St Benedict's Church, Glinton
Annual Report and Financial Statements of the Parochial Church Council
for the year end December 2023
Vicar
Rev Keir Dow
Bank:
Barclays Bank plc Church Street Peterborough
Independent examiner:
Mr Matthew Phillips 10 Main Street, Etton Peterborough
ST BENEDICT'S CHURCH, GLINTON
| ST BENEDICT'S CHURCH, GLINTON | ST BENEDICT'S CHURCH, GLINTON | ST BENEDICT'S CHURCH, GLINTON | ST BENEDICT'S CHURCH, GLINTON | ST BENEDICT'S CHURCH, GLINTON | ST BENEDICT'S CHURCH, GLINTON | ST BENEDICT'S CHURCH, GLINTON | ST BENEDICT'S CHURCH, GLINTON | ST BENEDICT'S CHURCH, GLINTON | ST BENEDICT'S CHURCH, GLINTON | ST BENEDICT'S CHURCH, GLINTON | ST BENEDICT'S CHURCH, GLINTON |
|---|---|---|---|---|---|---|---|---|---|---|---|
| FINANCIALSTATEMENT | |||||||||||
| for theyear ended 31st December,2023 | |||||||||||
| **STATEMENTOF ** | ASSETS AND LIABILITIES | ||||||||||
| General | Fabric | Totals | |||||||||
| Fund | Fund | 2023 | 2022 | ||||||||
| £ | £ | £ | £ | ||||||||
| Monetary assets | |||||||||||
| Bank balances and cash | 6,817 | 46,802 | 53,619 | 54,883 | |||||||
| Debtors | 150 | 150 | 405 | ||||||||
| Liabilities | |||||||||||
| Creditors | -8,906 | -8,906 | -4,977 | ||||||||
| -1,939 | 46,802 | 44,863 | 50,312 | ||||||||
| Balance as at 01 January2022 | 2,215 | 48,428 | 50,643 | 65,909 | |||||||
| Surplus/defcit for theyear | -4,154 | -1,626 | -5,780 | -15,597 | |||||||
| Balance as at 31 December 2021 | -1,939 | 46,802 | 44,863 | 50,312 | |||||||
| Debtors | |||||||||||
| Owed to PDBF for fees | 150 | ||||||||||
| Creditors | |||||||||||
| Owed to St Benedict’s for Incumbents expenses |
101 | ||||||||||
| Tuesdayat Ten | 478 | ||||||||||
| MessyChurch | 100 | ||||||||||
| 9BBs | 0 | ||||||||||
| 9BB Choir Funds | 826 | ||||||||||
| Benefce Fundraising | 7401 | ||||||||||
| 8906 | |||||||||||
| St Benedict's holds CBF and COIF investments, which are subject to the terms of the trust in which theyare held. The market value of the investments at 31 December 2022 are shown below: |
|||||||||||
| 2023 | 2022 | ||||||||||
| £ | £ | ||||||||||
| 218,602 | 196,373 | Increase of | 11.3 | % | |||||||
| At 31 Dec 2023 these investments are as follows: | |||||||||||
| 2023 | 2022 | ||||||||||
| Church Lands 128001349S | 70,790 | 62,888 | (Estimated | fgure) | |||||||
| Church Lands CO3059295 | 27,106 | 24,825 | 0 | 9.19 | |||||||
| Bell Fund CB3032166 | 64,961 | 57,709 | 70,790 | 0 | 12.57 | ||||||
| Larkin Bequest CB3032167 | 55,745 | 50,951 | 0 | 9.41 | |||||||
| Total | 218,602 | 196,373 | |||||||||
| St Benedict's also owns land, which is subject to terms of the trust in which it is held, and has use of the rental income from the land. |
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| To be approved bythe Parochial Church Council | |||||||||||
| Dr Simon Richards,Treasurer |
ST BENEDICT'S CHURCH, GLINTON
