OpenCharities

This text was generated using OCR and may contain errors. Check the original PDF to see the document submitted to the regulator.

2023-12-31-accounts

Registered Charity No. 1195982

The Parochial Church Council of the Ecclesiastical Parish of

All Saints, Ladbroke

ANNUAL REPORT

prepared for the

Annual Parochial Church Meeting

Sunday 28 April 2024

Contents

Page
Membership of the PCC 3
Electoral Roll Report 4
Vicar’s Report 4
Church Wardens’ Report 6
Spirituality, Family and Community 7
Safeguarding Report 8
Fabric Report 8
All Saints for All Generations Project 10
Heritage and Friendship Group 11
Deanery Synod 11
Southam St James C of E Academy 11
Treasurer’s Report 12
Statutory Information 13

Thank you to all those who have contributed to these reports, and those mentioned in them. They help to demonstrate how much goes on in our Church. We hope that you enjoy reading them.

page 2

Membership of the PCC

The PCC is the legal body responsible for the Church. It is required to operate according to rules, regulations and procedures set out in two pieces of legislation, the Parochial Church Councils (Powers) Measure 1956 (as amended) and the Church Representation Rules (contained in Schedule 3 to the Synodical Government Measure 1969, as amended).

The Church is legally regarded as a Charity and the members of the PCC are regarded as its trustees and carry the responsibilities of Charity Trustees. It is required to be registered with the Charity Commission and is formally registered as “The Parochial Church Council of the Ecclesiastical Parish of All Saints, Ladbroke”, with the charity registration number 1195982.

The membership of the PCC consists of ex-officio members and elected members. All clergy licensed to the Parish, its Church Wardens and Deanery Synod representatives are ex officio members. The number of elected members is determined by the size of the Electoral Roll and are elected annually at the APCM. The PCC is required to appoint a Standing Committee to make any emergency decisions that may need to be made between meetings.

The members of the PCC from 1[st] January 2023 to the date of this report have been as follows:

Ex-officio: Revd. Andy Batchelor Priest-in-Charge Mrs Susan Moore Church Warden Mr Peter Rigby Church Warden Mrs Susan Lord Deanery Synod Representative Mrs Jenny Rigby Deanery Synod Representative Elected: Mrs Margaret Bosworth Mrs Janet Moore Mrs Jackie West Mrs Kathryn Smith (since 26 March 2023, Secretary) Mr David Wright (until 26 March 2023)

The Church Representation Rules define the principal function, or purpose, of the PCC as “promoting in the parish the whole mission of the Church”.

page 3

Electoral Roll Report

The Electoral Roll is completely revised every six years and this last happened in 2019. In the years in between a full revision, members are removed from the Roll only on death or by their request; new members can also be added upon application. Since 2019 there have been 6 new additions and 3 deaths so the current number on the Roll is 36 at the time of writing. Any further changes will be reported at the meeting.

Janet Moore (Electoral Roll Officer)

Vicar’s Report

As I look back over the past year and look forward to what is to come, I tried to think about how I am feeling about where we are as parishes, Deanery, and indeed where the wider church of England is. There is no doubt that the issue of LLF and same sex weddings in church has split the Anglican communion in two, and there is a very real danger that we are approaching a time of schism. I pray that this is not the case, and a way can be found to allow us to continue to worship and minister together, across the broad spectrum of tradition and theology, but times seem very precarious indeed in the wider church, and sadly, our Bishops have failed to set the lead we may have expected of them.

Across our Diocese we have seen both our Bishops leave in quick succession, and we have welcomed Bishops Ruth and Saju in an interim role until a new Diocesan Bishop is selected. Please pray for all involved in this process, as it is more important than ever that the right person is appointed according to the leading of the Spirit.

Last year I was elected to Bishops Council, and that has given me a valuable insight on wider diocesan issues, and I have tried to give input from the perspective of our rural context which can sometimes be overlooked as priority is given to urban mission and priorities.

In our Deanery last year we saw the retirement of two of our priests, leaving the Bridges group and Offchurch group in interregnum. One of the responsibilities I have as Rural Dean is to make sure ministry continues in the parishes in vacancy, and I have been so grateful to have the support of Revs Barry, Bob and Ann as we have endeavoured to cover the gaps. Of course there have been other requests too for other events which have taken place, as well as Weddings, funerals, and Baptisms particularly in the Bridges group which have also been a demand on my time.

I continue to have meetings with Jonathan Jee the leader of the new Mission Hub, as we work out how the hub can resource and support our rural parishes.

page 4

I have continued in my role as Assistant DDO, and have completed my work with one candidate, who will be attending the National selection panel soon. At present I have not been assigned someone else to work with, which is probably for the best, given my other commitments.

The process of closing Ufton church continues, although this needs to be pursued more vigorously with the diocese this coming year.

