St. la Parish Church. St Ives. Cornwall. The Parochial Church Council of the Ecclesiastical Parish of St la, St Ives (Diocese of Trurol. Charity number. 1201438 Parlsh Church Annual Report and Statement of Accounts for the year ending 31st December 2023. IncumbefFt: The Revd. Dr. Nick Widdow5 Honorary Treasurer: Mr (hris Weston Accountants- Da￿, Ha￿en and Dodd Banks: HSBC Bank pk Lloyds Bank pk Barclays pk Independent Examiner". Mr A Farr FCCA INDEPENDEIYT EXAKINER'S REPORT TO THE TRUSTEES OF THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PAIUSH OF ST. IOCKSE OF TRURO I T¢￿}rt on the accounts for year ended 31" Decemt¢T. 2023 which are attached. Respective Respon#ibilitte8 of the Tn￿ and Indepeadent Examiner The ch&Tity's trustees Co￿lder that an audit is r¥)t requiTed for this year UDder section 144(2) of the Clwities Act 2011 {the 2011 Act) and that an Inde￿Ident examiDknon is needed. It ts my Te5poDsibility to: examine the accounts under section 145 ofthe 2011 Act" follow the procedures laid down in the General Di￿¢t10nS given by the CbaTity Conuni&sion¢rs section 145(5)(b) of the 2011 A¢ WMI Ba818 of IDd¢peBdent Examin*s Sta*ement My examinthon was cattied out in accordance with the Generdl DI￿tionS given by the Ckjarity Commi&sio An examination includes a review of the &￿Unting records kept by the c]wity and a compaTison of the accounts presented with thilse records. It also includes consideration of any unusual items or disclosures in the accounts. and seeking explan￿[0D$ from the management committee conceming ally such n)atteTS. The procedures undertaken do not provide all the evidence that would k required An a full a￿jIL and consequently I do not exprw an audit opinion on the Awunts. Independent Exxminer'5 St*t¢ment In ￿nn￿tion with my examinatsO￿ no rnatte￿ have come to my attentio I) Ivhich giv¢ Ell¢ re&wnabl¢ WLse to believe that in any matrrial rcspect the requir¢m¢nts to keep accounting Tecords in accord￿ with s. 130 of the 2011 Art or to prepare a￿Ullts which accord with these 8CCOUDting records have not been meL or 2) to whick4 in my Opinio￿ attention sbould be dravm in order to ¢Dable a proper urydust8nding of the Andrew FaTr, FCC Fairway View, Helstone. Camelford. PL32 9RL Dated: P June. 2024 la. St Pavi5h (J￿rth AnDu*l Rewt2023 Introdurti( The Parochial Church Council {PCC} of the Ecclesiastical Parish of St la, St Ives (Diocese of Trurol is a registered charity Inumber 12014381- It is known a5 St la Of St Ives PCC and manages the day to day working of St la Parish Church in St Ive> St la is one of two churches in the St Ives Anglican Benefi￿ and works closely with its sister church. St John's in-the-fields, to fulfil its aims and purposes. Aims and Purpose5 Our primary purpose as a church is the promotion of the Gospel of our Lord Jesus Christ, according to the dortrines and practices of the Church of England. Our main charitable purpose is therefore the advancement of religion. The PCC is required by the Parochial Church IPowersl Measure 1956 to co- operate with the parish priest (vicar} in promoting in the parish the whole mission of the church, pastoral, evangelistic, social and ecumenical. The parish church of St Ives is dedicated to St la. and is part of the Diocese of Truro wtthin the Church of Er7gland. It is a grade I listed Medieval church with a capactty of 300. The PCC has maintenance responsibilities for this church and thereby preserves this historic building for fut¥Jre generations. The PCC is also