FINANCIAL STATEMENT FOR THE YEAR to 31 DECEMBER 2023
GENERAL FUND - UNRESTRICTED FUND RECEIPTS AND PAYMENTS ACCOUNT
| ST BENEDICT'S CHURCH, GLINTON FINANCIAL STATEMENT FOR THE YEAR to 31 DECEMBER 2023 GENERAL FUND - UNRESTRICTED FUND RECEIPTS AND PAYMENTS ACCOUNT |
ST BENEDICT'S CHURCH, GLINTON FINANCIAL STATEMENT FOR THE YEAR to 31 DECEMBER 2023 GENERAL FUND - UNRESTRICTED FUND RECEIPTS AND PAYMENTS ACCOUNT |
ST BENEDICT'S CHURCH, GLINTON FINANCIAL STATEMENT FOR THE YEAR to 31 DECEMBER 2023 GENERAL FUND - UNRESTRICTED FUND RECEIPTS AND PAYMENTS ACCOUNT |
ST BENEDICT'S CHURCH, GLINTON FINANCIAL STATEMENT FOR THE YEAR to 31 DECEMBER 2023 GENERAL FUND - UNRESTRICTED FUND RECEIPTS AND PAYMENTS ACCOUNT |
ST BENEDICT'S CHURCH, GLINTON FINANCIAL STATEMENT FOR THE YEAR to 31 DECEMBER 2023 GENERAL FUND - UNRESTRICTED FUND RECEIPTS AND PAYMENTS ACCOUNT |
ST BENEDICT'S CHURCH, GLINTON FINANCIAL STATEMENT FOR THE YEAR to 31 DECEMBER 2023 GENERAL FUND - UNRESTRICTED FUND RECEIPTS AND PAYMENTS ACCOUNT |
ST BENEDICT'S CHURCH, GLINTON FINANCIAL STATEMENT FOR THE YEAR to 31 DECEMBER 2023 GENERAL FUND - UNRESTRICTED FUND RECEIPTS AND PAYMENTS ACCOUNT |
ST BENEDICT'S CHURCH, GLINTON FINANCIAL STATEMENT FOR THE YEAR to 31 DECEMBER 2023 GENERAL FUND - UNRESTRICTED FUND RECEIPTS AND PAYMENTS ACCOUNT |
|---|---|---|---|---|---|---|---|
| Note | 2023 | 2022 | |||||
| £ | £ | £ | £ | ||||
| Receipts | |||||||
| Incoming resources from donors | |||||||
| Plannedgiving | 7,078 | 6,955 | |||||
| Tax recovered | 2 | 1,056 | 1,230 | ||||
| Collections at services | 2,399 | 2,264 | |||||
| GivingbySumUp | 7 | 2 | 39 | ||||
| 10,534 | 10,488 | ||||||
| Other voluntary incoming resources | |||||||
| Donations | 7 | 8,120 | 5,651 | ||||
| Fund raising | 3 | 4,709 | 2,836 | ||||
| 12,828 | 8,486 | ||||||
| Income from investments | |||||||
| Land Rents | 11 | 3,395 | 3,395 | ||||
| Bank interest | 0 | 0 | |||||
| Transferred from CCLA | 7,000 | 20,000 | |||||
| 10,395 | 23,395 | ||||||
| Income from operating activities | |||||||
| Fees | 10 | 916 | 966 | ||||
| Total Receipts | 34,674 | 43,336 | |||||
| Payments | |||||||
| Grants | |||||||
| Charitablegiving | 4 | 0 | 170 | ||||
| Church Activities | |||||||
| Diocesanquota | 9 | 20,690 | 19,900 | ||||
| Payments ref Fund Raising | 692 | 96 | |||||
| Clergyexpenses | 163 | 310 | |||||
| Readers & VisitingPriests’ fees | 124 | 234 | |||||
| Costs of Services | 297 | 398 | |||||
| Church RunningExpenses | 988 | 924 | |||||
| Church Maintenance | 5 | 2,501 | 2,344 | ||||
| Reordering | 4,763 | 20,159 | |||||
| Sound System | 5,7 | 0 | 2,229 | ||||
| Insurance | 1,772 | 1,401 | |||||
| Organists | 540 | 675 | |||||
| 32,529 | 48,670 |
| Church management and administration | |||||||
| Printingand Stationery | 93 | 78 | |||||
| Officers expenses | 0 | 0 | |||||
| Copyright licence | 101 | 96 | |||||
| Quinquennial Survey | -312 | 600 | |||||
