Heathcote Parish Church Parochial Church CounciL of the Ecclesiastical Parish of Heathcote Annual Report and Financial Statements of the Parochial Church Council for the Year Ended 31 December 2023 Vicar: Rev Rob Budd, Vicarage, 72 Banquo Approach, Heathcote, Warwick, CV34 6GB Bank: Unity Trust Bank, Four Brindley Place, Birmingham, Bl 2JB Independent Examiner: Mark Spafford, LDP Luckmans, Coventry, CV5 6UB Heathcote Parish Church, Cressida Close, Warwick, CV34 6DZ www.heathcoteparishchurch.org | churchoffice.hpc@gmail.com Heathcote Parish Church- Annual Report HPC'S Parochial Church Council IPCCI has the responsibility of cooperating with the incumbent, Rev Rob Budd, in promoting, in the eccle51aStical parish, the whole mission of the Church, pastoral, evangelistic, social, and ecumenical. Our prayer is that the people of the parish will come to know the fullness of life, that a life with Christ promises. April 2024 PCC Membership, from 23 April 2023 Parish Office5 Chair (Vicar} vicar.hpc@gmail.com Churchwarden and Vlce-chalr amy@synapticpotential.com Churchwarden warden2.hpc@gmail.com Treasurer Name Rev Rob Budd Cornmittees and Groups. SC, DS, CMC Amy Brann SC, CMC Daniel Gallacher SC Philippa Gloverlresigned Nov 231 lo Strange SC, CMC, FC (co-opted Nov 231 pcctreasurer.hpc@gmail.com Secretary Joshua Bates Jo Killick Iresigned Sept 20231 SC, CMC (co-opted Sept 23 pccsec.hpc@gmail.com Safeguarding Officer safeguarding.hpc@gmail.com Other PCC Mernbers Caroline McKenzie Annie Chambers. 5ian Hunt, Mark Lloyd IDSI, Christine Mort IFC), Esther Pastores (CMC, FC) 'Committees and Groups Key Standing Committee- SC. The Standing Committee, required by law, has the power to transact the business of the PCC between its meetings. Subject to any directlons given by the council. Deanery Synod - DS. The Deanery Synod 15 an assembly of clergy and elected lay member5 convened by the Area Dean for the Warwick and Leamington Deanery of the Diocese of Coventry. As well as Rob, Mark Lloyd was our lay member on thi5 group. Fabric Committee- FC. A committee set up to mHnage the fabric and maintenance of the buildings chaired by Amy Brann, with Christine Mort and Esther Pastores, along with Paul Groves. Heathcote Communitycentre Management Committee-CMC. The Management Committee. chaired by Rob until April 2023 and then by Amy Brann, is responsible for the running of the Centre and reports to the PCC. The Treasurer and Centre Manager are also on the committee, along with other church members. Staff Heathcote Community Centre Manager Megan Townsend (mat leave from August 20231 Rachel Clarke Imaternity Cover, from Sept 20231 Michael Compton Ifrom Nov 20231 Caretakerlcleaner Heathtote Parish Church is a Registered Charity, No. 1189550. Vicarfs Report Rev Rob Budd Jesus said to them, 'Come with me byyourselves to a quiet place and get some rest., (Mark 6'.31) Jesus said, 'Go ond moke disciples of oll notions, (Matthew 28.191 There are two important instructions that Jesus regularly issued to his disciples throughout the gospel accounts. Firstly, Jesus calls people to 'come' to him, to be with him, to follow him, rest with him and learn from him. Secondly, he calls the disciples to 'go' and to share and do the work of the Kingdom. A healthy disciple and a healthy church will be one that regularly observes that dynamic of both coming and going. As I ref lect on 2023, 1am grateful to see the various 'comings and goings, that Heathcote Parish Church have been involved in. Coming toJesus In Summer 2023 1 had the privilege of a 3-month Sabbatical. It was such a gift to be able to take time to stop, rest, have fun and be ref reshed. There was time for retreat and prayer enabling space for me to reflect and review what the Lord had been doing in the church for the last 7 years. l am so gratetul to the Church Wardens, PCC and other church members who willingly and ably picked up various areas of responsibility in my absence. 'Coming' to Jesus is a vital regular component of following Him. We recognise this can be difficult on our own. It is sadly so easy for the busy-ness and pressure of life to overwhelm and dampen faith. This was re-affirmed at a PCC morning in October when it was discerned that the Lord is calling us to focus more on being still in the presence of God. Receiving his rest and renewal and operating from that place of coming to Him. both individually and corporately. As in previous years, many of the regular church's weekly activities (Sunday Services, mid-week small groups, monthly prayer meetings, Junior Church and Youth Church) are intended to help the church family to keep coming to Jesus and following him. In 2023, there were teaching series on the theme of generosity, John's gospel (including a fabulous service led by HPC youth), the Ten Commandments and Colossians. It was also very good to hear f rom our mi55ion partners and presentations from CAP and CPAS were well received alongside the annual Tearfund Quiz. It has been encouraging to see that new people have joined our church family this year and it is always pleasing to hear that newcomers have felt very welcome to worship with us. Inevitably too, we have had to say goodbye