## **THE PAROCHIAL CHURCH COUNCIL OF HARNHAM: ST GEORGE AND ALL SAINTS (Registered Charity: 1193766)** ## **ANNUAL REPORT AND UNAUDITED ACCOUNTS FOR THE YEAR ENDED 31 DECEMBER 2023** ## **Contents** Page - 1 - 4 Report of the Parochial Church Council 5 Independent Examiner's Report 6 Statement of Financial Activities 7 Balance Sheet - 8-13 Notes to the Accounts ## **Churches:** St George's Church, Lower Street, West Harnham, Salisbury, SP2 8EZ All Saints Church, Harnham Road, East Harnham, Salisbury, SP2 8JH ## **Hall and Parish Office (address for correspondence):** St George's Parish Hall, Lower Street, West Harnham, Salisbury, SP2 8EY ## **Clergy:** Reverend Rebecca Roberts (Vicar) Reverend Julian Poppleton (Assistant Priest) Reverend Mike Badger (Curate) ## **Bankers:** Lloyds Bank plc, 38 Blue Boar Row, Salisbury, SP1 1DB Central Board of Finance of the Church of England, One Angel Lane, London EC4R 3AB ## **Independent Examiner:** Vicki Poole, 18 St Georges Road, Salisbury, SP2 8LU ## **Parish Secretary& Website Administrator:** Linda Baker (07925 108856, harnhamparish@BTinternet.com) THE PAROCHIAL CHLRCH COUNCIL OF HARNHAM: ST GEORGE AND ALL SA[￿Ts ANNLAL REPORT FOR THE YEAR E￿DED 31 DECEi%IBER2023 STATL TORY DISCLOSURES Members and Otri¢¢rs tbf th¢ PCC MLinbLr% lif the PCC aTL LiihLf LX ￿￿1¢10 or ele¢i¢d by the Artnllal Pati*hial ChurLh Meeiing IAPCMI held on 21 May 2U23 or in LarliLf yLars iii accordance wilh IhL Church Rcpresenthiion Rules. The folli)wing persons *rved on Ihe KC during ihe year.. Clergy Reverend Rebecca Roberts (Vicar) * Reverend Julian Poppleion1.45515tani Priesl) # Revere]￿ Mike BadgerlCurn*} # Churrhw¥rdeD All Inis, L'hiir¢h.. MT R Salkeld # St GeoTge'5 Church.. Mr C Woodd # DesnervlDlotesan 8ynod Represtntatlves Mr N Turpin Mr% K Cader El¢¢t¢d memb¢rs until APCM 2023 uniil APC%12024 uniil AP('M 2n25 uniil AP('M 2026 Mrs E Wilson Mrq D Mwq%cllwliiic l)r K Ma%h Mrs J Hrowmll fvlrs J Wesi Mr5 F. Wil¥on Mr l HO￿aY RIP 2024 MTS J C'a Offl¢ers Chair 'icLQhair S¢¥r¢iary TrLasurcr Reverend Rebecco Roberts Mr LhaTlc.¥ I1,￿dd Mrs Linda B2k¢r Vacani frojn 21 May ?023. Mrs J SC￿1 I appoinicd 10 April 2024 mcmbcr ofsiandin8 Commii*e Thc PL'C met 5 time5 during ihc ycar including APC-M. B¢N'een inccting5 It opcralc5 IhTough its Standing C.ommiltc¢. It has 3P]K>intcd i*QTking group5 or 5ubrfommitt¢cs foT Lcflain I￿ks. Thc Standing i?mmiit¢¢ Ll th¢ i?nly IximmLtt¢¢' rtyuir¢d by lai%". It io tr￿n￿LI th¢ busin¢s5 of th¢ PCC b¢tw¢¢n ils meetings, subjeLI lo any direciiorns given by the PCC. Churchwardens and Officers att¢lld training sessions held b). the Diocese. Other mernbeT5 of the PCC are cncouragcd to attcnd cour5¢5 from ¢im¢ to timc. arrording ro IhciT PCTSonal nceds and iiitcrcsts. Thc PCC inten(l$ 10 ddopi a fomial training r¢￿1￿. Churctl Attendance There were 15U name5 on our Electoral Roll ai the la51 Annual.Meeting in April ?U23 of whom 7 lived outside the p￿]5￿. The tlexi Eler¢oral Roll ievi51011 15 ￿0￿(1￿ May 2024. Lletw¢¢n 40 and 60 r¢gulaTly ￿0p1¢ attend our two chuiches every week. Up ¢0 16 [￿e7ve rominunion at hotne wih tnany Jnore attending (Trur mnnthly Me%4y c.hurch WEII fiervice% at (he local PTirnary ￿11￿01. Where p)ssible we live siredm special sen ILes on YollTube'. htips'."wry￿u'.yolliube.eon￿Chdntse1luc9v2rr-_ r5MQuOOnbtVR12Q where we have 911 subscribers. During the y¢aT there were 5 Bapli5Ttk4. I weddin& 4 funera15 arml 18 butial of ashe5. Page 1 THF. PAROCHIAI. C.HIJRC.H C.OlThCVt. OF HARNHAM.. ST GEORGE AYD ALL s.41￿￿s AN￿UAl, REPORT FOR THE I-EAR ENDED 31 DECENIBER 1023 leo￿tl￿lled) FIYAYCE REI'VEW The PAThwbial churCbC(x￿￿1I ofiiarnb8m.' Si Georgeand All S&inis{the"PCC-I presents its rcrrtNtS a￿1 aetowjts for the year ended 31 De¢¢n4)er 2023. STRUCTLRF.. GOVF.R%ANCF. AID hlANAGF.￿IF_￿T The PCC. which is in th¢ Di￿¢S¢ of Saliskny. is part of the Cbur¢h of England was ￿bI1￿ClI by the P8nKhial Church Council's IPowcrs1 Nlrasurc IY50. as atM)dcd the C'huTch RLyrCx￿thTi0￿ Kule5lconwined In Scwulc 3 to thc Synodical GoNernTneni Mea%ure 19fi9. amended). Ir is a chanry (Number 11937661 rcws*Ted wiih the Challry CoTnmis%ion. Ttgwlutcd by the Chi1riiies Acr ?01 I whKh requires the PCC to rerth to its congregaiion and thepubli¢ ￿ large. PCC Jjth are Tnjstees of the Charily. Th¢ PCC ts a PubliL Il¢Jiefil Eiitiiy •y in FRS 102. SUMMARY The AlL￿U￿15 show ihJt ihepariyh had a w¢rnl defJ¥ii ￿r£S.557¢2022.. Ikfi¢ii of L13.7501. This¢x¥lud¢s ihe impdLY ul'ilie rrn'•luaiion of Invulm￿￿is and on Frc¢hold pTh)PLYty. ThcovLYg11 gLYLer•l fuftd dcficii ￿.1$ £1O.405 12022. dcficii nf £4.868 after ￿JU￿11￿B for Hall ¢apiT*listyJ expendilurt in th¢gtheral futyjl. Th¢ result5 for the y¢or¢Dn b¢ 5u]rA￿$¢d follows.. Ilw¢*•rtd Totyl J)23 Re#rC)￿ Tntsl 2022 Fwwj IM'iiwtiny re*(bLfLC8 RL'.%iiufL¢> cxp¢r¥Jed (kni'r#¢in￿{[kIIIkIlI 15urplus LxiLpiiunal Hdll'frartsliirTrrtLion 137.361 141.17? 15.7bl 24.120 11.09 13.0?2 35.N87 147.37n 139494 7.Y75 124919 7.•61 224 5.$37 467 X.4¥0 Y.177 314 21.440 N¢1 ¢kK¢nAe in In Ye ar 10.4QS 89 134857 129.49fi -17h fi92 PQI.ICY ON RF.SF.RI'F.S The P('(' retain5 A rnn8e of unreMrirrLxi. T¢sm¢￿j and cndowNthr futyJ5 ￿"hich llredts¢riW in note5 9 70 1 110 the finAncial 51aIcmL￿ts. Thc 8enLYal rcservc fund is heid ￿ cover the PCC sday ￿ dayaciivirJLS. In light of guidance from the Church of InBland and the Chanty CommL&SiOTh. the PCC liai'e a rescTho% wlicy of 3 Months recurrillg kvbL5. vr £411.IKIII. vurr¢ntly t¢ing prv%"i(l¥xl by th¢ fvr r¢pair5 & iiryjrVw￿j￿￿n th¢ C'hurLhts. Ai lh¢ ¥id vf 2112.1, Ihe PRri5h Gett¢tul Rc5mT io i d¢fKii ofiio.404 with no fi￿h¢r re5etVS5orwotking ￿pI¢ll1. Thi5 hgs led Io 11 PrnCllf4i1 C11 sh deficit olapproxima*ly £40.IMI. The PCC ￿111 endeai'ourio remed> ihi5 by general fundraising. a Te>iew ofpar15h dcci51011 Inakiii priorit1*4 dnd Iiiiyncial control%. Thjs knill inilude new expendiiure a dthailed ￿nUal budgd wjtli Lilsi s&vin¥* and Iniliine rBLL%. tkl¥L%hLf WLth I thrth. yLxr plart tiTrattL*npt kn b(xk%t unrE¥triL'td fund* Page 2 THE PARoCH￿L CHLRCH COLNCIL OF HARNHAIM: ST GE.QRGF..