OpenCharities

This text was generated using OCR and may contain errors. Check the original PDF to see the document submitted to the regulator. This document is also available as Markdown.

2023-12-31-accounts

Kerry Gallagher

02/04/24

General Restricted Endowment TOTAL
TOTAL
Funds Funds Funds 2023
2022
Note £
£

£
£
£
Incomeandendowmentsfrom:
Donationsandlegacies 2 77,724 32,035 109,759
64,963
Charitableactivities 2 1,153 - 1,153
312
Othertradingactivities 2 15,083 - 15,083
12,846
Investments 2 139,142 - 1,418 140,560
126,616
Total 233,102 32,035 1,418 266,555
204,737
Expenditureon:
RaisingFunds 3 33,328 33,328
39,308
Charitableactivities 4 221,544 36,253 257,797
232,378
Total 254,872 36,253 291,125 271,686
Netgains/(losses)oninvestments 37,038 - 430 37,468 (48,187)
Netincome/(expenditure) 15,268 (4,218) 1,848 12,898 (115,136)
Transfersbetweenfunds (10,701) 10,701 -
Netmovementinfunds 4,567 6,483 1,848 12,898 (115,136)
Reconciliationoffunds:
Totalfundsbroughtforwardat1January 1,219,486 344 5,756 1,225,586 1,340,722
Totalfundscarriedforwardat31December 1,224,053 6,827 7,604 1,238,484 1,225,586

2023 2023 2022 2022
Note £ £ £ £
FIXEDASSETS
Tangibleassets 6(a) 253,762 272,164
Investmentproperty 6(b) 188,540 192,273
Investments 6(c) 268,790 237,381
711,092 701,818
CURRENTASSETS
RepairProvisions 7(a) 118,758 106,671
Debtors 7(b) 10,980 9,031
Cashatbankandinhand 438,768 460,895
568,506 576,597
LIABILITIES:AMOUNTSFALLING
DUEWITHIN1YEAR
Creditorsandaccruals 8 41,114 52,829
NETCURRENT ASSETS 527,392 523,768
NETASSETS 1,238,484 1,225,586
FUNDS
Unrestricted General 10,11 148,330 125,910
Designated 10,11 904,043 905,586
Legacies 10,11 171,680 187,990
1,224,053 1,219,486
Restricted 10,11 6,827 344
Endowment 10,11 7,604 5,756
1,238,484 1,225,586

2023 2022
Note
CASHFLOWSFROMOPERATINGACTIVITIES
Netcashprovidedbyoperatingactivities 13 (28,507) (53,327)
Interestreceivable 6,380 2,975
(22,127) (50,352)
INVESTINGACTIVITIES
Purchaseoftangiblefixedassets
Purchaseoffixedassetinvestments
CHANGEINCASHANDCASHEQUIVALENTS
INTHEREPORTINGPERIOD (22,127) (50,352)
Cashandcashequivalentsatthebeginningofthe
reportingperiod 460,895 511,247
CASHANDCASHEQUIVALENTSATTHE
ENDOFTHEREPORTINGPERIOD 438,768 460,895

2INCOMEANDENDOWMENTS Unrestricted Unrestricted Restricted Endowment Total Total
General Designated Funds Funds 2023 2022
Funds Funds
£ £ £ £ £ £
Donationsandlegacies
Plannedgiving:-
Undercovenant&giftaid 59,486 - 59,486 43,945
Incometaxrecoverable 11,329 - 11,329 11,726
Collectionsatallservices 1,130 - 1,130 1,890
Legacies - 1,000 - - 1,000 -
Sundrydonations 4,359 420 32,035 36,814 7,402
76,304 1,420 32,035 109,759 64,963
Charitableactivities
Parochialorganisations 1,153 1,153 312
Othertradingactivities
Magazine 142 - 142 12
CarParking 7,059 7,059 5,640
PCCfees 2,812 - - 2,812 2,751
Other 5,070 - - - 5,070 4,443
15,083 15,083 12,846
Investments
Bankinterest 4,240 722 1,418 6,380 2,975
Rentalincome 84,415 49,765 - 134,180 123,641
88,655 50,487 1,418 140,560 126,616
TOTALINCOMEANDENDOWMENTS 180,042 53,060 32,035 1,418 266,555 204,737
OFRAISINGFUNDS
Unrestricted Total Total
General Designated 2023 2022
Funds Funds
£ £ £ £
Costofgeneratingdonationsandlegacies 643 - 643 722
Magazinecosts 50 - 50 48
Investmentmanagementcosts 10,205 22,430 32,635 38,538
10,898 22,430 33,328 39,308