As my focus moves on to Harbury and Ladbroke there is much to be thankful for. We have seen the completion of the Heating and Lighting elements of our building project at Harbury, which seem to be working well, and have received a number of positive comments. It was great to have a warm church over the winter period! The ASAG project at Ladbroke has also completed and I want to express my heartfelt thanks to Jackie, and to the team at Harbury, led by Phillip who have made all this possible. We now need to press on to the repairs to stonework at Harbury, and the installation of an updated Audio Visual System.

As you know, I had a knee replacement operation just before Christmas, which has gone very well, and I am now much more mobile than I was. It was strange however, to be out of action over Christmas, and once again I am grateful to the team here for covering during my six week recuperation.

We have seen Messy Church and Muddy Church continue to attract good numbers, and the Collective has now been running for over a year and is a valuable means of reaching out into our community. There will be reports from a number of other groups in the Annual Report, including home groups, Mothers Union, Bumps and Bundles, and Meeting point and I am grateful to all who offer their time and talents to help these groups continue. Last year we saw the re-establishment of the ‘Little Saints’ toddler service and breakfast, which has yet to find its feet, but is greatly enjoyed by the few families that come.

We are currently assessing our Communion practice in Harbury with particular reference to the return of a common cup for those who would like it, but it is already clear that there is a substantial majority at both churches who wish the individual cups to remain. Although the use of individual cups has yet to be approved by Synod, they are quite commonly used, and many Bishops have allowed this to continue, including Bishop Christopher.

We were able to offer a wide variety of services over Easter, including Tenebrae, ‘Voices from the crowd’, and a sunrise service on Easter Sunday, which, although complicated by the clock change still attracted a faithful eleven (quite symbolically).

Everyone at Ladbroke was saddened by the death of Bill Bosworth, the choirmaster who would have been arranging the usual Good Friday choral service, and he will be greatly missed.

page 5

We continue to offer help and support to needy families in our communities, this has been helped by useful input from Harbury school. Please let us know if you are aware of particular needs we could help with.

We continue to have a strengthening relationship with Harbury school; Open the Book or myself take an assembly every week, the school are coming into the church regularly, and I have been appointed as Deputy chair of Governors.

From a family perspective we were joined last year by Latisha, a vibrant and active 3, now 4 year old, who has bonded well with our family, although she will be adopted probably sometime this year, she has been a real joy (and also sometimes a real challenge). Julie’s mum Carol has a terminal cancer diagnosis, and is gradually deteriorating. Although Carol has regular carers, she still relies on Julie a lot, and this is a real demand on Julie’s emotional well being and time, please bear them both in your prayers.

As a family we are still grateful that God drew us here and has blessed us in so many ways.

A particular word of thanks from me to our wardens, Liz, Andy, Sue and Peter, who offer both tremendous support and are the voices of ‘critical friends’ when required. I also greatly appreciate all the work that Laura, our administrator does, and I have greatly valued her organisational and technical skills.

So I hope you can find joy and encouragement as we look back over the past year, and that together we can continue to be Jesus hands and feet in our communities.

Rev Andy

Church Wardens’ Report

Over the last eighteen months or so, Rev Andy has developed the ministry within our benefice and this has broadened the leading and preaching at our Sunday services, which is now shared by a team that includes the Revs. Ann, Bob and Barry, Margaret Clarke, Julie and of course Rev Andy himself. We are very grateful to them all for the contributions they make to the life of our Church.

If the job of Church Wardens is “to get things done”, we are helped enormously by those who “just get on with it”. So our thanks once again to all those who help on our various rotas, or just step in when they notice help is needed. Special mention is due again to Jackie for all her work as Fabric Officer and All Saints for All Generations Project Coordinator, and to Kate for playing the organ – her accident showed just how much she was missed and it’s great to have you back!

Each year, we have to provide statistics to the Diocese and these provide an interesting snapshot of how the Church is changing:

page 6

2023 2022
Average Sundayattendance(adults) 25 24
Average Sundayattendance(children) 2 1
Our “worshippingcommunity” 79 67
Baptisms 3 3
Weddings 0 1
Funerals 4 2

It is again encouraging that our “worshipping community” continues to increase. This comprises those who worship with us on a regular (but not necessarily frequent) basis or would do so if they could. That this figure is around three times our average congregation emphasises the potential we have for more growth, despite the small size of our parish. We have been working with Rev Barry to explore how we might develop this in the future, as he explains below.

Sue Moore and Peter Rigby

Spirituality, Family and Community

The churchwardens and Rev Barry have had several meetings plus additional discussions with the PCC about a new vision for God’s Church in Ladbroke. There seems to be a general consensus that whilst we are a strong and thriving church, our focus for future growth will be in the areas of Spirituality, Family and Community.

We consider our identity as God’s people in this place to be vital, but also understand that we should reach out into the wider community to get different perspectives of what a village Church means to the local residents. To do this we have a draft questionnaire that we would like to circulate around the parish, with an additional section to be completed by Church members.

Once we have listened to the people, we will pause to listen for God’s guidance about how best to move forwards. This will possibly take the form of a time of prayer and reflection in the church building, with everyone that would like to attend welcome to come along and participate.

