_CHURCH OF THE ANNUNCIATION, CHISLEHURST_ ## **ANNUAL PAROCHIAL MEETING 2023** **To take place following the Parish Mass Sunday 14 May 2023** **1** _CHURCH OF THE ANNUNCIATION, CHISLEHURST_ ## **VICAR’S ANNUAL REPORT May 2023** _In you hearts sanctify Christ as Lord._ Words from our Second reading this morning, Saint Peter writing to new Christians to encourage them in face of the difficulties they were encountering as they sought to live out their faith – words that also remind us that our first calling as Christians is to live according to the same pattern of holiness revealed in Jesus Christ, who as Peter goes on to remind his readers, suffered for our sins once and for all in order to bring us to God. Whatever else we do as a church, no matter how important, must serve that goal of nurturing us in holiness that we might bring men and women to God. Fortunately 2022 was the year some aspects of that became easier as the remaining COVID restrictions were lifted and parish life returned to something close to prepandemic normal. Although numbers were not quite what they were before the first lockdown, they continued to improved. Easter attendance went from zero in 2020 to 59 in 2021 and 104 in 2022 (and in fact was better in 2023 than any year since 20217); while Christmas numbers improved from 74 in 2020 to 85 in 2021 and 160 in 2022. While ordinary Sunday-by-Sunday numbers have not shown the same level of increase they have nevertheless become more stable and most Sundays hover between 40 and 50 at the two Masses combined, down but above average for the Church of England as a whole. It has also been good to see our families with children back in church on a more regular basis. That being said there are still those yet to rejoin us, an experience common across the Church of England, figures suggesting that nationally attendance is down around 20% compared with pre-pandemic figures. The chalice was restored on Advent Sunday, later than in some parishes but earlier than in others where it has yet to be restored, but it is clear that many in the congregation still feel more comfortable receiving in one kind only, and that the COVID restrictions may have brought about a permanent change in at udes to the Common Cup, so it will be a while before we return to administration at the altar rail if we are to avoid confusion as some receive in both kinds and others only the Host. Mass continued to be celebrated daily save for a hiatus following Father David’s hospitalisation in September, but it is now clear that the pattern of weekday attendance has changed significantly since before the pandemic, with the two evening Masses now the best attended as opposed to Wednesday and Saturday pre-lockdown. One area where things are not yet back to pre-COVID figures in occasional offices. While 2022 did see five baptisms (some originally planned for 2020!) we had no weddings and only three funerals, although one was that of the much-loved figure of Joan Bickel. Our social events also benefited from the return to normal life. Our Spring and Autumn fairs and September Gift Day were all among the most successful in recent years. Many thanks to those who helped make them possible. **2** _CHURCH OF THE ANNUNCIATION, CHISLEHURST_ Of course it is not possible to talk about 2022 without recalling both the late Queen’s Platinum Jubilee celebration in June, and her sad death three months later. Both events were appropriate marked by well-attended special services, even though the latter occurred while I was away in Canada and took some coordinating! I should also mention the weekly Thursday Coffee Stop which has gone from strength to strength, providing the chance for a warm drink and a friendly chat, and also an opportunity to open the building to visitors. In fact I suspect the success of Thursday morning coffee is partly responsible for the lower attendance at the Wednesday morning Mass, but it is good to see people in the church who might not otherwise visit. We did resume Summer Saturday open church, but volunteers to support that were few, and most weeks it relied on my availability or Michael Watson’s. Financially 2022 was a difficult year to evaluate. We had hoped that the long-running renegotiation of the surgery land rent might have been completed, but sadly the doctors have continued to drag their feet and we have decided to send the matter to arbitration. But eventually we expect a significant increase in rent and a large back payment. On the other hand we did receive confirmation