THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF LANGDON HILLS STATEMENT OF FINANCIALACTIVITIES FOR THE YEAR ENDED 31 DECEMBER 2023 THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTtCAL PARISH OF LANGDON HILLS ONTENT5 FOR THE YEAR ENDED 31 DECEMBER 2023 P•8È Refe¥ence and administrative detalls of the Ehaiity, its trustees and advisors Trustees. reyort Independent examiTrerf5 report io ststementof flnanclal acti¥itle5 li Balance sheet 12 statÈmÈnt of cash flows 13 Note5 to the fitiancÈ31 statements 14-25 THE PAROCHIAL CHURCH COUNCIL OFTHE ECCiESIAsncAL PARISH OF LANGDOW HILLS REFERENCE ANDADMINISTRATIVE DETAIiS FOR THE YEAR ENDED 31 DECEM¥ER 2023 AdmlnSstratSve d￿allS of the tharlty Charlty Re£lstered Number 1127451 Prlnlcipal Office St. John's Church, Forest Glade, Langdon Hills, Baslldon. Esstrx S516 6RX AdvlsÈrs Bankers Barclays Bank Ltd. 19 Town Square, 8asildon. SS14 IBD Solicitois Diocesan Registrar Wlnikworth Sherwood, Minerva House. 5 Montague Close London SEI 9B8 Investment advisers Barclays Bank Ltd, 2 East Wall Basildon, SS14 IHN In5urer5 RSA via Preschool Learnlng Alliance, The Fitzpatrick Buildin& 188 York Way. London N7 9AD Ec£lesia5tical Insurance Group, Beaufort House, Brunswick Road. GloucesterGLI IJZ Audltors ClÈmeno Hoar Cummings, 1-5 Corno Street. Romford. RM7 7DN Custodian Trustee Di0￿Se of Chelmsford, Diocesan off1￿, 53 New Street, Chelmsford, EsseK CMI IAT Stfucturei govemance and management The Parish ol Langdon Hi115 15 part of the Church of England Diocese of Chelmsfotd. The governing documents are the PCC Power5 Meu5ure 1956, and the Church representution rules 1980 (plus lotEr Gmendmeft>ts} Link5 to both docurnents can be found on the Parish resources website hit Iimtyw Member5 of the parochial church council IPCCI are trustees of the chaiity. The PCC decides all strate8lc pollcles Of the parish. and decisions on significant expenditure. Sub-committeÈs deal with que51ions of e.g. finance. Childcare and bulldlng mairrtenance in greater detall. and recommend actSons to the PCC askSn8for PCC Approval. ClerBy arÈ ex offitlo mÈmbers, as are those elected to be church wardens and thelr deputles. and Dtranery Synod representatives. oiher PCC member5, including readers and the lay evangelist, are elected by church member5 at the annual parochial church meetlng In April. Informal tralning is given by word of Mouth (before and after election). by necEssary explanation durtng the PCC meetlngs. and through membership of a sub-committee. Our PCC meet SIK times durinE the year. Meetings be8in wlth a short act of worship. During the year we have been dlscu55ing Specific matters reported by the PCC sub committees as well as looklng at Dlo¢e5Hn rewmmended reviews/activitles. Pale Z ThE PAROCHIAL CHURCH COUTrICILOFTHE ECCLESIATICALPARISHOF LAf4GDON HILts TRUSTEES REPORT FOR THE YEAR ENDED 51 DECEMBERIQZ3 Paro£hlal Chufth Council Membershlp 2023 EJE officlo.. Recitsr Reverendjeremy Noles Ichairl Elected membÈrs: Term of Office explre5'. Parlsh Churchwarder¢ 1st Marys) Parlsh ChurchwardEn (St Mary51 Judy street RD8er McArdell 2024 2024 lapp 23.04.231 Parish Churchwarden IStJohnsl Parlsh Churchwarden Istjohnsl Rostan Goosen Sheila Mo¥£an 2024 2024 Deanery Synod Rep Deanery SY￿0d Rep/Lay EvanEelist Deanerysynod Rep Sheila Margaft Eddy Lee Kay Rumsev 2026 2026 2026 Irestgned 30.01.241 Council Member Councll Member Council Member 8arbara Barr 2024 2024 lapp 23.04.231 2024 io Anne Rogers li 12 13 Counill Membew Councsl Member Councll Member Sue Rath TTacie Brown Jessica Brown 2025 lapp 23.04.231 2025 2025 14 15 16 cO￿nclE Member Council Member Council Member IPTO Reader Irene D'Aeth Retnl Sofowoia Kennedy Rath 2026 2026 lapp 23.04.231 2026 17 QFOpted Ichlldcare ManaBerl Thorosa Cobbing 2024. Non MÈmbers'. Debbie Porter IAct4ngTreasuferl Nlkkl Hall IPCC Secretary) *Theresa co-opted as she 15 not on the Church Elertoral Ro11. Paze 3 TIIE PAROCHIALCHURCN COUNCII OFTHE EC£iESIASTICAL PARISH OF LAtIGDON HILLS TRIJSTÈES REPQRT FOR THE YEAR ENDED JI DECEMBER 2028 The Trusiees present thelr annual report together wÈth the linancial statements of The Parochial Church Council of the EtclÉslastli31 Parlsh of Langdon Hi115 (the ch?Fityl for tlie year ended 31 De￿mber 2023. The Trustees £onflrm that the Annual Report and flnancial 5tatement5 of the chaTlty comply wtth the current statutory requlrements, the requSrements of the ¢harity'S governing document an(5 the provisions ol the Statement of Recommended Practice ISORPI. applicable to charities p￿parIng their accounts in accordance with the Financial Reportin8 Standard applicable In the UK and Republlc of Irèland IFRS 1021 leffective l January 20151. Oblectlves and Actlvltles a. Poll¢les and oblectlves The trusteès are Mindful of thelr duty in section 17 of the Charities Act 2011 to have due regzrd to the Charlty CommI$51on's gener41 guidance on public benefit, and of Its supplementary public 8uldante on thÈ Èdvaniement of relision fDr the public benefit, when consldering the objectives and activltles of the Pccof Langdon Hllls. The trustees believe that the PCC of Langdon Hi115 makes a 5ignilicaTht contributlon tts the public as evldenced in ihe attlvStiÉs undErtaken thai are stated in this report. b. Atilvltles forathlevlni oblettlves The parish pYovide5 Chiistian services of worship at its two chu¥ches for the beneflt of both members and vlsltors. It encouraEes splrilyal growth by guidance and discussion in small groups. It aims to serve and care for the community as well as prÈsentine the Gospel outside the church bulldings, for example through its work In schools. resldentlal homes, hospital. and worklng with othei local churche5. It also provides hlgh ouallty chlldcare In the preschool. out of school and holiday clubs.1SeÈ our mlsslon ststÈMÈnt and Parlsli pvayerl. It has been an encouraBinE year in the lifè of tsur parlsh a$ we have Continued to recover from the effects ol the Covid 19 pandemlt. Gud has continued to bless us