**Charity registration number 1185509**
## **ST ANNE'S PAROCHIAL CHURCH COUNCIL**
**(INCLUDING ST MARY'S)**
**ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023**
## **ST ANNE'S PAROCHIAL CHURCH COUNCIL (INCLUDING ST MARY'S) LEGAL AND ADMINISTRATIVE INFORMATION**
**Members of the council** As listed on the Members report **Charity number** 1185509 **Independent examiner** Knill James LLP One Bell Lane Lewes East Sussex BN7 1JU **Bankers** Barclays Bank Plc 149 Church Road Hove East Sussex BN3 2AE
**ST ANNE'S PAROCHIAL CHURCH COUNCIL (INCLUDING ST MARY'S) CONTENTS**
||**Page**|
|---|---|
|Council Members report|1 - 2|
|Independent examiner's report|3|
|Statement of financial activities|4|
|Balance sheet|5|
|Notes to the financial statements|6 - 16|
**ST ANNE'S PAROCHIAL CHURCH COUNCIL (INCLUDING ST MARY'S) COUNCIL MEMBERS REPORT**
## _**FOR THE YEAR ENDED 31 DECEMBER 2023**_
The council members present their annual report and financial statements for the year ended 31 December 2023.
The financial statements have been prepared in accordance with the accounting policies set out in note 1 to the financial statements and comply with the Church Accounting Regulations 2006, the Charities Act 2011 and "Accounting and Reporting by Charities: 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)" (effective 1 January 2019).
## **Objectives and activities**
The PCC is committed to enabling as many people as possible to worship at the church and to become part of our parish community at St Anne’s.
Then 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, scripture, music and sacrament.
When planning activities for the year, the Churchwardens and the PCC have considered the Charity Commission guidance on public benefit and, in particular, the specific guidance on charities for the advancement of religion.
In particular, the PCC aims to enable ordinary people to live out their faith as part of our parish community through:
- worship and prayer
- learning about the gospel
- developing their knowledge and trust in Jesus
- provision of pastoral care for people living in the parish
- missionary and outreach work
To facilitate this work it is important that the fabric of St Anne’s Church and that of St Mary’s Church Hall are both well maintained.
## **Achievements and performance**
The building works for the new extension were completed in the first half of the year and the church is gaining the benefit of the new toilet and enhanced kitchen facilities. New windows were installed in St Mary’s Church Hall and repairs were made to it’s water mains.
## **Financial review**
Unrestricted income for the year 2023 was £64,945 compared to £64,726 in 2022. Total unrestricted giving was £48,466 which was an increase of £2,949 on the previous year. The rent from letting St. Mary’s was £5,586, a decrease of £294 on the previous year. Unrestricted Gift Aid recoverable was £8,948, an increase of £196 compared to the previous year.
The restricted income for the year 2023 of £14,242, increased by £3,454. Income to the Music fund of £5,846 decreased from the previous year by £593.
Income from investments and interest-bearing accounts of £12,025, included in both the unrestricted and restricted funds, increased by £4,315 compared to the previous year.
Expenditure in the unrestricted fund for the year 2023 was £215,942. Expenditure for the Fabric fund for the year was £8,137. Within the two funds the cost of the Extension works was £100,277.
The St. Mary’s costs were £37,807 compared to £9,007 in the previous year. Costs of £27,918 were incurred for the completion of the renovation of the windows (added to the initial cost of £4,282 which was incurred in 2022). Expenditure for the Music fund was £3,312. The fund therefore showed a profit for the year of £2,534.
The result of the above-mentioned figures is that expenditure has exceeded income in 2023 by £148,204. These figures are before the inclusion of the revaluation of the investments. Their valuation as at 31st December 2023 has resulted in an increase of £18,529 compared to a decrease of £26,249 in 2022. The net result of all the above is that total funds as at 31st December 2023 are £389,385, a decrease of £129,675 compared to the previous year.
