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2022-12-31-accounts

Pages
Report ofthe PCC I —12
Independent
Examiner 's Report		 13
Statement ofFinancial Activities 14
Balance Sheet 15
Cash Flow Statement 16
Principal Accounting Policies 17—19
Notes to the Financial Statements 20 —30

Unrestricted Restricted Endo&vment Total Total
funds funds fund 2022 2021
Note
Income from
Donations
and legacies		 235,715 39,040 274,755 200,444
Charitable
activities		 3,252 3,252 6,789
Trading activities 113,651 113,651 92,498
Investments
&bank deposits		 10,825 10,825 14,901
Total Income 363,443 39,040 402,483 314,632
Expenditure
on
Raising funds 5 30,160 30,160 3,988
Charitable
activities		 6 637,715 10,864 648,579 503,872
Total Expenditure 667,875 10,864 678,739 507,860
Net expenditure
before
gains on investments		 (304,432) 28,176 (276,256) (193,228)
Gain/(loss)
on investment		 assets 11 (53,678) 67 (53,611) 15,408
Net Movement
in Funds		 (358,110) 28,243 (329,867) (177,820)
Transfer
Funds at
1 January		 1,212,830 96,583 475,000 1,784,413 1,962,233
Funds at 31 December f854,720 XI24,826 f475,000 X1,454,546 11,784,413

Unrestricted Restricted Endowment Total Total
Note funds funds fund 2022 2021
Tangible fixed assets
Investments		 10
11		 501,379
323,599		 6,421 475,000 976,379
330,020		 976,839
691,832
824,978 6,421 475,000 1,306,399 1,668,671
Current
Assets
Debtors
Cash at bank and in hand		 12 14,957
30,852		 1,974
116,431		 16,931
147,283		 11,495
114,318
45,809 118,405 164,214 125,813
Creditors - Amounts
falling due within
one year		 13 (16,067) (16,067) (10,071)
Net Current Assets 29,742 118,405 148,147 115,742
NET ASSETS %854,720 f124,826 K475,000 X1,454,546 K1,784,413
FUNDS
General Funds
Unrestricted
Funds
Designated
Funds		 14
15		 (17,590)
872,310		 (17,590)
872,310		 9,839
1,202,991
Restricted Funds 16 124,826 124,826 96,583
Endowment 17 475,000 475,000 475,000
K854,720 f124,826 f475,000 K1,454,546 K1,784,413

CASH FLOW STATEMENT CASH FLOW STATEMENT CASH FLOW STATEMENT
FOR THE YEAR ENDED 31DECEMBER 2022
2022 2021
Cash flows from Operating
Activities
Net cash (outflow)/inflow
from/(used		 in) operating activities (286,061) (127,677)
Cash flows from investing
activities
Dividends
and interest
Payments
to acquire fixed assets
Proceeds from sales ofinvestments
Payments
to acquire investments		 10,825
357,821
(49,620)		 14,901
(180)
360,824
(270,289)
Net cash provided
by investing
activities		 319,026 105,256
Change
in cash and cash equivalents		 in year 32,965 (22,421)
Cash and cash equivalents
at I January		 2022 114,318 136,739
Cash and cash equivalents
at 31 December 2022		 K147,283 f114,318
Notes to the Cash Flow Statement
A. Reconciliation
ofnet movement		 in funds to net cash flow from operating activities
2022 2021
Net movement
in funds (as per the Statement ofFinancial Activities)		 (329,868) (177,820)
Adjustments
for
(Gains) / losses on investments
Dividends
and interest
from investments
Depreciation
Non-cash
assets received by way oflegacy		 53,611
(10,825)
460		 (15,408)
(14,901)
(415)
Decrease
/ (Increase) in debtors
(Decrease) / Increase in creditors		 (5,435)
5,996		 78,293
2,574
Net cash from
/ (used in) operating
activities		 (286,061) (127,677)
B.Analysis ofcash and cash equivalents
Cash at bank and in hand 147,283 114,318
Total cash and cash equivalents XI47,283 f114,318
C.Reconciliation
ofNet Cash
At 1 At 31
January Cash flows Other non- December
2022 cash changes 2022
Cash and cash equivalents
Cash at bank 114,318 32,965 147,283
Total KI14,318 f32,965 KI47,283

