## **The Parish of St Andrew & St Peter, South Shoebury** ## **ANNUAL REPORT AND FINANCIAL STATEMENTS** ## **For the year ended 31[st] December 2023** ## **Incumbent:** Rev. Louise Williams The Rectory 42 Church Road Shoebury Essex SS3 9EU ## **Bankers:** Barclays Bank 127 High Street Southend-on-Sea Essex SS1 1LT ## **Independent Examiner:** Joanne Tsang 31 Hornbeam Close, Norwich, Norfolk NR7 8LN ## **Independent Examiner’s Report** ## **To the Parochial Church Council of St Andrew & St Peter South Shoebury** I report to the trustees on my examination of the accounts of the Parochial Church Council of St Andrew & St Peter, South Shoebury for the year ended 31[st] December 2023. ## **Respective responsibilities of the Trustees and the examiner** As Trustees of the Charity, the members of the PCC are responsible for the preparation of the financial statements. You consider that an audit is not required for this year under section 144 of the Charities Act 2011 (the 2011 Act) and that an independent examination is needed. It is my responsibility to: - examine the accounts under section 145 of the 2011 Act; - follow the procedures laid down in the General Directions given by the Charity Commissioners section 145(5)(b) of the 2011 Act; and - state whether particular matters have come to my attention. ## **Basis of Independent Examiner’s Statement** I report in respect of my examination of the Trust’s accounts carried out under in accordance with the General Directions given by the Charity Commission. That examination includes a review of accounting records kept by the PCC and a comparison of the accounts with those records. It also includes considering any unusual items or disclosures in the financial statements and seeking explanations from you as trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit, and consequently I do not express an audit opinion on the view given by the accounts. ## **Independent examiner’s statement** I have completed my examination. I confirm that no material matters have come to my attention in connection with the examination giving me cause to believe that in any material respect: 1. which give me reasonable cause to believe that in any material respect the requirements - to keep accounting records in accordance with s.130 of the 2011 Act; or - to prepare accounts which accord with these accounting records have not been met; or 2. to which, in my opinion, attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached. **Joanne Tsang** Signed: 31 Hornbeam close, Norwich, Norfolk NR7 8LN Date: ## **The Parish of St Andrew & St Peter, South Shoebury** ## **Year ended 31[st] December 2023** ## **Overview and Notes to the Accounts** ## **2023 Highlights** 2023 has been a frustrating year for us as our bankers, Barclays Bank, inadvertently closed our account which caused us lots of issues in terms of payments in and out whilst we tried to get the account opened again. This was eventually done after nearly two months of frustration thanks to a lot of work from Louise to sort it out. This has meant that our accounts, which are done on a receipts and payments basis, are slightly difficult to compare as we are short of some income and also have had some double expenditure which was reversed in 2024. It is good to see the hall income picking up with it now exceeding £20,000 for the first time since COVID affected us so badly. We have also seen our interest investment income jump significantly with increased interest rates though frustratingly our Quarter 4 payment did not come through until January 2024 and is therefore not reflected in these statements. 