2023-12-31-accounts

Trustees' Annual report	Trustees' Annual report		2 —8
Statement ofParochial	Church Council (PCC) responsibilities
Independent auditor's	report to the PCC ofSt Stephen's	Church
Statement ofFinancial	Activities		13
Balance Sheet
Statement ofcash flows			15
Notes to the accounts			16-24

The members	who held office from 1 January 2023 until	who held office from 1 January 2023 until	the date ofsignature ofthis report and the accounts were:	the date ofsignature ofthis report and the accounts were:	the date ofsignature ofthis report and the accounts were:	the date ofsignature ofthis report and the accounts were:	the date ofsignature ofthis report and the accounts were:
Lay Chair		Colin Matthews (SC,
		P&S)
Clergy		Rev. Libby Talbot	Rev. Jez Barnes (SC,M&M,
		(from 15Jan 24)	P&S)(to 23 Jul 23)
		Rev, Rachel Bedford	Rev. Dave Cokayne (M&M)
		(M&M) (to 19Dec23)	(to 18Jul 23)
8'ardens		Colin Matthews	Sarah Gough (SC,FAB,
		(SC,P&S)	M&M Chair, P&S)
Secretary and lay members		Nicola Patel (Secretary	Caroline Perry
		Co-opted, non-voting,	(PCC Assistant, co-opted,
		SC,FAB,P&S)	M&M)
Lay readers		Les Taylor (M&M)	JoDixon (M&M)
Deanery Synod members		David Parish	Tony Dixon (FAB)
		Mike Wilkinson	Anne Warren (to 15May 23)
		Sandra Jennings	Zac Jopling (M&M)
Elected lay	members	Jen McCole (P&S	Jeannie Mee	Mike Wainer		(FAB)
		Chair, SC)(to 15May	(P&S)(to 15May 23)
		23)
		Matthew Baird (SC,	Ross Yarrow (M&M, FAB)	Helen Chen
		Treasurer, FAB Chair)
		David Sandford (M&M	Brenda Begg (SC)	Chris Askwith (P&S,
		to May 2023)	(to 22 Jan 24)	Safeguarding		Ofticer)
		Louise Messer	Ben Pearman	Shammah	Banerjee
		(M&M)	(M&M)	(M&M)
		Elaine Johnston (P&S)	Maggie Chan (P&S)	Mark Myddelton			(FAB)
		Amelia McLauchlan
		(to 21 Sept 2023)
SCdenotes members ofthe Standing		Committee	FAB denotes member ofthe Finance, Audit		and Buildings
P&Sdenotes members ofthe Personnel and Safeguarding			M&M denotes members ofthe	Mission and	Ministry

	Notes	2023	2023	2023	2022	2022	2022
		Unrestricted	Restricted	Total	Unrestncted	Restricted	Total
		Funds	Funds	Funds	Funds	Funds	Funds
INCOME FROM:
Donations and legacies
Voluntary Income from Donors		919,666	63,335	983,001	1,001,531	11,970	1,013,501
Other voluntary income		21,000		21,000	113,783		113,783
		940,666	63,335	1,004,001	1,115,314	11,970	1,127,284
Charitable activities		230,164		230,164	181,839		181,839
Investment income - interest		5,877	130	6„007	1,691	53	1,744
TOTAL INCOME	2	1,176,707	63,465	1,240,172	1,298,844	12,023	1,310,867
EXPENDITURE ON:
Charitable activities		1,197,511	105,930	1,303,441	1,280,951	50,195	1,331,146
TOTAL EXPENDITURE	3	1,197,511	105,930	1,303,441	1,280,951	50,195	1,331,146
Net income / (expenditure)		(20,804)	(42,465)	(63,269)	17,893	(38,172)	(20,279)
Gross transfers between funds	12	13,262	13,262		10,363	10,363
Net movement in funds		(34,066)	(29,203)	(63,269)	7,530	(27,809)	(20,279)
RECONCILIATION OF FUNDS
Total funds brought forward		973,690	1,114,851	2,088,541	966,160	1,142,660	2,108,820
TOTAL FUNDS CARRIED FORWARI	16	939,624	1,085s648	2,025,272	973,690	1,114,851	2,088,541

