## **The Parochial Church Council of the Ecclesiastical Parish of Rickmansworth (The PCC for the Parish Church of St Mary the Virgin)** Charity Registration number: 1201244 

## **Report of the Trustees** 

The Trustees present their report and financial statements for the year ended 31 December 2023.  The financial statements comply with current statutory requirements.  The following pages set out our financial position during the year and our activities.  A separate report details the activities of  all  the  Church  groups  during  the  year.   No  funds  are  held  by  a Custodian Trustee – details of the investments held are set out in Note 6 to the accounts. 

## **How we are run** 

The Charity is governed by the Parochial Church Council Powers Measure (1956) as amended and the Church Representation Rules that came into force on 02 January 1956.  The Charitable objects of the charity are to promote the whole mission of the Church of England in the Ecclesiastical Parish. 

## **Our Trustees** 

The following members of the congregation of the Parish Church of St Mary the Virgin (the Church) served as Trustees during the year up to 28th April 2023: 

Rev Gary Norman (Vicar and Chair) Jane Earl (Lay Vice-Chair) Alison Coster (Secretary) Adam Shiels (Treasurer) Gillian Bayley Andrew Bond David Carruthers Jean Dodds David Gilbert John Glidden Martyn Gowing David Hibbert Susan Hillier Hilary Stevenson Alison Vincent Edwards Petra Hedges Roger Willet Judith Haigh Maxine Platzman 

Address; St Mary’s Church, Church Street, Rickmansworth, WD3 1JB Website: www.stmarysrickmansworth.org.uk 



Members of the Parochial Church Council (PCC) are elected at the Annual Parochial Church Council (APCM).  Each candidate is required to be on the Electoral Roll of the Parish and is proposed and seconded by a member of the Church congregation.  In the event that more people stand than there are places available, a ballot takes place. 

St Mary’s is no longer in vacancy, as the new incumbent the Revd Gary Norman, began his ministry after his licensing and installation on the 2[nd] October 2023. 

Revd Gary brings with him  20 years of experience as an ordained member of the clergy, formerly ministering within Durham diocese across a number of multi parish benefices. Additionally, he has worked across a number of social working and charity sector settings. He is both excited and encouraged by the opportunities for missional witness and church growth evident at St Marys 

## **Mission Action Plan** 

We reviewed our Mission Action Plan in 2022 and set out our vision for our future: 

To be a spiritual, prayerful and dynamic church 

To be a welcoming, inclusive and accessible church 

To be a joyful church serving the whole community 

To achieve this, we established four key goals: Engaging youth and children's work Empowering and inspiring leadership Welcome and invitation Sound finances and teaching on generosity and giving 

Further details of our Mission Action Plan can be found on the Diocesan website. 

Revd Gary will be working closely with the Church community of St Marys in the ongoing  implementation and reviewing of the Mission Action Plan. With Garys oversight and contribution the plan will continue to evolve and grow in its aims; and will remain a primary focus of the Mission and Outreach subcommittee and the PCC 

## **Activities during the year** 

The PCC met regularly (at least bi monthly)  during the year and was supported by the Standing Committee (which comprised the Incumbent, the Lay-Vice Chair, the Secretary, the Treasurer, and 2 PCC members), and the three PCC committees: 

Community & Outreach (chaired by David Carruthers) Fabric & Churchyard (chaired by Martyn Gowing); and 

Address; St Mary’s Church, Church Street, Rickmansworth, WD3 1JB Website: www.stmarysrickmansworth.org.uk 



Stewardship & Finance (chaired by John Glidden). 

St Mary’s continues to thrive as a church community, thanks to the work of its PCC and sub committees and the generosity of its many volunteers and supporters 

A separate report sets out in detail the activities which have taken place during the year and can be obtained from the Church office: churchofce@stmarysrickmansworth.org.uk. 

## **Public Benefit** 

We have a duty to have due regard to the Charity Commission’s public benefit guidance, under Section 17 of the Charities Act 2011. We are confident that we meet those public benefit requirements having taken Charity Commission guidance into consideration.  Our Mission as set out above is to promote the Church in the Parish and we believe we have fulfilled that Mission by ensuring that ecclesiastical services have been available to the congregation and members of the public on Sundays, midweek mornings and Holy days and festivals.  We have also provided facilities for Baptisms, Weddings and Funerals as required and our Church centre is a venue used for many voluntary organisations. 

