**Report of the PCC to the APCM – 28[th] April 2024**
## **Membership /Attendance of the PCC during 2023**
|**Membership**|**/Attendance of the PCC during 2023**||||||||
|---|---|---|---|---|---|---|---|---|
|||Jan|Mar|Extr
post|May|Jul|Sep|Nov|
|Chair:|Rev SallyBuddle|1|1|1|1|1|1|1|
|Church
wardens:|Marian Williams to Jan 2023
Ros Lawson
Michael Winterbotham from Jan 2023|1
1
-|-
1
1|-
1
1|-
0
1|-
1
1|-
1
0|-
1
1|
|Secretary:|Margaret Davies to April 2023
Sarah Bennett from April 2023|1
-|1
-|1
-|-
1|-
1|-
1|-
1|
|Treasurer:|Linda Chastell|1|1|1|1|0|1|1|
||Annabel Harris|1|0|0|0|0|1|1|
||Julia Hunt|1|1|1|1|1|1|1|
||Jill Eyles|1|1|1|1|1|1|1|
||Stella May|1|1|1|1|1|1|1|
||Cax DuPon from April 2023|-|-|-|1|1|1|0|
||Robert(Bob)Cooles from April 2023|-|-|-|0|1|1|1|
||David Hunt co-opted Chair of Finance from Nov 2023|-|-|-|-|-|-|1|
||Mark Wilson til Jan 2023|0|-|-|-|-|-|-|
||Michael Winterbotham til APCM then churchwarden|1|-|-|-|-|-|-|
||Michael Chastell – LayDeanerySynod Repto April 2023|1|1|1|-|-|-|-|
## **Summary of meetings**
## **The PCC has met on 6 occasions with one extraordinary meeting**
**January 2023** : Welcome to new Rector; Review of Services/Worship, Outreach and Mission and Pastoral Care; Advertising for Parish Administrator; Starting Inside Out and Fabric meetings
**March 2023** : Muddy Church; PCC Structure; Approval of Accounts YE 2022 and Budget; Discussion of Stewardship program; Appointment of Parish Administrator; New PSO (RM); Lent Groups;
**April 2023** : Post APCM extraordinary meeting: Margaret Arnold Legacy;
**May 2023** : Formation of committees; Vision for 2023 Deeper, Greener, Wider; Follow up on Parish Needs Process: Growing Disciples (deeper); Growing Diversity (Wider) and Growing Community (Greener/wider) Vestry Roof; Charitable giving; Date of QI
**July 2023** : Churchyard Management Plan; Updates on moving time of BCP; Fledglings; Fete; New PSO appointed (SB) – updates on training and DBS checks;
**Sept 2023** : Finances and budget; Vision for 2024; Safer Recruitment process adopted; Appointment of Organist; Review of Finance Committee and appointment of Accountant (SW) and Chair of Finance (DH)
**Nov 2023** : Christmas Services; Approval of budget for Q1; update on safer recruitment, governance (inc role descriptions)
The North Door Project was a recurring item. The North Door was officially opened in November 2023.
_The PCC has complied with the duty under section 5 of the Safeguarding and Clergy Discipline Measure 2016, namely the duty to have regard to House of Bishops’ guidance on safeguarding children and vulnerable adults. In particular during the year, PCC members and Churchwardens have met their safeguarding training requirements; Disclosure and Barring Service (DBS) checks have been made or renewed, as required. A Safer Recruitment Policy has been adopted and Role Descriptions are in place for key positions. Reports on Safeguarding have been received at every PCC meeting._
Sarah Bennett
Financial Statements
of St Nicholas Church, Compton
for the year ended 31 December 2023
Contents
Accounts..