to dear church members who have moved to pastures new. We pray God's blessing on them as they go to the new chapter that God is calling them to. Going forJesus William Temple, the former Archbishop of Canterbury has this quote attributed to him: he Church 15 the onfy Instltutlon that exlsts prlmarlly for the benefit of those who are not its member5." l am pleased that in 2023 there were many different examples of HPC seeking to 'go' in the name of Jesus and be a blessing and witness for him amongst people who do not yet know Him. In January, a team from the church led by Christine Mort and Rachel Budd offered a warm hubon a Thursday lunchtime inthe community centre. It was designed to be a place of welcome, excellent lunch, fun, games and relationship building. Encouragingly a good number of local people in the parish wanted to attend to see what it was like. Unsurprisingly people returned and news spread about this initiative and what had been a 12- week pilot became a regular event. The Heathcote Hub is now providing a fantastic weekly witne5S to people in the community, and it was very encouraging to see people from the Hub come along to Olsr Christmas services and events. Further events to note include.. The Alpha Course Food hamper deliveries in February, Easter and May Summer Community Fun Day Regular school assemblies at Heathcote Primary School Carol Service at Austin Heath Retirement ViSlage In December we enjoyed hosting Heathcote Primary School visit to the Church where there was a fun opportunity to explain why Christians celebrate Christmas. The Longest Night Servlce was especially appreciated by those for who 2023 has been a difficult year. Caro15 in the Park on Christmas Eve saw hundreds of people come along and my admiration and appreciation go to our fantastic brass musicians who played so well. The church scrntch notlvlty was a fun and joyous way to remember the Christmas story. The costumes were impressive but how wonderful it was to be a church of all ages and to see the stage packed with church members getting stuck in. Heathcote, Pai-lsh Chiii- Heathcote Primary School Wisit • 11 Decembe I was also thrilled to see a new initiative entitled 'the Heart of Chrlstmas, as a brilliant, creative way to reach out to other members in our community. With Annie Chambers as the chief visionary and organiser, the centre was transformed with over 100 pieces of artwork from the local community. The exhibition was enjoyed by many visitors alongside the excellent live music and festive refreshment5. foiany stayed for the carol service that followed and heard something of the good news of what God has done in Je5US. After 20 years of service, Jack in the Box- our incredibly popular preschool group - came to an end. The final session was delivered in April with 180 coming alonE to an Easter themed farewell with chocolate eggs and age- ppropriate Easter leaflets distributed. The team, led by Rachel Budd for the past 7 years had done a brilliant job in providing a fun, safe space for small children to enjoy and enabling other parent5 and carers to meet. While it was the right time for the team to stop, we pray and watch with interest if a new initiative will develop in its place. In all the comings and goings of church life I want to conclude with a note of thanks. Thanks to the many people who offer time, talents and money to the ongoing work and mission of the church. A healthy church needs everyone to play an appropriate part and I'm grateful that so many people have contribute(fj in different ways lincluding music, children and youth work, small group leadership. refreshments. PA. leading prayers, welcome. communications, practical and other unseen ways). Special mention should rightly go to the Church wardens and PCC who also carry the weight of decision making in the life of the Church. While there are highlight5 to celebrate, inevitably challenges and f rustrations are never far away. As we journey on let's keep comin8 to Jesus for our help, strength and wisdom and going in His name to see how our local community can see more of God's Kingdom come. Rev Rob Budd, Vicar Churchwardens, Report (Fabric, Fixtures and Fittings) Amy Brann The wardens, supported by Allster & Christine Mort, journeyed through Rob and Rachel's sabbatical smoothly, with help from the wider church family. We were grateful for Rob and Rachel's extensive preparation aiming to reduce load on the team. A community fun day, led by Jo Killick and supported by around 45 church family volunteers successfLtIIy went ahead to bless the local area and wa5 attended by around 200 people. This year saw the arrival of the new church chairs and carpet. We also welcomed Rach Clarke as our centre manager who is covering for Megan whilst she is on maternity leave. We also welcome Mike, our new cleaner. Fabric committee 2023 saw the formation of a long-awaited subcommittee. Working under the PCC, this committee has responsibility for maintaining and improving our church building. We're very grateful for the technical expertise offered by Paul Groves, historical and broad awareness given by Christine Mort, health and safety con5ideration5 by Esther Pastores and