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2023-12-31-accounts

Charity number: 1186695

THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF ST JOHN WITH HOLY TRINITY

UNAUDITED

TRUSTEES' REPORT AND FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2023

THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF ST JOHN WITH HOLY TRINITY

CONTENTS
Page
Reference and administrative details of the charity, its trustees and advisers 1
Trustees' report 2 - 6
Independent examiner's report 7 - 8
Statement of financial activities 9
Balance sheet 10
Notes to the financial statements 11 - 19

THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF ST JOHN WITH HOLY TRINITY

REFERENCE AND ADMINISTRATIVE DETAILS OF THE CHARITY, ITS TRUSTEES AND ADVISERS FOR THE YEAR ENDED 31 DECEMBER 2023

Trustees

Rev Chris Hanning, Incumbent Rev Abigail A Adetayo Rev Pat Soer Mr Daniel Addo, Church Warden Ms Busola Ade-Ojo, Church Warden Ms Aileen Drew (resigned 1 May 2023) Ms Angela Kulendran (appointed 1 May 2023) Ms Joan Asombang Ms Jennifer Gilkes Ms Christiana Amadi (resigned 1 March 2023) Mr James Baudains Mr Richard Houlihan Ms Roseline O Okiti (resigned 1 May 2023) Ms Sola A Ogun Ms Sue Chapman Mr Christian Okoh Mr Steven Williams Ms Shirley Brown (appointed 1 May 2023) Dr Debo Longe (appointed 1 May 2023)

Charity registered number

1186695

Principal office

St John's Church, St John's Vale, London, SE8 4EA

Treasurer

Ms S Coudjoe, Non PCC Member

Independent Examiner

P M Landergan FCA, 26 Burney Street, London, SE10 8EX

Page 1

THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF ST JOHN WITH HOLY TRINITY

TRUSTEES' REPORT FOR THE YEAR ENDED 31 DECEMBER 2023

The Trustees present their annual report together with the financial statements of the charity for the 1 January 2023 to 31 December 2023.

Objectives and Activities

a. POLICIES AND OBJECTIVES

The PCC’s charitable objects (‘Promoting in the ecclesiastical parish the whole mission of the Church’) are primarily focused on the advancement of religion, which is recognised as a charitable purpose having public benefit. All regular public worship is provided free of charge and open to all. In addition, the PCC’s activities as listed above have further public benefits; for example, teaching and taking assemblies offer advancement of education which is recognised as a charitable purpose having public benefit. Donations to other charities and our own projects provide public benefits in the relief of poverty and need, whether within or outside the ecclesiastical parish, often for minority groups with particular needs such as the elderly.

b. ACTIVITIES FOR ACHIEVING OBJECTIVES

When planning our activities for the year, we have considered the Charity Commission's guidance on public benefit and, in particular, the supplementary guidance on charities for the advancement of religion. In particular, we enable ordinary people to live out their faith as part of our parish community through:

To facilitate this work, it is important that we maintain the fabric of the church building.

We promote the church’s mission to the whole parish as well as the worshipping community. Activities in 2023 included:

c. MAIN ACTIVITIES UNDERTAKEN TO FURTHER THE CHARITY'S PURPOSES FOR PUBLIC BENEFIT

Additional activities have also been carried out with a specific view to benefiting the public:

Page 2

THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF ST JOHN WITH HOLY TRINITY

TRUSTEES' REPORT (continued) FOR THE YEAR ENDED 31 DECEMBER 2023

Achievements and performance

a. KEY FINANCIAL PERFORMANCE INDICATORS

The PCC operates as a registered charity and whilst its objectives are not focused as such, the financial health remains paramount in its ability to carry out activities and meet its objectives. Our key performance indicators are comprised of the following:

b. REVIEW OF ACTIVITIES

Religious worship

Sunday morning worship at 10:30am has run faithfully throughout the year, in person and with online recordings.

Baptisms (1), and weddings (1) have been limited. There were 5 funerals.

A weekly service at the Holy Trinity Centre continues at 6.30pm on Sundays.

Pastoral Care

Our ministry has continued by telephone calls, use of modern technology, practical help where possible focussing on three groups of people:

Those living alone who no longer had family and friends who could offer support. Regular church members and those known to us who felt unable to worship with us for health or family reasons

Those whose mental health was suffering because of circumstances they were having to deal with.

Mission and Evangelism

New people have joined our services and ministries, or made connections with St John’s and its members for the first time. We reviewed our mission action plan in 2023, and have continued to prioritise particularly our Youth work and growing our multiethnic community.

