The Parochial Church Council (PCC) of the
Ecclesiastical Parish of St Mary The Virgin,
Woodbridge, Suffolk
Trustees, Annual Report and Financlal Statements
For Year endlng 31 December 2023
Regbtved Chartty n￿lI196T1
Table of Contents
Page
Truste& Annual Report for the year endln8 31 Dttember 2023..............:............................
Statement of Flnanelal Actfvltles.................................................................................... ........
Balance Sheet.............-... .. ........................................ ................................................... .....io
Notes to the Flnanclal Ststements for the year ended 31 Decembetr 2023..........................11
Independent Emaminerfs Report................ ............. ................-......... ......................,..........21

PCC OF ST MARYS WOODBRIDGE
Trustees, Annual Report for the year ending 31 December 2023
Structure, Governance and Management
The PCC operate5 wittwn the Diocese of St Edmundsbury and Ipswich (Churth of England Suffolk)
and has the prlmary responsibility of co-operating with the Rector in promoting the ecclesiastical
parlsh and the whole mlsslon of the Church, pastoral, evangellstlc, soclal and ecumenlcal. It Is
govemed under the powers of the PaTO(hlal Church Council (Powers) Measure (1956) as amended
nd Church Representatlon Rules (CRR). It ts a reglstered d￿rIty and, as chatltsble trustees, the
members of the PCC bearcollertive responsibilty. All the provisions of charity law apply to the PCC'S
responsibllities including financlal management and the malntenance of thurch propertles and other
assets and decision.making.
In accordance wlth the CRR, the PCC has a Standing Comrnittee (the Commlttee). The Comrnlttee has
power5 to carry out the business of the PCC subjert to any direction of the PCC It carrtes out any
routlne work of the PCC between meetings and deals with matters of urgency.
Oblectlves and Actlvltles
The prlmary goal of the PCC Is the promotion of the Gospel of Our Lord Jesus Chrlst accordlng to the
doctrfnes and practlces of the ChLtrch of England. The main object(ves are to:
Develop collertlve worship in the comrninlty.
Develop strong Ilnks in the v¥ider community.
Malntain the church properties

Membershlp of the Parochlal Church Council
The followlng served a5 Members of SL Marfs PCC durhg 2023.
Chatr
The Revwend Nigel PriL
Vlce Chalr
Mrstephen Cde,
missVero￿ca Howe,
Mr Davld Sharples,
Thrw the Dlocesan S)fflod (ExQllWo)
Mr5 Penny Blrd
Deanery S>Trod Reprtsffitstlves {untll 2026)
Mrsmary Hare (reslgned)
Ms Rtta James
Ms Patricla Ford
Churthes Togeth•r In W•othTld8e and Melton
Mr Stephen Cole
Mr$ 8arbarn Stear
HonoraryTreasur•r
Mr Phfllp P(ySe'(to Novembu)
Mrs Annle Lhes, (frL¥n November)
Honorarysecretsry
Mrs Catherfne Eaden, (from May)
Mr Davld 8errld8e
Mr Slmon Morrfs
Elerted Lay Members
To x016
Mlchelle Bullard
Mr Stephen Cole
Mrs Margaret Davldson
Mrjererny Hawksley
Mr phlllp Poole
Mrs Janlce Povlson (re51gned)
Mrs Barbara Stear
T02027
Ms KathatheTumer
To zoJ8
Mrs Catherfne Eaden (from May)
Mr5 Annie Lthes (from November)
The PCC Is assisted by a large number of volunteer5 who give thelr tlme to supportthe work of the
pcc.
' Members ofthe PCC'sStanding Cornmirtee

Membershlp of the PCC 15 determined under the Churth Representstion Rules (CRR)and consists of
certain ex-officlo members.The members a￿the Churthwardens andthreemembersof the Deanery
Synod plu5 members of the church who are elected at the Annual Parochial Churth Medng (APCM).
Members are warmly encolfdged to stand for electlon to the PCC and a balance of 5kllls and
experlen(e Is sought where possible.
Athlevements & Pertornwice
Ourchurch welcomeslamiliesfrom within aswell a5 outside of the Parishboundarfe& Vlsttors attend
by personal choice and It ts our great pleasure to welcome people from all walks of Ilfe to take part
In the lffe of the Church. The average weekly attendance, counted durln8 October, was 114 (2022:
117) but thls number Increased at all tesdvals and other seThkes held for weddlngs. funerals and
memorlal
Electoral Roll
There were 216 people on the Electoral Roll at the APCM In May 2023 (196 In May 2022).
Revlew of the Year
St. Mary's has once agaln been blessed throughout the year by the support of a great many people
who give thelr time, skills and untailing energy to all the activltles of the churth every slngle day of
the year.
A highlight of the ye'ar was the coronatlon of Charles 111. A vlgll prayer servlce was held for the new
Klng on the night before the coronation and our wonderful bellringers made the bells rlng out across
Woodbridge before the 'big screen, live coverage In the church on the day of the Coronation itself.
Our'RoyAI Calé, se]ved prosecco and high*nd sandwiches" It was very popular and the day ended
wlth a free concert of Sprlng Songs by Illuminati in the church.
Through the year, St. Mary's supported The Children's Society• UNICEF, Kagera and Chrfstian Aid.
Donètlons in kind from the Toy Service, also went to the SLrffolk Refugee Association and Home
stsrt. Thanks to a £2,000 grant awarded to St. Mary's by the late Councillor Caroline Page (who died
in July 2023) St. Mary's wa5 able to participate in the Wann Room, prolect in the early winter months
of 2023. Thanks are due to Veronica Howe and other volunteers, who ran this on several Thursdays.
The post of choir director remained vacant. Sarah Dodds, our organist, worked tirelesslytr continuing
to lead the choir and to keep the musical life of both churches vibrant in the absence of a Director of
Music.

