2023-12-31-accounts

Treasurer’s report

The PCC has a duty to ensure accounts are prepared and independently examined in accordance with the Church Accounting Regulations 2006 which incorporate the requirements of the Charities Act 2011 and the Statement of Recommended Practice for accounting and reporting by charities published by the Charity Commission (the SORP). The PCC also has a duty to approve the accounts and to present them to the Annual Parochial Church Meeting (APCM).

Financial Review 2023

There was a further decrease of income in the General Unrestricted Fund for the year of £14,208 compared to the decrease in income of £8,789 in 2022. The incoming resources increased by £22,835 from £106,851 in 2022 to £129,686 in 2023 including a legacy of £8,091.

Along with the legacy we also received a grant of £4,000 from the diocese to help with energy costs. There were small increases in income from concerts, magazine sales, shop and book sales and wedding / funeral fees and a small reduction in magazine adverts. Expenditure also increased from £115,640 in 2022 to £143,894 mainly driven by higher energy costs (even after taking the grant into consideration), a one-off marketing fee for the church re-branding and bookcase depreciation. Our contribution to the Dioceses was £66,315, an increase of £1,455 paid in 2022. For the accounts to the year-end 31[st] December 2023, Moore Green once again provided the Church with an excellent service as Independent Examiner of the accounts and it is proposed that they continue in this role for 2024. The General Fund Balance at the year-end was £95,912 , which included a general reserve of £10,000, liquid assets of £51,125, shop stock £4,280 and fixed assets £30,507.

The Restricted Fund balances have increased by £22,045 over the year to £142,556. The Fabric Fund stands at £85,444 along with £50,000 set aside as a Fabric reserve for emergencies. The 2016 quinquennial report has previously been received and assessed and a budget of expenditure up to £50,000 was set. This still stands; however, we are also investigating the possibility of external funding for part of the cost of the work required. The Bell Fund is £2,076 and the Music Fund £3,251. The fund for Children and family activities received further additional funding from the CoOp during the year (£2,315), some of which was put to good use leaving a current balance of £1,785.

The value of the Endowment Fund investments has increased by £2,490 to £31,868 in the year.

Our total net income for the year at £7,133 (described as “Net Movement of Funds” on page 3 of the annual accounts), includes depreciation at 25% on the cost of shelving for the bookstall and the cost of a new photocopier purchased in 2023. Donations totalling £1,473 were collected in the church to support Ukraine, the Turkish / Syrian earthquake, Storehouse and Seafarers.

March 2024

John Knight- Treasurer

A copy of the Accounts for the year to 31[st] December 2023 are available separately.

FINANCIAL STATEMENTS OF THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF LAVENHAM FOR THE YEAR ENDED 31 December 2023 Rector Rev.Canon Simon Pitcher Churchwardens David Deacon Mary Morrey

IMOEPENDENT EXAMINER'S REPORT TO THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF LAVENHAM I r8POrt on Ihe accounts for the year enrjed 31st December 2023 which are set out on pages 310 9 Responslblll¢lps and basls ofreport As the charl￿5 Iru5tee5 you are r6sponsibFe for the preparation of the accounts in accordance wilh the requirements of the Charities Act 20111.the Act'l. I repoTI In Te5pect ol my exatnination of th8 charity's accounts carried out under seclron 145 of the Act and in carrwng out my examination I have followed all the applicable Direction5 given by the Charity CommSsslon under Section 1451Sllbl ol the Act. IndependentExamlner's Statement I hav8 completed my examlnation. I confimi that no materL41 matters have come lo my attention In connectlon wlth the 8xarnln8tlon giving rn8 cause to believe that In any material respect.. 1 accounting records We￿ not kept In iespect ol the charfty as ￿qUIred by sectlon 130 01 the Act.. or 2 th8 aecounts do not accord with those re¢¢)rds 3 the financial statements do not (x)rnply wllh the applicable r8quirem8nt5 concerning th8 fortn and eonlanl ol accounts Sel out in the Charities (Accounts and Reports) Regulation5 2008 other than any requiretnent Ihal the accounts give a.1￿e and lair. view which is not a tnatter con51dered as part of an Independent examlnatlon. I have no concerns and have come across no other rnalters in connectlon wlth thts tsxaminatk)n to whlch attènfjon should b8 d￿wn in this report in order to enable a proper underslandlng ol the a¢¢ounls to be reached. Dated. Mr Vincent Chandler FCA FCCA Moore Green Chartorod Aecountsnts 22, Frlars Slr881, Sudbury C010 2AA Sullolk Page 2

PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF LAVENHAM (Rogislered Charity No. 11316421 STATEMENT OF FINANCIAL ACTIVITIES AS AT 31 DECEMBER 2023 Unrastrict8d Restricted Notes & Dès '1 Fund Funds Endowmant Fund Total 2023 Total 2022 INCOMING RESOURCES Incoming resources from donors Other voluntary Incomlng resources Income resources from operating activities.. lo further the Council's activities lo generate funds Incorne from investments Endowment Funds Transferrod TOTAL INCOMING RESOURCES 81765.66 0.00 17597.15 1401.97 99362.81 1401.97 79466.42 860.27 2b 2c 2d 2è 14890.18 33030.24 Ll.00 0.00 5494.36 8703.26 14890.18 38524.60 8703.26 0.00 162882.82 It532.24 34359.59 3036.63 0.00 729255. 15 129686 08 33196.74 0.00 RESOURCES EXPENDED Grants Aclivilles directly relatlng lo the work of the church Fund raising expenses Church management and adminislralir)n 4.47 o.oo 4.47 1293.95 3b 124835.62 14229.76 11151.18 0.00 135986.80 14229.76 115669.00 9599.34 3d 8019.80 0.00 8019.80 3566.18 TOTAL RESOURCES EXPENDED 147089,65 11151.18 158240.83 130128.47 NET INCOMING RESOURCES -17403.57 22045.56 0.00 4641.99 -8T3.32 GAINSILOSSES ON INVESTMENTS Sb 0.00 0.00 2490.81 2490.81 -3575.06 NET MOVEMENT OF FUNDS -17403.57 22045.56 2490.81 7132.80 -4448.38 BALANCES BROUGHT FORWARD AT 1ST JANUARY 2023 113365.62 120510.96 29,377.52 263254.10 267702.48 FUND TRANSFER 0.00 BALANCES CARRIED FORWARD AT 31ST DECEMBER 2023 95962.05 142556.52 31868.33 270386.90 263254.10 Page 3

PAROCHIAL CHLIRCH COiJNCIL OF THE ECCLESIASTICAL PARISH OF LAVENHAM (Registgred Charity No. 11316421 BALANCE SHEET AS AT 31 DECEMBER 2023 2023.00 2022.00 FIXED ASSETS Tangible nvestmenl 30507.11 29419.58 31859.73 26818. 77 5b 59926.69 64738.50 CURRENT ASSETS Debtors and prep&ymenls Short term deposils Cash ot bank and in hand Shop stock al cost 11366.68 18007Q.66 21320.62 4279.93 10942. T2 172169.81 3466T.24 6206.96 217037.89 223986.73 CURRENT LIABILITIES Creditors 8moun15 falling due within one year 6577.68 25471. 13 NET CURRENT ASSETS I (LIABILITIES) 210460.21 198515.60 TOTAL NEf ASSETS 270386.90 283254. 70 PARISH FUNDS Unfestricted Designated Reslricl8d EndowmEnl 95962.05 0.00 142556.52 31868.33 79T79.50 53586.12 120510.96 29377.52 270386.90 263254.10 Approved by the Parochlal Chufch Councll on . 2024 and srgngd on Ils behall by Churchwarden.I Churchwarderib,... Page 4 The notes on pages 510 9 form part of thèsè acoounls

PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF LAVENHAM IRegisler&d Charity No 11316421 NOTES TO THE FINANCIAL STATEMENTS lor the 1 ACCOUNTING POLICIES The flnancial statements have been prepared in accordance wlh the Church Accounting Regulations 2006 together with applicable accounting standards and the Charities SORP issued in October 2019. The financial stat8menls have been propared under the hSslorfcal cost convenlioFI 8XC8Pt lor the valuation ol investment assets, which are shown at market value. The financial statements include all transactions, as5els and liabilities for which the PCC 15 responsible in law. They do not include the accounts of Church gTOUPS that owe their main affiliation to another body, nor those that are informal gath&ring5 01 church memb8¥S. ar ended 31st December 2023 FUNDS Endowm8nl Funds are funds, tha capital of whi¢h must bb maintained, only income ads5ng from investment gf the endowmenl rnay be us8d 8ilh8r as reslricled or unrestricted funds depending upon th8 purpose lor which the 8ndowtll8nl wa5 established. Restricl8cl Funds rèpfesenl lal income fr(Trm tntsls or endowments which may be expended only on those r8stricltrd obje¢ls provided in th8 terms of the trust or bequ8sI. and Ibl donations or grdnl8 received lor a specific obje¢t or invited by the PCC for a specific object. The funds may only be expended on the specific oblecl for which they were giv8n. Any balance remaining unspent al the end ol each year musl be carri8d forward as a balance on that fund. Th8 PCC does not usually inv881 88paral81y for each fund. Where there is no separate investrnenl interest is apportioned lo individual funds on an average balance basis. Unreslricled Fufids are general funds which can be u88d for PCC ordinary purposes. INCOMING RESOURCES Planned giving, collections and donations are recognised when receiv9d. Tax refunds are recognised when the inwmlng resource to whlch they relat8 is r8C8IV8d. GrAnts and legacies are accounted for when the PCC 18 legally 8nti118d to th8 amounts due. Dividends ar8 acctsuntad for when receivable, inl8r88t is accrued. All other income is recognised whon il Is receivable. All incorning resources are accoun18d for gToss. RESOURCES EXPENDED Giants and donations are accounted forwhen p8id over, or when awarded, if th81 awkrd creates blnding or constructive obligation on Ihè PCC. The diocesan parish share Is accounted for when dua. Arnounts received specifically lor mission are dealt with as restricted funds. All other expgnditur8 is g8ll8rally recognised when it Is inCUr￿d and is aocounted for gross. FIXED ASSETS Consecrated and bentsfice property is not includ8d bn the accounts in accordan¢9 Wth s.1012118l and Icl ol the Charit185 Act 2011. Movable church lumishings held by the rector and churchwarden5 on special trust for the PCC and which require a faculty for disposal are inalienable property, listed in the church's inventory, which can be inspected lat any reasonable limel. For anything prior to 2000 ther8 is insufficient cost Inlormation available and therefore such assets are not valued in the financial slalem8nts. Items aquired sittca 1 January 1995 have been capitali58d and depreciated in the accounts over their currently useful e¢onomic lil8. Equipment, fixtures and fittings- 25¢/0 reducing balance basis Individual it8ms of equipment with a purchase price of £1,WO or less a¥8 writterj off when the asset 15 aquired. LEASES To facililale the building ol Lav8nharn Village Hall on a sp8cified part of the Glebe, two leases were n8golial8d with the DBF in late 20031ear5y 2004 1 A full repaiTing and maintainin9 lease behNeen Ihe DBF 8nd the PCC for the Glebe for a tsrrn 0140 years vrith effeot Imm 1 June 2004 al a rent of£150 p8r annum with rènt ra￿ewS every 5 years. 2 A lull repairing and rnainlaining Und8rlease between the Lavgnham CommunSty Council Ilhrough thgir holding Trustees), the PCC and the DBF for a defined plot on the Gl8b818nd consent to build the Lavgnham Village Hall) lor a lerrn of 40 y8&rs1ess 2 days, al a rent of £200 p8r xnnum with rent reviews every S y8ars. Pagtr S

PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF LAVENHAM IReglstered Charity No. 11318421 NOTES TO THE FINANCIAL STATEMEN S for the ear ended 31 December 2 ACCOUNTING POLICIES OF THE PAROCHIAL CHURCH COUNCIL l¢onlinuedl Investments Investments are valued at market value 31 De￿rnber. Th8 SOFA Includes th8 net galns and 105s6s aiising on ￿VaLuatIOnS during the year. Current Assets Amounts owng lo Ihe PCC at 31 De￿mber in respect of lees, rent or oth81 income are shown as debtors less any piovlsion lor amounts th31 may prove un-coll8Ctable. Short-t8rrn deposits Indude cash held on deposll either ￿th the CCLA Church of England Funds or al th6 bank. INCOM1NG RESOURCES Unrestricted & Desi '1 Fund Reslrlcled FuTrd5 Total 2023 To181 2022 28 Incoming resourcgs from donors Planned gfvlng Collections and other glving Tax r8cov8rable Sundry donations Logacitss 22878.21 7399.92 10960.93 32435.20 8091.40 22878.21 7399.92 1901.14 12862.07 15696.01 48131.21 8091.40 21032.89 9814.23 10149.92 35381. 16 3()88.22 61765.66 17597.15 99362.81 79466.42 2b other voluntary incoming resources Bell Fund Musle & Cholr Fund 816.00 585.97 816.00 585.97 34Q.00 520.27 1401.97 1401.97 860.2T 2¢ Incotne from tsperallng activiti85 to further the work ol the chureh Sale of magazines 3643.18 Fees 11247.00 3643.18 11247.00 2433.29 9098.95 14890.18 14890.18 11532.24 2d Income frorn operating actlvlties to generate funds Magazine advertiS8ment lees Rent Gift Day Fund raislng Seeond-hand books Shop sales 8351.20 1038.59 0.00 4071.83 8101.69 11466.93 8351.20 1038.59 0.00 4071.83 13596.05 11466.93 9546.05 923.59 0.0 3194.40 1109Q.47 9605.08 0.00 0.00 5494.36 33030.24 5494.36 38524,60 34359.59 2e Income from Inveslments Dividends Bank Interest 802.41 7900.85 802.41 7900.85 799.77 2236.86 0.00 8703.26 8703.26 3036.63 TOTAL INCOMING RESOURCES 129686.08 33196.74 162882.82 129255.15 Induded In Incoming Resour¢es are donations from PCC m8rnber5 and their spou3es of £12,921 Phge 6

PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF LAVENHAM NOTES TO THE FINANCIAL STATEMENTS lor the ded 31 December 2023 Unieslricted Restrlcted & Desi 't Fund Funds Total 2023 Tolal 2022 3.00 RESOURCES USED Grants to further the work of the chu¥ch Overseas mission - Kagera Secular charities Salvation Army 0.00 4.47 0.00 0.00 4.47 0.00 0.00 1293.95 0.00 4.47 0.00 4.47 1293.95 Secular Charities.. Collections made during the year included '. Ukraine £810, Syria l Turkey £270 Storehouse £200 and Seafarer5 £193. 3b Aclivllies dire¢lly relating to the work ol the church Dlocesan parish share Church expenses Clergy expenses Cost of services Upkeep of churchyardlGl8bg Church maintenance Major works Wages Depieciation Organlmuslclchoir Bellfopes l Flower l Nava Fund Biddlg Coal A.V, Equip. I Childrens Fund 66315.00 22685.95 1891.25 2048.08 0.00 6445.83 3195.62 11584.88 10169.03 450.00 66315.00 5494.36 28180.31 1891.25 2048.08 0.00 6445.83 3195.62 11584.86 10169.03 3370.41 780.00 50.00 1956.41 1956.41 11151.18 135986.80 64860.00 7859Q.18 It760.86 846.68 0.00 7709.86 7085.65 12199.98 74.25 1765.00 480.00 0.00 1596.54 115669.(10 0.00 2920.41 780.00 50.00 124835.62 3c Shop Purchases Opening shop stock at cost Less cbsing shop stock al cost Magazlne printing costs Onllne Givin9 Fees 5430.98 6206.96 -4279.93 6817.75 54.00 14229.76 5430.98 6206.96 -4279.93 6817.75 54,00 0.00 14229.76 6536.36 4330.60 -6203.96 4720.34 216.0 9599.34 3d Church management ond adrninlslr8lion Telephone, Internet & Card Termlnal costs offi￿ expenses Legal & ProfessSonal Fees Audlt and Accountancy 1170.43 2569.37 3000.00 1280.00 8019.80 1170.43 2569.37 3000.00 1280.00 8019.80 1479.48 1236.70 0.00 850.00 3566. 18 TOTAL RESOURCES USED 147089.65 11151.18 158240.83 130128.47 4a STAFF COST Total 2023 Tolal 2022 Wages and salarles S811 employed Oigani5ts 3555.80 8029.06 3497.02 8702.96 11584.86 12199.98 During the year the PCC employed a cleaner and verger Ipart-tlrn81 who were not pald an amoLtnl large enough to attract soclal security costs. Page 7

PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF LAVENHAM NOTES TO THE FINANCIAL ST MENTS for the ar ended 31 December 2023 4b PAYMENTS TO PCC MEMBERS The choir and bell ringers, some of whom rnay be rnembers ol the PCC, re￿IVed token payments lor weddingsllunerals at which they perforrned. Our Director ol Music Is a member ol the PCC and received £8.029.06 in payments during the yeai. FIXED ASSETS Tangible fixed assets Equlpment fixtUTes Total 2023 Cost Asat 1.1.23 Addllions during the year at cosl Dlsposal 64898.98 2892.00 -75.59 64898.98 2892.00 -75.59 As al 31.12.23 67715.39 67715.39 Depreclallon Asat1.1.23 Ch8rg8 lor th8 yaar 27039.25 10169.03 27039.25 10169.03 As at 31.12.23 37208.28 37208.28 Net book value at 31.12.23 30507.11 30507.11 Net book value at 31.12.22 37859.73 37859. T3 Sb INVESTMENTS Total 2023 Total 2Q22 Quoted CBF Inveslrnent Fund CBF Fixed Int8r8sl S8curitie5 Fund 29115.62 303.96 26591.92 286.85 Market value at 31.12.22 29419.58 26878.7T 6 DEBTORS Total 2022 Tol81 2027 Glft Ald tax and VAT recoverable oth8r D8btor8 7877.59 3489.09 7878.20 3064.52 11366.68 10942.72 Page 8

PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF LAVENHAM NOTES TO THE FINANCIAL STATEMENTS for the ear ended 31 December 2023 LIABILITIES.. AMOUNTS FALLING DUE WITHIN ONE YEAR Total 2023 Tolal 2022 Creditors for goods and services other creditor5 and accruals 3430.00 3147.68 3712.77 21758.36 6577.e8 25471. 13 ANALYSIS OF NET ASSETS BY FUND Unreslricled Restricted Fund Fund Deslgnated Endowment Fund Fund Total 2023 Tolèl 2022 TangSble fixed assets 30507.11 Investment assets Current asset$ Cash 30507.1.1 29419.58 29419.58 5.25 15646.61 2443.50 201391.28 -6577.68 37859.73 26878.77 17149.68 206837.05 -25477.13 10935.79 4705.57 61096.83 137850.95 577.68 0.00 95962.05 142556.52 0.00 31868.33 270386.90 263254. 10 ENDOWMENT FUND DETAILS The restricted funds comprise the Fabric Fund which includes income of pemanent endowments las below) of Helen Murlel Duvall bequest lor the upkeep and rnalnlenance of the labTiC ol the church.. the me￿lIna Spring Stanley trust for Ihe upkeep of Ihg fabii Incltjding the steeple of the church and lh8 monuments the￿In or connected therewilh. and Biddell MemorSal Fund lor the upkeep ol Ihe churchyard Bidd811 Tiust ICDal Charilyl hall for church iepalrs and hall for coal lor the p¢ior and Francis Spring Bequest lor the upkeep ol Ihe church lower and roots. In¢orDe Investment Cash Total Spring Stanley Trust Duvall Bequest Biddell Memorlal Fund Biddell Coal Charity Francis Spring Bequest 61.54 593.80 147.07 2.315.83 21.723.69 5.380.06 2315.83 21723.69 5607.45 396.26 1825.10 227.39 396.26 1825.10 802.41 29419.58 2448.75 31868.33 The movement on the restricted funds durlng the year 15 as follows Opening Incoming Resour¢os Balance Resources Ex ended 111422.90 29515.86 5494.36 5585,92 585.97 2920.41 2039.89 816.00 780.00 0.00 0.00 2278.91 1956.41 33196.74 11151.18 Unrestricted Closing Transfer Balance 135444.40 3251.48 2075.89 Fabrlc Fund Musiclcholr Fund Bell Fund AV Equipmenl Fund Children5 Co-op Fund 1462.25 120510.96 1784.75 142556.52 0.00 Page 9

FINANCIAL STATEMENTS OF THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF LAVENHAM FOR THE YEAR ENDED 31 December 2023 Rector Rev.Canon Simon Pitcher Churchwardens David Deacon Mary Morrey

IMOEPENDENT EXAMINER'S REPORT TO THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF LAVENHAM I r8POrt on Ihe accounts for the year enrjed 31st December 2023 which are set out on pages 310 9 Responslblll¢lps and basls ofreport As the charl￿5 Iru5tee5 you are r6sponsibFe for the preparation of the accounts in accordance wilh the requirements of the Charities Act 20111.the Act'l. I repoTI In Te5pect ol my exatnination of th8 charity's accounts carried out under seclron 145 of the Act and in carrwng out my examination I have followed all the applicable Direction5 given by the Charity CommSsslon under Section 1451Sllbl ol the Act. IndependentExamlner's Statement I hav8 completed my examlnation. I confimi that no materL41 matters have come lo my attention In connectlon wlth the 8xarnln8tlon giving rn8 cause to believe that In any material respect.. 1 accounting records We￿ not kept In iespect ol the charfty as ￿qUIred by sectlon 130 01 the Act.. or 2 th8 aecounts do not accord with those re¢¢)rds 3 the financial statements do not (x)rnply wllh the applicable r8quirem8nt5 concerning th8 fortn and eonlanl ol accounts Sel out in the Charities (Accounts and Reports) Regulation5 2008 other than any requiretnent Ihal the accounts give a.1￿e and lair. view which is not a tnatter con51dered as part of an Independent examlnatlon. I have no concerns and have come across no other rnalters in connectlon wlth thts tsxaminatk)n to whlch attènfjon should b8 d￿wn in this report in order to enable a proper underslandlng ol the a¢¢ounls to be reached. Dated. Mr Vincent Chandler FCA FCCA Moore Green Chartorod Aecountsnts 22, Frlars Slr881, Sudbury C010 2AA Sullolk Page 2

PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF LAVENHAM (Rogislered Charity No. 11316421 STATEMENT OF FINANCIAL ACTIVITIES AS AT 31 DECEMBER 2023 Unrastrict8d Restricted Notes & Dès '1 Fund Funds Endowmant Fund Total 2023 Total 2022 INCOMING RESOURCES Incoming resources from donors Other voluntary Incomlng resources Income resources from operating activities.. lo further the Council's activities lo generate funds Incorne from investments Endowment Funds Transferrod TOTAL INCOMING RESOURCES 81765.66 0.00 17597.15 1401.97 99362.81 1401.97 79466.42 860.27 2b 2c 2d 2è 14890.18 33030.24 Ll.00 0.00 5494.36 8703.26 14890.18 38524.60 8703.26 0.00 162882.82 It532.24 34359.59 3036.63 0.00 729255. 15 129686 08 33196.74 0.00 RESOURCES EXPENDED Grants Aclivilles directly relatlng lo the work of the church Fund raising expenses Church management and adminislralir)n 4.47 o.oo 4.47 1293.95 3b 124835.62 14229.76 11151.18 0.00 135986.80 14229.76 115669.00 9599.34 3d 8019.80 0.00 8019.80 3566.18 TOTAL RESOURCES EXPENDED 147089,65 11151.18 158240.83 130128.47 NET INCOMING RESOURCES -17403.57 22045.56 0.00 4641.99 -8T3.32 GAINSILOSSES ON INVESTMENTS Sb 0.00 0.00 2490.81 2490.81 -3575.06 NET MOVEMENT OF FUNDS -17403.57 22045.56 2490.81 7132.80 -4448.38 BALANCES BROUGHT FORWARD AT 1ST JANUARY 2023 113365.62 120510.96 29,377.52 263254.10 267702.48 FUND TRANSFER 0.00 BALANCES CARRIED FORWARD AT 31ST DECEMBER 2023 95962.05 142556.52 31868.33 270386.90 263254.10 Page 3