Statement of movements on fimd accounts
Accounting policies and basis of preparation
General Fund - income and expenditure account
Fabn'c Fund - income and expenditure acLx)unt
Balan¢¢ sheet
Notes to the accounts
Independent ¢xaminer's report
Page
Trustee8
Reverend Sally Buddle (Rector)
Rosalind Lawson (Churchwarden)
Michael Winterbotham (Churchwarden)
Robert Cooles
Carolyn du Pon
Jill Eyles
Julia Hunt
Annabel Harris
Linda Chast¢ll
Stella May
Chanty numb 243929
Amiual report and accounts for the year ended 31 December 2023
Statement of Financial Aclivities
Unrestrieted funds
Restricted Funds
Total
Total
Untsitr Fxbrk De4
Totsl
Fabric
School
2023
2022
Movements in the year
Total incoming resources (excluthng
cxccptional legacy)
Exceptional legacy
68,741
17,474
86,215
3.384
467
90,066
125.924
428,612
Total incoming resources
68,741
17,474 86,215
3.384
467
90,066
554.536
Total outgoing resources
( 78.163)
(78.163)
(41.671) ( 2.053)
(121.887)
( 78,760)
( 9,422) 17,474
8,052
(38,287) { 1,586)
(31,821)
475,776
Revaluation of investments
2,008
2.008
1,102
3,110
( 4,360)
Transfers between fid$
( 2.826) ( 2,826)
2,826
Surplus l (deficit) for the y¢ar
7,414) 14.648
7.234
( 34,359) ( 1,586)
(28,711)
471,416
BAlan¢e8 at l January 2023
145,731 459,308 605,039
47,131
1.963
654,133
182,717
Balances at 31 Drfember 2023
138.317 473,956 612,273
12.772
377
625,422
654,133
Page I
Annual report and accounts for the year ended 31 December 2023
Accounting policies and basis of preparation
Th¢ fmancial statem¢nts of St Nichol&s Church have been prepared in accordallce with the ChuTch
Acwunting Regulations togcther with applicable Accounting Standards and the Chatities SORP. They have
been prepared on the bistorical cost convention cxcept for the ralUatIOn of investment asscts wkn'ch are
shown at market valu¢ in the statement of assets and habih'ties.
The accounts include all transaction& assets and babltieS for whith the trustccs can b¢ held responsibl¢.
They do not include accounts of other church groups tIt owe an affiliation to another body, nor those that
are ]nfornl gatherings of church members.
Fund aeeounts
The fmancial affairs of St Nichol&8 Church are conducted through a number of fimd accounts. Restricted
funds can only be appjied foT specified pu05¢5. Designated funds are those wknch th¢ tsustees havc
designated for particular purposes.
The General Fund is an unrestricted fund available for the regu]ar aciivities of St Nicholas Church. The
trustees have designated part of this fund as the Fabric Designated Fund.
Th¢ Fabric Fund is a restricted fund for the improvemenL maintenance and upkeep of the fabric of the
church.
The School Fund is a restsicted fund which may only be appIied for educational puoses.
Incoming resources
Collcctions are regDtsed when received by or on behalf of St Nicholas Church.
Planned giving rec¢ivable under Gift Aid is regnISed only when received.
Income tax recoverable on Gift Aid donations is recognised when the associated income is rerA>gnised.
Grants and legacies to St Nicholas Church are accounted for as soon as the tnteeS are notified of its legal
entitlement, the amount due is quantifiable and its ultimate receipt is reasonably cert8in.
Sales of books and magazines are accounted for 0s1 as is income from church events.
Dividends from investments are account¢d for when du¢. Interest entitlements are r]sed
as they accrue. Realised gains OT losses are recognised when inv¢stments are sold. Unrealised 8ains or
losses are accounted for on revaluation of investmfflts at 31 December.
Grants and donations ar¢ accountcd for when paid over, or vthen awarded if the award creates binding
obligations. Donated facilities and services are included in income (and at the same time in resources
¢xpended) at estimated fair valuc to St Nicholas c.hurch for th¢ service or facility received. The value of
any voluntary help received is not includd in the accounts but is described in the Tn,$ Annual Report.
