**REGISTERED CHARITY NUMBER: 1190786**
## **Report of the Trustees and**
**Unaudited Financial Statements for the Year Ended 31 December 2023**
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for
ALL SAINTS GRAYSWOOD PCC
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**ALL SAINTS GRAYSWOOD PCC**
**Contents of the Financial Statements for the Year Ended 31 December 2023**
||**Page**|
|---|---|
|**Reference and Administrative Details**|1|
|**Report of the Trustees**|2 to 5|
|**Independent Examiner's Report**|6|
|**Statement of Financial Activities**|7|
|**Balance Sheet**|8|
|**Notes to the Financial Statements**|9 to 17|
|**Detailed Statement of Financial Activities**|18 to 19|
**ALL SAINTS GRAYSWOOD PCC**
## **Reference and Administrative Details for the Year Ended 31 December 2023**
|**TRUSTEES**|Revd F Gwynn Associate Priest, All Saints Grayswood|
|---|---|
||Revd E Collins Assistant Priest, Haslemere & Grayswood|
||Mrs J Holmes Church Warden|
||R J McLean Church Warden|
||A Ramsden Deanery Representative|
||Miss A Wheeler Deanery Representative|
||Mrs N Miller Treasurer|
||Mrs T Garland Secretary|
||Mrs A P Guidi|
||Mrs S Hatherall-Good|
||Mrs P Hollins-McLean|
||D Hutton|
||Mrs D Mordin|
||Mrs J White|
||C Webb (appointed 23.4.23)|
|**PRINCIPAL ADDRESS**|The Church Office|
||All Saints Parish Church|
||Grayswood Road|
||Grayswood|
||Surrey|
||GU27 2DJ|
|**REGISTERED CHARITY**|1190786|
|**NUMBER**||
|**INDEPENDENT EXAMINER**|Knox Cropper LLP|
||Chartered Accountants|
||Office Suite 1|
||Haslemere House|
||Lower Street|
||Haslemere|
||Surrey|
||GU27 2PE|
|**BANKERS**|Lloyds Bank|
||Lewisham (309089) Branch|
||PO Box 1000|
||BX1 1LT|
|**ASSOCIATE PRIESTS**|Revd Fiona Gwynn, Associate Priest All Saints|
||Grayswood|
||Revd Elaine Collins, Assistant Priest Haslemere and|
||Grayswood|
Page 1
**ALL SAINTS GRAYSWOOD PCC**
## **Report of the Trustees for the Year Ended 31 December 2023**
The trustees present their report with the financial statements of the charity for the year ended 31 December 2023. The trustees have adopted the provisions of 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).
All Saints Church, Grayswood Road, Grayswood, Haslemere GU27 2DJ is part of the United Benefice of Haslemere (St Bartholomew and St Christopher) and Grayswood, in the Diocese of Guildford. All Saints Grayswood PCC is a charity registered with the Charity Commission (Registered charity number 1190786).
## **OBJECTIVES AND ACTIVITIES**
## **Objectives and activities**
All Saints PCC is responsible for co-operating with the Associate Minister Revd. Fiona Gywnn and Assistant Priest Revd Elaine Collins in promoting the parish of Grayswood the whole mission of the church - pastoral, evangelistic, social, and ecumenical. Our vision statement is **"For God, for one another, for the world** ".
We seek to reach out to, and serve all who live in the village, as well as those who live beyond the parish boundary who are regular worshippers at All Saints, and to demonstrate God’s love and generosity in various ways. We compile, edit and print a monthly newsletter (The Grayswood Runner) which is delivered to every house in the village, and through this we communicate both church and village activities. The Friends of All Saints (who fundraise for the maintenance of the church) organise various social fundraising activities, which attract members of the community who are not regular worshippers. The popular village Open Gardens was held in June and a very successful quiz evening took place in October. The weekly parent/carer and toddler group in the village hall and the monthly coffee, cake and chat in the village club continue to be well supported. Fi, our Associate Priest, is a Governor of the school, takes weekly assemblies and oversees the RE curriculum. Six services were held in the church this year including harvest, Christmas, the end of term school service and some individual RE lessons.