that – contrary to what was widely believed – the lease on the tower for the non-existent phone mast will continue for another thirteen years, bringing in a not insignificant £10,000 per annum. We also, of course, finally began the major schedule of building works we have known were needed for almost as long as I have been here. Fortunately we have reserves to cover the cost, but there are more works identified in the quinquennial report yet to come. And that does not include the recently identified need for repairs to the tower which could cost as much as half-a-million pounds. John and Andrew have detailed this in the fabric report, so I shall not say more. But I do want to record my particular thanks to John who has brought to all of these issues both the practical knowledge and the sheer tenacity to push forward matters which have eluded us for a long time. In the light of all this the deficit on the ordinary operating account for the year of moreor-less £10,000, which concerning, is not as bad as it might have been, although it remains the case that The Annunciation would not be viable if we relied on voluntary giving alone, which covers only about a half of what we need to maintain our presence and ministry in this place. As always please review your giving and ensure it is realistic, even though I know the current cost-of-living crisis is making life difficult for everyone. Lastly as always I need to say something about safeguarding. I am happy to report we have had no incidents of concern in the congregation, but the care of children and vulnerable adults is a shared responsibility; and I need to remind churchwardens and PCC members of the need for a criminal records check and appropriate training. I know it can be tiresome, but it is not a topic that will go away if we don’t think about it, and I will be arranging appropriate further training in the course of the year as mandated by the diocese. **3** _CHURCH OF THE ANNUNCIATION, CHISLEHURST_ On a personal note, I have now been your parish priest for ten years – ten years not without their challenges. If you think back to the first few years, I found myself conducting funeral after funeral for those who had been long-standing members of the congregation, too many to name now, and I find myself looking at empty places in the pews or passing houses on the street and thinking, so and so used to sit there or live there, on one occasion going to visit a young family about a baptism only to realise I had previously visited the same house regularly to take Communion to one of our housebound parishioners. And just when things began to pick up, particularly our work with children thanks to our joint engagement of Kim Curle as family worker with Saint George’s, COVID came along and knocked a lot of what we had achieved back to square one. But there are encouraging signs that things are moving forward again. Pray that they will continue. As always I am grateful to all of you who do so much to support our mission and ministry, as church officers, musicians, servers, greeters and cleaners, and of course to Father David, as well as to those who simply support us by their faithful attendance at Mass and by their prayers. For it is in the daily round of prayer and worship that we sanctify Christ in our hearts as Lord, and so are brought closer to God, to whom be the glory to all generations forever and ever. Amen. _Father Paul Farthing SSC, Vicar_ ## **DIRECTOR OF MUSIC’S REPORT May 2023** Our music provision has bounced back as the COVID pandemic has receded and I am pleased to report that ‘normal service has been resumed’. As well as supporting congregational singing during services, the choir and its solo singers continue to present anthems and postludes as part of a varied musical offering, with participation from visiting singers in some services. We have introduced several new items of repertoire during the year. Choir recruitment remains a challenge and we are always interested in hearing from potential new members. That said, I continue to be very appreciative of what we achieve given our limited numbers! I warmly thank Carole Poll and Ted Handley for their continuing support, and all members of their choir for their generosity in giving their time and musical contributions. _Ian Clethero Director of Music_ **4** _CHURCH OF THE ANNUNCIATION, CHISLEHURST_ ## **PAROCHIAL CHURCH COUNCIL ANNUAL REPORT FOR 2023 May 2023** ## **Administrative Information** The Church of the Annunciation of the Blessed Virgin