It might be that any changes will be subtle and gradual, but we feel that we need to listen to others before any decisions are made about how we better relate to God, each other, and other local churches.

Rev Barry

page 7

Safeguarding

We make Safeguarding a high priority at All Saints Ladbroke. Jenny Rigby is our Safeguarding Officer. Any concerns should be reported to either Jenny or Rev Andy Batchelor. We want to ensure that we keep any children or vulnerable adults in our church community as safe as possible.

We work closely with Coventry Diocese and following their recommendations we have adopted the Church of England’s Safeguarding Policy: ‘Promoting a Safer Church’. The PCC has complied with the duty to “have due regard” to the House of Bishops’ guidance in relation to Safeguarding.

We have a Safer Recruitment Policy and any new staff and volunteers who working with children and/or vulnerable adults are safely recruited or appointed to roles and are undergo appropriate vetting and barring checks.

We also use the Diocesan Parish Safeguarding Dashboard to monitor our compliance with Promoting a Safer Church and these reviews include reviewing or introducing new policies and procedures, keeping DBS checks up to date and the undertaking of required training by designated staff and volunteers.

The Safeguarding Officer reports to the PCC at every meeting to ensure that the PCC is fully informed of progress in this area. In the year being reported on, we have had no reportable safeguarding matters in relation to All Saints Ladbroke.

Jenny Rigby

Fabric Report

In 2023 there were small low level repointing repairs around the building inside and out, which completed the repairs funded 67% by the National Lottery Heritage Fund and 23% from previous fundraising and donations. When this finished the partial plastic cover on the organ was removed so we can see the organ pipes in all their glory again.

We have now dealt with the major issues that put the church on the Heritage at Risk register in 2019 and the original assessor has written to say the building is no longer considered at risk, although... “Clearly because of the nature of the soft stone with which the church is built, issues will always be present and you will need to continue monitoring the stonework in future. Minor cracking to the south west corner of the south aisle needs to be addressed but generally the church is in fair condition.”

It’s not new news that repairs and maintenance on such an old building will never end. As well as issues we know we have not yet tackled like the drains, non-breathable paint in the chancel and some stonework, no doubt more will be listed in the report on our 2024 Quinquennial Inspection due later this year.

page 8

Regular maintenance in the last 12 months included the annual boiler, fire extinguisher and security system testing and gutter clearing. We were extremely grateful to Simon West for fixing small issues throughout the year and Terry of Seal Roofing Solutions who immediately replaced the 4 roof tiles in the chancel that came off in storm Isha. Michael Latham, our organ tuner for may years retired in late 2023, recommending a former apprentice be his replacement.

To minimise energy consumption we have continued to have a background heat setting of 7°C, ramping it up for Sunday services and other uses. Monitoring the temperature in the nave and gas usage shows:

Although selected by the Diocese for a free energy audit, this has not happened yet.

The churchyard contains at least 40 graves actively visited and adorned with wreaths or flowers by family members. There is a new bench in memory of Betty Winkfield. The grass is regularly cut by contractors at a cost of approx £1150 per year, which in 2023 was mainly financed from the General Fund, as the specific Churchyard Fund was exhausted.

THANK YOU

We appreciate the support we have had from various professionals during the year but rely on many volunteers that keep the building going and welcoming to all who enter. These unsung heroes do maintenance, cleaning, wash the altar linen, clean brass, organise the prayer corner, give and arrange flowers, lock and unlock the building every day, wind the clock twice a week, discourage the mice, garden in the churchyard and much more besides. Please join me in thanking each and everyone of them - church members, villagers and their families.

Jackie West

page 9

All Saints for All Generations project

We started fundraising for this project to repair Ladbroke Church and share our heritage back in 2015.

The delivery phase began in 2020 and concluded in late 2023. The end date was related to the last of the repairs, since many of the activities lasy year are continuing in the legacy phase, namely:

In addition, we published a new leaflet on Jurassic Ladbroke, had a classical guitar concert in church and a celebratory Bird Day for local people and our supporters with Birds of Prey flying in the churchyard. We also bought a 3m x 6m gazebo and lent it out several times and 6 people were trained as first aiders.

During the project we engaged more than 3000 people, of whom over 800 were children. Pretty good for a parish with a total population of less than 300 people! The total cost of the project, including the development phase and an allowance for ongoing aspects was £500,000 plus 87 volunteers contributed a total of 800 days of their time. These are amazing amounts, so a massive thank you from me (Jackie) as project leader to everyone who contributed.

The project may have finished but its legacy and impact continue including:

Jackie West

page 10

Heritage and Friendship Group

This group started as part of the AS4AG project. The target audience is people who do not get out much because of their age, health or caring responsibilities but all are welcome. It meets on the first Wednesday morning each month, with occasional breaks.

Numbers have fluctuated from 6 to more than 20 but there are now 8-10 regulars, including the 2 organisers. The group was meeting in the Village Hall but since the start of 2024 meets in homes, usually The Old School.