with opportuTritlesiO serve and to grow. The Churches At 5t Marfs. the congregations are blessed by the worsh¢p and fellowship. Services are traditional. with a weekly Sunday serYl¢e of Holv Communlon at 9am and occasional services for commemoratton. In 2023. we expanded the use of the St Marfs chvrth bulldlng with the Introdu¢tlon of opportunlties for members of the Eocèl community to drop In on Saturday Afternoons d*Jrln8 the summer for light fie5hments. company and the opportunity to explore exhlbits about local hlstory. and thÈ laun¢h of 'St Marf5 Live, rnonlhly music and Entertai￿￿eThi evenlnRS from the autumn onwards. Many are a150 ble55eLt through the spet131 tnlnistry of occasiDnal i)fflce5 Ibapt15Tn5, weddlng5, luneralsl and othef special Services such 85 our annv31 rneTnoriBI servlce. A highlight of 2023 was the bapli5rn in the sea of S people during the sumrnpr at a nearby beach. thJrin8 the Christm35 season, St Mar¢s WB5 ESppci#lly busy hosting a traditional 'Carols by CandlElÈght' Nine LessOT15 and Carok serv1￿. Many in the community a150 attended the two Chiistingle *rvice5 for which the church was cornpletely lull, and the Mldnlght Communion servt held on Christmas Eve. Al St John's there Is 8 weekly Sunday service at 11.ODam. The Trormal pattern of 11am servlces is Holy Communlon on 2nd. 3rd and 4th Sundays. wlth a monthly All age service on the 1st &Jnday ol every month. 8zptisms also take place in thls servlce. The Chrlstingle setvtce helll at St John's Church on Christmas Eve was well attended, with an increase In attendance as cornpèred to 2022 when a Chfistingle Servi￿ at St John'5 wès flrst Introduced. A new'Hope Explored course forthose wantlng to explore the message of Chr15tma5 further wa5 promoted at Chri5trn4s servlces at both churches. P4804 THE PAIIOCHIAICHURCH COUNCIL OFTME ECCLESIASTICAL PARISH OF LANGDON HILiS TRLISTEES REPORT ¥OftYHEVEAR ENDEO 31 DECEMBER 2023 The thurthÈs contlnued There has been much tlme, prayer and energy tnvested into St John's uver the yea¥s and we continue to see the benefit of thls. The development of our worship, builLlings and chlldcare seM¢es has resulted in lots of activity and many opportunitles midweek taking place there. congregat10￿5 on Sundays continuÈ to be busy and have welcomed new famS1ies and thelr chlldren Into the chur¢h. Outrearh grotjps Continue Éo grow wllh newgroup5 on the hoTIZOTI. Other Artivltles st John's is also the base for most of our soci31 and splritual events iThcluding'. Thursday Aendezvous- a soc181 group for over 50,5 Wlth occ8slonèl short talk5. Alpha Coursè- twlte yearly in january ar¢d SeptEmbEft providlng an opportunity to explore falth and life questlons. Small Group$- meeting weekly In members, hO￿se5, at Stjohn's oron Zoom, enabling people to 8row In falth and matu￿. Student5 of the Alpha course are encouraeed to join a Small group after the course ends. Men Unl¢ed- open to men providing events including a monthly Fnen's breaktast, sometimes Sncltsdin8 a spÈaker. and rÈgular $otial event Communltywalk a walking actSvity to explore our local naiure reserve which tneet5 ane Saturday a month. stopping for coffee at the nzture reserve café. O- 3$ Club- held on 8 Monday and Tuesday morning at5t John's Church for parent5 al￿ carer5. CommEEnity Hub-a new activity on Saturday5 atst John's church providln8 a warm space, hot food and drinks especlallydurlng the coldei mDnth5, thovgh with potential forthls to ¢ontlnue for a longer peflod. AfternoonTea and Chat- evory Wèdnesday afternoon during term time at St John's Church. NexGen- once a month klds club on the last Saturday of eath tnonth lor children aged 7 to 11, Sl Mar¢s Live- monthly series of music & eTrterlainment atst Marfs Church. As above. wtential forincrea5ed use of St Mar*s Church Is beln8 explored. Outside the churchps our Pastoral Team also undertake hotTre. residential care horne and hosplral vlslring. A monihty H0￿coMMuni0n seNlie nowtakes plèce at a ressdential care home adjacentto Stjohn's Church. Fundralsln8 Fundralslng has continued through 2023. Several falrs weie held throughout the year whlch were well attended Ènd enjoyed by the local comTnurtity a5 well a5 a fun quii night. ThÈ Parish took part in the Fun Walk, the bralnchild of H local MP. local charities and grosjps are able to Increase thelr sponsorshlp fvndralsing by around 30 to 40% frDm a PDI donated by local buslnes5es. Fundraising Is an Important part of the pa￿sh and brlngs the wmmunity into the church bulldlngs. A succe55ful 8Tant appllcation to Essex County Councll funded the start-up costs for the new NÈxGen kid5 club. . Volunteers The Parish relles heavlty on a large number of volunteers, pzrticularly for churth a¢tlvltte5. M05t of the PCC rnembershlp Is voluntary. Volunteers also prtsvlde'st John'5 Klds, Isunday schooll staff. leaders of small 8roup5, church warden5 and deputies, sldes pÈrsons, sub- commiLtee rnembers, Social activitie5, music during worshlp lorgan, choir and muslc group) and refreshments. Assessing the number is difficult betau5e rnany have more than one role. but about 7￿80 people are involved. Achievements and performance a. Revlewof activitles (hlldcare We have contsnued to develop our work wilh families 4nd children at Stjohn's. St John's ChIld¢a￿ has been continuing to build links wlth the m3ny families this puts us In touch with. Cmjr Hollday Club operates during most school hollday5 for p￿-SChool age children. A soclal pro8ramme operates alongside the tprtnty invitatlons to seasonal setvlces IEaster, Harvest, Mothed5 Dayi Fatherf5 Day etcl. Page 5 THE PAROCHIAL CHURCH COUNCILOF THE ECCLE51ASTICALPAIUSH OF LANGDOt4 HILLS TRUSTEES REPORT FOR THEYEAR ENDED 31 DECEMbtR 2023 Chlld are Continued We Trow have Over 200 chlldren beneflttirbg from the seTvices we provlde. whlth cover the period from 7.30am to 6pm. child(a￿ 15 provided by arouNd 40 staff. Elettoral Roll The iurrent numberof members on the Chur¢h Electoral Roll Is 137. up I since 