Mary was built in 1870 and is situated in the busy High Street in Chislehurst. It is part of the Diocese of Rochester within the Church of England. The correspondence address is The Church of the Annunciation, High Street, Chislehurst, BR7 5AQ. The Parochial Church Council of the Ecclesiastical Parish of the Annunciation of the Blessed Virgin Mary Chislehurst is a charity registered with the Charity Commission in accordance with the Charities Act 2006 (Charity Number 1132138). **Objectives:** We rejoice in our long history and heritage of the Catholic tradition of the Church of England, and a celebration of the Mass is offered most days and the Blessed Sacrament perpetually reserved. The Resolution under the Women Bishop's legislation has been passed, and the Church is under the pastoral care of the Bishop of Richborough. The incumbent is the Reverend Paul Farthing. We have an Honorary Assistant priest, Canon David Herbert and one Reader Emeritus, Miss Jennifer Smith. The PCC also has maintenance responsibilities for the church building, the vicarage and the former curate’s house at 47 Holmdale Road Chislehurst. **PCC Membership:** Members of the PCC are either ex-officio or elected by the Annual Parochial Church Meeting (APCM) in accordance with the Church Representation Rules. During the year, the following served as members of the PCC: Incumbent The Reverend Paul Farthing Churchwardens Mr John Symes Mr Andrew Allen Deanery Synod Representatives Mr J Michael Owen Mrs Paula Howard Elected Members Mrs Anne Harrison (Treasurer) Miss Carole Poll Mrs Beverly Porter Mrs Sally Thorn Mr Michael Watson (PCC Secretary) **PCC Committees:** The PCC operates through the Standing Committee which meets as and when the need arises. This is the only committee required by law. It has power to transact the business of the PCC between meetings, subject to any directions given by the Council. **5** _CHURCH OF THE ANNUNCIATION, CHISLEHURST_ ## **Achievements and Performance** **Church Attendance:** There are 76 parishioners on the Church Electoral Roll, of whom 43 reside outside the parish. **Review of the Year:** The church and its activities are still attempting to get back to normal after the COVID pandemic. Some members of the congregation have not returned, but we have been pleased to be able to welcome some new families. The PCC met seven times during the year. We continue to provide a Parish website at _http://annunciationchislehurst.org._ Canon Herbert has continued as editor of our monthly parish magazine which is produced in addition to the weekly pew-sheets. No charge is made for this, and the magazine continues to be well received and covers a wide range of topics. The church has continued to give generously to charitable organisations both locally and overseas. The work of the Church and all its achievements are dependent upon the time and talents its members bring to support all its activities, and the PCC take this opportunity to thank all who have contributed during the year in any way to support our Church of The Annunciation. Working parties have undertaken church and churchyard cleaning, usually once a month, and the vicar and churchwardens are most grateful for the efforts of a small but dedicated number of parishioners. A coffee morning held once every week has proved popular, and has attracted many visitors into church. **Financial Review:** A Summary of the Parish Accounts is attached to this report. **Future Plans and Concerns:** We have to report the death of one long-standing member of our congregation, Mrs Joan Bickel. Substantial repair work to the fabric of the building has been undertaken, but there is much still to do, including repairs to the tower. A major fund-raising effort will be needed before this can proceed. **Reserves and Investment Policy:** It is the policy of the charity to maintain unrestricted funds, which are the free reserves of the charity, at a level that equates to approximately six months expenditure. This provides sufficient funds to cover management and administration and support costs and to respond to emergency applications for grants which arise from time to time. Unrestricted funds were maintained at this level throughout the year. It is our strategy to invest our funds balances with the CBF Church of England Deposit Fund. **6** _CHURCH OF THE ANNUNCIATION, CHISLEHURST_ **Risk and Safeguarding Policy:** A child protection policy is in place, and in compliance with the Criminal Records Bureau requirements for those