- 1 -
ST ANNE'S PAROCHIAL CHURCH COUNCIL
(INCLUDING ST MARYS)
COUNCIL MEMBERS REPORT (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2023
ResaNes policy
The weekty unrostricted eXPdityre amounted lo £2.230 in 2023 compared lo £1,709 in 2022. This caknlation
exdudes the £lOO,000 th8twa5 taken from general funds for th¢ Exiension works.
Resgrves policy
It 15 PCC policy (rf pos¥iblg) to molntaln a balarw of unrestric*ed fiJnds whtch equates lo approximately six months
unroslricted paymorrts to Ver emergency situations that may arise from tsm¢ to tim6. For 2023 thi8 19 £57,971
{8gain. exduding the £100,000 mer.Oned above). Tho G•ra1 Fund in n¢)t• 12 of £98,141 in¢ludo$ fix•d ass8ts of
£2,004 together Wrth debtors and c¥¢dstors of £6.383 and1£4.3401, respectively. Taking these figu3 out kave$ an
amount of £94,094 of unrestii¢ted fiJnd5 whic* more than matches the tafget at the yearn.
Structurni gO¥•man and ma98M•t
The parochial thurch ¢ounryl is a c*arty which is registered with the Charity Commisstcffl under the name 'The
Parochial Church Councal ofthe Ecde8iasli¢al Paish of St Anne Le4V6S' Charity number 1185509.
The trustees who served during the year and up to thè of $ign*uro ofthe finanual $t*•m¥nts w•r•:
R8(#or.
The Rwd N Brovm
ITgrn1 of Offi¢• ends May 2024}
K4r R Cock8
G Scott
A&soLyat8 Vioar..
Tho Revd Canon J Egar
(Torn1 of Offi¢• •nds May 20251
D Rogers
IAr J Stevens
Mrs J Prtce
R88der
Mr P Shears
Wardens..
Mf A Pri (elec*ed April 20231
Dr M-R Shears (elected April 2023)
ITWM of Offic• *nd$ Mgy 20261
Mr S Kirkwood
Mfs E Tfott
Roprosent81?v8s on tha Daan8ry Syii(xl.'
Mr P Shears
Mrs E Trott Iresigngd April 2023)
Coryoptsd by th• PCC:
MrsAHodge
Mi88 J Brown
Mi83 J Money (April 2023, resigned June 2023)
Elected M6mb6rn.'
Dr I Carter (temi of Offi explred Aprll 2023)
Secretary to the PCC:
MTS J Price
The counal members r8PQrt was approved by the Board of co()[ Membw¥.
On behalf of tho membor¥ of thg Councll
Date..
l.y.l.2.0z..y......
**ST ANNE'S PAROCHIAL CHURCH COUNCIL (INCLUDING ST MARY'S) INDEPENDENT EXAMINER'S REPORT TO THE COUNCIL MEMBERS OF ST ANNE'S PAROCHIAL CHURCH COUNCIL**
I report to the council members on my examination of the financial statements of St Anne's Parochial Church Council (the charity) for the year ended 31 December 2023.
## **Responsibilities and basis of report**
As the council members of the charity you are responsible for the preparation of the financial statements in accordance with the requirements of the Charities Act 2011 (the 2011 Act).
I report in respect of my examination of the charity’s financial statements carried out under section 145 of the 2011 Act. In carrying out my examination I have followed all the applicable Directions given by the Charity Commission under section 145(5)(b) of the 2011 Act.
## **Independent examiner's statement**
Your attention is drawn to the fact that the charity has prepared financial statements in accordance with Accounting and Reporting by Charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) in preference to the Accounting and Reporting by Charities: Statement of Recommended Practice issued on 1 April 2005 which is referred to in the extant regulations but has now been withdrawn.
I understand that this has been done in order for financial statements to provide a true and fair view in accordance with Generally Accepted Accounting Practice effective for reporting periods beginning on or after 1 January 2015.