					2023			'2022
			Notes		g
Tangible Fixed assets					1,680,061			1,705,843
Current assets
Debtors				113,435			84;029
Cash at bank and in	hand			304,041			3.7.5,443
				417,476			459,472
Creditors: falling duc within		one year		(72,265)			(76774)
Net current assets					345 211			382,698
Net assets less current liabilities				27025,?72				2,088,541
Net assets				2025.272				2;08 6-541
Reserves
Restricted funds:
Crossway			12	1,074,097			1)103,487
Vicar's discretionary	fund		12	3,183.			3332
Hardship fund			12	5,607			5,607
Focus Bursary			12	336
Ukrainian fund			12	2425			2425
					1,085,648			1,114;851
Unrestricted funds:	.
.Genera) fund			12	252,911			271,334
Building(Capita) fund			12	80,749			10Q,QOQ
Fixed asset reserve			12	. 605764			602:356
					939,624			973,690
				2,025 272				2,088,541
The accounts have been prepared		in accordance	with the	Financial Reporting	Standard	102;

				2023	2022
Cash flows from operating	activities			(18,035)	92,514
Cash flows from investing	activities
Purchase offixed assets				(53,367)	(34,088)
Cash flows from financing	activities
Change in cash and cash equivalents		in the	year	(71,402)	58,426
Cash and cash equivalents	at the beginning		ofthe year	375,443	317,017
Cash and cash equivalents	at the end	ofthe	year	304,041	375,443

			2023	2022
Net income/(expenditure)		for the year	(63,269)	(20,279)
Depreciation			79,149	66,093
(Increase)/decrease	in debtors		(29,406)	35,919
Increase/(decrease)	in creditors		(4,509)	10,781
			(18,035)	92,514

2 T	O	TAL I	NCOME
							2023				2022
						General				General
						Unrestricted	Restricted		Total	Unrestricted	Restricted	Total
						Funds	Funds			Funds	Funds
									K			K
Voluntaryincome		from donors
Regular giving						555,155			555,155	589,563		589,563
Income tax recoverable on standing				orders		113,361			113,361	125,444		125,444
Single gifts
	direct &via charitable				agencies	203,116	48,985		252,101	241,297	9,570	250,867
Income tax recoverable on single gifts						42,705	9,904		52,609	42,431	2,400	44,831
Collections at all	services					5,330	4,445		9,776	2,796		2,796
						919,667	63,335		983,001	1,001,531	11,970	1,013,501
Other voluntary	incoming		resources
Legacies						21,000			21,000	113,783		113,783
						21,000			21,000	113,783		113,783
Total Donations	and legacies					940,667	63,335		1,004,001	1,115,314	11,970	1,127,284
Activities for generating funds
Insurance claims						151			151	4,137		4,137
Crossway &Church		lettings				86,665			86,665	67,552		67,552
Property rent						92,927			92,927	75,574		75,574
						179,743			179,743	147,263		147,263
Incoming resources from charitable					activities
Income from events		(note 7)				44,409			44,409	32,441		32,441
Fees						6,012			6,012	2,135		2,135
						50,421			50,421	34,576		34,576
Total resources	from charitable					230,164			230,164	1&1,839		181,839
activities
Interest income
Vicar's discretionary		fund						130	130		53	53
Unrestricted fund						5,877			5,877	1,691		1,691
Total investment	income					5,877		130	6,007	1,691	53	1,744
Total incoming resources						1,176,707	63,465		1,240,172	1,298,844	12,023	1,310,867