Following her hard work leadlng to our receiving the Eco Churth Bronze Award in 2022, Rita James,
wlth other5, focused herssghts on'sltvee, encouraOng us always to malntaln high stsndards and be
ambltlous In our aims.
Sue Todd retired as Church Shop Manager and we are all greatly indebted to her for her leadership
and creativlty. A small management team was formed to succeed her and the Shop ha5 remalned
open every day throughout the yearas a result of thelrtrernendous hard work and the dedication of
all the volunteers who staff the shop.
Owing to the commttmert of a small, but dedlcated, group of volunteer stewards, the church
buildln& which is open every dayj ￿$ able, from May to SepteTnber, to offer a friendly• but
unobtruslvei presence to any vFsltorsfrom 10.30-12.30 or 2.00-400. Each volunteer dld at least one
5hifta month.
We rnade some diffycult declslons durfng the year to stop dofng some thlngs. After three years and
thlrteen Issues of our parish magazlne 'lnslde Out., It was deoded that the December 'Chri5trnas'
edition should be the last We have also stopped the routlne and weekly live streamlng of Sunday
seTvlce5. This wa5 unwelcome news to those for whom getting to church can be difficult, but It was
agreed to make the charsge at the end of September. Part of the ratlonale was the weekly Ilfe-
streamlng was a legacy of the pandemlc and to encourdge u5 all to be present In the church bulldlng.
We stlll have the Ilve-streamlng equlpment and It remalns available for speclal occa51ons, such as
weddlngs and funerals. During the year, In addltfon to the Coronation, we also lfve streamed the
ParSsh Eucharist for Sunday 2 July, Feast of Trle when our preacher vns Cano'n Philip Banks
Precentor at the Cathedral. Enonnous thanks go to Rlta James.
The PCC met monthly w5th only a break for December. This ha5 been necessary to stay on top ol the
workload. A threfrphased development proposal was developed durfng the course of the year
relatlng to.. (1) the conservation, repair and refurblshment of St. Mary's House; (2) the enhancernent
of the facllftle5 In the church bulldin& and (3) enhanclng the access to and blodfversity of the
churchyard and its natural habltaL
The work assodated wfth the conservatlon of SL Mary's House has taken up a great deal of tlrne and
the PCC has worked hard durlng the year to review plan5, commission essentlal survey5, appolnt
quantity surveyor and revise plan5 in the Ilght of feedback received from the preparatory work and
Cost estlmates. It took steps to ensure that the Benefice would be in a posltion to seek pre-planning
approval In 20¥ for the latest plans. St Marfs House plays a central role in sUPPOrting the church
building in Its mission by offerlng facllfties and a sanctuary for a wide range of activEtles - lunche5,
public consultations, yoga classe5, lelsure actNtties, meetlngs. the Ukralnlan Hub, parties,
bereavement counsellin& Popp￿5 Panty café, The Prince'5 Trust (Inspke Suffolk), birthday partles,
Girlguiding, receptions1 private meetlngsj etcThe Church Shop 15 there, as Is our Benefice Office. The
poor state of repair of the building worsens wlth every yearthat passes and It Is not easlly accessible
to everyone. The work on the refurbishment of St." Mary's House and the enhancement of Improved
facilities in the churth bulldlng Itself has been a key part of the PCC'S work during the years and wlll
continue trj be so in 202*