Our focus for 2023 was ‘awakening new hope’ as this is relevant to our church development plan. We continue to reach out to the local community and the needs bank is well supported. A weekly email, including the newssheet, and the website are valuable sources of up to date information. Weekly services continue to be available on zoom for those unable to attend. Christmas and Easter services were well attended. A village Harvest celebration was held at Imbhams farm, a pet service was very popular with 20 dogs and 2 ponies in attendance and a poetry competition was held during Advent with creative poems being published each day.
## **Grantmaking**
During the year we support three main missions, one in each quarter of the year. Crossways counselling (a local charity supporting those with mental health needs), Skillway (a local charity that provides vocation training workshops for young people), and CMS and our fourth quarter is changed each year. This year we supported Christians Against Poverty who helps those struggling with the cost of living crisis. Each year we support Grayswood primary school and Grayswood nursery. All primary school children are given a bible when they leave. A donation of £3000 was made to the school for new phonics books and £5000 to Skillway, from the legacy received in 2022. In addition we supported the Haslemere food bank, the Royal British Legion, the Childrens’ Society and Water Aid.
## **Volunteers**
We would like to thank all the volunteers who work so hard to make our church the welcoming, friendly and caring community that it is.
Our housekeeping costs are covered by donations and fundraising events. The popular spring and Christmas fayres were well supported. We are grateful too to our buildings and grounds team who keep and care for the church and churchyard, and the volunteers who look after the Garden of Remembrance. We very much appreciate the Friends who financially support us in the maintenance and improvement of the church building and all who give generously during the year.
Page 2
**ALL SAINTS GRAYSWOOD PCC**
## **Report of the Trustees for the Year Ended 31 December 2023**
## **ACHIEVEMENT AND PERFORMANCE Review of the year**
There are 87 members on our electoral roll. The Church of England now records Worshipping Community, acknowledging that not everyone comes every Sunday. Our Worshipping Community remains around 74 adults and 6 children and includes those who join us on our broadcast service via Zoom.
We celebrated Easter with 82 worshipping in church and a further 4 on zoom. Our Christmas services were once again held in church and online: Christingle with Crib Service: 100 adults and 80 children, Christmas Eve: 26, Christmas Day: 76. These numbers are all an increase on last year.
School services – the children held six services in church, including harvest and Christmas services and some individual RE lessons. Rev Fi Gwynn continues to hold Weekly Assemblies.
We held 3 weddings, 4 baptisms and 2 funeral services at church, 4 funeral services at the crematorium and 2 full burials/burials of ashes. The number of baptisms is lower than last year (10) but this may reflect the Covid restrictions of the previous year, 2022.
Our PCC had six full meetings in 2023 which all began with a reading and prayer. The January meeting was held via zoom to save heating costs. We include in our agendas, at most meetings, a main item of particular interest or challenge in addition to covering routine matters. It was agreed at our January meeting our theme for the year would be ‘awakening new hope’ as this is relevant to our church development plan.
The fellowship offered through coffee and refreshments in the village hall after weekly services are much appreciated. Home group is well attended and with the Lent course provide an opportunity for fellowship and spiritual development. The website continues to be a source of information for events and services and provides a range of online content - recordings, meditations, sermons, intercessions, and children’s activities. Our prayer triplets have continued and a prayer chain, which is much appreciated, and each month we pray for a different area of our village.
Our logbook and terrier are kept up to date. Risk assessments are reviewed annually and we continue to monitor our safeguarding responsibility.
Page 3
**ALL SAINTS GRAYSWOOD PCC**
## **Report of the Trustees for the Year Ended 31 December 2023**
## **FINANCIAL REVIEW Financial review**
## Unrestricted funds
The total receipts on ordinary unrestricted funds were £75,852 (2022: £220,017), as detailed in the financial statements. The decline in income was largely the result of a generous legacy received in 2022 amounting to £156,023. Expenditure amounted to £109,810 (2022: £102,426), together with gains on Investments of £927 (2022: losses of £1,370). After transfers from restricted funds of £2,050, this resulted in net expenditure on unrestricted funds of £31,855 for the year.
