2023-12-31-accounts

==> picture [30 x 29] intentionally omitted <==

		Pa
Trustees Annual Report 2024
Aims &Purposes
Objectives &	Activities
Achievements	&Performance
Worship and	Prayer
Future Plans
Sustainability
Organisational	Structure
Treasurer's	Report	9
Auditor's Report		14
Statutory Accounts		16

Income		2023	2022	Movement	Change
		f	f	f
Gift aid donations		108,485	113,827	(5,341)	-5%
Non gift aid donations		41,779	36,250	5,528	15%
Total Donations		150,264	150,077	187	0%
Dividends and Interest		28,871	28,302	569	2%
Rental Property	Income	115,187	101,011	14,177	14%
Investment Income		144,058	129,313	14,745	11%
Church hire		24,005	30,108	(6,103)	-20%
Hall 6 Nursery		30,327	27,576	2,751	10%
Concerts		17,982	18,964	(982)
Church and hall		72,314	76,648	(4,334)	-6%
Ministry		17,129	10,342	6,787	66%
Core Income		383,764	366,379	17,385	5%
Restricted Income		33,207	3,658	29,549	808%
Wastelands		3,700		3,700	P%
Legacy		10,000		10,000	1PP%
Total Income		430,671	370,037	60,634	16%

				Actual	Actual	Movement	Movement
				2023	2022		0/
Church maintenance				31,740	28,606	3,134	11'%%d
Church running	expenses			42,080	36,980	5,100	14'/
Hall maintenance		& repairs		1,304	3,512	(2,209)	-63o/o
Hall running expenses				9,325	8,939	386	4o/o
Clergy housing	&	ministry	expenses	24,072	16,073	7,999	50'/o
Music and choir				7,710	10,690	(2,979)	-28'/o
Church supplies				8,552	9,592	(1,040)	-11'/o
Advertising				2,014	3,384	(1,370)	-4po/o
Audit				7,836	6,305	1,531	24o/o
Office costs Depreciation				18,146 2,970	21,731 2,970	(3,586)	-17'/ po/o
Sundry costs				7,999	6,877	1,122	16o/
Sub-Total Costs		Expended		163,747	155,659	8,089	5'%%d
Staff Costs				92,203	95,085	(2,882)	-3'/o
Diocesan quota				135,280	135,280	(p)	p'/o
Total Costs E	ended			391,230	386,023	5,207	1 o/o
Other - Restricted				21,950	49,925	~27 975	-56'/o
Charitable Activity		Costs Expended		413,180	435,948	~22 768	-5o/o

						Unrestncted	Restncted	Tobe	Oh/attested	Restncted	Total
						Funds	Fuhda	Furrda	Funds	Funds	Funils
						2023	2023	2023	2022	2022	2022
					Note			2	2		6
Income and Endowments	from:
Donabons and legac as						154,030	26,394	180,424	150077	8,937	159,014
Chantable aclivibss						87,208	15,000	102.208	85,629	7,037	78,592
Other trading activities						2,168		2,168	I 361		1,361
Investments						144,058	1,812	145,870	129,313	1,758	131,071
Other rhcorne
Total income and endowments						387,464	43,207	430,671	366,379	3,658	370,037
Expenditure on:
Raising Funds						25.225		25,225	25,937	2.390	28,327
Chantable activ tea						391,230	21,950	413,180	338,706	97,243	435.948
Deter
Total expenditure						416,455	21,950	438,406	364,643	99,633	464,276
Net ga ns/(losses) on investments			Reaesed			9,576	4,899	14,475
Net ga ns/(losses) on investments:			Unrealised			42.636	3,705	46,341	(117,742)	(10,043)	(127,T85)
Gainsigosses) on revsluat	o	of investment		propert es		50,000		50,000
Net income						73,221	29,860	103,081	(116,006)	(106,018)	(222,023)
Transfers between funds					10	1,759	(1,759)		(62,778)	62,778
Net movement in funds						74,960	28,101	103,081	(178,783)	(43,240)	(222,023)
Reconciliation offunds:
Total funds brought forward	at	1stJanuary				5,872,482	69,065	5,941,547	6,051,265	112,305	6,163,570
Total Funds carried forward		at 31	December			5,947,462	97,166	6,044,628	5,872,482	69,065	5,941,547