￿￿D AI.1. SAlhTS ANTr4l'..4L REPORT FOR THE I'EAR ENDED 31 DECENIBER 2023 (CDDtinuedl POLICY ON REsER1￿s Tb¢ FfttxJs' attdAll Chur¢b¢s App¢aJ t¢soV¢¥a¢atswA￿tS s¢i to￿1￿¢1)¥¢¢f￿TV1r#tsd itiwovenjthtof both ¢hur¢bes Both re%erve% were creatrd in 2(M>.5 a￿1 were ￿r4d in ?0?.3 tybfAyfw Withwa￿j Suueri￿g￿H1Ts and ai StG￿rge%. A¢ the d of 2023 Ihc %'&lue of thc FrIL￿d% fund M'as £?8.892. The P(C intends ￿ make its appnwch ioihe of ILS reseThYs iThxe conmwive bji consis*m ￿1th the requir￿￿e￿I ¢0 fund its Jvtlvllii￿ Iv Ils VjSjLH). Th¥']x>lii) is t¥￿'l¢Wry1Wh >vrai ufuppTuvin¥ th¥ finMn¥illl mANAGEME￿T OF RISK The PCC coNtinue6 io iikniify a￿1 manage the risks %'hich anse frThn itsday xiiiryiies. Ibe PCC iryews those risks under the he&dirt￿ (Jf Eoi'ernarte. i)peraiithnal. fJfJanci•I Èxtemal re8uL•wry Arenb ol'risk. £Lre brought ioihe Aiieniion of the PCC for r￿.1th￿ Ls pan of ihesiandin8 oirriheytar and Any ch&nBes wutr&l arc minu￿d hnd aLtl<￿Cd. Thc D￿JOr ar¢a5 ￿ thc f(Ka¥L4idcWaii￿J aTC thc followi￿ Annual ￿￿¥¢1 and YUar￿lY r¢wxLin8 Bank ndniL .X[￿rt￿r Ju1htsri￿ poliiy FillanLc puIiLy Insurance polici¢s Saf¥8UArdinBof ¢hiklr¢n iwkn¢rabk adulLS .%AFTr.'r.ilAR1)i￿r. 'rhe P(C' hllve r¢ceivcd rtgu￿ruPJ*cS (mm thesafeBuardiTh8oIf￿us and ihe *am have kn workin8 awaythiing chLYk%. Wc pul a Iiiik u>iMJr I￿￿ Pan*th W&i1¢w￿ L'hurLh IMMJLd¥w￿ W¢wK' Ihui thL' ImWrt4llLL' ill bL'iIi¥ und DLti¥c in this&rLX 1$ Vit41 ftt as J church cOmm￿l￿Oft¢￿ workin¥ WiLh ￿h0 vulncrdblL' 111 mllny wuy INVESTMENT POLICY ThL piiliiy ol'ilie KC. lia% ir* invttt %llTplu% in knw•rihk in￿¢St I￿rin61 lni'e%u￿￿WhiCfr pmvide flexibility wiih()ui and r¢sin¢￿d fund4 held for IM8er wm) ¢xrthJiwr¢ ￿'17h CCLA I￿V￿m￿￿1 MJnJg¢m¢ni Lid Inv¢stin¢ni Fund The markot nf Ini'esimtni% llt 11 1)¢cW￿r 2023 £10%.%11*0?2. E96.7K41. In ih¢ Pati$h Arcwnts f(K 201 J. An unrthli% gain of£y.177 120??: loss of £?1.4461 isshm4'n In ihe SMicm¢iii of F¢TrarKial Aciii'¢ijLS. THE FUTLRE 2024. Ihc PCC will ￿￿11￿11¢10￿pplY fu￿ in li￿ thc Visi￿. nomcty. To kn(pw JC5U%¥￿j to m•k¢ him ¢v(Yyday. A bud¥¢g Prorm￿ln8 thi5 Put to th¢ PCC nKthin¥ on ?1 Nlay 2024 and apprt￿rd. Okmll it Is a blldgci ￿'lik a surplus or £5.h71 on Ihe 8en¢FpI plu5 n¢1 capilal ¢XPe￿j1￿r¢ ro be fron) re5tyK*d funds budwed ai £2.037. glVlllB 3 nei su￿]￿5 of 3.634. The budw h&% been prepared inllllding £15.(MN) Iyv¢r ihe l¥"I twn years the* have ￿￿Er￿ge of£io,(KXII as wcll A5 proN'id1ng a mid c48¢ forcoMs and o'cnis hcklduring ih¢ prriThl. Thc ihrcc co&1 licadi￿85 (Parish Sharc. enttgy for htat and IiBht 3￿0[CA￿a1￿￿e. BUDGET SUNI.MARY T,IBLK B￿lts￿Lfr￿r 1024 Trfal 2023 F￿￿14 Fu 2024 74.hlm 7T.11*5 ..'55 171.93111 7t).071 .'2.NlJ udKr (*vatbryMwpliTr.' Id¢ficill j.hm NL.ILTrwy in in 3.634 13.489 FwA1balarLeaietslol I979LI 276801 P8g8 3 TIIE PAROCIIIAL C7tiERCH COUP4CIL OF HAIU¥HAM.. ST GEORGE LNDAII SAINtS ANNUAL RKPORT FOR THE VKAIi 31 DECZMBKIiI• Icowtirtu¢d} TXUSTEES RLSPON51bllJTIE6 sfATEMeFn Th¢ law oppliMbl¢ to ¢knritix tn En￿*￿d Walts tht io ryyjare fina￿181 f(Ye4ch fIn￿rIal yw whicb SI￿ A fair view of ts cbuity'¥ 4uiviries duriu8& YLW ofit¥ fiD￿￿t tthiti¢)n at th¢4￿ of