St EdMbry and Ipsth CORkESPONDENCE The Rthry David Sewell Ian Jeffteys Mr Philip Pttt Shirley Thom&s Davld Long Peter Groom Marg3retWllcoz Bernadette K Djnes April 2021 May 2022 May 2022 2023 AP 2023 Margaret Brown April 2021 Jean Annts May 2022 Helen Gthnbly Awil 2023 (mWd¢sep2021) cbad Ilmw Aprll 2023 PCC SECIiETARY C Loug appointed Se(Tetary. (non-voting PCC meth) May 2022 Mr Hugh S Wolley, MileSe HoLse. High Stte¢ Yoxfort Suffolk IP17 3EP The PCC (Powers) measu 1956 slates tbe Pcc-is to Co-operntr with tbe n]inister ill promotiDg in tbe pallsffj the whole misslon of the Cburcty pastordL ewallgelisllG s(la1 and eLeDical.. elect PCC members plus two Deanw Synod Repe1]tallves. The Treas and seffttary are non.voiiog Metubs. The PCC meets regularly to ovetsee fiD3llC4 prepardtion fOrw0bip and and as rewesentatives of the coJ]gregattoJ4 while strrig tbe IDcmnbett theiT work ill our ]Sb. The PCC is s• by the Standing CoLDn7i wbicb consists of the inannkn plus officers of the PCC ai]d between PCC ]neetings to i1 with smaller issuos and put together the iJutsal framewrt for laEer pTojects whicb to be disa by the whole PCC. The
(ganIst). aud the Chutcbwth. We have a va]i&l S• worship as well as WrI£SdaY nrnIng prayer tie. A Home Gro mollthly on a Monday. We a]so JThe a very active MotheES' Unio estab]ished St John's PaDtty, prnvldlrg provisiOLs for the I( co]llmuDity. Thts is well attende(L A Vlety of tssks from the leading of wotsbip and for setvices to flower an3llg alld continued at the local 14imary Sch(K)l and is hugely vallleL Qjr cJ]Thellt Sunday seTvice is streamed on line for those who are ullable to joia us ill Chutcb. As a PCC we were de]ighted to welcome our new ioctttobent Revd Tracey Jame4 who ]Hs made a priority of IkYomlDg a visible presellce in the The total nullber of pEY)ple reEkned &$ Fthg on the ElectoTrl Roll of our patsh was 67 at the AU ]nAlI 2023. The usual ztumber of atLdeeS at a Sunday Servi ts betsyeen 35 and 40 wlth around an additional 5 watcbing on ]Jne. Aspaidl prayer ts said at CommuDioll to include Prhnary Scbool. We held our annual Qib Servi Oll Cbri#Enas Eve and a Midrrigbt Ma& During the year ÈQ 31 DecembeT 2023 the followkng setvices were hel(L._ Mathes O Baptis8 5 17und Savthces In Cburcb 7 Graveskle FuneTrl O, ChChY In additlon we were fortu that Revd Alleell Motdms. one of our congregatIo.cO})ttll&l to offlcLite and thjs ts a great assetto u& We bave been Very grateful for au tbe sUPPOrtwe have time butwe nwaged to collt[e with Serv1 and fellOwSp in our church and It should be nood that the ttkn of our w0th]s famity provided at stjpportin our time of Fundraising in 2023 continued with major contiibthns comin8 from the Prodllce stalls, Historic Cburches Cycle Tid4 Lellt Soup Iullcbe4 christi Bazaar and Castletoll Brass Christmas ConceTL 2023 proved to be an interest(ng afyl exclting yeaT for St JobJLS as we Welcom our w xacumbenL We look forward to suptillg and working with her. as well as our involveiLieiitwith the Total re(EiPts on utffestricted funds totrlled £61,297 aod £56.121 Tryas spent provlding allistian mÈniW frota St Jobn the Baptist as detri]ed in the fu]allcial statemeDts. The largest ele[EIt prowdes the stipeuds & ho5]ng of tte dew and the cost ofmiDiSty. SUPW)rt &Illg. The sllm thattbe paEisIL&% in the deallery bave to Snd is sbared buween them according to a fo]rna based Jllaioty on the dergy elljoyed The net Eesult of income oveT eXtll[l[e on UllTestiictal fimds