Assets
Insofar as consecrated alld benefice propety of any kind is excluded from the statutory definition of
clwity, by Section 10(2) (a) and (c) of the Charits¢s Act 2011, such ass¢ts are not capitshsed in thc
financial statemcnts. All expcnditure on wnsecrated OT b¢neficed builth'ngs is WTitten off in the year
incurred.
Movable church furnishings are capitslised at cost and depreciated over their useful economic life other
than whcre insufficient cost infornlation is available. In this case the item is not capital@ though all
items ar¢ included in the ¢hurch'3 invGntory which Gall bG in4KGtcd by agtccfflcllt.
Page 2
Annual report and accounts for the year ended 31 December 2023
Tangible fixed assets are capitslised if they can be used for more than one year and their cost exceeds
£500. They are stated at cosL or foT gifts in lond at a reasonable estitnate of thcir open market value on
receipt. DreciatiOn is calculated to write off the capitalised cost of fixed assets less their cutt¢ntly
anticipated residual fair value on a straight line basis over their cstimat¢d us¢ful lives as follows:
Plant and machinery (including electronic equipment) 7 years
Office wipment
4 yeats
Inveslments are valued at market value as at 31 December. Book stocks are accounted for at 'first in fst
ouv cost.
Short tem] dq)osits include c&sh h¢ld on dq)osit with either th¢ CCLA Church of England Funds or at the
Expenditure & liabililies
Liabilities ar¢ r¢cognised as soon as there is & legal or constructive obligation and settlemenl is probabl¢
and quantifiabl¢.
St Nicholas Church employed part time oIganist& secretaries and a gardener. No payments were latge
enough in 2022 to attract social security cost4 but appropnate payroll deductions were made in 2023.
Key management personnel received no employee benefits.
RelAted party transactions
Related paty transactions are set out on page 5.
Responsibility statement
Th¢s¢ accounts ar¢ th¢ rwonsibility of Compton PCC and were approved by them on I l March 2024.
Page 3
Annual report and accounts for the year ended 31 December 2023
General fund - income and expenditure aeeount
2023
2022
Income
Income from donations and legacies
Standing orders under aid
Free will offerings and gifts
Collections at serviccs under gift aid - thurth fimds
Donations.. includes £1,000 from Th'ocese (2022: £2,000 from Diocese)
Tax refimds on aid
Church box and gift boxes
33,540
2,450
6.469
7,603
10.548
371
60,981
2,485
446
640
4,189
68,741
36,185
2,540
7.874
2,000
9,722
236
58,557
2,973
232
636
568
62,966
Income from chuTch activities - weddmB & funeral fees
Bookstall income - sales of guide book& boo magazinffj cards
Investment income
Deposit account interest
Total income
Expenditure on church activities
Costs of ministy
Parish share payable to the Diocese
Rector's expenses
Rectory outgoings (rq)airs water rates. al office computcr & phon¢)
Organist, relief organists & reli¢f clergy
Charitable VIng
Miscellaneous expenses
49,125
146
366
3,843
2,669
3,024
59,173
31,103
3.340
2.000
2,635
Church running and n]ailltenance
Repairs, arn) and sound maintenance
H¢ating and Jighting
orga music, candl¢& win¢ and wafers
Insurance
Churchyard
2,605
3.535
652
2,821
2.499
12,112
1.323
2.687
982
2.731
41
7.764
Adn]inistration
Salaries & wages
Office costs (Printi photocopying & postage. equipmcnt costs and depreciation)
Independent examinels fecs
's¢ellaneous expenses
5,771
498
420
189
1,908
1,441
400
6.878
3.748
Tot81 expenditure
78,163
50.590
Surplus l (deficit) for the year
( 9,422) 12,376
Page 4
Annual report and accounts for the year ended 31 December 2023
Fabric Funds - income and expenditure Aecounts
2023
2023
2023
Total
2022
Total
Restricted Unr'd
In¢oDie
Fabric donations {2022.' North Door)
Exceptional Teceipt- Legacy receivable (note below)
Donation for glass repairs
Gift aid on North DooT donations
VAT recoverable on listed building works
tnvestment income
Dcposit aGwunt interest
44,732
428,612
5.000
10,806
1,395
347
394
2,212
349
823
2.212
349
18,297
17,474
Total income
3.384
17.474
20,858
491,286
Expenditure
North Door project - architecvs fees
North Door project - stonemason
North Door projert - SCAU supervisory fees
Electrical improvrnents related to North Door project
Repairs to East Window glass
Vesty rOofg works
4,551
1,190
29,211
3.719
929
29,211
3,719
929
17,674
3.567
7.812
7.812
Total expenditure
41.671
41,671
26,982
Surplus (deficit) for the year
( 38,287) 17,474
( 20,813)
464,304
The Qumquennial fabric Insption was carricd out in 2023. A number of recK)mmendations were llde
but are not material to thes¢ accounts.
