Trustees Annual Report and Financial Report
of
The Parochial Church Council of the Ecclesiastical ParSsh ol
St Dunstan's Church, Mayfield
High Street, Mayfield TN20 6AQ
p.)g￿£ter￿d ,' i-;A."-t/ I
For the year ended 31st December 2023
CONTENTS
Page
Trustees annual report
13
Statement of financial receipts and payments
14
Statement of assets and liabilities
15
Notes to the accounts
24
Report of the independent examiner
field.or
Website: www.Stdunstansma￿￿.uk
Incumbent".
Fr. Mich3el Asquith
The Vif arage H1¥h Street, N13yCield TN20 68E
Independent Vinceiit Blake. The Old Farmliouse. Town Row green,
ex3miner.' Rotherfield TN6 3QU
Banker5.'
National ￿leCtmEn1teT Baiik plc 89 Moiint .5treet, Tunbridge
Well% TNI IQJ

St Dunstan's, Mayfield
Trustees Annual Report for 2023
Administrative Information
The Parochial Church Council of Mayfield & Five Ashes was formed as a combined entity in April
21)06. It is part of the Diocese of Chichester within the Church of England. The Parish is a Charity
and was registered as an independent charity with the Charity Commission during 2009 (Registered
Charity Number= 11320011. It is governed under the powers of the Parochial Church Council
{Powersl Measure119561 a5 amended and Church Representation Rules as amended.
During the year April 2023 to March 2024 the following served as Member5 of the Mayfield & Five
Ashes Parochial Church Cotsncil IPCCI:
Ex-officlo Members
Incumbent
Deacon
Fr. Michael Asquith
Revd. Di Blackden
Chairman
Elerted Members
Churchwardens
Stephen Blurton
Stephen Lawrence
Deanery Synod
Emma Ryder Richard50n
Denise Packham
Karen Mack
Ordinary Members
Robin Hollidav
Emma Ryder Rlchardson
Anne Clayton
Karen Dines
Lindy James
Guy Mantoura
Tim Reid
Roger Salwey
Sue Smith
Treasurer
Acting PCC Secretary

Structure, Governance & Management
Membership of the PCC is determined under the Church Representation Rules and conslsts
of certain ex-officio members; Churchwardens and up to 4 members of the Deanery Synod,.
plus up to 10 members of the Church who are elected by the Annual Parochial Church
Meeting IAPCMI- Members are warmly encouraged to stand for election to the PCC and a
balance of skills and experience is sought where possible.
The full PCC has met on 7 occasions over the calendar year. Meetings were held in London
House in person.
Additionallyi 7 Standing CommFttee meetings were held to prepare the Agenda for the full
meeting.
Our aims and purposes as a charity
The PCC has the responsibility of maintaining the life of the church and to co-operate with
the incumbent, Fr. Michael Asquith, in-
The promotion of the gospel of the Lord Jesus Christ according to the doctrines and practices
of the Church of England:
Promoting in the parish the whole mission of the church, pastoral, social, evangelistic and
ecumenical.
To know Jesus better and make Him better known-
Practical support and care for people in the parish, from the youngest to the eldest,
irrespective of level of need or, ability to pay,.
Providing financial support to those in need and. to other organisations with similar
objectives.
The PCC also contributes to the provision of services at the Cottage Hospice, Five Ashes.
What we planned to do to achieve our charitable objectives
When planning our activities for the year, the PCC ar*d the incumbent, have considered the
Charity Commission's guidance on public benefit and, in particular, the specific gL6idance on
'charities for the advancement of religion,.
The council has complied with the duty under section 5 of the Safeguarding and Clerbry
Discipline Measure 2016. fully recognising its duty to have due regard to House of Bishops,
guidance on safeguarding children and vulrierable adults.
For this year we discussed and planned the following objectives and activities to fulfil our
aims..
Enabling as many people as possible to worship at our church
Enabling as many people as possible to become part of our parish community
Bapt15ing and nurturing new and existing believers
Maintaining an overview of worship throughout the parish
Provision of teaching on religious matters
Considering how services can involve the many groups that live within the parish
Putting faith into practice, through prayer and scripture, music and sacrament
Offering worship and prayer, learning about the Gospel, in small groyp situations

Assisting people from all walks of life to develop their knowledge of, and trust in, Jesus
Provision of pastoral care for people living in the parish
Providing assistance to the poor and needy of the parlsh
Glving grants to missionary organisations
Reaching out to the unchurched through provision of offering food and fun at Harvest
Maintaining the fabric of the church building as a historic centre and focus of life in the
village.
What we achieved and how we affected beneficiaries, lives
Attendance at worship
The church family welcomes visitors from within as well as outside the parish boundary.
Visitors attend by personal choice and, it is our great pleasure to welcome anyone from all
walks of life to take part in the life of the church. We contend that voluntary atter¢donce to
worship the Lord Jesus Christ, is a major demonstration of the public benefit of our
activities.
Last year we prepared a parish plan to cover the next few years entitled 'God's Church, our
Future - Expanding Horizons, to stimulate ideas for growth. During 2023 this has dovetailed
with a Diocesan inltiative named 'Great is thy FaithfL*lness' whereby we were invited to join
a pilot scheme under the leadership of the Diocese with the nearby benefice of Warbleton,
Bodle Street and Dallington. This comprised a group from St Dunstan's regularly meeting
with a similar sized group from the benefice to discuss topics and issues relating to change
and growth with regard to country parishes. As an ancient country parish. it IS quite natural
that we have emphasised the pastoral ministry but the great challenge to aging and
conservative congregations like our5 is to shift this predominant mindset to a more missional
way of thinking so that we can reach a wider, younger and more diverse group of people.
The course emphasised that context is extremely important and that consequently change
and growth come5 through small incremental steps. This has therefore underpinned the
thinklng of the PCC over the past year.
From our mission statement return to the Diocese, Easter seNices attracted an attendance
of 202 and takin8 October as a representative month, the average weekly Sunday and
Wednesday attendance, counted during that month was 85 adult5 and 5 children12022- 78
adults and 6 children). Choral Evensong attracted 38 on the fourth Sunday of that month.
Our Christmas services for Christingles, Midnight Mass and Christmas Day attratted over 722
worshipper5 of all ages, surpassing handsomely the previous yearfs high figure of over 500.
Additionally, we hosted three schools for their Christmas services that attracted 730 children
and adults in total.
Taking the year as a whole, although the electoral role marginally decreased from 154 to
152, we estimate the worshipping community has risen from 95 to 112.
Teachlng 8èptlsinE and nurturlng new and existing bellevers
During the year there have been 3 weddings, 2 baptisms and 20 funeralslburial of ashes and
2 confirmations. 16, 4,10 and O respettively for 20221. Sunday Club operates most Sundays
with teaching of Christian principles to the young of our parish. In October we ran a three-
part course over three consecutive weeks entitled 'Hope Explored,. Through video and