the ye4r. Th¢ Tr￿tte& mFthxibl¢ ff*kecpiD8X(Lxullim8 r¢wrds wbichdiKkn¢ wrtb ￿l￿b]e fiDanci*I w4tison of thc ¢h*ri¢y, TA4i¢b t￿￿ pcrfiiion Of th• chlrtty. whirhettAble iht¥n th C￿4￿re the fin￿￿111 >tsltmtnt8 ¢c¥nply with Jpplie•ble rtBU1th￿s. Tbe rw(wibie for sllfyrdi08 tht4w¢tyrfth dthrity ATr1 sty tt¢ ¢tr*wryentioii TheAtwu*I by￿ Pcf ￿ 23MAy 2024 0￿j iip*J w theirbeh￿fty. R Robertf C Woodd Viuf And Ch•ir Page 4 THE PAROCHJAL CIlL￿cK1 COUNCIL OF HAILNHAM: ST CEORCE AND ALL SAINTS INDEPENDENT EL4MIT4ER'S REPORT FOR THE YEAR ENDED 31 DLCEII IVIER 2023 endd 31 2023. whicll ar¢ yet pages 6 to 13. Thi8 reporE 18 Xsl¢lyto the Charity's TnJs*es. 9s a Idy. in 2tcNdance with sectioo 154 of the Ch8n"tie5 Act 2011. My examination h4s beo UIHkrt￿e￿ eo th&t I mighi to the ChNTity'$ TrustCC5 thx¢ rnAtteTS I am rtquired to $tAte tothem in *n indtptndtnt VAamÈther's rewt ond fw no L*her PUryAX. Tothc fullesi eKtrni permÉt*d by law, l (k) not a¢cept or a55UnK r¢swnsibdiry to 4w)vn¢ other thall the Charityaud tbe Clwity's Tryttrts Is a Ixdy. ftymy inL*%ndeM examination, flx ¢hi8 rcrrf or torthe I havc fom* Kup¢rtlv¢ r¢¥Pun￿lI&llr5 euthl#er Th¢ Chtirity'8TtiJsrces ar¢ r¢spotssibk for th prep￿t￿of the Th¢ ￿rity'S Trusre¢s ¢m8iderEo I￿j11 i3 qUiTed for this Sw under 1412) of the Clwi¢ies A¢t 2011 (the 201 l A¢t) and that ￿ irtdewthnt t￿nUnItioll Is li is thyrtspollsiThiliry Ip.. examlne the acc(Amts 145 201 I A sects.on 1451SXbl ofthe 2011 A¢L aThJ to Otate whetherparticul4T m8tters hve eune to rny *ll•lliciL ofltsdtpelldtni euwlD¢f'• TepDrt My exalwnaiion wa5 CaTrkd oui th Attcrdllnce wtth th¢ Orn¢rd] DuYciL￿w by th¢ el￿1tyc0Mtill$YioNCTs. An exthintttion ill¢lude8 1 re￿ of the DC¢O￿ting T¢¢ord5 kqx bv the Cbarity •nd a of the gcrounts present¢d with thos¢ Tr¢ord8. It &lao incltha ¢(fflsid¢rxtioh of Any utmjsul items or discl(￿re5 in thc 8¢¢ounts and seeking ¢xplanatÈ(xJs from you is Tn￿￿e$ ¢ffjcerning such ￿1￿$. The Pr￿d￿r¢S p￿￿de all the cvid¢nce thil would be required in ￿ audit And Lyinirn i• 8tv¢n the uc44)wJll Prtpent o'true And f4kr In ¢¢ratioii 729 97.767 2J.534 2,540 106.383 23.534 4.127 Y.616 17.444 Toiul Ni)t¢4 143.122 11.098 116J29 139.495 NF.T IOUT¢.OINC¥l I INCOMIliC. RF.SOURCF.-4 N￿￿. 6 IS761 224 IJA122 467 1116.J291 11119.06¥1 ¥.4X6 7.87.$ {21.446J (5.537 11.4x9 (lQ7.X41Tr 199.8911 {13.571} Ilall Iran%fryr LI. LUIiKLNT ASSETS 19,862 I2￿30 08.737 110.530 Lui: AnwuJJn do• ift¢r ouyur 3.146 TOTAL NET ASSETS 27WJ 376.692 Repruenlin8." ENDOWED FUNDS 197,982 129,496 RESTRICTED VVNDS io 892 134,R57 UNRESTRICTED FUNDS -10,405 112,339 TOTAL VVNDS 2748•1 37&692 Th¢ i¢¢ounts were approved I￿￿ auth￿l¥¢d fw i&su¢ byth¢ PCC on z1 May 2024 aTrJ were sipjjed on th¢irbdJ4lf by.. R Roberts Vi¢2r attd Chair c.wwdd LtLllrch￿.ar￿￿ •rAI Victrchair Page 7 THF. PAROCHV AL CHURCH COLThCIL OF HARNHAM.. ST GEORGE ALL SJllNTS N(yrF.S TO THF_ I1￿.￿[T￿1TF.D plCC.01-NTS FOR THF. YFAR F.NDF.D 11 DF.CF.JllBFR 202J I. ACCOITNTING POLICIES l. I Chanry infomiation Harnham Si Gcorgc and All Saints Parochial Church Council lthc'PCC'I is a chantj Tcgistcrcd Ino. 11937661 wilh Ihc C h￿rity C'amtlli44ion and a part of the Church of England ¢stsblished bythe P8rochial Church Council's (Powers) Mea%ure IY56 atThended by the LhurLh representstiun rules. 