Exceptional receipt - l£gacy receivable.. The PCC were made aware of an unrestricted legacy in 2022
by the dece&sed's solicitors. The legacy was received ij) two payments in January 8nd March 2023.
The Legacy is unrestrictcd but the PCC has CUTrently designated it to the Fabric Fund to refl¢¢t the
wishes of tho donor.
School Fund
The Fledglings cl)ildrens' group was establish during 2022. Income rresents attendance fees and
interest of £46 (2022.. interest of £38). Costs include art WO £30, rent £888 and forest school costs £950
(2022.. art work £305. fit aid training £455 and rent £288).
Related party transactions
The majority of PCC donations to the church through stranding Order or througb gift aid envelopes. In
addition, PCC members make $h donations from time to time which are not separated from those of
other members of the congregation. The estimated total donations from membets of the PCC during the
year was £8,530 (2022. £8,140).
Charitable donations
These accounts do not includ¢ those donations rdised for other chatities through the activities of the
church or paTishioners.
Pgge 5
Annual report and accounts for the year ended 31 December 2023
Balance sheet
31 Dee
2023
31 Dec
2022
Note
Fixed assets
Investmcnts - CBF income sharcs
InveslJneDts - CBF deposit accounts
Tangible fixed &8sets
36.168
450,000
250
486,418
33,058
400
33,458
Current assets
Debtors and prq)asrynents
L£gacy reccivable
Fec4 gift aid t&K intcrcst and prepayments
428,612
12,415
4,79J
12,415 433,403
CBF deposit accounts
Cash at bank and on hand
Total deposits and cash
97,695 118,446
36,621
70,614
134,316 189,060
Total current assets
146,731 622,463
LAAbilities: amounts falling due within one ymr
Creditors and acc$
( 7.727) { 1,788)
Total liabilAties
7,727
1,788
Net Assets
625,422 654,133
Fund accounts
625,422 654.133
Approved by Compton Parockn'al Church Council on I l MaTch 2024 and signed on its behalf by:
Reverend Sally Buddle
Rector
Mrs L J Chastell
Treasurer
Pa8¢ 6
Annual report and accounts for thc year ended 31 December 2023
Notes to the accounts
l Anatysis of net assets by fimd
Unrestricted funds
Restrieted Funds
Total
Undesitr F*brl¢ Desi*
Total
Fabric
School
Total
Fund balances at 31 December 2023
Fixed assets".