printed materi315, we were encouraged to look at the Christian meaning of 'Hope', 'Peace'
and 'PLtrpose'. Each eveninE session begBn with a meal provided by the church and was
enjoyed by some 20 people on each of the session5.
Evangelism and outreach
MAYFACS
At the start of the year Mayfield and Five Ashes Community Services I"MAYFACS"I, the
charity that 5etves the local villages and irnportantly the many displaced Ukrairlians in the
local area found itself with no home as its existing office within Mayfield's Memorial Hall
was slated for redevelopment. They approached St Dunstan's for help and we were able to
offer. on a shared basis, the two front rooms in our property on the High Street - London
House. This central location for them has proved to be a great success and we are delighted
to be of servite to this exemplary organisation.
Music
This past year ha5 been an '3nnus mirabilis, for St Durbstan's on the musical front. Under the
extremely talented leadership of our young director of music Jack Gonzalez-Harding, the
choir especially has enjoyed a truly exceptional time beinE invited to sing at both Chichester
and Southwark Cathedrals and at Westminster Abbey, where they sang on two consecutive
days to much acclaim from the powers that be and all who attended.
The choir also ended the year on a high. Jack arranged for them to join with an ensemble of
professional young musicians, singers and soloists to perform an immensely polished and
musically sparkling performance of Handel's Messiah in the presence of a packed church.
The high standard of choral music that the choir attained prarticing for these outside events
thereby enriched the services throughout the year.
At St Dunstan's we greatly value our musical heritage to encourage people to visit and spend
time in the church whether believers or not. We actively encourage the use of the church for
concerts $0 that large numbers of people may enjoy the beautiful ambience of the building
and appreciate the relevance of the church in village life.
As well as the church choir enjoying great success, the Mayfield FestlV31 Choir, consisting of
some 80 singers, staged two critically actlaimed concerts during the year to capacity
audiences. Both concerts involved some 10 preceding rehearsal sessions, which again is a
wonderful use of the building and we are very pleased to host them. The Friends of Music in
May*ield also hosted a concert weekend in June in the church featuring songs written by
Rachmaninov, a piano recital by Joseph Havant and the performance of Mass in Blue written
by Will Todd.
This was followed up in July with an entirely different style of concert as the local
community choir 'Mayzing' sang a medley of popular 'favourites' that proved to be a very
enjoyable and successful event attracting a very different set of concert goers.
St Dunstan's also arranged and hosted two other concerts of note during the year. The first,
in the early part of the year, given by Fenella Humphreys on violin accompanied by Jack on
harpsichord was extremely well received. Then in September Dame Emma Kirkby was
invited by Jack to give a recital of early English songs which proved to be an exceptional
evening and was much appreciated by a large audience.

As the year came to an end, we said a fond farewell to Jack as he moved on to further his
career in London and Europe.
Lent
Once again, we were able to host a series of Lenten lunches that raised funds for MAYFACS
the Cottage Hosplce in Five Ashes, Family Support Work in Sussex, Friends of the Holy Land
and Friends of St. Dunstan's. These were well attended not only by villagers but also by
people from as far away as Tunbridge Wells and environs.
A Lent course was also held usin8 materials supplied by the Diocese.
Eco Church
Eco Church is a scheme run by A Rocha UK, equipping churches to care for God'5 creation
throu8h their worship, buildings, land, community engagement, and individual lifestyles.
Durin8 the year a sub-group was formed to advise the church of ecological improvements
that can be made in the way the estate is managed and by the end of the year we are
pleased to report that the church had earned a bronze certificate under this scheme.
Other events attracting a wlder audience:
Summer Fete and Chrlstmas Market
This year we were able to stage both a Summer Fete and a Christmas Market that attracted
large numbers and raised significant funds for the church.
Klng and Queen's Coronation
The church was open all day and video streamed the Coronation of Their Majesties King
Charles 111 and Queen Camilla on Saturday 6, May attrarting a large audience for this
public screening.
Harvest
Following the success of last yearfs event, we again organised a catered lunch in church to
celebrate 'H3rvest Festival, that was attended by approximately 50 people. Proceeds from
our collection went to the foodbank run by Family Support Work, a local Sussex charity. Also,
at this time we were pleased to welcome into church the whole of Mayfield CofE Primary
School plus some parentslEuardians to celebrate their own Harvest Festival1238 in totall.
World Day of Prayer
As a church we sUPPOrt the ecumenical 'World Day of Prayerf. Thi5 year Colkins Mill Church
hosted the service and over 50 people attended from three local churches. The theme was '1
have heard about your faith, put together by women from churches in Taiwan.
Art of Remembrance
Another major service involving other churches and the Royal British Legion and Scouts was
the Act of Remembrance in November. The memorials are at the entrance to the church
from the High Street. This service always attracts a very large number of participants.
Additionally, a short Att of Remembrance was held at 11am on Remembrance Day which
was also well attended.

