THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF KING CROSS, HALIFAX UNAUDITED FINANCIAL STATEMENTS 31 DECEMBER 2023 Charity registration number: 1191160 Spenser WiLson Chartered Acc(xJntants & SInesS Advisers
THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF KING CROSS, HALIFAX FINANCIAL STATEMEIYTS YEAR ENDED 31 DECEMBER 2023 PAGE Tnistees, a1Ual report Indepeiident examiner's rewrt lo the tnlstees Ststsment of financial activities Stst¢m¢nt of financial position io Notes to the financial slatements li
THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF KING CROSS, HALIFAX TRUSTII ES, ANNUAL REPORT YEAR ENDED 31 DECEMBER 2023 The tt'ustees present their report aiid the unaudited financfftal statements of the charity for the year ended 31 De¢embtr 2023. REFERENCE AND ADMINISTRATIVE DETAILS Registered eharity name The Parocliial Churcli Council of the f¢olesiastical Parish of King Cross, l-lalif¢lX Charity registration number 1191160 Principal office King Cross Vicarag¢ West Royd Avenue l-lalifax HX13NU Incumbent Rev Nigel Siimpson The Trustses Ani)e Knell (3) Christine Endea¢ott (2) Victoria Bevan (l) At]it'a Robertsl)aw Graham Foster (3) Sliaughn Bevaii {3} SecrelarylGift aid officer Mission secretary Electoryal Roll Officer Cliurchwardetl Deaneiy Synod repTC5entatÈv¢ Cliurchwarden and Deanery Syi)od representative Trcasurer Graham King (3) David Barker (l) Mary Smith Mai'y Barton-marshall {3) Joaa Purter {2) Tom Oakes (3) Mark Chatburn {3) (Died August 2023) RepreseBthtives of the Deanery Synod Gt7liam Foster Sliaughn B¢van tark Chatburn Safeguarding officer Shaughn Bevan The Parochial Church Council (PCC) of th¢ Parish of King Cr055 has th¢ rcsponsibility of co-operating with the incumbent, the Reverend Fr Nigel Stimpson, for th¢ whole mission of the church on behalf or Ihe people of tlie parish. It also has the responsibility For Inainlaining the parish church of St Paiil's and Ihe adjoining grounds. INDEPENDENT EXAMINER Mrs E A Short FCA Equitable House 55 Pcllon Lane Halifax West Yorkshire FIXI 5SP
THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF KING CROSS, HALIFAX TRUSTEES, ANNUAL REPORT l¢oitslN#ed) YEAR ENDED 31 DECEMBER 2023 STRUCTiJRI, GOVERNANCE AND MANAGEMEIYT The Benefices of St Paul's King Cross and St Anne's Souihowram were suspended following Fr Kevin Barnard's retiremtnt. However. we received notice in September 2023 that the Bishop of Leeds intended to Tevoke the suspension and that the two churches would be held in plurality With Fr Nig¢1 Siimpson as the first incumbent. The ohang¢ did not take place until l January 2024. The two churches maintain their identities ivith separat¢ services and Parochial Church Councils. St Paul's is registered As a charÈty with tlie Charity Commission on 4 September 2020. Membership ofthe PCC Members of the PCC are ¢ith¢r ex officio or are elected by the Annual Paroohial Church Meeting. Appointments and elertions ar¢ in accordance with Church Representation Rul¢s. There were 9 PCC meetings in 2023. via Zoom or in pei'son. The bclow wer¢ confirnied as members ofthe PCC from April 2023. The figures tn brackets referto th¢ remaining period of servic¢ (from the date ofthe APGM 2023) before the member resigns and stand for re-election if helshe wishes. The incumbent is usually the Ghaimian of the council. The churchwardens ar¢ ¢l¢cled anlluauy by those who attend the APGM. Deanery synod repTe5entatives are elected every three years at the APGM. AII other officers are ele¢t¢d from and by tlie Council members. There is a numb¢r of sub-committees which investigate N'arious aspects ofthe life ofth¢ church. These generally meet on an ad hoc basis and any recommendations are passed to the PCC for approval. The coFnmitte¢s are as fullows: Standing Committee This IS the only committee required by law. It comprises the irLciimb¢nt. th¢ ¢hurchwardens, the treasurer. the secretary and ttvo elected metnbers of the council, currently Christine Endeacott and Graham Foster. The committee is empoiyered to transact the biisiness of the PCC betsveen meetings. The Standing Committee m¢t on several occasions diiring the year mainly to dis¢uss issues arising from the roof project. Finance Comniittee The Standing Committee substitutes as a F.inance Committee as circumstanees dictate. Commill¢efor MAYsions Its function is to distribute money to various charities at home and abroad. The money comes from 10 per cent of our