ST STF.PHF.N'S PCC ANNIJAJ. RF.PORI' AYD Tr'INANCIAI. STATFMFYrs FOR THE YLAK TI) THF. 311)ECEMBER 2023 Chgrlly Kt8lslr4lioii Number 1131952 ST STEPHEN'S PCC nnyal Report rf the P&rochiAI Choych L'ountll For the ye￿ eThled 31 DECernb￿ IOLI AdMlni*Atlve irfoTnLqtion Si..qiephen'5 Church Is silu4lcd in 5ouih Kcn%inEtM in Lhe Royal Borough ol K￿SInglOn and Chel￿ca. It 1$ in the Keniing14)n l-.PiACOPAI Area ofthc DivLE%C of Luniiun but is under fhe pas1￿￿1 LOXE uf ihe Bi%hup uf Fulknm. Tr LorreApundenLe addre&s is Sl. SLephen's ChurLh. Souihwell Gard¢n&. Limd¢in SW7 4RL Thc P4ryKhiRI Church Council IPCCI i6 a ie8i$i¢red ¢h8rity number 1131952. PLf m¢mbcrA who have 5erYcd l January 2023 until the d4EC ihis rep)rt aPFqoved are.. InL't4mheni.' Thc R¢vd Thilip Bam LTh41r￿n Mf T#in Hunicr MA Mineike Muss Vice Chainnan Repres¢￿1•11￿j Ihè Dèurtery Siwd.. Mr P•iri¢k Rr4Jitr MrF KhaTin.%tiri8hi UThlil 23 April 2023 limm 23 April 21)23 El¢ciedMemhtr5.' Mr. D4vid Culville Mr Anthony Il&rdncr Mr8 FAi3$b¢ih OlunluyTr Mr% Sue miche1rn￿¢ Mr Ro%A EgcrLUn Mr Richard Shull T¢t4￿u Uniil 03 June 2023 Ideeeasodl UTrLiI UI Au¥us1 Z1123 Idec¢¥iwJl Fr(￿ 23 April 21123 Fvom 23 April 2021 Safe8uardln8 om¢¢r MI Mincllc Mi Mrx Eliy.ubEih Qlunloyo ChildT¢n'% Ch#mpion', Sts'r¢iary'. Mr Mork H(KJBin $lructwrei xov¢rn•nte nwnaiemrnl The rncLh￿j uf I￿1n1m¢D¢ pcc mtnihErs IN Qui in Ih¢Churth R¢pr¢sentsii4Jn Rultx. All Chuft'lL Uttcndtty Are enLxiuru¥¢d li r¢Bixi¢r lh¢ F.l¢¢ioral Rnll &nd Slond f(YelccliN 10 lh¢ PCC. Th¢ Pfc 1% clcclcd each yeRr A5 Bre ihc ChurchwArdrn$. Objecllvei Artlvltl Thc PCC Lht rt4pO￿1bl1I[Y uf iuwBrAling wilh Ihr I￿uM￿￿￿￿ in pTh)nMAin¥ in Ihe eLLleii4slicRI P￿ri￿h Ihr whul¥ tnisslon ofihe ch¥￿￿. pastsxdl, evin8clisric..%QLial ¢¢Limenic41. AchIe￿n￿lI Ind Perfornianct Church illcndanr¢ On lh¢ 315t tkn¢rnlxr 2023. th¢r¢ wvc 6712022. 671 on the Electorlll Roll. 2.%5 people 8i*nded a Chrisim4s MA￿ and 167 an East￿ Ma%%. Average Sunday #ittndllnce. counied durin¥ (ki01￿[ 21123, 511121122. 481 &thili% and 212(122. 41 childTen. AvcrA8C atiertdanet for rnidwttk Services durivg O¢ithr 20Z3 5 (2022- 5). In 2023 we h&d w I￿4￿aBes, 3 fu￿traI5. 1 bdptibm ST STEPHEF4'S PCC A Thnual Report ofihe Pgrothlal Churth Couhdl F4)r the Ytur ended Jl DtcetnbeT 2023 Ilemew of Iht yeor During 2023 4)ur pUri￿h j(>yfvlly COThLlnllcd tu LrlebT￿[e ulir faith and 10 grow in worship. fcllowship ond welcome. IL was i year m￿￿ed by paNicular'hi8h8' and 'low5' wilh iim¢s of ¢¢l¢bration al%0 keenly f¢li Iu53CS. Th¢ full PL'L An fNT txpcrt¢nc¢ g¢nile bjt suhiaintd srowih in our regular wurxhippinE communiiy und in Ihr huppy rntnpany DI Ih(kK wh¢) Ii¥ik Si SLephen'x their Apirtludl 'hutnc'. Previuus annual reports hdv¢ iuvcrd lh¢ ext¢nsiv¢ uf Ih¥ vesiry. kiichcn. loos 4nd church L'niranc¢ Ind 8rounds. This work w ¢ompliiEd Jinuary 2Q21. a￿d we hove bccn cnjoying th¢ ben¢filS of Ib¢ Improv￿ faLililiri Ihai we havB. At Ihi ¢nd lif Jdnuory w¢ b#d¢ larcwLII lo A5¥1$￿TrI Curale. FT Alan Rinirnrw at ihe L'4)mpletion of his tim¢ wlih u%. The parish wa5 8rcaily blessed by hi5 minislry And cnjoyLd WaiLhing him Rrow In conlid¢nL¢ ncw wc&l. A pres£nia(iffl was made io hirn io thank him for his time licre and Iv wish him well hi¥ muvc lo bcconK As%i%iani Prithi ai All Sainix, M4rAArei Sirect Ilix tnuyc ha5 W¢ ww liavc Ju￿1 piicsi &ming h¢re *nd li c8n be a chèllcNBc (u fiDd cuvcr for if br Philip tA qway. W¢ ar¢ v¢ry Ern¢¢ful io nei¥h￿￿rin& Ilergy (OT providin8 ovcr. Fr Philip rLLLiveil Lh¢ honwr i)f b¢in8 a￿￿71n1¢(l Prcbcndary of Si PiiuI'% ('.&Lhedral hy Bi%hup of Li)ndon. rlnd in May WaA inAiall¢d in lh¢ PrCI￿nd￿l slull uf MApL'sbury in ihc Lllihcdral Qyirc. In July Ihu DiuLc4r rcjn.iialcd ihc purihh tull incumhcncy rA)Ai. The Kason ()I' Lcnl Iradiiiiinally bc¢n th¢ lime when we huv¢ urrcrcd i?ptx)riuniiie% far leErnin¥ gruwin8 in fBiLh. In 2023 w¢ offered a %rrir* (jf '(￿-11n¢. pre.4cDl#liiin% on 'RLddin% St Stephen'¥' I1￿king at p￿rIlL￿1&r 4re4% ¥nd featUrc￿ nl Ihr ch￿[Ch builJin¥ li ¢xpreAic% ihe btli¢f wc shur¢. Thi5 Way ot l¥dmin¥ wuy wcll rL'ccived. and Ehc %hun VI￿.0$ lor ¢a¢h Kygiw rcmAin Dn i)Dr YLrtJTub¢ silc. As well u$ our lor41 ri)1¢ lor ilic li1rn￿UnIiY who KHihcr ai Si Stephon's w¢'r¢ Al$0 u%¢d ds a Raiher¢nÉ w)jlll ((Ir nalii)Nal cvcnlF by %cvcrul ol'¢he unnulll RwuiLin Mll%% in Nvvcmbcr. W¢ ul$0 WLIL()ThiLd thl. Guild ol'lh¢ ScrvAnL4 uf ihL' SanL(uary fvr iheii ¥.c$iivdl in April. Fi)Il¢)win¥ uur Huly Wcck And Eo%ier Lcl¢brHIith¥ wr jiilncd th¢ na11vn in rnarkin8 the C.oronAiioTr ol. Hi% MAje%iy King Chirlcy TIT. nn th¢ day ftEr Ihc Lorunaljon ilKif wc ￿ld u SPeL'ial Mu%s ¢)I'Thank%8ivini Jnd a putt8h lun¢h wai %crv¢d 8fieYw&r&¥. Thim li a gmd ￿l￿t in thc R¢pvrl 111 pay Inhuie lo the wuy In whiLh mujiciani hllve ioniinued iu ¢nhanL¢ wr woNhip Th¢ qu*lily Of mu%iL wc rcceivc Sunday hy Sunday IA excep11(In￿l. and in 4dJiiion 10 Ibe%e oEhL'r mufiicDI highliBhtx hDvc includcd liiurgiex on Ihc evcninzg of Advcni Va$%i(xi Sundays. The mu8iL ix leil by Grelury DAAI. he w¥k a¥%jiicd by Chriil{Iplici Hdrnillim whil Liimpldeil hii