2022. Slnce last year's revislon, 5 people have been added, 2 hav@ sadly died an(5 2 asked to be removed as they are now at ￿her Pai15hes. The population Is made up of 82 resldents and SS non-Tesidents Ecumenlcal Relallonshl The parish is a member Df Churche5 together In 8asildon and participate5 in periodS¢ jtiini services of worshlp. We also have a close worklng ￿lat10t)Ship with the local Methodist, Baptlst. Ellm Pentecoslal and Catholic churche Financial revlew . GoinE ronrern After making approprlat@ enquiries. the trustees have a rea50tiable pxpe¢iatlon th8t the charity has adequate resourtès to contlnue In operatlon31 existence lor the foreseeable fulure. For this reason, thpy contlnuÈ to adopt the 8oiThg concern basls in prepari￿ ihÈ financlal stètements. FurtherdetsÈls reg8rdingthe adoption ofthe gotng concern b4sis ¢an be lound in the Accounting Policies. b. Annual R¢view Total income in 2023 was £813.782and experbdituve £816,247. resulting In a small deficit of £2,465 la 5uipIu5 of £11,347after tskin8 snto considerarion the 2023 increase In investments of £13,812 due tts markei recoveryl. We came in at £4,157 below our budAÈted deflcTt 1£6.6221. The expendlture of £816,248 3150 includes £5,496 spent from the St Marvstabiit restrlcted hjnd. We hlre out St Mlry's Church Hall and St John's thurch to outslde organisations. OUT unlformed or8anlsatlons pay a nominal rate. and others pay a standard rate. Our major customer Is the Oak Wood Preschool who uses our hall every week day durlng school tlmes. We started fiew hire agreements for evening exeTcise groups whlch have been @oing well. The income from hire ¢ove¥s èll normal runnin8 and maintenance cost5 and allows us to cover m05t repairs to our IDD year old hall. St Mary'5 Hall w85 able to make a surplus of £14.46S in 2023 due to no major repairs caTrled out. The Hall doe5 TheÈd slBnlfltant Investment to brsng the standard5 UP to a Kood leve1. Work begin its 2023 to Identify Improvernents needed with the inteniK)n to undertake at least some ol these in 2024. Page 6 THE PAROtHIALCHiIRCH COUNCILOFTHE ECClESI￿T1¢AL PAR15H OF LANGtION HILLS TRLISTEES RÈVORT FOR THEYEAR ENOED 31 DECEMBER 2023 Incorne from giving to the chuv£h was not sufficient to cover the costs of running the iwo churches. and WE have had to rely on our Ihlldcare Income to supplernent. We have reclaFmed sorne £13,535 from HM Revenue and Custom5 fDr gift 3ided don3tiofis In an imprDvement on 2022. Giving frDm St Mar¢s was IO% highe¥ and St John's was 105% higher than 202215t Marls affected by regular donor getting up PGS under St JDhn's, would have been 16% higher for STM and 73% hieher for STJI. Parlsh givlng Ilncl. Glft Aldl was £586 short of coverlhg Ihe Parlsh Share yald to the Dloce5e10.75% shortfall) which Is a huge Improvement on 2022 and due tr> the Success of the.GivI￿ In Grace. Regular GIvinB appeal. Our pollcy Is to gÈve to charlty at least IO% of inttsme from donors plus IOYO of the proflt on our trading attivltles. At the beginnlng of 2022 we suspended all tithe Blving. Due to therÈ being no surplus In 2023, our giving policy will remaln suspended however the plan ts to reintroduce tithe giving once ourfinanilal position recovers. c. Rese￿$ pollcv Oui unrestricted cash reserve5 at the end of the year were £125,694 whlch includes £54,421 in restricred fund5. The minimum level we con51der VIab￿ is £150,000 howeveT our current level is below what we feel would cover our obligatlons In the event of an etnergencv li.e. 3 months red￿nd)ncY payl. We do however have kjss of earnings Insurance to coverthls. d. Materlal Inve51ments policy Reserves are held in Church of Finance IC8FI funds. Barclay5 bank community ¢urrenr 3ccotJnt and depostt account. These are considerèd low risk investmeDts in line with the trustees, attitude to investment rlsk. Interest Is paEd on Èach balance except the current account. The latter Is regularly monitorÈrf to Festrlct balance5 to a rnonthly need. The Robsnson Churchyard eThdowment j5 held as shares in the CBF InvÈ5tmpnt fund. The PCC ol lan8don Hills also benefits from the Langilon klills Ecclpsia5tical CharEty Ifoimerly known a5 the Churchfleld Charity) and the Cleaver Trust. The endowed assets of these fvnds are controllÈd by the Chelmsford Diocesan Board of Finants. StrutturÈ. Eovernance and management a. Constltutlon The Parish of Langdon H¢lls Is part of the Church tsf En8lalld Diocese ol Chelmsford. The governing documents are the PCC Powers Measure 1956, 6nd the Church Tepre5entation rules 1980 (plus later 8mendmentsl. Link5 to both documents ran be found on thÈ Parish resources website.. http.'//www.p3ri5hresources.or8.ukl b. MeihDd of appolntment or ele¢Eton of YitsstÈe5 Mewnbers of the parochlal church council IPCCI ?re trustees of the charsty. Clergy ale ex-offi£lo members. Church wardens and Deanery Synod representatlvÈs are elected to the Pccat the annual paroch￿1 church meeting in Aprll. as are three PCC members peryear. Our PTO Readèr and Lay Evangelist are a150 PCC members but by vlrtue of being elected as a council member and Deanery Synod representative respectively. Trustee traiTrin8 is provided bythe Dlocese and all PCC member5 are e[￿0￿ra￿ed to acce5S this. with fvrther explanation bein8 given at meetings a5 necessary. PAIÈ 7 THE PAROCHIAICHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF LANGDOPI HIILS TRVSTEES REPORT FOR TIIE YEAR ENDED 31 DECEMBER 2023 ¢. Oiganlsational structure and derlslon maklng The PCC decide5 all Strategic policie5 of the parish. and decisions on slEnlficant expenditurÈ. Sub ¢d5 and PTinciple5 In the Ch3rltlÈs SORP., Make judgempnts and accounting estimate5 that are reasonable and prudent.. State whether appllcable accounting standards have been followed, sublect Eo aThv material departures disclosed and explained in the financlal statements.