1.2 ALLiiiintin¥ C'.on%eniion The financial qlalenKnis hav¢ b¢¢Th prepared in accordanc¢ wilh ihe PaT(Khial ChuTclI Council'% governing docum¢nl. th¢ Charili¢s Act 2011 and the Siai¢rll¢nt of R¢coJTun¢nd¢d Prncti¢¢.' -Acrounting and R¢portiii¥ by ChaTili¢s pr¢parin their a¢tounis in actordant¢ wilh the FinaTh¢ial RepunitL8 Siandard applicable itl the UK tsnd R¢publi¢ of Ireland IFRS 1021 IctTLciive l January ?0191" The PCC Is & Publie Eltnefii r.niity as defined In FRS 102. Th¢ PCC has 3dvanlag¢ orth¢ PTDvisions ITh th¢ SORP forrhoriti¢s applying FRS 102 Updalc Bull¢lin I not ¢0 prL'parL' a SidiLmLmi of Cash Flows. 'lTh¢ linunLiJl 4lJlLtnLni* huvi b¥¥n pr¥twLd urLd¥'r hi%lvriial (￿n￿ntI￿n, ITMxlifi¢d w inLludL Ihi rnvuluuliun vr inv¢sim¢nis and Fr¢¢hold Property. The prin¢ipl I¢¢(￿lIng poli¢its ar¢ sd oui b¢low. 1,3 Goin¥ C'on¢¢rn At th¢ lim¢ of dpproving lh¢ finan¢ikl $tai¢m¢nts. lh¢ PCC m¢mb¢rs hs%'¢ a r¢ssonttbl¢ ¢xp¢¢i&tion ihgt th¢ PCC has idcq1i￿?1¢ regoLifcLS 10 continue in optraiional cxi%iencc for the foreseeable fuwre. Thus the PCC membeN coniinuc 10 adr)pi the going concern basis of accounting in prepanng the finoncial staiements. 1.4 1'hdriLLhlL' fund '1Th¢ 4LIVWIts irti¥t's Punsli Hall Freehold Propeny has been broughi inio accouni ai a valuation by ihe Tn￿IttS. Oiber irtngible asseis ￿.)[[ be capiiHlised if theirc&rrying VAlue is supJx)ned by income and Iheir cosi is L)Ner £l.000. Other IAngJible fixed asser5 ire irtilially measur¢xl ai cosi &rtd subsequertily measured ai Cosr nei of depreciation i?nd ImpairmLni losses. Deprtciaiion is recognised so as ts) wnit otTihL eosi ofasscts less thiir residual i'alucs oil a sirai¥hi line basiq over their us¢ful lives13 to 20 ￿&[￿) The gtain or loss arisinB on Ihe disposal of an is deiemiined *$ the differtnee between the sale proceeds and Ihe Larrying valuL of thi &¥StI. and is rcLogniscd in thL stsiemeni of finsncisl SCli%iiics. 1.% FIXLMI &*%ei inve%imtni ixed a%%ei in%e%lIneniy are iniiially measured ai trat)SaLllOn pfiLe excluding transaciion costs, and are subsequently iiieabured ai fair value ar each reporting dale. Clianges in fair value are recognised In nei incomellexpendiiurel for the year. Transaction costs arc expcnscs as in¢u￿¢d. 1.9 Ca%h and cabh cqiii%'alcnts C'a¥h and LL¥h e4ui%'alLnis include cash in hand. dcposiis held ai c811 with binks. other shon-ierm liquid invesiinenis with L)fibTinal maiuriiiets ufihrce munihs ur less. 1.10 Finaniidl In%irumeni.s Ilie P('C liab elected 10 apply ihe provisions of Section I I 'Basic Find￿111 In5￿ments. and Section 12 '0iher Financial Inblrumenlb Isbues. of FRS102 10 all of Its flnancial insirum¢nts. rinJncial In4inirncnis arc rccogniscd in Ihc PCC'S balanc¢ 5h¢th whcn ihc PCC bccomcs party w ihc contractual provisions of rhc instrum¢nt. Bosic financial abicls FIJyiL financigl asscl.s. w'hich inclu￿5 dibiors