Investments . CBF income shares
Investments - CBF deposit accounts
Tangible fixed assets
23.396
23.396
50,000 400,000 450,000
250
250
12,772
36,168
450,000
250
Current assets:
Debtors and prepayinents
CBF deposit accounts
Cash at bank and on hand
6.413
5.762 12.175
44,802 52,893 97,695
16,174
15,301
31,475
240
12.415
97,695
36,621
4,769
377
Less: current liabdities
Creditors and accn]als
( 2,718)
( 2.718)
( 5.009)
( 7,727)
138,317 473,956 612,273
12.772
377
625.422
Fund balances at 31 Deeember 2022
Fixed &sseLs:
Invcsthients
Tangible fixed assets
21,388
400
21,388
400
11.670
33,058
400
Current assets:
Debtors and prepayments
Dq)osit accounts
Cash at bank and on hand
4,791 428,612 433,403
85,166 30,375 115,541
35.774
321
36,095
433,403
118,446
70,614
2,905
942)
35,461 {
Less.. current liabilities
Creth'tors and accrnals
( 1.788}
( 1,788)
( 1,788)
145,731 459,308 605,039
47,131
1,963
654.133
tnvestments - CBF income shaTes conslsts of1,600 income shares in the CBF Church of England Investment
Fund. Thc share& which w¢ acquired in 1975 for £1.08 per share, were valu¢d at £22.6053 at 31 Dber
2023 (2022: L?0.65 p¢r aharo). 565 ioF(unc ahts3 ha¥¢ b¢¢n io d)c 1.trthuikni fabil¢ nuid.
Investments - deposit accounts consists of the portion of the CBF Church of England deposit accounts which
are not expected to be spent in the next 12 months.
Page 7
Annual report and accounts for the year ended 31 December 2023
Notos to the accounts
2 Tangible fixed assets
ant&
equipment Computer
Totsl
Cost at l January and 31 Dewnber 2023
15,059
700
15,759
Depreciation at l January 2023
Depreciation charge for the year
Depreciation at 3 l Decembw 2023
15.059
300
150
450
15.359
150
15,509
15.059
N¢t book valu¢ at 31 December 2023
250
250
Cost at l January and 31 December 2022
15,059
700
15,759
Depreciation at l January 2022
Depreciation chaTge for the year
Depr¢ciation at 3 l December 2022
15,059
150
150
300
15,209
150
15,359
15,059
Net book value at 31 Dember 2022
400
400
The plant and equipment consists of..
Condenser boiler - cost in 2009 £6,882
Rath'o microphone - cost in 2009 £793
Sound equipment- cost in 2015 £7,384
Th¢ computer was purchas¢d in 2021.
Page 8
Annual report and accounts for the year ended 31 December 2023
Independent examiner's report to St Nicholas Church, Compton
This report on the accounts of St Nicholas Church for the year ended 31 December 2023, which are set
out on pagcs I to 8, js in respect of an examinatson caTricd out under The Regulations of the Church
Accounting Regulations 2006 ('the Reglllations,) and s.145 of the Charities Act 2011 ('the Act,).
Respective responsibililies ofihe PCC and ihe examiner
As members of the PCC you are responsible for the preparation of the a(u)unts' you consider that the audit
requirement of the Regulations and sertion 144(2) of the Act do not apply. It is my responsibility to issuc thi's
report on those accounts in accordance with the tern]s of the Regulations.
Basis ofihi,s reporl
My examination was ¢aTTied out in accordance with the G¢ncral Directions veD by thc Charity Commission
under section 145{5)(b) of the Act and to be found in the Church guidance, 2013 eth'tion, issued by the
Finance Division of the Archbishops, Council. That exaMiOn includes a revi¢w of the aLYounting Tewrds
kept by St Nicholas Church and a LX)mparison of the accounts with those records. It also includes considering
any unusual items or disclosures in the accounts and seeking explanations from you as trustees concerning
any such matters. Thc prothlures undcrtak¢n do not provide all the evidence that would be requir1 in an
audiL and Gonsequcntly I do not expr¢ss an audit opinion on the view given by the accounts.
Independenl examiner's slalement
tn connection with our eaMMation, no matter has come to my att¢ntion.'
(i) which gives me reasonable cause to believe that in any matfflal respect the requirements
to keep accounting rerdS in accordance with section 130 of the Act. and
to prepar¢ accounts wlll'ch accord with the accounting records and comply with the i¢quirements of
the Act and the Regulatt"ons have not been met. or
(li) to which, in my Opinio attentioll should be drawn in Ord to enabl¢ a prop¢r und¢rsLqnding of the
accounts to be Teached.