iimE wilh ui in Scpcmber. Wt afc dL.li8hied Iv Welco￿1¢ Samucl JunL'% (XLT OTBan Sch(>IxT. MTrd hix timL Wlth u5 beg*n in S¢pi¢mbcr 2023. WL Lilill1rtu¢ iu hth%i iunueris ind pcrfurM4nicx Ib¥Oub￿￿i the year flir viliiing ur£he￿lf￿& and Lhnirs. and in 2112.1 li Wax pjrttculurly 10 welu)rne Thc KinE'$ Mcn Iihc (Tcnilemen tsl. Ihe thoiT of Ktn8'% r.iillexe Cambrid8e in July) and The (.,￿)r￿ wlw ptrfurmcd & L'iin¥ert fr( Ju%1 bEforc ihe Coriinaliun in May. Za23 wus ulJu marked by iwo ¥ad frith uur ¢ummunily wilh Ihl. dL'Jlhs uf Anihony Gurdner dnd Ros% E8cnon. BoLlI Anthony &nd h# madc ou15￿nding coniribuiionR Lll lkne p&rish ovcr ihc year%, And brtih had scrvrd 4$ Lhur¢hward¢n8. Anihimy lcd ihr pariRh ai a limc (>f turbulcnce in Ihe mid 19411,%, and iy re￿inher￿d for hi% waTmih. kindne%.4. deep devoiiijn and lTrvc nf aur T.iird his ChurLh. Ri)x.4 f#iihfully ¥cnily bctvcd ihe pari￿h for M4ny years, and nfforod ￿￿pptIrt Rnd wiidom 08 A PCC rncrntrKr. TTuNlcc and Warden. M￿Y Ihcy re￿ in Pcacc. ST STEPHEN'S PCC AThnu*l Report vlthe PRrorhlg1 chU￿h CouDrll Fvr tlK YeAret*led JI Dttomber 24123 F1nan¢id R¢vlew Tulal receipix nrdinary UnTe4lricled aTrd ruiriLi¢d fllnds are £438.644 12022. £585,213) ex￿ndiL￿re li £409,57012022- £593.5741. Tn 2023 plunntd gJvinE £15.630 {£14.U(X)l in 2022). Lmse collecii(>n money w45 up 8118hily on ihc pT¢￿oU5 y¢ar£il.5Y) 1£7.675 irt 20221, planned BIVLn¥, d￿￿[1￿￿& and appral8 ￿r¢ L15.6¥U12022 14.WOI. INLUML fn)Tn hirin¥ ihr Chuich land HHIII lor L'unceTiS and rthcar8DIs conlinu¢$ io imwvvr. fulluWinR Ehe plndcmic and completion of ihe t￿lIding work 81 £50,161 £38.192 ill Z0221. Th Pcl Loniinw io lJeThefiL In>m generous 8Tants from Iwo iru%l.i as5(Kialcd wilh Ihc churLh. wcll Brwi %upw)rting the mllAlC Irnm Lhc Old Poisum ProcUC￿ TTUhi. This year thc PCC bEnc[i￿1 fruD) athbLiOJLAi grants from St Stephen's Housc IGlouce51cr R￿d) tAd £4)7.746 (2n22- £325.4461 Iv cimnplclc Lhr Ikvrlopmtni works di the church. The PCC w&s able Lll LIHim ￿￿'k ITUllI HMRC L7.52Y (£6,592 in 20221 undcr the Gift Aid SeheThe and £5R.()85 12022- £3.6(K>lrccl&itned VAT thivugh Ihc Lisird Pluce& vf W￿Ship Schen ILPW51. The PCC madr an Insuran￿ ilaim Ivlluwing a break-in for £9,103. Tn 2023 £97.646 (2022_ £325.7771 wL% %FKnt on dEvrlvpmchi w(Irk ￿nd a&wci&Lcd proftsgion&l re￿. Thc PCC cnnlribui)on (o ihc l)1￿c5A￿ 4uoia 2023 tv £82.4591£61.34 in 211221 refl￿.