The Ifillage High Street
As part of the village's late night shopping evening in November, we opened the church and
bell tower and served mulled wine. This popular event attracted many people who
wandered into the church and enjoyed the hospitality on offer.
Churchyard
The upkeep of the 'open' and very large churchyard is a primary responsibility of the PCC,
but in this task, we are most 8rateful for the help received from various village organisations.
Such collaboration is an important part of our village outreach.
School Vistts
We were very pleased to welcome Mayfield C of E primary school together with parents for
special services at Easter and Harvest and Christmas. As 3 thurth we also funded Five Ashes
C of E primary schoo5 to be bussed up to the church for their Christmas service. It w35 also a
pleasure to welcome back Skippers Hill Prep School for their Christmas Carol service.
A team from the church visits Mayfield and Fives Ashes CofE primary schools on a regular
basis with their'open the Book, school assembly bible story enactments.
Provision of the church building for people to enjoy:
As mentioned, we celebrated 2 baptisms, 3 weddings, 11 funerals and 9 interments of ashes,
and 2 confirmations at our church during the year. 5t. Dunstan's church continues to be
appreciated by our parishioners and many others, as a space where life events are
celebrated with joy and thanksgiving.
It is important to us that the church is available for private prayer not just to the church
family but to the wider visiting community. To this end the church building is open during
the day and the many entries in the visitors, book testify to the importance of access. It is
notable this year how many people from all round the world have come in and made an
appreciative comment. There is also a specially dedicated prayer board for people to leave
cards so that others may remember those loved ones in their own prayers. The use of prayer
cards has increased substantially during the year.
Many remark not only how refreshlng It is to find an open church but, also the sense of
peacefulness and spirituality that pervades.
Other remarks include the sense of history within- that people of much earlier generations
found life and presence there and, comments on the appreciation of the architertural
beauty of the building.
We also have a labyrinth lald out in the churchyard as a space for contemplatlve reflection.
Church building and future projects
The one major capital outlay on the building this year was the installation of a sophisticated
alarm system to protect the roof. Unfortunately, there has been a recent spate of thefts of
lead from roofs in Sussex so this installation is both necessary and timely.
For the coming year the PCC is looking at the feasibility and funding of Installing glass doors
and or a glass porch for the south entrance. This review is all part of making the church a
more welcoming place to visit.
Plans are also being made to renovate a particularly fine 17, century plaque on the south
wall, known as the 'Aynscombe Memorial,.

Caring for the chijfch building is a constant and expensive concem. In this effort, we are
enormously grateful to the The Friends of St Dunstan's Church, for their continuin8
generous benefaction in helping to maintain the fabric of the church.
Provision of tanglble support to the poor and needy
In addition to our Lenten collections, the two main charltles we supported during the year
were lil Famlly Support Work, a local Sussex charity, that helps families struggling with
issues such as poverty, ill health, learning difficulties, bereavement, famlly break-up and
domestic abuse and Illl Friends of the Holy Land that supports Christians in the West Bank,
Gaza and Jordan.
Our Thanks
In closing, we would like to thank all those who contribute to the life of St. Dunstan's.
8ellrinEers, Choir, Fabric and Finance Committees, Flower Guild, Gardeners and Keepers of
the Churchyard, Holy Dusters and those who perform Sacristan and Sidespersons duties,
Organ Trust, the Parish Office, the Social Committee and to those who serye out
refreshments after services, Sunday Club, and finally but not least to Fr. Michael and Deacon
Di for leading worship during the year and to our fellow Trustees/members of the PCC past
and present.
We look forward to the challenges and opportunities of the coming year and together with
all members of the congregation of St. Dunstan's of being Christian salt wlthln our
community.
Trustees and ChLtrchwardens: Stephen Lawrence & Stephen Blurton
2023 Financial Review
Overview
2023 was the year when the Parish emerged from the impacts of the Coronavirus Covid-19. Activlty
levels within the Church and throughout our wider community reverted towards pre Covid levels
and this is reflected in these accounts. However, the global price shocks following the invasion of
Ukraine were fully felt over the year as energy and other costs rose sharply. At last, the rate of
increase is abating but the Parish faced significant cost pressures during the period, which continue.
Income and Expendlture
Joyously the financial support received fiom Parishioners through our Planned Giving Scheme,
ollections, and other means increased by 10.8% in the year, which helped soften the impact of the
increased tosts. This rise breaks a run of 4 years in which income had fallen. Gifts received are vital
to pay for the mission of the church in the Parish, and the PCC is most grateful to all who gave, as it
attempts to restore a financial balance of covering its annual costs from its income.