Centre input by Rach Clarke and Jo Killick. The chairing of thi5 committee has recently been taken on by Kate Gallacher to lead into the next year. The small meeting room was updated to be more welcoming and fit for use by Junior Church Plvs. A speaker link, like.in Creche, 15 in the process of being arranged. A step and rail were installed by the stage in the church after consultation to make getting onto the stage easier for people with mobility issues. The AV tech desk is in the process of being updated. A maintenance checklist has been created which will enable us to plan more effectively. A refurbishment of the creche room has gone through a consultation stage and has a budget approved to redecorate - thanks to Jo Strange for leading this facelift. Church members helped with outside maintenance when the council were unable to do gra55 Cutting and bush trimming to keep things safe. Paul shirley has done some great handyman tasks. The church and centre are overall in good condition, and an inspection of the fabric, fixtures and fittings revealed no untoward issues. We continue to strengthen policies and procedures to reduce risk and duplication of work within the Church and Community Centre. Amy 6rann. on behalf of the churchwurdens Electoral Roll Officer's Report Sheila Verrier The Electoral Roll for the parish only required a revision again this year. The roll is made up of current church members and recently added member5. The requirement for a new roll takes place every six years, this was last done in 2019, thus the next new one is due in 2025. The closing date for applications was 7 April 2024, there are now 64 people on the roll, of these 31 live in the parish, and 33 live outside the parish. Safeguarding Officerfs Report Caroline McKenzie Heathcote Parish Church takes the safeguarding of children and vulnerable adults seriously and has adopted the recommended safeguarding policy from the Coventry Diocese which reflects recent legislative changes. The safegLJ3rding policy can be found on the church website. The House of Bishops Safer Recruitment and People Management guidance carne into practice in January 2022, ensuring that safer recruitment is effectively done, to ensure a safe and positive environment, keeping all the church comrnunity safe from harm. As a church, we practice Safer Recruitment of volunteers and staff members, which the PCC adopted. At each PCC meeting, I report on any safeguarding updates, anything relevant in terms of safer recruitment that needs to be cascaded. This ensures that the PCC hold me to account and ensure that we are compliant as a church with our safeguarding practice. I have access to tho ChLJrch of England online safeguarding dashboard, which has a live action plan showing what is outstanding in terms of actions. This is a useful tool to keep track of all safeguarding across the life of the church; on this I hold Risk Assessments for all activities that take place with young people or vulnerable adults. Thi5 action plan is being brought to every PCC meeting and PCC member5 are updated on key actions and information. AII PCC members have an enhanced DBS check and have completed safeguarding training, including a new "Raising awareness of Domestic Abuse" course, in line with the National Safeguarding team requirernents. All volunteers irivolved in working with children and vulnerable adults have completed an enhanced DBS check. This is coordinated by the Parish Safeguarding Officer and stored in line with GDPR. Where required, volunteers have received relevant safeguarding training, namely Basic Safeguarding Awarene5S and Foundation Safegtjarding training, provided by Coventry Diocese. In addition to this, a few individuals including the Parish Safeguarding Officer and the Vicar have completed the Leadership safeguarding training. As Parish Safeguarding Off icer, I have regular contact with Rob Budd, Vicar, to ensure there are open lines of communication between us in relation to safeguarding. We share best practice for safeguarding. compliance, and ensure our policie5 are kept up to date. There is a clear process in terms of reporting any incidents that cause concern. l also have regular contact with several other Parish Safeguarding Officers of local churches to share best practice and attend regular meetings with the Diocesan Safeguarding Team. l am keen to stress that Safeguarding at Heathcote Parish Church is everyone's responsibility, and if anyone has any concerns at all, then please speak to either myself or Rob, in the f irst instance, at any time. Many thanks for your support in keeping our church safe. Deanery Synod Report Mark Lloyd In 2023. there werethree meetings ofthe Deanerysynod. The keyupdatesto shareare outlined below: 20 MARCH 2024 Presentation of 2023 Strategic Framework for Our Shared Future, a 9-page document laying out: Whowe are Why we exist Where we are going How we get there Designed for churches in the Diocese of Coventry to have a unif ied purpose and clear vision for building God's kingdom here. Tim Wagg gave a presentation about his discipleship study notes 'Christian Foundations,, geared toward5 those who are new to the faith. Report on the General Synod meeting, specifically the issue of same-sex marriage and the churches attitude to the LGBT+ community. 