2022 saw us benefit from some very significant legacy income totalling £236,288. We knew this would very likely be a one off and this has proved to be the case at least for 2023 where it was a much more modest £1,048. As I have mentioned previously, these legacies clearly entail a sad loss, they are nonetheless extremely important to us and we remain most grateful to all who have remembered us in their wills and to those of you who have made or intend to make provision to do the same. We have continued to invest in the repair and maintenance of our various buildings, including the Parish house, which is now let on a commercial basis to a family and is srting to bring in welcome market rate rental income. We will continue to spend resources where needed to maintain our buildings in good order. We are continuing to look at options for material works to our buildings, particularly St Andrew’s Church but have not made any firm decisions yet – this is likely to be something we do in 2024. By way of a reminder, the PCC agreed that we should be registered with the Charity Commission as our income is over the £100,000 requirement threshold. This is an important step. There are no material implications or extra onerous responsibilities but it is something we are legally required to do. Members of the PCC are Trustees of the Charity. Despite the frustrations caused by Barclays Bank, when I take into account the missing income payments and expenditure overage detailed in this report, our financial position remains good and we continue to ‘pay our way’ and make a financial difference to the wider community through our missionary fund. ## **1) Financial Statements Overview** The financial statements have been prepared in accordance with the Church Accounting Regulations 2006 together with the applicable accounting standards and the “Statement of Recommended Practice” (SORP) 2015 issued by the Charity Commissioners. ## **Accounting Basis** In 2020 the PCC made the decision to move from the accruals basis of accounting to the receipts and payments basis. This is a simpler basis of accounting which makes it easier to manage the accounts. The key difference is that the receipts and payments basis covers only income and expenditure that has actually gone through the bank accounts whereas the accruals basis requires provisions to be made for income and expenditure that has been incurred even though it may not have passed through the bank accounts. The Charity Commission allows us to do this where our gross income is below £250,000 (section 133 of the 2011 Act). However in 2022 our gross income was above the £250,000 threshold due to the generous legacies we have received. As a result the 2022 accounts were presented on an accruals basis. The PCC decided that for 2023 we would revert back to a receipts and payments basis which is how these accounts are presented. ## **Accounting Software** We use church accounting software for our accounts provided by Data Developments who are one of the leading providers in this field. The software makes it easier to manage the accounts and can produce any required reports automatically. This is the fourth full year of accounts for which we have used this software. ## **Funds** The accounts are split into separate funds. The main funds of the Council are described in terms of their purpose and restrictions at the end of this report. Funds can be Unrestricted, Designated, Restricted or Endowment in nature. - _Unrestricted – these are general funds and can be used by the PCC for any purpose._ - _Designated – these are general funds but with a specific purpose in mind. They can be transferred back to unrestricted funds at any time._ - _Restricted – these are monies donated or allocated for a specific purpose only._ - _Endowment – the capital must be maintained – only income / interest arising from the endowment may be used. We do not currently have any endowment funds._ ## **Bank Accounts** Our main bank account is with Barclays Bank. In addition we have two smaller accounts with RBS (the Royal Bank of Scotland). We are still in the process of moving or closing these accounts (at the request of RBS) although this has proved difficult to do so to date. We also have an account with the CBF (Central Board Of Finance – Church of England). In addition we have two ‘cash in hand’ tins – one at each church. These are represented separately in our accounts. ## **Investment Strategy** The PCC are reviewing our investment strategy to ensure that we are managing our