specifically responsible for the maintenance of number 5 and 6 Redfern Court, St Andre￿S Street, St Ives. Objectives and Activities In carrying out their ￿spOnSibl[1t1e5. the members of the PCC have had regard to the Charity Commission's guidance on public benefft. As well as having an active church membership, St la is Used by the community for key events, with special services held throughout the year. such a5 the annual Feast Service, and the Remembrance Day service. Special services are also held at Easter and Christmas. which many extra viswtors and locals attend. The church also provides a focus for local people at key times in their lives, including baptisms, weddings and funerals. The worship at St la 15 primarity in the Anglo-catholic tradition. This complements the worship on offer at our sister church. St John's in-th*fields. which offets contemporary service5 in the low- church, Evangelical tradition. The regular Servi￿ include said and sung weekty Communion services and regular evening services. The￿ a￿ also services on the occasion of major Christian festivals and these are often well4ttended by a wide range of people. We seek to ensure that the church building is open and staffed for as much of the week as possible. This is made possible by both a committed core of volunteers and through the café that we run in the garden or inside the church. We also provide regular midweek groups such as Christian Meditation. Art and Spirttuality, Choir Rehearsals. and more informal worship evenings. Alongside our spiritual activrties the church runs a pro8ramme of events enjoyed by many of our local community and by visltors to St Ives. These events include live music. Iwe theatre. and our annual Christmas Market. 'Fair Mo.. The PCC has decided to make grants to other organisations from income across the year. These organisations should altgn with our own objertives but normally will be working in a different or across a wider geographical area. They will often be involved in providing relief in situations of extreme poverty or disaster. The PCC aims to make grants amountin8 to a minimum of £I,c￿ each year. StIa.Stl￿ Parish Reporr zoza Achievements and Perfornwn The Sunday worship at St la continues to attract a committed core of regular member5. augmented by regular and occasional visitors. especially during the summer months. There are challenges for the church by virtue of Èts placement in the middle of a parish with few permanent residents and with limited and expensive parking locally- However. its heritage and setting compensate for some of these disadvantages and the church remains very popular with vi51tors. Recent growth of the regular congregation has come primari￿ through the choir and the musical tradition of the church is of a high standard. The voluntary teams on a Sunday morning (the choir, the servers, the sidespeople. and the thurchwardensl make the services possible but also provide meaninEful opportunities for service for our congregants. Our other events, café. and large seivices see many thousands of people coming through the church each year for reasons other than worship. This allow5 many to make use of the beautiful building and fosters a deeper connection between St la and the wider community. By keeping the church open throughout the year there has been opportunity for local residents and visitors to St Ives to come into the building and to appreciate it as a place of peace. quiet prayer, and rich history. Financial Review