planned giving r¢¢¢tpts overthe year. The Missions S¢Gr¢tary is ¢x otricio tu]d is elected by the PCC. Hejshe siiggests to th¢ PCC which ch'It5e5 should be siipported that year. Members of the congregation are invited to put forward prop03a15 before the meeting. Christine Endeacott is the Missions Secretary. Social Commiflee This did not meet during 2023. but a series of concetts and other events were orgonised through the PCC. The Cotnmitte¢ was revived in 2023, in time for the Christmas Fayre. Lithrgv Group This group is led by ihe inciimbent. It is open to all members of the eongregtttion and its purpose is to Consider ways of Ip[oving our worship both in content and manner. It did not Jneet in 2023.
THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF KING CROSS, HALJFAX TRUSTEES, ANNUAL REPORT f YEAR ENDED 31 DECEMBER 2023 OBJECTIVES AND ACTTvrrJES The PCC is committed to Maintaining St Paul's as 8 centt'e of Anglo-Catholi¢ worship. The PCC reviews the church's regular services and suggests improvement and amendments as necessary. The PCC also encourages the use of the chui'ch and parisli room by the congr¢gation and the wider paris1COmMunIty. Social activitie4 including the monthly coffee morning (which continues to attract people from outside the regular ¢oi)gr¢galion) ar¢ open lo all and are w'idely publicised. In order to Fneet the Reeds of the congregation aiid others vsing oiir facilities, we need to maintain the fabric and ensure that the church and pls room are as welcoming as possible. ACHtEVEMENTS Af4D PERFORMATr4CE Worship and prayer Diiriftg 2023 the main seryic¢ of th¢ we¢k was the Sunday Mass. Over the year. we eased the restrictions COVID had pla¢ed on how we celebrat¢, alld by tlie gnd of the year, Iiad restored the use of th¢ high altar for ¢ommunion and the receiving of communion in two kinds for those who wished it. We retained the dtstanced forni of the Peace as itwas felt to suit the service better. There is also a said Mass on Thursd&y mornings. followed by refreshm¢nts. We were able to maintain most of our traditional services during Lent and Holy Week, alternating the main services with St Anne's. Members of both congregations were encoiiraged to attend all services wliichever cliiirch th¢y were h¢ld in, and there was a weekly devotional service on Zoom which attracted members of both congregations. In the perioKI leadtng up to Chrithas we held a Carol Service and Crib Service both of which were well ttended and attracted visitorswho are not reglilarmembers of the Congregation. We a150 held a'songs of Praise, s¢ivi¢¢ in O¢lober whichalso attracted a good congregation. Anew initiative,'Come and Sing, Choral Evensona was inlroduL¢d in July and attracted a number of singers new to St Paul's. We repeated the experience in October, and as a result, recruited a ncw incmbcr ofthc choir. As part of of ouroutreach to non-members of the usual conoregation, we Visite by Invitation of the manager, two hostetries in the parish and led cai-ol singing which was iYeLI received. At present there are 64 members on the electoral roll, 10 of whom live in the parish and 54 outside. During the year. there were no baptisms. no weddings and three funerals. We have continued lo maintain the database of email addivJses whioh w2s established in 2020 and send a weekty newsletter (the Pewsheet) to all those on the list. -I'his enables us to let members OF tlie congregation know about services and other events on a regular basis. We have an active website and a presence on social mediffj ¢sp¢cially Facebook, so anyone interested in the church and its seTvices has access to up-to-date ffinforniation. Visitors to the website can also make donations by ¢li¢king on the televant scon and for visltors to the church. ther¢ is a contactless card ma¢hine. Safeguarding is an agenda item at all PCC meetings. bul no n¢w issues were raised in 2023. Members of the PCC are encouraged to complete an onlin¢ ¢ows¢ to make sure ihey und¢rsland all the ramifications of the requirements. The Safeguarding policy is VIewed and approY¢d every year by the PCC and follow5 Diocesan guideline5. Because of the need to raise funds foi the roof w¢ liave ¢ontinu¢d a numb¢r of moDey-making v¢nlures iyhich have helped to bring the congregation closer togetl)er. Tliese inclie a monthly raffle, a'Take a Pick, raffle and the sale of cakes and craft5 made bytr and donated by, rnembers of the congregation.
THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF KING CROSS, IIALIFAX TRUSTEES, ANNUAL REPORT feonibiwed) YEAR ENDED 31 DECEMBER 2023 Degnery synod As from 23rd April 2023, three members of our Congregation sit on the Deanery Synod and report back to the PCC on matters discussed. See separate report on page Engagement WAth the community 2023 was notable for a series of Social events, mainly focussin8 on music. These events attracted people from the wider parish, not just the congregation. We also Iield two popular quiz nights and David Glover gave anothcr wcll attended talk, The monthly coffee mornings Continue to be well supported. To attract the wider parish, we lield both a Summer Fair and a Christmas Fair in church. We took part on the Yorkshire Histori¢ Churches Open Day and the church Iwas tnaDned to welcome and inform visitor5. We also produced a leafiet to help visitors enjoy the higELlight of the church and appreciat¢ their significance to our form ofworship. The Ukrninian cliiirch continii¢s to hold a monthly service at St Paul. We maintain a good relationship with Parkinson Lane SchoDI. Tile pupils make regular visits to the cliurch and Fr Nigel is a frequent visitor to the school. There is a wide raiige of books and CDS for anyone to borrow. Saint Paul's As registered &s a Fairtrad¢ Church and all te coffee and sugar used at cFkurch are Fairtrade products. Land and buildings The fabric of the church continues to be of concern, especially the roof. We fmallyj after much delay from the Diocesan Advisory Committee (DAC). received a Faculty to re-roof the church in September 2023. The PCC accepted a qiiotation for the work for £181,767 + VAT and professionp&l fees. However, the work cannot start until we have raised the necessary money. Atthe end of 2023, the roof fund stood at £1 i L,000. The PCC is approaching charitable bodies who provide grants towards prOJt5 of this kind but proor¢ss is slow. We received a Faculty for th¢ work on the organ and work began with the rernoval of the existing instrument. We have been loaned an electronic organ for use tile interim. We would like to thaDk all those volunteers who make sure that the church is clean and welcoming. We woiild also like to thank those who arrange flowers to adorn the church and tliose who work oiitside maintaining the grounds ivhich are always ath'a¢tiv¢ and receive favoiTrable cominents from th¢ congregation aiid visitors alike. The church carries out a health and safety ¢hk ¢Yery year. and any issues raised are dealt with promptly.
THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF NG CROSS, HALIFAX TRUSTEES, AF4NUAL REPORT (eoithiiutdj YEAR ENDED 31 DECEMBER 2023 DEANERY SYNOD REPORT Deanery Synod Report 2023. The year slarted off with Grkn Fost¢r and Shaugl)n Bevan ag our represmtatives for the Halifax & Calder Valley Deanery. The three meetings of this Synod during 2023 were as follows.. . March 20?3 - Hol Nativi Mixenden. Rev. Robb Sutherland, as th¢ new Area Dean, welcomed representatives to the last Deanery Synod of the current triennium and hoped that there w'ould be lols of good discussion abolit how we, as churches across the Deanery, ¢an support the work in our local schools, a subject whtch the meeting would be mainly concerned with. Robb then introduced Ruth Walker, the Chaplain at Holy Trinity and Rosemary Wright from CICS, (Christians in Calderdale Schools). both of whom would be addressing the meeting. This was ihe lajt nieeiing of ihe Triennium, andfroRn ihen on, we (Si. P(Tzfl's) were noiv pernFilled io kave ihree elecled members lo the Deanery Synod ba.fed Fleetoral Rollfigures. At our AGM, GrahuNI Fter and Shaughn Bevap7 Ivere re-elecled with Mark Chutburn being newly elecledas our ihirdinember. Jul 2023 St. Paul's Kin Cross Following the sung service to b¢gin the new triennium, the only bustness at this meeting was a proposal from Robb Sutherland, based upon th¢ prcvious discussions at tli¢ m¢¢ting in March about school's work with the Chaplain ai Trinity Academy, to plaTrt a student ¢hur¢h afi¢r th¢ school day with involvement across the Deanery. To fa¢ilitate tbis work Halifax and Calder Valley Deanery will apply for fiinding from the Bishop's D¢v¢lopment Fund and the Fainily and Social Welfare Council. This proposal was seconded by Jan¢ Evans and supported unanimously. November 23 - All Saints Skircoat Green. The guest speaker for this meeting was recently appointed Episcopal Bisliop ol Huddersfield, Smith Prasadam, where her main subject was on tlie number of children attending churchcs in thc Diocese. and how we can help to improve the poor percentage, ofwliich Bishop Smitha quoted an average figure of 0.70/& across th¢ Diocese. I wa5 happy to report to the Synod that th¢ Sunday preceding we able to record an Under 16's attendance of 201/1 0. Graham Fost¢r raised the conceming matter of how worshippers were poorly welcomed when visiting different churches across the Dcancry. A prO.eSS report w&5 given by Ruth Walker on how well things had pro8ress¢d with siipporting pupils in chlirches, including the gaining of funding. Elections for OlcerS was undertaken at this ineeting. where our own Graham Foster was eleded a5 tlie Cliair of the Halifax & Calder Valley Deanery Synod. replacing oiitgoing Jan¢ Evans who announced her retirement. Graham Foster, Mark Chatburn & Shaughn Bevan. Deaneiy Synod Representatives.
THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF KING CROSS, HALIFAX TRUSTEESI ANIWAL REPORT (co•1£) YEAR ENDED 31 DECEMBER 2023 COMmIE FOR IKISSIONS 2022 OVERSEAS MISSIONS 2023 2022 USPG 950 560 140 910 546 128 Christian Aid Leprosy Mtssion 1,650 1,584 Hol MISSIONS 2023 2022 Children's Soci¢ty Chiir¢h Amiy Community of the Reslirrection Church Homeless Fund Additional Curates Society Next Step TNst St Aiigustine's Centre Halifax Stre¢t Allgels Mission to Seafarers Bible sIety 160 loo 80 loo 220 80 iio 80 loo 80 150 75 60 75 200 60 90 60 90 60 I,iio 920 The amounts derived frotn planned giving donations only and does not Include one-off collections for sp¢cift¢ purpose5, e.g. the SyriallrniirkisEL earthquake5, Christian Aid or tlie Lent boxes. SUMLWY OF COMThLtTrKE FOR MtSSlONS ACCOUE 2023 Opening balance D¢w)sited towards 2023 giving Less paid to Charities Closing balane¢ 34 2,734 (2,760)