Unrestricted Unrestricted Restricted Endowment Total Total
General Designated Funds Funds 2023 2022
Funds Funds
£ £ £ £ £ £
AwayGiving
Churchoverseas-missionary - -
Relief&development 3,506 3,506 3,197
Homemissions&churchsocieties - 7,828 - 7,828 5,637
Secularcharities 4,425 4,459 - 8,884 9,375
Supportcosts 1,410 - 1,410 1,070
5,835 15,793 21,628 19,279
Ministryofthechurch
ParishOffer&pensions 80,906 - - 80,906 80,687
Clergyexpenses 4,189 - 4,189 4,226
Churchrunningexpenses 52,607 52,607 47,176
Repairs&Maintenance 36,884 36,884 25,090
SundaySchool,Education&Training 834 - 834 1,202
Music 16,913 1,190 - 18,103 23,629
Outreach 242 20,460 20,702 4,974
Audiovisualandsoundsystem - 9,286 - 9,286 9,286
Annachaplain 8,024 - 8,024 11,095
Chasuble - - 869
Architectfees - 2,369
Supportcosts 1,410 - 1,410 1,070
193,985 18,500 20,460 232,945 211,673
ParochialOrganisations 1,814 1,814 356
Supportcosts 1,410 1,410 1,070
1,410 1,814 3,224 1,426
TOTALEXPENDITUREONCHARITABLEACTIVITIES 201,230 20,314 36,253 257,797 232,378

Noneofwhichreceivedremunerationinexcessof£60,000.
2023 2022
Wagesandsalaries 28,784 30,924
Socialsecuritycosts
Pensioncosts 1,709 1,606
30,493 32,530
Theaveragenumberofemployeesduringtheyearwasasfollows: Administrative 4 4

6(a)TANGIBLEASSETS
FREEHOLDLANDANDBUILDINGS LEASEHOLD EQUIPMENT TOTAL
LAND&B'GS
Rochester Hammelton Youth Homesdale
Avenue*** Road Centre* Road**
£
£

£

£
£
£
COSTORVALUATION
At1Jan23 120,000
2,000

80,529
128,000
112,849

443,378
Additions - - -
Disposals (2,000)
-
- - (2,000)
At31Dec23 120,000 80,529
128,000

112,849

441,378
DEPRECIATION
At1Jan23 52,800 8,055 44,311
66,048

171,214
Disposals
Chargeforyear 2,400 1,611 2,462 9,929
16,402
At31Dec23 55,200
-
9,666 46,773 75,977
187,616
NBV
At31Dec23 64,800 70,863
81,227
36,872
253,762
At31Dec22 67,200
2,000
72,474
83,689
46,801
272,164

VESTMENTPROPERTY
StPaul's
House
VALUATION 280,000
At1Jan23
Additions 280,000
At31Dec23
DEPRECIATION 87,727
At1Jan23 3,733
Chargeforyear
91,460
At31Dec23
NBV
At31Dec23 188,540
At31Dec22 192,273
Comparablehistoricalcostforthelandandbuildingsincludedatvaluation:
HistoricalCost
At1January2023 165,000
Additions
At31December2023 165,000
Depreciationbasedoncost
At1January2023 58,962
Chargefortheyear 3,300
At31December2023 62,262
Netbookvalues
At31December2023 102,738
At31December2022 106,038
6(c)INVESTMENTS 2023 2022
£ £
CentralBoardofFinanceoftheCofEforthe:
KennethBrittonSundaySchoolPrizeFund 2,464 2,250
DriscollFlagandFlagpoleFund 4,958 4,528
Generalfund 261,368 230,603
268,790 237,381

TMENTS(continued) 2023 2022
£
£
Unlistedsecuritiesatmarketvalue
At1January2023 237,381 280,732
Unrealisedgain/(loss) 31,409 (43,351)
At31December2023 268,790 237,381
Representedby:
DesignatedFund(unrestricted) 263,832 232,853
EndowmentFunds 4,958 4,528
268,790 237,381
Costofinvestments 152,425 152,425