				2023
		Nots
Fixed Assets
Land &property	for use by the PCC	4(a)	468,210		468,210
Investment properties		4(b)	4,495,000		4,445,000
Other tangible tixed assets		4(d)	2,723		5,693
Securities			893,890		833,074
				5,859,823		5,751,977
Current assets
Debtors		12	31,881		31,922
Short term deposits		6	3,333		3,280
Cash at bank and in hand			192,336		185,135
			227,550		221,337
Current liabilities
Amounts falling due within one year		13	(42,745)		(31,767)
Net current assets				184,806		189,570
Net assets				6,044,628		5,941,547
Funds
Unrestricted
—Designated			5,282,683		5,203,328
- undesignated			664,779		669,154
Total unrestricted				5,947,462		5,872,482
Resb'Icted				97,166		69,065
Toial funds				6,044,628		5,941,547

				Unrestncted	Restncled	TOTAL	Unrestncted	Restncted	TOTAL
				Funds	Funds	FUNDS	Funds	Funds	FUNDS
				2023	2023	2023	2022	2022	2022
			Note	E	E	6	E	E	E
Donations &Legacies
Gift Aded Donations				04,638	3,192	87,830	91,015		91,015
Income tax recoverable		on gift aided donations		23,848		23,848	22,812		22,812
Cogeceons (open	plate)	stag services		7,629		7,629	8,911		8,911
Sundry donations				37,849	13,202	51,052	27,340	8,937	36,277
Legaoes			14	66	10,000	10,066
				154,030	26,394	180,424	150,077	8,937	159,014
Charitable activities
Church &church	hall lenings			65,312		65,312	65,228		65,228
Car parking				7,002		7,002	11,420		11,420
Wedding and other fees				14,895		14,895	8,981		8,981
Grants					15,000	15,000
Other Fundraising								-7,037	-7,037
				87,208	15,000	102,268	85,629	-7,037	78,592
Other trading activities
Income from fundraising		events		2,168		2,168	1,361		1,361
				2,168		2,168	1,361		1,361
Investments
Bank &other interest				67	53	120	38	15	53
Dividends				28,804	1,759	30,563	28,265	1,743	30,007
Rental income				115187		115,187	101,011		101,011
				144,058	1,812	145,870	129.313	1,758	131,071
Total income end	endowments			387,464	43,207	430,671	366,379	3,658	370,037

					2023	2023	2023	2022	2022	2022
				Nota	r.		5	E	E	E
Raising funds
Rental property	expenses				18.157		18,157	16.399		16,399
Concerts, events activities		and	other income generating		6.703		6,703	9.256	2,390	11,646
Shop cost ofsales					365		365	283		283
					25,225		25,225	25,937	2,390	28,327
Charitable activities
Diocesan quota				15	135.280		135,280	135,280		135,280
Church maintenance			&restoration	16,17	31,740		31,740	28,606	36,667	65,272
Church running	expenses				42,080		42,080	36,980		36,980
Hall maintenance		& repairs		16	1,304		1,304	3.512		3,512
Hall running expenses					9,325		9,325	8,939		8,939
Administration staff costs					92,203		92,203	35.152	47,317	82,470
Clergy housing	&	ministry expenses			24,072		24,072	16,073		16,073
Music and choir					7,710		7,710	23,338		23,338
Church supplies					8,552	500	9,052	9,592	1,402	10,994
Advanislrig					2.014		2,014	3,384	4,634	8,018
Audit					7,836		7,836	6,305		6,305
Office costs					18,146		18,146	21,731	113	21,844
Depreciation				4(d)	2,970		2,970	2.970		2,970
Charitable Giving,		Grants			187	21,450	21,638	205	7,110	7,315
Sundry costs					7,812		7,812	6,639		6,639
					391,230	21,950	413,180	338,706	97,243	435,948
Total Expenditure					416455	21,950		364,643	99,633	464,276