[1￿￿ ihe Lhdnged ilaius ol-lbc paribh frDm a bAlf-time IllLumhency its a full.iime Plk%l. The oiher giRniliLani ii¢M% III cx￿nd1[￿TC thc Llk4l uf tumrting And m*iniainin8 the building £53,786 1£34.272 ill 2022). mKh ol ihis incTe&sc bcinbi cy￿ni1￿1 rtPAi l(Tr ihE T(xifii) ttiake ihe church WdlL'rii¥hi.' Ihc cli￿( music Ri ￿¢T¥1￿c4 £51.804 1£43.638 in 2￿22) And %lurr£28.(A)A 1127,354 IN 20221. Thc tr.c J150 U5cd moncy frotn thc LPWS loundtrtakc rcdteorntion ol p¥ny uf th¢ Sllnitwry th¢ re5toratian (If iwo puinrinB¥ Rnd Ihc octa8￿4[ vcslry 14bl¢. Ov¢rull in 2()23 ih¢ suTrlus ftsr lh¢ y¢ar ix I2Y,I)74 {21Y22 dcficii £11.1611 Icavin8 a ncl accurnulalcd yurplui of £02.495, Relerves wllcy The PLL aimi knld & rcx¢rvc vfal leuyl LlS,IKMI in unresiricied funds 10 cover¢m¢r8tncy sli￿lI￿n¥ ih#i m#y •riFA from Limc lo lime, Th¢ n¢1 Lurr¢ni unreAiri¢ied r¢k¢rv¢% ¥r¢ L62.52412022 £31,421). Approvtd by ihe PC.C on 12 May 2024 *nd %lMne41 Ihelr b¢h4ifby lh¢ Rcvd Phlllp Barnej (ChHIrn￿ThI. Revd Phlllp B&rhEM STSTEFItF.T4'S PCC AP4NUAL REPORT AND FtNANCJAI. STAITMENTS FOR THE YEAR TO THE 31 DECEMBER 2023 STATEMENTOF ThUSIFS5 RFSPONSIBIUTIF Membux nf th¢ PCC are requiTed by thechllrch Rcgulirions and ihe Chllriiies Aci 2011 to prepare ftte4ch rLnaAciai year whiLh ¥iv¢ u Ituc and flir view of the itate of affain of ihcchu￿h andof its tcsults th￿ Y￿r. In tho acrounts. EhE EnLsiees Are rtqUiTrd ¢p.' (al se]eci suithble ￿¢￿￿tIng poli¢les 4nd apply the]n c(￿liS￿ni[y. Ibl mak¢ judsemenis hnd c51im41&i ihBt Hre reu81)llAbit and pNd¢ni'. {cl prepar< ihtt a¢¢mprK nl IhE Si&icmeni o(I'inallciBI Aciiviiiu. th¢ Balanca blwei And the rclAied no*s. Thi% Rcy>TL LR made iol¢ly LO ihe TrhL4lee8 of 1hcch￿r1LY buJy. As members olihc FCC yuu arr rupuhsiblr for the preparation ofihe aCLounl% and you c(￿51der Lhai an audit is rcquiTcd for Ihis pCrI￿ un¢kr ￿¢11<￿ 144121 ofih¢ c.hkrlii￿¥ AL'L 2()1 I Iihc Acll and Ihal Indeptndtni cxaniinaiim 1$ nc¢ded. txamine Ihe accounw u￿d¢[ ¥￿11￿n 145 of ih¢ 2011 A4'i', Direciii?n% givcn hy Ik Charily Cumm15xiiin U￿￿tr SCLliuty 141 l5llbl of lh¢ 21111 AL%-, 10 slu1¢ whtiih my uikniion. ofindEpendent exwhdner'¥ rvport My cxamin4t11￿ was ¢afficd liui in uLL(IrdanLC wilh ih¢ scN¢rul ¥ivcn by th¢ Lhariiy Lnmrnikxinn. An cx4min#ti(kn inclu fL'Yi¢W ofihL' ￿kIlU￿11￿￿ rcLurd¥ kypt by ihr Lhdfiiy and a LunipdTi%on sc rcLords. IL a15u on5id¢Tuli(Jn vfllny unusurLI ilcms I>T disLl1IsurLX In Ihc accounlJ. und yeekiny rAplsnuiion8 tram you 18 INsicc% concerning any %ueh mBtier%. The PTocedur&4 unileriHken 4Jii nai providc all IhE ¢vithn¢¢ th41 wauld k r¢4uir¢d in an #nd iunh¢guenily Mi opinion is ¥iven ￿ 1<1 wheiher Ihe acLuunl¥ Pr￿C￿l u Irue and lair ￿¢w, #Dd Ihc repori ix limitEd 10 IhoK n￿llErS 5cI uui in ihc ilaicmcDI below. IMdeptndtn¢ tXIn￿￿er.