- P￿pare the finaneial statetnent5 Oll the going concern basis, uThle55 It is Inappropriate to presume that the charity will continue in operation.. The iwstees are responslble for keeping sufficient accounting records that dlscloso wSEh ￿aSonable accurècy Bt aTry time the linanclal position of thE charity and enoble them to ensure that the financlal st2temÈnts comply with the Charities Art 2011 & 2016, the Charity (Accounts and REpartsl Re8ulatlDns 2011 at)d the prowsions of the trust deed. They are 31so responsible for safeguardlnE the assets of the chariEy arKI hence for taking reasonablÈ Steps for the prevenilon and detection of fraud and other irregularities. The trustees are responsible for the maintenance and Integrity of the charliy and finarKial information Included ory the charitvs website. Legislation in the United Klngdom governing the preparation and dSssemlnation of financial statemerbts may differ from legislation other juri5dictlOn5. Approved by the trusteÈs ¢)n ol and slgned on thelr behalf by Retyd Jeremy Noles, RECtor Debble Porter, ActingTreasurer Page 10 THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF LANGDON HILLS REPORT OF THE INDEPENDENT EXAMINER FOR YHE YEAR ENDEI) 31 DECEMUER 203 l￿dependert Exarnlners Reporttothe Trustees of The Paro¢hla5 Church touncll of the Eccles18Stlcal Parlsh of La￿d0Th Hllls Ithe '¢harity'l I report to the charityTwstees on my examinatlon of thE atcovftts of the charity for the yearended 31 De£embÈr 2022. Responsibilities and Ba515 of Report As the Trustees of the tharity you are responsible for the preparation of the accourts in accordance with the requirements of the Char6ties Act 20111'thÈ 2011 ACVI. I report respect ol my examin8tion of ihe charlEy'S atceunts carrted o¢Jt under sectlon 145 of the 2011 Att and In carrylng out my examination I have followed all the appllcable dlrettions glveA by the Charlty Commlsslon undersectitsn 14515llbl of the 2011 Act. Indepèndtnt Examlner5 Statement Since the charitls gross Intome exceeded £250,000 your examiner must be 3 member of a body Ilsted In sectlon 145 of the 2011 Act. I confirm thar i arn quallflÈd to undert&ke the examinatlon because l am 8 memberof ICAEW, whlch Is one of the Ilsted bodfjes. I have completed the examinallon. I can conflrm that no matters havÈ ¢ome to my atteTrtion in Conn￿tK)n With the examination giving tne rauseto believe that in any materhil rospett. accounting recordswerenot kept In respeciofthe charity ès requlrÈd by seition 130of the 2011 Actor,. the records do Th)t a£cord wlth those ￿c9T￿$,. or the accounts do not comply with the applicable requirements £oncernine the form and content of accounts set out In the Charlties (Accounts and Reportsl Regulatlon5 2008 otherthan any requirement that the accounts give a'true and f2irf view which k not a matter nsldered as partof 3n Independent examination. I have no cOn￿rn$ znd hève come across rto other matteTS In c¢Jnnertion WTth the examinatiofi to which attenlion 5hoLsld be drawn in thi5 report in order to enable a properunder51andlng of the iccount5 to be reached. Date: Pavld Belbin 8Sc BFP FCA DChA aemence Hoar CurnmlnKs CharterÈd A(¢ountant5 Ri¥er5ide House I-S Cotno Strept Roml(Ird E55ex RM7 7DN Page 11 THE PAROCHIAL CHURCH COUNCIL OFTHE ECCLESIASTICAL PAR15H OF LANGDON HILLS STATEMENT OF FINANCIAL ACTIVITIE5 FOR THE YEAR ENDED 31 DECEMBER 2023 Unre5trlcted funds 2023 ft25trltled funds 2023 Endowment funds Total funds 2025 Totul lunds 2022 ote Income and endowmentsfr47m'. Donations and legacie5 Income from charitable aCti￿lieS Investtnpnl5 Olher income 76.054 714,960 5,223 13,044 76,054 ?14.Y60 9,724 13,044 63.129 674.453 4.501 Total Income 809.281 4,501 813,782 Expenditure on.. RaSslng funds Expenditure on charSEable acttwties Total expendltuye 3È4 810,367 384 6J 540 752,632 5A96 815 810,750 5.496 816 147 Gainsllosseson Investment asset5 13.812 119.7711 Net Inwmel lexpendlturel re50urce5 11,4691 19951 13,812 11.347 119,3341 Net rnovernent In funds 1.4691 19951 13,811 IL347 Reronclllutlon oAfvftd5 Total fund5 broughtfo￿a￿d 19 1282 867 55.415 150,175 1.48B457 1.507.791 Totalfufid5 carrled forward 1.281.398 54.420 ￿99 804 1,488,457 Page 12 THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF LANGDON HILLS BALANCE SHEET FOR THE YEAR ENDED 31 DECEMBER 2023 2023 2022 Note Fixed asset5 Tanglble assets Investments 13 1.220,000 163,987 1.383.987 1.220,000 150,175 1,370.175 14 Current assets Debtors 15 2,466 125.694 128.160 112,J4.11 4,034 245,216 249.250 Cash in bank and hand Creditors.. Amount falling due within one year Net current asset5 Total a55ets less current liabllltles 16 115.817 1.499,804 189.531 1,559,706 Piovisions for Ilabilities 18 171.2491 Net asset5 1.499,804 1,488,457 Charlty funds Endowment fund5 Restrlcted funds Unrestrl¢ted fund5: 19 163,987 54,420 150,175 55,415 19 19 1,161.397 120,000 1,162,867 120.000 Revaluation reserve Total unrestricted funds 19 1.281,397 1,282,867 Total funds 1,499,804 1,488,457 The financial statements were approved by the Trustees on and signed on their behalf by- Rerfd Jeremy Nole5, Rector Debbie Porter, Acting Treasurer Paee 13 THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF LANGDON HILLS CASHFLOW STATEMENT FOR THE YEAR ENOED 31 DECEMBER 2023 2023 2022 Note Cash flows from operatlnE actlvllles Cash generated from operations See below 1111,2871 5.574 Net Cash provlded by (used Inl operating activities 1111,2871 5.574 Cash flow5 from investing activitle5 Purchase of intangible fixed assets Purchase of tangible fixed assets interest recelved 6,784 Nèt Cash provlded by (used inl invest5ng activities 1111,2871 12,358 Change In cash and cash equivalents in the reportlng perlod Cash and cash equivalents at the beglnnnlng of the reportlng perlod 245,216 232,858 Cash and cash equlvalents at the end of the reportlng perlod 133.931 245,216 Reconciliatlon of new movement In fund5 to net cash flow opèratlng adivltles 2023 2022 Net expenditure for the year las pei Statement of financial activities Adjustments foT'. Dividend. interest and rents from investments Ilncre35el/oecrease in debtors IDecreasel/lncrease