ctd
			2023	2022
Cost orest mated	market value
Al lstJanuary			468,210	468,210
Additions Revaluations
Disposals
At31stDecember			468,210	468,210
Compnsing Church hall and nursery Caretaker's cottage			168,210 125,000	168,210 125,000
Carpark area			100,000	100,000
Old mortuary building			75,000	75,000
			468,210	468,210
			2023	2022
				6
Cost or estimated		market value
At 1stJanuary			4,445,000	4,445,000
Additions
Revaluations			50,000
At31stDecember			4,495,000	4,445,000
Compnsing
7 St.plfege Passage			1,170,000	1,170,000
8 St.Alfege Passage			1,170,000	1,120,000
10St Alfege Passage			1,170,000	1.170,000
11St.Alfege Passage			985,000	985,000
			4,495,000	4,445,000
			2023	2022
			6	6
Cost
At 1stJanuary			7,725	7,725
Additions
At31stDecember			7,725	7,725
Accumulated Depreciation
At1stJanuary			7,725	7,725
Deprecation for the		year
At31stDecember			7,725	7,725
Net Book Value
AtlstJanuary
At31stDecember

								2023	2022
						Cost
						At 1stJanuary		31,435	31,435
						Additions
						At 31st December		31,435	31,435
						Accumulated	Depreciation
						At1stJanuary		25,743	22,773
						Depreciation	for the year	2,970	2,970
						At31stDecember		28,713	25,743
						Nst BookValue
						At 1stJanuary		5,693	6,663
						At31stDecember		2,723	5,693
5	Securities
Equities								2023	2022
									f
Various investments were sold in 2023 and all proceeds were immediately re-invested into The Church of England Investment Fund.						Market value at 1stJanuary Additions Proceeds Gain on disposal		833,074 693,690 (693,690) 14,475	960,859
						Revaluations		46,341	(127,785)
						Market value at 31stDecember		893,890	833,074
6	Maturity		of	short-term	deposits, repayable		on demand
								2023	2022
								f.
					Central	Board of Finance	ofthe Church of England	3,333	3,280
								3,333	3,280

7 Gains on revaluation or di	sposal
	Unreslrided	Res(hoed	TOTAL	Unrestnded	Restricted	TOTAL
	Funds	Fund	FUNDS	Fmds	Fund	FUNDS
	2023		2023	2022	2022	2022
Analysts ofchwyes In the parted
Net gan (-loss) on securkies	9,576	4,899	14,475
Net unresteed gan Hoss) onseclttes	42,636	3.705	46,341	(117,742)	(10,043)	(127,765)
Net unreslised gain (-loss) on property	50,000		So,aoa
Net realised gain (-oss) on rerduchess( dispcsels	102212	8.604	110,816	(117,742)	(10,043)	(127,765)

		Unrestricted	Restricted	Total Funds	Unrestricted	Restricted	Total Funds
		Funds	Furies		Fit fide	Funds
		2023	2023	2023	2022	2022	2022
Land 8,	Buildings	468,210		468,210	468,210		468,210
Fixtures,	Fittings 8 Equipment	2,723		2,723	5,693		5,693
Investment Property		4,495,000		4,495,000	4,445,000		4,445,000
Securities		823,434	70,456	893,890	771,222	61,852	833,074
Current	Assets	193,287	34,263	227,550	214,124	7,213	221,337
Current	Liabilities	(35,192)	(7,553)	(42,745)	(31,767)		(31,767)
Fund balances		5,947,462	97,166	6,044,628	5,872,482	69,065	5,941,547