								2023
							General			General
							Unrestri cted	Restricted	Total	Unrestricted	Restricted	Total
							Funds	Funds		Funds	Funds
										8
Grants- see note 4
Global engagement							27,454	17,223	44,677	70,997	20,200	91,197
UK engagement							15,200	59,317	74,517	27,578	587	28,165
Common Fund	—support		to other		parishes	in
London Diocese							88,225		88,225	89,800		89,800
							130,879	76,540	207,418	188„375	20,787	209,162
Activities directly relathtg				to lite work oftlte church
Common Fund	—Parish standard				cost		87,775		87,775	85,200		85,200
Additional clergy and parish costs							107,090		107,090	103,752		103,752
Children's work							56,802		56,802	84,602		84,602
Youth work							60,780		60,780	67,734		67,734
Pastoral							40,534		40,534	63,615		63,615
Worship							58,167		58,167	47,596		47,596
Houses: rent, upkeep		&depreciation					39,558	6,965	46,523	41,435	6,963	48,398
Church running	costs &maintenance						112,030		112,030	88,117		88,117
Service fees							4,337		4,337	3,268		3,268
Fees (CofE)							2,505		2,505	1,461		1,461
Events expenditure		(note		7)			62,337		62,337	54,432		54,432
							631,916	6,965	638,881	641,210	6,963	648,173
Support costs-	see note 5
Administrative	&support			staff			219,749		219,749	236,530	19	236,549
Communication,	publicity			and Sunday content			92,750		92,750	102,322		102,322
Church offtce							39,978		39,978	41,985		41,985
Bank charges							601		601	550		550
Crossway							68,638	22,425	91,063	57,179	22,425	79,604
Governance costs - audit			and other financial			fees	13,000		13,000	12,800		12,800
							434,717	22,425	457,142	451,366	22,445	473,811
Total cost ofcharitable			activities				1,197,511	105,930	1,303,441	1,280,951	50,195	1,331,146

			2023			2022
		Global	UK		Global	UK
		Engagement g	engagement g	Total f	Engagement L	engagement L	Total
To institutions
Radstock Ministries	(Pau! Williams)	4,388		4,388	3,948		3,948
CPAS			3,000	3,000		3,000	3,000
SEEN			6,200	6,200		6,200	6,200
St Stephen's School						6,800	6,800
TWMAS/Crosslight			6,000	6,000		6,000	6,000
St Marys and StAlbans - Activate						3,000	3,000
St Paul's PCC		1,230		1,230
Alpha Churches Poland					50,750		50,750
ASI Graft			56,552	56,552
I (2022;4) grants less than L1,000		250		250	429	656	1,085
G~lb I t I
Tearfund/Hope Church		2.223	2,222	4,445
SOMA					5,000		5,000
ASHA		15,000		15,000	15,000		15,000
To individuais:
Bob&Becky Faber		5,513		5,513	7,350		7,350
Richard Gordon-Smith		7,980		7,980	7,660		7,660
Anna StKlas Stol		7,770		7,770
4(2022:15)grants less than L),500		324	543	867	1,060	2,509	3,569
Total		44,677	74,517	119,193	91,197	28,165	119,362
To the Diocese ofLondon
Common Fund —support to other parishes			88,225	88,225		89,800	89,800
Total		44,677	162,741	207,418	91,197	117,965	209,162
Being:
Unrestricted Fund		27,454	103,425	130,879	70,997	117,378	188,375
Restricted Funds		17,223	59,317	76,540	20,200	587	20,787
		44,677	162,741	207,418	91,197	117,965	209,162