23 MAY 2023 David Brown gave a presentation on the Warwick side of the Deanery. King Henry Vlll Endowed Trust is charitable fund, a proportion of the proceed5 of which fund church projects, particularly in the community. Some of the land previously owned and sold on by the Trust is now The Shires Retail Park and the Europa Way housing development. The money must be used in 'CV34' but the resources and people associated with the projects can spill over into the wider community. The most recent investment of funds has been in The Message Bus designed to introduce young people to the Gospel and God's people through on-board tech and media, cafe, nail bar etc. It can also act as a hub at outdoor events, representing our faith at community events. The Diocese have commi55ioned the DMPC- Deanery Mission and Pastoral Committee- represented by three clergy and three lay. 23 o￿oBER 2023 Good news stories.. St John's church host up to So young people at a Friday night club. St Paul's, church has brought together a Chinese community to study and pray in Cantonese. Amid the RACC crisis. churches in Warwick have come together to support Myton and Aylesford schools with pastoral care. The Message bus has been an invaluat)le resource. From 2024 HPC can support their own parish share. Rob Harrison talked about Lay Ministry. how we sometimes perceive the church as a hierarchy with clergy at the top supported by 'the people,. He wants to turn that on its head and allow 'the people, to do the ministry they are called to do supported by their vicar or bishop. His vision is to Release-Recognise- Resource. Instead of clergy'performing, their roles to the lay, as in a concert hall, he envisions both clergy and lay coming together to rehearse our faith together on Sunday mornings before going out to minister in our homes and workplaces. There are variou5 training pathway5 concerned with commissioning lay to undertake marby role5 Wlthin church ministry including preaching, leading worship, pastoral and children and families, ministry. Community Centre Report Amy Brann The Centre has gone through more significant changes this year as we saw the Centre Manager. Megan Townsend, go on maternity leave, line managed by Sarah Shirley. We welcomed Rach Clarke a5 her cover. Jo Killick volunteered to step up a5 the line manager for Raeh which has created a brilliant team. We used an agency for cleaning for a period before appointing Michael Compton as Cleaner / Caretaker who has been doing an amazing job. A new Centre website was launched, with thanks to Stuart Brann. The management committee IMCI ha5 worked very hard to ensure the smooth running and further strengthen our operatioris this year. During Rob's sabbatic31 this incltjded Esther, Sarah and Amy who met very regularly to keep thing5 on track. There wa5 a lot of operational support required due to various factors. Now the MC has been able to step back from operations and focus on strategy and oversight. The Centre has an up-to-date manual and online systems, including a booking system which reduces the Centre Manager's tasks markedly. Local links with the GP surgery have been continued for social prescribing and an uptake in social media presence is now evident. Under Rach's management the number of parties, regular users and ad hoc bookings are up, and the system for hosting them 15 le55 dependent on volunteers. Many new users have been welcomed into the Centre and comment on the posltive atmosphere and wide provision. Additional CCTV cameras have been installed. A new handyman has been attending to many job5. A new (lower} rate was secured for electricity. Unfortunately, due to the high prices of gas in May 2023 this has driven our costs up substantially. The Centre Manager role, to be done well, requires a skilled and experienced individual. The PCC were made aware that it is a real Stretch to do all the operational tasks and be welcoming in the hours available. A Bookkeeper / Assistant was proposed for two purposes. 11 to enable better coverage of tasks needed to run the Centre how we want to. 21 to reduce risk in case of illness or personnel transition. Previously a volunteer has invested anywhere from 10-20 hours a week to cover things. The PCC hasn't yet decided whether or not to create a new role. There has been a suggestion for 'Xero' to be considered as a replacement to 'Expen5e Plus,. This would dramatically reduce the time it takes Centre Manager to raise and chase up invoices, thus affording them more time to welcome people and f ind new users who would be a great addition to the Centre. It would need to be compatible for Church financial needs too as the bank accounts are shared. Jo Strange is taking this research forward to assess the viability and impact of changing the system. The Management Committee decided to ask the Caretaker to do a repaint of the Centre areas as they all have various marks that haven't been removed with scrubbing to maintain the improved reputation of the Centre as being a welcoming, clean space. The vision, strategy and operations of Heathcote