| Cost of meetings/Training& Subs | 0 | 220 | |||||
| books | 0 | 0 | |||||
| Flowers | 50 | 0 | |||||
| SundryExpenses | 8 | 94 | 8 | ||||
| 26 | 1,002 | ||||||
| Total Payments | 32,555 | 49,842 | |||||
| Excess of Receipts over Payments | 2,119 | -6,506 | |||||
| 0 | |||||||
| Bank account 01 January 2023 | 417 | 3,412 | |||||
| Net Change in funds held for 9BB Choir(included in a/c) | 826 | 0 | |||||
| Net change in funds held for 9BBies(included in a/c) | 0.00 | -215 | -96 | ||||
| Net change in funds held for Tuesdayat Ten(included in a/c) | 477.65 | -109 | 49 | ||||
| Net change in funds held for MessyChurch | 0 | -229 | |||||
| Net change in funds held for Benefice Fundraising | 3,326 | 4,075 | |||||
| Payment made from Benefice Singers a/c | 0 | -5 | |||||
| Transferred to CCLA account | 0 | 0 | |||||
| Debtors b/fwd | 405 | 122 | |||||
| Debtors c/fwd | 6 | -101 | -405 | ||||
| Creditors b/fwd | 0 | 0 | |||||
| Creditors c/fwd | 6 | 150 | 0 | ||||
| Bank account 31 December 2023 | 6,817 | 417 | |||||
| (Actual) | 6,817 | ||||||
| (Difference) | -0 | ||||||
FABRIC FUND - RESTRICTED FUND RECEIPTS AND PAYMENTS ACCOUNT
| FABRIC FUND - RESTRICTED FUND RECEIPTS AND PAYMENTS ACCOUNT |
FABRIC FUND - RESTRICTED FUND RECEIPTS AND PAYMENTS ACCOUNT |
FABRIC FUND - RESTRICTED FUND RECEIPTS AND PAYMENTS ACCOUNT |
FABRIC FUND - RESTRICTED FUND RECEIPTS AND PAYMENTS ACCOUNT |
FABRIC FUND - RESTRICTED FUND RECEIPTS AND PAYMENTS ACCOUNT |
FABRIC FUND - RESTRICTED FUND RECEIPTS AND PAYMENTS ACCOUNT |
FABRIC FUND - RESTRICTED FUND RECEIPTS AND PAYMENTS ACCOUNT |
FABRIC FUND - RESTRICTED FUND RECEIPTS AND PAYMENTS ACCOUNT |
|---|---|---|---|---|---|---|---|
| Note | 2022 | 2021 | |||||
| £ | £ | £ | |||||
| Receipts | |||||||
| Incomingresources from donors | |||||||
| Covenants andplannedgiving | |||||||
| Reimbursement fromgeneral fund | |||||||
| Transfer fromgeneral fund | 0 | 0 | |||||
| 0 | 0 | ||||||
| Other voluntaryincomingresources | |||||||
| Donations | 0 | 0 | |||||
| From 100 club | 0 | 0 | |||||
| 0 | 0 | ||||||
| Income from investments | |||||||
| Interest and Dividends | 4,514 | 4,023 | |||||
| Land Rents | 11 | 0 | 0 | ||||
| 4,514 | 4,023 | ||||||
| Total Receipts | 4,514 | 4,023 | |||||
| Payments | |||||||
| Activities directlyrelatingto the work of the Church | 5,000 | 5,000 | 2,500 | 2,500 | |||
| Re-ordering | 2,000 | 2,000 | 0 | 0 | |||
| Church Maintenance | 0 | 0 | 0 | 0 | |||
| Total Payments | 7,000 | 2,500 | |||||
| Excess of Receipts over Payments | -2,486 | 1,523 | |||||
| Bank and Deposit accounts 01 January2021 | 48,428 | 62,034 | |||||
| Bank and Deposit accounts 31 December 2021 | 45,942 | 63,558 | |||||
Notes to the Accounts 2023
1 Accounting Policies
The financial statements have been prepared in accordance with the Church Accounting Regulations 1997 using the Receipts & Payments method.
