## **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