2022-12-31-accounts

		Contents
			Page
Annual report
Statement offinancial	activities
Balance sheet
Notes to the financial	statements
Report ofthe independent		examiner	16
Charitable Giving			17

								Total	Total
					Unrestricted	Restricted	Endowment	Funds	Funds
					Funds	Funds	Funds	2022	2021
				Notes
Income and endowments		from:
Donations and legacies				2a	130,666	32,924		163,590	143,112
Charitable activities				2b	15,785	6,451		22,236	19,483
Trading activities				2c	16,082	615		16,697	10,797
Investments				2d	8,587	2,507		11,094	10,614
Total income					171,120	42,496		213,617	184,006
Expenditure on:
Raising funds				3a	2,570			2,570	74
Charitable activites				3b	183,513	56,624		240,137	162,013
Other trading activites				3c	20,180			20,180	10,037
Other				3d					(240)
Total expenditure					206,263	56,624		262,887	171,884
Net income					(35,143)	(14,128)		(49,270)	12,123
Transfers between	funds - in				13,334	300		13,634	14,573
Transfers between	funds - out				(13,469)	(165)		(13,634)	(14,573)
Other recognised	gains
Gains/(losses) on revaluation			of
investments				5b	(12,541)		(8,127)	(20,668)	21,973
Net movement in	funds				(47,819)	(13,993)	(8,127)	(69,938)	34,096
Reconciliation of	funds:
Total funds brought	forward at
1st January 202Z					202,823	15,758	69,039	287,620	253,524
Total funds carried forward			at
31stDecember 2022					155,004	1,765	60,912	217,682	287,620

							2022	2021
					Notes
Fixed	assets
Freehold land and			buildings		sa		I	I
Investments					5b		93,997	106,538
	Endowed investments				5b		60,910	69,036
Total	fixed assets						154,907	175,575
Current assets
	Debtors				7	7,345		5,000
	Short term	deposits				56,640		93,844
	Cash at bank					777		14,691
							64,761	113,535
Current liabilities
	Creditors: amounts		falling due within	one year	8		(1,988)	(1,490)
Net current assets							62,773	112,045
Total	assets less	liabilities					217,681	287,620
Funds					10
	Unrestricted	funds
	general					125,468		154,211
	designated					29,537		48,614
							155,006	202,826
	Restricted	funds				1,765	1,765	15,758
	Endowment	funds				60,910	60,910	69,037
Total	funds						217,681	287,620

2	Analysis ofincome and		endo	wments
							Total	Total
					Unrestricted	Restricted	Funds	Funds
					Funds	Funds	2022	2021
a	Donations and legacies
	Planned giving (excl tax		refunds)		77,665	50	77,715	82,405
	Planned giving (no tax refunds)				3,284	1,649	4,933	7,383
	Collections at all services				2,963	2,135	5,098	1,553
	Collections at concerts				1,341		1,341	376
	Special appeals &specific donations					21,840	21,840	10,667
	Bosham Youth Group fundraising						0
	Gift Aid tax recoverable				23,598	4,228	27,825	21,543
	Grants				3,453	3,022	6,475	7,998
	Legacies & 'in memoriam'		donations				0
	General donations				3,295		3,295	5,285
	Donations &om Church	visitors			15,068		15,068	5,901
					130,666	32,924	163,590	143,112
b	Charitable activites
	Bosham Youth Group activities					810	810	3,360
	Parochial Fees from weddings,			funerals	15,110		15,110	10,024
	Other income from weddtngs,			funerals	675	5,641	6,316	6,099
					15,785	6,451	22,236	19,483
c	Trading activities
	Fete, concerts and events				2,385	615	3,000
	St Nicholas Hall lettings				8,135		8,135	6,449
	Magazine subscriptions				3,154		3,154	3,092
	Magazine adverttsement		income		2,318		2,318	1,256
	Book sales				90		90
					16,082	615	16,697	10,797
d	Investment income
	StNicholas flat rental				5,853		5,853	6,069
	Interest and investment	income			2,734	2,507	5,241	4,546
					8,587	2,507	11,094	10,614
	Total received on all funds				171,120	42,496	213,617	184,006