## **Financial Review** 

The PCC determines the amount of desired free reserves, being unrestricted funds not otherwise designated, as £56,086 calculated as 4 months  day  to  day  expenditure  from  the  2023  accounts.  This  is  in accordance with our Reserves Policy which states: 

_“The Parochial Church Council has agreed that the level of free reserves, that is to say the funds held which are neither restricted nor endowment funds,  should  be  equivalent  to  four  months  of  regular  expenditure together  with  those  further  known  and  necessary  items  of  future expenditure”_ 

At the end of the financial year the charity held free reserves of £137,704. This is higher than the level of desired free reserves of £56,085. Given the current context of continuing high energy prices and upcoming work resulting from our Quinquennial Inspection, it is positive and prudent that we hold more than the desired level of free reserves referred to in our Reserves Policy. 

## For and on behalf of the Trustees 

## Jane Earl 

Address; St Mary’s Church, Church Street, Rickmansworth, WD3 1JB Website: www.stmarysrickmansworth.org.uk 



Lay Vice-Chair, PCC Revd .Gary Norman Chair of PCC and incumbent   Date: 18[th] March 2024 

Address; St Mary’s Church, Church Street, Rickmansworth, WD3 1JB Website: www.stmarysrickmansworth.org.uk 



## **ST MARY'S RICKMANSWORTH** 

## **The Church of England** 

## **Annual Report and Financial Statements of the Parochial Church Council** 

**for the year ended 31 December 2023** 

**Vicar: Rev Gary Norman** 

**Bank : Lloyds Bank PLC Units 32 & 32a, Atrium Shopping Centre Watford, Hertfordshire WD17 2UB** 

**Independent Examiner : Ms N.Anderson FCA FCIE 189 Baldwins Lane Croxley Green Hertfordshire WD3 3LL** 

_**Page 6**_ 



## **PAROCHIAL CHURCH COUNCIL OF ST MARY'S RICKMANSWORTH** 

## **STATEMENT OF FINANCIAL ACTIVITIES For the 12 Months ended 31 December 2023** 

|**STATEMENT OF FINANCIAL ACTIVITIES**<br>**For the 12 Months ended 31 December**|**2023**|**2023**|||||
|---|---|---|---|---|---|---|
||**Unrestricted**||**Restricted**|**Endowment **|**TOTAL**|**FUNDS**|
|||**Fund**|**Fund**|**Fund**|**2023**|**2022**|
||**Note**|**£**|**£**|**£**|**£**|**£**|
|**INCOMING RESOURCES**|||||||
|Incoming resources from donors|2a|162,058|0|0|162,058|141,661|
|Ancillary income|2b|36,912|0|0|36,912|30,497|
|Income from investments|2c|4,377|3,498|0|7,876|6,947|
|**TOTAL INCOMING RESOURCES**||203,347|3,498|0|206,845|179,105|
|**RESOURCES USED**|||||||
|Charitable giving|3a|4,372|0|0|4,372|-500|
|Activities directly relating to the|3b|148,867|60|0|148,927|183,202|
|work of the church|||||||
|Church management and|3c|15,019|0|0|15,019|14,563|
|administration|||||||
|**TOTAL RESOURCES USED**||168,258|60|0|168,318|197,265|
|**NET INCOMING RESOURCES**||35,089|3,439|0|38,528|-18,159|
|**GAINS AND LOSSES ON INVESTMENTS**|||||||
|-unrealised||1,484|2,885|9,117|13,486|-42,514|
|**NET MOVEMENT IN FUNDS**||36,573|6,324|9,117|52,014|-60,673|
|BALANCES BROUGHT FORWARD|||||||
|AT 1 JANUARY||103,016|91,874|96,065|290,955|351,628|
|**BALANCES CARRIED FORWARD**|||||||
|**AT 31 DECEMBER**||139,589|98,197|105,183|342,969|290,955|