working with young children and vulnerable adults, CRB clearance has been obtained. The PCC are committed to ensuring that our church and hall are safe places for all who use them, and the House of Bishops Safeguarding Policy has been formally adopted. All PCC members have received appropriate safeguarding training. For more detailed information and guidance see the Parish Safeguarding Handbook, https://www.rochester.anglican.org and click on safeguarding. Arrangements are in place for dealing with cash i.e. all money to be banked is placed in a wall safe and the money deposited in the bank each week. The church building to complies with the Disability Discrimination Act. With reference to fire regulations, the extinguishers are regularly serviced and a Fire Risk Assessment has been completed. ## **CHURCHWARDENS’ REPORT ON BUILDINGS & FABRIC May 2023** 2022 can be summed up in one word, frustration! As was reported at the 2022 APCM we are catching up on works required for the church building identified as long ago as 2016. Obtaining the necessary surveyors reports, contractor quotations, approvals etc. took a very long time in 2022. Contractors were appointed, a schedule agreed and then contractors advised that there would be a further £11,000 needed, as their newly appointed in house H & S manager had decreed that the method of working, upon which the quotation had been based, was not acceptable. The effect of this was whereas it was planned to do work on all four elevations, only the work planned for the south elevation was actioned. The contractors were 4 weeks late starting than was scheduled, the weather deteriorated, thus halting works, so completion was approximately 10 weeks later than was originally planned. Although anticipated, there were extra works necessary, it being found that the mountings of the bell above the Lady Chapel had corroded to the extent of being near non-existence, thus requiring replacement. There were some slight savings elsewhere but equally in other areas the required work was more extensive and thus more costly. Finance is an issue for nobody has come forward to assist with the time consuming task of trying to obtain financial assistance from different charities. Very many thanks to Anne Harrison who has worked tirelessly to successfully apply for the return of monies paid in respect of VAT for the works carried out. This should enable us to now get the works deemed necessary on the north and east elevations to be carried out. It has been agreed that works on the west elevation can reasonably be delayed for perhaps approximately 2 years. **7** _CHURCH OF THE ANNUNCIATION, CHISLEHURST_ The tower is a challenge, an initial survey suggests that we need work to be carried out at a cost of £500,000. Although it is anticipated that economies can be made, reality is, that while we may be able to afford £5,000, we simply have not got the financial resources for this project. The flagpole, in place since the construction of the tower in the 1930’s, has significant “shakes” and decay such that it is condemned, preventing the flying of flags. The roof of the Capella has now been repaired following the theft of lead in 2021 and a substitute material used, so we are hopeful that this will prevent further such incidents which have generally reoccurred every 2 to 3 years. A very small group of folk clean the church on a monthly basis so grateful thanks to them and if anyone else can help then you are welcomed to join in! Maintenance cost ever increase and while every effort is made to minimise costs, reality is that if the heating system fails, it has to be repaired. When an unknown drives a vehicle through a perimeter fence, it has to be repaired. That it probably did more damage to their car is scant compensation for the expense incurred, minimised by the use of volunteer labour, for the fence to be repaired. The grounds are satisfactorily maintained thanks to the efforts of our contractor and a very small group of volunteers.. There are two other properties to be maintained. The former curates house is rented out on the open market, the tenants have been resident since 1986 which results in them having a “protected tenancy”. Undoubtedly, in the past, the Annunciation has received poor professional advice and the property has been mis-managed for very many years. As of the end of 2022, following three years of effort, there is confidence that this situation will be improved to the benefit of The Annunciation. The situation with Chislehurst