THE PAROCHIAL CHURCH COUNCIL OF THE LCCLESIASTICAL PARISH OF KING CROSS, HALIFAX TRUSTEES, ANNUAL REPORT r¢oth4céJ YEARENDED 31 DECEMBER 21J23 NANCIAL REVIEW Finanet In 2a23, wc paid thc Parish Sharc of £24.017 in fiill. The PCC ha% always bLcn ¢Dmmiil£d LO paying thc Parish Shjre in full bui is torccd to prioritlse tlic urgent it1r$ ro the churc12. In lin¢ with ow ¢omvumienl to 8iv¢ IOU/0 of ow. plDnncd 8IViD8 lo inr55ion ¢auses. £2,760 dislributcd as agreed by the CointiiitÈcc Ior Missions eud upprovcd bst Uic PCC. Thi& iiijt inrlvde special colleclTons. Wt also support a project rurt bsp thc USPG which oims lo proEea babie5 ITOM IIIVIATDS in TuIi£anio. This brief sunjmary ill Jio way rcprcseiJts the Cfl'ESr PUL iii by our treasurer. GrJham Kin& fBri¥hich we are vtry gratefvl. As well main(aininB the accaunts, lie has also nEgotiat¢d favourable tales for vur uiilÉti&%. The truste aiiiiual T¢POrt was opprovrd on L7.1.L{.-l•.k.(fr.. aiid 818iied oil beliulf Df the board of INste& FR f41GEL STIMPSON EnLumkni
THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF KING CROSS, HALIFAX INDEPENDENT EX4MIINERfs REPORT TO THE TRUSTEES OF THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PAIUSH OF KING CROSS, HALIFAX ( YEARENDED 31 DECEMBER 2023 I report to the trustees on my examination of the financial statements of The Parochial Church Council of the Ecclesiastical Parish of King Cross. Halifax ('the charity,) for the year ended 31 D¢¢¢mber 2023. RESPOP4SIB]LITIES AND BASIS OF REPORT As the trustees of the charity you are responsible for the preparation of th¢ financial statements in a¢¢ordance with the Tequirements of the Charities Act 2011 ('the Act,). I report in respect of rny examination of the chariry's financial statem¢nts carried out under section 145 of th¢ 2011 Act and in carrying out my examination I liave followed all the applicable Directions given by the Charity Commission under section 145(5)(b) ofthe Act. ll¥DEPENDENT EXAMllYER'S STATEMENT Since the charity's gross incom¢ exceeded £250.000 your examiner must be a member of a body listed in section 145 of the 2011 Act. I confirm that l am qualified to undertake the examination because l am a member of the Enstitut¢ of Chartered Accoun)1$ in England and Wal¢s (ICAEW). which is one of the listed bodies. J have completed my examination. T confirni that no material matters have come to my &ftention i ¢onnection with the examination giving me cause to believe that in any mat¢rial Spect. accounting records were not kept in respect of the charity as required by scctlon 130 of the Ac¢ or the financial statements do not accord withthose r¢¢ords,' or the financial statements do not comply with th¢ applicable requirements coniemiiig the foim and contsnt of ac¢ounts set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the accounts give a 'triie and faie view which is not a matter Considered as part of an independent examination. I hav¢ no concem5 and have come across no other matters in connection WAth the examination to which attention should be drawn in this report in order to enable a proper understanding of ihe accounts to be reurh¢d. Mrs E A Short FCA Independent Examiner Equitable House 55 Pellon L&ne Halifax West Yorkshire HXI 5SP 2oX
THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF KING CROSS, HALIFAX STATLI MENf OF FINANCIAL ACTIVITIES YEAR ENDED 31 DECEMBER 2023 2023 Restricted Endowm¢nt funds funds Tot41 funds Total funds 2022 Unrestricted funds Plote Income and endowments Donations and l¢ga¢ies Charitable activitie8 Other tradtiig activities Investment income 43,485 397 800 698 550,480 593,965 397 800 3,957 319,952 320 375 1,189 321,836 3,259 Total ineomE 45,380 553,739 599,119 Expenditure Expenditure on choritable activities 51.560 410.889 462,449 462,449 283,849 283.849 Total expenditure 51.560 410,889 Net income (6,180) 142,850 136,670 37,987 Trnnsfers between funds (40) 40 Other recognised gains and losses Net gains on investments Net movement in fuuds 2,023 2,023 (2,829) 35.158 (6,220) 142,890 2,023 138,693 Reconciliation of funds Total funds bTuught forward Total fumds Carried forward 9,480 64.713 21.306 95,499 60.341 3,260 207.603 23.329 234,192 95,499 The statement of financial activities includes all gains and losses recogniged in the year. All incotne and expenditure derive from continuing activities. The notes on pages 11 to 18 ftsrni part of these fillancial statements.