The PCC continues to be thankful too for the 5tJpport it receives from the Nicholson Trust, who made
grants totalling £6.973 in the year, and to the Friends of the Churchyard who covered the cost of
major storm damage in the Churchyard, as well as looking to contribute towards the cost of it5
maintenance in 2023 alongside the PCC, the Parish Council and other churches in Mayfield. The PCC
also received grants1£2,4901 towards the cost of installing a roof alarm on the lead church roof from
the Benefact Group and of £2,042 to cover VAT paid on maintenance costs of our listed church.
The number of weddin8s increased, and this is not only to be welcomed within the mi55ion of the
church but has a positive financial impact.
Income was also boosted by the modest letting income of London House to Mayfacs, and by
increased use of the church for concerts in a non Music Festival year. Net income from social
activities including the summer fete and winter market saw a small increase.
However, costs rose in most areas including the amount paid to the Diocese to cover the costs of
clergy, their training and support to Parishes which rose by £3,230 to £73,630. Energy costs in
London House and the Church rose by £1,603 to £10,212, almost all of the rise was in London House.
as Steps to limit elertric uses in the church paid off and the PCC were protected by a term contract
for 8a5, which sadly will come to an end shortlyl Other costs rose sharply including salary costs, and
other utilities.
Net Expenditure
The accounts for 2023 show that the PCC spent £35,751 more than it received Sn rts General Fund,
but this includes net expenditure of £6,301 on the alarm and necessary repair work on London
House and depretiation on the new audio equipment in the church of £3,282 Thus the day to dav
deficit for the year before such items shows a net expenditure of £26,168, some £4,000 worse than
2022. The deficit is paid for by drawings on reserves created by leEacies received.
Investment Performance
The PCC remains fortunate in having received Legacy income of some substance and at the year end
the General Fund has investments of £699,248, whilst the Restricted and Endowment Fund5 had
investments of £174,626. The last two years have seen negative returns on the PCCS investment
portfolio with an unrealised loss of £21,123 being seen on the General Fund but an increase in value
of £1,277 being seen on the Restricted Funds. In 2022 the Funds both saw falls in value of £10,509
and £14,387 respectively compared with 2021 figures of gains of £58,117 and £16,557. The PCC has
an Investment Committee which advises it on the management of the portfolio and the Committee
continues to meet regularly and reports to the PCC.
Restricted Funds
These continue to serve the purposes for which they were established.
P C C Charitable Giving
The report contains details of the money directly raised by the PCC for the various charities it
supported during the year. In addition to the figures which passed through the PCC books, it 15 well
aware that substantial other donations were made dirertly by Parishioners and from the donations
made at the Lenten lunches. These are welcomed by all charities supported but particularly by the
PCC charities which remained the Friends of the Holyland operating in Palestine and Family Support
Work which supports families in need in Sussex.
io

Staff and Volunteers
During the year, in addition to Fr Michael, whom the Diocese pays, the P.C.C. employed an
Administrator, a Cleaner for London House, and a Musical Director, who sadly resigned as at 31
December 2023 in order to pursue a full time career in mLtsic. Additionally the PCC contracts out the
maintenance of the Churchyard. It has been well served by them all, but the PCC is reliant on
volunteer5 in every aspect of its operation, and is grateful to so many who do so much for the
benefit of the Church and its mission, including all those involved with the independent charities
whith support the Church financially.
ReseNes
The agreed minimum figure of £400,000 for the value of liquidity in the General Fund reseNes has
been exceeded. The level required is reviewed annually, in line with the view of the extent they will
be relied upon for the future operation of the Parish. The Trustees do not believe there to be any
material uncertainties aboLrt the charity's ability to continue.
Risk Managernent
The PCC examines major risks that the Parish faces each year during its activities and establishes
policies where appropriate which in recent times included dealing with COVID.
Publlc Benefit
The Trustees have complled with the duty in sertion 4 of the 2011 Charities Att to have due regard
to guidance published by the Charities Commission on public benefit, which has been reported upon
earlier.
Lookin
Fonvard
The PCC ha5 much to be thankful for. It receives generous support from its Parishioners both from
their involvement in so many spheres of Parish life, and also financially, as it does 3150 from local
Trusts and charities. However, the major financia5 challenge remains to seek to balance the books of
the PCC on a day to day basis, SO that the Legacy monies can be used to further the mission of the
church. The aim must be to ensure there is a clear viable future for the Parish as we know It today
looking into the medium temi. The short term is secure, but the long term may bring further
pressures.
li

Annual Financial Report
The Parochial Church Council of the Ecclesiastical Parish of
Mayfield
London House, High Street. Mayfield, East Sussex, TN20 6AQ
Registered Charity no. 1132001
For the year ended 31st December 2023
CONTENTS
Page 13 Statement of Financial Activities
Page 14 Balance Sheet
Page 15 Notes to the Financial Report
12

Statement of Financial Activities
Unrestrlcted
Fund
Restricted
Fund
Éndowed
Fund
Total Funds
2023
Tottrl Funds
2022
Notes
Intomeand endowments from:
Donations
79,615
8,938
S8￿53
136,476
Charitable èctivities
4,434
6,7861
11220
10,936
Other trading attivities
22.055
24.169
21.736
Invesrments
3,544
5.90S
3,609
Other receipts
425
109.648
20.199
119A47
173.182 ,
Expendliure on:
Rais¢ng funds
Charitable activitles
126,510
18,613
145.123
138.159
Other trading activities
Major repairs to St DuTrstan'5. London
house
13,081
2.031
15.112
7,724
5,808
21.374
Total expendltilfe
145,399
20.644
166,043
167,257 i
Net gains lor losses) In year on
investments realised
8b
Ne* 5ncome or I[￿t expendilurel
135,7511
14451
136,1961
5.92S
Transfets between funds
13,8741
3.874
io
Other reco8nlsed galnslllossesl..
Losses on ￿ValUation of investments
121.1231
L277
119,8461
124.8961
8b
Net movement In *und$
160,7481
4.706
156,IN21
118,9711
Total funds brought forward
1,082,072
167,245
30,CNJO
1.279.317
1.298,288 1
Total ful￿$ carrled fonvard
1,021,324
171.9SI
30,000
I,Z23.175
1,279,317
13