money appropriately and in line with the Charity Commission’s expectations. Having received some significant legacies in to our accounts in 2022 we are looking to invest some of this with additional financial institutions to spread our risk and ensure that our assets are protected by the Financial Services Compensation Scheme which fully protects assets of up to £85,000 in each financial institution. We are considering investing some money with the Chelmsford Diocesan Board of Finance in one of their managed funds. This will give us a greater spread of our financial assets and will give us better medium to long term growth. We will document this fully once it is agreed. However we are first assessing what our spend will be on the various projects that the PCC have been reviewing. ## **Reserves Policy** It is important that we have an established reserves policy to ensure that we can meet our future commitments, for example repairs to the buildings. We will be documenting our reserves policy in 2024 and will include anticipated future significant expenditure in relation to the various buildings that we are responsible for. We are currently working on these numbers in conjunction with our investment strategy. ## **Income** We collect a meaningful amount of fees for funerals and weddings during the course of the year. Most of this is collected on behalf of the diocese and remitted to them. A small amount is clergy expenses often at the discretion of the funeral director. We put both of these elements into an agency fund rather than in the incoming resources as we are collecting on behalf of a third party. ## **Expenditure** We show the full Parish Share in our accounts. We had an arrangement with the Diocese where they reduce our Parish Share monthly contribution as their contribution for the parish house rent. This mounted to £6,145 in 2023. We show the rent as investment income and show the Parish Share in full. This arrangement has now ceased following Hannah’s move. For the last few years we have broken down quite a bit of the expenditure to a more granular level than we historically have done. This enables the PCC to see exactly where our expenditure goes and to consider any adjustments that they might feel appropriate. ## **Fixed Assets** Consecrated property is not included in the accounts in accordance with Section 10(2)(a) and (c) of the Charities Act 2011. The Rectory will appear as an asset of the Chelmsford Diocesan Board of Finance in their financial statements and therefore are not be in the accounts of the PCC. We have included the church house in our assets based on a valuation of £40,000 which was the purchase price in 1985. ## **Moveable church furnishings** Movable church furnishings held by the Vicar and Churchwardens on special trust for the PCC and which require a faculty for disposal are inalienable property and are not included in the Balance Sheet Other movable church furnishings are capitalised at cost and depreciated over their useful economic life as per the list in the following section. For anything acquired prior to 2013 there is insufficient cost information available and therefore such assets are not valued in the financial statements. Since 2013 no individual item has cost more than £1,000. ## **Tangible fixed assets for use by charity** Assets are capitalised if they can be used for more than one year, and cost at least £1,000. They are valued at cost. Any items below £1,000 are included as an expenditure item not an asset on the balance sheet. ## **Depreciation** Depreciation is calculated to write off the capitalized cost of fixed assets less their currently anticipated residual fair value over their estimated useful lives. Assets over £1,000 are depreciated on a straight line basis as follows: - Fixtures & Fittings 10 years - Electronic equipment 3 years - Other functional equipment 5 years ## **Investments** Investments are valued at market value as at 31st December 2023. ## **2) Income** - a. Incoming Resources were down significantly by £205,258 from £330,649 to £125,391. The reason for