Funds
General funds represent the funds of the PCC which are not subject to any restrictions regarding their use and available for application to the general purposes of the PCC.
The accounts include monetary transactions, assets and liabilities for which the PCC can be held responsible. They do not include the accounts of other Church groups that owe an affiliation to another body, nor those that are informal gatherings of Church members
2 Income tax recovered
Tax recovered relates to the period upto 5th April 2023, and includes all Gift Aid claimable under new rules (which includes money given in plate collections.) The Parish Giving Scheme credits the gift aid payable on a monthly basis; this sum is not accounted separately.
3 Fund Raising, net of expenses
| 100 Club donation | 1900 |
|---|---|
| Beetle Drive | 518 |
| Cofee Mornings | 391 |
| U3A visits | 299 |
| Harvest Supper | 328 |
| Christmas Fayre | 581 |
| Total Fund Raising | 4,017 (profit) |
| giving | |
| iving was paid at a Benefce level from the funds gathered at Ten, and distributed to local charities in accordance with the e ‘patrons’ of Tuesday @ Ten |
|
4 Charitable giving
Charitable giving was paid at a Benefice level from the funds gathered at Tuesday @ Ten, and distributed to local charities in accordance with the wishes of the ‘patrons’ of Tuesday @ Ten
5 Church Maintenance
| Chubb (Fire extinguishers) | 24 |
|---|---|
| Vulcana (Gas heater maintenance) | 390 |
| Rectory Garden maintenance | 70 |
| Churchyard Maintenance, including wall repair | 915 |
| Bell maintenance | 102 |
| Fabric maintenance | 116 |
| Miscellaneous maintenance costs | 50 |
| Churches Fire Security | 834 |
| Total recorded | 2,501 |
6 Creditors & Debtors
| Creditors & | Debtors | |
|---|---|---|
| Creditors: | Owed to PDBF in respect of fees | |
| 150 | ||
| Debtors: | ||
| Owed to St Benedict’s Church in respect of | ||
| Incumbent’s expenses | 101 | |
| In addition, | St Benedict’s holds monies for other Benefce | |
| Organisations and records these funds : |
| In addition, St Benedict’s holds monies for other Benefce Organisations and records these funds : |
||
|---|---|---|
| Balance at 31.12.23 | ||
| Benefce Fundraising | 7401 | |
| Tuesday @ 10 | 478 | |
| Messy Church | 100 | |
| Benefce Choir | 826 | |
| Total | 8805 | |
| 7 Donations | ||
| Voluntary donations to Benefce Choir Funds | 915 | |
| Donations at Baptisms | 35 | |
| Donations at Funerals | 660 | |
| Grant funding | 5250 | |
| Legacy | 1000 | |
| Named donations | 137 | |
| Total church box | 107 | |
| Miscellaneous Donations | 931 | |
| Donations made online (using SumUp) | 2 | |
| Total | 9037 | |
| (Less Choir donations, transferred to Choir Fund) |
8122 | |
| 8 Sundry Costs | ||
| Include : | ||
| Interview lunch expenses | 16 | |
| Rectory Plantar | 5 | |
| Installation catering | 72 | |
| Miscellaneous | 1 | |
| Total | 94 | |
| 9 Diocesan Quota | ||
| The share of the Diocesan Quota for St Benedict’s Church (representing 100% of full share ) 20690 112 |
||
| 10 Fees | ||
| 1 Wedding, 6 funerals and 1 interment of ashes were conducted in 2023 | ||
| 11 Land Rents | ||
| The PCC agreed that Land Rents should be paid into the General Fund to be used to support the ministry and worship in St Benedict’s Church |