Balance Sheet
Total Fund$
2023
Total Funds
L22 Alotes
31 De¢embeY
Tangible assets
282,201
286,564
Heritage assets
Endowment investments
30.(XK) j
31Z,201
30,000
Total fixed assets
316.564
8a&b
Debtors
6,760
8,413
io
Investments
843,874
863,720
8b
Cash and deposits 3t bank and in har*d
63,471
92,360
Total current assets
914,105
964.493
Creditors.. Amounts falling due within one year
13.0311
11,7401
li
Net current assets
911,074
962,753
Total assets less currÈrtt Ilabllttle5
1.223,275
1,279,317
Creditors.. Amounts falling due after more than one year
Total net assets or Illabrlitiesl
1,223,275
1.279,317
The Furtds olthe Charity
Endowment IL*nds
30,000 1
30,C
Restrirted income funds ex revsluation resetves
139.523
136.094
RestTlCted income revaluation reserve
32,428
31,151
Total Re5trlcted income FLrnds
171.951
167.245
Unre5tThcted funds ex revaluatton ￿serveS
833,559
873.184
Unrestrirted Funds revaluation reserve
187,765
208088
Total unrestri£ted lunds
1.021.324
1.082,072
Total charlty fvnds
L223,275
1,279.317
12
This Financial Report for the year ended 31st December 2023, including the notes following, was
approved by the PCC and signed on its behalf by Rev'd Michael Asquith-
Signed:
Date:
14

Notes to the Financial Report
l Accounting policies
Basis of preparation
The PCC Is a publlc benefft entity within the meaning of FRS102. The financial statements have been prepared
under the Charities Act 2011 and the Church Accounting Regulations 2006. in accordènce with applicable
accounting standards aJ)d the currÈnt120161 Statement of Recommended Prartice. AccoLtnting and Reporting
by Charities, ISORP IFRS 10211
The financial statements have been prepared under the historical cost convention a5 modified by the incluslon
of investments at market value. The financial statements include all transactions, assets and liabllities for
which the PCC is responsible in law. They do not include the accounts of church groups that owe their
affiliation to another body, nor those which are informal gatherings of Church members.
The accounts have been prepared on the Goin8 Concern basls as there are no matersal yncertainties about the
charity's ability to continue.
Funds accounting
Funds held by the PCC are:
Unrestrictedfvnds- general funds which can be used for PCC ordinary purposes
Restrictedfunds- al income from trusts or endowments which may be expendèd only on those restricted
objects provided in the terms of the trust or bequest,.
bl donations or grants recelved for 3 Specific object or Invltèd by the PCC for a specific
object. The funds may only be expended on the specific objett for which they were given.
Any balance remaining unspent at the end of the year is carried forward a5 8 balance on that
fund
Endowmentfunds- funds for which the capital must be malntained.. only income arislng from the investment
of the endowment may be used, either as festricted or unrestricted funds, depending on the purpose set out
in the terms of the original endowment
Income and endowments
All income and endowment5, accounted for wSthout deduction for any costs of their receipt, are recognised
when there 15 evidence of entitlement, receipt Is probable, and the amount can be measlsred reliably
Donations and legacies
Collections are recognised when received.
Planned glving receivable Is recognised when received.
Gift (yid recovered is recognised when the income to which it is attached is recognised.
Gronts undlegacies are reco8nised when the formal offer in writing of the funding is received by the PCC and
payment is certatn.
Charitable activities
Statutory fees for wedding5 and funerals are ￿COgnised when the off¢ce occurs.
Other trading activities
Tradins activities are where income is receivable in return for selling Èoods or providing services. Income from
trading is recognlsed either, when received or lin the case of concerts) for the Veèr in which the event occurs,
brrespective of date of receipt. Advance bookings are included in creditors until the concert has taken place.
Sales of magazines and study notes are recognised when received.
Rents from property are recognised in accordance with the rental agreements. when receipt is probable.
15

Investment
Dividends are accounted for when received. Interest entitlements are accounted for as they accrue.
All other income
All other income is recognrsed tn atcordance with the above overall policy.
Gains and1055es on investments
Realised gains are recognised when the investments are sold. Unrealised 8ains and10$5es are accounted lor on
revaluation at 31 December.
Expenditure
Expenditure is recognised when there is evidence of entitlement, payment is probable and the amount can be
measured reliably.
Grants
Grants and donations a￿ accounted *or when paid over, or when awarded where the award creates a bind4n8
obligation on the PCC. Grants recelved are accounted for when re￿Ived.
Church artivtties
The Diocesan Parrsh Share is accounted for on an annual basis as paid and reflects the allocation agreed by the
PCC with the Deanery/Diocese.
Fixed assets
Tangiblefixed assets
Consecrated and beneficed property of any kit)d is excluded from the ac¢ounts by s.10121 of the Charities Act
2011.
Movable Church furnishing held by the Vicar and Churchwardèns on special trust for the PCC and which
require a Faculty for disposal, are accounted as inalienable property unless consecrated. They are listed in the
Church'5 inventory which can be insperted but are not included in the financial stètements.
All expenditure on consecrated or beneficed buildings and individual items costrn8 under £l.000 are written
off in the year they were incurred.
Depreciation
Depieciation 15 calculated to write down the cost of tangible fixed assets, excluding freehold properties, over
thelr expected useful lives. The rates generally applicable are..
Land and Buildings
Fixture5 and littings
Office equipment
20%
Heaters in London house 10%
Audio visual equipment io%
No dèpreciation is provided on freehold buildings as the useful economic life of these assets exceeds 50 years
and residual values 50 high that potent131 depreciation would be Immaterial. It is the PCC'S policy to maintain
these assets in a continLral state of sound repair. Resulting from regular impairment reviews, provision will be
made If there has been any permanent diminution in value.
Investments
Investments are stated at market value at the balance sheet date.
Current Assets
Amout)ts owing to the PCC at 31 December In respect of fees, rents or other Intome are shown as debtors, less
provislon for amounts that may prove uncollertible.
Short-term deposits includè cash held on deposlt either with the CBF Church of England Funds. or at the bank.
16