in creditor5 IDecreasel/increase in Provlsions 11,347.28 119,334.171 15,577.oni 1,568.15 117,376.001 71,249.00 12.987.28 11,C?20 401 49,541.00 36,000.00 Net cash used In operating attlvltles 111287 5,574 Page 14 THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF LANGDON HILLS NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023 l. Arcounting pollcles 1.1 Ba51s of p¥eparatlon of flTran¢lal statement5 The financ¢al staiomÈnts have been prepèred under the historical cost conventlon with iiÈms reco8nised ai cost or transaction valuÈ unles5 Otherwise statÈd itk the relev£t)t notes to the accounts. The flnartdal Siatements have been prepared in accord4nce wlth thtr Staletnent ol Recommended Przctice.. Accountlng and Reporting by Charities preparii)e thÈlr atcounts in JccordaThie wlth the Financial Reporting Staftdard applicable in the UK ar¢d Republlc of Ireland IFRS 1021 issued J January 2019 Financial Reporting Standard 8pplic3ble in the United Kingdom and RÈpubllc of Ireland IFRS 1021 and Charlties Act 2011. The Parochlal Ch￿th Council of the Etcle51aStical Parish of Langdon Hills constitutes a public benefit entity as deflned by FR 102. l.Z Intomè All Income Is rÈcognised On￿ the charlty has entitlementto the income, It Is probable that ihe income wlll be retelved and the alr￿unt of income recelvable tan be mea5ufed rellJblv For legacies, entitlement is t>ken a5 the earller of the date on which elther.. the charlty Is aware that probate has been granted, the estate has been linali5ed and notification has been made by the executo*lsl to the Trust that a di5tribLStio# wlll be made. or when a distribution is rÉcÈlved from the estate. Receipt of 3 legacy, in whole or in part. is only consldered probablewhen the amountian be tneasured reliably and the charlty has been notifled of the executorlsl Intention to make tontribution. Where le8aC4e5 have been notifledto the charltvi or the £harity is aware of the granting of probate, and the criteria for income recognition have not been met. then the IE8)Cy 15 treated as a contlngent assei and di5c105ed if matertal. DortatÈd services or facilities are reco8ni5ed when the charity has control over the itern, any conditlonsa550Cfated with the don8ted Item have been met. the ieceipl of economlc beneflt from the use of the char5ty ol thE Item Is probable and that economic benefk can be tDEasured reliably. In a£cordattcÈ with the Charities SORP IFRS 1021. thE general volunteertlme of the Frlends Is not re[0￿15edand refer tothe Trust*es' Report for more InlomiaEirin about theii coTrtribution OrTr receipt, donated professlonal services and donated facilities are reco8nised on the basls of the value of the gift to the charitywhl£h Is the amount the charitywould have been willingto pay to obtain servlces or latllitle50f equivalent economlc beTrefii on rhe open mgrket,. ? correspondingamount 15 then recognised expendlture In the period of receipt. In¢ome tax recoverable in relation to doTratioTh recelved unrfÈr GiftAid or deeds of covenant is recognlsed at the tirne ofthe donation. Inc¢me tax15 iecoverable in relatlon to InvÈstment income in reco8nlsed at thelime the Investment Income is recelvable Page 15 THE PAROCHIAL CHURCH COUNCIt OF THE ECCLE51ASTICAL PARISH OF LANGDOhl HILLS NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023 l. AttouThti#g policieslcontlnuedl 1.3 Expendlture E￿peNdIture is recognised ontr there is a legal or construrtive obligation to tran5Fer economic beneflt to è third party, it is probable that a Iransfer of economlc beneflts wlll be required in settlement and the èmount of the obligation can be measured reliably. Expenditure l& das5ified by actiwty. The costs of each activiiyare made up of the total of direct c¢)st5 and shared costs, Intludin8 SUPPQrt cost5 iThvolved in undertakine each attlvity. Dirett costs attributable to a slngle actlvity ale allocated directly to th4t activity. Shared costs which contributefo morè than one actlvlty ènd support costs which are not attributable to 8 Single activity are apporiioned betwoen those aclivities OTh a bzsis conslstent wth the use of resource Central staff (￿tS are allocated on the basis of time spent, and depreciation charges allocated on the portion ol the asset's use. Support tosts are those costs incurred directly In support of expendlture on the objects of the tharlty and include project tnanaBement Ca￿led out al Headquarters. GovemancÈ £osts aTÈ those incurred In connectlon with admilli5tration of the rharity and compllance with coTrstitutlonal and statutory rÈquI￿ments. Costsof generatln8 funds are costs In¢urred in atlractingvolunlary Income. and those Incur*Éd In trading actlvltlesthat raise funds. Charltabl* actlvltle5 and Governance costs are cost incurred on the chBrliy'5 educatlDnal opÈratÉons. includlng support CQ5t5 and costs relating to the governance of the charity apportloned to charitable activities. Granti payable are charges in the year when the offer Is made Except in those cases Whe￿ the offer is cOnd￿lO￿al, such grants being Tecognised as expenditure where the tonditlons altaching 3re fuif¢lled. Grants offered subject to conditions which have not been met at the year end are noted as a tornmllrnent, but not accrued as eKpendltu¥e. 1.4 Tatsglble flxEd asset5 arKI depreclatlon A revlew for Impèlrment of a flxed a55et 15 carried out If evp.nts or changes *n circumstances Indlcate that the carrylng value of fixed a55et May not be recaverable. ShortfaSls between the carrylng value of fixed assets and theiy recoveiable amount5 are recognised a5 irnpairtnents. Itnpalrment losses are recognlsed in the Statementof Finandal Actlvlties. T8ngible Ilxed assets are cèrrled 8t cost or valuation, net of depreciation and any p*ov151Dn for imp3imient. Depreciatiot) is not tharged on freÈhold13nd. Depreciation is provided at rates calculated to wrlte Dff the c05t OT valuation of fixed assets. lÈss their estimated rÈ5idual value, over their expected useful Ilves on the followin8 basi5'. Freeholdproperty - No deprecitstlor. 