Maple House
2 Woodberry Close
chiddgfold
Godalming GU8 4SF
2024
Anthony Kelly B.Sc FCA
Chartcred Accountant
Independent Examiner
Iq |?lo*
Page 9
**Report of the PCC to the APCM – 28[th] April 2024**
## **Membership /Attendance of the PCC during 2023**
|**Membership**|**/Attendance of the PCC during 2023**||||||||
|---|---|---|---|---|---|---|---|---|
|||Jan|Mar|Extr
post|May|Jul|Sep|Nov|
|Chair:|Rev SallyBuddle|1|1|1|1|1|1|1|
|Church
wardens:|Marian Williams to Jan 2023
Ros Lawson
Michael Winterbotham from Jan 2023|1
1
-|-
1
1|-
1
1|-
0
1|-
1
1|-
1
0|-
1
1|
|Secretary:|Margaret Davies to April 2023
Sarah Bennett from April 2023|1
-|1
-|1
-|-
1|-
1|-
1|-
1|
|Treasurer:|Linda Chastell|1|1|1|1|0|1|1|
||Annabel Harris|1|0|0|0|0|1|1|
||Julia Hunt|1|1|1|1|1|1|1|
||Jill Eyles|1|1|1|1|1|1|1|
||Stella May|1|1|1|1|1|1|1|
||Cax DuPon from April 2023|-|-|-|1|1|1|0|
||Robert(Bob)Cooles from April 2023|-|-|-|0|1|1|1|
||David Hunt co-opted Chair of Finance from Nov 2023|-|-|-|-|-|-|1|
||Mark Wilson til Jan 2023|0|-|-|-|-|-|-|
||Michael Winterbotham til APCM then churchwarden|1|-|-|-|-|-|-|
||Michael Chastell – LayDeanerySynod Repto April 2023|1|1|1|-|-|-|-|
## **Summary of meetings**
## **The PCC has met on 6 occasions with one extraordinary meeting**
**January 2023** : Welcome to new Rector; Review of Services/Worship, Outreach and Mission and Pastoral Care; Advertising for Parish Administrator; Starting Inside Out and Fabric meetings
**March 2023** : Muddy Church; PCC Structure; Approval of Accounts YE 2022 and Budget; Discussion of Stewardship program; Appointment of Parish Administrator; New PSO (RM); Lent Groups;
**April 2023** : Post APCM extraordinary meeting: Margaret Arnold Legacy;
**May 2023** : Formation of committees; Vision for 2023 Deeper, Greener, Wider; Follow up on Parish Needs Process: Growing Disciples (deeper); Growing Diversity (Wider) and Growing Community (Greener/wider) Vestry Roof; Charitable giving; Date of QI
**July 2023** : Churchyard Management Plan; Updates on moving time of BCP; Fledglings; Fete; New PSO appointed (SB) – updates on training and DBS checks;
**Sept 2023** : Finances and budget; Vision for 2024; Safer Recruitment process adopted; Appointment of Organist; Review of Finance Committee and appointment of Accountant (SW) and Chair of Finance (DH)
**Nov 2023** : Christmas Services; Approval of budget for Q1; update on safer recruitment, governance (inc role descriptions)
The North Door Project was a recurring item. The North Door was officially opened in November 2023.
_The PCC has complied with the duty under section 5 of the Safeguarding and Clergy Discipline Measure 2016, namely the duty to have regard to House of Bishops’ guidance on safeguarding children and vulnerable adults. In particular during the year, PCC members and Churchwardens have met their safeguarding training requirements; Disclosure and Barring Service (DBS) checks have been made or renewed, as required. A Safer Recruitment Policy has been adopted and Role Descriptions are in place for key positions. Reports on Safeguarding have been received at every PCC meeting._
Sarah Bennett