The sti1CÈed fi]nds saw anetintlow of £10.646 &8 a result of grnts received but ullspent by tbe year end for re and ittwovetnent work the Church IIall (ARK).. The battce on tburch fthic, at the year end to ll0&70& RESERVE POUCY It ts PCC policy to a posilive balance on each of the 1(ted and fiD]ds. Ideally, the balance on the geal fund should be suffident to cover emergency sioNtions thatmay artse £rom lime to timo Sadly this bas notproved feable in reLEDt years alld this y&ir was ]1 sufficient to cover day to day extellditu indudiog our full Comnl[neDl to tbe diocesau parish share. Wlth sucb low +glly faijure Sn illcome levels to in line with infjathi or JOr non.routine wditi]re would leave PCC severety Stretcbed and inThqngly Itts our policy to invest our lollger terni firnds in an interest bearfn8 )llt with COIF Charity Slgnedon behoifof thelfc .. . Mr R Brown CIkwurer) CLong (VCC Se•)
I report on tbe a¢¢ounts for the year ended 31" Deceth 2023, }lCh are set out on pages I to 6. . Respective rnponsibi]itse* of the PCC and Independent EuDiner As trustees of the charity. the nmnbers of thc PCC are respole for the pryaration of the accounts. They ci)Dsider that an audit is not required for tbis y¢ar utth secti4)u 144(2) of the Ckntties Act 2011 (the 2011 Act) and tbat an ind•dent examin is ]¢(L It is my responsibility to examine tbe accoiirits Ulldcr sectton 145 of tbe 2011 ACL follow tbe procedures laid down in the celler Directions weal by the Charity Con)LniOnerS section 145(5Xb) of the 2011 Act and stth whetber particukr nmttcrn have come to my atttioL Basis of Independent Examine8 Ststsment My exarninoll was carried out in accordance witb the General Diredions given by the Charity COrorriO An exami0 includ&8 a review of tbe accouotlDg rec4)rds kept by the charity and a comparison of the acwunts presented with those cOrdS. It also in¢ludes 4X)nsideration of any Unus items or dis¢losures in the account4 8ttd seeknng explanations from the n)8nagement committee of my suclL matters. The procedures uodertth do not provide all the evldcnce that would be requizgl in a fijll di¢ and ¢onsequ¢ntly I do not expyess an audit opinion on the accoity. Independent Emin¢S Statement Jn ¢oDne¢tion withmy eXa[niO no matter h&8 come to my attentto l. wbich give me re8sonable cause to be]ieve tbat in any Mater1 re8pect the to keep accounting tt¢ords in aCraaDLy with s.130 of the 2011 Acl. not been rnet: or 2. to wbicty in my Opinio attention s]dd be drawn in order to ¢nablc a proEer Ila. LW A-c4- Fknk, IF173 Adthess
Parochlal ChurGh Councll of St John The Bapti¥L Noedham Market Statement of Flnan¢lal Actmtles For the yaar endlng 31 Decembar 2023 TOTAL FLINDS 2023 Funds Funds INCOMING RESOURCE8 Voluntsry Income for genaratlng fijnds Inm8 from Invastments Church 8cvFUes 2(a) 2(b) 2(c) 21d) 42.608 12.142 6,933 1.126 54.750 9.240 1.155 16.353 46,951 7,686 286 15,495 29 16.353 TOTAL INCOMING RESOURCE8 RESOURCES EXPENDED FunLr8lsing costs Churth actwtse8 3(8) 56,121 9,F 85,678 93,975 TOTAL RESOURCE8 &XPENDED 06.121 NET INCOMINGI{OLrrGOING) RESOURGES 5.176 10.640 15,822 -23,667 TRANSFER BEfwEEN UNRESTrICTED AND RESTRICTED FUNDS NEf MOVEMENT IN FUND8 5.176 10.648 15.822 -23,651 BALAACES BffiWD 1 JANUARY 115,549 139,108 BALANCES CIMD 31 DECEMBER 27.868 103.703 131.371 115.649 Tho not8s on pag 3 to 6 form part ofthl$ 8Ctount