DONATIONS
AND LEGA		 CIES
Unrestricted Restricted Total Total
Funds Funds 2022 2021
Stewardship
Planned
giving - stewardship
Other gifts and donations		 scheme 28,080
27,306		 25,180 28,080
52,486		 19,095
18,791
Gift Aid tax recovered 15,388 15,388 14,052
Total Christian
stewardship		 70,774 25,180 95,954 51,938
Friends ofStGabriel' s
Subscriptions
Donations		 1,128
10,000		 1,128
10,000		 1,485
GiA Aid recovered 2,732 2,732
Total Friends ofStGabriel' s 13,860 13,860 1,485
Grants and Legacies
Mission Fund - LDF Grant
Mission Fund
—Grants from		 Parish House
Archbishop's
Council grant
All Churches
Trust
DCMS Grant towards
works		 164,941 164,941 9,232
90,000
47,789
Total Grants and Legacies 164,941 164,941 147,021
Z235,715 139,040 f274,755 6200,444

DONATIONS
AND LEGACIES (continued)		 DONATIONS
AND LEGACIES (continued)		 DONATIONS
AND LEGACIES (continued)
Year ended 31 December 2021
Unrestricted Restricted Total
Funds Funds 2021
Stewardship
Planned
giving - stewardship
Other gifts and donations
Gift Aid tax recovered		 scheme 19,095
18,791
14,052		 19,095
18,791
14,052
Total Christian stewardship 51,938 51,938
Friends ofSt Gabriel' s
Subscriptions 1,485 1,485
Donations
Gift Aid recovered
Total Friends ofSt Gabriel' s 1,485 1,485
Grants and Legacies
Mission Fund —LDF Grant
Mission Fund - Grants from Parish House 9,232 9,232
Archbishop's
All Churches		 Council grant
Trust		 90,000 90,000
DCMS Grant towards works 47,789 47,789
Total Grants and Legacies 137,789 9,232 147,021
6189,727 f.10,717 6200,444

Unrestricted Restricted Total Total
Funds Funds 2022 2021
Income from weddings,
funerals &baptisms
Income from other services		 3,072
180		 3,072
]80		 4,966
1,823
K3,252 f3,252 K6,789
Year ended 31 December 2021
Unrestricted Restricted Total
Funds Funds 2021
Income from weddings,
Income from other sen		 funerals &baptisms
ices		 4,966
1,823		 4,966
1,823
K6,789 K6,789

Unrestricted Restricted Total Total
Funds Funds 2022 2021
Rental income
Rental income fiom 37 Sheraton
Hire ofchurch &vestry hall
Fundraising
events		 House 59,197
11,900
42,554		 59,197
11,900
42,554		 50,586
7,200
34,712
f113,651 6113,651 f92,498
Year ended 31December 2021
Unrestricted Restricted Total
Funds Funds 2021
Rental income
Rental income fiom 37 Sheraton
Hire ofchurch &vestry hall
Fundraising
events		 House 50,586
7,200
34,712		 50,586
7,200
34,712
f92,498 Z92,498

. INCOME F ROM INVESTMENTS AND B ANK DEPOSITS
Unrestricted Restricted Total Total
Funds Funds 2022 2021
Bank interest
Income from		 quoted investments 1,522
9,303		 1,522
9,303		 1,142
13,759
f10,825 610,825 f.14,901
Year ended 31December 2021
Unrestricted Restricted Total
Funds Funds 2021
Bank interest 1,142 1,142
Income from quoted investments 13,759 13,759
f.14,901 614,901
5. EXPENDITURE ON RAISING FUNDS Unrestricted Restricted Total Total
Funds Funds 2022 2021
Investment
Maintenance		 Management
fees
and upkeep oflet property		 348
29,812		 348
29,812		 847
3,141
Costs ofproviding
lets and other services
630,160 f.30,160 f.3,988
Year ended 31 December 2021
Unrestricted Restricted Total
Funds Funds 2021
K
Investment
Maintenance		 Management
fees
and upkeep of let property		 847
3,141		 847
3,141
Costs ofproviding
lets and other services
K3,988 f.3,988

