2023-12-31-accounts

Ex Officio	Members	Members
		Incumbent				and chairman		Patnch Allerton
		Church	Wardens					Amooti Binaisa	(until 28th	May	2023)
								William Josten
								Rupinder Kailey (from 28th		May 2023)
Elected Members
		Katharine				Dryer		Alvin Ng		Alexandra		Rogers
		Christopher				East		Matthew O'Regan		Andrew Simmons
		Kevin Edwards						Bernhard Ramseyer
The following		individuals				were elected as members of the PCC in 2023
		Thomas			Pepper-Charles			Betty Campbell
		Sophia	Larkum					Michelle Brissett
The following		individuals				rewgned as members of the PCC in 2023
		Andrew		Colvin				Camille Gauntlett
		Sandra	Crane					Jennifer Josten
Custodian	Trustees							The London Diocesan Fund
Charity Registration					Number			1133807
Principal	Address							59a Portobello	Road
								London
								W11 3DB
Independent		Examiner						Sarah Crispin ACA
								Stewardship
								1 Lamb's Passage
								London
								EC1Y8AB
Bankers								Unity Trust Bank pic
								Four Brindleyplace
								Birmingham
								81 2JB
Contents										Page
Charity Information											2
Annual Report ofthe Members							ofthe Parochial Church		Council		3-5
Independent		Examiner's				Report					6
Statement	of	Fmanoal			Activities						7
Balance Sheet											8
Notes to the Accounts											9-18
Detailed Statement			of		Financial		Activities	with Comparatives			19

					Total	Total
			Unrestricted	Restricted	Funds	Funds
			Funds	Funds	2023	2022
		Note
INCOME AND ENDOWMENTS	FROM:
Donations and legacies		3	232,317	1,319	233,636	339,798
Charitable activities		4	76,720		76,720	55,994
Other trading activities		5	33,232		33,232	33,500
Total income and endowments			342,269	1,319	343,587	429,292
EXPENDITURE ON:
Charitable activities		6	333,144	22,582	355,725	288,112
Total expenditure			333,144	22,582	355,725	288,112
Net gains/(losses) on investments
Net income/(expenditure)			9,125	(21,263)	(12,138)	141,180
Transfers between funds		15
			9,125	(21,263)	(12,138)	141,180
Net movement in funds			9,125	(21,263)	(12,138)	141,180
Reconciliation offunds:
Total funds brought forward			267,419	31,357	298,776	157,596
Total funds carried forward		15	276,543	10,094	286,637	298,776

					Total	Total
			Unrestricted	Restricted	Funds	Funds
		Note	Funds f	Fundsf	2023	2022f
FIXEDASSETS
Tangible assets		8	124,106		124,106	159,521
			124,106		124,106	159,521
CURRENT ASSETS
Debtors		9	12,611		12,611	20,094
Cash at bank and in hand		10	248,051	10,094	258,145	168,376
			260,663	10,094	270,757	188,470
CREDITORS: Amounts	falling
due within one year		11	(108,225)		(108,225)	(49,215)
Net current assets I(liabilities)			152,438	10,094	162,532	139,255
Total assets less current liabilities			276,543	10,094	286,637	298,776
CREDITORS: Amounts	falling due
after more than one year
TOTAL NET ASSETS			276,543	10,094	286,637	298,776
FUND BALANCES		15
Unrestricted Funds
General funds			131,678		131,678	97,597
Designated funds			144,866		144,866	169,822
			276,543		276,543	267,419
Restricted Funds				10,094	10,094	31,357
			276,543	10,094	286,637	298,776

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6	Charitable expenditure
							Unrestncted	Restncted	2023	2022
							6	6	6	6
a	Costs Incurred directly	on		specific activities
	Ministry expenses
	Parish share						87,775		87,775	85,200
	Ministry staff costs						29,469		29,469	23,904
	Clergy expenses						702		702	530
	Church services and activities						33,222		33,222	21,741
	Mission Giving and	Donations				(note 6c)	19,350		19,350	25,023
							170,517		170,517	156,397
	Property expenses:
	Operational costs for church						39,392		39,392	30,414
	Major repairs and renewals				to	church		22,582	22,582
	Donations in kind expensed				(note 3a)		13,500		13,500	13,500
	Property staff costs						20,676		20,676	20,446
	Operational costs ofclergy				accommodation		357		357	318
							73,925	22,582	96,506	64,678
							244 442	22 582	267 023	221 075
b	Costs incurred on support			&administration
	Governance costs
	independent examiner's		fee				2,340		2,340	2,640
							2,340		2,340	2,640
	Support staff costs						37,266		37,266	35,491
	Staff training, development		and recruilment				581		581	504
	Pnnting, postage and stationery						1,353		1,353	1,607
	Bank charges and fundraising			cost			744		744	1,228
	Professional fees						412		412	350
	Licences and Subscriptions						2,438		2,438	1,991
	Depremation oftangible	fixed		assets			35,415		35,415	15,309
	Insurance						8 153		8 153	7917
							88,702		88,702	67,036
	Total expenditure						333,144	22,582	355,725	288,112

