2023-12-31-accounts

		Contents
			Page
Annual report
Statement offinancial	activities
Balance sheet
Notes to the financial	statements
Report ofthe independent		examiner	15
Charitable Giving			16

									Total	Total
						Unrestricted	Restricted	Endowment	Funds	Funds
						Funds	Funds	Funds	2023	2022
					Notes		f;		f.
Income and endowments		from:
Donations and legacies					2a	170,461	19,107		189,568	163,590
Charitable activities					2b	9,984	2,625		12,609	22,236
Trading activities					2c	29,306			29,306	16,697
Investments					2d	11,050	1,822		12,871	11,094
Total income						220,801	23,554		244,355	213,617
Expenditure on:
Raising funds					3a	1,064			1,064	2,570
Charitable activites					3b	170,729	23,875		194,603	240,137
Other trading activites					3c	22,003			22,003	20,180
Total expenditure						193,796	23,875		217,670	262,887
Net income						27,006	(321)		26,685	(49,270)
Transfers between	funds - in					17,668	931		18,599	13,634
Transfers between	funds - out					(17,759)	(840)		(18,599)	(13,634)
Other recognised	gains
Gains/(losses) on revaluation				of
investments					Sb	8,844		5,731	14,574	(20,668)
Net movement in	funds					35,758	(230)	5,731	41,259	(69,938)
Reconciliation of	funds:
Total funds brought	forward		at
1st January 2023						155,006	1,765	60,910	217,681	287,620
Total funds carried fonvard				at
31stDecember 2023						190,764	1,536	66,640	258,940	217,682

						2023	2022
				Notes
Fixed	assets
	Freehold land and		buildings	sa		1	1
	Investments			5b		102,840	93,997
	Endowed investments			5b		66,640	60,910
Total	fixed assets					169,482	154,907
Current assets
	Debtors			7	14405		7,345
	Short term deposits				59,451		56,640
	Cash at bank				29,203		777
						90,059	64,761
Current liabilities
	Creditors: amounts		falling due within one year	8		(601)	(1,988)
Net current assets						89,458	62,773
Total	assets less	liabilities				258,940	217,681
Funds				10
	Unrestricted	funds
	general				117,333		125,468
	designated				73,430		29,537
						190,764	155,006
	Restricted funds					1,536	1,765
	Endowment	funds				66,640	60,910
Total	funds					288,949	217,681

2	Analysis ofincome and		endo	wments
							Total	Total
					Unrestricted	Restricted	Funds	Funds
					Funds	Funds	2023	2022
a	Donations and legacies
	Planned giving (excl tax		refunds)		78,683		78,683	77,715
	Planned giving (no tax refunds)				2,918	600	3,518	4,933
	Coflections at all services				3,337	2,291	5,628	5,098
	Collections at concerts				336		336	1,341
	Special appeals &specific donations					14,128	14,128	21,840
	Gift Aid tax recoverable				23,862	2,088	25,950	27,825
	Grants				664		664	6,475
	Legacies k 'in memoriam'		donations		17,275		17,275	0
	General donations				21,281		21,281	3,295
	Donations from Church	visitors			22,106		22,106	15,068
					170,461	19,107	189,568	163,590
b	Chari table activites
	Bosham Youth Group activities					2,001	2,001	810
	Parochial Fees from weddings,			funerals	9,314		9,314	15,110
	Other income from weddings,			funerals	670	624	1,294	6,316
					9,984	2,625	12,609	22,236
c	Trading activitt'es
	Fete, concerts and events				13,625		13,625	3,000
	St Nicholas Hall lettings				9,863		9,863	8,135
	Magazine subscriptions				3,040		3,040	3,154
	Magazine advertisement		income		2,537		2,537	2,318
	Book sales				242		242	90
					29,306		29,306	16,697
d	Investment income
	StNicholas flat rental				5,966		5,966	5,853
	Interest and investment	income			5,084	1,822	6,905	5,241
					11,050	1,822	12,871	11,094
	Total received on all funds				220,801	23,554	244,355	213,617