EXPENDITURE ON CHARITA BLE ACTIVITIES
Grants & Other Support Total Total
Donations Costs Costs 2022 2021
Diocese and wider church
Church
running
costs		 55,000 434 1,625 57,059 58,747
(includes
Restricted
funds)
Parish costs
Costs ofproviding
church services
Webcam expenditure
-Restricted
fund
Costs ofcharitable
activities
Major church repairs -Designated
fund
Mission Fund -Restricted
fund
Church
statue -Restricted
fund
Depreciation		 79,545
1,566
30,423
4,320
708
437,086
179
6,365
460		 9,748
12,997
4,874
3,249		 89,293
14,563
35,297
4,320
3,957
437,086
179
6,365
460		 56,286
13,447
32,859
6,011
4,579
326,190
6,168
(415)
f55,000 f561,086 f32,493 X,648,579 f503,872
Year ended 31 December 2021
Grants & Other Support Total
Donations Costs Costs 2021
Diocese and wider church
Church
mnning
costs (includes		 55,000 2,252 1,495 58,747
Restricted
funds)
Parish costs
Cost ofproviding
church sen ices
Webcam expenditure
—Restricted
fund		 47,316
1,487
28,374
6,011		 8,970
11,960
4,485		 56,286
13,447
32,859
6,011
Costs ofcharitable
activities
Major church repairs-Designated
Mission Fund-Restricted
fund
Depreciation		 fund 1,590
326,190
6,168
(415)		 2,989 4,579
326, 190
6, 168
(415)
f55,000 6418,973 629,899 6503,872
Total Total
2022 2021
Support Costs
ITcosts
Parish Administrator
Parish office costs
Independent
examination
fees
Accounting
and bookkeeping
fees
CES and professional
charges
Bank and other charges		 1,213
13,522
2,020
2,280
5,131
7,841
486		 479
13,363
633
2,560
12,864
f32,493 f29,899

upport costs are ap portioned
on the basis ofe		 stimated
usage as fol		 lows:
Diocese and wider church 5% (2021:5%) 1,625 1,495
Church
running
costs
Parish costs		 30%
40%		 (2021:30%)
(2021:40%)		 9,748
12,997		 8,970
11,960
Costs ofproviding
Costs ofcharitable		 church sen ices
activities		 15%
10%		 (2021:15%)
(2021: 10%)		 4,874
3,249		 4,485
2,989
f32,493 f.29,899

STAF F COST S AND REMUNERATION
OF KE		 Y MANAGEMENT
PERSONNEL
2022 2021
Wages and salaries 13,079 12,910
Social
Other		 security
pension		 costs 443 455
613,522 f.13,365

10. TANGIBLE FIXED ASSETS Unrestricted
Funds Endowment Unrestricted
Long Leasehold Long Leasehold Equipment Total
COST OR VALUATION
At
1 January 2022
Additions		 500,000 475,000 10,156 985,156
At 31 December 2022 500,000 475,000 10,156 985,156
DEPRECIATION
At
1 January 2022
Charge for the year		 8,317
460		 8,317
460
At 31 December 2022 8,777 8,777
NET BOOK VALUE
At 31 December 2022 f500,000 f475,000 f.1,379 f976,379
At 31 December 2021 f500,000 X475,000 f.1,839 f976,839
1. INVESTMENTS
Total Total
General Fund Music Fund 2022 2021
Market value
At beginning
ofyear
Additions
Disposals
Unrealised
gains/(losses)		 685,478
49,620
(357,821)
(53,678)		 6,354
67		 691,832
49,620
(357,821)
(53,611)		 766,959
270,289
(360,824)
15,408
$323,599 /6,421 E330,020 f.691,832
Cost ofinvestments 6355,868 K4,740 f360,608 f.654,345
Unrealised
gains/(losses)		 on investments f(32,269) 61,681 Z(30,588) K37,487

11. INVESTMENTS (continued) INVESTMENTS (continued)
Year ended 31December 2021 Total
General Fund Music Fund 2021
Market value
At beginning ofyear
Additions		 760,605
270,289		 6,354 766,959
270,289
Disposals
Unrealised
(losses)/gains		 (360,824)
15,408		 (360,824)
15,408
K685,478 K6,354 f.691,832
Cost ofinvestments X649,605 K4,740 6654,345
12. DEBTORS
Total Total
2022 2021
Trade debtors 1,000 3,000
Legacies receivable
Tax reclaimable
on Gift Aid		 10,181 2,745
Prepayments 5,750 5,750
K16,931 f.11,495
13. CREDITORS: amounts falling due within one year Total Total
2022 2021
Accruals 14,302 7,461
Deferred income 1,765 2,610
Taxation and Social Security
K16,067 f.10,071