Volunteers

The PCC thanks all volunteers who work so hard to make our church the lively and vibrant community it is.

Ravensbourne Team

St John’s with Holy Trinity was part of the Ravensbourne Team with Ascension Blackheath and Holy Trinity. Following a review into the Team (undertaken in 2021), the Bishop of Southwark recommended the Team to be dissolved, subject to further consultations. After these consultations were completed in early 2023, the Team was formally dissolved on 1st April 2023. This means that St John’s with Holy Trinity is now a separate benefice of its own. Rev Chris Hanning, who had been Priest in Charge of St John’s with Holy Trinity since April 2022, was inducted as Vicar of St John’s with Holy Trinity on 25th June 2023.

Holy Trinity

Page 3

THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF ST JOHN WITH HOLY TRINITY

TRUSTEES' REPORT (continued) FOR THE YEAR ENDED 31 DECEMBER 2023

We have continued to explore possibilities for the long term redevelopment of Holy Trinity.

Financial review

a. GOING CONCERN

After making appropriate enquiries, the trustees have a reasonable expectation that the charity has adequate resources to continue in operational existence for the foreseeable future. For this reason they continue to adopt the going concern basis in preparing the financial statements. Further details regarding the adoption of the going concern basis can be found in the Accounting Policies.

The Trustees have considered the ongoing impact of the Coronavirus on the church as a whole and note that the income has reduced, largely as a result of reduced in person donations and the inability to let out the church hall. Expenditure has also reduced, albeit to a lesser degree, given the limitations on activity. Given the reduced level of reserves noted below, the Trustees believe that the finances must be monitored going forwards and appropriate actions taken if needed. Optimism is maintained going forward that hall letting income should steadily continue to increase and an increase in the hourly rate was implemented. Until such improvement is seen, expenditure is to be administered more strictly in respect of higher cost projects and grant funding sought.

b. RESERVES POLICY

It is the policy of the charity that unrestricted funds which have not been designated for a specific use should be maintained at a level equivalent to not less than 3 months expenditure. The trustees consider that, if there is a significant drop in funding, the reserves held at this level will enable the charity to continue its current activities. In addition, the trustees will have time to give consideration as to how additional funds could be generated.

Owing to the significant costs to address fabric matters and higher utility prices, the reserve fund to meet the ongoing costs for the year has not been replenished as much as is desired. As at year end, unrestricted reserves are £25,588 excluding the Freehold. The desired level of General Reserves is 3 months of annual expenditure which stands at £33,253 (being 1/4 of £133,013) and so we were required to consider the Church’s financial position. Steps to increase controls on expenditure have continued, in particular with respect to fabric matters and going forward specific approval from one of the relevant members of the Church (e.g. PCC, Finance Committee and the Church Wardens) is required ahead of agreeing all expenditure. We thank the fabric committee for their diligence in adjusting to the new protocol.

As noted above, maintaining the fabric of the church building is important to carrying out our objectives. Going forward we look to replenish the designated fabric fund as income continues to recover.

Page 4

THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF ST JOHN WITH HOLY TRINITY

TRUSTEES' REPORT (continued) FOR THE YEAR ENDED 31 DECEMBER 2023

Structure, governance and management

a. CONSTITUTION

The charity was incorporated on 2 December 2019 and assumed responsibility for the Charity on that date.

The PCC has the responsibility of co operating with the Incumbent or in his absence the Church Wardens in promoting, within the Parish, the whole mission of the church; pastoral, evangelistic, social and ecumenical.

b. METHOD OF APPOINTMENT OR ELECTION OF TRUSTEES

Members of the PCC are either elected by the Annual Parochial Church Meeting (APCM), in accordance with the Church Representation Rules, or are ex officio.

The management of the charity is the responsibility of the Incumbent, and PCC who are elected and co opted under the Parochial Church Councils (Powers) Measure 1956 as amended and the Church Representation Rules (contained in Schedule 3 to the Synodical Government Measure 1969) as amended.

c. ORGANISATIONAL STRUCTURE AND DECISION MAKING

St John’s forms part of the wider Church of England and comes under the authority of the Diocese of Southwark.

