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