Notes to the Financial Report
2 Analysis of income and endowments
Totol
Funds
2023
Unrestrtcted
Restrlcted Endowed
Ftsnd
Fund
Funds
2022
Planned giving Igift aided but excl. t3x refundsl
Planned giving Inot gift aided)
Loose cash collections
33.069
8,682
9,843
5,286
IIA99
33,059
8,682
9,843
30.138
9.085
8,404
16,468
11,555
747
rjonations and special appeals
Gift Aid recoverable
Appeal for Pccchariiles
Lega£ies
Grants
527
5A13
IIA99
365
365
11,236
19,282
60,079
Donation5 and le8aues
79,615
8238
88,553
136.476
Fees far weddings & funerals
4.4a4
6,786
li,Z20
10.936
Fetes. lunches etc
Concerts Itjnches etc
5,765
1.649
LZ74
7,039
6,036
2,940
so
2,489
Sales of the parish magazsne and cards etc
Maga2ine advert15ernent fees
Rent frorn10Tr8terrn let London House
Rent from hourly lets London House
Hire of church for concerts etc
s.4x)o
4.105
4,105
1,431
5.536
5,536
6,279
Insurance claim re church I￿hting
Other tradlng actlvitles
22A155
2.114
24,169
21,736
Bank & CBF deposit inteiest
Dividends
2.119
813
2.932
1.086
2,523
IA25
1.548
2,973
Flnandal Income
3,544
Z.361
5.905
3,609
Sale of piano
425
Total Intorne and endowments on all fvnds
109.648
20,199
129W7
173.182
of the grants recelved, £2,042 was re￿Ived under the Listed Plates of Worship scheme created by HMG to
provide grants in respect of the VAT paid on qualifying expenditure on the fabric of listed places of worship.
17

Notes to the Financial Report
3 Analysis of expenditure
Unrestricted
Fund
Restricted
Fund
Endowed
F￿nd
Total Funds
202
rotol Funds
20
Special appe355 Costs
Stewardship costs
Grants tosis
Investment management costs
Otherfundraising costs
Cost of ralslng funds
Charitable grants and donations
935
935
1,971
Administratlon costs
13,612
13,612
13,252
Diocesan parish share
73.630
73,630
70,4(KI
Cler8y and other people's expenses
982
191
1,173
IN43
Vicarage costs
4,307
4,307
5,321
Organists costs
8.643
390
9,033
9,158
Upkeep of services
2,498
2,905
5,403
5,782
Church running cost5
7.717
7,717
6,051
YoL*th work
1.056
1,056
$56
Church maintenance and ￿paIr and insurance
6.915
2,064
8.979
ioaoi
Upkeep of churchyard
12,128
14.128
11393
Bank charge5
187
187
162
Depreciation
4,363
4,363
Govemance
600
1288
Cost of charitable artlvltiÈs
126,510
18,613
145,123
138,159
Winter Fayre costs
981
981
811
Lrcence cost for events
1.518
2.031
3,549
1,297
London house Yunning costs
10,582
lo￿82
5,074
Parlsh rnagaz5ne costs
542
C05t ot (rthertrading activltie5
13,081
2,031
15,112
7,724
Experldituie on fabric- major repair51 renewal
SA08
21,374
Tot31 expended before pilor year items
145,399
20.6dd
166,043
167,257
18

Notes to the Financial Report
4 Missionary and charitable giving:
Unrestrjrted
Fund
Restrlrted
Fund15
Endowmenl
Total Fund5
TotolFunds
Fund15
2023
2022
Overseas:
Christian Aid- Ukraine Appeal
385
Friends Of the Holyland
Water Aid
238
73
Home.. Family Support Work
724
724
846
Hospi￿ in the Weal
211
211
145
Flower Guild
18
Known Dirnensia
73
Brltish Legion
193
Totsl
935
935
1,971
5 Staff costs
Unrertrirted
Fund
Resltirted
Funds
Endowed
Fund
2023 Total
Funds
2G2- 7uto..
kund
emuneratlon
ages and salarie5
19,455,
19.455
18,64
Employer social security costs
Employer penslQn COSt5
Total
19455.
19455
18,64
Numbers employed
3- The PCC employs an administrator, a mtssical director and tleanef for London Housè, as in the 2022. Fr
Michael is pald by the Oiocese from the Parish Share which Parishes p3Y to the Diocese.
Volunteers are vital to all asperts of the chadty. Areas where volunteers are essential are: our Deacon,
Governance, church services, Ireaders. intercessors, sidesmen, bellringers, choir members), those setting up
the church. cleaners, refreshment providers, the Flower Guildl, propèrty management including maintenance
and clearnlng of church and London Hou5@, social committee, finaneièl control and administration, fund raising
actlvltiès
6a Payments to PCC members
Fr Michael received expenses wlthin the year relating to travel costs totalling £444 and reirnbursement for
minor Items purchased for the church. ND Other membÈr of the PCC received any payment other than
reimbursernent for minor items purchased.
No person received remuneratfron in excess of £60,000.
6b Transartions With persons related to PCC membèrs- None.
19