The PCC operates through several working parties and committees which meet between full meetings of the PCC. The Standing Committee is the only committee required by law and it has the power to conduct the business of the PCC between its meetings, subject to the direction of the PCC. The Standing Committee during the vacancy was the Ministry Team.

d. RISK MANAGEMENT

The Incumbent and PCC have assessed the major risks to which the charity is exposed, in particular those related to the operations and finances of the charity and are satisfied that systems and procedures are in place to mitigate our exposure to the major risks. Included in the assessment are matters relating to; Health and Safety and Safeguarding Policies and those charged with dealing with children are required to complete the diocesan training every 3 years as well as comprehensive insurance cover.

The PCC has adopted the Diocese’s Safe Church policies and procedures to safeguard children, young persons and adults who might be vulnerable. These policies and procedures are regularly monitored to ensure implementation. Each year our Safeguarding Officers attend at least two PCC meetings to keep us updated of requirements and also submit written reports in order that we can fully support them, our young people and any vulnerable adults. All persons who have contact with children, young persons and adults who might be vulnerable, are required to possess a clear Disclosure and Barring Service (“DBS”) report and receive information on safe caring and whistle blowing.

e. ASSET and PROPERTY MANAGEMENT

The PCC is responsible for the consecrated and beneficed church building and land. Churchwardens hold on special trust for the PCC moveable church furnishings. They are also responsible for the Hall located at The Holy Trinity Centre, Bennet Grove, though it is held on trust for them by the Diocese of Southwark.

Page 5

THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF ST JOHN WITH HOLY TRINITY

TRUSTEES' REPORT (continued) FOR THE YEAR ENDED 31 DECEMBER 2023

TRUSTEES' RESPONSIBILITIES STATEMENT

The Trustees are responsible for preparing the Trustees' report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).

The law applicable to charities in England & Wales requires the Trustees to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the charity and of the incoming resources and application of resources of the charity for that period. In preparing these financial statements, the Trustees are required to:

The Trustees are responsible for keeping proper accounting records that are sufficient to show and explain the charity's transactions and disclose with reasonable accuracy at any time the financial position of the charity and enable them to ensure that the financial statements comply with the Charities Act 2011, the Charity (Accounts and Reports) Regulations 2008 and the provisions of the trust deed. They are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

This report was approved by the Trustees, on 28 April 2024 and signed on their behalf by:

Rev Chris Hanning Chair PCC

Page 6

THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF ST JOHN WITH HOLY TRINITY

INDEPENDENT EXAMINER'S REPORT FOR THE YEAR ENDED 31 DECEMBER 2023

INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF ST JOHN WITH HOLY TRINITY (the 'charity')

I report to the charity Trustees on my examination of the accounts of the charity for the year ended 31 December 2023.

This report is made solely to the charity's Trustees, as a body, in accordance with Part 4 of the Charities (Accounts and Reports) Regulations 2008. My work has been undertaken so that I might state to the charity's Trustees those matters I am required to state to them in an Independent examiner's report and for no other purpose. To the fullest extent permitted by law, I do not accept or assume responsibility to anyone other than the charity and the charity's Trustees as a body, for my work or for this report.

RESPONSIBILITIES AND BASIS OF REPORT

As the Trustees of the charity you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 ('the 2011 Act').

I report in respect of my examination of the charity's accounts 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 2011 Act.

INDEPENDENT EXAMINER'S STATEMENT

Your attention is drawn to the fact that the charity has prepared the accounts in accordance with Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts 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 been withdrawn.

I understand that this has been done in order for the accounts to provide a true and fair view in accordance with the Generally Accepted Accounting Practice effective for reporting periods beginning on or after 1 January 2015.

I have completed my examination. I can 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 accounts do not accord with those records; or

  3. the accounts 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.

Page 7

THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF ST JOHN WITH HOLY TRINITY

INDEPENDENT EXAMINER'S REPORT (continued) FOR THE YEAR ENDED 31 DECEMBER 2023

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.

Signed:

Dated: 28 April 2024

P M Landergan FCA (7643305)

Landergan & Co Ltd, 26 Burney Street, London SE10 8EX

Page 8

THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF ST JOHN WITH HOLY TRINITY

STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 DECEMBER 2023

Unrestricted
funds
Note
2023
£
INCOME FROM:
Donations and legacies
2
84,643
Other trading activities
3
1,368
Investments
4
48,632
TOTAL INCOME
134,643
EXPENDITURE ON:
Charitable activities
8
133,013
TOTAL EXPENDITURE
9
133,013
NET INCOME / (EXPENDITURE) BEFORE
OTHER RECOGNISED GAINS AND LOSSES
1,630
NET MOVEMENT IN FUNDS
1,630
RECONCILIATION OF FUNDS:
Total funds brought forward
411,458
TOTAL FUNDS CARRIED FORWARD
413,088		 Restricted
funds
2023
£
-
-
-
-
8,057
8,057
(8,057)
(8,057)
42,745
34,688		 Total
funds
2023
£
84,643
1,368
48,632
134,643
141,070
141,070
(6,427)
(6,427)
454,203
447,776		 Total
funds
2022
£
71,038
1,880
35,761
108,679
102,348
102,348
6,331
6,331
447,872
454,203

The notes on pages 11 to 19 form part of these financial statements.