'rHE PAROCHIAL CHURCH COUNCTL OF THE ECCLESIASTICAL PARISH OF KING CROSS, HALIFAX STATEMENT OF FITrIANCIAL POStTION 31 DECEMBER 2023 Noit FIXED ASSETS Ini'i5tmciilS li 23J2Y 21.3U6 CURRENT ASSETS Cash at bank and in hand 21006J NET CUIiRENT ASSETS 2111063 74,193 TOTAL ASSETS LESS CURREYr LIABILITIES 234,192 9S,499 FIJNDS OF THE CHAIUTY Endowmeni funds Res(riLtcd funds UT)fcstrictcd fiJids 23,329 207,603 3.260 21,306 64,713 9,480 Total ch4rity fund8 12 234,l9Z 95,499 These financiul 5taterne£sls were approvgd by the MembeTS of the Parochial Church Council and authorised for issuc oli l7/..Ir4-Z&4F aDd gre signed on belialf of th¢ board by.. FR YIGEL STIMPSON Incumbtnt The Dotts p*gu l A to 18 partol these financlal statements. 10
THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF KING CROSS, HALIFAX NOTES TO THE FINANCIAL STATEMENTS YEAR ENDED 31 DECEMBER 2023 GENERAL INFORMATION The charity is a public ben¢fit entity and a registered charity in England and Wales and is unincorporated. The address of the principal office 15 King Cross Vicarage, West Royd Aveniie. Halifax, HXI 3NU. STATEMENT OF COMPLJANCE These ffftancial statements have been prepared in compliance with FRS 102. 'The Financial Reporting Standard applicable in ihe UK and the Republic of Irelaiid,, Ilie Statement of Recommended PctICe applicable to charities preparing ilieir accounls in a¢¢ordan¢e with the Financial Reporting Standard applicable in the UK and R¢publio of Ir¢land (FRS 102) (Charities SORP (FRS 102)) and th¢ Charities Aet 2011. ACCOUNTING POLICIES Basi5 of preparation The fmancial statements have beell prepar in accordance with the Church Accounting Regiilations 2(M)6 togetherivith applicable accounting standards and the SORP 2005. The fUn¢1&1 statements have been prepared under Éhe historical cost convention except for the valuation of investment assets, which are shoivn at M.ket value. The financial statements include all transactions assets and liabilities for whicli the PCC is responsible in law Going eoncern There ar¢ no matertal uncertainties about the charity'5 ability to continue. Judgements and key sources of estiTnation uncertainty Th¢ preparation of the financial statements requires management to make jiidgem¢nts, estimates and as511mptions that affect the avnountb reported. These esliinates and judgements are continually reviewed and are based on experience and other factors. including expectations of future events that are believed to be reasonable under the circumstsnces. li
PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF KING CROSS, HALIFAX NOTES TO THE FINANCIAL STATEMENTS (NI11ed) YEAR ENDED 31 DECFMBER 2023 ACCOUNTING POLICIES (tsnilwie Fund accoullling Unrestricted funds are available for use atthe discretionofthe truste¢5 tofurther any of the charity's purposes. Endowment funds are fund4 the capitsl of wliich must be maintatned.. only income arising from investments of tlie endowment may be used either as restricted or iinrestricted funds depending upon the purpos¢ for which the endowTnent was established. Reslri¢ted funds represent incojne from trusts or endowments which may be expended only on thos¢ reslri¢t¢d objects provided in the tern of the trust or bequest and donations received for a 5p¢¢ific object or invited by the PCC for & specifio object. The funds may only be expended on the specific object for which they were giveii. Any balance r¢maining