Progress has been slow on the work on the gates and piers at the top of Church Street because the
slte Is difficult and the restrfctlons numerous. We hope to obtain planning consent in 2024 and for
the work to carried out.
Jeremy Hawksley has been very active in the role as our leader for safeguarding and he has worked
hard to ensure that more than two thirds of all the volunteers at SL Mary's have done their 'Basic
Awarene55' training. Simon Morris has also been very active in his workwith the Quinquennial review
of works and we are very grateful to him for his diligence arKI expertise. The Benefice has been ably
a5SlSted by Darren Darby who tskesresponsibillty forthe day-to daymaintenance of St. Marfs House
and the church bulldlng Itself.
There is no doubt that SL Mary's will have another'busy year in 2024. Our plans include:
The conservatlon and refurblshrnent of St. Marfs House.
The re-ordering of St. Mary's Church.
The comrnencement of the Quinquennial works.
Fundraising for the refurbishment of SL Mary's House.
Consolldatlng our shared envlronmental priorities, including ourworking towards a sllver
Eco Church award and developing the churchyard, the herltage trall and the biodiversity
zones.
Financial Review
l am pleased to report that the overall flnandal outcome for St Mary's, Woodbrldge for the year
ended 31 December 2023 was sound.
Before addressing the key elements of the accounts, Induded are a couple of 'technical remarks to
ald the understanding of their presentation.
As In 2022, the accounts In thls report are set out on three dlfferent bases: unrestr5cted or general
funds, which can be used for any purpose; re5tncted funds that can only be US￿ for speclftcally
deflned purposes and designated funds that are technlcally unrestrlcted but have been de51gnated
by the PCC for spedfic purposes. the most Important of whlch relate5 to the projert to refurbish St
Mary's House.
Only actI￿tIeS and funds that the PCC is legally ￿pOnsIble for are Included so, for example, they do
not Include affillated funds such as those of the bellringers or the flower fund (see note 12 for a list
of funds that are included). The statement of Flnandal Actlvttles, whkh forms the first page of these
accounts, Is a summary of the fvll picture and sums up to a net movement in fund5 acr055 all the
fvnds and actlvltles for whlch the PCC Is responslble. The detailed breakdowns of expendlture and
income are set out In notes 3 and 2.
Income
On the Income slde, voluntary income. excluding legaaes, whith is the most important category In
temis of contributlon. was higherin 2023 at £119,657 compared to £108.774forthe previou5 financial
year. Thi5 wa5 mainly because of a generous donatton from the Friend5 of St Marfs for the Organ
Fund, to èssIst In renovatfon of the swell front. There is a breakdown of the various categories of
Income in note2. There were no new legaaes In 2023.

The good news on the Income slde Is thatfund generatlng artlvftles (for ey(ample, concerts and other
events) were up In 2023 comlng In at £11,619 compared to £8,029 In 2022, as was the income from
actlvltles, Including the hire of the church and church hall. Income from investments was significantly
Increased from £3.055 in 2022 to £231649 in 2023 due to general increases in interest rates over the
year.
The PCC rernain5 acutely aware of the problem facing aFI churches. as deTnaT7ds.on hou52hold
budgets increase * a tlme when congregations themselves are dlmini5hing in number and the
expenses of running our Benefice only Increase.
Expendlture
Expendlture Items are set out In detall In note 3.
Overall levels are broadly constant, but It should be noted that fu￿lS expended on deslgnated and
restrfrted funds have been collected In this and prior perfods.
The PCC is aware o* the inflationary pre55ure5 on expendrture. Ga5 and electriclty contracts are due
for re￿egotIatIOn In"2024 and the post of Choir Dire(tor has now been filled.
Overnll Posftlon
Putting Income and expendlture (ategorles together. there was an excess of expenditure over
Income acr055 all categorfes (unrestrfcted. designated. and restrkted and Includlng Investment
revaluatlon) of £141147 (2022 £18,469)
Reserves
It Is the pollcy of the PCC to Tyialntain a balance on unrestrlcted funds to cover any unexpected
expendlture that might artse. At the end of the year, the balance of free reserves Is consldered
adequate to malntain thls.policy.
The trustees do not belleve there to be materfal uncertalntles aboutthe charlty's ablllty to continue.
Rlsk Management
The PCC examlnes malor rfsks that the Benefice faces each" year durfng fts normal buslness and
establlshes pollcles where approprfate.
Publlc Benefit
The Trustees have complied wlth the duty in section 4 of the 2006 Charftles Act to have due regard
to guldance published bythe Charities Commission on public benefft.
Condudlng Remarks
In conclusion, the full year outturn OD the general account rémalns In decent shape wlth total funds
cathed forward of £883,821 (2022 £897,968).
The PCC recognises that the challenge relnains to create a more predictsble flow of Income that will
enable us to budget against expenditure and continue to balance our books on a d3y.tO-day basis.
Fund raising will be central to the PCC'S work over the next few months and year5 and ￿11 be
e55entlal Ff we are.to fuFfil our oblertives and dlscharge ourresponsibilities as Trustees.

The Treasurer and the PCC would like to thank Michael Holland for his help in the production of these
accounts. We would also like to thank the Parish Secretaryi knnda Rumbold, and Hannah Paulyj who
have a5515ted with the day-todiy bookkeepingforthe Chur
Submrtted by: Annle Lines PCC Treasurer