I have completed my examination. I confirm that no 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 charity as required by section 130 of the 2011 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 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 financial statements to be reached.
## **David W Martin FCA**
Knill James LLP
One Bell Lane Lewes East Sussex BN7 1JU
Dated: 7 June 2024
- 3 -
## **ST ANNE'S PAROCHIAL CHURCH COUNCIL (INCLUDING ST MARY'S) STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT**
## _**FOR THE YEAR ENDED 31 DECEMBER 2023**_
|||**Unrestricted**|**Restricted**|**Restricted**|**Total**|**Total**|
|---|---|---|---|---|---|---|
|||**funds**|**funds**|**funds**|||
||||**music**|**general**|||
|||**2023**|**2023**|**2023**|**2023**|**2022**|
||**Notes**|**£**|**£**|**£**|**£**|**£**|
|**Income from:**|||||||
|Donations and legacies|**2**|48,466|662|3,812|52,940|48,559|
|Charitable activities|**3**|8,785|5,184|253|14,222|19,245|
|Investments|**4**|7,694|-|4,331|12,025|7,710|
|**Total income**||64,945|5,846|8,396|79,187|75,514|
|**Expenditure on:**|||||||
|Charitable activities|**5**|178,135|-|8,137|186,272|225,489|
|Other trading activities||37,807|3,312|-|41,119|12,591|
|**Total expenditure**||215,942|3,312|8,137|227,391|238,080|
|Net gains/(losses) on|||||||
|investments|**9**|18,474|-|55|18,529|(26,249)|
|**Net income/(expenditure) and**|||||||
|**movement in funds**||(132,523)|2,534|314|(129,675)|(188,815)|
|**Reconciliation of funds:**|||||||
|Fund balances at 1 January 2023||450,472|15,974|52,614|519,060|707,875|
|**Fund balances at 31 December**|||||||
|**2023**||317,949|18,508|52,928|389,385|519,060|
The statement of financial activities includes all gains and losses recognised in the year. All income and expenditure derive from continuing activities.
- 4 -
ST ANNE'S PAROCHIAL CHURCH COUNCIL
(INCLUDING ST MARY'S)
BALANCE SHEET
AS AT 31 DECEMBER 2023
2023
2022
Fixed assets
Tangible assets
Investments
11
12
2,004
215.807
3,399
197,278
217,811
200,677
Current assets
Debtors
Cash at bank and in hand
13
6.383
169,531
5,632
317.631
175,914
323.263
Crlt01$.. amounts falling due within
one year
14
4,340
4,880
Net current assets
171.574
318,383
Total assets less current liabllltles
389,385
519,060
The funds ofthe charity
Restricted income funds- general
Restricted income funds- music
Unrestricted funds
15
16
52,928
18.508
317.949
52,614
75.974
450,472
389,385
519,060
The financial statements were approved by the PCC on
..and signed on its behalf by-.
The Revd Ben Brown
£14
PCC Chairnian
**ST ANNE'S PAROCHIAL CHURCH COUNCIL (INCLUDING ST MARY'S) NOTES TO THE FINANCIAL STATEMENTS** _**FOR THE YEAR ENDED 31 DECEMBER 2023**_
## **1 Accounting policies**
## **Charity information**
St Anne's Parochial Church Council is committed to enabling as many people as possible to worship at the church and to become part of our parish community at St Anne's.
## **1.1 Accounting convention**
The financial statements have been prepared in accordance with the charity's governing document, the Charities Act 2011, FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the Charities SORP "Accounting and Reporting by Charities: 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)" (effective 1 January 2019). The charity is a Public Benefit Entity as defined by FRS 102.
The charity has taken advantage of the provisions in the SORP for charities not to prepare a Statement of Cash Flows.
The financial statements 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 Statement of Recommended Practice for charities applying FRS 102 rather than the version of the Statement of Recommended Practice which is referred to in the Regulations but which has since been withdrawn.