and ¢4￿h and bunk bolanccs. Jr¢ iniliJlly ffliasurcd ul ITansaclioii pricc inrluding Iransaclion r05ts and 5ub5cqu¢nilv rarrid al atnotri5d cosls usiiig ihc CIT￿liV¢ inlcrcst nictliod uiilcss ihc atrangement constilures a financins ITansaclion. where the Itansacrion is nk&suTed al the pteseni i.alue of Ilie future receipts di5¢011nied ai a market rate of ikn*r¢st. financial asseis classified &% receitrable within one year are not aii)Ortised. Ba%ic finartcial liRbilitjCs. including crcdilot5 atc initiallv rCcO￿lIsed at tsHnsRctiort PTiCC unlcs5 thc &nRngcmcrtt LunsiitulLS a finattLithg trdnsdLlioth, ￿"here the debi Insinjmertl is measured ai the present i'alue of the futurL' Pdyments disiounied ai a Mdrk￿ rdie of interes1. FINniidl liakn.liiies ab Pdydble wiihin one year &re nut dmun1bed. "ITade ctediiots are obligiations to pay foigo(Kl 01 5etviees thai haTrr been acquiied in the ordinary course of operntions from suppliers. Amounis paydble are classified as curret)I liabililies if paymeni is due wiihin one year or less. Ifnoi, Ihey are presenied as non-curreni liabiliiies. Trade crediiors are recognised iniiially a¢ rrdnsaciion price and subs¢quenily mcasurcd at amoniscd c05t Using thc cff¢ciiYc intCTW m¢th￿. l. I l Dcrtyognjiion orrjnaneial Iiabiliiics Financial liabililies are derecokwised when Ihe PCC'S eoniraciual obligaiions expire orare discharyed orcancelled. Page 9 TTrITr' PAROC11141. CIILIRCII COIIYCII.OF H.IRNH.INI.. ST GEORGE.(￿D.￿LL SAINTS OTES TOTHE ACCOI.STS IcDntinlltdl FOR THF. I'F.AR F.NDF.D.11 DF.CF.IIRF.R IOIJ 2. CRITICAL.tCCOUNTINC ESTJ%IATES.IYDJLDGEMEliT8 tts the wFliiatiiJrtvl'the PCL J XLLKIIll￿bPv1Kic¥ the P(( mthDlxtS"4Je rtAu￿ Judb*Jtsenis. tslirnui¢s and￿￿t￿pL￿7￿s about the c3rr)ryn8aEnountofa&q•s ard l￿bi￿￿eS th*3relloT ￿￿tyal￿[eDt fr(KD Ot1￿ SL)llrC￿. The eslima￿￿ aN1&5S￿.￿le￿A%$ump1￿M￿s trtsed m hiStl*i¢alexmeMY Cth)si&Yed tobe Ttlc%ant. Actual re5￿ts ma? dirrerfrorn tr￿sec5t1[1￿ItCS. ThL e$iimoTed AMI rc%iew¢d RcirysiLWWaLYIXWiiThB L%tsrnaw%arc rc£ii¥ni5cd in thE in whirh thccstitihitc 1ST￿1￿￿ the rcvi5K￿affL￿S cuttcm ￿ fulutEpcnod5 Thi mTh414igDifi¢ant area ofjUdgf￿￿￿t thai affws iicms in thc xcau¥5 is todowth thc market I'SI 6cor¥e'JPuTibh Hull fiLtni t￿ik1￿￿ ￿￿￿kS1￿(me 51. 3. INCONIIliC.' Mk4OLKCIS 2023 2022 ID¥umin¥ rcswrcea from dws I)Ilti￿l￿n> uJvJ¢r6ifl Aid liltl.4id Tai rLYovcrabk Ihera Ppriyh Givin¥ Schcm¢ t)thi..)I￿n5 noT undirGifi Aid Cdkctions 22.136 5..MY 38.14 2.447 10.?45 24.541 o.iJ¥ J5.474 1.037 12.104 3¥.140 X.4?X 77.1( 79.954 Ih¢r volyniory IrKom¢ 1¥.77 5.261b 22.4(V4 24.vlll +5.19) I￿￿￿￿181 fctj s.• 22.4 1¢¥4cic% 2.W 7.373 2.47 2?.459 17851 0.5¥8 2.47 22.489 PJri>h MJgJ£in¢ C'hurLh Ilall 2.291 -4fr.lJ4 7551 22.445 InNYitm¢nt 1n¢om¢ Diy￿S4￿j In￿[¢5¢ 3.065 525 4.193 3.￿1 24.120 161.4AI 14-.J71 4. RF.SI)IIRI'F.% F.XPFNDF.D F.XP¢nSiS nf charilJbli and an¢11￿ry￿41I￿# Parish Ma8azillr IY.93X fy55 20.fd)3 13.915 47J Transfiimijti(￿ e 605 21.1170 DonatiDn5 artd Di5tnbubDrt HOML mission aThlChut¢h SUb￿'T1p11￿llS SpECVdl colkcti(ML 21 210 210 3.517 729 4.127 r¢ell> retsti￿ tothe of the Chureh .Ministry.' DI￿e58￿ Share le￿ Ext￿￿5￿...