unspent at the end of each ye&r must be carried ftirward as a balance that fund. The PCC does T]Ot invest separatel) for eaoh fund and because of its materiality and diificlllty in undertaking thc exercisc interest is not APPQrtioned to each indivkdual fid. Resollrees expended Grants and donations are accounted for wh¢n paid over, The dio¢¥san comTnon fund is accounted for when paid. All other expenditure is generally recognised when it is incurred and is accoiinted for gross. Investmellts Unlisted equity investments are initially recorded at cost, and subscquently measured at fair value. If fair value cannot be reliably measured. assets ar¢ measured at cost less impainnent. Listed investments are measured at fairvaluewith changes in fairvalue being recognised in in¢om¢ or expenditUT¢. Financial instrumeuts Th¢ Gharity only has financial assets alld fmancial liabilili¢s of a kind that qualify as basic finan¢ial instrum¢nts. Basi¢ financial instruments are initially r¢cognised at transaction valLie and subsequently measured at thcir scttlement value with the ¢xception of bank loans which are subsequently measured at amortised cost using th¢ eff¢¢tive interest method. 12
THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF KIIYG CROSS, HALIFAX NOTES TO THE FINANCIAL STATEMENTS (ctsnrfttue YEAR ENDED 31 DECEMBER 2023 DONATIONS ATrID LEGACIES Unrestricted Restrioted Total Funds Funds Funds 2023 DONATIOTrIS Planned giving. Coll¢L4ions and other giving Misccllan¢ous gift aid VAT clai Donatiolls Income tax recovered New organ project InsuranLe claims 19.590 3,440 4,443 683 7,645 7,684 19,590 3,440 10,435 88,109 43,001 15,899 401,900 1,094 5,992 87,426 35,356 8,215 401,900 1,094 LEGACIES Legacics 3,747 3,747 CRANts Grants 6,750 550,480 6,750 43,485 593,965 Unrestricted Funds Restricted Total Funds Funds 2022 DONATIONS PlanNed giving Collections and other giving MiscellaneoLi8 gift 8id VAT claim DonAtions Income tax recovered New organ proje¢¢ Insurance claims 21,518 2.203 1,764 2,057 3.594 2,314 21,518 2,203 32,795 2,057 232,236 10.073 31,031 228,642 7,759 LEGACIES Legacie5 GRANTS Grants 19,070 19.070 52.520 267,432 319,952 13
THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISII OF KING CROSS, HALIFAX NOTES TO THE FIIYANCIAL STATEMENTS (collrtliiugrf) YEAR ENDED 31 DECEMBER 2023 CHARITABLE ACTIVIT]ES Unrestricted Total Fund5 Unrestricted Total Funds Funds 2023 Funds 2022 Fees 397 397 320 320 OTHER TRADING ACTIVITIES Unrestricted Total Funds Unrestrict¢d Totai Funds Funds 2023 Funds 2022 Hire of Parish rooms 800 800 375 YVESTMENT INCOME Unrestrict¢d Funds Restricted Total Funds Funds 2023 CBF deposit fund Bank interest Dividends (CBF investment fund) 3,259 3259 60 638 60 638 698 3,259 3,957 Unrestricted Funds Reslricted Total Funds Funds 2022 CBF deposit fvnd Bank inlercst Dividends (CBF investment fiind) 81 54 634 420 501 54 634 769 420 1,189 14
THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF KING CROSS, HALIFAX NOTES TO THE FINANCIAL STATEMENTS fconrfNuEd) YEAR ENDED 31 DECEMBER 2023 EXPENDITURE ON CHAIUTABLE ACTIVITIES BY FUND TYPE Unre5triLted Funds Restricted Total Fllnds Funds 2023 Diocesan parish contribution Church running ¢xpeiises Clcrgy cxpcnscs Cost of services Building maintsnance ArchitecLISurveyor fees Priiiting atLd stationery Extra charity donations Committce for Mlssions Bank charges Wedding and funeral fees New organ project 24,017 15,174 