1,5 Revalu#tion of ts￿[ble fixed a$¥¢ts The charity ha5 adopted the revaluation model to revalue Items of property. plant aTrd equipment whose fair valtse can be measured rell8bly. The revaluatlons shall be made wllh suff5cient regulafity to ensure that the carrying amount does not dlffer materlallyfromthat whlch would be detertninpd u51ngfairvalue al the end of the reportlng pèriod. The fair value of 13nd and buildinB5 IS U5vally deterrnlned from market-based evldÈnce by appraisal that is normally undertaken by professionally Qualified vèluers. The lair value DI itetn5 of plant and rn3chlnery 15 usually their market V41ue determined by appraisal. Revaluation Ealn5 and105SE53re re£ogp15ed In olher comprehensive income and accumulated In equlty. Page 16 THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASMCAL PARISH OF LANGDON HILLS NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023 l. A¢countlng polkres (Continued) 1.6 Investments FlxÈd asset investment5 are a form of flnanclal Instrument and are inltially recoghised at their transaction cost and subsequently measured 41 fa￿r value at the Balance Sheet date, unless fair valve cannot be [neasu￿d reliably in which case It Is measure at Cost less Impairment. Investment5 Ealns and losses. whether realiserl or unrealised, are combined and shown in the heading'Gain511I05sesl on investment< in the Statement of financlal Activities. 1.7 Interest Re￿[V4ble InteTest on funds held on deposit Is Sncluded when ieceivable and the amount can be measured rellabl¥ by the ¢harlty,' thls is normalty upon nolilltation of the Interest pald or payable by the Bank. 1.8 Debtors Trade and other debtors are recognÈsed at the settlement amount after any trade diKount offered. Prepayments are valued at the amount prepaid net of 3nytrade discounts due. 1.9 Cash at Bank and In Hand Cash at bank and in hand tncludes cash ènd short term highly liquid Investvnents with 3 Short matu¥ity of three months or less from the date of acquisiiion or opening of the deposit or simtrlar attount. 1.10 ilabllltles and provlslons Liabilitles are reco8n15ed when there is an obligatlon at tho Balanee Sheet date as a result of a past event. tt is probable that a transfer of economic benefit will be ￿qUired in settlement. and the amount of rhe settlement ean be estimatEd rellably. Liabilitie5 are recognlsed at the amount that ihe charity antictpate5 It will pay to settle the debt or the amount It has received as advanced paymellts lor the Bood or services it must provide. Provisions are measured al the best e5tlmated of the amounts required to settle the obligèiion. Whefe the effect of thÈ tSme value of money Is material, the provlsltsn Is based on the present value of those amounts, dlscounted at the pre-tax discount rate that reflects the rlsks specific to the liability- The unwlndinE of the dlsctsunt 15 recoBni5ed within interest payablÈ and simÈlar charge5. 1.11 Financlal Instruments The charily only has financial a55et5 and financial liabilities of a klnd that qualify as basic financial instNments. Basic flnancial in5trument5 are inltially recognised at transaciion value and subsequently measured at thelr settlement vBlue wlth the exceptron otbank loan5 which are subsequently measured at amortised cost using the elfective interest methtscs. 1.12 Penslons The charity operate5 a deflThÈd contributiov pension scheme and the pension charge represenis the amounts payable by the chailty to the fund in respect of the year. 1.13 Fund A¢¢ountlng General funds are unrestricted funds which are avallable for use at the &1scretion of the Trustees In furtheran￿ of the general objectives of the charliy and whith have r￿t been deslgnated for other purp05e5. Designated funds compromlse unrestii¢ted funds that have been set aslde by the Trustees for particular purposes. The aim and use of each designated lund is set out in the notes to the flnancial statements. Restricted funds are funds whl¢h are to be used accordance with specific restrlctlons Imposed by dono¥s or whlch have been raised by the charity for particular purposes. The costs of raSsin8 and admlnisteTing such funds are charged agalnst the speclfic fund. The aim and use of each resirlcied ftsnd 15 Set out in the notes to the flnanclal statements. Investment income, gains and los￿$ are allocated to the appropriate fund. Page 17 THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF LANGtYON HILLS NOTES TO THE FINANCIAL STATEMENTS FOR THEYEAR ENDED31 DECEM8ER 2023 Incometrom donatlons and l¢gade5 Unrestricted funds 2023 Restikt¢d funds 2023 Endowment fund5 2023 Total funds 2023 Donallon5 76,054 76.054 Totu12022 63.129 63,129 Income f¥om charliablÈ *rtlvltSes Unrestrlcted funds 2023 Restilrted fvnds 2023 Endowrnent funds 2013 Total funds IOZ3 Childcare Hall hlie Weddinglee5 etc 678,610 34,985 678,61CI 34,985 1.365 714.960 714,960 Toto12022 674,453 674.453 Investment In¢ome Unrestrlrted funds 2023 Resirlcted lund5 2023 Endowment fund$ 2023 Totsl fund5 Z023 listed Inve5ttnent Investment Ineorne- cash 18,313 18,31a 5,223 5,223 5,223 IB,313 23.536 Toto12022 1302 other In¢tyhe UnrE5trlcted fund5 Z023 Restrlcted tunds 2023 Endowment funds 2023 Total funds 2023 Furlough income Raising funds Other inu>me 13.044 13.044 13,044 11044 Toto12022 8,702 Page 18 THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF LANGDON HILLS NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023 6. Analysi5 of expenditu￿ on tharitable a¢ilvltles Unrestrlcted funds 2023 Restricte fund5 2023 Endowment fund5 2023 Total funds 2023 Total fvnds 2022 Childtare Hall hire Mi5SIO Fund Ralsing Church 587.374 11,036 290 384 211,668 5.496 592,870 11,036 290 384 211.668 542,231 7,469 2.150 540 200 242 810.751 5.496 816,247 7S2,632 roto12022 711.917 711.917 711,917 7. Dlrect costs Total 2023 Total 2022 Chlldcare Hall Hire Church Running expenses Mairstenance Equipment Othercosts P3ri5h shares Clergy pxpenses