* #twltmenl In ¢i?nncclion wilh my ￿￿mInUt1￿m. mailer has ¢omg li) my Atientian.. 11 I whirh Bives mr r¢¥¢)n*ble iu beli¢v¢ thAi in mHI¢Tial rripwl Ihr re4uir¢meniA', 10 kxp #¢¢fNniin¥ r¢LNds in accordince with 8CLlion 130 of the 2011 A¢i', ¥nd lu wi'p4r¢ whiLh aL'LX)rd wilh ¢hc acc(yJnlinB rc¢ord* ￿¢j ¢i)mply with ihE ULLl￿ni1n% rc4UITcmenih of the 2011 Aci und vliib the mtihthlx principle￿ ntlhe Siatemeni uf RccU￿￿L￿dCd PrllcliLe IFR51021 Ac¢iiunlin8 R¢ptrtin¥ hy ThATltie%. huvc bren mel: 1211# which in my opiflion. fillcrt(ion should bB drawii ill orthr to enabl¢ 8 pr(yEi und¢yNi¥ndingofth¢ Chrislryher Sule LhBrtercd Accountll￿1 IICAEW) Jnc. BusinLss &)luiions 1.imiied 24 Uppcr Hall Park Berkhamsied HP4 2NP 12 May 2024 ST STF.PHF.N'.S PCC STATEMF.NT OF FINANCIAL AcfivITIFS FOR TIIF. YEAR ENDF.D 31 DF.CFMF.R 2112J 2023 2022 No IJMrEJITicled Rtstrlctcd Funds Fund Trtal ID22 Tothl 2023 INCOMINC. REtyOURCF.S Volunfary I￿￿m¢ AcLiviiieK GeneruiinB Funds InL'ttme fr(Kn InvcAEmtht Incomc from Church AcLIYiUcS Total Int￿mIng re5uurr 336.710 511.561 56 .l)Y6 395.423 43,221 379,931 542,652 5Q.5fi1 56 8,U96 4.346 4J8.644 58.1,213 2b RFSOIIRCFli F.XPENDF Church Aciivilir Cl￿1 ufL7rncraliii¥ Fund¥ Ptolc%iional Fe GTrvcrnancc Coils Tot￿ r¢￿vr￿¢* txpefided 342.868 7.67 12,4311 17A.81R 525.718 14.927 12.430 51,1()5 3b 7.250 3(￿,110 43.221 4(Y),5711 193.574 Nei IneomlnillwlRolnRI mourcta 29.n74. Net Mthvemtmt fnr the perf 29.074. 19,074. TOTAI. FUNI)S RRour.trr FORWARD T()TAI. FUNDS CARRIFTr FI)RWAKD 41.782 33.421 62,495 62.4Y5 Nn Kpar#ie Rtsiem¢ni ofTiilHI RcL'Tr8ttised Gains and LoAsek h#1 prtlenied ￿ Bll BainA And h*vc becn deali with In Ihc Sialctnenl of FinttnLi#I Aciiviii The Mei nvvcmcni in fundx for ￿ ycllr Ariio from the ¢knriiy& conlinuin& nper#ii(Mi. ST STEPHEN'S PCC BALANCE $HFTh,T AT 31 DF.CFMBER 2•23 Nots 22 Tollll Total 2023 2022 Ilnrtsirl¢ied Rt¥lrlit¢d Funds Fundi tNVRSTMF.wrs CVRRENT ASSETS SivLk Dcbtori C&%h ai hAnk and in hiThd 12,702 59.934 72.635 12.71)2 59,934 72.035 12.672 14,￿3 47,5Y5 LF&4 CIIEDITORS.. Amoun1& falling d￿c Wilhin one y¢Ar NET CURRENT A&Srn ILJABII,ITIFSI I 62.495 (>2.491 33.421 TOI'AL Abk%ETS LESS LURRENf I,IABJLITIK8 62.495 33.421 CRRDITORS.. fallin8 due aftrr mure ihon one year Bdnk Inon NL'f A&SETS fi2,4Y5 (>2.4Y5 33.421 VUNDb OVTIIF CHARITY Untt%Lr1C￿d Funds (icnerxl 62.495 fi2.495 33.421 k¢$i¥i¢i¢d ineDm¢ Punth 62,49.f 33.421 Th¢ic lin¥n¢ial ¥lNiem¢niA have bccn prep￿r￿j