Medical Practice continues to be one of frustration. There is a ground lease agreement in place, but with the full terms of that lease not yet enforced the Annunciation are significantly disadvantaged in respect of the financial benefit that this facility should be providing to the Annunciation. In summary there are maintenance issues to be addressed to ensure the future of the Annunciation but these issues require financing and such is a challenge. _Andrew Allen & John Symes 28 April 2023_ **8** BASIS OF PREPAPATION OFTHÉ FINANCIALSTATEMEPnS The Financial Statements have i*en prepaied under the historical cost conventton th the exception of investments which are reco8ni5ed at market value. The Financial Staternerlts ha¥e been prepared Usi￿the Receiptsand Payment method. FUNDS Endowmtnt Funds are funds in whtch the capltal be maintsined. I￿)Mear1￿ngfrorn investment ol the endowment may be used either as restrirted or uorestTKted funds dependi￿ up)n the purpose forwhich the endowment Wds e5tabli5hed. Restrl¢ted Funds represent al ItKomtfrom trttsis or endowments whith m8y be expended onlyon those restricted object5 provided in the termsof the tiust or bequest. and bl donations or grants received fora specific object or invlted bythe Pccfor a specilic object. The fund5 rTray orbly be expended on the specifK object for which they were given. Any balance remoinin8 un5peTrt at the end of the year may be tarried forward as a balance gn the fund. The PCC doe5 not us¥ally invest separately for each fund. Where there 15 no separate investmenL interest Is app)rtioned to individual funds on an avera8e balance basis. Unrestdtted Funds are 8eneral funds which can ￿ used for PCC Ofdinary purposes. Income from Investments.. Rental Income from the letting of the InVe￿ment property withln the fixed assets147 Molmdale Rdl and from Chlslehurst Medlcal Prnttice are recognlsed when the rental is received. INCOMING RESOVR(ES Planned givtn& collettions and do[￿￿n$ arè rwnised when rtteNed. Tax refunds are rec￿nISed when the Incomtn8 resource to which they relate is received. Grants and legxies are accounted for when received by the PCC. D￿déndS are 8ccounted for when the recelvable Snterest Is rettlved. other Intome is reccwiised when it 15 receSved. All incomin8 resources are accounted for8ross of any relate(l expertditure. which is accounted for separately under resources expended. The final anonym04Js donation of El.253 was received towards the repairand upgrade of theTower clock whlch was completed in 2021. An ener8V SUPPtsrt grant ol EL691 was recefjved from RoCheS￿r DNxese towards Increased energycosts lor the Church. RESOURCÉS EXPENDED Grants and donations are accounted fof when paid over. The Dlocesan parfsh share Ss generally accounted for when paid. Iln 2020 due to concem over the effect of CovSd 19 on income, Parish Share payments were reduced. and £15.832 was owed at year end. This wa5 paid In January 2021.1 Amount5 received speclflcally for missions are fltalt with as restricted funds. All other expenditure is 8enerally recoKThlsed when 11 Is pald and accouated lor 8r055 of VAT paid and any related 4wJme. VAT whth is successfully ￿laimed 38ainst expendllurels credited to expenditure when it is received. The work repairin8 the Capella roof after lead was ￿Olen from the roof was completed bn 2022 at a cost of £6.210. £3.416 of the repair5 to the r¢)of were met by an insurance settlement received im 2021. Quinquennlal repalrs-phase l- commerKed in October 2022. £57.911 has so far been ￿￿4 to the maln cortrdctor. this has been lunded by a withdrawal of £65.(KKI from the Restoratkjn De￿$it. The work wlll be cornpleted In 2023 and funded bv withdrawals from the General Reserve. Architects and Heatth and Safety Consultants I￿Of £8.422 have been paid from the Rochestèrchurch Repalr. De51gnated-funds £1,858 was paid for a quantity surveyors report on repairs needed to Tower. Th45 wa5 funded by a transferfrom the Tower Fund. FIXED ASSETS Consecrated and benefice property Is Thx I￿luded in the accounts in accordance with &96(2llal of the Charities Act 1993. Moveable church fumishings held bythe vlcar and churthwardens on special trust forthe Pccznd which requi￿ a faculty for disposal are inalienable properry. listed in the church's inventory. which can be inspected any ￿aSonable11mel. Fixed A$5ets acquired prior 10 20(￿ have been fully written off, includin8those Mill in use. forwhich no purchase records exist. The F￿ehOld Land and Buildiw are stated at the 2015 Inyjrarte