3	Analysis ofexpendit	ure	on:
						Total	Total
				Unrestricted	Restricted	Funds	Funds
				Funds	Funds	2023	2022
a	Raising+nds
	Stewardship costs			81		81	37
	Bookstall expenses			614		614	2,533
	Concerts and event expenses			369		369	0
				1,064		1,064	2,570
b	Charitable activities
	Charitable giving			12,303	11,202	23,505	22,872
	Diocesan parish share			80,400	1,822	82,222	81,912
	Local mission and outreach			1,027		1,027	1,003
	Vicarage expenses			6,128		6,128	4,001
	Church running expenses			16,912	600	17,512	14,504
	Church maintenance			5,349		5,349	8,1 11
	Expenses ofservices			10,487		10,487	10,358
	Expenses ofweddings,		funeral		624	624	5,694
	Church enhancements			4,469	6,106	10,575	11,590
	Church major repairs			5,720		5,720	43,591
	Costs ofchurchyard	and	burial ground	3,100		3,100	18,004
	Youth work			301	3,521	3,822	1,834
	Clergy working expenses			4,944		4,944	4,175
	Administrative expenses			18,471		18,471	11,527
	Bank charges			1,118		1,118	961
				170,729	23,875	194,603	240,137
c	Trading activites
	St Nicholas Hag running		costs	11,758		11,758	10,043
	St Nicholas Hall maintenance			1,662		1,662	4,481
	Fete expenses			2,241		2,241	388
	Parish magazine			6,343		6,343	5,268
				22,003		22,003	20,180
	Total resources expended			193,796	23,875	217,670	262,887

Funds	held in reserve are invested in CBFinvestment fun	ds and revalued at the y	ear end.
		Reserve	Endowment
		Funds	Fund
Market	value at 1st January 2023	93,997	60,910
Gains	on revaluation at 31stDecember 2023	8,844	5,731
Market	value at 31stDecember 2023	102,840	66,640

Analysis	ofnet assets by fund
					Total		Total
		Unrestricted	Restricted	Endosvment	Funds		Funds
		Funds	Funds	Funds	2023		2022
			f,				I,
Freehold	land and buildings	I					I
Investments		37,437	65,403	66,640	169,481		154,906
Current	assets	153,926	(63,867)		90,059		64,761
Current	liabilities	(601)	0		(601)		(1,988)
		190,764	1,536	66,640	258,939		217,680
Debtors					2023		2022
Income	tax recoverable					884	4,784
Other debtors						521
Grants re 2022 expenditure							611
Prepayments							1,950
					1,405		7,345

		NOTES TO THE FINANCIAL STAT	EMENTS
8	Creditors: amounts	falling due within one year	2023		2022
	Deferred income			601	550
	Accruals for utilities				393
	Other creditors				1,046
				601	1,988

Comparatives for	the sta	te	ment offi	nancial activit	ies
							Total
				Unrestricted	Restricted	Endowment	Funds
				Funds	Funds	Funds	2022
Income and endowments		from:
Donations and legacies				130,666	32,924		163,590
Charitable activities				15,785	6,451		22,236
Trading activities				16,082	615		16,697
Investments				8,587	2,507		11,094
Total income				171,120	42,496		213,617
Expenditure on:
Raising funds				2,570			2,570
Charitable activites				183,513	56,624		240,137
Other trading activites				20,180			20,180
Other
Total expenditure				206,263	56,624		262,887
Net income				(35,143)	(14,128)		(49,270)
Other recognised	gains
Gains/(losses) on revaluation			of
investments				(12,541)		(8,127)	(20,668)
Transfers between	funds			13,334	300		13,634
				(13,469)	(165)		(13,634)
Net movement in	funds			(47,819)	(13,993)	(8,127	(69,938)
Reconciliation of	funds;
Total funds brought	forward		at 1st
January 2022				202,823	15,758	69,039	287,620
Total funds carried forward at 31st
December 2022				155,004	1,765	60,912	217,682

								r	5		Bal c/fwd
			Bal	b/fwd				gains		8c	31 Dec
			1 J	2023	I		E~dtw				2023
Unrestricted fund
General fund				125,468		164,595	166,850)		(5,880)		117,333
Designated funds
Fabric fund				2,021		22,751	(6,333)				18,439
Enhancement	Fund			(0)
Vicarage fund				500		500	(1,913)			913	0
Legacy fund				23,869		32,275	(4,279)				51,865
Hospitality fund				5			(169)			164	0
Pastoral fund				107			(58)			424	473
Outreach fund									1,500		1,500
Flower fund				1,431		680	(343)		(768)		1,000
Donation fund				1,605			(13,850		12,400		155
				29,539		56,206	(26,946)		14,633		73,432
Unrestricted	&designated funds			155,007		220,801	(193,796)		8,753		190,765
Restricted funds
Fabric fund				0		600	(600)				0
Enhancement	fund			0		6,250	(6,106)				144
Pastoral fund				661		3,330	(2,624)		(840)		527
Flower fund				0		624	(624)				0
Cole Endowment		income		0		1,822	(1,822)				0
Youth activity	fund			239		2,351	(3,521)			931	0
Donation fund				(0)		8,578	(8,578)				(0)
Mary Rochford Wade Trust				865							865
				1,765		23,554	23,875			91	1,536
Endowment funds
Cole Endowment		fund		60,910					5,731		66,640
Totalfunds				217,682		244,355	(217,670)		14,574		258,941

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