PCC OF ST MARY'S. WOODBRIDGE
Statement of Financial Activities
.For the year ended 31 December 2023
l Urnmrfrted .
GeneThl
rotsi Fundj
Fuhd
Funds
2023
Notes
IfrICO￿AND ÈNDtYWMENTS
Volunt•rylncome
letacles
15512
.119,657
I￿,774
Fundra￿, ronEert54ndvKnts
IL619
Ik619
I029
£hwd¥ 1rtfft1•sllr¢fudlnith)p}
al550
Imcome from I￿￿$1M•￿$
1.195
21J96
23￿97
3,055
Oth¥ r*t¢lpts
239
2.701
2.942
693
Tot•1 E•l¢releg4d
21J
194757
iioi
Ltq4des-iener•l
31,0
Ltyadqs-d•sly•tedfvnd
4,631
TOTAL INCOME
19m3
19J.757 1
187,791
EXPE*ffjmJR
Church •ctMtl*s 1kn¢l￿1￿1￿}
85.618
19.172
st M•rfs.House projett
010¢e￿rIplrfStt Sh
6V5J ".
M•￿rChUrCh rewlrs
TOTAL EKPENomJRE
NET INCOMÉjIDEFicm OEFORE
IrivTsfMENf GAIN5
Galnluossl on rnvaluètlon ol
Investhents
150.111
19J71
2MJ3Z
2.807
117J831"
I14￿75)
P7MS51
128
J2B
16141
TrO￿terbe1wEen fv*
125
25WI
NET MOVEMEHfiii FUND5
7.717
329
I￿.1*7)
Toial fundsbrovthlorward.
143,817
651JA)4
11)3.147
897.968 .
916.437
Tot•llunth c•Yrttdf•rw*rd
12L614
64ni
IOW6
Thr rkits5tothe FIr￿n(l4*atern￿15 fryffl partofthWar￿
Therewere n0m0￿ments"0nthe ÉndovKd FundSdwth¥the￿rT￿I￿¢hTrlTrl￿¥tE3l4

PCC OF ST MARY'S, WOODBRIDGE
Balance Sheet
As at 31 December 2023
Total F￿d$
2023
Totsl FuDds I
2022
Notes
Land and bulldlngs (St Marfswousel
Church pfjano
Church equipment
314.Y3
21,i•Jo I
1.455
34998
5.120
314,sq31
7327
342.870
4,692
InvEstrrients- restrkted fund
TOTAL FIXED ASSETS
341118
a47￿62
Stock
5,035
30,539
Debrors and prewyrnentS
Ley£les due at Air Ind
Cash at bank ind.ln h•nd (Inch￿Th8 £83.5fy) th¢r mreth•N i vurt
i1.￿0
io
io
834,366
821,168 i
TOTJLCURRENT PSSETS
869.940
867,918 j
Credltors.. thtsuhts faibn8 due WthlD oneyt4r
113.6941
12,9691
li
NET aiRAEvr
855246 1
864.949 ',
TOTAL ASSM LESS CURAENYLIABILITIES
1.198.361
1212.511
PARISH FU14DS
Vnr•strkted 8enefal lur
121.624
J43.817
12
Urwestrtthd d•slarMtedlur
658.721
.651004
12
Resirlrted funds
103,476 |
863.821
103.147
12
897,968
Endowmentfunds
314.543
J14.543
TQTAL PAJIISH FI￿D5
Li￿3641
1212Jll
The notes to the Flnandol Staternents forni partolthese accounts.
Approved ￿the Parothkl Church Councnoo 16IW2024And signÈd•D ￿ beh•llby the Reverend Nl8el Prfor, PCCChalrman. and
Davl
Sharples asth rchwarderk
Reverend ￿1ge1 Prfof. PCC Chalrrnan
OavldSharyAe& ¢knhwarden
io

PCC OF ST MARY'S WOODBRIDGE
Notes to the Financial Statements for the year ended 31 December 2023
l Accountlng policies
1.1 Basls of prepèr4tlon
The PCC is a publlc benefft entlty wlthSn the me•hSn¥of FRS102. The IlnarKS•1 rt4tements h•ve beEnprepared underthe
Charlt5e5 Act 2011 and In zccordance wlth the Church AttountMI8 Re8ulations 2Q16 Éovemlryl the IndlvbduBI accounts of
PCC5, and whh the Regulatlonrf-true and falrf prtyi5ion4 twher FRS 102 IZ0161 as th• applKable accountln8
stsndard5 and the12019) verslon ot thestatwentof Retommended Practke. Account]nB •nd Reportlng ty Ch•rlUes ISORP
IFRS 10211.
The flnanclal staternents have been prepared underth¢ hlstorlc41 c05tcon¥errtlon as Nwjdffied by the Incluslon of
Investments •t market Y•lue. The Wnancbal statemerts Include all transa¢tlons, assets •nd liabllhSesfor*•thl¢h the PCC Is
fesponslble In law. They do not Include the accounts ofthuf¢h Aroiiw thètLwR thelr affilla￿ON to 4rotkr body, northose
whlth ar• Inlopmal ythedny of Church membe
1.2 Crftlcal Kcountlry estlmates indJudKements
ln th• applltztlon ofthe ch•rltysacwuntJng polldes, are requked to makelud8•m•nts.
t511mates as5umptlon5 about the uryjry amount of assetsand Ilabllllles th•t I￿ not re•dfv apparent from oth•r
Jcurces. The estlmates •nd assod•ted •ssummions bas¢d on htslortul e¥perlen¢e and ¢jtherfartO￿ th•t Ire
coNld•red tr* be relev•nt. Aclu•l rtsvfts m•ydlffer fr0Mthe5e￿rml•K
The estlmales and undertyln£ •WJmp￿OThs •r* re¥lewed on ow>lni b•s15. Relslons to ar￿￿ntIng estlm•tes arè
rt¢O8nlsed ITr the perlod In whlch ihtestlmtt¢ b rthlsed wherethe re￿10￿ •ffects an￿1th￿t perlod. ¢rln the ptrlod of th•
r•vlslon and fvture p•rtods wher*thè rvA51on affects knth ¢urrnni arbd I￿Ure perlod5
l.J Funds *ccountl
UnY•strfrt•dlur4
These represent the rem•lnln8 In￿e fvnds of ihe Pccthèt ore avaNabtefor spendlngon the 8enernl purF•ses ofth• PCG
Indudln8 amounts deslinated bythe PCCforsptndkn8 on • fvtwe projett •nd ¥thkh not I￿luded In stsYre•.reserve
as dls¢losed In the trustee￿ reporL
These are Income fund5 that must be spent ￿ restrlrted pulpa￿and dttaV4ofthe fuAd5 held Ind T•Strk￿ prO￿ded
are shown In the notestothe accounts.
Endovmivrtfundi
These are restrlcted fvnds that rnust b• rntslned astwst capiial e￿htr perInar￿tty ￿$￿ble£1 toa dlscretlonary power to
spend capitsl a5 Income, and *there the olany Incom? or(ther benefft dorw from thetapltèl rnaybe restrlcted and
unrestrfcted.
. 1.4 Incomlng resources
Incomlng resources are recognssed in thefinanaal statemeftts whenthe PCC be¢ome5 leKalty entitled to tht benefit of use
of the res0￿ree, thÈ inftow tyf e¢onornic benefft is probable the rnonetary.walue ¢afi be measured with sufficlent
Legacles are reC￿lsed when probate ha5 been granted. the amrJ¥nt re¢elvable can be remably measured and the
Executors have noiified their intention to make a dlsiribulkn.
li

