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|Trustees'<br>Annual<br>report|Trustees'<br>Annual<br>report||2 —8|
|---|---|---|---|
|Statement ofParochial|Church Council (PCC) responsibilities|||
|Independent<br>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|





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|The members|who held office from<br>1 January 2023 until|who held office from<br>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,<br>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|||





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||Notes|2023|2023|2023|2022|2022|2022|
|---|---|---|---|---|---|---|---|
|||Unrestricted|Restricted|Total|Unrestncted|Restricted|Total|
|||Funds|Funds|Funds|Funds|Funds|Funds|
|INCOME FROM:||||||||
|Donations<br>and legacies||||||||
|Voluntary<br>Income from Donors||919,666|63,335|983,001|1,001,531|11,970|1,013,501|
|Other voluntary<br>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<br>activities||230,164||230,164|181,839||181,839|
|Investment<br>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<br>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<br>/ (expenditure)||(20,804)|(42,465)|(63,269)|17,893|(38,172)|(20,279)|
|Gross transfers<br>between<br>funds|12|13,262|13,262||10,363|10,363||
|Net movement<br>in funds||(34,066)|(29,203)|(63,269)|7,530|(27,809)|(20,279)|
|RECONCILIATION<br>OF FUNDS||||||||
|Total funds brought<br>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<br>fund|||12|5,607|||5,607||
|Focus Bursary|||12|336|||||
|Ukrainian<br>fund|||12|2425|||2425||
||||||1,085,648|||1,114;851|
|Unrestricted<br>funds:|.||||||||
|.Genera) fund|||12|252,911|||271,334||
|Building(Capita)<br>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<br>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<br>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|





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|2<br>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<br>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<br>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<br>claims||||||151|||151|4,137||4,137|
|Crossway &Church||lettings||||86,665|||86,665|67,552||67,552|
|Property<br>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<br>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<br>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<br>clergy and parish costs|||||||107,090||107,090|103,752||103,752|
|Children's<br>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<br>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<br>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<br>g|engagement<br>g|Total<br>f|Engagement<br>L|engagement<br>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<br>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<br>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<br>t<br>I||||||||
|Tearfund/Hope<br>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<br>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<br>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<br>f|Youth<br>f|Pastoral<br>f|Worship|Events<br>f|Property<br>f|Total<br>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<br>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'<br>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<br>f|expended<br>f|/(spend)||resources|expended|/(spend)||
|Children's<br>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<br>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<br>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<br>operating|||leases expiring within two to five||||years (2022;||XNil).||||
|16Analysis offund assets|||||||||||||||
|||Crossway|Vicar's<br>fund|All Saints<br>sewo|||Ukrainian<br>n|Global<br>engagemen|UK<br>engagement||Focus<br>Bursary|Hardship<br>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<br>0.734||2,425<br>-|2,580<br>2,580l|2,222<br>2,222||336<br>-|5,607<br>-|392,409<br> ~58,749|417,476<br> ~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<br>Current creditors|||3.332||||2,425|1,022<br>1,022<br>1,022||||5,607|83,007<br>84,029<br>447,086<br>459,472<br>~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|