1,134 2,952 2,897 24,017 15,174 1,134 2,952 2097 8,910 1,034 1543 2,560 168 160 401,900 8.910 1,034 1.543 2,560 89 160 79 401.900 51.560 410.889 462.449 Unrestricted Fund8 Restricted Total Funds Fund5 2022 Diocesan parish contribution Church rLinning expense8 Clergy expenses Cost of services Building maintenance Major repair5 ArchitecLISurveyor fees Printinu and stationery Extra charity donations Committee for Missions Bank charge5 Wedding and funeral fees New orgaT] project 2L.137 14,864 1.226 2,782 4,264 9.510 21.137 14.864 1,226 2.782 4,828 9,510 690 519 1,891 2.734 149 240 223,279 283,849 564 690 519 1.891 2,734 149 240 223.279 59,316 224.533 IIYDEPEIYDENT EXALIIINATION FEES 2023 2022 Fe¢5 payable to the independent exaaller for: Indep¢ndent examination of the financial statements 220 180 15
THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF KING CROSS, HALIFAX NOTES TO THE FINANCIAL STATE1ElyTs (conrlnued) YEAR ENDED 31 DECEMBER 2023 10. PAROCHIAL CHURCH COUNCIL RELWIUNEIiATION AND EXPENSES An honorarium of £1,980 wa5 paid to one of the members of the PCC for their s¢rvices 8s organist and choir master. No other remuneration or benefits froin employmentwith lh¢ church or a related eT]tity were Teceived by the PCC. 11. LYVESTIWIEf4TS The CBF Cburch of England Investment Fund Cost or i?luatioM At l January 2023 Additions Fair value movements 21,306 2,023 At 31 Decen)ber 2023 23 J29 Impairmeut At I January 2023 and 31 Deeember 2023 Carrying amount At 31 December 2023 23229 At JI December 2022 21,306 All investments shown above &re held at valuation. 12. ANALYSIS OF CIL4RITABLE FUNDS Unrestri¢ted fund5 At l Jan 2023 Gains and At losses 31 Dee 2023 Ineome Expenditure Transfers General funds 9,480 45,380 (51.560) (40) 3260 At l Jan 2022 Gains and 105ses 31 Dec 2022 Income Expendilure Transfers General funds 14,912 53.984 (59J16) {100) 9,480 16
THE PAROCHIAL CItURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF IaNG CROSS, HALIFAX NOTES TO THE FINANCIAL STATE1 IYTS (coniin¥erf) YEAR ENDED 31 DECEMBER 2023 12. ANALYSIS OF CHAIUTABLE FUTrU)S (collllAtsE Restricted fullds At l Jan 2023 Gain5 and At losses 31 Dec 2023 Income Expenditure Transftrs Orgafk fund Heating fiind New Roof Fund Organ projeot 1,670 l8,849 44,094 100 1,740 19,439 98,918 87,506 590 63,753 489.326 (8,929) (401,960) (410.889) 40 64,713 553,739 40 207,603 At l Jan 2022 Gains 2nd At losses 31 Dec 2022 Income Expendittire Transfers Organ fund Heating fund New Roof Fund Organ project 2,206 18,672 416 28 177 44,368 (690) 223,279 (223,279) 267,852 (224,533) (564) 1,670 18,849 44.094 100 100 21,294 100 64,713 Endowment funds At l Jan 2023 Gains and At losses 31 De¢ 2023 Income Expenditure Transfers CBF share investment fund 21,306 2,023 23?29 At l JaTh 2022 Gains and Al losses 31 Dec 2022 Income Expenditure Transfers CBF share iuvestment fund 24,135 (2,829) 21,306 17
THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF KIY4G CROSS, HALIFAX NOTES TO THE FINANCIAL STATEMENTS (eottiiiimtdj YEAR ENDED 31 DECEMBER 2023 13, ANALYSIS OF NET ASSETS BETMIEEN FUNDS Unrestricted Fiinds Restricted Endowment Total Funds Fund5 Funds 2023 Investments Currenl assets 23,329 23 J29 210,803 3260 3,260 207.603 Net assets 207,603 23.329 234,192 Unrestricted Funds Restricted Endowment Total Funds Fiinds Fund5 2022 Investments Current assets 21,306 21J06 74,193 9.480 9,480 64,713 64,713 Net assets 21,306 95,499 18