the difference is due to the extraordinary legacy income we received in 2022 at £236,288 compared with £1,048 in 2023. - b. Our overall donations, excluding legacies, is up a little on 2022 but only after taking into account the missed PGS payments for October and November – see the note below. - c. There was also an extraordinary item in 2023 as a result of Barclays Bank inadvertently closing our account and refunding us £30,285. This issue has now been resolved with the account fully open gain but it has had an impact on the 2023 number, most significantly: - a) Two PGS (Gift Aid) payments did not go through until 2024 which has left us with a shortfall of £3,552 in the 2023 account and will give us an overage of the same amount in the 2024 accounts ## b) A utility overpayment of £1,578.03 which was refunded in 2024 - d. Fees for services (e.g. weddings and funerals) was up a little from £6,812 to £7,691. As mentioned previously, we now account for the Diocesan and clergy elements through an agency collection code as they are not income to us, we are just handling the money on behalf of the Diocese / clergy. - e. Our fundraising yielded a similar amount in 2023 as the previous year, finishing at £2,843. - f. Income from the halls increased again in 2023 going up by £4,011 to £20,596 which is a very pleasing result. Thank you to those involved in looking after the hall lettings – it is an important revenue stream for us and a welcome return to more normal numbers following the COVID impact in some previous years. - g. Investment income increased from £12,091 in 2022 to £14,732 in 2023. There are two elements to this: - a) Parish house rent – fell from £9,180 in 2022 to £6,145 in 2023. This is due to the house being unoccupied for a reasonable portion of the year following the departure of Hannah. We do expect the rent to be significantly higher in 2024 as we are now letting it at the market rate. - b) Investment income has risen from £2,911 in 2022 to £8,586 in 2023 as a result of interest rate rises BUT an important note is that the 4[th] quarter payment which has always come through on the 31[st] December each year did not actually arrive until January 2024. As a result our interest income is understated by £3,393.15. ## **3) Expenditure** - a. Total expenditure increased significantly in 2023 up by £22,946 to £138,810. However this increase is more than covered by the Barclays Bank issue which we had which has inflated both income and expenditure by £30,463. - b. Without this issue expenditure would have been down by £7,517. - c. One expense to call out is the £10,132 spent on improvements to the Parish House. This covers almost all the work needed – there will be a small amount coming in to 2024 for carpeting and a few sundries. - d. The Parish Share continues to be our biggest single expenditure. In 2023 this increased to £58,452 and was paid in full. - e. Utility expenditure, specifically in relation to electricity and gas, increased very significantly in 2023. A major contributor to this increase has been the global rise in wholesale energy prices that has been well documented. Clearly we are hoping that there will be some reductions in 2024 but there is no certainty on that. Charging continue to be a little erratic as it does depend on us completing accurate meter readings which we have not always been able to do. - a) In 2023 we spent £18,248 on electricity and gas across our properties (excluding the Parish House). However this does include an overpayment of £1,578,03. This has been the most expensive year for utilities by some distance - b) We have researched alternative suppliers but without any success in terms of cheaper alternatives. - f. With regard to equipment purchased and received, we made one purchase of note in 2023: - a) New folding chairs at £2,717. - g. With regard to equipment purchased not yet received, we have nothing to note in 2023 - h. Our charitable giving was £6,235 in 2023. This includes our support for CMS, Latin Link and a number of other charities. - i. There were no other material