The financial statements are prepared in sterling, which is the functional currency of the charity. Monetary amounts in these financial statements are rounded to the nearest £.
The financial statements have been prepared under the historical cost convention. 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 affiliation to another body, nor those which are informal gatherings of church members.
## **1.2 Going concern**
At the time of approving the financial statements, the council members have a reasonable expectation that the charity has adequate resources to continue in operational existence for the foreseeable future. Thus the council members continue to adopt the going concern basis of accounting in preparing the financial statements.
## **1.3 Charitable funds**
**Unrestricted funds** - general funds which can be used for PCC ordinary purposes.
**Designated funds** - monies set aside by the PCC out of unrestricted funds for specific future purposes or projects.
**Restricted funds** - a) income from trusts or endowments which may be expended only on those restricted objects provided in the terms of the trust or bequest; b) donations or grants received for a specific object or invited by the PCC for a specific object. The funds may only be expended on the specific object for which they were given. Any balance remaing unspent at the end of the year is carried forward as a balance on that fund.
## **1.4 Income**
All income and endowments are accounted for without deduction for any costs of receivability, are recognised when there is evidence of entitlement, receipt is probable, and the amount can be measured reliably.
- 6 -
**ST ANNE'S PAROCHIAL CHURCH COUNCIL (INCLUDING ST MARY'S) NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)** _**FOR THE YEAR ENDED 31 DECEMBER 2023**_
## **1 Accounting policies**
## **(Continued)**
## **Donations and legacies**
_**Collections**_ are recognised when received.
_**Planned giving**_ receivable is recognised when there is evidence of entitlement, receipt is probable, and the amount accords with the Gift Aid declaration or other record of intention to donate.
_**Gift aid recovered**_ is recognised when the income to which it is attached is recognised.
_**Grants and legacies**_ are recognised when the formal offer in writing of the funding, is received by the PCC.
## **Charitable activities**
_**Sales of magazines**_ and study notes are recognised when received.
_**Rents from property**_ are recognised in accordance with the rental agreements, when receipt is probable.
## **Other trading activities**
Trading activities are where income is receivable in return for selling goods or providing services. Income from trading is recognised either: a - when received, or b - in the case of concerts, at the date of the event. Advance bookings are included in creditors until the concert has taken place.
## **Investment income**
Dividends are accounted for when due and payable. Interest entitlements are accounted for as they accrue.
## **All other income**
All other income is recognised in accordance with the above overall policy.
## **Gains and losses on investments**
Realised gains are recognised when the investments are sold. Unrealised gains and losses are accounted for on revaluation at 31 December.
## **1.5 Expenditure**
Expenditure is accounted for on an accruals basis and accounted for gross.
## **Grants**
Grants and donations are accounted for when paid over, or when awarded where the award creates a binding obligation on the PCC.
## **Church Activities**
The diocesan parish contribution is accounted for on an annual basis, reflecting the allocation set by our Deanery. Any parish contribution unpaid at 31 December is provided for in these accounts as an operational (though not a legal) liability and is shown as a creditor in the balance sheet.
- 7 -
**ST ANNE'S PAROCHIAL CHURCH COUNCIL (INCLUDING ST MARY'S) NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)** _**FOR THE YEAR ENDED 31 DECEMBER 2023**_
## **1 Accounting policies**
**(Continued)**
## **1.6 Tangible fixed assets**
Consecrated and beneficed property of any kind is excluded from the accounts by s.10(2) of the Charities Act 2011.
Movable church furnishing held by the Vicar and Churchwardens on special trust for the PCC and which require a faculty for disposal, are accounted as inalienable property unless consecrated. They are listed in the church's inventory which can be inspected but are not included in the financial statements. For other property acquired where there is insufficient cost information available, the cost of such assets are not stated in the financial statements.
All expenditure on consecrated or beneficed buildings and individual items costing under £1,000 are written off in the year they were incurred.
Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:
Fixtures and fittings
10% straight line
The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is recognised in the statement of financial activities.
## **1.7 Fixed asset investments**
Investments are initially recognised at fair value which is normally the transaction price excluding transaction costs. Subsequently they are measured at fair value with changes recognised in 'net gains / (losses) on investments' in the SOFA of the shares are publicly traded or their fair value can otherwise be measured reliably.
## **1.8 Impairment of fixed assets**
Assets not measured at fair value are reviewed for any indication that the asset may be impaired at each balance sheet date.
If there are indicators of impairment, the recoverable amount is estimated and compared to the carrying amount. Where the carrying amount exceeds it recoverable amount, an impairment loss is recognised in expenditure through the statement of financial activities.
## **1.9 Cash and cash equivalents**
Cash and cash equivalents include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.
## **1.10 Financial instruments**
The charity has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.
Financial instruments are recognised in the charity's balance sheet when the charity becomes party to the contractual provisions of the instrument.
Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.
- 8 -
**ST ANNE'S PAROCHIAL CHURCH COUNCIL (INCLUDING ST MARY'S) NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)** _**FOR THE YEAR ENDED 31 DECEMBER 2023**_
## **1 Accounting policies**
## **(Continued)**
## _**Basic financial assets**_
Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.
## _**Basic financial liabilities**_
Basic financial liabilities, including creditors and bank loans are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.
Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.
Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of operations from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.
## _**Derecognition of financial liabilities**_
Financial liabilities are derecognised when the charity’s contractual obligations expire or are discharged or cancelled.
- **1.11 Judgements and key sources of estimation uncertainty**
In the application of the charity's accounting policies, management are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.
## _**Depreciation**_
Tangible fixed assets are depreciated over their useful lives taking into account residual values where appropriate. The actual lives of the assets and residual values are assessed annually and may vary depending on a number of factors. In re-assessing the assets lives, factors such as technological innovation, product life cycles and maintenance programmes are taken into account. Residual values consider such things as future market conditions, the remaining life of the asset and projected disposal values.
## **2 Income from donations and legacies**
||**Unrestricted**|**Restricted**|**Restricted**|**Total**|**Total**|
|---|---|---|---|---|---|
||**funds**|**funds**|**funds**|||
|||**music**|**general**|||
||**2023**|**2023**|**2023**|**2023**|**2022**|
||**£**|**£**|**£**|**£**|**£**|
|Donations and gifts|48,466|662|3,812|52,940|48,559|
- 9 -
## **ST ANNE'S PAROCHIAL CHURCH COUNCIL (INCLUDING ST MARY'S) NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)** _**FOR THE YEAR ENDED 31 DECEMBER 2023**_
|**2**
**Income from donations and legacies**
**Unrestricted**
**Restricted**
**Restricted**
**funds**
**funds**
**funds**
**music**
**general**
**2023**
**2023**
**2023**
**£**
**£**
**£**
**Donations and gifts**
Planned giving (excl. tax
refunds)
30,716