valuatfion. and aretreateLI as an in¥e5tment property. within Fixed Assets. Low value assets with a purchase price of £5￿ or arewritten off when the asset is acquired. Investmènts a￿ valued at market value at 31st December. Church of the Annunciation of the Blessed Virgin Mary. Chislehur* Statement of Financial Activtties For the Year ended 31 st December 2022 Total Funds 2022 2021 Fuhds Fvnd5 Incomlng Resource5 Voluntsry Income Activities for 8eneratinB F￿d5 Income from Investrnents Income from Church Activlties Other Incomlng Resovr Total IrKomlng Resources 44.570 13.565 31.959 410 4.228 48.798 13.565 33,560 410 3,347 99,68J 50.006 12,339 30,836 7rM) 17,$43 106,424 1,253 6.775 92.598 307 Resources Expended Church actlvltles Fund Ralsing C05t5 6ovemaTrce Costs Total Resource5 Expended lthJ.226 1,778 250 102,254 8,422 175,157 1,778 25Q 177,185 120,428 1,017 8.422 121,445 Net Incomin￿Out801Thg Resources before other Recognlsed Gains and Losses GalnllLossl on Investrnent Assets on Revaluatlon (9.657) Ill￿} 159.n41 177,5051 115.0211 IL9511 11,9511 Net Mo¥ernent In Funds 19M7) Il1151 159.n41 {1.9511 179,4561 113.9351 Trnnsfer ￿tween Funds I3￿24) 874 Balance bfvd l January 2021 379370 67.342 89117 16.112 553,241 567.176 Balan¢e clfwd 31 December 2021 367289 61.J77 XI.957 14161 473.785 553.241 Flxed Assets Tanglble Flxed Assets Investments 225326 225,926 14,161 240,087 225.926 16,112 242.038 14,161 Current Assets Short Term Deposlts Cash at bank 6L37Y 61.377 172.321 233.698 67,342 243.861 311,203 141363 Total 367289 6L3 30.958 14,161 473.785 553,241 Parish Funds Unre5trfcted Oesi8nated Restrirted Endowment 367.289 61,377 30,958 14.161 473,785 379.970 67.342 89,817 16,112 553,241 Church of the Annunciation of the Blessed Virgin Mary, Chislehurst Notes to the Financial Statements For the Year ended 31 st December 2022 Incoming Resources UnrestrIrt￿ Oe518natÈd ReStrIrt￿ Endowmont Funds Funds Funds Funds Total Funds 2022 2021 Voluntary Income Planned Givin8/family Purse Standin8 Orders Income Tax Re¢overabl¢ Collections (open platel t)onation%/Appeals etc Le8acles Collections- Other-150+1 lunch 7.162 23,492 8,153 1,515 4.248 7,162 23,492 9,035 1,515 7,594 ,170 22,873 9.208 2,435 6,407 200 713 50,006 3.346 44,570 4,228 48.798 Activities for Generating Funds Spring and Autumn Fetes Sunday Coffee Mornlngs Organ Recital Bromley Boys Sln8ers Commemorative Mugs Church Magazine Mobtle Phone Mast Coffee Stop Produce Sale 2,804 427 1,084 105 209 340 188 170 10,000 185 58 12.339 427 15 15 io.cKJ) 316 10,000 316 13.565 13,565 Income from Investrnents Dividends and Interest Included Rental Income Doctors Surgery Rental Income 47 Holmdale Rd 1.779 21.￿ 9,180 31,959 307 1,294 3,380 21,IXx) 9,180 33,560 656 21,000 9,180 30,836 307 1.294 Income from Church Activities Book Stall Organist Fees 80 330 410 330 410 700 7CKI Other Incoming Resources Insurance aaim Grantldonations for clock repairs Energy Support Grant St Mary Hall Contribution for fife extinguisher ser Manning and Anderton contrtbution to churchyar Refund on Utilities 3.416 8,506 1.253 1.253 1.691 1,691 576 45 12.543 403 2.094 403 3,347 1.253 Total Incoming Resources 92.598 307 6.T75 99,680 106,424 Total Funds 2022 2021 Fu Funds Funds Resources Expended Church Activities Home Mission5 Secular Charities Ministry.. Parish Share Ministry.. Costs/ Expenses Church Runnin8lMaintenance Fees IDBF portion of fees in prlor year) Llpkeep of Services Churchyard Upkeep Clock Repair Capella Roof Repairs Quinquennial Consultants fees Quinquennial Maln Contractor Tower Repairs QS survey New Votive Candle Stand Annlversary lunch- Caterer Println8 and Stationery Subscrlptlons Other Paiish Costs Bank CharÈes Council Tax Water 20 3,797 75,832 1,946 2,102 178 733 5.034 9,548 4.738 4.738 63,C&XJ 1.936 4,438 63,( 1.936 4,438 662 4.169 662 6,089 1.920 6,210 6,210 8,422 57,911 1,858 8,422 57,911 IA58 598 864 774 410 900 2C6 2,803 585 3,877 5,633 4,368 220 120,428 989 630 900 187 2,887 257 2,616 5,883 5,424 120 175,157 630 105 2.887 257 2.616 5,883 5.424 120 I￿,226 82 Insurance Organist Fees and Cholr Muslc 8.422 66.509 Fund Raising Costs Commemorative Mugs Fete%lEvents Card Reader lease charges Property Upkeep and Le8al Fees 150 162 150 162 1,466 1.778 228 149 640 1,017 1.778 Governance Costs Independent Examiner 250 250 250 250 Total Resources Expended 102,254 8.422 66.509 177,185 121.445 Flxed Assets iarxl and Buildi 225.926 Ton￿ble Fixed Assets luiirestrkred) 225.926 225,926 Thefreehold laNJ and bulldlnK5 comprlsethe Curnte's houseat47 Hol￿tRo￿d.￿ts￿Ul￿L PWK#)sesthe proF*mfhè5been treated as an IDvestrnent prwerty. The property has bÈen thtotthp same tertar￿ ￿rKe0rtObÈr 1981. TheCUrrent￿luakn&I i5the inxwar*evaluatiw dated lune 2015. Thou8h the marketvaluatKn would undoubtettty￿ wwe. K¢ha5tobe l¥ken intoaccLKmf Y*tsellirya lryterm sthngtenants deprÈs5es the Valuè ofthe woperty. Investment Fixed Assets (Endowment Funds) C8F Chu¢thof ED8land In¥esrment FundlFixeO lnterestSe£urit￿ FLThI- I￿￿EShares Market Value- I january Net 8alnllLoyl on annu41 ￿￿1￿31￿ 15,215 1.8451 14.241 974 15.215 P3rishTrust Funds Markrf Value- I lanuary Net8ainllLosslon annual Rtrfaluai 112 792 Total Investments 14,161 16.112 Floldln8sat 3L5t Oecember2022 comprised 2,922.6112021.. 2.922.611 share5*1th a mkl mar*et¥alue o1137.IOp12021.' 157.99pl In the Churth of England Flxed Interest Securftles Fvnd Ir*eoMetha￿sènd4s3.14{2o21.. 453.14lshareswilh a mar*etvalueof 2C6&14p 12021.. 2338.67pl in thechureh of En8hnd Iii¥e#mert Fyrby IT￿￿shI Parish trust Fundsaro held bythe Ro(hesiÈr D.S. and 8.F. a$cust￿lan trustee. ThtKCls(ew5*1e lorthe ¥55etsas mana8ln6 trustee. Yhe In%*stment comprlses Inc￿* Y4fes kntheWhtteGr••*CBF ln¥Y5tm￿l Fundth a b)okwst of £511.34 and a marketydlueof £791.74131.12.2021. £897.38) The Éndowment Fund Isthe Maflaret ltslmsh•* F4fvsk Fund. Isw knCBFlrKome Sh¥e5, thedMdend53re transferred to a C0Fd•ppthatco¥ntt*P￿¢theytaMbjrtheI￿lEert$￿ The1K￿M￿lS1obe usedtraTrythiry Inthe fidd of mu51c Within the church. The Par4sh Trust Funds holdkn￿ ternifufvY5 1wthe￿olCOrtaIn the dwrthry•rd4ThY tsththe3nTh￿1 IrK¢>me Is treated as restrKred. Fund Movements R•stryalhJn Mus* l)es*Thated £n(&Thmenl Fund fund Funds Fund F￿￿ Balan￿ ai the begtnnlnioltheyear Incomin8 Resour¢t5 Outgolng Resource5 Investment GalnllLossl aknce at the Èndoltheyear 8U91 L253 59.912 815 24.747 3A31 67J42 2,150 8,422 307 6L377 16,112 373 37 L637 442 3,873 14,161 Current Assets IRestrlct•d) The ￿$tritted funds¢0m￿se spetial asxxiated reCkTh￿d wftawj.and theTty**r Fund. tt funds are held In the8er￿1 bankaccount Inseparate Sub accounts L¥on dewsit a5separaiefvndswtththe Cffiiral Board of Financeef liechurch of Eng￿nd. The Restcrtvjn Fund Is held a separate bank ac£ourtand on t￿P￿"twith theCentr31 Boafd of Findn¢e of the Church of Erykrvj. The ¥*UaIcdkaw)n5￿9èXj ¢>Jtas appwiate. ThoTcffwerFundtsforthe mairrt•￿nLe of the bells. The Restoration lund lsfor the care and conseThation of the tsL¥Kof the(hurch. Breakdown of Resiritted Funds 14.543 10.204 1,637 Tower Futyj Margaret Halmshaw L*posit ￿etyjnt 701 30.958 CHARITY COMMISSION FOR ENGLAND AND WALES Independent examiner's report on the accounts Section A Independent Examiner's Report Report to the trusteesl members of The Parochial Church Coun¢il of the Eccleslastkal Parish of the Annunciation 01 the 81essed Virgin IAary Chlslehurst On accounts for the year ended 31. December 2022 Charity no {if any 1132138 Set out on pages I report to the trustees on my examination of the accounts of the above charity (Ihe Trust'> for the year ended R•spon$ibillllo8 and As the charity trustees of the Trust, you are ￿sponsIble for the preparation basis of report of the accounts in accordance with the requirements of the Charities Act 2011 (Ihe Acr). I report in resp8Ct of my examination of the Trust's accounts carried out under section 145 of the 2011 Act and in carrying out my examination, I have followed the applicabte Directions given by the Charity Commission under section 145{5){b) of the A¢(. I have completed my examination. I confimi that no material matters have Come to my attention (other than that disclosed below ") in connection with the examination which gives me cause to telieve that in. any material respect.. accounting records were not kept in a¢¢ordan¢e wrth section 130 of the Act or the accounts do not accord with the accounting records Independent examlnerfs statement I have no con￿m8 and have come across no other matters in connection with the examination lo which attention should be drawn in order to enable proper understanding of the accounts to be reached. Please delete the words in the brackets rfthey do not apply. Date: Signed: d)3 Name: ri Relevant professional qualiflcatlonls) or body Iir any): SFI ICA Address: h hursf IER October 2018 Section B Disclosure Only complete rf the examiner needs to highlight matters of concem (see CC32, Independent examination of charity accounts: directions and guidan￿ for examiners). Give here brief details of any items that the examtner wishes to disclose. IER October 2018