												Basis of
					Children f	Youth f	Pastoral f	Worship	Events f	Property f	Total f	allocation
Administration	and	support			70,320	54,937	26,370	26,370	24,172	17,580	219,749	Usage
Communication,	publicity		and	Sunday content	27,825	27,825	9,275	18,550	9,275		92,750	Usage
Church office					7,996	11,993	5,997	1,999	3,998	7,996	39,978	Usage
Bank charges					120	120	120	120	120		601	Usage
Crossway					18,213		9,106	18,213		45,532	91,063	Usage
Governance costs					4,160	3,250	1,560	1,560	1,429	1,040	13,000	Usage
					128,633	98,126	52,428	66,812	38,994	72,147	457,142
6Resources	expended		include
										2023	2022
Diocesan Common		Fund
-Parish standard		cost								87,775	85,200
-Support to other		parishes		in London Diocese						8&,225	89,800
										176,000	175,000
Auditors' remuneration										6,000	6,000
Other services	payable to auditors									5,000	5,000
Total auditor	expenses									11,000	11,000
7 Events income and expenditure
						2023				2022
					Incoming	Resources	Net income		Incoming	Resources	Net income
					resources f	expended f	/(spend)		resources	expended	/(spend)
Children's events					11,288	2,989	8,299		6,747	707	6,040
Youth events					6,335	15,368	(9,032)		10,101	16,430	(6,329)
Evangelism and pastoral			events		25,060	34,001	(8,941)		9,481	16,818	(7,337)
Focus					1,725	9„980	&,255		6,112	20,477	(14,365
					44,409	62,337	17,929		32,441	54,432	21,991

9Tangible fixed	9Tangible fixed	assets	assets			Freehold	land	Plant and	Total
						&buildings		equipment
Cost or valuation
At beginning of	year					2,619,361		402,468	3,021,829
Additions								53,367	53,367
Disposals
At end ofyear						2,619,361		455,835	3,075,196
Depreciation
At beginning of	year					990,965		325,021	1,315,986
Disposals
Charged in year						41,423		37,726	79,149
At end ofyear						1,032,388		362,747	1,395,135
Net book value
At 31December		ZOZ3				1586	973	93 088	1680 061
At 31 December		2022				1 628	396	77447	1 705 843
Land and buildings								Z023	2022
At Cost
Church Office, 30 Crown				Road				197,343	197,343
Two residential	properties,			Richmond	Road			457,303	457,303
Church Hall, Crossway								1,370,328	1,370,328
Two other residential			properties					594,387	594,387
								2619361	2619361

10Debtors
			2023	2022
Income tax recoverable			100,311	46,245
Other debtors			3,729	1,681
Prepayments	and accrued	income	9,395	36,103
			113,435	84,029
11Creditors	due within	one year
			2023	2022
Other creditors			7,829	13,345
Social security and other		taxes	10,205	9,951
Accruals and	deferred income		54,231	53,478
			72,265	76,774

15Commitments
There are no payments	due	under non-cancellable operating			leases expiring within two to five				years (2022;		XNil).
16Analysis offund assets
		Crossway	Vicar's fund	All Saints sewo			Ukrainian n	Global engagemen	UK engagement		Focus Bursary	Hardship fund	Unrestricted	Total
								f				f
As at31December 2023
Cash at bank and in	hand		3,183			-	2,425	2,222	2,222		336	5,607	288,046	304,041
Debtors					8,714			358		-	-	-	104,363	113,435
Current creditors			3,183		8,714 0.734		2,425 -	2,580 2,580l	2,222 2,222		336 -	5,607 -	392,409 ~58,749	417,476 ~72,265
Net current assets			3,183				2,425				336	5,607	333,660	345,211
Fixed assets		1,074 097											605,964	1,680,061
		1074 097	3183				2425				336	5607	939624	2025272
As at 31December 2022
Cash at bank and in hand			3,332			-	2,425					5,607	364,079	375,443
Debtors Current creditors			3.332				2,425	1,022 1,022 1,022				5,607	83,007 84,029 447,086 459,472 ~sm.
Net current assets			3.332				2,425					5,607	371,334	382,698
Fixed assets		1,103,487											602,356	1 705,843
		1 1034&7	3332				2425					5 607	973690	2.088.542