6.
RESTR		 ICTED FUNDS
Opening Transfers & Closing
Balance Income Expenditure Gains/Losses Balance
Year ended 31 December 2022
Friends Funds 54,368 13,860 68,228
Fabric Fund 6,270 6,270
Fabric Webcam Fund
Mission Fund		 4,750
20,494		 2,000 (4,320)
(179)		 430
22,315
Staff Fund 6,703 6,703
Miscellaneous Small Funds 1,371 67 1,438
Broadcasting
Equipment
Marcus Cornish Fund		 2,627 (6,365) 2,627
(6,365)
Organ Fund 23,180 23,180
696,583 639,107 X(10,864) f124,826
Year ended 31 December 2021
Friends Funds 52,883 1,485 54,368
Fabric Fund 6,270 6,270
Fabric Webcam Fund 4,750 4,750
Mission Fund 26,662 (6,168) 20,494
Staff Fund 6,703 6,703
Miscellaneous Small Funds 1,371 1,371
Broadcasting Equipment 9,232 (6,011) (594) 2,627
f98,639 f10,717 f(12,179) K(594) 696,583

Total Total
2022 2021
Authorised and contracted for f195,093

EXPENDITURE ON CHAR ITABLE ACTIVITI ES
Unrestricted Restricted Total Total
Funds Funds 2022 2021
Diocese and wider church
Common
fund		 55,000 55,000 55,000
Diocesan school maintenance 434 434 2,222
Subscription
s		 30
55,434 55,434 57,252
Church
running
costs
Utilities (includes
Designated		 Funds) 27,522 27,522 15,137
Fabric &plant maintenance 21,930 21,930 8,196
(includes
Designated
Funds)
Major church repairs
(includes Designated
Funds)
Organ maintenance
and tuning
Piano tuning
Insurance		 437,086
1,995
16,312		 437,086
1,995
16,312		 326,190
924
683
15,925
Cleaning
&,churchyard
maintenance
Miscellaneous
purchases		 4,784
3,502		 4,784
3,502		 4,436
2,015
Church
statue cost (Designated
ITcosts		 Funds) 3,500
1,213		 6,365
4,320		 9,865
5,533		 6,490
Depreciation 460 460 (415)
518,304 10,685 528,989 379,581
Parish costs
Vicar(Vicarage
expenditure
Parish administrator
(note 7)
Finance officer		 707
13,522
859		 707
13,522
859		 967
13,363
520
Parish office costs 2,020 2,020 633
Accountancy
and bookkeeping		 5,131 5,131 12,864
CES and professional
fees		 7,841 5,561
Bank and other charges 486 486
30,566 30,566 28,347
Costs ofproviding
church services
Altar requisites
Candles		 101
1,728		 101
1,728		 2,620
1,566
Catering
and utensils
Flowers		 1,719
2,828		 1,719
2,828		 932
1,678
Music 22,164 22,164 20,766
Adveitising
and printing
Miscellaneous
supplies		 1,058
825		 1,058
825		 509
303
30,423 30,423 28,374
Mission Fund —Outreach 179 179 6,168
Costs ofcharitable
activities
Costs ofproviding
weddings,		 funerals &baptisms 708 708 1,590
635,435 10,864 646,299 501,312
Governance
costs
Independent
examination		 2,280 2,280 2,560
2,280 2)280 2,560
K637,715 610,864 f648,579 X503,872

Year ended 31 Dece mber 2021
Unrestricted Restricted Total
Funds Funds 2021
Diocese and wider church
Common
fund
Diocesan school maintenance
Subscriptions		 55,000
2,222
30		 55,000
2,222
30
57,252 57,252
Church
running
costs
Utilities
Fabric &plant maintenance		 15,137
8,196		 15,137
8,196
Major church repairs
(includes Designated
Funds)		 326,190 326,190
Organ maintenance
and		 tuning 924 924
Piano tuning 683 683
Insurance
Cleaning &churchyard
maintenance
Miscellaneous
purchases
IT costs
Depreciation
on Dell reverse		 15,925
4,436
2,015
479
-415		 6,011 15,925
4,436
2,015
6,490
-415
373,570 6,011 379,581
Parish costs
Vicar/Vicarage
expenditure		 967 967
Parish administrator
(note 7)		 13,363 13,363
Parish training
and mission
Finance officer 520 520
Parish office costs 633 633
Accountancy
and bookkeeping		 12,864 12,864
28,347 28,347
Costs ofproviding
church services
Altar requisites
Candles		 2,620
1,566		 2,620
1,566
Catering
and utensils		 932 932
Flowers 1,678 1,678
Organists
Music 20,766 20,766
Adveitising
and printing		 509 509
Miscellaneous
supplies		 303 303
28,374 28,374
Mission Fund —Outreach 6, 168 6,168
Costs ofcharitable
activities
Costs ofproviding
weddings,		 funerals &baptisms 1,590 1,590
489,133 12&]79 501,312
Governance
costs
Independent
examination		 2,560 2,560
2&560 2,560
491,693 XI2,179 X503,872