_The notes on pages 4 to 12 form part of these accounts_ 

_**Page 7**_ 



## **PAROCHIAL CHURCH COUNCIL OF ST MARY'S RICKMANSWORTH** 

## **BALANCE SHEET AT 31 DECEMBER 2023** 

|**Note**<br>**FIXED ASSETS**<br>_Investment assets_<br>6<br>Dicoese Plate Fund<br>Epworth Investment Fund<br>**CURRENT ASSETS**<br>Debtors<br>8<br>Short term deposits<br>Cash at bank and in hand<br>**LIABILITIES: AMOUNTS FALLING**<br>**DUE WITHIN ONE YEAR**<br>9<br>**NET CURRENT ASSETS**<br>**NET ASSETS**<br>**FUNDS**<br>7<br>Unrestricted<br>Restricted<br>Endowment|**2023**<br>**£**<br>105,182<br>144,283<br>249,466<br>10,794<br>6,834<br>86,706<br>104,333<br>-10,830<br>93,503<br>342,969<br>139,589<br>98,197<br>105,183<br>342,969|**2022**<br>**£**<br>96,065<br>135,214|
|---|---|---|
|||231,280|
|||15,429<br>6,621<br>54,244|
|||76,294|
|||-16,618|
|||59,676|
|||290,955|
|||103,016<br>91,874<br>96,065|
|||290,955|



_The notes on pages 4 to 12 form part of these accounts. These accounts were approved by the PCC and signed on their behalf by :_ 

_Adam Shiels, Treasurer 29/MAR/2024_ 

_**Page 8**_ 



## **PAROCHIAL CHURCH COUNCIL OF ST MARY'S RICKMANSWORTH** 

## **NOTES TO THE FINANCIAL STATEMENTS For the 12 Months ended 31 December 2023** 

## **ACCOUNTING POLICIES** 

The financial statements have been prepared in accordance with the Church Accounting Regulations 2006 and in complia with Financial Reporting Standard 102 (September 2015) as applicable for Small Entities. The financial statements have b prepared under the historical cost convention except for the valuation of investment assets, which are shown at market v 

## **Funds** 

General funds represent the funds of the PCC that are not subject to any restrictions regarding their use and are available application on the general purposes of the PCC. Funds designated for a particular purpose by the PCC are also unrestricte 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 

## **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 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 du Funds raised by events and income from the sale of the parish magazine are accounted for gross. 

## _Other ordinary income_ 

Rental income from the letting of church premises is recognised when the rental is due. 

## _Income from investments_ 

Dividends and interest are accounted for when receivable. Tax recoverable on such income is recognised in the same _Gains and losses on investments_ 

Unrealised gains or losses are accounted for on revaluation of investments at 31 December. 

## **Resources used** 

## _Charitable giving_ 

Donations are accounted for when approved for payment by the PCC. 

## _Activities directly relating to the work of the Church_ 

The diocesan quota or parish share is accounted for when payable. Any quota unpaid at 31 December is provided for in th accounts as an operational (though not a legal) liability and is shown as a creditor in the Balance Sheet. 

## **Fixed assets** 

## _Consecrated land and buildings and movable church furnishings_ 

Consecrated and beneficed property is excluded from the accounts by s.96(2)(a) of the Charities Act 1993. 

No value is placed on movable church furnishings held by the churchwardens on special trust for the PCC and which requi faculty for disposal since the PCC consider this to be inalienable property. All expenditure incurred during the year on con or beneficed buildings and movable church furnishings, whether maintenance or improvement, is written off as expenditu SOFA and separately disclosed. 

## _Other fixtures, fittings and office equipment_ 

Equipment used within the church premises is depreciated on a straight line basis over 4 years. Individual items of equipm a purchase price of £3000 or less are written off when the asset is acquired. 

## _Investments_ 

Investments are valued at market value at 31 December. 

## _Current assets_ 

Amounts owing to the PCC at 31 December in respect of fees, rents or other income or prepayment of expenses are show debtors less provision for amounts that may prove uncollectible. 