%e￿iLyl. Music. elc Chutrh runnin8 and matnicnw￿c Chui¢hrarnls 71.93 P.A35 11.250 7.353 17.447 5.472 4.621) 0.1175 9&848 Chutrh andknin]51rAi 2j_534 17.444 139.495 PCC memt*ts rttthved Athymu￿￿tl￿th in tcL*ii￿ ￿th￿dull￿ 17021." bilTr. The Inder¢ndent Examinerfs lti am¢)Dnt¢d to %jl l_N)?l.. Xill Page 10 I'HL PAROCHIAL CHUKCH COLNCILO HAR}HA￿l.. ST GEORGE ATrID ALL SAIITS o'i"Es'i'o'rHL ACCOUNTS (CO￿11￿￿ed) FOR THE YEAR ENDED 31 DECEIIBER ZOZ3 5. TrKELHULD PROPEit'I'Y.IND'I'ANGIBLL A5SL'rs In 2007 Si (teorges Hall ivas valucd by the T￿￿tteS ai £40k. as an esiitDak of the i'alue io ihe PCC. based on capitalisation of th¢ hall's PCC usag¢ at ¢ommucJai rates. Building k0￿￿￿ as phas¢ l anj 2 of the"Il&ll Transforniation Project" were undertaken in 2022 and 2023_ No revB]uDiion w&% undertaken at 31 tkeeinber 2022 ￿ ihe TTall %iill under ￿￿￿￿￿¢11￿rt. Th¢re is now a pause in the Fxoje¢i so th¢ TnL%*L% have re%)e￿*d thc Hall s valuation in lighi of rentsl incom¢ in 2023. Sincc 2007 atmual rental Incon￿ has increased from £8k in 2(K16 to £20k in 2023 wth a TEsulting uplift in ￿aluatIon to The Trusiees note the continuing economic ￿￿e￿nI). and aw)rdingly have decided to base the properry valuaiii)n historJ¢ rental in¢oin¢ rathei Ihan aisurwng aDy fillw¢ gtowth as 3 r¢sdi of oth￿¢￿¢￿ts from the Hall Tral￿fo￿l91Ion Proj¢LI or i¢Lov¢ry froii) lh¢ PaiideJJ)i¢. Si Gwrye'% Hthll and Wesi Harnlrarti Chunh Hall art the san* prO￿rtY. now as Hamham Parisl) Hall. FT¢¢hold Hall und¢r Equipm¢nr PrO￿rty W15tru¢lion IV8luaiionl Totsl Cv¥l or vBluaLion Ai ¥Eart ofy¢ar Addiiion5 .$.605 164.782 R¢b71u•iions TrnTr%f¢T% Al end ofyear 9.-316 168.493 DL'pre¢iAtion & [m￿lM￿rILl ar 5thn ofyear 759 645 1.404 Dcprciialion Imtmirtnenl Trdn4fcr% ai end of year 1.442 1.442 759 51J.177 {7591 2.OR7 Nel Bwk Value al 5tth ofytdr ar ¢nd ofy¢ar 4.960 7,229 103.37¥ 107.2¥9 I￿.(K￿) The net ca￿1n8 ¥JMunt of asseis held under 8 fin8n¢e le￿ iNluded above is £1.93312022.. £nill. 6. INVF.STMFYTS 2023 2022 Market valiie ai start ofyear Pruccedb urdibPt￿dl GaIn￿lI0￿bey) in year Matkel value at end of yeaT 2,363 4,925 89,496 96.784 196, 780 407 .4¥5 97,951 9.177 104.961 1?1.440} 90.784 The holdin¥s wnsist of :_ Central Baard of Fjnance of Ihe Church of Englsntfs In￿eStMent Fund. Fixed Interest Fund The original ¢osi of lh¢ inves¢ments Is n(rt Units Value 4.077 171 105.713 248 £105.961 4.t577 6.550 234 £90,784 These inve51tnenis are held to suptXKE the endowed fi]nd5 Inote 7K a￿1 cannot k expended. The inteTes1 incorne 15 available foi use each year. Page11 THF. PAR()f.HIAI. CHI.'RCH cni-Nr.Ii. nF 11.rtRIII,IM'. 5T GEORCE A￿D.