As a result, the unrestricted fund totalled £131,834 at 31st December 2023, of which the PCC has designated £1,875 for specific purposes as shown in note 16 of the accounts.
We aim to tithe our income by making grants to various charities. In 2023 we have given to Christians Against Poverty, Crossways Counselling Service, the Church Mission Society (to support our link missionary, Katia Rocks), Grayswood Primary School and Skillway. We also make periodic donations of collections from special services, for example, the Harvest collection to Water Aid.
We were very fortunate to receive a substantial legacy in 2022 which has enabled us to upgrade the paths to church to improve access, particularly for people with limited mobility. This work has cost over £30,000, but we received a generous donation of £15,000 from the Friends of All Saints. The legacy has also funded installation of a new audio-visual system which amounted to 44,516. This has improved the sound quality for everyone in church and those joining services by Zoom. It can also provide back up if an organist is not available.
## Restricted funds
No restricted income was received in the year.
## **Reserves policy**
It is our policy to invest our funds balances with the CBF Church of England Deposit Fund and there was £66,250 in this fund at the end of the year.
We aim to maintain a minimum of 3 months' expenditure within this fund. Reserves overall have decreased by the net surplus in the year of £33,905 to £131,834.
## **Designated funds**
The Vicar's discretionary fund paid out £100 for the purpose of making small grants to individuals facing hardship. This leaves £1,875 available for future assistance.
## **STRUCTURE, GOVERNANCE AND MANAGEMENT Governing document**
The Parochial Church Council of All Saints Church Grayswood (PCC) is a registered charity, number 1190786, and is controlled by the Church Representation Rules.
## **Recruitment and appointment of new trustees**
The method of appointment of PCC members is set out in the Church Representation Rules. All Church attendees are encouraged to register on the Electoral Roll and to stand for election to the PCC.
Page 4
**ALL SAINTS GRAYSWOOD PCC**
## **Report of the Trustees for the Year Ended 31 December 2023**
## **STRUCTURE, GOVERNANCE AND MANAGEMENT Organisational structure**
The PCC operates through one committee and through the following teams for ministry and mission (each with a co-ordinator) which meet between full PCC meetings. All teams are answerable to the PCC, all are about ministry (serving the people of God in many different ways) and all are about mission (joining in with God's mission in the world in all its diversity).
## Standing Committee:
As the only committee required by law it has power to transact the business of the PCC between its meetings, subject to any directions given by the PCC. It is also responsible for forward planning and developing worship and corporate prayer.
## Worship and Learning Teams:
These teams cover Sunday school, music, prayer ministry, home groups, and special services.
## Mission Teams:
We have teams responsible for our newsletter to the village, Autumn and Spring fayres, special events and services, Alpha or similar courses, hospitality on behalf of the church and for other outreach events and liaising with our school.
## Pastoral Teams:
These teams, with our three pastoral assistants, have a particular responsibility for the pastoral needs of the parish. Representatives cover each road in the parish and electoral roll members who live outside the parish, ensuring that any particular needs are addressed, and that newcomers are welcomed. In addition they organise Harvest gifts, occasional offices and care for church members.
## Maintenance Teams:
Finance, care of the church building, its contents and grounds, and disability needs are covered by these teams.
Approved by order of the board of trustees on 26 March 2024 and signed on its behalf by:
................................................................. Mrs J Holmes - Trustee
Page 5
**Independent Examiner's Report to the Trustees of All Saints Grayswood PCC**
## **Independent examiner's report to the trustees of All Saints Grayswood PCC**
I report to the charity trustees on my examination of the accounts of All Saints Grayswood PCC (the Trust) for the year ended 31 December 2023.