PCC OF ST MARY'S WOODBRIDGE
Notes to the Flnancial Statements for the year ended 31 December 2023
l Accounting policies (Contlnued)
Don3110ns collection$ and planned &iwnB are reco8nised when received.
Gift aid Is Included In tFJe finantial sratements when the income to wh¢ch it is related is recognlsed.
Grnnts ère recoEnised when the lormal offer in writin8 of the fvndlrtg is reeeived by the PCC and poyrnent 15
certain.
Glfts in knnd for the Pccsown use are Induded at theirestimated fair value on receipt and expensed ovw thelr
us¢ful life.
Statutoryfee5for weddln8s and funerals are r¢co8nlsed when the offKe occurs.
Income ￿te1Vable in return lor sellin8 6oods or providing seThi£Èsls retognised either when Koods are sold or the
service provided.
Income from the hlre olthe Church orst Marfs House is recognised whèn the hire tskes place.
Investmefit In¢ome lirtierest and dividends) is accounted for when re¢elvable.
Rea115ed 8alns or105ses on the sale of knvestn*nts are recO￿5ed when the Irw¢stments are sold and unreallsed
siilns and losses on In¥eMm•nts held atthe year end are accoumed for In the $￿tement￿l Flnan¢ial Actlvity.
Government grants are •ccounthd for •ntltlm¢ntls e51abltshed and rhe •vent8Mn8 rts• to th18rnnt hs
k•n pla¢• b•for• th•y•ar •nd.
1.5 Exp•ndltur• and Ilabllld•$
Experbdlture Is recoinw whenther• Is a le8al orconstiuttl¥e oblt8atlon Ind s¢ttlemeTht15 probjble and quantlfiabl•.
6r•nts and donations are ac¢ounthdfor when pald or ¥¥I￿n a¥rdrded where the award Creates a blndln4
obligatlon on ihePCQ
Th• Dloc•san Parjsh Shir* 1$ accounted fr*on aD amual b•slsand reffletts the alocatlon ayeed by the Pccwlth
thè Doanery.
1.6 Flx*d *sMts
Consecrated and beneficed propertyof any klnd Is excluded from the acaiynts by Sealon 10121 olihe Charltle$Act 2011.
Movable Church fvrnishini held by tht Rettor and Churchwarden5 on 5peclal forthe PCC and whlch fequire a Faculty
for dlsposal, are a¢counted as inalienable property unless constuated. 7heyare lts¢ed In the Chur¢h's Inwntory whSth can
b• Inspected but are not Irtdud￿ In the finandal srafemen
All expendr(ur• Ob) cons￿#t•d or b¢nÈficed buiklinqs and Indwual Items cDstln8 under £5(Oar• wrltt•noff In the year
th•y werè Incurrtd.
Tan8ible fixed a55et5 foruse bythe thirlty areupknllsed4t ¢ort lor th* ￿￿MIted ¥Jlueof donated goc*Js1 and that
mount, less any currently antldpated resldual falf value. wrnten off tc* the Statemtrtof F¢naftcial Activitle5 over thelr
stlmated ustful Ilvts asf¢4low
Lond and b￿ldIng5 ar¢d Church plano
Church equ!pment- IT related
Church equipment- othor
Ihtld at fair￿l￿e)
33%straliht Itne
25%reductr¥ balaKe
No depre¢latbn Is pl¢)￿ded￿n fre•hold buildin8s and the Churth piano asthe e¢onomlclWe of these assetsexceeds
50years and iesiflual TrAlues are so hi8h that ￿tentIal depreclatlon would be Immaterial. and11 i$tht PCCS polky to
maintaln these assets in a Continuèl state of sound repair. provi￿0Th wlll be mad¢ if r¢8ulat InwLrmEnt review5 indicats
there has been any pern)anent diminulion in valu