variations in expenditure year on year to which attention needs to be drawn. - j. Remuneration is not paid to PCC members, persons closely connected to them or any related parties. - k. The Independent Examiner has waived any remuneration for the work carried out on these accounts. - l. The PCC made donations of £6,325 to other charitable organisations in 2023. - m. The annual report which appears earlier in this booklet forms part of these accounts. - n. The attached accounts include the following: - a) Statement of Financial Activities (SOFA) – Summary - b) Analysis of Income and Expenditure – Detailed - c) Balance Sheet - d) Statement of Assets and Liabilities - e) Summary Statement of Funds - f) Definition of Funds ## **4) Transfers between funds** - a. £12,478 was transferred between funds in 2023. This was largely in relation to transfers from the general fund to the Missionary Grant fund in line with our policy of giving 10% of our voluntary income to other charitable organisations and appeals. This amounted to £5,706. In addition the PCC agreed to close the Youth and Magazine funds and run this expenditure and income out of the general fund. - b. No amounts were assigned between restricted funds or to/from restricted funds during 2023. ## **5) Transfers between accounts** - a. There were no transfers between bank accounts in 2023. ## **6) Funds** - a. Our various funds are documented at the end of this report. - b. There are no funds in deficit in 2023. The General Fund in Barclays Bank is showing a deficit of £9,702.94 but this is very comfortably offset by the general fund in other accounts. ## **7) Balance Sheet** - a. The balance sheet is a simple summary of our assets and liabilities. - b. Assets include all the monies in our various accounts and the parish house. - c. Liabilities are the fees we have collected which are due to the diocese. We pay these in arrears, typically quarterly, rather than ‘pay as paid’ which is easier for both parties. ## **8) Statement of Assets and Liabilities** - a. This shows what monies are in the four accounts we operate and our ‘cash in hand’ and our fixed assets. - b. Our fixed asset is the Parish House which is included at the purchase price in 1985 of £40,000. - c. The amount we have in the CCLA (CBF) Deposit Account is too high and we are looking to open additional bank accounts in order to ensure that we have no more than £85,000 invested in any one institution. - d. The Agency collections has monies due to the Diocese which were paid over in 2024. - e. We have no creditors in our accounts. - f. The nine funds we operate are included in the Assets and Liabilities report. Most of our funds are in the ‘general fund’ which is unrestricted and can be used for any purpose. ## **9) Other notes** - a. **Ex Gratia payments made by the council** - small gifts to a total of £158 were given to individuals during the course of the year in recognition of voluntary service. - b. **Institution or body corporate connected with the council** - there are no institutions or bodies corporate connected with the council. - c. **Guarantees given by the council** - the council have given no guarantees. - d. **Loans outstanding** - there are no loans outstanding. - e. **Contingent liabilities** - there are no recognised contingent liabilities. - f. **Other material financial commitments** - there are no other known material financial commitments over and above those shown in the accounts or notes to the accounts. **Patrick Dromgoole** **Treasurer** ## **St Andrew & St Peter, South Shoebury** ## **Definition of Funds** |**Name**|**Name**|**Purpose**|**Purpose**|**Restrictions**|**Designation**| |---|---|---|---|---|---| |**Building Fund – St**
**Andrew’s**||To
fund
significant
maintenance
and
future
developments concerning the
Church and Hall buildings||Only for the purposes of church
and
hall
significant
maintenance and development
projects at St Andrew’s|Designated
and
some is Restricted| |**Building Fund – St**
**Peter’s**||To
fund
significant
maintenance
and
future
developments concerning the