This report is made solely to the Trustees, as a body, in accordance with the terms of our engagement. Our work has been undertaken so that we might carry out an Independent Examination of the financial statements in accordance with the General Directions given by the Charity Commissioners and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the Charity and Charity’s Trustees, as a body, for our work, for this report, or for the opinions we have formed.
## **Responsibilities and basis of report**
As the charity trustees of the Trust you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 ('the Act').
I report in respect of my examination of the Trust's accounts carried out under Section 145 of the Act and in carrying out my examination I have followed all applicable Directions given by the Charity Commission under Section 145(5)(b) of the Act.
## **Independent examiner's statement**
I have completed my examination. I confirm that no material matters have come to my attention in connection with the examination giving me cause to believe that in any material respect:
1. accounting records were not kept in respect of the Trust as required by Section 130 of the 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.
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.
James Holland-Leader FCA
Knox Cropper LLP Chartered Accountants Office Suite 1 Haslemere House Lower Street Haslemere Surrey GU27 2PE
Date: .............................................
Page 6
**ALL SAINTS GRAYSWOOD PCC**
## **Statement of Financial Activities for the Year Ended 31 December 2023**
|Unrestricted
funds
Notes
£
**INCOME AND ENDOWMENTS FROM**
Donations and legacies
2
**65,386**
Other trading activities
3
**6,197**
Investment income
4
**4,269**
**Total**
**75,852 **
**EXPENDITURE ON**
Raising funds
**927**
**Charitable activities**
5
Charitable
**109,810**
**Total**
**110,737 **
Net gains/(losses) on investments
**980**
**NET INCOME/(EXPENDITURE)**
**(33,905)**
**Transfers between funds**
16
**2,050**
**Net movement in funds**
**(31,855)**
**RECONCILIATION OF FUNDS**
Total funds brought forward
**163,689**
**TOTAL FUNDS CARRIED FORWARD**
**131,834 **|Restricted
funds
£
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**(2,050) **
**(2,050)**
**2,050**
**-**|**2023**
**Total**
**funds**
**£**
**65,386**
**6,197**
**4,269**
**75,852 **
**927**
**109,810**
**110,737 **
**980**
**(33,905)**
**-**
**(33,905)**
**165,739**
**131,834 **|2022
Total
funds
£
210,482
7,975
1,560
220,017
311
106,989
107,300
(1,370)
111,347
-
111,347
54,392
165,739|
|---|---|---|---|
The notes form part of these financial statements
Page 7
**ALL SAINTS GRAYSWOOD PCC**
## **Balance Sheet 31 December 2023**
|Unrestricted
funds
Notes
£
**FIXED ASSETS**
Tangible assets
12
**40,064**
Investments
13
**11,303**
**51,367**
**CURRENT ASSETS**
Debtors
14
**6,658**
Cash at bank and in hand
**86,191 **
**92,849**
**CREDITORS**
Amounts falling due within one year
15
**(12,382)**
**NET CURRENT ASSETS**
**80,467 **
**TOTAL ASSETS LESS CURRENT**
**LIABILITIES**
**131,834**
**NET ASSETS**
**131,834 **
**FUNDS**
16
Unrestricted funds
Restricted funds
**TOTAL FUNDS**|Restricted
funds
£
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**|**2023**
**Total**
**funds**
**£**
**40,064**
**11,303**
**51,367**
**6,658**
**86,191 **
**92,849**
**(12,382)**
**80,467 **
**131,834**
**131,834 **
**131,834**
**-**
**131,834 **|2022
Total
funds
£
269
10,323
10,592
9,738
150,377
160,115
(4,968)
155,147
165,739
165,739
163,689
2,050
165,739|
|---|---|---|---|
The financial statements were approved by the Board of Trustees and authorised for issue on 26 March 2024 and were signed on its behalf by:
............................................. J Holmes - Trustee
............................................. N Miller - Trustee
The notes form part of these financial statements
Page 8
**ALL SAINTS GRAYSWOOD PCC**
**Notes to the Financial Statements for the Year Ended 31 December 2023**
## **1. ACCOUNTING POLICIES**
## **Basis of preparing the financial statements**
The financial statements of the charity, which is a public benefit entity under FRS 102, have been prepared in accordance with the Charities SORP (FRS 102) '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)', Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Charities Act 2011. The financial statements have been prepared under the historical cost convention, with the exception of investments which are included at market value, as modified by the revaluation of certain assets.