Each month there is a topic (eg gardening, pets & animal encounters, holidays, traditions, Christmas) and people are invited to bring objects, photos and memories to share, which they do. Feedback is positive and although numbers are small, meeting others in this way gives pleasure to those who come.

Jackie West and Carol Lane

Deanery Synod Report

Synod has met a number of times over the past year and the new Lay Chair and Area Dean (our Rev Andy!) have taken up these roles. The Deanery has a number of persisting challenges in appointing incumbents to vacant clergy posts or long term sickness of current incumbents, resulting in long term cover provided by retired clergy and others. The vacancies for the Offchurch and Bridges Groups are currently being advertised. Topics of discussion and visiting speakers this year have included:

Forthcoming topics for discussion include the Net Zero Carbon Programme.

Jenny Rigby

Southam St James C of E Academy

Ladbroke Church has had an historical link with Southam St James since the school in the village was closed in the 1970’s. A number of places are reserved at the school for children of this parish and the Church had the right to nominate a Foundation Governor to the governing body. Since the school became an Academy, the governing body has been replaced by an Advisory Governance Committee (AGC), but the right of the Church to nominate members continues.

page 11

Until February this year, Valerie Copley has been the Church’s representative on the AGC, but she has now retired from this role following the end of her term of office. We would like to thank Valerie for her long service at the school, which included several years as Chair of Governors.

This means that there is a vacancy for the Church to fill on the AGC and we are looking for someone who would be willing to maintain this link. If you are interested or would like more information, please speak to Rev Andy or one of the Wardens.

Peter Rigby

Treasurer’s Report

The accounts for the year ended 31[st] December 2023 are being distributed with this Annual Report. My thanks again to Steve Copley for being our Independent Examiner and to David Wright for administering our Gift Aid scheme.

The total income for the year was £56,727 (2022 - £61,375) and the total expenditure £48,970 (2022 - £72,695). There was also a gain in investments of £359 (2022 – loss of £502) so the overall net income (surplus) that has been added to our reserves was £8,116 (2022 – deficit taken from reserves of £11,822).

These figures include income and expenditure credited or charged to restricted funds; 61% of the income and 51% of the expenditure were restricted. The largest restricted fund is the All Saints for All Generations Fund. The surplus on restricted funds was £9,554, reflecting the receipt of grant monies for expenditure previously incurred.

Most of our regular and ongoing activities are carried on through unrestricted funds. The total unrestricted income was £22,103 and expenditure was £23,900 so there was a deficit on these activities of £1,797.

The financial position of the Church is represented by the balance of its Funds. These amounted to £127,925 at the year end (2022 - £119,089) and at first sight this might be considered substantial. However, it needs to be understood that only £40,518 (2022 - £42,315) of this amount are free reserves - that is funds over which the PCC have full discretion. The remainder must either be held or used for limited purposes.

The largest restricted fund is the All Saints for All Generations Fund where the balance remaining is £77,209. This represents the balance of donations for the Appeal that are as yet unspent. Although the elements of the project that were partially funded by grants have now been completed, the work of maintaining our listed building is ongoing and these funds will continue to be applied for this purpose.

Peter Rigby

page 12

Statutory information

The PCC, as the trustees of the charity, are required to include certain information in this Annual Report. These statutory requirements are set out below, together with the information or an explanation of how it has been provided.

Objective

The objective of the charity is to promote in the parish the whole mission of the Church. Within the Diocese of Coventry, that Mission is summarised as “Worshipping God – Making new disciples – Transforming communities”.

Activities, achievements and performance

Our activities, achievements and performance during the year have been described in the various reports above. The trustees have had regard to the Charity Commission’s guidance on public benefit and comply with the legal and Diocesan requirements with regard to safeguarding.

Financial review

See Treasurer’s Report above.

Structure, governance and management

See the section entitled ‘Membership of the PCC’ above.

Reference and administrative details

The Charity is formally known as ‘The Parochial Church Council of the Ecclesiastical Parish of All Saints, Ladbroke’ and is registered in England and Wales, number 1195982. Its name is frequently abbreviated to “All Saints, Ladbroke” or “Ladbroke Church”.

The address of the Church is Church Road, Ladbroke, Southam CV47 2DF.

The principal postal address for correspondence is 2 Vicarage Lane, Harbury, Leamington Spa CV33 9HA.