Church and Hall buildings||Only for the purposes of church
and
hall
significant
maintenance and development
projects at St Peter’s|Designated| |**Churchyard Fund**||To
provide
for
the
maintenance and upkeep of
the St Andrew’s Churchyard||Only
for
the
upkeep
and
maintenance of the churchyard|Restricted| |**General Fund**||The main fund we have for
the general activities of the
Parish||None|Unrestricted| |**Magazine Fund**||To hold funds for magazine
related
activity
including
production costs||Only
for
magazine
related
activities and expenditure|Designated| |**Missionary Grant**
**Fund**||To hold funds for distribution
to Christian charities and
other organisations &/or to
respond to disaster appeals
calculated on 10% of our
voluntary income.||For distribution to charities /
organisations as directed by the
PCC during the financial year
or in the first quarter of the
following year|Designated| |**Parish**
**House**
**Fund**||To
provide
for
the
maintenance and upkeep of
the Parish House||Only
for
the
upkeep
and
maintenance
of
the
Parish
House|Designated| |**Youth Fund**||To hold funds given for youth
work||To be used for youth work only|Designated| |**Agency**
**Collections**||To hold monies collected for
third parties e.g. CDBF Fees,
Charity collections etc.||Amounts to be paid over only to
the parties for whom they have
been collected|Restricted| ||||**Definition**
these monies can be used for any purpose
these monies have been set aside by the PCC for a specific purpose
these monies have been given for a specific purpose and can only be used for
thatpurpose||| ||**Type**||**Definition**||| ||**Unrestricted**||these monies can be used for any purpose||| ||**Designated**||these monies have been set aside by the PCC for a specific purpose||| ||**Restricted**||these monies have been given for a specific purpose and can only be used for
thatpurpose||| ## **Parish of St Andrew & St Peter South Shoebury** ## **Statement of Financial Activities** ## **For the period from 01 January 2023 to 31 December 2023** ||**Unrestricted**|**Restricted**|**Endowment**|**Total**|**Prior year**| |---|---|---|---|---|---| ||**funds**|**funds**|**funds**|**funds**|**total funds**| |**_Income and endowments from:_**|||||| |Donations and legacies|48,295|270|—|48,565|282,454| |Income from charitable activities|7,391|300|—|7,691|6,812| |Other trading activities|24,117|—|—|24,117|19,910| |Investments|14,731|—|—|14,731|12,091| |Other income|30,285|—|—|30,285|9,380| |**Total income**|**124,821**|**570**|**—**|**125,391**|**330,649**| |**_Expenditure on:_**|||||| |Raising funds|15,126|—|—|15,126|23,689| |Expenditure on charitable activities|128,358|10,452|—|138,810|115,864| |Other expenditure|4,102|—|—|4,102|4,651| |**Total expenditure**|**147,587**|**10,452**|**—**|**158,039**|**144,205**| |**Net income / (expenditure) resources before transfer**|**(22,765)**|**(9,882)**|**—**|**(32,647)**|**186,443**| ||||||| |**_Transfers_**|||||| |Gross transfers between funds - in|2,304|6,238|—|8,543|7,170| |Gross transfers between funds - out|(8,543)|—|—|(8,543)|(7,170)| |**_Other recognised gains / losses_**|||||| |Gains / losses on investment assets|—|—|—|—|—| |Gains on revaluation, fixed assets, charity's own use|—|—|—|—|—| |**Net movement in funds**|**(29,004)**|**(3,643)**|**—**|**(32,647)**|**186,443**| |**_Reconciliation of funds_**|||||| |**Total funds brought forward**|**352,370**|**11,401**|**—**|**363,772**|**177,328**| |**Total funds carried forward**|**323,366**|**7,757**|**—**|**331,124**|**363,772**| _**There may be minor discrepancies in the totals if the pence are not being shown**_ 11 February 2024 Page 1 **Parish of St Andrew & St Peter South Shoebury** ## **Analysis of income and expenditure** ## **Selected period: 01 January 2023 to 31 December 2023** |||||||**Total**|| |---|---|---|---|---|---|---|---| ||**Unrestricted**|**Designated**|**Restricted**|**Endowment**|**This year**||**Last year**| |**Income and endowments**|||||||| |**_Donations and legacies_**|||||||| |0101 - Gift Aid - Bank|—|—|—|—|—||1,461| |0110 - Gift Aid - PGS|16,565|—|—|—|16,565||17,060| |0160 - Non-Gift Aid|4,031|—|—|—|4,031||3,713| |0201 - Other collections|635|—|—|—|635||459| |0301 - Loose plate collections St A|13,150|—|—|—|13,150||12,014| |0302 - Loose plate collections St P|2,892|—|—|—|2,892||3,045| |0420 - Flowers|155|—|—|—|155||376| |0430 - Churchyard|—|—|270|—|270||420| |0501 - One-off Gift Aid gifts|—|—|—|—|—||730| |0510 - Gift Day|—|—|—|—|—||—| |0550 - Donations appeals etc|4,056|—|—|—|4,056||2,192| |0601 - Tax recoverable on Gift Aid|5,728|—|—|—|5,728||4,566| |0701 - Legacies|1,048|—|—|—|1,048||236,288| |0901 - Other funds generated|34|—|—|—|34||127| |**_Donations and legacies Totals_**|48,295|—|270|—|48,565||282,454| |**_Income from charitable activities_**|||||||| |1101 - Fees for weddings|463|—|—|—|463||732| |1111 - Fees for funerals|6,928|—|—|—|6,928||5,920| |1121 - Fees for baptisms|—|—|—|—|—||—| |1131 - Fees for churchyard|—|—|300|—|300||160| |1245 - Hire of the church|—|—|—|—|—||—| |**_Income from charitable activities_**|7,391|—|300|—|7,691||6,812| |**_Totals_**|||||||| |**_Other trading activities_**|||||||| |0910 - Fundraising events|2,843|—|—|—|2,843||2,861| |1230 - Church hall lettings - St Andrew|7,755|—|—|—|7,755||8,808| |1240 - Church hall lettings - St Peter|12,841|—|—|—|12,841||7,777| |1250 - Magazine income - advertising|433|—|—|—|433||315| |1260 - Parish magazine sales|65|—|—|—|65||97| |1270 - Sundry|180|—|—|—|180||51| |**_Other trading activities Totals_**|24,117|—|—|—|24,117||19,910| |**_Investments_**|||||||| |1020 - Bank and building society|8,586|—|—|—|8,586||2,911| |interest|||||||| |1030 - Rent from parish house|—|6,145|—|—|6,145||9,180| |**_Investments Totals_**|8,586|6,145|—|—|14,731||12,091| |**_Other income_**|||||||| |1310 - Insurance claims|—|—|—|—|—||6,300| |1315 - Other|30,285|—|—|—|30,285||3,080| |**_Other income Totals_**|30,285|—|—|—|30,285||9,380| |**Income and endowments**|118,676|6,145|570|—|125,391||330,649| |**Grand totals**|||||||| _**There may be minor discrepancies in the totals if the pence are not being shown**_ 11 February 2024 Page 1 |||||||**Total**|| |---|---|---|---|---|---|---|---| ||**Unrestricted**|**Designated**|**Restricted**|**Endowment**|**This year**||**Last year**| |**Expenditure**|||||||| |**_Raising funds_**|||||||| |1730 - Costs of fundraising events|—|—|—|—|—||10| |1740 - Investment management costs|—|—|—|—|—||—| |2466 - St Andrew hall waste collection|2,173|—|—|—|2,173||1,805| |2486 - St Peter Hall waste collection|2,173|—|—|—|2,173||1,805| |2600 - Parish house maintenance|—|10,132|—|—|10,132||19,720| |2610 - Parish house insurance|—|—|—|—|—||—| |2620 - Parish house utilities|646|—|—|—|646||347| |2650 - Parish house council tax|—|—|—|—|—||—| |**_Raising funds Totals_**|4,994|10,132|—|—|15,126||23,689| |**_Expenditure on charitable activities_**|||||||| |1801 - Missionary grants|—|—|6,325|—|6,325||8,986| |1901 - Parish share|58,452|—|—|—|58,452||51,133| |2101 - Working expenses of incumbent|567|—|—|—|567||368| |2120 - Rectory council tax|—|—|—|—|—||—| |2130 - Rectory expenses|—|—|—|—|—||115| |2301 - Insurance St Andrew|2,722|—|—|—|2,722||2,584| |2302 - Insurance St Peter|1,204|—|—|—|1,204||1,156| |2330 - Church maintenance St Andrew|5,714|—|—|—|5,714||757| |2331 - Church maintenance St Peter|310|—|—|—|310||7,009| |2333 - Major repairs St Andrew Church|—|—|—|—|—||765| |2335 - Major repairs St Peter Church|2,330|—|—|—|2,330||6,550| |2401 - St Andrew Church electric|3,816|—|—|—|3,816||4,411| |2411 - St Peter Church electric|—|—|—|—|—||63| |2461 - St Andrew Hall electricity|2,984|—|—|—|2,984||1,002| |2463 - St Andrew Hall gas|2,939|—|—|—|2,939||884| |2465 - St Andrew Hall water|98|—|—|—|98||232| |2481 - St Peter Hall electricity|1,968|—|—|—|1,968||930| |2483 - St Peter Hall gas|6,541|—|—|—|6,541||2,809| |2485 - St Peter Hall water|109|—|—|—|109||36| |2560 - St Andrew Hall maintenance|168|—|—|—|168||4,940| |2561 - St Peter Hall maintenance|3,600|—|—|—|3,600||2,720| |2563 - St Andrew Hall cleaning|1,017|—|—|—|1,017||1,155| |2565 - St Peter Hall cleaning|1,017|—|—|—|1,017||995| |2590 - Upkeep of