IRPROVISIONS 2023 2022
AttheRochesterDiocesanBoardofFinancefor:
TheChurch 30,710 28,069
ChurchRooms 13,9710. 12,749
13RochesterAvenue 7,636 6,690
YouthCentre 12,500 11,280
AttheCentralBoardofFinancefortheCofEfor:
ChurchInteriorRepairFund 53,941 47,883
118,758 106,671
ORS 2023 2022
£
£
StPaul'sHouserentsandotherreceivables 5,629 4,222
Prepayments&otherdebtors 5,351 4,809
10,980 9,031
ESFALLINGDUEWITHINONEYEAR
2023 2022
Creditorsandaccruals: £ £
HMRevenue&Customs 2,550 3,048
Independentexamination 3,250 3,210
Almsaccruals 31,825 39,314
Others 3,489 7,257
41,114 52,829

ALINSTRUMENTS 2023 2022
Carryingamountoffinancialassets
Equityinstrumentsmeasuredatfairvalue 268,790 237,381
Unrestricted Funds Restricted Endowment
Total
General Designated Legacies Funds
Funds
£
£

£
£
£
£
FixedAssets 216,890
452,372

36,872
4,958 711,092
CurrentAssets (27,446)
451,671

134,808
6,827 2,646 568,506
CurrentLiabilities (41,114)
-
- - (41,114)
Fundbalance 148,330
904,043

171,680
6,827 7,604 1,238,484
1DECEMBER2022
Unrestricted Funds Restricted Endowment Total
General Designated Legacies Funds
Funds
£
£

£
£
£
£
FixedAssets 232,235
427,126

37,929
- 4,528 701,818
CurrentAssets (53,496)
478,460

150,061
344 1,228 576,597
CurrentLiabilities (52,829)
-
- (52,829)
Fundbalance 125,910
905,586

187,990
344 5,756 1,225,586
Fortheyearended31December2023 Fortheyearended31December2023 Fortheyearended31December2023 Fortheyearended31December2023
11ALLOCATIONOFNETMOVEMENTOFFUNDS
Balances Incoming Resources Net AnalysisofBalances asat31 December2023
asat Resources usedMovement
1/1/23 after after Un- DesignatedRestrictedEndowed Total
transfers transfers restricted
£ £ £ £ £ £
£
£
ACCUMULATED
RESERVES
ChurchGeneral 224,838 (224,838)
AwayGiving(note12) 15,793 (15,793)
Premises(Rooms&Youth) 117,571 32,146 (20,398) 11,748 129,319 129,319
ProjectDesignated 308,652 (32,718) (32,718) 275,934 275,934
426,223 272,777 (293,747) (20,970) 405,253 405,253
REPAIRRESERVES
Church 28,069 2,640 2,640 30,709 30,709
ChurchInterior(schooling) 47,883 6,058 6,058 53,941 53,941
ChurchRooms 12,749 1,222 1,222 13,971 13,971
13RochesterAvenue 6,691 945 945 7,636 7,636
StPaul'sHouse 16,811 16,811 16,811
YouthCentre 11,280 1,219 1,219 12,499 12,499
123,483 12,084 12,084 135,567 135,567
OTHERRESERVES
SanctuaryFund 1,084 1,084 1,084