## **Financial reporting standard 102 - reduced disclosure exemptions**
The charity has taken advantage of the following disclosure exemptions in preparing these financial statements, as permitted by FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland':
- the requirements of Section 7 Statement of Cash Flows.
## **Income**
All income is recognised in the Statement of Financial Activities once the charity has entitlement to the funds, it is probable that the income will be received and the amount can be measured reliably.
## Donations, Legacies and Collections
Collections are recognised when banked by or on behalf of the PCC. Planned giving receivable under Gift Aid is recognised only when received. Income tax recoverable on covenants or Gift Aid donations is recognised in the accounts when the gift is received. Grants and legacies are accounted for when the PCC is notified of its legal entitlement and the amount due is probable.
## Other trading income
Parochial fees due to the PCC for weddings, etc. are accounted for on an event by event basis. Fundraising Activities are recognised when received.
## Income from investments
Dividend and interest income are accounted for when received as is any income tax recoverable on such income.
## **Expenditure**
Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, 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 accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources.
Grants offered subject to conditions which have not been met at the year end date are noted as a commitment but not accrued as expenditure.
## **Church Activities**
The diocesan parish contribution is accounted for when paid. Any parish contribution unpaid at 31st 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.
## **Tangible fixed assets**
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Page 9
continued...
**ALL SAINTS GRAYSWOOD PCC**
**Notes to the Financial Statements - continued for the Year Ended 31 December 2023**
## **1. ACCOUNTING POLICIES - continued**
**Tangible fixed assets** Fixtures and fittings - 25% on cost and 10% - 25% Per Annum Office equipment - 25% on cost
Consecrated and beneficed property of any kind is excluded from the accounts by section 10(2) to (4) of the Charities Act 2011.
## **Taxation**
The charity is exempt from tax on its charitable activities.
## **Fund accounting**
Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees.
Part of the unrestricted fund which the PCC has, at their discretion, set aside for a designated purpose. Designated funds are also used where donors have expressed a preference without imposing a trust. The funds so designated remain unrestricted since the PCC can remove the designation at any time
Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes.
Further explanation of the nature and purpose of each fund is included in the notes to the financial statements.
## **Investments**
Investments are a form of basic financial investment and are initially recognised at their transaction value and subsequently measured at fair value as at the balance sheet date using the closing quoted market price. The statement of financial activities includes the net gains and losses arising on revaluations and disposals throughout the year.
Realised gains and losses on investments are calculated as the difference between sales proceeds and their opening carrying value or their purchase value if acquired subsequent to the first day of the financial year. Unrealised gains and losses are calculated as the difference between the fair value at the year end and their carrying value.
## **Current Assets**
Amounts owing to the PCC at 31st December in respect of fees, rents or other income are shown as debtors, less provision for amounts that may prove uncollectible.
Short-term deposits include cash held on deposit either with the CBF Church of England Funds, or at the bank.
Page 10
continued...