The financial performance for the year is as outlined in the attached accounts and has been subject to a review by the Independent Examiner. Total receipts were £180.99212022: £219.5751 and totsl payments were £171.52512022: £257.094 Ileaving a surplus for the year of £19,467). Payments included significant amounts toward the fundraising actNlties Ithe café and Fair Mo in particularl and also for the MMF1£46,9671- The overall operatinE Position is considered to be acceptable and viable. Turnover was significant again in the year reflecting the operation of the café lalthough the summer trading of that moved into a separate trading subsidiary during the year), September Festival concerts, and donations received against the employment of our administrative team. The level of reserves currentty held by St la is at a historic high due to the Sale of the fom)er Parish Rooms Ithe Sunday School buildinEI and donations for salaried posts. There is an active project to begin to invest some of this money into the maintenance and development of the chtjrch building to better allow us to continue and grow our mission and ministry including works to make the church more accessible. The minimum level of reserves will be reviewed when a decision is made on the scope and cost of this project. At year end the PCC had £55,019 of free cash in hand. There is E137.617 held a5 restrirted reserves, restoration furbds and in escrow from donations against future salary payments. A further £313,783 is held as restricted funds for redevelopment of the church following the historic sale of the former parish rooms The PCC operates a5 a Eoing concern. 51 ¥. St PavtshCIMwth Annual RewJrt2023 Structure. Govemance and Managernent St la PCC is an unincorporated charity- The method of appointment of PCC members (who are the trnstees of the charity) is set out in the Church Representation Rule5. All Church attendees are encouraged to register on the electoral roll and stand for election to the PCC. PCC members are required to attend safeguarding training ènd to underEO a DBS check. They are a150 encouraged to attend relevant training days offered by the Diocese of Truro. In 2023 the PCC had severdl employees- a Business Manager Ifull-timel, a café manager180% full- timel. as well as some temporary café staff, a Youth and Children's Worker Ipart-timel, and administrator Ipart-timel. and a Deanery Administrntor Ipart-time and employed on behalf of Penwith Deanery. There was also a regular cleaner and Eardener Iself-employed). The Reverend Keiren Morwood, has continued to work wrthin the benefi￿ as a self-supporting Assistant Minister. Dr Andrew Hicks is li￿nsed to St la as a Lay Reader. Whilst the Youth and Children's Worker is employed at St la. most of her work has taken place at St John's in-the-field5. This demonstrates the close partnership and cooperation between the churches in the benefice. The PCC met six times in 2023. In between those meetings the churchwardens and treasurer met regularly with the vicar and the Business Manager. Time critical decisions were made by circulation or through the standing committee. AdrninistTative Information St la Church is situated in St Ives, Cornwall in the centre of the old town on the harbour edge. It is part of the Diocese of Truro within the Church of England. The formal address of the church is= St la Church Market SqLFare St Ives Cornwall TR26 ILE However, correspondence should be directed as set OLrt in 7.4. The PCC is a body