Parochial Church Coun¢ll of St John The Baptlsl Needham Market Bdance Sheet at 31 Dgcember 2023 2021 FIXED ASSET Inv95knent 088et Cgntrdl Board or Finar CURREKf ASSETS D8btors 87T Shorttam7 depostt8 28,489 . 26.489 Cash at bank 8nd In hEnd 104.741 132 107 UABIUTIES AMOUNT8 FAWNG DUE VThIN ONE YEAR Other c¥edlioT¥ Ngf CURRENT AS8Er8 NEfA8SEf8 131371 FUNDS 27,868 RestrTGtad 103.703 93.057 131,371 R J Brown (Hon Tro8surer) AppFoved bythe P8Nxhlal CINrth CourKI on 14 Plarch 202$and slgwl cffl Its bghalf ty. DBLong The notss on pages 3 to 6 fomi part ofthese a[nts
Parochial Church Councll of St John The BapthL Needham Market Notss to th8 Financial Statements For tho yaar ending 31 Decembèr 2023 I AGCOUNTING POUCIES The financial statemerts have been pfypared in attordanc wEth Church A¢untIng Regulation5 2008 together wlth appfKable accLunling standards and the SORP 2005. The flnanGlal statements have been prepared under the historical cost convention, The fnanclal stat8ments Include all transactwJns, assets and Ilablltties for whlch the PCC is responsible In law. They do not Indude the accounts of church group$ that ow& thelr main fflliation lo another body, nor those that are Inforrat gatherings of church memb8rs. Funds Restricted Fundg represent donations or grants re(*lvad for a Sprnc objeGI or invtted by the PCC for a specffic cb]ect The funds may onty b8 8XFended on th6 speGlfi¢ object for which they were glven. Any balance rem8lning unspent at the end of each year must be carried fomard as a balan¢& on that fvnd. Th8 PCC does nol usually Invest separatsly for each fund. unre8trbrt Funds are general fvnds whlch bg for PCC ordinary purposes. In¢omlng rosources Planned givlng, ¢ollecUon3, donetsons and Interest are recJ)gnized when received. Tax refvnds are rB¢ognlz8d when the Incomlng resource to whlch they relate Is received. Grants and legaaes are aCUnted for when the PCC Is legally enutted to the amounts du6. AJI oth Income 15 rgnLzad vthen tt Is re[vable. Al incomlng r880urces are a(>xJunt8d for gros8. Resourcos expendod Grants and dOnaOn8 arè accounted for en pald over. The dloc&8an parfsh shar9 Is accounted for when due. Amounts ro¢elved SP8CTfically for mission arè dealt wtth as r8thcted funds. Al other endItre Is generally reccgnked when It Is iUrred and 1$ 8ccounted for gross. Flxed a889ts Consecrated and teneficed propety Is not Inc4uded tn the a(wunts a¢X0rdan th s.96121(al of the CharTUes Act 1993. Movable church ftJm13hlngs held by the Vlcar and Churchwardens on speclal twst for the PCC and whtch require a faculty foT dlsposal are inallen8ble propety, listed in the church's inventory, which can be inspected lat any reasonablè time). For Ina]ienable propety there Is Insufficient cost Information available and therefore such assets are not valued in th8 accounts. The Church Hall and Cotsge are in the custody of the Di¢)cesan Board of Finance, atthough managed by Needham Market Pawhkgj Church Council. Therefor8. they have not be6n valued as one of the PCC'S asspts in these 5tstements. Equipment used wtthin the church premlses or purchased for use by the PCC or its officers Is written off through the Statement of FiTJancial Activities in the year of purchase. Invèstments Irwestsnents are held in the ba sheet at valwation.