Email: ladbrokechurch@gmail.com

Website: www.ladbrokechurch.org.uk

Signed on behalf of the PCC

Rev A.G. Batchelor

Rev A G Batchelor

page 13

THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF

ALL SAINTS, LADBROKE

(Registered Charity No. 1195982)

ACCOUNTS

FOR THE YEAR ENDED

31 DECEMBER 2023

CONTENTS

page
Statement of Financial Activities 2
Independent Examiner's Report 2
Balance Sheet 3
Notes to the Accounts 4 - 7

page 1

THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF ALL SAINTS, LADBROKE YEAR ENDED 31 DECEMBER 2023

STATEMENT OF FINANCIAL ACTIVITIES

Note
Income from:
Donations and legacies
2
Charitable activities
3
Investments
Total
Expenditure on:
Charitable activities
4
Total
(Loss)/Gain on investments
Net income/(expenditure)
Reconciliation of Funds
Total funds brought forward
Total funds carried forward
10		 Unrestricted
Funds
£
18,681
2,164
1,258
22,103
23,900
23,900
(1,797)
42,315
40,518		 Restricted
Funds
34,027
483
114
34,624
25,070
25,070
9,554
73,716
83,270		 Endowment
Fund
-
-
359
359
3,778
4,137		 2023
Total
£
52,708
2,647
1,372
56,727
48,970
48,970
359
8,116
119,809
127,925		 2022
Total
£
58,995
2,266
114
61,375
72,695
72,695
(502)
(11,822)
131,631
119,809

The notes on pages 4 to 7 form part of these Accounts

Report of the Independent Examiner

I have examined these Accounts, Balance Sheet and Notes thereon in conjunction with the books, papers and other information produced. In my opinion the accounts as presented correctly reflect the transactions of All Saints Church Ladbroke during the year ended 31st December 2023 and the Balance Sheet shows the position as at that date.

Signed:

S.G Copley

Date:

24/02/24

page 2

THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF ALL SAINTS, LADBROKE YEAR ENDED 31 DECEMBER 2023

BALANCE SHEET

Note
Fixed assets:
Investments
7
Current assets:
Debtors
8
Cash at bank and in hand
Liabilities:
9
Net current assets
Net Assets
Funds of the charity:
Endowment fund
Restricted funds
Unrestricted funds
Total charity funds
10
Creditors:amounts falling due in less than one year		 2023
£
4,137
5,281
120,521
125,802
(2,014)
123,788
127,925
4,137
83,270
40,518
127,925		 2022
£
3,778
7,020
111,601
118,621
(2,590)
116,031
119,809
3,778
73,716
42,315
119,809

Approved by the PCC on 22 February 2024 and signed on their behalf by:

Rev A.G. Batchelor

Revd. A G Batchelor Priest in Charge

The notes on pages 4 to 7 form part of these Accounts

page 3

THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF ALL SAINTS, LADBROKE YEAR ENDED 31 DECEMBER 2023

NOTES TO THE ACCOUNTS

1. ACCOUNTING POLICIES

(a) Basis of preparation

The accounts have been prepared on the historic cost basis of accounting and in accordance with the Church Accounting Regulations 1997 together with applicable accounting standards and the Charities SORP (FRS 102).

The accounts include all transactions, assets and liabilities for which the PCC is responsible in law. They do not include the accounts of church groups that owe their main affiliation to another body nor those that are informal gatherings of Church members.

(b) Funds

Endowment Fund

The Sabin-Smith Endowment Fund derives from a legacy from the estate of Alfred Edward Sabin-Smith who left a duty to the Coventry Diocesan Trustees (Registered) to invest the legacy and to pay the net annual income arising therefrom to the PCC, for the upkeep of the Churchyard with a request to keep the family graves in good order. Income from the legacy is applied to the Churchyard restricted fund.

Restricted Funds

The charity operates the following restricted funds:

Any grants or donations received for a specific purpose are treated as restricted funds. Any funds designated for a specific purpose by the PCC are treated as unrestricted. These include the Bell Tower Fund and the Choir Fund.

The General Fund represents the funds of the PCC that are not subject to any restrictions regarding their use and are available for application on the general purposes of the PCC.

(c) Incoming resources

Voluntary income and capital sources

Collections are recognised when received by or on behalf of the PCC. Planned giving receivable under covenant is recognised only when received.

Income tax recoverable on covenants or gift aid donations is recognised when the income is recognised.

Grants and legacies to the PCC are accounted for as soon as the PCC is notified of its legal entitlement and the amount due.

Funds raised by events and activities are accounted for gross.

Income from investments

Interest is accounted for when receivable. Any tax recoverable on such income is recognised in the same accounting year.

Activities directly relating to the work of the Church

The Parish Share is accounted for when payable. Any portion unpaid at the year end is provided for in these accounts in recognition of an operational (but not a legal) liability.

page 4

THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF ALL SAINTS, LADBROKE YEAR ENDED 31 DECEMBER 2023

NOTES TO THE ACCOUNTS

Consecrated land and buildings and movable church furnishings

Consecrated and beneficed property is excluded from the accounts by s.10(2)(a) of the Charities Act 2011.

Fixed asset investments

Investments are included in the balance sheet at fair value and the gain or loss taken to the Statement of Financial Activities.

Other fixtures, fittings and office equipment

No value is placed on movable church furnishings held by the churchwardens on special trust for the PCC and which require a faculty for disposal since the PCC considers this to be inalienable property. Any expenditure incurred during the year on consecrated or benefice buildings and movable church furnishings, whether maintenance or improvement, is written off as expenditure in the SOFA and separately disclosed.