R	es	tricte	d funds
				Current	Securities	Total Assets	Current	Securities	Total
				Assets			Assets		Assets
				2023 6	2023 6	2023	2022f	2022 E	2022 F.
Smith Trust					70,456	70,456		61,852	61,852
Restoration		Appeal	Fund
Chancel	Fund			1,210		1,210	1,157		1,157
Grants				307		307	807		807
Perks				10,000		10,000
Choir				15,192		15,192
Charity	Collections		Held				5,248		5,248
Total Restricted			Funds	26,710	70,456	97,166	7,213	61,852	69,065

			General	Designated	Total	General	Designated	Total
			Purposes	Funds	Unrestricted	Purposes	Funds	Unrestricted
					Funds			Funds
			2023	2023	2023	2022	2022	2022
Land 8	Buildings		468,210		468,210	468,210		468,210
Fixtures,		Fittings & Equipment	2,723		2,723	5,693		5,693
Investment		Properly		4,495,000	4,495,000		4,445,000	4,445,000
Development Costs
Securities			90,928	732,506	823,434	83,056	688,166	771,222
Current	Assets		135,710	57,577	193,287	141,562	72,562	214,124
Current	Liabilities		(32,792)	(2,400)	(35,192)	(29,367)	(2,400)	(31,767)
			664,779	5,282,683	5,947,462	669,154	5,203,328	5,872,482

		Arnold	Woodyard	Lowe Bequest	Total	Arnold	woodyard	Lowe	Total
		Bequest	Sale Proceeds		Designated Funds	Bequest	Sale Proceeds	Bequest	Designated Funds
		2023	gc23	2023	2023	2022	2022	2022	2022
						f		8	F.
Land &	Buildings
Fixtures. P8cgx 8 Equipment
Icvebimecl Property		4,498.000			4,498,880	4,445.000			4,445,000
Sccciitcc		180.841	487,538	74.031	732,888	148,734	462,432	79,001	688,168
C iieci	Asceic	2400	85,177		gy,gyy	2,400	70,162		72,562
Current	Liabilities	(2.400)			12,488)	(2,400)			(2,400)
Long Term Libbiliticc
		4,888,941	582712	74,031	8,282,883	4,591,734	532,594	79,001	5,203,328

		Balance	Income &	Expenditure	Transfers	Unrealised	Balance
		1 Jan'23	Realised			Gams	31Dec 23
			Gains
Fund
Unrestricted Funds
General Purposes	Fund	669,153	361,590	(401,471)	28,069	7,437	664,778
Arnold Bequest		4,591,734	8,333		(4,616)	60,490	4,655,941
Woodyard Sale Proceeds		532,594	28,787	(14,984)	(17,097)	23,413	552,713
Lowe Bequest		79,001	(1,670)		(4,596)	1,296	74,031
Total Unrestricted	Funds	5,872,482	397,041	(416,455)	1,759	92,636	5,947,463
Restricted Funds
Chanty Collections	Held	5,248	13,202	(18,450)			0
Smith Trust		61,852	6.658		(1,759)	3,705	70,456
Grants —restncted		807		(500)			307
Chancel Fund		1,157	53				1,210
N Perks Legacy			10.000				10,000
Cltoti'			18,192	(3,000)			15,192
Restoration Appeal
Total Restricted	Funds	69,065	48,106	(21,950)	(1,759)	3,705	97,166
		5,941,547	445,146	(438,406)		96,341	6,044,629