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

## **Domicilary** 

St Mary's PCC is registered with the Church of England, within the diocese of St Albans, at St Mary's Church, Church Stree Rickmansworth, Hertfordshire, England, WD3 1JB 

_**Page 9**_ 



## **PAROCHIAL CHURCH COUNCIL OF ST MARY'S RICKMANSWORTH** 

## **NOTES TO THE FINANCIAL STATEMENTS (continued)** 

## **For the 12 Months ended 31 December 2023** 

|**2**<br>**INCOMING RESOURCES**<br>2a<br>_Incoming resources from donors_<br>Planned giving:<br>Under Gift Aid<br>Not under Gift Aid<br>Additional donations outside regular giving<br>Legacies and bequests<br>Gift Aid on Planned Giving<br>Gift Aid on Other Giving<br>2b<br>_Ancillary income_<br>Church Hall Lettings<br>Church Lettings<br>Fees<br>Grant : Listed Places of Worship Scheme<br>Dicocese Energy Grant<br>Events & Other Income<br>2c<br>_Income from investments_<br>Dividends and interest including<br>any reclaimed tax<br>**TOTAL INCOMING RESOURCES**<br>Collections at services & online, gift aid<br>envelopes, donated via sum-up devices|**Unrestricted**<br>**Restricted**<br>**Endowment**<br>**TOTAL FUNDS**<br>**Fund**<br>**Fund**<br>**Fund**<br>**2023**<br>**2022**<br>**£**<br>**£**<br>**£**<br>**£**<br>**£**<br>80,251<br>0<br>0<br>80,251<br>84,537<br>7,188<br>0<br>0<br>7,188<br>7,516<br>13,330<br>0<br>0<br>13,330<br>10,549<br>1,000<br>0<br>0<br>1,000<br>1,163<br>35,818<br>0<br>0<br>35,818<br>15,001<br>21,765<br>0<br>0<br>21,765<br>21,134<br>2,705<br>0<br>0<br>2,705<br>1,762|
|---|---|
||162,058<br>0<br>0<br>162,058<br>141,661|
||19,489<br>0<br>0<br>19,489<br>9,790<br>747<br>0<br>0<br>747<br>1,519<br>4,775<br>0<br>0<br>4,775<br>8,234<br>6,711<br>0<br>0<br>6,711<br>2,383<br>0<br>0<br>0<br>0<br>1279<br>5,191<br>0<br>0<br>5,191<br>7,292|
||36,912<br>0<br>0<br>36,912<br>30,497|
||4,377<br>3,498<br>0<br>7,876<br>6,947|
||203,347<br>3,498<br>0<br>206,845<br>179,105|



_**Page 10**_ 



## **PAROCHIAL CHURCH COUNCIL OF ST MARY'S RICKMANSWORTH NOTES TO THE FINANCIAL STATEMENTS (continued) For the 12 Months ended 31 December 2023** 

|**3**<br>**RESOURCES USED**<br>3a<br>_Charitable giving_<br>Mission and charitable giving: DEC Israel-Palestine<br>Balance to be disbursed by the Charitable Giving Comm<br>3b<br>_Activities directly relating to the work of the Church_<br>Ministry:   Parish Share<br>Methodist assessment<br>vicar/staf expenses<br>Services:  sanctuary inc silverware<br>books, music<br>Organists & bellringers<br>Christmas & Advent, Easter, Induction, Remembra<br>Community, Outreach & Christian education<br>Church running expenses<br>insurance<br>heating, lighting and water<br>church maintenance<br>Church hall running costs<br>maintenance<br>major expenses<br>cleaning<br>Cost of fee generating activities<br>Major repairs / improvements<br>Sundries<br>3c<br>_Church management and_<br>_administration_<br>Parish Administrator<br>Printing, Post, Stationary & Other Admin<br>Telephone<br>Publicity<br>Ofce equipment<br>**TOTAL RESOURCES USED**<br>**4 STAFF COSTS**<br>Wages and salaries|**Unrestricted**<br>**Restricted**<br>**Endowment**<br>**Fund**<br>**Fund**<br>**Fund**<br>**£**<br>**£**<br>**£**<br>500<br> <br>3,872|**TO**<br>**2023**<br>**2022**<br>**£**<br>**£**<br>500<br>0<br>3,872<br>-500|
|---|---|---|
||4,372<br>0<br>0|4,372<br>-500|
||87,061<br>0<br>469<br>-122<br>1,707<br>3,828<br> <br>391<br>540<br>5,554<br>23,062<br>11,927<br>3,528<br>358<br>5,419<br>4,312<br>0<br>60<br>832|87,061<br>90,941<br>0<br>0<br>469<br>2,694<br>-122<br>2,042<br>1,707<br>1,482<br>3,828<br>3,478<br>391<br>459<br>540<br>1,159<br>5,554<br>5,353<br>23,062<br>13,235<br>11,927<br>5,460<br>3,528<br>1,390<br>358<br>144<br>5,419<br>3,672<br>4,312<br>6,550<br>60<br>44,254<br>832<br>891|
||148,867<br>60<br>0|148,927 183,202|
||8,654<br>2,216<br>1,428<br>1,372<br>1,350|8,654<br>8,242<br>2,216<br>3,148<br>1,428<br>1,027<br>1,372<br>330<br>1,350<br>1,816|
||15,019<br>0<br>0|15,019<br>14,563|
||168,258<br>60<br>0|168,318 197,265|
|||8,654<br>8,242|