Current assets

Short term deposits include cash held on deposit either with the CBF Church of England Funds or at the bank.

2. DONATIONS AND LEGACIES

Unrestricted
Funds
£
Planned giving
12,280
Plate offerings
990
Other gifts
1,400
Gift aid
3,303
Diocesan grant
708
Listed Place of Worship Grant Scheme
National Heritage NLHF Grant
18,681		 Restricted
Funds
£
2,415
695
585
2,311
28,021
34,027		 2023
Total
£
14,695
990
2,095
3,888
708
2,311
28,021
52,708		 2022
Total
£
14,098
922
11,642
5,878
-
2,354
24,101
58,995

3. INCOME FROM CHARITABLE ACTIVITIES

Unrestricted
Funds
£
Fees
1,956
Fund raising
208
2,164
RITABLE EXPENDITURE
Unrestricted
Funds
£
Payments to Coventry Diocese
9,325
Clergy and Worship expenses
1,733
Insurance, security and utilities
10,193
Building repairs and maintenance
1,511
Heritage activities
Donations (Note 5)
1,138
23,900		 Restricted
Funds
£
483
483
Restricted
Funds
£
18,569
6,237
264
25,070		 2023
Total
£
1,956
691
2,647
2023
Total
£
9,325
1,733
10,193
20,080
6,237
1,402
48,970		 2022
Total
£
1,642
624
2,266
2022
Total
£
9,720
1,703
7,253
42,760
9,636
1,623
72,695

4. CHARITABLE EXPENDITURE

page 5

THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF ALL SAINTS, LADBROKE YEAR ENDED 31 DECEMBER 2023

NOTES TO THE ACCOUNTS

5. DONATIONS
Unrestricted
Funds
Children's Society
DEC earthquake/floods appeals
375
Galanos House (Royal British Legion)
150
Salvation Army
Southam foodbank
250
Southam St James Academy (Year 6 Bibles)
363
Ukrainian Appeal and support
1,138		 Restricted
Funds
264
264		 2023
Total
-
375
150
-
250
363
264
1,402		 2022
Total
100
100
200
100
325
398
400
1,623

6. GOVERNANCE COSTS

None of the trustees received any remuneration or expenses during the year.

INVESTMENTS 2023
2022
Unlisted investment £
£
4,137
3,778

7. INVESTMENTS

The unlisted investment consists of 183 units held in the CBF Church of England Investment Fund and is managed by CCLA Investment Managers Ltd. The investment is held in the Sabin Smith Endowment Fund.

8. DEBTORS
Income tax receivable
Prepayments
9. CREDITORS (Amounts falling due in less than one year)
Trade Creditors		 2023
£
4,000
1,281
5,281
2023
£
2,014		 2022
£
5,850
1,170
7,020
2022
£
2,590

page 6

THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF ALL SAINTS, LADBROKE YEAR ENDED 31 DECEMBER 2023

NOTES TO THE ACCOUNTS

10. SUMMARY OF FUND MOVEMENTS

Endowment Fund
Sabin Smith
Restricted Funds
All Saints for All Generations
Churchyard
Organ Fund
Ukrainian support fund
Bell tower
Choir fund
General Fund
Unrestricted funds
Total Funds		 Balance at
1 Jan 2023
£
3,778
67,233
-
6,250
233
73,716
3,413
435
38,467
42,315
119,809		 Incoming
resources
£
34,345
149
30
100
34,624
25
-
22,078
22,103
56,727		 £
(24,369)
(149)
(288)
(264)
(25,070)
(10)
(60)
(23,830)
(23,900)
(48,970)
Resources
expended		 Gain/(loss)
on
investments
£
359
0
0
359		 Balance at
31 Dec
2023
£
4,137
77,209
-
5,992
69
83,270
3,428
375
36,715
40,518
127,925

11. PRIOR YEAR COMPARATIVE STATEMENT OF FINANCIAL ACTIVITIES

Unrestricted
Funds
£
Income from:
Donations and legacies
22,694
Charitable activities
1,642
Investments
1
Total
24,337
Expenditure on:
Charitable activities
24,901
Total
24,901
(Loss)/Gain on investments
Net income/(expenditure)
(564)
Reconciliation of Funds
Total funds brought forward
42,879
Total funds carried forward
42,315		 Restricted
Funds
36,301
624
113
37,038
47,794
47,794
(10,756)
84,472
73,716		 Endowment
Fund
-
-
(502)
(502)
4,280
3,778		 2022
Total
£
58,995
2,266
114
61,375
72,695
72,695
(502)
(11,822)
131,631
119,809		 2021
Total
£
199,839
2,223
109
202,171
233,185
233,185
538
(30,476)
162,107
131,631

page 7

THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF

ALL SAINTS, LADBROKE

(Registered Charity No. 1195982)