othe¥ cSergy expenses Service expenses Alpha expenses Adult groups expenses Youth and ¢hlldren 8roup expenses Publicity costs Childcare repayment provtsion Wages and salaries N3tional insuraF)ce Pen510n costs IB.687 9,632 1,404 31,455 22,325 1,286 59,774 23.729 2,758 35.811 76.640 832 200 945 482 2,129 793 41.121 19,792 6,704 26,732 82,023 1,325 loo 951 1.472 35,811 76,640 832 200 945 482 2,129 793 1,552 134 498.525 25,695 12,680 56,064 649 554,589 26.344 12,680 518,278 2Z,006 592.870 11,036 193,8(K) 797.705 732,238 Totu12022 538,267 5,508 142.459 686,234 686,234 8. Support costs Total 2023 Total 2022 Chlldcare Hall Hire Church Telephone Postage, printing & stationary Bank charges Staff expeTr5es Computer expen5e5 Governance costs exarnination/audltfee 2.942 2,812 1,682 561 2.588 3,620 5.770 1,457 3.503 5.400 1,682 3,681 1,030 348 1,030 3.721 4,029 3.090 1,030 12,147 1,030 4,527 17,868 17.704 Toto12022 12.147 4,527 17,704 Page 19 THE PAROCHIAL CHURCH COUNCIL OF THE ECCIE51ASTICAL PAR15H OF LANGDON HILLS NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023 Analysis of Brant expendlture Total ZDZ3 Total 2022 Grants to Insttrtutlons- Mlsslon 290 2,150 2022 2022 GraAt- Home mssslons and other churth causes St Luke5 hoSPFce IBasildDnl Basildon communily resources centre Schools team mlnistrv UCB Europe Various small charlties 300 375 450 200 375 40 200 50 Grant- Ov*rsÈas mlssronary Oiocese of 50Uth west laniania FrSends of the poor Childrens joy 450 Total 290 2.150 Trustee expendituré During the year l Trustee recelved reimbursements af expenses amounting to £81212022: Trustees- £6591. 11. Independent examlner's remuneration The Independent examiner's remuneration amounts to an Independent Examination fee of £3,45612022.. £3,3001. 12. Staff costs Staff costs were as follows.. Wa8Ès and salaries Social 5ecuYity costs Othèr pènslon costs SS4,589 26.344 12.680 518,278 22.006 11,520 593.613 551,804 The average number of persons employed by the charity during the year was a5 follows: No. No. General Church Childcare Mlnlsterial 5.00 40.00 40 45 No employee received remuneratlon amounting to more than £60,000 In either year. Page 20 THE PAROCHIALCHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF IANGDON HILLS NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023 13. Tanglble flxed assets Freehold Propertv Cost or valuation At l January 2021 and 31 December 2023 1.220,000 Depreciation At l January 2021 and 31 Deterhber 2023 Not bovkvalue At 31 December 2023 1,220,000 At 31 December2022 1,220,000 The ffeehold land and buildings include the Mission Hall, known as St Marfs Church Hall. In November 2006 the PCC decided, on advice from the external auditor, to revalue the hall, and no longer apply depreciation. The value of the hall was reassessed by Hilbery Chaplin on 21 January 2007 at £200,000. This has been reduced by 50% to refleet thal the terms of the initial gift significantly restrSct its use and disposal. The Trustees deem that the value is Stlll appropriate, given the restrictions on use and disposal of thls property. The extension and st John's Church was revalued ill December 2016 for insurance purposes to El,120,000. Cost or valuation at 31 December 2023 is as follows.. Land and bulldings At Cost I,ioo,000 At Valuation December 2016 120,000 1,220,OIJO f the13nd and buildings had not been included at valuation they would have been included under the historical cost convention as follows: 2023 2022 Cost Accumulated depreclation I,ioo,000 I,ioo,000 I,ioo,ooo I,ioo,000 Pase 21 THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF LANGDON HILLS NOTES TO THE FINANCIALSTATEMENTS FOA THE YEAR ENDED 31 DECEMBER 2023 14. Fixed asset Irwe51rnents L15ted Securities Market Value At l January 2023 Revaluations 150,175 13.812 163.9B7 At 31 Dècember 2023 Investments at marketvalue comprlse.. 2023 3022 L15ted Investments 163.987 150,175 All ihe li¥ed a$5et inve5tment5 a￿ held in the U 15. Debtors 2023 2022 Ot￿r Debtors 2,466 4.Q34 16. Credltors.. Amountsfalllng due wlthSn oneyear 2021 2022 7rade cieditors other creditor5 11,488 855 59,158 561 IZ.343 59.719 17. FSnanclal Instrumenis 2023 2022 Financial assets rnea5ured at amort15ed cost 4,034 Flnanci81 Ilabilities measured at amortlsed cos1 12.343 59,719 Flnanci31 assets measured at arnortlsed cost comprise amounts due from HMRC In respect of GiftAld claims. No Inteiest i< thèrqed or receivable on these £urrent flnancial assets Flnanclal Uabilities measured atamortised c05t comprise trade creditors and olher credltors. All financial liabilitie5 3iE tLSrrenL and no interest ischarged or pzyaNe on these balances. 18. Prtsvisitsn5 Pfovlslons rought forward Addith)nal provlslo Payments At l January 2022 and 31 Decern￿r 2023 71,249 Plovlslons Amount repayable to Essex county council Page 22 THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF LANGDON HILLS NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023 19. Statement of funds Statements of fund5- current year Balance at I January 2023 Transfer Galnl Balance at 31 December 2023 Income Expenditure Inlout (Losses) Designated funds Rendezvous Over 50s Dunhill Fund St Mary5 Church Fund St Marys Church Fund-STMH St Johns Churth Fund St Johns Church Fund- Childcare Men United Kingdom Investment Fund 533 1,556 18841 1,205 23,327 32.231 39,734 681,472 1,500 114,7151 117,7661 141,2301 1613,1041 11,2451 18,6131 114,4651 1,496 168,3G91 255 533 779,821 688.9431 190,206 1,204 General funds General funds Revaluation reserves Other general funds 1,162,334 120,000 29,460 1121,8081 90.206 1,160,191 120,000 1,282,334 29,460 1121,8081 90.206 1,280,191 Totsl unrestricted funds 1,282,866 809.281 810,752 1.281.395 Endowment funds Robinson Chijrchyard Langdon Hills Ecclesiastical Trust Cleaver TrL6St 3,896 140,356 5,923 358 12,897 557 4.254 153,253 6,480 150,175 13,813 163.987 Restrl¢ted fund5 Churchyard St Mary's Building St Mary's Fabric 2,416 671 52,328 117 2,533 671 51,217 5,496 55,416 4,501 15,4961 54.421 