-
-
Planned giving (no tax refunds)
1,488
-
-
Loose cash collection
7,314
-
-
Donations/ appeals
-
-
3,219
Gift aid recoverable
8,948
662
593
48,466
662
3,812
**3**
**Income from charitable activities**
**Unrestricted**
**Restricted**
**Restricted**
**funds**
**funds**
**funds**
**music**
**general**
**2023**
**2023**
**2023**
**£**
**£**
**£**
**Income from charitable activities**
Rent from letting of St Mary's
5,586
-
-
Fund Raising
-
-
253
Fees for weddings & funerals
3,169
-
-
Fund raising
30
5,184
-
8,785
5,184
253
**4**
**Income from investments**|**Total**
**Total**
**2023**
**2022**
**£**
**£**
**(Continued)**
30,716
29,577
1,488
5,339
7,314
3,967
3,219
-
10,203
9,676
52,940
48,559
**Total**
**Total**
**2023**
**2022**
**£**
**£**
5,586
13,084
253
185
3,169
5,976
5,214
-
14,222
19,245|**Total**
**Total**
**2023**
**2022**
**£**
**£**
**(Continued)**
30,716
29,577
1,488
5,339
7,314
3,967
3,219
-
10,203
9,676
52,940
48,559
**Total**
**Total**
**2023**
**2022**
**£**
**£**
5,586
13,084
253
185
3,169
5,976
5,214
-
14,222
19,245|
|---|---|---|
|||48,559|
|||**Total**
**2022**
**£**
13,084
185
5,976
-|
|||19,245|
||||
||**Unrestricted**|**Restricted**|**Total**|**Total**|
|---|---|---|---|---|
||**funds**|**funds**|||
||**2023**|**2023**|**2023**|**2022**|
||**£**|**£**|**£**|**£**|
|Income from unlisted investments|7,694|4,331|12,025|7,710|
- 10 -
**ST ANNE'S PAROCHIAL CHURCH COUNCIL (INCLUDING ST MARY'S) NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)** _**FOR THE YEAR ENDED 31 DECEMBER 2023**_
## **5 Expenditure on charitable activities**
|**Unrestricted**
**fund**
**Restricted**
**fund**
**Music fund**
**2023**
**2023**
**2023**
**£**
**£**
**£**
**Direct costs**
Missionary and charitable giving
1,075
-
-
Ministry - diocesan parish contribution
44,904
-
-
Ministry - other clergy costs
4,178
-
-
Staff (services & weddings/funerals)
2,280
-
-
Upkeep of services
710
-
-
Church running costs
12,185
-
-
Church maintenance and repair
104,773
8,137
-
Upkeep of churchyard
3,574
-
-
Printing & stationery
1,165
-
-
Church hall running costs
37,807
-
-
Fund raising costs
-
-
3,312
212,651
8,137
3,312
**Share of support and governance costs (see note 6)**
Support
1,851
-
-
Governance
1,440
-
-
215,942
8,137
3,312
**Analysis by fund**
Unrestricted funds
215,942
-
-
Restricted funds - music
3,312
-
-
Restricted funds - general
8,137
-
-
227,391
-
-|**Total**
**2023**
**£**
1,075
44,904
4,178
2,280
710
12,185
112,910
3,574
1,165
37,807
3,312
224,100
1,851
1,440
227,391
215,942
3,312
8,137
227,391|**Total**
**2022**
**£**
2,760
43,030
5,053
2,320
793
11,849
150,031
3,459
1,182
9,007
3,584|
|---|---|---|
|||233,068
3,506
1,506|
|||238,080|
|||188,866
3,584
45,630|
|||238,080|
## **6 Support costs allocated to activities**
|Bank charges
Depreciation
Governance costs
**Analysed between:**
Unrestricted fund|**2023**
**£**
457
1,394
1,440
3,291
3,291|**2022**
**£**
501
3,005
1,506|
|---|---|---|
|||5,012|
|||5,012|
- 11 -
**ST ANNE'S PAROCHIAL CHURCH COUNCIL (INCLUDING ST MARY'S) NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)** _**FOR THE YEAR ENDED 31 DECEMBER 2023**_
## **7 Council Members**
None of the council members (or any persons connected with them) received any remuneration during the year, but 8 of them were reimbursed a total of £1,741 in respect of costs incurred on behalf of the PCC. (2022 - 8 were reimbursed £2,120).
## **8 Employees**
The average monthly number of employees during the year was:
||**2023**|**2022**|
|---|---|---|
||**Number**|**Number**|
|Total|-|-|
During the year the PCC employed an organist on a part time basis for a total of £2,280 (2022 - £2,320)
There were no employees whose annual remuneration was more than £60,000.