ACCOUNTS

FOR THE YEAR ENDED

31 DECEMBER 2023

CONTENTS

page
Statement of Financial Activities 2
Independent Examiner's Report 2
Balance Sheet 3
Notes to the Accounts 4 - 7

page 1

THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF ALL SAINTS, LADBROKE YEAR ENDED 31 DECEMBER 2023

STATEMENT OF FINANCIAL ACTIVITIES

Note
Income from:
Donations and legacies
2
Charitable activities
3
Investments
Total
Expenditure on:
Charitable activities
4
Total
(Loss)/Gain on investments
Net income/(expenditure)
Reconciliation of Funds
Total funds brought forward
Total funds carried forward
10		 Unrestricted
Funds
£
18,681
2,164
1,258
22,103
23,900
23,900
(1,797)
42,315
40,518		 Restricted
Funds
34,027
483
114
34,624
25,070
25,070
9,554
73,716
83,270		 Endowment
Fund
-
-
359
359
3,778
4,137		 2023
Total
£
52,708
2,647
1,372
56,727
48,970
48,970
359
8,116
119,809
127,925		 2022
Total
£
58,995
2,266
114
61,375
72,695
72,695
(502)
(11,822)
131,631
119,809

The notes on pages 4 to 7 form part of these Accounts

Report of the Independent Examiner

I have examined these Accounts, Balance Sheet and Notes thereon in conjunction with the books, papers and other information produced. In my opinion the accounts as presented correctly reflect the transactions of All Saints Church Ladbroke during the year ended 31st December 2023 and the Balance Sheet shows the position as at that date.

Signed:

S.G Copley

Date:

24/02/24

page 2

THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF ALL SAINTS, LADBROKE YEAR ENDED 31 DECEMBER 2023

BALANCE SHEET

Note
Fixed assets:
Investments
7
Current assets:
Debtors
8
Cash at bank and in hand
Liabilities:
9
Net current assets
Net Assets
Funds of the charity:
Endowment fund
Restricted funds
Unrestricted funds
Total charity funds
10
Creditors:amounts falling due in less than one year		 2023
£
4,137
5,281
120,521
125,802
(2,014)
123,788
127,925
4,137
83,270
40,518
127,925		 2022
£
3,778
7,020
111,601
118,621
(2,590)
116,031
119,809
3,778
73,716
42,315
119,809

Approved by the PCC on 22 February 2024 and signed on their behalf by:

Rev A.G. Batchelor

Revd. A G Batchelor Priest in Charge

The notes on pages 4 to 7 form part of these Accounts

page 3

THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF ALL SAINTS, LADBROKE YEAR ENDED 31 DECEMBER 2023

NOTES TO THE ACCOUNTS

1. ACCOUNTING POLICIES

(a) Basis of preparation

The accounts have been prepared on the historic cost basis of accounting and in accordance with the Church Accounting Regulations 1997 together with applicable accounting standards and the Charities SORP (FRS 102).

The accounts include all transactions, assets and liabilities for which the PCC is responsible in law. They do not include the accounts of church groups that owe their main affiliation to another body nor those that are informal gatherings of Church members.

(b) Funds

Endowment Fund

The Sabin-Smith Endowment Fund derives from a legacy from the estate of Alfred Edward Sabin-Smith who left a duty to the Coventry Diocesan Trustees (Registered) to invest the legacy and to pay the net annual income arising therefrom to the PCC, for the upkeep of the Churchyard with a request to keep the family graves in good order. Income from the legacy is applied to the Churchyard restricted fund.

Restricted Funds

The charity operates the following restricted funds:

Any grants or donations received for a specific purpose are treated as restricted funds. Any funds designated for a specific purpose by the PCC are treated as unrestricted. These include the Bell Tower Fund and the Choir Fund.

The General Fund represents the funds of the PCC that are not subject to any restrictions regarding their use and are available for application on the general purposes of the PCC.

(c) Incoming resources

Voluntary income and capital sources

Collections are recognised when received by or on behalf of the PCC. Planned giving receivable under covenant is recognised only when received.

Income tax recoverable on covenants or gift aid donations is recognised when the income is recognised.

Grants and legacies to the PCC are accounted for as soon as the PCC is notified of its legal entitlement and the amount due.

Funds raised by events and activities are accounted for gross.

Income from investments

Interest is accounted for when receivable. Any tax recoverable on such income is recognised in the same accounting year.

Activities directly relating to the work of the Church

The Parish Share is accounted for when payable. Any portion unpaid at the year end is provided for in these accounts in recognition of an operational (but not a legal) liability.

page 4

THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF ALL SAINTS, LADBROKE YEAR ENDED 31 DECEMBER 2023

NOTES TO THE ACCOUNTS

Consecrated land and buildings and movable church furnishings

Consecrated and beneficed property is excluded from the accounts by s.10(2)(a) of the Charities Act 2011.

Fixed asset investments

Investments are included in the balance sheet at fair value and the gain or loss taken to the Statement of Financial Activities.