corporate under the Parochial Church Council Powers Measures 119561 as amended and Church Representation Rules that came into force on 2 Jan 1957 and is a registered as a charity with the Charity Commission (number 12014381. Registration was applied for in 2022 Ithe vear of thi5 report) and confinned as such in De￿mber 2022. The incumbent vicar is the Reverend Dr Nick Widdows who 15 also the incurnbent vicar at St John's in the Fields in the Parish of Halestown which 15 St la's sister Church in St Ives. Correspondence should be directed to: The Vicarage St John's in The Fields Hellesvean St Ives Cornwall TR26 2HG 07789 68(X)70 stiveschurch@gmail.com www.stive5church.or St ￿.5t*￿varI5h Report W23 PCC members who have seNed from l Jan 2023 until the date of this report land approval of the accounts arel= Office lrfznyl Vicar land Chairl Assistant Priest Name "Rev Dr Nick Widdows 'Rev Keiren Marwood Churchwardens 'MTS J F Wendy Francis MrsAnn Luke *Mrs Jean Cumow Treasurer "Mr Chris Weston PCC Secretary Diocesan Synod "Mrs Diane Crocker 'Dr Andrew Hicks {also Deanery Synod) (also Deanery Synod) *Df Anne Hicks Deanery Synod "Mrw Stuart Guppy Mrs Jacinth Fowler Other PCC Members 'Mrs Martha Patrtck- Horsman Mr W F David Badcock 'Mrs E Anne Badcock 'Mr Daniel Lawther 'Mr Graeme Parkhill Mr Jeffrey William5 (Charity Appointment to follow APCM 2024 as appropriate) 'Mrs Elizabeth Watson Denotes Charity Trustee Note: all PCC members are appointedlreappointed at the APCM each year. Approval The report and accounts were approved at the Annual Parochial Church Meeting on 16 June 2024. Signed Vicar Treasurer Accounts and notes The accounts and notes follow St Ives Parochial Church Council Financial Statement for the year ending 3111212023 General Fund Receipts and Payments Account 21r23 2022 Recei te Incoming re50urcesfrom donors Plarined giving". Net amunt given urKler Gift A￿1 Tax recovered 16,Crf)3.( 7.702.37 809.17 15. 136.50 10.923.71 24.514.54 1.123.91 Otker planrwl g￿ing Inot Grft 27,184.12 Unplannedgiving.. Q)Ilection5 in church Gift days and sundry donation5 6.158.93 2.503.45 6.699.51 .ffi2.38 3,gM.27 10.603_78 Other voluntoryincoming resources Recurring grants Incomefrom investments Interest and dividends (grc￿S} Rent Received Redfem Qjurt 468.67 l7.4￿.1xl 17.868.67 17.S19.70 17,509.70 ArtivitiesfvrgenErotingfvnds Fund Rais1ng Gross Bookstall and n￿azineS Igrossl 3.171.24 2.449.09 Fees Pakl to P(￿ IN￿ti 1.035.fA) 4.￿￿.84 1.912.20 4.361.29 Non recurring income Non recurring grants Legacies Special appea15 linc Sept Fest. Café. Fair Kt Restricted Special ApKEats 3.875.(K) 2.OLVJ.¢J) 117.499.63 1365.11 43.314.lYJ 2.(M)O.00 92.475.05 21128.29 125.739.74 159,917.34 Total Receipts 180,992.17 219.576.23 St Ives Parochial Church Council Financial Statement for the year ending 3111212023 General Fund Receipts and Payments Account 2023 Pa ments We Grantstofvrther theworkoAthechurch Donations and gr8rits to charitÈs 10 2Y).( 29).IKI 4.463.16 4.463.16 Activitie5 dirertlyrelotedto thework oAthechurch Mission and Ntinistry Fund Pjergy ar￿ assistant staff eX￿n$8￿ Church Runniw Expenses urch ￿inte￿ar￿e Upkeep of services Upkèep of churchyard Magazine aTKI txK)kstall exytses Hall and other property running costs Salaries. wages and honordrTr8 Mission and evangdism 11 46,967. 1.920.Cf¥ 21.382.￿$ 6.741.75 3.168.94 4.297.97 43,384.LK> 1.920.00 19.472.87 4,430.32 1.735.63 1.865.