Notes to the Financial Report
6c Transactions with related charities
There have been no payments to related charities during thè year. but the PCC has received financial support
from the Friends of the Mayfield Churchyard for repatr of storm damage in the churchyard1£3,0001. and from
The Nicholson Trust for mission costs1£6.9731. These charities are independent of the PCC but have a number
of common Trustees.
7 Governance
Unrestricted Restrided
Funds
Fund
Endowed
Fund
Total Funds
2023
Totul FiJnd5
022
IndependentexorFJinotion
600
58,1
8 Fixed assets
al Tanglble flxed assets
Freehold land
and buildin
Heaters
Lofidon
House
Audlo system
Church
Office
Total fixed
Assets
ost orvaluation
At l Januèry 2023
250,000
1.649
32,823
4,583
289,055
As at 31 December 2023
250,0
1,649
32￿23
4￿83
289,055
ChargefOrdep￿cIa1i0n
At l January 2023
Depieciation charge in year
At 310e¢ember 2023
660
1.831
2.491
4,363
165
3,282
916
825
3282
2.747
6,854
Net book amounts
At l January 2023
At 31 Decernber 2023
250,000
989
32,823
2,752
286,564
250.000
824
29.541
IA36
282,201
The freehold land and buildings comprise London House. It was purchased In 1974 for £12,500 and the
leasehold interest in a fiat in London House repufchased in 2000 for £3Q,000. After substantial refurbFshment
in 2001, the Churchwèrdens revalued the Property at £385,000, slnce when all cost5 of ownership including
repairs have been expensed. An indicative valuation during 2010, led the Churchwardens to reduce the
valuation to £250,000.
20

Notes to the Financial Report,
b) Investments
Unrestyitted Restrlrted
Fund
Ftsnd
Endowment
Fund £
Total
Martlet value 31 December 2022
720,371
511.483
143,349
112,198
30,000
30,000
893.720
653,681
of which cost
and revalLtation Feserve
208,888
31.151
240,039
015P05als at value In year
of which cost
Net gainsllosses realised In year
Net gains/1055es iealised from previous years
Purchase5 in year at Cost
Revaluation gains in year
Market value 31 December 2023
-21,123
1,277
-19.846
699,248
511,483
144,626 1
112,198
30,QQO
30,000
873,874
693,681
of which cost
and revaluation reserve
187,765
42,428
220,193
The Endowed fund investments are held as a Fixed Asset, all other investments as Current Assets.
Ouring thè year no sales or purchases of investments were made.
Investments held at 31 December 2023 were:_
General Fund £699.248
L E Ruffer Total Return Fund 'C' accumulation units-86,898.22units value £467,816
Premier Miton Cautious Multi Asset Fund 'B' accurnulation kJnits- 59,714 units, value £184,337
Bankers Investment Tru5t-46.171 shares, value £47,095
Restricted Funds•Total £144,626- Endowment Fund£30,000
Organ fund (Restrlcted Fundl-£115.793
L E Ruffer Total Return Fund 'C' accumulation units-9.553units value £51,427
Premier Miton Cautious MuEti Asset Fund 'B' a¢¢umul4tion units 15.991 units, value £49.363
Barikers Investment TrLtst-14,709 share5, value £15,003
Bruxner Randall Fund (Réstritted Fund-£30.OCKJ Endowmentl- £37,909
L E Ruffer Total Return Fund 'C' accumulation units-1,477.07 valLie £7,952
Premier Miton Cautious Multi Asset Fund B accurnulation units- 2,673 units. value £8.252
Bankers Investmènt Trust-21,279 shares, value £21,705
Fabric Fund.£4,099
CBF Fixed interest Fund- 968 units, value £1,401
M & G Charifund -188 units. Value £2,698
Graveyard Fund-£16.825
CBF Fixed interest Fund- 367 units, value £531
CBF Investment Fund1n¢ome units 721 units, value £16,294
21

Notes to the Financial Re
ort
9 Net assets by fund
Unrestrtcted
Funds
Restritted
Fund
Endowed
Fynd
Toial Funds
2023
rotul Sunds
3022
Fixed assets for church use
282,201
282.201
286,564
InvestmeTrts
699,248
144.626 |
30.000
873,874 1
893.720
Current assets lextept cashl
2.762
6,760 1
8,413
Cash at bank and on deposit
40,144
23.327
63,471
92.360
13.0311
13,0311 |
11.7401
1,223,2751 1,279.317
1,021.324
17L951
10 Debtors
Unrestrlcted
Fund5
Restrirted
Fund
Endowed
Fund
Total F4Jnds
2023
rotol Fund5
20
Income tax recoverablè
1612
2,612
3,250
Loan madeto handbell Ringers
150
2SO
Prepaytnent Scottish Power-83S
1,039
Dep051t held bythe Chichester Dlotese for
the PCC for Chancel costs
3,99B I
3,874
2,762
3,998
8,413
Following a le8al review, investments previously held In the balance sheet bythe PCC in a chancel endowment fund were
transferred to the Diocese In 2019. The accrued dividends are held on deposit bythe Oiocese forthe benefit of the PCC,
but dividends re￿IVed by tlie Diocese are paid by the Diocese to the PCC by way of a restricted granl. All accrued giant 15
receivable bythe Pccto relmbur5e it for expenditure related to the Chancel, and is held as a restricied fund. Prior to these
accounts, the dep05tt wa5 shown as an unrestricted fund, butthis has been corrected in these accaunts.
11 Creditors
Unfe5tri¢ted
Funds
Restricted
Fund
End(wed
Fund
Total Futtds l Totul Funds
2023
3022
Deferr￿ incorne•repaid fees
Deferred incorne-donation re statue
1,381
Accruals governance costs
Deposit held re long term lease of London
House
-5SI,'
1,050
1.050 ,
8,031
22