3	Analysis ofexpendit	ure		on:
							Total	Total
					Unrestricted	Restricted	Funds	Funds
					Funds	Funds	2022	2021
a	Raising ftmds
	Stewardship costs				37		37	74
	Bookstall expenses				2,533		2,533
	Concerts and event expenses						0
					2,570		2,570	74
b	Charitable activities
	Charitable giving				11,185	11,687	22,872	14,295
	Diocesan parish share				80,100	1,812	81,912	76,052
	Local mission and outreach				1,003		1,003	818
	Vicarage expenses				4,001		4,001	4,049
	Church running expenses				13,129	1,375	14,504	10,719
	Church maintenance				8,111		8,111	5,816
	Expenses ofservices				9,990	368	10,358	8,276
	Expenses ofweddings,		funeral			5,694	5,694	5,812
	Church enhancements				7,165	4,425	11,590	1,481
	Church major repairs				26,502	17,090	43,591	13,705
	Costs ofchurchyard	and		burial ground	5,504	12,500	18,004	3,100
	Youth work				160	1,674	1,834	2,900
	Clergy working expenses				4,175		4,175	2,856
	Administrative expenses				11,527		11,527	11,313
	Bank charges				961		961	641
	Independent examination			fee			0	180
					183,513	56,624	240,137	162,013
c	Trading aetivites
	St Nicholas Hall running			costs	10,043		10,043	4,951
	StNicholas Hall maintenance				4,481		4,481	1,498
	Fete expenses				388		388
	Parish magazine				5,268		5,268	3,588
					20,180	0	20,180	10,037
d	Other
	Sacristy/boiler room	project						(240)
	Total resources expended				206,263	56,624	262,887	171,884

Funds	held in reserve	are invested in CBFinvestment fun	ds and revalued at the y	ear end.
			Reserve	Endowment
			Funds	Fund
Market	value at 1stJanuary 2022		106,538	69,036
Losses	on revaluation	at 31stDecember 2022	12,541)	(8,127)
Market	value at 31st	December 2022	93,997	60,910

Analysis	ofnet assets by fund
					Total	Total
		Unrestricted	Restricted	Endowment	Funds	Funds
		Funds	Funds	Funds	2022	2021
		g
Freehold	land and buildings	I				I
Investments		28,594	65,403	60,910	154,906	175,574
Current	assets	127,849	(63,087)		64,761	113,535
Current	liabilities	(1,438)	(550)		(1,988)	1,490
		155,006	1,765	60,910	217,680	287,620
Debtors					2022	2021
						g
Income	tax recoverable				4,784	5,000
Grants re 2022 expenditure					611
P repayments					1,950 7,345	5,000

		NOTES TO THE FINANCIAL STAT	EMENTS
8	Creditors: amounts	falling due within one year	2022	2021
	Deferred income		550	414
	Accruals for utilities		393	865
	Other creditors		1,046	211
			1,988	1,490

9	Comparatives for	the statement offinancial activities	the statement offinancial activities	the statement offinancial activities	the statement offinancial activities	the statement offinancial activities
								Total
					Unrestricted	Restricted	Endowment	Funds
					Funds	Funds	Funds	2021
	Income and endowments		from:
	Donations and legacies				123,501	19,611		143,112
	Charitable activities				11,005	8,478		19,483
	Trading activities				10,797			10,797
	Investments				8,193	2,422		10,614
	Total income				153,495	30,511		184,006
	Expenditure on:
	Raising funds				74			74
	Charitable activites				135,454	26,559		162,013
	Other trading activites				10,037			10,037
	Other					240		(240)
	Total expenditure				145,565	26,319		171,884
	Net income				7,930	4,192		12,123
	Other recognised	gains			13,198	1,375		14,573
	Gains/(losses) on revaluation			of
	investments				(14,428)	(145)		(14,573)
	Transfers between	funds
					13,333		8,640	21,973
	Net movement in	funds			20,034	5,422	8,640	34,096
	Reconciliation offunds:
	Total funds brought forward			at 1st
	January 2021				182,789	10,335	60,399	253,524
	Total funds carried forward				at 31st
	December 2021				202,823	15,758	69,039	287,620

								T	(			Bal c/fwd
			Bal 1J	b/fwd 2022	I		E~dt	gains		&		31Dec 2022
Unrestricted fund
General fund				154,211		152,262	154,994)		(26,011)			125,468
Designated funds
Fabric fund				12,972		18,084	(29,035)					2,021
Enhancement	Fund			719			(719)			(0)		(0)
Vicarage fund				0						500		500
Legacy fund				30,472			(6,603)					23,869
Hospitality fund				0		100	(95)					5
Pastoral fund				351			(1,3 18)		1,074			107
Flower fund				1,000		675	(409)			165		1,431
Donation fund				3,100			(13,091		11,596			1,605
				48,614		18,859	(51,269		13,335			29,539
Unrestricted	&designated funds			202,826		171,120	(206,263)		(12,676)			155,007
Restricted fimds
Fabric fund				13,322		17,642	(30,965)			0		0
Enhancement	fund			400		4,025	(4,425)					0
Pastoral fund						3,059	(2,398)					661
Flower fund						5,859	(5,694)		(165)			0
Cole Endowment		income				1,812	(1,812)					0
Youth activity	fund			1,171		810	(2,042)			300		239
Donation fund						9,289	(9,289)			(0)		(0)
Mary Rochford Wade Trust				865								865
				15,758		42,496	56,624)			135	0	1,765
Endowment funds
Cole Endowment		fund		69,037					(8,127)			60,910
Totalfitnds				287,620		213,617	(262,887)		(20,668)		0	217,682

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