(￿) 331.51 12 3.734.77 2.233.19 32,245.68 4B.603.49 2.IK)8.68 123.099.99 285.04 13 14 124.261_05 Church manageM￿t￿ndadMinl5lrnt1on Fund raising costs Church adninistration 15 46.139.73 1.945.46 48.695.14 48,085.19 2.114.94 50,810.08 Governancecosts EX8￿nat￿n ol Accounts Mojor capital￿PenditUre oior repaiws and r8JecotatKJn New buiK1ing ￿rk 16 77.469.52 77,469.52 Totsl Payments 171525.18 257.093.81 OpeniThJ balance 11112023 FLSBC Barcbys Excess of Receipts over Payments Add transfers in Deduct transfer5 Out aostng balance 3111212tr23 HSBC 74,376.28 Barclays 12.672.13 87.048.41 32.028.92 55.019.49 39.899.24 5.653.26 37,873.16 45.552.￿* 1762. 9A66.99 40.635.22 -37.517.58 159,W.85 117,533.98 45,552.51 55.019.49 Less.. Other FurKIs hktss to PCC Gertral fry ts yw erKfrry 3111212￿23 We 1 It is again reaty that this r￿Ure has ￿ wjain relkcting rwar gNir*J from c￿8gat￿￿ ￿E[thr$. The f¥Jure continues to i￿reaSe each ye8r. 2 Grfi reclairn rewrwins at strrry levds on to grfls 3 G￿leCtiorS in thurch hav8 dipwl sl¥Jhtty ye¥_ 4 Sundry fcff the repayrTEnt of the kjan ¥rxde in 2021 to undeTh4frte th8 cthk repairs aThY the I)*￿e is for vK)rks to the cktk St Ives Parochial Church Council Designated Accounts for the year ending 3V1212023 2023 2022 Parish Hall Funds te Recei Investrngnt 4,399.97 2.214.￿) Po ments Children's CA)mer Costs Painting Lady Chap Professional Fees Excess Receipts over PaY￿ntS Opening Bolonce Add tra￿￿ferS in Deduct transfets out Closing 8aance T￿.29 3230.W 8.430.29 4,030.32 317,812.86 2,214.9) ,563.94 0110112023 16.965.98 317.812.86 3111212023 313.782.54 Investments for Parish Room Net Sale Proceeds Hampshire Trust 100 Day TrWi¢e Carrt)ridge & Counties 95 t*y Nbtice Y(Kkshire Building SccEty Corrwwruty Saver Less.. PaY￿entS made frc¥n g￿ra1 account 81.S54.25 84,931.35 155,¥27.23 -8,430.29 81.151.37 83.022.63 153.638.86 313.782.54 31f.812.86 Reserve Account 2022 Recei Investrrent Incorr rte 468.67 Pa men Exce5sP4rymentsoverReceipts Opening bala￿e 0110112023 Add transfets in CÈduct transfers out (Josing balance 3111212023 468.67 57.127.63 79.32 67.792.41 132.258.77 143.(K)2.87 57.127.63 49,659.08 7.937.22 Trdnsfer5 n*d8 to th8 FKSBC ￿rrent &¢tyJnt lo cover Salary for V£Hagef £13.070.80 Salary for Youth & (hlyren's Worker £14.176. These ￿re offset by IrL0￿ for the Youth & ￿l￿ren'$ ￿tsker rf £2.3 St Ives Parochial Church Council Designated kcounts for the year ending 3111212023 2023 2022 Parish Hall Funds Inv8StrrEnt i￿on 4.399.97 2.214.￿> Po Children's Comer Costs Painting Lady Chap Profess*onal Fees Excess Receipts over PayrTEnts Opening Bolonce 0110112(r23 Add transfers in CEduct transfers oul osing Balance 750.29 4450.C 3230.LXI 8,430.29 4,030.32 317.812.86 2,214.9) 332,563.94 16.965.98 317 812.66 3111W2¢r23 313 782.54 Investments for Parish Room Net Sale Proceeds yshire Trust 100 tky Wice ca￿ridge & CouTrt￿s 95 Day m)t￿& Yorkshsre Building &*iety CKJrrrfrxJnity Saver Less.. PayrrEllts nHle Irorn g￿ra1 ￿CoUnt 81.154.25 84.931.35 155.¥27.23 -8.430.29 81,151.37 83.022.63 153,638.86 313.782_54 317,812.86 Reserve Account 2022 Recei Investment Inco 468.67 79.32 Po ments ExcessPoymentsoverRe¢elpts Opening balance 0110112023 Add transfers in tkdu¢t transfers OLrt Closing balanc8 3111212(Y23 468.67 57.127.63 79.32 67,792.41 132.258.77 143.002.87 57.127.63 49.659.08 7.937.22 Transfer8 rrAde to the HSBC OJFTEnt ￿coUr￿ to COV8r. Salary for Kknnager £13,070. Salary for Youth & thik5￿n.$ Klyker £14,176.56 S8 ￿re offset by i￿[￿re for Youth & w￿ktrr of £2. St Ives Parochial Church Council Designated Accounts for the year ending 3111212023 2023 2022 Restoration Account (Restricted Fund4 Recei Sundry Lbnations Special Appeals Inv8strrÉnt incorr Grants 1.335.82 173.12 Leg￿leS 0.