During the year the PCC employed a parish secretary, who did not earn £60,000 p. a. or more. 

**5 SITE & FABRIC EXPENDITURE INCLUDED ABOVE** 

This expenditure was for the Quinnquennial Inspection 

_**Page 11**_ 



**PAROCHIAL CHURCH COUNCIL OF ST MARY'S RICKMANSWORTH** 

## **NOTES TO THE FINANCIAL STATEMENTS (continued) For the 12 Months ended 31 December 2023** 

## **6 FIXED ASSETS FOR USE BY THE PCC** 

6 Investment assets 

- 6a 4,653 shares in the CBF's Investment Fund - historical cost £6,357. Valuation at 31 December 2023 £105,183 (2022 £96,065). 

|6b Epworth Investment Fund including dividends<br>Market valuation at 31 December 2022<br>Purchase<br>Redemption<br>Re-invested Dividend Income<br>Gain unrealised (including dividends)<br>Market valuation at 31 December 2023|Equity<br>Corporate Bonds<br>Affrimative Deposit<br>Total<br>£65,829<br>£69,373<br>£12<br>£135,214<br>£71,403<br>£71,403<br>£0<br>-£71,403<br>-£71,403<br>£2,918<br>£456<br>£1,327<br>£4,700<br>£2,795<br>£1,574<br>£4,368|
|---|---|
||£71,541<br>£0<br>£72,742<br>£144,283|



## **7 ANALYSIS OF NET ASSETS BY FUND AT 31/DEC/2023** 

|||**Unrestricted**|**Restricted**|**Endowment**|**TOTAL**|**TOTAL**|
|---|---|---|---|---|---|---|
|||**Fund**|**Fund**|**Fund**|**2023**|**2022**|
|||**£**|**£**|**£**|**£**|**£**|
||Investments|46,084|98,199|105,183|249,466|231,280|
||Current Assets|104,333|0|0|104,333|76,294|
||Current Liabilities|-10,830|0|0|-10,830|-16,618|
|||139,588|98,199|105,183|342,970|290,955|
||**2022 COMPARATIVE (31/DEC/2022)**||||||
|||**Unrestricted**|**Restricted**|**Endowment**|**TOTAL**|**TOTAL**|
|||**Fund**|**Fund**|**Fund**|**2022**|**2021**|
|||**£**|**£**|**£**|**£**|**£**|
||Investments|43,340|91,874|96,065|231,280|319,788|
||Current Assets|76,294|0|0|76,294|50,527|
||Current Liabilities|-16,618|0|0|-16,618|-18,686|
|||103,016|91,874|96,065|290,955|351,628|
|**8**|**DEBTORS**||||**2023**|**2022**|
||||||**£**|**£**|
||Income tax recoverable on gift aid||||10,635|10,074|
||Other debtors and prepayments||||159|5,355|
||||||10,794|15,429|
|**9**|**LIABILITIES: AMOUNTS FALLING DUE**|**WITHIN ONE YEAR**|||||
||Charitable giving||||3,872|724|
||Creditors for goods and services, etc.||||6,958|15,894|
||||||10,830|16,618|