Parochlal Church Council of St John The BaFitisL Needham Market Notss to the Flnanclal Ststements For thè year endlng 31 Docember 2023 INCOMING RESOURCES Unrestt%ctsd Restricted Funds Funds TOTAL FUNDS 2023 2022 2(81 Voluntsryln¢ome Plarsned giving Gfft Ald dorsations Tax recoverable Parfsh Glvlng & Othgr Scheme8 Olh8r Collactlon8 8t semces Tax R0vebl8- GASDS Grant8 DoaOn8, appgals,etc GKt Ad dOnaon¥ Tax recovergbl$ othar L8gade8 21.783 810 203 22,573 5,689 760 1,665 2,313 129S 8,450 25,833 6,465 293 1,865 2.313 1,180 1.250 1,425 2,093 2,300 115 7.200 297 82 3,058 4.TT4 297 1,310 3.814 6,872 4,T14 4,088 42.608 2(bl Actlvlugs forgenerndng funds Fundvr818fng 2,307 6,933 9,240 7,8e8 8,933 2{G) Incomo fmm Inv•stments Intsre8t and Oth 29 1,155 2e6 2{dl Income fmm church actlvifies Church hall lettlng¥ Church hall conldbutlon tOWdrd9 sts Cott8ge rent Fees Refreshments 650 900 e,807 650 900 6,607 7,966 230 570 8,600 8,242 83 230 16,353 Total Incomlng resources 61,297 20,201 81,498 70.418
Parochial Church Councll of St John The Baptsl Needham Markel Notes to the FinanGial Statemonts Forthe year endlng 31 December 2023 RESOURCES EXPENDED Unrestr5ct8d Rastrtded Funds Funts TOTAL FUNDS 2023 2022 3(8) Church actMd8s mI10nry and charSt8ble gt¥ing Ov8rseas Kagera Fund DEC TurkeylSyr1a Earthquako Home The Children8 Scclety Rgllaf of Hardship in Porish St John'8 Panty RSPCA 1.030 300 1,030 2.135 3.681 3.881 80 5,256 2.817 6,256 5.259 Mlnl8ty. Diocooan par18h sharo other mintsty c08ts Church runnlng and maintsnance Church hall Tunning costs Church ¢)Xtsge runnlng Churth ¢)ffi¢ Chur¢h Byllding Quinquennl81 Repalrs Sundry other 47.0 512 47.000 512 9.852 2.308 47,LNJO 4.707 9,702 232 757 24,239 111 1,301 1,301 65,676 93,975 3(b) Fund-ra181ng costs Bazaar8 and other fund r218lng events TOTAL RESOURCE8 EXPENDED PAYMEiifs TO PCC MEMBERS Thore wer8 no thso4oBabh transsctton8 in rwct of PCC rnembws.
PaTochial Chur¢h Council of St John Thfj Paptsi Ne9dFn Market Notes tothe Finan¢lal 8tatem•nts Forth• y•arendlng 31 Do¢gmbw 2023 il DEBTORS Tax recoveble Pryymont8 inc•)mè 708 8 UABtLmE8 Dunts frdlltThJ tn orffj A¢mtaTs foruUItts. path 8h8re and 0th8rc4sis forQuInqwamrfel Repth npfetsd by end 5.C81 7 FUNDS Batonca at 31 Dec2023 Ilnr••trlctod Fund• Gene Fund Arf( Fu Churc* Cott880 FuThJ Fiow•r Fund L8gacy Fund 417 46.790 1434 2.S)8 126 6,518 14788 4.TrJ 211 61 C8PTEal FuTrJ Fabrtc Fund Organ Fuad S1 Collocon$ Fund Roof Rapalr gnd Churth Bulldtry F Chalr Fund Attar FTontsllChwth F• Fwxl Café Church FuRd R8ckn aThl CvraW8 Fund SiJohn¥ Panty Fu Ah Repatr Fund AJkCooK8r FU 47 184 1.810 417 41475 3.1 1QLI loo 75T 3.061 914 914 20201 8 ANALYSIS OF NET A8SEf8 BY FiIND lff4&strngnt FwlA5sets Ie[tA$Sets OJrreTrtLi8bifdte# 28.831 -1.163 103.276 132.107 Fund baFan 131 371