PAROCHIAL CHLIRCH COiJNCIL OF THE ECCLESIASTICAL PARISH OF LAVENHAM (Registgred Charity No. 11316421 BALANCE SHEET AS AT 31 DECEMBER 2023 2023.00 2022.00 FIXED ASSETS Tangible nvestmenl 30507.11 29419.58 31859.73 26818. 77 5b 59926.69 64738.50 CURRENT ASSETS Debtors and prep&ymenls Short term deposils Cash ot bank and in hand Shop stock al cost 11366.68 18007Q.66 21320.62 4279.93 10942. T2 172169.81 3466T.24 6206.96 217037.89 223986.73 CURRENT LIABILITIES Creditors 8moun15 falling due within one year 6577.68 25471. 13 NET CURRENT ASSETS I (LIABILITIES) 210460.21 198515.60 TOTAL NEf ASSETS 270386.90 283254. 70 PARISH FUNDS Unfestricted Designated Reslricl8d EndowmEnl 95962.05 0.00 142556.52 31868.33 79T79.50 53586.12 120510.96 29377.52 270386.90 263254.10 Approved by the Parochlal Chufch Councll on . 2024 and srgngd on Ils behall by Churchwarden.I Churchwarderib,... Page 4 The notes on pages 510 9 form part of thèsè acoounls

PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF LAVENHAM IRegisler&d Charity No 11316421 NOTES TO THE FINANCIAL STATEMENTS lor the 1 ACCOUNTING POLICIES The flnancial statements have been prepared in accordance wlh the Church Accounting Regulations 2006 together with applicable accounting standards and the Charities SORP issued in October 2019. The financial stat8menls have been propared under the hSslorfcal cost convenlioFI 8XC8Pt lor the valuation ol investment assets, which are shown at market value. The financial statements include all transactions, as5els and liabilities for which the PCC 15 responsible in law. They do not include the accounts of Church gTOUPS that owe their main affiliation to another body, nor those that are informal gath&ring5 01 church memb8¥S. ar ended 31st December 2023 FUNDS Endowm8nl Funds are funds, tha capital of whi¢h must bb maintained, only income ads5ng from investment gf the endowmenl rnay be us8d 8ilh8r as reslricled or unrestricted funds depending upon th8 purpose lor which the 8ndowtll8nl wa5 established. Restricl8cl Funds rèpfesenl lal income fr(Trm tntsls or endowments which may be expended only on those r8stricltrd obje¢ls provided in th8 terms of the trust or bequ8sI. and Ibl donations or grdnl8 received lor a specific obje¢t or invited by the PCC for a specific object. The funds may only be expended on the specific oblecl for which they were giv8n. Any balance remaining unspent al the end ol each year musl be carri8d forward as a balance on that fund. Th8 PCC does not usually inv881 88paral81y for each fund. Where there is no separate investrnenl interest is apportioned lo individual funds on an average balance basis. Unreslricled Fufids are general funds which can be u88d for PCC ordinary purposes. INCOMING RESOURCES Planned giving, collections and donations are recognised when receiv9d. Tax refunds are recognised when the inwmlng resource to whlch they relat8 is r8C8IV8d. GrAnts and legacies are accounted for when the PCC 18 legally 8nti118d to th8 amounts due. Dividends ar8 acctsuntad for when receivable, inl8r88t is accrued. All other income is recognised whon il Is receivable. All incorning resources are accoun18d for gToss. RESOURCES EXPENDED Giants and donations are accounted forwhen p8id over, or when awarded, if th81 awkrd creates blnding or constructive obligation on Ihè PCC. The diocesan parish share Is accounted for when dua. Arnounts received specifically lor mission are dealt with as restricted funds. All other expgnditur8 is g8ll8rally recognised when it Is inCUr￿d and is aocounted for gross. FIXED ASSETS Consecrated and bentsfice property is not includ8d bn the accounts in accordan¢9 Wth s.1012118l and Icl ol the Charit185 Act 2011. Movable church lumishings held by the rector and churchwarden5 on special trust for the PCC and which require a faculty for disposal are inalienable property, listed in the church's inventory, which can be inspected lat any reasonable limel. For anything prior to 2000 ther8 is insufficient cost Inlormation available and therefore such assets are not valued in the financial slalem8nts. Items aquired sittca 1 January 1995 have been capitali58d and depreciated in the accounts over their currently useful e¢onomic lil8. Equipment, fixtures and fittings- 25¢/0 reducing balance basis Individual it8ms of equipment with a purchase price of £1,WO or less a¥8 writterj off when the asset 15 aquired. LEASES To facililale the building ol Lav8nharn Village Hall on a sp8cified part of the Glebe, two leases were n8golial8d with the DBF in late 20031ear5y 2004 1 A full repaiTing and maintainin9 lease behNeen Ihe DBF 8nd the PCC for the Glebe for a tsrrn 0140 years vrith effeot Imm 1 June 2004 al a rent of£150 p8r annum with rènt ra￿ewS every 5 years. 2 A lull repairing and rnainlaining Und8rlease between the Lavgnham CommunSty Council Ilhrough thgir holding Trustees), the PCC and the DBF for a defined plot on the Gl8b818nd consent to build the Lavgnham Village Hall) lor a lerrn of 40 y8&rs1ess 2 days, al a rent of £200 p8r xnnum with rent reviews every S y8ars. Pagtr S

PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF LAVENHAM IReglstered Charity No. 11318421 NOTES TO THE FINANCIAL STATEMEN S for the ear ended 31 December 2 ACCOUNTING POLICIES OF THE PAROCHIAL CHURCH COUNCIL l¢onlinuedl Investments Investments are valued at market value 31 De￿rnber. Th8 SOFA Includes th8 net galns and 105s6s aiising on ￿VaLuatIOnS during the year. Current Assets Amounts owng lo Ihe PCC at 31 De￿mber in respect of lees, rent or oth81 income are shown as debtors less any piovlsion lor amounts th31 may prove un-coll8Ctable. Short-t8rrn deposits Indude cash held on deposll either ￿th the CCLA Church of England Funds or al th6 bank. INCOM1NG RESOURCES Unrestricted & Desi '1 Fund Reslrlcled FuTrd5 Total 2023 To181 2022 28 Incoming resourcgs from donors Planned gfvlng Collections and other glving Tax r8cov8rable Sundry donations Logacitss 22878.21 7399.92 10960.93 32435.20 8091.40 22878.21 7399.92 1901.14 12862.07 15696.01 48131.21 8091.40 21032.89 9814.23 10149.92 35381. 16 3()88.22 61765.66 17597.15 99362.81 79466.42 2b other voluntary incoming resources Bell Fund Musle & Cholr Fund 816.00 585.97 816.00 585.97 34Q.00 520.27 1401.97 1401.97 860.2T 2¢ Incotne from tsperallng activiti85 to further the work ol the chureh Sale of magazines 3643.18 Fees 11247.00 3643.18 11247.00 2433.29 9098.95 14890.18 14890.18 11532.24 2d Income frorn operating actlvlties to generate funds Magazine advertiS8ment lees Rent Gift Day Fund raislng Seeond-hand books Shop sales 8351.20 1038.59 0.00 4071.83 8101.69 11466.93 8351.20 1038.59 0.00 4071.83 13596.05 11466.93 9546.05 923.59 0.0 3194.40 1109Q.47 9605.08 0.00 0.00 5494.36 33030.24 5494.36 38524,60 34359.59 2e Income from Inveslments Dividends Bank Interest 802.41 7900.85 802.41 7900.85 799.77 2236.86 0.00 8703.26 8703.26 3036.63 TOTAL INCOMING RESOURCES 129686.08 33196.74 162882.82 129255.15 Induded In Incoming Resour¢es are donations from PCC m8rnber5 and their spou3es of £12,921 Phge 6

PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF LAVENHAM NOTES TO THE FINANCIAL STATEMENTS lor the ded 31 December 2023 Unieslricted Restrlcted & Desi 't Fund Funds Total 2023 Tolal 2022 3.00 RESOURCES USED Grants to further the work of the chu¥ch Overseas mission - Kagera Secular charities Salvation Army 0.00 4.47 0.00 0.00 4.47 0.00 0.00 1293.95 0.00 4.47 0.00 4.47 1293.95 Secular Charities.. Collections made during the year included '. Ukraine £810, Syria l Turkey £270 Storehouse £200 and Seafarer5 £193. 3b Aclivllies dire¢lly relating to the work ol the church Dlocesan parish share Church expenses Clergy expenses Cost of services Upkeep of churchyardlGl8bg Church maintenance Major works Wages Depieciation Organlmuslclchoir Bellfopes l Flower l Nava Fund Biddlg Coal A.V, Equip. I Childrens Fund 66315.00 22685.95 1891.25 2048.08 0.00 6445.83 3195.62 11584.88 10169.03 450.00 66315.00 5494.36 28180.31 1891.25 2048.08 0.00 6445.83 3195.62 11584.86 10169.03 3370.41 780.00 50.00 1956.41 1956.41 11151.18 135986.80 64860.00 7859Q.18 It760.86 846.68 0.00 7709.86 7085.65 12199.98 74.25 1765.00 480.00 0.00 1596.54 115669.(10 0.00 2920.41 780.00 50.00 124835.62 3c Shop Purchases Opening shop stock at cost Less cbsing shop stock al cost Magazlne printing costs Onllne Givin9 Fees 5430.98 6206.96 -4279.93 6817.75 54.00 14229.76 5430.98 6206.96 -4279.93 6817.75 54,00 0.00 14229.76 6536.36 4330.60 -6203.96 4720.34 216.0 9599.34 3d Church management ond adrninlslr8lion Telephone, Internet & Card Termlnal costs offi￿ expenses Legal & ProfessSonal Fees Audlt and Accountancy 1170.43 2569.37 3000.00 1280.00 8019.80 1170.43 2569.37 3000.00 1280.00 8019.80 1479.48 1236.70 0.00 850.00 3566. 18 TOTAL RESOURCES USED 147089.65 11151.18 158240.83 130128.47 4a STAFF COST Total 2023 Tolal 2022 Wages and salarles S811 employed Oigani5ts 3555.80 8029.06 3497.02 8702.96 11584.86 12199.98 During the year the PCC employed a cleaner and verger Ipart-tlrn81 who were not pald an amoLtnl large enough to attract soclal security costs. Page 7

PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF LAVENHAM NOTES TO THE FINANCIAL ST MENTS for the ar ended 31 December 2023 4b PAYMENTS TO PCC MEMBERS The choir and bell ringers, some of whom rnay be rnembers ol the PCC, re￿IVed token payments lor weddingsllunerals at which they perforrned. Our Director ol Music Is a member ol the PCC and received £8.029.06 in payments during the yeai. FIXED ASSETS Tangible fixed assets Equlpment fixtUTes Total 2023 Cost Asat 1.1.23 Addllions during the year at cosl Dlsposal 64898.98 2892.00 -75.59 64898.98 2892.00 -75.59 As al 31.12.23 67715.39 67715.39 Depreclallon Asat1.1.23 Ch8rg8 lor th8 yaar 27039.25 10169.03 27039.25 10169.03 As at 31.12.23 37208.28 37208.28 Net book value at 31.12.23 30507.11 30507.11 Net book value at 31.12.22 37859.73 37859. T3 Sb INVESTMENTS Total 2023 Total 2Q22 Quoted CBF Inveslrnent Fund CBF Fixed Int8r8sl S8curitie5 Fund 29115.62 303.96 26591.92 286.85 Market value at 31.12.22 29419.58 26878.7T 6 DEBTORS Total 2022 Tol81 2027 Glft Ald tax and VAT recoverable oth8r D8btor8 7877.59 3489.09 7878.20 3064.52 11366.68 10942.72 Page 8

PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF LAVENHAM NOTES TO THE FINANCIAL STATEMENTS for the ear ended 31 December 2023 LIABILITIES.. AMOUNTS FALLING DUE WITHIN ONE YEAR Total 2023 Tolal 2022 Creditors for goods and services other creditor5 and accruals 3430.00 3147.68 3712.77 21758.36 6577.e8 25471. 13 ANALYSIS OF NET ASSETS BY FUND Unreslricled Restricted Fund Fund Deslgnated Endowment Fund Fund Total 2023 Tolèl 2022 TangSble fixed assets 30507.11 Investment assets Current asset$ Cash 30507.1.1 29419.58 29419.58 5.25 15646.61 2443.50 201391.28 -6577.68 37859.73 26878.77 17149.68 206837.05 -25477.13 10935.79 4705.57 61096.83 137850.95 577.68 0.00 95962.05 142556.52 0.00 31868.33 270386.90 263254. 10 ENDOWMENT FUND DETAILS The restricted funds comprise the Fabric Fund which includes income of pemanent endowments las below) of Helen Murlel Duvall bequest lor the upkeep and rnalnlenance of the labTiC ol the church.. the me￿lIna Spring Stanley trust for Ihe upkeep of Ihg fabii Incltjding the steeple of the church and lh8 monuments the￿In or connected therewilh. and Biddell MemorSal Fund lor the upkeep ol Ihe churchyard Bidd811 Tiust ICDal Charilyl hall for church iepalrs and hall for coal lor the p¢ior and Francis Spring Bequest lor the upkeep ol Ihe church lower and roots. In¢orDe Investment Cash Total Spring Stanley Trust Duvall Bequest Biddell Memorlal Fund Biddell Coal Charity Francis Spring Bequest 61.54 593.80 147.07 2.315.83 21.723.69 5.380.06 2315.83 21723.69 5607.45 396.26 1825.10 227.39 396.26 1825.10 802.41 29419.58 2448.75 31868.33 The movement on the restricted funds durlng the year 15 as follows Opening Incoming Resour¢os Balance Resources Ex ended 111422.90 29515.86 5494.36 5585,92 585.97 2920.41 2039.89 816.00 780.00 0.00 0.00 2278.91 1956.41 33196.74 11151.18 Unrestricted Closing Transfer Balance 135444.40 3251.48 2075.89 Fabrlc Fund Musiclcholr Fund Bell Fund AV Equipmenl Fund Children5 Co-op Fund 1462.25 120510.96 1784.75 142556.52 0.00 Page 9