_**Page 12**_ 



## **PAROCHIAL CHURCH COUNCIL OF ST MARY'S RICKMANSWORTH** 

## **NOTES TO THE FINANCIAL STATEMENTS (continued) For the 12 Months ended 31 December 2023** 

## **10 FUND DETAILS** 

|**Purpose**<br>**Unrestricted**<br>Charitable giving<br>General use of the church, identified for charitable giving<br>Vicar's discretionary<br>General use of the church, identified for Vicars discretionary payments<br>General Unrestricted Fund<br>General use of the church<br>Accumulated deficit<br>General use of the church<br>**Restricted**<br>Chair Fund<br>To be spent on the Fabric of the Church<br>Myers Bequest (Fabric)<br>To be spent on the Fabric of the Church<br>Carter Bequest (Fabric)<br>To be spent on the Fabric of the Church<br>Accumulated interest from Endowment Fund (Fabric)<br>To be spent on the Fabric of the Church<br>**Endowment**<br>See footnote (below)<br>Total|**2023 c.f**<br>**income**<br>**expenditure**<br>**transfers**<br>**2022**<br>**income**<br>**expenditure**<br>**transfers**<br>**2021 b.f**<br>885<br>0<br>0<br>885<br>0<br>0<br>885<br>1,000<br>0<br>0<br>1,000<br>363<br>-322<br>960<br>178,146<br>178,146<br>178,146<br>-40,442<br>203,347<br>-168,258<br>1,484<br>-77,015<br>176,235<br>-153,720<br>-9,072<br>-90,458<br>**gain / loss**<br>**on**<br>**investments**<br>**gain / loss**<br>**on**<br>**investments**|
|---|---|
||139,589<br>203,347<br>-168,258<br>1,484<br>0<br>103,016<br>176,597<br>-154,042<br>-9,072<br>0<br>89,533|
||398<br>14<br>0<br>12<br>373<br>-27<br>-175<br>-47<br>621<br>82,614<br>2,943<br>-50<br>2,427<br>77,294<br>-5,510<br>-36,363<br>-9,661<br>128,829<br>3,687<br>131<br>-2<br>108<br>3,450<br>-246<br>-1,623<br>-431<br>5,750<br>11,499<br>410<br>-7<br>338<br>10,758<br>-768<br>-5,062<br>-1,345<br>17,932|
||98,198<br>3,498<br>-60<br>2,885<br>0<br>91,874<br>-6,550<br>-43,223<br>-11,484<br>0<br>153,131|
||105,184<br>9,117<br>96,066<br>-12,899<br>108,965|
|||
||342,969<br>206,845<br>-168,318<br>13,486<br>0<br>290,955<br>170,047<br>-197,265<br>-33,455<br>0<br>351,628|



_The endowment fund comprises the Fabric Maintenance Fund, also known as the Church Plate Fund, which represented the net proceeds of the sale of the Church Plate. The capital can only be released with an order of the High Court._ 

_**Page 13**_ 



## **PAROCHIAL CHURCH COUNCIL OF ST MARY'S RICKMANSWORTH** 

**NOTES TO THE FINANCIAL STATEMENTS (continued) For the 12 Months ended 31 December 2023** 

## **11 Charitable Giving, Collections and Fundraising** 

## **£** 

|**Charitable Giving**||
|---|---|
|Donaton from Church Funds to the Christan Aid Middle East||
|Appeal|£500|
|Sum set aside from Planned Giving Income for disbursement by||
|the Charitable Giving Commitee|£3,872|
||**£4,372**|
|**Amount raised for Third Parties from special collections**|£3,085|
|**Amount raised for St Mary's Church from Fundraising events**|£4,691|



_**Page 14**_ 



## **PAROCHIAL CHURCH COUNCIL OF ST MARY'S RICKMANSWORTH** 

# **NOTES TO THE FINANCIAL STATEMENTS (continued) For the 12 Months ended 31 December 2023** 

**12 CAPITAL COMMITMENTS AT 31-DEC-2023** 


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Quote £ VAT £ Total £<br>£0<br>£0<br>£0 £0 £0<br>**----- End of picture text -----**<br>