Page 9

THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF ST JOHN WITH HOLY TRINITY

BALANCE SHEET AS AT 31 DECEMBER 2023

Note
FIXED ASSETS
Tangible assets
12
CURRENT ASSETS
Debtors
13
Cash at bank and in hand
CREDITORS:amounts falling due within
one year
14
NET CURRENT ASSETS
NET ASSETS
CHARITY FUNDS
Restricted funds
15
Unrestricted funds
15
TOTAL FUNDS		 £
21,525
44,012
65,537
(5,261)		 2023
£
387,500
60,276
447,776
34,688
413,088
447,776		 £
13,361
57,276
70,637
(6,434)		 2022
£
390,000
64,203
454,203
42,745
411,458
454,203

The financial statements were approved by the Trustees on 28 April 2024 and signed on their behalf, by:

Rev Chris Hanning Chair PCC

J Baudains PCC Member

The notes on pages 11 to 19 form part of these financial statements.

Page 10

THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF ST JOHN WITH HOLY TRINITY

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023

1. ACCOUNTING POLICIES

1.1 Basis of preparation of financial statements

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 Charities SORP (FRS 102) published on 16 July 2014 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 have been prepared under the historical cost convention with items recognised at cost or transaction value unless otherwise stated in the relevant notes to these accounts. The financial statements have been prepared in accordance with the Statement of Recommended Practice: 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) issued on 16 July 2014 and Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland (FRS 102) and Charities Act 2011.

THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH of ST JOHN with HOLY TRINITY constitutes a public benefit entity as defined by FRS 102.

1.2 Income

All income is recognised once the charity has entitlement to the income, it is probable that the income will be received and the amount of income receivable can be measured reliably.

For legacies, entitlement is taken as the earlier of the date on which either: the charity is aware that probate has been granted, the estate has been finalised and notification has been made by the executor(s) to the Trust that a distribution will be made, or when a distribution is received from the estate. Receipt of a legacy, in whole or in part, is only considered probable when the amount can be measured reliably and the charity has been notified of the executor's intention to make a distribution. Where legacies have been notified to the charity, or the charity is aware of the granting of probate, and the criteria for income recognition have not been met, then the legacy is treated as a contingent asset and disclosed if material.

Income tax recoverable in relation to donations received under Gift Aid or deeds of covenant is recognised at the time of the donation.

Income tax recoverable in relation to investment income is recognised at the time the investment income is receivable.

Page 11

THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF ST JOHN WITH HOLY TRINITY

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023

1. ACCOUNTING POLICIES (continued)

1.3 Expenditure

Expenditure is recognised once there is a legal or constructive obligation to transfer economic benefit to a third party, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is classified by activity. The costs of each activity are made up of the total of direct costs and shared costs, including support costs involved in undertaking each activity. Direct costs attributable to a single activity are allocated directly to that activity. Shared costs which contribute to more than one activity and support costs which are not attributable to a single activity are apportioned between those activities on a basis consistent with the use of resources. Central staff costs are allocated on the basis of time spent, and depreciation charges allocated on the portion of the asset’s use.

Support costs are those costs incurred directly in support of expenditure on the objects of the charity and include project management carried out at Headquarters. Governance costs are those incurred in connection with administration of the charity and compliance with constitutional and statutory requirements.

Charitable activities and Governance costs are costs incurred on the charity's operations, including support costs and costs relating to the governance of the charity apportioned to charitable activities.

Grants payable are charged in the year when the offer is made except in those cases where the offer is conditional, such grants being recognised as expenditure when the conditions attaching are fulfilled. Grants offered subject to conditions which have not been met at the year end are noted as a commitment, but not accrued as expenditure.

All expenditure is inclusive of irrecoverable VAT.

1.4 Tangible fixed assets and depreciation

All assets costing more than £1,000 are capitalised.