churchyard|—|—|4,127|—|4,127||7,630| |2700 - Magazine expenses|—|—|—|—|—||—| |2710 - Postage, printing, stationery|865|—|—|—|865||1,134| |2720 - Website|358|—|—|—|358||—| |2765 - Church activities|696|—|—|—|696||6,825| |2767 - Music|413|—|—|—|413||502| |2780 - Governance costs|30,463|—|—|—|30,463||164| |**_Expenditure on charitable_**|128,358|—|10,452|—|138,810||115,864| |**_activities Totals_**|||||||| |**_Other expenditure_**|||||||| |2750 - Equipment|3,083|—|—|—|3,083||3,596| |2760 - Flowers|513|—|—|—|513||635| |2790 - Fees|172|—|—|—|172||136| |2800 - Sundries|332|—|—|—|332||282| |**_Other expenditure Totals_**|4,102|—|—|—|4,102||4,651| |**Expenditure Grand totals**|137,455|10,132|10,452|—|158,039||144,205| _**There may be minor discrepancies in the totals if the pence are not being shown**_ 11 February 2024 Page 2 **Parish of St Andrew & St Peter South Shoebury** ## **Balance Sheet detailed** |||**31/12/2023**
**31/12/2022**
**As at**
**As at**| |---|---|---| |**Fixed assets**
40,000.00
6630: Parish House
40,000.00
**40,000.00**
**Total Fixed assets**
**40,000.00**
**Current assets**
10,631.23
6501: Barclays current account
62,317.89
519.33
6505: Royal Bank of Scotland Current Account
519.33
2,531.89
6506: Royal Bank of Scotland High Interest Acc
2,531.89
276,509.06
6510: CCLA (CBF) deposit account
267,922.39
5.12
6590: Cash in hand St A
17.46
91.50
6591: Cash in hand St P
22.16
**290,288.13**
**Total Current assets**
**333,331.12**
**Liabilities**
(836.27)
6699: Agency collections
448.44
—
Z04: Accounts Payable
9,110.40
**(836.27)**
**Total Liabilities**
**9,558.84**
**331,124.40**
**Net Asset surplus (deficit)**
**363,772.28**
**Reserves**
(32,647.88)
Excess / (deficit) to date
204,669.38
363,772.28
Z01: Starting balances
159,102.90
**331,124.40**
**Total Reserves**
**363,772.28**
269,813.96
Unrestricted
292,526.79
53,552.71
Designated
59,844.08
7,757.73
Restricted
11,401.41
—
Endowment
—
**Represented by Funds**
**331,124.40**
**363,772.28**
**Total**||| |||| |||| 11 February 2024 Page 1 **Parish of St Andrew & St Peter South Shoebury** ## **Statement of Assets and Liabilities (by fund) As at: 31 December 2023** ||**Balance**|**Previous**
**balance**| |---|---|---| |**Tangible assets**
**6630: Parish House - Asset**
Parish House
Designated
**Tangible assets**
**Cash at bank and in hand**
**6501: Barclays current account - Asset**
Youth fund
Designated
General fund
Unrestricted
Churchyard Fund
Restricted
Missionary Grant Fund
Restricted
Building Fund St
Andrew
Designated
Building Fund St
Andrew
Restricted
Building Fund St Peter
Designated
Parish House
Designated
Magazine
Designated
Agency collection
Restricted
**6505: Royal Bank of Scotland Current Account - Asset**
General fund
Unrestricted
Churchyard Fund
Restricted
**6506: Royal Bank of Scotland High Interest Acc - Asset**
General fund
Unrestricted
**6510: CCLA (CBF) deposit account - Asset**
General fund
Unrestricted
**6590: Cash in hand St A - Asset**
General fund
Unrestricted
**6591: Cash in hand St P - Asset**
General fund
Unrestricted
**Cash at bank and in hand**|40,000.00
**40,000.00**
**40,000.00**
—
(9,702.94)
7,333.15
341.77
30.00
1,516.81
482.57
13,040.14
—
(2,410.27)
**10,631.23**
379.33
140.00
**519.33**
2,531.89
**2,531.89**
276,509.06
**276,509.06**
5.12
**5.12**
91.50
**91.50**
**290,288.13**|40,000.00
**40,000.00**
**40,000.00**
50.00
30,763.96
10,357.83
960.77
30.00
1,516.81
482.57
17,026.98
2,254.53
(1,125.56)
**62,317.89**
379.33
140.00
**519.33**
2,531.89
**2,531.89**
267,922.39
**267,922.39**
17.46
**17.46**
22.16
**22.16**
**333,331.12**| 11 February 2024 Page 1 ||**Balance**|**Previous**
**balance**| |---|---|---| |**Agency accounts**
**6699: Agency collections - Liability**
Agency collection
Restricted
**Agency accounts**
**Creditors: Amounts falling due in one year**
**Z04: Accounts Payable - Liability**
General fund
Unrestricted
**Creditors: Amounts falling due in one year**
**Grand Total**|(836.27)
**(836.27)**
**(836.27)**
—
**—**
**—**
**331,124.40**|448.44
**448.44**
**448.44**
9,110.40
**9,110.40**
**9,110.40**
**363,772.28**| 11 February 2024 Page 2