Total of funds 1,488.457 813,782 1816.248 13,813 1,499,804 Page 23 THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF LANGDON HILLS NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 310ECEMBER 2023 19. Statement of funds Icontinuedl statements of funds- Prior Year Balance at I January 2022 Transfer Gainl Balance at 31 December 2022 Income Expenditure Inlout (Losses) Deslgnated funds Rendezvous Over 505 Dunhill Fund St Marys Church Fund St Marys Church Fund- 5TMH St Johns Church Fund St Johns Church Fund- Childcare Home Development Fund Kingdom Investment Fund 1,215 802 11.4851 533 20,255 33,236 18,732 641,766 110,8061 113,8371 131,5301 1563,6441 19,4491 119,-4991 12,798 17¥,1221 101 101 1,215 714,791 1621,3021 194,1721 533 General funds General fund5 Revaluation reserves Other general funds 1.163,931 120,000 33,795 1129,5641 94.172 1,162,334 120,000 1,283,931 33,795 1129,5641 94,172 1,282.334 Total LFnre5tricted funds 1,285,148 748,586 1750,8651 1,282.866 Endowment funds Robinson Churchyard Langdon Hills Ecclesiastical Trust Cleaver Trust 4,409 158,824 6,713 15131 118,4681 17901 3,896 140,356 5,923 169,946 119,7711 150,175 Restricted funds Churchyard St Mary's Building St Mary's Fabric 1.241 671 50,785 1.175 2,416 671 52,328 3,308 1,765 52,697 4,483 1,765 55,416 Total of fund5 1,507,791 753,069 1752.6301 19,771 1,488,457 Pale 14 THE PAROCHIAL CHURCH COUNCIL OF THE ECCLE51ASTICAL PARISH OF LANGDON HILLS NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDÉD 310ECEMBER 2023 19. Statement of fund5 IcoTrtlnuedl The desi8nated funds comprlse- The Home Development Fund to hold 50% of the PTioryear surplus for futu￿ development within the parish. The remaining 50% of the prior year5urplus will be split between the follewlng fund5'. The PCC Fund which holds £5.OOOfrom rhe surplu5 each yearfor emerÉency 6lvln8 tD be declded by the PCC li.e. di￿Ster The Rectors Fund whSch holds El.000 frorn the surplus each yÈarforwhen emergency situatlons arlse ai the dlscretion of the clerÉy. The Kingdom Investment Fund tu hold 5D% of the balance for Investln8 in project5 that serve the Kingdom of God. Other Charllv Giwng Fund to hold 50% of the balan￿ for charitsble givinE uslnÈthe 8uldelines agreed on 11 May 2015. The endowmentlund5 comprlse.. The Cleaver Trust are from the wlll of Revd E.D Cleaver in 1895, provldin8a principal Sum of £30D, the incomefrom whlthls to be used for the repair and upkeep of St Marfs and All Saint5 Church. The capitsl is held in 287.66 incotnp share5. Chelmsford DBF acts a5 Custodian frustees. The Eci1È5iastical Charity arose from the sale of 3.7 acres of land in December 1964. the proceed5 of which were vested In the oiriciaS Custodian for Charity and then divested ta the ChelmsfeTd DBF as Custodian Trustees In October 1982. The capital isheld In 7.722.55 income Shares. The dlvidend5 from thi5 investment are for upkeep and repair of St Marfs and All Saints Old Church, and left overs eath year for general ecclesiastScal purposes. The Churchyard Funds, which is comprlsed largely of income from the Roblnson Chuichyard Charity. It comprises 214.37 Income shares in the CBF Inve5tmentfund. ThÈ restrlcted funds ¢omprlsÈ'. The St Mary's Fabric Fund whlch 15 for the malnten8nceof the fabric OS St Marvs church. The fund is larÈely comprised of trust nioffle derived Irom the Lanodon HS11s Eccle5ia5tical Charity lalso known as the Churchfield Ch4rityl and the Cleaver Trust. The St Mary's BulldinE Fund whiih 15foT Ihe maintenance of both the fabric and content5 of the pawlsh church.The fund Is compri.%ed of gSfts from members and frlends ol the ¢hur£h. Summary of funds- currentyear Balante at I January 2023 Transfer Galnl Balance at 31 December 2023 Income Expendlture Inlout ILossesl Designated funds General fund5 543 1,282,334 1.282,866 779,821 29,460 809.281 168B,tJ431 121808 1810,75ZI 190.?¢1fi1 90.206 1,204 1 280,191 1.281.39S Endowment funds Restricted funds 150,175 55,416 L488.457 13,813 163,987 54,421 1,499,804 5.496 816,248 13,813 Summary of fuThd$- prlor Balance at i January 2022 Transler Galnl Balance at31 December 20Z2 Income Expendlture Inlout IL055esl Oesisnated fvnds General funds 1.115 1.283,932 1,285,147 714.791 33,795 748.586 162J.3021 129,5G4 1750,8651 533 1,282,334 1,282,866 Endowment funds Restrlcted fijnds 169.946 52.697 1507,791 119.7711 150.175 55,416 1.4B8.457 4,483 753.069 1.765 752 630 19.771 Page 25 THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF LANGDON HILLS NOTES TO YHE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023 20. Analysls of net 8s$et5 between funds Analysis of net assets between funds- Current Yeai Unrestrlcted funds 2023 Resirirted fund5 1023 Endowment funds 2D23 Total fund5 Z023 Tanglble fixed assets Fixed a55et investments Current a55ets Creditors due within one yeai Provlsions for liabilities and char8ÈS 1,220.000 1.220.000 163.987 128,159 163,987 73.738 54.421 1,2BI.395 54,421 163 987 1,499.804 Analysls of net assets bÈtween funds- Prior Ye3r Unrestrlrted funds 2022 Re5trlcted funds 2022 Endowment funds 2022 Total funds Z022 Tangible flxed assÈt5 Fixed asset Investments Current assets Creditors due wlthin Dne year Provisions for Ilabilitie5 and charges 1,220.000 1.220.000 150.175 249.250 J'J,7191 150.175 193,834 55,416 71,2491 1,282,866 55.416 150.175 1 *188,457 Zl. Pension comrnltments The Charity operate5 a defined contrlbutlon penslon scherne. The assets of the scheme are held seperately frotn those of the charity in an independently admlnlstered fund. The pension cost ch3r8e represent5 contributlons payable by the charity to the fund and amounted to E16,94512022.. £15.3601. 21. Relateil partytfan5actlons Durlng the year a 5alaryof £32,69812022.. £30.1021 was pald to T Cobbin8 In her role a5 Chlldcare Manager. Duringtheyear pension contlbutions of £98112022: £6841 on behalf of T Cobbing. The remuneration of trustees in posltlons of ernployment wlthln the charity is not prohibited In the charity's governing document.