BrittonSundaySchool 2,250 214 214 2,464 2,464
DriscollFlag-capital 4,529 430 430 4,959 4,959
DriscollFlag-income 1,227 1,418 1,418 2,645 2,645
SandfordDriscollFund 37,010 (1,190) (1,190) 35,820 35,820
Unspentrestrictedlegacy 319 319 319
Unspentlegacies 187,990 1,000 (17,310) (16,310) 171,680 171,680
Specificdonations 11,670 11,670 11,670
13RochesterAvenue 101,459 18,762 (6,049) 12,713 114,172 114,172
Starterpacks 25 25,506 (20,250) 5,256 5,281 5,281
MealsNetwork 1,437 (210) 1,227 1,227 1,227
Investmentrevaluation 58,710 24,820 24,820 83,530 83,530
ParochialOrganisations 8,134 1,153 (1,814) (661) 7,473 7,473
414,407 74,740 (46,823) 27,917 83,530 344,363 6,827 7,604 442,324
PROPERTY
REVALUATIONRESERVE
Unrestricted 67,200 (2,400) (2,400) 64,800 64,800
Designated 194,273 (3,733) (3,733) 190,540 190,540
261,473 (6,133) (6,133) 64,800 190,540 255,340
TOTALS 1,225,586 359,601 (346,703) 12,898 148,330 1,075,723 6,827 7,6041,238,484
PurposeofAccumulatedReserves
ChurchGeneral Theincomeand runningexpensesoftheChurch
AwayGiving Almsincomeandexpenditure
ChurchRooms Theincomeand runningexpensesoftheChurchRooms
YouthCentre Theincomeand runningexpensesoftheYouthCentre
ProjectDesignated Theincomeand runningexpensesofStPaulsHouse
PurposeofRepairReserves Fundsheldwiththediocesefor repairsandmaintenance expenditure
PurposeofOtherReserves
SanctuaryFund Fundsetuptoprovideforsanctuaryrequisites
BrittonSundaySchool Incomefromthe fundisusedforSundaySchoolexpenditure
DriscollFlag Endowedfund.IncometobeusedtoflyStGeorge'sflagfromtheChurchTower oncertain days
SandfordDriscollFund Fundforgrantsforyoungpeopleoneducationaltravel
Unspentrestrictedlegacy
Legacytobespentonthechoir
Unspentlegacies Accumulatedincomefromunrestrictedlegacies
Specificdonations DonationfordecorationofChildren'sChapel
13RochesterAvenue Rentalincometobeusedforrefurbishment
Starterpacks Donationsreceivedforprojecttoprovidestarterpacksforhomelessrecentlyhoused
ParochialOrganisations FundsheldbyvariousparishorganisationsoperatingundertheauspicesofBPC
PropertyRevaluationReserves FundsgeneratedbytherevaluationofPCCproperty
Balances Incoming Resources
Net
AnalysisofBalancesasat31 AnalysisofBalancesasat31 AnalysisofBalancesasat31 December2022 December2022
asat
Resources
used Movement
1/1/22
after
after Un-Designated RestrictedEndowed Total
transfers transfers restricted
£
£