PCC OF ST MARY'S WOODBRIDGE
Notes to the Financial Statements for the year ended 31 December 2023
l Accountlng policies (contlnued)
1.7 Flxed asset Investments
Investments are slated at market ètthtbaèn￿ Sheet date and ￿rtatIOnstrorn thè laSt￿latIOn re¢ord•d ifi th¢
ststementof Hnan¢lal Affalts.
1.8 Stocks
Stotksare st•t¢d 4t thelrKqulsltlon cost less •ny probtsknn T*here s*15 antldp•ted at • lower amount.
1.9 L¢•ses
Rentsls Pl￿ble under operatln8 lea5e5. Inchjdlni any [t￿t Incenifvej amtharpd as•n
expense.on a stral8ht Ilne basLs over thetern of the relvlant le￿.
1.10 Golni concern
Atthe tlme of apPrO￿nIthe ftmnthl st*•mefttsth• Tivst•tsh•¥e a ￿l￿n￿bleeXpeCl•kn thatthe
¢hèrlty has adequate re￿￿1¢t$ to contlnue In operatlonal ex1sten￿ for the foreseeable fvturè. Thu5 the
TnMteoscontlnue tg •dopt the •olrycon¢em bath of •ctauntltsg In preP•rI￿the ftTr•nd￿ stotem&it>

PCC OF ST MARY'S WOODBRIDGE
Notes to the Financlal Statements for the year ended 31 December 2023
2 Income and endowments
T¢tsi Funds
202>
Fund5
2in2
PlinnEd gi¥ini
other donations
71.e30
11.542
7L8ao
12,542
15,405
19,880
16,56,,
Otl)er domtlons-re￿r￿ed
ISJ05
107
1,01.:
Gfft aldrecovtrdW¢
19.773
Volumèryl￿or￿ W115
Lrf•¢l¢s-8trt¢r•l
104,145
2$312
119.657
31,0D'.:
TOT
119,657
144.411.,
Fundrais5n& cèrtertsande%*Nts
Athe￿51￿ revenu¢
9,642
L977
fj.9D'.
1.977
TOTAL
IL619
RO?9
Shops*l*s
Hlr4 of Churth Stmarfs Houst
F••sfor ￿ddin85￿d fvntr?
17.910
lin2
17,910
12,722
5.258
TOTAL
JsAg)
I￿orn*tr￿ lrtv•iMn•nts
B•nk intErest
L195
717
23.$08
141
Ol¥id¢nd5
141
TOTAL
23.649
Otherrncelpts- b￿ldIn1£r3DlS
70)
TOTAL lrt¢ome and tr￿Ow￿en￿fjfj ait
fvnd$
21.$56
1g.orj
193,757
It?,7JL
There was no incomt rece￿ed bythe Endowed Furkosdurintt￿￿f.
14

PCC OF ST MARY'S WOODBRIDGE
Notes to the Financial Statements for the year ended 31 December 2023
3 Expenditure
Rtstrkted
F¥nd5
rat•1 FyTrd5
Totolrtsnc15
F￿d
2ts22
Cleryy•xpgnses
SBlJrie5 and hon¢)rnFI*
Othercosts
1225
2.225
3.250
2.458
l.J91
3.2SO
2,5DD
1,9
1458
Othercosts-f*Strlct•d
1,631
1,632
1,515
TOTAL
9&65
7.386
thurth
Utllltl*s
15.389
15.319 1
2.450 '
16.425
15,335
6.JX2
1,871
Rep•lrs and rn•lntenathtt
Repalrs and rn•lnt•nin¢•- r•strkted
2A50
16.425
Tor
17
16,425
54261
ZJ,518
4M90
r¢¢p•lrs #nd rnilrrtenan
orher¢osts
L933
1.993
11$
'Shop purthases lor r¢4
13.398
13.398
8,807
roTAL
21.114
17.23
Sal•rl¢S and peAslo111
Newsletter
19,944
2.575
485
6,019
19.944
157S
18,3£1
1,094
172
Fundr•lJlw cojts
6￿1>
5,335
L544
6.131
731
pro￿1810￿*1 fee$
epre¢lot
Bènk charyos '
Mlscellaneous ¢05tS
4.757
LI31
2.010
I,J15
5,8n
1,132
2,010
2,947
TOTAL
39￿7
37,403
TOTALCHURCH ACTMnES EXP£NOrnJAE
19.171
104
85.537
St Marfs Hovse project
parlsh share
38,879
64,653
56,861
63.189
64.651
TOTAL EXPENDITURE
19.172
201332
205.587
Therew￿￿0 t￿ndk￿rÉlTUMt￿ endoAYdFurd%dwfr¥tr*ye•F.