Community Centre have been substantially clarified and strengthened this year. How different stakeholders & volunteers work together continues to be refined. Experiment5 have started to explore whether evolving the Centre's Strategy would be of benefit to the community. We are mindful to ensure small steps are taken so no volunteers are overwhelmed and whatever we start is maintainable. We continue to aim to raise engugh funds through user fees to cover the costs of running the Centre so we don't need to become reliant on unpredictable funding. If we can raise a surplus, we want to reinvest it in community initiatives to provide low-cost offerings. Amy Bronn on behalf of the M(3nogement Committee Treasurerfs Report Jo Strange The financial statements for the year ended 31 December 2023 are appended, as approved by the PCC. The accounts have been prepared on an accruals basis and examined by LDP Luckmans. The accounts for the year ended 31 December 2023 reflect a significant increase in operation of the Community Centre with an increase in bookings and income as well as increased operating expenditure. With increased operating expenditure, expenditure exceeded income by approx £6k12022-. +£10.5kl. Church activities returned a net surplus of £7.6k, with unrestricted donation income linclu5ive of Gift Aidl of £75k offsetting an increased Parish Share contribution of £55k. Community Centre activities returned a surplus of £13.9k. Hire income of £45.2k offset expenditure of £36.3k. Church and Centre expenditure included an IIYO rise in utility costs to £11.3k12022: £10.2kl and a {non-cashl depreciation charge of £17.3k12022.. £17.3KI HPC continued its mission of serving the community through the provision of hampers to families in need at threepoints in the year including Easter. Alongside donations from the congregation, we io were generously supported in this work through donations of food by Transforming Communities Warwick and Warwick District Foodbank. From September we have been running Your Farmer Market, ir) conjunction with Transforming Communities Warwick, through which we currently support approx 40 local families who struggle with the c05t of living. The warm hub, which was begun in January 2023 in response to the cost-of-living crisis, was supported for its initial 12 weeks by grant5 f rom WCC, WDC, WRCC, and ThinkActive. After this time the PCC agreed to continue to offer the hub, which became Heathcote Hub and continues to run, with the costs covered by HPC. Heathcote Hub has grown and expanded and serves the Heathcote community with weekly hot lunches as well as by providing a warm and welcoming space. Reserves remain healthy, with cash of £131.8k12022: £137.6kl and total funds increasing to £501.Ik 12022.. £499.3kl. Tithe donations totallinE £6.4k were paid to our mission partners in respect of the year ended 31 December 2022. During the year ended 31 December 2022, the PCC agreed to utilise the restricted Church Facilities Fund in 2023 to replace the thairs and carpet in the church, and to upgrade our crèche facilities. Expenditure of £22.7k included replacement of the chairs and carpet as well as 2 fire exit doors,. the funds remaining within the Church Facilities fund are allocated to the upgrade of the crèche facilities. During the year ended 31 December 2023, the PCC continued to work within the Reserves Policy agreed on during the year ended 31 December 2022. Under the revised policy, the PCC seek to maintain free reserves of between three and six month5 of budgeted forward running c05t5, a5 determined at each financial year-end. The PCC seek to be mindful of the source of any surpluses generated and to utilise anv excess reserve5 generated from the hire of the Community Centre for the maintenance or enhancement of the building and facilitie5 andlor to fund commur*ity support initiatives. At 31 December 2023 unrestricted reserves were £118k. Six months budgeted expenditure equates to £74k, indicating excess free reserves of c.£44k, of which £37k is attributable to church activities and £7k to the Community Centre. After discussion around funding priorities, the PCC continue to prioritise the allocation of our available church reserve5 to resourcing our work with young people, children, and families, although after two attempts at recruitment, a suitable candidate has not yet been found. Available Community Centre reserves will be used to continue underpinning the operations, expansion and support of community support activities. Looking ahead, we have committed to increasing our Parish Share contribution to our full contribution, from £55k iri 2023 to £64,686 in 2024. We are pleased that we are now able to pay our full share though we remain grateful to those churches in the Diocese who subsidised us as we reached this point. li endix l- Inde endent Exarniner's Re ort REGISTERED CHARITY NUMBER: 1189550 REPORT OF THE TRUSTEES AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023 FOR THE PCC OF THE ECCLESIASTICAL PARSSH OF HEATHCOTE LDP Luckmans 1110 Elliott CtMJrt Coventy Business Park H¥rJd Aven Coventry West Mldlands CV5 6UB 12 THE PCC OF THE ECCLESIASTICAL PARISH OF HEATHCOTE CONTENTS OF THE