**ALL SAINTS GRAYSWOOD PCC**
## **Notes to the Financial Statements - continued for the Year Ended 31 December 2023**
|**2.**
**DONATIONS AND LEGACIES**
Planned giving
Donations
Gift aid
Collections and other giving
Mission Giving
Legacies
**3.**
**OTHER TRADING ACTIVITIES**
Fundraising events
Fees
**4.**
**INVESTMENT INCOME**
CBF Investment Fund Income
Deposit account interest
**5.**
**CHARITABLE ACTIVITIES COSTS**
Charitable|Direct
Costs (see
note 6)
£
**36,091 **|**2023**
**£**
**27,169**
**16,814**
**9,697**
**8,837**
**869**
**2,000**
**65,386**
**2023**
**£**
**4,396**
**1,801 **
**6,197 **
**2023**
**£**
**309**
**3,960**
**4,269**
Grant
funding of
activities
Church
(see note
Activities (see
7)
note 8)
£
£
**13,964 **
**59,755**|2022
£
29,698
6,637
8,287
9,218
619
156,023
210,482
2022
£
4,432
3,543
7,975
2022
£
307
1,253
1,560
Totals
£
**109,810**|
|---|---|---|---|
Page 11
continued...
**ALL SAINTS GRAYSWOOD PCC**
## **Notes to the Financial Statements - continued for the Year Ended 31 December 2023**
|**6.**
**DIRECT COSTS RELATED TO WORK OF CHURCH**
**2023**
**£**
Diocesan Parish Share
**28,460**
Organist & Music
**1,349**
Cost of Services
**1,801**
Community/Ministry
**1,834**
Rental of Village Hall
**2,647**
**36,091 **
**7.**
**GRANTS PAYABLE**
**2023**
**£**
Charitable
**13,964 **
The total grants paid to institutions during the year was as follows:
**2023**
**£**
CMS
**425**
Haslemere PCC
**100**
Grayswood Nursery
**250**
Grayswood School
**5,186**
Skillway
**5,600**
Royal British Legion
**154**
Through Faith Missions
**-**
Crossways Counselling
**952**
Water Aid
**100**
Haslemere Foodbank
**500**
Bliss
**50**
Christians Against Poverty
**592 **
**13,909**
**8.**
**CHURCH ACTIVITIES**
Expenditure
Related
Governance
Finance
to Church
costs
£
£
£
Charitable
**32 **
**46,712**
**13,011**|2022
£
28,022
1,244
3,863
2,370
3,036
38,535
2022
£
10,606
2022
£
378
100
750
7,092
490
40
431
440
85
-
-
-
9,806
Totals
£
**59,755**|
|---|---|
Page 12
continued...
**ALL SAINTS GRAYSWOOD PCC**
## **Notes to the Financial Statements - continued for the Year Ended 31 December 2023**
## **8. SUPPORT COSTS - continued**
Support costs, included in the above, are as follows:
|**Finance**
**2023**
Charitable
**£**
Bank charges
**32 **
**Expenditure related to church**
**2023**
Charitable
**£**
Insurance
**2,827**
Church running expenses
**2,599**
Upkeep of Churchyard
**33,466**
Repairs and renewals
**3,099**
Depreciation of tangible fixed assets
**4,721**
**46,712**
**Governance costs**
**2023**
Charitable
**£**
Administration
**12,221**
Independent examination
**600**
Legal and professional fees
**190**
**13,011**|2022
Total
activities
£
**290**
2022
Total
activities
£
**2,735**
**3,187**
**4,013**
**34,788**
**562 **
**45,285**
2022
Total
activities
£
**11,673**
**600**
**-**
**12,273**|
|---|---|
## **9. TRUSTEES' REMUNERATION AND BENEFITS**
There were no trustees' remuneration or other benefits for the year ended 31 December 2023 nor for the year ended 31 December 2022.
## **10. STAFF COSTS**
The average number of UK-contracted employees throughout the year, calculated on a full-time equivalent basis, was:
|Administration
The costs of employing those staff were:
Wages and salaries
Social security costs
Pension costs|**2023**
**No.**
**1**
**£**
**8,736**
**4**
**-**
**£8,740**|**2022**
**No.**
1
**£**
8,086
-
-
£8,086|
|---|---|---|
Page 13
continued...
**ALL SAINTS GRAYSWOOD PCC**
**Notes to the Financial Statements - continued for the Year Ended 31 December 2023**
## **10. STAFF COSTS - continued**
No employee earned more than £60,000 per annum (2022: £Nil).