PCC OF ST MARY'S WOODBRIDGE
Notes to the Flnanclal Statements for the year ended 31 December 2023
4 Staff costs
CoSt2012
WaBe5 and 5al4rl•s
19,446
17.533
Ernpbwr soc44 s*curGty cosrs
Emphyer pension cp515
9M
t8.Y61
Thtr4Er4y nu¢nberof Im￿0ve¢S th￿*￿they*lr￿•S2 (202L.2
4dmlnlsi•r•d Ind•p•nd•ntty of th•thartty.
5 Related partles
iumJr•¢•5¥•d byth• Pccfwih b•r￿010th•llrl￿￿9T0ry￿d1o￿￿Wl p•sXdto￿1•IM￿l botsltafid r•fiKt•d In theje
I1ThanCl￿ ￿*teMen
bp•nstsp*J ro Ik•r4¢dderthT•mowrt•dio£222S12021' ÉV91K
There kve been ￿ payrnents iofdèted ch￿￿￿e$d￿l¥the Yeaf. buithÈ PCCh•s ré£ÉW Iln*Thd•ls¥N*rtfrom th? Fr1￿￿% plSL
Marfs lan Ird•p•r#l•nt charity) In rttpert ofth•cosiolc•rtah r•p*randlXlkN￿￿(¥*10 th¢ thwth. ￿léOn￿k1￿1f• r•fkn•d
wkthknthe felt4•nt r•thcEed fvnd.
Th•Chwrdwè￿Ins•rI T￿￿•1$•fI￿O 1Thdep•thTi￿s1iiIpto rfIv4* PtyrtrtylntkP¥tsh.Thwewv•notr•ns•Etkn b•kn¥een
th•Ptt4nd th•s• ir¥5ts th+￿r.
from ljinuary 2021stM￿s. WoDdWEaThl St Gr••t 8•alw5*w•tsrmed Into ah)#ii berthe. Eath Churth operot¢sh5
PCC.and yèp2ressep*ate attourts M frtynln*to tyansJLtsnsrelKlwtoor*cl￿ch p•s£thrwh t￿h0o￿￿the oth•F
d suthamountsarepeflothèlysenledt￿l￿1ffloUthts outstlthdlw hyknled in dEbtors or credltor5. The Partsh
fwth*jolrtb•nfi¢• Is all¢at•d •ath KC boun1• tyth• PCCsiNc•4ny•tt*rnpt
4tquantSfk•tfjDD ts EOA%5dered ou¢ of prcgwUoThtowyber*fit
6 Governance
£L4341.
7 Operatin8 lease
The¢h*lty L%t•mmittd loa paymrtafE2￿1512O2I. a845lPeranr￿Th wderafi0per•￿IeI￿thatÈ•tres iD202

PCC OF ST MARY'S WOODBRIDGE
Note5 to the Flnanclal Statements for the year ended 31 December 2023
Tangible Flxed Assets
Fr•ehold l•r
Churth Tot*1 fixed
•WwneTrt
Cortryv•lu•tstyb
At l January 2023
Addltlon$ai ¢osi
39,4
375.001
At31 DttEmbv 2023
D•prnd•tbo
At I lanuory 2023
Ch•ry foTth•wr
3lJ31
S872
J2,131
5,872
At31 D¢¢qmb•r 2023
N•t book wl¥•
At31 Dtcomber2023
At 31 D•cembtrX+22
7AZ7
Th• fre•hold land M•rfsllw M•knllNLWood￿ and ts slat•d•tK%J99Ytslrwlue. Cons•u•i•rf•Dd
t••qnc•prop•rty li •X¢￿d￿l￿N1th￿éIt￿wnts.
9 Flxed Asset Investments
Fund5
Mark•t value l Jènuary 1023
Revalu*Uatssurplus
Mirket 7Alue 31 D2(exbET2023
5J
17

PCC OF ST MARY'S WOODBRIDGE
Notes to the Flnancial Statements for the year ended 31 December 2023
10 Debtors
FuThls
2027
Tax recoveThbl•
3367
10
Other¢Jebl
I[￿￿5¢ vrn¢d on ￿nk￿¢F•￿¥
D•btsri•ndgr•p•ym•iits
?I.oFo
Le1￿1*$ due at yÈ8rend
TOTAL DEBTORS
The ￿licY due at the year end Is accouni¢d foras r*quweO ￿ I￿9￿￿11r* pollcy 1.4. Probaie was iFin¢ed b•fornthe yew •ndandthÈ
E¥¢cytor5 have provldtd a rdlable e¥iimare Of amount ID be ¥e(er¥Èd aftei The dar*of itt*seaccounts.
11 Credltors falllng due within one year
rDT.'.{
20:,:
Futhds
2023
cru•bforuUllty and other casts
J.J
Orher ¢rgdnor5
P561
11391
2,969