£

£
£
£

£
£
£
ACCUMULATED
RESERVES
ChurchGeneral 215,238 (215,238) - -
AwayGiving(note12) 13,784 (13,784)
-
- - -
ChurchRooms 79,345
23,404
(13,095)
10,309
89,654 89,654
YouthCentre 33,451
454
(5,988)
(5,534)
27,917 27,917
ProjectDesignated 356,299 (47,647)
(47,647)
- 308,652 - 308,652
469,095
252,880
(295,752)
(42,872)
- 426,223 426,223
REPAIRRESERVES
Church 26,134
1,935
1,935 28,069 28,069
ChurchInterior(schooling) 52,720 (4,837)
(4,837)
47,883 47,883
ChurchRooms 11,848
901
901 - 12,749 - 12,749
13RochesterAvenue 6,117
772
(198)
574
6,691 - 6,691
StPaul'sHouse 16,811
-
- 16,811 16,811
YouthCentre 10,347
933
933 11,280 11,280
123,977
4,541
(5,035)
(494)
123,483 123,483
OTHERRESERVES
SanctuaryFund 1,084 - - - 1,084 1,084
BrittonSundaySchool 2,549
-
(299)
(299)
- 2,250 - 2,250
DriscollFlag-capital 5,130 (601)
(601)
- - 4,529 4,529
DriscollFlag-income 1,160
67
67 - 1,227 1,227
SandfordDriscollFund 39,550
-
(2,540)
(2,540)
37,010 - 37,010
Unspentrestrictedlegacy 5,008 (4,689)
(4,689)
319 319
UnspentLegacies 209,240 (21,250)
(21,250)
187,990 - 187,990
Specificdonations 14,039
-
(2,369)
(2,369)
11,670 11,670
13RochesterAvenue 98,879
14,809
(12,229)
2,580
101,459 - 101,459
Starterpacks 2,382
1,203
(3,560)
(2,357)
- - 25 25
Investmentrevaluation 92,845
-
(34,135)
(34,135)
58,710 - - 58,710
ParochialOrganisations 8,178
312
(356)
(44)
- 8,134 8,134
480,044
16,391
(82,028)
(65,637)
58,710 349,597 344 5,756 414,407
PROPERTY
REVALUATIONRESERVE
Unrestricted 69,600 (2,400)
(2,400)
67,200 67,200
Designated 198,006 (3,733)
(3,733)
194,273 194,273
267,606 (6,133)
(6,133)
67,200 194,273 261,473
TOTALS 1,340,722 273,812 (388,948) (115,136) 125,910 1,093,576 344 5,7561,225,586
PurposeofAccumulatedReserves
ChurchGeneral Theincome andrunningexpensesoftheChurch
AwayGiving Almsincomeandexpenditure
ChurchRooms Theincome andrunningexpensesoftheChurchRooms
YouthCentre Theincome andrunningexpensesoftheYouthCentre
ProjectDesignated Theincome andrunningexpensesofStPaulsHouse
PurposeofRepairReserves Fundsheldwiththedioceseforrepairsandmaintenanceexpenditure
PurposeofOtherReserves
SanctuaryFund Fundsetup toprovideforsanctuaryrequisites
BrittonSunday School IncomefromthefundisusedforSundaySchoolexpenditure
DriscollFlag Endowedfund.IncometobeusedtoflyStGeorge'sflagfromtheChurchToweroncertaindays
SandfordDriscollFund Fundforgrantsforyoungpeopleoneducationaltravel
Unspentrestricted legacy Legacytobespentonthe choir
Unspentlegacies Accumulatedincomefrom unrestrictedlegacies
Specificdonations Donationfor decorationof Children'sChapel
13RochesterAvenue Rentalincometobeusedforrefurbishment
Starterpacks Donationsreceivedforprojecttoprovidestarterpacksforhomelessrecentlyhoused
ParochialOrganisations Fundsheldbyvariousparishorganisationsoperatingundertheauspices ofBPC
PropertyRevaluationReserves FundsgeneratedbytherevaluationofPCCproperty
TransfersDuringtheyeartheboardagreedtotransfer£51,380fromthedesignatedfundstothegeneralfund.£47,647wasa contributiontothe
runningcostsand£3,733relatedtodepreciation.£2,707wastransferredfromthegeneralfundtodesignatedfundsforrepairfunds.
Also£9,609wastransferredfromthegeneralfundtotherestrictedfundforalms.

12 RESTRICTEDAWAYGIVING 2023 2022
£ £
RECEIPTS
SpecialCollections 5,092 3,030
10%ofgeneralincome 1,033 1,100
10%ofStPaulsHouseincome 8,092 8,509
10%ofPremisesincome 1,576 1,145
15,793 13,784
PAYMENTS
AphasiaRe-connect 161 10
*MealsNetwork 1,159
DECAfghanistanAppeal 66
TheChildren'sSociety 126 187
BromleyStarterPacks 3,851 2,725
BromleyReliefinNeedFreedomFund 49 80
BromleyWelcare 55 30
HousingJustice 3,851 2,725
Alzheimers 420
Sulley'sFund 180 235
FreedomfromTorture 108 16
DiocesanLinkHarare 2,975 3,197
BromleyHomelessShelter 30
Foodbank 158
MercyShips 138
BigBrew 302
Toilettwinning 465
**JusB 30
RNLI 25
Syria 85
SightSavers 138
Accruedforlong termgiving 3,000 3,000
15,793 13,784

13RECONCILIATIONOFNETINCOMETONET 2023 2022
CASHFLOWFROMOPERATINGACTIVITIES £
£
NETINCOME/(EXPENDITURE)FORTHEREPORTINGPERIOD 12,898 (115,136)
Adjustmentsfor:
Depreciation 20,135 21,833
Disposaloffixedasset 2,000
(Gain)/lossoninvestments (31,409) 43,351
Movementinprovisions (12,087) 495
Interestreceivable (6,380) (2,975)
(Increase)inreceivables (1,949) (531)
(Decrease)incurrentliabilities (11,715) (364)
(28,507) (53,327)


operatingleaseswithitstenantswasasfollows:
2023 2022
£ £
Withinoneyear 26,912 26,912
Betweenoneandfiveyears 26,912
Overfiveyears
26,912 53,824