Mission Giving an	d D	on	atio	ns
							Institutions 6	Individualsf	2023
Grants for UK and	overseas			mission			8,350	11,000	19,350
							8,350	11,000	19,350
The comparatives	for the		previous year are as follows:
							Institutions 6	Individualsf	2022 6
Grants for UK and	overseas			mission			15,523	9,500	25,023
							15,523	9,500	25,023
The charity's principal		grants		to institutions	comprised:
								2023	2022
								6
British Red Cross									1,000
Diocese ofLondon								1,500	5,760
Glass Door									1,494
Help the Persecuted								3,750
Kensington &	Chelsea Foodbank								3,485
Open Doors									3,485
Tearfund								3,000
Grants to institutions			for less than F1,000 each					100	298
								8,350	15,523
Analysis ofstaff costs,			the	cost of key management		personnel	and trustee remuneration
								2023	2022
								6	6
Gross wages	and	salaries						91,029	82,567
Social security								1,257	1,881
Pension costs								2,240	2,470
								94,526	86,918

Tangible fixed asset	s
		Fixtures,
		fittmgs and	Total
		equipmentf	2023 f
Cost
At 1 January 2023		177,077	177,077
Additions
At 31 December	2023	177,077	177,077
Accumulated depreciation
At 1 January 2023		17,556	17,556
Charrle for the Veer		35,415	35,415
At 31 December	2023	52,971	52,971
Net book value
At 31 December	2023	124,106	124,106
At 31 December	2022	159,521	159,521
Debtors
		2023f	2022f
Falling due within one year:
Trade debtors		351	1,106
Tax recoverable		787	1,030
Other debtors		180	347
Prepayments and accrued income		11,293	17,611
		12,611	20,094
Cash at Bank and in	Hand
		2023f	2022f
Cash at bank with immediate access		257,282	168,029
Cash (in hand)		864	348
		258,145	168,376
Creditors: liabilities	falling due within one year
		2023f	2022 f
Trade creditors		4,968	11,572
Other creditors		3,970	2,513
Accruals		89,249	11,229
Deferred income		10,038	14,531
Loans			3,333
Retention payable			6038
		108,225	49,215

							2023	2022
							F	8
Balance	at the beginning	ofthe reporting		period			14,531	2,208
Amount	released to income						(14,531)	(2,208)
Amount	deferred in year						10,038	14,531
Balance	at the end ofthe reporting		period				10,038	14,531
The income deferred at the period			end will be released		to mcome over the following	penods:
Within one year							10,038	14,531
After one year
							10,038	14,531

						Concessionary	loans
						2023	2022
						8	8
Repayable:
Within one year							3,333
Between one	and five years
							3,333
The concessionary	loan was interest free and unsecured;	it was repaid	in annual	instalments	and was repaid	in full in February 2023.

Funds		FOR T	HE YEAR ENDED 31DEC	EMBER2023
During the year the	movements	in the charity's	funds were as follows:
			Opening	Incoming	Outgoing	Transfers	Closing
			balance	resources	resources	in the year	balance
			2023	2023	2023	2023	2023
Designated Funds
Redevelopment	fund		10,300				10,300
Charitable giving	fund					10,461	10,461
Fixed asset fund			159,522		(35,415)		124,106
			169,822		(35,415)	10,461	144,866
General Unrestricted	Funds		97,597	342,269	(297,728)	(10,461)	131,677
Total Unrestncted Funds			267,419	342,269	(333,144)		276,543
Restricted Funds
Facade Restoration			6,357	1,319	(1,874)		5,802
Church Restoration			25,000		(20,708)		4,292
			31,357	1,319	(22,582)		10,094
Aggregate offunds			298,776	343,587	(355,725)		286,637

				Unrestricted	Funds
				General	Designated	Restricted
				funds f	funds f	fundsf	2023f
Tangible fixed	assets				124,106		124,106
Debtors				12,611			12,611
Cash at bank	and in hand			227,291	20,760	10,094	258,145
Creditors falkng		due within one	year	(108,225)			(108,225)
				131,678	144,866	10,094	286,637
In the previous year the movements			in the chanty's funds were as follows:
			Opening	Incoming	Outgoing	Transfers	Closing
			balance	resources	resources	in the year	balance
			2022	2022	2022	2022	2022
			f		E	f	E
Designated Funds
Redevelopment		fund	10,300				10,300
Fixed asset fund			65,158		(15,309)	109,673	159,522
			75,458		(15,309)	109,673	169,822
General Unrestricted		Funds	48,818	322,277	(272,803)	(695)	97,597
Total Unrestricted	Funds		124,216	322,211	(288,112)	108,978	267,419

Fagade	Fagade	Restoration	6,357				6,357
Chuiuh		Resloialiun		25,000			25,000
Sound	and Visual		26,963	82,015		(108,978)
			33,320	107,015		(108,978)	31,357
Aggregate	offunds		157,596	429,292	(288,112)		298,776
The transfers		referred to above were made for the following	reasons

ysis of net assets by fund e previous year, the assets and liabikties ofthe various	funds were as follows:
	Unrestricted	Funds
	General	Designated	Restricted
	funds	funds	funds	2022
	6	f		6
Tangible fixed assets		159,522		159,521
Debtors	20,094			20,094
Cash at bank and in hand	117,348	10,300	40,728	168,376
Creditors falling due within one year	(39,844)		(9,371)	(49,215)
	97,597	169,822	31,357	298,776

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