￿LL SAl￿T5 NOTES TO THE.4C'C'OUYTS FC)R THF. YF.AR F.NDF.D 31 DF.CF_IIBF.R 2013 7. DEBTOILS AND PREPAYMENTS ft Aid IncomeTax R￿elv3bk Hllll RLMT R¢¢eivabit LegaLies RtteivAble niher t)ehti)YS JR.O83 1.845 143 7.212 Prwid Lxpenditure 19,94B 3fi,977 CREDITORS AYD ACCRUALS 21122 Amounts dlle within {￿ye0r .Sundry Credityrs Qutsianding Share ALirucJ 9.W7 h.44J 5.WYO 373 J2.OJ6 9.9_1S 19.862 Amuuryt4 aft¢r0￿¢yCAr )ho￿KOpl¢r Icasecrediwr wAyabk OWeT5 yeus 146 2023 2022 Th¢ fuiure minimuTr fi￿0￿ce leDse paywKnL5 aTe fdknws.. NL# latcr Lhan line year LIE yLar and than fi￿¢￿ TL)i#I BW*S PtsyrnLI1ts LL%j.' linunie Lhdr Can)4n8 amollnt gf liability 7.437 9,377 The S veEir financc1¢48¢ on a P￿(￿￿>lLy was WLYJ on 3 Noirmber 2023 #nd incliid¢d the b5¢ brtrk ro515 on pr¢¥wv$ phDI(wi¢tswhirh huvL LxPLYl￿￿ In ihL yLwr £5.146{?V22.. Lnill Ai ih¢ end of the leAse the conwany I￿5 Miyion ro purch￿¢ ihe 8503. 9. IYDOM'ID TrUN4DS IFllnth that prthid¢ but BalaiiF¢ at Lns & 31 D￿￿Inber I J4D Si c￿(¥r￿¢,.% Hall PfnpL¥ty Fund 'arYe I rust P.ik¢YI IChurrh)ardl TtU5¢ MitLh¥ll (Qhurthydrdl TnJ5t West HamhRrn Chuwh HBII Fund 78.U87 234 10,184 8.S.498 2U gfi? 44 £68.486 £129.496 £197.Y82 St CTeorEe'l H*ll PrnpÈrty the J*Miott wh￿h thE hall w&sbllilt M'as apÈrn￿nEnt endowment eccle51as¢ical pllrrx￿. The rrc acts as the hall aThl fiel hich ar¢ heia bv ¢h¢ t}1￿¢5￿n Bwd of FinaTK¢a5 tyus Il*rrÈ Trthit- Incunie Is aTrTiknblv lorgeneral PuTP[￿ whik nD SI￿￿1￿ryCU[a1E15 appDinif4 I￿Er the ThL DiocLse has conf1m￿d ihai ihis w'ill Fckett IChurrh!"Ardl Try5t- income forgeneral as kng as Mitcbell {ChurcbTh*rdl Truyt- incotnc ￿ iolKappl]Ed ￿ thr matnicnanccof All chu[ch)￿r Wesl Churtb Hall F¥nd- inco￿tj￿U￿be atobed ￿￿emaInte￿of thecbuwbha Pag812 THF. PIR()CHI,11. CHITRCH COITYCII. nF HAR%H.4.M- ST GF.ORGF..4ND AI.1. S.41NTS NOTES TO THE,ICCOLNTS IcoThliTrued FOR THF. YF.AR F.NDF.D 31 DF.CF.ry4lBF.R 2•23 10. RESTRICTED FLTrIDS (Fith thaicanonty ￿eX[￿￿1ed onspwili¢d Pu[P￿S1 Baiancc l January lovesth￿l TrA￿S(CrrLa￿I in5& ExrKnd¢d In yeJJr Balancc ai 31 D¢run*r 2023 hurchyard Fund Appcal ltir both Lhurchtg Fneiids ol'Hamham Churches 7.656 467 ?7.6fM 6.202 J.476 8.951 ).(137 2.150 {86? 28.¥92 6,202 3.476 %,555 Willium Snuw MctTh)nal Organ Fund Igenerall WhitL...l115th￿l¥' Organ FutKI Pike- Si Cthrge'% Repair Fund Sn¢llin¥. All Saints, Projcrts Ilurp¢r- Sllicur¥¢S ¥LTr¢rally WiliiKk4on furibe hall 1111111'rnn%fonThiiion St CJ¢ofg¢'s Wlltr¢ Artwtyk Viiar'% DI￿re¢lon￿ry Fund Flowrr I'.und {3Yh If).99( 10.(XKb 41.675 4.¥36 1.957 120 19.025 4.¥36 156 338 675 36 Z(A 463 C'vvk tyik ALtiiitlL% diinJtion% Bnd sury>l FniliiwmLni InLi)rtW LhuYL'hyaYd4 F.'niliiwm¢ni incon* hall Spccific C'olleciion$ Acti%itle4 surplus re￿¢d incon 1294} •* 945 42 30 •* 7Y5 {7¥5) 1.14Jl57 24.12• 467 170,22DI .224 +* SrK*'ifK' donaLions LX￿￿jL￿l S¢ir rLnBncin8 aCIiViiiCS Churth>*rd Trwhd- fnr ih¢Ffftfii tsf All.5nitsls Th¢ fuNI ih ifiwnwi. Appcil frrlvnds. fur IIK. r¢p4ir und inVr￿¢n￿ EkAh w¢rc]ttunihcd dunnb 2(YXI.'Ilie ￿tsied objcL' of ih¢ Priendb Appeal ar¢io fuNJ unpknned repairca5ts in ILYChu￿he5. tske ¥uJfic proJea5 fot ihc parish llnd priTrmt)t¢ piihlK nf th¢t￿r¢￿ buikiiilB-S and I￿1￿ pl*¢ In ih¢ ¢(ffttWhi Wllllam Snow Nlemor141 frvnd- Ih¢s fU￿L w45 cre4￿d bya8ift from MTSTh)w (rKN dece4s¢dl w instsII 814s5 &i All S4in15 Church but prnrii¢JlitiVs amd cosiinss prmtd prvhibiiiw¢amd h¥ hawe d￿¢￿1 tlkllithrpTr)j#TS ill b¢ iind¢rtaken frThn rhe his n￿l￿ry. Self 4