Notes to the Financial Report
12 Statement of funds
Explanatlon of funds
EndoLvedfvnds ore required by the donors to be Invested und the Income spent on specific objectives
£30.000 of the Brumner Randall Fund has been recorded as an Endowment Fund since only the ioterest on the
ori8inal capital of £30,000 Is available for spending.
Restrictedfvnds are required to be spent on specificpurposes determtned when creoted by the terms oAtheir
gift. The Restricted Funds ilnd theirpurposes ore.-.
The Choir Fund recelves fees payable to choir members and pay5 them out as agreed.
The Bruxner Randall Fund finances music In the Church or for fabrlc If not 50 needed.
The Organ Fund maintains and promote5 the use of the organ.
The Fabric Fund pays the preservation and improvement of the labric of St Dunstan's Church.
The Churchyard Fund meets the costs of the rèpair of tombs and maintenance of the Churchyard.
The Charity Fund collects donations for narned charities.
The Flower Guild Fund receives donations and pays for flowers in the thurch.
Thè Library Fund receives donations and provide5 books for the Church libr3ry.
The Bellringers Fund receive5 and pays fees for bell ringing at weddings etc.
Unrestrictedfund5 t7re notsubjert to any donor restrirtAons Gndcan bespentos the Pccdecides
Summary of all funds
Fund income and expenditure and final balances are as follows=
Statement of funds
Balan¢es
Tra#sfers.
othergalns
Balances
clfv4d
31 Dec
2023
blfwd
Whl¢h
Income
2022
Expenditure
¥nd1055e5
Invertments
Cash
Bruxner Randall
30,000
30,000
30.000
Yotal of all end¢)wed funds
30,OOD
30.000
Chancel Fund
IZ4 ,.
3,874
3,998
3,998
692
Cholr Fund
452
-610
692
8.102 j
7AZ3
Bruxner Randall
532
-1￿91
431
7,909
4.099
193
Fabrlc Fund
7,090 '
118,441
28.277
2,6481
1,748 ,.
319
14
3,324
882
Organ Fund
Chyrchyard Fund
Flower Guild
1.797
13.102
I￿31
-2,953 1
-12.128
-1.410
-610
116,675
115,793
1,442
30,694
16.825 , 13,869
2,269
BellrinBers Fund
Library Fund
Charity Fund
1.062
1.730
344 ;.
26
1,730
344
15
1,382 1
.1,372
26
Total of all rÉstri¢ted fvnds
167,245
20.199
.20.644
5,151
171,951
144,626 27,325
General ftjnd
1,082,072
109,648
-145,399
-24,977
1,021.324
699,Z48 36.146
TDtsI fvnds
1279317
129W7
-166,043
-19W6
12Z3.Z75
8nA74 63A71
23

Inde
endent Examiner's Re
Five Ashes for the Year Ended 31 December 2023
ort to the PCC of Ma
ield &
st
This is my report to the Paroch¢al Church Council of the Ecclesiastieal Parish IPCCI of Mayfield & Five Ashes. on
the annual report for the year ended 31. December 2023.
Respertlve responslbilities of trusteÈs and examiner
The PCC Members are responsible for the preparation of the Annual Reports. The PCC members consider that
an audit is not required for this year under section 144 c>f the Charities Act 20111"the Charities Act") and that
an indèpendent examination is neèded.
It is my responsibility to:
examine the accounts under sectioft 145 of the Charities Act-
to follow the procedures laid down in the general Dlrections given by the Charity Commission lunder
section 14515llbl of the Charities Act- and
to state whether particular matters h8ve come to my attention.
asis of independent examlnerfs statement
My examination was carried out in accordancè with general Directions given by the Charity Commission. An
examin3tiofi includes a review of the accounting records kept by the charity and a comparison of the accounts
presented with those records. It also includes consideration of any UnUSLsal items or disclosures In the
accounts, and seeking explanations from the trustees toncerning any such Fnatters. The procedures
undertaken do not provide all the evidence that would be required in an audit, and consequently no opinion is
8iven as to whether the accounts present a 'true and fairf view and the report is limited to thosè matters set
out in the statement below.
Independent examlner's Statement
In connection with my examination, no matter has come to my attent*on
which gives me reasonable cause to belleve that in, any
material respect. the requirements..
al to keep accounting recDrd5 tn accordance with section 130 of the Charities Act., and
bl to prepare accounts which accord with the accounting records and comply with the
accounting requirements of the Charitiés Act have not been mèt.. or
to which, in my opinion. attention should be drawn in order to enable a proper understanding of the
accounts to be reached.
Examine45 signature
V_ts ffla.
Examinerfs name
VINCENT BLAKE
Date
2£ Wl Zol(+.
Relevant professlonal qualificationlsl or body Institute of Chartered Accountants in England and
Wales
Examinerfs address
The Old Farmhouse, Town Row Green, Rotherfield,
East Sussex, TN6 3QU
24