The trustees were reimbursed £3,943 (2022: £16,163) for expenses during the year.
The key management personnel of the charity comprise the trustees. The total remuneration of key management personnel during the year was £Nil (2021: £Nil).
## **11. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES**
|Unrestricted
funds
£
**INCOME AND ENDOWMENTS FROM**
Donations and legacies
210,482
Other trading activities
7,975
Investment income
1,560
**Total**
220,017
**EXPENDITURE ON**
Raising funds
311
**Charitable activities**
Charitable
102,115
**Total**
102,426
Net gains/(losses) on investments
(1,370)
**NET INCOME/(EXPENDITURE)**
116,221
**RECONCILIATION OF FUNDS**
Total funds brought forward
47,468
**TOTAL FUNDS CARRIED FORWARD**
163,689|Restricted
funds
£
-
-
-
-
-
4,874
4,874
-
(4,874)
6,924
2,050|Total
funds
£
210,482
7,975
1,560
220,017
311
106,989
107,300
(1,370)
111,347
54,392
165,739|
|---|---|---|
Page 14
continued...
**ALL SAINTS GRAYSWOOD PCC**
## **Notes to the Financial Statements - continued for the Year Ended 31 December 2023**
## **12. TANGIBLE FIXED ASSETS**
|**COST**
At 1 January 2023
Additions
At 31 December 2023
**DEPRECIATION**
At 1 January 2023
Charge for year
At 31 December 2023
**NET BOOK VALUE**
At 31 December 2023
At 31 December 2022
**13.**
**FIXED ASSET INVESTMENTS**
**MARKET VALUE**
At 1 January 2023
Revaluations
At 31 December 2023
**NET BOOK VALUE**
At 31 December 2023
At 31 December 2022|Fixtures
and
Office
fittings
equipment
Totals
£
£
£
**1,556**
**693**
**2,249**
**44,516**
**-**
**44,516**
**46,072**
**693**
**46,765**
**1,461**
**519**
**1,980**
**4,547**
**174**
**4,721**
**6,008**
**693**
**6,701 **
**40,064 **
**-**
**40,064 **
95
174
269
Listed
investments
£
**10,323**
**980**
**11,303**
**11,303**
10,323|
|---|---|
There were no investment assets outside the UK.
Page 15
continued...
**ALL SAINTS GRAYSWOOD PCC**
## **Notes to the Financial Statements - continued for the Year Ended 31 December 2023**
## **14. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR**
|Income tax recoverable
Prepayments and accrued income
**15.**
**CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR**
Other creditors
**16.**
**MOVEMENT IN FUNDS**
Net
movement
At 1.1.23
in funds
£
£
**Unrestricted funds**
General fund
**161,714**
**(33,805)**
Vicar's Discretionary Fund
**1,975**
**(100) **
**163,689**
**(33,905)**
**Restricted funds**
Reservation of Graves Fund
**2,050**
**-**
**TOTAL FUNDS**
**165,739**
**(33,905) **
Net movement in funds, included in the above are as follows:
Incoming
Resources
resources
expended
£
£
**Unrestricted funds**
General fund
**74,983**
**(109,768)**
Mission Fund
**869**
**(869)**
Vicar's Discretionary Fund
**-**
**(100) **
**75,852 **
**(110,737)**
**TOTAL FUNDS**
**75,852 **
**(110,737)**|**2023**
2022
**£**
£
**819**
2,285
**5,839**
7,453
**6,658**
9,738
**2023**
2022
**£**
£
**12,382 **
4,968
Transfers
between
At
funds
31.12.23
£
£
**2,050**
**129,959**
**-**
**1,875**
**2,050**
**131,834**
**(2,050)**
**-**
**-**
**131,834 **
Gains and
Movement
losses
in funds
£
£
**980**
**(33,805)**
**-**
**-**
**-**
**(100) **
**980**
**(33,905)**
**980**
**(33,905) **|
|---|---|
Page 16
continued...