A review for impairment of a fixed asset is carried out if events or changes in circumstances indicate that the carrying value of any fixed asset may not be recoverable. Shortfalls between the carrying value of fixed assets and their recoverable amounts are recognised as impairments. Impairment losses are recognised in the Statement of financial activities.

Tangible fixed assets are carried at cost, net of depreciation and any provision for impairment. Depreciation is not charged on freehold land. Depreciation is provided at rates calculated to write off the cost of fixed assets, less their estimated residual value, over their expected useful lives on the following bases:

Freehold property

100 Years Buildings Only

1.5 Interest receivable

Interest on funds held on deposit is included when receivable and the amount can be measured reliably by the charity; this is normally upon notification of the interest paid or payable by the Bank.

Page 12

THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF ST JOHN WITH HOLY TRINITY

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023

1. ACCOUNTING POLICIES (continued)

1.6 Debtors

Trade and other debtors are recognised at the settlement amount after any trade discount offered. Prepayments are valued at the amount prepaid net of any trade discounts due.

1.7 Cash at Bank and in hand

Cash at bank and in hand includes cash and short term highly liquid investments with a short maturity of three months or less from the date of acquisition or opening of the deposit or similar account.

1.8 Liabilities and provisions

Liabilities are recognised when there is an obligation at the Balance sheet date as a result of a past event, it is probable that a transfer of economic benefit will be required in settlement, and the amount of the settlement can be estimated reliably. Liabilities are recognised at the amount that the charity anticipates it will pay to settle the debt or the amount it has received as advanced payments for the goods or services it must provide. Provisions are measured at the best estimate of the amounts required to settle the obligation. Where the effect of the time value of money is material, the provision is based on the present value of those amounts, discounted at the pre-tax discount rate that reflects the risks specific to the liability. The unwinding of the discount is recognised within interest payable and similar charges.

1.9 Financial instruments

The charity only has financial assets and financial liabilities of a kind that qualify as basic financial instruments. Basic financial instruments are initially recognised at transaction value and subsequently measured at their settlement value with the exception of bank loans which are subsequently measured at amortised cost using the effective interest method.

1.10 Fund accounting

General funds are unrestricted funds which are available for use at the discretion of the Trustees in furtherance of the general objectives of the charity and which have not been designated for other purposes.

Restricted funds are funds which are to be used in accordance with specific restrictions imposed by donors or which have been raised by the charity for particular purposes. The costs of raising and administering such funds are charged against the specific fund. The aim and use of each restricted fund is set out in the notes to the financial statements.

Page 13

THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF ST JOHN WITH HOLY TRINITY

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023

2.
INCOME FROM DONATIONS AND LEGACIES
Unrestricted
funds
2023
£
Donations
83,823
Grants
820
Total donations and legacies
84,643
Total 2022
67,770
3.
FUNDRAISING INCOME
Unrestricted
funds
2023
£
Church Groups
1,161
Total 2022
1,880
4.
INVESTMENT INCOME
Unrestricted
funds
2023
£
Rental Income
48,632
Total 2022
35,761
5.
ANALYSIS OF GRANTS
Missionary and charitable giving
Total 2022		 Restricted
funds


2023
£
-
-
-
3,268
Restricted
funds
2023
£
-
-
Restricted
funds
2023
£
-
-
Grants
2023
£
1,141
1,012		 Total
funds
2023
£
83,823
820
84,643
71,038
Total
funds
2023
£
1,161
1,880
Total
funds
2023
£
48,632
35,761
Total
2023
£
1,141
1,012		 Total
funds
2022
£
68,738
2,300
71,038
Total
funds
2022
£
1,880
Total
funds
2022
£
35,761
Total
2022
£
1,012

Page 14

THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF ST JOHN WITH HOLY TRINITY

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023

6. DIRECT COSTS

Fabric Expenses
Parish Share
Cleaning
Depreciation
Total 2022		 Activities
£
65,900
40,000
4,371
2,500
112,771
83,898		 Total
2023
£
65,900
40,000
4,371
2,500
112,771
83,898		 Total
2022
£
30,689
46,000
4,709
2,500
83,898

7. SUPPORT COSTS

Activities
£
Worship Expenses
6,717
Administration
8,873
Organ
8,057
Telephone
1,188
Bank charges
403
25,238
Total 2022
16,088
GOVERNANCE COSTS
Unrestricted
funds
Restricted
funds
2023
£
2023
£
Examination Fee
1,920
-		 Total
2023
£
6,717
8,873
8,057
1,188
403
25,238
16,088
Total
funds
2023
£
1,920		 Total
2022
£
7,905
6,687
-
1,083
413
16,088
Total
funds
2022
£
1,350