## **9 Gains and losses on investments**
||**Unrestricted**|**Restricted**|**Total**|**Total**|
|---|---|---|---|---|
||**funds**|**funds**|||
||**2023**|**2023**|**2023**|**2022**|
|Gains/(losses) arising on:|**£**|**£**|**£**|**£**|
|Revaluation of investments|18,474|55|18,529|(26,249)|
## **10 Taxation**
The charity is exempt from taxation on its activities because all its income is applied for charitable purposes.
- 12 -
**ST ANNE'S PAROCHIAL CHURCH COUNCIL (INCLUDING ST MARY'S) NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)** _**FOR THE YEAR ENDED 31 DECEMBER 2023**_
|**11**|**Tangible fixed assets**|||
|---|---|---|---|
||||**Fixtures and**|
||||**fittings**|
||||**£**|
||**Cost**|||
||At 1 January 2023||37,411|
||At 31 December 2023||37,411|
||**Depreciation and impairment**|||
||At 1 January 2023||34,012|
||Depreciation charged in the year||1,395|
||At 31 December 2023||35,407|
||**Carrying amount**|||
||At 31 December 2023||2,004|
||At 31 December 2022||3,399|
|**12**|**Fixed asset investments**|||
||||**Unlisted**|
||||**investments**|
||||**£**|
||**Cost or valuation**|||
||At 1 January 2023||197,278|
||Valuation changes||18,529|
||At 31 December 2023||215,807|
||**Carrying amount**|||
||At 31 December 2023||215,807|
||At 31 December 2022||197,278|
|**13**|**Debtors**|||
|||**2023**|**2022**|
||**Amounts falling due within one year:**|**£**|**£**|
||Trade debtors|6,383|5,632|
- 13 -
**ST ANNE'S PAROCHIAL CHURCH COUNCIL (INCLUDING ST MARY'S) NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)**
## _**FOR THE YEAR ENDED 31 DECEMBER 2023**_
## **14 Creditors: amounts falling due within one year**
|**Creditors: amounts falling due within one year**|||
|---|---|---|
||**2023**|**2022**|
||**£**|**£**|
|Trade creditors|4,340|4,880|
## **15 Restricted funds**
The restricted funds of the charity comprise the unexpended balances of donations and grants held on trust subject to specific conditions by donors as to how they may be used.
||**At**|**1 January**|**Incoming**|**Resources**|**Gains and**|**Gains and**|**At 31**|
|---|---|---|---|---|---|---|---|
|||**2023**|**resources**|**expended**||**losses**|**December**|
||||||||**2023**|
|||**£**|**£**|**£**||**£**|**£**|
|Friends of St Anne's Fabric fund||51,699|8,396|(8,137)||-|51,958|
|Chancel Trust||915|-|-||55|970|
|||52,614|8,396|(8,137)||55|52,928|
|**Previous year:**|**At**|**1 January**|**Incoming**|**Resources**|**Gains and**||**At 31**|
|||**2022**|**resources**|**expended**||**losses**|**December**|
||||||||**2022**|
|||**£**|**£**|**£**||**£**|**£**|
|Friends of St Anne's Fabric fund||92,980|4,349|(45,630)||-|51,699|
|Chancel Trust||965|-|-||(50)|915|
|||93,945|4,349|(45,630)||(50)|52,614|
## **16 Restricted funds - music**
These are restricted funds which are material to the charity's activities.
||**At 1 January**|**Incoming**|**Resources**|**At 31**|
|---|---|---|---|---|
||**2023**|**resources**|**expended**|**December**|
|||||**2023**|
||**£**|**£**|**£**|**£**|
|Music fund|15,974|5,846|(3,312)|18,508|
|**Previous year:**|**At 1 January**|**Incoming**|**Resources**|**At 31**|
||**2022**|**resources**|**expended**|**December**|
|||||**2022**|
||**£**|**£**|**£**|**£**|
|Music Fund|13,119|6,439|(3,584)|15,974|
- 14 -
**ST ANNE'S PAROCHIAL CHURCH COUNCIL (INCLUDING ST MARY'S) NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)** _**FOR THE YEAR ENDED 31 DECEMBER 2023**_
## **17 Unrestricted funds**
The unrestricted funds of the charity comprise the unexpended balances of donations and grants which are not subject to specific conditions by donors and grantors as to how they may be used. These include designated funds which have been set aside out of unrestricted funds by the trustees for specific purposes.