irt accorddn¢e wlih Ihc provisionl uf i #nd Repi?rtin8 hy ch8riiic¥121M)YI. C'L(￿111￿¢ Thu¢ finAn¢iil hial¢M¢n￿ wcrc Dpwoy￿J hy the Parrthi41 ChtsrL'h CCNJ￿cil are %i8ne41 uuihrriKd for iyiuc on thcir b¢hlllf by.. R¢vd Thlllp ￿rneS 12 M#y 2024 Ch￿rman ST STEPHEN'S VCC NaTK8 TO THF. FINANCIAL STATEMENTS For the Year ended JI DEceinbEr 2023 JI ACCOUNTING POLILIF BASIS OF ACCOiJNTtNG ThL' fiDaKial %Ediemeni% havc been prepared undet the hi%1￿iCal Losr convention and in a¢cordJnLL' wilh Ihc ChurLh Accounting Regulation%. and upplicable accountin£ $i&ndard% 8nd Ihe 51aLcmenl uf Reiommcnded PrACtice. Aeenuniin¥ and RrpDrling by Chanlie8 I2￿5). FUNI)b Grneral fund% reprcgeni ihe funds of the PCC ihai arc n()t 5ubjeci io any re&tri¢iior¢i regarding their are available far applic￿1 %)n Iknc 8cnErJl purp(>Ks (>f rhe PCC. TheAe ItlLluJt (und5 d¢si8n81￿ fix PdriiLulir Purp￿*eX hy th¢ PCC. The purp()Ke (>fAny ￿￿lfiLled funds 1$ n(Aed in ihe account&. The Acc￿j￿tI inLludr IransailiMA. uMct& &nd liahilties fijr whi¢h lh¢ PCC ¢aty bc hrld r¢spoTrsible. They th> nni inilyth lh¢ 4c¢ouni% or C.hllrLh Gr(￿￿ ihai an arriliaiirffi ts> annihcr b(yJy nor Iho%c ihat are iThf(Jrnial 8athering% of ChurLh INL'nME PI)LJLY Vuluniury inc(>me inclllding dun&iions ind £iBnts Are rt¢O8niAed where ihcrc li ontitlmont. L'ertainiy of reeeiN and Ihe bmthunl L&n hc meuAui¢J wilh Auffi¢i¢nl r¢11a￿li1y. AmL)unts reLtiv4ble undCr¢tsvena￿l arc rccoEni¥¢d only wh¢n honouNYJ by covrnunkr. Incurninx re%uur¥e% frijm trix reLl&ims fuT Clift Aid ￿re includcd in ihe Sal,A wh¢r¢ Ihe¥e ss enti11c￿en1. Lcrtulnly of rcceipE And ihe iimi)UllL cuTh bc Thie4xured wilh sufficicni feliuhilily. fjrunix gnd l¢E#¢i¢% 4r¢ ￿l[l￿nted Ivr ax a% Ihe PCC n(Aified i)r IL% eni1llL.n￿nl und ihc likcly dur. I'und% rai￿￿ hy ihe f¢tsiiv*I and iimilar evcnl% dre UiLnunlcd fw irwh. alcy of and nl¥gA7in¢A from ChuNh l¥nok%thll% ure aLL.(￿nted ltir 8rNs. Other ibrdln•ry IncomL' R¢ni#l in¢ome fmm leLliTr¥ vf Lhurch pr¢M1￿ IA 4¢¢fAJn*d when recti￿d. PArtthiAI fo¢$ duc IL> Ihc PCC f(K wcdding%. lunor#lx rtL Are iccwntsd fiw un cvcnl by eveni h4NiA. 1nv4¥tn￿nI Inc¢xne Dividcnd% and intereBi Hr¢ #c¢ounied f(>T whcn due. Tix reLnvcr#bl¢ on iuch in¢iimr is ￿Crucd for (¥n the huxi&. RFSOURCLS EXPFNDV EXp¢ndilu￿ 15 fcLosniKd on 4n #c¢ruo1¥ b41iA liability is ¢ncuTrcd. Ch*fiiabl¢ cxpcrtdlLUfC compri5cs thik%t ¢tr818 in¢urr¢d by Ihc f.harity in ihc d¢liv¢ry ofihe aeiiviii¢i and A¢rvi¢kq fnr itx IxnefKiari¢s, Ti ineludei ￿1h irt ihcm. AII CQSLS are all(Ica￿d beiwccn ihc rxp¢ndiiurr