FINANCIAL STATEMENTS farthe year endèd 31 Dèe•mber 2023 Pago Report olih• Trustws 1 to 4 Independent Exam1r￿S Report statementof Flnanclal Actmtles . aalance Sheet Notes to the Hnanelal Statements lo 15 13 ThE PCC OF ECCLESIASTICALPARISH OF HEAThCOTE IIEPORT OF THE TRLK8TEES The trustees present the￿ reF*)rt ￿ Ihe fmarrial statements rf th? dwity fr>r the year ended 31 Decenknr 20rJ. The trustees have adweil Ihe prowsKJns of Acthunting and Repow by Charities.. Statement ￿ Recommend&J Pfacixe apF4￿b[e lo charilie5 prepari1¥ Iheir ac£ounts irb acCOrdar￿ the y￿rtIal ReForfr¥ StsThJard aFvlicat4e in the UK and Rewt4r of Ireland IFRS 1021 leffe(INe 1 January 20191. OBJECTNES ANDACTivm&8 ObWws and alms The ParocfM"al Churth c￿nCl (PCCI of the Ecclesiastul Parish of Heathth. kn(vm 48 Heat￿l)le p￿lsh Churth IHPCI. has Ihe responth.fty of ctroperatirtg wilh the r￿UMbOn( Rev Rob &Jdd. in I￿r￿￿ti￿va. kn the c￿s￿Stical pawish, the vdhole nissk*i ot the Church, pastcol. evangdistsc. soual and ecurwical. prayer is that Ihe ofthe parish wll come lo know the fulkness ol lrfe whic* Cmst offots. The PCC ts committed kn WOVKtirg 8 ￿r￿shiF0lng conwniwty r• in the F4fi8h arn1 t*￿t￿l con te welc£*ned intC¢. seThices and events am lo ￿1p ￿[￿0 put faith ￿t0 IhT(xwh scriplure. rwstc aThJ lelbowslip. When pLanning ow ￿tiVi￿e5 eadb yew. we have cOns•￿red the ￿MMiSSIon.S gUk1arte pub￿ benefft ant1, in ￿￿￿L￿ar. the suFylemet)tary on charilies for Ihe atrarttment ol rdigiorL In Fdticular, we tyto enable pecple to live ￿￿1heIr faith a5 part ofourchwch c0mrnurmtythio￿h." . ProM"SK)n of pastC￿l care . and (xhreath Tola(aitate tswork ¥￿ ensure Ihallhefaknofthe Church and Cornmur¥ty Centro mainlaw. ACHIE￿￿MENT AND PERF0￿cE Charftsble a¢tlvlll Hoathcote CAwn[￿rYty Centre has 1hrotwJh 2023 vthh ￿eaSed uW1sa￿n of the renlal spxo. ￿lTr0 2023 saw ￿other We￿ttended C4ynmuThty Fvn Tray wax rel*￿Ed by Ihe F￿at￿OIe CommLThty. The statement of finan(xa aLiMlies hethy rerta w￿me, Ihe rnai￿ty Of￿1th wa5 deJived frorn wAar HPC (￿tin￿l its mtsa•)n of semng the ccrfnrrHJnty throw the provisic￿ d hampw5 lo famir￿S in need at three t5 in the year Ind￿ling F2siÈr. Alorkgswjt donal1c￿ frcrfn the corwJegaticfi. we were genw(wsly supportod ifys WI￿￿ lfvwgh (knnatK)ns of frjad ty Trarthrmirvj CommunAies WaTh4ick Warwick Di511ict FoOdba￿. From September have teen Your Farmer Mathel, in cOryu￿Jsts vefed by HPC.The vmrm hub knib.alwe has gr￿*M and exFw¥JBd and Il*t Hoathc£ée ctrirnLty trth hot lunthes. thrK)re kitc￿akn)n ab)Lrtour thl*s duwg the year 15 avaifablo in the 741￿¥ report to the AFCIA. Page 1 14 niE PCC OF TIE ECCLE%ASIICAL PARISH OF REPORT OF THE TRUSTEES fortho y•x•nd•d 31 D•c•mbor2023 ACHIEWEIIENT AND PERFORPAANCE Fundrnlslnp •c￿¥ho•5 HPGS c*witable acbvi&es are funded Iwy by a mrx cl dtr￿ns h8]I htre. Thè PCC rnakes 4W'caticffls kn addrfiLfftal 9rant8 whefe il is eligNe to so. wa￿lC%￿re C(*Jnty Counta, and Ttur*Pdbve tcAalirKJ £3 FINANCIAL REVIEW Flmndal pos11ion The slatsment of fina￿￿1 aclivhtss lor the Yearen￿ 31 December 2023 refb&tts ts uKrea5e of aTrJ Cor(esw)rK￿.ITg wvease in rL￿n￿9 cosls, ￿ r￿1 loss of£19.6k12022: £10.5kl. Church ath"wties retyr￿ a net suw 01 £11.6L Trmlh d￿tKIn incC￿e lfftelusive ofgm a¥Jl of£75k olbdty ir￿￿3$￿ parish sharo contrityjtion 01 £55k. Comlnunty Centre acbvibes retwned a $j￿IUS ot £13.￿ H¥e of £452k offset expend&ture of È36.3L Chufth and Cenlie oxpondth incah*d an 11% rise in ￿l￿ty costs to £11.3k (K122' E102kl aTrJ E16.6k of(let*etrati'on (2022.. £17.31. Rrnve5 rernan heaty. *ith tAsh of £131Ak 13)22.' £137.6k} and funds lo £479,7k {2022: t49J3k). Trt￿ d)nations ￿ £6.4K wtrb pard lo rris$M mnors in resp￿1 of the ye* 31 Oecemter2022. Ourtrig the year ended 31 th)c8JrOw 2022 the pl￿ Approved a Resen￿ Pth'ry. ljthr Ix*y, Ffc wll maThrtain I￿e reser**S of bet*ten Ilwre six n)Jnths of fcTh¥d run￿n9 ujsts. 89 detern¥v! al financi￿ end. The PCC be mdfijl d the ol any SU￿1￿se$ gen&a*d er*har*%rnentofthe btthjry kn"libes wdlorlofuTrd support In￿atr¥eS. rKbcating excess free regerve$ of c.£44k. of f37k O atlthjtable to acith arKI £7k to Ihe C(￿Inty Centre. After dsrAwtsion aTrAThl fLThfjng the PCC continLte to worl￿e ￿ alOcat￿)Tr crf #val￿e reserves to resour(ing our wcrfk p￿t￿e. chithn. antt fam￿￿. gltlyjugh due p￿K￿ of Ihis has rK)t yet been p)Ssi￿￿ kn act on. Avai* Centre reserves te Used to toni￿ ￿nd￿pi￿1r￿j operatKJns, *KI support of comrThrMty acti￿￿S. FUTIAIE PLANS HPC s situtit￿ in an wea of devdoprr*nt The PCC sÈeks wayerfuty to meet need Wit￿1) raF*dty eypaTrdwwJ ccrnmuw. be Ihat SWE￿al. soaal u prac1"c￿. We cmtinue to eng&Je thlth m&mbers ( the ￿Mr￿rIty. Cwncll and 8 Total brought ImvaTd 499J22 48B.