|**At 1**
General fund
Incumbent's discrentionary fund
Church Hall (designated)
Clergy House (designated)
Church Tower Room
(designated)
**Previous year:**
**At 1**
General fund
Incumbent's discrentionary fund
Church Hall (designated)
Clergy House (designated)
Church Tower Room
(designated)
General funds|**January**
**2023**
**Incoming**
**resources**
**Resources**
**expended**
**Gains and**
**losses**
**At 31**
**December**
**2023**
**£**
**£**
**£**
**£**
**£**
249,248
64,115
(215,222)
-
98,141
4,861
830
(720)
-
4,971
63,929
-
-
6,014
69,943
111,773
-
-
10,516
122,289
20,661
-
-
1,944
22,605
450,472
64,945
(215,942)
18,474
317,949
**January**
**2022**
**Incoming**
**resources**
**Resources**
**expended**
**Gains and**
**losses**
**At 31**
**December**
**2022**
**£**
**£**
**£**
**£**
**£**
373,195
61,975
(185,922)
-
249,248
5,054
2,751
(2,944)
-
4,861
72,458
-
-
8,529
80,987
126,686
-
-
14,913
141,599
23,418
-
-
2,757
26,175
-
-
-
(52,398)
(52,398)
600,811
64,726
(188,866)
(26,199)
450,472|
|---|---|
The Church Halland Clergy House designated funds represent the proceeds from the sale of properties in previous years. The funds are invested with the CBF.
In previous years, funds were raised for the provision of a Church Tower room. These were recorded as restricted funds. Following subsequent improvements to the church, there was no longer a requirement for a Church Tower room and the PCC, having obtained permission from the surviving donors and Church House, agreed to reclassify these funds as unrestricted funds. The designated funds are held by the PCC to finance routine future maintenance costs to the extent that these cannot be met by unrestricted donations.
The restricted fabric fund was the result of a bequest by Mr King-Smith, to which the Church Roof + Tower fund was added in 2008 to maintain and improve the fabric of the church. The funds are invested with the CBF. The Chancel Trust fund exists as a result of a bequest in previous years to maintain the Chancel. The fund is invested with the CBF. Funds have been received during the year explicitly requested to be used at the discretion of the incumbent.
- 15 -
**ST ANNE'S PAROCHIAL CHURCH COUNCIL (INCLUDING ST MARY'S) NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)**
## _**FOR THE YEAR ENDED 31 DECEMBER 2023**_
## **18 Analysis of net assets between funds**
|**Unrestricted**
**Restricted**
**Restricted**
**funds**
**funds**
**funds**
**music**
**general**
**2023**
**2023**
**2023**
**£**
**£**
**£**
**Fund balances at 31 December 2023 are represented by:**
Tangible assets
2,004
-
-
Investments
214,837
-
970
Current assets/(liabilities)
101,108
18,508
51,958
317,949
18,508
52,928
**Unrestricted**
**Restricted**
**Restricted**
**funds**
**funds**
**funds**
**music**
**general**
**2022**
**2022**
**2022**
**£**
**£**
**£**
**Fund balances at 31 December 2022 are represented by:**
Tangible assets
3,399
-
-
Investments
196,363
-
915
Current assets/(liabilities)
250,710
15,974
51,699
450,472
15,974
52,614|**Total**
**2023**
**£**
2,004
215,807
171,574|
|---|---|
||389,385|
||**Total**
**2022**
**£**
3,399
197,278
318,383|
||519,060|
## **19 Related party transactions**
There were no disclosable related party transactions during the year (2022 - none).
- 16 -