		Balance	Income &	Expenditure	Transfers	Unrealised	Balance
		I Jan '22	Realised			Gains/	31Oec 22
			Gains/			(Losses)
			(Losses)
Fund
Unrestricted Funds
General Purposes	Fund	741,273	340,595	(364,643)	(36,993)	(11,078)	669,153
Arnold Bequest		4,612,534	4,579		(4,579)	(20,800)	4,591,734
Woodyard Sale Proceeds		613,798	16,744		(16,744)	(81,204)	532,594
Lowe Bequest		83,661	4,462		(4,462)	(4,660)	79,001
Total unrestricted	Funds	6,051,265	366,379	(364,643)	(62,778)	(117,742)	5,872,482
Restncted Funds
Charity Collections	I-laid	3,421	8,937	(7,110)			5,248
Smith Trust		71,895	1,743		(1,743)	(10,043)	61,852
Grants - restricted		807					807
Chancel Fund		1,142	15				1,157
Restoration Appeal		35039	(7,037)	(92,523)	64 520
Total Restricted Funds		112,305	3,658	(99,633)	62,778	(10,043)	69,065
		6,163,570	370,037	(464,276)		(127785)	5,941,547

11(b) PCC employees and thei	r emolume		nts
Clergy are paid by the diocese and are							Numbesof	Fullteae
not PCC employees. The PCC employs one full time office administrator as well	Function						cnt p Ioye es	equivalent
as part time administrators supporting office administration, heritage	At m m ts tcauo bhstcandCon		n enxb		cement			21 07
engagement, choir and concert
administration. These employees have
employment contracts, and their							2023	2022
emoluments are subject to deductions								8
of PAYE and NIC. The table on the
right shows the total cost to the PCC of	0 oss satan		s				89,486	91,701
employing them. No employees	Eniplo&etpenston			cont	b	uons	1,507	1,697
received employee benefits, excluding	Entplotet's	Naaonal		Insurance			1,210	1.686
employer pension, of more that							92,203	95,085
660,000.

		2023	2022
		f	6
Prepsyments		6,038	5,475
Gift Aid Reclaim		6,133	7,780
Rental Deposit		2,400	2,400
Other Debtors		17,310	16,266
		31,881	31,922
ithin one year
		2023	2022
			6
Rental Property	Deposit	2,400	2,400
Accrued Expenses		18,367	8,390
Provisions
Taxation snd social security		7,157	7,157
Deferred Income		5,009	4,579
Sundry Creditors		9,812	9,241
		42,745	31,767

==> picture [270 x 84] intentionally omitted <==

				From Unrestricted	From	TOTAL	TOTAL
				Furxls	Restncted	EXPENSE	EXPENSE
						2023	2022
						6	6
Hall				1,304		1,304	3,512
Church
Restoration		Appeal					36,667
Heating				13,288		13,288	2,274
Electrical				7,024		7,024	3,644
Roof 8	Floor			787		787
Other,	incl.	organ 8	sound	7,476		7,476	21,322
Tower	end	clock		600		600	647
Churchyard				2 566		2 566	720
Funded by:
PCC General Purposes			fund				15,374
Woodyard				33,044		33,044	16,744
Restoration	Appeal						36,667
				33,044		33,044	68,784

with CF Corporate Finance was signed in Decem w:	ber 2021.Com	mitments a
	2023	2022
Within one year	1,708	1,708
Between two and five years	426	2,133
Net unrealised gain (-loss) on revaluations	2,134	3,841
Payments made duing the year	1,756	2,251

						2023	2022
Balance Sheet
Securities
29,493COIF Investment		Fund		accumulation	shares		132,087
7,550COIF Investment		Fund	income shares				20,663
CCIA CBFChurch	of	England		Investment	Fund	171,257
						171,257	152,750
Cash and short-term	deposits
Bank deposits
						335	3,385
Creditors
PCC
						171,591	156,135
Statement of Financial		Activities
Income:
Dividends						650	645
						650
Expenditure:
Grant to PCC StAlfege						(3,700)
Net income before investment			gains			(3,050)
Gains on investments
unreaksed gams Nosses)		on revaluation				2,996	-17,122
Net gams/(losses) on	inmstments			Realised		15,510
Net income						15,456	(16,477)
Balances b/ftstdanuary						156,135	172,611
Balances c/d 31stDecember						171,591	156,135