￿ 1.335.82 173.12 Po rnents Servery w building ￿rk Other O.(M) ￿). ExcessRecelptsoverpayments -3.664.18 173.12 Opening b81ance 11112023 Add transfers in tÈduct transfer5 Out Less". Paywit rrode from general account aosing balance 3111212023 83.9g9.19 98,550.86 1,175.21 I5.￿0.(X) 5,0(K>.lYJ 85.335.01 83.999.19 60140 Sweepstake 20ZJ 2022 Subscriber5 1,046.00 Pa ments Lkaw *inners Item5 bought for church 240.LX) 142.80 440.00 0.00 440.00 606.00 Exces5 receirts wmenls 297.20 O￿nIng balance 11112023 aosing balance 3111212023 5,794.45 6.091.65 5,188.45 5.794.45 Notes to PCC Designated Account for the year ending 31/12/2023 )te Interest Pates rec￿￿ on Savirhgs arKI Investrrpnt accounts crN)tinued to increase later in The original sale prcceeds from Ihe Parish ￿1 *B5 £316,764. Breakdown of Reser¥e Account Ba1￿ce Flstory of St Ives Par￿h Clwrch Set aSKle f(¥ sl(Kk Legacy Bary Coad uns Legacy L M Keeper Legacy Pam Parkins(sn St￿1ft specific CAF (Youth and ￿lId￿n'S Wo￿￿) escrthv urch ICAF) escrow Balance Overall Pu4Xrt Bala￿e 1,500.00 1,000.00 5,000.00 5.000.00 9,518.77 10,333.51 24,415.06 7,937.22 ns unrestr￿1￿1 The 'Balance' part of the £32,028.¥2 nBrk&J '01￿[ funds. deducted from Ihe bank balances on the General Furwj Pay￿￿￿ts P3ge. akdovm of Restoration knk Balance The Resloration fuThJs are deerred TreStr￿ted" as they have either wen solely for the uroh fabric General restoration 41,136.80 Organ renovati￿ and repair set aside 26,609.21 aock repairs. If￿ set aside 2,500.00 G4F (Youth 8Jxl thmren's WJker) s[￿lf￿ set asKle t of SeNery SFe¢rf￿ set ash*e Overnll RestoratKJn Accounts Balance £ 1,086.37 5.000.00 9.002.63 85.335.01 Unrestricled Boiler and heatirg replac&m The 60140 SMEepstake ￿[￿rateS funts for repairs and rene*pls vdthin the Cthurch %%hich are dislributed al the discretKJn of the club ￿[rt>ets. The s%%eepstake contmiues to operate nomwlly FQSt CThKI. Purcl%35es the year servers robes. ParishAdmin Fund Grant £15,0￿).00 PaYn￿ntS - Salary Bal•1￿ Held at 31 DBC 2023 £5,211.29 £9,788.71 DeweryAdmin Fund Grant ReceNed Payn*nls - Salary & Expenses Bala￿e Held at 31 2023 £7,750.00 £4. 148_40 £3,601.60 St Ives Parochial Church Council Financial Statement for the Year Ending 3V1212023 Statement of AssetsJHI Li*ilitiesasat3111212023 Monet¥y Awts 2022 74.376.28 39,899.24 Barclays 12.672.13 5.653.26 Reserve frEBC Restricted 7.937.22 57,127.63 ReSto￿lon Sa¥mgs trtsBC RestrKted 85.335.01 83.999.19 Hanyshire Twst 1CM) tkny ReStr￿t 81.354.25 81,151.37 Can*rklge & CwilEs 95 ReStr￿t￿j 84,931.35 83.022.63 Ycxkshir8 B Cortmjnrty Savw Restrthl 155,927.rJ 153.638.86 Swar8 & Cash Bal￿8$ 3,886.25 Total Cath 5W419.72 504.492.18 Debtors gOIA 7,988.82 7.702.37 Liabilities hèld thp PCC on btr]¥lf d 0th8r Prriects •1¢ C4F (Youth and Children's wtKkerl CAF (￿Urth Manager) Partsh AdnNn Furyj [kan￿ Adnmn Fund st la 10.605.14 10.333_51 9.788.71 3.601.PAI 11,540.09 45.869.05 21.315.33 23.404.31 0.00 CrethtlY5 Lk¢errtrr C4)sts paKI ￿ Javuary t￿cerT￿r PayrE41 Late E18Ctricity B• Accnjals TOTPL 3.148. 10.584.39 2.928.CKI I,2￿.(￿j 17,861.29 f.524.48 3.437.55 4.9S2.03 Nonrymonetary•ets Th8 60140 S*eepstak& Ac¢￿t is r￿(¥d￿j wt tIE &CfMJnls Icff a￿lIt purF#Jses iKrt excluded Frcffl this sl8tThbt a5 tt￿ furNts dee￿￿￿ to to the subscribw5. Fleas8 aL80 see rM)te 5 to the CwvJnaitrJ A¢¢(wnt fLY furthv detarfs. Ak¥rtwed by the Par￿ and swl (m rfs by.. Treasurw.