colcgoriu ufthc SIDiemcnt iifFinanii41 A¢iivi11¢4 thn u ha4iy drJi¥n¥J lu renL'CI thc u8C f ihc rr%(NJrce. Cvsli rclalin¥ io a pDrticulor ailtviiy #re alloL*ied direiily. othe¥s &lloL'Hie4J vn ¥pwopri¥i¢ hlis, ACCQtTrirINCI FOR GRANTS AND DONATIONSi rrrantx CifAntq and lknaliuni are E¢wunlcd lor when the poym¢ni be£n mid¢ ur aulhoriNed and puymcni. Co81$ dire¢dy relaltd lo thE Wotk of the Lhurch The DiLwall 4uoi& 1$ 4wnllntEd fpT whcn PByabie and ttny unpllid ai 31 r)tr¢mb¢r 21J23 IN 8h(Trwn a& 4 crediinr Ln ihe BdlanLe Shttt. ST STEPHEN'S PCC NOTFS TO THE FINANCIAI. STATF.MENTS For lh¢ ye4r ended JI DeiembeT 20LI FIXED ASSETS Consecraied l•nd 4nd bulldlny llnd mDVAble Church tknmlihlny Ci)nstLrated and bcnL'ficed prowly Is eicludcd froTn Ihc ar¢uunL% by % Y6(21(cl of tht Ch￿l￿eS Aci 1993. No valuE is plawl ￿ rnovablt thurch furnishin85 held by the ChurchwaTdclls Oll 8pccial Irusl for the PCC ahd which require x faclllty for di%￿%87 since ihc PCC cwsider% ihis in be inalicnAblc pruprrly. All cxptndiiufe inturred dllriDi th¢ yw on ¢ons¢¢YaLal or bcnefKed l>uildinsA and TnOVDblc Church fuTn1￿h1I7&s. whether m&intenAnce or improvemeni, 15 WriIEen off. LuitItYNT ASSRTS Amounis 0¥Y1￿$ io Ih¢ PCC in rc%pBci ol"fecs. rcnts ￿ olhcT inC(Knc are as debtorn lesi Any wovision for amountg rnlly provc unrLYow¢rAble. u￿rt11neLed fuThdy Hre BvBilabl¢ for YJE Ihe discrctiun uf Ihe Membe￿ rfih¢ PCL furthcr&nce of th¢ 8cn¢r41 obj￿(1v￿ of ihe LhAriLy. Re%iriL'led fundh Are Nubjec￿ rC￿1￿cti1￿A Ih¢ir¢xp¢ndiiur¢ imp(IW by ihc th)ni￿ are ¥exregotcd far LhBI &pccific purpoK. JNLaMtNG RESOURC'F Unrt¥lrlrttd Rtilrlcied Fun T￿￿1 2022 Tothl 2023 I YOI,UNTAR Y INCOME Pl￿n￿ed fiivins 15.031) 11,6111 14,(MYJ S,599 2,fi82 yio 8,5 2.682 910 4,Y7 rr A1#n leuvini li CIWD 52fi 4UU 7.529 58.085 4(X) 7.529 5S.ViIS 4UO 6,592 rntthv¢rabl¢ LPWS 94.361 94.161 17,2 ly 36,(XK> 35,6(M) St 5trphen'% F.ndvwmEnl TnMie¢% Si Siephen'% Tl¢iuxL' Admini%iraiive Sllppi)M Grani 3fj,0(¥J 21,51M) 211,nnn 7.?21 D¢v¢lopmrTrl GrAni 96,746 218,246 fy.746 325.446 2fi1.4fi7 487,946 43.221 Old P05¥u￿ TnJ$i 15.IXMI 15,(XKI 15.IXMI In%urance Claim 9,103 9,103 2.416 TOTAL VOLuNfARY INCOMF. 