**ALL SAINTS GRAYSWOOD PCC**
**Notes to the Financial Statements - continued for the Year Ended 31 December 2023**
## **16. MOVEMENT IN FUNDS - continued**
## **Comparatives for movement in funds**
|Net
movement
At 1.1.22
in funds
£
£
**Unrestricted funds**
General fund
46,793
116,921
Vicar's Discretionary Fund
675
(700)
47,468
116,221
**Restricted funds**
Reservation of Graves Fund
2,050
-
Clock fund
4,874
(4,874)
6,924
(4,874)
**TOTAL FUNDS**
54,392
111,347
Comparative net movement in funds, included in the above are as follows:
Incoming
Resources
resources
expended
£
£
**Unrestricted funds**
General fund
219,478
(101,187)
Mission Fund
539
(539)
Vicar's Discretionary Fund
-
(700)
220,017
(102,426)
**Restricted funds**
Clock fund
-
(4,874)
**TOTAL FUNDS**
220,017
(107,300)|Transfers
between
At
funds
31.12.22
£
£
(2,000)
161,714
2,000
1,975
-
163,689
-
2,050
-
-
-
2,050
-
165,739
Gains and
Movement
losses
in funds
£
£
(1,370)
116,921
-
-
-
(700)
(1,370)
116,221
-
(4,874)
(1,370)
111,347|
|---|---|
## **Designated Funds**
The Designated Funds represent monies set aside by the trustees to be used at their discretion. These consist of the Mission fund, from which collections for quarterly missions are paid, and the Vicar's discretionary fund for the purpose of making small grants to individuals facing hardship.
## **17. RELATED PARTY DISCLOSURES**
Aggregate donations received without conditions from trustees amounted to £XXX (2022: £XXX).
Page 17
continued...
## **ALL SAINTS GRAYSWOOD PCC**
## **Detailed Statement of Financial Activities for the Year Ended 31 December 2023**
|**INCOME AND ENDOWMENTS**
**Donations and legacies**
Planned giving
Donations
Gift aid
Collections and other giving
Mission Giving
Legacies
**Other trading activities**
Fundraising events
Fees
**Investment income**
CBF Investment Fund Income
Deposit account interest
**Total incoming resources**
**EXPENDITURE**
**Raising donations and legacies**
Fundraising events
**Charitable activities**
Diocesan Parish Share
Organist & Music
Cost of Services
Community/Ministry
Rental of Village Hall
Grants to institutions
Grants to individuals
**Ministry costs**
**Finance**
Bank charges|2023
£
**27,169**
**16,814**
**9,697**
**8,837**
**869**
**2,000**
**65,386**
**4,396**
**1,801 **
**6,197**
**309**
**3,960**
**4,269**
**75,852**
**927**
**28,460**
**1,349**
**1,801**
**1,834**
**2,647**
**13,864**
**100**
**50,055**
**32**|2022
£
29,698
6,637
8,287
9,218
619
156,023
210,482
4,432
3,543
7,975
307
1,253
1,560
220,017
311
28,022
1,244
3,863
2,370
3,036
9,806
800
49,141
290|
|---|---|---|
This page does not form part of the statutory financial statements
Page 18
**ALL SAINTS GRAYSWOOD PCC**
## **Detailed Statement of Financial Activities for the Year Ended 31 December 2023**
|**Finance**
**Expenditure Related to Church**
Insurance
Church running expenses
Upkeep of Churchyard
Repairs and renewals
Fixtures and fittings
Depreciation of office equipment
**Governance costs**
Administration
Independent examination
Legal and professional fees
Total resources expended
**Net (expenditure)/income**|2023
£
**2,827**
**2,599**
**33,466**
**3,099**
**4,547**
**174**
**46,712**
**12,221**
**600**
**190**
**13,011**
**110,737 **
**(34,885) **|2022
£
2,735
3,187
4,013
34,788
389
173
45,285
11,673
600
-
12,273
107,300
112,717|
|---|---|---|
This page does not form part of the statutory financial statements
Page 19