## **LEASE COMMITMENTS AT 31-DEC-2023** 

**less 1 year £ 1 to 5 years £ > 5 years £** £0 £0 £0 

_**Page 15**_ 



## **PAROCHIAL CHURCH COUNCIL OF ST MARY'S RICKMANSWORTH** 

## **STATEMENT OF FINANCIAL ACTIVITIES** 

|**STATEMENT OF FINANCIAL ACTIVITIES**||||||
|---|---|---|---|---|---|
|**For the 12 Months ended 31 December**|**2022**|**- (OLD YEAR 2022 ACCOUNTS FOR COMPARISON)**||||
|||**Unrestricted**|**Restricted**|**Endowment **|**TOTAL FUNDS**|
|||**Fund**|**Fund**|**Fund**|**2022**|
||**Note**<br>**£**||**£**|**£**|**£**|
|**INCOMING RESOURCES**||||||
|Incoming resources from donors|2a|141,661|0|0|141,661|
|Ancillary income|2b|30,497|0|0|30,497|
|Income from investments|2c|4,439|2,508|0|6,947|
|**TOTAL INCOMING RESOURCES**||176,597|2,508|0|179,105|
|**RESOURCES USED**||||||
|Charitable giving|3a|-500|0|0|-500|
|Activities directly relating to the|3b|139,979|43,223|0|183,202|
|work of the church||||||
|Church management and|3c|14,563|0|0|14,563|
|administration||||||
|**TOTAL RESOURCES USED**||154,042|43,223|0|197,265|
|**NET INCOMING RESOURCES**||22,556|-40,715|0|-18,159|
|**GAINS AND LOSSES ON INVESTMENTS**||||||
|-unrealised||-9,072|-20,543|-12,899|-42,514|
|**NET MOVEMENT IN FUNDS**||13,483|-61,258|-12,899|-60,673|
|BALANCES BROUGHT FORWARD||||||
|AT 1 JANUARY||89,532|153,131|108,964|351,628|
|**BALANCES CARRIED FORWARD**||||||
|**AT 31 DECEMBER**||103,016|91,874|96,065|290,955|



Page 16 



## **PAROCHIAL CHURCH COUNCIL OF ST MARY'S RICKMANSWORTH** 

## **NOTES TO THE FINANCIAL STATEMENTS (continued)** 

## **Note 14 :  Expenses paid to members of the Parochial Church Council** 

In 2023, no member of the PCC received any payment for expenses, with the exception of the vicar, 

who's expenses received in the discharge of their activities are declared in note 3b 

## **Note 15 : Related Party transactions with members of the PCC** 

In 2023 the amount donated to St Marys by members of the PCC was £24,676 (2022 = £20,250) 

This excludes cash collected anoymously during services & any other anonymous donations. 

Payments to Sue Hillier as fees for acting as Verger at weddings & funerals = £379.55 . 

## **Note 16 :  Reserves Policy** 

The Parochial Church Council has agreed that the level of free reserves, that is to say the funds held which are neither restricted nor endowment funds, should be equivalent to four months of regular expenditure together with those further known and necessary items of future expenditure 

_**Page 17**_ 



**Independent Examiners Report to the Parochial Church Council** 

I report to the Council on my examination of the accounts of The Church of St Mary the Virgin, Rickmansworth (Charity no: 1201244) for the year ended 31 December 2023 which are set out on pages 6 to 17. 

## **Responsibilities and basis of report** 

As members of the Council, you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 (‘the Act’) and the Church Accounting Regulations 2006. 

I report in respect of my examination of the charity’s accounts carried out in accordance with section 145 of the Act and in carrying out my examination I have followed all the applicable Directions given by the Charity Commission under section 145(5)(b) of the Act. 

## **Independent examiner’s statement** 

I have completed my examination. 

No matters have come to my attention in connection with the examination giving me cause to believe that in any other material respect: 

1. Accounting records were not kept in respect of the charity as required by section 130 of the Act; or 

2. The accounts do not accord with those records. 

I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached. 


## **Nicola Anderson FCA FCIE** 

dated: 30 March 2024 

189 Baldwins Lane Croxley Green Rickmansworth Hertfordshire WD3 3LL 

_**Page 5**_