PCC OF ST MARY'S WOODBRIDGE
Notes to the Flnancial Statements for the year ended 31 De￿rnber 2023
12 Statement of funds
The PCC hèsde$l8nated*ll furKtsduefrorn Hrylewyforthe upkery maln¢•narKeand hiy4rtr&*mertalSt Mrfj How.*rvJ Its
IIAka¥twlththe thwth.
•nd thélrpurpo¥e5 4rt:.
Ch¢tr FuThl. lorthe rywlnten•nceof tholr m
Ch•pter Futhd. lorChwthw4Ye aThl pleteto upktepsel¥l￿
VesbnenthJnd-lorth•r•P•lr¥￿ repkncerneDt olvesknen
Chuth Sound 5>￿te￿.10Tfhe maimenarKe 0lthethwthse￿￿ syst¢m.
tknn Fund.knrtp*sto th• Churthw￿.
Endty•m•rtlunth •rern4ulrtd ￿thed￿r¥to￿ hvethd•I￿thÈ￿*0MeIp¢rtw4P•¢￿kObi1th
The Endowment FuTrJ comwts•sSt. Ilow• Inw￿.
mm•ryof•ll fur
Fund ￿N¢•Me •nd èxptrd￿Yrt •n(tfln•l bil•ww•45 10kn..
iJ•rt2
Unrestrbcted Funds
Generjl Fund
De518n?fed FvrKI- St
House pfolttt IP4ote 141
TQTAL GENEIW FUNDS
143.817
1ts028LI
12L624
651L
21.596
138.8791
658,ni
174114 1189JM)
.Restrlrted Funds
Grace Bwu851
Choir Fund
B.262
16.706
In
428
8,863
16.032
455
958
IL6321
Chapter Fund
Fab￿¢ Fund
4S5
3.302
71N28
832
Vestment Fund
832
Churrh 5wnd Systeni
St M4rfsMgu* proJe¢i
Or8an Fund
L115
IL1151
2J
FUNOS
Endowment Funds
5t. Marfs House
119.174
If4A76
314y3
314543
TOTAL PAR15H FUNDS
¥19V64

PCC OF ST MARY'S WOODBRIDGE
Notes to the Financlal Statements for the year ended 31 December 2023
13 Net assets bylund
Fwnds
Tarlib￿ fixed •55ets
Flxed assets lTh¥estments
455
314.Y3
3)4990
Current a55•ts
771384
113.4YI
94556
Current liab¢liti¥
113.6941
TOTAL
W76 31450 IWJ64
14 St Marfs House Project
In 2020 the PCCwaszd¥tsed been IEft • ￿bIll￿1￿ tepcyml dEsW*dthi •mourtttoth•51 M•rf* How•Prol•rt io de￿lop
th• Unkw b•M••n St Marfs ond thechurth. By 31 Dtt•rr&w2013atotslof£768.61612021. £n2.0201 had be•n dBkntsd
Intludlw •fUl￿r*I1¢Y and Inter•A on des*n￿d•POlirs.
Ofthes•fub￿É109,￿s h•db•on ey•endtd ty31 Dttomber2tQ312022.. £710161 feo
Uh•Ap•nd•l ￿fvdS •t31 2023*rbwthdiO É651.72112022.. £65iQJ41.

CHARITY COMMISSION
FOR ENGLAND AND WALES
Independent examiner's report on the
accounts
Section A
Independent Examinerfs Report
Report to the trustees
The Parochial Church Council IPCC) of the Ecclesialical Parish of St
MaryThe Virgin, Woodbridge, SLrfFolk
On accounts for the yoar
ended
31 December 2023
Charity no
(If any)
1129672
Set out on pages
2to21
I report to the trustees on my examination of the accounts of the above
charity (Ihe Trust") for the year ended 31*t December 2023.
Rè8ponsibilitie8 and
basis of report
As the charity's trustees. you are responsible for the preparation of the
accounts in accordance with the requir8ments of the Charities Act 2011
{"the Act").
I report in respect of my examination of the Trust's accounts carrièd out
under section 145 of the 2011 Act and in carrying out my examination. I
have followed all the applicable Directions given by the Charity Commission
under section 145(511bl of the Act.
Independent
examinerf8 8tatement I have completed my examination. I confirni that no malerial matters have
come lo my attention in connection wth the examination (other than that
disclosed below ') which gives me cause lo believe that in, any malerial
respect..
the accounting records were not kept in accordance with section 130
of the Charities Act; or
the accounts did not accord with the accounting records,. or
the accounts did not comply with the applicable requirements
con￿MIng the fomi and content of accounts set out in the Charities
{Accounts and Reports) Regulations 2008 other than any requirement
that the accounts give a Irue and fair, view which is not a matter
considered as part of an independent examination.
I have no Goncems and have come across no other matters in connection
with the examination to which attention should be drawn in this report in
order to enable a proper undetstanding of the accounts to be reached.
Please
the words in the brackets if they do not apply.
Slgned:
Dats:
2610712024
Name:
Christopher Annis
Relevant piofessional
qualificationlsl or body
lif any):
FCA
IER
Oct 2018

Address:
LB Group Advisory Limited (Ipswich)
80 Compare Crescent. Ipswich. Suffolk, IP2 OEH
United Kingdom
Section B
Disclosure
Only complete If the examiner needs to highlight material matters of conc6m
(see CC32, Independent examination of charity accounts.. directions and
guidance for examiners).
Give here brief details of
any itsms that the
examiner wlshes to
dlsclose.
IER
Oct 2018