Other fixtures, fittings and office equipment

No value is placed on movable church furnishings held by the churchwardens on special trust for the PCC and which require a faculty for disposal since the PCC considers this to be inalienable property. Any expenditure incurred during the year on consecrated or benefice buildings and movable church furnishings, whether maintenance or improvement, is written off as expenditure in the SOFA and separately disclosed.

Current assets

Short term deposits include cash held on deposit either with the CBF Church of England Funds or at the bank.

2. DONATIONS AND LEGACIES

Unrestricted
Funds
£
Planned giving
12,280
Plate offerings
990
Other gifts
1,400
Gift aid
3,303
Diocesan grant
708
Listed Place of Worship Grant Scheme
National Heritage NLHF Grant
18,681		 Restricted
Funds
£
2,415
695
585
2,311
28,021
34,027		 2023
Total
£
14,695
990
2,095
3,888
708
2,311
28,021
52,708		 2022
Total
£
14,098
922
11,642
5,878
-
2,354
24,101
58,995

3. INCOME FROM CHARITABLE ACTIVITIES

Unrestricted
Funds
£
Fees
1,956
Fund raising
208
2,164
RITABLE EXPENDITURE
Unrestricted
Funds
£
Payments to Coventry Diocese
9,325
Clergy and Worship expenses
1,733
Insurance, security and utilities
10,193
Building repairs and maintenance
1,511
Heritage activities
Donations (Note 5)
1,138
23,900		 Restricted
Funds
£
483
483
Restricted
Funds
£
18,569
6,237
264
25,070		 2023
Total
£
1,956
691
2,647
2023
Total
£
9,325
1,733
10,193
20,080
6,237
1,402
48,970		 2022
Total
£
1,642
624
2,266
2022
Total
£
9,720
1,703
7,253
42,760
9,636
1,623
72,695

4. CHARITABLE EXPENDITURE

page 5

THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF ALL SAINTS, LADBROKE YEAR ENDED 31 DECEMBER 2023

NOTES TO THE ACCOUNTS

5. DONATIONS
Unrestricted
Funds
Children's Society
DEC earthquake/floods appeals
375
Galanos House (Royal British Legion)
150
Salvation Army
Southam foodbank
250
Southam St James Academy (Year 6 Bibles)
363
Ukrainian Appeal and support
1,138		 Restricted
Funds
264
264		 2023
Total
-
375
150
-
250
363
264
1,402		 2022
Total
100
100
200
100
325
398
400
1,623

6. GOVERNANCE COSTS

None of the trustees received any remuneration or expenses during the year.

INVESTMENTS 2023
2022
Unlisted investment £
£
4,137
3,778

7. INVESTMENTS

The unlisted investment consists of 183 units held in the CBF Church of England Investment Fund and is managed by CCLA Investment Managers Ltd. The investment is held in the Sabin Smith Endowment Fund.

8. DEBTORS
Income tax receivable
Prepayments
9. CREDITORS (Amounts falling due in less than one year)
Trade Creditors		 2023
£
4,000
1,281
5,281
2023
£
2,014		 2022
£
5,850
1,170
7,020
2022
£
2,590

page 6

THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF ALL SAINTS, LADBROKE YEAR ENDED 31 DECEMBER 2023

NOTES TO THE ACCOUNTS

10. SUMMARY OF FUND MOVEMENTS

Endowment Fund
Sabin Smith
Restricted Funds
All Saints for All Generations
Churchyard
Organ Fund
Ukrainian support fund
Bell tower
Choir fund
General Fund
Unrestricted funds
Total Funds		 Balance at
1 Jan 2023
£
3,778
67,233
-
6,250
233
73,716
3,413
435
38,467
42,315
119,809		 Incoming
resources
£
34,345
149
30
100
34,624
25
-
22,078
22,103
56,727		 £
(24,369)
(149)
(288)
(264)
(25,070)
(10)
(60)
(23,830)
(23,900)
(48,970)
Resources
expended		 Gain/(loss)
on
investments
£
359
0
0
359		 Balance at
31 Dec
2023
£
4,137
77,209
-
5,992
69
83,270
3,428
375
36,715
40,518
127,925

11. PRIOR YEAR COMPARATIVE STATEMENT OF FINANCIAL ACTIVITIES

Unrestricted
Funds
£
Income from:
Donations and legacies
22,694
Charitable activities
1,642
Investments
1
Total
24,337
Expenditure on:
Charitable activities
24,901
Total
24,901
(Loss)/Gain on investments
Net income/(expenditure)
(564)
Reconciliation of Funds
Total funds brought forward
42,879
Total funds carried forward
42,315		 Restricted
Funds
36,301
624
113
37,038
47,794
47,794
(10,756)
84,472
73,716		 Endowment
Fund
-
-
(502)
(502)
4,280
3,778		 2022
Total
£
58,995
2,266
114
61,375
72,695
72,695
(502)
(11,822)
131,631
119,809		 2021
Total
£
199,839
2,223
109
202,171
233,185
233,185
538
(30,476)
162,107
131,631

page 7