&33 TOTAL FUND8 CARRED FoJfiiAIID 471￿) 7,112 479,705 499.322 The not¢s form oflhesefjnanciol •t#tements 19 THE PCC OF THE ECCLESIASTICAL PAR15H OF HEATHCOTE BALANCE SHEET 31 Dotsm)b•r 2023 2023 Total Res￿•Y Totsl nds FIXED ASSErs TangNI e assets 479 344813 .416 CURRENT ASSETS 7,104 137.551 Cash at b 131.810 131742 144,&%5 CRE￿TORs ¥lmyJnL8 fallkng 11￿ one ye 16.483 {1,483) [7.7491 NET CURREiifASSETS 127.2 133.892 TOTAL ASSETS LESSCURRENT LIABILITIE8 7,112 479.705 499.322 NET ASSETS 7,112 479,705 49J,322 10 uNeS￿l&l ftw 472,n3 7,112 470.853 28.4frfJ TOTAL FUND8 479,705 499.322 04/05/2024 we*e signed on fvs behaKty' R Trustee 20 THE PCC OF ECCL&8IASIICAL PAIIISH OF EAThCOTE NOTES TO THE FI14ANC￿L STATEMENTS ACCOUNTrIG P(XICIES Ba818 of proparlng thg Ilnanclal Btatofflgnts finanual slalemenls of Ihe clHrty. wtuch is a benefit enbty un(ler FRS 101 lthe been prepAre¢1 in accordance the Chan￿"e$ SORP (FRS 1021 'A¢*cxJnting and Reporlirg by Charitie$" Stateft￿t of Recommended praC￿ce ¥$rAiCab￿ to ch¥ilies weparing their acix)unls in atthrda￿e wrfh Ihe Financ￿1 Refthng &8r%lard appl￿ble n the UK )rKI Republic of IrelaTrJ (FRS 1021 leffecive 1 January 2019>.. FThnaa] Rewrtin9 Standard 102 Tr FThrKial Rep)rtiry Slandard awlicable in the UK and Republic of Ireland. and the Charities X111. The fffl*xial sLitements have been wepargj wder the hL￿t￿￿al cost c￿￿r￿m)n. financia slalernenls have been ￿par￿j kn gNe a Irue and fai¢ vivw and have dcparted from tr Charities IAcwunts arKI Retx)rtsl RegulatM>ns 20rA (wdy to ts exknnl ro4uwed trj a llrue arml fa . This departure has Inv(￿ed I0￿1r￿ ts A￿OUn11￿ and RerorbTrJ by ch￿itIes.. Statemont ca Recrntmled PrncJ•c* apNI(at* to charil.es Pre￿"ft9 Iheir aCC￿nts in aCcOrda￿e Mih the Ftnanaal Reporting Standard apFlica14e in the Ln( and RepubfK ol Ireland IFRS 1021 issued on 16 July 2014 rather than Iho thxounbr¥J and by ¢J¥iti"trs: S1atwW￿ of PTa(aic¢ frwi 1 2(1)S *thich has srKe been with(kn. All inrxxr¢ is rewUS￿ in statement of Finar%xal Aiknl* (xice the diarty has e￿ement to the lunds, it Is wobatle Ihat tho irKcffi) VAI be and the arn￿nI can te measwed rdiatty. Volunt•ry Incorno Intl ¢•pIt•lSo￿# co1*￿￿$ are wised wheft ft￿￿e. Amunts rece]vab]& under Grfl Aid ¥¢ recowiqed onty *then h)noured by the *knx. ￿ irwmfr lax w)vered Gift 15 ifKknled ID Ihe ￿¢￿￿ts. The Atsj Sm*1 DcliatK￿ low> is akn dawlled on all qualtyry (ash c￿￿10n5 aThJ dorMts"ons. ants aTrJ legaoes •re for as soon a5 is rK>I￿￿ of its *al enlide￿nn¢ tht alier any p￿r01m￿ c(Jnd*frJns been n*t, it is prob&tle thai the inci>me ￿111 be re￿￿1 (Xhw onllnary Incom• Pw0Cl￿ ltes to th PCC lurw*, elo we acts)unted tr oAar) thtnttythern basos. Incofflg frnm Invulrn•nt Inveslmenl ￿LcOme is accow￿ed tr %lben reCe￿*>Ie. AM[￿th tj the church at 31 [leCert￿ ¥e as dEbtots. less prOv￿On for •i)ounls Ihat nky no￿￿1&*ab￿. Lithlit￿ we reccgnised as expenditwe as as Ihere 15 a ￿gaI or cortslructive 0￿￿On Ihe cIkw￿Y to that eyWM*"￿le, Ii ts probat* that a tsanslef of ects￿m￿ L*nefits *41 be re(wired sclllemenl and ihe am¢Junl of the oNigaliDn rBWJly. E¥pendrtwe is octounted fr)r on an actnHls baf4S arKJ h#8 iw) dassified urthr h&￿'n9$ Ihai aggrwe al rdated to the ca￿90ry. Where ujsts cannol be diredy attriiKrted to parb¢xAar hE•Jings tw have alkncatod to bas￿ cortsi91entwfth the use ol re9c￿Ce Rescrt￿ exp￿le￿ are all[￿aled to the paiticJJlaT aclKvty vthere Ihe cc6t rdaies directy to thal a(tiwty. VIIwts (>)Sts ￿8t& lo more than one area tILey ha¥e been an apFtoprthie basis. The d￿Cesan FWi5h sha￿ 15 accrwrrted k*when payable. Paqe 8 21 THE PCC OF TIE ECCLESIASTICAL PARISH OF THCOTE PK)TE8 TO THE FINANCWL STATEMENTS. conllnu•d fortho y•ar•n&gd 311)K•mbor 2023 ACCOUNTING P(XICIE8- contknuad Exp•ndltur• Governartt cc*ts comprise al c051s invdying the acc(MJntabW ol the Church and its complan Wrfh regulatitin aNI 9t￿ FWaUice. These cc6ts include 1he prc*luci"Dn and iTrJependeni SCJthiny of these ltnanu.al 8talÈmenl Flxgd assots Church and C￿lTr￿lIty centre As F4rt of the devetcwnt of thB WaN4Kk Gaks eslate, the Contr￿015. J J Gallagt*r Ltd, agreed to bufjd Church Cc￿￿T￿ty Centre in 2001. The Church sectrjn was p￿t fthided by a ￿an1 Ihe DI(￿Se of Coventry of £60.000. This was paid to St Margatel's PCC and passed ￿t0 J J Gdwher. It was wed that the freehohl ol the ￿lId￿9 would be passed Warwick Disth¢t and that the use of it wwbd be granted ￿ a 999.year lease al a Perver￿￿ rent of £1 per year. The contract ￿ the Dicte5e of CK•¥enty a5 the IDJ5tees. WaTh•ick DistrKt Cc*Jncl as the landlord aThJ Si Margarel's PCC as Ihe tenanL 11 has been amended lo transfer Ihe ienancy lo Parish Church. The ka5e (L￿ainS a break dause r&4uiring wa￿￿k Dis1￿1 Council lo gi¥e 25 ￿[S # it ¥4ist*s to detemi the base ￿ iospe& of the C(XT¥Twnity Centre. Heathr￿te Parish Clwtth is rowlr￿j Io 6 rn￿th8 notice if it wishes to td4rwish res￿Is￿lI1ty foi the Comrruw Ctntre. Heathurte PCC has tW￿dingS camal inwrance Ihrough Wa￿￿k Di51ricl G)unLyI fcf ￿￿ni111C￿. trkathcole PCC has Fwic and p￿d￿C￿ liability cover 01 £5mli lic￿ ￿ EMploy￿S Liabllity cover of £2.5￿r￿n. Assets recognisejj but not valued in Ihe statement of assets 1kab￿ltieS irKbJde chars and tables in ChL¥th aTrJ Centre. office equiw*nt incI￿1r¥j L￿Mputets. sw, cat￿￿￿￿ and other items for the e￿Y use oflhe Church assets and whKti reqwea fa]lty ts dI¥￿al. 5￿thE PCCc4Jn5iders llis to be inalen￿￿tA￿Fety. r￿e￿ ￿￿15 accurnukbj impairment k)5ses. c(￿ (ost5 ¢thr￿ a11ribulab￿ to rrAkry the as5el capat48 of ijper*ng as mtended. Depretiatitin provtde(l on all tang"Lle fixed assets. at rates calcLAaled lo off Ihe cost, less e*na les￿val value. oleath assèton a swematitt basis over its eX1￿￿￿j ￿lu1 lifo &s follows.. *nprovements to pr(wty 25 yoars Fixbjres aTrJ fitt¥igs Taxallon chanty is exeript frLYn taxon im th*itable Fund accounllng Ger)2ral lunds repregert the of the PCC Ihal ae not $ubjed lo w ￿sIr￿"0n$ Iher we and are avaabte for applicab.on on Ihe general pwses of the PCC. These may fi￿￿$ deswnaled loi a pthculat purFK%e by the PCC. Des•Jnated fur¥Js *fuAds designated spts>k purFKbSes bylhe PCC. Restricted ￿ndS ￿PreSent monies or assets raised ￿ 9Nen kn speofic purFwxes. These rrAy nc4 te used *)r any othor reason wilhoth oxpress of the Charity Cornmisslcf￿S or ravertiThJ lo Ihe oriE¥nal ¢*JrKJrs ￿ ts"r fewes￿tik￿s. P•Je 9 CXJntin￿l... 22 THE PCC OF ￿ ECCLESIASTICAL PARISH OF TrEAThCOTE NOTE3 TO THE FINANCIAL STATEMENTS- ¢onlbw•d ACCt OfIe￿ 3 nx)nth5. aolng C0￿M The financial slalements have beeTr Wepa￿l on a goirwJ corKun basis as the trustees that malerial Uncertaint￿ e￿sl The Iwstees have con5ider&J the level of fvnds held and the eXp￿d level me and eX￿￿KIl￿re hr 12 months frc*Yb autI￿n$￿￿j Ih2se tr￿ncl31 Stat￿ntS. Th¢ tMJJgeted income and exp￿1￿￿ 1$ the Je¥el of reseNes for the cwf tr) t¢ abkn lo aB a cwem. RenlaLs payable aThJ recebvth under leases are dwyed to the SOFA on a 5trai>bt Ine ba515 o¥er the peF*)d of the Spase. tKJNATTh3 AND LEGAC￿8 10. 11.983 19279 2.737 45.9XJ 16.332 Regulargp aded rffjAarg¥ing 3,6SO 07,190 1.915 Lc(g Aulhority Co¥id G(ants 12.5CQ 6,779 19.279 Pa9e 10 23 ThE PCC OF THE eCcLES￿8TrCAL PAFIISH OF ThCOTE NOTES TOTHE FINANCIAL STATEMENTS- ¢ontlnu•d forthD yur urthl 31 Docombor2tr23 INVESTPJEirf IPKOME Depwt ￿nt interest 1,710 TRUSTEES. REMUNERATION AND BENEFITS There ￿re no tsv&tees' remuneralion or olher be*)eltts yw erthl 31 rkncember 20YJ rnr frjr the yeorended 31 Decerrthr2021 Tru8to•B' t*Jring the year . ￿ tr￿ees 12022. None) received ￿￿en￿B$ tr[￿ lh￿ rde as Trustee. Rev Budd rettnfed eypenses in ￿SpeLl al his rc* as of the P*islL STAFF C08T3 16.252 439 165 14.994 16.691 Kty fflanage￿nt ￿[$0￿￿￿ reM￿￿￿t￿ IMefftslor tt* j*artots1￿ £1327712021" £7.￿01. unf￿nC￿ed Resi Tolal INcoP￿ AND END(AYMENTS FROM Donal1c￿S aThY legacies 80,193 10.722 9).915 Chwllablo acihlllgs Churth and c£*nmuThty c•ntre 33,422 33.4 In¥cstrnent 281 281 Total 116.962 10,722 127.684 EXPENDITURE Ohl ChartlablA actlvllloab Church and communty centro 113.642 117.195 Page 11 (tJni?nuwJ... 24 IMÈ PCC OF TrE ECCLESIASTICAL PAMSH OF ThCOTE NOTE8 TO THE FINANCIAL STATEMENTS. conllnugd fartho y•ar8ndod 31 Dgcombor 2023 Unreslrict&J Restr*knJ Tolal NET INCOME ￿•￿¥￿Tr funds 7.169 (Y3,3741 10.489 N•trnov•rMnt kn I￿￿* 26.694 116.205) 10,489 RECONCLLATION OF FUN08 Total tunds L￿ight forwwd 444.159 44.674 470,853 499.322 bxknes and T￿rOven￿nts Tol* At 1 Jarw 2023 383.791 15.934 379.725 361791 15.93fj 379,n? DEPREC￿TK)ll 2,7FI 17. 16.605 Chargtt f(*5 13 6.393 At 31 Decernter20Z3 335270 10.543 34S,B13 349239 13.177 362.416 Pagt 12 25 THE PCC OF TIE ECCLE8IAsmcAL PARISH OF HEATHCOTE NOTES TO THE FINANCIAL STATEMENTS-conllThu•d fortho y•ar•rKlod 31 00￿MI￿2023 DEBTORS: AMOUNTS FALLtr4G DUE biimi*i OME YEAR 2023 T￿23 5.653 1,451 epaY￿￿ts and ac£fue4J inrAime 8.665 7.104 CREDifoRS: A￿l￿1T8 FALUNG IXIE WIThIN OIE YEAR 2023 483 7.749 10. MO*TMENT IN FUNDS At1.1.23 in funds 31.1223 Unde$¥jnat￿ Genetal Clxw UndesbJnatryJ General Crmtre Desb3rotwJ RefUrtwSh￿￿ntPfileLt 11110 12*SS 117.1251 8&194 347117 350.692 23,052 36T,817 Ha￿1$ (s.400) 1,740 Churth FxJlthS k in the Box IU798) 1,796 721 1174 2,174 (21.351) 7,112 TOTAL FUNDS 119,617) 479.705 Page 13 26 IHE PCC OF TIE ECCLE8IA8TICAL PAIIISM OF THCOTE NOTE8 TO THE FINANCIAL STATEMENTS- ¢onthu l*yth• Y￿ra￿lOd 31 Do¢•mb•r2ry23 10. MOVEMENT IM FUIID8. c4Xrtknu•d Net mo¥ement in knnd% irr￿ & Chanties 87277 175,667) (37.6741 (17.12SI 14400) 11,610 12,6SS 117.1251 (&4001 (1350661 1.7411 Church Fac&lies Jack in the Box equiF(r*nl (4798) (611 11 J12) 122.798) 1611 1,$02 2￿14 I￿14 (24,171) 121 J57) TOTAL FUNDS 140N20 1160,037) 119,617) Cory•i&tl￿ for mo¥•mqnt In fvn 11.122 in lunds 31.1122 Undesi9nated Genefal Chweh Undes•￿ated Centre Deswabj Refvrbishment prO￿¢t 77316 6.151 4.701 13269 (14ffj50) 18,4331 3.632 22.775 73.584 23.052 367.817 Hartlslip Mi55•Jts & Cha￿ti 1.000 5.400 5.400 444.159 23374 470.853 Church k ￿ the Box eqUip¥￿nt ReluTbL8hment Prcyect 18252 1,473 24949 6.941 52? (5991 24.S94 721 2.174 (217751 980 44,674 7.169 123,3741 28.469 TOTAL FUMDS 10.4B9 499.322 Pa9e 14 nlirX*￿... 27 THE PCC OF TIE ECCLESIASTICAL PARISH OF EAThCOTE NOTES TO THE FM14CIAL sTAT￿NTs * contlnuod 10. MOVEMENT IM FUNDS- contknu•d Comparati¥0 nK)vemenl in furxts. Induthd kn Ihe atthe are & fokn4¥: R050u1￿$ lA0ve￿nI f￿d& Unrn8trkt•d fund¥ Undesignated General Undewnated General Centre Des￿anated Refurbishment pr4oct 70.124 44.179 2.659 (65.4￿) (Xl,9101 (17.￿) 4.701 13269 (14,6501 116.962 1113.6421 3.320 R•¥trf¢lod fvnds Church Facdrties k in the Box eqwronl 15591 17521 122421 6,941 1752) 3222 10,722 13,5531 7.169 TOTAL FUMDS 127,684 (117.1951 10.489 The General Church and Ger￿al Centro rewe5Wrt the free resorw￿ of tho (*wity Ihal we (lesgna*d or restricted for part*ular PLKF(W. ThB desyHknI been let w) to en•blÈ lund$ t•t 8re mt free de>Jnaied *JTa parfhXFarWrw￿e Ipr rosttthd Church F￿ fu￿￿ wa% gken b (mF¥o¥e ther￿￿e$ thutth. 11. RELATED PARTY DISCLOSURES Page 15 211