8. GOVERNANCE COSTS

Page 15

THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF ST JOHN WITH HOLY TRINITY

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023

9. ANALYSIS OF EXPENDITURE BY EXPENDITURE TYPE

ANALYSIS OF EXPENDITURE BY EXPENDITURE TYPE
Depreciation
Other costs
2023
£
2023
£
Ministry Expenses
2,500
136,650
Expenditure on governance
-
1,920
2,500
138,570
Total 2022
2,500
99,848		 Total
2023
£
139,150
1,920
141,070
102,348		 Total
2022
£
100,998
1,350
102,348

10. NET INCOME/(EXPENDITURE)

This is stated after charging:

2023 2022
£ £
Depreciation of tangible fixed assets:
- owned by the charity 2,500 2,500

During the year, Trustees received reimbursement of expenses of £PLEASE CONFIRM (2022 - £2,363).

11. EXAMINATION FEE

The Independent Examiner's remuneration amounts to an Independent Examination fee of £1,920 (2022 - - - £1,800).

Page 16

THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF ST JOHN WITH HOLY TRINITY

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023

12. TANGIBLE FIXED ASSETS

Cost
At 1 January 2023 and 31 December 2023
Depreciation
At 1 January 2023
Charge for the year
At 31 December 2023
Net book value
At 31 December 2023
At 31 December 2022		 Freehold
property
£
400,000
10,000
2,500
12,500
387,500
390,000

Included in land and buildings is freehold land at valuation of £150,000 which is not depreciated.

13. DEBTORS

DEBTORS
Trade debtors
Prepayments and accrued income
Tax recoverable		 2023
£
2,907
-
18,618
21,525		 2022
£
3,494
3,167
6,700
13,361

14. CREDITORS: Amounts falling due within one year

Other loans
Trade creditors
Accruals and deferred income		 2023
£
-
3,701
1,560
5,261		 2022
£
2,019
3,065
1,350
6,434

Page 17

THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF ST JOHN WITH HOLY TRINITY

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023

15. STATEMENT OF FUNDS

STATEMENT OF FUNDS - CURRENT YEAR

Balance at Balance at
Balance at 31
1 January December
2023 Income Expenditure 2023
£ £ £ £
Unrestricted funds
General Fund 411,458 134,643 (133,013) 413,088
Restricted funds
Organ Fund 27,359 - (8,057) 19,302
Youth Fund 15,386 - - 15,386
42,745 - (8,057) 34,688
Total of funds 454,203 134,643 (141,070) 447,776
Restricted Funds
Organ Fund - Specific gifts given to maintain and repair the organ.
Youth Fund - Legacy received to be used to support Youth Work, and consent was given for the transf e
from the executors.
STATEMENT OF FUNDS - PRIOR YEAR
Balance at
Balance at 31
1 January Transfers December
2022 Income
Expenditure		 in/out 2022
£ £ £ £ £
General funds
General Fund 404,799 105,411 (98,752) 10,000 421,458

Youth Fund - Legacy received to be used to support Youth Work, and consent was given for the transfer from the executors.

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THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF ST JOHN WITH HOLY TRINITY

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023

15. STATEMENT OF FUNDS (continued)

Restricted funds
Organ Fund
Youth Fund		 27,687
15,386
43,073		 3,268
-
3,268		 (3,596)
-
(3,596)		 -
(10,000)
(10,000)		 27,359
5,386
32,745
Total differs from value shown on Statement of Financial Activities (10,000)
Total of funds
447,872
108,679		 (102,348) - 454,203

16. ANALYSIS OF NET ASSETS BETWEEN FUNDS

ANALYSIS OF NET ASSETS BETWEEN FUNDS - CURRENT YEAR

Unrestricted
funds
2023
£
Tangible fixed assets
387,500
Current assets
30,849
Creditors due within one year
(5,261)
413,088
ANALYSIS OF NET ASSETS BETWEEN FUNDS - PRIOR YEAR
Unrestricted
funds
2022
£
Tangible fixed assets
390,000
Current assets
37,892
Creditors due within one year
(6,434)
421,458		 Restricted
funds
2023
£
-
34,688
-
34,688
Restricted
funds
2022
£
-
32,745
-
32,745		 Total
funds
2023
£
387,500
65,537
(5,261)
447,776
Total
funds
2022
£
390,000
70,637
(6,434)
454,203

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