336.710 43.221 379.931 542,652 io ST STEPHEN'S PCC NUTLS TU THE FINANCIAL STATF.MRNTS (Contlnued) For thc ytar ¢nded JI DeCem1￿r 2023 Unrfslrlrted Reslrlcted Fund TolAi 21J21 Tot&1 2023 2b) ACTIVITIES FOR GF.NERATING FUNDS Church & Hall I£Llittg TOTAL 50.561 50.561 51).ffil 38,192 38.192 2c) INCOMF. FROM INVFSTMENTS Bank lThrere51 REvalualii* of LBF lund TOTAL 56 56 23 56 56 23 2d) INCOME FROM LIIVRLH ACTIVITlbS 471 850 3.575 3,024 4.22V MusiL' lThLome Ulh¥r In¥onJ¢ 3.575 4,220 T(JTAT. INLOMF 395A23 43321 202J Unre¥irlcted Reslrlctid Fundi Fund¥ 43¥ 644 s￿,212 2022 Tol41 202Z RLSOIJRCLS VXPF.NfJF.D CHARITABJ,11 ACTIVITIV4* TolMI 2023 l Lhurch AL¢lvll 1)111LesMn Cvmmon Fbnd 52,147 30.J12 42,4.511 64,3 3Y 2.232 Mini%iry Sup￿rI OffiLf Church Ileuling & l.i8hiini Church MainieTrdnLC & R¢pair Chllych Minnr Wark Chvrrh T)¢￿lOp￿￿nI Wowks Tn%ur4nc sEcri￿tY Muxi¢ vcritt.￿ 8dlary & Fttx VcrBcrfh Flai Ex￿n%eX Ru%% FKerii)n CXi&LC General Expcnhry Sub3Eriplons & f.hariioblc (trlvlng Bioukwo(wJ peciul F.veni C'ttierin8 Fr AIAtt leaving sifi ChrJ% HarnilLon Tnsur4nL't Claim Bank Charg¢5 3,929 32,169 46.984 81,216 9,943 4,185 51.804 32,16Y 4fi.984 16.434 85,21fi 274,672 9,943 9.474 4,885 J,V7.1 $1.804 43.638 21,658 20,454 4.322 4,2U¥ 4.18fi 4.312 4.186 4,510 2,6￿? 2.802 3.107 7A() 2.996 910 2,996 91 1.4(M) 6k J42.868 259 35.971 378.838 525.788 Churih Hall ExFn* PL￿ll(lEY 7,250 2.546 7.076 2.546 14.Y27 2.145 7,25 3cIProfc￿ion1] FeeA Arthilccl PrnperLy ConsullaTri Lixhiing d¢%ign 8,602 2.7 8.602 2.71X> 29.217 8.100 13,788 12.430 ST STEPHEN'S PCC NOTES TO TTIF. PryNANCVAI. STATEMF.P4'rs For ihe year ended JI DeetmbEr 2023 IC•ntlnwdl jd) (yovern&Mcc Cwts IDdcpcnd¢niexaminrr 3.375 3,.175 3.375 J.375 Unrulrlcttd REblrlctsd Funds Total 2022 2023 41 STAFF C.QSTS WaR¢i & %alari¢s F.mplvyeri NT 21.658 7,250 27.354 21,658 ?,250 2X.908 27.354 T)urins the ye8v the PCL employed 2 meTnl*N of Ststtai fy tsal•ry Iw Lhan £40,(m￿ p A. Umr¥4rleted Rejtrleted Funth Fund Tolal 202J 51 INVRSTMKNTS CBF In¥￿[Men1$ R¢v41u¢d Ai 31 D￿rnber 1023 Unr*Ytrlcted Rulrltted Fund% Fun T￿1￿1 2n22 fi) DEHTOK8 To¢•1 2023 OuiKiundin8 hir¢ invoices 47 Murlo&% Rnix E8trLnn eiiuie p￿paYMe￿I% in rL'spcci ur£￿YrIllhI fees Ulililie 4.733 3.432 2.536 i?..?u?. 12,71)2 6.536 Clhrntrlcied Rutrfjctod Funds FuThd• Tul*l 2021 71 LREDJI'()R Tntql 202J A¢¢ru#l> flir #ccauniing feel Di[￿1(￿ nf Mvsi¢ f¢¢$ r)IliLeie nFiA)ndnn r)tf¢rrcd inLiirMe charl￿ble Giving 3,.J75 1.265 J.5(￿j 1,2fi.5 .s,(KM 10.140 9.640 As&tJi Du23 81 RFtsTRICTVJTr FUNDS Ai At 01 Jlln 23 R￿eIPts Payment Trqnbfc S Slcphcns Fnthiwmcni Trusl S SIEphen'6 Hivjse 36.ll￿ 135,9711 7,221 17,2$01 43,221 29 UNRESTRICYKD FUNDS 3Y5.423 1300.3%UI 62.4Y5 TOTAL FIJNDS 438,644 1409,5701 62.495 Uhrt51tlcted knitlctld Fyt Fund8 Tol 2022 YI ANAI.YSIS OF NET Ab?iF.T5 BY FUND Tot•1 2Q23 TnyO￿lmenl& Curreni aS￿S Crcditor5 1)uE withitt on¢ year 72.63.5 72.6J5 47.595 62.41)5 fi?.495